HONG KONG, Sep 8, 2025 - (ACN Newswire via SeaPRwire.com) – Sigenergy updated its prospectus on the Hong Kong Stock Exchange. According to the updated prospectus, Sigenergy has turned profitable in 2024. Annual sales revenue of 2024 surpassed RMB 1.3 billion (approximately USD 182.3 million), marking a 22.8-fold increase from 2023, while adjusted net profit exceeded RMB 150 million (approximately USD 21.0 million). In the first four months of 2025, the company generated RMB 1.21 billion (approximately USD 169.7 million) in revenue, with adjusted net profit achieved more than RMB 400 million (approximately USD 56.1 million).Outstanding Performance, Profitability Achieved in Three YearsThe latest financial results disclosed in the prospectus once again highlight the company’s strong execution. In 2024, it recorded annual revenue of RMB 1.33 billion (approximately USD 186.5 million) and an adjusted net profit of RMB 150 million (approximately USD 21.0 million). From January to April 2025, revenue reached RMB 1.21 billion (approximately USD 169.6 million), while adjusted net profit had already surpassed RMB 400 million (approximately USD 56.1 million). This sustained high growth demonstrates the resilience of the company’s business model and its long-term growth potential.The driving force behind this performance is the company’s flagship product, SigenStor. The data shows that sales of the product surged from 18 MWh in 2023 to 447 MWh in 2024, representing an almost 25-fold increase. Strong market demand directly translated into revenue growth, with revenue in the first four months of 2025 hitting RMB 1.206 billion (approximately USD 169.1 million) - more than 5.6 times the RMB 182 million (approximately USD 25.5 million) recorded in the same period of 2024. SigenStor has secured leading residential market share in countries such as Australia, Ireland, Sweden, the Netherlands, and Belgium, setting a record for the fastest path from zero to No. 1 market share in developed economies for a new brand.This explosive growth not only reflects strong market recognition of SigenStor products and services, but also highlights the company’s strategic positioning in the global new energy industry, which continues to deliver commercial value.Premium Market Positioning, Value-Driven Global GrowthSince its inception, Sigenergy has adopted a premium positioning strategy. Although the energy storage industry is expanding rapidly, many companies in this fiercely competitive market seek to gain share by cutting hardware costs and lowering prices. While such products may boost short-term shipments, they often come at the expense of safety, reliability, and long-term returns.SigenStor is an energy storage product for the premium market. It is the world's first AI-powered flagship “5-in-1” energy storage system (ESS) solution, integrating high functionality with a five-layer battery safety protection system, and pioneering the introduction of AI energy management and dynamic tariff scheduling. Compared to low-price competitors, SigenStor holds a clear advantage in performance, safety, user experience, and the entire product lifecycle.This strategic choice also aligns perfectly with the market structure. According to the prospectus, Europe, APAC (excluding mainland China), and Africa are Sigenergy’s main sources of revenue, with their revenue shares in 2024 being 60%, 19.7%, and 12.9% respectively. As of April 30, 2025, the top three markets accounted for 61.3%, 23.3%, and 11.5%.The European market is a mature and premium energy market. The company has precisely targeted medium-to-high-end users from residential homes and industrial and commercial facilities, providing reliable, safe, and efficient energy management solutions with its technologically advanced SigenStor, winning over a large number of long-term clients and quality projects. In Australia, Sigenergy has achieved rapid growth. According to SunWiz data, in March 2025, Sigenergy first topped the Australian residential energy storage market and has held the leading position for five consecutive months, with its market share rising to 31.4% in May, more than double that of the second-place brand. With the ongoing promotion of the “Cheaper Home Batteries Program” subsidy policy in Australia, Sigenergy is expected to further boost sales. In South Africa, product growth has also been rapid, driven by strong demand for on- and off-grid switching. Customers in these regions not only have strong purchasing power but also place higher demands on the safety, intelligence, and the entire product lifecycle - areas where Sigenergy’s offerings align precisely with their core concerns.This targeted strategy has enabled SigenStor to achieve excellent sales performance and stable profits in each major market, while also avoiding the price competition pressure of the low-end market. By precisely targeting high-value customer groups and combining technologically advanced product performance with intelligent services, Sigenergy has not only strengthened its premium brand image but also established a foundation for sustainable profitability in the global market.AI-Powered, Software-Hardware Synergy Leading the Energy RevolutionSigenergy has always regarded product innovation as its core driving force. SigenStor redefines industry benchmarks with multiple “industry-first” innovations. On the hardware front, SigenStor, seamlessly integrates a solar inverter, EV DC charger, Power Conversion System(PCS), battery pack, and Energy Management System (EMS) with a modular, stackable product design, making it the most integrated energy storage product in the industry. Combined with the company’s self-developed energy backup cabinet and optimization algorithms, SigenStor execute rapid on- and off-grid switching. Meanwhile, the company pioneered the bi-directional EV DC charging module for V2X applications, enabling electric vehicles to supply power back to home appliances and the grid, further enhancing energy flexibility.On the software front, Sigenergy empowers the intelligent transformation of the solar and storage industry through AI technology, building a moat that is difficult for peers to replicate. The company’s self-developed mySigen App is one of the most intelligent energy management platforms in the industry, being the first to integrate the GPT-4o model, achieving the commercial application of AI in the energy sector. The system collects and analyzes massive energy data in real time, automatically identifies potential issues and optimizes operating parameters, not only predicting equipment failures but also dynamically adjusting supply and demand to achieve intelligent dispatch. Through AI-driven dynamic electricity price optimization, SigenStor intelligently adjusts charging and discharging strategies based on electricity price fluctuations, charging in power valley periods and discharging in power peak periods, significantly reducing electricity costs. Meanwhile, Sigen Cloud has completed integration with leading VPP systems in Sweden, the Netherlands, Australia, and other countries, automatically obtaining real-time electricity price data from over 60 utility companies across more than 20 countries, further enhancing intelligent dispatch capabilities.From the world’s first 5-in-1 ESS solution, to C&I ESS solution, and to the newly launched residential hybrid inverters and microinverters, Sigenergy continues to expand its distributed energy solution matrix, forming a complete product line covering diverse application scenarios. Since their launch, the new products have received an enthusiastic market response, not only further enhancing the company’s competitiveness in the distributed energy solutions sector but also providing channel partners and end-users with more choices. Simultaneously, Sigenergy has fully empowered all types of hardware products with its self-developed AI capabilities, covering the entire chain of power generation, energy storage, consumption, and dispatch, achieving smarter energy management, higher efficiency, and safer operation. With the significant advantage of “hardware-software integration,” Sigenergy’s product portfolio continues to receive high recognition and widespread acclaim in the global market.While most peers are still exploring the feasibility of combining AI with energy, Sigenergy has already transformed technological innovation into tangible commercial outcomes, demonstrating its leading position in the intelligent solar and storage sector. This innovative model not only enhances energy utilization efficiency, but also elevates the user energy experience. Copyright 2025 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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Shoucheng Interim Results: Revenue +36%, Asset Finance +69%, Robot Focus
