Category: EQS Newswire

EQS Newswire / 26/11/2024 / 10:34 UTC+8 Zurich, Switzerland - November 26, 2024 - (SeaPRwire) - Orderfox Schweiz AG, a leading provider of artificial intelligence (AI) solutions for the B2B and industrial sectors, has officially surpassed a €1 billion valuation, achieving the coveted status of Unicorn. This significant breakthrough of Orderfox to Unicorn status results from its commitment to integrating advanced AI into industrial and B2B operations. By managing and interpreting massive datasets, the company delivers customized market intelligence to clients across various sectors, from manufacturing to logistics. Its innovative tools help businesses optimize operations, cut costs, and stay agile in today's highly fluid market environment. "Achieving Unicorn status is more than just a financial milestone. Rather, it is a recognition of our ongoing mission to revolutionize the use of AI in industrial decision-making," says Derek Tanner, CEO of Orderfox. "Our products, such as Partfox and Gieni, are providing companies with individualized access to market data, empowering them to make smarter, more insightful choices." Partfox, which enables procurement professionals to source parts and manage supply chains more effectively, and Gieni, which offers AI-powered market intelligence across multiple sectors, have become essential tools for businesses looking to thrive in the face of global supply chain challenges. With a database of over 20 million profiled companies and more than 470 million individual profiles, the firm's platform offers clients a comprehensive and highly detailed view of the industry. As the company celebrates its Unicorn status, Orderfox plans to expand its global presence and accelerate the development of new AI solutions. The company also plans to enhance its product offerings, broadening its reach to even more industries and geographical markets. "We are in the initial stages of transforming the industry in positive ways," says Timur Göreci, CRO at Orderfox. "With our unique approach to AI and data analytics, we're confident that Orderfox will continue to drive innovation and create even more value for our clients in the coming years." For more information, visit the Orderfox Schweiz AG website. About Orderfox Schweiz AG Orderfox Schweiz AG is a technology company based in Zurich, Switzerland. It specializes in providing AI-driven solutions designed to help businesses in the industrial and B2B sectors optimize their operations and improve decision-making. With an extensive database of global companies and markets, the brand empowers its clients with actionable insights that drive strategic growth and operational efficiency. The company's products—including Partfox and Gieni—are trusted by professionals in procurement, manufacturing, logistics, and various other industries worldwide. Media Contact Brand: Orderfox Schweiz AG Contact: Dhiviyaa Satkunanathan Email Address: press@orderfox.com Website: https://www.orderfox.com/ 26/11/2024 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.com

EQS Newswire / 22/11/2024 / 20:15 UTC+8 (Hong Kong, November 22, 2024) – AGTech Holdings Limited (“AGTech” or the “Group”, HKEX stock code: 8279) today announced its interim results for the Six-Month Period ended September 30, 2024. FINANCIAL HIGHLIGHTS Revenue of the Group for the Six-Month Period amounted to approximately HK$271.4 million (Six months ended September 30, 2023: approximately HK$277.8 million), representing a decrease of approximately 2.3% compared to the six months ended September 30, 2023. For the Six-Month Period, revenue contributions were mainly derived from the following businesses: Electronic payment and related businesses (including local consumer services and payment-related hardware supply): The decrease in revenue by approximately HK$25.6 million to approximately HK$138.2 million for the Six-Month Period (Six months ended September 30, 2023: approximately HK$163.8 million) was mainly due to the decrease in tourists’ spending in Macau and the fact that the living subsidy under the 2022 Electronic Consumption Benefits Plan came to an end in June 2023. Banking business: The revenue of Ant Bank (Macao) of approximately HK$6.8 million has been consolidated into the Group’s from September 2, 2024 (being the date of completion of the attainment of a controlling stake in Ant Bank (Macao) by the Group). It mainly included interest income derived from loans to individuals and corporate customers, placements with banks and monetary bills with AMCM of approximately HK$5.4 million and fee and commission income (derived from securities investment services, insurance agency services and account services) of approximately HK$0.5 million. Lottery business: the increase in revenue by approximately HK$12.4 million to approximately HK$126.4 million for the Six-Month Period (Six months ended September 30, 2023: approximately HK$114.0 million) was mainly due to the increase in revenue from the sales of lottery hardware by approximately HK$18.9 million as a result of the increase in lottery hardware tenders awarded and their deliveries; which was partially offset by the decrease in revenue from the provision of lottery distribution and ancillary services by approximately HK$6.0 million as a result of the shortages in the allocation and supply of instant scratch tickets in multiple provinces in the PRC. The loss for the Six-Month Period was approximately HK$1.6 million (Six months ended September 30, 2023: loss of approximately HK$10.5 million). The decrease in loss was primarily due to the decrease in operating loss. In addition, there was a fair value gain on convertible term loan facilities provided by the Group to its 45%-owned joint venture company in India of approximately HK$3.1 million for the Six-Month Period (Six months ended September 30, 2023: fair value loss of approximately HK$0.3 million). BUSINESS REVIEW Electronic Payment Business An indirect wholly-owned subsidiary of the Group, Macau Pass is principally engaged in contactless payment card and ancillary services, e-wallet services and acquiring services. The “mCard” is the most common contactless smart card for payments in Macau. There are currently more than 5 million mCards in issuance. During the Six-Month Period, various limited editions of mCards had been issued, such as UEFA Euro 2024 mCard, 520 Lover mCard, The Air Macau x Macau Pass collaborative edition mCard (2024 Blind Box Purchase Version) and World Heritage Site mCard. Serving as a comprehensive platform for digital life and financial services, MPay, the e-wallet operated by Macau Pass, supports online and offline payments covering different payment scenarios. During the Six-Month Period, the accumulated number of registered users of MPay increased by approximately 17%, and the total number of MPay e-wallet transactions accounted for about 80% of the total electronic payment transactions in Macau. Macau Pass has been committed to promoting the adoption of its cross-border mobile payment services. In August 2024, the MPay cross-border service zone went online, providing Macau residents with one-stop digital services for payment, travel, dining, and handling cross-border business when they visit Chinese Mainland. As of September 30, 2024, around 30 mini-programs from Chinese Mainland have been integrated, covering dining and tea drinks, transportation, sharing and rental services, and information services. More convenient services are set to join soon. To further enhance the user payment experience and meet the growing demand for local and cross-border payment scenarios, starting from September 20, 2024, MPay has significantly increased the transaction and transfer limits for users at the 3A, 3B, and JR levels. Notably, 3B level users now enjoy unlimited yearly transaction and transfer limits. Meanwhile, in late April 2024, Macao’s Transport Bureau announced that Alipay (Chinese Mainland), Alipay (Hong Kong) as well as UnionPay app users with its app linked to a non-local UnionPay card, can now travel on all public bus routes that run in every area of Macao by using the QR code through the service of Macau Pass; in September 2024, Macao’s buses support the payment of bus fares using WeChat Pay. Banking Services The Group’s banking services are currently carried on by Ant Bank (Macao). On September 2, 2024, the Group completed the attainment of the controlling stake in Ant Bank (Macao), further expanding the business scope into the field of digital financial services. As a fully licensed digital bank in Macau, Ant Bank (Macao) integrates Macau’s characteristics with financial technology, continuously exploring new areas and applications of fintech to provide customers with secure, inclusive, and convenient digital financial services. In retail banking, Ant Bank (Macao) has achieved multiple innovations in the Macau market, satisfying the comprehensive financial needs in payment, deposit, wealth management and investment for various types of customers. For the Six-Month Period, the bank’s customer base has grown substantially by approximately 33%, leading to a growth of approximately 142% in deposits. In corporate banking, Ant Bank (Macao) has continuously enhanced its services for local SMEs, providing credit support for businesses utilizing fintech solutions, and helped boost Macau’s economic development. For the Six-Month Period, the balance of loans to corporate customers has seen a notable increase by approximately 193%. Lottery Business The Group is one of the leading suppliers of lottery terminals in China. During the Six-Month Period, the Group won multiple lottery hardware tenders to supply lottery terminals to the Sports Lottery Administration Centres in Jiangsu Province, Zhejiang Province, Guizhou Province, Jiangxi Province, Shandong Province, Hainan Province, Shaanxi Province, Shanghai Municipality, and Hubei Province of China. The Group will continue to pursue tenders to supply to the lottery hardware markets. BUSINESS OUTLOOK AGTech is dedicated to becoming a leading global group in banking and integrated digital financial technologies. With banking, electronic payment, and local consumer services as its core, the Group aims to build a comprehensive digital ecosystem and and create a new paradigm for modern financial services. Through offering digital financial services, e-wallet, contactless smart card and multipurpose e-payment system, the Group strives to promote mobile payment in Macau and contribute to the smart city transformation. With a vast customer base and an extensive merchant network, the digitized services provided by the Group have been ever-evolving, providing users with more convenient multi-scene services. The Group will also explore on strategic cooperation with Alibaba Group and Ant Group to further develop and create more diverse business scenarios within the e-commerce and digital media and entertainment landscape; provide support for more electronic payment tools from overseas countries and regions to further facilitate the consumption of visitors to Macau, helping Macau’s economic development and digital transformation of merchants, in addition to exploring commercialization opportunities within the Macau electronic payment ecosystem and cultural and entertainment market. Leveraging the advantages of Alipay+, the Group will integrate relevant industries in Macau through channels and contents, accurately present Macau’s cultural tourism advantages such as entertainment, catering and shopping to potential tourists, assist collaborating merchants to increase their online exposure, and deeply build Macau into the World Centre of Tourism and Leisure. In the future, we will continue to enhance payment convenience for the elderly, foreigners coming to live and work in Macau, and other demographics. We will deepen the construction of service scenarios, enrich the provision of payment services, and continuously improve the standard of payment services and the payment experience for these relevant groups. The Group aims to meet the consumption and financing needs of Macau’s residents and SMEs by connecting scenarios and resources of the ecosystem with payment plus inclusive finance, create synergies with the Group’s existing lifestyle, culture and entertainment and e-commerce businesses by utilising the resources of the ecosystems in the Alibaba Group and Ant Group, creating specialized cross-border financial service, diversifying and expanding the Group’s sources of revenue. With roots in Macau and sights set on the global stage, the Group is dedicated to investing in technological progress. Focused on user needs, we will expand our service offerings and global financial reach, seeking innovative business opportunities to ensure sustainable growth and value for the Shareholders. -END- ABOUT THE GROUP AGTech was incorporated in Bermuda and its Shares are listed on GEM (Stock Code: 8279). The Company is also included as a constituent stock in the MSCI World Micro Cap Index. As a banking and comprehensive digital financial technology group, AGTech’s core business covers banking services, electronic payment services, local consumer services, lottery business and payment-related hardware supply. AGTech’s businesses are broadly divided into five principal categories: (i) Banking services: (a) digital banking services for individuals and SMEs (including deposits, loans, transfers and cross-border remittances, cross-border e-commerce/supply chain financing, wealth management, etc.); (b) internet securities investment services; (c) insurance agency services; (ii) Electronic payment services: (a) payment card services and ancillary services; (b) e-wallet services; (c) acquiring services for merchants; (iii) Local consumer services: lifestyle, games and entertainment, marketing technical services and e-commerce; (iv) Lottery: (a) lottery hardware sales; (b) lottery distribution through physical channels and ancillary services; and (v) Payment-related hardware supply (including sales and leasing). As a member of the Alibaba Group, the Group is the exclusive lottery platform of Alibaba Group and Ant Group. AGTech is an associate member of the World Lottery Association (WLA) and the Asia Pacific Lottery Association (APLA). 22/11/2024 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.com

