CMS (867.HK; 8A8.SG) NDA for AD Indication of Long-acting Anti-IL-4Ra Humanized Monoclonal Antibody Injection MG-K10 Accepted in China SeaPRwire

CMS (867.HK; 8A8.SG) NDA for AD Indication of Long-acting Anti-IL-4Ra Humanized Monoclonal Antibody Injection MG-K10 Accepted in China

SHENZHEN, Oct 30, 2025 – (ACN Newswire via SeaPRwire.com) – China Medical System Holdings Limited (“CMS”) is pleased to announce that its subsidiary, Dermavon Holdings Limited (“Dermavon”, an innovative pharmaceutical company specialized in skin health which is applying for a separate listing on the Main Board of The Stock Exchange of Hong Kong Limited, please refer to the announcement of CMS on 22 April 2025 for details) together with its subsidiaries, holds co-development rights (except for atopic dermatitis (AD)) and exclusive commercialization rights for the Class 1 innovative drug anti-IL-4Rα MG-K10 humanized monoclonal antibody injection (“MG-K10” or the “Product”). The New Drug Application (“NDA”) has been accepted by National Medical Products Administration (“NMPA”) on 30 October 2025. The product is intended for the treatment of adult with moderate-to-severe AD whose disease is not adequately controlled with topical prescription therapies or when those therapies are not advisable. MG-K10 (generic name: Comekibart Injection) is an innovative long-acting anti-IL-4Rα humanized monoclonal antibody that simultaneously blocks the signaling of key type 2 inflammatory cytokines IL-4 and IL-13. With a longer half-life, the Product enables a four-week dosing frequency (currently marketed anti-IL-4Rα drugs require biweekly dosing), which is expected to improve patient adherence. MG-K10 is expected to become the world’s first long-acting anti-IL-4Rα monoclonal antibody to be launched on the market, and has the potential to become the Best-in-Class (BIC). MG-K10 has achieved positive results in a randomized, double-blind, placebo-controlled Phase III clinical study in adults with moderate-to-severe AD, meeting the primary research endpoint as designed, and at 52 weeks of treatment with MG-K10, proportion of participants with Investigator Global Assessment (IGA) score of 0 or 1, also with an improvement of ≥2 points from baseline is 76.6%; proportion of participants with ≥75% reduction in Eczema Area and Severity Index (EASI 75) from baseline is 94.3 %; proportion of participants with ≥90% reduction in Eczema Area and Severity Index (EASI 90) from baseline is 79.1 %. Regarding safety, most of the Treatment Emergent Adverse Event (TEAE) were Grade 1-2, with no Adverse Event of Special Interest (AESI) or fatal adverse event occurred. The incidence of common adverse reactions (conjunctivitis, injection site reactions, etc.) of drugs with the same target is relatively low for MG-K10. The Product has the potential for the treatment of other type 2 inflammatory diseases, such as asthma, prurigo nodularis, seasonal allergic rhinitis, chronic obstructive pulmonary disease, chronic spontaneous urticaria, chronic rhinosinusitis with nasal polyps, and eosinophilic esophagitis. Among them, asthma, prurigo nodularis and seasonal allergic rhinitis have all entered the phase III clinical trial stage in China. If MG-K10 is approved, it will provide a new, effective, and safe systemic treatment option for 14.5 million patients with moderate-to-severe AD[1]. Furthermore, MG-K10 will generate synergy with Dermavon’s ruxolitinib cream (for mild to moderate AD), the oral small molecule TYK2 inhibitor CMS-D001 (for moderate to severe AD), and dermatology-grade skincare products of Heling soothing product series, establishing a comprehensive solution for AD that covers various administration routes (injection, oral, and topical) and addresses multiple needs in “treatment + care”, benefiting a wide range of AD patients. Concurrently, it will further enrich Dermavon’s product portfolio in the field of dermatological treatment and reinforce its leading position in skin health sector. On 24 January 2025, CMS through its subsidiaries entered into a Collaboration Agreement (“Agreement”) with Hunan Mabgeek Biotech Co., LTD and its subsidiaries for MG-K10. In accordance with the Agreement and supplementary agreements, CMS has obtained the co-development rights (excluding AD) and exclusive commercialization rights for the Product in Mainland China, Hong Kong Special Administrative Region, Macao Special Administrative Region, Taiwan Region and Singapore; its subsidiary Dermavon has obtained, through its subsidiary, the co-development rights (excluding AD) and exclusive commercialization rights for