Newborn Town (9911.HK) Issues Positive Profit Alert; AI Drives 2025 Net Profit Attributable to Owners Up Over 87% YoY

EQS via SeaPRwire.com / 04/03/2026 / 19:00 UTC+8 [Hong Kong – 4 March 2026] Newborn Town Inc. (Newborn Town or the company, stock code: 09911.HK), a leading global social entertainment company, issued a positive profit alert for the year ended December 31, 2025, reporting solid revenue growth and a significant increase in profits. For the twelve months ended December 31, 2025, total revenue is expected to range between RMB 6,760 Million and RMB 7,000 Million, representing year-on-year growth of approximately 32.8% to 37.5%. Net profit attributable to owners of the Company is expected to be between RMB 900 Million and RMB 940 Million, reflecting year-on-year growth of 87.5% to 95.8%. Adjusted EBITDA is projected to range from RMB 1,180 Million to RMB 1,220 Million, up approximately 22.5% to 26.7% compared with the previous year. AI Integration Strengthens Social Product Portfolio According to the announcement, Newborn Town's strong performance growth was primarily driven by the continued integration and optimization of AI technologies across its business operations, which supported the steady growth of its diversified social product portfolio. In 2025, Newborn Town's social networking business delivered robust growth and remained a key contributor to the Company's profits. Social gaming platform TopTop sustained growth in both user scale and monetization performance. Meanwhile, live-streaming platform MICO and voice-based social platform YoHo maintained their positions within niche segments, contributing stable revenue and profit. During the year, the Company's flagship products continued to expand in key markets including the Middle East and North Africa (MENA). In 2025, TopTop further strengthened its user reach and monetization performance, with downloads and revenue ranking among the leading titles in its category. Recognizing its innovation and growth in the "social + gaming" segment, TopTop was named "Best Social Game Platform" at the Sensor Tower APAC Awards, which recognize leading mobile apps and games in the Asia-Pacific region. The platform has also expanded its presence in new markets. Leveraging its differentiated product positioning and localized strategy, TopTop entered the top tier of Japan's App Store charts. At the technology level, the Company continued to deepen the integration of AI across its business operations. Its self-developed multimodal algorithm model, Boomiix, has undergone ongoing iterations, driving improvements in key operating metrics such as payment conversion and ARPU, thereby enhancing the long-term monetization potential of its core social products. Newborn Town also launched Siyu AI, an internal data intelligence platform designed to streamline operational workflows, enabling faster access to comprehensive data insights within 15 minutes and improving efficiency in processes such as data queries, anomaly detection and report generation. Meanwhile, its proprietary AI-powered design platform KIVI continued to evolve, supporting key creative functions including the production of virtual gifts and marketing assets, and further enhancing operational efficiency across the platform. The Company's diverse-audience social networking portfolio also continued to develop steadily in overseas markets. Through enhanced user lifecycle management, iterative product features and ongoing optimization of its content ecosystem, the platforms saw improved user engagement and deeper interaction among communities. HeeSay, the flagship product of this business segment, further strengthened its presence in key markets through branding and social responsibility initiatives such as HeeSay GALA and HeeCares. Innovative Businesses Gain Momentum, Emerging as New Growth Drivers In 2025, alongside the continued expansion of its core social networking business, Newborn Town's innovative business segment also achieved strong growth. Revenue from the segment reached approximately RMB 730 Million to RMB 770 Million for the year, representing year-on-year growth of 55.7% to 64.2%, and becoming an increasingly important contributor to overall business growth. Since first generating revenue in 2024, the Company's quality games business has entered a profitability phase. Its flagship titles have transitioned into long-term operation, providing stable profit contributions. At the same time, the deeper integration of AI across R&D and operations, together with the gaming team's accumulated experience, has improved development efficiency. The Company's pipeline of new game titles is also progressing steadily. In addition, the Company's social e-commerce segment continued to expand through service upgrades, diversified product offerings and enhanced user acquisition efforts. In 2025, Heer Health further strengthened its presence in the fields of HIV prevention and sexual health services, while accelerating the expansion of its product portfolio. In June 2025, Newborn Town officially established its global headquarters in Hong Kong, further strengthening its international footprint. The Hong Kong headquarters serves as a coordination hub, working closely with the Company's global R&D and operations centers to support continued overseas expansion. Through technological innovation and localized operations, the Company aims to create positive emotional value for users worldwide. During the year, the Company conducted share repurchases totaling approximately HK$260 million. The Board stated that the buyback reflects its confidence in the Company's business outlook and long-term prospects, and is expected to enhance shareholder value. Alongside its strong financial performance, Newborn Town has also seen growing attention from the capital markets. On February 13, 2026, Hang Seng Indexes Company announced the results of its quarterly review, under which Newborn Town was included in the Hang Seng Composite Index, reflecting the market’s recognition of the Company’s business growth, development potential, and investment value. Looking ahead, potential eligibility for the Stock Connect program could attract broader participation from southbound investors, which may further enhance the stock's liquidity and market visibility. About Newborn Town Newborn 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 value worldwide, Newborn Town has developed a diverse portfolio of applications in the social networking and entertainment sectors. 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 contact DLK Advisory pr@dlkadvisory.com 04/03/2026 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
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Chow Tai Fook Jewellery Appoints David Tse as Global Creative Director

EQS via SeaPRwire.com / 02/03/2026 / 11:00 UTC+8 Spearheading the Brand’s Next Era of Global Influence (Hong Kong, China, 2 March 2026) Chow Tai Fook Jewellery Group Limited ("Chow Tai Fook Jewellery Group", the "Group" or the "Company"; SEHK stock code: 1929), the global Chinese luxury group built on a nearly-century old legacy of trust and innovation, announced today the appointment of Mr David Tse, a veteran of the international luxury and creative arena, as Global Creative Director, effective 2 March 2026. This marks a milestone in the brand transformation journey as Mr Tse spearheads the brand’s next era of global influence. Having built a remarkable creative career across China and global markets, Mr Tse brings to the Group a rare blend of visionary brand storytelling, cultural diversity, and creative leadership. He will lead the team to further develop the brand’s creative identity, and conceptualise, develop and execute the overall creative strategy across all touchpoints. Ms Sonia Cheng, Vice Chairman of Chow Tai Fook Jewellery Group, said, “I am delighted to welcome David as Global Creative Director for our brand. His appointment is timely as we continue to transform and globalise the brand. His deep understanding of luxury, strong creativity and proven track record to translate brand strategy into powerful storytelling will play a key role in shaping our brand equity globally. I look forward to working with David to take our brand to the next level.” Mr David Tse said, “I am excited to join Chow Tai Fook Jewellery Group at this pivotal moment as we approach our centenary celebration. I have long admired the brand as a distinctive global symbol of Chinese luxury. My focus will be on honoring our rich heritage while fostering innovation and creativity, always keeping our customers at the heart of everything we do.” Mr Tse began his career as an entrepreneur focusing on creative production. Over the years, David has led award-winning work for some of the world’s most iconic brands, including Burberry, Golden Goose, Uniqlo, Google, PayPal, Volvo, Starbucks, and many more. Most recently, Mr Tse served as Creative Director at Hermès in Shanghai, the first Creative Director beyond its Paris headquarters, where he worked closely with the Paris headquarters team and collaborated with artists and creatives across disciplines worldwide. Chow Tai Fook Jewellery Group’s Global Creative Director – Mr David Tse ### Chow Tai Fook Jewellery Group Limited Since its founding in 1929, CHOW TAI FOOK, the flagship brand of Chow Tai Fook Jewellery Group, has been celebrated for its bold designs and meticulous attention to detail. Our commitment to innovation and craftsmanship has made us synonymous with excellence, value, and authenticity. As a global Chinese luxury group, we blend contemporary designs with traditional techniques to create timeless pieces. Each collection reflects our customers' stories and lives, celebrating their special moments. We aspire to inspire and captivate generations to come, weaving the story of CHOW TAI FOOK into their own. Our brand portfolio includes the iconic CHOW TAI FOOK flagship brand, HEARTS ON FIRE, ENZO, and MONOLOGUE, offering a wide variety of products that also includes an expanding range of cutting-edge IP collaborations. With over 5,000 stores worldwide, we offer a seamless client journey across all touchpoints that includes a network across China as well as a growing number of global locations. Chow Tai Fook Jewellery Group Limited (SEHK: 1929) has been listed on the Main Board of the Hong Kong Stock Exchange since December 2011. We are committed to delivering sustainable long-term value for our stakeholders by continually enhancing earnings quality and driving higher value growth. Media Enquiries: Chow Tai Fook Jewellery Group Limited Haide Ng Associate Director, Corporate Communications Tel: (852) 3115 4402 Email: haideng@chowtaifook.com Acky Chan Senior Manager, Corporate Communications Tel: (852) 3115 4403 Email: ackychan@chowtaifook.com 02/03/2026 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
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Over 1.79 Million Visitors: China’s Taizhou Prefectural City Lights Up 2026 Lunar New Year with ‘Ancient Heritage and Cyberpunk Tech’

EQS via SeaPRwire.com / 02/03/2026 / 10:24 UTC+8 LINHAI, Zhejiang, China — During the 2026 Lunar New Year, the Taizhou Prefectural City Cultural and Tourism Zone in Zhejiang Province, China, welcomed a record-breaking influx of tourists. The holiday saw over 1.79 million visitors, with a single-day peak exceeding 291,000. Ranking among the top three in average daily visits among the province's 236 4A-level and above scenic spots, it emerged as one of China's most popular travel destinations during the Spring Festival. As a millennium-old city with profound historical roots, Taizhou Prefectural City has perfectly preserved the spectacular Jiangnan Great Wall and extensive Ming and Qing dynasty architectural complexes, serving as a living fossil of ancient China's dual system of urban flood control and military defense. Thanks to the operating team's continuous innovation and introduction of immersive interactive experiences, the ancient city has consistently ranked among Zhejiang's top Spring Festival attractions for years. This year, the seamless integration of "traditional culture and future technology" showcased the city's unique charm, blending historical depth with youthful vitality to the world. A Visual Spectacle: Four-Century-Old Armor Meets "Cyber Song Dynasty" To offer global visitors an around-the-clock Chinese New Year experience, the city hosted over 50 continuous cultural events daily. By day, warhorses of the "Qi Family Army" clad in iron armor patrolled the streets, recreating the majestic scenes of Chinese soldiers defending the coastal borders four centuries ago. On the picturesque East Lake, intangible cultural heritage performers showcased bamboo drifting, competing alongside modern water jetpack performers. As night fell, the ancient city quickly transitioned into a modern light-and-shadow spectacle. A city wall light show projected a millennium of cultural heritage onto ancient bricks, while hundreds of drones wove auspicious, flowing patterns in the night sky with millimeter precision. The dazzling combination of flame stunts and "electronic Kongming lanterns" illuminating the sky culminated in a "Cyber Song Dynasty" flash mob, breathing new life into the ancient city through the thrill of modern art. A Borderless, International Travel Experience Taizhou Prefectural City also demonstrated China's highly convenient smart tourism and welcoming stance to the world. The scenic area implemented a comprehensive free-admission policy for East Lake, allowing visitors to enjoy the graceful water town scenery with zero barriers. Meanwhile, the innovative "facial recognition Great Wall climbing" technology allowed verified tourists to enjoy a "three-day pass" with unlimited entries. This departure from traditional single-entry ticketing significantly encouraged visitors to slow down and embark on in-depth explorations. A Youthful Magnet and Shared Hospitality Beyond its historical significance, the city has become a trendy hub for young people. This Spring Festival, the scenic area deeply collaborated with the popular Chinese web novel IP "Jian Lai" (Sword of Coming), creating immersive check-in spots that attracted young fans to experience the romance of the martial arts world. The hometown return of Li Yunxiao, a young Yue Opera actress who just dazzled audiences at the 2026 CCTV Spring Festival Gala, further became a core highlight drawing youthful crowds. Beyond sightseeing, the introduction of high-quality homestays and the Black Pearl-rated Sichuan restaurant "Yunbuzhichuan" has fully revitalized the consumption landscape. Local residents and merchants showed immense hospitality, proactively guiding tourists and jointly creating a warm, safe travel environment. The arrival of 1.79 million visitors proves that this warm, historical city is pulsing with youthful energy. Taizhou Prefectural City looks forward to welcoming more global tourists to experience the harmonious blend of ancient and modern Eastern charm. 02/03/2026 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
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B.Duck Semk and Haers Form Strategic Partnership to Jointly Build an IP-Driven Trendy Consumer Ecosystem

