Fourth Paradigm announces 2025 interim results

Fourth Paradigm announces 2025 interim results

Financial Highlights:- In the first half of 2025, the total revenue amounted to RMB2,626 million, representing a year-on-year growth of 40.7% - The revenue of the 4ParadigmSage AI Platform (“4ParadigmSage”) business grew by 71.9% year on year to RMB2,149 million, accounting for 81.8% of the total revenue - The SHIFT Intelligent Solutions business recorded revenue of RMB371 million, accounting for 14.1% of the total revenue - The revenue of the 4ParadigmSageGPT AIGS Services segment amounted to RMB106 million, accounting for 4.1% of the total revenue- In the first half of 2025, the total R&D expenses further increased to RMB893.4 million, with the R&D expense ratio of 34.0%- In the first half of 2025, the Company recorded an adjusted net loss attributable to the shareholders of the Company (a non-IFRS measure) of RMB43.70 million, which narrowed by approximately 71.2% from RMB151.6 million for the same period last yearOperation Highlights:- In the first half of 2025, the number of lighthouse users reached 90, an increase of four compared to the same period last year, and the average revenue per lighthouse user was RMB17.98 million, representing a year-on-year increase of approximately 56.6%- AI agent + World Model: During the Reporting Period, the Company launched intelligent agent solutions of “AI agent + industry-specific large models” across multiple sectors, driving a leap in productivity for enterprise users- Phancy: During the Reporting Period, the Company launched its “Phancy” consumer electronics business, positioned to provide the market with integrated software and hardware solutions based on AI agents- AI + Energy Storage: During the Reporting Period, the Company is committed to aggregating distributed power supplies, controllable loads, energy storage systems and other resources scattered in the power grid, and carrying out unified coordination, optimization, and control, to help Virtual Power Plant participate in the operation of the power market in all aspects, and provide a variety of services for the power grid, such as peak shaving and frequency shifting- AI + Stablecoin: During the Reporting Period, the Company entered into a strategic cooperation agreement with a leading brokerage firm, jointly developing and exploring the “AI + Stablecoin Risk Control & Compliance Solution”HONG KONG, Sep 5, 2025 - (ACN Newswire via SeaPRwire.com) – 21 August 2025, A leading enterprise AI software company - Beijing Fourth Paradigm Technology Co., Ltd. (“Fourth Paradigm” or the “Company”, Stock Code: 6682.HK) today announced the consolidated interim results for the six months ended June 30, 2025 (the “Reporting Period”).During the reporting period, Fourth Paradigm’s revenue increased significantly, with total revenue of RMB2,626 million, representing a year-on-year growth of approximately 40.7%. Adjusted net loss attributable to the shareholders of the Company (non-IFRS) was RMB43.7 million, narrowing by approximately 71.2% from RMB151.6 million for the same period last year.Fourth Paradigm’s core business - the 4ParadigmSage AI Platform - continued to perform strongly. Benefiting from strong demand from enterprises for AI-native software, comprehensive upgrade of the 4ParadigmSage AI Platform, and timely development of a new AI productivity system, the Company successfully launched multiple industry-specific Agent application solutions and established an ecosystem of partner collaborations, driving significant revenue growth for the 4ParadigmSage AI Platform business. During the reporting period, the 4ParadigmSage AI Platform business generated revenue of RMB2,149 million, representing a year-on-year increase of 71.9%, accounting for approximately 81.8% of the Company's total revenue.In terms of expenses, during the reporting period, the total ratio of the Company’s three major expenses to revenue decreased from 58.2% to 44.5%, of which the scale effect of R&D investment has been fully demonstrated this year, with total R&D expenses increasing by approximately 5.1% compared to last year, while the expense ratio decreased by 11.5pct year-on-year to 34.0%. At the same time, the Company has always paid close attention to healthy cash flow and business quality. As of June 30, 2025, the balance of accounts receivable decreased significantly from RMB3,086 million at the end of last year to RMB1,967 million.“AI Agent + World Model” has been Deployed Comprehensively, Achieving Significant Commercial SuccessDuring the Reporting Period, Fourth Paradigm deepened the implementation and application of its “AI agent + World Model” strategy, effectively capturing the AI transformation demands of enterprise clients in high-value scenarios. The Company provides enterprises with AI solutions (enterprise-grade AIOS) that are deeply integrated with their business and engineered for implementation, rather than standalone tools. The value proposition of “AI agent + World Model” achieved comprehensive adoption among enterprise clients. The number of lighthouse users reached 90, an increase of four compared to the same period last year, and the average revenue per lighthouse user was RMB17.98 million, representing a year-on-year increase of 56.6%. This growth trajectory in average revenue per user indicates that the 4ParadigmSage AI Platform is rapidly becoming the AI productivity infrastructure for enterprises.According to a recent market share report released by IDC, Fourth Paradigm has ranked first in China’s machine learning platform market share for seven consecutive years in 2024.Continuously Exploring New Businesses, “AI+” Positioning for Future GrowthWhile focusing on the application of AI in traditional strong industries, Fourth Paradigm has never stopped exploring new areas of “AI+”. In response to “AI + Stablecoin”, the Company has successively introduced “AI + Stablecoin Risk Control & Compliance Solution” and “Stablecoin Underlying Asset Management Solution,” actively cooperating with leading securities firms to strategically expand into the stablecoin ecosystem. Committed to “AI + Energy Storage”, Fourth Paradigm focuses on power trading strategy optimization and smart power plant operation and maintenance, utilizing accumulated data models in the energy industry to solve industry pain points. In the future, Fourth Paradigm will continue to keenly capture cutting-edge trends, explore more possibilities for “AI+”, uncover new commercial value and application scenarios, open up new growth curves for the Company, lead the trend of artificial intelligence transformation, and help customers occupy a more advantageous strategic position in global AI industry competition.Ecological Construction and Edge-side Extension: “Phancy” Consumer Electronics Business Shows Strong Potential and is Poised for Promising Growth“Phancy” consumer electronics business, which was officially launched this year, has also performed well. As an important exploration by Fourth Paradigm to extend its AI capabilities to the end-user side, it has already launched and started selling a number of consumer electronics products, including smart watches, smart glasses, and smart earphones, in collaboration with partners in the first half of the year. In the future, it will expand into areas such as smart toys, smart wearable accessories, and embodied intelligence. Phancy is committed to building a comprehensive product ecosystem that brings AI capabilities into every household and benefits every individual.More importantly, Fourth Paradigm is gradually building a brand-new smart terminal device ecosystem. In May, 2025, the Company announced a deep cooperation with HarmonyOS and HiSilicon, integrating the Company’s AI model capabilities on the edge side with HiSilicon’s high-performance, low-power chips to jointly create an integrated smart hardware solution combining “AI + Operating System + Core Chips.” This collaboration injects strong innovative momentum into HarmonyOS’s ecosystem and empowers the new era of intelligent connectivity. At the same time, Fourth Paradigm entered into strategic partnerships with Bluetrum, Jieli Technology and Beken Corporation to deeply integrate leading AI communication chips with algorithms, providing end-to-end AI solutions for more consumer electronics products in the future and strengthening the Company’s underlying technological competitiveness.In terms of Strategic Outlooks, Dr. Dai Wenyuan, Chairman of the Board, Executive Director, Chief Executive Officer and General Manager of Beijing Fourth Paradigm Technology Co., Ltd. said, “In the first half of 2025, we have solidified our market leadership through superior products and technological capabilities, while proactively pursuing open ecosystem partnerships to lay the groundwork for future growth. In the future, we will continue to adhere to our core strategy of “technology-driven, customer value, and ecosystem win-win,” building AI productivity infrastructure that drives comprehensive corporate profitability, aiming to become a core driver of the AI era and lead the way toward the early arrival of the AGI era. We firmly believe that through continuous investment in technological innovation, Fourth Paradigm will remain at the forefront of the exploration and commercial implementation of AI technology.” Copyright 2025 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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CBL International Reports 1H 2025 Results Highlighting Strong Biofuel Growth, Reduced Net Loss, and Improved Gross Profit Margin

CBL International Reports 1H 2025 Results Highlighting Strong Biofuel Growth, Reduced Net Loss, and Improved Gross Profit Margin

KualaLumpur, Sep 5, 2025 - (ACN Newswire via SeaPRwire.com) – CBL International Limited (NASDAQ: BANL) (the “Company” or “CBL”), the listing vehicle of the Banle Group (“Banle” or “the Group”), a leading marine fuel logistics company in the Asia-Pacific region, has announced its unaudited financial results for the six months ended June 30, 2025 on September 2, 2025.1H 2025 Financial and Operational Highlights- Revenue of $265.17 million, reflecting resilient performance in a volatile macro environment.- Sales volume increased by 9.8%, driven by network expansion, new customer acquisitions, and expansion toward the non-container liner and biofuel segments.- Gross profit margin increased to 1.02% in 1H2025, reflecting the Company's strategic approach to maintaining profitability while growing market share in a competitive environment.- Net loss narrowed by 38.8% year-on-year to $992,000, demonstrating improved cost control and operating efficiency.- Biofuel sales surged 154.7%, driven by accelerating adoption of sustainable marine fuels under IMO 2023 and EU FuelEU Maritime regulations.- Global network expanded to 65 ports, strengthening CBL’s role as a global one-stop marine fuel logistics platform.- Cash balance of $5.43 million and $50 million committed banking facilities provide strong financial flexibility to support growth and shareholder value.Financial Performance OverviewThe Company reported consolidated revenue of $265.17 million for the six months ended June 30, 2025, representing a 4.4% decrease from $277.23 million in the same period of 2024. The decrease was mainly attributable to the decrease in the marine fuel price which was partially offset by the increase in the sales volume. The increase in sales volume was mainly driven by network expansion, new customer acquisitions, and expansion toward the non-container liner and biofuel segments. Furthermore, the Group’s network demonstrated the Group’s resilience to geopolitical impacts on the marine industry.Gross profit remained stable at $2.71 million with an increase in sales volume to cope with the challenging competition in the market, while gross profit margin increased from 0.98% in 1H2024 to 1.02% in 1H2025. This margin expansion reflects the Company's strategic approach to maintaining profitability while growing market share in a competitive environment.The Company reported a net loss of $992,000 for the six months ended June 30, 2025, representing a significant 38.8% improvement compared to a net loss of $1.62 million in the same period of 2024, primarily driven by disciplined cost management and operational efficiency initiatives that reduced operating expenses by 17% to $3.42 million from $4.12 million in 1H 2024.Cash and cash equivalents stood at $5.43 million as of June 30, 2025, supported by improved working capital management and expanded banking facilities of $50.0 million, providing enhanced financial flexibility for growth initiatives.Strategic Expansion and Operational ExcellenceCBL's operational expansion continued to be a key growth driver, with the Company's global service network reaching 65 ports by June 30, 2025, strategically positioned across Asia Pacific, Europe, Africa, and Central America. This expansion enabled CBL to effectively navigate geopolitical disruptions, particularly in the Red Sea region and the Middle East, along with the changes in global trade patterns due to the impact of U.S. tariffs policy, by capturing increased demand along alternative intra-Asia and Euro-Asia trade routes.Customer diversification reached a significant milestone, with non-container liner sales accounting for 36.9% of revenue, while sales concentration among the top five customers declined to 60.4% from 66.7% in 1H 2024. The Company continues to service nine of the world's top 12 container shipping lines, which contributed nearly 60% of global container fleet capacity.Additionally, biofuel sales demand was fueled by stricter environmental regulations, including IMO’s Carbon Intensity Indicator and the EU’s FuelEU Maritime, and surged 154.7% year-on-year in 1H2025, with volumes up 189.5%, reinforcing CBL’s forerunning position in sustainable marine fuels. The Company stayed ahead of this trend with the successful rollout of its B24 biofuel in China, Hong Kong, and Malaysia, followed by a 2025 launch in Singapore. The B24 blend, comprising 76% conventional fuel and 24% UCOME, delivers a 20% reduction in greenhouse gas emissions compared to traditional marine fuels.Stricter Environmental Regulations and Industry ReshapingDespite the unpredictability of U.S. trade policy, oil prices, and geopolitical risks, CBL remains cautiously optimistic about the outlook as further uncertainties could impact our results of operations for a particular period. Regarding the ongoing instability in the Red Sea, where vessels were rerouted via the Cape of Good Hope, CBL targeted the increased demand from rerouted vessels, ensuring that our strategic supply chain could meet these demands, allowing us to maintain the stability of our offerings and capitalize on the opportunities created by these disruptions.The adoption of biofuels and other sustainable marine fuels is accelerating as stricter environmental regulations reshape the shipping industry. Consultant agency Exactitude Consultancy is projecting a 50.4% CAGR for the green marine fuel market from 2023 to 2030, as demand for biofuels is expected to climb sharply. Leveraging its early move into sustainable fuels, CBL is expanding its biofuel supply chain and exploring LNG and methanol, positioning itself to capture growth while helping customers meet tightening decarbonization targets across Asia Pacific, Europe, and other key markets.Management Commentary and Future OutlookDr. Teck Lim Chia, Chairman and CEO of CBL International Limited, stated, “Our first half results highlight significant strategic progress. Despite a challenging macro backdrop, we successfully expanded our global network, accelerated our biofuel transition with triple-digit growth, and narrowed our net loss by nearly 40%. These achievements underscore our resilience, operational discipline, and confidence in long-term growth.As regulations tighten and customer demand for sustainable marine fuels accelerates, CBL is uniquely positioned as an early mover with the ISCC certifications and supply partnerships to lead the market transition. We remain focused on executing our strategy to deliver profitable growth and long-term shareholder value.”Outlook Looking ahead, CBL expects to:- Further scale its biofuel supply chain and explore LNG and methanol, leveraging regulatory support and customer adoption.- Continue expanding port coverage to enhance global connectivity.- Maintain disciplined cost management and capitalize on financial flexibility to invest in sustainable fuels and potential shareholder return initiatives.Webcast DetailsCBL International Limited (Nasdaq: BANL) cordially invites you to participate in a webcast to discuss its financial results for the six months ended June 30, 2025.Event:2025 Interim Results WebcastDate and Time:10:00 pm – 11:00 pm US EST on September 15, 2025 (Monday) 10:00 am – 11:00 am MST/HKT on September 16, 2025 (Tuesday)Access:The webinar can be accessed live through the website provided below.Webcast Link: https://webcast.roadshowchina.cn/k8WDrnAbout the Banle GroupCBL International Limited (Nasdaq: BANL) is the listing vehicle of Banle Group, a reputable marine fuel logistics company based in the Asia Pacific region that was established in 2015. We are committed to providing customers with a one-stop solution for vessel refueling, which is referred to as bunkering facilitator in the bunkering industry. We facilitate vessel refueling mainly through local physical suppliers in 65 major ports covering Belgium, China, Hong Kong, India, Japan, Korea, Malaysia, Mauritius, Panama, the Philippines, Singapore, Taiwan, Thailand, Turkey and Vietnam. The Group actively promotes the use of sustainable fuels and has been awarded the ISCC EU and ISCC Plus certifications.For more information about our Company, please visit our website at: https://www.banle-intl.com.Forward-Looking StatementsCertain statements in this announcement are not historical facts but are forward-looking statements. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “could,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “plan,” “should,” “would,” “plan,” “future,” “outlook,” “potential,” “project” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements include, but are not limited to, statements regarding estimates and forecasts of other performance metrics and projections of market opportunity. They involve known and unknown risks and uncertainties and are based on various assumptions, whether or not identified in this press release and on current expectations of BANL’s management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of BANL. Some important factors that could cause actual results to differ materially from those in any forward-looking statements could include changes in domestic and foreign business, fuel prices and tariffs, market, financial, political and legal conditions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's filings with the SEC.CBL INTERNATIONAL LIMITED(Incorporated in the Cayman Islands with limited liabilities)For more information, please contact:CBL International LimitedEmail: investors@banle-intl.comStrategic Financial Relations LimitedShelly Cheng Tel: (852) 2864 4857 Iris Au Yeung Tel: (852) 2114 4913 Email: sprg_cbl@sprg.com.hk Copyright 2025 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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LOLC Advanced Tech and Corsair Group Join Forces to Transform Waste into Fuel in Sri Lanka

LOLC Advanced Tech and Corsair Group Join Forces to Transform Waste into Fuel in Sri Lanka

AMSTERDAM, Sept 5, 2025 - (ACN Newswire via SeaPRwire.com) - LOLC Advanced Technologies (LOLC AT), a fully owned subsidiary of LOLC Holdings PLC, together with Corsair Group International, headquartered in Amsterdam, has announced a landmark partnership to upgrade and expand LOLC AT's existing waste-to-fuel plant at Kerawalapitiya. This strategic initiative aims to address Sri Lanka's growing plastic and polythene waste challenge. With Sri Lanka generating an estimated 7,000 metric tons of solid waste per day, equating to roughly 2.56 million metric tons per year, a significant portion of which consists of polythene and plastic. Plastic pollution has become one of the nation's most pressing environmental concerns, with much of this waste ends up in overflowing landfills, waterways, and oceans, posing serious threats to ecosystems, public health, and tourism.LOLC AT invested in and commissioned a waste-to-fuel plant in 2023, which it has successfully operated throughout 2024. This facility converts non-recyclable plastics into a reusable fuel, offering a viable alternative to fossil fuels while diverting waste from landfill and incineration. The newly formed partnership with Corsair Group International will build upon this foundation, introducing cutting-edge enhancements to increase processing capacity and improve efficiency. Through proprietary technology developed in-house by Corsair together with its technology partners, the project will focus on producing high-quality, ISCC PLUS-certified Pyrolysis Oil contributing to a fully circular economy where waste is transformed into resources that can be reintegrated into the economy in a sustainable and scalable way.The expanded facility will be able to handle larger volumes of plastic waste and process a broader range of material types, transforming them into high-quality pyrolysis oil that serves as a raw material for petrochemical companies to produce new plastics positioning the facility as a key contributor to the circular plastics value chain. In doing so, it will not only address a critical environmental challenge but also create green jobs, stimulate innovation, and position Sri Lanka as a regional leader in sustainable waste management solutions.Designed with cutting-edge technology, the new facility will have the capacity to process 12 million kilograms of plastic waste annually, converting it into high-quality Pyrolysis Oil. This oil will serve as a sustainable raw material for the petrochemical industry, enabling the production of new, recycled, and environmentally friendly plastic products. By transforming discarded plastic from landfills into valuable raw materials, the facility will not only help clean the environment of pollution but also contribute to a more sustainable and circular economy in Sri Lanka.Construction of the facility is scheduled to commence in 2025, with completion expected within approximately two years. Under the partnership, Corsair Group will bring in its technical expertise and global experience in plastic waste recycling, while LOLC AT will leverage its operational capabilities and commitment to developing projects that deliver lasting socio-economic and financial benefits to Sri Lanka.Sharing his thoughts on the new partnership, Mr. Danesh Abeyrathna, Director/ CEO of LOLC Advanced Technologies stated, "This partnership marks a significant milestone in our commitment to delivering sustainable solutions to some of the most pressing environmental challenges facing Sri Lanka today. By leveraging our operational expertise alongside Corsair's proven waste-to-fuel technology, we aim to not only enhance the efficiency and capacity of our existing facility but also create a tangible, positive impact on the country's plastic and polythene waste problem. Together, we are driving innovation that turns environmental responsibility into practical, measurable action for a greener future".Mr. Jussi Saloranta, CEO of Corsair Group International, added, "We are very excited and honoured to enter into this partnership with LOLC. As one of the most diversified conglomerates in Sri Lanka, LOLC provides an ideal platform for us to collaborate and create meaningful impact. This facility in Colombo represents the first of several planned joint initiatives, and we are fully committed to investing in Sri Lanka's sustainable development. Together, we aim to tackle the plastic waste challenge while building a cleaner, greener future for communities across the country."About LOLC Advanced TechnologiesLOLC Advanced Technologies (Pvt) Ltd., a fully owned subsidiary of LOLC Holdings PLC, is the research, innovation, and new business development arm of the Group. The company focuses on pioneering ventures that create long-term socio-economic value and financial returns for the country. Current projects span advanced materials such as graphene, high-value spice extraction, and waste-to-value initiatives that address pressing environmental and economic needs.About Corsair Group:Corsair Group International, headquartered in Amsterdam, is one of the fastest-growing companies in plastic waste recycling, focused on producing high-quality pyrolysis oil. With operations and partnerships spanning Asia, Europe, and North America, the company specializes in converting end-of-life plastics-often destined for landfills or oceans-into premium raw material for petrochemical companies to create new plastics, rather than fuels that are burned and lost from circulation. Corsair's further-developed technology and expertise enable scalable, commercially viable solutions that reduce plastic pollution, recover resources, and strengthen the circular plastics economy. Through its international projects, Corsair has already diverted thousands of tons of plastic from the environment, contributing to a more sustainable global future.Contact Infomail: info@corsairnow.comphone: +66 957 613 702SOURCE: Corsair group Copyright 2025 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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The MOU Signing Ceremony cum Seminar Titled “A New Horizon in Film & TV Trading: Web3 x DMP – Reshaping the Cross-Industry Supply Chain” Hosted by eBRAM Concludes Successfully

The MOU Signing Ceremony cum Seminar Titled “A New Horizon in Film & TV Trading: Web3 x DMP – Reshaping the Cross-Industry Supply Chain” Hosted by eBRAM Concludes Successfully