HONG KONG, Aug 31, 2025 - (ACN Newswire via SeaPRwire.com) - Hong Kong-listed Shoucheng Holdings Limited (0697.HK) released its interim results for 2025. Driven by its dual-engine strategy of “Asset Operations + Asset Finance,” the company delivered a balanced performance combining steady growth with forward-looking strategic initiatives: first-half revenue reached HK$731 million, up 36% year-on-year; net profit attributable to shareholders was HK$339 million, up 30%; and gross profit stood at HK$295 million, up 26%.Meanwhile, the company continued its high-dividend tradition. According to the public roadshow on August 31, Shoucheng is expected to distribute a total dividend of HK$1.159 billion for FY2025, with a dividend yield of nearly 8%, ranking among the highest in the Hong Kong market. In addition, more than 40 million shares have been repurchased. Financially, Shoucheng holds over HK$8 billion in cash, has fully repaid all bank loans to reduce financing costs, and maintains a gearing ratio of just 7.9%. With its robust capital structure, the company has a solid safety cushion and strong capacity to capture new investment opportunities under current market conditions.I. Solid Financials and Strong Shareholder ReturnsIn the first half of 2025, Shoucheng maintained steady growth in both revenue and profit while continuously strengthening its capital structure. Total assets reached HK$14.35 billion, and the company has maintained its AAA credit rating for three consecutive years from China Chengxin International and United Credit Ratings.Kang Yu, General Manager of Shoucheng’s Board Office, noted in an interview:“We aim not only to create long-term growth potential for our shareholders—Shoucheng’s businesses are at their best stage in history, and we are just setting sail—but also to ensure certainty of shareholder returns. This year alone, dividends have already reached nearly HK$1.2 billion, and continuous share buybacks highlight management’s firm confidence in Shoucheng’s long-term prospects.”The company’s high-dividend and buyback policy reflects a long-term win-win commitment to investors.Notably, the company’s asset finance business delivered outstanding performance, with first-half revenue reaching HK$220 million, a surge of 69% year-on-year, making it a key growth engine driving overall results. Through the establishment of a RMB10 billion Infrastructure Real Estate Equity Investment Stabilization Fund in partnership with China Life, Shoucheng Holdings has continued to deepen its presence in the REITs market, growing into one of the largest industrial investors in the country. The company has successively completed strategic allotment investments in Nanfang Range / Wanguo Data Center REIT, Sunlon REIT, and Huadian Clean Energy REIT, covering key areas such as data centers and clean energy. This has enabled Shoucheng to build a systematic layout across all types of infrastructure assets and establish a complete closed-loop capability from fund investment to asset exit.At the same time, Shoucheng Holdings has also achieved remarkable results in equity investments. Through its multiple industrial funds, the company has invested in leading robotics firms including Unitree, Galbot, Galaxea-AI, X Square Robot, Noetix Robotics, Booster Robotics, and Narwhal Robotics. Previously, Shoucheng secured outstanding results from investments in Li Auto, Horizon Robotics, Zhaogang.com, StarVision, and Silan Microelectronics. Its equity funds had already achieved more than three times book returns earlier this year, delivering impressive exit proceeds. These success stories validate Shoucheng’s forward-looking investment vision in industrial research and also set a solid benchmark for expected returns from its future robotics investments.Kang Yu, General Manager of the Board Office, commented: “We believe that as the robotics industry enters the stage of scaled deployment, the leading companies invested by Shoucheng will deliver higher capital returns and strategic value for the Group.”II. Accelerating the Robotics Strategy: Building the Full Industrial Value ChainIf the financial data demonstrates Shoucheng Holdings’ solid fundamentals, then its robotics business represents the company’s most imaginative growth trajectory for the future. As one of the first listed companies in China to systematically invest in the robotics sector, Shoucheng is accelerating its transformation from a pure investor into a full-chain service provider.Through the RMB10 billion Beijing Robotics Industry Development Investment Fund and its affiliated funds, the company has invested in dozens of leading enterprises such as Unitree, Galbot, Noetix Robotics, Galaxea-AI, and Booster Robotics, covering humanoid robots, core components, and other critical fields. This investment matrix has firmly positioned Shoucheng Holdings at the forefront of the embodied intelligence industry.Notably, the company has also strengthened its presence in the upstream of the robotics value chain. Recently, Shoucheng announced the establishment of Shoucheng Robotics Advanced Materials Industrial Co., Ltd. through its wholly owned subsidiary Shouwo Investment, focusing on advanced materials such as electronic skin, tendon cables, and lightweight PEEK composites. This initiative not only fills critical gaps in the value chain but also enhances the technological performance of portfolio companies in tactile sensing, flexible control, and lightweight design, further improving the full-chain ecosystem represented by humanoid robots.On the application side, the company is driving robotics into real production and everyday life scenarios. Its wholly owned subsidiary, Beijing Shoucheng Robotics Technology Industrial Co., Ltd., is deploying robotics across multiple dimensions. By providing sales agency, leasing, and secondary development services, the company is creating a “Didi-style” supply-demand platform for the robotics sector, facilitating efficient collaboration across the industry chain. Kang Yu noted that Shoucheng will further build a robotics application platform, positioning itself as a comprehensive solutions provider. Acting as a “chain leader,” the company will integrate industry resources, centralize procurement of high-quality products from ecosystem partners, and expand from B2B to B2C and C-end markets, fully unlocking the potential of robotics applications while delivering strong returns to shareholders.Shoucheng’s robotics industrialization strategy has already shown early results. Its strategic cooperation with IAT Automobile Technology Co., Ltd. means robots will be deeply integrated into automotive production lines, intelligent testing, and electrification processes, driving “Robotics + Automobiles” cross-sector synergies. In smart mobility, the Chengdu ICD autonomous charging station co-developed with Wanxun Technology has already been put into operation, enabling large-scale robotic applications in new energy vehicle services. In healthcare, Peking University Shougang Hospital has introduced the SurRui surgical robot developed by a partner within Shoucheng’s robotics ecosystem, marking an accelerated path toward commercialization of domestic surgical robots and breakthroughs in high-end medical equipment.In August this year, at the inaugural World Humanoid Robot Games held in Beijing, multiple companies invested by Shoucheng Holdings made a collective appearance, winning 37 medals (including 12 gold, 14 silver, and 11 bronze). This fully showcased the rapid progress of Chinese robotics companies in motion control and intelligent interaction. At the same time, the company launched the “Shoucheng Robotics Experience Store” outside the “Ice Ribbon” venue, which became one of the most popular exhibition areas during the event. The store not only displayed humanoid and service robots to the public but also provided interactive experiences, helping robots move from professional arenas into everyday life.Looking further ahead, Shoucheng Holdings is exploring the “Robotics 4S Store” model, with plans to create a retail service system that integrates exhibition, sales, maintenance, and customer experience. Kang Yu noted:“At this year’s robot games, our 200-square-meter pop-up store alone generated over RMB 30,000 in daily sales, which strongly reflects public enthusiasm and expectations for robotics applications. Just like new energy vehicles once required 4S channels to popularize, robots will also need service networks to truly enter thousands of households. In the future, we hope individuals, families, and enterprises alike can experience, try on, test, purchase, or lease various robots in-store while enjoying comprehensive after-sales and maintenance services. Through this model, we aim to bridge the ‘last mile’ of the robotics industry and drive robots into daily life.”III. Broad Prospects for Robotics Applications: China’s Soil Nurtures Global LeadersGlobally, the robotics industry is shifting from “running, jumping, and performing” to “understanding, reasoning, and working.” According to GGII (Gaogong Industry Institute), the global humanoid robot market is expected to reach approximately RMB 6.3 billion in 2025, nearly RMB 64 billion by 2030, and potentially exceed RMB 400 billion by 2035. Kang Yu believes that within the next three to five years, robots will see large-scale adoption in industrial manufacturing, healthcare, smart elderly care, and consumer services.She added: “China not only has policy support and capital investment but also possesses unique application scenarios globally, providing the best soil for rapid commercialization of robotics. Shoucheng Holdings’ mission is to combine capital with scenarios to truly bring cutting-edge technologies into scaled application.”Shoucheng Holdings is a dedicated cultivator in this fertile soil. The company has built a complete industry chain layout covering upstream–midstream–downstream:Upstream: Through its wholly owned subsidiary, it established Shoucheng Robotics Advanced Materials Industrial Co., Ltd., focusing on core materials such as electronic skin, tendon cables, and lightweight PEEK, while jointly developing and incubating new technologies to fill gaps in the robotics value chain.Midstream: Through its affiliated industrial funds, Shoucheng has invested in leading companies including Unitree, Galbot, Noetix Robotics, Galaxea-AI, and Booster Robotics, covering humanoid robot systems and critical components.Downstream: Driving scenario applications, Shoucheng has already enabled robotics adoption in real-world environments such as IAT Automobile Technology’s production lines, the Chengdu ICD autonomous charging station with Wanxun, Peking University Shougang Hospital’s surgical robotics, and its Robotics Experience Store. The company is also exploring a “Robotics 4S Store” model.Kang Yu emphasized: “Our mission is to combine capital, materials, technology, and application scenarios to truly scale up frontier technologies.”IV. Outlook: Marching Toward the HK$100 Billion MilestoneAs AI and robotics enter a new stage of application realization, Shoucheng Holdings stands at the forefront of industrial takeoff. With solid asset operations, forward-looking industrial deployment, and consistent shareholder returns, the company is steadily advancing toward its long-term goal of HK$100 billion market capitalization.Kang Yu concluded: “Robotics are the intelligent infrastructure of a new era. Shoucheng Holdings aims not only to be an investor but also a full-chain driver and service provider. We are confident in leveraging the synergy of capital, materials, and application scenarios to lead China’s robotics industry to new heights.”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
