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BCQ Achieves Dual Growth in 2024 Revenue and Net Profit Attributable to Shareholders

HONG KONG, Apr 7, 2025 - (ACN Newswire via SeaPRwire.com) - On the evening of March 21, Bank of Chongqing Co., Ltd. (Stock Codes: 601963.SH, 01963.HK, hereinafter referred to as "BCQ" or "the Bank") released its 2024 Annual Report. During the reporting period, BCQ recorded operating income of RMB13.679 billion, a year-on-year (YoY) increase of 3.54%, and net profit of RMB5.521 billion, up 5.59% YoY. Net profit attributable to shareholders reached RMB5.117 billion, marking a YoY growth of 3.80%. Basic earnings per share (EPS) stood at RMB1.38.To enhance shareholder returns, the Bank proposed a final dividend of RMB2.48 per 10 shares (tax inclusive) for 2024. Dividend payments continued to demonstrate greater stability, sustainability, and predictability. The cash dividend payout ratio reached 30.01% in 2024, maintaining a five-year streak above 30% since the Bank’s A-share listing.Net Profit Attributable to Shareholders Exceeds RMB5 Billion, Asset Quality Continues to ImproveAgainst a backdrop of global economic complexity, China’s economy demonstrated resilience and vitality through steady progress in 2024. As a key regional financial institution, BCQ remained committed to advancing the "Five Key Areas in Financial Sector"—technology finance, green finance, inclusive finance, pension finance, and digital finance. By adhering to strategic directives, the Bank deepened its regional footprint, optimized its service offerings, expanded asset deployment, and reinforced liability management, steadily progressing toward high-quality development.By the end of 2024, BCQ’s total loans reached RMB440.616 billion, a 12.13% increase YoY, while total deposits rose 14.30% YoY to RMB474.117 billion.In terms of profitability, the Bank achieved operating income of RMB13.679 billion (+3.54% YoY) and net profit attributable to shareholders of RMB5.117 billion (+3.80% YoY), both hitting record highs since its 2021 listing.Within the framework of high-quality development, BCQ refined capital management and executed external capital replenishment initiatives, driving steady improvements across capital adequacy ratios. As of December 31, 2024, the Bank's Core Tier 1 Capital Adequacy Ratio stood at 9.88%, Tier 1 Capital Adequacy Ratio at 11.20%, and Total Capital Adequacy Ratio at 14.46%, representing increases of 0.10, 0.04, and 1.09 percentage points, respectively, from the prior year. These metrics not only meet regulatory requirements but also bolster risk resilience and provide a solid capital foundation for business expansion.The Bank’s non-performing loan (NPL) ratio declined to 1.25% by the end of 2024, the lowest level in five years. The special-mention loan ratio dropped to 2.64%, down 0.72 percentage points YoY, while the overdue loan ratio fell to 1.73%, a 0.22 percentage point reduction YoY. Additionally, the loan loss provision coverage ratio rose for the second consecutive year to 245.08%, up 10.90 percentage points, reinforcing financial security.Proactively Aligns with National Strategies, Multi-Tiered Services Empower the Chengdu-Chongqing Twin-City Economic CircleAs the first city commercial bank in Western China to achieve dual "A/H" listings, BCQ leverages its robust capabilities to serve markets across one municipality (Chongqing) and three provinces (Sichuan, Guizhou, Shaanxi). In 2024, the Bank seized strategic opportunities including the Chengdu-Chongqing Twin-City Economic Circle, New Western Land-Sea Corridor, and Rural Revitalization, cementing its differentiated competitive edge.During the reporting period, BCQ extended RMB40 billion in incremental credit to the Chengdu-Chongqing Twin-City Economic Circle, supported the New Western Land-Sea Corridor with RMB20 billion in additional business volume. The Bank’s issuance and outstanding balance of foreign currency bonds ranked among the top regional legal person banks in Western China.By adhering to a differentiated development strategy, BCQ leveraged its status as a legal-person bank and its strengths in inclusive finance, green finance, and other specialized sectors, to promote the "Five Key Areas in Financial Sector". In 2024, the Bank’s outstanding loans in technology, green projects, inclusive finance, and medium-to-long-term manufacturing grew by 32%, 40%, 22%, and 25%, respectively, injecting momentum into regional economic growth.In manufacturing finance, since 2024, the Bank has supported over 250 major projects through product innovation, channel expansion, and service optimization, including the Chengdu-Chongqing High-Speed Railway and Metro Line 15, with credit volume surging over 150% YoY. BCQ also provided RMB150 billion in credit to industries and infrastructure within the Chengdu-Chongqing Twin-City Economic Circle.For inclusive finance, the Bank refined its product ecosystem to empower small and micro businesses, individual businesses, and agricultural business entities. Under the "dual growth" framework, its outstanding inclusive micro and small loans reached RMB61.068 billion, up RMB10.822 billion YoY, while agriculture-related loans rose to RMB44.782 billion, up 15.40% YoY or RMB5.975 billion from 2023.As 2025 marks the conclusion of China’s 14th Five-Year Plan, BCQ pledges to strengthen strategic leadership, seize policy opportunities, accelerate transformation, and advance toward a "trillion-yuan" scale through reform, innovation, and relentless effort. The Bank aims to deliver superior financial services, enhance shareholder value, and contribute more meaningfully to regional economic and social development. Copyright 2025 ACN Newswire via SeaPRwire.com.

Integration of ION Mobility’s assets and IP, set to accelerate TVS Motor’s EV footprint in South East Asian markets

SINGAPORE, Apr 7, 2025 - (ACN Newswire via SeaPRwire.com) - TVS Motor Company (TVSM), a leading global manufacturer of two and three-wheelers, is set to strengthen its electric vehicle (EV) presence in Southeast Asia through the integration of ION Mobility’s assets, intellectual property, and talent into its operations. Southeast Asia represents one of the world’s fastest-growing regions for motorbike usage, offering a significant opportunity for expansion.TVSM has been a strategic investor in ION Mobility, a full-stack EV company known for its robust in-house capabilities across industrial and product design, mechanical and electrical engineering, embedded and power electronics, firmware, software, and supply chain solutions. This integration, combined with TVSM’s deep expertise in electric mobility, marks a major step toward unlocking new possibilities in the region.Commenting on the development, Sharad Mohan Mishra, President Group Strategy, TVS Motor Company, said: “We were an early strategic investor in ION Mobility, attracted by their focus on delivering smart, sustainable, and exciting mobility solutions for ASEAN markets. Our ‘Reimagine 2030’ vision strongly aligned with their mission. With the acquisition of ION Mobility’s assets, IP and core team, we are thrilled to bring their entrepreneurial energy, design thinking and engineering strength into TVSM. Combined with our R&D depth, quality systems, and manufacturing scale, this partnership positions us to accelerate market penetration and grow our share across Southeast Asia.”TVS Motor is already a formidable player in the global EV landscape, with nearly 600,000 customers choosing its flagship electric scooter, TVS iQube. The company has developed end-to-end in-house capabilities across EV components - battery systems, battery management, vehicle control units, and connected platforms - and holds more than 650 patents in the EV domain.Earlier this week, TVS Motor Company announced that its wholly owned subsidiary TVS Motor (Singapore) Pte Ltd acquired select assets from ION Mobility and also divested its stake in the company. Following this move, James Chan, Founder and CEO of ION Mobility, has joined TVS Motor Company as Senior Vice President. He will lead TVSM’s business across ASEAN while also spearheading the development and launch of the M1-S electric mobility platform. The M1-S is already generating strong interest in ASEAN markets for its striking design, impressive range, agile acceleration, and suitability for daily commutes.About TVS Motor CompanyTVS Motor Company (BSE:532343 and NSE: TVSMOTOR) is a reputed two and three-wheeler manufacturer globally, championing progress through sustainable mobility with four state-of-the-art manufacturing facilities located in India and Indonesia. Rooted in our 100-year legacy of trust, value, and passion for customers, it takes pride in making internationally accepted products of the highest quality through innovative and sustainable processes. TVS Motor is the only two-wheeler company to have won the prestigious Deming Prize. Our products lead in their respective categories in the J.D. Power IQS and APEAL surveys. We have been ranked No. 1 Company in the J.D. Power Customer Service Satisfaction Survey for four consecutive years. Our group company Norton Motorcycles, based in the United Kingdom, is one of the most emotive motorcycle brands in the world. Our subsidiaries in the personal e-mobility space, Swiss E-Mobility Group (SEMG) and EGO Movement have a leading position in the e-bike market in Switzerland. TVS Motor Company endeavours to deliver the most superior customer experience across 80 countries in which we operate.For more information, please visit www.tvsmotor.com or write to corpcom@tvsmotor.com Copyright 2025 ACN Newswire via SeaPRwire.com.

Yunkang’s Revenue Proportion from Joint Construction Business for Medical Institution Alliances and Special Testing Items Continue to Grow in 2024

HONG KONG, Mar 31, 2025 - (ACN Newswire via SeaPRwire.com) - Yunkang Group Limited ("Yunkang" or the "Group"; Stock Code: 2325), a leading medical operation services provider in China, has announced its annual results for the year ended December 31, 2024 (the "Reporting Period"). During the year, the Group adhered to its overall business philosophy of “in-depth services and lean operations”, promoted development with innovation, deepened integrated collaboration among “government, industry, academy, research, medicine, application”, accelerated digital application of “AI + medical care”, continuously strengthened refined management, and reduced cost and improved efficiency, demonstrating strong operational resilience.In 2024, due to changes in the macro-environment, intensified competition in the industry as well as its strategic decision to optimize customer structure and product mix, the Group’s performance was temporarily affected. However, relying on its customer-oriented, innovative and coordinated development system, the Group achieved many breakthroughs in product innovation, model innovation, AI + medical digital intelligence and other aspects. The joint construction business with medical institution alliances remained its largest business segment, which accounted for 53.0% of the total revenue, representing an increase of 4.7 percentage points as compared to the same period of the previous year. In addition, featured products in the infection segment achieved rapid growth, laying a solid foundation for the segment’s long-term development. During the Reporting Period, the Group’s total revenue reached RMB711.9 million.Diagnostic testing for medical institution alliances was developing healthily   In-depth service empowers customersYunkang is committed to developing an innovative service mode for joint construction of medical institution alliances with “professionalism as the foundation, standardization as the core, digital intelligence as the means, synergization as the goal”. At present, the Group is providing medical technical service solutions to over 1,500 medical institutions in collaboration with medical institution alliances at over 430 on-site diagnostic centers of the alliances to meet their core demands. Through close collaboration – mutual recognition of testing results – with leading regional medical institutions, the Group has helped improve overall regional medical and treatment levels, helping hospitals build specialty departments, improving the efficiency of hierarchical diagnosis and treatment, promoting scientific research and cooperation, etc., thereby providing the public with higher-quality and more efficient diagnosis and treatment services. Dedicated to vigorously driving medical reform in China, during the Reporting Period, Yunkang teamed up with leading provincial-level hospitals, and regional county-level general hospitals to jointly build medical institution alliances to actively promote the construction of medical institution alliances as the bridge that connects the regional testing centers and partner hospitals. Customers are provided with “3+N” tumor, infection, reproductive genetics and +N technical system support, and also support from the in-depth service system, including the operation of diagnostic centers under regional medical institution alliances, access to new technologies or new products, construction services for digital specialty departments, medical cold chain logistics services, quality control services and supply chain services, all in-depth services for empowering demand and the long-term development of hospitals.Focus on “clinical demands”   Joint innovation for diagnostic testing achieved remarkable resultsAdhering to the “clinical demands”-oriented service concept, the Group has built a series of high-tech platforms, including high-throughput sequencing, gene chip, high-sensitivity PCR, protein spectrometry, cytogenetics, digital remote pathology, and ultra-micro pathology. During the Reporting Period, the Group introduced nearly 800 new testing items and provided about 3,800 clinical testing items, and more than 10 million specimens were tested for the year. In terms of precision diagnosis and treatment, the Group carried out more than 500 precision diagnosis services using cutting-edge technologies such as high-throughput sequencing, and protein spectrometry, covering five medical fields including infectious diseases, reproductive genetics, solid tumors, blood diseases, and personalized medicine. During the Reporting Period, the Group focused on the construction and development of 58 new items in such fields including infection, tumor, rare genetic diseases and personalized medicine, providing medical institutions nationwide with a more comprehensive range of precision diagnosis solutions to drive the embrace and development of precision medicine. During the Reporting Period, revenue from special testing items increased significantly year-on-year, accounting for a larger percentage of the Group’s overall revenue.The Group has a first-of-its-kind “joint innovation platform for diagnostic testing”, which has played a vital role in expanding its business and boosting competitiveness of its products. Constantly exploring and putting ideas into practice, the Group and dozens of top medical institutions across the country have pursued joint innovation for diagnostic testing and successfully developed more than 10 testing products for different infection syndromes in various fields such as respiratory tract infections and central nervous system infections.Digital application of “AI + medical care” leads the industryThe Group has launched and continuously upgraded its top 10 digital “cloud” systems, covering core areas such as laboratory operations, sales management, human resources, staff training, and customer services. At the same time, it has integrated AI technology into its “cloud” systems to create a one-stop intelligent medical diagnostic solution covering from “sample collection” to “report delivery”, which was comprehensively applied across its multi-technology platforms in medical laboratories, with the core concepts of “Internet+” and “precision diagnosis” to create a series of intelligent diagnostic platforms. In the Reporting Period, the Group’s self-developed digital IT platform with full intellectual property rights – the remote pathology consultation platform – covered over 800 medical testing items, assisting nearly 300 medical institutions nationwide in enhancing their pathology diagnostic capabilities and benefiting more than 200 million patients in rural areas.Regarding the application of AI-assisted diagnosis, the Group adheres to the strategy of “introducing one item once it is mature” and closely follows industry development trends. It has introduced items such as pathological DNA polyploid AI-assisted diagnosis, cervical liquid-based cell AI-assisted diagnosis, and chromosome AI analysis, all proven effective and have greatly enhanced diagnostic efficiency. During the Reporting Period, the Group focused on the field of infectious diseases and developed its first infectious disease data product, the “Yunkang Respiratory Pathogen Detection Positivity Rate Analysis Report”. The product officially obtained data product certification and was listed on the Guangzhou Data Exchange in January 2025, marking a milestone step for the Group in the field of compliant data transactions, effectively unlocking data value. Currently, having access to the DeepSeek large model, the Group aims to achieve comprehensive innovation in medical testing and diagnostics through inclusive technology, precision service and intelligent management.Collaborative and integrated development of “government, industry, academy, research, medicine, application” to facilitate industrial upgradeDuring the Year, the Group collaborated with various institutions to facilitate industrial upgrade based on a unique innovative industrial model, including:- Collaboration with The People’s Government of Ouhai, Wenzhou City and Wenzhou Medical University’s core areas in biomedical industry to promote construction of a number of key projects including a joint innovation and transformation platform, a public service platform, a medical big data research platform, a regional diagnostic sharing center and a training base for innovative talent, to the end of facilitating quick transformation of scientific research results for industrial applications;- Collaboration with The Zhangjiang Research Institute of Fudan University to jointly establish a “Collaborative Innovation and Transformation Center” to promote innovation and transformation of results of medical diagnostic technology application;- Collaboration with The Central University of Finance and Economics, Greater Bay Area Research Institute to jointly build an industry-education fusion talent cultivation highland and an industry aggregation and incubation platform.The strategy for sustainable development drives long-term valueWhile vigorously driving business development, Yunkang has consistently viewed sustainable development as a core strategy of the Group, committed to promoting the green transformation of the healthcare industry through innovative technologies and in-depth services. The Group engaged in environmental protection efforts such as energy conservation, emission reduction, and resource recycling in its operations, while also launched various charitable initiatives, including charitable clinical diagnostic activities, health checkup services for the well-being of the community, and health seminars, to give back to society by making use of its professional advantages.  Looking ahead, Yunkang will continue to make progress in ESG and step up our efforts in such areas as environmental policy and management, Scope 3 emissions, climate governance, climate performance indicators, climate scenario analysis, carbon reduction targets, and net-zero emissions commitment, all of which will help us realize economic, environmental and social benefits.Future prospectsChina has continued to promote expansion and downward penetration of the country’s high-quality medical resources, fostering a balanced regional layout and stepping up the construction of a hierarchical diagnosis and treatment system, conducive to establishing close-knit medical institution alliances. China’s Laboratory Developed Testing methods (LDT) pilots have steady and notable progress, leading to market growth for precision medicine development. In addition, in-depth integration of AI technology with the healthcare industry will become an important driving force for fine industry segments to embark on digital intelligence transformation and upgrade. Looking ahead, Yunkang will continue to align with national policies, seize the latest industry development opportunities, and continue to strengthen clinical-empowered value, and constantly explore and deepen the two new “product innovation + model innovation” model with customers in mind and to ensure residents can better benefit from its medical achievements.Yunkang Group Limited(Stock Code:2325)Yunkang Group is a leading medical operation service provider in China, which started to provide standardized medical diagnostic services to medical institutions at all levels as early as 2008. Leveraging its own professional diagnostic capabilities and the nationwide service network of integrated healthcare systems, Yunkang has gradually grown to become a medical operation service platform. Meanwhile, Yunkang is a medical operation service provider in China offering a full suite of diagnostic testing services which are diagnostic outsourcing services and diagnostic testing services for medical institution alliances. Yunkang provides diagnostic services through on-site diagnostic centers to collaborative hospitals in the integrated healthcare systems in China and assists them in improving their clinical diagnosis capabilities through co-developing diagnostic centers. As of today, Yunkang has successfully provided professional services to 430+ on-site diagnostic centers. As of December 31, 2024, the hospitals we collaborated with were located across 31 provinces and municipalities in China. Copyright 2025 ACN Newswire via SeaPRwire.com.

