PCG’s Fruitful Achievements in 1Q2025 ACN Newswire

PCG’s Fruitful Achievements in 1Q2025

HONG KONG, Apr 16, 2025 - (ACN Newswire via SeaPRwire.com) – The Payment Cards Group Limited (“PCG”), a cloud-native payment processor and acquirer, achieved several significant milestones in business development during the first quarter of this year. Notably, its digital payment acceptance business, Yedpay, has established partnership with a government-selected taxi fleet operator. Additionally, its startup business, A3A, Asia’s 1st cloud-based processing and settlement platform, has been selected as a member of the HK Tech 300, a large-scale flagship innovation and entrepreneurship program organized by City University of Hong Kong. Furthermore, PCG members were invited to represent the payment industry, sharing insights on industry trends and future technology prospects with various sectors, thereby continuing to promote the development of payment technology in Hong Kong from multiple aspects.Fruitful business cooperation empowers industry ecosystemRegarding business cooperation, Yedpay has recently achieved multiple breakthroughs:- Deepening cooperation with Visa to lead payment innovationAs an official acquirer and principal member of Visa, Yedpay was invited by Visa Singapore to share its successful case, demonstrating how it leverages Visa Acceptance Solutions to foster payment innovation and market expansion. With Visa Acceptance Solutions, Yedpay has successfully broadened its market offerings, enabling merchants to rapidly expand their market reach and further strengthening its competitiveness in the cross-border payments industry.(Captured from Visa Acceptance Solutions’ website)- Joining forces with Big Boss Taxi to revolutionize taxi paymentsIn the local market, Yedpay has formed a strategic partnership with Big Boss Taxi, one of the government-selected taxi fleet operators, to facilitate a cashless society in Hong Kong. Yedpay will provide Big Boss Taxi’s taxis with an innovative digital payment system that seamlessly connects taxi meters and payment terminals, supporting various digital payment methods, and bringing a smoother and more efficient taxi experience to local residents and tourists. Big Boss Taxi will gradually begin service in July this year, and each taxi will be equipped with a payment terminal, enabling digital fare payments for passengers.- Partnering with DBS Hong Kong to optimize merchant servicesAdditionally, Yedpay’s collaboration with DBS Bank (Hong Kong) Limited (“DBS Hong Kong”) is progressing steadily. Following the launch of the “DBS MAX Merchant Solutions,” a one-stop solution for managing sales operations, Beatrice Tai, Co-Founder and Chief Operating Officer of PCG, was invited by DBS Hong Kong SME Banking to participate in an International Women’s Day campaign last month, where she shared her insights and leadership experience as a female leader in the payment industry, demonstrating women’s leadership in the FinTech sector.A3A, has officially become part of the CityU HK Tech 300, further affirming its technological capabilityIn addition to receiving recognition from business partners, PCG’s innovation capability has also received endorsement from academia. Shortly after its launch, PCG’s startup member, A3A, was awarded the “Hong Kong ICT Awards 2024: FinTech Bronze Award.” In March 2025, it has officially become a member of the “HK Tech 300,” a large-scale flagship innovation and entrepreneurship program organized by City University of Hong Kong. This opportunity aligns perfectly with PCG’s commitment to drive innovation within the payment technology industry. As the first startup in Hong Kong to develop a cutting-edge payment processing system, A3A leverages its innovative financial cloud solutions to facilitate seamless end-to-end payment processing for major card schemes through a single API. This technological breakthrough significantly reduces the costs and complexities involved in payment processing. Through HK Tech 300, A3A will leverage the world-class resources and network offered by the program to foster diverse development opportunities, further driving innovation in the payment technology industry.In addition, PCG members were recently invited to participate in an online FinTech seminar hosted by the HKU School of Professional and Continuing Education (“HKU SPACE”), where they discussed future development trends in digital payments and FinTech, further consolidating PCG’s leadership in academia and the industry.PCG is now officially listed on the InvestHK website, demonstrating its industry leadershipPCG has been officially listed on the Invest Hong Kong (“InvestHK”) website. This recognition not only demonstrates the Hong Kong government’s strong endorsement of PCG’s technological capability, but also acknowledges its contributions to driving the digital transformation of the payment industry, highlighting its leading position in Hong Kong’s FinTech sector. Moving forward, PCG will fully leverage the business resources and network provided by InvestHK to strengthen cooperation with global financial institutions and enterprises, and accelerate the penetration of its payment solutions in Hong Kong and Asian markets. (Captured from InvestHK’s website)Looking ahead, PCG will continue to strengthen cooperation with the government, business partners and academic institutions. By optimizing the payment ecosystem through technological innovation, PCG aims to provide merchants and consumers with smarter and more efficient solutions, striving to become a leader in Asia’s payment technology industry.About Payment Cards Group (“PCG")The Payment Cards Group Limited (“PCG”) is an innovative and leading payment technology company with operations in Singapore, Hong Kong and the Asia-Pacific region. Established in 2016, PCG has become an acquirer with principal memberships in all major card schemes and e-wallet networks. Yedpay, a member of PCG, has firmly established itself as a digital payment acceptance business in Hong Kong. Meanwhile, A3A, another member of PCG, has developed a cloud-native payment processing platform that operates through RESTful APIs, significantly reducing costs and streamlining complex processes while providing users with real-time transaction data and insights. As an acquiring processor, PCG serves as the backbone infrastructure of the entire payment industry by its Asia’s 1st cloud-based processing and settlement platform. Rooted in Hong Kong with a global vison, PCG seeks to empower merchants with cutting-edge payment technology solutions and drive high-quality development in the global payment ecosystem. For more information, please visit PCG’s website:https://www.yedpay.com/en/For media enquiries, please contact:The Payment Cards Group LimitedAlice SiuEmail: alice.siu@a3a.globalTel: (852) 9192 8145 AJA (IR and Communications)Avy YuEmail: avy.yu@ajacapital.com.hkTel: (852) 9500 4443Eudice LawEmail: eudice.law@ajacapital.com.hkTel: (852) 9326 1113 Copyright 2025 ACN Newswire via SeaPRwire.com.
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Global Logistics Industry Revolution, Reitar Logtech Launches the First Humanoid Logistics Robot ACN Newswire

Global Logistics Industry Revolution, Reitar Logtech Launches the First Humanoid Logistics Robot

HONG KONG, Apr 16, 2025 - (ACN Newswire via SeaPRwire.com) – Today's logistics industry is experiencing a wave of intelligent transformation. Recently, industry leader Reitar Logtech (NASDAQ: RITR) partnered with AI pioneer NEXX to announce a renewed strategic collaboration. Both parties will leverage their resource strengths to launch the first humanoid robot designed specifically for logistics operations in Hong Kong, revolutionizing logistics operations and creating a new smart logistics ecosystem for the future.As a comprehensive development platform focused on logistics assets, Reitar's Property + Logistics Technology (PLT) one-stop solution successfully integrates resources from logistics property development to service provision, delivering cutting-edge logistics solutions that lead industry trends. In this collaboration, Reitar has leveraged its deep insights into the pain points of the industry to guide the development of the humanoid robot "Adam," providing diverse scenarios and needs within the ecosystem to ensure seamless integration of outcomes with actual operations. Reitar will incorporate NEXX's advanced technology in AI, especially the LLM model-driven NEXXBot logistics brain, to endow "Adam" with intelligent decision-making capabilities in logistics. By learning autonomously in real environments, "Adam" will have an optimized design for its motion control center, utilizing advanced control algorithms and high-precision sensor technology, driven by the AI agent under NEXXBot, enabling 'Adam' to execute complex tasks such as handling, sorting, and shelving with precision, significantly enhancing logistics operational efficiency.As the collaboration progresses, "Adam" is set to be fully applied in logistics warehouse. With its intelligent and automated operating methods, it will take on core tasks of cargo handling, sorting, and shelving across multiple scenarios, playing various roles in smart logistics warehouses and achieving leapfrog development. Meanwhile, the successful application of "Adam" will serve as a model for the industry's intelligent transformation, setting a new benchmark for the entire sector and accelerating its transition towards greater intelligence and efficiency. Both parties look forward to contributing unique innovative solutions for the smart transformation of the global logistics industry, truly realizing fully unmanned operations and helping the industry achieve breakthrough development globally.Images Download:http://bit.ly/3Y0mFA6About Reitar LogtechReitar Logtech successfully listed on the NASDAQ in 2024 and is a comprehensive development platform focused on logistics assets, as well as a pioneer in the Property + Logistics Technology (PLT) solution industry. Reitar Logtech possesses unmatched pioneering advantages, with a one-stop operating model and extensive business knowledge and experience, establishing a comprehensive customer base for steady expansion. We provide integrated solutions for asset value enhancement and logistics technology, linking assets, technology, and the logistics industry to improve clients' operational efficiency and economic benefits, achieving comprehensive integration of the industry.About NEXXNEXX is a technology company specializing in LLM (Large Language Models) and AI agents, committed to reshaping smart logistics and supply chain management. The self-developed AI agent NEXXBot is empowered by NEXX's proprietary vertical LLM, the NEXX language model (NexxLM), capable of understanding, formulating, and executing complex warehouse operations tasks with simple natural language commands. NEXX AI agents not only possess core abilities such as intelligent scheduling, demand forecasting, and automatic optimization but also combine multimodal data analysis with reinforcement learning algorithms to continuously enhance logistics operational efficiency. Its agent-based AI architecture breaks traditional software limitations, achieving flexible operations and real-time intelligent decision-making, helping enterprises reduce costs and increase efficiency. In this long-underdeveloped industry, NEXX is leading the path to change towards a smarter and more sustainable future. Copyright 2025 ACN Newswire via SeaPRwire.com.
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Global Logistics Industry Revolution, Reitar Logtech Launches the First Humanoid Logistics Robot ACN Newswire

Global Logistics Industry Revolution, Reitar Logtech Launches the First Humanoid Logistics Robot