EQS Newswire / 22/11/2024 / 10:14 UTC+8 (Hong Kong, 21 November 2024) – Modern Dental Group Limited (the "Modern Dental Group" or the "Group", Stock Code: 03600.HK), a leading global dental prosthetics provider, is pleased to announce the acquisition (“the acquisition") of 74% shares in Hexa Ceram Dental Laboratory (“Hexa Ceram") - the largest dental laboratory in terms of market share in Thailand. The acquisition builds on the Group's strategy in expanding distribution networks and penetration into new geographic markets and utilizing Hexa Ceram as a production base for Southeast Asia, which helps reinforce the Group’s global leadership in the ever-evolving dental industry. Expansion of Market Reach in the Global Distribution Network Hexa Ceram Dental Laboratory is the largest dental laboratory in Thailand, with a substantial market share of 28% during the year of 2022. It has been the pioneer in the industry for nearly 30 years and is dedicated to providing high-quality dental prosthetics to dentists, with a team of over 900 qualified dental technicians and the biggest sales team in 12 branches over Thailand. Hexa Ceram has demonstrated a solid performance which realized its net sales growth with a CAGR of 23% over the financial years 2020 to 2023; and the profitability with an EBITDA margin of 21% and a net profit margin of 18% in 2023. Upon the acquisition, the Group has significantly increased market share and strengthened its market position in Southeast Asian countries. The Group will fully leverage Hexa Ceram’s strong market position and close connection with dental universities in Thailand to expand its local market reach. By utilizing the established skilled workforce in the laboratory, the Group will further enhance production flexibility, diversify the risk of concentration of production centers and enhance its overall production efficiency. By utilizing Hexa Ceram as a production base for the Southeast Asia market, the acquisition sets a significant milestone in the business journey of the Group, providing it with the resources and customer base necessary to enhance its product offerings and expand the market reach. Unleashing the Full Potential to Develop in the Emerging Markets Southeast Asia is a dynamic and rapidly evolving region with rising demand for dental services which is significantly influenced by increasing awareness of dental health, rising disposable income and expanding middle class in Southeast Asian countries. Thailand is well-established as a medical tourism hub and the robust healthcare infrastructure, provides unparalleled advantages and cultural diversity to serve as a convenient access point for neighboring countries. The acquisition underscores Modern Dental Group's commitment and determination to develop in the emerging markets and allows streamlined expansion of customer base and brand presence in Southeast Asia. The Group aims to unleash the full potential of its competitiveness to provide high-quality dental services at competitive prices. Upon the completion of the acquisition, the Group is positioned to enhance its coverage and penetration in the surrounding markets and provide high-quality and innovative dental solutions and services, given the established and growing presence in ASEAN Economic Community including Laos, Cambodia and Myanmar by Hexa Ceram. The Group is poised to unlock substantial growth opportunities and deliver even greater value to its customers. Strategic M&A Strengthened the Group’s Competitive Edge Since 2011, the Group has tactically expanded its global sales and distribution network across Europe, North America and Asia Pacific through a series of strategic acquisitions. Currently, Modern Dental Group has established a global sales network covering more than 23 countries. The Group’s expansive global presence allows the Group to deliver cutting-edge innovation and solutions to dentists around the world. It is believed that the streamlined operations and integrated supply chain through the acquisition will lead to improved efficiencies in sales and distribution, empower the Group a wider customer demographic to better meet the global demand and enhance its resilience to uncertainty in the macro environment. Future Prospect The management of Modern Dental Group stated, "We are delighted to welcome the team from Hexa Ceram. The combined extensive experience and network from Hexa Ceram enables us to be a more competitive, growth-oriented dental solutions provider in the evolving industry. We are well-positioned to deliver greater value for dentists and partners, as well as providing compelling alternatives in the new era of technological innovation to meet customers’ needs that exceed their expectations." The acquisition is an important step in the Group’ global expansion strategy. It has not only strengthened its presence over core markets in Southeast Asia but also enhanced the stability of its global supply chain and distribution network. Going forward, customers will benefit from a more competitive portfolio of solutions supported by the Group’s multifaceted dental ecosystem. The Group will continue to integrate global resources and technology to offer superior dental products and services, reinforcing the leading position in the global market. About Modern Dental Group Modern Dental Group Limited (Stock code: 03600.HK) is a leading global dental prosthetics provider, distributor and consultant with a focus on providing custom-made prostheses to customers in the growing prosthetics industry. Our product portfolio is broadly categorized into three product lines: fixed prosthetic devices, such as crowns and bridges; removable prosthetic devices, such as removable dentures; and other devices, such as orthodontic devices, sports guards, clear aligners, and anti-snoring devices. Modern Dental Group has a global portfolio of respected brands, including Labocast, Permadental and Elysee Dental in Western Europe, YZJ Dental in China, Modern Dental Lab in Hong Kong, Modern Dental USA in the United States, and Southern Cross Dental in Australia. We have grown these brands by providing premium and consistent quality products and superior customer service. We have more than 80 service centers in over 23 countries and serve over 30,000 customers. 22/11/2024 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.com

EQS Newswire / 20/11/2024 / 12:27 UTC+8 Foreword Not long ago, Guru Club released the first Alibaba F2Q25 earnings update report, focusing on tracking the company's outstanding shareholder return rate. After the release of Alibaba's F2Q25 results, the market generally focused more on accelerating the recovery of core businesses such as e-commerce and cloud computing, as well as the high quality of its performance growth. Alibaba led the industry competition to provide greater value to customers, and Ali's management fulfilled its growth commitments. We believe that the progress of Alibaba's "AI-driven" strategy is also worth paying attention to. Although China's listed leading Internet and technology companies have actively deployed in the AI field, they do not fully reflect their AI capabilities in the financial results, unlike the well-known "Magnificent Seven" stocks in the US stock market. However, the current business performance can explain at least one thing - breakthroughs and changes are happening. Based on current trends, we believe that it is only a matter of time before the final AI valuation is reflected in the financial report data. Therefore, we are proactively tracking Alibaba's AI strategic layout and progress. We have found that Quark, known as one of the "Four Little Dragons of Alibaba," has made unexpected progress in the past two quarters. We believe that this change will play an important driving role in the timing of Alibaba's AI potential release and the reassessment of investment value. It can be further inferred that Ali's AI strategy has taken the lead in making breakthroughs among China's listed Internet and technology companies. Ⅰ Alibaba's "AI-driven" Strategy and Quark's Unique Position In today's global technology field, artificial intelligence (AI) technology has become the core of a new round of business competition. This business battle, known as the “AI battle”, constantly affects the nerves of global tech firms. They are using AI technology and products as weapons to engage in fierce market competition and internal renovation. Alibaba is also actively planning its AI layout to follow the trend of the times. In fact, AI technology has long been regarded as one of the key factors driving Alibaba's future business growth. Ali launched its basic large language model Tongyi Qwen in April 2023 and identified "AI-driven" as one of its strategic priorities in September 2023. In May 2024, Alibaba explained in its "2024 Fiscal Year Letter to Shareholders" the direction of its AI-driven strategy: first, basic large language model (LLM), second, cloud computing business, and third, application scenarios. Corresponding to specific businesses, the first refers to Ali's Qwen LLM,; The second refers to Alibaba Cloud's computing business, and the third is the representative AI applications extended from Alibaba's various C-end businesses. 2024 is widely recognized as the Year of AI Implementation. China’s domestic Internet companies have launched in succession AI products representing their own C-end layout, such as ByteDance Doubao, Baidu Wenxiaoyan, etc. In contrast, we believe that Quark, which is presented in other businesses of Alibaba's financial report, can represent Ali's C-end AI products for three following reasons: 1. Quark is an intelligent product independently operated by Alibaba and has been laying out in the AI field for a long time. Quark's positioning in 2018 was an intelligent search engine with AI technology at its core. It places AI technology at the core of its product strategy from the beginning. After years of investment and efforts, Quark has gained a first mover advantage in both AI products and technology. 2. Quark's comprehensive product strength has entered the forefront of domestic and even global AI products. According to the latest data from the AI product list produced by a well-known domestic third-party data service agency, Quark ranks fourth globally and first in China. The "Q2 2024 iOS AI Products Strength Ranking" released by QiMai also shows that Quark won the industry championship with the highest rating. 3. Quark features a leading word of mouth among young people. Capturing young users means seizing the future of technology and business. Young people have a higher acceptance of new products with a larger user base. QuestMobile data shows that the general student population under the age of 24 in China has reached 261 million. It is reported that the proportion of young people under the age of 25 among Quark users has reached half, and that of young people on Quark PC even exceeds half. We believe that Quark, which has already entered the top tier of global C-end AI applications, is becoming the vanguard of Alibaba's AI strategy in the field of C-end applications, bringing more room for imagination to the company’s AI-driven strategy. Through Quark, we can also gain a deeper understanding of the value of Ali's AI strategy. Ⅱ Full Manifestation of AI Strength: Quark PC Leads Far Ahead Firstly, let's briefly review the development trajectory of Quark and see how it gradually rose to become the "ace" of Alibaba's C-end AI applications. Since its establishment, Quark has defined search business as intelligent search and has been deeply involved in the application of AI technology in products. In November 2023, Quark released the Quark LLM, marking its further advancement in the field of AI. At that time, the Quark LLM successively topped the two authoritative evaluation lists of C-Eval and CMMLU, with multiple performances superior to GPT-4, reflecting the advantage of Quark in the LLM capabilities. In July 2024, Quark upgraded its "Super Search Box" and launched a one-stop AI service centered around AI search; In August 2024, it released a new PC terminal. Quark has rapidly upgraded its multi terminal products to products that fully utilize AI capabilities. According to public information, Quark PC has upgraded a series of functions such as AI search, AI writing, AI PPT, and AI file summary. And it can provide users with one-stop information retrieval, creation, and summary through "system-level all-scene AI". Taking Quark PC as an example to analyze its AI capabilities. Since the release of the all-new Quark PC, its traffic and user base have grown rapidly, while the categories of vertical AI applications continue to increase with the expansion of application scenarios. The launch of new products will further attract new users and downloads, forming a positive feedback loop, which is a typical "flywheel effect". According to the latest data from PConline, Quark PC ranks first in the download volume of AI applications on domestic computers in 2024, becoming the top-pick AI PC product among young people. The download volume of Quark PC is significantly higher than that of the second-ranked Doubao. Analyzing the reasons for the success of Quark PC, we have the following conclusions: 1. The comprehensive and deep integration of Quark AI functions is one of the core driver for its further growth in traffic this year. In the scenario of using productivity tools, a single AI plugin often can only meet scattered needs, while Quark seamlessly integrates these needs through its "system-level all-scene AI" capability, improving user experience and stickiness, making AI a versatile assistant for users' work and learning. For example, Quark PC products integrate comprehensive AI applications and rich information services, allowing users to upgrade their computers to AI style without upgrading their hardware. 2. The product strength is excellent enough. Quark PC not only has superior performance, but also is convenient and easy to use. Its friendly interface design and convenient usage process provide a unique experience of information collection, processing, and summarization, especially in academic search, AI topic search, AI writing, and AI PPT functions. 3. According to the life cycle theory of Internet products, the large-scale liquidation of Quark PC has not yet occurred. For one thing, many AI products or features in Quark's product matrix, including the PC terminal, are free; For another, Quark has been very restrained in commercialization and has always adhered to long-termism and craftsman spirit to polish products and accumulate users. Alibaba's "User First" principle is well reflected in Quark. Therefore, it can be concluded that Quark is currently in the mid-term stage of the fastest user growth, and its potential commercial value release in the future will be more eye-catching. From the perspectives of data and scenario verification, Quark has enormous potential for commercialization in the future. Quark is still in a period of rapid development without sacrificing user experience. According to the latest statistics from the QbitAI think tank, Quark not only leads in user scale among domestic AI products, but also ranks first in the industry in terms of growth rate and user stickiness. According to data from the QbitAI, the number of newly downloaded quarks from January to October 2024 is close to 270 million, way ahead of the second place Doubao's 140 million; In respect of user stickiness, the top-ranked Quark has a three-day retention rate of over 40% and a seven-day retention rate of nearly 30%, both far exceeding the industry's requirements for excellent product retention rates. Another point is the rich scenarios, which also determines the high conversion and growth potential of users. One of Quark's core advantages is its deep accumulation in vertical application fields. Taking "AI Search" for learning scenarios as an example, Quark has upgraded its "AI Search" product in an all-round way to further solve the problem of users being unable to find questions or understand difficult problems. This has made the process of searching and solving questions faster and more effective. Quark's "AI Search" is also the first search product to complete a comprehensive AI upgrade. Behind this is Quark's early layout and years of deep cultivation in the field of learning. Quark has long insisted on building high-quality learning content and has the largest learning database in China, which is applied to model training to ensure that the content explained by AI is accurate and evidence-based. Deep cultivation of vertical scenario applications will bring new growth and commercialization opportunities to Quark. According to the "Summer Development Report on AI Productivity Tools" released by Aurora Mobile's MoonFox Data, AI productivity tools are showing a high-speed growth trend on the user side, and the growth rate has significantly increased. Among them, Quark App leads the way in acquiring new users during the summer vacation. Ⅲ. When will Alibaba Begin to Deliver the Strategic Value of "AI-driven"? Firstly, our conclusion is that benefiting from the market's attention to AI applications and the long-term accumulation of advantages in Alibaba's AI applications such as Quark, it can help increase the proportion of overall AI related business valuation in Alibaba's market value. The main reasoning logic is concentrated in the following parts: (1) Market Focus on the Value of AI Applications We observe that the market focus has shifted from LLM capabilities to practical AI application scenarios, as well as real user usage and retention. For AI applications, the smooth transition from the concept and idea verification stage to the actual user scenario application stage has achieved substantial transformation of innovative ideas and technological achievements into large-scale user operations, and future new commercialization opportunities are gradually opening up imaginative space. We believe that the future commercial potential of AI applications such as Quark has begun to emerge through the release of user value. The reason is that Quark has identified PMF (Product Market Fit), which will drive Quark to open up new incremental markets and raise the overall user base and usage to a new level. (2) Exploration of Valuation Methods for AI Applications For valuation methods of unlisted companies, investment banks generally use market approach, income approach, cost approach, and integrated approach. We believe that at the current stage of development, it is relatively appropriate to use the market approach for valuing AI applications, which has certain rationality and fairness. Among them, market approach includes market multiples, latest financing price method, and industry indicator method. The key to market approach is to find comparable assets or benchmark companies, and these assets or companies have publicly available price information in the market. Taking the market approach as an example, we will attempt to make valuation predictions for AI applications represented by Quark. Comparative Valuation: Valuation can partially refer to the latest valuations of AI applications such as Perplexity. It is reported that Perplexity's latest fundraising valuation has reached $9 billion. We calculated its valuation and monthly active user (MAU) proportionally with Quark, and based on this path, we found that the estimated volume of Quark will be much higher than that of Perplexity. SOTP (sum-of-the-parts): The market divides Quark’s functions into large language models, search tools, and "AI+office" applications, which can be used to value some of the businesses of companies such as Kunlun Tech and Kingsoft Office. Due to the existence of products such as Quark Cloud that have a large user base, the corresponding valuation should be higher than the simple sum of some business valuations. (3) The Impact on Alibaba's Market Value The increase in AI application valuation will drive the overall valuation level of Alibaba's AI related business. We believe that once the market's valuation of Ali's AI applications exceeds a certain threshold, it will trigger a reassessment of Ali's "AI-driven" strategy. Driven by the growth momentum of AI applications, the market will continue to reflect on the necessity and weight of Alibaba's "AI-driven" strategy reassessment. In this process, quantitative changes will ultimately lead to qualitative changes. The sustained and rapid growth of Alibaba's AI product user base will undoubtedly bring about a significant transformation in Alibaba's positioning and value in the capital market. We look forward to the arrival of this day. 20/11/2024 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.com