EQS via SeaPRwire.com / 27/02/2026 / 19:01 UTC+8 (February 26, 2026, Hong Kong) B.Duck Semk Holdings International Limited (“B.Duck Semk”, Stock Code: 2250.HK) announced that the Company has entered into a comprehensive strategic cooperation agreement with Zhejiang Haers Vacuum Containers Co., Ltd. (“Haers”, Stock Code: 002615.SZ), a global leader in the drinkware industry and an A-share listed company. The parties aim to establish a long-term, in-depth strategic alliance through equity partnership and industrial synergy, exploring a new IP-driven segment in trendy consumer markets and building a trendy consumer ecosystem covering diverse consumption scenarios. As of now, Haers holds a 2.68% equity stake in B.Duck Semk, providing a solid foundation for the strategic partnership. As a core component of this cooperation, the joint venture company co-established by the parties in mainland China will focus on the design, R&D, brand operation, and omni-channel sales of co-branded trendy drinkware products featuring the “B.Duck” family of brands and other international fashion IPs. This cooperation unites the core strengths of both parties. With over 20 years of experience in IP operation, B.Duck Semk owns China’s renowned B.Duck IP matrix and mature global licensing network. Haers, a benchmark in the global drinkware industry, brings industry-leading R&D and manufacturing capabilities, a full industry chain layout, and a global channel network. This partnership is poised to deliver mutual value and deep synergy between trending IPs and top-tier supply chain capabilities. IP co-branding in drinkware products marks merely the first step of the strategic partnership. The two parties will take the joint venture as the core platform, and drinkware and drinkware-related products as the strategic starting point. By combining B.Duck Semk’s full-matrix IP operation capabilities and insights into trendy consumers with Haers’ comprehensive, flexible manufacturing capabilities and omni-channel global network, the partnership will expand into diverse trendy consumer products, unlocking the long-term value of integrating IPs with physical manufacturing. The parties will seize this cooperation as an opportunity to jointly establish a full-chain collaborative system that integrates “fashion design, flexible manufacturing, and omni-channel marketing.” For B.Duck Semk, this partnership will facilitate the large-scale expansion of its self-operated product categories, deepen the IPs user penetration into diverse lifestyle scenarios, and establish a replicable cross-category IP operation model. For Haers, this collaboration will serve as a catalyst to upgrade and transform the company from a traditional manufacturer into a trend-driven consumer brand. By leveraging the IPs as a strategic lever, it aims to diversify into new product categories, thereby unlocking substantial new growth potential. The long-term value of this strategic cooperation lies in establishing a replicable model for cross-category and multi-IP collaboration. Looking ahead, the parties will leverage the successful collaborative experience gained in the drinkware sector and replicate this model across a wider range of consumer categories. The goal is to create a fashion ecosystem by embedding IP products into diverse lifestyle scenarios, thereby continuously unlocking the commercial value of IP-product integration. Concurrently, the parties will accelerate their global market expansion, aiming for sustained mutual profitability and ultimate industry leadership. The drinkware industry is ushering in an unprecedented golden period of development, with both market size and trendsetting attributes experiencing explosive growth. The fundamental nature of the products has evolved from being mere practical tools into socially-oriented goods that express personal aesthetics and align with trendy lifestyles. This transformation is driven by the rise of Generation Z consumers, who are profoundly reshaping market logic: “Visuals Lead Purchase Decisions” and “Products Serving as Vessels for Emotional Value” have become key purchasing factors. Taking the thermal drinkware category as an example, topics such as “thermal mug fashion styling” and “high-aesthetic thermal mug reviews” have garnered nearly 500 million views on social media platforms, reflecting young consumers’ heightened focus on product appearance and scene compatibility. In response to this trend, brands are innovating products through design strategies such as IP collaborations, dopamine color schemes, and China-chic elements. This has successfully transformed thermal mugs from traditional utilitarian items into fashion accessories for personal expression, social sharing, and emotional connection. This transformation not only precisely aligns with the consumption preferences of the younger demographic but also provides brands with sustained growth potential and market opportunities in the direction of trend-driven and personalized product innovation. This cooperation is committed to leading the drinkware industry beyond homogeneous price competition toward value creation centered on IP value and design innovation. Moreover, starting with drinkware, it will explore the deep integration of IPs and physical manufacturing across all product categories and lifestyle scenarios, charting a new path for IP-driven physical manufacturing and fashion lifestyles. Ultimately, it aims to provide a reference model for the trend-driven transformation of the entire consumer goods sector. Mr. Hui Ha Lam, Chairman of the Board of B.Duck Semk, stated, “We are immensely honored to enter into this comprehensive strategic collaboration with Haers. As a global leader in drinkware manufacturing, Haers’ top-tier supply chain and full industrial chain capabilities are strategically highly complementary to our company’s robust IP operation expertise and profound insights into trend-conscious consumers. This partnership represents not only a mutual empowerment at both the industrial and capital levels but will also enable us to jointly build a trendy consumer ecosystem spanning diverse lifestyle scenarios. Furthermore, it will significantly deepen our marketing capabilities in vertical consumer product categories. This will, in turn, continuously solidify our leadership position in the IP-driven consumer market and ultimately create long-term, sustainable value for our shareholders.” About B.Duck Semk Holdings International Limited B.Duck Semk is China’s leading comprehensive IP operation company with capabilities across the entire value chain. It launched its core original IP character, B.Duck, in 2005. With more than twenty years of experience in the industry, B.Duck Semk has built a diversified B.Duck IP matrix covering original creation, IP agency, and brand licensing collaborations. It owns 26 original characters and the operation rights to multiple top-tier game, animation, and trendy toy IPs, and has established deep cooperation with top-tier cultural IPs both in China and abroad, such as the Palace Museum’s Court Culture. B.Duck Semk has established a strong presence across character licensing, merchandise retail, and immersive cultural tourism. As of now, the company has achieved cooperation with over 570 high-quality licensees and developed over 50,000 SKUs covering the full spectrum of consumer scenarios, including food and beverages, homeware, 3C products and trendy toys. With its outstanding performance, B.Duck Semk ranked 46th on the Top Global Licensing Agents 2025. Relying on its mature end-to-end IP operation system, the company adopts a dual-drive strategy of “brand globalization + localized operation”, and is committed to becoming a comprehensive IP operation platform with global influence, creating globally recognized symbols of joy. About Zhejiang Haers Vacuum Containers Co., Ltd. As China’s first listed company in the drinkware industry, Haers always specializes in the R&D, design, manufacturing and marketing of titanium and stainless steel vacuum insulated containers, as well as drinkware-related products made of multiple materials such as aluminum, plastic, and glass. Adhering to a customer-centered principle, Haers has created the “Five-Excellent Drinkware” criteria, focusing on both quality and appearance based on its core technologies. It has been deeply involved in this industry for many years and has formed sound R&D capabilities and production strength. By the end of 2025, Haers had obtained a total of 770 valid national patents, led and participated in the formulation of 47 national, industry and organizational standards, becoming a benchmark for high-quality development in the industry. Haers’ products have been sold to more than 80 countries and regions worldwide. It has passed the Euromonitor International certification with its strong strength. In the recent three years (2022-2024), Haers has consecutively achieved the top position in global drinkware sales. 27/02/2026 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
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Proposed US$ 100 million credit facility from KfW IPEX-Bank

EQS via SeaPRwire.com / 25/02/2026 / 09:36 MSK Solidcore Resources plc (“Solidcore” or the “Company”) is pleased to announce that the Company has signed an indicative term sheet with KfW IPEX-Bank for a seven-year credit facility of up to US$ 100 million to finance construction of the Ertis POX project including infrastructure, equipment and engineering costs. “Our partnership with KfW IPEX-Bank to finance Ertis POX construction marks an important milestone for Solidcore. This term sheet is the first arrangement within the broader funding framework for the project which reflects the strong confidence of our international financial partners in our strategy and long-term vision. We continue working with other banks to secure a total of US$ 600 mln of financing for Ertis POX this year”, said Evgenia Onuschenko, CFO of Solidcore Resources plc. “We are delighted to have been invited to contribute to the financing of this important project and thus to be able to supporting European exports.”, said Wolfgang Behler, Global Head of Industries and Commerce at KfW IPEX-Bank. About Ertis POX Ertis POX is Kazakhstan’s first large-scale and high-tech full-cycle pressure oxidation plant for refractory ore processing in the country. Capital expenditures for the project are estimated at US$ 978 million and will be funded through a combination of the Company’s operating cash flow and bank financing. New POX facility will process up to 300,000 tons of gold-bearing concentrate and produce up to 500 Koz of gold in dore alloy per year. It is intended to create approximately 500 permanent new jobs in the region and 1,000 jobs during the construction period. About KfW IPEX-Bank KfW IPEX-Bank is a leading German and international project and export finance bank, founded in 2008 as a wholly owned subsidiary of the state-owned KfW Group. With a strong European foundation and a global presence, it supports European and global companies in key sectors including infrastructure, energy, transport, and industrial projects. The bank provides tailored financing solutions, backed by deep sector expertise and a clear focus on sustainability and responsible financing. About Solidcore Solidcore Resources is a leading gold producer registered in AIFC, Kazakhstan, and listed on Astana International Exchange. Solidcore operates two producing gold mines and a major growth project (Ertis POX) in Kazakhstan. 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. 25/02/2026 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
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CF PharmTech (HKEX: 2652.HK) Announces NMPA Acceptance of IND Application for ICF004, a Potential First-in-Class Inhaled Dry Powder Candidate Targeting Unmet Needs in PF-ILD

EQS via SeaPRwire.com / 25/02/2026 / 11:12 UTC+8 Suzhou, China, February 24, 2026 — CF PharmTech, Inc. (HKEX: 2652.HK) (“CF PharmTech” or the “Company”) today announced that the Investigational New Drug (“IND”) application for ICF004, the Company’s internally developed first-in-class (FIC) inhaled dry powder candidate for the treatment of pulmonary fibrosis (a Class 1 chemical drug candidate), has been accepted by the National Medical Products Administration of China (“NMPA”). The acceptance of the ICF004 IND application marks a key step forward in the Company’s innovative drug research and development efforts and an important milestone in advancing translational innovation based on the Company’s complex respiratory formulation and precision delivery platform. The Company believes progress in the ICF004 program not only supports the clinical development value of a standalone pipeline asset, but also demonstrates its ability to translate high-barrier delivery and formulation platform capabilities into innovative drug clinical development assets. Addressing Unmet Needs in PF-ILD: Resolving Efficacy-Tolerability Dilemma ICF004 is intended for the treatment of Progressive Fibrosing Interstitial Lung Disease (“PF-ILD”), a disease area that includes life-threatening indications such as Idiopathic Pulmonary Fibrosis (“IPF”) and Progressive Pulmonary Fibrosis (“PPF”). PF-ILD is characterized by progressively worsening respiratory symptoms and irreversible decline in lung function, and is generally associated with poor prognosis. Using IPF as a representative condition, publicly available data indicate a median survival of approximately 2.8 years and a 5-year survival rate below 40%, underscoring the substantial clinical burden of disease. Oral therapies have been approved globally for the treatment of IPF. Public clinical data and real-world evidence suggest that, while existing therapies may slow decline in lung function to some extent, some patients still face limited survival benefit, significant adverse-event burden, and treatment interruption or discontinuation. For patients coping with both disease progression and treatment-related side effects, there remains an urgent global need for next-generation therapies that can better balance safety, efficacy, and long-term treatment adherence. The Company believes the development rationale for ICF004 is grounded in these unmet needs. The program seeks to explore new delivery and therapeutic pathways on top of existing treatment approaches, with the goal of improving the therapeutic window and patient outcomes. Improving Therapeutic Window Through the Integration of Mechanism Exploration and Formulation Innovation Through Local Targeted Delivery Based on the Company’s current development strategy, ICF004 uses an inhaled dry powder delivery route designed to deliver the drug directly to lung lesion areas, thereby increasing local pulmonary exposure while minimizing systemic exposure to the extent possible, in pursuit of a better balance between efficacy and safety. The Company positions ICF004 as a candidate integrating mechanism exploration and formulation innovation, and continues to conduct mechanistic research and translational validation around fibrosis-related pathological processes, including inflammation, oxidative stress, and fibroblast activation. Preclinical Findings Demonstrate Differentiated Pulmonary Exposure Profile Supporting Development Strategy According to the Company’s completed preclinical studies, ICF004 demonstrated differentiated distribution characteristics between lung tissue exposure and systemic blood exposure following inhaled administration. In relevant studies, the Company observed a significant exposure differential between lung and blood, supporting the project’s subsequent development strategy centered on improving target-organ exposure efficiency and reducing systemic exposure burden through local targeted delivery. In addition, the Company observed anti-fibrotic activity trends for ICF004 in relevant preclinical models. These findings provide supportive information for subsequent clinical development; however, whether they will translate into clinical efficacy and safety advantages in humans remains to be verified in future clinical trials. Platform Validation: Extending from Complex Formulation to Innovative Drug Translational Capability and Strategic Significance The acceptance of the ICF004 IND application marks the first time one of the Company’s innovative drug programs has entered the regulatory acceptance stage. The Company believes the strategic significance of this progress is reflected primarily in the following areas: Validation of platform translational capability — demonstrating the Company’s ability to integrate complex formulations, delivery systems, device engineering, and unmet clinical needs in advancing innovative drug development programs; Strengthening the replicability of R&D pathways — providing methodological and organizational experience for subsequent innovative programs in respiratory and related therapeutic areas; and Enhancing capital market understanding of the Company’s platform-based capabilities — helping investors better understand, beyond the complex formulation business alone, the Company’s medium- to long-term capabilities and potential value drivers in combining delivery technologies, device engineering, and innovative drug clinical translation. Leveraging its capabilities in inhalation delivery, device engineering, regulatory registration, and industrialization, CF PharmTech continues to advance a multi-layered product portfolio and explore opportunities in delivery-enabled innovative drug development across broader disease areas. Next Steps The Company will continue to advance subsequent clinical development activities for ICF004 in accordance with NMPA requirements, including clinical start-up preparation, subject enrollment arrangements, and phased data readouts. At the same time, the Company will prudently evaluate strategic pathways such as independent development and collaborative development based on the project’s clinical progress, resource allocation, and external partnership opportunities, and will fulfill information disclosure obligations in a timely manner in accordance with applicable regulatory requirements. Important Risks and Disclaimers Innovative drug R&D involves high investment, long development timelines, and significant risks. Uncertainties remain in the subsequent clinical development, regulatory review and approval, and commercialization process of ICF004. The Company reminds investors to exercise rational judgment and be mindful of the risks associated with investing. About CF PharmTech CF PharmTech focuses on the development of complex formulations, small nucleic acid and liposomal drugs, and precision delivery technologies in key therapeutic areas such as respiratory diseases, and has capabilities in inhalation delivery, device engineering, regulatory registration, and industrialization. The Company is advancing a multi-layered product portfolio based on these platform capabilities and continues to explore clinical translation opportunities in innovative drug development. Cautionary Note Regarding Forward-Looking Statements This press release contains forward-looking statements, including but not limited to statements relating to the development, clinical progress, regulatory review, and potential commercialization of ICF004, and the Company’s strategic plans and expectations. These statements are based on current expectations and assumptions and are subject to risks and uncertainties that may cause actual results to differ materially from those expressed or implied. Such risks and uncertainties include, but are not limited to, risks related to clinical development, regulatory approval, commercialization, market conditions, and other factors. Readers are cautioned not to place undue reliance on these forward-looking statements. The Company undertakes no obligation to update any forward-looking statements, except as required by applicable law or regulation. 25/02/2026 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
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CRAVELLE Launches CRAVE AI, a Premium AI Companion Platform Designed for Women’s Intimacy and Emotional Well-Being