HONG KONG, Sep 4, 2025 - (ACN Newswire via SeaPRwire.com) – Hosted by eBRAM International Online Arbitration and Mediation Centre (“eBRAM”), an independent not-for-profit arbitration and mediation institution established with the support of the Hong Kong Special Administrative Region Government, the signing ceremony of the Memorandum of Understanding (MOU) and the seminar titled "A New Horizon in Film & TV Trading: Web3 × DMP — Reshaping the Cross-Industry Supply Chain" concluded successfully today. Featuring experts from different industries as speakers and panellists, the event gathered close to a hundred professionals, senior executives, etc., who witnessed the signing of the MOU, and to explore new landscape of film and TV trading.Following the opening remarks delivered by Dr. Thomas So, JP, Chairman of eBRAM, a welcome remarks was made by Dr. Horace Cheung Kwok-kwan, SBS, JP, Deputy Secretary for Justice of HKSAR. Together with Ms. Zhang Yumei, Deputy Director-General of the Department of Law of the Liaison Office of the Central People’s Government in the HKSAR, they witnessed the signing of the MOU between eBRAM and Radio Television Hong Kong, the Association of Motion Picture Post Production Professionals, and Asia Pacific Creativity Industries Association, with the parties committing to collaborating in promoting legal technology application in the film and TV cultural industry. In his welcome address, Deputy Secretary Cheung pointed out that being one of the important film and TV production centers in the Asia-Pacific region, Hong Kong serves as a "super-connector" between the Mainland China and international markets. To promote the healthy development of the industry, the Department of Justice continues to advance the development of legal technology application and dispute resolution mechanisms, enhancing the legal support framework through various policies and measures to foster industry innovation. At the same time, eBRAM's Deal-Making Portal (DMP) acts as a vital tool for the industry to address challenges, providing a more convenient channel for cooperation discussions and more efficient legal rights protection, supporting the steady development of the industry in the long term."CEPA" Promotes Connectivity Between the Film and TV Industries in Mainland China and Hong Kong Attracting International Capital Inflows and the Industry To Go GlobalThe country has actively amended the Mainland and Hong Kong Closer Economic Partnership Arrangement (“CEPA”) - Agreement on Trade in Services, to accelerate establishing a new normal in film and TV cooperation between Mainland China and Hong Kong. In his keynote speech, Dr. Johnny Ng Kit-chong, MH, JP, Member of the Legislative Council and Director of eBRAM, shared his insights and explained how the newly amended CEPA can reshape and facilitate the upgrade and development of the film and TV cultural industries in the two places. Dr. Ng pointed out that CEPA has injected core impetus into the film and TV industries in Hong Kong and the Mainland China. Co-productions of Hong Kong films and TV programmes would be treated the same as Mainland productions, easing market access for them and allowing upgrade across the entire industry chain, from creation, production, investment to distribution and screening. The removal of restrictions on creative teams also helps safeguard the creative freedom and uniqueness of Hong Kong's film and TV creations. For the industry in Mainland China, the better framework permits it to leverage the international platform in Hong Kong in directing capital to speed up international cooperation and project development. Such in-depth integration can drive two-way flow of talent, funds and projects, opening up wider channels for Hong Kong's film and TV industry to enter the mainland market, and boosting the potential inflow of international capital and technologies, while also assisting mainland China’s film and TV companies in expanding into international markets through Web3 technology.Synergistic Application of Legal Technology and Web3 to Reshape Entire Film and TV Industry ChainAt the seminar titled "On-chain Collaboration X Legal Protection: The Digital Transformation Journey of the Hong Kong Film and TV Industry in the Web3 Generation", Mr. Albert Leung, Acting Chief Executive Officer and Chief Technology Officer of eBRAM, Mr. Alan Chiu, Partner at ELLALAN, Mr. Kaijun Huang, Senior Partner at Beijing Dacheng (Shanghai) Law Offices, LLP, Mr. Rex Ma, Honorary President of the Asia Pacific Creativity Industries Association, Dr. Cheney Tsoi, President of the Asia Blockchain Society, and Dr. Alex Lau, Partner at the Hong Kong Intellectual Property Advisory Service, discussed the digital transformation and cross-border cooperation of the film and TV industry in the Web3 era. Speakers highlighted the structural impacts that Web3 technology brings to the film and TV industry, and analysed common obstacles and controversies in technological adaptation and cross-border collaboration within the industry. The discussion emphasized that legal technology enhances copyright protection in both Mainland China and Hong Kong, while mentioning that Web3 introduces disintermediation and smart contract applications to the industry chain, serving as the core for building a trustworthy trading environment and enhancing the efficiency of cross-border film and TV contracts and risk management. Discussions also pointed out how blockchain is reshaping collaboration model of the film and TV industry, emphasizing the role of DMP in transformation and dispute avoidance. It explained that through eBRAM’s DMP and Online Dispute Resolution (ODR) platform, the industry can leverage tools like smart contracts and blockchain evidence to provide seamless online trading and legal protection to cooperative projects, facilitating efficient cross-border market tradings and resolves common copyright and contract disputes in cross-border collaborations, as such, consolidating Hong Kong’s position as a bridge for Sino-foreign film and TV cultural cooperation, and highlighting the critical role of technology and law in driving industry innovation, protecting rights, and enhancing cooperation efficiency.Dr. Thomas So, JP, Chairman of eBRAM, said, "eBRAM is very honoured to sign the MOU and joint hands with the various film and TV, and cultural creative institutions to build an efficient, professional and safe one-stop cross- jurisdiction online ‘technology + law’ solution platform for the industry. With the help of legal technology and Web3 blockchain technology, the platform will assist companies in effectively connecting resources and partners, clarifying contractual terms and providing digital dispute resolution solutions when needed, building together the world’s first integrated ecosystem of ‘Film and TV x Web3 x Legal Technology’ with international influence, and kicking off strategic deployment of Hong Kong‘s Web3 cultural and creative industry. We look forward to welcoming more film and TV, and cultural creative institutions in different regions to join to perfect our ecosystem, and facilitate healthy cross-border development and cooperation in the film and TV, and cultural creative industry.”In November last year, eBRAM signed an MOU on “International Dispute Resolution in the Film and Television Industry” with Hengdian Film and Television Industry Association and Dongyang Law Society, and in March this year, it participated in the Hong Kong International Film and TV Market (FILMART). Such initiatives speak volumes to its commitment to introducing the DMP and ODR platforms to the film and TV industry and facilitating healthy and synergistic cross-border and cross-media development. On the foundation of the latest MOU signed with local film and TV cultural institutions, together with national policy support, eBRAM hopes to leverage its platforms to bring a continuous steam of new opportunities for film and TV collaboration between Mainland China and Hong Kong, fostering in-depth integration and innovative development within the industry.Photo CaptionsDr. Thomas So, JP, Chairman of eBRAM, host the opening of the event.Dr. Horace Cheung Kwok-kwan, SBS, JP, Deputy Secretary for Justice of HKSAR, delivers welcome remarks at the event.Dr. Johnny Ng Kit-chong, MH, JP, Member of the Legislative Council and Director of eBRAM, delivers keynote speech at the event.Ms. Zhang Yumei, Deputy Director-General of the Department of Law of the Liaison Office of the Central People’s Government in the HKSAR (Left 3)and Dr. Horace Cheung Kwok-kwan, SBS, JP, Deputy Secretary for Justice of HKSAR(Right 3), together witness the signing of the MOU between Dr. Thomas So, JP, Chairman of eBRAM(Right 2), Ms. Angelina Kwan, JP, Director of Broadcasting at Radio Television Hong Kong(Left 2), Mr. Stephen Ma, Vice President of the Association of Motion Picture Post Production Professionals(Left 1), and Ms. Linda Lam, President of the Asia Pacific Creativity Industries Association(Right 1).(From Left to Right) Mr. Kaijun Huang, Senior Partner at Beijing Dacheng (Shanghai) Law Offices, Mr. Alan Chiu, Partner at ELLALAN, LLP, Mr. Rex Ma, Honorary President of the Asia Pacific Creativity Industries Association, Mr. Albert Leung, Acting Chief Executive Officer of eBRAM, Dr. Cheney Tsoi, President of the Asia Blockchain Society, and Dr. Alex Lau, Partner at the Hong Kong Intellectual Property Advisory Service, engage in an in-depth discussion on the digital transformation and cross-border cooperation of the film and TV industry in the Web3 era during the seminar.Olivia Kung, Member of the eBRAM Board of Directors, Chairman of the Marketing Task Force, delivers closing remarks at the event.About eBRAM International Online Dispute Resolution CentreeBRAM International Online Dispute Resolution Centre (“eBRAM”) is a not-for-profit company limited by guarantee established in 2018, with the support of Asian Academy of International Law Ltd, Hong Kong Bar Association, and The Law Society of Hong Kong. eBRAM tasks itself to elevate Hong Kong’s arbitration and mediation services and build capacity to meet the rapidly expanding demand for online dispute resolution and deal-making services across the borders by utilising innovative technologies to enable the city to become a LawTech centre and hub for international business dispute avoidance and resolution and collaborate with global organisations and participating economies such as the Asia-Pacific Economic Cooperation (APEC), the Association of Southeast Asian Nations (ASEAN), Belt-and-Road countries and beyond.eBRAM has developed its ODR platform and DMP Portal leveraging the latest technologies, including artificial intelligence, blockchain and cloud. Cybersecurity and data privacy are our top priorities, and eBRAM makes every effort to ensure the security of information proceeded and stored on its platform.For more information, please visit the organisation’s official website, LinkedIn, and Wechat Official Account (eBRAM). Copyright 2025 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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Magnum Opus Resorts Launches International Architectural Design Competition for Iconic Costa Rica Retreat

Magnum Opus Resorts Launches International Architectural Design Competition for Iconic Costa Rica Retreat

MIAMI BEACH, FL, Sept 4, 2025 - (ACN Newswire via SeaPRwire.com) - Magnum Opus Resorts, a luxury hospitality company founded by seasoned industry executives, announces the launch of its International Architectural Design Competition. This invitation challenges visionary architects worldwide to design a one-of-a-kind 8-10 room boutique retreat on 8 pristine acres of Costa Rica's Pacific coast-a location celebrated for its lush rainforests, panoramic ocean views, rich natural resources, and dedication to responsible eco-tourism.Rising 600 feet above the pristine beaches of Pacific Ocean on a private mountaintop, the retreat will be unlike any other hotel. Considered to offer the most breathtaking views 360-degree views in all of Costa Rica, this retreat will be designed for exclusive full-property stays and will serve as a sanctuary of elevation - physical, emotional, and architectural - for private groups seeking privacy, inspiration, and transformation. The project aspires to achieve recognition in international design journals and to set a new benchmark for timeless architectural innovation.Extended Deadlines Due to High InterestRegistration Deadline: Saturday, September 20, 2025, 10:00 PM ETConcept Submission Deadline: Saturday, October 25, 2025, 10:00 PM ETWinner Announcement: Saturday, November 15, 2025, 12:00 Noon ETCompetition HighlightsProject Scope: Design an 8-10 room luxury retreat reserved for whole-property rental (not rented by individual rooms).Guest Profile: Celebrities, executives, tastemakers, and discerning travelers seeking privacy and immersive natural experiences.Vision & Backing: The project is fully financed and must blend seamlessly with nature, maintain construction affordability, and achieve global design acclaim.Award: $2,000 USD honorarium, plus the opportunity for a full design commission under a professional services contract.Design Requirements: Entries must include concept sketches / massing diagrams, narrative explaining design intent, mood board, and optional visuals as determined by each entrant. Details available here https://www.magnumopusresorts.com/the-competitionJudging CriteriaArchitectural originality and visionIntegration with natural surroundingsConceptual clarity and design languageCost-aware, buildable solutionsAlignment with transformative guest experienceHow to ParticipateThis global competition is open to architects, designers, and firms-individuals or teams. There are no restrictions on nationality, age or professional affiliation. No entry fee is required.Register now and access the full competition brief at: www.magnumopusresorts.com/the-competitionAbout Magnum Opus ResortsMagnum Opus Resorts, a Miami Beach based hospitality company, is redefining boutique luxury through retreats that prioritize transformative experiences in world-class environments. Founded by a leadership team with deep expertise in hospitality management and finance, the company's first retreat in Costa Rica was selected for its environmental beauty, spiritual energy, and unparalleled 360-degree views.Media Contact:Max FrankMax@magnumopusresorts.comSOURCE: Magnum Opus Resorts Copyright 2025 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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U.S. Polo Assn. Celebrates Historic Title Sponsorship of 2025 Pacific Coast Open at Santa Barbara Polo & Racquet Club

U.S. Polo Assn. Celebrates Historic Title Sponsorship of 2025 Pacific Coast Open at Santa Barbara Polo & Racquet Club

SANTA BARBARA, CA AND WEST PALM BEACH, FL , Sept 4, 2025 - (ACN Newswire via SeaPRwire.com) - U.S. Polo Assn., the official sports brand of the United States Polo Association (USPA), proudly marked a major milestone this past weekend as the Title Sponsor of the 2025 U.S. Polo Assn. Pacific Coast Open, held August 15-31 at the iconic Santa Barbara Polo & Racquet Club. This prestigious tournament, known as the crown jewel of West Coast polo, brought together top-tier talent and record-breaking crowds for one of the sport's most celebrated events.U.S. Polo Assn. Pacific Coast Open (Photo Credit: Michelle Lauren)For the first time, U.S. Polo Assn. served as the Title Sponsor of the 2025 U.S. Polo Assn. Pacific Coast Open, one of the oldest and most revered polo tournaments in the world, dating back to 1908. As part of a broader partnership, U.S. Polo Assn. also served as the Official Apparel Brand and Stadium Sponsor of the Santa Barbara Polo & Racquet Club for the 2025 season, extending its relationship with the club into its eighth consecutive year."U.S. Polo Assn. is proud to have supported the Pacific Coast Open for many years, as one of the most historic and prestigious tournaments in the world, and this year we are thrilled to be the Pacific Coast Open's Title Sponsor," said J. Michael Prince, President and CEO of USPA Global, the company that manages the multi-billion-dollar U.S. Polo Assn. brand. "Our longstanding partnership and collaboration with the Santa Barbara Polo & Racquet Club as Official Apparel Brand and Stadium Sponsor, gives U.S. Polo Assn. the wonderful opportunity to celebrate the brand's authentic connection to the sport and its heritage, alongside polo players, fans, and the Santa Barbara community through this exceptional event."Throughout the tournament, U.S. Polo Assn. hosted branded activations and offered exclusive 2025 U.S. Polo Assn. Pacific Coast Open merchandise, available both on-site at the Santa Barbara Club Boutique and online at uspashop.com. The sports brand also collaborated with fellow Santa Barbara Polo & Racquet Club partners for lifestyle and social content opportunities, further celebrating the authentic connection between the sport, fashion, and California culture.The tournament featured an elite lineup of athletes, including U.S. Polo Assn. Brand Ambassador Nico Escobar, who took the field for Team La Karina. In an action-packed final game, La Karina secured its first-ever Pacific Coast Open title with a 12-10 win over Carbenella. La Karina's Felipe "Pipe" Vercellino delivered a dominant performance and earned Most Valuable Player honors after scoring nine of his team's twelve goals."The U.S. Polo Assn. brand continues to enhance the sports experience for players, fans, and our community for the prestigious Pacific Coast Open," said Henry Walker, President of the Board of Directors for Santa Barbara Polo & Racquet Club. "The long-standing partnership between U.S. Polo Assn. and the Santa Barbara Polo & Racquet Club is a true testament to our shared passion for the sport."The 2025 U.S. Polo Assn. Pacific Coast Open remains the most coveted prize in West Coast polo and is a symbol of tradition, excellence, and competitive spirit. With U.S. Polo Assn.'s title sponsorship, this year's event elevated not only the level of play but also the lifestyle and experience for fans and players.Photo Credit: Michelle LaurenAbout U.S. Polo Assn. and USPA GlobalU.S. Polo Assn. is the official sports brand of the United States Polo Association (USPA), the largest association of polo clubs and polo players in the United States, founded in 1890 and based at the USPA National Polo Center (NPC) in Wellington, Florida. This year, U.S. Polo Assn. celebrates 135 years of sports inspiration alongside the USPA. With a multi-billion-dollar global footprint and worldwide distribution through more than 1,100 U.S. Polo Assn. retail stores as well as thousands of additional points of distribution, U.S. Polo Assn. offers apparel, accessories, and footwear for men, women, and children in more than 190 countries worldwide. The brand sponsors major polo events around the world, including the U.S. Open Polo Championship®, held annually at NPC in The Palm Beaches, the premier polo tournament in the United States. Historic deals with ESPN in the United States, TNT and Eurosport in Europe, and Star Sports in India now broadcast several of the premier polo championships in the world, sponsored by U.S. Polo Assn., making the thrilling sport accessible to millions of sports fans globally for the very first time.U.S. Polo Assn. has consistently been named one of the top global sports licensors in the world alongside the NFL, PGA Tour, and Formula 1, according to License Global. In addition, the sport-inspired brand is being recognized internationally with awards for global growth. Due to its tremendous success as a global brand, U.S. Polo Assn. has been featured in Forbes, Fortune, Modern Retail, and GQ as well as on Yahoo Finance and Bloomberg, among many other noteworthy media sources around the world.For more information, visit uspoloassnglobal.com and follow @uspoloassn.USPA Global is a subsidiary of the United States Polo Association (USPA) and manages the multi-billion-dollar sport brand, U.S. Polo Assn. USPA Global also manages the subsidiary, Global Polo, which is the worldwide leader in polo sport content. To learn more, visit globalpolo.com or Global Polo on YouTube.Contact InformationShannon StilsonVP, Sports Marketing and Mediasstilson@uspagl.com+001.561.227.6994Stacey KovalskyVP, Global PR and Communicationsskovalsky@uspagl.com+001.561.790.8036SOURCE: U.S. Polo Assn. Copyright 2025 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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HKTDC Export Confidence Index: 3Q25; Exporter optimism rises as global trade tension falls

HKTDC Export Confidence Index: 3Q25; Exporter optimism rises as global trade tension falls

HONG KONG, Sep 4, 2025 - (ACN Newswire via SeaPRwire.com) – The recent de-escalation in global trade tension has triggered an uptick in confidence among Hong Kong exporters. This was the key finding of the latest edition of the HKTDC Export Confidence Index – 3Q25 – which was released today.Overall 2025 Export Growth Forecast for 2025 upwardly adjustedThis rise in confidence was underlined by the readings of two of the Index’s key components – the Current Performance Index and the Expectation Index. For its part, the Current Performance Index, a measure of how exporters viewed their business performance in the surveyed quarter, stood at 53.3 (up from 49.6). The Expectation Index, a measure of how exporters see their likely prospects in the coming quarter, stood at 54.3 (up from 49.0).This is the highest reading for the two metrics since the introduction of the upgraded HKTDC Export Confidence Index in January 2024. The outcomes here were underpinned by the rally in Sales and New Orders, a development driven by the widely adopted trade front-loading strategy, and the rise in Trade Value (higher unit prices), which stemmed from the impact of the higher US tariffs.Hong Kong’s exports recorded year-on-year growth of 12.7% in the first seven months of 2025, with the tactical front-loading of trade being the major contributory factor. As a result, the HKTDC has upwardly revised its overall Hong Kong Export Growth Forecast for 2025 from 3% to 7-9%.Tariffs and front-loaded trade set to impact 2026 export figuresThe Council, however, has been keen to put this revision into perspective and has cautioned against assuming this latest prediction will remain unaffected by the ongoing market uncertainties.Addressing the uncertainties that lie ahead, Irina Fan, Director of HKTDC Research, said: “While it’s tempting to celebrate this forecast, it’s essential that we bear in mind that the better-than-expected export performance in the first seven months of the year was driven largely by the front-loading trade strategy, the benefits of which will recede over the coming months.“As of August, the US imposed high tariffs on many of its major trading partners, including Japan, South Korea, the European Union and several key ASEAN bloc members. Beyond that, China-US trade talks are ongoing, with the deadline for any agreement now extended until November this year.“With all of this in mind, we should be duly cautious and refrain from being overly optimistic. The possibility of future tariff hikes and further supply chain risks within the already increasingly fragmented global trading arena remains very real and could well translate into a sharp deceleration in trade in 2026.”For the present, though, in terms of markets, Mainland China (62.4, up 9.5) and the ASEAN bloc (56.9, up 3.5) continue to be seen as hugely promising with regard to their Current Performance, while export performance was reported as being elevated across the EU and in Japan. There are also signs that this is likely to continue in the near term, with the Market Expectation Index showing that exporters remain optimistic as to their expansion prospects within many of their target markets, including Mainland China (60.5, up 7.9), the ASEAN bloc (60.5, up 0.6), the EU (55.0, up 4.3 points) and Japan (54.7, up 4.1 points).Overall, it is only in the case of the US that confidence continued to falter, with readings for both its current and expected performance staying firmly below 40, an indication that considerable contraction is anticipated.Rising / stable profit margins widely expectedOn the industry sector front, the Current Performance readings for Timepieces (54.9, up 2.8), Electronics (54.5, up 5.6), Clothing (51.2, up 2.3), and Jewellery (51.3, down 0.3 points) placed them all in expansionary territory. Toys (49.4, up 6.3 points) and Equipment/ Materials (45.8, down 4.6), however, remained in contractionary space.A similar message could be derived from the Expectation Index, with Electronics (56.0, up 7.6), Timepieces (53.8, up 2.3), Clothing (51.9, up 4.6) and Jewellery (51.5, up 1.5) all firmly in the expansionary zone, and only the Toys (49.4, up 5.8) and Equipment / Materials (47.3, down 3.8) sectors seen as still liable to contract.Reiterating the overall message of the most recent figures, Nicholas Fu, the HKTDC Research Senior Economist who oversaw the compilation of the Index, said: “From the 3Q25 readings, it is encouraging that the majority (64%) of survey respondents expected rising/stable profit margins despite the challenging trading environment.”To view press releases in Chinese, please visit http://mediaroom.hktdc.com/tcReferences- HKTDC Research website: https://research.hktdc.com/en/- HKTDC Export Confidence Index 3Q25: Exporter optimism up as global trade tension declines [https://research.hktdc.com/en/article/MjEwMDQzNTA1Nw]Photo download: http://bit.ly/3VuV3RVHKTDC Director of Research Irina Fan (left) and HKTDC Senior Economist Nicholas Fu (right) announced the HKTDC Export Confidence Index for 2025’s third quarter at a press conference todayHKTDC Director of Research Irina FanHKTDC Senior Economist Nicholas FuMedia enquiriesPlease contact the HKTDC’s Communication and Public Affairs Department:Clayton LauwTel: (852) 2584 4472Email: clayton.y.lauw@hktdc.orgAgnes WatTel: (852) 2584 4554Email: agnes.ky.wat@hktdc.orgAbout HKTDCThe Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With over 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Copyright 2025 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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Zhejiang Expressway Absorbs and Merges with Oceanking Development: Establishing Dual A+H Platform to Boost Share Price