Shoucheng Sets Up Robotics Advanced Materials Co. for Full Chain
HONG KONG, Sep 1, 2025 - (ACN Newswire via SeaPRwire.com) - On August 31, 2025, Shoucheng Holdings Limited (0697.HK, “Shoucheng Holdings”) announced that its wholly owned subsidiary, Shouwo Investment Holdings Co., Ltd., plans to establish Shoucheng Robotics Advanced Materials Industrial Co., Ltd. (“Advanced Materials Company”). The new company will focus on R&D and industrialization of key upstream materials for the robotics industry, marking a solid step in Shoucheng’s full-value-chain robotics strategy.The Advanced Materials Company will primarily target core materials such as electronic skin, tendon cables, and lightweight PEEK composites, while advancing investment, joint R&D, and incubation projects. Through deep collaboration with research institutions and industry partners, the company aims to address critical performance and cost gaps in robotics, drive breakthroughs in materials technology, and accelerate application deployment. This initiative is not only an important extension of Shoucheng’s upstream robotics layout but also a vital step toward completing its full ecosystem led by humanoid robots.According to Shoucheng Holdings’ 2025 interim report, the company is progressively building a comprehensive robotics industry chain that spans upstream materials, midstream systems and key components, and downstream applications:Upstream: With the Advanced Materials Company as its vehicle, Shoucheng will focus on electronic skin, tendon cables, and lightweight PEEK materials, engaging in investment, joint R&D, and industrial incubation. This effort not only addresses performance and cost-control bottlenecks but also provides strong support to upstream and downstream players, enhancing the competitiveness of the entire ecosystem.Midstream: Leveraging its industrial funds, Shoucheng has systematically invested in leading firms including Unitree, Galbot, Noetix Robotics, Galaxea-AI, and Booster Robotics, covering humanoid robot systems, motion control, perception, and intelligent algorithms. With capital empowerment and industrial synergy, these companies are accelerating technological breakthroughs and commercialization.Downstream: The company actively promotes robotics applications in smart mobility, healthcare, and intelligent manufacturing. Examples include the Chengdu ICD autonomous charging station jointly developed with Wisson Technology, and the Shurui surgical robot—deployed at Peking University Shougang Hospital—which has already performed clinical surgeries. Meanwhile, Shoucheng will officially open its first “Robotics 4S Store” at Beijing Rongshi Plaza during the National Day holiday, showcasing and selling robotics products to the public. This retail hub will integrate experience, application, and consumer interaction, bridging the gap from industrialization to consumer adoption.Shoucheng Holdings stated that going forward, it will leverage full-chain synergies across capital, technology, and application scenarios to further enhance its integration capability and influence in the global robotics industry. The company aims to support China’s robotics sector in achieving independent control and accelerated development, contributing to the country’s ambition of becoming a global technology leader.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
Emerging designers take the spotlight at YDC 2025
HONG KONG, Sep 8, 2025 - (ACN Newswire via SeaPRwire.com) – Organised by the Hong Kong Trade Development Council (HKTDC) and sponsored by the Hong Kong Special Administrative Region Government's Cultural and Creative Industries Development Agency (CCIDA)*, Asia’s annual fashion extravaganza CENTRESTAGE concluded successfully on Saturday, 6 September. The highlight of the closing evening was the grand finale of the Hong Kong Young Fashion Designers’ Contest 2025 (YDC), where 10 up-and-coming local fashion designers presented their highly original collections.Featuring a diverse range of styles, this year’s YDC finalists combined boundary-pushing creativity with refined traditional craftsmanship, perfectly echoing the contest’s theme, “How ‘Bout You'”. Contestants were encouraged to boldly express their personal visions and dreams through fashion, unleashing creativity while courageously pursuing their goals. The evening welcomed a legion of celebrities and artists including Marf@COLLAR, Tiger@MIRROR, Janet Ma, Kayla Wong, Irisa Wong, Lagchun, Bruce Tong, Ka Lai, Madboii, Zelos Wong, Brian Chan, Saito Chong and Ocean On, adding glamour and excitement to the competition as they watched the runway show and cheered on the 10 finalists.After careful deliberation, a panel of professional judges selected four major award winners from the finalists’ collections. Chung Ka-ching, Tiger emerged as Champion, receiving a cash prize of HK$60,000, an overseas study trip sponsored by Fang Brothers Knitting Ltd and a HK$3,000 CASETiFY gift voucher. In addition, Lau Hei-nga received the Excellence Award and Best Art Direction Award, securing a cash prize of HK$40,000, an overseas study trip sponsored by MINI HK and a HK$2,000 CASETiFY gift voucher for the former, and collecting a five-day course at VOGUE College of Fashion in London and an overseas study trip sponsored by VOGUE Hong Kong, with a total value of HK$30,000, plus a HK$1,000 CASETiFY gift voucher, for the latter. The “My Favourite Collection” Award, decided by public voting, went to Yip Wai-lam, Mook, who was awarded a HK$20,000 Lee Gardens Area e-Gift Certificate sponsored by Hysan Development and a HK$1,000 CASETiFY gift voucher.The full list of winners from YDC 2025 is as follows:Champion: Chung Ka-ching, Tiger; Design: “Bior”Excellence Award: Lau Hei-nga; Design: “In Pain”Best Art Direction Award: Lau Hei-nga; Design: “In Pain”My Favourite Collection Award: Yip Wai-lam, Mook; Design: “Modern Animals”Chung Ka-ching, Tiger, winner of the Champion title, presented a collection titled “Bior”, which is a pun on a classic fashion brand. She uses bootleg design techniques to cleverly fuse the rugged elements of grassroots street life with the refined silhouettes of high fashion. This subverts traditional fashion narratives and prompts viewers to reflect on class and aesthetics. Her “Bior” collection is not only a playful take on a luxury brand but also symbolises a challenge to the boundaries of mainstream fashion. Receiving the award, Ms Chung remarked: “I am truly overwhelmed by winning – a mix of surprise and excitement. I believe the YDC is absolutely an important platform for local fashion designers to step onto the international stage. It is the largest stage for emerging talent in Hong Kong and a crucial springboard for designers. Not only does it give the new generation greater exposure, but it also enables us to further develop and amplify our brands and creative visions.”Excellence Award and Best Art Direction winner Lau Hei-nga presented the collection “In Pain”, which reveals the blurred boundaries between agony and ecstasy. This sensory experience is deeply connected to her lifelong battle with eczema – the fleeting pleasure of scratching, followed by blood, wounds and scars, with the physical and emotional tug-of-war forming the core inspiration for her creations. Receiving the award, Ms Lau shared: “I am truly thrilled to receive this award, especially after investing so much time in preparing my collection. At the same time, I have gained immensely from the YDC. With its diverse and far-reaching audience, the contest has allowed many more people to discover my brand and my work.”The “My Favourite Collection” Award, decided by public voting, was won by Yip Wai-lam, Mook for the collection “Modern Animals”, which fuses human and animal characteristics to create a monstrous aesthetic that depicts the workplace as an urban jungle. Upon being presented with the award, Mr Yip said: “My biggest takeaway from participating in the YDC this year has been learning to embrace both success and failure with peace of mind. At the same time, the competition is more than just a platform for recognition – it is a significant stage where fashion designers at different stages in their careers can discover themselves and grow to their full potential. For every new-generation designer, the YDC is a platform that encourages us to shine.”International judge delighted to see Hong Kong nurturing the next generation of designersThis year’s YDC featured a distinguished judging panel comprising seasoned professionals from the fashion industry and media. The panel was chaired by Katherine Fang, Chairlady of the HKTDC Garment Advisory Committee, who served as Chief Judge. The VIP Judge role was taken up by Charles Jeffrey, founder and designer of acclaimed UK fashion label Charles Jeffrey LOVERBOY. Overseas Judge Acielle Tanbetova, founder of international street-style platform STYLE DU MONDE, also joined the panel. Other esteemed judges included Ingrid Chen Mandonnaud, Vice President of Global Brand Marketing and Communications at the Rosewood Hotel Group; Jonathan Lee, Co-founder of brand consultancy The Molecule; Cherry Mui, Style and Fashion Content Director of VOGUE Hong Kong; and Tracey Cheng, Vice President of Merchandise Planning and Business Development at I.T.VIP Judge Mr Jeffrey expressed his appreciation for the young contestants and their inspirations. “I think the YDC is fantastic. It’s amazing how Hong Kong nurtures its young design talents, giving them a major platform to showcase their work to international audiences and industry figures like myself. Personally, I found it inspiring to see how openly they shared their research and inspirations. It was truly inspiring,” he said.Mentoring the YDC contestants this year were Victoria Tang-Owen, Founder & Creative Director of Thirty30 Creative and Victoria Tang Studio, and Artistic & Cultural Director of Shanghai Tang, together with Kit Wan, Founder & Designer of Kit Wan Studio. Drawing on their extensive industry experience, the pair provided valuable guidance to the 10 finalists throughout the competition.Marf@COLLAR ignites the stage with alumni YDC designersFor the ninth consecutive year, MINI Hong Kong has