the Product in the field of dermatological indications in Mainland China. About AD Indication MG-K10’s first indication, AD, is a chronic inflammatory skin disease accompanied by severe itching. It is the most burdensome non-fatal skin disease worldwide and also a chronic disease with a relatively high prevalence and significant disease burden in China. It is estimated that there are over 54 million AD patients in China in 2024. Based on SCORAD scores, the proportion of moderate to severe AD in China was 27%, which means there are over 14.5 million patients[1]. Due to the limitations in efficacy and safety of traditional systemic therapies for AD, moderate to severe AD patients often experience delays in systemic treatment initiation, poor compliance, and suboptimal disease control, leaving a significant unmet need in clinical practice[2]. MG-K10, with its extended dosing interval of once every four weeks, is expected to improve patient adherence and provide a new, effective, and safe systemic treatment option for patients with moderate-to-severe AD. About CMS CMS is a platform company linking pharmaceutical innovation and commercialization with strong product lifecycle management capability, dedicated to providing competitive products and services to meet unmet medical needs. CMS focuses on the global first-in-class (FIC) and best-in-class (BIC) innovative products, and efficiently promotes the clinical research, development and commercialization of innovative products, enabling the continuous transformation of scientific research into clinical practices to benefit patients. CMS deeply engages in several specialty therapeutic fields, and has developed proven commercialization capabilities, extensive networks and expert resources, resulting in leading academic and market positions for its major marketed products. CMS continues to promote the in-depth development in its advantageous specialty fields, strengthening the competitiveness of the cardio-cerebrovascular/ gastroenterology/ ophthalmology/ skin health businesses, bringing economies of scale in specialty fields. Among them, the skin health business (Dermavon) has become a leading enterprise in its field, and is proposed to be listed independently on the SEHK. Meanwhile, CMS continuously promotes the operation and development of its integrated R&D, manufacturing and commercialization chain in Southeast Asia and the Middle East, capturing growth opportunities in emerging markets to support the high-quality and sustainable development of the Group. Reference: 1. China Insights Consultancy. Industry report on global and China Dermatology Treatment and Care Industry 2. Chinese Society of Dermatology, China Dermatologist Association. Clinical pathway for the diagnosis and treatment of moderate to severe atopic dermatitis in China (2023): an expert consensus[J]. Chinese Journal of Dermatology, 2023, 56(11): 1000-1007. DOI: 10.35541/cjd.20230247. CMS Disclaimer and Forward-Looking Statements This press release is not intended to promote any products to you and is not for advertising purposes. This press release does not recommend any drugs, medical devices and/or indications. If you want to know more about the diagnosis and treatment of specific diseases, please follow the opinions or guidance of your doctor or other medical and health professionals. Any treatment-related decisions made by healthcare professionals should be based on the patient’s specific circumstances and in accordance with the drug package insert. This press release which has been prepared by CMS does not constitute any offer or invitation to purchase or subscribe for any securities, and shall not form the basis for or be relied on in connection with any contract or binding commitment whatsoever. This press release has been prepared by CMS based on information and data which it considers reliable, but CMS makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this press release. Certain matters discussed in this press release may contain statements regarding the Group’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. Any forward-looking statements and projections made by third parties included in this press release are not adopted by the Group and the Company is not responsible for such third-party statements and projections. Media ContactBrand: China Medical System Holdings Ltd.Contact: CMS Investor RelationsEmail: ir@cms.net.cnWebsite: https://web.cms.net.cn/en/home/
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Wintermar Offshore (WINS:JK) Reports 9M2025 Results ACN Newswire

Wintermar Offshore (WINS:JK) Reports 9M2025 Results