HONG KONG, Sep 4, 2025 - (ACN Newswire via SeaPRwire.com) - On September 2, Zhejiang Expressway Co., Ltd. (hereinafter referred to as “Zhejiang Expressway,” Stock Code: 00576.HK) announced a major development — it plans to absorb and merge Zhejiang Oceanking Development Co., Ltd. (hereinafter referred to as “Oceanking Development”). The news has attracted widespread attention in both the capital markets and the industry, reflecting numerous strategic considerations and long-term significance.Zhejiang Expressway is a core member and key listed platform of Zhejiang Provincial Transportation Group. Leveraging its profound historical legacy, it holds a pivotal leading position in the expressway investment and operation sector. The Company focuses on managing strategically vital road networks within Zhejiang Province, undertaking the critical mission of ensuring regional transportation connectivity. As the only listed expressway company in Zhejiang Province, it has deeply established its presence in the middle and lower reaches of the Yangtze River, boasting irreplicable geographical advantages and continuously growing traffic demand, which consolidate its dominant market position.The main assets operated by Zhejiang Expressway include the 248-km Shanghai-Hangzhou-Ningbo Expressway, the 141-km Shangsan Expressway, the 70-km Jinhua Section of the Ningbo-Jinhua Expressway, the 122-km Hanghui Expressway, the 82-km Huihang Expressway, the 46-km Zhoushan Bay Bridge, the 222-km LongLiLiLong Expressway, the 50-km Zhajiasu Expressway, and the 161-km HuangQuNan Expressway. In addition to the above expressway assets, the Company also operates two major financial business segments (Zheshang Securities and Zheshang Futures), further diversifying its business structure and establishing a solid foundation for its diversified development.This absorption and merger will have a significant positive impact on Zhejiang Expressway’s H-share price. According to the announcement, the issue price of A-shares of Zhejiang Expressway is RMB 13.5 per share, representing a premium of approximately 119.01% over the closing price of HKD 6.76 per H-share of Zhejiang Expressway on the Hong Kong Stock Exchange on September 2, 2025. Among all listed expressway-related companies in both markets, Zhejiang Expressway ranks first in net profit attributable to the parent, consolidating its leading position in the industry.According to the financial report, in the first half of 2025, Zhejiang Expressway achieved revenue of RMB 8,685.46 million, representing an increase of 3.8% as compared to the same period in 2024. Profit attributable to owners of the Company was RMB 2,787.48 million, representing a year-on-year increase of 4.0%. Basic earnings per share was RMB 46.51 cents, representing a year-on-year increase of 4.0%. Diluted earnings per share was RMB 46.51 cents, representing a year-on-year increase of 5.6%.By business segment, segment profit from the nine major expressways operated by the Company achieved RMB 2,258.26 million, representing a year-on-year increase of 6.3% and 57.5% of the total profit. Segment profit generated from securities business was RMB 1,258.41 million, representing a year-on-year increase of 56.6% and 32.1% of the total profit.However, despite strong performance, the H-share P/E of Zhejiang Expressway still lagged noticeably behind A-share peers. Based on a comprehensive analysis of industry average prices and the lowest A-H share discount, it was estimated that after converting to A-shares, Zhejiang Expressway’s valuation could have an upside potential of 62% based on the maximum value, and nearly 50% upside potential based on the average value, indicating promising prospects for future development.High Emphasis on Shareholder Returns: Post-Merger Share Price Upside Potential is PromisingIn the capital markets, the path for expressway enterprises to list directly on the A-share market has been full of challenges. The last expressway company to directly list on the A-share market dates back to 2009, and there have been few successful cases in the following years. Chengdu Expressway terminated its A-share listing application at the end of 2024, an event that further highlights the challenges faced by expressway companies in pursuing A-share listings.According to analysis of investment professionals, under the current market environment and regulatory policies, achieving an A-share listing through absorption and merger has become the only viable path for expressway companies. Zhejiang Expressway’s proposed absorption and merger with Oceanking Development reflects this industry trend, actively exploring a development path suitable for itself while also providing a new paradigm for capital operations within the sector.From a dividend perspective, Zhejiang Expressway has consistently attached great importance to shareholder returns and adheres to a long-term and steady dividend policy. Since its listing in 1997, the Company has distributed cumulative dividends totaling RMB 28.46 billion, equivalent to 7.78 times the total proceeds raised in its IPO. It is anticipated that upon completion of the absorption and merger, Zhejiang Expressway’s dividend attractiveness will be further enhanced.In the latest released draft plan, Zhejiang Expressway has explicitly committed to strictly formulating a scientific and reasonable shareholder dividend arrangement in accordance with the Company Law, Securities Law, and the relevant provisions of the articles of association of the Company. For the three years following the completion of this transaction (including the year of completion), and subject to compliance with relevant laws, regulations, and regulatory rules regarding cash dividends, the surviving company will distribute annual profits in cash of no less than RMB 0.41 per share (including both A-shares and H-shares). This commitment fully reflects the Company’s strong emphasis on shareholder interests as well as its firm confidence in future development.From the perspective of the key indicator of dividend yield, as of September 3, 2025, Zhejiang Expressway’s dividend yield reached approximately 6%. The relatively high dividend yield not only provides investors with considerable returns but also injects strong confidence and momentum into the Company’s future development.Post-Merger Focus on Core Business with Broader Growth PotentialIn terms of business layout, Zhejiang Expressway has, in recent years, leveraged its long-standing expertise in expressway operations to successfully build a diversified business portfolio. The proposed absorption and merger with Oceanking Development reflects the Company’s accurate assessment of market trends and careful consideration of its development strategy. Upon completion of the merger, the Company will continue to focus on its core business, optimize resource allocation, and maximize efficiency, thereby unlocking broader growth potential.In terms of strategic layout, Zhejiang Expressway, leveraging its acute market insight, will inject eligible expressway assets in a timely manner based on market dynamics and corporate development needs. Recently, Shangsan Co received a total capital injection of RMB 6 billion from Communications Group, China Merchants Expressway, Tiantai State Capital, and Shangyu Transportation, of which RMB 4.4175 billion was contributed by its controlling shareholder, Communications Group. Upon completion of the capital increase, Zhejiang Expressway’s shareholding in Shangsan Co will be reduced to 61.25%, thereby indirectly lowering the proportion of its securities business. This move will significantly enhance the Company’s overall strength and financial stability, while also underscoring the effectiveness of its strategy to focus on its core expressway business.Overall, as a leading enterprise in the expressway industry, Zhejiang Expressway will, upon completion of the restructuring, establish an “A+H” dual-capital platform. This will place the Company in a favorable position comparable to its peers, supporting long-term development and aligning with shareholder interests. The higher valuation level of the A-share market will enable more efficient financing, thereby creating greater value for all shareholders. Meanwhile, following the major shareholder’s return to the A-share market, its holdings will be converted into tradable shares, providing a more direct driver for market capitalization growth and aligning closely with the interests of minority shareholders to form a strong community of shared interests. With its outstanding strategic layout and strong growth potential, Zhejiang Expressway is poised to seize future opportunities, and its development prospects are highly promising. Copyright 2025 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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Champion REIT Receives ‘A’ Ratings From Credit Rating Agencies JCR and R&I

Champion REIT Receives ‘A’ Ratings From Credit Rating Agencies JCR and R&I

HONG KONG, Sep 1, 2025 - (ACN Newswire via SeaPRwire.com) - Champion Real Estate Investment Trust (“Champion REIT” or the “Trust”) (Stock Code: 2778) is pleased to announce that the Trust has been assigned its first “A” Issuer Rating with a stable outlook by Japan Credit Rating Agency, Ltd. (“JCR”) and Rating & Investment Information Inc. (“R&I”).The dual recognition from Japan’s two leading credit rating agencies underscores the Trust’s strong reputation in the capital markets, and reinforces investor confidence in its steady and prudent financial management.Ms Christina Hau, Chief Executive Officer of Champion REIT, said, “We are honoured to receive ‘A’ credit ratings with stable outlooks from both JCR and R&I. This recognition testifies to our prudent financial management, stable capital structure and the enduring quality of our landmark assets in prime locations. We will continue to stay agile in our business and financial strategies to deliver sustainable value to our unitholders and stakeholders in a dynamic market environment.” JCR said, “The ratings positively reflect the Trust’s stable business model focused solely on property leasing and management, high-quality portfolio, financial soundness supported by conservative leverage control, and long-term management track record of overcoming past market cycles.”R&I said, “The rating reflects the excellent portfolio comprised of trophy properties located in central Hong Kong, significantly low level of leverage and track record of long-term and solid performance for approximately 19 years.”About Champion REIT (2778)Champion Real Estate Investment Trust is a trust formed to own and invest in income-producing office and retail properties. The Trust focuses on Grade A commercial properties in prime locations. It currently offers investors direct exposure to nearly 3 million sq. ft. of prime office and retail floor area. These include two Hong Kong landmark properties, Three Garden Road and Langham Place, as well as a joint venture stake in 66 Shoe Lane in Central London. The Trust has been awarded the top five-star rating by GRESB since 2023. Champion REIT is managed by Eagle Asset Management (CP) Limited, a member of the Great Eagle Group.Website: www.championreit.comAbout Japan Credit Rating Agency Ltd. (JCR)Established in 1985, JCR is a leading credit rating agency in Japan, and an expert of credit risk analysis. JCR widely provides accurate evaluations on sustainable finance, and is an evaluation organization that contributes the most to “overcoming environmental and social issues and realizing a sustainable society”, one of the most important global issues. JCR is certified by the European Securities and Markets Authority (ESMA), and recognized as eligible ECAI by the Hong Kong Monetary Authority (HKMA).About Rating & Investment Information Inc. (R&I)R&I is Japan's leading rating agency with the largest market share in Japanese bond market. R&I provides credit ratings, research, and investment information services to support sound investment decisions and promote transparency in the financial markets. It is recognized by Japan’s Financial Services Agency (FSA) and the Hong Kong Monetary Authority (HKMA). Copyright 2025 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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Fashion Hong Kong celebrates 10th anniversary, Four local brands present ‘A Decade in Design: What is Seen? What is Felt?’

Fashion Hong Kong celebrates 10th anniversary, Four local brands present ‘A Decade in Design: What is Seen? What is Felt?’

HONG KONG, Sep 4, 2025 - (ACN Newswire via SeaPRwire.com) - Annual fashion extravaganza CENTRESTAGE kicked off with the spectacular Fashion Hong Kong Runway Show on 3 September. The show featured the creative collections of four Hong Kong brands: ANGUS TSUI, ARTY:ACTIVE, IP AXIS INDUSTRIAL STUDIO, and selfFab.This year celebrates the 10th anniversary of Fashion Hong Kong. To mark the milestone, the runway show adopted the theme “A Decade in Design: What is Seen? What is Felt?”, reflecting on the creative journey of Hong Kong designers. Through their unique works, the four designers have showcased personal stories, cultural heritage and design ingenuity, fusing the “seen” with the “felt” to deliver a fashion experience that resonates both visually and emotionally.The show received enthusiastic acclaim from the multitude of industry professionals, celebrities and fashion enthusiasts in attendance, including luminaries such as Grace Chan, Tony Wu, DeeGor Ho and Isabella Chan.Organised by the Hong Kong Trade Development Council (HKTDC) and sponsored by the Cultural and Creative Industries Development Agency (CCIDA) of the Government of the Hong Kong Special Administrative Region, CENTRESTAGE is now in full swing, running until 6 September at the Hong Kong Convention and Exhibition Centre. This year's fashion showcase has brought together participants from 25 countries and regions and features a record-breaking number of more than 260 local and international brands. The four-day event is open to both trade professionals and the public with free admission for all. Visitors from Hong Kong, Mainland China and overseas are invited to come along and experience the excitement and vibrancy of the fashion world.CENTRESTAGE is held concurrently with the Hong Kong Watch & Clock Fair and Salon de TE, offering visitors a multifaceted fashion journey where apparel and timepieces converge, with visitors able to take part in the CENTRESTAGE x Watch & Clock Lucky Draw.Photo download: http://bit.ly/4604T36Celebrities at the Fashion Hong Kong Runway ShowGrace Chan(wearing ANGUS TSUI)Tony Wu(wearing IP AXIS INDUSTRIAL STUDIO)DeeGor Ho(wearing selfFab.)Isabella Chan(wearing selfFab.)Winnie Chan(wearing ANGUS TSUI)Marco@P1X3L(wearing IP AXIS INDUSTRIAL STUDIO)Adams Ho(wearing ARTY:ACTIVE)Manson Cheung(wearing ANGUS TSUI)Alice Hui(wearing ARTY:ACTIVE)ANGUS TSUI (Designer: Angus Tsui), 10th Anniversary EditionBrand: ANGUS TSUI; Collection: A Decade of Creating Otherworldly Universe in FashionTo celebrate the brand’s 10th anniversary, the collection titled “A Decade of Creating Otherworldly Universe in Fashion” revisits iconic designs from past seasons, reimagining them through bold new approaches. Concluding the “Xeno” narrative on future space colonisation, the collection introduces fresh creations that deliver a visual spectacle of otherworldly aesthetics.ARTY:ACTIVE (Designer: Gary Tsang), Spring/Summer 2026 CollectionBrand: ARTY:ACTIVE; Collection: Pulsy BouncyInspired by the concept of bouncing, the collection “Pulsy Bouncy” translates the essence of resilience, energy and dynamic motion into a visually striking fusion of traditional craftsmanship and technology. Influenced by streetwear, the collection merges futuristic and sporty aesthetics, evoking optimism, fluidity and bold self-expression.IP AXIS INDUSTRIAL STUDIO (Designer: Max Tsang), Chapter 06 Collection Brand: IP AXIS INDUSTRIAL STUDIO; Collection: Relics from a Near FutureInspired by Maya from the movie The Creator, the "Relics from a Near Future" collection explores the journey of a solitary figure navigating ruins and wilderness – observing, sensing, and surviving. Stonewashed and abraded textures evoke the erosion of time, while functional cuts meet the demands of movement, defining a new aesthetic for fractured future fashion.selfFab. (Designer: Menu Tsai), Spring/Summer 2026 Collection Brand: selfFab.; Collection: Hybridized Armour: Cultural Codes ReconstructedDrawing inspiration from military tailoring, football kits and court silhouettes, the collection reinvents cultural codes into bold, oversized forms. Camouflage, jerseys and abandoned emblems are patchworked into modern armour, offering a new means of expression for a generation navigating fragmented identities.CENTRESTAGE details:Date: 3 to 6 September 2025 (Wednesday to Saturday)Venue: Hong Kong Convention and Exhibition CentreDateCENTERSTAGE opening hours3-5 Sept(Wed to Fri)10am-7pmFree admission for trade visitors (aged 18 and over) and public visitors6 Sept (Sat)10am-6pmWebsites- CENTRESTAGE: www.centrestage.com.hk- CENTRESTAGE buyer online registration: https://bit.ly/4m8mv33- Fashion Hong Kong: https://www.fashionhongkong.com/en- Hong Kong Young Fashion Designers' Contest (YDC): www.fashionally.com/enMedia enquiriesBest Crew Public Relations & MarketingDiana Tang Tel: (852) 3594 6443 Email: diana.tang@bestcrewpr.comReni Kwok Tel: (852) 3594 6443 Email: reni.kwok@bestcrewpr.comHKTDC Communications and Public Affairs Department:Sharon HaTel: (852) 2584 4575Email: sharon.mt.ha@hktdc.orgKaty WongTel: (852) 2584 4524Email: katy.ky.wong@hktdc.orgHKTDC Newsroom: http://mediaroom.hktdc.com/enAbout Fashion Hong KongFashion Hong Kong is a series of international promotional events organised by Hong Kong Trade Development Council (HKTDC) to promote Hong Kong fashion designers and labels in the global fashion arena.Since 2015, Fashion Hong Kong has actively participated in international fashion weeks and renowned events to showcase Hong Kong’s unique and diversified designers, with footprints in New York, London, Paris, Milan, Copenhagen, Shanghai, Shenzhen, Tokyo and Seoul.About the HKTDCThe Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With over 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. About Cultural and Creative Industries Development Agency (CCIDA)The Cultural and Creative Industries Development Agency (CCIDA) established in June 2024, formerly known as Create Hong Kong (CreateHK), is a dedicated office set up by the Government of the Hong Kong Special Administrative Region (HKSAR Government) under the Culture, Sports and Tourism Bureau to provide one-stop services and support to the cultural and creative industries with a mission to foster a conducive environment in Hong Kong to facilitate the development of arts, culture and creative sectors as industries. Its strategic foci are nurturing talent and facilitating start-ups, exploring markets, promoting cross-sectoral and cross-genre collaboration, promoting the development of arts, culture and creative sectors as industries under the industry-oriented principle, and promoting Hong Kong as Asia’s creative capital and fostering a creative atmosphere in the community to implement Hong Kong’s positioning as the East-meets-West centre for international cultural exchange under the National 14th Five-Year Plan. CCIDA’s website: www.ccidahk.gov.hk. Copyright 2025 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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Asia Unicorn Forum Releases 2024 Report: China, India, Israel Top Asian Unicorn Rankings

Asia Unicorn Forum Releases 2024 Report: China, India, Israel Top Asian Unicorn Rankings

SINGAPORE, Sept 4, 2025 - (ACN Newswire via SeaPRwire.com) - The Asia Unicorn Forum (AUF), a future-shaping organisation dedicated to advancing technological innovation and sustainable growth among Asia’s unicorn companies, had published its 2024 Asia Unicorn Development Report in May 2025.The report identifies China, India, and Israel as Asia’s top three nations by unicorn count, with China holding a commanding lead.“While unicorns have long been a focus in investment circles, we now recognise them as a distinct economic phenomenon," said Mr Liu Yanlong (刘彦龙), Executive Chairman of AUF, emphasising the report’s groundbreaking approach and methodology."For the first time, we define unicorns as part of a standalone unicorn economy. Unlike other reports, we analysed 59 metrics across six categories—entrepreneurship, business model innovation, technological edge, capital strength, and more—to uncover the unique drivers of Asian unicorns."We’ve identified a replicable strategic pattern: the Creating Neo-Market Strategy (CNM). Unicorns aren’t just great companies; they pioneer entirely new market categories and become transformative forces."Key Findings1. Landscape for Unicorns- Asia is home to 646 unicorns (startups valued at more than US$1.0 billion) with a combined valuation of US$2.4 trillion (average US$37.0 billion per company), spanning 16 countries and 11 industries.- China dominates with 454 unicorns (70% of Asia’s total), followed by India (12%) and Israel. Only five countries — China, India, Israel, Singapore, and South Korea — have over 10 unicorns each (see Chart 1).2. 2024 Asia Top 100 Unicorns- China claims 75 spots, India 11, and Israel 6, collectively representing 92% of the list.3. Valuation Insights- Total Valuation: China’s unicorns account for US$1.74 trillion (73% of Asia’s total), while India’s total is US$281.8 billion (12%).- Average Valuation: China, Singapore, the UAE, and Vietnam exceed Asia’s average of US$37 billion (see Chart 2).4. Industry Breakdown:- China’s unicorns lead in software, transportation, key and core technology, consumer, fintech, and media/entertainment, each surpassing US$100 billion in total valuation. India’s software sector is its sole industry crossing this threshold.- Israel (software) and Singapore (consumer) show notable valuations (see Chart 3).5. Emerging Unicorns:- 73 new unicorns emerged in 2024, including 10 companies that achieved unicorn status within one year—far outpacing the traditional 10-year trajectory. Eight of these are Chinese companies.6. Business Models:- Platform-based (43%) and technology-driven (42%) models dominate Asia’s unicorn ecosystem.Future Trends - Tech Convergence: IT and biotech will increasingly merge, with growth extending into new energy and advanced materials.- Regionalisation: Amid global fragmentation, Asian unicorns will face intensified regional competition and collaboration.- AI & Energy: Unicorns in these sectors are poised to surge, reshaping Asia’s energy landscape.Report AvailabilityThe 300-page 2024 Asia Unicorn Development Report offers in-depth analysis of success patterns and regional drivers. For details, visit AUF’s official WeChat channel (Asia Unicorn AUF) or email auf@auforum.org.Charts Referenced1. Chart 1: Geographic Distribution of Unicorns in Asia (by Country Count)2. Chart 2: Total and Average Valuation of Asian Unicorns by Country3. Chart 3: Bubble Chart of Total Valuation Distribution by Country and IndustryFor media and any queries, please contact:AUF SecretariatEmail: auf@auforum.org Copyright 2025 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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Galaxy Payroll Group Limited Announces Share Consolidation