been proud to serve as a major sponsor of the YDC. This year, the brand collaborated with two alumni YDC designers, Jesse Lee (JESSE LEE) and Viki Tsang (GNASTIY.COM), together with singer Marf@COLLAR, to stage a spectacular fashion performance alongside the debut of the all-new 2025 MINI Convertible. The collaboration embodied MINI’s next-generation design aesthetics and its vision for sustainable and environmentally friendly innovation.Photo download: http://bit.ly/3V7Ht6ZJonathan Lee (first left), Co-founder of brand consultancy The Molecule; Acielle Tanbetova (second left), founder of international street-style platform STYLE DU MONDE; Ingrid Chen Mandonnaud (third left), Vice President of Global Brand Marketing and Communications at the Rosewood Hotel Group; Raymond Tan (fourth left), Managing Director of BMW Hong Kong Services Ltd; Sophia Chong (fifth left), HKTDC Deputy Executive Director; Charles Jeffrey (seventh left), founder and designer of acclaimed UK fashion label Charles Jeffrey LOVERBOY; Katherine Fang (eighth left), Chairlady of the HKTDC Garment Advisory Committee; Cherry Mui (second right), Style and Fashion Content Director of VOGUE Hong Kong; and Tracey Cheng (first right), Vice President of Merchandise Planning and Business Development at I.T. were pictured with the three YDC 2025 winners.ChampionDesigner: Chung Ka-ching, TigerDesign: “Bior”The design: “Grassroots labourers are often excluded from the mainstream fashion narrative. By translating their traces into couture’s coded language, it compels audiences to reexamine the relationship between fashion and class hierarchies.”“Bior” uses humour to merge haute couture tailoring with the coarse details of grassroots life –for example, reimagining fan covers as ornate hats, mimicking the texture of plastic bags, or incorporating the clashing colours of neon lights. The designs capture the dynamics and emotional tensions of labourers, while deconstructed tailoring and exaggerated proportions express both the desolation and vitality of street life. Through this satirical yet profound fashion language, Chung reveals how grassroots labourers are excluded from the fashion narrative and seeks to reconstruct traces of their existence through the visual vocabulary of high fashion.Prizes: Cash prize of HK$60,000, an overseas study trip sponsored by Fang Brothers Knitting Ltd and a HK$3,000 CASETiFY gift voucher.Excellence Award and Best Art Direction AwardDesigner: Lau Hei-ngaDesign: “In Pain”The design: “When we experience pain, our brains respond by releasing these happy chemicals, which can evoke feelings of euphoria.”“In Pain” expresses the complexity of pain through textures and colours, using synthetic skin and layered tailoring to mimic wounds and scars. At the same time, sensual and feminine silhouettes – with smooth curves and tight cuts – suggest the allure of pleasure. The designs incorporate aesthetic elements: knots evoking a sense of restraint, sharp metallic embellishments contrasting with soft leather, weaving a visual language that is both conflicting and harmonious. By incorporating her personal experience with eczema into her designs, Lau turns clothing into a vessel for pain and pleasure, challenging perceptions of sensation and beauty.Prizes (Excellence Award): Cash prize of HK$40,000, an overseas study trip sponsored by MINI HK and a HK$2,000 CASETiFY gift voucher.Prizes (Best Art Direction Award): A five-day course at VOGUE College of Fashion in London and an overseas study trip sponsored by VOGUE Hong Kong, with a total value of HK$30,000, and a HK$1,000 CASETiFY gift voucher.My Favourite Collection AwardDesigner: Yip Wai-lam, MookDesign: “Modern Animals”The design: “The workplace feels like a stage in the food chain, where instincts of competition and survival come alive.”The collection of “Modern Animals” features shirts, trousers and suits as its foundation, incorporating various office symbols to create dynamic silhouettes of the workers. Drawing inspiration from the collision between animals’ primal power and the coldness of urban life, the designs feature grotesque cuts and contrasting materials to showcase the diverse faces of workers from the bottom to the top, and their physical and mental exhaustion as they toil like animals in this concrete jungle. Prizes: HK$20,000 Lee Gardens Area e-Gift Certificate sponsored by Hysan Development and a HK$1,000 CASETiFY gift voucher.Marf@COLLAR(wearing GNASTIY.COM)Tiger@MIRROR(wearing MARCCH)Pictured from right to left: Janet Ma, Kayla Wong and Irisa WongLagchun(wearing MOODLABBYLORRAINE)Bruce Tong(wearing NONOBO)Ka Lai(wearing Genau Studio)Madboii(wearing Murfi Lau)Zelos Wong(wearing MOODLABBYLORRAINE)Brian Chan(wearing NEVIDEBLA)Saito Chong(wearing MOODLABBYLORRAINE)Ocean On(wearing MOODLABBYLORRAINE)Shin Wong (left) and Irving Cheung (right) Declan ChanYu Masui MINI x Jesse Lee(JESSE LEE)/Viki Tsang (GNASTIY.COM) collaboration seriesFor the ninth consecutive year, MINI HK was the major sponsor of the YDC. This year, the brand collaborated with two alumni YDC designers, Jesse Lee (JESSE LEE) and Viki Tsang (GNASTIY.COM), to present a fashion collection inspired by its latest 2025 MINI Convertible, showcasing MINI’s next-generation design aesthetics and commitment to sustainable innovation. MINI x Jesse Lee (JESSE LEE)A surreal fusion of Edwardian elegance and rebellious futurism, “Nine Lives Odyssey” reimagines the whimsical, psychedelic cat illustrations of Louis Wain through a lens of sustainable innovation and gender-fluid design. Drawing from Wain’s anthropomorphic feline art and the refined sportswear of the Edwardian era, the collection blends structured tailoring with playful deconstruction.MINI x Viki Tsang (GNASTIY.COM)The Spring/Summer 2026 collection of GNASTIY.COM reflects on authenticity within digital illusion. Inspired by social media filters, the brand translates digital visual codes into real-world garment constructions. Print techniques disrupt surface expectations, blurring the tactile identity of the fabrics. 3D printing, a GNASTIY.COM signature, appears in sculptural detail work, merging seamlessly with a hybrid of materials to articulate a distinctly futuristic and digitally charged fashion vocabulary.FASHIONALLY COLLECTIONSAs a platform dedicated to nurturing local fashion talents, FASHIONALLY.COM staged four shows during CENTRESTAGE including FASHIONALLY COLLECTION #25, FASHIONALLY Presentation: LAPEEWEE, FASHIONALLY Presentation: MOODLABBYLORRAINE, and FASHIONALLY Presentation: KOWLOON CITY BOY. The three “Presentation” shows featured immersive stage installations that allowed audiences to step inside the creative worlds of the brands. In addition, previous contestants from the Hong Kong Young Fashion Designers’ Contest (YDC) took part in exhibitions and other runway shows during the fair, including Derek Chan (DEMO) and Max Tsang (IP AXIS INDUSTRIAL STUDIO). FASHIONALLY COLLECTION #25 phenotypsetter / Theme: “Curated Fluidity”MARCCH / Theme: “Transition”Oplus2 / Theme: “Shape Me Up”OUS / Theme: “Exoskeleton”FASHIONALLY Presentation: LAPEEWEETheme: Baroque Dream LAPEEWEE’s Spring/Summer 2026 collection, “Baroque Dream”, draws inspiration from the opulence of Baroque aesthetics, reinterpreted through the lens of modern casualwear. This womenswear collection features a harmonious blend of plaid, denim and lace, creating a balance between elegance and comfort.Dynamic details such as knots and drawstrings inject movement and energy into the designs. The use of corset-inspired silhouettes accentuates the female form, while Dutch-style oversized collars trimmed with lace add a touch of romantic refinement.“Baroque Dream” not only preserves the luxurious essence of the Baroque era but also celebrates the confidence and individuality of modern women, offering a wardrobe that is both stylish and expressive.FASHIONALLY Presentation: MOODLABBYLORRAINETheme: LIBRA ANIMA VESTRAMOODLABBYLORRAINE’s Spring/Summer 2026 collection, “LIBRA ANIMA VESTRA”, translates from Latin as “Free Your Soul”. This collection tells the story of a liberating summer road trip along Route 66 in America, where the highlight is hopping between music festivals –a celebration of self-expression through rhythm and movement.Deeply inspired by bohemian and cowboy culture, the collection merges free-spirited artistry with rugged Western elements, creating a vibrant and expressive aesthetic. Through its designs, the collection encourages wearers to reconnect with themselves – through speed, music, and cultural exploration – and to embrace fashion as a medium of personal liberation.FASHIONALLY Presentation: KOWLOON CITY BOYTheme: CLUB HEART BROKENKOWLOON CITY BOY’s Spring/Summer 2026 collection, “CLUB HEART BROKEN”, set in a retro locker room after the party ends, “explores the aftermath of love and longing”. The collection introduces a cast of characters: wild beasts in fur and leather, fragile “baby bears” in checks, and hopeless romantics with embroidered love letters and shattered hearts. Opposing them are sports boys in deconstructed jerseys and distressed gear – love as a contact sport.Through bold contrasts – fur with plaid, leather with embroidery, sportswear with shredded fabrics – KOWLOON CITY BOY turns heartbreak into a uniform and loneliness into a badge of survival.Websites- CENTRESTAGE: www.centrestage.com.hk- Hong Kong Young Fashion Designers’ Contest (YDC): www.fashionally.com/en/YDC- Background information, collection details and photos of the 10 YDC finalists are available for download at this link: YDC 2025Media 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 & 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 Media Room: https://mediaroom.hktdc.com/enAbout YDCThe YDC aims to promote a new generation of local design talent, while creating opportunities to showcase their collections in front of global and local industry professionals at CENTRESTAGE. Organised by the HKTDC, the contest is considered one of the most prestigious events of its kind in the region, with a successful track record of past contestants becoming leading designers for fashion enterprises or establishing their own labels. To further promote the international visibility of local Hong Kong designers, in 2012 the HKTDC launched FASHIONALLY.com, an online platform that showcases the work of local labels and talents and links them with glob8al industry insiders and opportunities.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