JAKARTA, Nov 3, 2025 - (ACN Newswire via SeaPRwire.com) - Wintermar booked a 25.1%YOY rise in 9M2025 Operating Profit to US$14.7million, supported by an 11.6% increase in Owned Vessel Revenue and rising Gross Margins.Owned Vessel DivisionOwned Vessel Revenue rose by 11.6%YOY to US$50.3million for 9M2025, driven by a significant increase in High Tier vessel utilization to 76% for 9M2025 compared to 59% in 9M2024.Average charter rates for our fleet have risen around 5% since end 2024 whereas average utilization for 9M2025 was 60.4%, lower than utilization rates of 67% achieved in 9M2024. The lower utilization stemmed from the large number of spot contracts for our mid-tier fleet in 2025, which is characteristic of this early phase of the oil and gas investment cycle where most of the OSV demand is for seismic/survey or the exploration and construction, where projects tend to be completed in several weeks. In the mid-tier segment, the utilization of HLB was lower in 3Q2025 compared to 2Q2025 due to completion of spot contracts.Overall, the higher charter rates for the fleet compensated for lower overall fleet utilization this year, leading to a rise in gross margins for the Owned Vessel Division to 38% from 30% in 9M2024. Total Gross Profit for the Owned Vessel Division amounted to US$20.1million (+29.6%YOY) for 9M2025. Although the fleet is still impacted by fluctuations in quarter-to-quarter utilization as the majority of vessels are still on spot contracts, we are confident that there will be longer term contracts coming up in 2026-2027 as more projects head into the development and production phase of the oil and gas investment cycle.Chartering Division and Other ServicesContribution from the Chartering Division has declined, with gross profit of US$0.35million for 9M2025 compared to US$1.2million in 9M2024. This was because a few chartered vessels completed a project which will not be resuming this year. This reduction has been offset by higher Gross Profit from Other Services, which rose 8.1%YOY to US$1.8million from an increase in commissions, fees and other service income.Direct Expenses and Gross ProfitTotal Owned Vessel Direct Costs rose by 2.2%YOY to US$30.2million for 9M2025, due to higher depreciation and crewing costs. Depreciation rose to US$10.5million (+3.6%YOY) with the operation of 3 additional HLB vessels and 1 PSV compared to 9M2024. Crewing costs roseto US$8.1million (+7.6%YOY) as a result of a higher number of Dynamic Positioning (DP) vessels in the fleet and higher salaries for crew on international contracts. Fuel costs are borne by charterers while a vessel is on contract, and with more high tier vessels chartered out compared to the previous year, the overall fuel expenses fell by 19.1% YOY to US$1.76million in 9M2025.Indirect Expenses and Operating ProfitTotal Indirect Expenses rose by 14%YOY or US$0.9million to US$7.5million for 9M2025, with salary costs, employee benefits and staff training accounting for US$0.6million of this increase. As our business has expanded internationally, we have invested more heavily into human resources, particularly in the technical and technology divisions, and expanded our crew training and development programs to invest in developing young marine graduates and electrical engineers to have practical experience on board our fleet to be ready for future international operations.Operating Profit grew by 25.1% YOY to US$14.7million for 9M2025 compared to US$11.8million in 9M2024. Other Income, Expenses and Net Attributable ProfitNet interest expenses rose by US$0.4million as higher interest expenses were offset by interest income. Net gearing stands at only 0.6% as at end September 2025. Equity in Associate Companies fell to US$0.6million in 9M2025, from US$2.1million in 9M2024, due to poorer utilization in 3Q2025 and increased capital costs related to the award of a new long-term contract.There were no vessel sales in 3Q2025, and only one vessel sold in 2Q2025, realizing a gain of US$1.7million for 9M2025. This represents a sharp decline compared to 2024 which included a large one-off gain booked from vessel sales in 2024 where the Company made US$17.4million from the sale of several vessels including a significant gain from the sale of a PSV.Total Other Income for 9M2025 stood at US$1.3million which resulted in a net income before tax of US$16.1million for the nine months period year to date.Net profit attributable to shareholders for 9M2025 amounted to US$9.2million compared to US$19.7million in 9M2024. Net income before Non-Controlling Interest in 9M2025 