Galaxy Payroll Group Limited Announces Share Consolidation

HONG KONG, Sep 4, 2025 - (ACN Newswire via SeaPRwire.com) - September 3, Galaxy Payroll Group Limited (Nasdaq: GLXG) ("Galaxy" or the "Company"), a leading global payroll provider, today announced that its Board of Directors has unanimously approved a consolidation of all issued and unissued ordinary shares at a ratio of ten (10) shares to one (1) share of the same class (the “Share Consolidation”). The Share Consolidation was approved pursuant to the British Virgin Islands Business Companies Act and the Company's amended and restated memorandum and articles of association.The Share Consolidaton will be effective at 12:01 a.m. (ET) on September 8, 2025 (the “Record Date”) and the Company’s ordinary shares will begin trading on the Nasdaq Capital Market (“Nasdaq”) on a consolidation-adjusted basis at the opening of market on September 8, 2025. The Company’s ordinary shares will continue to trade on the Nasdaq Capital Market under the trading symbol “GLXY” but will trade under the following new CUSIP number: G37692 111.The Share Consolidation will apply to both Class A and Class B ordinary shares, with the par value per share increasing from US$0.000625 to US$0.00625 following the consolidation. The Share Consolidation will reduce the number of outstanding ordinary shares of the Company from 21,615,000 to approximately 2,161,500. No fractional shares will be issued in connection with the Share Consolidation. Instead, the Company will issue one full post-Share Consolidation ordinary share to any shareholder at a participant level who would have been entitled to receive a fractional share as a result of the process. The Company's memorandum and articles of association will be amended to reflect these changes."The share consolidation represents an important step in optimizing our capital structure as we position the Company for future growth opportunities," said Mr. Wai Hong Lao, Chairman and Chief Executive Officer of Galaxy Payroll Group. "This action will streamline our share structure while maintaining the proportional rights and economic interests of all shareholders."About Galaxy Payroll Group Limited Galaxy Payroll Group Limited is a leading payroll outsourcing service provider based in Hong Kong. The company specializes in delivering HR and payroll solutions to multinational companies across various industries. With a focus on innovation and client satisfaction, GLXG operates in Hong Kong, Taiwan, Macau, and the PRC, offering payroll outsourcing, employment services, and consultancy to businesses of all sizes.For more information, please visit Galaxy Payroll Group's website: www.galaxyapac.com. Forward-Looking Statements Matters discussed in this press release may constitute forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. The words "believe," "anticipate," "intends," "estimate," "potential," "may," "should," "expect" "pending" and similar expressions identify forward-looking statements. The forward-looking statements in this press release are based upon various assumptions. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations.For enquiry, please contact Intelligent Joy Limited:Karen DengPhone: (852) 3594 6407Email: pr-team@intelligentjoy.com Copyright 2025 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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CENTRESTAGE celebrates a decade of style, Four days of fashion events open to all with fashion gurus leading inspiring sessions

CENTRESTAGE celebrates a decade of style, Four days of fashion events open to all with fashion gurus leading inspiring sessions

- The 10th edition of CENTRESTAGE runs from 3 to 6 September at the HKCEC, with free admission on all four days for both industry professionals and the public- Over 260 brands from 25 countries and regions are participating, making this the biggest and most international edition to date. Six themed zones cover accessories, athleisure, circular fashion, craftsmanship, contemporary design and urban street style- The United Kingdom joins for the first time as Partner Country, presenting 16 British brands and bringing fresh perspectives to the fair- Internationally acclaimed couturier Guo Pei and legendary fashion figure Professor Jimmy Choo OBE will both host sharing sessions- Around 30 runway shows will be staged, including the Fashion Hong Kong Runway Show that features creative collections from four local brands- The Hong Kong Young Fashion Designers’ Contest (YDC) closes the fair on 6 September, with Charles Jeffrey, designer of London label Charles Jeffrey LOVERBOY, serving as guest judgeHONG KONG, Sep 3, 2025 - (ACN Newswire via SeaPRwire.com) - Organised by the Hong Kong Trade Development Council (HKTDC) and sponsored by the Culture and Creative Industries Development Agency (CCIDA) of the Government of the Hong Kong Special Administrative Region (HKSAR), CENTRESTAGE, Asia’s annual fashion extravaganza, opened today at the Hong Kong Convention and Exhibition Centre (HKCEC) in Wan Chai. The fair runs until 6 September, with free admission on all four days for both industry professionals and members of the public. This year marks a major milestone for CENTRESTAGE as the event celebrates its 10th edition. Over 260 brands from 25 countries and regions are taking part – a record high for CENTRESTAGE – with more diverse international participation helping to cement Hong Kong’s role as Asia’s fashion hub.Sophia Chong, Deputy Executive Director of the HKTDC, said: “For the past decade, CENTRESTAGE has been committed to providing a platform where designers from Hong Kong and Asia can showcase their work and exchange ideas. As it celebrates its 10th edition, the scale of the fair has reached another new high, and for the first time we are delighted to welcome the United Kingdom as Partner Country. At CENTRESTAGE ELITES, held on 1 September, we were greatly honoured to have internationally acclaimed couturier Guo Pei present her new couture collection ‘Gilternity: An Everlasting Radiance’. This was her very first solo couture show in Hong Kong and it provided a dazzling highlight to the fair. During the exhibition period, more than 40 exciting events will take place, including a record number of around 30 fashion shows. These events will create more opportunities for designers, brands and the industry, while allowing the public to experience world-class fashion at close quarters.”International pavilions gather while design masters host sharing sessionsThis year’s CENTRESTAGE has attracted brands from around the globe. The United Kingdom is participating for the first time as Partner Country, presenting 16 brands, including the works of sustainable designer Patrick McDowell, to showcase the diversity of British design. Thailand has brought more than 40 brands for its largest pavilion ever, including KANZ BY THAITOR and SUNTREE ATELIER, highlighting the vibrancy of Southeast Asian fashion. Czechia is participating with brand LINDA PRO incorporating traditional glass craftsmanship into its unique handbag designs. The Canada pavilion highlights cultural diversity, presenting brands led by female, indigenous and multicultural designers, while Japan presents a number of emerging labels such as HOUGA and THE NERDYS. The Australia pavilion features brands such as BONDI BORN and bond-eye. Pavilions from Korea, Macao and the Philippines are also showcasing their latest designs. The fair has also attracted design forces from Mainland China, Hong Kong, Cambodia, Denmark, Finland, France, Germany, India, Indonesia, Peru, Singapore, Taiwan, the Netherlands, the United States, Ukraine and Vietnam – a total of 25 countries and regions, with nine of them exhibiting for the first time – further consolidating CENTRESTAGE’s role as an international exchange platform and Hong Kong’s status as Asia’s fashion hub.CENTRESTAGE is not only a showcase for fashion brands but also a platform for industry exchange and discussions on the future development of fashion. This year sees several internationally renowned fashion gurus and industry leaders taking part in seminars and designer sharing sessions. On 1 September, Guo Pei presented more than 30 meticulously crafted works under the theme "Gilternity: An Everlasting Radiance" at CENTRESTAGE ELITES. Some of these pieces are on display during the fair, and on 4 September Guo Pei will attend in person a master sharing session to share her design philosophy and journey with the audience. Earlier today, international fashion legend Professor Jimmy Choo OBE hosted the “Meet the Fashion Legend” session, introducing the JCA – London Fashion Academy and showcasing works by its emerging designers. And on 5 September, Charles Jeffrey, designer of the London label Charles Jeffrey LOVERBOY, will discuss his avant-garde creations and fashion vision at another sharing session. The fair also features forums on topics such as the fashion design, circular fashion and sustainability, further promoting industry dialogue and collaboration.Fashion Hong Kong’s 10th anniversary showcases local brand powerMore than 40 events will take place over the four days of CENTRESTAGE, including around 30 fashion shows – the highest number in a decade – to offer audiences a dazzling fashion feast. The Fashion Hong Kong Runway Show, organised by the HKTDC, was staged earlier today, showcasing the creative collections of four local brands: ANGUS TSUI, ARTY:ACTIVE, IP AXIS INDUSTRIAL STUDIO and selfFab. This year’s show also marks the 10th anniversary of the Fashion Hong Kong overseas promotion campaign series, presented under the theme “A Decade in Design: What is Seen' What is Felt'”, which explores the creative journeys of Hong Kong designers.The fair also features fashion shows from both local and overseas brands, presenting a wealth of cultures and styles. Highlights include new works by Hong Kong labels 112 mountainyam, DorisKath and KOWLOON CITY BOY; collections by Cambodian brand NATACHA VAN and Japanese brand Snidel; and a finale by CAMMIE CHAN CHEONGSAM, showing how cheongsam design can be extended to adult, children’s and even pet wear, promoting the concept of inclusivity.Multiple cross-regional and cross-sector collaborations are also featured, such as the “GBA Fashion Fusion 2025” organised by the Fashion Farm Foundation, the “Macau Fashion Parade” presented by the Macau Productivity and Technology Transfer Center, and a Thai designers’ showcase. All these events further highlight CENTRESTAGE’s role as a platform for international exchange within the industry. In addition, a series of fashion design competitions will be held during the event, including the “Young Knitwear Designers’ Contest” organised by the Knitwear Innovation and Design Society, and the “THREAD OF CREATIVITY – Fashion Design Competition" organised by Asian New Generation Creativity Design Association, providing a platform for young designers to showcase their talent. Redress, a non-profit organisation dedicated to promoting sustainability, will host the Redress Design Award Grand Final, marking its 15th cycle, further encouraging the industry to embrace eco-conscious design.An important platform for nurturing new talent, the grand final of the Hong Kong Young Fashion Designers’ Contest (YDC) will take place on 6 September. This year, the guest judge is British designer Charles Jeffrey, renowned for his label Charles Jeffrey LOVERBOY that is celebrated for its bold use of colour and combination of performance art with fashion design. His work is highly respected in the London fashion scene and beloved by international stars including Harry Styles, Rita Ora and Tilda Swinton. A panel of professional judges, including Mr Jeffrey, will select winners in four categories: Champion, Excellence Award, Best Visual Presentation, and the My Favourite Collection award. Members of the public can vote online for their favourite collection in the latter category with the chance to win one of five HK$2,000 Lee Gardens e-shopping vouchers sponsored by Hysan Development. (Voting link: https://bit.ly/YDC2025_IG_Vote_Now)This year’s fair features six major themed zones that cover multiple facets of the fashion industry. The newly added Accessories zone focuses on jewellery, footwear, handbags and lifestyle items, responding to strong market demand for fashion accessories. The Athleisure zone showcases sportswear that combines design and functionality, while the Craftsmanship zone highlights exquisite artisan techniques. The Contemporary zone presents avant-garde design, and the Urban zone focuses on youth-oriented street products, including Petrolhead, the design brand run by actor Louis Cheung. The Circular Fashion zone, meanwhile, showcases circular and sustainable design. Some exhibitors are offering retail products on site, allowing visitors to purchase directly from brands such as Bethel, Glocal Mahjong, IP AXIS INDUSTRIAL STUDIO, Petrolhead and YUE HWA.In addition to exhibitions and runway shows, the fair features interactive AI experiences and workshops where visitors can design and create their own fashion accessories, unleashing their creativity and experiencing the joy of fashion design. Local fragrance brand CitiScent has developed a bespoke scent specially for CENTRESTAGE, blending vitality and elegance. Visitors can redeem a 2ml sample with any onsite purchase, available while stocks last.The HKTDC continues to invite buyers from around the world to source at CENTRESTAGE, including major retailers such as Canada’s WDLT 117 Apparel Inc, Indonesia’s Zalora, Italy’s Sugar Srl and Japan’s Hankyu Hanshin Department Stores.CENTRESTAGE is held concurrently with the Hong Kong Watch & Clock Fair and Salon de TE, offering visitors a multifaceted fashion journey where apparel and timepieces converge, with visitors able to take part in the CENTRESTAGE x Watch & Clock Lucky Draw.Photo download: https://bit.ly/3JJX5evCENTRESTAGE opened today at the Hong Kong Convention and Exhibition Centre. Over four days, brands from around the world are unveiling their latest collections, including internationally acclaimed labelsJoining the glittering spectacle at CENTRESTAGE ELITES were Rosanna Law, Secretary for Culture, Sports and Tourism of the HKSAR Government (seventh left); Prof Frederick Ma, Chairman of the HKTDC (seventh right); acclaimed fashion designer Guo Pei (sixth left); Andrew Leung, President of the Legislative Council (sixth right); Margaret Fong, Executive Director of the HKTDC (fifth left); Katherine Fang, Chairman of the HKTDC Garment Advisory Committee (fifth right); Vivian Sum, Permanent Secretary for Culture, Sports and Tourism of the HKSAR Government (fourth left); Dr Peter K N Lam, Council Member of the HKTDC (fourth right); Dr Lo Kam Wing, Council Member of the HKTDC (third left); Lowell Cho, Acting Commissioner for Cultural and Creative Industries of the HKSAR Government (second left); Sophia Chong, Deputy Executive Director of the HKTDC (second right); Shirley Chan, Council Member of the HKTDC and other guestsThe four-day CENTRESTAGE fair is fully open to industry buyers and the public free of charge. Selected brands are also offering retail on site, enabling visitors to purchase fashion pieces from around the worldInternationally renowned couturier Guo Pei unveiled her new collection “Gilternity: An Everlasting Radiance” at CENTRESTAGE ELITES on 1 September. Selected works from the collection are on display at the fairThe fair’s opening runway show, FASHIONALLY Collection, featured four local designer labels: MARCCH, Oplus2, OUS and phenotypsetterInternational fashion legend Professor Jimmy Choo OBE joined a sharing session today, introducing his JCA – London Fashion Academy and presenting creations from some of its emerging designers.This year’s CENTRESTAGE has attracted brands from across the globe. The United Kingdom is participating for the first time as Partner Country, bringing 16 British brands to the fairThe Czechia pavilion is making its debut, with brand LINDA PRO incorporating traditional glassmaking techniques into handbag designs, offering strikingly original creationsWebsites- CENTRESTAGE: www.centrestage.com.hk- CENTRESTAGE pre-registration link for buyer admission: https://bit.ly/4m8mv33- CENTRESTAGE Instagram: https://www.instagram.com/centrestage_hktdc - Fashion Hong Kong: https://www.fashionhongkong.com/en- Hong Kong Young Fashion Designers' Contest (YDC): www.fashionally.com/enMedia enquiriesBest Crew Public Relations & MarketingDiana Tang Tel: (852) 3594 6443 Email: diana.tang@bestcrewpr.comReni Kwok Tel: (852) 3594 6443 Email: reni.kwok@bestcrewpr.comHKTDC Communication and Public Affairs Department:Sharon Ha Tel: (852) 2584 4575 Email: sharon.mt.ha@hktdc.orgKaty Wong Tel: (852) 2584 4524 Email: katy.ky.wong@hktdc.orgHKTDC Newsroom: http://mediaroom.hktdc.com/enAbout the HKTDCThe Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With over 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. About Cultural and Creative Industries Development Agency (CCIDA)The Cultural and Creative Industries Development Agency (CCIDA) established in June 2024, formerly known as Create Hong Kong (CreateHK), is a dedicated office set up by the Government of the Hong Kong Special Administrative Region (HKSAR Government) under the Culture, Sports and Tourism Bureau to provide one-stop services and support to the cultural and creative industries with a mission to foster a conducive environment in Hong Kong to facilitate the development of arts, culture and creative sectors as industries. Its strategic foci are nurturing talent and facilitating start-ups, exploring markets, promoting cross-sectoral and cross-genre collaboration, promoting the development of arts, culture and creative sectors as industries under the industry-oriented principle, and promoting Hong Kong as Asia’s creative capital and fostering a creative atmosphere in the community to implement Hong Kong’s positioning as the East-meets-West centre for international cultural exchange under the National 14th Five-Year Plan. CCIDA’s website: www.ccidahk.gov.hk. Copyright 2025 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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SERES Posts Robust H1 2025 Results: Revenue Hits CNY 62.4 Billion, Net Profit Up 81% to CNY 2.94 Billion, R&D Investment Soars nearly 155%

SERES Posts Robust H1 2025 Results: Revenue Hits CNY 62.4 Billion, Net Profit Up 81% to CNY 2.94 Billion, R&D Investment Soars nearly 155%

HONG KONG, Sep 3, 2025 - (ACN Newswire via SeaPRwire.com) - On August 29, SERES announced its 2025 mid-year results, reporting strong growth across all key metrics. In the first half of the year, SERES achieved operating revenue of CNY 62.4 billion and net profit attributable to shareholders of CNY 2.94 billion—an 81% year-on-year increase. R&D investment reached CNY 5.12 billion, up nearly 155% from the prior year, while NEV sales totaled 172,108 units.This impressive performance was fueled by robust demand for premium smart electric vehicles under the AITO brand, supported by exceptional product quality and delivery capabilities. Contributing factors include the versatile MF Platform for efficient model development, the Super Factory for rapid production scaling, advanced digital-intelligent quality assurance systems, and a modern luxury experience that continues to strengthen AITO’s market reputation.AITO’s latest models continue to raise the bar, with the AITO 9 and AITO 8 maintaining their positions as sales leaders.In the first half of this year, the AITO series continued to evolve with several new launches, including the AITO 5 Ultra, the 2025 Edition AITO 9, and the AITO 8—all of which received strong market and consumer response.Thanks to improvements across its entire value chain, AITO has set new standards for delivery among China’s luxury new energy vehicle brands. As of August 2025, total deliveries of all AITO models have surpassed 750,000 units. Notably, cumulative deliveries of the AITO 9 have exceeded 220,000 units, making it the top-selling vehicle in the CNY 500,000 luxury car segment. The AITO 8 quickly became a bestseller after its debut, with over 70,000 units delivered and holding the top spot in the CNY 400,000 price segment for four consecutive months.Additionally, according to LandRoads’ Brand Health Tracking Study for New Energy Vehicles in the first half of 2025, the AITO brand ranked No. 1 in the Brand Development Confidence Index. The AITO 9 also led the overall new energy vehicle Net Promoter Score (NPS) rankings, with a score of 85.2.Notably, AITO launched an all-electric version of its family-focused flagship SUV, the AITO 8, on August 25. The all-new AITO 7 is also set to make its official debut in September. With the ongoing introduction of new models, AITO continues to expand its product lineup to meet the diverse needs of consumers and strengthen its leadership in the luxury new energy vehicle market.A Commitment to Technological Innovation and Robust R&D InvestmentTechnological innovation is central to SERES’ long-term growth. The company has consistently invested in research and development, driving new advancements and achieving remarkable results in technology. In the first half of 2025, SERES invested CNY 5.20 billion in R&D—nearly a 155% increase year-over-year. The number of R&D personnel reached 6,984, up approximately 27% from last year and now comprising 36% of the company’s total workforce.At this year’s Shanghai Auto Show, SERES unveiled its intelligent safety system, pioneering a scenario-based approach to vehicle safety. The new system establishes an intelligent safety framework across four key areas: life protection, vehicle body protection, health care, and privacy protection. This comprehensive approach ensures user safety throughout the entire vehicle lifecycle and sets a new industry benchmark for intelligent safety.Previously, SERES introduced a series of major technological advancements, including the SERES MF Platform, SERES Super Range-Extender, and the SERES Super Factory. The SERES Super Factory has been an industry pioneer with its “factory-within-a-factory” model, driving product integration, intelligent manufacturing, and industrial clustering to boost collaboration and innovation. The company also set a new industry standard with its Zero-Carbon Smart Logistics Hub.Brand Value Surges Amid Strong Investor ConfidenceAs the world’s fourth new energy vehicle manufacturer to achieve profitability, SERES laid a strong foundation for growth in the first half of the year through strategic product portfolio optimization, technological innovation, and enhanced operational efficiency.SERES also ranked 169th on the 2025 Fortune China 500 list. This was an ascent of 235 spots from the previous year, making it the fastest-climbing company on the list. On the TopBrand 2025 China’s Top 500 Brands list, released in August, SERES ranked 92nd with a brand value of CNY 175.52 billion, breaking into the automotive industry’s top 10 and highlighting its leadership in brand development and market influence. More recently, on August 28, SERES climbed to 59th place—up 174 spots—on the 2025 China Top 500 Private Enterprises list, becoming the top-ranked private enterprise in Chongqing.Meanwhile, the capital markets continue to show strong confidence in SERES’ future growth. In the past six months, nearly 40 securities firms have issued “Buy” ratings for SERES, with expectations that the company will maintain a strong growth trajectory throughout the second half of the year. Copyright 2025 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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Sichuan Neautus TCM Files for Hong Kong IPO to Accelerate Domestic and Global Expansion

HONG KONG, Sep 3, 2025 - (ACN Newswire via SeaPRwire.com) - Company leverages dual-market strategy and technology-driven standardization to strengthen its leadership in China’s TCM sector and enter international markets.Sichuan Neautus Traditional Chinese Medicine Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange. The IPO is intended to raise capital to support the company’s expansion both domestically and internationally amid rapid modernization of China’s traditional Chinese medicine (TCM) industry.Founded in 2021, Chengdu, China, Neautus has grown into a leading player in the herbal decoction pieces market, with annual revenue exceeding RMB 1.2 billion.Dual Growth EnginesNeautus operates a “dual-engine” growth model, balancing institutional sales and consumer demand.The company supplies more than 1,000 major hospitals in China and is continuing to grow. And through its B2B platform, “Jinfang Caotang,” which is an online platform aimed at meeting the demands of approximately 90,000 TCM clinics in China, the company has seen significant success. Since the launch of “Jinfang Caotang,” the platform has attracted over 5,200 registered TCM clinics within a year, signaling high growth.In the consumer market, Neautus specializes in ready-to-consume herbal supplements aimed at a diverse demographic of Traditional Chinese Medicine (TCM) users in China. Additionally, the company has expanded its reach into overseas markets, including Hong Kong, Taiwan, Vietnam, and Malaysia.Technology-Driven StandardizationNeautus is the first company worldwide to apply DNA barcoding technology to identify herbal materials, a standard recognized by both the Chinese and British Pharmacopoeias. This achievement earned the company the National Science and Technology Progress Award (Second Class). In recent years, Neautus has also obtained a series of high-level certifications—from “Chengdu Digital Workshop” to Sichuan Province’s “Advanced Smart Factory”—highlighting its advancement toward Intelligentization 2.0.Market Tailwinds and Global ExpansionSupported by national policies promoting standardization, Frost & Sullivan projects China’s TCM market will exceed RMB 599.3 billion by 2030. IPO proceeds will fund overseas capacity, international certifications, cross-border e-commerce, regional acquisitions, and entry into European and U.S. markets. The company is also planning on developing AI-assisted diagnostic tools via its “Jinfang Cloud” platform.IPO OutlookThe IPO underscores Sichuan Neautus’s role in transforming the TCM industry from traditional manufacturing to value-driven healthcare innovation, while further strengthening its position as an industry leader and advancing the sector toward higher standards and quality.About Sichuan Neautus Traditional Chinese Medicine Co., Ltd.Sichuan Neautus Traditional Chinese Medicine Co., Ltd. specializes in high-quality herbal decoction pieces and health supplements, combining technology, traceability, and research to serve domestic and international markets. Copyright 2025 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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Focus Graphite Pilot Run Demonstrates Significant Increase in Large and Jumbo Flake Recovery at Lac Knife