EQS Newswire / 19/11/2024 / 17:35 UTC+8 Sports industry has witnessed a rapid growth in China, following an increasingly significant role of sports-related public welfare activities in social welfare undertakings. Luo Jie, vice chairman and secretary general of the China Sporting Goods Federation (CSGF), stated that more and more companies are recognizing the importance of corporate social responsibility (CSR) and taking active measures to promote CSR, which contributes positively to the development of China's sports industry, and is in line with the concept of social responsibility (Social, S) in ESG. In fact, the ESG performance of a company is also regarded as a key indicator by many investment funds thanks to the ever-growing ESG investing in the capital market in recent years. The core of ESG investing lies in that companies that actively practice ESG principles are often considered to feature stronger risk management capabilities and long-term sustainable development potential, which is similar to value investing in essence. Therefore, these companies are also more likely to attract investors' attention. Following this logic, it deserves due attention of the value of sports-related companies that actively integrate ESG concepts with their own businesses and promote the development of sports-related public welfare activities. Crazy Sports Group Limited, a leading digital sports entertainment operator and Internet sports industry leader in China, serves as a good observation sample. Let's start from here and see what efforts this excellent ESG performer has made. Proactively Fulfilling "Triple Social Responsibility", Seeking Business for Good Crazy Sports has always been committed to closely integrating sustainable development with corporate strategy, especially in social responsibility issues, and has received high recognition for its deep investment and positive contributions in this field. Seen from its various actions in the past few years, social responsibility is the cornerstone and starting point for a digital sports and entertainment operator. The Group actively fulfills social responsibilities at a higher level in a broader sense, mainly reflected in three aspects. 1. Innovating to Meet Users' High Demand for Personalized Sports Content Rapid screening and grasping of valuable sports content from massive amounts of information has become the core demand of sports enthusiasts in the current digital age. Therefore, the development and utilization of AI have an important bearing on the people's well-being and are the driving force for serving users. Crazy Sports moves with the times and builds a powerful matrix of content + users + channels + AI big data on the basis of user purchasing behavior through leveraging the Group’s sports community with nearly 200 million users as its core and more than 20 years of professional sports lottery big data on the Zu Cai Wang website. Based on AI big data models, the Group has developed multiple functions that both meet the needs of the market and users, and further improve the user experience. The Group also boasts confidence in fulfilling its obligations to users and promoting sustainable development due to the ever-increasing importance of technological innovation as times change and core demands iterate. At present, Crazy Sports holds rich experience in technological innovation while staying ahead in research and development. The Group continues to strengthen its ability of technological innovation and transformation, and implements innovative application results step-by-step. Its AI assistant “Ruyi” not only can filter information with fast but accurate results, but also further improve the efficiency of its users in obtaining and analyzing information. It is learned that “Ruyi” is the first domestic large model AI assistant tailored in specific for “Sports + Lottery” sector in China. 2. Closely Aligned with National Policies to Lead the Development of Cultural and Sports Industries While providing users with a better experience, Crazy Sports is closely aligned with the national policies and employs its own endowments to drive the optimization and upgrading of related industries. In September of this year, the Group was once again recognized by local governments and professional organizations, and was selected for three consecutive years in the "Beijing Top 100 Private Enterprises in Cultural Industry". Behind this, the Group has capitalized on its unique "Digital + Sports" and "Sports + Entertainment" resources advantages to successfully host significant sports IP events, such as the China Foshan WBC Professional Boxing Championship, which has achieved remarkable results in promoting the development of local tourism economy and carrying forward the traditional culture. More importantly, this move has made the sports economy a new driver for local development, thereby stimulating economic vitality. In addition, the Group also upholds to the mission of “Let Sports Create Happiness”, and makes effective contributions to promoting the integration of sports and education and the healthy development of young people through public welfare promotion activities such as the national karate team entering the campus and boxing champions entering the campus. 3. Exploring Distinctive Path of Public Welfare for High Social Value Crazy Sports also keeps a close eye on the current social situation, actively participates in public welfare undertakings, and further conveys brand warmth and the power of goodness. In practical terms, the Group has formed a social responsibility strategic system with its own characteristics. The 2024 "B.Duck Happy Run" at Chengde Mountain Resort Station hosted by the Group has contributed greater efforts to promoting healthy lifestyle behaviors in exceptional children and ensuring their rights to sport. Furthermore, the Group responds to the revitalization of rural education and engages in the construction of quality education in rural schools. It has, for example, donated pianos and sports equipment to Wagou Village Primary School at Zhangfang Town of Fangshan District in Beijing. In respect of education, Crazy Sports has further deepened its cooperation with Hainan Bielefeld University of Applied Sciences (BiUH) this year, paving the way for students' career development and promoting their comprehensive growth. In September, Hainan BiUH announced that the first batch of 13 students had the opportunity to intern at Crazy Sports. These students will have the chance to gain a deeper understanding of the cutting-edge developments in software development technology, participate in actual project development, and learn about the relevant knowledge of overseas product distribution, thereby broadening their international horizons and enhancing their practical work abilities. These three aspects each have their own characteristics, while also having close internal connections, fully reflecting the feedback of Crazy Sports to stakeholders and its pursuit of business for good. Conclusion Overall, Crazy Sports' practices in the "S" sector demonstrate its deep insight into ESG concepts with positive actions. These moves not only have a positive effect on the Group, but also bring confidence to investors and enhance the Group's market competitiveness. With the increasing attention of global capital markets to ESG investing, the practices of the Group are expected to further drive its performance in the investment market. 19/11/2024 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.com

EQS Newswire / 18/11/2024 / 09:51 UTC+8 On November 12, OMODA&JAECOO announced a collaboration with Universal Pictures’ spectacular new cinematic event Wicked. Together, they are embarking on a fantastical journey into the magical world of Oz that not only showcases the brand's dedication to innovative personalization and trendsetting but also offers film and car enthusiasts a dual visual and emotional surprise. Wicked, the untold story of the witches of Oz, is based on one of the most beloved and enduring musicals in Broadway history. The film now arrives in cinemas as a visually stunning cinematic event this November. Wicked boasts an all-star cast, featuring Emmy, Grammy, and Tony Award winner and Oscar nominee Cynthia Erivo and Grammy Award-winning global superstar Ariana Grande in the lead roles. In addition, the film stars Oscar-winner Michelle Yeoh, film icon Jeff Goldblum, Olivier Award winner and Emmy nominee Jonathan Bailey, and four-time Emmy Award winner Peter Dinklage. Wicked arrives in cinemas from 22 November 2024. In Wicked, Cynthia Erivo portrays Elphaba, a young woman misunderstood because of her green skin who has yet to discover her true power. Ariana Grande plays Glinda, a popular young woman gilded by privilege who has yet to discover her true heart. As they forge an unlikely friendship, their extraordinary adventures in Oz will ultimately see them fulfill their destinies as Glinda the Good and the Wicked Witch of the West. In this collaboration, OMODA&JAECOO have specially created two car wraps themed to the film: the E5 Green Witch edition and the C5 Pink Witch edition. These wraps feature the characters of Elphaba and Glinda on each of the respective vehicles, awakening limitless imagination, and longing for the magical realm in everyone’s heart. As the film arrives in cinemas, there will be opportunities to view the specially customized Wicked-themed cars by OMODA—the E5 Green Witch Edition and C5 Pink Witch Edition. These custom-modified vehicles will allow car enthusiasts and film fans alike to experience their unique charm and extraordinary appeal firsthand. This collaboration will offer film fans and car enthusiasts an unforgettable experience and memories, building a closer bridge between the brand and its consumers. As a personalized brand committed to embracing global pioneering users, OMODA&JAECOO have always engaged with the new generation through cross-industry collaborations, creating the "O-universe" ecosystem that allows the brand and users to collide in different dimensions. About Universal Pictures’ Wicked One of the most beloved and enduring musicals on the stage, Wicked makes its journey to the big screen as a spectacular cinematic event this holiday season. Directed by acclaimed filmmaker Jon M. Chu (Crazy Rich Asians, In the Heights), Wicked is the first chapter of a two-part immersive, cultural celebration. Wicked Part Two is scheduled to arrive in cinemas on November 21, 2025. Wicked, the untold story of the witches of Oz, stars Emmy, Grammy, and Tony-winning and Oscar®-nominated powerhouse Cynthia Erivo (Harriet, Broadway’s The Color Purple) as Elphaba, a young woman misunderstood because of her green skin who has yet to discover her true power and Grammy-winning, multi-platinum recording artist and global superstar Ariana Grande as Glinda, a popular young woman gilded by privilege who has yet to discover her true heart. The two meet as students at Shiz University in the fantastical Land of Oz and forge an unlikely but profound friendship. Following an encounter with The Wonderful Wizard of Oz, their friendship reaches a crossroads and their lives take very different paths. Their extraordinary adventures in Oz will ultimately see them fulfill their destinies as Glinda the Good and the Wicked Witch of the West. The film also stars Oscar® winner Michelle Yeoh as Shiz University’s regal headmistress Madame Morrible; Olivier Award winner and Emmy nominee Jonathan Bailey (Bridgerton, Fellow Travelers) as Fiyero, a roguish and carefree prince; Tony nominee Ethan Slater (Broadway’s Spongebob Squarepants, Fosse/Verdon) as Boq, an altruistic Munchkin student; Marissa Bode in her feature-film debut as Nessarose, Elphaba’s favored sister; and pop culture icon Jeff Goldblum as the legendary Wizard of Oz. The cast includes Pfannee and ShenShen, two conniving compatriots of Glinda, played by Emmy nominee Bowen Yang (Saturday Night Live) and Bronwyn James (Harlots); a new character created for the film, Miss Coddle, played by Tony nominee Keala Settle (The Greatest Showman); and four-time Emmy winner Peter Dinklage (Game of Thrones) as the voice of Dr. Dillamond. Wicked is produced by Marc Platt p.g.a. (La La Land, The Little Mermaid), whose films, television shows, and stage productions have earned a combined 46 Oscar® nominations, 58 Emmy nominations, and 36 Tony nominations, and multiple Tony winner David Stone (Kimberly Akimbo, Next to Normal), with whom Platt produced the blockbuster Wicked stage musical. The executive producers are Stephen Schwartz, David Nicksay, Jared LeBoff, Winnie Holzman, and Dana Fox. Wicked is based on the generation-defining musical stage play with music and lyrics by legendary Grammy and Oscar® winning composer and lyricist Stephen Schwartz and a book by Winnie Holzman, from the bestselling novel by Gregory Maguire. The screenplay is by Winnie Holzman Winnie Holzman and Dana Fox. The film score is by John Powell & Stephen Schwartz, with music and lyrics by Stephen Schwartz. Marc Platt, Universal Pictures, the Araca Group, Jon B. Platt, and David Stone produced the Broadway stage musical. Company：Chery Automobile Co., Ltd Contact Person: Lulu Tao Email: Taolulu2@mychery.com Website: http://www.omodajaecoo.com/ City：Wuhu,China 18/11/2024 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.com