EQS via SeaPRwire.com / 24/02/2026 / 10:56 UTC+8 Vertical large-model technology powers human-like, highly personalized interaction across smart hardware and subscription services—bringing recurring value to an industry long defined by one-time purchases. HONG KONG, Feb. 12, 2026 — CRAVELLE today announced the launch of CRAVE AI, a premium, technology-forward AI companion platform built for adult women who expect more from intimacy, privacy, and personalization. Designed with a restrained, high-end aesthetic and a science-led product philosophy, CRAVE AI reframes “sex tech” from novelty hardware to an AI-first experience—where the core differentiation is human-like interaction, companionship, and customization at scale, and smart devices serve as a discreet, connected entry point. From devices to a vertical AI engine that understands women While much of the category has historically focused on product specs or provocative marketing, CRAVE AI is built around a different premise: women’s desire is contextual, emotional, and deeply individual—and technology should respond accordingly. CRAVE AI’s platform combines AI character interaction, speech synthesis, and connected device control into a single, integrated experience that adapts to the user’s preferences over time. At the center is a purpose-built vertical model for intimate interaction—one that prioritizes companionship, emotional resonance, and personalization rather than generic chat. In the CRAVE AI app, users can explore interactive experiences, community content, and guided pathways that support self-discovery and confidence—without relying on mass-market, attention-driven tactics. A modern business model for a category that lacked “repurchase” CRAVE AI is designed around a sustainable, scalable commercial framework that aligns with how premium digital products are built today: Hardware + Subscription: A connected ecosystem that continuously improves the experience and adds ongoing value. Premium unlocks: A “boutique content” approach, supported by subscription identifiers and virtual credits, enabling curated add-ons while maintaining discretion and control for the user. For distributors and premium retail partners, this model creates a clearer path to recurring revenue—without sacrificing a high-end brand posture. CRAVELLE’s channel strategy is designed to support (1) strong initial hardware sell-through and (2) ongoing software-driven monetization that can lift customer lifetime value over time. This enables partners to participate in a category transition from “single transaction” to “relationship-driven” commerce, with repeat purchases coming from subscription renewals, curated premium unlocks, and ecosystem upgrades rather than discount-led replenishment. Partner-ready merchandising and conversion support are built into the launch plan to help distributors educate consumers in a respectful, sophisticated way. This includes premium packaging, training materials for authorized sales staff, demo and display guidance (where permitted), and an education-first positioning that fits high-trust channels and compliance-conscious environments. In addition, CRAVELLE will support partners with structured go-to-market assets—such as localized product narratives, sell-in decks, and retail-ready content—so teams can communicate the value of “AI-enhanced companionship and personalization” clearly, without relying on provocative messaging. Privacy, safety, and adult-only access by design CRAVE AI is built exclusively for adults and includes age responsibility disclosures and 18+ requirements across its services. On the data side, CRAVE AI is designed with a privacy-minded approach intended to prioritize discretion, user agency, and responsible handling of personal information. Founder perspective “For too long, women’s desire has been spoken about in headlines, but ignored in design,” said a CRAVELLE founder. “We deeply empathize with how often women feel compelled to conceal their private desires and fantasies under the weight of judgment—until even being honest with themselves can feel out of reach—and CRAVE AI exists to offer a discreet, bias-free emotional refuge where every form of longing is met with respect, not labels.” Building the foundation for women’s long-term wellbeing innovation CRAVELLE views intimate interaction as the first chapter of a broader roadmap. By establishing trust, personalization, and emotional intelligence in one of the most demanding human contexts—intimacy—the company is laying the groundwork to extend CRAVE AI’s capabilities into longer-term directions related to women’s holistic wellbeing, including mind-body support and personal growth experiences. AvailabilityCRAVE AI is available via its web and app ecosystem, with integrated features that include smart-device connectivity, AI interaction, and interactive experiences. About CRAVELLE / CRAVE AI CRAVELLE is the team behind CRAVE AI, a premium AI companion platform for adults that blends immersive interaction, connected smart devices, and a privacy-minded approach to personalization. CRAVE AI’s services include AI companion chat, virtual interaction experiences, product purchasing, and community engagement. Contact Company: CRAVELLE AI GROUP LIMITED Contact Person: Mona Email: business@crave-ai.ai Website: https://www.creviatech.com/ City: Hong Kong SOURCE CRAVELLE 24/02/2026 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
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Huiyuan Cowins’ Stainless Steel Piped Direct Drinking Water Business Driven by Policies and Market Demand

EQS via SeaPRwire.com / 24/02/2026 / 10:45 UTC+8 Becoming a Key Future Growth Engine with Integrated Supply Chain Strengths (24 February 2026, Hong Kong) Huiyuan Cowins Technology Group Limited (“Huiyuan Cowins Technology”, together with its subsidiaries, the “Group”; stock code: 1116.HK) is pleased to announce that the Group’s stainless steel piped direct drinking water business in China is entering a phase of rapid development. This is benefitted from the upgrade of national drinking water standards and the implementation of livelihood improvement policies, together with surging demand for healthy drinking water. By leveraging its technologies across the full supply chain, multi-scenario flagship projects, and large-scale market coverage, the Group has successfully built differentiated competitive barriers in the industry. This business has become the core engine of the Group’s future growth and will continue to expand its growth potential in line with industry development. Dual Drivers of Policy and Demand Propel Industry into High Growth The piped direct drinking water industry in China is entering a period of dual dividends from policy and market, laying a solid foundation for the Group’s business development. At the national level, the GB5749-2022 " Standards for Drinking Water Quality" was officially implemented in 2023. The standard significantly raises the threshold for water safety and provides regulatory and standard support for the high-quality development of the industry. At the local level, many cities including Nanjing, Jinan, Shenzhen, and Chongqing have included direct drinking water projects as key livelihood construction initiatives. These cities have issued special technical specifications to promote systematic implementation in various scenarios such as communities, schools, and hospitals. On the market side, public health awareness has deepened and attention to drinking water safety continues to rise. Piped direct drinking water effectively addresses industry pain points such as secondary contamination and filter replacements for purifiers installed at the point of use. It also offers advantages in cost and environmental impact. The solution is becoming the preferred drinking option in many public settings, and market acceptance and penetration are steadily increasing. Industry research shows that the penetration rate of piped direct drinking water in China’s total water consumption grew at a rate of 10.7% from 2017 to 2022. The industry scale reached RMB8.87 billion in 2022. With the implementation of citywide direct drinking water models in Shenzhen, Shanghai, and other cities, industry demand is entering an accelerated development phase. Research institutions forecast that the Compound Annual Growth Rate (CAGR) of the piped direct drinking water industry will reach 13.1% from 2023 to 2028. The market size is expected to climb to RMB18.56 billion by 2028. This strong industry momentum opens up broad market space for the Group’s stainless steel piped direct drinking water business.[1] Integrated Supply Chain Advantages Build Industry Barriers The Group has developed core competitive advantages through independent control of its integrated supply chain and its intelligent system integration in the stainless steel piped direct drinking water business. These advantages create key barriers that distinguish the Group from other industry players. The Group possesses independent production capacity that covers all processes of stainless steel pipe manufacturing. This capacity enables self-production of food-grade stainless steel pipes. The approach ensures pipeline material safety from the source, completely eliminates secondary pollution during water transmission, significantly reduces supply chain costs, and enhances product bargaining power. In addition, the Group provides a full set of integrated pipeline direct drinking water solutions. These solutions cover water purification process design, equipment installation, pipeline laying, and water quality monitoring. They are supported by intelligent technologies and system integration to achieve refined operation and management of direct drinking water systems. For the project of piped direct drinking water in Guangdong Radio and Television, the Group’s daily water supply capacity meets the drinking water demand of more than 4,000 people. Multi-stage advanced purification processes filter out heavy metals, bacteria, viruses, and other harmful substances. When combined with fully enclosed food-grade stainless steel circulation pipelines and 24-hour online water quality monitoring equipment, the system achieves real-time monitoring and stable compliance of effluent quality. Multi-Scenario Flagship Projects Implemented Covering Over 100,000 Households Relying on its core technological advantages, the Group has built flagship projects across multiple scenarios. These include government and enterprise units, high-end commercial properties, local communities, and educational institutions. The Group has achieved large-scale implementation from first-tier cities to core cities. The business covers key Greater Bay Area cities such as Guangzhou and Jiangmen. This positions the Group as a benchmark enterprise in China’s stainless steel direct drinking water industry. The cumulative service footprint now covers more than 100,000 households and thousands of teachers and students. With the further popularization of healthy drinking habits, the continuous implementation of national and local direct drinking water policies, and the gradual demonstration effect of the Group’s flagship projects, the market potential of the Group’s stainless steel direct drinking water business will continue to be unlocked. Currently, several flagship projects are under accelerated construction. Business implementation is progressing steadily, and market share is rising gradually. Mr. Tai Yiu Kuen, Kevin, the Chief Executive Officer of Huiyuan Cowins Technology Group Limited stated, “In the future, the Group will continue to increase R&D investment in intelligent direct drinking water systems and in the upgrading of water purification technologies. We will deepen our full industry chain capabilities in stainless steel pipes and system integration. We will continuously enhance market competitiveness and brand influence. We expect the stainless steel piped direct drinking water business to become the core engine of growth in the coming years. It will bring sustainable and stable investment returns to our shareholders and drive a rapid enhancement in the Group’s overall value.” - END – About Huiyuan Cowins Technology Group Limited Huiyuan Cowins Technology Group Limited (stock code: 1116.HK) has been deeply engaged in the steel pipe and steel sector for over 30 years and is a benchmark brand in China's stainless steel water pipe industry, with full-chain capabilities in “independent R&D – production manufacturing.” Its main businesses cover stainless steel water pipes and fittings, carbon steel plate shearing, pipeline direct drinking water solutions, and extend to the phase change energy storage technology field. Since 2023, the Group has accelerated its expansion into the energy storage business, focusing on the R&D and production of phase-change energy storage materials (PCM), providing customized cold storage and heat storage solutions for customers in various industries. The company was listed on the Main Board of The Stock Exchange of Hong Kong Limited in 2004. For more details, please visit its official company website: https://www.hctechgp.com. [1] LeadLeo: 2023 China Piped Drinking Water Industry Overview https://pdf.dfcfw.com/pdf/H3_AP202404181630528207_1.pdf 24/02/2026 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
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AGTech to Help Build One-Stop Trading Services Platform as Hong Kong Gold Exchange Opens for the Year of the Horse

EQS via SeaPRwire.com / 23/02/2026 / 10:26 UTC+8 Hong Kong, Feb. 20, 2026 - The Hong Kong Gold Exchange (HKGX) held its Chinese New Year market opening ceremony today. Attendees included, Mr Joseph H. L. Chan, Under Secretary for Financial Services and the Treasury of Hong Kong SAR, Dr. Cheung Haywood, Chairman of HKGX and Mr. Gavin Zhao, Chief Product and Technology Officer of AGTech Holdings Limited (AGTech, HKEX stock code: 8279) backed by Alibaba Group. Photo: Mr Joseph H. L. Chan, Under Secretary for Financial Services and the Treasury of Hong Kong SAR, Dr. Cheung Haywood, Chairman of HKGX, Mr. Brian Fung, Chief Executive Officer of HKGX, Mr. Gavin Zhao, Chief Product and Technology Officer of AGTech and representatives from multiple gold merchants pose for a group photo. Mr Joseph H. L. Chan, Under Secretary for Financial Services and the Treasury of Hong Kong SAR, stated that to further diversify the development of international financial services, the Hong Kong SAR Government is committed to promoting Hong Kong as an international gold trading centre, attracting the storage, clearing and settlement of spot gold in the city, and driving the vigorous development of the industrial chain encompassing investment trading, derivative products, warehousing, insurance, trade and logistics. In his remarks, Dr. Cheung, Chairman of HKGX said that Chief Executive of the Hong Kong SAR John Lee announced in the 2024 Policy Address the initiative to develop Hong Kong into an international gold trading centre. To support this policy, and to strengthen connections with the international gold industry in trade, transactions and logistics, HKGX has officially partnered with AGTech to develop an international precious metal trading platform, a clearing and settlement system, and a digital commodity blockchain. Mr. Gavin Zhao, Chief Product and Technology Officer of AGTech, said: “We are very pleased to collaborate with HKGX to jointly build a one-stop trading services platform, leveraging our group’s deep accumulation in digital finance, internationalization support, risk management, and platform governance. The platform will integrate spot and futures trading, digital gold, B2C trading, a clearing and settlement centre, OTC trading, membership management, a unified risk control system, offshore and onshore RMB. Featuring multi-currency pricing and settlement capabilities, multi-language support, and an open, compatible architecture design, it aims to enhance market operational efficiency and participation convenience, in collaboration with the Hong Kong SAR Government, to help Hong Kong further consolidate its position as an international gold trading centre.” Backed by Alibaba Group, AGTech has spent years building out its presence in financial technology, with businesses spanning physical and digital banking, digital payments and a range of financial services scenarios. Its Ant Bank (Macao) Limited continues to promote inclusive finance, while Macau Pass is a leading fintech company in Macao. AGTech has extensive experience in technology innovation, core-system development and digital operations for international, financial-grade platforms. Once completed, HKGX’s trading platform is expected to establish a more regulated, standardized market framework. Enhanced member oversight and the digitization of both on-exchange and over-the-counter trading would support the gold industry’s upgrade and transition. As core capabilities continue to be strengthened, the platform is expected to support the exchange in exploring product innovation and achieving comprehensive upgrades spanning business models and organizational structure. The platform will also connect mainland Chinese’s gold exchanges with the global gold market, aiming to attract broader participation from investors, thereby strengthening the HKGX’s position and influence in the global gold market, while encouraging more ecosystem partners to collaborate in building a new gold-industry ecosystem. The partnership is expected to help position Hong Kong as an international gold hub linking Eastern and Western markets by upgrading the city’s gold-market digital infrastructure, and to support the development of a strong financial industry through innovation in digital finance. 23/02/2026 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
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VivoPower Secures $30 Million PIPE at $6.80 Conversion Price to Accelerate Sovereign AI Data Center Platform