Focus Graphite Pilot Run Demonstrates Significant Increase in Large and Jumbo Flake Recovery at Lac Knife

Lac Knife Graphite meets and exceeds U.S. DoD standards while delivering ~47wt.% large flake recovery for advanced material markets in recent pilot run conducted by AETCOttawa, Ontario--(ACN Newswire via SeaPRwire.com - September 2, 2025) - Focus Graphite Inc. (TSXV: FMS) (OTCQB: FCSMF) (FSE: FKC0) ("Focus" or the "Company") a Canadian developer of high-grade flake graphite deposits in Quebec, is pleased to announce results from a continuous pilot beneficiation program performed by American Energy Technologies Company ("AETC") on its 100%-owned Lac Knife project. The adjustment from 97.8% total graphite content ("TGC") to 95% TGC resulted in a substantial increase in coarse flake recovery. Large and jumbo flakes increased from approximately 33% to 47%, materially improving economics and diversifying market opportunities in a product portfolio approach planned by Focus.To achieve these results, Focus commissioned AETC to run an upstream beneficiation circuit consisting of 18 processing units connected in series in a continuous locked-cycle campaign. Over 800 kilograms of Lac Knife graphite-bearing rock was processed, producing a concentrate that not only met market specifications but also preserved natural flake size. By producing concentrate in line with real-world demand specifications, Focus maximizes downstream value while enhancing exposure to premium, non-battery markets.In Focus's original pilot plant testing program conducted at SGS Minerals ("SGS") in Lakefield (2013-2014), the objective of achieving a graphite concentrate grade of 97.8% TGC at 90.7% total recovery was successfully met. These results formed the technical foundation of the Lac Knife Feasibility Study (updated 2023), which outlined a process plant designed to produce 50,000 tonnes per year of graphite concentrate, including 47,781 tonnes of high-grade 97.8% TGC salable concentrate from a feed grade of 14.8% TGC. The process flow sheet developed through this work includes crushing, grinding, polishing, flotation, concentrate dewatering and drying, concentrate screening and bagging, and tailings filtration and loadout. While the Feasibility Study demonstrated Lac Knife's ability to deliver ultra-high-purity graphite, subsequent market feedback confirmed that such high purities are not required - and do not command a price premium - in most anode or industrial applications.As a benchmark, the U.S. Defense Logistics Agency ("DLA") Strategic Materials program has defined procurement specifications for natural graphite as -100 mesh concentrate. Lac Knife material comfortably exceeds U.S. defense-grade requirements, while simultaneously aligning with anode makers' specifications for EVs and stationary energy storage.Specification DLA RequirementFocus Graphite - AETC PilotFixed Carbon (TGC)≥ 94%95.5%Ash≤ 5%4.5%Volatile Matter≤ 1.2%0.63 wt.% (600 °C)Moisture≤ 0.5%
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EdgePoint Launches Two More Digital Classrooms in East Malaysia under Its Connectivity for Communities Program

EdgePoint Launches Two More Digital Classrooms in East Malaysia under Its Connectivity for Communities Program

First in Sabah and second in Sarawak, totaling to 14 digital classrooms across ASEANSimunjan - SARAWAK, Sept 2, 2025 - (ACN Newswire via SeaPRwire.com) - EdgePoint Infrastructure (“EdgePoint”), an ASEAN-based independent telecommunications infrastructure company, has announced two additional digital classrooms in East Malaysia under its regional corporate social responsibility (CSR) Connectivity for Communities (CFC). The first digital classroom is in Sekolah Kebangsaan (SK) Kuala Abai in Kota Belud, Sabah and the second was launched by their local partners in Sarawak, Demanlink Connexion Sdn Bhd, in Sekolah Menengah Kebangsaan (SMK) Simunjan No. 1.Both initiatives share the objective of bringing connectivity to underserved areas, fostering digital inclusivity and bridging the digital gap, and brings the total number of digital classrooms established to four in Malaysia and fourteen across ASEAN.At the launch of the digital classroom in Kota Belud, Muniff Kamaruddin, Chief Executive Officer (CEO) of EdgePoint Towers, said, “The launch of the two new digital classrooms in Sabah and Sarawak is an extension of our focus to bridge the digital divide across underserved communities in East Malaysia. We have seen how students in other locations have benefited from connectivity and we are committed to creating more opportunities for education and growth by bringing digital access to those who need it most. The response to our CFC programs has been very encouraging, with surrounding communities also using access to the internet to improve their quality of lives. We are grateful for the continued support from all stakeholders who have worked together with us to equip teachers, students, and their families with the tools to achieve equitable digital literacy towards upward social mobility.Present to launch the digital classroom in Simunjan, Sarawak were Demanlink Connexion Sdn. Bhd, and representatives from the Sarawak State Education Department and Simunjan District Education Office. Hanad Yusuf, CEO of Demanlink, said "Connectivity is more than just access to the internet for students in Sarawak, it is access to opportunity. Many rural areas in Sarawak still struggle with limited or no internet coverage, which continues to widen the digital divide and hinder access to education, economic participation, healthcare and other essential services. The Connectivity for Communities project is helping to close that gap by empowering children in rural communities here with the tools to thrive in a digital world. We launched the first digital classroom last year in Long Miri, and we have already seen real results where student attendance and exam scores have improved significantly, as they now have access to online learning platforms, more engaging teaching material and even options for self-improvement online."In the past year, EdgePoint launched two other schools in Malaysia located in Karak, Pahang and Miri, Sarawak. The CFC program includes ongoing digital literacy initiatives, delivered in partnership with local teachers and NGOs, to ensure students can maximise their learning and navigate the digital future confidently. To date, the program has impacted over 7,800 students in Malaysia, Indonesia and the Philippines with significant improvement in attendance and exam scores recorded among these students. Our in-house assessments have shown that students in Malaysia have recorded an 85% improvement in digital skills. EdgePoint aims to expand the program to a total of 23 schools by the end of 2025, reaffirming its commitment to supporting digital inclusion and literacy in underserved communities across ASEAN. ABOUT EDGEPOINT INFRASTRUCTUREEdgePoint Infrastructure is an ASEAN based independent telecommunications infrastructure company that aspires towards Building a Connected, Digital ASEAN. Headquartered in Singapore with operations in Malaysia, Indonesia and the Philippines, through EdgePoint Towers Sdn Bhd, PT Centratama Telekomunikasi Indonesia, Tbk and EdgePoints Towers Inc. respectively, the company is focused on providing sharable and leading-edge telecom structures, small cells and in-building systems. EdgePoint aims to be an industry leader through scale and innovation, driving operational efficiencies through the adoption of analytics and digital technologies. ABOUT DEMANLINK CONNEXION SDN. BHD.Demanlink is an independent Sarawakian telecommunications infrastructure company focusing on providing sharable and future-ready telecommunications solutions in Sarawak. Demanlink aims to be a key player in Sarawak’s growth journey through achieving its digital goals and ensuring digital equity throughout the state, in partnership with investor(s) such as EdgePoint Infrastructure.For more information on EdgePoint, please visit https://edgepointinfra.com/ Issued on behalf of EdgePoint Infrastructure by Narro Communications Sdn BhdFor media inquiries, please contact:Annushia BalavijendranCommunications, EdgePoint InfrastructureEmail: annushia@edgepointinfra.comTimothy GunapalanNarro CommunicationsEmail: timothy@narrocomms.com Copyright 2025 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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PCG Launches AbbyPay, a POS-Free Digital Payment Solution

PCG Launches AbbyPay, a POS-Free Digital Payment Solution

HONG KONG, Sep 3, 2025 - (ACN Newswire via SeaPRwire.com) - Driven by rapid digital technology development and the mega event economy, digital payments have become the mainstream payment method in Hong Kong and Mainland China. According to the Digital 2025: Hong Kong report1, Hong Kong had 5.78 million digital payment users in 2024, a year-on-year increase of 14.0%. Among them, 37.1% of users made mobile payments each month. Furthermore, 45% of consumer goods e-commerce purchases were made via mobile phones, reflecting strong demand for mobile payments.The Payment Cards Group Limited (“PCG”), a cloud-native payment processor and acquirer rooted in Hong Kong, participated in “The Best of the Best Masterchef Recommendation Restaurant (BOBM) 2025” awards organized by the Asia Art of Cuisine Society (AOC) on September 2, 2025. The event not only honored excellence across Hong Kong, Macau, and Mainland China’s food and beverage (“F&B") industries but also served as a key platform for exploring future development trends in F&B and related sectors.At the event, PCG officially launched “AbbyPay,” a POS-free digital payment solution. Designed to tackle current industry pain points, “AbbyPay” speeds up transaction processing and reduces operational costs for F&B and retail sectors, while helping merchants tap into new opportunities presented by the mega event economy. It also provides flexible, secure, and efficient payment support to Mainland F&B brands, facilitating rapid market entry into Hong Kong.PCG launches “AbbyPay,” a POS-free digital payment solution, at “The Best of the Best Masterchef Recommendation Restaurant (BOBM) 2025” awardsPCG team and Johnny Lai, Chairman of the Asia Art of Cuisine Society are pictured together“AbbyPay,” a next-generation POS-free payment solution enabling seamless payments anytime, anywherePowered by PCG, the “AbbyPay” SoftPOS app transforms any NFC-enabled Android smartphone (with iOS version on the roadmap) into a payment device, eliminating the high investment, complex operation, and maintenance costs of traditional POS terminals. Traditional POS terminals require an upfront fee of HK$1,000 to HK$2,000 each in Hong Kong, with some companies charging rental fees. SoftPOS allows existing NFC-enabled smartphones or tablets to process payments, thereby nearly eliminating such costs. This solution provides cost savings for Hong Kong merchants, particularly small and micro businesses like taxis, street market sellers, and delivery services. With no additional hardware required and virtually zero setup fees, merchants simply pay transaction fees, greatly easing their digital transformation journey. With just a smartphone, merchants can accept payments flexibly in various scenarios including restaurants, shops, markets, exhibitions, pop-up stores, transportation, and logistics—enabling low-cost payment experiences anytime, anywhere.Building three competitive advantages and elevating payment experienceBeyond its convenient and ready-to-use features, “AbbyPay” boasts three competitive advantages. First, powered by PCG’s cloud processor, it offers stable, powerful performance meeting the needs of large enterprises and small and medium-sized enterprises (SMEs) alike, providing efficient, flexible payment solutions. In F&B, waiter can collect payments at tables to enhance service efficiency and customer experience; in retail, salesperson can accept payments at the shop floor to reduce queues; at exhibitions or pop-up stores, the instant launch of the app enables rapid transactions; in transportation, drivers can collect fares directly on phones, freeing up POS terminal space; in logistics, delivery staff can collect cash on delivery; even in insurance, agents can use tablets to collect premiums, avoiding entry of sensitive card information. These applications boost business efficiency and create smoother payment experiences for consumers. Additionally, SoftPOS centralizes transaction management and leverages real-time backend data and automated financial reports to save significant labor and administrative costs, helping merchants optimize workforce allocation and reduce administrative expenses.Second, “AbbyPay” supports major payment methods including VISA, Mastercard, FPS, Alipay, WeChat Pay, Apple Pay, and Google Pay. Upon transaction completion, it instantly generates a QR code for customers to scan and download the electronic receipt, fostering a cashless and paperless society and promoting green and sustainable operation.Third, “AbbyPay” holds security certifications such as PCI DSS Level 1 and CPoC standards. It uses end-to-end data encryption, tokenization, and dynamic keys to provide security on par with traditional POS terminals. Moreover, it offers ready-to-use, secure payment solutions for SMEs without requiring dedicated IT resources or additional hardware, safeguarding cardholder information and reducing fraud risks to ensure secure payments for both consumers and merchants.Raymond Yiu, General Manager of PCG, said, “Despite significant operating pressures in Hong Kong industries, especially F&B and retail, challenges bring new opportunities. In particular, the mega event economy has created strong demand for flexible payment solutions. ‘AbbyPay’ delivers a range of benefits such as cost efficiency, environmental friendliness, secure transactions, ease of operation, and data privacy, enabling local F&B and retail businesses to accelerate digital transformation at lower cost while enhancing customer experience. Meanwhile, as more Mainland F&B brands enter Hong Kong, ‘AbbyPay’ offers rapid and secure payment support to facilitate their smooth market integration. We hope this innovative solution will accelerate digital transformation across industries and contribute to sustainable economic and environmental development in Hong Kong.”Exclusive offers to open a new chapter in mobile paymentsIn appreciation of the continued support from Yedpay and BBMSL users, new and existing merchants are invited to call the customer service hotlines (Yedpay: 3905 2568 / BBMSL: 3907 0308) to pre-register for complimentary priority access to “AbbyPay” upon its launch, enjoying POS-free payment acceptance anytime, anywhere. Furthermore, to support Hong Kong’s digital payment development, “AbbyPay” offers all merchants exclusive fee waivers, no annual fees or account setup fees, making it easier for merchants to adopt smart mobile payments.“AbbyPay” offers all merchants exclusive fee waivers, no annual fees or account setup fees, making it easier for merchants to adopt smart mobile paymentsRemark:1.The Digital 2025: Hong Kong report: https://datareportal.com/reports/digital-2025-hong-kongAbout Payment Cards Group (“PCG”)The Payment Cards Group Limited (“PCG”) is an innovative and leading payment technology company with operations in Hong Kong, Singapore, and the Asia-Pacific region. Established in 2016, PCG has become an acquirer with principal memberships in all major card schemes and e-wallet networks. Yedpay, a member of PCG, has firmly established itself as a digital payment acceptance business in Hong Kong. Meanwhile, A3A, another member of PCG, has developed a cloud-native payment processing platform that operates through RESTful APIs, significantly reducing costs and streamlining complex processes while providing users with real-time transaction data and insights. Furthermore, BBMSL, a core member of PCG, is a payment facilitator, dedicated to offering comprehensive digital payment solutions to Hong Kong’s small and medium-sized enterprises. As an acquiring processor, PCG serves as the backbone infrastructure of the entire payment industry by its Asia’s 1st cloud-based processing and settlement platform. Rooted in Hong Kong with a global vison, PCG seeks to empower merchants with cutting-edge payment technology solutions and drive high-quality development in the global payment ecosystem.For media enquiries, please contact:AJA (IR and Communications)Avy YuTel: (852) 9500 4443Email: avy.yu@ajacapital.com.hk / info@ajacapital.com.hk Copyright 2025 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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CENTRESTAGE ELITES unveils Guo Pei’s Hong Kong solo couture debut, Star-studded runway show highlights 30+ unique creations

CENTRESTAGE ELITES unveils Guo Pei’s Hong Kong solo couture debut, Star-studded runway show highlights 30+ unique creations

HONG KONG, Sep 2, 2025 - (ACN Newswire via SeaPRwire.com) - Organised by the Hong Kong Trade Development Council (HKTDC) and sponsored by the Cultural and Creative Industries Development Agency (CCIDA) of the Government of the Hong Kong Special Administrative Region (HKSAR), CENTRESTAGE – the annual gala event for the Asian fashion industry – takes place from 3 to 6 September 2025 at the Hong Kong Convention and Exhibition Centre. The prestigious opening event, CENTRESTAGE ELITES, took place last night at M+ in the West Kowloon Cultural District, with internationally acclaimed couturier Guo Pei presenting a stunning couture collection.The showcase at CENTRESTAGE ELITES marked the designer’s first solo couture show in Hong Kong. She presented more than 30 one-of-a-kind couture creations under the theme "Gilternity: An Everlasting Radiance” that drew inspiration from the dazzling, fleeting moment of flowing molten gold. Fusing traditional craftsmanship with modern art, the collection epitomises her unparalleled artistry and technical mastery. Guo Pei worked with students and researchers from Hong Kong Polytechnic University to collaborate on the opening piece for the show. It incorporated a unique luminous fabric, representing a breakthrough in the fusion of art and technology and highlighting a spirit of heritage and innovation in fashion design.Among the distinguished guests joining CENTRESTAGE ELITES were government officials, including Rosanna Law, Secretary for Culture, Sports and Tourism of the HKSAR Government. Celebrities, industry icons and fashion aficionados including Myolie Wu, Ayla Sham, Louise Wong, Ali Lee, Kathy Chow, Ashley Lin, Tiffany Lau and Elva Ni added a sprinkle of stardust to the event.Top models Qi Qi and Cissy Wang also made an appearance to show their support, with leading model Ella Yam showcasing Guo Pei's latest designs.Celebrating its 10th anniversary edition, CENTRESTAGE opens tomorrow (3 September) and sees a record participation of over 260 brands from 25 countries and regions. The UK is participating for the first time as Partner Country of the event, showcasing unique creations from various British designers. The four-day fashion spectacle is open to industry professionals and the public free of charge. The programme features more than 40 events, including around 30 fashion shows and parades, welcoming visitors from Hong Kong, Mainland China and overseas to experience the charm and creativity of Asia’s fashion capital. On Thursday, 4 September, Guo Pei will appear in person for a master sharing session, offering rare in-person insights into her creative journey and design philosophy.To ensure the event could be widely enjoyed, CENTRESTAGE ELITES was livestreamed across various official websites and online platforms. Fashion enthusiasts around the world can revisit the spectacular show on the following platforms:- CENTRESTAGE official website: https://www.hktdc.com/event/centrestage/en/livestream- CENTRESTAGE Instagram: https://www.instagram.com/centrestage_hktdc- HKTDC exhibition channel Facebook page: https://www.facebook.com/share/v/1AAMjms6eB/'mibextid=wwXIfr- HKTDC YouTube channel: https://www.youtube.com/live/dsECvOgiYNE'si=0OLm1S_9hXhjLiYIPhoto download: http://bit.ly/3HOnszlGuo Pei’s inaugural solo couture show in Hong Kong showcased a collection under the theme "Gilternity: An Everlasting Radiance".Joining the glittering spectacle at CENTRESTAGE ELITES were Rosanna Law, Secretary for Culture, Sports and Tourism of the HKSAR Government (seventh left); Prof Frederick Ma, Chairman of the HKTDC (seventh right); acclaimed fashion designer Guo Pei (sixth left); Andrew Leung, President of the Legislative Council (sixth right); Margaret Fong, Executive Director of the HKTDC (fifth left); Katherine Fang, Chairman of the HKTDC Garment Advisory Committee (fifth right); Vivian Sum, Permanent Secretary for Culture, Sports and Tourism of the HKSAR Government (fourth left); Dr Peter K N Lam, Council Member of the HKTDC (fourth right); Dr Lo Kam Wing, Council Member of the HKTDC (third left); Lowell Cho, Acting Commissioner for Cultural and Creative Industries of the HKSAR Government (second left); Sophia Chong, Deputy Executive Director of the HKTDC (second right); and Shirley Chan, Council Member of the HKTDC and other guests.Celebrities at CENTRESTAGE ELITESMyolie WuAyla ShamLouise WongAli LeeKathy ChowAshley LinTiffany LauElva NiGuo Pei’s couture collection under the theme "Gilternity: An Everlasting Radiance"Ella Yam- wearing collection under the theme “Gilternity: An Everlasting Radiance”The opening look – a special collaboration between Guo Pei and PolyU students and researchersFinale piece- worn by international supermodel Lauren de GraafWebsites- CENTRESTAGE: www.centrestage.com.hk- CENTRESTAGE buyer online registration: https://bit.ly/4m8mv33- CENTRESTAGE Instagram: https://www.instagram.com/centrestage_hktdc/'hl=en- Fashion Hong Kong: https://www.fashionhongkong.com.hk/en- Hong Kong Young Fashion Designers' Contest (YDC): www.fashionally.comMedia enquiriesBest Crew Public Relations & MarketingDiana Tang Tel: (852) 3594 6443 Email: diana.tang@bestcrewpr.comReni Kwok Tel: (852) 3594 6443 Email: reni.kwok@bestcrewpr.comHKTDC’s Communications and Public Affairs Department:Sharon Ha Tel: (852) 2584 4575 Email: sharon.mt.ha@hktdc.orgKaty Wong Tel: (852) 2584 4524 Email: katy.ky.wong@hktdc.orgHKTDC Newsroom: http://mediaroom.hktdc.com/enAbout the HKTDCThe Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With over 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. About Cultural and Creative Industries Development Agency (CCIDA)The Cultural and Creative Industries Development Agency (CCIDA) established in June 2024, formerly known as Create Hong Kong (CreateHK), is a dedicated office set up by the Government of the Hong Kong Special Administrative Region (HKSAR Government) under the Culture, Sports and Tourism Bureau to provide one-stop services and support to the cultural and creative industries with a mission to foster a conducive environment in Hong Kong to facilitate the development of arts, culture and creative sectors as industries. Its strategic foci are nurturing talent and facilitating start-ups, exploring markets, promoting cross-sectoral and cross-genre collaboration, promoting the development of arts, culture and creative sectors as industries under the industry-oriented principle, and promoting Hong Kong as Asia’s creative capital and fostering a creative atmosphere in the community to implement Hong Kong’s positioning as the East-meets-West centre for international cultural exchange under the National 14th Five-Year Plan. CCIDA’s website: www.ccidahk.gov.hk. Copyright 2025 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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Shoucheng Moves Upstream: Materials Cement Robotics Ecosystem