Connect Marketplace Hong Kong 2025 Concludes Successfully

HONG KONG, Apr 4, 2025 - (ACN Newswire via SeaPRwire.com) - Connect Marketplace Hong Kong (CMHK) successfully concluded its preview event in APAC in 2025, marking a significant milestone in fostering business collaboration within the MICE industry. Held from 19-21 March 2025, the event successfully brought together over 4,000 industry professionals, along with more than 60 exhibitors from over 30 countries and regions. It focused on creating an invaluable platform for networking and business development.Margaret Ma Connolly, president and CEO of Informa Markets in Asia, highlighted the event’s role in driving transformation within the MICE industry. “The launch of Connect Marketplace Hong Kong is more than just a new event. It's a testament to our belief in Hong Kong as the ultimate MICE destination. Here at Connect Marketplace Hong Kong, we’re not just discussing the future of business events – we’re actively shaping it, fostering connections that transcend borders and drive economic growth across Asia and beyond” she said.Connect Marketplace Hong Kong excelled as a premier platform for business collaboration, featuring the Hosted Buyer Programme, which brought together around 450 international decision-makers and facilitated close to 1,300 business organised through its innovative one-on-one meeting initiatives.Additionally, conference sessions and forums addressed key industry topics, from sustainability to cutting edge MICE solutions. A series of networking opportunities, including Horse Racing Night, Gala Dinner and a Familiarization Trip to Macau further strengthened interactions among global industry players.Janice Lee, Senior Portfolio Director of Connect Marketplace Hong Kong, expressed excitement for future growth: “This is a remarkable achievement! I have witnessed the spirit of Informa unfold over four months of hard work, culminating in around 4,000 attendees at the show. This success gives us great confidence as we look ahead to the next edition of CMHK in 2026.” The next edition of Connect Marketplace Hong Kong is scheduled for 18-19 March 2026.About Informa MarketsInforma Markets creates platforms for industries and specialist markets to trade, innovate and grow. Our portfolio is comprised of more than 550 international B2B events and brands in markets including Healthcare & Pharmaceuticals, Infrastructure, Construction & Real Estate, Fashion & Apparel, Hospitality, Food & Beverage, and Health & Nutrition, among others. We provide customers and partners around the globe with opportunities to engage, experience and do business through face-to-face exhibitions, specialist digital content and actionable data solutions. As the world’s leading exhibitions organiser, we bring a diverse range of specialist markets to life, unlocking opportunities and helping them to thrive 365 days of the year. For more information, please visit www.informamarkets.com.For media enquiries, please contact: cheenie.so@informa.com Copyright 2025 ACN Newswire via SeaPRwire.com.

JF SmartInvest Holdings Ltd Announces 2024 Annual Results

HIGHLIGHTS:- During the Reporting Period, the Group’s gross billings amounted to approximately RMB3,505.9 million, representing an increase of approximately 49.3% from approximately RMB2,347.7 million for the Corresponding Period.- The total revenue of the Group was approximately RMB2,306.0 million, representing an increase of approximately 17.3% compared to approximately RMB1,965.4 million for the Corresponding Period.- The profit attributable to Shareholders of the Group was approximately RMB272.4 million, representing an increase of approximately 42.8% from approximately RMB190.7 million for the Corresponding Period.- The Group’s operating cash flow (net inflow) was approximately RMB1,627.8 million, representing an increase of approximately 266.6% as compared to approximately RMB444.0 million for the Corresponding Period.- Taking into account the financial and cash flow positions of the Group, the Board recommends the payment of a final dividend of approximately HKD148.0 million for the year ended December 31, 2024, representing HKD0.33 per share (in cash), and the proposed final dividend is subject to consideration and approval by Shareholders at the AGM.HONG KONG, Apr 4, 2025 - (JCN Newswire via SeaPRwire.com) - 28 March, JF SmartInvest Holdings Ltd(the “Company” ; together with its subsidiaries, the "Group" or “we”) is pleased to announce its consolidated annual results for the year ended December 31, 2024 (the “Reporting Period”). During the Reporting Period, the Company realized a revenue of approximately RMB2,306.0 million, representing a growth of approximately 17.3% from the Corresponding Period. Profit attributable to Shareholders amounted to approximately RMB272.4 million, representing an increase of 42.8% over the Corresponding Period. In addition, our operating cash flow was strong. We had a net inflow of approximately RMB1,627.8 million which represented a significant year-on-year growth of 266.6%, fully demonstrating the effective strategy execution and high market adaptability of the Company.Developed a multi-dimensional product structure to promote business and revenue diversificationDuring the Reporting Period, on top of integrating and improving our existing products, we launched the industry’s first-ever stock learning machine and enriched our small-amount series product matrix for the promotion of revenue diversification. We have formed four main product lines currently, namely “Stock Navigator Series and Super Investor” , “Enjoy-Stock Pad”, “Jiuyao Stocks” and “SmartInvest App” (App). We aim to serve a wider spectrum of customers in a more effective manner by capitalizing on the synergies of these product lines.In order to meet users’ needs, we launched the first “Enjoy-Stock Pad (Starter Edition)” in July to fill the market gap for professional stock learning products. The Company expected that the launch of this product would create a dedicated learning platform for investors, actively fulfil corporate social responsibilities and deepen the inclusive financial education practice. In the meantime, we launched nearly 30 lightweight products to achieve product scalability and standardization, which allowed us to meet the diverse users’ needs and fully explore long-tail customers. During the Reporting Period, our small-amount series products were used by our subscriber customers for more than 2.203 million times.Adherence to pursuing “technological research + investment research” dual-driver strategy, deepening AI technology for full empowerment for the Company’s business and practical applicationImplementing our “technology + investment research” dual-driver strategy, we further increased our R&D investment, explored the empowerment and application of AI and other frontier technologies to the Company’s product offerings, business operations and operational management. With focus on the “buyer-side investment advisory” service, we strengthened our “1+N” investment research system to fully penetrate our investment research into businesses and processes, so as to professionally support our customers in creating long-term value.We continuously strengthened our R&D capabilities and investment: During the Reporting Period, we invested approximately RMB319 million in R&D activities, representing an increase of 10.9% over the Corresponding Period. Such R&D investment accounted for approximately 13.8% of the Company’s total revenue. In addition, as of the end of the Reporting Period, we had 136 software copyrights and patents on product features, big data and AI, that was 52 more than last year. What is noteworthy is that during the Reporting Period, we became a member of the Chinese Association for Artificial Intelligence (CAAI), signifying that the Company has been recognized for its core AI R&D technologies and achievements in the financial sector.We explored the all-round empowerment of AI and other frontier technologies to the Company’s product offerings, business operations and operational management. In terms of empowering our product offerings, we launched “FinSphere Agent”, a new-generation conversational stock investing assistant, and “FinSphere Report”, an intelligent investment research product. They provide deep-thinking intelligent conversational investment advisory services and intelligent research report generation and explanation services. We continuously upgraded our digital investment robo-advisor “Jiu Ge”, served approximately 472,000 customers, with total services reaching 32.407 million times, during the Reporting Period. In terms of empowering our business operations, we deployed our “AI Marketing Partners” and “AI Live Replay Summaries” which enabled us to achieve full-process coverage of text generation and pitch recommendations that doubled our communication efficiency. In terms of empowering our compliance management: The Company developed the intelligent compliance management solution 3.0, with which, our “AI Monitoring Officer” has conducted approximately 1.6 billion monitoring tasks and our “AI Inspection Officer” has assisted in over 10 million review tasks, achieving a coverage rate of 98%.We focused on “buyer-side investment advisory” and emphasized the application of our investment research. In the single month of December, our professional stock review programs output an average of approximately 22 shows per day, with a total duration of nearly 13 hours; we engaged active interactions with investors and answered their questions. The average number of inquiries per day exceeded 2,500. Our JF Financial Research Institute has designed more than 218 sets of self-developed signature courses, with a total of more than 1,300 sessions and a total of over 12,000 minutes, further improving the system of providing courses on our Stock Learning Machine.Establishment of quality traffic system to achieve precise expansion of new customer baseWe established quality traffic system and continued to expand our presence on platforms. During the Reporting Period, apart from our established presence on Douyin and WeChat Channels, we explored Kuai and tapped into platforms such as Xiaohongshu and Bilibili, to achieve high accessibility to customers, increase our brand exposure, optimize our live broadcast efficiency and enhance viewers’ experience through short video + live broadcast approach. The live broadcasts lasted over 49,800 hours cumulatively with 26,500 sessions, representing a growth of over 110% from the Corresponding Period. During the Reporting Period, we operated 152 new MCN accounts on different internet platforms. As of December 31, 2024, we had 526 MCN accounts and attracted approximately 50.05 million followers, as compared to approximately 11.15 million followers in the Corresponding Period.At the same period, we actively promoted popular investor education and enhanced brand influence. At the National Investor Protection Publicity Day on May 15, we organized the “Shareholders Are Here” event jointly with Everbright Securities to attract investors’ participation in the education on rational investing through short videos and live broadcasts on all of the Company’s platforms, together with the active promotion by traditional media such as Hubei TV and China Business Network (CBN). As of December 31, 2024, we have exclusively sponsored CBN’s live broadcast of the Berkshire Hathaway Annual Shareholders Meeting for the fifth consecutive year. We produced the live broadcast program “Buffett and Seven Lunches”, which recorded a total online viewership of nearly 227 million.Business outlookThe chairman of the Board and chief executive officer of JF SmartInvest Holdings Ltd, Mr. Chen Wenbin said: "We will adhere to our principles of rational investing, value investing and long-term investing to help customers induce right investing concepts, practice investor education, fulfil corporate social responsibility and commit ourselves to promoting healthy development of the capital market in the long run. Looking forward to 2025, we, as a next-generation stock investing assistant, will continue to strengthen our competitiveness, solidify our market leadership and strive to make investing and wealth management easier yet more professional, and enhance the happiness of investing and wealth management. "About JF SmartInvest Holdings Ltd (Stock Code: 9636)JF SmartInvest Holdings Ltd is a new generation stock investment assistant. The Company is engaged in the provision of equity investment instruments, securities investment advisory, investor education and other services to individual investors. The products include stock quote software, stock learning machine, Stock Navigator, Super Investor and Jiuyao Stocks. The Company adopts the technology + investment research model, develops JF Robo-Advisor, FinSphere Agent, FinSphere Report and other products based on artificial intelligence (AI) and big data technology, which are applied to the industry in terms of innovative practice and scenario application.For enquiries, please contact:Financial PR (HK) LimitedEmail: ir@financialpr.hkTel: 852 2610 0846Fax: 852 2610 0842 Copyright 2025 ACN Newswire via SeaPRwire.com.

The India Market Entry Dilemma: What’s Holding Manufacturers Back

Kuala Lumpur/Bangkok/Singapore , Apr 3, 2025 - (ACN Newswire via SeaPRwire.com) - India is emerging as the world’s next manufacturing giant—yet global corporations still stumble at the entrance. Despite its $7.5 trillion growth trajectory, cost advantages, and policy incentives, there are still several obstacles in the way of building a long-lasting presence in India. A recent whitepaper titled “Why Do Global Manufacturers Struggle with India Market Entry” offers a data-driven blueprint for overcoming regulatory, supply chain, and regulatory obstacles in one of the world’s complex but most promising economies.Regional companies aiming to expand into India can find a powerful roadmap in SRKay Consulting Group’s latest release, “Why Do Global Manufacturers Struggle with India Market Entry” This comprehensive publication outlines the key challenges that often derail even the most experienced players—including regulatory red tape, infrastructure hurdles, intellectual property risks, pricing pressures, and workforce acquisition difficulties.The report dives deep into the root causes behind these obstacles, from fragmented supply chains to complex compliance landscapes, and presents a structured, four-pillar India entry strategy. Covering insights across seven key sectors, it serves as an essential guide for manufacturers seeking to build a resilient and scalable presence in the Indian market.Highlights & Strategic Takeaways:A Proven India Market Entry Framework: A four-pillar approach covering research, business setup, supply chain localisation, and long-term growth.Real Success Stories: What global giants like Apple, Hyundai, and IKEA won in India by adapting to local demand and operational realities.Insights for Emerging Market Entrants: UAE and Malaysia-based companies prioritise India’s growth and competitive costs, but face workforce, regulatory, and IP-related hurdles.Digital & Trade Enablers: How UPI, ONDC, and Free Trade Agreements (like CEPA and ECTA) are creating new competitive advantages for manufacturers.“India is not just a big market—it’s a complex one. For Southeast Asian companies, entering India without the right regulatory, supply chain, and cultural game plan is risky. This whitepaper is our answer to help them succeed,” said Alok Kumar, Founder & Managing DirectorThis whitepaper is an essential resource for business strategists assessing market viability or C-suite executives considering expansion to confidently and clearly navigate the India opportunity.Download the Whitepaper NowWhy Do Global Manufacturers Struggle with India Market EntryAbout SRKay Consulting GroupSRKay Consulting Group is a global consulting firm that helps companies expand into emerging markets like India through data-led strategies, market entry advisory, and operational consulting. With deep expertise in regulatory compliance, digital infrastructure, and supply chain localization, SRKay is the trusted partner for Southeast Asian firms entering India.For expert consultation and partnership opportunities, connect with:Komaldeep KaurEmail: Komal@mianext.com  Copyright 2025 ACN Newswire via SeaPRwire.com.