fell to US$14.4million compared to US$27.2million in 9M2024 which included the impact of the PSV sale. EBITDA for 9M2025 rose by 15%YOY to US$25.5million, compared to US$22.1million in 9M2024. This reflects the strong cash flow enjoyed by the Company as most of the past vessel loans have been repaid.Industry Outlook The OSV industry was not spared from the global uncertainty in investor sentiment this year. Concerns over US tariffs and a potential global economic slowdown caused oil prices to trend lower, which led to a more cautious environment and delays in contract awards. Charter rates for OSVs which had risen sharply from 2021 to 2024 also saw a correction this year.The Oil and Gas investment cycle is a long-term cycle over several years from award of concessions to production. Due to the lack of investment in new reserves over a 8-year period until 2021, we are firmly optimistic that the longer-term fundamentals indicate continued investment in oil and gas exploration. In the Offshore Supply Vessel (OSV) industry, there has been nearly no newbuilding of high tier Dynamic Positioning (DP) equipped vessels from 2015 to 2022. The softening in OSV charter rates this year is expected to be short term in nature as the limited supply of operationally ready OSVs points to a sustained shortage of OSV supply in the coming years. This is illustrated in the chart below, which shows the active fleet compared with the small number of idle PSVs and charter rates for the period 2023-2025. From the data, demand continues to be high with overall global fleet utilization close to 90%.Business ProspectsThe short-term weakness in oil prices over the past quarter reflects the volatile geopolitical sentiment which has been driven by changing news flows more than industry fundamentals. The structural outlook for oil and gas supply support stable oil prices, resulting from years of underinvestment in new reserves. In 2025, there have been several projects in Indonesia which are still at the early stage of the investment cycle, where seismic and exploration work only necessitates spot contracts. This has caused volatility in our fleet utilization. However, the long investment cycle from exploration to production indicates that there will be more demand in the coming years as these projects will continue towards production targets in 2027. This will underpin OSV demand in the coming years. Taking into consideration the limited orderbooks for new OSVs to be delivered in the coming years, we remain very optimistic that charter rates and utilization will improve in the coming years, as we continue to add high value vessels.Award of long-term contract in BruneiOur associate company, Fast Offshore Supply Pte Ltd (FOS), based in Singapore, has been awarded a tender to supply 5 newbuild 55-metre Crew Transfer Vessels (CTVs) under a five-year charter contract in Brunei for delivery in 2027. Construction of the vessels has commenced, and WINS has participated in a rights issue to support this project. The vessels are being constructed by FOS in Singapore and Batam. This new long-term contract provides secure future earnings and fleet renewal for FOS, thereby improving the financial & revenue contribution to the Company.About Wintermar Offshore Marine GroupWintermar Offshore Marine Group (WINS.JK), developed over nearly 50 years with a track record of quality that is both a source of pride and responsibility that we are dedicated to upholding, and sails a fleet of more than 48 Offshore Support Vessels ready for long term as well as spot charters. All vessels are operated by experienced Indonesian crew, tracked by satellite systems and monitored in real-time by shore-based Vessel Teams.Wintermar is the first shipping company in Indonesia to be certified with an Integrated Management System by Lloyd's Register Quality Assurance, and is currently certified with ISO 9001:2015 (Quality), ISO14001:2015 (Environment) and OHSAS 18001:2007 (Occupational Health and Safety). For more information, please visit www.wintermar.com .For further information, please contact:Ms. Pek Swan Layanto, CFAInvestor RelationsPT Wintermar Offshore Marine TbkTel (62-21) 530 5201 Ext 401Email: investor_relations@wintermar.com Copyright 2025 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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CIA 对 EU 发起魅力攻势 —— Politico Latest News

CIA 对 EU 发起魅力攻势 —— Politico