Radisson Continues to Expand Scope of Gold Mineralization at O’Brien with Latest Drill Results
Rouyn-Noranda, Quebec--(ACN Newswire via SeaPRwire.com - September 8, 2025) - Radisson Mining Resources Inc. (TSXV: RDS) (OTCQB: RMRDF) ("Radisson" or the "Company") is pleased to announce assay results from fifteen new drill holes completed at its 100%-owned O'Brien Gold Project ("O'Brien" or the "Project") located in the Abitibi region of Québec. The fifteen holes represent step-outs below the existing geological model, east of the historic O'Brien Gold Mine (Figure 1) and are outside the scope of the recently completed Preliminary Economic Assessment ("PEA", see Radisson news release dated July 9, 2025). All holes intersected gold mineralization in characteristic quartz-sulphide-gold veins, and thirteen of the holes returned intercepts with grades and thicknesses consistent with the Project's existing mineral resources. These results continue to expand the scope of the Project's known gold mineralization. Highlights include:OB-24-363 intersected 8.41 grams per tonne ("g/t") gold ("Au") over 2.2 metres, including 14.40 g/t Au over 1.2 metres and 9.07 g/t Au over 1.8 metres, including 12.10 g/t Au over 0.9 metres;OB-24-354 intersected 7.95 g/t Au over 2.30 metres, including 14.85 g/t Au over 1.0 metre;OB-24-364 intersected 12.75 g/t Au over 1.4 metres and 11.15 g/t Au over 1.50 metres;OB-24-361 intersected 3.50 g/t Au over 5.0 metres, including 8.96 g/t Au over 1.28 metres, and 15.10 g/t Au over 1.0 metre; andOB-25-371W1 intersected 5.66 g/t Au over 3.0 metres, including 9.97 g/t Au over 1.5 metres.Matt Manson, President & CEO, commented: "Our ongoing drilling at the O'Brien Project is focussed on "proof-of-concept" step-outs designed to test the full scope of the Project beyond previous drilling. We recently released the latest results from drilling beneath the historic O'Brien gold mine where we have been delineating multiple high-grade gold-bearing veins over a large area up to 500 metres below the base of the historic workings. Today's news release shows results from drill holes located to the east of the historic mine, and below the existing mineral resources. Of note, several of the holes represent deep step-outs below our "Trend #2", pushing the scope of known mineralization downwards by up to 300 metres in this important area. Our Exploration Target at O'Brien is between 3 and 4 million ounces of gold in 15 to 20 million tonnes at between 4.5 and 8.0 g/t Au. This is based on the proposition that O'Brien's mesothermal gold mineralization continues to an exploration horizon of 2 kilometres depth. Today's results continue to support this thesis. With the recent completion of our high-value, but "snap-shot", PEA, our focus is on aggressive exploration and resource growth. Four rigs are currently active at the Project and drilling continues."The reader is cautioned that the potential quantity and grade of an Exploration Target is conceptual in nature, there has been insufficient exploration to define a mineral resource and that it is uncertain if further exploration will result in the target being delineated as a mineral resource.Figure 1: Long Section and Plan View of Gold Vein Mineralization and Mineral Resources at the O'Brien Gold Project, with Today's Drill Holes IllustratedTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/10977/265432_bb2e887f64ce98f8_001full.jpgTable 1: Assay Results from Drill Holes OB-24-352 to OB-25-375DDHZone From (m) To (m) Core Length (m) Au g/t - Uncut Host LithologyOB-24-352Trend #2 521.0522.01.0013.10PON-S3 703.0704.51.503.73S1POB-24-353Trend #1 70.071.51.503.51PON-S3 160.9162.01.143.24S1P 191.0194.33.303.70TXIncluding192.0193.01.006.28TXOB-24-354Trend #0 232.0 234.3 2.3 7.9 S1P Including 232.0 233.0 1.0 14.9 S1P 302.7304.01.36.4V3-NOB-24-355Trend #3 432.4433.71.303.91S1P 466.8468.92.103.49V3-NOB-24-359W1Trend #3 429.3430.81.503.88V3-S 495.0496.01.0011.20S3POB-24-361Trend #3 195.5196.51.004.46PON-S3 572.4 573.4 1.00 15.10 V3-S 633.0 638.0 5.00 3.50 V3-S Including 633.0 634.3 1.28 8.96 S1P/POR-N OB-24-363Trend #2 194.5195.91.406.04PON-S3 910.0911.01.007.65PON-S3 1,199.7 1,201.9 2.20 8.41 V3-S Including 1,200.7 1,201.9 1.20 14.40 V3-S 1,231.3 1,233.1 1.80 9.07 POR-S Including 1,232.2 1,233.1 0.90 12.10 POR-S OB-25-363W1Trend #2 1,037.01,038.41.404.16V3-S 1,056.51,058.01.504.04V3-SOB-24-364Trend #1 388.0 389.4 1.40 12.75 V3-CEN 402.5404.01.506.26S1P 413.2 414.7 1.50 11.15 POR-N OB-25-366Trend #2 619.0620.01.003.71PON-S3OB-25-371Trend #2 1,402.01,404.52.503.99POR-SIncluding1,402.01,403.01.005.54POR-N/V3-NOB-25-371W1Trend #2 1,058.5 1,061.5 3.00 5.66 PON-S3 Including 1,058.5 1,060.0 1.50 9.97 PON-S3 1,210.91,214.03.103.21V3-SOB-25-375Trend #3 538.0539.51.507.38S3pNotes on Calculation of Drill Intercepts:The O'Brien Gold Project Mineral Resource Estimate effective May 6, 2025 ("MRE") utilizes a 2.20 g/t Au bottom cutoff, a US$2,000 gold price, a minimum mining width of 1.2 metres, and a 40 g/t Au upper cap on composites. Intercepts presented in Table 1 are calculated with a 3.00 g/t Au bottom cut-off. True widths, based on depth of intercept and drill hole inclination, are estimated to be 30-80% of core length. Table 2 presents additional drill intercepts calculated with a 1.00 g/t bottom cut-off over a minimum 1.0 metre core length so as to illustrate the frequency and continuity of mineralized intervals within which high-grade gold veins at O'Brien are developed. Lithology Codes: PON-S3: Pontiac Sediments; V3-S, V3-N, V3-CEN: Basalt-South, North, Central; S1P, S3P: Conglomerate; POR-S, POR-N: Porphyry South, North; TX: Crystal Tuff; ZFLLC: Larder Lake-Cadillac Fault Zone. O'Brien Mineral Resource EstimatesThe Mineral Resource Estimate ("MRE") utilized in the recent O'Brien PEA comprises Indicated Mineral Resources of 0.58 million ounces (2.20 million tonnes at 8.2 g/t Au) and Inferred Mineral Resources of 0.93 million ounces (6.67 million tonnes at 4.4 g/t Au)1. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. This MRE, effective as of May 6, 2025, is based on the Project's March 2023 estimate re-blocked with an updated cut-off yielding more ounces and more tonnes at a lower average grade. As such, it is based on drilling completed only to the end of 2022. By the end of the current fully funded 50-60,000 drill program, an additional 90-100,000 metres of drilling will be available for an updated estimate, including a significant meterage of drilling outside the scope of the current MRE and the recent PEA mine design.Gold Mineralization at O'BrienGold mineralizing quartz-sulphide veins at O'Brien occur within a thin band of interlayered mafic volcanic rocks, conglomerates, and porphyritic andesitic sills of the Piché Group occurring in contact with the east-west oriented Larder Lake-Cadillac Break ("LLCB"). Gold, along with pyrite and arsenopyrite, is typically associated with shearing and a pervasive biotite alteration, and developed within multiple Piché Group lithologies and, occasionally, the hanging-wall Pontiac and footwall Cadillac meta-sedimentary rocks.As mapped at the historic O'Brien mine, and now replicated in the modern drilling, individual veins are generally narrow, ranging from several centimetres up to several metres in thickness. Multiple veins occur sub-parallel to each other, as well as sub-parallel to the Piché lithologies and the LLCB. Individual veins have well-established lateral continuity, with near-vertical, high-grade shoots developed over significant lengths. Based on the historic data available, it is clear that the former mine was "high-graded", with mining focussed on a main central stope and parallel veins identified but left undeveloped.The historic O'Brien mine produced over half a million ounces of gold from such veins and shoots at an average grade exceeding 15 g/t Au and over a vertical extent of at least 1,000 metres. Modern exploration has focussed on delineating well developed vein mineralization to the east of the historic mine, with additional high-grade shoots becoming evident in the exploration data over what has been described as a series of repeating trends ("Trend #s 0 to 5").Step-Out Drilling at O'BrienSince the end of 2024, Radisson has been pursuing a program of broad step-outs beneath the historic O'Brien Gold mine and the existing mineral resources designed to test the scope of mineralization at the Project. This drilling is accomplished with pilot holes followed by wedges and directional drilling to maximize drill efficiency. A particular focus has been the delineation of multiple high-grade veins beneath the historic mine workings of the O'Brien mine with a series of wedge-extensions drilled from the pilot hole OB-24-337, which intersected 242.0 g/t Au over 1.0 metre within a mineralized interval that averaged 31.24 g/t Au over 8.0 metres at approximately 1,500 metres vertical depth. Assay results from a total of 7 wedges from OB-24-337 have now been reported and up to six gold-bearing veins have been delineated over an area of approximately 250 metres (east-west) by 250 metres (vertical). These veins appear to correspond to veins mapped at the base of the historic mine at 1,000 metres deep, approximately 300 to 500 metres above the new intercepts (see Radisson news release dated July 16, 2025). Current drilling in this area is focussed on infilling with pilot holes and wedge extensions both above and below the OB-24-337 pattern of branches to test the full continuity of mineralisation from the historic mine down to 2 kilometres depth.Step-out drilling with wedge extensions has also confirmed high-grade mineralization 170 metres below the base of the existing mineral resources at Trend #1, including pilot hole OB-24-324 which intersected 27.61 g/t Au over 6.0 metres (see Radisson news release dated October 30, 2024).Today's results include pilot holes and wedges with high-grade mineralization located up to 300 metres below previous drill intercepts at Trend #2 and showing good continuity with the mineral resource model