Doubleview Gold Corp 2025 Exploration Program

Vancouver, BC, Apr 2, 2025 - (ACN Newswire via SeaPRwire.com) - Doubleview Gold Corp. (TSXV:DBG)(OTCQB:DBLVF)(FSE:1D4) (the "Company" or "Doubleview") is pleased to share its plans for the upcoming 2025 exploration season for its 100% owned BC projects. Based on the Company's successful 2024 exploration season, which included publishing the Hat Project's maiden resource estimate (‘MRE V1'), exceptional high-grade drill results from its 10,000m drill program (please see the Company's news release from February 05, 2025) and the recently announced collaboration of the Company with Her Excellency Sheikha Sara Nasser Al-Thani of Qmission of Qatar (please see the Company's news release from March 05, 2025), Doubleview is readying its field crews for the upcoming field season.Hat Project - 2025 Program of WorkDoubleview is setting out to continue building on its exploration success at its polymetallic Hat Project. The 2024 drill results have provided important information which is supporting the Company's geological team in understanding the evolution of, and ultimately the entire Hat Deposit ("Hat" or "Deposit") system. The goals of the upcoming drill season are to continue to expand and build the resource to higher levels of confidence, to test newly identified targets to the northwest and east of the Deposit, and to find the source of the system that created the Hat Deposit.Details for the environmental sampling program are currently being finalized. Doubleview's intensions are to implement this work to fulfill regulatory requirements necessary towards further development of the Hat Project. The Preliminary Economic Assessment ("HAT PEA") with an updated Mineral Resource Estimate ("HAT MRE 2.0") is steadily progressing as expected.President & CEO Farshad Shirvani states: "After achieving several milestones for the Hat Project, it is time to continue its development. Our field crew, technical team and I are excited about the newly acquired information which will guide this year's efforts. Our goals are to find the porphyry system's source, to further advance the integrity of the resource estimate categories, to continue advancing environmental work and building stakeholder relationships. There are less than 90 drill holes at the Hat Project, and we have been able to show tremendous results. At the same time, it is very clear that there are many more opportunities to enhance the Hat Deposit that our team is eager to explore." Mr. Shirvani added: "The Company is continuing its dialogue with Her Excellency Sara Nasser Al-Thani of Qmission of Qatar to build a strong relationship to explore optimal opportunities for both sides. With the worldwide growing attention on critical minerals, by governments and major mining companies alike, we believe that the Company is a great position."Red Spring - 2025 Exploration ProgramPart of Doubleview's portfolio of projects is Red Spring, which is located in central BC, Canada. It is a copper-silver-gold project which in recent exploration programs showed elevated zinc values. With copper and zinc being elements that are listed as Critical Minerals by the Canadian Government, the Red Spring project merits a well-tailored exploration program. For this season an extensive ground IP program is planned which will be followed-up by drilling based on the IP results. The goal of the exploration program is to build on existing data and together with the new results, narrow down the potential deposit type. Currently the two potential deposit types in focus for the project are sediment hosted copper-silver deposits and Eskay Creek type deposits.Doubleview maintains a website at www.doubleview.ca.Qualified Persons:Erik Ostensoe, P. Geo., a consulting geologist, and Doubleview's Qualified Person with respect to the Hat Project as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed, and approved the technical contents of this news release. He is not independent of Doubleview as he is a shareholder in the company.About Doubleview Gold CorpA mineral resource exploration and development company is headquartered in Vancouver, British Columbia, Canada. It is publicly traded on the TSX-Venture Exchange (TSXV:DBG)(OTCQB:DBLVF)(WKN:LA1W038), and (FSE:1D4). Doubleview focuses on identifying, acquiring, and financing precious and base metal exploration projects across North America, with a strong emphasis on British Columbia. The company enhances shareholder value through the acquisition and exploration of high-quality gold, copper, cobalt, scandium, and silver projects-collectively critical minerals-utilizing cutting-edge exploration techniques.Doubleview's success is deeply rooted in the unwavering support of its long-term shareholders, supporters, and institutional investors. Their ongoing commitment has been instrumental in advancing the company's strategic initiatives. Doubleview looks forward to further collaborative growth and development, and continues to welcome active participation from its valued stakeholders as the company expands its portfolio and strengthens its position in the critical minerals sector.About the Hat Polymetallic DepositThe Hat Deposit, located in northwestern British Columbia, is a polymetallic porphyry project with major resources of copper, gold, cobalt, and the potential for scandium. As one of the region's significant sources of critical minerals, the Hat deposit has undergone targeted exploration and development. The 0.2% CuEq cut-off resource estimate, as of the recently completed Mineral Resource Estimate and the Company's July 25, 2024, news release, is summarized below:Average Grade Metal ContentOpen Pit Model Hat Resource Category Tonnage CuEq Cu Co Au Ag CuEq Cu Co Au AgMt % % % g/t g/t million lb million lb million lb thousand oz thousand ozIn Pit Indicated 150 0.408 0.221 0.008 0.19 0.42 1,353 733 28 929 2,045Inferred 477 0.344 0.185 0.009 0.15 0.49 3,619 1,945 91 2,328 7,575Scandium potential for the Hat Deposit is estimated to be 300 to 500 million tonnes at an average grade of 40 ppm (0.004%) Sc2O3.*- Copper Equivalent (CuEq) currently does not include the Scandium- Metal equivalents should not be relied upon for future evaluations.- Parameters used to calculate Copper Equivalent: Au price (US$/oz): 1900; Ag price (US$/oz): 24; Cu price (US$/lb): 4; Co price (US$/lb): 22. Au recovery: 89.0%; Ag recovery: 68.0%; Cu recovery: 84.0%; Co recovery: 78.0%. * Copper Equivalent Calculation CuEq in % = ([Ag grade in ppm] *24*0.68/31.1035 + [Au grade in ppm] *1900*.89/31.1035 + 0.0001* [Co grade in ppm] *22*0.78*22.0462 + 0.0001* [Cu grade in ppm] *4*0.84*22.0462)/(4*22.0462*0.84).For further details, please refer to the Company's July 25, 2024 news release.On behalf of the Board of Directors,Farshad Shirvani, President & Chief Executive OfficerFor further information please contact:Doubleview Gold CorpVancouver, BC Farshad ShirvaniPresident & CEOT: (604) 678-9587E: corporate@doubleview.caNEITHER 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 RELEASE.Certain of the statements made and information contained herein may constitute "forward-looking information." In particular references to the private placement and future work programs or expectations on the quality or results of such work programs are subject to risks associated with operations on the property, exploration activity generally, equipment limitations and availability, as well as other risks that we may not be currently aware of. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.SOURCE: Doubleview Gold Corp. Copyright 2025 ACN Newswire via SeaPRwire.com.

Hola Prime Launches Industry-First One-on-One Mentorship from Market Experts

NEW YORK, Apr 2, 2025 - (ACN Newswire via SeaPRwire.com) - The trading industry has long suffered from a gap in structured, personalized education. While information is widely available, traders are often left in a sea of fragmented resources, outdated strategies, and generic advice that fails to address the realities of live market conditions. Without direct feedback, many struggle with risk management, execution, and psychological barriers, leading to repeated failures in trading challenges and inconsistent performance. Hola Prime is taking a significant step by offering a level of personalized guidance that is virtually unheard of in the industry - one-on-one mentorship with seasoned trading professionals.For the first time, traders will have direct access to some of the most experienced minds in the financial markets. This initiative is not about passive learning; it is about real-time assessment, expert feedback, and actionable improvement strategies tailored to each trader's needs. Over 85% of traders report improved confidence and decision-making abilities after personalized mentorship. One-on-one mentorship provides traders with an opportunity to analyze their trades with professionals, identify weaknesses in their strategy, and develop a structured, data-driven approach to the markets. Whether it is understanding why a challenge was failed, adjusting risk parameters, or refining execution tactics, these sessions offer an unprecedented level of support.Unlike generic trading courses or group webinars, these sessions are fully tailored to the individual trader. There is no other firm in the industry offering this level of direct, personal engagement with professional traders.The initiative is backed by a panel of 20 elite trading professionals, each with decades of experience across multiple asset classes. Howard Friend, with over 30 years in financial markets, specializes in FX market trap trading and algorithmic strategies. Jannie Barwise, an expert in CFDs and futures, provides deep insights into asymmetric trading and volatility adaptation. Sam Saleh, a former institutional trader, shares his expertise in S&P 500 futures and order flow execution. Igor Milosevic, a quantitative strategist and PhD in machine learning, helps traders integrate algorithmic techniques into their trading systems. Michael Keller, a Forex day trading expert, guides traders in disciplined execution and structured risk management. Walter Anga, a gold and crypto trading specialist, teaches systematic, non-discretionary approaches to high-volatility markets. Richard Krugel, a recognized authority in Nasdaq and crude oil trading, helps traders refine technical analysis and market timing strategies.Beyond mentorship, Hola Prime is also enhancing its educational offerings through live trading sessions and in-depth trading courses, focusing on real-market conditions and execution. Additionally, traders gain access to execution reports that provide full transparency on market conditions, including spreads, liquidity flows, and order execution dynamics. This ecosystem of education, mentorship, and live market insights represents a fundamental shift in how trading knowledge is delivered and applied.Somesh Kapuria, CEO of Hola Prime, emphasized the firm's commitment to bridging the knowledge gap in trading education: "Financial literacy extends beyond theoretical learning - it requires real-world application. Traders need structured guidance from professionals who have gained success in the markets, and we are committed to providing that through direct, hands-on mentorship."Himanshu Chandel, Marketing Director at Hola Prime, highlighted the industry-first nature of this initiative: "No one in the trading industry is offering this level of personalized mentorship. Traders don't just need information; they need precise, expert-led feedback on their trading decisions."To mark Financial Literacy Month, Hola Prime is offering a 25% discount on $10K to $100K accounts.. Traders interested in personalized coaching can book sessions through Discord or the Hola Prime website. Given the exclusive nature of these sessions, early booking is advised as availability is limited.Social LinksFacebook: https://www.facebook.com/profile.php?id=61565158992654&sk=about_contact_and_basic_infoInstagram: https://www.instagram.com/holaprime_global/YouTube: https://www.youtube.com/channel/UCtVEJa1Ml132Be7tnk-DjeQLinkedIn: https://www.linkedin.com/company/hola-prime/?viewAsMember=trueX: https://x.com/HolaPrimeGlobalDiscord: https://discord.gg/TJ7TcHPXBfQuora: https://www.quora.com/profile/HolaPrime/Reddit: https://www.reddit.com/user/HolaPrime/Medium: https://medium.com/@social_46267Media ContactCompany: Hola PrimeContact: Media TeamWebsite: https://holaprime.com/ Copyright 2025 ACN Newswire via SeaPRwire.com.

Innovation Beverage Group Expands U.S. Distribution of its Award-Winning Bitters Through One of the Nation’s Largest Beverage Alcohol Distributors

SEVEN HILLS, AUSTRALIA, Apr 2, 2025 - (ACN Newswire via SeaPRwire.com) - Innovation Beverage Group Ltd ("IBG" or the "Company") (Nasdaq:IBG), an innovative developer, manufacturer, and marketer of a growing beverage portfolio of 60 formulations across 13 alcoholic and non-alcoholic brands, announced today it has signed a distribution agreement with Republic National Distribution Company ("RNDC"). IBG's Australian Bitters Company and BITTERTALES brands will be distributed by RNDC in six states: California, Oregon, Washington, Hawaii, Arizona, and Michigan."We are very pleased to partner with RNDC, one of the top distributors in the U.S. in our category. Their distribution reach is vast and their product expertise and executional excellence are ideal to promote the expansion of our award-winning bitters brands in the U.S.," stated IBG's Chairman and Interim CEO Sahil Beri. "Having recently achieved 45% market share in cocktail bitters in Australia, we are eager to gain similar momentum in the U.S."With roots extending before Prohibition, RNDC is one of the U.S.'s leading wholesale beverage alcohol distributors specializing in wine and spirits. Operating in 39 states across the U.S. and the District of Columbia, RNDC is ranked #46 on Forbes's list of America's Top Private Companies, with $11 billion in revenues.IBG's flagship product, Australian Bitters Company, hand crafted in small batches in Australia from the finest natural botanical herbs and spices, won the Gold Medal at the Los Angeles Spirts Awards in 2018. BITTERTALES, the Company's premium cocktail brand, won Best in Show and a Platinum Medal at the 2020 LA Spirits Awards, and a Gold Medal at the 2018 and 2021 LA Spirits Awards. IBG's bitters brands are produced at its state-of-the-art U.S. FDA and GMP certified facility in Australia and shipped worldwide.About Innovation Beverage GroupInnovation Beverage Group is a developer, manufacturer, marketer, exporter, and retailer of a growing beverage portfolio of 60 formulations across 13 alcoholic and non-alcoholic brands for which it owns exclusive manufacturing rights. Focused on premium and super premium brands and market categories where it can disrupt age old brands, IBG's brands include Australian Bitters, BITTERTALES, Drummerboy Spirits, Twisted Shaker, and more. IBG's most successful brand to date is Australian Bitters, which disrupted a 200-year-old market leader, giving the Company a market dominating position in several territories including a partnership in Australia with Coca-Cola Europacific Partners. Established in 2018, IBG's headquarters, distillery, innovation, and manufacturing facility are located in Sydney, Australia with a U.S. sales office is located in New Jersey. For more information visit: https://www.innovationbev.com/Forward Looking StatementThis press release contains "forward-looking statements" and "forward-looking information." This information and these statements, which can be identified by the fact that they do not relate strictly to historical or current facts, are made as of the date of this press release or as of the date of the effective date of information described in this press release, as applicable.The forward-looking statements herein relate to predictions, expectations, beliefs, plans, projections, objectives, assumptions, or future events or performance (often, but not always, using words or phrases such as "expects," "anticipates," "plans," "projects," "estimates," "envisages," "assumes," "intends," "strategy," "goals," "objectives" or variations thereof or stating that certain action events or results "may," "can," "could," "would," "might," or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions) and include, without limitation, statements with respect to projected financial targets that the Company is looking to achieve.All forward-looking statements are based on current beliefs as well as various assumptions made by and information currently available to the Company's management team. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that estimates, forecasts, projections, and other forward-looking statements will not be achieved or that assumptions do not reflect future experience. We caution any person reviewing this press release not to place undue reliance on these forward-looking statements as several important factors could cause the actual outcomes to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates, assumptions, and intentions expressed in such forward-looking statements. These risk factors may be generally stated as the risk that the assumptions and estimates expressed above do not occur.The Company does not undertake to update any forward-looking statement, whether written or oral, that may be made from time to time by Company or on behalf of the Company except as may be required by law.Contact:TraDigital IRJohn McNamara917-658-2602John@tradigitalir.comSOURCE: Innovation Beverage Group Copyright 2025 ACN Newswire via SeaPRwire.com.