(SeaPRwire) - 美国间谍机构据报道寻求向欧洲盟友保证他们仍然可以信任它 Politico援引三名知情人士的话报道称,美国中央情报局(CIA)局长约翰·拉特克利夫(John Ratcliffe)上周会见了欧盟官员,试图重建与美国情报机构之间紧张的关系。 根据周五发布的报告,拉特克利夫会见了欧盟最高外交官卡娅·卡拉斯(Kaja Kallas),以及欧盟情报与态势中心(INTCEN)和欧盟军事参谋部情报局(EUMS)的高级官员。Politico称,他试图重申华盛顿对情报共享的承诺,并传达CIA“希望保持沟通渠道畅通”。 CIA发言人莉兹·莱昂斯(Liz Lyons)告诉该杂志,拉特克利夫讨论了来自俄罗斯和中国的“不断演变的威胁”。她表示:“任何声称美国并非可靠伙伴的报道都是虚假的,与现实脱节。” Politico指出,一些盟友在唐纳德·特朗普总统去年3月短暂暂停与乌克兰的情报共享并任命“忠实拥护者”担任关键职位后,开始失去信任。一些民主党人将特朗普挑选的情报机构监管人图尔西·加巴德(Tulsi Gabbard)称为“俄罗斯资产”——她否认了这些指控。 上个月,与CIA有关联的软件巨头Palantir批评了英国为所有公民引入数字身份证的计划,该公司英国区负责人路易斯·莫斯利(Louis Mosley)称这些措施“非常有争议”。 与此同时,另一家美国科技公司、加密通讯应用Signal威胁称,如果欧盟强行推行其“聊天控制”计划,它将退出欧盟市场。拉特克利夫为Signal用于官方通信进行了辩护,称大多数CIA官员都依赖该通讯应用。 本文由第三方内容提供商提供。SeaPRwire (https://www.seaprwire.com/)对此不作任何保证或陈述。 分类: 头条新闻,日常新闻 SeaPRwire为公司和机构提供全球新闻稿发布,覆盖超过6,500个媒体库、86,000名编辑和记者,以及350万以上终端桌面和手机App。SeaPRwire支持英、日、德、韩、法、俄、印尼、马来、越南、中文等多种语言新闻稿发布。
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Star Plus Legend (6683.HK) Becomes a Strategic Shareholder of Galaxy ACN Newswire

Star Plus Legend (6683.HK) Becomes a Strategic Shareholder of Galaxy

HONG KONG, Nov 3, 2025 - (ACN Newswire via SeaPRwire.com) – Star Plus Legend Holdings Limited (“Star Plus Legend” or the “Company”, together with its subsidiary, the “Group”, stock code: 6683.HK), announced that the Group, through an industrial fund, has subscribed no more than 7% of the issued share capital (the “Investment”) of Galaxy Corporation Co., Ltd (“Galaxy”), a well-known entertainment management company in South Korea. The first closing of the Industry Fund was completed, and the Group has contributed US$8 million to subscribe for the Industry Fund’s Interest, being 16% of the Interest. The remaining Interest were held by two Independent Third Parties. The Investment is expected to create synergy for the Group through various cooperations with Galaxy and artists managed by it. The Group is currently engaged in advanced discussions with Galaxy regarding details of the strategic partnership, including but not limited to collaborations with Galaxy’s artists on exhibitions, concerts, and the development of artist IP and related merchandise.Galaxy boasts a roster of globally influential artists, including Kwon Ji-Yong (also known as G Dragon), Kim Jong-kook and Song Kanghao. Becoming a strategic shareholder of Galaxy marks a key milestone in the Company’s global IP expansion. This investment will not only strengthen the Company’s deep collaboration with top international celebrity IPs, but also inject strong momentum into its strategic vision of building a “global IP development and operation platform”.Two Industry-leading Powerhouses Join Forces to Seize the High Ground of Global Top-tier IP ResourcesIn recent years, the Company has continued to expand its IP portfolio, led by two flagship celebrity IPs “CHOUCHOU” and “Coach Liu”, and the cumulative number of fans of the IP portfolio has reached 280 million. The Company also recently introduced a new original IP character, “WAKAEMO.” As the copyright owner of Jay Chou’s official Nijgen-style personality “CHOUCHOU,” the Company has successfully extended the IP’s licensing to five major sectors, including fashion, cultural and creative products, and 3C electronics. To date, “CHOUCHOU” has collaborated with over 200 brands, generating cumulative co-branded product sales exceeding RMB 1 billion.Galaxy holds artist IPs that possess exceptional rarity and strategic value, including Kwon Ji-Yong (a highly influential figure in the world of K-pop), Kim Jong-kook (best known internationally for his roles in Korean variety shows such as Running Man) and Song Kanghao (a global icon in cinemas and lead actor in movies including Parasite and A Taxi Driver). The global influence and commercial value of these renowned artists will provide strong support for the Company as it expands across Asia and beyond, marking a significant leap in the Company’s IP strategy from the Chinese-speaking market to the global stage.The Company’s celebrity IPs, particularly those related to Jay Chou, demonstrate immense commercial potential, a solid fan base, and strong market appeal. The partnership between these two industry-leading powerhouses represents not only a strategic integration of resources, but also a mutual empowerment of brand influence. This collaboration is expected to significantly enhance both parties’ global visibility and unlock broader international cooperation opportunities. The strategic value of IP has already been recognized by the market: Star Plus Legend’s stock price once surged over 160% in a single day following Jay Chou’s debut on Douyin as “CHOUCHOU.”This investment aligns seamlessly with the Company’s recent series of strategic initiatives. From launching a collaboration program with 100 international pop