above (Figure 2). These drill holes include OB-24-363 which intersected 8.41 g/t Au over 2.20 metres including 14.40 g/t Au over 1.20 metres and 9.07 g/t Au over 1.80 metres including 12.10 g/t Au over 0.90 metres. Three separate drill-holes were located at or close to the base of the existing mineral resources at Trend #3, including OB-24-361 which intersected 15.10 g/t Au over 1 metre and 3.50 g/t Au over 5.0 metres including 8.96 g/t Au over 1.28 metres. These new drill intercepts extend the scope of known gold mineralization at O'Brien, which remains open to depth along the full 5 kilometre length of the property.QA/QCAll drill cores in this campaign are NQ in size. Assays were completed on sawn half-cores, with the second half kept for future reference. The samples were analyzed using standard fire assay procedures with Atomic Absorption (AA) finish at ALS Laboratory Ltd, in Val-d'Or, Quebec. Samples yielding a grade higher than 10 g/t Au were analyzed a second time by fire assay with gravimetric finish at the same laboratory. Mineralized zones containing visible gold were analyzed with metallic sieve procedure. Standard reference materials, blank samples and duplicates were inserted prior to shipment for quality assurance and quality control (QA/QC) program.Qualified Persons Disclosure of a scientific or technical nature in this news release was prepared under the supervision of Mr. Richard Nieminen, P.Geo, (QC), a geological consultant for Radisson and a Qualified Person for purposes of NI 43-101. Mr. Luke Evans, M.Sc., P.Eng., ing, of SLR Consulting (Canada) Ltd., is the Qualified Person responsible for the preparation of the MRE at O'Brien. Each of Mr. Nieminen and Mr. Evans is independent of Radisson and the O'Brien Gold Project.About Radisson MiningRadisson is a gold exploration company focused on its 100% owned O'Brien Gold Project, located in the Bousquet-Cadillac mining camp along the world-renowned Larder-Lake-Cadillac Break in Abitibi, Québec. A July 2025 Preliminary Economic Assessment described a low cost and high value project with an 11-year mine life and significant upside potential based on the use of existing regional infrastructure. Indicated Mineral Resources are estimated at 0.58 million ounces (2.20 million tonnes at 8.2 g/t Au), with additional Inferred Mineral Resources estimated at 0.93 million ounces (6.67 million tonnes at 4.4 g/t Au). Please see the NI 43-101 "O'Brien Gold Project Technical Report and Preliminary Economic Assessment, Québec, Canada" effective June 27, 2025, and other filings made with Canadian securities regulatory authorities available at www.sedarplus.ca for further details and assumptions relating to the O'Brien Gold Project.Figure 2: Cross Section through "Trend #2" with Drill Holes OB-24-352,363, OB-25-363W1,371 and 371W1To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/10977/265432_bb2e887f64ce98f8_002full.jpgTable 2: Detailed Assay Results (see "Notes on Calculation of Drill Intercepts")DDHZone From (m) To (m) CorG LGngth (m) Au g/t - Uncut Host LithologyOB-24-352Trend #2 248.0249.01.001.17PON-S3 521.0 522.0 1.00 13.10 PON-S3 648.0649.51.501.46V3-S 694.7697.52.801.79V3-CEN 703.0 704.5 1.50 3.73 S1P 724.1725.51.401.32POR-SOB-24-353Trend #1 26.528.01.502.24PON-S3 58.761.02.302.05PON-S3 70.0 71.5 1.50 3.51 PON-S3 134.5135.91.401.90V3-S 153.1156.02.901.09POR-S 160.9 162.0 1.14 3.24 S1P 165.5166.51.001.13S1P 180.9181.91.041.98S1P 184.4185.71.291.15POR-N 191.0 194.3 3.30 3.70 TXIncluding 192.0 193.0 1.00 6.28 TX 197.0198.01.002.11V3-N 203.7204.50.822.30V3-NOB-24-354Trend #0 203.0203.90.901.51POR-S 232.0 234.3 2.30 7.95 S1P Including 232.0 233.0 1.00 14.85 S1P 244.0245.31.301.61S1P 250.0251.01.001.14S1P 264.5265.61.131.21S1P 279.7282.02.301.68TX 302.7 304.0 1.30 6.39 V3-N OB-24-355Trend #3 308.6309.71.101.04PON-S3 401.5403.01.501.09V3-S 432.4437.71.591.59S1PIncluding 432.4 433.7 1.30 3.91 S1P 440.9442.01.101.87V3-N 466.8 468.9 2.10 3.49 V3-N 473.2474.21.001.18V3-NOB-24-359W1Trend #3 429.3 430.8 1.50 3.88 V3-S 465.3466.31.001.69S1P 495.0 496.0 1.00 11.20 S3POB-24-361Trend #3 195.5 196.5 1.00 4.46 PON-S3 215.5216.51.002.01PON-S4 413.0414.11.101.34PON-S5 481.5483.01.501.05PON-S6 514.0515.51.501.09V3-S 572.4 573.4 1.00 15.10 V3-S 633.0 638.0 5.00 3.50 V3-SIncluding 633.0 634.3 1.28 8.96 S1P/POR-N 639.0642.33.301.43S1POB-24-362Trend #1 432.2433.51.252.16POR-N 444.5446.01.501.70TXOB-24-363Trend #2 194.5 195.9 1.40 6.04 PON-S3 907.7909.01.301.03PON-S3 910.0 911.0 1.00 7.65 PON-S3 1,199.7 1,201.9 2.20 8.41 V3-SIncluding 1,200.7 1,201.9 1.20 14.40 V3-S 1,215.21,216.41.201.42V3-S 1,231.3 1,233.1 1.80 9.07 POR-SIncluding 1,232.2 1,233.1 0.90 12.10 POR-S 1,286.51,287.51.002.91V3-NOB-25-363W1Trend #2 877.0878.31.301.43TX 910.6912.11.501.59PON-S3 1,034.01,035.01.001.02PON-S3 1,037.0 1,038.4 1.40 4.16 V3-S 1,042.61,044.01.401.93V3-S 1,045.71,046.71.002.17V3-S 1,052.61,059.36.701.78V3-SIncluding 1,056.5 1,058.0 1.50 4.04 V3-S 1,186.01,187.51.502.10V3-SOB-24-364Trend #1 164.0165.51.501.41PON-S3 371.0376.55.501.01POR-S 388.0 389.4 1.40 12.75 V3-CEN 402.5 404.0 1.50 6.26 S1P 408.5409.91.401.40S1P 413.2 414.7 1.50 11.15 POR-N 440.7442.01.302.32V3-NOB-25-365Trend #1 379.0380.51.501.40V3-S 428.5429.71.202.85POR-S 469.0473.54.501.28POR-N 502.5504.01.501.35S3pOB-25-366Trend #3 601.0602.51.501.34PON-S3 619.0 620.0 1.00 3.71 PON-S3 811.9818.16.251.21V3-CEN/S1p/POR-NOB-25-371Trend #2 1,306.01,307.51.501.86V3-N 1,310.51,312.01.501.36S3p 1,326.01,327.01.001.48V3-S 1,335.01,338.03.001.67V3-S 1,370.51,375.24.701.07POR-S 1,402.0 1,404.5 2.50 3.99 POR-SIncluding 1,402.0 1,403.0 1.00 5.54 POR-N/V3-N 1,405.51,406.51.001.14S3pOB-25-371W1Trend #2 1,058.5 1,061.5 3.00 5.66 PON-S3Including 1,058.5 1,060.0 1.50 9.97 PON-S3 1,210.9 1,214.0 3.10 3.21 V3-S 1,216.01,218.52.501.86V3-S 1,265.51,267.01.502.52V3-S 1,272.71,274.21.501.08V3-S 1,287.51,298.010.501.29POR-S 1,323.01,324.51.501.45S1p 1,327.61,328.71.102.41POR-N 1,366.51,368.01.501.14ZFLLCOB-25-375Trend #3 538.0 539.5 1.50 7.38 S3p 675.0676.01.001.56S3p 754.0755.51.501.25PON-S3 876.5878.01.502.41PON-S3 882.5886.03.501.36V3-S Table 3: Drill Hole Collar Information for Holes contained in this News ReleaseTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/10977/265432_a2bf4d99d4dc3aa5_007full.jpgNotes:Hole lengths for wedges represent meterage from point of wedge.For more information on Radisson, visit our website at www.radissonmining.com or contact:Matt MansonPresident and CEO416.618.5885mmanson@radissonmining.comKristina PillonManager, Investor Relations604.908.1695kpillon@radissonmining.comForward-Looking StatementsThis news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections, and interpretations as at the date of this news release. Forward-looking statements including, but are not limited to, statements with respect to the ability to execute the Company's plans relating to the O'Brien Gold Project as set out in the Preliminary Economic Assessment; the Company's ability to complete its planned exploration and development programs; the absence of adverse conditions at the O'Brien Gold Project; the absence of unforeseen operational delays; the absence of material delays in obtaining necessary permits; the price of gold remaining at levels that render the O'Brien Gold Project profitable; the Company's ability to continue raising necessary capital to finance its operations; the ability to realize on the mineral resource and mineral reserve estimates; assumptions regarding present and future business strategies, local and global geopolitical and economic conditions and the environment in which the Company operates and will operate in the future;, planned and ongoing drilling, the significance of drill results, the ability to continue drilling, the impact of drilling on the definition of any resource, and the ability to incorporate new drilling in an updated technical report and resource modelling; the Company's ability to grow the O'Brien Gold Project; the ability to negotiate and execute an arrangement with IAMGOLD related to the Doyon Mill on satisfactory terms or at all; and the ability to convert inferred mineral resources to indicated mineral resources. Any statement that involves discussions with respect to predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "interpreted", "management's view", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward-looking statements Forward-looking information is based on estimates of management of the Company, at the time it was made, involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the companies to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others; the risk that the O'Brien Gold Project will never reach the production stage (including due to a lack of financing); the Company's capital requirements and access to funding; changes in legislation, regulations and accounting standards to which the Company is subject, including environmental, health and safety standards, and the impact of such legislation, regulations and standards on the Company's activities; price volatility and availability of commodities; instability in the global financial system; the effects of high inflation, such as higher commodity prices; the risk of any future litigation against the Company; changes in project parameters and/or economic assessments as plans continue to be refined; the risk that actual costs may exceed estimated costs; geological, mining and exploration technical problems; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing; risks relating to the drill results at O'Brien; the significance of drill results; and the ability of drill results to accurately predict mineralization. Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions, the parties cannot assure shareholders and prospective purchasers of securities that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither the Company nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. The Company believes that this forward-looking information is based on reasonable assumptions, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this press release should not be unduly relied upon. The Company does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law. These statements speak only as of the date of this news release.Please refer to the "Risks and Uncertainties Related to Exploration" and the "Risks Related to Financing and Development" sections of the Company's Management's Discussion and Analysis dated April 29, 2025 for the years ended December 31, 2024, and the Company's Management's Discussion and Analysis dated August 27, 2025 for the three-months ended June 30, 2025, all of which are available electronically on SEDAR+ at www.sedarplus.ca. All forward-looking statements contained in this press release are expressly qualified by this cautionary statement.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.________________________1 NI 43-101 "O'Brien Gold Project Technical Report and Preliminary Economic Assessment, Québec, Canada" effective June 27, 2025.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/265432 Copyright 2025 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