EQS via SeaPRwire.com / 13/02/2026 / 09:56 UTC+8 Strategic capital raising features participation from New York-based investment firm Blue Sky Capital, as well as Sovereign Family Offices from the GCC region. Investment underscores VivoPower’s strategic position and the critical importance of energy-secured, sovereign-grade infrastructure in the global AI compute race. LONDON, February 12, 2026 (GLOBE NEWSWIRE) - VivoPower International PLC (Nasdaq: VVPR) ("VivoPower" or the "Company"), a leading B Corp-certified global developer and owner of powered land and data center infrastructure for AI compute applications, today announced it has successfully completed a $30 million strategic private investment in public equity (PIPE). The PIPE is in the form of convertible preference shares with a $6.80 per share conversion price and a 6% annual PIK coupon. Investors include leading technology and infrastructure investors, including New York-based investment group Blue Sky Capital (BSC). BSC is widely recognized as an early investor in AI data centers globally. In addition, leading sovereign family offices in the GCC (Gulf Cooperation Council) region participated in the PIPE, as did VivoPower Chairman Kevin Chin. The PIPE investment, structured as convertible preference shares, is priced at $6.80 per share with a 6% annual PIK coupon to reflect long-term alignment with VivoPower’s Sovereign AI strategy. This premium is driven by the conviction that the Company’s expansion into AI infrastructure for sovereign nations and hyperscalers will unlock significant value creation. Proceeds will be primarily deployed to scale the Company’s high-performance AI data center portfolio and for general working capital purposes. This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities in the United States or any other jurisdiction. About VivoPower Originally founded in 2014 and listed on Nasdaq since 2016, VivoPower is an award-winning B Corporation with a global footprint spanning the United Kingdom, Australia, North America, Europe, the Middle East, and Southeast Asia. Today, VivoPower’s mission is to be the independent, trusted partner for sovereign nations that develop and operate sustainable data center infrastructure, ensuring sovereign control over power, data, and national intelligence. In doing so, VivoPower helps sovereign nations bridge the gap between their energy assets and their AI ambitions by providing the Power-to-X infrastructure necessary to build and control their own domestic intelligence hubs. Forward-Looking Statements This communication includes certain statements that may constitute "forward-looking statements" for purposes of the U.S. federal securities laws. Forward-looking statements include, but are not limited to, statements that refer to projections, forecasts, or other characterizations of future events or circumstances, including any underlying assumptions. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intends," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements may include, for example, statements about the achievement of performance hurdles, or the benefits of the events or transactions described in this communication and the expected returns therefrom. These statements are based on VivoPower's management's current expectations or beliefs and are subject to risk, uncertainty, and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive, and/or regulatory factors, and other risks and uncertainties affecting the operation of VivoPower's business. These risks, uncertainties, and contingencies include changes in business conditions, fluctuations in customer demand, changes in accounting interpretations, management of rapid growth, intensity of competition from other providers of products and services, changes in general economic conditions, geopolitical events, and regulatory changes, and other factors set forth in VivoPower's filings with the United States Securities and Exchange Commission. The information set forth herein should be read in light of such risks. VivoPower is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, changes in assumptions, or otherwise. Contact Shareholder Enquiries media@vivopower.com 13/02/2026 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
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Aprea Therapeutics Strengthens Global Patent Portfolio in DNA Damage Response (DDR) Cancer Therapeutics, Paving Way for Pipeline Growth

EQS via SeaPRwire.com / 12/02/2026 / 10:14 UTC+8 New patents granted in 2025 in Australia and Japan bolster global IP coverage for Aprea’s WEE1 and ATR programs. Core patent families are expected to provide exclusivity into 2045. Lead WEE1 inhibitor candidate APR-1051 is advancing in Phase 1 trials, with early clinical proof of concept demonstrated and multiple 2026 data readouts anticipated Broad intellectual property protection and ongoing clinical progress position Aprea for long-term value creation DOYLESTOWN, Pa., Feb. 12, 2026 (GLOBE NEWSWIRE) -- Aprea Therapeutics, Inc. (Nasdaq: APRE) (“Aprea” or the “Company”), a clinical-stage biopharmaceutical company developing innovative therapies that exploit cancer-specific vulnerabilities while minimizing damage to healthy cells, today announced significant recent expansions of its global intellectual property estate supporting its DDR-focused oncology pipeline. Aprea’s patent strategy is designed to secure durable global protection around its proprietary molecules, formulations, and therapeutic applications, to de-risk clinical development and maximize long-term commercial value. “Our intellectual property estate is a foundational asset for Aprea and a key component of our long-term strategy to create value and differentiate Aprea within the DDR therapeutics field,” said Oren Gilad, Ph.D., President and Chief Executive Officer of Aprea. “We are building a broad, defensible portfolio across both our WEE1 and ATR programs, strengthened by multiple new patents granted in 2025 in key global markets. This portfolio is designed to protect our core compounds, formulations, and methods of use. By securing broad protection globally into the 2040s, we are positioning our assets for further development, future commercialization and potential strategic transactions with the ultimate goal of bringing new treatment options to patients with difficult-to-treat cancers.” The Company’s lead WEE1 inhibitor, APR-1051, is currently being evaluated in the ACESOT-1051 Phase 1 clinical trial in advanced/metastatic solid tumors harboring certain cancer-associated gene alterations. Aprea’s WEE1 kinase inhibitor program is backed by an expanding global patent portfolio. The intellectual property estate includes one provisional U.S. patent application, two pending U.S. patent applications, one issued patent in Australia (issued in 2025) and 13 pending applications outside the United States. If granted, the core patents in the WEE1 family are expected to provide protection through 2042, excluding any additional regulatory exclusivities that may be available. The WEE1 portfolio is expected to protect key program assets, including new chemical entities (e.g., APR-1051), new pharmaceutical compositions comprising those entities, and methods of treating a range of oncology indications. The Company’s lead ATR inhibitor, ATRN-119, is currently being evaluated in the ABOYA-119 clinical trial as monotherapy in patients with advanced solid tumors. The Company’s ATR inhibitor program is protected by a robust patent estate. This includes four issued U.S. patents and one pending U.S. application, and one international application, as well as 21 granted patents, including one recently issued in Japan in 2025, and 15 pending applications in international jurisdictions. The ATR portfolios protects new chemical entities, new pharmaceutical compositions comprising those entities, and methods of treating a range of oncological indications. Existing issued patents are expected to remain in force through 2035–2037, excluding any additional regulatory exclusivity that may be available. The pending applications, if granted, could extend intellectual property protection into 2045. Aprea filed provisional applications in the U.S. in 2025 covering macrocyclic undisclosed DDR target inhibitors and methods of their preparation and use. About ApreaAprea is pioneering a new approach to treat cancer by exploiting vulnerabilities associated with cancer cell mutations. This approach was developed to kill tumors but to minimize the effect on normal, healthy cells, decreasing the risk of toxicity that is frequently associated with chemotherapy and other treatments. Aprea’s technology has potential applications across multiple cancer types, enabling it to target a range of tumors, including ovarian, endometrial, colorectal, prostate, and breast cancers. The company’s lead programs are APR-1051, an oral, small-molecule inhibitor of WEE1 kinase, and ATRN-119, a small molecule ATR inhibitor, both in clinical development for solid tumor indications. For more information, please visit the company website at www.aprea.com. Forward-Looking Statement Certain information contained in this press release includes “forward-looking statements”, within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended related to our study analyses, clinical trials, regulatory submissions, and projected cash position. We may, in some cases use terms such as “future,” “predicts,” “believes,” “potential,” “continue,” “anticipates,” “estimates,” “expects,” “plans,” “intends,” “targeting,” “confidence,” “may,” “could,” “might,” “likely,” “will,” “should” or other words that convey uncertainty of the future events or outcomes to identify these forward-looking statements. Our forward-looking statements are based on current beliefs and expectations of our management team and on information currently available to management that involve risks, potential changes in circumstances, assumptions, and uncertainties. All statements contained in this press release other than statements of historical fact are forward-looking statements, including statements regarding our ability to develop, commercialize, and achieve market acceptance of our current and planned products and services, our research and development efforts, including timing considerations and other matters regarding our business strategies, use of capital, results of operations and financial position, and plans and objectives for future operations. Any or all of the forward-looking statements may turn out to be wrong or be affected by inaccurate assumptions we might make or by known or unknown risks and uncertainties. These forward-looking statements are subject to risks and uncertainties including, without limitation, the risk that the proposed private placement and the transactions described herein may not be completed in a timely manner or at all, the failure to realize the anticipated benefits of the private placement and related transactions, market and other conditions, as well as other factors described under “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and elsewhere in the documents we file with the U.S. Securities and Exchange Commission. For all these reasons, actual results and developments could be materially different from those expressed in or implied by our forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements, which are made only as of the date of this press release. We undertake no obligation to update such forward-looking statements for any reason, except as required by law. Investor Contact: Mike MoyerLifeSci Advisorsmmoyer@lifesciadvisors.com 12/02/2026 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
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Sands China, Alipay and Macau Pass Deepen Partnership to Drive Digital Upgrade

EQS via SeaPRwire.com / 12/02/2026 / 10:00 UTC+8 Leveraging innovative payment experience to attract visitors to Macao Macao, Feb. 12, 2026 – During Chinese New Year, Sands China Ltd., Alipay, and Macau Pass, are further deepening their partnership to enhance the smart tourism experience, while supporting the digital upgrade of Macao’s tourism sector and local merchants’ operations. Together, they have launched the ‘Tap for Luck, Tap for Golden Surprises’ Chinese New Year campaign. Built on Alipay Tap! interactive technology, the campaign integrates tap-to-check-in interactions and other engaging features to attract more tourists to Macao, offering them a seamless, one-stop smart spending experience. Sands China has fully implemented Alipay Tap! across its resorts, offering a seamless tap-to-pay experience in a broad range of scenarios, from retail and dining to beauty, fashion and souvenir shops. This upgrade not only significantly simplifies the payment process for consumers but also greatly enhances operational efficiency for businesses. Sands China has also introduced the handheld Alipay Tap! devices, enabling staff to process payments anywhere in the store. This improves service efficiency and customer experience, particularly in high-end settings. Grant Chum, Chief Executive Officer and Executive Director of Sands China Ltd., said, “Sands China is honoured to be the first operator in Macao to roll out the Alipay Tap! digital experience, marking a significant step forward in our collaboration with Alipay. By integrating the strengths of the tourism and leisure industry with digital payment platforms, this partnership not only creates a smarter and more convenient consumption and payment experience for guests but also unlocks new digital business and marketing opportunities, injecting fresh vitality into the development of Macao as a smart city and the high-quality growth of its tourism industry.” Han Xinyi, CEO and Executive Director of Ant Group, stated, “As a vital hub for digital connectivity in the Greater Bay Area, Macao offers an ideal environment for digital technology innovation and deployment. By extending Alipay Tap! service from payments into membership engagement, interactive experiences, and handheld-checkout scenarios, we aim to keep improving the convenience of payments and consumption, and to foster deeper integration and innovation across the Greater Bay Area’s digital ecosystem.” Sun Hao, Macau Pass Chairman and CEO, said, “As a leader in Macao’s local digital services, Macau Pass has always been committed to using technology to drive industry development and improve people’s livelihoods. This collaboration is another important step following our push to promote Alipay Tap! payment service, as we deepen scenario-based applications and expand our service ecosystem. We will continue to work with partners to deliver innovative experiences and support Macao’s smart-city development.” Launched over a year ago in Macao, the Alipay Tap! service has evolved from a convenient payment tool into a comprehensive digital ecosystem, now enabling interactive Alipay Tap! check-ins, ‘Pay-to-Join’ membership and handheld-checkout across multiple service scenarios. Its coverage and depth of services continue to grow, not only enhancing the spending experience for visitors to Macao, but also digitally integrating traditionally fragmented functions such as cashiering, membership registration, user operations and offline events. The solution simplifies checkout processes, lowers operating costs, improves member retention and engagement, and more closely aligns offline consumer scenarios with user demand. Photo: Alipay's ‘Tap for Luck, Tap for Golden Surprises’ Chinese New Year campaign available at Sands China's resorts. About Sands China Ltd. Sands China Ltd. (Sands China or the Company) is incorporated in the Cayman Islands with limited liability and is listed on The Stock Exchange of Hong Kong Limited (HKEx: 1928). Sands China is the largest operator of integrated resorts in Macao. The Company’s integrated resorts on the Cotai Strip comprise The Venetian® Macao, The Plaza® Macao, The Parisian® Macao and The Londoner® Macao. The Company also owns and operates Sands® Macao on the Macao peninsula. The Company’s portfolio features a diversified mix of leisure and business attractions and transportation operations, including large meeting and convention facilities; a wide range of restaurants; shopping malls; world-class entertainment at The Venetian Arena, The Londoner Arena, The Venetian Theatre, The Parisian Theatre, the Londoner Theatre and the Sands Theatre; and a high-speed Cotai Water Jet ferry service between Hong Kong and Macao. The Company’s Cotai Strip portfolio has the goal of contributing to Macao’s transformation into a world centre of tourism and leisure. Sands China is a subsidiary of global resort developer Las Vegas Sands Corp. (NYSE: LVS). For more information, please visit www.sandschina.com. About MACAU Pass Group Holdings Limited Macau Pass Group Holdings Limited is a diversified group company engaged in various fields, including financial technology, payment services, local lifestyle services, tourism services, and cultural performances. Macau Pass Group is committed to continuous innovation and development, aiming to serve as a bridge connecting Macao with the world and promoting the common prosperity of the regional economy and culture. One of subsidiaries of Macau Pass Group, Macau Pass S.A, has issued the first contactless smart electronic payment card in Macao, the mCard, with a cumulative issuance exceeding 5.5 million cards, meeting the payment needs of all residents and tourists at nearly 30,000 payment points in Macao. Its sub-brand, MPay, registered users accounting for over 90% of the total local population and is also the local app with the highest daily active users in Macao. Macau Pass Group also operates a highly recognized and utilized membership points system in Macao, mCoin, which has partnered with various cultural, sports, and exhibition events. mPass integrates a variety of one-stop local services, providing consumers visiting Macao with a diverse range of products and services, including dining, cultural entertainment, transportation, shopping, and travel vacations, taking consumers to explore the vibrant life in Macao. Media contacts: Public Relations, Sands China Ltd. Dan Li Tel: +853 8118 2056 Email: dan.li@sands.com.mo Posy Kuok Tel: +853 8118 2010 Email: posk.kuok@sands.com.mo Public Relations, Macau Pass Group Holdings Ltd. Zoe Fan Tel: ++86 18811719921 Email: fanpei.fp@alibaba-inc.com 12/02/2026 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
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Harkness Consulting Solutions Reports Continued Client Engagements Among Public Agencies During Change