EQS Newswire / 15/11/2024 / 11:56 UTC+8 Abu Dhabi, UAE - November 15, 2024 - (SeaPRwire) - Compagnie Maritime Monegasque Zero Emission (CMMZE) has revealed plans for a large-scale green hydrogen production initiative. The project aims to produce 180,000 tonnes of clean hydrogen annually, primarily for export to the European market. This includes the construction of a major facility in the United Arab Emirates, complemented by additional production sites in Morocco and Tunisia. These facilities will harness solar and wind energy to power electrolysis technology, converting water into hydrogen without carbon emissions. The company will develop dedicated renewable energy sites in Nefetia Benguerdane for solar power and El Hamma for wind energy in Tunisia. Furthermore, it plans to install 250 megawatts (MW) of electrolyzer capacity at the port of Zarzis, along with processing and storage facilities. Aldo Labia, its founder, stated, "This project represents our move toward sustainable energy solutions in North Africa and Europe. We are driven to contribute to decarbonization efforts across both regions using abundant renewable resources." The annual production target of 180,000 tonnes of green hydrogen will require approximately 1.2 million megawatt-hours (MWh) of renewable electricity. This initiative aligns with the growing demand for clean energy alternatives in Europe and supports the European Union's targets for renewable energy adoption. Additionally, the project is expected to create local jobs and stimulate economic growth in the renewable energy sectors of the UAE, Morocco, and Tunisia. It will also reduce carbon dioxide emissions compared to traditional hydrogen production methods. "We will begin constructing the facilities in early 2025, with the first phase of hydrogen production expected to come online by late 2027," Labia shares. CMMZE is currently discussing long-term offtake agreements with potential European partners to guarantee a stable market for the hydrogen produced. This project builds upon CMMZE's recent success in launching North Africa's first commercial hydrogen pilot stations. These pilot projects have proven the viability of hydrogen technologies in the region and paved the way for larger-scale implementations. In a related development, Aldo Labia recently sold his shipping holding to Asian interests for $700 million. This transaction marks a shift in Labia's business portfolio and could provide additional capital to support the hydrogen initiatives. The company has also been actively forming strategic partnerships to advance its projects. These include a joint venture with Ekofin to develop a 5MW waste-to-energy hydrogen pilot station in Slovakia, acquiring a 5MW hydrogen pilot station for Abu Dhabi, and a consortium with Das Solar to develop green hydrogen projects. The global focus on renewable energy solutions continues to grow. CMMZE's large-scale green hydrogen production projects position the company as a key player in the transition towards sustainable energy. The success of this project could have far-reaching implications for the market. It could accelerate the adoption of clean energy solutions and support global efforts to reduce carbon emissions. For more information, visit https://cmmze.energy/. About CMMZE Compagnie Maritime Monegasque Zero Emission (CMMZE) is a sustainable energy solutions company dedicated to developing green hydrogen projects. Founded by Aldo Labia, CMMZE focuses on creating value-chain solutions for hydrogen production to reduce global emissions and promote a sustainable future. The company has established a strong presence in North Africa and is expanding its operations across the Middle East and Africa. CMMZE's initiatives include large-scale production facilities, pilot projects, and partnerships with industry leaders. Contact information Brand: CMMZE Contact: Aldo Labia Email: aldo.labia@cmmship.com Website: https://cmmze.energy 15/11/2024 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.com

EQS Newswire / 12/11/2024 / 17:53 UTC+8 From October 14th to October 16th, Chery's two PHEV models embarked on a 1,700+ KM journey, starting from a tour of Guangzhou's Hua'e Lou, followed by the driving challenge at Mount Longhu, and concluding with the ecological protection experience at Poyang Lake, before arriving at Chery's headquarters in Wuhu, China. With their impressive power, extended range, and efficient charging technologies, the vehicles garnered unanimous praise from invited KOCs. During the driving challenge at Mount Longhu, the Tiggo 9 PHEV and Arrizo 8 PHEV became the center of attention thanks to their remarkable power performance and intelligent control systems. Faced with the winding roads of Mount Longhu, the Tiggo 9 PHEV's 1.5T engine paired with the third-generation DHT hybrid transmission proved its prowess. The 4WD version boasted an output power of up to 450 kW and a peak torque of 915 N·m, effortlessly handling steep slopes and complex terrain, allowing drivers to experience the thrill of driving fully. The Arrizo 8 PHEV has an advanced 1.5TGDI fifth-generation hybrid engine, a market highlight due to its ultra-low fuel consumption and high performance. The engine demonstrates outstanding energy utilization with a thermal efficiency of up to 44.5%. It also delivers a maximum power of 115 kW and a peak torque of 220 N·m, ensuring a powerful and smooth driving experience. The intelligent control systems of both models played a crucial role in the driving challenge. The Tiggo 9 PHEV features an all-dimensional intelligent driving safety system equipped with 30 active safety configurations, including L2.9-level ADAS, highway navigation, and memory parking, offering comprehensive safety for drivers. Meanwhile, the Arrizo 8 PHEV, with its advanced intelligent control system, provides real-time vehicle monitoring and precise adjustments, allowing drivers to enjoy driving fun while feeling secure. During the Poyang Lake ecological protection experience, the Tiggo 9 PHEV and Arrizo 8 PHEV showcased their long-range capabilities, low energy consumption, and external power supply functions. The vehicles' range capabilities were fully displayed against Poyang Lake's expansive waters and surrounding natural scenery. The Tiggo 9 PHEV, depending on configuration, offers an all-electric range of 100/170 km, with a total range exceeding 1,400 km. The Arrizo 8 PHEV also provides a total range of over 1,400 km when fully charged, with an all-electric range exceeding 127 km. This range capability allows drivers to enjoy the natural beauty while handling long-distance travel needs easily. In the Poyang Lake ecological protection experience, both models' external power supply functions were also put to good use. Whether for outdoor camping or other power-requiring scenarios, the vehicles' external power supply functions provide stable electricity for various devices, allowing drivers to enjoy the natural surroundings with practical and convenient power solutions. Through these immersive activities, the Tiggo 9 PHEV and Arrizo 8 PHEV once again demonstrated Chery's leading position in PHEV technology with their excellent power performance, intelligent control systems, long-range capabilities, low energy consumption, and external power functions. Looking ahead, Chery will continue to uphold its brand values of green mobility, technological innovation, and family companionship, delivering more premium and eco-friendly automotive products to consumers. Company：Chery Automobile Co., Ltd. Contact Person: Chery Automobile Email: cherybrand@mychery.com Website:https://www.cheryinternational.com/ Country: China City：AnHui 12/11/2024 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.com

EQS Newswire / 13/11/2024 / 16:11 UTC+8 As digital technology rapidly evolves, a wave of "artificial intelligence integration" is sweeping through the new energy sector. The 2024 EXEED Global User Summit has just concluded, during which EXEED showcased its first high-fidelity ecological walking robot Mornine, the second-generation intelligent robotic dog Argos, and a series of derivative ecological products in its ecological exhibition hall. Through the "For Us, For Future" ecological press conference and ecological sales event, EXEED conveyed its latest smart technology and profound insights into future lifestyles to global industry leaders, partners, authoritative media, and user representatives. EXEED Sets Up High-Tech Ecological Exhibition Hall to Deliver Future Life Experience As the core exhibition area of the 2024 EXEED Global User Summit, the meticulously designed ecological exhibition hall by EXEED demonstrated how artificial intelligence technology seamlessly integrates into daily life and brings richer and more colorful life experiences to users through the robot Mornine and the robotic dog Argos. When guests entered the ecological exhibition area, they were first greeted by two robotic dogs dressed in traditional Chinese lion dance costumes, welcoming guests from around the world in a high-tech manner. Inside the exhibition area, each ecological exhibition hall was equipped with a patrolling robotic dog that closely interacted with the guests. EXEED also placed multiple robots in the ecological exhibition hall. Not only could they dance, but they also served as on-site intelligent service officers, engaging in human-robot conversations, fetching drinks, and explaining EXEED's new vehicles to guests. The highly flexible interaction capabilities of EXEED robots and robotic dogs allowed guests to personally experience the charm of EXEED's intelligent ecological products. Based on its imagination of the future, EXEED also created a rich array of ecological products revolving around the "human-vehicle-life" system, including YUFO vehicle-mounted drones, VR glasses, outdoor handheld sports cameras, binoculars, charging piles, and more. These intelligent ecological products not only showcase EXEED's innovative achievements in the field of smart technology but will also serve as a bridge connecting people with technology, the present with the future, ushering in a brand-new intelligent era for global users. EXEED Creates a Smart Technology Feast, Receiving Personal Visit from Former New Zealand Prime Minister During the ecological exhibition of the 2024 EXEED Global User Summit, the robotic dog Argos demonstrated its comprehensive innovations in intelligent interaction, sound source localization, far-field voice pickup, intelligent following, and autonomous obstacle avoidance through a three-day off-road challenge. This challenge not only tested the technological limits of the robotic dog but also provided the on-site audience with an unprecedented interactive experience. In addition, the robotic dog participated in a special event - adding a unique sense of fun to the welcome lineup for the 7 long-distance test guests at the closing ceremony of EXEED's 1100+ KM "Ultra-Endurance Challenge" from Beijing to Wuhu. On October 20, the 36th Prime Minister of New Zealand, Dame Jenny Shipley, visited the EXEED ecological exhibition area. She had a warm interaction with the welcoming robotic dog, and the moment she bent down to shake hands with Argos became a highlight of the summit. Moreover, Dame Jenny Shipley also engaged in conversations and interactions with the robots in the exhibition hall, personally experiencing their natural interaction and professional capabilities. On the last day of the summit, multiple robotic dogs precisely followed the rhythm of the music and completed a technologically-infused synchronized dance performance. The arrangement of a series of activities not only demonstrated the advanced nature and diversity of EXEED's intelligent ecological products but also highlighted its outstanding performance in innovation. AI robots, robotic dogs, drones, and other products that seem unrelated to the automotive market are actually the key to the future development of the automotive and mobility market. Leveraging its strong technological accumulation, EXEED has deployed a diversified industry around the automotive value chain, building an ecosystem that integrates future life and intelligent mobility. EXEED's forward-looking layout will undoubtedly make it a leader in the industry. Company：Chery Automobile Co., Ltd. Contact Person:lixueting Email: lixueting@mychery.com Website:https://www.exeedinternational.com/ Country:China City ：Wuhu 13/11/2024 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.com

EQS Newswire / 11/11/2024 / 15:00 UTC+8 [11 Nov 2024 – Hong Kong] Newborn Town Inc., a leading global social entertainment company (Newborn Town or the Company, stock code: SEHK 9911), was invited by the Ministry of Investment of Saudi Arabia (MISA), one of the organizers of the 8th Future Investment Initiative (FII) conference, to attend the cultural gala dinner held in the historic city, Diriyah.The FII conference, held this year from October 29 to 31, drew an impressive assembly of political and business leaders from around the globe, highlighting Saudi Arabia’s growing role in fostering international investment partnerships.The gala dinner took place at Al-Turaif, a UNESCO World Heritage Site in Diriyah, home to the first capital of the Kingdom of Saudi Arabia. The dinner commenced with an impressive light show that beautifully portrayed the Kingdom's profound history and vibrant cultural heritage. This was followed by welcome speeches delivered by prominent political and business leaders.As one of the companies engaged in Saudi Arabia's Regional Headquarters Program (RHQ), Newborn Town was honored to attend this cultural gathering and involved in profound discussions with esteemed leaders from the political and business sectors. Together, they reflected on the Kingdom's illustrious past while exploring the dynamic investment opportunities that Saudi Arabia presents today.Launched in February 2021, the Regional Headquarters (RHQ) Program is a collaborative initiative between the Ministry of Investment of Saudi Arabia (MISA) and the Royal Commission for Riyadh City (RCRC). Its objective is to invite multinational companies to set up their regional headquarters in the Kingdom of Saudi Arabia, underscoring the Kingdom's commitment to economic diversification and its support for the ambitious "Vision 2030" goals.Reports indicate that MISA has issued over 540 regional headquarters permits to foreign companies, already exceeding its 2030 target of 500 permits. In September, Newborn Town and MISA held an inauguration ceremony in Riyadh under the theme "To Connect, Explore, and Thrive Together," celebrating Newborn Town as the first global social entertainment company to establish a regional headquarters in Saudi Arabia while looking forward to a promising future for the local online social entertainment industry.Since 2017, Newborn Town has steadily expanded its footprint in the Middle East and North Africa (MENA) market, closely attuning to the social entertainment needs of local users. Through refined localization strategies, the company has built a robust ecosystem in MENA, offering a diverse social entertainment portfolio that includes products such as MICO, YoHo, TopTop, and SUGO.In late August, Newborn Town hosted the Interim Results presentation themed "The Arabian Nights" in Hong Kong, which embraced a Middle Eastern flair. The event focused on sharing the company's strategies and achievements in the MENA region. CEO Li Ping said Newborn Town's sustained investments in MENA over recent years have established substantial market barriers through localized operations. In the first half of 2024, the MENA region accounted for over 50% of Newborn Town's social networking revenue.With Vision 2030, Saudi Arabia is embracing vibrant economic growth and abundant investment opportunities. Newborn Town is committed to deepening its presence in Saudi Arabia and other MENA markets, growing alongside these key regions to unlock exceptional business opportunities and foster a prosperous future together.Beyond commercial success, Newborn Town is dedicated to creating lasting social impact in Saudi Arabia and the MENA region. The company actively upholds its corporate social responsibilities by promoting local employment, supporting vulnerable groups—including children with cancer—and aiding disaster-affected areas. Through these efforts, Newborn Town stands with the community, contributing meaningfully toward realizing Saudi Arabia’s Vision 2030.About Newborn TownNewborn Town has grown into a leading technology company which was listed on the Main Board of the Hong Kong Stock Exchange (HKEX) in 2019 under the stock code 9911. Committed to creating positive emotional values worldwide, Newborn Town has developed a diverse portfolio of applications in the social networking and entertainment sectors. Its social apps include MICO, YoHo, TopTop, SUGO and HeeSay, together with gaming products like Alice's Dream: Merge Games. These applications have achieved widespread acclaim, reaching over one billion users in over one hundred countries and regions. Newborn Town considers the Middle East and North Africa (MENA) region a key market and has also extended its influence in Southeast Asia, Europe, the United States, Japan, and South Korea. The company aims to become the world's largest social entertainment company. For enquiries, please contactDLK Advisory pr@dlkadvisory.com 11/11/2024 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.com