artists, to partnering with Unitree Robotics in developing IP-based smart robots, and becoming the only private-sector shareholder of the National Stadium (Bird’s Nest), the Company is building a global ecosystem that integrates “IP + Products + Technology + Channels.” The investment in Galaxy represents a crucial step in this strategic blueprint, expected to generate new growth momentum and unlock the limitless potential of the “IP+” model.Unlocking the Commercial Potential of Global IPs and Building a Worldwide IP EcosystemThe Company plans to collaborate closely with Galaxy across multiple areas, including global concert tours, large-scale themed exhibitions, and the creation and development of celebrity IPs and related merchandise. By leveraging Galaxy’s artist resources, the Company will apply its mature capabilities in IP creation and end-to-end operations to bring these collaborative projects to global markets, enabling scalable expansion of its business model.In addition, by becoming a strategic shareholder of Galaxy, the Company establishes a capital linkage that systematically connects it to a diversified and mature pool of international IP resources. This provides a richer content foundation and more stable resource support for IP operations, strongly underpinning the Company’s goal of building a “global IP development and operation platform” and advancing toward a value-maximizing, sustainable IP ecosystem.The key highlight of this collaboration lies in the synergy between the Company’ top-tier celebrity IPs and its mature IP operation system, and Galaxy’s world-class international IP assets. Future cooperation between the two parties is expected to go beyond the one-way export of proven business models, aiming instead to achieve deep resonance between global top-tier IPs and operational capabilities in international markets. This not only promises substantive expansion of the Company’s business footprint but also has the potential to reshape market valuation logic, opening up a more imaginative growth space for investors. Copyright 2025 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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FWD Group reports strong new business growth JCN Newswire

FWD Group reports strong new business growth

HONG KONG, Nov 3, 2025 - (ACN Newswire via SeaPRwire.com) – FWD Group Holdings Limited (“FWD Group” or “FWD”) today announced strong new business growth for the nine months ended 30 September 2025(1).New business sales were up 37% to US$1.935 billion compared to the same period in 2024 on an annualised premium equivalent (APE) basis.New business contractual service margin was US$1.158 billion, with y-o-y growth of 27%.Refinanced US$1.15 billion of debt in September and redeemed US$500 million of debt by mainly utilising recent initial public offering (IPO) proceeds. This reduced leverage to 21.8 per cent[2] and lowered annualised financing costs by ~US$72 million.Continued to anticipate and respond to rapidly evolving customer needs for protection, health, and savings, with over 40 new products introduced in 2025.Huynh Thanh Phong, Group Chief Executive Officer and Executive Director of FWD Group, said, “We’re thrilled to report strong new business results, powered by organic growth across most of the 10 Asian markets where FWD Group operates. A positive indicator of value creation for our shareholders is the surge in our new business contractual service margin, which continues to strengthen our CSM balance and boost earnings over time.”“In September, we seized a window in the debt markets for refinancing, and with the successful IPO in July, we’ve made great progress in reducing our overall debt. The significant decrease in financing costs and leverage delivers benefits to our shareholders and puts FWD Group in a prime position to accelerate our customer-led growth strategy and advance our risk management priorities,” added Huynh Thanh Phong.Exceptional demand from both local and visiting customers continued to drive the strong new business growth in Hong Kong SAR & Macau SAR.In Emerging Markets, strong double-digit growth in new business sales reflected momentum in Singapore, Malaysia, the Philippines and FWD Group’s joint venture in Indonesia, BRI Life.In Japan, new business sales growth reflected solid performance in the individual protection business and the company’s recent entry into the retirement and savings market.The low-interest rate environment continued to weigh on new business indicators in the Thailand & Cambodia reporting segment.About FWD GroupFWD Group (1828.HK) is