Expert Systems Expands Managed Services Offerings

HONG KONG, Apr 2, 2025 - (ACN Newswire via SeaPRwire.com) - Expert Systems Holdings Limited (“Expert Systems” or the “Group”; Stock Code: 8319), a leading information technology and innovation company in the Asia-Pacific region, has announced the expansion of its managed services offerings with the introduction of its Network Operations Center (“NOC”) and Security Operations Center (“SOC”).In response to the growing complexity of networks and the increasing frequency of cybersecurity incidents, ServiceOne International Holdings Limited (“ServiceOne”), a subsidiary of Expert Systems, is expanding its managed services offerings with the introduction of an AI-powered NOC and SOC. Scheduled for launch in April 2025, the new NOC and SOC will operate in Guangzhou, co-located with one of the Group’s existing service desk centers. These new centers are designed to provide seamless 24/7 service delivery and comprehensive regional coverage across the Asia-Pacific region, enhancing the management of customers’ network and security infrastructure.“The launch of our AI-powered NOC and SOC represents a significant step forward in our mission to deliver innovative, reliable, and secure IT solutions to our clients,” said Mr. Andy Lau, CEO and Executive Director of Expert Systems. “Backed by a highly skilled team of certified professionals, we ensure top-tier operational expertise and excellence. Our collaborative synergy across AI, sales, and marketing domains fosters a unified and innovative approach to service delivery, enabling us to effectively address the growing challenges of network complexity and cybersecurity threats.”Proven Expertise and Comprehensive Managed Services CoverageBuilding on a strong legacy of ServiceOne’s excellence and multi-industry experience, its managed services business is uniquely positioned to deliver tailored solutions that meet the diverse and evolving needs of its clients. With a proven track record of managing complex IT environments across multiple industries in both the public and private sectors, the Group brings deep domain expertise and a customer-centric approach to its managed services offerings. In addition to the NOC and SOC, ServiceOne provides a comprehensive suite of managed services, including hosting services and application management services (AMS). These offerings are designed to meet the growing demands of modern businesses, ensuring seamless integration, scalability, and operational efficiency. Whether it’s managing cloud infrastructure, optimizing application performance, or ensuring robust cybersecurity, ServiceOne delivers end-to-end solutions that enable businesses to focus on their core objectives.AI-Driven Operations and FinOps for Greater EfficiencyAt the core of the new NOC and SOC is a robust stack of advanced security and monitoring tools, enabling the implementation of artificial intelligence for IT operations (AIOps). This cutting-edge integration leverages machine learning algorithms to identify and mitigate threats in real time, while intelligent noise reduction filters out irrelevant alerts, allowing IT teams to focus on critical issues and reducing alert fatigue. Improved threat detection accuracy minimizes false positives, and automated recovery processes ensure swift incident response, reducing downtime and improving operational resilience. These AI-driven capabilities and tooling enhancement not only boost the efficiency of the NOC and SOC, but also significantly strengthen clients’ overall security posture, providing proactive protection against emerging cyber threats.At the same time, ServiceOne has introduced FinOps solutions to address the growing complexity of cloud environments and the need for financial accountability. This innovative approach offers clients clear visibility into cloud spending and resource utilization, enabling informed decision making. Through intelligent recommendations, FinOps optimizes cloud resource usage, reducing waste and improving cost efficiency. By aligning IT investments with business outcomes, ServiceOne ensures that clients achieve superior financial performance while maximizing the return on their IT investments.Mr. Lau concluded: "As a regional player, our managed services business is distinguished by its clear service catalogue approach and an unwavering commitment to delivering value-driven solutions. By embracing environmental, social, and governance (ESG) principles, we are leveraging innovative technologies to drive sustainable and responsible business practices in line with the evolving expectations of our clients and stakeholders. As businesses across the Asia-Pacific region continue to navigate the complexities of digital transformation, we remain committed to providing future-ready solutions that drive growth, resilience, and innovation. The launch of the NOC and SOC, coupled with our expanded managed services offerings, reinforces the Group’s position as a trusted partner for businesses looking to thrive in an increasingly interconnected and digital world.”About Expert Systems Holdings Limited (Stock code: 8319)Established since 1985, Expert Systems Holdings Limited (“ESHL”) is a leading information technology and innovation company which operates under the brands “Expert Systems”, “ServiceOne” and “Expert AI Enabling” with around 1,000 IT professionals. We are principally engaged in the provision of IT infrastructure solutions, IT infrastructure management services, and in the development and provision of AI products and AI solutions for corporate and institutional customers in the Asia-Pacific region. For more information, please refer to ESHL's website: https://www.expertsystems.com.hk/.Media Inquiries:Strategic Financial Relations LimitedHeidi SoTel: (852) 2864 4826Email: heidi.so@sprg.com.hkRachel KoTel: (852) 2114 2370Email: rachel.ko@sprg.com.hkMaggie KoTel: (852) 2864 4890Email: maggie.ko@sprg.com.hkWebsite: www.sprg.com.hk Copyright 2025 ACN Newswire via SeaPRwire.com.

Accelerated Transformation of New Quality Productive Forces with Growing Efficacy in Sci-Tech Innovation Layout

HONG KONG, Mar 28, 2025 - (ACN Newswire via SeaPRwire.com) - Legend Holdings Corporation (“Legend Holdings” or the “Company”; Stock Code: 3396.HK) announced the audited annual results for the year ended December 31, 2024 (the “Reporting Period”). The Company recorded revenue of RMB512,806 million, representing an 18% year-on-year increase; the net profit was RMB7,683 million; the net profit attributable to equity holders of the Company was RMB133 million. During the Reporting Period, Legend Holdings achieved a turnaround from loss to profit, primarily driven by a significant year-on-year growth in the performance of Lenovo in the diversified-industries operation segment, as well as improved investment business in the industrial incubations and investments segment thanks to the market rebound.Mr. Li Peng, Executive Director and Chief Executive Officer of Legend Holdings, stated that in 2024, despite the challenges and opportunities brought by industrial restructuring and upgrading, China has steadily advanced high-quality development. Legend Holdings remained unwavering in its commitment to advancing new quality productive forces and executing its innovation-driven development strategy as core priorities. By maintaining strategic focus, reinforcing its industrial foundation, and enhancing its ability to manage risks, the Company ensured the robust and stable operation of its overall business through continuous technological innovation and management optimization. Additionally, the company capitalized on the technological boom, with its investments in cutting-edge fields delivering sustained value, resulting in a material year-on-year recovery in performance.Legend Holdings actively transformed various factors into actual development results, further strengthening its industrial foundation. During the Reporting Period, Lenovo seized the opportunity of the rise of hybrid artificial intelligence, continuously enhancing its overall profitability. Benefiting from a new wave of PC replacements in the global market, Lenovo reinforced its market leadership in this industry, with a global market share of 24.3%. Specifically, AI PC accounted for 15% of sales in the Chinese PC market in the fourth quarter. As Lenovo further advanced its diversified and differentiated strategy, the non-PC revenue share reached a record high of 46%, reflecting continuous optimization of its business structure. Levima Advanced Materials remained committed to the innovation-driven development strategy, and continued to optimize its product mix and enhance operational management efficiency. Additionally, it strengthened its innovation ecosystem by further enhancing its R&D capabilities and technological reserves across key areas, including new energy materials, biomaterials, and electronic materials, and successfully launched new projects with strong operational efficiency.Amid intensifying global competition in science and technology, Legend Holdings remains firmly committed to China’s national goal of “self-reliance and strength in science and technology”, focusing on key areas such as AI, integrated circuits, new energy, and advanced materials. By actively supporting China’s emerging pillar industries, the Company accelerates the cultivation of specialized and innovative enterprises while reinforcing domestic and controllable supply chains in critical industrial segments. Till now, Legend Holdings Family Group has nurtured 180 national specialized and innovative “little giants”.Sci-Tech Innovation Leadership, Forward-Looking DeploymentLegend Holdings has consistently implemented the innovation-driven development strategy, achieving breakthroughs in cutting-edge and core technology localization. These efforts have contributed to fostering new quality productive forces and deepening the integration of innovation and industrial chains.Artificial intelligence is becoming the core technology leading the new round of technological revolution and industrial transformation. In the AI segment, Lenovo has established a full-stack intelligent technology framework spanning “Device-Edge-Cloud-Network-Intelligence” and the hybrid AI solutions have formed a complete innovation ecosystem from personal smart devices to enterprise-level applications. Notably, the revolutionary Lenovo AI Now personalized intelligent agent has reached an internationally leading standard. The Company has also launched the world’s first DeepSeek training and inference integrated machine, matching the performance of top-tier international computing power, and the world’s first AI PC with DeepSeek models deployed on the device. These innovations create a rich range of “one personal AI, multiple devices”approach application scenarios. Additionally, Legend Holdings has established an ecological advantage in the AI field. Surrounding the AI “device, technology, model, platform and application”, the company invested in over 270 AI-related companies, making it the investment institution with the most complete system, the largest number of companies, and the longest duration in the AI investment field. Among them, companies like Horizon Robotics  (9660.HK), Black Sesame International Holding Limited , (2533.HK), and Pony.ai (PONY.O), have successfully gone public in 2024, and many other companies are in the listing guidance phase. Meanwhile, the Company continued to invest in technological innovation, particularly in AI, with R&D expenses reaching a record high of RMB15.8 billion.During the Reporting Period, driven by the “AI+” strategy, Legend Holdings Family Group has established a leading and exemplary role in multiple vertical fields: AI+education, AI+healthcare, AI+manufacturing and so on, driving traditional enterprises enhance efficiency while accelerating industrial digitalization and intelligent transformation to inject strong momentum into the high-quality development of the real economy.Emerging and future-oriented industries, characterized by dynamic innovation, technology intensity, and vast growth potential, play a pivotal role in national economic and social development and industrial structure optimization, serving as the primary frontier for cultivating new quality productive forces. During the Reporting Period, Legend Holdings’ investment platforms further strengthened their focus on these industries, initiating more than a hundred new investment projects spanning multiple key areas such as artificial intelligence, quantum computing, biotechnology, new energy, semiconductor chips, robotics, big data and cloud computing, medical and healthcare services, and new materials. These efforts have not only assisted numerous startups in overcoming technological bottlenecks, achieving product innovation, and commercializing their products, but also facilitated technological advancements and upgrades in related industries. Notably, in the high-profile embodied AI sector, Legend Holdings has built a portfolio of nearly 40 invested companies.Commitment as Foundation, Responsibility as CoreCorporate social responsibility (CSR) constitutes an integral component of Legend Holdings’ overarching strategy, with systematic, long-term commitments focused on technological innovation and rural revitalization.Established in 2008, the CEO Training Program of Legend Star is dedicated to advancing the integration of technological and industrial innovation in China by providing free, public-benefit training for leaders in tech entrepreneurship, thereby facilitating more effective technology commercialization. Since its establishment, Legend Holdings has consistently invested tens of millions of RMB annually in the program. To date, it has admitted 1,364 outstanding entrepreneurs, including 855 high-tech enterprises spanning semiconductors, AI, biopharmaceuticals, new energy, and advanced materials. As of the end of 2024, participant companies have raised an aggregate financing amount exceeding RMB 420 billion, with an aggregate market capitalization surpassing RMB1.6 trillion, while generating over 450,000 jobs.The “Legend Enterprising Class”scholarship program, targeting underdeveloped regions to provide academic and living support for high school students from low-income families, has been running for 20 years, enabling over thousands of students to transform their lives through education. Concurrently, Legend Holdings partnered with the China Women's Development Foundation to establish the “Revolving Loans for Mothers project”, a public-benefit initiative that has provided interest-free loans and targeted poverty-alleviation funding to rural women for years. The program spans four provinces, and boosts household incomes for local farmers. The aforementioned initiatives have been consistently contributing to talent development and industrial growth in rural revitalization.Furthermore, Legend Holdings has deeply integrated ESG principles into its corporate development strategy. Lenovo has achieved MSCI AAA rating for three consecutive years, making it the only company in China’s non-green industry. It has also collaborated with China’s Ministry of Ecology and Environment to build an AI-driven application platform, contributing technological solutions to global challenges such as climate change and biodiversity conservation. Meanwhile, Levima Advanced Materials has consistently focused on developing green industries including EVA photovoltaic adhesive film materials, biodegradable materials, and lithium-ion battery separator materials, actively supporting for building a “Beautiful China.”Advance to Stabilize, Innovate with IntegrityLooking ahead, Legend Holdings will adhere to its guiding principle of “pursuing progress while ensuring stability” and “upholding fundamental principles, breaking new ground”. The company will accelerate the development of new quality productive forces, and leverage technological innovation to drive high quality development. Legend Holdings will use artificial intelligence as a strategic lever to further deepen its full-stack AI deployment, facilitate the deep integration of AI with the real economy, and cultivate strategic emerging industries and future-oriented industries. The company also aims to establish a benchmark for the green computing industrial chain, contributing to both digital economy and green transformation progress. Through increasing investment in R&D, and driving the industrialization of scientific achievements, Legend Holdings will empower critical technological breakthroughs to further strengthen industrial chain security.Mr. Ning Min, Chairman and Executive Director of Legend Holdings, stated that reflecting on Legend’s 40-year development journey, with guidance and support from various stakeholders and riding the wave of the reform and opening-up, Legenders have made unremitting efforts for China’s economic growth and high-tech industrialization while achieving notable accomplishments. Going forward, Legend Holdings will continue to steadfastly implement its innovation-driven development strategy, remain committed to its original aspiration of revitalizing the country through its industries, carry forward the entrepreneurial spirit and passion, vigorously promote the development of new quality productive forces, conscientiously practice the people-centered development philosophy, actively fulfill social responsibilities, and, through its own growth, make greater contributions to Chinese modernization. Copyright 2025 ACN Newswire via SeaPRwire.com.

Local designer brands featured at ‘Fashion Hong Kong Pop-up Salon’ in Milan

HONG KONG, Mar 31, 2025 - (ACN Newswire via SeaPRwire.com) - The Hong Kong Trade Development Council (HKTDC) launched its inaugural "Fashion Hong Kong Pop-up Salon" in Milan, Italy, introducing the unique creations of some of Hong Kong’s top designers to the global fashion industry. The pop-up store ran at Milan's Corso Garibaldi from 7 to 30 March to showcase works from Hong Kong designer brands, including pieces from four brands that participated in the Fashion Hong Kong London Fashion Show in February, presenting European buyers with consumers designs with a distinctive Hong Kong style, covering fashion, accessories, footwear, and lifestyle products.Various events were held over the period of the Milan pop-up. Supported by the Hong Kong Economic and Trade Office in Brussels, a cocktail reception on 13 March attracted more than 100 Milan-based fashion buyers, media representatives, bloggers and industry insiders. Some of the designers shared their brand stories and product concepts with local media and buyers, enhancing the exposure for Hong Kong brands in the European market and helping to foster cultural and trade exchanges between industry participants from Milan and Hong Kong.  Hong Kong brands showcased in MilanHong Kong fashion brands participating in the Milan pop-up store showcased a range of quality designs, including men's and women's fashion apparel, handbags, accessories and lifestyle products. Maverick & Co. offers a selection of high-quality backpacks and briefcases, showcasing practical aesthetics. DEROR JEWELLERY, La Serenidad, and Love by the Moon each have unique styles, creating exquisite and delicate jewellery pieces. SOULMATTE uses sustainable materials to create women's handbags that combine eco-friendliness and fashion, FEMANCE showcases its signature streamlined handbags, while JARDIN DES FONTAINES brings together adorable and refined fabric bags and scarves. IZSEL offers a fashionable and practical series of rain boots. morphil's eyewear designs combine lightweight materials with classic styles. Get the Pong presents coffee and tea sets that blend functionality and artistry, adding a touch of sophistication to everyday life. And KnitWarm, with its patented technology, skilfully incorporates conductive silver fibre yarns into soft, breathable fabrics to create warming textiles with efficient heat conduction. In addition, four Hong Kong fashion designers who had previously participated in London Fashion Week, including Angus Tsui (brand: ANGUS TSUI), Bettie Jiang (brand: Bettie Haute Couture), Ricky Wong (brand: RICKYYWONG), and Nathan Moy (brand: Z I D I), showcased their striking clothing collections at the Milan pop-up.Crafts on Peel, meanwhile, presented a handmade bamboo console table and a mahjong box crafted from rich mahogany, showcasing the beauty of traditional Hong Kong design and craftsmanship.The business exchange tour from 12 to 14 March was organised by Fashion Hong Kong. Representatives from the Hong Kong brands participating in the Milan pop-up store visited key retail destinations in the city, including La Rinascente Department Store, Orlando Design Gallery and Scalo Milano Outlet, to gain a deeper understanding of the local retail market. In addition, meetings with representatives from the Italian Trade Agency, the Italian Chamber of Fashion Buyers and the ADI Museum were arranged to discuss development trends in the Italian and broader European markets.Fashion Hong Kong returns to ShanghaiFashion Hong Kong has been actively promoting Hong Kong’s diverse designer brands on the global stage since 2015, with a footprint that includes fashion hubs such as New York, London, Paris, Copenhagen, Tokyo, Seoul and Shanghai. Coinciding with Shanghai Fashion Week, which kicked off earlier this week, Fashion Hong Kong is running a pop-up store at the city’s HKRI Taikoo Hui shopping mall from 28 March to 6 April. Featuring collections from seven Hong Kong fashion brands, the temporary outlet will give the brands exposure in Shanghai and help them expand in the domestic market.WebsitesFashion Hong Kong: https://fashionhongkong.com.hk/enPhoto download: https://bit.ly/4kIhte6The Hong Kong Trade Development Council (HKTDC) launched its inaugural "Fashion Hong Kong Pop-up Salon" in Milan, Italy, introducing the unique creations of some of Hong Kong’s top designers to the global fashion industrySupported by the Hong Kong Economic and Trade Office in Brussels, a cocktail reception on 13 March attracted more than 100 Milan-based fashion buyers, media representatives, bloggers and industry insidersSome of the designers shared their brand stories and product concepts with local media and buyers, enhancing the exposure for Hong Kong brands in the European market and helping to foster cultural and trade exchanges between industry participants from Milan and Hong Kong  Hong Kong fashion brands participating in the Milan pop-up store showcased a range of quality designs, including men's and women's fashion apparel, handbags, accessories and lifestyle productsThe business exchange tour from 12 to 14 March was organised by Fashion Hong Kong. Representatives from the Hong Kong brands participating in the Milan pop-up store visited key retail destinations in the city, to gain a deeper understanding of the local retail marketMedia enquiriesPlease contact the HKTDC's Communications and Public Affairs Department:Stanley SoTel: (852) 2584 4049Email: stanley.hp.so@hktdc.orgSnowy ChanTel: (852) 2584 4525Email: snowy.sn.chan@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.