Shoucheng Moves Upstream: Materials Cement Robotics Ecosystem

HONG KONG, Sep 2, 2025 - (ACN Newswire via SeaPRwire.com) - In the first half of 2025, Shoucheng Holdings reported revenue of HK$731 million, up 36% year-on-year, and attributable net profit of HK$339 million, up 30% year-on-year. Revenue from its capital recycling segment surged 69% year-on-year, highlighting the effectiveness of its “Asset Operation + Capital Recycling” dual-engine strategy.The robotics sector has become the company’s strategic core. Shoucheng has invested in leading enterprises such as Unitree Robotics, Galbot, and the Beijing Humanoid Robotics Innovation Center, covering humanoid, industrial, and medical robotics. Through its “Capital + Scenario” approach, the company is driving commercialization in areas such as NEV production line upgrades and smart charging station operations.At the interim results roadshow, Kang Yu, General Manager of the Board Office, stated: “The robotics industry has moved from technological breakthroughs to scenario-based commercialization, but large-scale mass production still requires resolving bottlenecks in upstream materials.” To address this, the company simultaneously announced the establishment of Shoucheng Robotics Advanced Materials Industrial Co., Ltd., a wholly-owned subsidiary focusing on key materials such as electronic skin, tendon cables, and lightweight PEEK. Kang emphasized that this initiative will complement investments in systems and applications, truly unlocking the “Upstream Materials — Midstream Systems — Downstream Applications” full value chain.On the financial side, Shoucheng maintains cash reserves exceeding HK$8 billion, with an interest-bearing debt ratio of just 7.9%, and has secured an AAA credit rating for three consecutive years, providing a solid financial safety buffer. For FY2025, the company plans total dividends of HK$1.159 billion, with a dividend yield of nearly 8%, alongside over 40 million shares repurchased year-to-date—demonstrating management’s strong confidence in long-term value.Strategically, the company is transitioning from a traditional infrastructure operator to a technology-driven new infrastructure platform. Parking and REITs businesses provide stable cash flow, while robotics has become its key growth engine. Downstream applications are already materializing: collaborating with IAT Automobile Technology on automated production lines; co-developing the Chengdu ICD automatic charging station with Wanxun Technology; deploying the Surgerii surgical robot at Peking University Shougang Hospital; and launching the “Shoucheng Robotics Experience Store” outside the Beijing National Speed Skating Oval (“Ice Ribbon”), which generated over RMB 30,000 in daily revenue. The company also plans to open its first “Robotics 4S Store” during the National Day holiday to bring robotics further into consumer markets.During the roadshow, Kang further highlighted that Shoucheng is the only listed company represented on Unitree Robotics’ board of directors, holding approximately 4% of the company through the Beijing Robotics Industry Development Fund. With Unitree’s IPO underway, Shoucheng’s assets are expected to undergo revaluation, further strengthening capital market expectations for its long-term growth.With the establishment of its advanced materials subsidiary, the continuous build-out of its full robotics ecosystem, and IPO progress among its portfolio companies, Shoucheng’s ecosystem synergies are rapidly unlocking, and its enterprise valuation is poised for a new round of re-rating.Posted by All Way Success Company Limited for Shoucheng Holdings www.shouchengholdings.com [HKSE:0697, FRA:SHVA, OTCPK:SHNHF] Copyright 2025 ACN Newswire via SeaPRwire.com.
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Watch & Clock Fair and Salon de TIME open today, Showcasing World-renowned timepieces and highlighting Hong Kong’s advantages as an international platform

Watch & Clock Fair and Salon de TIME open today, Showcasing World-renowned timepieces and highlighting Hong Kong’s advantages as an international platform

- The Hong Kong Watch & Clock Fair and Salon de TIME to be held from 2 to 6 September, attracting over 650 exhibitors from 15 countries and regions- The Watch & Clock Fair features eight major themed zones, covering a wide range of watch and clock products, providing buyers with a one-stop sourcing platform- Exhibitors will launch new products during the fairs, capitalising on market trends, and introducing items featuring Chinese cultural designs, crossover and products incorporating eco-friendly and innovative elements- Salon de TIME is once again open to both industry professionals and the public for free, offering an array of exciting activities, including luxury watch parades, new watch launches, lucky draws, and sessions for watch appreciation and tea art experiences, among othersHONG KONG, Sep 2, 2025 - (ACN Newswire via SeaPRwire.com) - The 44th HKTDC Hong Kong Watch & Clock Fair and the 13th Salon de TIME, jointly organised by the Hong Kong Trade Development Council (HKTDC), Hong Kong Watch Manufacturers Association Limited, and The Federation of Hong Kong Watch Trades & Industries Limited, open under the theme “Our Time Our Moments”.The two fairs have attracted over 650 exhibitors from 15 countries and regions, presenting a wide array of exquisitely crafted and distinctive watch and clock products. This year's exhibition features pavilions from Guangzhou, Taiwan, the Swiss Independent Watchmakers Pavilion (SIWP), and the French pavilion by Francéclat. It also welcomes the return of exhibitors from Germany, Japan, Lebanon and the Netherlands.The physical fairs will take place at the Hong Kong Convention and Exhibition Centre for five consecutive days, from 2 to 6 September. Meanwhile, the Click2Match AI-driven business matching platform is open until 13 September, allowing exhibitors and buyers to continue their negotiations online.Salon de TIME remains open to both industry professionals and the public for free. Some brands also provide on-site retail so the public can purchase directly.A comprehensive range of watch products and servicesAt the Hong Kong Watch & Clock Fair, there are eight specialised zones, providing a one-stop sourcing platform for global buyers. Among them, Pageant of Eternity showcases high-end finished watches produced through Original Equipment Manufacturing (OEM) and Original Design Manufacturing (ODM). Other zones include Complete Watches, Clocks, Machinery & Equipment, OEM Smart Watches, Packaging & Display, Parts, Components & Accessories, and Trade Services, covering a wide range of industry needs.Salon de TIME brings together over 140 global brands, marking a post-pandemic high. It features six themed zones, including this year's addition of the Microbrands, which showcases several unique niche brands offering high-value, creatively designed watches.The World Brand Piazza, now in its 15th year of collaboration with Prince Jewellery & Watch, remains a highlight of the fair especially for watch collectors. This year, it presents limited edition and prestige watches from nine major international brands: Baume & Mercier, Corum, Cvstos, DeWitt, Kerbedanz, Montblanc, Peonia Diamond, Sarcar, and Ulysse Nardin. Other zones include Renaissance Moment, Wearable Tech, Craft Treasure, and Chic & Trendy.This year, exhibitors are launching new products based on a close evaluation of current market trends. Some of the highlighted and innovative watches from the two fairs include:Watches with Chinese cultural elementsIn recent years, some watches have incorporated elements of traditional Chinese culture into their designs, earning recognition from international award bodies. This has drawn increased attention to domestic brands and watchmakers from Mainland China.- Ma Xushu, the first member from mainland China of the Académie Horlogère des Créateurs Indépendants (AHCI), along with fellow member Tan Zehua and independent watchmakers from mainland China, Qian Guobiao and Gong Xun, will showcase multiple watches that blend exquisite craftsmanship with Chinese cultural designs. (Booth: 3F-D03)- Shanghai Watch presents a timepiece that won the Gold Award at the 2025 MUSE Design Awards in the US, drawing inspiration from Shanghai's city flower, the white magnolia. The watch face features the traditional “Suzhou embroidery” technique, depicting upward-blooming magnolias. (Booth: 3F-D01)Introducing collaborative work to create synergySome watch brands are collaborating with popular film and anime IPs to launch joint series and limited-edition models. These collaborations aim to attract specific consumer groups and enhance brand visibility and influence.- During the fair, Zbioland and Harry Potter are unveiling the “Dynamic Snake” collaborative watch for the first time, a limited edition of 200 pieces. The titanium snake on the watch twists around the bezel when wound, and when fully wound, it can move for up to 45 seconds. (Booth: 3F-D03)- Local brand INFANTRY has collaborated with Super Dimension Fortress Macross to launch a watch series. Each watch comes with two sets of accessories, allowing anime enthusiasts to freely switch styles and showcase the fusion of anime spirit and watchmaking craftsmanship. (Booth: 3G-B16)Personalised and chic luxury designs attract young consumersIn recent years, the growing demand for unique designs and the desire to express personal style have led to the increasing popularity of niche watch brands. Some microbrands have captured the young consumer segment with their distinctive designs and affordable prices, such as eOne, Le Tandy, OVD, Sunrex and No Identity, all participating in this year's exhibition.The Swiss Independent Watchmakers Pavilion (SIWP) and the French pavilion Francéclat are also showcasing 19 uniquely designed, collectible European watch brands this year. In addition, the International Luxury Group (ILG) pavilion features 13 fashionable brands with diverse styles, including Cerruti 1881, Ducati Corse, Kenneth Cole, Police, Sandoz, Tsar Bomba and Timberland.- Swiss brand Sandoz has launched a sporty watch that combines mechanical and fashionable styles. The watch features a green skeleton dial that showcases the movement's operation and is equipped with luminous hands and silver hour markers for clear readability. (Booth: 3G-A08)- Point Tec, as one of Germany's largest-selling watch companies, is participating for the first time this year with three brands: Zeppelin, Bauhaus, and Ruhla. (3G-B13A)Recycled or sustainable materials meet environmental protection demandsThe market has increasingly valued environmental, social, and governance (ESG) based products. Some consumers have started to pay attention to the material sources, manufacturing locations, and production processes of watches, prompting some watch brands to switch to recycled or sustainable materials. To make it easier for buyers to purchase products that meet environmental standards, this year's exhibition continues to feature a Green Solutions Suppliers label to identify over 30 selected exhibitors showcasing sustainable watches, including:- German brand Lilienthal Berlin which follows the launch of the world's first watch with a case made from recycled coffee grounds last year, with a watch that features a dial made from recycled tea leaves, giving it a subtle tea fragrance. (Booth: 3F-D07)- Hong Kong brand Memorigin presents the Genesis Series (Ocean Blue) tourbillon watch, featuring a polished metal case paired with an eco-friendly strap jointly created with Austrian strap manufacturer Hirsch. The strap is made from ocean recycled yarn, making it both stylish and environmentally friendly. (Booth: 3F-C03)Smart trends bring new opportunities to the industryThe popularity of wearable smart devices has brought new opportunities to the watch industry. Many brands are actively developing features such as health monitoring, GPS, temperature measurement, and weather forecasting.- German brand Oskron has introduced a smartwatch that offers organ health scoring, health monitoring, personalised wellness guidance, and sub-health warnings. Drawing on data from 300,000 traditional Chinese medicine cases and advanced AI analysis, the watch enables users to gain a comprehensive understanding of their health status. (Booth: 3F-E03)- Exhibitor Longitude Limited (Hong Kong) presents the Fila's smartwatch, which helps wearers track calories burned during physical activities. (Booth: 1C-A02)Exciting activities welcome public participationSalon de TIME will offer a variety of special activities for the public, including a series of luxury watch parades and the launch of new watches. Several celebrities have been invited to the events, including Aka Chio, Michael Tong, and Kaman Kong, as well as Olympic karate medallists Grace Lau and Ariel Torres, and retired Hong Kong wheelchair badminton players Daniel Chan. In addition to bidding on special edition watches at an exclusive starting price through Smart Bidding, the public can participate in a lucky draw to win luxury watches.On the fourth day of the exhibition (5 September), Hong Kong metal engraving artist Carlos Koo will demonstrate the art of watch engraving. “Precision in Time, Peace in Tea” will take place on the fifth day (6 September), featuring watch collector Noel Wong and the President of the Hong Kong Association of Tea Tasting Masters and Sommeliers Limited, Stephen Cheung. They will offer a session that combines luxury watch appreciation and a tea art experience, allowing participants to enjoy the fusion of watchmaking craftsmanship and tea culture.Industry experts analyse development trendsThis year's Hong Kong Watch & Clock Fair has organised over 35 exciting activities, including seminars, forums, and networking events. Among these is the Hong Kong International Watch Forum, held today (2 September), featuring leaders from watch associations in Mainland China, Germany, France, Switzerland, Japan, and South Korea. They will share the latest trade data and industry trends from their regions and discuss global supply chain strategies.On the same day, the seminar Ancient Wisdom Meets Innovative Technology: Smart Wearables for Preventive Healthcare will feature medical experts from around the world. Speakers include Prof Hui Ka-kit, Director of the Center for East-West Medicine at UCLA, and Prof Zhang Qi-ming from the China Academy of Chinese Medical Sciences, among others. They will discuss how smart wearable devices can integrate with Eastern and Western medical concepts to monitor health.The Asian Watch Conference, taking place tomorrow (3 September) with the theme “Redefining Eternity: Trends, Values, and Visions in Watchmaking”, will feature a senior analyst from international market researcher Euromonitor International, who will discuss the latest developments in the watch market. Also speaking will be an independent watchmaker and chief representative from the SIWP, as well as a seasoned independent watch collector, member of the Academy of the Grand Prix d'Horlogerie de Genève (GPHG). They will share insights into the artistic concepts and philosophy behind independent watchmaking and microbrands.The exhibition will also feature renowned Chinese watchmakers and members of the AHCI, Ma Xushu and Tan Zehua. Along with Zhang Shusheng, a watch critic, collector, and the President of Macau Watch Association, they will explore the current state of development for Chinese independent watchmakers and the essence of independent watchmaking.Additionally, the HKTDC, the Federation of Hong Kong Watch Trades & Industries Limited, and the Hong Kong Watch Manufacturers Association Limited are organising the 42nd Hong Kong Watch & Clock Design Competition. It aims to promote exchanges in watch design and nurture local creative talent. The themes for this year are "Memorable" for the open group and "Believe in Yourself" for the student group. The competition continues to feature the Made-to-Sell Award, recognising student entries with significant market potential.Celebrity Bowie Cheung served as a guest judge and will attend the award ceremony. Winning and shortlisted entries will be displayed during the exhibition, with the award ceremony taking place on 6 September at the event stage.Scan2Match extends online connections with exhibitorsThe two fairs will continue to be held in the EXHIBITION+ hybrid model, with the AI-driven “Click2Match” business matching platform opening one week before the physical fairs, from 26 August to 13 September. This enables exhibitors to identify suitable buyers and conduct online meetings at their convenience.HKTDC also provides its Scan2Match offline-to-online service, allowing buyers to scan exhibitor QR codes at the fairs using the HKTDC Marketplace app. Buyers can also use the app to bookmark favourite exhibitors, browse product information and the interactive floor plan, make enquiries and chat online with exhibitors during and after the fair.CENTRESTAGE will be held from 3 to 6 September at the HKCEC bringing together fashion brands and designer collections from around the world. Attendees will have the opportunity to explore the latest products from approximately 400 watch and fashion brands.Photo download: http://bit.ly/4628nlJThe 44th HKTDC Hong Kong Watch & Clock Fair and the 13th Salon de TIME opened today. Guests at the opening ceremony included Maggie Wong (centre), HKSAR Permanent Secretary for Commerce and Economic Development; Margaret Fong (fourth right), HKTDC Executive Director; Ethan Cheung (first right) and Vincent Chan (first left), Co-chairmen of HKTDC Hong Kong Watch & Clock Fair 2025 Organising Committee; Gary Lau (fourth left), Chairmanship of the HKTDC Watches & Clocks Advisory Committee; Kan Lam (second right), Chairman of the Federation of Hong Kong Watch Trades & Industries Limited; Raymond Cheng (third right), Principal Honorary President of the Federation of Hong Kong Watch Trades & Industries Limited; Richard Leung (second left), President of the Hong Kong Watch Manufacturers Association Limited; Lawrence Chan (third left), Chief Honorary President of the Hong Kong Watch Manufacturers Association Limited, and various industry representativesThe Hong Kong Watch & Clock Fair showcases a wide variety of exquisitely crafted timepieces, accessories, and components, offering a one-stop sourcing and trading platform for global buyersSalon de TIME features over 140 international brands and comprises six major themed zones, all of which are open to the publicSponsored for the 15th consecutive year by Prince Jewellery & Watch, the World Brand Piazza showcases nine world-class watch brandsDuring the exhibition, multiple luxury watch launch events and watch parades are held, , providing an impressive visual experience for attendeesThe winning and shortlisted entries of the 42nd Hong Kong Watch and Clock Design Competition are currently on display in the foyer of Hall 1, showcasing local creative talentMedia enquiriesPlease contact the HKTDC’s Communications & Public Affairs Department:Johnny Tsui Tel: (852) 2584 4395 Email: johnny.cy.tsui@hktdc.orgWebsitesHong Kong Watch & Clock Fair: https://www.hktdc.com/event/hkwatchfair/enSalon de TIME: https://www.hktdc.com/event/te/enHKTDC Media Room: mediaroom.hktdc.comAbout HKTDCThe Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With over 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. Copyright 2025 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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Yuzhou Group Holdings Company Limited (01628.HK) Announced the Official Effectiveness of Offshore Debt Restructuring, Marking a Key Step Toward Steady Development

Yuzhou Group Holdings Company Limited (01628.HK) Announced the Official Effectiveness of Offshore Debt Restructuring, Marking a Key Step Toward Steady Development

HONG KONG, Sep 2, 2025 - (ACN Newswire via SeaPRwire.com) - On August 29, Yuzhou Group Holdings Company Limited (01628.HK) announced that its offshore debt management and restructuring efforts, which spanned over three years, have yielded decisive results. The offshore restructuring has officially taken effect, marking a key step in improving the Company’s liquidity and optimizing its financial structure, laying a solid foundation for future robust operations.Optimize Capital Structure, Enhance Financial Stability and Achieve Sustainable DevelopmentAfter multiple rounds of negotiations, the final arrangement encompassed 15 senior notes, one perpetual bond, four secured notes, one syndicated loan, and one bilateral loan. As consideration for the restructuring, Yuzhou Group issued new bonds with an optimized structure, including short-term, medium-term, and long-term bonds. This arrangement significantly reduced financing costs, lowered the Group’s outstanding offshore debt, alleviated financial pressure, optimized its capital structure, and enhanced financial soundness and sustainability.Gain Support from Shareholders and the Market, Consolidate the Interests of all Parties, and Work Together to Move ForwardAs a key component of the plan, certain creditors will receive 5,645 million newly issued shares, representing approximately 37.94% of Yuzhou Group’s issued shares after the restructuring. This further solidified the shared interests of creditors and the Company. In addition, Yuzhou Group raised nearly HK$100 million through a rights issue to cover restructuring-related expenses and replenish working capital. The arrangement not only set a market precedent but also garnered a positive response from minority shareholders, reflecting strong recognition and confidence from shareholders and the market in both the rationale of the plan and the Group’s future development prospects.The core objective of this restructuring plan was to adjust the scale of Yuzhou Group’s offshore debt to a reasonable level, restore the soundness and sustainability of the capital structure, and ensure the continued operation and healthy development of the business. At the same time, the plan aims to ease liquidity pressure, align the new repayment schedule with the operating environment of China’s real estate industry and the Group, and ensure the fair treatment and protection of all stakeholders’ rights, striving to maximize overall value.Respond to Policy Calls, Fulfill Social Responsibilities, and Consolidate Corporate ValueFollowing the completion of the restructuring, Yuzhou Group will continue to respond to policy initiatives, fulfill its commitment to “guaranteeing housing delivery”, strengthen cash flow management, enhance internal revenue generation capabilities, and ensure stable business operations. Structural deleveraging measures are expected to help the Group achieve a long-term sustainable capital structure and reduce overall operational risks. The Company will steadily enhance its operating capacity and remain focused on creating value for all stakeholders.Industry observers note that the completion of the restructuring not only relieves near-term financial pressure but also represents an important step for Yuzhou Group in pursuing long-term stability and growth amid the ongoing adjustment of China’s real estate sector. Copyright 2025 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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Black Spade suggests greater focus on digital assets in family offices asset allocations

Black Spade suggests greater focus on digital assets in family offices asset allocations

HONG KONG, Sep 1, 2025 - (ACN Newswire via SeaPRwire.com) - Black Spade Capital Limited (“Black Spade”) recently held a private meeting with Ark Invest.Mr. Dennis Tam, President and CEO of Black Spade, met with Ms. Catherine Wood, CEO and CIO of Ark Invest, to discuss key trends in AI, robotics, blockchain applications, energy storage, and cellular sequencing. Ms. Wood expressed optimism about AI and robotics, noting these technologies will not just displace jobs but also create new opportunities. She highlighted the potential of blockchain and space exploration, emphasizing that the world is advancing toward a more innovative and interconnected future. Mr. Tam advised family offices to focus on digital assets, AI, and robotics-focused funds, stocks, and ETFs, as these sectors are set to drive global economic growth. He explained that industries integrating these innovations will see significant productivity gains, boosting competitiveness in a fast-paced market. He encouraged family offices to adjust their asset allocations based on risk tolerance and invest in these emerging fields to support development and pursue higher returns. Ms. Wood predicted strong growth in cryptocurrencies, forecasting Bitcoin could reach USD 1.5 million and Ethereum USD 166,000 around 2030. She expressed confidence in the long-term potential of digital assets. Mr. Tam added that digital assets are becoming a mainstream asset class, with growing adoption by banks and government institutions creating strong momentum. In summary, Black Spade Capital urges family offices to act swiftly by investing in funds, stocks, and ETFs linked to AI, robotics, and digital assets. These sectors will drive economic and technological development, improve efficiency in traditional industries, and offer significant returns, positioning investors at the forefront of the next technological revolution.Photo caption:From the left: Mr. Dennis Tam, President and CEO of Black Spade and Ms. Catherine Wood, CEO and CIO of Ark InvestAbout Black Spade Capital LimitedBlack Spade Capital Limited is an established family office that manages the private investments of Mr. Lawrence Ho. Headquartered in Hong Kong, its global portfolio consists of a wide spectrum of cross-border investments as it consistently seeks to add new projects and opportunities to its investment mix. Black Spade’s investment strategy maximizes coverage of geographic regions and sectors whilst maintaining a portfolio of diversified asset classes, ranging from equity, fixed income, medical technology, leisure and culture, green energy, real estate to Pre-IPO investments. In August 2023, Black Spade Acquisition Co, a blank check company (SPAC) sponsored by Black Spade, completed a US$23 billion business combination with VinFast Auto Ltd. In 2024, Black Spade listed its second SPAC, Black Spade Acquisition II Co, which completed a business combination with global media and entertainment powerhouse The Generation Essentials Group in about 9 months in June 2025.Media Enquiries:Strategic Financial Relations Limited Vicky LeeTel: +852 2864 4834Email: vicky.lee@sprg.com.hkIris Au YeungTel: +852 2114 4913Email: iris.auyeung@sprg.com.hkWebsite: www.sprg.com.hk Copyright 2025 ACN Newswire via SeaPRwire.com.
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Haitian Flavouring Interim Results Shine: All-encompassing Culinary Solutions Drive Sustainable Growth