EQS Newswire / 11/11/2024 / 17:00 UTC+8 Dubai, UAE - November 11, 2024 - (SeaPRwire) - Shealth.AI (http://shealth.ai) is proud to announce they have secured investment from XVC Tech. Shealth.AI harnesses advanced Artificial Intelligence (AI) to revolutionize diagnostics, gaining early traction among hospitals and diagnostic center. This milestone marks XVC Tech's first foray into AI-driven healthcare, a natural extension following their success with AI tools like CodeRun.AI, which provides XDC Network developers with comprehensive technical and code generation support. CodeRun.AI has gained popularity among XDC Network developers, helping them build, deploy, and optimize smart contracts and dApps efficiently. XVC Tech, a leading venture capital firm founded by Atul Khekade and Ritesh Kakkad of XDC Network, a $1 billion decentralized computing layer used in applications such as banking, payments, trade finance, and more has made a strategic entry into the healthcare technology sector with its investment in Shealth.AI. While the valuation details of this investment remain undisclosed, Shealth.AI's MVP is recognized as a game-changer, utilizing AI for rapid and precise diagnostics with nearly 99% accuracy in imaging-based assessments. Hospitals and labs benefit from Shealth.AI's advanced, privacy-focused AI solutions, which are positioned to enhance clinical efficiency and improve patient care outcomes. A significant driver behind XVC Tech's investment is Shealth.AI's commitment to user data privacy, a crucial factor amid heightened regulations such as the General Data Protection Regulation (GDPR) and other international data protection laws. Unlike many AI healthcare solutions that rely on public or external data storage, Shealth.AI ensures data protection by storing user information securely within the organization's on-premises cloud infrastructure. This approach not only enhances privacy compliance but also provides organizations with full control over their data, aligning perfectly with evolving legal standards in healthcare data protection. "XVC Tech is thrilled to support Shealth.AI's mission to make healthcare more precise, efficient, and accessible while prioritizing data privacy," said Aneri Merchant, Investment Manager from XVC Tech. She added "Our initial funding and technical guidance have helped Shealth.AI leverage AI to impact the healthcare industry meaningfully. With Shealth.AI's GDPR-compliant infrastructure, hospitals and diagnostics companies can confidently integrate AI into their operations without compromising patient data security." Ms. Sheetal Chand, Founder and Chief Scientist of Shealth.AI, added, "The support from XVC Tech has been invaluable. Our MVP is already making strides in diagnostic accuracy, and we're just beginning. Together, we aim to revolutionize healthcare diagnostics, enhance patient experiences, and set a new standard for data privacy in healthcare through our advanced AI-driven solutions." This partnership highlights XVC Tech's dedication to advancing Artificial Intelligence across industries, from XDC Network's developer support tool in blockchain to groundbreaking healthcare innovations, reinforcing their commitment to the future of AI-driven solutions that prioritize data privacy and compliance. Furthermore, XVC Tech is actively seeking strategic partners and co-investors to expand Shealth.AI's groundbreaking technology on a global scale, ensuring the product's transformative potential reaches healthcare systems worldwide. Shealth.AI is actively open for partnerships with healthcare institutions and hospitals, as well as strategic investment opportunities, to accelerate the integration of its AI-driven diagnostic solutions across the healthcare landscape. This aligns with our vision of collaborative growth, leveraging strategic partnerships to bring Shealth.AI's transformative technology to healthcare providers worldwide. Contact Details Sarah Johnson Director of Communications at Shealth.AI sarah.johnson@shealth.ai Website: https://shealth.ai 11/11/2024 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.com

EQS Newswire / 11/11/2024 / 12:56 UTC+8 Sun Hung Kai & Co. Limited (SEHK: 86, "SHK & Co.") is pleased to announce the launch of its new mortgage portfolio services. This initiative focuses on managing a residential mortgage portfolio recently acquired by institutional investors. Sun Hung Kai Credit Limited (“SHK Credit”), a subsidiary of SHK & Co. and a leading non-bank property mortgage provider in Hong Kong, will offer comprehensive administrative services and institutional-grade portfolio performance monitoring to these investors. As the Hong Kong property market begins to stabilise, developers are increasingly focusing on the sale of residential units and optimising their balance sheets. This has led to more developers divesting their residential mortgage portfolios and outsourcing their mortgage administration and servicing to third party service providers. Gigi Wong, Head of Business Development, Real Estate and Private Credit at SHK & Co., shared her views, “As the cost of capital for mortgage portfolios is likely to rise, we anticipate an increase in mortgage portfolio disposals. Residential mortgage portfolio investments present a compelling opportunity to integrate our retail mortgage platform with our institutionalised private credit platform. This approach facilitates effective portfolio management and when leveraging our own capital, it would align our interests with those of our investors. SHK & Co. has been active in alternative investments, particularly private credit, for many years. With Hong Kong being one of our core markets, we are excited about this new initiative. We look forward to collaborating with prospective mortgage portfolio investors and developers going forward.” - End - About Sun Hung Kai & Co. Sun Hung Kai & Co. Limited (SEHK: 86) (“SHK & Co.” / the “Company”, together with its subsidiaries, the “Group”) is a leading Hong Kong-based financial institution recognised for its expertise in alternative investments and wealth management. Since 1969, the Company has built a diversified investment portfolio across public markets, credit and alternatives strategies including real estate and private equity, delivering long-term risk-adjusted returns. Leveraging on its deep-rooted Asian heritage, SHK & Co. supports and nurtures specialist emerging asset managers in the region, empowering them to excel. SHK & Co. also utilises its long-standing investment expertise and resources in providing tailored investment solutions to like-minded partners and ultra-high-net-worth investors through its Family Office Solutions. As at 30 June 2024, the Group held about HK$39.5 billion in total assets. For more information about SHK & Co., please visit www.shkco.com / follow the Company on LinkedIn. For media enquiries, please contact: Hill and Knowlton Joanne Lam +852 9839 6552 Sidney Leng +852 5443 4320 Lynn Zhang +852 9794 5751 Email: SHKCo@hkstrategies.com 11/11/2024 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.com

EQS Newswire / 07/11/2024 / 04:00 MSK At the meeting with the President of Kazakhstan Kassym-Jomart Tokayev, held last week as a part of the 36th plenary session of the Foreign Investors’ Council in Astana, Vitaly Nesis, CEO of Solidcore Resources plc (“Solidcore” or the “Company”), outlined the Company's performance and investment plans, including construction of Ertis hydrometallurgical complex (EPOX) in Pavlodar and development of Syrymbet polymetallic deposit in North-Kazakhstan region. EPOX “EPOX is our flagship development project”, said Vitaly Nesis. “It will process refractory and double-refractory gold concentrates using autoclave oxidation technology. This is a unique technology recognized as the safest and most sustainable in the hydrometallurgical industry.” Mr. Nesis also elaborated on the ongoing pre-project preparation for construction. The plant will be located in the special economic zone “Pavlodar” with design processing capacity of 300 Kt of concentrate per year. It is expected to produce gold dore bars with up to 98% gold purity. Once in operation, the facility will create about 500 new jobs in the region. The planned investments are estimated at approx. US$ 800 million, which will be financed through a combination of the Company’s existing cash resources and funding from development banks and international financial institutions. SYRYMBET Vitaly Nesis also informed President Tokayev about the Company's acquisition of a 55% interest in Syrymbet, an undeveloped polymetallic deposit located in North-Kazakhstan region. “Syrymbet is a polymetallic deposit with tin as a major component, which perfectly fits our strategy of enhancing and diversifying Solidcore’s exposure to the green transition. Management believes the project will benefit from the Company’s execution expertise and successful track record in out-of-the box processing strategies”, he said. Solidcore will refine the existing approach to processing to accelerate path to production, optimise capital expenditures and reduce the environmental footprint of the project. The project will bring about social investments in the region and create a significant number of permanent jobs with a focus on the local workforce. LABORATORY “With the growing volume of geological exploration work carried out by the Company, we decided to establish our own geological fire assay laboratory to facilitate analysis and evaluation processes”, said Vitaly Nesis. The laboratory will be located in the special economic zone “Saryarka”. Commissioning is scheduled for the end of the next year. It will have a processing capacity of 200,000 samples annually and will create about 100 jobs for highly qualified specialists. PERSONNEL DEVELOPMENT With 2025 declared the Year of Working Professions in Kazakhstan, Vitaly Nesis also highlighted the Company’s initiatives in training and development of workforce in the regions of Solidcore’s presence. A notable example is the Company’s collaboration with local authorities to develop Zharma Technological College in Abai region. The College has been equipped with modern educational tools, including excavator and dump truck simulators, as well as machinery and other training equipment. President Kassym-Jomart Tokayev emphasized the importance of the Company’s efforts for Kazakhstan’s mining sector. Enquiries Investor Relations Media Kirill Kuznetsov Alina Assanova +7 7172 47 66 55 (Kazakhstan) ir@solidcore-resources.com Yerkin Uderbay +7 7172 47 66 55 (Kazakhstan) media@solidcore-resources.kz FORWARD-LOOKING STATEMENTS This release may include statements that are, or may be deemed to be, “forward-looking statements”. These forward-looking statements speak only as at the date of this release. These forward-looking statements can be identified by the use of forward-looking terminology, including the words “targets”, “believes”, “expects”, “aims”, “intends”, “will”, “may”, “anticipates”, “would”, “could” or “should” or similar expressions or, in each case their negative or other variations or by discussion of strategies, plans, objectives, goals, future events or intentions. These forward-looking statements all include matters that are not historical facts. By their nature, such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond the company’s control that could cause the actual results, performance or achievements of the company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding the company’s present and future business strategies and the environment in which the company will operate in the future. Forward-looking statements are not guarantees of future performance. There are many factors that could cause the company’s actual results, performance or achievements to differ materially from those expressed in such forward-looking statements. The company expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained herein to reflect any change in the company’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based. 07/11/2024 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.com