3rd Future Cross Border Payments Summit, Dubai 2025: Trends Shaping the Future of Payments

DUBAI, UAE, Apr 2, 2025 - (ACN Newswire via SeaPRwire.com) - The 3rd Future Cross Border Payments Summit (FXB Payment Summit 2025), Hosted by Fintership and managed by INOEX EVENTS LLC, is set to take place on 15 April 2025 in Dubai. This flagship event will bring together industry leaders, fintech innovators, regulatory experts, and technology providers to explore the transformative trends shaping the future of cross-border payments.  Supported by Foreign Exchange and Remittance Group (FERG), UAE Banks Federation (UBF), and Al Etihad Payments the summit promises to be a dynamic gathering, fostering collaboration and driving forward the future of financial connectivity.As the global payments landscape continues to evolve at an unprecedented pace, the FXB Payment Summit 2025 will serve as a critical platform for addressing the challenges and opportunities in the industry. With themes ranging fromFuture payments landscape - Rapid digital transformation is reshaping payment ecosystems, driving the shift toward instant, seamless, and borderless transactions.Compliance & AML - Strengthening anti-money laundering measures remains a priority as financial institutions balance innovation with regulatory obligationsRegulatory advancements - Governments and central banks are adapting policies to enhance financial transparency and security while fostering fintech innovationFraud risks - The rise of digital transactions brings evolving fraud threats, necessitating robust cybersecurity and AI-driven fraud detection solutionsGrowing fintech ecosystem - Fintech innovations are revolutionizing payments, enhancing financial inclusion, and creating new opportunities for collaborationThe summit will deliver actionable insights and foster collaboration among key stakeholders. “The payment industry is reshaping its position with adaptation of technologies and AI , along with remittance industry which embraces the technology by innovation and providing seamless , frictionless and instant cross boarder remittances.The whole business model and the customers experience are evolving toward a different benchmark, specially with evolving acceptance of CBDC and stable coins.FERG is in the forefront to explore all the latest emerging trends to ensure the competitive advantage of its members and their ability to navigate through such dynamic markets. FXB is one of those well recognized platforms that allow all to explore and gain real insights from practitioners in the industry.” Said Osama Al Rahma, Chairman of Foreign Exchange and Remittance Group (FERG)The event will feature presentations, dynamic panel discussions, fireside chats, and interactive Q&A sessions, covering latest innovations and trends in cross-border payments. A diverse lineup of representatives from both public and private sectors will participate, including Al Maryah Community Bank, RAK Bank, ICICI Bank, Mashreq Bank, Dubai Police, Al Fardan Exchange, BitOasis, Lulu Financial Holdings, H.H. Ruler's Court of Dubai, among many other high-profile organisations.“The global economy is witnessing unprecedented changes and accelerated developments that impact all industries and the banking and financial sector is not an exception. Adopting advanced technologies in payments is key to driving economic growth, enhancing financial inclusion, and boosting efficiency. However, we need to strike the right balance between keeping pace with the latest technologies to meet the growing demands of our customers and complying with regulations, ensuring security, transparency, and trust in the financial system. As the sole representative and unified voice of UAE banks and FIs, UBF works closely with Central Bank of the United Arab Emirates (CBUAE) and all stakeholders including UBF members like banks and FERG, all of whom are under the direct supervision of Central Bank of the UAE, to develop and implement payment solutions further and enhance socio-economic development,” said Jamal Saleh, Director General, UAE Banks FederationWe are thrilled to present an exceptional lineup of speakers who will discuss progress in payments industry, address compliance challenges, and the Banks, Exchange Houses and Fintech pivotal role in these efforts. The summit will also explore topics such as digital shift with technology, cloud, RPA, cybersecurity and other critical issues shaping our industry.To register for the Summit, visit https://fxbsummit.com/register/About the Future Cross Border Payments SummitThe FXB Summit is a premier global event dedicated to advancing the cross-border payments industry. Managed by INOEX EVENTS LLC, the summit brings together key stakeholders to discuss the latest trends, challenges, and opportunities in the payments ecosystem.For more information, please contact:INOEX EVENTS LLCEmail: Parul@inoexglobal.comPhone: +971 55 215 9280Register Now:Don’t miss this opportunity to be part of the future of cross-border payments. Register today at https://fxbsummit.com/register/ Copyright 2025 ACN Newswire via SeaPRwire.com.

EdgePoint Towers Appoints Ravin Vickneswaran as Chief Operating Officer

KUALA LUMPUR, Apr 2, 2025 - (ACN Newswire via SeaPRwire.com) - EdgePoint Towers Sdn Bhd, a part of EdgePoint Infrastructure, a leading ASEAN-based independent telecommunications infrastructure company, is pleased to announce the appointment of Ravin Vickneswaran as Chief Operating Officer of EdgePoint Towers. Ravin has been with EdgePoint since 2021 and has extensive experience spanning over 25 years in the local and international telecommunications industry.EdgePoint Towers Appoints Ravin Vickneswaran as Chief Operating OfficerAs Chief Operating Officer, Ravin will work closely with teams across the organization to drive the company's vision across various departments, including Engineering & Implementation, Property & Permitting and Operations & Maintenance. He will also lead teams towards enhancing service offerings, boosting customer satisfaction, ensuring the successful implementation of ESG practices, strengthening partnerships and driving the adoption of new technologies. In addition, Ravin will retain his previous portfolio in EdgePoint, continuing to lead the Innovations team.Speaking on his new role, Ravin shared, "I am thankful to step into this new role at such a transformative time for the industry. As Malaysia accelerates its 5G rollout, Edgepoint Towers remains committed to delivering future-ready infrastructure that enables seamless connectivity. Collaboration with our customers is at the heart of our strategy, ensuring we provide innovative and reliable solutions that support their evolving needs. Continuing to work alongside my talented colleagues, we aim to foster strong partnerships, drive operational excellence, and play a key role in advancing the nation’s digital transformation."Muniff Kamaruddin, Chief Executive Officer of EdgePoint Towers said, “We are pleased to see Ravin advance in his career at EdgePoint. As we rapidly scale in Malaysia, it is crucial that we expand our management bench strength, and Ravin’s expertise will be key in this effort. His proven leadership, operational expertise, and strong execution capabilities will be instrumental in ensuring the Company’s continued success. Ravin’s deep understanding of the industry and customer needs has enabled him to build high-performing teams who have delivered innovative solutions across various industries in Malaysia, even winning two international awards in the past three years. With his track record, we are confident that Ravin will drive our business forward and strengthen our position as a partner of choice for digital infrastructure solutions in Malaysia.”Ravin has served as Vice President of In-Building Coverage and Innovation at EdgePoint since 2021 and has been instrumental in growing the company’s IBC and small cells portfolio. Prior to joining EdgePoint, he has held key senior positions in telecommunications companies in Malaysia and Myanmar namely, Head of 5G Enterprise Business in Celcom Axiata Berhad, Director of APAC Operations at Flexenclosure AB, and Manager at Maxis Communications Berhad.To date, EdgePoint Towers is the second largest independent telecommunications infrastructure company in Malaysia with 1,800 sites in its portfolio.  ****ABOUT EDGEPOINT INFRASTRUCTUREEdgePoint Infrastructure is an ASEAN based independent telecommunications infrastructure company that aspires towards Building a Connected, Digital ASEAN. Headquartered in Singapore with operations in Malaysia, Indonesia and the Philippines, through EdgePoint Towers Sdn Bhd, PT Centratama Telekomunikasi Indonesia, Tbk and EdgePoint Towers Inc. respectively, the company is focused on providing sharable and leading-edge telecom structures, small cells and in-building systems. EdgePoint aims to be an industry leader through scale and innovation, driving operational efficiencies through the adoption of analytics and digital technologies.For more information on EdgePoint, please visit https://edgepointinfra.com/.  Copyright 2025 ACN Newswire via SeaPRwire.com.

Avenix Fzco Introduces Avexbot: Data-Driven Precision for Forex Traders

LIMASSOL, CYPRUS, Apr 2, 2025 - (ACN Newswire via SeaPRwire.com) - Avenix Fzco announces the launch of Avexbot, an advanced algorithmic trading system leveraging high-quality tick data to enhance forex trading accuracy. ​In 2025, the trading world is buzzing about the importance of top-notch data, the quality of your data can make all the difference between success and failure. There's a growing trend towards using top-notch data processing to supercharge trading strategies. Avexbot, developed by Avenix Fzco, is leading the charge by seamlessly integrating high-quality data into its algorithmic framework, giving traders a real edge in the competitive forex market.Why Quality Data Matters More Than EverGood trading is all about timing and accuracy. But in fast-moving markets, relying on outdated or poor-quality data can skew analysis and lead to missed or misjudged trades. That's why dependable, high-resolution tick data is essential. It enables trading systems to track market behavior with more clarity and accuracy, turning raw numbers into real insight.Foundations Built on PrecisionAvexbot has been built and refined using 100% quality tick data from Tick Data Suite (Thinkberry SRL). This long-term, high-resolution dataset gives Avexbot the foundation to interpret market conditions accurately, shape its strategies around reliable inputs, and minimize false signals or missed setups.Practical Features for Informed DecisionsAvexbot's design puts this data to work with a feature set geared toward clear, disciplined trading:- Candlestick-Based Momentum Mapping: Avexbot calculates average candlestick values over specific periods based on its examination of daily chart data. This methodology serves as the foundation for identifying market trends and determining opportune moments to enter trades. ​- Built for GBP/USD on M15: Focused on one of the most traded currency pairs, it balances opportunity and control with a 15-minute timeframe.- Intelligent Risk Management: Includes automatic stop-loss settings and real-time position sizing adjustments, adapting to shifting market conditions to protect capital.What's Next for Algorithmic TradingWith algorithmic trading expected to grow from $19.95 billion in 2024 to over $22 billion in 2025, quality data and adaptable infrastructure are fast becoming the new standard. Traders using systems built on strong data foundations will be better equipped to handle volatility and evolve with the market.Avexbot reflects this movement, where clean data meets careful execution. It's not about chasing trends, but about building a trading system that holds up over time.About AvexbotAvexbot is dedicated to providing innovative trading solutions, combining advanced algorithms with expert market insights to enhance forex trading efficiency. Designed for both novice and experienced traders, its expert advisors (EAs) streamline decision-making and maximize profitability. Learn more at https://avexbot.com/.Media contactBrand: AvexbotContact: PR teamEmail: support@avexbot.comWebsite: https://avexbot.com/ Copyright 2025 ACN Newswire via SeaPRwire.com.

Euro Manganese Announces Upsize to Previously Announced Financing of up to C$11.2m (A$12.3m) including a Private Placement with Eric Sprott