HONG KONG, Apr 16, 2025 - (ACN Newswire via SeaPRwire.com) – Today's logistics industry is experiencing a wave of intelligent transformation. Recently, industry leader Reitar Logtech (NASDAQ: RITR) partnered with AI pioneer NEXX to announce a renewed strategic collaboration. Both parties will leverage their resource strengths to launch the first humanoid robot designed specifically for logistics operations in Hong Kong, revolutionizing logistics operations and creating a new smart logistics ecosystem for the future.As a comprehensive development platform focused on logistics assets, Reitar's Property + Logistics Technology (PLT) one-stop solution successfully integrates resources from logistics property development to service provision, delivering cutting-edge logistics solutions that lead industry trends. In this collaboration, Reitar has leveraged its deep insights into the pain points of the industry to guide the development of the humanoid robot "Adam," providing diverse scenarios and needs within the ecosystem to ensure seamless integration of outcomes with actual operations. Reitar will incorporate NEXX's advanced technology in AI, especially the LLM model-driven NEXXBot logistics brain, to endow "Adam" with intelligent decision-making capabilities in logistics. By learning autonomously in real environments, "Adam" will have an optimized design for its motion control center, utilizing advanced control algorithms and high-precision sensor technology, driven by the AI agent under NEXXBot, enabling 'Adam' to execute complex tasks such as handling, sorting, and shelving with precision, significantly enhancing logistics operational efficiency.As the collaboration progresses, "Adam" is set to be fully applied in logistics warehouse. With its intelligent and automated operating methods, it will take on core tasks of cargo handling, sorting, and shelving across multiple scenarios, playing various roles in smart logistics warehouses and achieving leapfrog development. Meanwhile, the successful application of "Adam" will serve as a model for the industry's intelligent transformation, setting a new benchmark for the entire sector and accelerating its transition towards greater intelligence and efficiency. Both parties look forward to contributing unique innovative solutions for the smart transformation of the global logistics industry, truly realizing fully unmanned operations and helping the industry achieve breakthrough development globally.Images Download:http://bit.ly/3Y0mFA6About Reitar LogtechReitar Logtech successfully listed on the NASDAQ in 2024 and is a comprehensive development platform focused on logistics assets, as well as a pioneer in the Property + Logistics Technology (PLT) solution industry. Reitar Logtech possesses unmatched pioneering advantages, with a one-stop operating model and extensive business knowledge and experience, establishing a comprehensive customer base for steady expansion. We provide integrated solutions for asset value enhancement and logistics technology, linking assets, technology, and the logistics industry to improve clients' operational efficiency and economic benefits, achieving comprehensive integration of the industry.About NEXXNEXX is a technology company specializing in LLM (Large Language Models) and AI agents, committed to reshaping smart logistics and supply chain management. The self-developed AI agent NEXXBot is empowered by NEXX's proprietary vertical LLM, the NEXX language model (NexxLM), capable of understanding, formulating, and executing complex warehouse operations tasks with simple natural language commands. NEXX AI agents not only possess core abilities such as intelligent scheduling, demand forecasting, and automatic optimization but also combine multimodal data analysis with reinforcement learning algorithms to continuously enhance logistics operational efficiency. Its agent-based AI architecture breaks traditional software limitations, achieving flexible operations and real-time intelligent decision-making, helping enterprises reduce costs and increase efficiency. In this long-underdeveloped industry, NEXX is leading the path to change towards a smarter and more sustainable future. Copyright 2025 ACN Newswire via SeaPRwire.com.
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Thailand’s Brewing Industry Gets a Boost with Life Below Labs’ Local Yeast Hub ACN Newswire

Thailand’s Brewing Industry Gets a Boost with Life Below Labs’ Local Yeast Hub

BANGKOK, Apr 17, 2025 - (ACN Newswire via SeaPRwire.com) - Life Below Labs, an emerging yeast microbiology startup in Southeast Asia, has officially launched its first production facility in Bangkok, Thailand. Doubling as the company’s headquarters and central production hub, the state-of-the-art lab is dedicated to the innovation, preservation, and large-scale cultivation of fresh brewer’s yeast—offering local craft breweries unrivaled access to high-quality, locally produced fermentation cultures.The facility is equipped with cutting-edge yeast cultivation and quality control systems, including deep freeze storage that adheres to the rigorous standards of national microbial culture banks. This robust infrastructure allows Life Below Labs to preserve yeast cultures at a professional-grade level—ensuring a reliable supply of fresh, high-performance yeast customized to meet the evolving needs of Southeast Asia’s craft beer industry.Engineered for the production of commercial-grade fresh yeast, the lab empowers brewers with superior fermentation consistency, enhanced cell viability, and greater precision in shaping the flavor and aroma profiles of their beer—delivering a distinct edge over conventional dry yeast alternatives.Yeast plays a pivotal role in brewing, deeply influencing a beer’s aroma, flavor profile, and mouthfeel. However, access to fresh, high-quality yeast remains limited in Southeast Asia—hampered by import regulations, supply chain constraints, and the high costs of sourcing from overseas markets like the U.S., Europe, and Australia. Life Below Labs is breaking down these barriers by offering regionally produced, premium-grade fresh yeast specifically crafted to meet the needs of Southeast Asia’s growing craft beer industry.“This facility opens the door for brewers to push creative boundaries and redefine what’s possible in craft beer,” said Alan Edwards, Founder of Life Below Labs. “Fresh, high-quality yeast is a game-changer—enhancing flavor complexity, improving fermentation control, and ensuring batch-to-batch consistency. Our mission is to empower breweries across the region with the tools they need to innovate boldly and deliver exceptional, distinctive beers to their customers.”Backed by decades of combined expertise in bioprocess development and scale-up, Life Below Labs brings deep specialization in fresh yeast fermentation to Southeast Asia’s brewing scene. Founder Alan Edwards and business advisor Thanit Apipatana, both graduates of Imperial College London with backgrounds in Bioengineering and Biochemistry, respectively, lead the team.Trained to uphold rigorous quality standards, the Life Below Labs team ensures meticulous process management at every stage. Its professionally curated yeast bank provides breweries with customized, high-performance yeast strains—offering a dependable backbone for crafting a wide variety of alcoholic beverages.Thanit Apipatana, business advisor at Life Below Labs, said, “Brewing is evolving rapidly, and innovation starts with the right foundation. At Life Below Labs, we view yeast as more than just an ingredient; it’s the essential starting point for every exceptional beverage. We are dedicated to refining this foundation now, enabling brewers to experiment, create, and push boundaries later on without compromise.”Life Below Labs is currently focused on innovating new yeast strains for the future.About Life Below LabsLife Below Labs is a Thailand-based company that provides freshly propagated yeast solutions for craft breweries and beverage producers across Southeast Asia. Combining advanced microbiology expertise with innovative bioprocessing techniques, Life Below Labs delivers high-quality yeast tailored for superior flavor, consistency, and production flexibility. The company is led by founder and CEO Alan Edwards, who brings over a decade of microbiology experience to support breweries in creating exceptional beverages. Copyright 2025 ACN Newswire via SeaPRwire.com.
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Thailand’s Brewing Industry Gets a Boost with Life Below Labs’ Local Yeast Hub ACN Newswire

Thailand’s Brewing Industry Gets a Boost with Life Below Labs’ Local Yeast Hub

BANGKOK, Apr 17, 2025 - (ACN Newswire via SeaPRwire.com) - Life Below Labs, an emerging yeast microbiology startup in Southeast Asia, has officially launched its first production facility in Bangkok, Thailand. Doubling as the company’s headquarters and central production hub, the state-of-the-art lab is dedicated to the innovation, preservation, and large-scale cultivation of fresh brewer’s yeast—offering local craft breweries unrivaled access to high-quality, locally produced fermentation cultures.The facility is equipped with cutting-edge yeast cultivation and quality control systems, including deep freeze storage that adheres to the rigorous standards of national microbial culture banks. This robust infrastructure allows Life Below Labs to preserve yeast cultures at a professional-grade level—ensuring a reliable supply of fresh, high-performance yeast customized to meet the evolving needs of Southeast Asia’s craft beer industry.Engineered for the production of commercial-grade fresh yeast, the lab empowers brewers with superior fermentation consistency, enhanced cell viability, and greater precision in shaping the flavor and aroma profiles of their beer—delivering a distinct edge over conventional dry yeast alternatives.Yeast plays a pivotal role in brewing, deeply influencing a beer’s aroma, flavor profile, and mouthfeel. However, access to fresh, high-quality yeast remains limited in Southeast Asia—hampered by import regulations, supply chain constraints, and the high costs of sourcing from overseas markets like the U.S., Europe, and Australia. Life Below Labs is breaking down these barriers by offering regionally produced, premium-grade fresh yeast specifically crafted to meet the needs of Southeast Asia’s growing craft beer industry.“This facility opens the door for brewers to push creative boundaries and redefine what’s possible in craft beer,” said Alan Edwards, Founder of Life Below Labs. “Fresh, high-quality yeast is a game-changer—enhancing flavor complexity, improving fermentation control, and ensuring batch-to-batch consistency. Our mission is to empower breweries across the region with the tools they need to innovate boldly and deliver exceptional, distinctive beers to their customers.”Backed by decades of combined expertise in bioprocess development and scale-up, Life Below Labs brings deep specialization in fresh yeast fermentation to Southeast Asia’s brewing scene. Founder Alan Edwards and business advisor Thanit Apipatana, both graduates of Imperial College London with backgrounds in Bioengineering and Biochemistry, respectively, lead the team.Trained to uphold rigorous quality standards, the Life Below Labs team ensures meticulous process management at every stage. Its professionally curated yeast bank provides breweries with customized, high-performance yeast strains—offering a dependable backbone for crafting a wide variety of alcoholic beverages.Thanit Apipatana, business advisor at Life Below Labs, said, “Brewing is evolving rapidly, and innovation starts with the right foundation. At Life Below Labs, we view yeast as more than just an ingredient; it’s the essential starting point for every exceptional beverage. We are dedicated to refining this foundation now, enabling brewers to experiment, create, and push boundaries later on without compromise.”Life Below Labs is currently focused on innovating new yeast strains for the future.About Life Below LabsLife Below Labs is a Thailand-based company that provides freshly propagated yeast solutions for craft breweries and beverage producers across Southeast Asia. Combining advanced microbiology expertise with innovative bioprocessing techniques, Life Below Labs delivers high-quality yeast tailored for superior flavor, consistency, and production flexibility. The company is led by founder and CEO Alan Edwards, who brings over a decade of microbiology experience to support breweries in creating exceptional beverages. Copyright 2025 ACN Newswire via SeaPRwire.com.
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InnoEX and Spring Electronics Fair attract some 88,000 global buyers ACN Newswire