EQS via SeaPRwire.com / 10/02/2026 / 12:09 UTC+8 Albany, New York - February 10, 2026 - (SeaPRwire) - Harkness Consulting Solutions , a boutique consulting firm, recently reported continued contract engagements from public sector clients despite economic shifts. Public agencies rarely maintain long consulting ties through leadership turnover and political pressure. Harkness Consulting Solutions stands apart, with many public sector clients renewing work after initial contracts close, even as priorities, administrators, and budgets shift. Photo Courtesy of Fullness of Joy Photography LLC Harkness Consulting Solutions works with public agencies, nonprofits, and higher education institutions across New York State and the Northeast. Founded by Melody Harkness Mobele, the firm focuses on organizational change, workforce development, operational consulting, and strategic planning. Strategic planning remains the most requested service, particularly during periods of transition and administrative turnover. Growth has occurred without outside capital. The firm relies on referrals, renewals, and long-term trust rather than scale. Senior leadership remains directly involved in client engagements, influencing both pace and outcomes. According to Harkness, "Public sector decisions affect communities in real time. Leaders look for advisors who stay present and accountable from planning through delivery." Agencies often seek help after earlier consulting work failed to translate into daily operations. Thick reports and abstract models leave staff unable to act within existing rules and capacity. Harkness Consulting Solutions begins with listening sessions, document reviews, and observation of how decisions move through an organization. Staff engage leadership, managers, and frontline teams. Language stays plain. Plans reflect real constraints rather than ideal scenarios. Government settings require attention to procurement rules, reporting demands, and public scrutiny. The firm factors these conditions into its work from the start, allowing agencies to carry plans forward once consultants exit. Many clients return during later reforms, audits, reorganizations, or service expansions. Continuity matters when pressure repeats. "Stability matters when everything else feels uncertain. People remember who stays engaged when pressure increases," Harkness said. Operating without investors shapes every decision. Hiring follows confirmed demand. Systems grow through trial and correction. Cash flow receives close attention. The firm remains intentionally small, giving clients direct access to senior leadership during planning sessions, progress reviews, and closeouts. Recent engagements include equity-informed organizational change, examined through authority structures, information flow, and accountability rather than slogans. Clients responded to clarity grounded in daily practice. The firm adapts quickly across sectors, including travel and tourism, healthcare services, social justice organizations, higher education, and public agencies. National growth remains under consideration, with depth favored over speed. "Trust builds when advice fits the work people do each day," Harkness added. Harkness Consulting Solutions is a boutique consulting firm serving public agencies, nonprofits, and higher education institutions across New York State and the Northeast. Founded by Melody Harkness Mobele, the firm provides strategic planning, organizational change, workforce development, and operational consulting with senior leadership directly involved in all client work. Media Contact Company: Harkness Consulting Solutions LLC Contact: Barbara Kumi Email: info@harknessconsultingsolutions.com Website: https://harknessconsultingsolutions.com/ Address: PO Box 3887 Albany, New York, USA, 12203 10/02/2026 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
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From Smart Home Leader to Global Technology Powerhouse: Dreame Technology Goes Prime Time with a Commercial on NBC During Game Day

EQS via SeaPRwire.com / 10/02/2026 / 01:00 UTC+8 Leading Smart Home Innovator Signals Major U.S. Market Commitment with Nationwide Commercial Featuring Full Product Ecosystem, Including Nebula NEXT 01 Concept Electric Hypercar Los Angeles, Feb. 9th, 2026 — Dreame Technology, a leader in smart home innovation, today announced its most significant global media moment to date with a multi-million dollar nationwide television commercial premiering during Game Day on February 8th. “For nearly a decade, we've pushed the boundaries of smart home innovation—and now we're bringing that dedication directly to North American consumers," said Ana Wang, General Manager of Dreame Technology North America. "This commercial isn't just about visibility; it's a statement of commitment. We're investing in this market for the long term, continuing to innovate specifically for the needs of U.S. households as we build Dreame into a trusted household name.” Airing across NBC's local affiliate network and reaching millions of American households during one of television's most-watched nights, the spot highlights Dreame's comprehensive technology ecosystem, from award-winning robot vacuums, lawnmowers, and the Nebula NEXT 01 Concept electric hypercar, demonstrating the company’s multisector technology expansion. Showcasing the Complete Dreame Ecosystem Building on the brand’s momentum, where it took home more than 50 awards for its innovative products, the commercial will feature Dreame's comprehensive smart living ecosystem, including: Robot and Wet Dry Vacuums – At just 7.95cm tall, the X60 Max Ultra Complete is Dreame's thinnest robot vacuum, designed to clean under low furniture where traditional vacuums can't reach. Its AI-Enhanced OmniSight™ navigation and 35,000Pa suction power tackle dirt with precision, while dual flex arms and heated mopping ensure thorough edge and corner cleaning. Additionally, Dreame introduces the brand-new, ultra-slim Aero Pro wet dry vacuum. At just 3.88 inches thin, it delivers stronger 25,000Pa suction and is equipped with TangleCut™ 2.0 technology to effortlessly handle long hair and pet fur. The built-in hot-air self-cleaning system keeps the roller fresh and odor-free—clean, powerful, and truly next-gen. Personal Care – The versatile 7-in-1 Dreame AirStyle Pro hair styler, powered by JetAirflow™ Technology for fast drying, enables precise drying, curling, and straightening in a lightweight design with smart heat control for salon-quality results. Home Air Care — Built for homes with people and pets, the Dreame AP10 Air Purifier captures pet hair, efficiently filters PM2.5, and reduces odors from pet waste and everyday pollutants. Smart Outdoor – The A3 AWD Pro Robotic Mower features dual AI cameras and 3D LiDAR to detect obstacles up to 70 meters away, enabling precise edge trimming and navigation. With its all-terrain 4WD system, it handles slopes up to 80° and crosses obstacles up to 5.5 cm high. This ensures consistent, thorough coverage across your entire yard. The Z2 Ultra Robotic Pool Cleaner features 3D laser mapping, 7-in-1 surface cleaning, and auto-docking and charging upon completing a cleaning cycle. Dreame Automotive – Featuring the Dreame Nebula NEXT 01 Concept electric hypercar, with 1,876 horsepower from four electric motors, 0-62mph acceleration in 1.8 seconds, and active aerodynamics. The high-performance vehicle embodies the brand's pursuit of ultimate efficiency and performance, prioritizing aerodynamic efficiency through multifunctional structures that optimize cooling, airflow management, and high-speed performance while balancing luxury aesthetics with safety. Nine Years of Innovation, One Powerful Message Founded in 2017, Dreame Technology has rapidly ascended to become a global leading robotic vacuum brand and a dominant force across smart home categories, cementing its position as a technology innovator recognized at CES, IFA, and the world's premier showcases. Now available in over 120 countries through 6,500+ retail locations and flagship brand stores in major global cities, Dreame is bringing its mission of advancing civilization through technology to American households. The February 8th commercial during Game Day marks a pivotal moment: introducing U.S. audiences to a comprehensive vision of intelligent living—from autonomous cleaning systems and wire-free robotic lawn care to next-generation electric vehicles—all powered by continuous R&D investment and unified by Dreame's commitment to premium, intelligent design that transforms everyday life into effortless experiences. About Dreame Technology Established in 2017, Dreame Technology is an innovative consumer product company focused on smart home cleaning appliances with the vision to empower lives through technology. Follow us on Facebook, Instagram, TikTok and Twitter. For more information, please visit https://www.dreametech.com/. Media Contact: Roger WanEmail: rogerwan@dreame.tech 10/02/2026 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
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200 Mainland Firms Gather in Hong Kong to Expand Overseas as the GBA Association of Listed Companies Hosts 2026 Spring Festival Gala

EQS via SeaPRwire.com / 09/02/2026 / 17:13 UTC+8 On Feb. 6, the 2026 Spring Festival Gala Dinner hosted by the Greater Bay Area Association of Listed Companies, alongside a roundtable forum on mainland Chinese companies using Hong Kong as a platform to expand overseas, was successfully held in Hong Kong. The event brought together 48 officiating guests, including members of the Standing Committee of the National People’s Congress(NPC), the Standing Committee members of the Chinese People’s Political Consultative Conference(CPPCC) National Committee, deputies to the National People’s Congress, CPPCC members, and Legislative Council members. More than 200 participants also attended, including representatives from high-profile listed companies such as Insta360 (688775.SH) and Intellifusion (688343.SH), as well as national key robotics and technology firms, “specialized and sophisticated” small and medium-sized enterprises, including ENGINEAI and JR Talent, to discuss the broad prospects for mainland firms leveraging Hong Kong to go global and to celebrate the Lunar New Year of the Horse. A number of high-profile figures attended the event, including Starry Lee Wai-king, a member of the Standing Committee of the National People’s Congress and President of the eighth Hong Kong’s Legislative Council; Dr. Xu Guowei, Founding Chairman of the Greater Bay Area Association of Listed Companies ; Zhong Xueyong, Founding President of the association; Dr. Ko Wing-man, a member of the Standing Committee of the CPPCC National Committee and a member of the Hong Kong Special Administrative Region Executive Council, who also serves as the association’s Permanent Honorary President; Mr. Bernard Chan Pak-li, Deputy Director for Commerce and Economic Development Bureau of the Hong Kong government; and Tam Yiu-chung, an NPC Standing Committee member and Secretary-General of the Hong Kong Coalition, who is also a Permanent Honorary President of the association. The roundtable discussion on mainland Chinese companies leveraging Hong Kong as a springboard for overseas expansion featured Chen Guozhang, Global Strategy Executive Officer of ENGINEAI; Zheng Wenxian, Vice President of Intellifusion Technologies Co., Ltd (688343.SH); Hu Wei, Founder and Chairman of Shenzhen JR Talent Technology Ltd.; and Dr. Zichen, Executive Director and President of Alpha Technology Group Limited (Nasdaq: ATGL) and Chair of the association’s AI Committee. Speakers exchanged views in a lively discussion, generating a steady stream of standout quotes and key takeaways. At the event, the Greater Bay Area Association of Listed Companies signed strategic cooperation agreements with 10 mainland enterprises seeking to expand overseas via Hong Kong, aiming to support companies in accelerating their entry into international markets. The meeting also saw the establishment of the Mainland Enterprises Going Global via Hong Kong Committee. The committee will be chaired by Rock Chan Chung-nin, a deputy to the National People’s Congress and a member of the Hong Kong Legislative Council. It is expected to pool high-quality resources and professional expertise from the Greater Bay Area to help more mainland companies leverage Hong Kong as a platform for global expansion. The Greater Bay Area Association of Listed Companies has positioned “going global via Hong Kong,” tech-finance integration, and IPO services as the three pillars of its strategy. Through a professional service framework comprising 30 specialized committees, the association aims to build a secure and efficient bridge and platform for mainland Chinese enterprises expanding overseas, supporting their orderly and secure globalisation while contributing to Hong Kong’s transition from stability to prosperity. In an interview with the media, Dr. Xu Guowei, founding chairman of the Greater Bay Area Association of Listed Companies, said that Hong Kong’s name originated from its role in the spice trade, underscoring its long-standing position as a major gateway for China’s overseas commerce. He noted that Hong Kong’s distinctive institutional advantages, well-developed financial markets, robust legal framework and simple tax regime make it an ideal springboard for mainland enterprises seeking to expand globally. He encouraged companies to leverage Hong Kong’s professional services to pursue secure international expansion and reach global markets. Zhong Xueyong, founding president of the Greater Bay Area Association of Listed Companies, said that “companies that fail to go global risk being eliminated, but those that expand overseas without proper preparation face the same outcome, thus ensuring a safe and steady path to global markets has become one of the most pressing challenges for Chinese enterprises in the current era.”Zhong noted that the association is aligning its work with national policy priorities to provide mainland enterprises with professional and comprehensive support for overseas expansion, adding that Hong Kong remains a preferred gateway for companies seeking access to global markets. 09/02/2026 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
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AI’s ‘Hard Battle’: How Huaqin Technology (SHA: 603296) Becomes the ‘Industrial Opportunity Captor’ in the AI Multi-Terminal Era