HighlightsDue to strong demand Euro Manganese has upsized the previously announced C$5.9m (A$6.5m) placement to C$9.8m (A$10.8m) and the condition to raise C$8m has been metEric Sprott, through 2176423 Ontario Ltd., confirms participation for C$3.0m (A$3.3m)European Bank for Reconstruction and Development subscription increased to approximately C$3.9m (A$4.2m)Share Purchase Plan ("SPP") for certain eligible ASX shareholders revised to up to A$1.5m (C$1.4m). Orion Resource Partners ("Orion") to fund any shortfall under the SPP for up to A$1.5mAnnual and special meeting of shareholders rescheduled to May 15, 2025Vancouver, British Columbia--(ACN Newswire via SeaPRwire.com - April 1, 2025) - Euro Manganese Inc. (TSXV: EMN) (ASX: EMN) (FSE: E06) (the "Company") today announced that, due to strong investor demand, the previously announced financing on March 6, 2025, including a placement in the Company (the "Placement") of common shares ("New Shares") and CHESS Depositary Interests ("New CDIs") (together, "New Securities"), has been upsized to up to C$9.8m (approximately A$10.8m)1 and the condition to raise C$8m has been met. Proceeds will be used to support ongoing development of the Chvaletice Manganese Project and customer engagements to secure additional offtake term sheets and strategic investments.All defined terms in this press release have the same meaning as set out in the March 6, 2025, press release, unless such terms are otherwise defined herein.Euro Manganese is pleased to report that Mr. Eric Sprott, through 2176423 Ontario Ltd., a corporation which is beneficially owned by him, has agreed to subscribe for 16,666,666 (PC - 83,333,330) New Securities for an investment of C$3.0m (approximately A$3.3m). The European Bank for Reconstruction and Development ("EBRD") has increased its investment to approximately C$3.9m (approximately A$4.2m). Additionally, the Company is reducing the previously announced Share Purchase Plan ("SPP") amount to up to A$1.5m (approximately C$1.4 m), subject to receiving regulatory approval from the TSX Venture Exchange ("TSXV") for the amount of units that form part of the SPP under the Equity Raising (defined below).As previously announced on March 6, 2025 and March 31, 2025, the Company undertook a consolidation of its existing securities, including all shares represented by CDIs on the Australian Securities Exchange ("ASX"), at a ratio of five (5) pre-consolidation shares to one (1) post-consolidation share (the "Consolidation"). Subscriptions for all New Securities in the Equity Raising will be completed on a post-Consolidation basis. For the avoidance of doubt, all references to New Securities, Warrants, Broker Warrants, Additional Warrants and all per Share or per CDI dollar figures in this news release are on a post-Consolidation basis. Pre consolidation figures ("PC") are shown in brackets.Martina Blahova, Interim CEO of Euro Manganese, commented:"We are extremely pleased with the robust support demonstrated by both our existing shareholders and new investors, including the notable participation of Mr. Eric Sprott. This strong response, alongside the continued support from EBRD and Orion, underscores the strategic significance of the Chvaletice Manganese Project to Europe's critical minerals independence and supply chain security, a conviction further reinforced by the recent designation of the Chvaletice Manganese Deposit as a Strategic Deposit by the government of the Czech Republic and the Project's recognition as a Strategic Project under the EU's Critical Raw Materials Act."Details of the Placement and the SPPThe Company has rescheduled the date of its Annual and Special General Meeting ("ASGM") from April 22, 2025, to May 15, 2025, where shareholders will be asked to approve the issuance of New Securities and Warrants to be issued under the Placement and the SPP (collectively referred to as the "Equity Raising"). The Company will file a management information circular in connection with the ASGM in due course in accordance with applicable securities laws. The Equity Raising, and all terms related thereto, remain subject to the approval of the TSX-V.Details of the PlacementThe Placement consists of an aggregate of 54,578,350 (PC -272,891,772) New Securities (comprised of 39,671,662 (PC -198,358,310) New Shares and 14,906,688 (PC - 74,533,462 New CDIs)) and 54,578,350 (PC - 272,891,772) Warrants for aggregate gross proceeds of C$9.8m (approximately A$10.8m)1 which will be subject to shareholder approval as required by Listing Rules 7.1, 10.11.1 and 10.11.4 of the ASX to be sought at the ASGM. Warrants issued in connection with the Placement will be exercisable any time prior to the date that is 18 months from the closing of the Placement and have an exercise price of C$0.225 (PC - C$0.045) per New Security.Included in the Placement are:(i) subscriptions are to be issued in excess of the number permitted under ASX Listing Rule 7.1, which includes:14,650,278 (PC - 73,251,410) New CDIs and 14,650,278 (PC - 73,251,410) Warrants subscribed for under the Placement led by the Joint Lead Managers (as defined below) for aggregate gross proceeds of A$2.9m (approximately C$2.6m);21,400,000 (PC - 107,000,000) New Shares and 21,400,000 (PC - 107,000,000) Warrants subscribed for by EBRD for gross proceeds of C$3.9m (approximately A$4.2m) (the "EBRD Subscription");18,063,331 (PC - 90,316,655) New Shares and 18,063,331 (PC - 90,316,655) Warrants subscribed for directly with the Company for gross proceeds of C$3.3m (approximately A$3.6m), which include 16,666,666 (PC - 83,333,330) New Shares and 16,666,666 (PC - 83,333,330) Warrants subscribed for by Mr. Eric Sprott, through 2176423 Ontario Ltd. a corporation which is beneficially owned by him, for gross proceeds of C$3.0m (approximately A$3.3m) (the "Sprott Subscription"); and(ii) subscriptions by related parties of the Company (consisting of directors of the Company and companies controlled by directors of the Company) for 464,741 (PC - 2,323,707) New Securities (comprised of 208,331 (PC - 1,041,655) New Shares and 256,410 (PC - 1,282,052) New CDIs) and 464,741 (PC- 2,323,707) Warrants for gross proceeds of C$83,000 (approximately A$91,200) ("Related Party Subscription"), which are subject to approval by the Company's shareholders as required by ASX Listing Rule 10.11.1 and 10.11.4.Since certain directors and management of the Company are expected to participate in the Related Party Subscription, the Conditional Placement is expected to be a related party transaction subject to Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company intends to rely on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(1)(a) of MI 61-101 on the basis that participation in the Conditional Placement by such directors and management is not expected to exceed 25% of the fair market value of the Company's market capitalization, as calculated in accordance with MI 61-101.Updated Details of the Share Purchase PlanDetails of the SPP were announced on March 6, 2025. The SPP will be reduced to up to A$1.5m (approximately C$1.4m) (the "SPP Subscription"), subject to receiving regulatory approval from the TSXV for the units that comprise the SPP under the Equity Raising. The SPP will include 7,692,307 (PC - 38,461,535) New CDIs and 7,692,307 (PC - 38,461,535) Warrants exercisable any time prior to the date that is 18 months from the date of issue of the Warrants, with an exercise price of C$0.225 (PC - C$0.045) per New Security. Orion has agreed to fill any shortfall under the SPP (at the Equity Raising Price) up to a maximum of A$1.5 million. The New CDIs and Warrants issued under the SPP will also be subject to shareholder approval at the ASGM under ASX Listing Rule 7.1. The record date for the SPP remains the same as disclosed on March 6, 2025, and the rest of the indicative timetable has changed as set out below.The Company retains the right to accept applications for the SPP (in whole or part) at its absolute discretion (subject to applicable law including compliance with the ASX Listing Rules). The Company may also cancel the SPP if the Company's Board of Directors determines it is in the best interest of the Company, after considering the final amount of units approved by the TSXV for the Equity Raising.European Bank for Reconstruction and DevelopmentWith the Sprott Subscription, the Company has now successfully secured additional funding that will satisfy the EBRD condition that the Company raise at least C$8 million (A$8.8m), assuming the Company receives shareholder approval at the ASGM. EBRD has increased its subscription to C$3,852,000 (approximately A$4.2m) given the upsizing of the Equity Raising. Prior to the completion of the EBRD Subscription, EBRD owns 3,560,000 common shares, representing an ownership interest of 4.42% of the issued and outstanding common shares. On completion of the EBRD Subscription, EBRD's ownership interest will be, in aggregate (including the common shares it currently owns) 24,960,000 common shares, representing an ownership interest of 17.48% of the issued and outstanding common shares and an increase of 13.06%. Assuming the exercise by EBRD of all its Warrants, and assuming the exercise of (i) all Warrants issued under the Equity Raising, (ii) all Warrants issued under the SPP Subscription, and (iii) all Additional Warrants, EBRD's ownership interest will be in aggregate 46,360,000 common shares, representing an aggregate beneficial ownership interest of 19.96% of the issued and outstanding shares and an increase of 15.54%. EBRD has agreed, pursuant to the terms of the Warrants issued to EBRD, that for so long as the Company is listed on the TSXV, unless approval from the TSXV and disinterested shareholders of the Company have been obtained pursuant to the policies of the TSXV (provided that such approval is required at the relevant time), EBRD will not be permitted to exercise such number of warrants that would result in it beneficially owning more than 19.99% of the outstanding common shares of the Company.Broker Fees and Additional WarrantsCanaccord Genuity (Australia) Limited ("Canaccord Genuity") and Foster Stockbroking Pty Ltd ("FSB") are acting as Joint Lead Managers and Bookrunners for the Equity Raising (together the "Joint Lead Managers"). Aggregate fees payable in cash by the Company to Canaccord Genuity and FSB in connection with the Placement and the SPP will be 6% of the aggregate gross proceeds from the Placement and SPP to a cap of C$8 million (A8.8m).Additionally, Canaccord Genuity and FSB will be issued 4,904,478 (PC - 24,522,396) broker warrants ("Broker Warrants"), representing 12% of the aggregate number of New Securities issued under the Placement and the SPP, excluding those issued pursuant to the EBRD Subscription, exercisable any time prior to the date that is 24 months from the date of issue of the Broker Warrants, with an exercise price of C$0.225 (PC - C$0.045) per New Security. As the number of Broker Warrants, together with the New Securities and Warrants to be issued under the Placement, exceeds the maximum number of securities that can be issued by the Company under ASX Listing Rule 7.1, this issuance will also be subject to approval by the Company's shareholders at the ASGM.Additionally, as announced previously on December 3, 2024, the Company agreed, subject to receipt of TSX-V approval, to issue to Orion 22,263,733 (PC - 111,318,665) warrants to purchase Shares (the "Additional Warrants"), exercisable any time prior to the date that is 18 months from the closing of the Placement, with an exercise price of C$0.225 (PC - C$0.045) per New Security. As the number of the Additional Warrants exceeds the maximum number of securities that can be issued by the Company under ASX Listing Rule 7.1, this issuance will also be subject to approval by the Company's shareholders at the ASGM.The securities to be issued or made issuable under the Equity Raising, as well as the Additional Warrants, have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold in the United States or to U.S. Persons absent registration or an applicable exemption from registration. This press release is not an offer or a solicitation of an offer of securities for sale in the United States, nor will there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.Applicable Hold PeriodsNew Shares issued or made issuable will not be permitted to be traded in or into Canada or through TSXV for 4 months and 1 day following completion and will be subject to legending requirements under Canadian securities laws. New Shares will be listed on the TSXV, and New CDIs listed on the ASX. Warrants will not be listed. New CDIs will not be permitted to be exchanged for common shares and traded on TSXV for 4 months and 1 day from their date of issue.Common shares issued upon exercise of the Warrants, Broker Warrants or Additional Warrants during the four-month period and 1 day after their respective date of issue are subject to the same restrictions noted above.The Warrants, Broker Warrants or Additional Warrants may not be traded in or into Canada for 4 months and 1 day following completion and will be subject to legending requirements under Canadian securities laws.Updated Indicative Equity Raising Timetable The following indicative timetable assumes A$1.5m SPP and is subject to the Company receiving TSXV approval for the amount of units that form part of the SPP under the Equity Raising. VancouverAustraliaSPP Record Daten/aWednesday, March 5, 2025Share Purchase Plan Opensn/aWednesday, April 16, 2025Share Purchase Plan Closesn/aWednesday, April 30, 2025Meeting to approve the Equity Raising and related mattersThursday, May 15, 2025Friday, May 16, 2025Settlement of New Securities Issued under the Equity RaisingWednesday, May 21, 2025Thursday, May 22, 2025Allotment of New Securities issued under the Equity RaisingThursday, May 22, 2025Friday, May 23, 2025 About Euro ManganeseEuro Manganese is a battery materials company focused on becoming a leading producer of high-purity manganese for the electric vehicle industry. The Company is advancing development of the Chvaletice Manganese Project in the Czech Republic and exploring an early-stage opportunity to produce battery-grade manganese products in Bécancour, Québec.The Chvaletice Project is a unique waste-to-value recycling and remediation opportunity involving reprocessing old tailings from a decommissioned mine. It is also the only sizable resource of manganese in the European Union, strategically positioning the Company to provide battery supply chains with critical raw materials to support the global shift to a circular, low-carbon economy.Euro Manganese is dual listed on the TSX-V and the ASX.www.mn25.caAuthorized for release by the Interim CEO of Euro Manganese Inc.Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) or the ASX accepts responsibility for the adequacy or accuracy of this release.EnquiriesMartina BlahovaInterim Chief Executive Officer+1 (604) 681-1010martina@mn25.caLodeRock AdvisorsNeil WeberInvestor and Media Relations - North America+1 (647) 222-0574neil.weber@loderockadvisors.comJane Morgan ManagementJane MorganInvestor and Media Relations - Australia+61 (0) 405 555 618 jm@janemorganmanagement.com.au Company Address: #709 -700 West Pender St., Vancouver, British Columbia, Canada, V6C 1G8Website: www.mn25.caForward-Looking StatementsCertain statements in this news release constitute "forward-looking statements" or "forward-looking information" within the meaning of applicable securities laws. Such statements and information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance, or achievements of the Company, its Chvaletice Project, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as "may", "would", "could", "will", "intend", "expect", "believe", "plan", "anticipate", "estimate", "scheduled", "forecast", "predict" and other similar terminology, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.Readers are cautioned not to place undue reliance on forward-looking information or statements. Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements and, even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, the Company.Such forward-looking information or statements also include, but are not limited to, statements regarding the Company's intentions regarding the development of the Chvaletice Project, statements regarding the terms of the Placement, including completion thereof, the anticipated closing dates of the Placement, receipt of necessary regulatory approvals, the holding of the shareholder meeting, the use of proceeds of the Placement and the SPP, the issuance of the Additional Warrants, the terms of the SPP, including completion thereof, and any participation by Orion, statements regarding the Consolidation, including completion thereof.All forward-looking statements are made based on the Company's current beliefs including various assumptions made by the Company including that the Chvaletice Project will be developed and operate in accordance with current plans, that the Company will be able to raise the financing that it requires, and that it will meet conditions of its secured credit facility. Factors that could cause actual results or events to differ materially from current expectations include, among other things: risks and uncertainties related to maintaining necessary licenses or permits; risks related to acquisition of surface rights; securing sufficient offtake agreements; the availability of acceptable financing, and risks related to granting security; developments in EV (Electric Vehicles) battery markets and chemistries; and risks related to fluctuations in currency exchange rates, changes in laws or regulations; and regulation by various governmental agencies. For a further discussion of risks relevant to the Company, see "Risk Factors" in the Company's annual information form for the year ended September 30, 2024, available on the Company's SEDAR+ profile at www.sedarplus.ca.Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, the Company does not assume any obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this news release.NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/246916 Copyright 2025 ACN Newswire via SeaPRwire.com.