InnoEX and Spring Electronics Fair attract some 88,000 global buyers

- The 3rd InnoEX and 21st Spring Electronics Fair concluded successfully today, attracting some 88,000 buyers from 148 countries and regions.- One of the highlights of this year's InnoEX were the low-altitude economic solutions, which generated significant interest and attracted enquiries and business discussions from global buyers, including those from emerging markets.- Over half of InnoEX and Spring Electronics Fair respondents intend to expand into emerging markets, including ASEAN, Mainland China and the Middle East.- 40% survey respondents at the Spring Electronics Fair expect their overall sales to increase in the next one to two years, while half of all respondents are confident that they can maintain the current level.HONG KONG, Apr 16, 2025 - (ACN Newswire via SeaPRwire.com) – The 3rd InnoEX, co-organised by the Innovation, Technology and Industry Bureau of the HKSAR Government and the Hong Kong Trade Development Council (HKTDC), alongside the 21st HKTDC Hong Kong Electronics Fair (Spring Edition), concluded successfully today. The four-day exhibitions attracted some 88,000 buyers from 148 countries and regions. Apart from local visitors, the fairs welcomed buyers mainly from Mainland China, India, Japan, Korea and Taiwan.Sophia Chong, HKTDC Deputy Executive Director, said, “As the two core events of the Business of Innovation and Technology Week (BIT Week), InnoEX and the Spring Electronics Fair attracted some 88,000 visitors from Hong Kong, Mainland China and overseas. By showcasing the latest smart solutions and R&D achievements to international buyers, exhibitors initiated numerous regional business collaborations and discussions, while exploring new markets successfully. The exhibitions further advanced Hong Kong's development as an international I&T hub and reinforced its status as a global trade centre, demonstrating Hong Kong's advantages of connecting with both the Mainland and the world.”This year's InnoEX focused on five major technology areas, namely the low-altitude economy, AI, robotics, cybersecurity, and smart mobility, aiming to address pain points for both large and small and medium-sized enterprises and bring new development opportunities for them. Among the technology solutions, the low-altitude economy was particularly popular, attracting the attention of many buyers.InnoEX brought together the latest innovative R&D and solutions from around the world. The Smart Hong Kong Pavilion, set up by the Digital Policy Office, had over a hundred I&T achievements closely related to the lives of citizens, including I&T solutions from 20 government bureaux and departments, and award-winning solutions from multiple I&T competitions.In addition, there were multiple local pavilions, 17 pavilions from 16 provinces and municipalities in the Mainland, and overseas pavilions, including from Canada and the United Kingdom, the French 'So French So Innovative' pavilion, and the Smart Cities Council from Australia. The fair also attracted tertiary institutions and big companies which participated as independent exhibitors, including China Mobile Hong Kong, Huawei, IBM, and more. The exhibitors showcased their technological solutions in different fields and successfully attracted many buyers to discuss cooperation.Exhibitors expand into new markets while buyers actively sourceZeng Quanhong, Manager of Marketing Department, Vertaxi, stated that the company showcased its electric vertical take-off and landing (eVTOL) aircraft at InnoEX, establishing relationships with some 30 potential buyers from ASEAN, Canada, Europe, India, UAE, and Hong Kong. "InnoEX is a quality platform with high foot traffic which has broadened our horizons. For example, after communicating with buyers from Thailand, we learned that the aircraft could be applied to local tourism services in Thailand, helping us explore new markets. Our participation this year was very successful, and we will definitely return next year."Australian buyer Spacious Property Development Group (Spacious) looked for technologies that can help reduce hotel operating costs at InnoEX, and was particularly interested in automated delivery robots, cleaning robots, and vending machines offered by exhibitors from Mainland China and Hong Kong respectively. Angela Liang, Managing Director of Spacious, said, "InnoEX provided us with an excellent opportunity to introduce innovative technologies to the Australian market, especially now that the United States has increased tariffs, prompting suppliers around the world to actively explore other new markets."In addition, some exhibitors successfully established important partnerships through InnoEX. Among them, Philippine buyer Digital Pilipinas and International Digital Economies Association signed a distribution agreement with the United Kingdom’s exhibitor Unifi.id to introduce Unifi.id's smart card system for buildings to the Philippines, with hopes of expanding into other emerging markets in the future. Xi’an Meinan Biotechnology Co. Ltd also signed a strategic cooperation agreement with H & Y Building Decoration Electrical Engineering (HK). The partnership aims to enhance the quality of construction projects in Hong Kong and internationally by utilising Meinan’s waterproof mortar technology, promoting sustainable development.The Spring Electronics Fair showcased a variety of products, focusing on products and solutions in the fields of smart home, health tech and wearable devices and the exhibition attracted buyers from around the world and helped exhibitors expand into new markets. Many companies launched new products at the Electronics Fair, including Guangzhou’s Havit Technology, which introduced a hat with headphone functionality utilising air conduction technology and a patented design. Qingdao’s Thunderobot Technology, a subsidiary of Haier Group, made its debut in Asia outside of Mainland China with its smart glasses.At the fair, Shenzhen Antop Technology Co. from Mainland China, showcased air purifiers designed for households with pets. The company's International Business Development Manager, Bojia Yang, said, "In the past, the US market accounted for over 80% of our business. With the increase in US tariffs, we are actively expanding our global operations and exploring new markets, targeting Asia, Europe, and South America. We have made contact with many potential buyers from India and South America at the exhibition, and in the first two days, we received about 50 potential leads, with at least one third showing significant collaboration potential." The company is also discussing a contract for an order valued at approximately USD2.5 million.Additionally, Hong Kong medical technology exhibitor CYBERMED, is currently discussing business deals with two buyers from Mainland China and the Middle East, with each order valued at approximately USD200,000.American buyer DeWalt Mobile Solutions, which produces and sells mobile phone accessories, sourced products at Spring Electronics Fair. Its Director of International Operation, Danny Lo, said, "We are a leading brand in the US and plan to purchase products worth USD500,000 to USD1 million at the electronics fair. Face-to-face communication with suppliers during this crucial sourcing time and discuss business in response to the tariff situations with them was especially important for us."Four thematic days to explore the latest industry developments, with industry leaders sharing their insightsDuring InnoEX and Spring Electronics Fair, several conferences and seminars focused on hot technology topics were held, including the Tech-Driven Industry and Economy Conference, powered by the HKSAR Government's Office for Attracting Strategic Enterprises, which brought together government officials from various countries and regions to discuss how policy measures can promote industrial development. Participants also shared successful policy measures and emerging trends in various countries.Talent is crucial to promoting the development of the I&T ecosystem and, this year, InnoEX and the Spring Electronics Fair jointly hosted “Exhibitors Meet Talents” to assist exhibitors in recruiting professionals and attract people who were interested in exploring job opportunities and engage with employers in the I&T industry.Half of respondents intend to expand into emerging marketsTo further understand the development trends of the I&T and electronics industries, HKTDC appointed an independent survey agency to interview 315 InnoEX and 642 Spring Electronics Fair exhibitors and buyers during the exhibitions. The key results are as follows:InnoEX and Spring Electronics Fair- 50.7% of respondents from InnoEX and Spring Electronics Fair expressed their intention to expand into emerging markets, including ASEAN countries, Mainland China and the Middle East.InnoEX- 33% of respondents believe that the greatest strength of Hong Kong's innovation and technology sector is its unique position as an intermediary between the world and Mainland China. This s followed by having a highly skilled and multicultural talent pool (25.1%) and a robust and efficient financial market (24.6%).- 68.8% of surveyed Hong Kong exhibitors believe that FinTech is the strongest and most advantageous field of I&T in Hong Kong, followed by Smart Cities (18.2%).Spring Electronics Fair- 40% of respondents expect their companies’ overall sales to increase in the next one to two years. Additionally, 50.5% expect to maintain the current overall sales figures, while less than 10% anticipate a decline.- Nearly 30% of respondents believe that compared to traditional electronic products and household appliances, consumers are willing to pay a premium of 21% to 30% more for products that are compatible with smart home or AI applications.In addition, the 2nd Hong Kong World Youth Science Conference brought together top experts, including Nobel Prize winning scholars, to discuss various innovation and science fields. The World Internet Conference Asia-Pacific Summit, held in Hong Kong for the first time, also attracted nearly a thousand participants from all over the world to discuss the latest trends in areas such as AI, digital finance, digital government and smart living, creating synergies with BIT Week events.Photo download: https://bit.ly/3YA7Y75The 3rd InnoEX and the 21st Spring Electronics Fair concluded successfully today, attracting some 88,000 buyers from 148 countries and regions.The Low-altitude Economy zone presented drone and aircraft solutions from various companies, attracting many potential buyers.The Tech-Driven Industry and Economy Conference brought together government officials from Mainland China, Hong Kong and abroad to share how technology drives industry and economic development.With the World Internet Conference (WIC) Asia-Pacific Summit also taking place in Hong Kong, Zhuang Rongwen, Chair of WIC and Minister of Cyberspace Administration of China (middle) visited InnoEX to explore the innovations presented by exhibitors, including a showcase at the Digital Policy Office's Smart Hong Kong Pavilion.Robotics was one of the highlights at this year’s InnoEX. Pictured is a robot at the Beijing Zhongguancun pavilion.Australia’s Smart Cities Council participated in InnoEX for the first time, bringing cybersecurity and AI compliance solutions.At the Spring Electronics Fair, a Tech Trends Symposium was held with the theme "AI on the Go: A New Era of Intelligent Wearable Electronics", inviting industry leaders to discuss how wearable devices such as smart glasses and smart rings are reshaping people’s work and lifestyles.Several companies launched new products during the Spring Electronics Fair, including Havit Technology which unveiled a hat with headphone functionality using air conduction technology and a patented design.Spring Electronics Fair’s Digital Entertainment Experiential Zone returned this year, offering e-sports and interactive gaming experiences provided by game developers, including Refract’s VR boxing game.WebsitesInnoEX: innoex.hktdc.com/enHong Kong Electronics Fair (Spring Edition): hkelectronicsfairse.hktdc.com/enMedia enquiriesYuan Tung Financial Relations:Salina ChengTel: (852) 3428 2362Email: salcheng@yuantung.com.hkHing-fung WongTel: (852) 3428 3122Email: hfwong@yuantung.com.hkHKTDC’s Communications & Public Affairs Department:Sharon HaTel: (852) 2584 4575Email: sharon.mt.ha@hktdc.orgJohnny TsuiTel: (852) 2584 4395Email: johnny.cy.tsui@hktdc.orgClayton Lau Tel: (852) 2584 4472Email: clayton.y.lauw@hktdc.orgAbout HKTDCThe Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With over 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Copyright 2025 ACN Newswire via SeaPRwire.com.
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CBL International Limited Reports 2024 Full-Year Results ACN Newswire