EQS via SeaPRwire.com / 09/02/2026 / 11:25 UTC+8 Preface: When AI moves from the cloud to the physical world, who can undertake the complexity of the real world? In this wave of AI investment, capital markets have focused heavily on the upstream computing power, foundational models, and application layers. This logic is clear and highly flexible, but precisely because of this, competition has quickly become fierce. In contrast, the capabilities required for integrating, manufacturing, and mass-delivering complex hardware systems during AI's transition from "cloud-based capabilities" to the "real world" have been underestimated. However, a clear trend is emerging: AI capabilities are beginning to migrate from the cloud to local devices. Although brand manufacturers are still in the exploration phase, AI PCs, AI smartphones, AI glasses, and embodied intelligent devices are accelerating their launch, with some products gradually entering the market introduction stage. Historical experience has repeatedly shown that when product forms mature and scale begins to expand, complex manufacturing and system integration capabilities will ultimately concentrate in the ODM ecosystem. Rather than betting on the outbreak of a single terminal, it is better to focus on terminal platform companies that can repeatedly deliver complex AI hardware in various forms. Against this backdrop, reviewing Huaqin Technology (SHA: 603296)'s development path is quite representative. Recently, Huaqin Technology announced that it is undertaking work in relation to the proposed issue of overseas listed foreign shares (H Shares) and its listing on the Main Board of The Stock Exchange of Hong Kong Limited (HKEX). The Listing Committee of HKEX held a listing hearing on 5 February 2026 to consider the company’s application for the proposed offering and listing. The joint sponsors for the transaction received a letter from HKEX on 6 February 2026, which states that the Listing Committee has reviewed the company’s listing application. However, such letter does not constitute formal listing approval, and HKEX reserves the right to provide further comments on the company’s listing application. I. Starting from Smartphones: How Huaqin Evolved into an AI Hardware Platform with Multi-Terminal Layout AI is an unprecedented technological wave, but it is not without historical references. As described in the classic tech history book "On Top of Tides", science and technology are the main driving forces for social progress in our era. Technological revolutions have created winners standing at the crest of the wave and buried losers who cannot keep up. Looking back at Huaqin Technology's development trajectory, a recurring feature emerges: it has built capabilities before almost every round of industrial upgrading and become the recipient of demand when the industry truly scales up, riding the crest of multiple technological revolutions. Founded in 2005 by a team of founders with backgrounds from Tsinghua University and Zhejiang University, the company initially entered the market through smartphone motherboard design (IDH), providing R&D support for the rapidly rising domestic smartphone brands. Around 2010, as the wave of smartphone upgrades emerged, Huaqin Technology judged that pure design services could no longer meet brand customers' dual demands for efficiency and cost. It then extended downstream, building end-to-end capabilities from R&D and design, procurement and operations to manufacturing, completing the transformation to full-device ODM. This transformation made it the global leader in smartphone ODM shipments for the first time in 2011, and it has maintained a leading position in the industry for many years since then. But more importantly than the "number one" position is that the smartphone business itself has greatly tempered Huaqin's systematic capabilities Smartphones were already one of the most complex systems in consumer electronics at that time: involving radio frequency, heat dissipation, stacking, imaging, OS/driver adaptation, supply chain collaboration, and a manufacturing rhythm with extremely strict requirements for yield rate and ramp-up speed. For ODMs, what the smartphone business truly precipitated was not orders, but R&D-oriented full-device engineering capabilities, cross-supply chain organizational capabilities, and a systematic methodology from R&D to mass production. This systematic methodology is summarized by Huaqin Technology itself as the ODMM four quadrants: Efficient Operations, R&D and Design, Advanced Manufacturing, and Precision Structural Components. These four capabilities are interlocked to form a closed loop. On the R&D side, the company has formed a "1+5+5" global layout, with nearly 19,000 R&D and technical personnel; its R&D expenditure in 2024 reached 5.156 billion yuan. On the manufacturing side, the company has established a global manufacturing network of "China + VMI" (five locations in China + Vietnam, Mexico, India), with synchronous layouts at home and abroad to support the global delivery of multi-product and multi-customer orders. In addition, Huaqin Technology's customer service has long surpassed the traditional meaning of "after-sales service," evolving into an "end-to-end" one-stop service capability covering product definition, R&D and design, manufacturing, and operation and maintenance. This "end-to-end" service model has greatly reduced the complexity of supply chain management for brand customers and shortened the product launch cycle. When dealing with top-tier customers such as CSPs (Cloud Service Providers), Huaqin's service model has been further upgraded to close collaboration and Joint Design and Manufacturing (JDM). This is one of the core advantages that enabled the company to stand out in the highly demanding CSP market. Notably, software capabilities are becoming an important differentiator between Huaqin Technology and traditional manufacturing-oriented ODMs. Positioned as an "intelligent product platform enterprise," it is a hardware company with strong software capabilities. This difference stems from the software background of its founding team and long-term continuous investment in software, algorithms, and systems. Huaqin Technology's founding team has a strong software background (Qiu Wensheng, Cui Guopeng, and CTO Wu Zhenhai are all software engineers by training, while Chen Xiaorong is a hardware engineer), which has injected a software gene into the company. In addition, the company has continued to invest in software capabilities, with layouts in AI software, visual recognition, and other fields. In the era of edge AI, as local inference, multi-sensor fusion, and multimodal interaction gradually become the norm, software and systems engineering will directly affect the capability boundaries of hardware products Once system integration capabilities and platform capabilities are established, they have the ability to spill over to more complex hardware. From the system integration of laptops, the multi-category collaboration of tablets and wearables, the reliability and delivery rhythm requirements of data center equipment, to the software-hardware collaboration and safety redundancy standards of automotive electronics and robots, these are not as simple as "contract manufacturing for another category." For example, tablets require larger screen interaction and battery life optimization, laptops involve more complex x86/ARM multi-architecture adaptation, and smart wearables demand extreme miniaturization and low-power design. To meet the needs of different categories, Huaqin has standardized core modules through a platform-based technology middle office, enabling efficient cross-category R&D and delivery. According to a report by CIC Consulting, Huaqin leads the world in multiple categories. By cumulative smartphone ODM shipments from 2020 to 2024, Huaqin ranks first globally; by ODM shipments in 2024, the company also ranks first globally in tablets and smart wearables; in the laptop sector, by shipments in 2024, Huaqin has become the fourth-largest laptop ODM globally and the largest in Chinese Mainland. These data indicate that Huaqin Technology has taken a central position in the multi-terminal delivery system. Huaqin has a vision of "making hardware accessible to all," and its platform-based capabilities are the cornerstone of this vision. Such capabilities are crucial in the AI era, because AI will not be confined to a single terminal form but will reshape the entire hardware industry chain through the parallel development of multiple terminals, possibly in unexpected directions. Huaqin Technology's evolution history resembles a textbook on pre-positioning for each round of technological revolution. As AI hardware demand explodes, the company may be on the verge of a new growth phase. II. When Capabilities Meet a New Technological Cycle: The Realization Path of AI Increment at Huaqin Technology After confirming that Huaqin already possesses the underlying capabilities for multi-terminal expansion, a more critical question arises: Have these capabilities been translated into sustainable business growth in this new AI technological wave, and how will they continue to do so? Huaqin's strong scalability, driven by its system integration capabilities, is even more important in complex fields such as servers and automotive electronics. According to public information, the company's implemented "3+N+3" strategy takes smartphones, laptops, and servers as the three core pillars, expands into N types of ecological products such as smart life and commercial digital productivity, and lays out three innovative directions: automotive electronics, software, and robots. The increments brought by AI are being gradually realized across Huaqin's "3+N+3" business landscape, following a path from B-end to C-end and from computing power infrastructure to intelligent terminals. Among these, the first to reflect AI-related increments are not conceptual consumer-facing products, but businesses related to data centers and computing power infrastructure. As early as 2017, before the industry boom, Huaqin Technology strategically entered the data center business. Through continuous R&D investment and technical accumulation, it has built a complete layout covering AI servers, general-purpose servers, storage servers, and data center switches. More notably, Huaqin Technology is one of the few ODM manufacturers with both server and switch technical capabilities. Its products are compatible with mainstream GPU/CPU platforms and support high-speed, high-bandwidth, and low-latency networking, which is a distinct advantage amid the continuous expansion of AI computing power clusters. As AI training and inference demand drive the rapid growth of the computing power market, this business is accelerating its entry into the harvest period. According to Huaqin Technology's external communication disclosure in 2025: the revenue of the data business in 2025 exceeded 40 billion yuan, achieving nearly doubled growth overall, of which AI servers accounted for over 70%, and switch operating income achieved multiple growth year-on-year, exceeding 2.5 billion yuan. Unlike consumer electronics, the data center and server business has higher requirements for system reliability, delivery stability, and long-term collaboration capabilities, with greater customer switching costs. Once entering the core supply system, the business often exhibits stronger sustainability. From a capital market perspective, such businesses are not known for "short-term outbreaks" but are more conducive to extending the company's overall growth cycle, freeing it from being dominated by the fluctuations of a single consumer electronics industry. At the same time, consumer electronics, driven by the AI wave, has become an evolving core business. The integration of AI has driven an overall improvement in product structure, per-unit value, and R&D complexity. Taking AI PCs as an example, they impose higher requirements on overall device heat dissipation, power management, software-hardware collaboration, and supply chain rhythm. These capabilities are derived from long-term accumulation. As early as 2015, Huaqin Technology entered the laptop ODM market, breaking the monopoly of Taiwanese manufacturers in this field. By 2024, the company's laptop shipments exceeded 15 million units, and it successfully entered the supply chain of HP, the world's second-largest PC brand. According to Gartner and Canalys, the penetration rate of AI PCs is rising rapidly, expected to exceed 100 million units in 2025 with a penetration rate of nearly 40%; by 2028, shipments will reach 200 million units, with a compound annual growth rate of over 40% from 2024 to 2028. In the field of emerging businesses, Huaqin's layout is also worthy of attention. In automotive electronics, the company has built full-stack product capabilities covering four major areas: intelligent cockpits, intelligent connectivity, intelligent vehicle control, and autonomous driving, and has reached multiple cooperation agreements with domestic automakers. Among them, in the intelligent cockpit field, Huaqin has completed full product coverage from entry-level to flagship models, with complete full-stack development and mass production experience from hardware underlying layers, software middleware to upper-layer HMI design. It has launched mid-range ADAS solutions based on Horizon Journey 6 series and high-end ADAS solutions based on NVIDIA Thor platform. In 2025, the automotive electronics business has achieved large-scale mass production, becoming a new growth highlight Multiple securities firms predict that global new energy vehicle sales will maintain high prosperity in 2026, with sales expected to reach a record high, driving high growth in industry chain demand. In addition, as the trend of autonomous driving popularization accelerates, policy incentives are implemented, and mapless NOA technology matures, high-end autonomous driving is rapidly penetrating the mass market. Although the current scale of the automotive electronics business is still relatively small compared to the company's overall revenue, it is expected to expand rapidly in line with industry trends. In the robot track, Huaqin aims to become a leading supplier of full-stack robot solutions in the 3C manufacturing field. The company has established a robot technology R&D team, leveraging its integrated advantages in CPU, GPU, sensors, and multimodal interaction technologies to explore humanoid robot R&D, and using its rich industrial scenarios to provide data support for product iteration. It is reported that in response to the needs of industrial manufacturing scenarios, the company is developing wheeled robots suitable for flexible manufacturing, which are expected to be delivered by the middle of this year; in the field of humanoid robots, the company completed the first-generation debugging of its self-developed biped humanoid robot in 2025, is planning the second-generation biped humanoid robot, and is conducting technical and business exchanges with multiple overseas leaders to actively explore cooperation opportunities; in the field of data collection robots, the company efficiently completed the development and delivery of data collection robots for a large model company in 2025. Although the current scale of these businesses is small, they are consistent with the company's existing software-hardware collaboration and complex system integration capabilities, providing more options for the future. Overall, Huaqin's growth in the AI cycle does not stem from the "re-outbreak" of a single terminal, but from leveraging platform-based capabilities to sequentially undertake demand across multiple business lines, forming a sustainable growth driver. This realization path is more akin to an industrial opportunity captor rather than a single-category manufacturer. III. When AI Extends the Cycle: How Capital Markets Re-price Huaqin Huaqin Technology's achievements in this round of AI are clearly reflected in its financial data. In the first three quarters of 2025, the company's cumulative revenue reached 128.88 billion yuan, a year-on-year increase of 69.6%; the net profit attributable to shareholders was 3.1 billion yuan, a year-on-year increase of 51.2%. The company recently issued an announcement, expecting its 2025 annual operating income to be approximately 170 billion yuan to 171.5 billion yuan, a year-on-year increase of 54.7% to 56.1%; the expected net profit attributable to shareholders is approximately 4 billion yuan to 4.05 billion yuan, a year-on-year increase of 36.7% to 38.4%. A more important indicator is the transformation of revenue structure: by product category, the proportion of high-performance computing business revenue in Huaqin Technology's total revenue rose to 60% in the first half of 2025, becoming the company's largest source of income. Among them, the core data center business contributed significantly, with Sinolink Securities Research Institute predicting that the revenue scale will exceed 40 billion yuan in 2025. Chart: Huaqin Technology's Business Structure in H1 2025, with High-Performance Computing Accounting for 60% Driven by AI, global computing power demand continues to expand. Data center construction, computing power upgrades, and network architecture evolution are becoming highly certain directions in hardware demand. From a more macro perspective, data from China Insights Consultancy (CIC) shows that the global data infrastructure market size has grown from 855.43 billion yuan in 2020 to 2.14224 trillion yuan in 2024, and is expected to increase to 4.99881 trillion yuan by 2030. Among them, the market size of AI servers reached 754.81 billion yuan in 2024, accounting for over 30% of the total, making it the primary growth engine. In addition, as the penetration rate of AI at the edge accelerates, Huaqin Technology's growth path presents a multi-level driven pattern. The intelligent terminal business will continue to support stable growth of the core business through acquisitions and integration, as well as the continuous increase in ODM industry penetration rate. Long-term momentum will come from innovative businesses such as automotive electronics and robots, which will gradually contribute increments. In the current capital market, Huaqin's valuation still has room for revaluation. Based on the A-share closing price as of February 3rd, Huaqin Technology's expected PE ratio for 2025 is approximately 20.7 times, lower than comparable companies such as Luxshare Precision and Everwin Precision. The latter clearly shows that AI-related hardware companies have begun to enjoy a higher valuation hub. In the current capital market, Huaqin's valuation level is not caused by a single factor, but more like the superposition of multiple cognitive inertia. On the one hand, the market still tends to regard it as a leading ODM in the smartphone industry chain, believing that its performance is highly dependent on the consumer electronics cycle; on the other hand, when the company's business continues to extend to PCs, servers, and more new fields, it is easily simply interpreted as "diversified expansion," thereby triggering doubts about business focus and synergy efficiency. However, by tracing Huaqin's own development path, it is found that this understanding is not entirely accurate. From smartphones to PCs and then to servers, each business expansion of the company is not a horizontal expansion, but a progression along the direction of increasing system complexity: more complex product forms, higher requirements for engineering collaboration, deeper customer relationships, and corresponding expansion of market space and value. This expansion logic is essentially a migration and reuse of capabilities, rather than a simple addition of categories. This "complexity-driven growth path" is not without precedent in the capital market. In its early stage, Fosun International long remained in a low valuation range due to its wide business distribution and weak correlation between sectors; but over time, the market gradually realized that its core competitiveness lies not in a specific asset, but in the ability to continuously discover and seize industrial opportunities, and the valuation logic then changed accordingly. Fosun's revaluation did not stem from the outbreak of a single business, but from the re-pricing of its "opportunity capture capability." The same logic applies to Huaqin Technology. The core issue facing Huaqin Technology today is not "whether it has AI concepts," but that the capital market's valuation model is still stuck in the past narrative of "consumer electronics manufacturing." This expectation gap between fundamentals and market pricing may constitute the potential for revaluation in the capital market. 09/02/2026 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
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Hedge & Sachs Releases Report on ‘Alternative Investments: A Growing Trend in Modern Finance’