EQS Voting Rights Announcement: Global Fashion Group S.A. RELEASE ACCORDING TO ARTICLE 11 SECTION 6 OF THE LUXEMBOURG TRANSPARENCY LAW AND SECTION 40 PARAGRAPH 1 OF THE GERMAN SECURITIES TRADING ACT (WPHG) 07.11.2024 / 02:05 CET/CEST Dissemination of a Voting Rights Announcement transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. ANNEX A: Standard form for notification of major holdings Form to be used for the purposes of notifying a change in major holdings pursuant to the amended law and Grand-ducal Regulation of 11 January 2008 on transparency requirements for issuers (referred to as “the Transparency Law” and “the Transparency Regulation”) NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the CSSF)i 1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii: Global Fashion Group SA (LU2010095458) 2. Reason for the notification (please tick the appropriate box or boxes): ☒ An acquisition or disposal of voting rights ☐ An acquisition or disposal of financial instruments ☐ An event changing the breakdown of voting rights ☒ Other (please specify)iii: voluntary notification with triggered threshold on subsidiary level 3. Details of person subject to the notification obligationiv: Name: UBS Group AG, Zurich, Switzerland City and country of registered office (if applicable): 4. Full name of shareholder(s) (if different from 3.)v: 5. Date on which the threshold was crossed or reachedvi: 31.10.2024 6. Total positions of person(s) subject to the notification obligation: % of voting rights attached to shares (total of 7.A) % of voting rights through financial instruments (total of 7.B.1 + 7.B.2) Total of both in % (7.A + 7.B) Total number of voting rights of issuervii Resulting situation on the date on which threshold was crossed or reached 0.73 % 5.09 % 5.83 % 225,642,912 Position of previous notification (if applicable) 0.33 % 5.10 % 5.45 % 7. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii: A: Voting rights attached to shares Class/type ofshares ISIN code (if possible) Number of voting rightsix % of voting rights Direct (Art. 8 of the Transparency Law) Indirect (Art. 9 of the Transparency Law) Direct (Art. 8 of the Transparency Law) Indirect (Art. 9 of the Transparency Law) LU2010095458 0 1,655,085 0% 0.73 % SUBTOTAL A(Direct & Indirect) 1,655,085 0.73 % B 1: Financial Instruments according to Art. 12(1)(a) of the Transparency Law Type of financial instrument Expirationdatex Exercise/ Conversion Periodxi Number of voting rights that may be acquired if the instrument is exercised/ converted. % of voting rights Right of use over shares At any time 9,675,899 4.28% SUBTOTAL B.1 9,675,899 4.28 % B 2: Financial Instruments with similar economic effect according to Art. 12(1)(b) of the Transparency Law Type of financial instrument Expirationdatex Exercise/ Conversion Periodxi Physical or cash settlementxii Number of voting rights % of voting rights Convertible Bonds (DE000A3KMT51) 15/03/2028 26/04/2021-05/01/2028 Physical 1,837,928 0.81 % SUBTOTAL B.2 1,837,928 0.81 % 8. Information in relation to the person subject to the notification obligation: (please tick the applicable box) ☐ Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer.xiii ☒ Full chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please provide a separate organisational chart in case of a complex structure): N° Namexv % of voting rights held by ultimate controlling person or entity or held directly by any subsidiary if it equals or is higher than the notifiable threshold % of voting rights through financial instruments held by ultimate controlling person or entity or held directly by any subsidiary if it equals or is higher than the notifiable threshold Total of both Directly controlled by (use number(s) from 1st column) see attachment % % % % % % % % % % % % % % % 9. In case of proxy voting: N/AThe proxy holder named will cease to hold % and number of voting rights as of . 10. Additional informationxvi: N/A Done at Zurich On 31.10.2024 Attachment to: 8. (Full chain of controlled undertakings starting with the ultimate controlling natural person or legal entity) Name % of voting rights held by ultimate controlling person or entity or held directly by any subsidiary if it equals or is higher than the notifiable threshold % of voting rights through financial instruments held by ultimate controlling person or entity or held directly by any subsidiary if it equals or is higher than the notifiable threshold Total of both UBS Group AG UBS AG 5.02% UBS Switzerland AG UBS Group AG UBS AG 5.02% UBS Asset Management AG UBS Asset Management (Europe) S.A. UBS Group AG UBS AG 5.02% UBS Asset Management AG UBS Asset Management Switzerland AG Notes: i Please note that national forms may vary due to specific national legislation (Article 3(1a) of Directive 2004/109/EC) as for instance the applicable thresholds or information regarding capital holdings. ii Full name of the legal entity and further specification of the issuer or underlying issuer, provided it is reliable and accurate (e.g. address, LEI, domestic number identity). iii Other reason for the notification could be voluntary notifications, changes of attribution of the nature of the holding (e.g. expiring of financial instruments) or acting in concert. iv This should be the full name of (a) the shareholder; (b) the natural person or legal entity acquiring, disposing of or exercising voting rights in the cases provided for in Article 9 (b) to (h) of the Transparency Law; or (c) the holder of financial instruments referred to in Article 12(1) of the Transparency Law. As the disclosure of cases of acting in concert may vary due to the specific circumstances (e.g. same or different total positions of the parties, entering or exiting of acting in concert by a single party) the standard form does not provide for a specific method how to notify cases of acting in concert. In relation to the transactions referred to in points (b) to (h) of Article 9 of the Transparency Law, the following list is provided as indication of the persons who should be mentioned: - in the circumstances foreseen in letter (b) of Article 9 of that Law, the natural person or legal entity that acquires the voting rights and is entitled to exercise them under the agreement and the natural person or legal entity who is transferring temporarily for consideration the voting rights; - in the circumstances foreseen in letter (c) of Article 9 of that Law, the natural person or legal entity holding the collateral, provided the person or entity controls the voting rights and declares its intention of exercising them, and natural person or legal entity lodging the collateral under these conditions; - in the circumstances foreseen in letter (d) of Article 9 of that Law, the natural person or legal entity who has a life interest in shares if that person or entity is entitled to exercise the voting rights attached to the shares and the natural person or legal entity who is disposing of the voting rights when the life interest is created; - in the circumstances foreseen in letter (e) of Article 9 of that Law, the controlling natural person or legal entity and, provided it has a notification duty at an individual level under Article 8, under letters (a) to (d) of Article 9 of that Law or under a combination of any of those situations, the controlled undertaking; - in the circumstances foreseen in letter (f) of Article 9 of that Law, the deposit taker of the shares, if he can exercise the voting rights attached to the shares deposited with him at his discretion, and the depositor of the shares allowing the deposit taker to exercise the voting rights at his discretion; - in the circumstances foreseen in letter (g) of Article 9 of that Law, the natural person or legal entity that controls the voting rights; - in the circumstances foreseen in letter (h) of Article 9 of that Law, the proxy holder, if he can exercise the voting rights at his discretion, and the shareholder who has given his proxy to the proxy holder allowing the latter to exercise the voting rights at his discretion (e.g. management companies). v Applicable in the cases provided for in Article 9 (b) to (h) of the Transparency Law. This should be the full name of the shareholder who is the counterparty to the natural person or legal entity referred to in Article 9 of that Law unless the percentage of voting rights held by the shareholder is lower than the 5% threshold for the disclosure of voting rights holdings (e.g. identification of funds managed by management companies). vi The date on which threshold is crossed or reached should be the date on which the acquisition or disposal took place or the other reason triggered the notification obligation. For passive crossings, the date when the corporate event took effect. vii The total number of voting rights shall be composed of all the shares, including depository receipts representing shares, to which voting rights are attached even if the exercise thereof is suspended. viii If the holding has fallen below the 5% threshold, please note that it is not necessary to disclose the extent of the holding, only that the new holding is below that threshold. ix In case of combined holdings of shares with voting rights attached 'direct holding' and voting rights 'indirect holding', please split the voting rights number and percentage into the direct and indirect columns – if there is no combined holdings, please leave the relevant box blank. x Date of maturity/expiration of the financial instrument i.e. the date when right to acquire shares ends. xi If the financial instrument has such a period – please specify this period – for example once every 3 months starting from [date]. xii In case of cash settled instruments the number and percentages of voting rights is to be presented on a delta-adjusted basis (Article 12(2) of the Transparency Law). xiii If the person subject to the notification obligation is either controlled and/or does control another undertaking then the second option applies. xiv The full chain of controlled undertakings starting with the ultimate controlling natural person or legal entity also has to be presented in the cases in which only on subsidiary level a threshold is crossed or reached and the subsidiary undertaking discloses the notification as only then the market always gets the full picture of the group holdings. In case of multiple chains through which the voting rights and/or financial instruments are effectively held the chains have to be presented chain by chain leaving a row free between different chains (e.g.: A, B, C, free row, A, B, D, free row, A, E, F etc.). Numbers shall be attributed to all persons or entities within the group in column 1 in order to allow a clear indication of the control structure in column 6. The names of all undertakings of the control chain shall be provided in column 2, even if the number of the directly held voting rights and/or financial instruments is not equal or higher than the notifiable threshold. Columns 3 & 4 shall indicate the holdings of those persons or entities directly holding the voting rights and/or financial instruments if the holding is equal or higher than the notifiable threshold. xv The names of controlled undertakings through which the voting rights and/or financial instruments are effectively held have to be presented irrespectively whether the controlled undertakings cross or reach the lowest applicable threshold themselves. xvi Example: Correction of a previous notification. 07.11.2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.Archive at www.eqs-news.com Language: English Company: Global Fashion Group S.A. 5, Heienhaff L-1736 Senningerberg Luxemburg Internet: https://global-fashion-group.com End of News EQS News Service 2024327 07.11.2024 CET/CEST

EQS Newswire / 06/11/2024 / 17:54 UTC+8 Recently, Chery Group reached a monumental moment in its journey. In four countries—Egypt, Brazil, Kazakhstan, and Malaysia—Chery vehicles rolled off production lines simultaneously. At the same time, a celebration was held at the Wuhu manufacturing base in China to commemorate the milestone of the 15 millionth vehicle. This series of remarkable achievements signifies Chery's leap across five continents and weaves together an extraordinary 15-million vehicle roll-off event that transcends borders. At the 15-million vehicle roll-off ceremony, Yin Tongyue, Chairman of Chery Group, remarked: "From 1 to 15 million, it is not just a growth in product quantity or a breakthrough in Chery's speed, but an unyielding innovation to turn the impossible into the possible and to turn the possible into even greater possibilities." Looking ahead to the next 15 million, Chery will focus on the user, build on technology, and take globalization as the direction, striving not only for sales growth but also for advancements in quality, structural optimization, and brand value, bringing global users more delightful, diverse, and differentiated brand options.TIGGO 8 Shines Globally, Adding Brilliance to the 15 Millionth Vehicle Milestone CelebrationDuring the global synchronized roll-off ceremony, the TIGGO 8 rolled off the production line at Chery's Brazil manufacturing base, becoming an integral part of the 15-million milestone achievement. In terms of sales, the TIGGO 8 series has achieved over 1 million global sales, gaining recognition from urban elites worldwide. Additionally, various models of the TIGGO 8 series continue to sell well and gain widespread trust in markets such as Brazil, South Africa, Saudi Arabia, and Ecuador. Since its debut in Brazil in 2020, the TIGGO 8 has received high praise, winning recognition from authoritative institutions and the favor of consumers. It maintains strong sales momentum in Brazil and has become an official reception vehicle for the Brazilian president and a key government procurement vehicle.With globally recognized quality and performance, the TIGGO 8 series has also won multiple awards, including South Africa's "2023 Motor Enthusiasts Choice" award, Mexico's "Top Midsize SUV" and the Philippines' "Best Midsize Crossover in 19th Annual C!" award.Global Sales: From 0 to 15 Million, Chery's Momentum AcceleratesOn December 18th, 1999, Chery's first vehicle rolled off the line. From 0 to 15 million, Chery has maintained its position as China's top passenger car exporter for 21 consecutive years, expanding its business to over 100 countries and regions. From January to September 2024, Chery Group sold 1,752,793 units, representing a 39.9% year-over-year increase, 93% of its total sales for 2023. Of this, exports reached 829,353 units, marking a 24.5% year-over-year increase, making Chery the only automotive company to achieve dual growth in domestic and overseas markets. As of now, Chery has amassed 15 million global users.Chery has adhered to a "dual-track" approach in both domestic and international markets, achieving dual growth, with exports accounting for nearly 50% of total sales, showcasing its competitiveness in the global arena. At the same time, Chery has demonstrated strong growth momentum in ICE and NEV. Fuel vehicle sales saw a year-on-year increase of 24.9%, Meanwhile, new energy models have surged with a staggering year-on-year growth rate of 186%.Global Products: Cars That Meet the Needs of World UsersWith its global presence, high-standard R&D, stringent quality control, and excellent product performance, Chery has become a truly global car manufacturer that meets the diverse needs of users worldwide. Chery has established eight major R&D centers and over 300+ laboratories globally, bringing together more than 25,000 top R&D experts to form a strong "scientific elite team" dedicated to solving the mobility needs of new-era users.From global product planning, design, and development to supply chain management, production, marketing, service, and quality system establishment, Chery adheres to a unified system and quality management standard, ensuring synchronized quality upgrades across global products. Through rigorous testing in extreme conditions worldwide, such as the steep slopes of South America in Brazil, the high humidity and heavy rain of Indonesia, the extreme heat of the Middle East, the autobahns of Germany, and China's vast geographic span, Chery vehicles have demonstrated their exceptional adaptability and reliability.The Chery TIGGO series has been a standout in global markets, with the TIGGO series being named the "2023 Global Sales Champion for Chinese Brand Fuel SUVs." Furthermore, the TIGGO 7 has held the title of the top export champion in the Chinese brand A-segment SUV category for three consecutive years. Many of Chery's celebrated models, tested by global standards, were showcased at the Global Innovation Day event, including the TIGGO 8 Rally champion car. Deepening International Cooperation,Co-create a New Future of High-Quality Global ExpansionWhile rapidly expanding in overseas markets, Chery is also building a high-quality, sustainable "going global" model. Adhering to the international development philosophy of "In somewhere, For somewhere," Chery collaborates openly with overseas partners to share achievements. With a commitment to being a top performer in global ESG construction and embracing the concept of being a good global corporate citizen, Chery has gained wider recognition and support in overseas markets. The 2024 Chery International User Summit exemplifies Chery's international influence. The launch of exciting events like Global Innovation Conference(CGIC), International User Summit, Ecology Exhibition and ESG Global Community allows guests worldwide to deeply appreciate Chery's outstanding achievements and firm determination in technology innovation, environmental construction, and public welfare. These events showcase Chery's latest technological achievements and cutting-edge ecological concepts and highlight its responsibility and leadership as a global corporate citizen.In the face of this magnificent milestone, Chery Group celebrates the rollout of its 15 millionth vehicle and embarks on a new chapter in its globalization development. Behind these impressive numbers lies the crystallization of Chery's 27 years of relentless effort and the testimony of trust and support from 15 million global users. Looking to the future, Chery will continue to deepen international cooperation and produce more global vehicles that meet users' needs worldwide.Company：Chery Automobile Co., Ltd.Contact Person: Chery AutomobileEmail: cherybrand@mychery.comWebsite:https://www.cheryinternational.com/Country: ChinaCity：AnHui 06/11/2024 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.com