CBL International Limited Reports 2024 Full-Year Results

Kuala Lumpur, Apr 17, 2025 - (ACN Newswire via SeaPRwire.com) – April 16, CBL International Limited (NASDAQ: BANL) (the “Company” or “CBL”), the listing vehicle of Banle Group (“Banle” or “the Group”), a leading marine fuel logistic company in the Asia-Pacific region, today announced its annual financial results for the year ended December 31, 2024.Financial Performance OverviewThe company reported consolidated revenue of $592.52 million for the year ended December 31, 2024, marking a 35.9% increase from $435.90 million in 2023. This growth was primarily driven by a 38.1% increase in sales volume, supported by the addition of new customers during the year, expansion of our supply network to cover more ports, and a broader customer base that now includes bulk carriers and oil and gas tankers in addition to container liner operators.Due to challenging market conditions, the Company reported a net loss of $3.87 million in 2024, compared to a net income of $1.13 million in 2023, mainly attributed to a 25.5% decrease in gross profit to $5.37 million in 2024 from $7.21 million in 2023 and a 56.8% rise in operating expenses to $8.70 million in 2024 from $5.55 million in 2023. The Company adopted a volume-driven growth strategy that involved offering more competitive pricing in a market characterized by intensified competition and pricing pressure. While this approach supported increased sales volume and market share, it also contributed to narrower profit margins.In addition to reduced gross margins, the net loss was impacted by increased expenses for business expansion, biofuel operation, additional expenses to enhance ESG, and a rise in interest expenses. These were partially offset by a reduction in income tax expenses. The financial outcome reflects both the dynamic nature of the bunkering industry and the Company’s ongoing investment in client base development and geographic growth, which are expected to enhance long-term positioning as market conditions normalize.Earnings per share (EPS) reflected this, decrease to $(0.136) in 2024 from $0.045 in 2023. Cash and cash equivalents increased by 8.3% to $8.02 million as of December 31, 2024 from $7.40 million as of December 31, 2023.Business Expansion in Challenging TimesCBL International’s operational expansion was a key focus in 2024, particularly in a challenging industry environment marked by geopolitical tensions, such as the Red Sea crisis and broader Middle East tensions. The company grew its service network from 36 ports at the time of its IPO in March 2023 to over 60 ports by year-end 2024, covering Asia Pacific, Europe, Africa, and Central America. Revenue growth year-on-year was notable across China, Hong Kong, Malaysia, Singapore, and South Korea.Key new ports included Mauritius, Panama, and India, enhancing its global reach. This expansion was supported by servicing nine of the world’s top 12 container shipping lines, representing nearly 60% of global container fleet capacity. The Company’s European expansion focused on strengthening cross-regional service offerings for Euro–Asia trade routes. Growth was supported by a stronger presence in the Amsterdam-Rotterdam-Antwerp (ARA) region and a new Ireland office established in late 2023, enhancing local sourcing capabilities.Customer diversification was another priority, with the share of non-container liners in total revenue increased, and sales concentration among the top five customers declined in fiscal year 2024.A significant highlight was the company’s push towards sustainability, with biofuel sales surging by 628.8% and volume by 603.0%. The introduction of B24 biofuel (76% fossil fuel, 24% used cooking oil methyl ester) in Hong Kong, China, and Malaysia reduced greenhouse gas emissions by 20%, supported by ISCC EU and ISCC Plus certifications secured in 2023. This aligns with global trends towards greener shipping solutions and positions CBL as a leader in sustainable fuel logistics.Strategically, CBL enhanced its IT systems, implementing real-time order tracking, data analytics, and workflow automation to improve efficiency. Credit risk management was strengthened, and working capital management improved with increased factoring facilities and a cash balance rise, navigating macroeconomic challenges through pricing strategies and port network adjustments. Additionally, CBL expanded its funding sources by accessing capital markets, such as private placement, increasing financial flexibility to support growth initiatives.Bullish Outlook and Customer Loyalty StrategyDespite the net loss, CBL’s management remains optimistic about the future, viewing current industry challenges as an opportunity to build resilience and enhance customer loyalty. While prudently evaluating the impact of the latest U.S. tariff policy, among other macro incidents such as geopolitical tensions, regulatory changes, and shifting global trade dynamics, on the economy and the bunkering sector, CBL believes its broad global network, primarily focused on intra-Asia and Euro-Asia trade routes, helps mitigate potential adverse effects. Since the Company has no operation on U.S. ports, the impact of such policies may be limited in the near future.The Company’s strategic expansion of ports, diversification of its client base, and commitment to sustainable initiatives are designed to position it for growth when market conditions improve. By investing in new ports and expanding relationships with key industry players, CBL aims to secure long-term partnerships that will strengthen its market position as global trade stabilizes and profitability improves.Management Commentary and Future OutlookDr. Teck Lim Chia, Chairman and CEO of CBL International Limited, stated, “We are confident in our strategy to expand our service network, maximize sales volume and explore sustainable offerings, even in these challenging times. Our investments in new ports, diversified clients, and sustainable fuels are building a foundation for future growth. We believe that by demonstrating our capabilities at present, we will earn customer loyalty that will yield substantial benefits as the market recovers, positioning CBL International for significant success in the years ahead.”Looking ahead, CBL remains focused on expanding its market presence, particularly in biofuels, and enhancing its global supply network. The company is committed to driving operational efficiency and delivering sustainable growth.Webcast DetailsCBL International Limited (Nasdaq: BANL) cordially invites you to participate in a webcast to discuss its financial results for the year ended December 31, 2024.About the Banle GroupCBL International Limited (Nasdaq: BANL) is the listing vehicle of Banle Group, a reputable marine fuel logistic company based in the Asia Pacific region that was established in 2015. We are committed to providing customers with one-stop solution for vessel refueling, which is referred to as bunkering facilitator in the bunkering industry. We facilitate vessel refueling mainly through local physical suppliers in over 60 major ports covering Belgium, China, Hong Kong, India, Japan, Korea, Malaysia, Mauritius, Panama, the Philippines, Singapore, Taiwan, Thailand, Turkey and Vietnam, as of 16 April, 2025. The Group actively promotes the use of sustainable fuels and is awarded with the ISCC EU and ISCC Plus certifications.For more information about our company, please visit our website at: https://www.banle-intl.com.Forward-Looking StatementsCertain statements in this announcement are not historical facts but are forward-looking statements. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “could,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “plan,” “should,” “would,” “plan,” “future,” “outlook,” “potential,” “project” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements include, but are not limited to, statements regarding estimates and forecasts of other performance metrics and projections of market opportunity. They involve known and unknown risks and uncertainties and are based on various assumptions, whether or not identified in this press release and on current expectations of BANL’s management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of BANL. Some important factors that could cause actual results to differ materially from those in any forward-looking statements could include changes in domestic and foreign business, fuel prices and tariffs, market, financial, political and legal conditions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the SEC.CBL INTERNATIONAL LIMITED (Incorporated in Cayman Islands with limited liabilities)For more information, please contact:CBL International Limited Email: investors@banle-intl.comStrategic Financial Relations Limited Shelly Cheng Tel: (852) 2864 4857 Iris Au Yeung Tel: (852) 2114 4913Email: sprg_cbl@sprg.com.hk Copyright 2025 ACN Newswire via SeaPRwire.com.
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CBL International Limited Reports 2024 Full-Year Results ACN Newswire

CBL International Limited Reports 2024 Full-Year Results

Kuala Lumpur, Apr 17, 2025 - (ACN Newswire via SeaPRwire.com) – April 16, CBL International Limited (NASDAQ: BANL) (the “Company” or “CBL”), the listing vehicle of Banle Group (“Banle” or “the Group”), a leading marine fuel logistic company in the Asia-Pacific region, today announced its annual financial results for the year ended December 31, 2024.Financial Performance OverviewThe company reported consolidated revenue of $592.52 million for the year ended December 31, 2024, marking a 35.9% increase from $435.90 million in 2023. This growth was primarily driven by a 38.1% increase in sales volume, supported by the addition of new customers during the year, expansion of our supply network to cover more ports, and a broader customer base that now includes bulk carriers and oil and gas tankers in addition to container liner operators.Due to challenging market conditions, the Company reported a net loss of $3.87 million in 2024, compared to a net income of $1.13 million in 2023, mainly attributed to a 25.5% decrease in gross profit to $5.37 million in 2024 from $7.21 million in 2023 and a 56.8% rise in operating expenses to $8.70 million in 2024 from $5.55 million in 2023. The Company adopted a volume-driven growth strategy that involved offering more competitive pricing in a market characterized by intensified competition and pricing pressure. While this approach supported increased sales volume and market share, it also contributed to narrower profit margins.In addition to reduced gross margins, the net loss was impacted by increased expenses for business expansion, biofuel operation, additional expenses to enhance ESG, and a rise in interest expenses. These were partially offset by a reduction in income tax expenses. The financial outcome reflects both the dynamic nature of the bunkering industry and the Company’s ongoing investment in client base development and geographic growth, which are expected to enhance long-term positioning as market conditions normalize.Earnings per share (EPS) reflected this, decrease to $(0.136) in 2024 from $0.045 in 2023. Cash and cash equivalents increased by 8.3% to $8.02 million as of December 31, 2024 from $7.40 million as of December 31, 2023.Business Expansion in Challenging TimesCBL International’s operational expansion was a key focus in 2024, particularly in a challenging industry environment marked by geopolitical tensions, such as the Red Sea crisis and broader Middle East tensions. The company grew its service network from 36 ports at the time of its IPO in March 2023 to over 60 ports by year-end 2024, covering Asia Pacific, Europe, Africa, and Central America. Revenue growth year-on-year was notable across China, Hong Kong, Malaysia, Singapore, and South Korea.Key new ports included Mauritius, Panama, and India, enhancing its global reach. This expansion was supported by servicing nine of the world’s top 12 container shipping lines, representing nearly 60% of global container fleet capacity. The Company’s European expansion focused on strengthening cross-regional service offerings for Euro–Asia trade routes. Growth was supported by a stronger presence in the Amsterdam-Rotterdam-Antwerp (ARA) region and a new Ireland office established in late 2023, enhancing local sourcing capabilities.Customer diversification was another priority, with the share of non-container liners in total revenue increased, and sales concentration among the top five customers declined in fiscal year 2024.A significant highlight was the company’s push towards sustainability, with biofuel sales surging by 628.8% and volume by 603.0%. The introduction of B24 biofuel (76% fossil fuel, 24% used cooking oil methyl ester) in Hong Kong, China, and Malaysia reduced greenhouse gas emissions by 20%, supported by ISCC EU and ISCC Plus certifications secured in 2023. This aligns with global trends towards greener shipping solutions and positions CBL as a leader in sustainable fuel logistics.Strategically, CBL enhanced its IT systems, implementing real-time order tracking, data analytics, and workflow automation to improve efficiency. Credit risk management was strengthened, and working capital management improved with increased factoring facilities and a cash balance rise, navigating macroeconomic challenges through pricing strategies and port network adjustments. Additionally, CBL expanded its funding sources by accessing capital markets, such as private placement, increasing financial flexibility to support growth initiatives.Bullish Outlook and Customer Loyalty StrategyDespite the net loss, CBL’s management remains optimistic about the future, viewing current industry challenges as an opportunity to build resilience and enhance customer loyalty. While prudently evaluating the impact of the latest U.S. tariff policy, among other macro incidents such as geopolitical tensions, regulatory changes, and shifting global trade dynamics, on the economy and the bunkering sector, CBL believes its broad global network, primarily focused on intra-Asia and Euro-Asia trade routes, helps mitigate potential adverse effects. Since the Company has no operation on U.S. ports, the impact of such policies may be limited in the near future.The Company’s strategic expansion of ports, diversification of its client base, and commitment to sustainable initiatives are designed to position it for growth when market conditions improve. By investing in new ports and expanding relationships with key industry players, CBL aims to secure long-term partnerships that will strengthen its market position as global trade stabilizes and profitability improves.Management Commentary and Future OutlookDr. Teck Lim Chia, Chairman and CEO of CBL International Limited, stated, “We are confident in our strategy to expand our service network, maximize sales volume and explore sustainable offerings, even in these challenging times. Our investments in new ports, diversified clients, and sustainable fuels are building a foundation for future growth. We believe that by demonstrating our capabilities at present, we will earn customer loyalty that will yield substantial benefits as the market recovers, positioning CBL International for significant success in the years ahead.”Looking ahead, CBL remains focused on expanding its market presence, particularly in biofuels, and enhancing its global supply network. The company is committed to driving operational efficiency and delivering sustainable growth.Webcast DetailsCBL International Limited (Nasdaq: BANL) cordially invites you to participate in a webcast to discuss its financial results for the year ended December 31, 2024.About the Banle GroupCBL International Limited (Nasdaq: BANL) is the listing vehicle of Banle Group, a reputable marine fuel logistic company based in the Asia Pacific region that was established in 2015. We are committed to providing customers with one-stop solution for vessel refueling, which is referred to as bunkering facilitator in the bunkering industry. We facilitate vessel refueling mainly through local physical suppliers in over 60 major ports covering Belgium, China, Hong Kong, India, Japan, Korea, Malaysia, Mauritius, Panama, the Philippines, Singapore, Taiwan, Thailand, Turkey and Vietnam, as of 16 April, 2025. The Group actively promotes the use of sustainable fuels and is awarded with the ISCC EU and ISCC Plus certifications.For more information about our company, please visit our website at: https://www.banle-intl.com.Forward-Looking StatementsCertain statements in this announcement are not historical facts but are forward-looking statements. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “could,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “plan,” “should,” “would,” “plan,” “future,” “outlook,” “potential,” “project” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements include, but are not limited to, statements regarding estimates and forecasts of other performance metrics and projections of market opportunity. They involve known and unknown risks and uncertainties and are based on various assumptions, whether or not identified in this press release and on current expectations of BANL’s management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of BANL. Some important factors that could cause actual results to differ materially from those in any forward-looking statements could include changes in domestic and foreign business, fuel prices and tariffs, market, financial, political and legal conditions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the SEC.CBL INTERNATIONAL LIMITED (Incorporated in Cayman Islands with limited liabilities)For more information, please contact:CBL International Limited Email: investors@banle-intl.comStrategic Financial Relations Limited Shelly Cheng Tel: (852) 2864 4857 Iris Au Yeung Tel: (852) 2114 4913Email: sprg_cbl@sprg.com.hk Copyright 2025 ACN Newswire via SeaPRwire.com.
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GA-ASI Announces Technology Investments From Blue Magic Netherlands ACN Newswire