EQS via SeaPRwire.com / 05/02/2026 / 16:32 UTC+8 Dubai, UAE - February 05, 2026 - (SeaPRwire) - Hedge & Sachs has released its report on 'Alternative Investments: A Growing Trend in Modern Finance'. Across major economies, alternative investments have moved from niche tools to an essential part of many portfolios. Investors turn to them for steadier returns, inflation protection, and diversification that is less tied to stock and bond swings. As technology simplifies access and private markets expand, these assets continue to influence methods of risk management for global investors. Expanding Avenues for Diversification Alternative investments cover a wide range of options, from tangible holdings to newer forms of assets. Real estate remains appealing, either through direct ownership or Real Estate Investment Trusts (REITs). Private equity and venture capital back promising companies, while private credit offers direct loans to businesses outside traditional banking systems. Hedge funds rely on active strategies, and commodities such as gold and oil remain important tools for managing market risk. Collectibles, from artwork to vintage cars, add another layer of value for investors with specialized interests. Investment in infrastructure—toll roads, airports, and data centers—continues to attract long-term funding from institutions. Cryptocurrencies, though volatile, contribute diversification potential to mixed portfolios, particularly where fractional ownership models are available. Compared to traditional assets, alternatives often involve longer commitments and deeper research. They tend to be less liquid and are mainly accessible to high-net-worth individuals and institutions prepared for extended horizons. Costs and regulatory demands are higher, yet many investors still see them as a way to balance periods of market stress. Market Momentum and Investor Behavior Recent years have brought steady momentum for alternative assets as global uncertainty has influenced financial strategies. Many investors seek more dependable returns to balance the unpredictable movement of public equities and bonds. Lower yields on government and corporate debt have encouraged interest in private credit, while real assets and infrastructure can offer some protection against rising prices. Technological developments such as tokenization and new investment platforms have widened access to private markets. These tools have improved transaction efficiency and transparency, drawing participation from a younger generation of investors. Private companies that stay unlisted longer create more openings for private equity and venture capital participation. Private equity remains one of the main engines behind this expansion. Firms buy private companies and aim to strengthen operations, extend market reach, or reorganize structures to support higher profitability. This hands-on involvement contributes to job creation and modernization in several sectors, reinforcing the economic role of private investments. PE investment strategies differ, but each one relies on active participation in value creation. Buyout funds acquire controlling stakes in profitable firms and seek to improve them through operational upgrades or mergers. Growth equity provides capital to established businesses entering new markets, often through minority positions. Venture capital funds invest early in tech-enabled startups with strong growth potential, while secondary and distressed investments present varied risk-return profiles that match different investor preferences. Balancing Growth and Responsibility The performance of private equity and other alternative assets in 2025 has remained stable despite uneven global conditions. Activity is healthy across buyouts and exits, while healthcare, technology-related services, and financial sectors continue to attract interest. Environmental, social, and governance standards have gained importance, prompting asset managers to adjust to higher reporting expectations and updated regulations. Broader use of alternatives is expected to continue through the decade as more investors study these asset classes. Expanding private credit markets, improved tools for analysis, and policy adjustments are projected to draw additional capital worldwide. Data-driven methods support deal evaluation and management, strengthening how portfolios are reviewed and monitored. Private equity now stands as a crucial element in wealth management strategies for institutions and sophisticated investors. Its capacity to produce balanced, risk-adjusted returns and diversify holdings reinforces its place in long-term planning. As access improves and awareness grows, alternative assets give investors a measured path toward stable, long-term value without relying solely on traditional markets.Hedge & Sachs began in 2019 as a small, self-funded trading desk and has since grown into a fully licensed and regulated advisory firm under the UAE Securities and Commodities Authority (SCA), with a 200-member team operating across multiple jurisdictions and serving more than 4,000 clients worldwide through diversified, risk-managed funds and multi-asset strategies spanning equities, events and arbitrage, fixed income, currencies, commodities, and multi-asset portfolios, supported by a global alternative investment platform anchored in the Cayman Islands, Luxembourg, and India, and complemented by its real estate arms Foremen Fiefdom and Money Plant, which have connected over a thousand clients to high-potential Dubai properties and led to the launch of ARMAS, a premium residential project in Dubai South in collaboration with Zenith Developments. Contact Information Organization: Hedge & Sachs Contact: Noorina Saifullah Email: noorina@hedgeandsachs.com Website: https://hedgeandsachs.com 05/02/2026 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
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Yuanhua Tech’s “KUNWU”, the world’s first “5-in-1” robotic orthopaedic surgical systems, won the Hong Kong Emerging Brand Award

EQS via SeaPRwire.com / 04/02/2026 / 20:29 UTC+8 On February 3, 2026, Yuanhua Robotics, Perception & AI Technologies (HK) Limited stood out in the “Hong Kong Emerging Brand Awards” organized by the Hong Kong Brand Development Council for its self-developed KUNWU® Robotic Orthopaedic Surgical Systems, becoming a shining new star in the medical technology field. This award not only highlights the company’s technology leadership in the field of robotic orthopaedic surgical systems, but also recognizes its “clinical value” and “brand innovation”. The authoritative award demonstrates the clinical value and brand innovation of Yuanhua Tech’s products Founded in 2010 by the Hong Kong Brand Development Council, the Hong Kong Emerging Brand Awards aim to recognize local companies that excel in product innovation, brand strategy, and market expansion. The judging panel comprises business leaders, brand experts, academics, and government representatives, conducting rigorous evaluations across multiple dimensions, including innovation, quality, brand image, environmental practices, and social responsibility. It is one of the most credible brand awards in Hong Kong’s business community. Against the backdrop of Hong Kong’s all-out efforts to build itself into an international innovation and technology center, this award is of great significance for Yuanhua Tech, a “hard tech” company that has achieved complete autonomy in underlying technologies and pioneering system design globally. At the award ceremony, Mr. Paul Chan, Financial Secretary of the Hong Kong Special Administrative Region Government, along with many other government officials and business leaders, presented awards to the winning companies. Receiving this award signifies that Yuanhua Tech has reached an industry benchmark level in product development and branding, and also injects new vitality into the medical technology industry in Hong Kong and even the world. Since establishing its international headquarters at the Hong Kong Science Park in September 2022, Yuanhua Tech has accelerated its integration into the local innovation and technology ecosystem. In October 2023, Yuanhua Tech, as one of the first innovative technology companies, signed an agreement with the Office for Attracting Strategic Enterprises (OASES) of the Hong Kong SAR Government, becoming a strategic enterprise partner. Backed by over 5,000 successful cases, the award-winning product boasts completely self-development and a world-first “5-in-1” approachThe biggest highlight of Yuanhua Tech’s KUNWU® Robotic Orthopaedic Surgical Systems lies in its “completely self-developed technology” and its world-first “5-in-1” multi-functional integrated design. These robotic systems can simultaneously cover five surgical scenarios: knee, hip, unicompartmental knee, spine, and trauma, achieving a breakthrough in multi-departmental application on a single platform. The design not only reduces hospitals’ equipment procurement and maintenance costs but also improves surgical precision and efficiency through integrated intelligent operation. To date, the KUNWU® Robotic Orthopaedic Surgical Systems have completed over 5,000 clinical surgeries across Mainland China and Hong Kong, China. Clinical data show that its surgical precision is at the millimeter level, significantly reducing the risk of intraoperative trauma and postoperative complications. This achievement has received high praise from experts at many partner hospitals, validating the systems’ outstanding value in improving patients’ quality of life and surgical safety. High barriers to entry, a large market, and strong collaboration demonstrate the investment value and growth logic of Yuanhua TechCurrently, the global robotic orthopaedic surgical system market is experiencing rapid growth. “KUNWU®” leverages its multi-department coverage capabilities to simultaneously penetrate multiple billion-dollar niche markets, such as joint and spine surgeries, with a market ceiling far exceeding that of single-function products. For “KUNWU®”, the world’s first “5-in-1” platform-based robotic orthopaedic surgical systems, Yuanhua Tech has built a complete intellectual property system covering the key robotic arm, navigation system, and intelligent planning software. Its “group army collaboration” architecture is driving hospitals to transform from “individual combat” to a more efficient and integrated intelligent surgical model. The continuously accumulated high-quality surgical data will become the company’s core asset for developing AI-assisted diagnosis, personalized surgical plans, and even next-generation intelligent medical devices, possessing enormous ecosystem derivative value. After receiving the award, Mengli Aili, Chairman of Yuanhua Robotics, Perception & AI Technologies (HK) Limited, said: “KUNWU was born from our original aspiration to revolutionize orthopaedic surgery. From key technology to clinical application, we have always adhered to independent innovation. This award is an encouragement to the team’s years of hard work and will also inspire us to continue to promote intelligent healthcare services that are affordable”. Taking this award as a new starting point, Yuanhua Tech stated that it will continue to deepen its expertise in the field of robotic orthopaedic systems and accelerate its global business footprint. The company plans to further expand into overseas markets such as Southeast Asia and Europe, and establish strategic partnerships with leading medical and research institutions worldwide. Meanwhile, the company will continue to invest in the research and development of next-generation products, deeply integrating 5G, AI, and digital twin technologies to create a full-cycle intelligent orthopaedic diagnosis and treatment solution that covers preoperative, intraoperative, and postoperative stages, which will strengthen its worldwide leadership in intelligent orthopaedics. 04/02/2026 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
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Kazakhstan Shows Strong GDP Growth on the Back of Structural Reforms

EQS via SeaPRwire.com / 03/02/2026 / 19:55 UTC+8 Kazakhstan is emerging as one of the fastest-growing economies in the post-Soviet space, underpinned by a sustained programme of structural reforms, industrial diversification and rising investment inflows. Preliminary data for 2025 shows GDP growth of 6,5%, placing the country ahead of most CIS peers, including Russia, and well above the projected global average of around 3%. The expansion reflects broad-based momentum across key sectors. Industrial output rose by 7,4% last year, with manufacturing growing by 6,4%. Particularly strong performance was recorded in food production (up 8,1%), chemicals (9,8%), oil refining (5,9%) and mechanical engineering (12,9%). Transport surged by 20,4%, driven by higher freight volumes and Kazakhstan’s growing role as a transit hub between China and Europe. Construction expanded by 15,9%, supported by large-scale infrastructure and social projects, while trade increased by 8,9%, led by wholesale activity. The current upswing crowns a decade-long shift in the structure of the economy. Manufacturing’s share of GDP increased from 10,2% in 2014 to 12,4% in 2024, while the mining sector declined from 15,2% to 12%. Over the same period, manufacturing output rose by nearly 50%, averaging annual growth of more than 4%. The transformation is particularly visible in engineering industries. Car production has quadrupled to 159,000 units in 2025, while output of trucks, tractors and combine harvesters has multiplied several times. Exports of processed goods climbed from $18.4bn in 2014 to $28.8bn in 2024, signalling a gradual move toward higher value-added products. This process has accelerated in recent years, often described domestically as an “investment cycle” under President Kassym-Jomart Tokayev. In 2025 alone, Kazakhstan launched new facilities producing vehicles for international brands, passenger railcars, auto components, as well as a localization project for John Deere machinery. At the same time, large companies are investing in rare earth metals and digital development. For example, Eurasian Resources Group's projects will enable Kazakhstan to become the world's second-largest producer of gallium, while AI is being used in manufacturing, energy, logistics, and industrial safety. Multinationals in consumer goods are following suit. PepsiCo has invested more than $160m in what is set to become Central Asia’s largest snack production facility, integrating local farmers into its supply chain and planning a gradual transition to fully local ingredients. Mars, long present as an importer, is preparing to build a pet food factory with an annual capacity of up to 100,000 tonnes, investing more than KZT 88.8bn (around $180m). By scale, Kazakhstan remains the region’s undisputed heavyweight. According to the IMF, its GDP reached $319bn in 2025, placing it among the world’s 50 largest economies. Uzbekistan’s economy, by comparison, stands at $159bn, while Azerbaijan’s is around $80bn. Investment inflows reinforce this position. UN ESCAP data show Kazakhstan attracted nearly $19bn in greenfield projects in 2025, accounting for 89% of all such investment in North and Central Asia. The current investment policy framework for 2024-2029 shifts toward targeted support for priority sectors such as logistics, energy, manufacturing, agriculture and digital services. A key role in this effort is played by the Government’s Investment Headquarters, which has been operating as a fast-track mechanism for supporting investment projects. By the fall of 2025, the Investment Headquarters had already supported more than 210 projects with a total value of approximately USD 113 billion. Alongside industrial policy, the government is betting on human capital. Social spending will account for 39% of the 2026 state budget, with major allocations to healthcare, education and welfare. For investors, this combination of macroeconomic growth, diversification and institutional predictability is gradually reshaping Kazakhstan’s image from commodity supplier to regional industrial platform. About World Impact Media Organization World Impact Media Organization is an independent global media and communications platform focused on international affairs, economics, innovation, and public policy. The organization delivers high-impact journalism, research-driven narratives, and strategic media coverage to inform decision-makers, institutions, and global audiences. Contact World Impact Media Organization Jasmine Abdul Tel: +971 585887789 jasmine@worldimpactmedia.org 03/02/2026 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
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Q4 and FY 2025 production results