EQS Newswire / 06/11/2024 / 17:47 UTC+8 The 2024 EXEED Global User Summit was held from October 17 to October 21 in Wuhu, China, celebrating the high-end automotive brand EXEED’s commitment to user-centered values. Centered around the theme “For Us, For Future,” the event featured a series of interactive activities showcasing EXEED’s advanced technological achievements, user ecosystem, future strategies, and commitment to sustainability. EXEED Hosts User Experience Events with Global Guests to Showcase Quality and Strength At the 2024 EXEED Global User Summit, EXEED invited global users, leading distributors, and industry media to Wuhu to join and experience three signature activities: the “Super Guardian Experience Tour,” the “Ultra-long Endurance Challenge,” and the “Future Mobility Experience Day.” The EXEED RX PHEV, EXEED ELANTIX ES REEV, EXEED ELANTIX ET REEV, and ET BEV models designed for international markets successfully met rigorous tests in range, safety, and intelligence, demonstrating EXEED’s commitment to exceptional product performance. On October 18, EXEED’s parent company, Chery Group, hosted the Global Innovation Conference under the theme “Technology, Intelligent Drive into the Future.” Chery Group Chairman Yin Tongyue emphasized that innovation is the soul of Chery and a necessity for progress. Through continuous innovation in products and services, Chery elevates the brand, achieving its vision of high-quality, sustainable growth. As Chery's premium brand, EXEED also carries forward this innovative philosophy. Leveraging the group's over 20 years of deep expertise and keen insights into customer needs, EXEED actively incorporates user feedback, striving to create high-quality products that precisely align with market demands. During this summit, EXEED held a series of product experience and technology showcase events closely related to users, deepening their perception of the brand. These activities effectively highlighted EXEED’s outstanding quality and pioneering spirit, showcasing its vision and commitment as an industry leader. Through these efforts, EXEED is progressively shaping a global brand image centered on users and driven by innovation. EXEED Shapes a New Luxury Ecosystem, Enhancing Users' Lifestyles At the 2024 EXEED Global User Summit, discussions and showcases around the brand’s ecosystem emerged as a conference highlight, underscoring EXEED’s advanced understanding of luxury and future-forward approach to brand ecosystem development. On October 18, the EXEED Ecosystem Launch event gathered global user representatives, partners, industry leaders, and media to witness EXEED’s latest innovations in new energy, safety, and intelligent technology. During the event, EXEED honored seven participants of the “Ultra-long Endurance Challenge” as “Global Experience Ambassadors,” highlighting the importance of user feedback and users’ central role in brand growth. EXEED CEO Qin Chao noted, “In the past five years, EXEED has not only gained recognition in international markets but also won the trust of over 200,000 users worldwide. This achievement stems from our ongoing investment in our premium brand positioning and our deep attention to user feedback.” The company aims to create a “People + Vehicle + Life” luxury ecosystem, making EXEED part of a high-end lifestyle. Moving forward, EXEED will embrace new energy development, strive to lead the REEV segment, and deliver premium mobility solutions. The company will also deepen cooperation with global KOCs to explore sustainable luxury ecosystem values. EXEED Drives Green Tech and Builds a Sustainable Future with Users As Corporate Social Responsibility (CSR) and Environmental, Social, and Governance (ESG) factors gain increasing global attention, EXEED demonstrates its leadership and commitment as a premium automotive brand in these areas. EXEED’s ESG strategy not only underscores its dedication to sustainable development but also reflects its firm resolve to actively fulfill social responsibilities worldwide. Through practical initiatives and collaborative projects, EXEED is striving to lead in environmental protection, social contribution, and sound governance, working together with its global users to build a greener, smarter, and more sustainable future. On October 20,EXEED’s parent company, officially signed an agreement with the International Union for Conservation of Nature (IUCN). With an investment of $3.5 million, the “Cherish Nature” Chery X IUCN Global Cooperation Project was launched. Over 2,000 users, partners, and media representatives from 49 countries gathered in Wuhu to participate in a green public cycling event, showing their support for Chery's environmental initiatives. Chery Group Chairman Yin Tongyue emphasized during the event: “A true global enterprise goes beyond international trade and market expansion. It requires a globalized business philosophy, a sense of responsibility, and value contribution. Chery aims to establish itself as a ‘world-class green and intelligent mobility technology company.’” Ban Ki-moon expressed gratitude to Chery Group for its significant and ongoing contributions to public welfare in environmental protection, education, and more. Dame Jenny Shipley highly praised Chery Group for its commitment as a global corporate citizen. She called for more people to join hands with industry leaders like Chery, sharing in the joy of success and opening a new chapter of mutual benefit and win-win achievements. Zhang Shengshan, Deputy General Manager of Chery Automobile Co., Ltd. International, stated: “Chery’s ESG journey involves all our partners, customers, employees, and especially Chery users; we aim to shape the future together.” Zhang also announced Chery's third initiative—Chery Global ESG Community—following the Green Public Welfare Fund and Water Protection initiatives. This community reflects Chery’s commitment to building a better world with all stakeholders. With the successful conclusion of the 2024 EXEED Global User Summit, EXEED not only showcased its exceptional achievements in user experience, ecological innovation, and corporate responsibility but also strengthened its connection with users, reinforced the brand’s core values, and demonstrated its deep insights and firm commitment to the future of mobility ecosystems. EXEED's journey is far from over. Upholding its philosophy of "New Luxury, New Energy, New Ecosystem," EXEED will continue to partner with global users to explore and shape a sustainable future mobility ecosystem. Amid the wave of smart and new energy technologies, EXEED leads the industry forward with its spirit of innovation and user-centered values, bringing users a greener, smarter, and more luxurious travel experience. Company：Chery Automobile Co., Ltd. Contact Person:lixueting Email: lixueting@mychery.com Website:https://www.exeedinternational.com/ Country:China City ：Wuhu 06/11/2024 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.com

EQS Newswire / 04/11/2024 / 10:23 UTC+8 Hangzhou, China - November 04, 2024 - (SeaPRwire) - HIKMICRO announced its new 1280x1024 thermal imaging technology through two key products: the STELLAR 3.0 SX60L thermal scope and HABROK Pro HX60L(N) binocular. The timing aligns perfectly with the growing demand from hunters and wildlife managers for more precise ethical hunting and conservation tools. The STELLAR 3.0 SX60L showcases exceptional performance in challenging conditions, particularly during dawn and dusk. The scope's 60mm F1.0 lens, paired with the new 1280x1024 thermal detector, identifies heat signatures up to two miles away—roughly 24 football fields. What truly distinguishes this scope is its clarity in critical moments when traditional optics fail. With thermal sensitivity capable of detecting temperature differences of less than 18mK, hunters can clearly distinguish between wildlife even in complete darkness, through fog, or in heavy brush. This technology surpasses traditional night vision by penetrating environmental obstacles that typically impair other optical devices. Conservation officers and professional hunters can use these thermal imaging capabilities beyond basic target identification. The technology enables wildlife surveys and habitat management by detecting heat signatures through dense foliage and darkness, allowing for accurate population counts and behavior studies without disturbing natural patterns. HIKMICRO has integrated a laser rangefinder capable of measuring distances up to 1000 meters, adding crucial precision to long-range hunting. Combined with an optimized ballistic calculator, this feature ensures more ethical shots by providing hunters with precise distance and trajectory information, reducing the risk of wounding animals. "This technology represents a significant advancement in how we approach both hunting and wildlife management," says Stefan Li, CEO of HIKMICRO. "We're providing tools that enhance both hunting efficiency and conservation efforts while promoting ethical practices in the field." HIKMICRO's manufacturing capability of 1.7 million pieces annually in its 12,000-square-foot facility demonstrates its commitment to making this advanced technology widely accessible, particularly beneficial for regions dealing with wildlife overpopulation or invasive species management. For more information about HIKMICRO's new thermal imaging products, visit https://www.hikmicrotech.com/en/. About HIKMICRO HIKMICRO is a global leader in thermal imaging technology, dedicated to providing innovative solutions for outdoor enthusiasts, law enforcement, and industrial applications. Focusing on advanced research and development, HIKMICRO continues to set new standards in the thermal imaging industry. Contact Information Brand: HIKMICRO Contact: Lina Wang Email: wanglina21@hikmicrotech.com Website: https://www.hikmicrotech.com/en/ 04/11/2024 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.com

EQS Newswire / 01/11/2024 / 13:06 UTC+8 Sun Hung Kai & Co. Limited (SEHK: 86) (“SHK & Co.”) and its licensed funds management arm, Sun Hung Kai Capital Partners Limited (“SHK Capital Partners”), are pleased to announce their commitment to the ActusRayPartners Japan Alpha Fund, which went live on 26 September 2024. This is in addition to SHK & Co.’s ongoing investments in ActusRayPartners’ Asian and European strategies. Other existing clients of ActusRayPartners have also expressed early interest in the Japan strategy.The equity long/short near market-neutral strategy seeks to generate alpha by identifying and capturing inefficiencies in the Japan equity market. ActusRayPartners employs its Discretionary Probabilistic Investing process, which combines a quantitative base with discretionary adjustments to address quantitative deficiencies.This marks the third alpha strategy launched by ActusRayPartners, following the successful European strategy initiated in 2020 and Asian strategy launched in 2022. The European strategy received the HFM European Performance Award in 2023 and 2024 respectively, and the Asian strategy received the HFM APAC Performance Award in 2024. ActusRayPartners is a Hong Kong-headquartered asset management company equally co-founded by Andrew Alexander, Raymond Chan, and Patrick Cheung in 2019. Several members of the team previously worked together in the Quantitative Hedge Funds division of Macquarie Group. As of today, ActusRayPartners comprises of 27 colleagues based in Hong Kong and Sydney, managing over US$700 million across Asia, Europe, and Japan.Tony Edwards, Deputy CEO of SHK & Co., stated, "Congratulations to ActusRayPartners on the launch of their new fund. Since 2020, SHK & Co. has seeded and supported ActusRayPartners, and this further commitment reinforces our confidence in their capabilities and aligns with our investment objectives."“The launch of the Japan Alpha strategy represents an exciting milestone for us. We would like to express our gratitude to SHK & Co. for their continued support over the years,” said the co-founders of ActusRayPartners. “We are eager to employ our proprietary Discretionary Probabilistic Investing process in the pursuit of alpha for our investors in the Japan equity market.”Goldman Sachs and Morgan Stanley are the prime brokers for the ActusRayPartners Japan Alpha Fund. Morgan Stanley Fund Services and PricewaterhouseCoopers Cayman Islands are the administrator and auditor respectively. Clifford Chance and Walkers are the international and Cayman counsel respectively. – End – About ActusRayPartnersActusRayPartners is a Hong Kong-headquartered asset management company equally co-founded by Andrew Alexander, Raymond Chan, and Patrick Cheung in 2019. Several members of the team previously worked together in the Quantitative Hedge Funds division of Macquarie Group. As of today, ActusRayPartners comprises of 27 colleagues based in Hong Kong and Sydney, managing over US$700 million across Asia, Europe, and Japan.ActusRayPartners employs a Discretionary Probabilistic Investing process which is a synthesis of: (1) a quantitative base, and (2) discretionary adjustments to address quantitative deficiencies. The quantitative base uses fundamental, sentiment, technical and alternative data, and employs advanced statistics, natural language processing and artificial intelligence techniques. The discretionary work focuses on addressing challenges with purely systematic processes and is not fundamental, macro or flow driven.About Sun Hung Kai & Co and Sun Hung Kai Capital PartnersSun Hung Kai & Co. Limited (SEHK: 86) (“SHK & Co” / the “Company”, together with its subsidiaries, the “Group”) is a leading Hong Kong-based financial institution recognised for its expertise in alternative investments and wealth management. Since 1969, the Company has built a diversified investment portfolio across public markets, credit and alternatives strategies including real estate and private equity, delivering long-term risk-adjusted returns. Leveraging on its deep-rooted Asian heritage, SHK & Co supports and nurtures specialist emerging asset managers in the region, empowering them to excel. SHK & Co also utilises its long-standing investment expertise and resources in providing tailored investment solutions to like-minded partners and ultra-high-net-worth investors through its Family Office Solutions. As at 30 June 2024, the Group held about HK$39.5 billion in total assets. For more information about SHK & Co, please visit www.shkco.com / follow the Company on LinkedIn.Founded in 2020, Sun Hung Kai Capital Partners (“SHKCP”) is the Hong Kong SFC regulated subsidiary of SHK & Co, with Type 1, 4 and 9 licenses. For more information, please visit: www.shkcapital.com / follow SHKCP on LinkedIn. For media enquiries, please contact:Hill and KnowltonJoanne Lam +852 9839 6552Lynn Zhang +852 9794 5751Email: SHKCo@hkstrategies.com 01/11/2024 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.com