GA-ASI Announces Technology Investments From Blue Magic Netherlands

SAN DIEGO, CA, Apr 17, 2025 - (ACN Newswire via SeaPRwire.com) - General Atomics Aeronautical Systems, Inc. (GA-ASI) is pleased to announce two businesses that it will invest in from the inaugural Blue Magic Netherlands (BMN) event last November: Emergent Swarm Solutions and Saluqi Motors."The technologies presented by Emergent and Saluqi really stood out to us, and we're proud to be working with them," said Brad Lunn, managing director for GA-ASI. "I expect several other companies from the Blue Magic Netherlands event to emerge and we hope to make additional announcements in the near future."At the Blue Magic investment and innovation conference in the Netherlands, GA-ASI and its partners heard pitches from innovative Dutch companies about the important technologies they are developing. The event was organized collaboratively between GA-ASI, the Dutch Ministry of Defense, the Dutch Ministry of Economic Affairs, Brainport Development in Eindhoven, and Brabant Development Agency (BOM). The key areas of focus were Artificial Intelligence/Machine Learning, Autonomy, Advanced Materials, Sensors, Advanced Manufacturing, and Space. Close to 50 companies applied and after reviewing the applications, 16 companies were selected to pitch their capabilities.Emergent Swarm Solutions and Saluqi Motors were selected by GA-ASI to make investments after both companies made compelling pitches about their respective technologies at the BMN event and following months of detailed business and technology discussions with the two companies.Emergent Swarm Solutions develops innovative software solutions for autonomous flight and intelligent, decentralized swarming capabilities for a variety of unmanned vehicles. GA-ASI is partnering with Emergent to develop critical autonomy skills for GA-ASI's current and future portfolio of aircraft."It is a pleasure to partner with General Atomics to develop and deploy our autonomy and swarming capabilities on the current and next generation of unmanned aircraft," said Lennart Bult, Co-founder and Managing Director at Emergent Swarm Solutions. "Collaborating with the General Atomics team has been a fantastic experience, and we look forward to delivering advanced capabilities through this partnership."Saluqi Motors builds high-density motors with integrated electronics that significantly increase power and torque in small packages, which is well-suited for airborne platforms. GA-ASI is partnering with Saluqi to qualify their existing products within the strict environmental demands of aerospace applications and to develop new products for specific applications."We are deeply honored to be selected by GA-ASI from such a strong field of innovative companies," said Matthijs de Haan, CEO at Saluqi Motors. "Our ultra-compact and high-performance motors are engineered to meet the demanding requirements of aerospace applications. This collaboration enables us to further validate our technology and develop new solutions for the defense and aerospace industries."GA-ASI is a global leader in unmanned aircraft systems and related mission systems. The company hosted its first Blue Magic event in 2019 in Belgium, with subsequent events held in 2020, 2021, and 2023. GA-ASI is delivering eight MQ-9A aircraft to the Royal Netherlands Air Force (RNLAF)."GA-ASI is committed to continue working with the Dutch government and Dutch industry in supporting the growth of technology innovation in the Netherlands. GA-ASI anticipates holding additional BMN events in the near future," Lunn added.About GA-ASIGeneral Atomics Aeronautical Systems, Inc., is the world's foremost builder of Unmanned Aircraft Systems (UAS). Logging more than 8 million flight hours, the Predator® line of UAS has flown for over 30 years and includes MQ-9A Reaper®, MQ-1C Gray Eagle® 25M, MQ-20 Avenger®, and MQ-9B SkyGuardian®/SeaGuardian®. The company is dedicated to providing long-endurance, multi-mission solutions that deliver persistent situational awareness and rapid strike.For more information, visit www.ga-asi.com.Avenger, EagleEye, Gray Eagle, Lynx, Predator, Reaper, SeaGuardian, and SkyGuardian are trademarks of General Atomics Aeronautical Systems, Inc., registered in the United States and/or other countries.Contact InformationGA-ASI Media Relationsasi-mediarelations@ga-asi.com(858) 524-8101SOURCE: General Atomics Aeronautical Systems, Inc. Copyright 2025 ACN Newswire via SeaPRwire.com.
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GA-ASI Announces Technology Investments From Blue Magic Netherlands ACN Newswire

GA-ASI Announces Technology Investments From Blue Magic Netherlands

SAN DIEGO, CA, Apr 17, 2025 - (ACN Newswire via SeaPRwire.com) - General Atomics Aeronautical Systems, Inc. (GA-ASI) is pleased to announce two businesses that it will invest in from the inaugural Blue Magic Netherlands (BMN) event last November: Emergent Swarm Solutions and Saluqi Motors."The technologies presented by Emergent and Saluqi really stood out to us, and we're proud to be working with them," said Brad Lunn, managing director for GA-ASI. "I expect several other companies from the Blue Magic Netherlands event to emerge and we hope to make additional announcements in the near future."At the Blue Magic investment and innovation conference in the Netherlands, GA-ASI and its partners heard pitches from innovative Dutch companies about the important technologies they are developing. The event was organized collaboratively between GA-ASI, the Dutch Ministry of Defense, the Dutch Ministry of Economic Affairs, Brainport Development in Eindhoven, and Brabant Development Agency (BOM). The key areas of focus were Artificial Intelligence/Machine Learning, Autonomy, Advanced Materials, Sensors, Advanced Manufacturing, and Space. Close to 50 companies applied and after reviewing the applications, 16 companies were selected to pitch their capabilities.Emergent Swarm Solutions and Saluqi Motors were selected by GA-ASI to make investments after both companies made compelling pitches about their respective technologies at the BMN event and following months of detailed business and technology discussions with the two companies.Emergent Swarm Solutions develops innovative software solutions for autonomous flight and intelligent, decentralized swarming capabilities for a variety of unmanned vehicles. GA-ASI is partnering with Emergent to develop critical autonomy skills for GA-ASI's current and future portfolio of aircraft."It is a pleasure to partner with General Atomics to develop and deploy our autonomy and swarming capabilities on the current and next generation of unmanned aircraft," said Lennart Bult, Co-founder and Managing Director at Emergent Swarm Solutions. "Collaborating with the General Atomics team has been a fantastic experience, and we look forward to delivering advanced capabilities through this partnership."Saluqi Motors builds high-density motors with integrated electronics that significantly increase power and torque in small packages, which is well-suited for airborne platforms. GA-ASI is partnering with Saluqi to qualify their existing products within the strict environmental demands of aerospace applications and to develop new products for specific applications."We are deeply honored to be selected by GA-ASI from such a strong field of innovative companies," said Matthijs de Haan, CEO at Saluqi Motors. "Our ultra-compact and high-performance motors are engineered to meet the demanding requirements of aerospace applications. This collaboration enables us to further validate our technology and develop new solutions for the defense and aerospace industries."GA-ASI is a global leader in unmanned aircraft systems and related mission systems. The company hosted its first Blue Magic event in 2019 in Belgium, with subsequent events held in 2020, 2021, and 2023. GA-ASI is delivering eight MQ-9A aircraft to the Royal Netherlands Air Force (RNLAF)."GA-ASI is committed to continue working with the Dutch government and Dutch industry in supporting the growth of technology innovation in the Netherlands. GA-ASI anticipates holding additional BMN events in the near future," Lunn added.About GA-ASIGeneral Atomics Aeronautical Systems, Inc., is the world's foremost builder of Unmanned Aircraft Systems (UAS). Logging more than 8 million flight hours, the Predator® line of UAS has flown for over 30 years and includes MQ-9A Reaper®, MQ-1C Gray Eagle® 25M, MQ-20 Avenger®, and MQ-9B SkyGuardian®/SeaGuardian®. The company is dedicated to providing long-endurance, multi-mission solutions that deliver persistent situational awareness and rapid strike.For more information, visit www.ga-asi.com.Avenger, EagleEye, Gray Eagle, Lynx, Predator, Reaper, SeaGuardian, and SkyGuardian are trademarks of General Atomics Aeronautical Systems, Inc., registered in the United States and/or other countries.Contact InformationGA-ASI Media Relationsasi-mediarelations@ga-asi.com(858) 524-8101SOURCE: General Atomics Aeronautical Systems, Inc. Copyright 2025 ACN Newswire via SeaPRwire.com.
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analytica Vietnam 2025 Concludes with Record-Breaking Attendance and Exhibitor Participation ACN Newswire

analytica Vietnam 2025 Concludes with Record-Breaking Attendance and Exhibitor Participation