CIMC Group Announces 2024 Annual Results

HONG KONG, Mar 28, 2025 - (ACN Newswire via SeaPRwire.com) - China International Marine Containers (Group) Co., Ltd. (“CIMC Group” or the “Group”, stock code: 000039.SZ/02039.HK) is pleased to announce the audited annual results for the 12 months ended 31 December, 2024 (the “Reporting Period” or the “Year”).Financial HighlightsPerformance Highlights01. Profits of offshore engineering-related industries improved by nearly 900 million: The manufacturing division achieved its first-ever profit turnaround. CIMC Raffles' revenue in 2024 increased by 58% year-on-year to RMB 16.556 billion, with a net profit of approximately RMB 224 million, and the gross profit margin increased by 7.8 percentage points to 12.8% in the second half of the year. During the Reporting Period, new effective orders for the offshore engineering division increased by 93.5% year-on-year to US$3.25 billion, a record high. Net profit of the financial and asset management division improved significantly by approximately RMB 640 million; the rental rate of drilling platform jack-up platforms was up by 100%, and the rental rate of Deepsea Yantai semi-submersible drilling platforms by more than 20%.02. Container manufacturing business achieves record-high performance: In 2024, dry cargo container sales experienced a year-on-year growth of 417.03%. The container manufacturing segment recorded a net profit of RMB 4.088 billion, up 128% year-on-year, with the gross profit margin increasing quarter by quarter.03. Steady performance in core segments of road transportation vehicles and energy, chemical & liquid food equipment business: In 2024, CIMC Vehicles saw a 12.02% year-on-year increase in semi-trailer sales in China, maintaining its no.1 market share in the country for the sixth consecutive year, with revenue growing against market trends. CIMC Enric recorded over RMB 10 billion in new orders for its marine clean energy-related business, setting a new record.04. The structure of interest-bearing debt continued to be optimized: The interest-bearing debt ratio dropped to 22.4%, and, by the end of the year, 1.89 billion floating interest-bearing US dollar bonds had been replaced, optimizing financing costs.The Group’s management said, "In 2024, despite the global operating environment remaining complex and competitive, the Group continued to act pragmatically to deepen its core businesses, optimize order quality, and advance its various business segments in a coordinated manner, solidifying its strong manufacturing advantages and charting a new blueprint for high-quality development in the services sector. Leveraging its continuously strengthened global operational platform, the Group captured customer demand across regions, mitigated risks from single-market fluctuations, and achieved steady, quality growth.In 2024, adhering to the principles of seeking progress while maintaining stability and upholding integrity while innovating, the Group capitalized on its global presence to navigate headwinds and achieve consecutive quarterly performance improvements. For the full year, the Group achieved record-high revenue of RMB 177.664 billion, a 39.01% year-on-year increase. Net profit attributable to shareholders surged 605.60% year-on-year to RMB 2.972 billion. Overseas and domestic revenue accounted for approximately 54% and 46%, respectively, capturing comprehensive growth opportunities across regional markets."Segments Results (RMB million)2024 Business indicatorsRevenueAs % of the total revenueGross profitAs % of the gross profitGross profit marginNet profitContainer manufacturing62,20535.0%9,69943.6%15.6%4,088Logistics services31,38917.7%1,9398.7%6.2%437Road transportation vehicles20,99811.8%3,42715.4%16.3%1,081Energy, chemical, and liquid food equipment25,57914.4%3,53315.9%13.8%732Offshore engineering16,5569.3%1,5086.8%9.1%224Core Business PerformanceThe container manufacturing business achieved outstanding performance once again, with the production and delivery volume of standard containers reaching a historic high. During the Reporting Period, global demand for goods trade picked up, and according to the report issued in February 2025 by CLARKSONS (a global authoritative industry analyst), global container trade volume increased by 5.9% year-on-year to 213 million TEUs in 2024; at the same time, the detour of European routes brought about by the Red Sea Incident and the port congestion caused by the strike of terminal workers resulted in lowered efficiency of container transportation, and increased container demand. Resultantly, during the Reporting Period, the production and sales volume of the Group’s container manufacturing business hit a record high. In particular, the accumulated sales volume of dry containers reached 3,433,600 TEUs (same period in 2023: 664,100 TEUs), representing a year-on-year increase of approximately 417.03%. The accumulated sales volume of reefer containers reached 138,600 TEUs (same period in 2023: 92,500 TEUs), representing a year-on-year increase of approximately 49.84%. In 2024, the container manufacturing business of the Group recorded a revenue of RMB 62.205 billion (same period in 2023: RMB 30.213 billion), representing a year-on-year increase of 105.89%, and a net profit of RMB 4.088 billion (same period in 2023: RMB1.794 billion), representing a year-on-year increase of 127.84%.In the logistics services business, during the Reporting Period, global merchandise trade showed a rebound in growth, driving strong cargo demand in the international container transportation market. Meanwhile, the substantial rebound in the freight rates of container transportation contributed to the growth in demand in the air and land transportation markets. In 2024, the Group's logistics services business continued to strengthen its direct customer acquisition capabilities. The business volume of its key core products saw growth ranging from 2% to 49%, achieving operating revenue of RMB 31.389 billion (same period in 2023: RMB 20.166 billion), representing a year-on-year increase of 55.65%, and a net profit of RMB 437 million (same period in 2023: RMB 187 million), representing a year-on-year increase of 133.27%. The yard business volume reached a new record high, with over 7.5 million TEUs of empty containers in and out of the yards for the whole year. During the Reporting Period, CIMC Wetrans ranked third among Chinese enterprises on the list of the 2024 Top 50 Ocean Freight Forwarders issued by Transport Topic, an authoritative magazine in the global logistics industry.In the road transport vehicle business, CIMC Vehicles deepened its implementation of the "Star-Chained Plan", achieving new-quality leadership. In 2024, despite a sluggish global commercial vehicle logistics market, the “Star-Chained Plan” enabled CIMC Vehicles to consolidate domestic semi-trailer factory resources and leverage superior product competitiveness to overcome challenges. This drove counter-cyclical growth in domestic vehicle sales and solidified its overseas market advantages. CIMC Vehicles increased its semi-trailer sales in the domestic market by 12.02% year-on-year, securing the nation’s top market share for the sixth consecutive year. Revenue grew against market headwinds, supported by strategic adjustments. The Company also aligned with new energy trends by launching its first pure electric tractors and trailers product. For 2024, CIMC Vehicles reported a revenue of RMB 20.998 billion (same period in 2023: RMB 25.087 billion), down 16.30% year-on-year, and net profit of RMB 1.081 billion (same period last year: RMB 2.448 billion), down 55.83% year-on-year. The decline primarily reflects the normalization of North American business from previously elevated levels. Additionally, in 2023, CIMC Vehicles generated a non-recurring gain of approximately RMB 848 million from the disposal of its equity in Shenzhen Special Vehicle.In the Energy FieldIn the offshore engineering business, the Group achieved its first profit turnaround. In 2024, the global shipping and offshore engineering market environment continued to improve, and international oil prices were at a relatively high level, which still had a promoting effect on the oil and gas production platforms. The continuous growth in marine operation activities drove the utilisation ratio and the rental for offshore engineering equipment to be on the rise, while the offshore engineering equipment market continued to recover. During the Reporting Period, CIMC Raffles secured new offshore engineering orders totaling US$ 3.250 billion (same period in 2023: US$ 1.680 billion), including the maintenance and reconstruction of one FLNG, two turnkey projects for FPSO hull construction, three ro-ro ships, and orders for other clean energy projects. As of the end of 2024, the accumulated value of orders on hand increased by 27% to US$ 6.920 billion (same period in 2023: US$ 5.470 billion), of which the proportion of the oil and gas business, wind power installation vessels and ro-ro ships was approximately 3:1:1. The manufacturing of these orders has been booked up to 2027. During the Reporting Period, the offshore engineering business of the Group recorded a revenue of RMB 16.556 billion (same period in 2023: RMB 10.452 billion), representing a year-on-year increase of 58.41%, and a net gain of RMB 224 million (same period in 2023: net loss of RMB 31 million).In the offshore engineering asset operation, the slow recovery of the global macro-economy and the volatility of crude oil prices continued to affect the global offshore drilling market. With intensifying market competition, both utilisation rate and rates of offshore drilling faced pressure market in the second half of the year, while oil companies re-examined new energy transformation, adjusted development strategies, slowed down the pace of transformation, and re-focused on oil and gas production. During the Reporting Period, the offshore engineering asset operation and management business of CIMC continued to leverage on its existing project experience and business capabilities, further consolidated its cooperative relationship with customers at home and abroad, and capitalised on its excellent offshore engineering platform operation and management capabilities to improve asset rental rates, successfully signing new lease contracts for 2 platforms. In 2024, the offshore engineering asset pool platform actively capitalized on asset revitalization opportunities, achieving a year-on-year increase in leasing and operational income and a notable reduction in losses.In the energy, chemical, and liquid food equipment business, the Group has overcome cyclical misalignment and fluctuations, supporting the global demand for energy transition. The revenue growth and orders for clean energy have been remarkable, and the Group has continued to enhance its overseas business presence and upstream capabilities in hydrogen energy. In particular, the global shipping industry is accelerating its green transformation, and the cumulative new orders for CIMC Enric’s marine clean energy business exceeded RMB 10 billion, reaching a new high; the sales revenue of LNG vehicle cylinders reached RMB 1.140 billion, representing a year-on-year increase of 31%, reaching a historical high. In the chemical sector, the Group has maintained the number one global market share in tank containers for several consecutive years. In the liquid food segment, the Group seized growth opportunities in the domestic spirits market, achieving a year-on-year increase in revenue. Overall, this business achieved a revenue of RMB 25.579 billion (same period in 2023: RMB 25.026 billion), representing a year-on-year increase of 2.21%, and net profits of RMB 732 million (same period in 2023: RMB 854 million), representing a year-on-year decrease of 14.31%.Future Development and ProspectsThe Group's management stated, "Looking ahead to 2025, the Group will continue to deepen the implementation of its Five-Year Strategic Plan and the strategic theme of “accelerating the construction of new growth drivers and focusing on promoting high-quality development” and coordinate the reasonable growth of “quantity” and the effective improvement of “quality”, to ‘become a high-quality and respected world-class enterprise’.In terms of driving new growth momentum, CIMC Group will seize significant opportunities in green development and new quality production, actively expanding our strategic emerging business layout in areas such as clean energy and smart logistics. Balancing globalization, we will explore development opportunities in emerging markets such as Southeast Asia and the Middle East, and focus on upgrading core products and achieving breakthroughs in key technologies, advancing toward higher-value segments of the industrial chain. For high-quality development, we will prioritize improving quality and efficiency to achieve stable and sustainable returns on resource investments. Additionally, we will strengthen technological innovation and digitalization to further enhance product competitiveness while fostering strategic partnerships and industrial collaboration to establish high-quality development relationships.The year 2025 marks a critical milestone for CIMC Group in our journey of "reaching higher." We will continue to face challenges boldly and persevere with determination, seeking breakthroughs in adversity and crafting new chapters amid challenges. We aim to reward all shareholders through our steady and solid performance!”About China International Marine Containers (Group) Co., Ltd.The CIMC Group is a world-leading equipment and solution provider in the logistics and energy industries, and its industry cluster mainly covers logistics and energy fields, strengthening its position as a global market leader. In the logistics field, the Group still adheres to taking container manufacturing business as its core business, based on which to develop road transportation vehicles business, airport facilities and logistics equipment/fire safety and rescue equipment business and to a lesser extent, logistics services business and recycled load business providing products and services in professional field of logistics; in the energy field, the Group is principally engaged in energy/chemical/liquid food equipment business and offshore engineering business; meanwhile, the Group also continuously develops emerging industries and has finance and asset management business that serves the Group itself. As a diversified multinational industrial group that shoulders the mission of global serving, CIMC owns a total of 4 listed companies and over 300 member enterprises in Asia, North America, Europe, Australia, and others, and extensive customers and sales networks covering more than 100 countries and regions. During the year, the Group recorded a revenue of RMB 177.664 billion, with gross profit margin remained remaining at 12.52% and net profit of RMB 4.195 billion. The Group was ranked 179th in the Fortune 500 China 2024. For more information, please visit http://www.cimc.com/. Copyright 2025 ACN Newswire via SeaPRwire.com.

Fosun’s Stable Fundamentals Support its Clear Growth Path

HONG KONG, Apr 1, 2025 - (ACN Newswire via SeaPRwire.com) - Fosun International (HKEX: 0656), which is committed to advancing its core business-focused and business streamlining strategy, announced its 2024 annual results on 30 March.According to the results announcement, in 2024, Fosun International’s total revenue reached RMB192.14 billion, representing a slight decrease of 3.1% from 2023. Its four core subsidiaries – Yuyuan, Fosun Pharma, Fosun Insurance Portugal, and Fosun Tourism Group (“FTG”) – generated a total revenue of RMB134.65 billion, accounting for 70.1% of the Group’s total revenue. Due to a one-off book loss related to an individual investment during the reporting period, the Group’s loss attributable to owners of the parent for the year amounted to RMB4.35 billion.“In the past year, we sustained steady growth momentum and demonstrated robust resilience in the face of global economic fluctuations and market challenges. We continuously advanced our core business-focused and business streamlining strategy by divesting non-core assets and heavy assets to focus on core operations, reduce debt, and optimize our capital structure. In the course of asset divestment, the adjustment in the carrying value of an individual investment impacted our 2024 financial performance. Nonetheless, Fosun’s overall operational fundamentals remain stable, the core businesses are under healthy development, and the industrial operation profits and operating cash flows stay healthy and stable,” Guo Guangchang, Chairman of Fosun International, stated in the letter to shareholders.CITIC Securities released a research report based on Fosun International’s 2024 annual results on 30 March, stating that the company’s industrial operations remain stable, while the loss is mainly attributable to the one-off impairment from its investment. In fact, excluding the one-off non-cash impairment loss, Fosun International’s profit attributable to owners of the parent for 2024 amounted to RMB750 million, and the industrial operation profit, which reflects Fosun’s fundamentals and growth potential, reached RMB4.9 billion.Additionally, Fosun’s financial position remained sound. As at the end of 2024, the total debt to total capital ratio was 52%, and cash and bank balance and term deposits amounted to RMB106.34 billion, representing an increase of approximately RMB13.88 billion from the previous year. Healthy debt ratios and strong liquidity buffer not only strengthen the company’s resilience against risks but also enhance its ability to seize development opportunities.“We believe that our clear strategic focus and robust industrial operational capabilities are the key to driving Fosun’s long-term steady growth,” Guo Guangchang said.Pursuing “strategic advancements and exits”, further deepening focus on core industriesSince last year, Guo Guangchang has summarized Fosun’s current strategy as “strategic advancements and exits” on multiple occasions. He noted that in the past few years, Fosun has mainly prioritized “exit” to streamline its business. However, starting in 2024, it has placed greater emphasis on “strategic advancements and exits”. By pursuing “advancements” in core operations, it has leveraged development to address challenges.The results announcement indicated that from 2022 to 2024, Fosun completed the divestment of approximately RMB75.0 billion of non-strategic and non-core assets. In 2024, the signed asset divestment amounted to approximately RMB17.5 billion equivalent at the group level, and approximately RMB30.0 billion equivalent at the consolidated level.Fosun’s steadfast commitment to divesting non-strategic and non-core assets has not only strengthened its liquidity buffer, but also provided robust support for accelerating its focus on core industries, including health, tourism and culture, consumption, and insurance.In 2024, Fosun continuously pursued advancements in core businesses. In the health business, Fosun Pharma increased its stake in Fosun Kairos to 100%, further focusing on the research and development (“R&D”), manufacturing and commercialization of CAR-T cell therapy. In the tourism and culture business, the ULTRAMED Hainan project in Sanya was officially launched. FTG also signed an asset-light operation agreement for the Jinsha Bay project in Shenzhen, marking the launch of the first Club Med in the Greater Bay Area. In addition, the Taicang Alps Resort Phase II project is about to commence, it is developed by Taicang municipal government platform and managed by FTG. In March 2025, FTG successfully completed its privatization, providing the company with greater flexibility and efficiency in accelerating its asset-light transformation.According to the 2024 financial results, the four core subsidiaries, which contributed more than 70% of Fosun’s total revenue, delivered solid performance. Among which, Fosun Pharma achieved operating revenue of RMB41.07 billion and net profit attributable to shareholders of RMB2.77 billion, representing a year-on-year increase of 16.08%; Fosun Insurance Portugal’s total gross written premiums reached EUR6.17 billion and net profit reached EUR173.5 million; FTG achieved sustained profitability, with Club Med’s business turnover reaching a record high of RMB16.15 billion, while Atlantis Sanya’s business turnover remained at a high level; despite the impact of structural adjustments in the domestic consumption patterns, Yuyuan lowered its asset-liability ratio to 67.82% through active adjustment. The company also boasted ample cash on hand of RMB10.69 billion, positioning it for future growth.It is worth noting that after years of accumulation and cultivation, Fosun’s two domestic insurance companies have ushered in a period of rapid development. The total premium income of Pramerica Fosun Life Insurance surged from RMB4,346 million in 2023 to RMB9,251 million in 2024, while Fosun United Health Insurance also experienced steady growth in premium income, and both companies achieved profitability. In 2024, the profit attributable to owners of the parent of the insurance segment was RMB1.716 billion, representing a significant increase of 117% year-on-year.“We have integrated Fosun’s profound industry expertise, extensive investment experience, and high-quality commercial resources with the operations and investments of insurance companies, forming a three-dimensional “insurance + industry + investment” flywheel-driven strategy.” Guo Guangchang believes that the collaborative growth of Fosun’s domestic and international insurance companies and various industries has laid a strong foundation for Fosun’s flywheel-driven strategy.Unlocking value through core capabilities in “globalization + innovation”Thanks to its two core capabilities in globalization and innovation, Fosun has steadily developed its core businesses while pursuing strategic advancements and exits.In 2024, Fosun continued to deepen its business presence in more than 35 countries and region in the world, consolidating its global operational capabilities. Building on a high base from the previous year, its overseas revenue for 2024 grew 6.2% year-on-year to RMB94.78 billion, and the proportion of overseas revenue further rose to 49.3%.It is believed that amid the rising de-globalization trend, Fosun’s globalization capabilities are becoming increasingly scarce, and its high-quality global operations are emerging as a powerful engine for new round of growth.In 2024, Fosun’s innovative biopharmaceutical platform, Henlius, became a key player in the overseas expansion of Chinese innovative drugs. During the reporting period, Henlius’ overseas product sales revenue surged 30.76% compared to the previous year. HANSIZHUANG, the world’s first anti-PD-1 monoclonal antibody for the first-line treatment of small cell lung cancer, independently developed by the company, was approved for marketing in the European Union, extending its reach to more than 30 countries and regions; HANQUYOU was approved for marketing in the U.S. and Canada, embarking on a new journey of commercialization in North America; HANLIKANG, the first biosimilar approved in China, was approved for marketing in several countries in Latin America including Peru; HANBEITAI was approved for marketing in Bolivia. Henlius now has four self-developed and self-manufactured products approved for overseas marketing. Benefiting from the ongoing market expansion of key products, Henlius achieved operating revenue of approximately RMB5.72 billion and net profit of RMB820.5 million in 2024, representing a substantial increase of 50.3% year-on-year.Leveraging Fosun’s global ecosystem, Hainan Mining has accelerated its global resource strategy, successfully acquiring one overseas project each year for the past three years. During the reporting period, Hainan Mining completed the acquisition of oil interests in four oil blocks in the Sultanate of Oman and initiated the acquisition of two producing zirconium-titanium mines in Mozambique, planning to further increase its investment in Africa while entering the promising small metals and rare-earth industries. In addition, as at March 2025, the first phase construction of the project Bougouni lithium mine in Mali Africa had met the conditions for continuous and stable production. In 2024, Hainan Mining’s overseas subsidiaries achieved revenue of RMB1,968 million, accounting for 48% to the total revenue. Driven by the globalization strategy, the company reported a net profit attributable to shareholders of RMB706 million, representing a year-on-year increase of 12.97%, and a net profit excluding non-recurring gains and losses of RMB680 million, representing a significant increase of 23.72% year-on-year.Among overseas member companies, Fosun Insurance Portugal has continued to consolidate its leading position in the local market while fully leveraging Fosun’s “global organization + local operations” capabilities, achieving double-digit growth in international business. In 2024, its overseas revenue reached EUR1.84 billion and the proportion of international business rose to 29.8%.Following the successful overseas debut of Fosun’s iconic cultural IP, the Yuyuan Garden Lantern Festival, in Paris, France from late 2023 to early 2024, it has embarked on another overseas journey in 2025. In January 2025, the Yuyuan Garden Lantern Festival themed lantern installation made a stunning appearance in Hanoi, Vietnam, commemorating the 75th anniversary of the establishment of diplomatic relations between China and Vietnam. This year, it will also be featured in Thailand, continuing to showcase the charm of oriental culture globally.In Guo Guangchang’s view, innovation and globalization are complementary and are the most important pillars of Fosun. In 2024, Fosun’s investment in technology innovation reached approximately RMB6.9 billion. At present, it has established more than 20 global technology innovation centers covering various industries and fields, continuously fostering the launch of new technologies and products.In terms of R&D of innovative drugs, a total of 16 indications of 7 innovative drugs/ biosimilars independently developed and licensed-in by Fosun Pharma were approved for launch. In terms of medical devices and medical diagnosis, the Ion Robotic Bronchoscopy (“Ion System”) of Intuitive Fosun, and F-i6000 Automated Chemiluminescence Immunoassay Analyzer, F-C2000 Fully Automated High-Speed Chemiluminescence Analyzer, and Cytokine Detection Reagent (Chemiluminescence Method), which were independently developed by Fosun Pharma, were all approved for launch in Chinese mainland. During the reporting period, the pharmaceutical manufacturing segment of Fosun Pharma submitted 220 patent applications, including 3 American patent applications, 18 PCT applications, and Fosun Pharma has obtained 66 licensed invention patents authorization.Facing the burgeoning AI trend, Fosun has accelerated its development around its core businesses, deeply integrating AI technology into its diverse scenarios to drive innovation and enhance efficiency. For instance, Fosun Pharma launched the PharmAID decision intelligence platform, which supports accurate and efficient decision-making to accelerate and improve drug R&D; Sisram is exploring the use of AI for precise skin analysis and personalized skin care solutions; the ULTRAMED Hainan project in Sanya is set to create the world’s first AI-themed resort by utilizing AIGC technology for guest room customization and introducing the digital human G.O (Gentle Organizer) service to enhance tourist experience.“Looking ahead, we will further deepen our focus on core industries. By leveraging our globalization and innovation capabilities, we are confident in our ability to maintain steady development, creating long-term, stable value for our shareholders,” Guo Guangchang said. Copyright 2025 ACN Newswire via SeaPRwire.com.