EQS Newswire / 01/11/2024 / 05:14 MSK Solidcore Resources plc (“Solidcore” or the “Company”) is pleased to announce that it has entered into an agreement with Berkut Mining LLP (“Partner”), a subsidiary of Lancaster Group (multidisciplinary holding company), to acquire 55% interest in Syrymbet, an undeveloped polymetallic deposit located in North-Kazakhstan region. “Syrymbet is a polymetallic deposit with tin as a major component, which perfectly fits our strategy of enhancing and diversifying Solidcore’s exposure to the green transition. Management believes the project will benefit from the Company’s execution expertise and successful track record in out-of-the box processing strategies”, said Vitaly Nesis, Group CEO of Solidcore Resources plc. “Together with the Partner, we are committed to driving the project forward while ensuring sustainable practices. We are aiming for Board approval for construction in 2025”. HIGHLIGHTS The Syrymbet licence covers the area of over 10 km2 and is located in the Ayirtau district of the North-Kazakhstan region. Under the agreement, Solidcore will acquire a 55% interest in а private company “Tin One Holding” which indirectly holds the subsoil licence for Syrymbet, for the total cash consideration of US$ 82.5 million. The transaction will be financed from the Company’s existing cash resources and is expected to complete in Q4 2024, subject to obtaining of the required regulatory approvals. In 2024, Solidcore completed 3 km of drilling, aimed at validating historical exploration results and conducting metallurgical studies. The deposit is suitable for open-pit mining. Solidcore will refine the existing approach to processing to accelerate path to production, optimise capital expenditures and reduce environmental footprint of the project. The partnership with Lancaster Group is a strategic alignment that allows to apply joint extensive experience to develop such a technologically complex polymetallic deposit as Syrymbet. Solidcore will be working closely with the Partner to accelerate project development, aiming to secure Board approval for construction in 2025. The project will bring about social investments in the region and create a significant number of permanent jobs with a focus on the local workforce. STRATEGIC RATIONALE Syrymbet fits well with Solidcore’s strategy in the following ways: Large asset with good exploration upside; Metal portfolio diversification with green transition exposure; Potential for fast development approach based on open-pit mining and conventional processing; Balanced risk-sharing ownership structure, providing Solidcore with the Partner’s valuable expertise and support, while allowing the Company to retain operational control over the project. ABOUT THE PROPERTY The Syrymbet licence area covers 10.15 km2 and is located in the Ayirtau district of the North-Kazakhstan region. The property is located 280 km from the regional centre, Petropavl (population of approx. 220,000), and 80 km from Kokshetau (population of approx. 180,000), an administrative centre of Aqmola Region. Currently, the property is accessible by unpaved roads and via the Ugolki railway station with loading facility under construction (30 km away). Full-scale operations will have access to a 220 kW power station located 27 km away. Syrymbet was discovered in 1985, with further exploration activities and assessment works conducted between 1986 and 2012. A Mineral Resource estimate in accordance with the JORC Code (2012) was completed in 2015, followed by a pre-feasibility study in 2016. An updated Mineral Resource estimate was issued in 2018 as a part of the Definitive Feasibility Study. Technological studies and metallurgy design were continued between 2018 and 2020. A JORC-compliant Mineral Resource estimate comprised 492.4 Kt of tin at a grade of 0.40% and 91.4 Kt of copper at a grade of 0.07% (5.9 Moz of GE[1]). The deposit is a complex rare-earth-polymetallic deposit (Sn, W, Cu, CaF2) occurring within favorable lithological and structural settings. Four mineralisation zones within Syrymbet ore field are comprised of oxide and sulphide ore. ABOUT TIN Tin (periodic table symbol Sn) is a silvery-white, malleable metal with a slight blue hue. Although scarce, with only 0.001% found in the earth’s crust, tin is not considered rare. It is primarily found in cassiterite ores, often alongside base and rare earth metals. Tin’s unique properties and recyclability position it as a crucial material in production: the key applications include electronics, where it is essential for soldering, as well as in alloys, tin plating, and emerging technologies such as lithium-ion batteries for electric vehicles and photovoltaic cells for solar panels. Enquiries Investor Relations Media Kirill Kuznetsov Alina Assanova +7 7172 47 66 55 (Kazakhstan) ir@solidcore-resources.com Yerkin Uderbay +7 7172 47 66 55 (Kazakhstan) media@solidcore-resources.kz FORWARD-LOOKING STATEMENTS This release may include statements that are, or may be deemed to be, “forward-looking statements”. These forward-looking statements speak only as at the date of this release. These forward-looking statements can be identified by the use of forward-looking terminology, including the words “targets”, “believes”, “expects”, “aims”, “intends”, “will”, “may”, “anticipates”, “would”, “could” or “should” or similar expressions or, in each case their negative or other variations or by discussion of strategies, plans, objectives, goals, future events or intentions. These forward-looking statements all include matters that are not historical facts. By their nature, such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond the company’s control that could cause the actual results, performance or achievements of the company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding the company’s present and future business strategies and the environment in which the company will operate in the future. Forward-looking statements are not guarantees of future performance. There are many factors that could cause the company’s actual results, performance or achievements to differ materially from those expressed in such forward-looking statements. The company expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained herein to reflect any change in the company’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based. [1] Gold equivalent Mineral Resources are estimated based on the Sn, Cu, Au spot prices as at 30.10.2024. 01/11/2024 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.com

EQS Newswire / 31/10/2024 / 18:18 UTC+8 Deltrix, a Subsidiary of Trio Group, Builds an In-depth Strategic Partnership with Haylion Technologies to Jointly Expand the New Energy Market [Hong Kong – 31 October 2024] EV Charger Solution Brand Deltrix by Trio Industrial Electronics Group Limited (“Trio Group”, Stock code: 1710.HK) announces Deltrix Limited, a subsidiary of Trio Group, and Haylion Technologies officially signed a strategic cooperation agreement at Trio's manufacturing headquarter which was located in Nansha, Canton. This collaboration draws widespread attention in the new energy sector and is deemed as a significant strategic milestone within the industry. According to the cooperation agreement, both parties will collaborate in the development of PEDF super charging stations and integrated solutions in fields including new energy, new energy vehicle products, and innovative applications. The partnership aims to jointly promote the development of global new energy industrial businesses and conduct comprehensive cooperation in markets including but not limited to Mainland, Hong Kong, Central Asia, Singapore, Indonesia, Malaysia, and Middle East. The two parties will primarily concentrate on the R&D, promotion and application of PEDF super charging station products and integrated solutions. At the initial phase of the collaboration, key projects cover sectors including the construction and operation of PEDF charging stations in Central Asia, the construction and operation of electric taxi charging stations in Hong Kong, and the construction of domestic photovoltaic storage charging demonstration projects. In terms of cooperation models, both parties will allocate and invest corresponding resources and capabilities according to the specific requirements of various projects, which helps to jointly create dual-brand projects with market influence. In terms of technological R&D, both parties have displayed firm determination to the exploration of cutting-edge technologies. Deltrix has been committed to the investment and innovation in new energy technological R&D. Its R&D team has achieved a series of results in technologies including energy storage and intelligent charging. Haylion Technologies has conducted in-depth research in PEDF technology and the energy storage new materials which are developed by Haylion might further enhance the performance of energy storage systems. Through technological collaboration of both parties, a series of highly competitive PEDF super charging station products and integrated solutions is expected to be launched in the near future and they might meet the market's continuous upgrading demands for new energy infrastructure. Regarding the market expansion, both parties have created detailed market expansion plans which are based on their market advantages in different regions or countries as well as the strong support of the Belt and Road Initiative. Deltrix has established an extensive business network across many regions globally, which will provide strong support for the market expansion of the cooperation projects. It is expected that within the next 3 years, the PEDF super charging station products and integrated solutions, which are developed under this collaboration, will achieve large-scale application and promotion in Greater Asian market. Specifically, Hong Kong, where the collaboration kicks off, plays a significant role in market growth at the beginning of this cooperation. Additionally, Central Asia, where Deltrix has achieved considerable market expansion results, is also a main battlefield for future cooperation. Both parties will initially create demonstration projects in Central Asian market and then gradually duplicate to other regions across the world. This cooperation will not only bring considerable economic benefits to both parties but also significantly enhance their brand visibility and international influence. With respect to industrial collaboration, the cooperation between the two parties will have a profound influence on the new energy industrial chain. Deltrix, which has scale advantage in the production of charging piles, owns abundant resources and integration capabilities in the whole industrial chain. Haylion Technologies has a technological advantage in PEDF system integration. The strategic cooperation between the two parties helps to achieve optimal allocation of resources, reduce production costs, improve production efficiency, achieve synergy in component procurement, reduce intermediate links, and improve supply chain efficiency. At the meanwhile, it will also help to promote the unification and standardization of new energy industry technical norms. This cooperation pushes the entire new energy industry towards a more orderly and efficient direction and contributes significantly to the upgrade and development of the global new energy industry. The collaboration between Deltrix and Haylion Technologies is a significant strategic layout in the new energy sector. The two parties will work together in order to catch the historical opportunities for the development of new energy industry. Furthermore, it is going to inject new vitality into the development of the global new energy industry and jointly create a greener and more sustainable future. Mr. Cecil Wong, Chairman of Trio Group, said, "On the occasion of signing ceremony between Trio and Haylion, I am fully confident of the collaboration between the two parties. This cooperation could be deemed as an alliance between giants, which helps to achieve mutual benefits through new energy business. Trio owns abundant resources and strong capabilities in production as well as factory technology. Furthermore, it has various resources and marketing capabilities in oversea markets. Haylion Technologies has performed excellently in technological R&D field as well as system design field and it is uniquely specialized in photovoltaic and energy storage sectors. The corporate culture of both parties is close and similar, which turns us into ideal and excellent business partners. In terms of new energy and EMS business, I am confirmed that there would be enormous cooperation potentials between both parties. We would stick together so as to further promote the business level of both parties, creating a win-win situation jointly and injecting new viability into industrial development." Dr. Jianping Hu, Chairman of Haylion Technologies, said, "At this exciting moment when Haylion Technologies signs agreement with Trio, I am deeply delighted. Trio, which is listed on HKEX, has accumulated experience in industrial manufacture sector for more than 40 years and it is admirable for its profound foundation. It is one of the leading enterprises in new energy manufacture industry, which provides solid foundation for our cooperation. Haylion Technologies, which has unique advantages in application scenarios, has more than 30 years of experience in transportation, mobility and urban electrification solutions. Trio and Haylion Technologies are highly complementary in business. Trio primarily provides manufacture, products and solutions, while we focus mainly on application scenario. We extremely value the capability and platform of Trio. Both parties join forces to explore oversea market, with the help of Trio’s platform as well as the resource advantage of Germany Volkswagen Group, one of the shareholders of Haylion Technologies. We are going to integrate industrial chain and superior software or hardware resource, including photovoltaic, energy storage, charging, and intelligent micro-grid. In this manner, we are going to truly introduce Chinese new energy experience to overseas market and contribute to the development of global new energy industry." About Trio Group Trio Industrial Electronics Group Limited is a manufacturer and distributor of advanced industrial electronic components and products in Hong Kong with 40 years of industry experience. It is also the first Hong Kong-based industrial electronic company awarded with the Industry 4.0 maturity certificate - Industry 4.01i level. The Group’s major products include smart charger, electro-mechanical product and switch-mode power supplies, which are widely used in smart city system, medical and healthcare sector, as well as renewable energy field. The Group has built up good reputation and become a trusted supplier to various international well-known brands. Majority of its clients comes from Europe and US while some from Southeast Asia and PRC. In addition, the Group and its partner has developed its own EV charger solution - Deltrix since 2017, which has been launched in the European market in response to the global efforts to develop smart economies. For more details, please contact: Skye Shum Investor Relations Manager PR media: DLK Advisory pr@dlkadvisory.com File: Deltrix, a Subsidiary of Trio Group, Builds an In-depth Strategic Partnership with Haylion Technologies to Jointly Expand the New Energy Market 31/10/2024 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.com