HO CHI MINH CITY, VIETNAM, Apr 14, 2025 - (ACN Newswire via SeaPRwire.com) - analytica Vietnam 2025, the leading international trade fair for laboratory technology, biotechnology, analysis, and diagnostics, successfully concluded its 9th edition, held from 2–4 April 2025 at the Saigon Exhibition and Convention Center (SECC). Organised by MMI Asia Pte Ltd, a wholly owned subsidiary and regional headquarters of Messe München GmbH (MMG), in collaboration with Vietnam Exhibition and Event Services Co., Ltd (VNEES), and supported by the Ministry of Science and Technology of Vietnam, the event surpassed all previous records in attendance and international participation. This milestone reinforces analytica Vietnam’s reputation as Southeast Asia’s premier platform for scientific innovation, cross-border collaboration, and advanced laboratory solutions.The exhibition welcomed 6,657 visitors, including 5,908 unique attendees from 37 countries, reflecting a 23% increase in unique visitors compared to the 2023 edition. This growth highlights the region's increasing demand for cutting-edge laboratory technologies and the growing prominence of the event on the international stage.Impressive Growth and Strong International Participationanalytica Vietnam 2025 experienced exceptional expansion, with a 52% increase in exhibitors. The exhibition hosted over 300 companies and brands across a 7,000 sqm exhibition space, a 56% increase in space compared to 2023. A notable 71% of exhibitors were international, underscoring the event’s rising international appeal and establishing it as a key meeting point for global industry leaders.Prakash Mishra, Head of Vietnam SLS Commercial at Merck Vietnam, remarked, “The quality of visitors this year has been very good—we’ve met professionals from across Asia, Europe, and even the US who are genuinely interested in understanding and entering the Vietnam market. For us, this has been an excellent opportunity to connect with both local and international partners. It’s encouraging to see Vietnam gaining more visibility on the global stage, and analytica Vietnam has played a key role in that. Overall, it’s been a strong start to the year, and we’re leaving the show with meaningful leads and a very positive outlook.”Key Show Features and HighlightsAcademic ConferenceThe concurrent academic conference attracted 770 participants, a notable increase from the 582 attendees in 2023. The conference provided a comprehensive program featuring industry experts and thought leaders, addressing key research trends, technological advancements, and challenges faced by the laboratory and biotechnology sectors.Southeast Asia’s First Live Lab PremiereA key highlight of analytica Vietnam 2025 was the debut of Southeast Asia’s first Live Lab, attracting over 770 participants. This immersive experience offered live demonstrations in a real laboratory environment, allowing attendees to interact with experts and explore the latest technologies in action. It provided valuable, hands-on insights into the practical applications of modern lab workflows.Hosted Buyer Program:analytica Vietnam 2025 welcomed 544 Hosted Buyers from Vietnam and neighboring countries including Laos, Cambodia, Thailand, and Malaysia. With over 700 pre-arranged meetings, the program fostered meaningful business engagement, paving the way for strategic partnerships and regional growth across the laboratory and analytical sectors.Startup PavilionThe Startup Pavilion showcased emerging companies in the laboratory sector, spotlighting innovations and new technologies that are poised to shape the future of the industry. This section of the exhibition offered a platform for fresh ideas and groundbreaking solutions that are advancing laboratory technology.Lab Design and Construction ForumThe Lab Design and Construction Forum delved into the future of sustainable and efficient laboratory infrastructure. The forum featured insights from industry leaders and experts on how modern design principles are transforming laboratory facilities to meet the growing demands of science, research, and industry.Innovation ZoneThe Innovation Zone was a dedicated space showcasing breakthrough technologies that are transforming laboratory operations and industry practices. Attendees had the opportunity to explore cutting-edge products and solutions that are shaping the future of laboratory technology.Exclusive Lab ToursSpecially curated Lab Tours took participants behind the scenes of leading research and testing facilities in Vietnam. These tours offered a deeper understanding of local industry advancements and provided insights into the real-world applications of the technologies showcased at the event.Future Editions: analytica Convention 2026 in Hanoi & analytica Vietnam 2027 in Ho Chi Minh CityBuilding on the remarkable success of analytica Vietnam 2025, MMI Asia is set to extend its reach across Vietnam. The analytica Convention 2026 will take place from April 22–24, 2026, at the International Exhibition Center (ICE) in Hanoi. Designed as an exclusive gathering, this event will feature a top-tier scientific conference and a focused showcase of laboratory technologies, offering industry professionals and academics in Northern Vietnam direct access to global innovations.The full-scale edition of analytica Vietnam will return to Ho Chi Minh City from March 31 to April 2, 2027, at the Saigon Exhibition and Convention Center (SECC). With expectations for greater international presence and broader industry coverage, the 2027 edition will continue to serve as a strategic hub for technology exchange, partnerships, and market expansion in Southeast Asia.About analytica Vietnamanalytica Vietnam is the premier trade fair for laboratory technology, analysis, and biotechnology in Southeast Asia. Organized by Messe München, the event brings together industry professionals, researchers, and policymakers to showcase the latest technologies,exchange knowledge, and foster business collaborations. analytica Vietnam features an exhibition, conference, pre-event laboratory tours, buyer-seller programs, and networking opportunities, providing a comprehensive platform for the laboratory and biotechnology industries in the region. The upcoming edition is set to take place from April 2 to 4, 2025 at the SECC – Saigon Exhibition and Convention Center. More details can be found at https://www.analyticavietnam.com/.About analytica worldwideMesse München is the world’s leading trade fair organizer for laboratory technology, analysis and biotechnology. The international network of exhibitions includes analytica, analytica China, analytica Anacon India & India Lab Expo, analytica Vietnam and analytica Lab Africa. About MMI Asia Pte LtdEstablished in 1992, MMI Asia is the wholly owned subsidiary and the regional headquarters of Messe München GMBH (MMG) and is one of the world largest and leading exhibition organizers. MMI Asia’s portfolio of events include editions of worldleading trade fairs from Munich – transport logistic & air cargo, analytica, ceramitec; as well as industry-specific events such as Glasstech and Fenestration Asia, Asia Climate Forum, and Singapore International Water Week. MMI Asia also provides consultancy in professional trade fair and conference management to government bodies, international trade and promotion organizations, and trade associations. For more information, please visit www.mmiasia.comAbout Messe MünchenAs one of the world’s leading trade fair organizers, Messe München presents the world of tomorrow at its about 90 trade fairs worldwide. These include twelve of the world’s leading trade fairs such as bauma, BAU, IFAT, electronica, and ISPO. Messe München’s portfolio comprises trade fairs for capital and consumer goods, as well as for new technologies. Together with its subsidiaries, it organizes trade fairs in China, India, Brazil, South Africa, Turkey, Singapore, Vietnam, Hong Kong, Thailand, and the U.S. With a network of more than 15 affiliated companies and almost 70 representations worldwide, Messe München is active in more than 130 countries. The more than 150 events held annually attract around 50,000 exhibitors and around three million visitors in Germany and abroad.Exhibition Contact:MMI Asia Pte. Ltd.Daniel ShiExhibition Directordaniel@mmiasia.com.sgPress Contact:MMI Asia Pte. Ltd.Joey NgMarketing Executive joey@mmiasia.com.sg Copyright 2025 ACN Newswire via SeaPRwire.com.
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Kincora Copper: Investor Briefing Webinar – Sixth Asset Level Agreement ACN Newswire

Kincora Copper: Investor Briefing Webinar – Sixth Asset Level Agreement

Melbourne, Australia--(ACN Newswire via SeaPRwire.com - April 15, 2025) - Kincora Copper Limited (ASX: KCC) (TSXV: KCC) (Kincora or the Company) is pleased to advise shareholders and investors that it will host an briefing webinar following a major amendment to the Earn-in and Joint Venture Agreement with a wholly owned subsidiary of AngloGold Ashanti plc ("AngloGold Ashanti") for a further and second joint venture in the Northern Junee-Narromine Belt of the Macquarie Arc supporting total expenditures of up to $100 million.The expanded partnership represents a significant milestone in Kincora's exploration and asset level partner strategy.Kincora's President & CEO, Sam Spring, will lead the briefing with a short presentation followed by an interactive Q&A session.Shareholders and interested investors are invited to attend the webinar and participate in the discussion.Registration is required - please see the details below. A replay will be made available for those registered and at: https://kincoracopper.com/interviews/.Investor Briefing Details: Australian Time ZonesNorth American Time ZonesDate:Thursday, 17 AprilWednesday, 16 AprilTime:11:00 am AEST | 9:00 am AWST6:00 pm Pacific | 9:00 pm EasternFormat:Live webinar (online) with replayRegistration:https://us02web.zoom.us/webinar/register/WN_McaP8yExQYGmMkFoC7iISw About Kincora Copper LimitedKincora Copper is dual listed on the ASX and TSX-V (ticker "KCC") and is an active explorer and project generator focused on new globally significant copper-gold discovery opportunities.The Company's portfolio includes district scale landholdings and scalable drill ready targets in both Australia and Mongolia's leading porphyry belts, the Macquarie Arc and Southern Gobi, respectively, and the historical Condobolin mining field in the southern section of the Cobar superbasin NSW.Kincora has adopted an asset level partner model for it's large-scale exploration stage porphyry projects and to date has unlocked over A$110 million of potential partner funding for eight earlier stage and/or non-core projects.Discussions are ongoing for further agreements for the Company's remaining four, and generally significantly more advanced and/or proximal to existing world-class mines, porphyry projects in NSW, including Fairholme, Jemalong, Trundle and Nyngan West.Kincora's ambition is to be the operator for exploration budgets of over A$10 million per annum for the porphyry portfolio providing sufficient project management fees for the Company to be self funding (covering G&A costs) and have partnerships with a diversified portfolio of industry leading producers/explorers.For more information please visit Kincora's website at www.kincoracopper.com.This announcement has been authorised for release by the Board of Kincora Copper Limited (ARBN 645 457 763)For further information please contact: Sam Spring, President and Chief Executive Officer sam.spring@kincoracopper.com or +61431 329 345Executive office 400 - 837 West Hastings Street Vancouver, BC V6C 3N6, CanadaTel: 1.604.283.1722 Fax: 1.888.241.5996Subsidiary office Australia Vista Australia Level 4, 100 Albert RoadSouth Melbourne, Victoria 3205Forward-Looking StatementsCertain information regarding Kincora contained herein may constitute forward-looking statements within the meaning of applicable securities laws. Forward-Looking statements may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact. Although Kincora believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Kincora cautions that actual performance will be affected by a number of factors, most of which are beyond its control, and that future events and results may vary substantially from what Kincora currently foresees. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration results, continued availability of capital and financing and general economic, market or business conditions. The forward-looking statements are expressly qualified in their entirety by this cautionary statement. The information contained herein is stated as of the current date and is subject to change after that date. Kincora does not assume the obligation to revise or update these forward-looking statements, except as may be required under applicable securities laws.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) or the Australian Securities Exchange accepts responsibility for the adequacy or accuracy of this release.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/248529 Copyright 2025 ACN Newswire via SeaPRwire.com.
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Standard Chartered GBA Business Confidence Survey shows calm before tariff storm in Q1 ACN Newswire

Standard Chartered GBA Business Confidence Survey shows calm before tariff storm in Q1

HONG KONG, Apr 15, 2025 - (ACN Newswire via SeaPRwire.com) – The latest Standard Chartered GBA Business Confidence Index (GBAI) jointly published by Standard Chartered and the Hong Kong Trade Development Council (HKTDC) today indicated broad-based improvement in business sentiment in the region for the first quarter of 2025.The GBAI “current performance” index for business activity rose to 53.5 in Q1 from 50.7 prior – the highest since Q2-2024. Six of the eight index components rose quarter-on-quarter, and all previous sub-50 underperformers rallied back above the neutral mark, namely “capacity utilisation” (+3.2pts), “raw material inventory” (+9.0pts), “financing scale” (+3.2pts) and “profits” (+3.1pts).The GBAI “expectations” index for business activity improved in tandem with its “current performance” counterpart, to 54.3 in Q1 from 52.9 in Q4-2024. Encouragingly, seven of eight expectation sub-indices rose quarter-on-quarter, led by a 3.1 percentage point increase in “profits” and a 2.8 percentage point increase in “raw material inventory”.All the city sub-indices, be it “current performance” or “expectations”, rose quarter-on-quarter, with Shenzhen being the only exception. Hong Kong extended its rising “current performance” streak to four straight quarters, to 53.5; its “expectations” index jumped to 56.9 – bested only by Guangzhou – from 50.8 prior. Guangzhou’s current and expectation prints stood at 60.3 and 58.0, respectively, the highest among cities.This showed that GBA companies weathered the initial rounds of US tariff hikes (10%+10%) well, in part thanks to the DeepSeek breakthrough lifting market sentiment as well as the rising prospect of more policy stimulus from China’s policymakers. However, respondents’ more-upbeat outlook in February-March (when the Q1 survey was conducted) likely did not prepare them for recent events – US’ announcement of sweeping and sizeable reciprocal tariff hikes on China and most other countries.Kelvin Lau, Senior Economist, Greater China and North Asia, Standard Chartered, said: “Given the urgency to stabilise market sentiment following the tariff-induced sell-off, the likelihood of China cutting the reserve requirement ratio and/or policy rate (7-day reverse repo rate) in April has materially increased. We expect that both monetary and fiscal policies on the Mainland will stay supportive. Meanwhile, Hong Kong would need to ramp up short-term support to SMEs and continue to diversify its trade to facilitate more non-US trade corridors. Our next survey, to be conducted in May-June, should provide a better view of the readiness of GBA businesses to live with high tariffs.”More consumption boosts welcomedLooking ahead, 41% of respondents saw a positive impact from the consumption boosting initiatives announced by China in January. Meanwhile, 38% said the consumer goods trade-in programme would bring positive impact on their business. When asked what else the government could do to expand the consumption-supportive measures, the most popular suggestion was “relax market access for private sector and foreign investment to help boost services consumption”.Wing Chu, Principal Economist (Greater China Research Team), HKTDC, said: “Boosting domestic demand is one of the government’s top priorities, as highlighted in the Government Work Report delivered by Chinese Premier Li Qiang in March. More than 50% of respondents have indicated that they are either already well positioned to tap into the mainland consumer market or are currently expanding or planning to expand their operations to do so. Additional supportive measures from the government could further bolster their businesses.”About the GBAIThe GBAI is the first forward-looking quarterly survey in the market that looks at the business sentiment and synergistic effects in cities and industries across the GBA. It is compiled based on a survey of more than 1,000 companies in the GBA covering the manufacturing and trading, retail and wholesale, financial services, professional services and innovation and technology sectors. The index enables investors and businesses to better understand the current business climate, gauge future performance prospects and formulate their market strategies for the GBA.Related materialsStandard Chartered GBA Business Confidence Index Report: https://www.sc.com/hk/gba/gba-index-report/HKTDC Research: https://research.hktdc.com/en/article/MTk4MDY0MTYwOQ(From left) Kelvin Lau, Senior Economist, Greater China and North Asia, Standard Chartered, and Wing Chu, Principal Economist (Greater China Research Team), HKTDC, announced the latest GBA Business Confidence Index (GBAI) today (15 April 2025). Kelvin Lau, Senior Economist, Greater China and North Asia, Standard Chartered Wing Chu, Principal Economist (Greater China Research Team), HKTDCMedia enquiriesCorporate Affairs DepartmentStandard Chartered Bank (Hong Kong) Limited Flora Chiu Tel: (852) 3843 2285 Email: flora.chiu@sc.com Communications & Public Affairs DepartmentHKTDC Katy WongClayton Lauw Tel: (852) 2584 4524Tel: (852) 2584 4472Email: katy.ky.wong@hktdc.orgEmail: clayton.y.lauw@hktdc.orgAbout Standard CharteredWe are a leading international banking group, with a presence in 53 of the world’s most dynamic markets. Our purpose is to drive commerce and prosperity through our unique diversity, and our heritage and values are expressed in our brand promise, here for good.Standard Chartered PLC is listed on the London and Hong Kong stock exchanges.The history of Standard Chartered in Hong Kong dates back to 1859. It is currently one of the Hong Kong SAR’s three note-issuing banks. Standard Chartered incorporated its Hong Kong business on 1 July 2004, and now operates as a licensed bank in Hong Kong under the name of Standard Chartered Bank (Hong Kong) Limited, a wholly owned subsidiary of Standard Chartered PLC. For more stories and expert opinions please visit Insights at sc.com. Follow Standard Chartered on X, LinkedIn, Instagram and Facebook.About HKTDCThe Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With over 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Copyright 2025 ACN Newswire via SeaPRwire.com.
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付英波:以香港为支点 解码百望股份全球化数据智能战略布局