HONG KONG, Sep 2, 2025 - (ACN Newswire via SeaPRwire.com) - Foshan Haitian Flavouring and Food Company Ltd., (3288.HK, 603288.SH) a leading player in the condiment industry, has consistently deepened its expertise in the sector while continuously exploring all-encompassing culinary solutions. The company delivered solid interim results with both revenue and profit showing growth, further consolidating its leading position in the market.Highlights:- Revenue reached RMB15.23 billion in the first half of the year, up 7.6% year-on-year- Net profit reached RMB3.91 billion, up 13.3% year-on-year- The exploration of all-encompassing culinary solutions injected strong momentum for future growthDespite a sluggish consumer market and ongoing pressure on retail in mainland China in recent years, coupled with intensified competition and evolving consumer demands in the condiment industry, Foshan Haitian Flavouring and Food Company Ltd. (3288.HK, 603288.SH), a leading Chinese condiment producer listed in Hong Kong this year, has delivered a robust set of interim results. The company reported an increase of 7.6% in revenue to RMB15.23 billion, while net profit attributable to owners of the listed company rose 13.3% to RMB3.91 billion, demonstrating its resilience and steady growth. Supported by the strong operating performance, the company has declared an interim dividend of RMB2.6 per 10 shares held to reward its shareholders.Specifically, all four of Haitian Flavouring’s core business segments reported growth: Revenue from soy sauce products increased by 9.1% year-on-year to RMB7.93 billion; revenue from oyster sauce products reached RMB2.5 billion, up 7.7% year-on-year; revenue from seasoning sauce products rose 12% year-on-year to RMB1.63 billion; revenue from specialty condiments and other products recorded a significant increase of 16.7% to RMB2.51 billion. Haitian’s strong performance amid market headwinds can be attributed to its multi-dimensional competitive strengths and the strengthening of its brand moat.A Century of Accumulation Builds a Robust Brand MoatHaitian Favouring is a century-old Chinese condiment brand with origins tracing back to ancient soy sauce factories in Foshan during the Wanli period of the Ming Dynasty — a history spanning over 400 years. The company established the Haitian Seasoning Factory in 1955, listed on the Shanghai Stock Exchange in 2014, and expanded to the Hong Kong Stock Exchange in 2025, embarking on a new chapter with dual capital platforms in both A-share and H-share markets.After years of development, Haitian has solidified its leading position in the mainland condiment market. It has been the largest condiment company in China for 28 consecutive years in terms of sales volume. The soy sauce and oyster sauce products consistently hold the number one positions, while flavored sauce, vinegar, and cooking wine products achieved leading market positions in China. The brand is deeply rooted in the hearts of consumers and has become a household name in China. This long-term accumulation has built a robust brand moat for the company.Of course, Haitian’s sustained industry leadership is closely tied to its continuous investment in technology, ensuring consistently high product quality. In 2024, the company invested RMB840 million in R&D, with a cumulative investment of over RMB5,900 million in the past decade. Haitian now holds more than 1,000 authorized patents. Earlier this year, it was recognized as a “Lighthouse Factory” by the World Economic Forum (WEF) for five globally leading intelligent brewing technologies, becoming the world’s first soy sauce brewing manufacturer to receive this designation. These achievements not only guarantee the quality and safety of Haitian’s products but also enhance their market competitiveness, providing solid technical support for the company’s ongoing exploration of all-encompassing culinary solutions.Proactively Developing New Flavors and Advancing All-encompassing Culinary Solutions to Cater to Consumption UpgradingWhile consolidating its core product categories, Haitian has adhered to its strategic positioning of "all-encompassing culinary solutions", accurately capturing domestic market opportunities and actively developing specialty condiments. The company has launched products such as salad dressing, spicy liquid seasoning, chicken essence and chicken broth, etc., aiming to provide comprehensive product offerings for all kitchen and dining table seasoning needs. This effort continues to enhance its influence in the seasoning segment, diversify revenue streams, and drive sustainable growth.In terms of vinegar products, Haitian has innovatively developed rice vinegar categories such as white rice vinegar, black rice vinegar and fresh rice vinegar, as well as specialty vinegars such as apple cider vinegar and glutinous rice sweet vinegar, and actively laid out in niche segments like organic vinegar. In terms of cooking wine products, Haitian has introduced products like Haday Old Technique Cooking Wine, Haday Old Technique Cooking Wine with Ginger and Scallion, etc., forming a multi-tiered portfolio that includes the basic series, the organic series and the time-honored series to enrich consumer choice.In response to consumer demand for green, healthy, and diverse multi-scenario options, Haitian has actively developed specialty condiments. In the first half of 2025, the company launched products aligned with health and nutrition trends, such as organic, light-salt, and gluten-free series. It also introduced "dishes with just one sauce (一æ±'æˆ'è'œ)" product lines including salad dressings, seafood dipping sauces, and sour and spicy salad dressing, continually meeting consumers’ pursuit of convenience while enhancing its influence in the seasoning segment.Building a Premium Supply Chain System to Reinforce Competitive MoatBuilding on its scale advantages, Haitian has continuously strengthened its supply chain management, focusing on “quality, efficiency, and cost” to build a premium supply chain system that further consolidates its industry leadership.In supply chain operations, Haitian adheres to the philosophy of “good ingredients produce good products” by strictly controlling raw material quality. Leveraging digital tools to drive the digital transformation of its supply chain, optimize resource allocation, and enhance flexible production capabilities. Its Gaoming Factory has become an industry benchmark, recognized for its advanced intelligent manufacturing and highly efficient operational model. By integrating intelligent technologies and operational excellence, Haitian ensures consistent product quality while achieving efficiency and cost advantages, enabling it to provide users with high-quality and cost-effective products.Furthermore, Haitian actively promotes green development across the entire industry chain. In July of this year, as a core “chain leader” enterprise, the company initiated the industry’s first all-chain carbon reduction alliance— advancing the establishment of a green supply chain ecosystem and leading the low-carbon transition in the condiment industry.Current Price Offers Value OpportunityIn summary, Haitian has a solid operational foundation and remains committed to strengthening its core businesses. Its premium supply chain system further amplifies economies of scale, creating competitive barriers in both quality and efficiency, thereby enhancing overall competitiveness.At the same time, guided by a user-centric philosophy, the company continues to enrich its product portfolio and develop all-encompassing culinary solutions, opening up new growth opportunities. Furthermore, its listing in Hong Kong will help advance its global expansion strategy. As an industry leader with revenue and profitability far exceeding industry averages, Haitian still possesses room for valuation expansion. With the gradual realization of the advantages brought by its dual capital platform structure (“A + H”), the company’s future growth potential remains promising. Copyright 2025 ACN Newswire via SeaPRwire.com.
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Shoucheng Moves Upstream: Materials Cement Robotics Ecosystem

Shoucheng Moves Upstream: Materials Cement Robotics Ecosystem

HONG KONG, Sep 2, 2025 - (ACN Newswire via SeaPRwire.com) - In the first half of 2025, Shoucheng Holdings reported revenue of HK$731 million, up 36% year-on-year, and attributable net profit of HK$339 million, up 30% year-on-year. Revenue from its capital recycling segment surged 69% year-on-year, highlighting the effectiveness of its “Asset Operation + Capital Recycling” dual-engine strategy.The robotics sector has become the company’s strategic core. Shoucheng has invested in leading enterprises such as Unitree Robotics, Galbot, and the Beijing Humanoid Robotics Innovation Center, covering humanoid, industrial, and medical robotics. Through its “Capital + Scenario” approach, the company is driving commercialization in areas such as NEV production line upgrades and smart charging station operations.At the interim results roadshow, Kang Yu, General Manager of the Board Office, stated: “The robotics industry has moved from technological breakthroughs to scenario-based commercialization, but large-scale mass production still requires resolving bottlenecks in upstream materials.” To address this, the company simultaneously announced the establishment of Shoucheng Robotics Advanced Materials Industrial Co., Ltd., a wholly-owned subsidiary focusing on key materials such as electronic skin, tendon cables, and lightweight PEEK. Kang emphasized that this initiative will complement investments in systems and applications, truly unlocking the “Upstream Materials — Midstream Systems — Downstream Applications” full value chain.On the financial side, Shoucheng maintains cash reserves exceeding HK$8 billion, with an interest-bearing debt ratio of just 7.9%, and has secured an AAA credit rating for three consecutive years, providing a solid financial safety buffer. For FY2025, the company plans total dividends of HK$1.159 billion, with a dividend yield of nearly 8%, alongside over 40 million shares repurchased year-to-date—demonstrating management’s strong confidence in long-term value.Strategically, the company is transitioning from a traditional infrastructure operator to a technology-driven new infrastructure platform. Parking and REITs businesses provide stable cash flow, while robotics has become its key growth engine. Downstream applications are already materializing: collaborating with IAT Automobile Technology on automated production lines; co-developing the Chengdu ICD automatic charging station with Wanxun Technology; deploying the Surgerii surgical robot at Peking University Shougang Hospital; and launching the “Shoucheng Robotics Experience Store” outside the Beijing National Speed Skating Oval (“Ice Ribbon”), which generated over RMB 30,000 in daily revenue. The company also plans to open its first “Robotics 4S Store” during the National Day holiday to bring robotics further into consumer markets.During the roadshow, Kang further highlighted that Shoucheng is the only listed company represented on Unitree Robotics’ board of directors, holding approximately 4% of the company through the Beijing Robotics Industry Development Fund. With Unitree’s IPO underway, Shoucheng’s assets are expected to undergo revaluation, further strengthening capital market expectations for its long-term growth.With the establishment of its advanced materials subsidiary, the continuous build-out of its full robotics ecosystem, and IPO progress among its portfolio companies, Shoucheng’s ecosystem synergies are rapidly unlocking, and its enterprise valuation is poised for a new round of re-rating.Posted by All Way Success Company Limited for Shoucheng Holdings www.shouchengholdings.com [HKSE:0697, FRA:SHVA, OTCPK:SHNHF] Copyright 2025 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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Black Spade suggests greater focus on digital assets in family offices asset allocations

Black Spade suggests greater focus on digital assets in family offices asset allocations

HONG KONG, Sep 1, 2025 - (ACN Newswire via SeaPRwire.com) - Black Spade Capital Limited (“Black Spade”) recently held a private meeting with Ark Invest.Mr. Dennis Tam, President and CEO of Black Spade, met with Ms. Catherine Wood, CEO and CIO of Ark Invest, to discuss key trends in AI, robotics, blockchain applications, energy storage, and cellular sequencing. Ms. Wood expressed optimism about AI and robotics, noting these technologies will not just displace jobs but also create new opportunities. She highlighted the potential of blockchain and space exploration, emphasizing that the world is advancing toward a more innovative and interconnected future. Mr. Tam advised family offices to focus on digital assets, AI, and robotics-focused funds, stocks, and ETFs, as these sectors are set to drive global economic growth. He explained that industries integrating these innovations will see significant productivity gains, boosting competitiveness in a fast-paced market. He encouraged family offices to adjust their asset allocations based on risk tolerance and invest in these emerging fields to support development and pursue higher returns. Ms. Wood predicted strong growth in cryptocurrencies, forecasting Bitcoin could reach USD 1.5 million and Ethereum USD 166,000 around 2030. She expressed confidence in the long-term potential of digital assets. Mr. Tam added that digital assets are becoming a mainstream asset class, with growing adoption by banks and government institutions creating strong momentum. In summary, Black Spade Capital urges family offices to act swiftly by investing in funds, stocks, and ETFs linked to AI, robotics, and digital assets. These sectors will drive economic and technological development, improve efficiency in traditional industries, and offer significant returns, positioning investors at the forefront of the next technological revolution.Photo caption:From the left: Mr. Dennis Tam, President and CEO of Black Spade and Ms. Catherine Wood, CEO and CIO of Ark InvestAbout Black Spade Capital LimitedBlack Spade Capital Limited is an established family office that manages the private investments of Mr. Lawrence Ho. Headquartered in Hong Kong, its global portfolio consists of a wide spectrum of cross-border investments as it consistently seeks to add new projects and opportunities to its investment mix. Black Spade’s investment strategy maximizes coverage of geographic regions and sectors whilst maintaining a portfolio of diversified asset classes, ranging from equity, fixed income, medical technology, leisure and culture, green energy, real estate to Pre-IPO investments. In August 2023, Black Spade Acquisition Co, a blank check company (SPAC) sponsored by Black Spade, completed a US$23 billion business combination with VinFast Auto Ltd. In 2024, Black Spade listed its second SPAC, Black Spade Acquisition II Co, which completed a business combination with global media and entertainment powerhouse The Generation Essentials Group in about 9 months in June 2025.Media Enquiries:Strategic Financial Relations Limited Vicky LeeTel: +852 2864 4834Email: vicky.lee@sprg.com.hkIris Au YeungTel: +852 2114 4913Email: iris.auyeung@sprg.com.hkWebsite: www.sprg.com.hk Copyright 2025 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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Frost & Sullivan Hosts the 19th Global Growth, Innovation and Leadership Summit in Shanghai

Frost & Sullivan Hosts the 19th Global Growth, Innovation and Leadership Summit in Shanghai

SHANGHAI, Sep 1, 2025 - (ACN Newswire via SeaPRwire.com) - 28th August, The 2025 19th Frost & Sullivan Global Growth, Innovation and Leadership Summit and the 4th New Investment Event, hosted by Frost & Sullivan and co-organized by LeadLeo, was successfully held at the Jing'an Shangri-La Hotel in Shanghai from August 27 to 28, 2025. With the theme of "Intelligence Initiates a New Journey·Jointly Shaping Global Growth Engines", the Summit consists of an opening ceremony, eight parallel forums and a series of thematic activities, gathering over 200 heavyweight guests from home and abroad, more than 100 speeches/roundtable discussions, and attracting over 4,000 professional attendees.Frost & Sullivan has a history of nearly 30 years hosting Growth, Innovation and Leadership Summits worldwide, and this marks the 19th consecutive year of hosting the Summit in China. The 2025 Frost & Sullivan 19th GIL Summit featured in-depth discussions on hot topics such as AI and digital economy, new investments in life sciences, new consumption trends, ESG and new quality productive forces, high-quality development of listed companies, intelligent manufacturing going global and the global development of Chinese enterprises, jointly exploring new growth drivers, new markets and new tracks for China's economy in the new era. Focusing on cutting-edge industrial trends and capital movements, the Summit covers areas including macroeconomics, technological innovation, healthcare, energy storage, artificial intelligence and ESG practices, and released nearly 20 significant research findings on-site.Mr. David Frigstad, Global Chairman of Frost & Sullivan, highlighted the importance of the “Transformational Growth Journey,” which Frost & Sullivan defines as a seven-stage process to help companies navigate disruption and achieve sustainable success. He explained that the journey begins with understanding industry ecosystems across nine value chains, then leveraging data through the Growth Generator to enable rapid decision-making. Mr. David Frigstad emphasized that CEOs must view the world through a lens of prioritized growth opportunities and benchmark their organizations against global best practices. He also pointed to the Frost Radar as a tool for measuring future growth potential, built on both execution and innovation. Finally, Mr. David Frigstad underlined the role of community and collaboration, noting that true transformation requires openness to partnerships, new ideas, and global perspectives.Mr. Aroop Zutshi, Global President and Managing Partner of Frost & Sullivan, centered his speech on "Empowering Enterprises' Transformational Growth Journey", delivering an in-depth sharing focusing on global economic changes and corporate development, illuminating the growth path for enterprises seeking breakthroughs. He pointed out that the global economy is currently experiencing an unprecedented wave of change, and most enterprises are trapped in transformation dilemmas. The root causes lie in the difficulty in responding to change, missing hidden strategic opportunities and lacking a clear transformation framework. Only by taking proactive actions and focusing on strategic priorities can enterprises gain a firm foothold in the market reshuffle. To address the transformation challenges of enterprises, Mr. Aroop Zutshi proposed the "Top 5 Strategic Imperatives", including: 1. Transformation; 2. Ecosystem; 3. Growth Generator; 4. Growth Opportunities; 5. Frost Radar, Best Practices and Companies to Action, forming a systematic solution to support enterprises' transformational growth.Mr. Aroop Zutshi also detailed the six phases of Frost & Sullivan's "Growth Pipeline Engine", from growth audit and opportunity screening to strategy implementation and dynamic optimization, forming a interlocking systematic growth process to ensure that corporate growth is implementable and sustainable. Facing the Intelligence Revolution that began in 2023, he emphasized that this round of revolution is different from the Agricultural Revolution and the Industrial Revolution. By leveraging intelligent AI architectures, enterprises can deeply integrate deep web data, internal enterprise data and real-time public information. Only by equipping themselves with adaptive systems can enterprises seize technological dividends and occupy competitive high grounds. This sharing not only pointed out a way for enterprises to break through from "survival" to "development", but also conveyed clear growth value: by unifying team goals, stimulating innovation vitality and transforming strategies into practical actions, enterprises can not only avoid the risks of change, but also enhance their future growth potential, achieve sustainable high-quality development in the era of the Intelligence Revolution, and inject strong momentum into industrial transformation.Dr. Neil Wang, Global Partner and Greater China Chairman of Frost & Sullivan, stated that the theme of the Frost & Sullivan Summit has always centered on growth, innovation and leadership, adding value to enterprises, empowering industries and contributing to the national socio-economic development. He pointed out that the long-term, sustained and steady growth of China's economy is one of the greatest positives for the world. Frost & Sullivan not only studies the current growth of China's economy, but also focuses on predicting the future. At this Summit, Frost & Sullivan once again updated and released the White Paper on China's Industrial Development Trends in the Next 50 Years (4th Edition), hoping to help enterprises better grasp market opportunities and cope with challenges. According to his introduction, since entering China nearly 30 years ago, Frost & Sullivan has not only served a large number of innovative technology enterprises, but also actively engaged in technological innovation, such as proposing the concept of "AI + HI" (Artificial Intelligence + Human Intelligence) to empower the transformation and upgrading of traditional industries. Dr. Neil Wang believes that the core competitiveness of an enterprise lies in the leadership of entrepreneurs. The mission of Frost & Sullivan China is to convey China's growth, innovation, and leadership to the world, enabling the world to more clearly understand China's value and helping China accelerate its embrace of global opportunities.About Frost & SullivanFrost & Sullivan, the Transformational Growth company, enables clients to accelerate their growth and achieve best-in-class positions in growth, innovation, and leadership. The company’s Growth Pipeline as a Service provides the CEO’s Growth Team with transformational strategies and best-practice models to drive the generation, evaluation, and implementation of powerful growth opportunities. Let us be your growth coach on this transformational journey, as we actively support you in fostering collaborative initiatives within your industry’s ecosystem.About Frost & Sullivan GIL SummitThe Growth, Innovation and Leadership Summit founded by Frost & Sullivan has a history of nearly 30 years and is held in more than 20 countries and regions around the world. It has attracted in-depth participation from a large number of Global 1000 companies, top domestic and foreign financial institutions and other leading enterprises, helping them identify opportunities, continuously innovate, accelerate growth and gain a leading position in an increasingly complex and changing world. Since its launch in China in 2008, the Frost & Sullivan GIL Summit has been held for the 19th time. It has become an important platform for outstanding domestic enterprises, the investment community and regulatory authorities to exchange successful experiences and jointly explore development directions, as well as a key window for the world to understand China's cutting-edge development trends.Media ContactFrost & SullivanShanghai, ChinaRachel ZhangE: rachel.zhang@frostchina.comT: +86 021-3209-6800W: http://www.frostchina.com/ Copyright 2025 ACN Newswire via SeaPRwire.com.
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Gome Retail’s H1 2025 Significant Performance Improvement, Debt Resolution Breakthrough, and Accelerated Strategic Transformation

Gome Retail’s H1 2025 Significant Performance Improvement, Debt Resolution Breakthrough, and Accelerated Strategic Transformation