a pan-Asian life and health insurance business that serves approximately 34 million customers across 10 markets, including BRI Life in Indonesia. FWD’s customer-led and tech-enabled approach aims to deliver innovative propositions, easy-to-understand products and a simpler insurance experience. Established in 2013, the company operates in some of the fastest-growing insurance markets in the world with a vision of changing the way people feel about insurance. FWD Group is listed on the main board of the Hong Kong Stock Exchange under the stock code 1828.For more information, please visit www.fwd.comFor media inquiries, please contact: groupcommunications@fwd.comSource: FWD Group Holdings Limited(1) The results are for the nine months ended 30 September 2025 and are compared to the same period in 2024. Growth rates are represented on a constant exchange rate (CER) basis, unless otherwise indicated.(2) On a proforma basis as at 30 June 2025. Copyright 2025 JCN Newswire via SeaPRwire.com. All rights reserved. www.jcnnewswire.com
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FWD Group reports strong new business growth ACN Newswire

FWD Group reports strong new business growth

HONG KONG, Nov 3, 2025 - (ACN Newswire via SeaPRwire.com) – FWD Group Holdings Limited (“FWD Group” or “FWD”) today announced strong new business growth for the nine months ended 30 September 2025[1].New business sales were up 37 per cent to US$1.935 billion compared to the same period in 2024 on an annualised premium equivalent (APE) basis.New business contractual service margin was US$1.158 billion, with year-on-year growth of 27 per cent.Refinanced US$1.15 billion of debt in September and redeemed US$500 million of debt by mainly utilising recent initial public offering (IPO) proceeds. This reduced leverage to 21.8 per cent[2] and lowered annualised financing costs by ~US$72 million.Continued to anticipate and respond to rapidly evolving customer needs for protection, health, and savings, with over 40 new products introduced in 2025.Huynh Thanh Phong, Group Chief Executive Officer and Executive Director of FWD Group, said, “We’re thrilled to report strong new business results, powered by organic growth across most of the 10 Asian markets where FWD Group operates. A positive indicator of value creation for our shareholders is the surge in our new business contractual service margin, which continues to strengthen our CSM balance and boost earnings over time.”“In September, we seized a window in the debt markets for refinancing, and with the successful IPO in July, we’ve made great progress in reducing our overall debt. The significant decrease in financing costs and leverage delivers benefits to our shareholders and puts FWD Group in a prime position to accelerate our customer-led growth strategy and advance our risk management priorities,” added Huynh Thanh Phong.Exceptional demand from both local and visiting customers continued to drive the strong new business growth in Hong Kong SAR & Macau SAR.In Emerging Markets, strong double-digit growth in new business sales reflected momentum in Singapore, Malaysia, the Philippines and FWD Group’s joint venture in Indonesia, BRI Life.In Japan, new business sales growth reflected solid performance in the individual protection business and the company’s recent entry into the retirement and savings market.The low-interest rate environment continued to weigh on new business indicators in the Thailand & Cambodia reporting segment.About FWD GroupFWD Group (1828.HK) is a pan-Asian life and health insurance business that serves approximately 34 million customers across 10 markets, including BRI Life in Indonesia. FWD’s customer-led and tech-enabled approach aims to deliver innovative propositions, easy-to-understand products and a simpler insurance experience. Established in 2013, the company operates in some of the fastest-growing insurance markets in the world with a vision of changing the way people feel about insurance. FWD Group is listed on the main board of the Hong Kong Stock Exchange under the stock code 1828.For more information, please visit www.fwd.comFor media inquiries, please contact: groupcommunications@fwd.comSource: FWD Group Holdings Limited[1] The results are for the nine months ended 30 September 2025 and are compared to the same period in 2024. Growth rates are represented on a constant exchange rate (CER) basis, unless otherwise indicated.[2] On a proforma basis as at 30 June 2025. Copyright 2025 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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