香港, 2025年4月15日 - (亚太商讯 via SeaPRwire.com) - 近日,在世界互联网大会亚太峰会上,百望股份CEO付英波以"数据智能驱动全球产业变革"为主题,向世界传递了中国科技企业的全球化野心。作为中国数据智能领域的创变者与领航者,付英波宣布了百望股份香港分公司的战略意义,并系统阐释了其DI(Data Intelligence)战略如何以智能体为核心,推动数字生产力的全球跃迁。香港:百望股份全球化布局的战略支点"香港不仅是国际金融中心,更是全球科技创新的试验田。"付英波开宗明义。百望股份旗下"香港百望数智科技有限公司"的成立,标志着"中国方案"向"全球实践"的关键跨越。依托香港的国际化资源与政策优势,百望股份将搭建双向通道:一方面,将中国在财税数字化、数据治理等领域的成熟经验输出至海外市场;另一方面,吸纳全球技术创新与场景实践,反哺国内产业升级。这一布局绝非简单的业务复制,而是以DI战略为内核的中国数字治理体系的输出。付英波强调:"香港百望将成为DI框架的全球化实践平台,针对不同区域市场的合规需求与产业特点,提供定制化的解决方案。"此外,百望股份于近期提交了H股全流通备案申请。全流通后,股份在国际市场上的流动性增强,将吸引更多国际投资者的关注和参与,有助于百望股份拓展国际业务,提升国际影响力,有望在全球范围内树立起更加专业、可靠的企业形象,为业务拓展和合作交流创造更多机会。在百望股份的股东名单中,阿里巴巴、复星国际、深创投等顶级机构赫然在列,为百望股份带来资金活水,更打开了与国际金融机构、科技巨头的合作通道。DI战略:从通用大模型到垂直场景大模型付英波在演讲中深度拆解了百望股份的DI战略:"数据智能的终极目标,是让智能体成为数字生产力的核心载体。"不同于通用大模型的"泛化能力",百望股份的DI战略聚焦行业垂直场景。例如,去年推出的金盾企业经营合规大模型,通过分析发票数据、申报数据及行业大数据,能实时绘制企业风险图谱。近期,百望股份又孵化出交易管理智能体、经营决策智能体和金融业务智能体等智能体矩阵。这些智能体的落地,不仅解决了具体业务痛点,更展示了百望股份在AI技术上的创新能力。1. 交易管理智能体:重构全球产业链协同凭借知识图谱及AI大模型,百望股份的交易管理智能体,整合工商登记、司法诉讼等18个维度数据源,贯穿监管企业交易的全链路,动态监测3000+合规指标,精准识别虚假贸易、纳税申报等9大类风险场景,并自动生成应对方案。2. 经营决策智能体:数据驱动的"商业大脑"基于服务18大行业的深度洞察,百望股份的经营决策智能体可提供数据智能分析,通过追踪全国发票数据流动,能够识别全球200+类票据格式,智能匹配业务场景,预测某行业风险情况,完成增值税率判定、财税合规性验证,并为企业提供采购优化建议。此外,核心企业可通过智能配单、在线对账等功能,实现与上下游企业的快速协同。3. 金融业务智能体:AI 时代的"风险先知"百望股份的金融业务智能体,通过多模型在线学习,可智能解析图像、音频等信息,并自动触发预警机制,生成多维度风险报告,能增强金融产品流程效率及风控策略,帮助金融产品更精准识别和适配目标客群,同时实现金融产品的全流程的动态监控,将复杂的分析简化为直观的数据呈现,帮助银行等金融机构降低违约率,指导企业优化财务结构。在全球数字经济格局重塑的当下,百望股份将以香港为起点,以DI(Data Intelligence)战略为蓝图,正式开启全球化发展的新布局。作为百望股份DI战略的国际实践平台,百望香港公司也将重点推动DI框架在多元场景下的创新应用,将中国数字治理的成功经验带向香港,辐射东南亚,同时也将全球最佳实践带回中国,实现技术与经验的双向流动! Copyright 2025 亚太商讯 via SeaPRwire.com.
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Euro Manganese Announces Early Appointment of Chairman and Provides Financing Update ACN Newswire

Euro Manganese Announces Early Appointment of Chairman and Provides Financing Update

HighlightsMr. Rick Anthon, a veteran battery metals executive with over 30 years of industry experience, appointed as ChairmanEuro Manganese's previously announced C$11.2 million (A$12.3 million) financing has received conditional approval from the TSX Venture ExchangeShare Purchase Plan for certain eligible shareholders for proceeds of A$1.5 million (C$1.4 million) to be launched on April 28, 2025Annual General and Special Meeting of shareholders to be held on May 15, 2025Vancouver, British Columbia--(ACN Newswire via SeaPRwire.com - April 14, 2025) - Euro Manganese Inc. (TSXV: EMN) (ASX: EMN) (FSE: E060) (the "Company" or "Euro Manganese") is pleased to announce that Mr. Rick Anthon has been appointed Chairman of the Board of Directors (the "Board") as of April 11, 2025 (Vancouver). In addition, the Company is providing an update on the Company's previously announced upsized C$11.2 million (A$12.3 million) brokered unit private placement financing (the "Financing"). Appointment of New ChairmanMr. Anthon was originally expected to join the Board upon the closing of the Financing, which is now anticipated to close on or about May 22, 2025, subject to shareholder approval. However, his appointment has been brought forward following unanimous approval by the other directors. The Company's current Chairman, Mr. John Webster, is stepping down as Chairman but will remain on the Board and as Chair of the Audit Committee.Mr. Anthon's appointment comes at a pivotal time for Euro Manganese as it advances the development of its Chvaletice Manganese Project. His addition to the Board brings decades of battery metals experience and reflects the Company's continued focus on building a strong leadership platform to support its role as a key contributor to Europe's battery materials supply chain.Martina Blahova, Interim CEO of Euro Manganese, commented, "Rick's early appointment reflects the confidence we've built with key stakeholders and our focus on execution. His depth of experience in the resource sector and proven leadership will be invaluable as we continue to scale the Chvaletice Project and deliver on our strategic priorities. On behalf of the Board, we would like to express our gratitude to John for his outstanding contribution to Euro Manganese during his tenure as Chairman, and his exceptional stewardship during these recent transformative years. We look forward to continuing to receive his guidance and support as a director and as Chair of the Audit Committee."Rick Anthon, Euro Manganese's new Chairman said, "I am honoured to step into the role of Chairman at this important stage for Euro Manganese. The Company is exceptionally well-positioned to play a critical role in Europe's battery materials supply chain, and I look forward to working closely with the Board and management team to help drive the Chvaletice Project forward and create long-term value for all stakeholders. As I take on this new responsibility, I want to express my sincere appreciation to John for his exceptional leadership and unwavering dedication to Euro Manganese. His strategic vision and steady guidance have been instrumental in positioning the Company for the next stage of growth."During his tenure as Director of Corporate Development at Allkem Limited, Mr. Anthon led the company's corporate development activities while it evolved from a junior explorer to a major industry player, navigating a successful IPO and playing a key role in Allkem's A$16 billion merger with Livent to create Arcadium Lithium, now one of the world's largest lithium producers and a NYSE-listed company that is being acquired by Rio Tinto. He currently serves as Chairman of the Board at Savannah Resources, a European-focused lithium producer, as well as Chairman of Greenwing Resources Limited, which has lithium brine operations in Argentina and a graphite project in Madagascar. Mr. Anthon is also Chairman of Rapid Lithium Limited, which is focused on lithium exploration in South Dakota, and Non-Executive Director at Savannah Goldfields Limited.John Webster, Euro Manganese's outgoing Chairman said, "Serving as Euro Manganese's Chairman has been an honour. We have an extremely capable and enthusiastic management team, and with Rick joining as Chairman I am confident that this team will continue to execute on this next chapter of the Company's strategic vision and plans. I look forward to continuing to work with management and my fellow Board members to develop the Chvaletice Manganese Project and enhance value for all shareholders."Financing UpdateTSX-V Conditional Approval The Company also announces that the Financing has received conditional approval from the TSX Venture Exchange ("TSX-V"). The TSX-V's final acceptance of the Financing is conditional upon the Company satisfying the filing requirements set forth in the conditional approval letter.Completion of the Financing is also conditional upon receipt of the necessary shareholder approvals to be obtained at the Company's upcoming Annual General and Special Meeting of shareholders (the "Meeting") to be held virtually on May 15, 2025. The Company will mail Meeting materials to shareholders in due course and encourages all shareholders to vote in advance of the Meeting by returning their proxy or voting instruction form.Share Purchase Plan ("SPP")The Company also confirms a revised launch date of the SPP for later in April (see below), details of which were initially announced on March 6, 2025, and initially updated on April 1, 2025, for aggregate gross proceeds of A$1.5 million (approximately C$1.4 million). On April 1, 2025, Orion OMRF (BK) LLC ("Orion") agreed that if there is a shortfall between the maximum amount of the SPP and the total number of securities taken up under the SPP, Orion will subscribe for the securities up to a maximum of A$1.5 million on the same terms as the SPP, subject to regulatory requirements, any required regulatory and shareholder approvals and completion of the Financing and SPP.Updated Indicative Financing Timetable The indicative timetable for the SPP has been revised as set out below: VancouverAustraliaSPP Record Daten/aWednesday, March 5, 2025Lodgement of Prospectus with ASICn/aWednesday, April 23, 2025Share Purchase Plan Opensn/aMonday, April 28, 2025Share Purchase Plan Closesn/aFriday, May 9, 2025Meeting to approve the Financing, SPP and related mattersThursday, May 15, 2025Friday, May 16, 2025Settlement of New Securities Issued under the Financing and SPPWednesday, May 21, 2025Thursday, May 22, 2025Allotment of New Securities issued under the Financing and SPPThursday, May 22, 2025Friday, May 23, 2025 About Euro Manganese Euro 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 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-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) or the ASX accepts responsibility for the adequacy or accuracy of this release.EnquiriesMartina BlahovaInterim Chief Executive Officer+1 (604) 681-1010martina@mn25.ca Neil WeberLodeRock AdvisorsInvestor and Media Relations - North America+1 (647) 222-0574neil.weber@loderockadvisors.com Jane 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.caFollow us/SubscribeFollow us on XSubscribe to our YouTubeFollow us on LinkedInSubscribe to our mailing list for updatesForward-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, the ability of the Company to scale the Chvaletice Project and deliver on strategic priorities and create long-term value for all stakeholders, statements regarding the terms of the Financing, including completion thereof, the anticipated closing date of the Financing, receipt of the final regulatory and shareholder approvals for the Financing and the SPP, the holding of the Meeting, the terms of the SPP, including completion thereof, and issuance of the SPP Prospectus.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; the potential for unknown or unexpected events to cause contractual conditions to not be satisfied; 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 ORFOR DISSEMINATION IN THE UNITED STATESTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/248317 Copyright 2025 ACN Newswire via SeaPRwire.com.
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Kincora Copper: Second Major Earn-In Secured with AngloGold Ashanti ACN Newswire