European Dairy Exports from Ireland to Asia Top EUR440 Million in 2024 as Ireland Launches EUR3.2 Million EU Campaign to Strengthen Partnerships
Grass-fed provenance and advanced R&D connect European dairy from Ireland with Singapore’s food innovation ecosystem and regional HQsSINGAPORE, Sept 8, 2025 - (ACN Newswire via SeaPRwire.com) - Building on the success of the European dairy exports from Ireland to Asia, which exceeded €440 million in 2024, the European Union and Ireland today launched the “European Dairy – Ireland, Where Nature Meets Science” campaign. This €3.2 million co-funded investment aims to strengthen Asia’s nutrition pipeline and foster long-term trade partnerships. Positioning Singapore as the regional hub, the three-year project running until 2028 will focus on building supply resilience, and driving new partnerships across Singapore, China, and Vietnam. Singapore stands at the heart of Asia’s food innovation and trade ecosystem. Its world-class safety standards, research infrastructure, and regional influence empower European dairy to meet Asia’s demand for sustainable, traceable, and science-driven ingredients in a volatile global market. Her Excellency Sarah McGrath, Ambassador of Ireland to Singapore, said,“This campaign is a symbol of Ireland’s commitment to strengthening the bridges between Europe and Asia. By launching in Singapore, we are reinforcing not only a vital trade relationship but also our shared pursuit of innovation, research, and sustainable development in food. Ireland’s expertise in science-driven agriculture, combined with Asia’s leadership in food innovation, creates an opportunity to deepen trust and collaboration across sectors. This initiative reflects the spirit of partnership that will define the future of our cultural and economic ties.”Driving this mission is Bord Bia - the Irish Food Board, which champions the national and international growth of Ireland’s food, drink, and horticulture sectors. With a strategic network of offices across Europe, the Middle East, Africa, the United States, and Asia (Singapore, Shanghai, Tokyo), Bord Bia connects European producers from Ireland with priority partners in these key markets, strengthening trade links and fostering long-term collaboration.Lisa Phelan, Director for Southeast Asia and Australia and New Zealand at Bord Bia, explained, "Ireland’s grass-fed, sustainably produced dairy, supported by Origin Green, our pioneering national food and drink sustainability programme, brings provenance, quality, and science-driven innovation - but we cannot achieve impact alone. By collaborating with Singapore, which combines technological expertise, research capabilities, and regional market knowledge, we can secure Asia’s nutrition future with dairy that is trusted, traceable, and future-ready. This campaign exemplifies how Europe’s strengths and Asia’s innovation ecosystem can come together to drive sustainable, long-term food solutions."Europe’s Flagship for Sustainable Dairy - IrelandIn Europe, Ireland leads in sustainable dairy production, combining grass-fed farming at scale with advanced science and research and development. Key credentials include:90% of herds are grass-fed, unique globally at this scale.95% of processors are enrolled in Origin Green, the independently verified sustainability programme.Ranked second globally in the Food Security Index, underscoring safety and reliability.Home to the Dairy Processing Technology Centre, developing functional ingredients for infant formula, medical nutrition, and food innovation.The campaign aims to: Reaffirm European Dairy’s reputation as high-quality dairy suppliers 2. Provide traceable, science-driven ingredients 3. Connect Singaporean firms with European Union innovation pipelinesFor more information, visit https://european-dairy.eu. Media Contact:Wani DiwarkarE: wani@prbespoke.com Copyright 2025 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
Yuexiu REIT Disposes of 50% Interest in Yuexiu Financial Tower in Guangzhou and Reorganises the Remaining 50%
HONG KONG, Sep 8, 2025 - (ACN Newswire via SeaPRwire.com) – Yuexiu Real Estate Investment Trust (“Yuexiu REIT”, together with Yuexiu REIT Asset Management Limited, collectively known as the “REIT”; stock code: 405) today announced a strategic capital reorganisation plan to dispose of its 50% interest in Yuexiu Financial Tower (“the Property”) in Guangzhou to Guangzhou Yue Xiu Development Group Co., Ltd., the external transferee, at a consideration of approximately RMB3,433 million and effect an internal reorganisation of the remaining 50% interest. Following completion of the disposal and the internal reorganisation, Yuexiu REIT’s effective beneficial interest in Yuexiu Financial Tower in Guangzhou will be reduced to 49.495%, and the target companies will cease to be subsidiaries of Yuexiu REIT. Yuexiu Financial Tower will be regarded as a “qualified minority-owned property”, continuing to contribute income to the REIT.Reduce gearing and lower financing costsThe transaction and accompanying refinancing plan are intended to optimise Yuexiu REIT's capital structure and reduce its gearing ratio. The net proceeds from the disposal are expected to be approximately RMB2,300 million. Including the RMB3,000 million to be drawn from the new bank facility, the total proceeds of approximately RMB5,300 million will be fully applied towards the repayment of existing indebtedness. Management expects a significant reduction in interest expenses, distribution per unit (“DPU”) accretion and a decrease of the gearing ratio from 48.1% to approximately 41.2% upon the completion of the transaction and refinancing, improving the REIT's financial resilience and enhancing its long-term competitiveness.DPU accretive transaction and positive impact on Yuexiu REIT’s external credit ratingIt is expected that the disposal and the internal reorganisation, together with the refinancing, would lower Yuexiu REIT’s gearing ratio and interest expense, and, on a pro forma basis, result in an accretion to the total distributable income and DPU of the REIT. In addition, with the disposal and an optimised debt structure, the external credit rating of Yuexiu REIT is expected to improve, allowing it to employ diverse fundraising channels, including the offshore bond market, to support future development.Portfolio rebalancing and upgradeThe disposal represents a significant strategic decision for Yuexiu REIT to optimise its portfolio composition. Following the disposal, the proportion of Yuexiu REIT’s revenue from office properties will decrease from 55% to 46%, further enhancing Yuexiu REIT’s ability to withstand market cyclical fluctuations.Tap on potential advantages of partnering with Guangzhou Yue XiuFollowing the disposal, Yuexiu REIT will effectively be partnering with Guangzhou Yue Xiu as its joint venture partner in its ownership of Yuexiu Financial Tower in Guangzhou. Leveraging Guangzhou Yue Xiu’s credit, resources and reputation, Yuexiu Financial Tower in Guangzhou is expected to capture more favourable financing costs, further enhancing the yield of the Property. As a continuing minority shareholder, Yuexiu REIT stands to benefit from these improved financing conditions and the resulting uplift in investment returns.Yuexiu Financial Tower is located in the core area of Guangzhou Zhujiang New Town. The Property comprises a 68-storey above-ground Grade A office building and a 4-storey basement with 827 underground carpark spaces. For the six months ended 30 June 2025 and the year ended 31 December 2024, revenue of Yuexiu Financial Tower was RMB165 million and RMB362 million, respectively.For details, please refer to the REIT’s announcement dated 8 September 2025.About Yuexiu Real Estate Investment TrustYuexiu Real Estate Investment Trust (“Yuexiu REIT”) was listed on The Stock Exchange of Hong Kong Limited on 21 December 2005 and is the first listed real estate investment trust in the world which invests in real properties in the mainland of the People's Republic of China (the “PRC”). The current property portfolio of Yuexiu REIT comprises ten high quality properties, namely Guangzhou International Finance Center, White Horse Building, Fortune Plaza, City Development Plaza, Victory Plaza and Yuexiu Financial Tower located in Guangzhou, Yue Xiu Tower located in Shanghai, Wuhan Properties located in Wuhan (including Wuhan Yuexiu Fortune Centre and Starry Victoria Shopping Centre), Victory Business Centre located in Hangzhou and Yue Xiu Building located in Hong Kong, with a total area of ownership of approximately 1.184 million sq.m. All properties are located in the central business district of Guangzhou, Shanghai, Wuhan, Hangzhou and Hong Kong, the PRC, respectively. The categories of the properties include Grade-A offices, commercial complexes, retail business, hotel, serviced apartments and clothing wholesale market etc. Copyright 2025 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
Hong Kong Watch & Clock Fair, Salon de TIME end on a high note