Wuling Motors (00305.HK) Achieves a Surge of 115.6% in Net Profit Attributable to Shareholders for 2024

HONG KONG, Mar 26, 2025 - (ACN Newswire via SeaPRwire.com) - Wuling Motors (00305.HK), a leading manufacturer of automotive components and commercial vehicles assembly in China, announced its full-year results for 2024 on March 25. Driven by the increased proportion of sales from high-margin products in the automotive components and other industrial services division, Wuling Motors recorded a net profit of approximately 111 million yuan (RMB, same hereinafter) for 2024, representing a 60.2% year-on-year increase. The profit attributable to the owners of the company surged by 115.6% year-on-year to 50.62 million yuan.Core Business Growth Exceeds Expectations with Multiple Notable Breakthroughs in Incremental MarketsIn 2024, Wuling Motors achieved revenue of 7.95 billion yuan, with the automotive components and other industrial services division, the vehicles’ power supply systems division, and the commercial vehicles assembly division accounting for 69%, 22% and 9%, respectively.Specifically, the automotive components and other industrial services division recorded revenue of approximately 5.46 billion yuan. The increase in the proportion of high-margin product sales, coupled with higher government subsidies, led to an operating profit of approximately 154 million yuan, representing a 68.3% year-on-year surge.In 2024, Wuling Motors focused on deepening its existing business with its key customer - SAIC-GM-Wuling, while actively expanding externally. It successfully secured component supply transactions for multiple new vehicle models, serving as the exclusive supporting supplier for products such as electric seat switches and combination switches.Meanwhile, Wuling Motors pursued multiple breakthroughs in external markets, actively expanding its power battery product offerings and securing incremental market opportunities with OEMs such as Dongfeng Mengshi, FAW Jiefang, Chery Automobile, and Geely Automobile.A newly constructed and operational base in Jingmen, Hubei has seized the opportunity presented by Great Wall Motor’s production ramp-up to maintain rapid growth. In 2024, the base achieved revenue of approximately 729 million yuan, representing an exceeded 100% year-on-year increase; In terms of product development, the company completed the expansion of its second ultra-high-strength steel tube thermoforming production line within the year and successfully secured incremental customer orders from Great Wall Motor and BYD.Furthermore, Wuling Motors has successively undertaken the production of SAIC Maxus rear axles, BYD FinDreams Powertrain spiral bevel gears, and Dola Vehicle subframes, among other components, with the cumulative production and sales volume of new energy vehicle rear axles exceeding 1.5 million units. At the same time, Wuling Motors has actively capitalized on emerging opportunities in the new energy supporting market, successfully developing and optimizing products such as the new generation of new energy electric rear axles, integrated three-in-one motors and electric control systems, range extenders, power supply systems, and differential locks. Multiple new energy electric car axles have been successfully supplied for the electric drive axle and range extender projects of Great Wall Motor, JAC, and others. Notably, the first commercially deployed axial electric drive axle for the Changan Kaicene market has entered mass production.For the automobile power supply systems business, the division’s revenue for 2024 was approximately 1.74 billion yuan. Throughout the year, the power supply systems division maintained proactive communication with customers and enhanced its ability to manage planned orders, taking measures to reduce inventory and improve efficiency while ensuring customer demand was met. The casting business broke through adversity, continuing to expand its growth points, and successfully securing new market supply orders from the customer Changyuan Hero City, with the division’s total casting sales reaching 1.18 million units for the year, representing a 25% year-on-year increase.In addition, relying on the project platform management advantages, Wuling Motors’ power supply systems business focused on core projects such as the H15TD+DHT hybrid assembly architecture platform, the integrated three-in-one electric drive system, and high-pressure casting, to promote the construction of new energy projects with customers such as Skyworth, DFLZ, Zoomlion, and Senptec Electronics. It actively developed the new energy customer market with companies such as JAC, YC SIMLAN, Hebei Zhongxing, Geely Farizon, Chery Commercial Vehicles, Xpeng Motors, and Leapmotor. At the same time, it seized opportunities in overseas markets, with a focus on advancing projects such as the LJ481Q6 matching JAC M4 export (to Gulf countries), the overseas CLT flexible fuel hybrid project, and the Wuling Technology MSR project, to lay a solid foundation for overseas development.The commercial vehicles assembly business recorded a revenue of approximately 718 million yuan in 2024. Benefiting from the implementation of cost control measures, the operating profit reached approximately 75.92 million yuan. In line with the company’s strategy, the division continued to seek business breakthroughs in high-value-added niche markets.The development of the new energy vehicles business from the joint venture Wuling New Energy was favorable in 2024, achieving sales of over 14,000 units, a year-on-year increase of over 41%, and generating revenue of 1.02 billion, a year-on-year increase of 29.5%. Within the year, Wuling New Energy launched multiple products, and the Golden Mini Truck, which was launched in November, ranked third in the market for micro-small trucks with single rear wheels, positioning it among the top in the commercial vehicle market. Overseas, more than 800 units were exported to Japan and South Korea, representing a 58% year-on-year increase.Fully Supporting the Group’s Automobile Industry Ecosystem through New Growth Engines Created by Transformation and UpgradingWhile actively developing its core business, Wuling Motors is also undergoing continuous transformation and upgrading to expand into new businesses and foster new growth momentum. In 2024, Wuling Motors increased its investment in R&D to accelerate the development of its new energy business. The company also established an innovation center in Hong Kong and signed cooperation agreements with Hong Kong Polytechnic University, The Chinese University of Hong Kong, and the Hong Kong Applied Science and Technology Research Institute’s XR intelligent project to build an innovation ecosystem.2025 marks the inaugural year of the “LINXYS Project”, formulated by Guangxi Automobile Group Co., Ltd., the parent company of Wuling Motors, for the entire group. Guangxi Automobile Group plans to increase investment between 2025 and 2027 to fully promote the development blueprint centered around the “LINXYS Project” and the “131 Strategy”.The “131 Strategy” refers to 1 complete vehicle brand – the creation of the “Linxys” new energy vehicle brand; 3 national-level manufacturing champions: the national champion in small and medium displacement energy-efficient hybrid power systems, the national champion in lightweight drive axles, and the national champion in automotive frames; 1 automotive industry ecosystem: an automotive ecosystem led and operated by Guangxi Automobile Group.Mr. Yuan Zhijun, Chairman of Wuling Motors’ board of directors, stated, “The company will actively cooperate with Guangxi Automobile Group to accelerate the implementation of the ‘Linxys Project’ plan, speed up the conversion and application of scientific research results, improve the product portfolio, enhance product quality, actively expand domestic and overseas markets, and provide users with more valuable and environmentally friendly products. Under the leadership of the ‘Linxys Project’, the company is confident in achieving stable and positive operating results to allow shareholders to share in the development achievements.” Copyright 2025 ACN Newswire via SeaPRwire.com.

CALB (3931.HK) Announces 2024 Annual Results

HONG KONG, Mar 28, 2025 - (ACN Newswire via SeaPRwire.com) - On March 26, CALB Group Co., Ltd. ("CALB" or "the Company," stock code: 3931.HK) announced its audited annual results for the year ended 31 December 2024 (the "Reporting Period").In 2024, with increasing economies of scale, the Company achieved solid growth in annual results. During the Reporting Period, the revenue of the Company increased from RMB27,005.89 million for the year ended 31 December 2023 to RMB27,751.53 million for the year ended 31 December 2024, representing an increase of 2.8%; the Company’s profit for the year increased from RMB437.16 million for the year ended 31 December 2023 to RMB843.63 million for the year ended 31 December 2024, representing an increase of 93.0%. The basic earnings per share of the Company increased from RMB0.1661 for the year ended 31 December 2023 to RMB0.3336 for the year ended 31 December 2024, representing an increase of 100.8%.As a leading international new energy company, the Company made comprehensive efforts in all market fields during the Reporting Period and achieved sustained rapid development. According to the latest statistics from SNE Research, the Company’s installed capacity of EV batteries in 2024 ranked fourth globally and third domestically. According to InfoLink, the Company’s energy storage cell shipments ranked fifth globally in 2024.In 2024, the Company deepened collaboration in domestic markets, achieving steady growth in installed capacity. During the Reporting Period, the Company’s solutions were integrated into 25 new vehicle models, cumulatively equipping over 2 million units nationwide, with an accumulated delivery volume exceeding 100GWh. In the field of pure electric vehicle, the Company successfully supported the upgrade, iteration, and mass production of flagship models for customers such as XPeng, Geely, Changan and GAC. Furthermore, the Company realized delivery in batches of new models for multiple joint venture brand, advancing the construction of a multi-dimensional market system; In the hybrid electronic field, the Company has accelerated collaboration on new hybrid projects with Geely and Leapmotor, while successfully supported the mass production of multiple hybrid models for customers such as Chery, Dongfeng, and BAIC, with the Company’s installed capacity continued to experience rapid growth, with a year-on-year increase of nearly 200%; In addition, in the international market, the Company accelerated its global layout and secured nominations from international brands such as Toyota, Honda, Volkswagen, and Audi, while continuously expanding its customer base in Europe and Southeast Asia. During the Reporting Period, the Company’s delivery volume steadily increased, with a growing variety of product types delivered. The Company’s overseas installed capacity grew by 105% year-on-year, hitting another record high. Furthermore, in the commercial vehicle market, the Company’s Annual New Vehicle increased by 150% year-on-year, while its domestic installed capacity grew by 85.2% compared to the same period last year, achieving comprehensive coverage of mainstream products and full-scenario empowerment. The Company has successfully penetrated leading customers such as Chery, Geely, Ruichi, Foton, Dongfeng, Changan, and King Long, providing comprehensive support and delivery for the industry’s mainstream models.In the energy storage market, the Company’s energy storage cell shipments surpassed 5GWh in a single month, and the business results in terms of shipments achieved a sustained substantial growth. The Company’s 314Ah battery cells products are the first in the industry to pass certification and the first to achieve large-scale and stable delivery in batches, earning high customer recognition for both product quality and delivery capabilities. During the Reporting Period, the Company achieved major breakthroughs in the international market, completed the admission process with a number of international top energy storage owners, EPCs, integrators and suppliers, enlisted in the whitelist of these customers, achieved the delivery in batches. As a supplier of high-performance energy storage cells, the Company secured and delivered the entire 7.8GWh order for the world’s largest energy storage project in 2024, and successfully launched its first self-invested power station project. At the same time, the Company's achievements in the ship market are equally significant. the Company secured the first electric vessel project from the world’s largest oil company. Additionally, the Company won its first international order for a megawatt-level marine battery system, achieving a breakthrough in the “offshore engineering vessel” sector. The Company’s electric vessels also gained traction with batch orders at Singapore’s port, while successfully penetrating the high-end yacht market in the United States.Steering rapid development by innovation, the Company adheres unwaveringly to the strategy of consolidating its leadership in products and technologies. Propelled by a future-oriented R&D layout, the Company pushes forward the constant advancement of battery technology from multiple dimensions such as innovations in materials, structures, manufacturing as well as systems, whereby the Company possesses a number of leading technologies and products worldwide, and builds on hard-core product capabilities in all scenarios, thus bringing the development of the industry to a new height. In 2024, the Company has successfully launched new product series: “Top-tier”, “UltraRange”, “UltraLife”, and “Boundless”. These products feature comprehensive innovations and advancements in high energy density, enhanced safety, extended lifespan, ultra-fast charging, and all-weather performance, providing comprehensive and valuable full-scenario product solutions to the market and its customers. Meanwhile, putting together its own technical capabilities and industrialization strength, the Company constantly pursued the high energy density and stable safety performance of EV batteries, launching more competitive new products of ternary series and phosphate series. The Company continued to maintain its product leadership by devoting its efforts in power energy storage (new energy power generation and power grid), industrial and commercial energy storage, household energy storage and other application scenarios.About CALBCALB is a new energy enterprise specializing in the research, production, sales, and market application development of lithium batteries, battery management systems, and related integrated products and lithium battery materials. As Battery Expert, we aim to build a comprehensive energy operation system, to provide complete product solutions and full life-cycle management for the new energy application market, represented by power and energy storage.Currently, CALB has completed an all-round layout in domestic by setting up industrial bases in Changzhou, Xiamen, Wuhan, Chengdu, Hefei, Jiangmen and Meishan. Meanwhile, CALB has set up bases in Europe and ASEAN, vigorously expanding the layout all over the world to become a global leading enterprise with large-scale intelligent manufacturing capabilities. Copyright 2025 ACN Newswire via SeaPRwire.com.