EQS via SeaPRwire.com / 02/02/2026 / 05:07 MSK Solidcore Resources plc (“Solidcore” or the “Company”) announces production results for the fourth quarter and FY 2025. “Q4 was marked by substantial destockpiling which, together with very favourable gold prices, helped to partially compensate sales disruptions experienced in H1. We expect the remaining inventories to be fully released in 2026. Our projects remain on track: this year will see meaningful progress at our Ertis POX development and the start of construction at Syrymbet, subject to Board approval”, said Vitaly Nesis, CEO of Solidcore Resources plc. HIGHLIGHTS For the fourth consecutive year, there were no lost time injuries recorded among the Company’s employees and contractors. Accordingly, days lost due to work-related injuries (DIS) remained at zero. Full-year (FY) gold equivalent (GE) production totalled 395 Koz, a 19% year-on-year (y-o-y) decrease and 6% below the revised production guidance of 420 Koz, due to delays in Kyzyl concentrate processing at a third-party POX in H1, with more metal inventories carried forward to 2026 than previously expected. As processing stabilised, Q4 production grew by 23% y-o-y and 17% q-o-q to 146 Koz. GE sales in 2025 amounted to 412 Koz and were 23% lower y-o-y due to the production disruptions in H1. Quarterly sales grew by 24% y-o-y to 152 Koz on the back of the metal output recovery in H2. FY revenue increased by 13% to US$ 1.5 billion, driven by higher gold prices, which compensated for the lower sales. Quarterly revenue amounted to US$ 639 million on the back of favourable prices and strong quarterly sales. The Company expects full-year Total Cash Costs (TCC) and All-in Sustaining Cash Costs (AISC) to be approximately 5% above the top end of the guidance range of US$ 1,000-1,100/GE oz and US$ 1,450-1,550/GE oz, due to a higher mining extraction tax (MET) expense. CAPEX is expected to be below the guidance of US$ 300 million at approximately US$ 270 million, as some Ertis POX expenses have been deferred to 2026. Net Cash position as at the end of 2025 stood at US$ 461 million versus net cash of US$ 355 million as at the end of Q3 2025 and US$ 374 mln as at the end of 2024. At Ertis POX, a significant milestone was achieved with the autoclave delivery to the construction site. The project is progressing according to schedule. At Syrymbet, the definitive feasibility study is in progress and the project is moving toward Board approval in H2 2026. In Q4 2025, the Company completed construction of the solar power plant at the Varvara site with the ramp-up expected in H1 2026. The Company will publish its full-year financial results on 19 March 2026. OUTLOOK In 2026, the Company expects to produce с. 540 Koz of GE. The increase will be driven by concentrate inventories release. For 2027, preliminary guidance envisages GE output of c. 500 Koz. 2026 costs are estimated at US$ 1,350-1,550/GE oz for TCC (15-35% increase y-o-y) and US$ 1,850-2,050/GE oz for AISC (15-30% increase y-o-y) subject to the KZT/USD exchange rate, as well as gold price dynamics impacting MET level. The increase relative to 2025 is driven by higher MET expenses – reflecting the introduction of a progressive MET tax rate under the new Tax Code in Kazakhstan, which is linked to gold prices[1] – the effect of higher gold prices, and inflationary pressures. Capital expenditures in 2026 are projected at c. US$ 510 million (almost a twofold increase y-o-y). The y-o-y increase will be driven by higher spending on the Ertis POX construction as the project progresses (US$ 315 million), construction of underground mining infrastructure at Kyzyl, fleet replacement at Varvara hub and the expansion of tailings storage facilities at both Kyzyl and Varvara. In addition to the capital expenditure, the Company will provide a c. US$30 million loan to the Syrymbet JV to finance a feasibility study and other pre-construction costs. PRODUCTION RESULTS 3 months ended Dec 31, % change1 12 months ended Dec 31, % change1 2025 2024 2025 2024 Waste mined, Mt 30.9 33.6 -8% 123.2 129.0 -4% Ore mined (open pit), Kt 1,392 1,512 -8% 5,300 5,201 +2% Ore processed, Kt 1,642 1,618 +1% 6,522 6,372 +2% Average GE grade processed, g/t 2.4 2.5 -4% 2.7 2.8 -2% Mine metal output, GE Koz2 112 122 -8% 508 513 -1% Kyzyl (gold in concentrate) 67 77 -12% 347 343 +1% Varvara 45 45 +0% 161 170 -5% Production, GE Koz3 146 119 +23% 395 490 -19% Kyzyl 101 74 +37% 234 320 -27% Varvara 45 45 +0% 161 170 -5% Sales, GE Koz 152 122 +24% 412 536 -23% Kyzyl 102 80 +27% 240 365 -34% Varvara 50 42 +19% 171 172 -0% Revenue, US$m4, 5 639 322 +99% 1,500 1,327 +13% Net cash/(debt), US$m6 461 355 +30% 461 374 +23% LTIFR7 0 0 NM 0 0 NM DIS (Employees)8 0 0 NM Fatalities Employees 0 0 NM 0 0 NM Contractors 0 0 NM 0 0 NM Average headcount 3,975 3,577 +11% Note: (1) % changes can be different from zero even when absolute numbers are unchanged because of rounding. Likewise, % changes can be equal to zero when absolute numbers differ due to the same reason. This note applies to all tables in this release. (2) Gross metal output generated at the mine site before accounting for third-party refining or processing losses. Based on 80:1 Au/Ag conversion ratio and excluding base metals. Discrepancies in calculations are due to rounding. (3) Represents payable production delivered for final processing or sale to off-takers and with accounting for third-party processing and refining losses. Based on 80:1 Au/Ag conversion ratio and excluding base metals. Discrepancies in calculations are due to rounding. (4) Calculated based on the unaudited consolidated management accounts. (5) Revenue for 2024 includes re-sale of third-party metal. Sales are shown net of re-sale of third-party metal (if applicable). (6) Non-IFRS measure based on unaudited consolidated management accounts. Comparative information is presented for 30 September 2025 (for the three months period) and 31 December 2024 (for the twelve months period). (7) LTIFR = lost time injury frequency rate per 200,000 hours worked and includes only the Company’s own employees. (8) DIS – days lost due to work-related injuries. About Solidcore Solidcore Resources is a leading gold producer registered in AIFC, Kazakhstan, and listed on Astana International Exchange. Solidcore operates two producing gold mines and a major growth project in Kazakhstan. 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. KYZYL 3 months ended Dec 31, % change 12 months ended Dec 31, % change 2025 2024 2025 2024 MINING Waste mined1, Mt 17.0 19.6 -13% 68.1 80.6 -16% Ore mined (open pit), Kt 594 613 -3% 2,442 2,409 +1% Gold grade, g/t 5.0 5.1 -2% PROCESSING Ore processed, Kt 612 592 +3% 2,470 2,417 +2% Gold grade, g/t 4.0 4.6 -14% 4.9 5.0 -1% Gold recovery 87.0% 87.7% -1% 88.9% 88.6% +0% Concentrate produced, Kt 22.8 27.9 -18% 112.7 118.1 -5% Concentrate gold grade, g/t 92.1 85.6 +8% 95.8 90.4 +6% Gold in concentrate, Koz2 67 77 -12% 347 343 +1% Concentrate shipped to third party smelter, Kt 3 15 -81% 18 55 -68% Payable gold shipped, Koz 6 28 -80% 35 102 -66% Toll-processing at third-party POX Concentrate processed, Kt 32 16 +97% 82 67 +23% Gold grade, g/t 103 103 -0% 102 112 -9% Gold recovery 91.8% 91.4% +0% 92.1% 92.6% -1% Dore produced, Koz 96 46 +109% 199 217 -8% TOTAL PRODUCTION Gold, Koz 101 74 +37% 234 320 -27% Note: (1) Kyzyl waste mined reporting approach was amended to include specification of volume weight coefficients used to convert cubes into tonnes by mines and periods. Previous periods were restated accordingly. (2) Semi-finished material pending sale or final processing is excluded from total production and will be included once shipped to a third-party offtaker or upon doré production under the existing tolling arrangement. In Q4 2025, gold production at Kyzyl increased by 37% y-o-y to 101 Koz, driven by the resumption of processing of the concentrate accumulated in H1 2025 at Amursk POX. However, full-year production declined to 234 Koz due to delays in concentrate deliveries and sales in H1, a trend that is expected to reverse, with production projected to reach 370 koz in 2026. The decline in gold grade in Q4 and the resulting gold in concentrate decrease is attributable to the planned depletion of the high-grade open-pit reserves at the Eastern part of the pit and staged preparation for the underground mining transition. Stripping volumes decreased due to the gradual and systematic reduction of open-pit mining operations. The Company is planning to start underground ore mining in 2030. VARVARA 3 months ended Dec 31, % change 12 months ended Dec 31, % change 2025 2024 2025 2024 MINING Waste mined, Mt 13.9 14.0 -0% 55.2 48.3 +14% Ore mined (open pit), Kt 797 899 -11% 2,858 2,792 +2% Gold grade, g/t 1.4 1.3 +9% PROCESSING Leaching Ore processed, Kt 903 848 +6% 3,396 3,179 +7% Gold grade, g/t 1.4 1.2 +18% 1.3 1.2 +4% Gold recovery1 88.7% 89.4% -1% 90.0% 89.4% +1% Gold production (in Dore), Koz 37 36 +4% 130 129 +1% Flotation Ore processed, Kt 127 178 -29% 657 777 -15% Gold grade, g/t 2.4 2.2 +12% 2.0 2.3 -13% Recovery1 90.6% 88.4% +3% 88.8% 88.9% -0% Gold in concentrate, Koz 7 9 -16% 30 41 -26% TOTAL PRODUCTION Gold, Koz 45 45 +0% 160 170 -5% Note: (1) Technological recovery, includes gold and copper within work-in-progress inventory. Does not include toll-treated ore. At Varvara, quarterly production was stable y-o-y at 45 Koz, while annual volume recorded a 5% y-o-y reduction on the back of the planned decrease in Komar and third-party ore grades during 9M 2025. In Q4, however, higher-grade ore from the deeper levels of the southern part of the Komar pit was introduced into the leaching circuit which resulted in a y-o-y increase in head grade and production. Flotation circuit saw a decrease in quarterly production due to the lower ore processing volumes attributable to the depletion of Varvara high-copper grade ore reserves within the current pit. Flotation plant was mostly processing third-party material with a higher grade, which led to the average grade increase at the circuit. The 11% y-o-y decrease in ore mined in Q4 was driven by the planned involvement of the stockpiled ore into processing. In 2026, the production is projected at 170 Koz. DEVELOPMENT PROJECTS At Ertis POX, the autoclave has been delivered to the construction site and installed on the foundation for temporary storage. Temporary power supply system was installed. Construction of temporary buildings and structures is nearing completion. Public hearings were held and a positive expert conclusion was obtained as part of a report on national Environmental Impact Assessment (EIA). International Environmental and Social Impact Assessment (ESIA) is in its final stage, with the final ESIA report is expected to be finalised in April. In 2026, the Company plans to obtain a positive conclusion from the State Expert Review, complete the installation of foundations for all production and key infrastructure facilities, commence deliveries of the main process equipment, and complete the basic engineering. In parallel, the Company is advancing negotiations with several international banks for loan facilities of US$ 500-600 million and expects to sign the financing agreements in Q2 2026. The Company has completed construction of the 22.6 MW solar power plant at the Varvara site, with ramp up scheduled for early 2026. Construction of the 40 MW gas power plant is proceeding on schedule with the launch expected in 2026. At Syrymbet, an analysis of the design and geological documentation has been carried out. Approximately 60% of the engineering surveys have been completed. Development of the regulatory documentation is ongoing, with completion expected in Q1 2026. The Board of Directors approved a budget of US$ 30 million for site preparation works and the definitive feasibility study. SUSTAINABILITY, HEALTH AND SAFETY During the reporting period, there were no lost time injuries recorded among the Company’s employees and contractors. No days lost due to work-related injuries (DIS) occurred accordingly. 2025 marked 8th consecutive year with no fatal incidents at Solidcore’s operations in Kazakhstan. Safety remains a top priority for Solidcore as we aim to maintain zero fatalities across our operations and among on-site contractors. The Company is committed to implementing initiatives that further enhance health and safety conditions. The Company is actively working on de-risking its energy supply alongside reduction of costs and greenhouse gas (GHG) emissions. In 2026, Solidcore aims to complete construction of the 40 MW gas-piston power plant at Varvara, supporting the transition from purchased grid electricity to self-generated clean energy, resulting in a projected reduction of the Company’s greenhouse gas emissions. In addition, Solidcore plans to continue implementation of its afforestation project in the Kostanay region in 2026, with the planting of approximately 140 ha of new forest, and to launch the second phase of this voluntary forest carbon project covering around 500 ha in the Abay region, near Kyzyl. [1] At US$ 4,000/oz and above the MET rate is at its ceiling of 11%. 02/02/2026 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
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