- Two fairs attracted some 16,000 buyers on-site- Survey results indicate respondents consider the growth prospects for the watch industry in the following target sales markets to be promising or very promising in the next two years: the Middle East, Taiwan, Korea, Latin America, Australia, and ASEAN countries; smart watches are considered to have the most significant growth potential.HONG KONG, Sep 7, 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, successfully ended yesterday in physical fair format. Meanwhile, the Click2Match AI-driven business matching platform will remain open until 13 September, allowing global exhibitors and buyers to continue business discussions.Over the past five days, the physical fairs attracted some 16,000 trade buyers from 95 countries and regions on-site. Buyers from outside Hong Kong mainly came from Mainland China, Taiwan, India, Japan, the US, and ASEAN countries, including Indonesia, the Philippines, Singapore and Thailand. This highlights Hong Kong's pivotal position as a key global transshipment hub and sales centre for watches and clocks.Salon de TIME was open to the public for free for the second consecutive year. Together with CENTRESTAGE, which was held at the same time, the events attracted more than 19,000 public visits to purchase their favourite items. Around 400 watch and fashion brands were showcased on-site.HKTDC Deputy Executive Director Sophia Chong said: “The Hong Kong Watch & Clock Fair and Salon de TIME are annual highlights for the industry. This year, the events brought together over 650 exhibitors from 15 countries and regions. This year's exhibition featured pavilions from Guangzhou, Taiwan, the Swiss Independent Watchmakers Pavilion (SIWP), and the French pavilion by Francéclat. It also welcomed the return of exhibitors from Germany, Japan, Lebanon and the Netherlands. The number of brands at Salon de TIME reached a new post-pandemic high. Many exhibitors used the platform to launch innovative products showcasing exquisite craftsmanship, serving as a springboard for entering international and mainland markets. This underscores Hong Kong's vitality as a global hub for commerce and creativity.”She mentioned that a series of trade exhibitions will be held in the fall, including the HKTDC Hong Kong Electronics Fair (Autumn Edition) and electronicAsia, which will take place simultaneously from 13 to 16 October at the Hong Kong Convention and Exhibition Centre. Following these, the HKTDC Hong Kong International Lighting Fair (Autumn Edition) will be held from 27 to 30 October, and the Hong Kong International Outdoor and Tech Light Expo will run from 28 to 31 October, at the Hong Kong Convention and Exhibition Centre and AsiaWorld-Expo, respectively. All four exhibitions will adopt the EXHIBITION+ hybrid model, allowing global buyers and exhibitors to continue discussions online after the physical fairs.Survey indicates that markets such as the Middle East and East Asia are viewed optimisticallyDuring the exhibition, the HKTDC conducted a survey, interviewing some 920 exhibitors and buyers on-site. The aim was to understand global trends in the watch industry, as well as exhibitors' and buyers' perspectives on the industry's outlook and product trends.The survey results show that 59% of respondents expect overall sales to grow in the next 12 to 24 months, while 36% anticipate that sales will remain stable. Respondents considered the growth prospects for the watch industry in the following target sales markets to be promising or very promising in the next two years: the Middle East (82%), Taiwan (79%), Korea (78%), Latin America (76%), Australia (76%), and ASEAN countries (73%).Regarding product trends, 47% of respondents consider smart watches to have the most significant growth potential, followed by fashion watches (30%), and casual watches (26%).The twin watch fairs unveiled industry trends; EXHIBITION+ plays a roleSaat ve Saat, which has over 160 points of sale in Türkiye, attended the two watch fairs again this year. The company's production manager Yusuf Eyilmez stated: “Through the business matching meetings on the smart platform click2match, and the physical meetings at the fair, we have procured automatic mechanical watches from the Hong Kong exhibitor Dailywin Watch Products Mfg Ltd. The annual order value is expected to reach US$1 million.”Su & Co Trading Company from Myanmar sells fashion watches through both online and physical stores. The company founder Su Hnin Aye stated: “This year, we have purchased US$600,000 worth of branded watches at the fair and have identified two new watch brands to introduce to the Myanmar market. We will also sign a sole distributor agreement with a brand at the Swiss Independent Watchmakers Pavilion (SIWP), Mathey Tissot.”At the fair, Hong Kong exhibitor Dayton Industrial launched the new Watch2Care TCM smart watch. The company's director Paul Yuen said: “We have invented this smart watch featuring digital pulsation analysis with TCM (Traditional Chinese Medicine) reports for preventive healthcare. During the exhibition, we introduced the features of our revolutionary smart watch to hundreds of both local and international buyers. We have found potential distributors from Germany, Mainland China, Singapore and the US. We are also excited to have received collaboration invitations from a Swiss watch movement company and a buyer from Myanmar. We aim to achieve an on-site sales turnover of HK$1.5 million.”Last year, the German brand Lilienthal Berlin introduced the world's first wristwatch with a case made from recycled coffee grounds at Salon de TIME. This year, they have innovated once again by bringing a new eco-friendly watch with a dial made from recycled tea leaves. The company's management director Ruby Young stated: “The new watch has garnered media attention, attracting buyers from around the globe to our booth. We have successfully identified potential distributors from Bangladesh and Israel and are in discussions with buyers from Italy, Japan, Kazakhstan, Mainland China, the UAE, and the US.”Salon de TIME also featured several exhibitors showcasing “Guochao” series watches. This year, Sun International Concepts presented six renowned watch brands from Mainland China, including masterpieces by four independent watchmakers: Ma Xushu, Tan Zehua, Qian Guobiao, and Gong Xun. Company executive director David Sun mentioned that feedback from both the industry and the public is more enthusiastic compared to last year, and they have successfully found exclusive distributors at the fair to expand into the ASEAN market. Several watches were available for on-site retail purchase and the projected on-site sales are expected to reach six figures, representing a 10% increase over last year.The new zone Microbrands presents unique niche brands offering watches that are both affordable and stylish. First-time exhibitor and YouTube channel Watchcatavlog brought four microbrands. The channel’s founder Ciff Luk stated that they are in discussions with buyers from Canada, Taiwan, and the UAE regarding distributor collaborations. The brands also attracted numerous watch enthusiasts.For the second consecutive year, Salon de TIME was completely open to the public for free. Watch enthusiasts Jovi Ha, CK Hung and Ricky Tsang attended the event together and remarked: “This exhibition has truly broadened our horizons, allowing us to admire the exquisite craftsmanship of numerous high-quality brands all at once, and to have direct interaction with independent watchmakers. The diversity in watch styles available at the fair, along with their great value for money, led us to spend nearly HK$100,000 in total, purchasing multiple branded watches and leaving the event thoroughly satisfied.”Photo download: http://bit.ly/4gh0lu6The 44th HKTDC Hong Kong Watch & Clock Fair and the 13th Salon de TIME successfully concluded in physical fair format yesterday, attracting some 16,000 buyers from 95 countries and regions on-siteAs a highlight of Salon de TIME, World Brand Piazza presented nine world-class watch brandsSalon de TIME was open to the public for free for the second consecutive year, allowing attendees to visit, shop, and participate in on-site events This year's fair featured pavilions from Guangzhou, Taiwan, Francéclat from France, and the Swiss Independent Watchmakers Pavilion (above)The Hong Kong International Watch Forum (above) and Asian Watch Conference hosted various experts to share the latest trade data and industry trends from around the world, to discuss strategies for the global watch industry's supply chain, and to delve into the artistic concepts behind independent watchmaking and micro brands.Salon de TIME welcomed brands from Mainland China and several independent watchmakers to present their “Guochao” series watches, including Shanghai Watch, Sea-Gull, FIYTA and Zbioland.The 42nd Hong Kong Watch Design Competition featured an open group and a student group; celebrity Bowie Cheung served as a guest judge and attended the awards ceremony.The fair featured a variety of exciting activities, including a watch parade (as shown in the image), Smart Bidding, watch engraving demonstrations, and watch appreciation paired with tea art experiences; additionally, a lucky draw offered generous prizes.HKTDC and Hong Kong Tourism Board (Destination Partner) offered travel and hospitality support to overseas buyers and journalists, including an Aqua Luna boat ride (as shown in the image), Muslim-friendly visit programme to the Hong Kong Palace Museum and Kowloon Masjid, Plaza Premium Lounge passes, and cultural booths at the Networking Reception.Media enquiriesPlease contact the HKTDC’s Communications & Public Affairs Department:Johnny Tsui Tel: (852) 2584 4395 Email: johnny.cy.tsui@hktdc.org WebsitesHong Kong Watch & Clock Fair: hkwatchfair.hktdc.comSalon de TIME: hkwatchfair.hktdc.com/teAbout 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
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.
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
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.
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
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
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
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
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.
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
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
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
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.


