HONG KONG, Aug 29, 2025 - (ACN Newswire via SeaPRwire.com) - Gome Retail Holdings Limited (Stock code: 493.HK, "Gome Retail" or the "Company", together with its subsidiaries, “the Group”) announced its unaudited six-month results for the six months ended June 30, 2025 (the "Reporting Period").Focusing on the main industry to consolidate the border, breakthrough in debt resolutionIn the first half of 2025, the external environment was complex and severe. Structural contradictions persisted in China, while the industry where the Group belongs showed some signs of recovery, they were still in the bottomingout phase. However, since the fourth quarter of last year, national policies have become more proactive, with the introduction of a number of important stimulus policies. The effects of these policies were further realised in the first half of 2025. Benefiting from these policy initiatives, the Group’s revenue, profit, and other indicators improved significantly during the Reporting Period. During the Reporting Period, the Group recorded sales revenue of RMB297 million, a year-on-year increased by 75.74%; Gross profit was RMB20 million, a year-on-year increased by 11.11%; and loss attributable to owners of the parent during the Reporting Period was RMB1,346 million, a year-on-year decreased by 69.63%.In the first half of 2025, China’s economic growth met expectations. Policy initiatives continued to strengthen, with stimulus measures such as trade-ins and equipment upgrades continuing and expanding in the consumer sector. This has led to a rebound in the growth of durable goods consumption, including home appliances, and initial signs of a bottoming-out recovery in the industry. The Group accelerated its efforts in transformation projects and emerging businesses, including franchise model innovation and car experience centers, achieving progress in each area during the Reporting Period. Debt disposal efforts progressed in an orderly manner during the Reporting Period, the Group actively negotiated debt solutions with various creditors, including financial institutions, suppliers, and convertible bondholders. The Group gradually reduced its debt burden through debt-to-equity swaps, franchise expansion, discussions with banks on debt disposal solutions, and the disposal and sale of non-core assets,and achieved significant progress during the Reporting Period, laying a solid foundation for continued operations.Continuing to promote the asset-light model, the strategic results are gradually showing Gome Retail adheres to a strategy of "asset-light, operations-focused, strong control, and replicability," focusing on sales, revenue, and positive cash flow. Leveraging its supply chain advantages, it optimizes its operating model and details, empowering franchise opportunities. Regarding franchising, the Group continues to expand brand licensing opportunities to franchisees, focusing on supply chain model innovation to assist franchisees in market expansion, avoid high self-development costs, and precisely allocate resources to brand building and user experience. Regarding franchising, the Group continues to strengthen its equity-based partnership model, primarily through the "single-store franchising" format, with the " urban experience Center" at its core, to build a extensive franchise network for the home appliance and related products. Through supply chain empowerment, asset-light operations, and refined management, the Groups is creating a new model for scenario-based digital marketing.New business launch accelerates, with the Car Experience Center officially operationalGome Retail is actively cultivating new growth points. The first Gome Car Experience Center Xibahe Store officially opened on April 29, 2025, marking the Group's official entry into the automobile distribution field. The center has already drawn dozens of mainstream new energy marques, offering early proof that its intensive operating model can lower single store costs and sharpen customer acquisition. Several automakers have responded with concrete partnerships.Looking ahead, the year 2025 marks the final year of China’s 14th Five-Year Plan. Moreover, the Central Politburo has decided to commence the formulation of the 15th Five-Year Plan ahead of schedule in the second half of this year, in order to accelerate the recovery of domestic demand. As a result, it is expected that there will be more substantial policy support at the national level in the coming months.Gome Retail management said: “Despite the significant challenges the Group has faced in recent years, management has remained proactive and unwavering in its efforts. Through persistent dedication, the Group achieved its first signs of performance recovery during the Reporting Period and made substantive progress in strategic transformation and the exploration of new business areas. In the second half of the year, we will continue to devote our full efforts to overcoming current challenges as swiftly as possible, thereby laying the groundwork for a sustained recovery.”About GOME RETAIL HOLDINGS LIMITEDGOME RETAIL HOLDINGS LIMITED was listed on the Hong Kong Stock Exchange in July 2004 (Stock Code: 493HK). Founded in 1987 in China, GOME is committed to building China's leading technology-based, experiential, entertainment-oriented and socialized home-life technology retailer. With the strategy of "Home Living", Gome Group focuses on retailing of electrical appliances and consumer electronics products, and builds a closed-loop ecosystem for the entire product line.Please visit our website for more information: www.gome.com.hkIssued by EVER BLOOM (HK) COMMUNICATIONS CONSULTANTS GROUP LIMITED for and on behalf of GOME Retail Holdings Limited. For further information, please contact: EVER BLOOM (HK) COMMUNICATIONS CONSULTANTS GROUP LIMITEDMr Matthew Li / Ms Isla GuTel: (852) 3468 8874 Fax:(852) 2111 1103Mail: Matthew.li@everbloom.com.cn/ jin.gu@everbloom.com.cn Copyright 2025 ACN Newswire via SeaPRwire.com.
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Belt and Road Summit Returns in September

Belt and Road Summit Returns in September

HONG KONG, Aug 27, 2025 - (ACN Newswire via SeaPRwire.com) - The 10th Belt and Road Summit, co-organised by the Government of the Hong Kong Special Administrative Region (HKSAR) and the Hong Kong Trade Development Council (HKTDC), will take place on 10 and 11 September 2025 at the Hong Kong Convention and Exhibition Centre. Under the theme Collaborate for Change • Shape a Shared Future, the Summit will bring together over 90 key officials and business leaders from 18 Belt and Road countries and regions and feature in-depth discussions on the immense opportunities arising from the Belt and Road Initiative across sectors including finance and investment, innovation and technology, professional services, infrastructure and maritime services. The Belt and Road Summit fosters long-lasting international collaboration and promotes the building of a sustainable future.Marking its 10th edition this year, the Summit will build on the successes of the past nine editions, by developing further into a leading platform for policy dialogue and business collaboration between Belt and Road economies and other countries and regions. Since the first Belt and Road Summit in 2016, more than 700 distinguished speakers from over 30 countries and regions have shared their insights at the Summit. Over 660 exhibitors have showcased a wide range of professional services and investment projects, attracting more than 45,000 participants from over 120 countries and regions. The Summit has also facilitated around 5,400 business matching meetings and supported over 2,000 projects, originated or facilitated more than 30 deals involving over 50 companies. These agreements span key areas such as infrastructure, finance, technology, and green development, underscoring the Summit’s important role in advancing Belt and Road cooperation.Algernon Yau, Secretary for Commercial and Economic Development, said: "The Belt and Road Initiative (B&RI) has been put into practice, turning an idea into action and a vision into reality. The HKSAR Government contributes to the B&RI in various areas, and actively participates in the eight major steps to support Belt and Road development. Since 2013, Hong Kong's merchandise trade with Belt and Road countries and regions has grown substantially by nearly 80%, which is 3.2 times the growth rate of Hong Kong's external merchandise trade during the same period, reaching about US$280 billion. This demonstrates Hong Kong's capabilities as an international trade and investment hub, and highlights the growth potential of Belt and Road markets. The theme of this year's Summit is “Collaborate for change ‧ Shape a shared future”. We will further enhance Hong Kong's role in taking forward the B&RI, raising the awareness of the B&RI among different sectors of the community and helping them to capture Belt and Road opportunities."Nicholas Ho, Commissioner for Belt and Road, Commercial and Economic Development Bureau said: "We will embrace changes and promote greater collaboration at the 10th Belt and Road Summit. New elements of the Summit include sessions featuring signature projects and market spotlights, a roundtable session promoting sustainable development, and more opportunities to exchange in the session for young business leaders. We will also enhance promotion beyond the Summit - over 20 activities in various fields will be organised in different venues over an extended period, including art and cultural exhibitions, Chinese and Western music concerts, a film festival and quizzes for secondary school students, enabling the public to participate in and experience the global collaborative achievements of the B&RI.”Patrick Lau, Deputy Executive Director of the HKTDC, said: "The HKTDC has a longstanding commitment to leveraging Hong Kong’s unique advantages in connectivity, strengthening the city’s role as both a ‘super connector’ and a ‘super value-adder’. Through its global network of 51 offices, enhanced information platforms and outbound missions, the HKTDC has contributed to advancing the Belt and Road Initiative. As one of the world’s most important platforms for exploring Belt and Road policies and opportunities and fostering concrete cooperation, the Belt and Road Summit has successfully promoted regional connectivity and economic development. Marking its tenth anniversary this year, the HKTDC remains dedicated to enhancing this international cooperation platform, enabling all parties to explore new markets and opportunities, deepen engagement and collaboration along the Belt and Road economies, and continue turning the Initiative’s vision into tangible partnerships and achievements, opening a new chapter together."Diverse sessions gather distinguished guests to explore regional cooperation trendsThe Belt and Road Summit features various sessions and activities, including the Opening Session, Policy Dialogue, Business Plenary, Keynote Luncheon, Thematic Breakout Session, Project Investment Session and Cocktail Reception.The Opening Session will feature welcome remarks by Professor Frederick Ma, Chairman of the HKTDC, followed by opening remarks from John Lee, Chief Executive of the HKSAR. Sun Chanthol, Deputy Prime Minister and First Vice Chairman of the Council for the Development of Cambodia, and Serik Zhumangarin, Deputy Prime Minister of Kazakhstan’s Minister of National Economy, will deliver keynote address, officially inaugurating the Summit.The subsequent Policy Dialogue will be chaired by Algernon Yau, Secretary for Commerce and Economic Development, and will feature contributions from Anthony Loke, Minister of Transport of Malaysia; Ahmed Shide Mohamed, Minister of Finance of Ethiopia; Mehmet Simsek, Minister of Treasury and Finance of Turkey; and Wasantha Samarasinghe, Minister of Trade, Commerce, Food Security and Cooperative Development of Sri Lanka. The session will explore the latest Belt and Road policies and cross-regional economic cooperation. On the second day of the Summit, special remarks will be delivered by Jam Kamal Khan, Federal Minister of Commerce of Pakistan, followed by thematic breakout sessions to enable participants to engage in in-depth discussions on the development of individual markets and industries.The Keynote Luncheon, themed Building a Connected World with Green and Digital Innovation, will feature welcome remarks by Paul Chan, Financial Secretary of the HKSAR, and opening remarks by Chen Liang, Chairman of the Board of Directors and Chairman of the Management Committee, China International Capital Corporation Limited. Eduardo Pedrosa, Executive Director of the APEC Secretariat, will deliver a keynote address, sharing strategies for sustainable development at the intersection of green initiatives and digitalisation.Promoting multilateral cooperation with a focus on new opportunities in the Middle East and ASEANThe Summit has always aimed to provide participants with opportunities to showcase project achievements, exchange the latest information, and establish long-term partnerships. Among the sessions are two business plenaries to explore emerging opportunities and frontier developments across different regions and industries.In May this year, a business delegation led by John Lee, Chief Executive of the Hong Kong Special Administrative Region (HKSAR), and organised by the HKTDC, visited Qatar and Kuwait in the Middle East. This trip marked a significant milestone as it included representatives from mainland enterprises for the first time, aimed at fostering collaboration and creating new business opportunities. The visit has facilitated the signing of an MoU between Dongchao Information Technology (Shanghai) Co., Ltd and Qatari developer Fikri Group, to establish a factory in Qatar, further solidifying Hong Kong's connections with the Middle Eastern market. Wang Chaoyou, President of Dongchao Technology Group will share his successful experience of “going global” through Hong Kong’s business platform at one of the plenary sessions. Themed Exploring Frontiers in New Markets and Industries, the session will be chaired by Professor KC Chan, Chairman of WeLab Bank. Keynote speakers include H.E. Abdulsalam Al Murshidi, President of Oman Investment Authority; Elton Chan, Director of Jardine Matheson Limited; Ronald Lam, CEO of Cathay Group; and Gansha Wu, Co-founder, Chairman and CEO of UISEE Technologies (Beijing) Co., Ltd.The other business plenary session, themed ASEAN: Unveiling New Opportunities for Growth and Collaboration, will be chaired by Dr Victor K Fung, Chairman of Fung Group, and feature speakers Zeng Qi, Vice President of CITIC Group Corporation; Dong Mingzhu, Chairperson and President of Gree Electric Appliance Inc. of Zhuhai; Tony Fernandes, CEO of Capital A; Antony Leung, Chairman of Nan Fung Group; and Dr. Hashim S. Djojohadikusumo, CEO and Chairman of Arsari Group of Companies.This year, the conference will continue to feature thematic breakout forums focusing on finance, green, and youth. The Youth Chapter will include interactive elements to facilitate deeper engagement between participants and young leaders.During the Summit, the Project Investment Session, the Belt and Road Deal-Making, and Exhibition will highlight developments from around the world, particularly in the Middle East and ASEAN markets, facilitating interaction among regional opinion leaders and business decision-makers, and promoting substantive cooperation across different sectors.The Project Investment Session will feature a new segment themed Middle East & ASEAN Market Focus, showcasing high-potential projects from these two fast-growing regions. Additionally, a new Signature B&R Projects-featured Session will feature forward-looking initiatives, underscoring the Belt and Road Initiative’s role in driving economic transformation and innovation. The investment project sessions will continue to cover four popular themes from previous editions - Energy, Natural Resources and Public Utilities; Urban Development; Transport and Logistics Infrastructure; and Innovation and Technology - showcasing over 300 investment projects across these sectors. The Belt and Road Deal-Making will provide participants with key opportunities for negotiation and collaboration. Held concurrently with the Summit and extended online from 15 to 16 September, this will bring together global resources and facilitate long-term partnerships and resource integration through one-to-one project matching meetings.The Exhibition will bring together global project collaboration opportunities, featuring a newly introduced ASEAN Pavilion highlighting the latest projects across diverse sectors in the region. Also included will be the Hong Kong Zone, Global Investment Opportunities Zone, InnoTech Zone, and Mainland Pavilions, collectively showcasing professional services, innovative technologies, and investment prospects. In addition, the Belt and Road Global Forum Annual Roundtable 2025 will be held on 12 September morning, alongside Belt and Road Week, bringing together Hong Kong, Mainland and international organisations and associations to share information, interact and explore multilateral cooperation.The 10th Belt and Road Summit is supported by a wide range of partners, including China International Capital Corporation Limited as Strategic Partner, and Bank of China (Hong Kong) Limited as the Banking Partner. Other supporters include The Hongkong and Shanghai Banking Corporation Limited as the Global Connectivity Partner, Standard Chartered Bank (Hong Kong) Limited as Cross-border Business Partner, Huatai International Financial Holdings Company Limited as Innovative Finance Partner, as well as China Mobile International Limited, China Telecom Global Limited and China Unicom Global Limited as Platinum Sponsors.The 10th Belt and Road SummitDate10 to 11 September 2025VenueHall 5B-E, Hong Kong Convention and Exhibition CentreRemarksVideo and audio recordings at the Summit should be used only in the context of media reportingMediaRegistrationPlease contact lsong@yuantung.com.hk or tleung@yuantung.com.hk for media registrationWebsitesBelt and Road Summit: https://www.beltandroadsummit.hk/conference/bnr/enProgramme:https://www.beltandroadsummit.com/conference/bnr/en/programmeSpeaker list: https://www.beltandroadsummit.com/conference/bnr/en/speakerMedia representatives who would like to conduct interviews with the speakers, please complete the Interview Request Form and email it to lsong@yuantung.com.hk or tleung@yuantung.com.hk.Photo download: http://bit.ly/41V7v0W(left to right) Patrick Lau, Deputy Executive Director of HKTDC, Algernon Yau, Secretary for Commerce and Economic Development and Nicholas Ho, Commissioner for Belt and Road shared the latest developments of the Belt and Road Initiative, reviewed the achievements of the Belt and Road Summit, and introduced the upcoming 10th edition of the Summit at a press conference held todayAlgernon Yau, Secretary for Commerce and Economic Development, shares Hong Kong’s role in the Belt and Road Initiative, the latest development opportunities, and the Government’s achievements in advancing the InitiativeNicholas Ho, Commissioner for Belt and Road, shares the highlights of this year’s Belt and Road SummitPatrick Lau, Deputy Executive Director of HKTDC, reviews the contributions of the past nine editions of the Belt and Road Summit and highlights successful casesThe 10th Belt and Road Summit, themed Collaborate for Change • Shape a Shared Future, will bring together key officials and business leaders from Belt and Road countries and regions and feature in-depth discussions on the immense opportunities arising from the Belt and Road Initiative across a wide range of sectors, including finance and investment, innovation and technology, professional services, infrastructure and maritime services. This will also foster international collaboration and promote the building of a sustainable future (This photo shows the 9th Belt and Road Summit in 2024)Media EnquiriesYuan Tung Financial Relations:Louise SongTel: (852) 3428 5690Email: lsong@yuantung.com.hkTiffany LeungTel: (852) 3428 2361Email: tleung@yuantung.com.hkFung WongTel: (852) 3428 3122Email: hfwong@yuantung.com.hkHKTDC’s Communications & Public Affairs Department:Serena CheungTel: (852) 2584 4272Email: serena.hm.cheung@hktdc.orgJane CheungTel: (852) 2584 4137Email: jane.mh.cheung@hktdc.orgSam HoTel: (852) 2584 4569Email: sam.sy.ho@hktdc.orgAbout HKTDCThe Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With over 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Copyright 2025 ACN Newswire via SeaPRwire.com.
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AI-Powered Foundation, Innovation-Driven Empowerment, Legend Holdings Reports RMB699 Million in Net Profit Attributable to Parent for 2025H1

HONG KONG, Aug 29, 2025 - (ACN Newswire via SeaPRwire.com) - Legend Holdings Corporation (“Legend Holdings” or the “Company”; Stock Code: 3396.HK) today announced its unaudited condensed consolidated interim results for the six months ended June 30, 2025 (the “Reporting Period”). In the first half of 2025, Legend Holdings adhered to its principle of high-quality development driven by scientific and technological innovation and prioritized steady growth while pursuing strategic progress, further strengthening its industrial foundation; and the Company expanded its investments in scientific and technological innovation. By actively cultivating emerging and future industries, Legend Holdings accelerated its efforts to develop new quality productive forces and reinforce its core competitiveness. During the Reporting Period, Legend Holdings posted revenue of RMB281,589 million, representing a 21% year-on-year increase. The net profit increased by 49% year-on-year to RMB4,176 million, and the net profit attributable to equity holders of Legend Holdings was RMB699 million, representing a 144% year-on-year increase. The profit expansion was primarily driven by the enhanced profitability of key enterprises within the diversified-industries operation segment, coupled with narrowed year-on-year losses from the investment businesses of the industrial incubations and investments segment.Strengthening R&D and Deepening Strategic DeploymentAdhering to the principle of driving industrial innovation through sci-tech innovation, Legend Holdings accelerated its efforts to consolidate its traditional industries while proactively exploring into new frontiers. The Company has strategically deployed resources in cutting-edge fields including artificial intelligence, advanced materials, new energy, and biopharmaceuticals, fostering emerging industries with international competitiveness. During the Reporting Period, Legend Holdings further increased its investment in technological development and innovation, with R&D expenditure rising 16% year-on-year to a record half-year high of RMB8,513 million. Subsidiary Lenovo Group successfully capitalized on the surge in hybrid AI. With its forward-looking strategy and disciplined execution, Lenovo has driven coordinated progress across all business segments by leveraging innovation. Levima Advanced Materials maintained sustained momentum in R&D innovation, with 22 new patents granted during the Reporting Period. Key functional materials for new batteries, such as solid-state electrolyte dispersants and silicon-carbon anode binders, completed downstream customer trials and validation. Several new polyolefin catalysts were developed as well and 15 additional products were finalized. The pilot-scale testing for PEEK (Polyetheretherketone) products was also completed, reflecting broad development prospects in high-end and emerging sectors such as healthcare, semiconductors, and humanoid robotics. In strategic emerging and future industries, Legend Holdings Family Group actively supported China’s self-reliance and strength in science and technology, investing in more than 50 technology projects in the first half of the year. The Company facilitated the public listing of 5 enterprises, with more than 10 additional enterprises in the IPO pipeline. In the pharmaceutical and healthcare and embodied intelligence sectors, which continue to attract strong market interest, Legend Holdings Familiy Group has invested in more than 110 and 40 enterprises respectively, maintaining industry-leading positions in both domains.AI-Powered Foundation, Industry-Research SynergyThrough multi-layered and systematic technological innovations, Legend Holdings continues to actively advance AI empowerment across industries. Centered on the “AI Plus” initiative, it has representative cases in the integration of AI with six key areas: technology, industry, consumption, livelihoods, governance and global cooperation. During the Reporting Period, Lenovo launched its proprietary Super AI Agent matrix, with flagship technology products achieving global leadership. AI PC accounted for more than 30% of Lenovo’s total PC shipments, ranking No.1 worldwide in the Windows AI PC category with a 31% market share. AI servers continued to rank among world leaders with sales tripling year-on-year. The Tianxi Ecosystem for AI terminals, the Wanquan Ecosystem for AI infrastructure, and the Optimus Ecosystem for AI solutions and services have established in-depth collaborations with over 2,000 partners, accelerating the penetration of innovative AI technologies, products, and applications. Legend Holdings subsidiaries, including Levima Advanced Materials, Fullhan Microelectronics, and Lakala, also made efforts to promote the implementation of AI with industry best practices. Fullhan Microelectronics, for instance, made progress upgrading its technologies and iterating upon its products. The company launched ultra-high-pixel array products, low-light full-color cameras based on AI-ISP algorithms, etc. Meanwhile, the Company is committed to building an AI-plus ecosystem. With investments in accumulatively over 270 AI companies, Legend Holdings stands as one of the investment institutions with the most comprehensive system, the largest number of invested companies, and the longest track record in the field, continuously contributing to the sustainable development of China’s AI ecosystem.Advancing Green Transformation for Enhanced Quality and Efficiency“Ecological preservation and sustainable development” remains a core philosophy consistently upheld by Legend Holdings and thoroughly integrated into its business operations. Lenovo once again received the highest AAA rating in the MSCI ESG Ratings; its ESG solution “Lenovo ESG Navigator” helps customers monitor key ESG metrics of their factories; additionally, the Lenovo (Tianjin) Smart Innovation Service Industrial Park was awarded the “Eco-level Carbon Neutral Factory” certification by CESI Certification. Levima Advanced Materials’s newly launched green industry projects such as ultra-high molecular weight polyethylene lithium-ion battery separator materials, lithium-ion carbonate battery solvents, and PLA entered the production ramp-up phase. Additionally, the EVA, POE photovoltaic adhesive film materials and PPC projects are scheduled to be completed and put into operation in 2025. ZQi Solar’s N-type high-efficiency solar cell project continues to advance in technological improvements and process optimization. TOPCon’s conversion efficiency in mass production has increased to 27.10%, with a yield rate consistently above 97.5%, placing the company among the industry’s first tier.Going forward, Legend Holdings will further intensify its efforts in driving high-quality development through scientific and technological innovation, forging industrial resilience and optimizing resource allocation. The Company will actively promote the deep integration of AI scientific and technological innovation with industrial innovation and build an enterprise-led synergistic innovation ecosystem of Industry-University-Research-User. With an unwavering commitment to cultivating strategic emerging and future industries, Legend Holdings will continue to contribute significantly to China’s modernization and self-reliance and strength in science and technology. Copyright 2025 ACN Newswire via SeaPRwire.com.
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