Kincora Copper: Second Major Earn-In Secured with AngloGold Ashanti

Amended Agreement: Kincora Copper and AngloGold Ashanti sign a major amendment to their Earn-in and Joint Venture Agreement ("Agreement") for a second joint venture in the Northern Junee-Narromine Belt of the Macquarie Arc supporting total expenditures of up to $100 millionKey Highlights:Multiple-phase, multiple-year agreement covering the Nyngan South, Nevertire South and Mulla projectsStage 1: AngloGold Ashanti may earn a 70% interest by spending $25 millionStage 2: Option to increase to 80% with additional funding and/or studiesThe Agreement for two separate joint ventures cover a continuous strike greater than a 100km's and five projectsKincora remains the operator, receiving a 10% management feeAccelerated Drilling Plans: Expansion to ongoing drilling at the Nyngan project and a new drilling program to commence at the Nevertire and Nevertire South projectsStrong Funding Model: Over $110 million of potential asset level funding has been secured; further large-scale partnerships are under active negotiationKincora remains on track to achieve its ambition for third-party management fees to support a self funding financing modelMelbourne, Australia--(ACN Newswire via SeaPRwire.com - April 14, 2025) - Kincora Copper Limited (TSXV: KCC) (ASX: KCC) ("KCC", "Kincora" or the "Company") is pleased to announce the execution of a major amendment to its existing agreement with a wholly owned subsidiary of AngloGold Ashanti plc ("AngloGold Ashanti"). The Agreement opens the way for more extensive exploration in the Northern Junee-Narromine Belt ("NJNB") of the Macquarie Arc, Central West NSW, Australia. The NJNB is a globally significant exploration opportunity offering new district scale porphyry potential.First phase drilling at the Nyngan project is ongoing with activities initiated for initial drilling at the highly prospective Nevertire and Nevertire South projects, known for their geological similarities to major deposits like Cadia-Ridgeway.John Holliday, Technical Committee chair, and Peter Leaman, VP of Exploration, commented:"We are very pleased to broaden our partnership with AngloGold Ashanti. It comes as we continue to progress our ongoing exploration program at the Nyngan project, with a ground gravity survey and hole twelve of the scout drilling program recently completed. In the wake of this second earn-in our drilling plans have been materially expanded at Nevertire and Nevertire South, and now cover three projects. However, and more importantly, we are well positioned to systematically and aggressively advance a new district scale portfolio of five projects covering over 2350km2. The contiguous five projects cover a strike of greater than 100km, more than twice that of the emerging Vicuña district in the Central Andes, which is also an extension to a known world-class porphyry belt. The revised agreement is structured in a manner which supports Kincora shareholders being carried potentially to the equivalent stage of four pre-development recent discoveries in Vicuña that have a current valuation of over $10 billion. AngloGold Ashanti is a successful greenfield explorer and while we are only now ramping up our exploration activities with them, they have already invested over $14 million in the NJNB. We are both very excited about the targets being drilled across the first three Kincora projects in 2025.While Kincora has now unlocked over $110 million of potential partner funding we see ample scope to further significantly grow this figure. The Company is advancing discussions for further large-scale partner agreements and is on track to achieve its ambition for third party management fees to provide a self-funding financing exploration model."Figure 1: The Macquarie Arc is a proven Tier 1 terrane and Australia's foremost copper porphyry belt hosting a number of world-class minesThe Northern Junee-Narromine Belt (NJNB) is a largely untested extension of the Macquarie Arc situated under the post-mineral coverTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/2305/248376_kincoraimg1.jpgProject generator funding model Kincora's asset level partner model for its wholly owned large scale exploration stage porphyry projects, commonly referred to a project generator model in the North American markets, has now unlocked over $110 million of potential partner funding for eight earlier stage and/or non-core porphyry projects1. Existing partners include:AngloGold Ashanti (NYSE: AU) is the world's fourth largest gold miner by production and is partner for the NJNB project portfolio (including five projects across two joint venture arrangements) 1(a);Fleet Space Technologies Pty Ltd ("Fleet Space", private) is one of Australia's fastest growing companies and is widely recognised as Australia's leading space exploration company. Fleet Space recently raised $150m in a Series D financing. It is Kincora's partner for the Wongarbon project and recently completed its maiden integrated Ambient Noise Tomography and gravity geophysical survey at the Nyngan project 1(b,c);Earth AI Pty Ltd ("Earth AI", private), an Artificial Intelligence and Machine Learning explorer. Earth AI recently raised $20m in a Series B financing and is partner for the Cundumbul project 1(d); and,Orbminco Limited (formerly Woomera Mining) is a Mongolian focused explorer and is partner for the Bronze Fox project 1(e).Kincora is the current operator of the NJNB project portfolio with AngloGold Ashanti and receives a 10% management fee of expenditure.Discussions are ongoing for further agreements for the Company's remaining four (and generally significantly more advanced and/or proximal to existing world-class mines) porphyry projects in NSW, including Fairholme, Jemalong, Trundle and Nyngan West.The Company plans to retain its Condobolin project, which hosts the historical Condobolin high grade open cut gold and base metals mining field situated within trucking distance to the Mineral Hill mine (which has capacity for, and is seeking, third party ore) and within the southern section of the emerging Cobar Superbasin. The timeline and capital needs to significantly add value and advance the Condobolin project is materially less than the Company's porphyry projects.Kincora's ambition is to be the operator for exploration budgets of over $10 million per annum for the porphyry portfolio providing sufficient project management fees for the Company to be self funding (covering corporate costs and maintenance of remaining wholly owned projects) and have partnerships with a diversified portfolio of industry leading producers/explorers.Nyngan, Nevertire and Nevertire South ProgramsA major amendment to the original Earn-in and Joint Venture agreement with AngloGold Ashanti now includes the Nyngan South, Nevertire South and Mulla projects, which are adjacent to the Nyngan and Nevertire projects (the latter two included in the original May 2024 agreement) and streamlines exploration across a continuous strike that exceeds a 100km's.Initial scout drilling activities at the Nyngan project commenced late last year and are ongoing. To date, twelve holes in total have been complete in partnership with AngloGold Ashanti, and follows encouraging results for the first six holes completed in 4Q'20242.Looking ahead, a recently completed ground gravity survey covering over 400km2 has identified a number of new potential targets for drilling. Interpretations and discussions for potential follow up drilling are now underway with AngloGold Ashanti as the scout drilling program continues. Various coincident magnetic and new gravity anomalies have been identified at both the wider South West and Ace of Spades Targets.A Stage 2 follow up phase of step out drilling is proposed post completion of the scout drilling program.Under the amended agreement, planned exploration activities have been expanded to support a first phase drilling program at both the Nevertire and Nevertire South projects with unimpeded access across the consolidated ~8 x 12km Nevertire Magmatic Complex ("NMC").Prior explorer drilling at the southern section of the NMC has returned anomalous copper-gold mineralisation, favourable fertility defined by green rock analysis, geochemical zonation and alteration suggestive of an outer porphyry system setting with age dates confirming a highly prospective Phase 4 Macquarie Arc intrusive complex (at approximately 220m depth down hole).Having secured three prior explorer drill holes at the NMC from the Cadia mine site, a review by Kincora's technical director John Holliday supports Newcrest prior interpretation that "drilling has identified lithologies, alteration and veining consistent with a setting similar to the Cadia-Ridgeway and Goonumbla porphyry Cu-Au deposits" 3. John is a foremost figure on Macquarie Arc porphyry systems having been a principal originator, discoverer and site manager for the Tier 1 Cadia gold-copper porphyry and the Marsden copper gold porphyry deposits.A priority for the upcoming drilling program is an initial follow up program to prior Newcrest hole ACDNY006 which returned a very encouraging intersection of anomalous copper mineralisation (from basement to end of hole), veining and magnetite alteration situated in a high volcanic-hosted level 3.Prior Newcrest drilling supports Kincora's view of the planned walk up drill targets within the Nevertire South project underpinning the most advanced and geologically prospective porphyry project within the NJNB district.A planned drilling program seeks to step out from hole ACDNY006 to discover or create a vectoring pattern to a possible deposit and also test open extensions to the NMC - see Figure 2.The drilling programs at the Nyngan, Nevertire and Nevertire South projects are expected to run into the third quarter of 2025, providing a steady stream of news flow and management fees to the Company.Key terms of the Earn-in and Joint Venture AgreementThe key terms of the amended agreement with AngloGold Ashanti Australia Limited, a wholly owned subsidiary of AngloGold Ashanti plc, covering the Nyngan South (Exploration Licence 9708), Nevertire South (Exploration Licence 9710) and Mulla (Exploration License 9320) projects ("New Tenements"), are in addition to the arrangement in respect of the original May 2024 agreement for the Nyngan (Exploration Licence 8929) and Nevertire (Exploration Licence 8960) projects and, in summary, comprise:AngloGold may earn a 70% initial interest in the New Tenement by incurring $25 million in total expenditure on exploration in the initial earn-in period of up to seven years upon which a joint venture would be formed (Phase I). This includes a minimum expenditure of $2 million within the first two years (Minimum Obligation). AngloGold is permitted to withdraw from the Agreement after satisfying the Minimum Obligation or payment of any shortfall.AngloGold can then earn an additional 10% interest in the New Tenements (for a total interest of 80%) by completing a Pre-Feasibility Study (PFS) or by funding a further $25m of expenditure over an additional three years (Phase II).Kincora will initially operate and conduct all exploration activities as directed by an Exploration Management Committee that will comprise two members from each party, and be entitled to a 10% management fee.The amended agreement is otherwise on terms that are customary for similar agreements and includes the agreed principal terms of the proposed joint venture agreement that will apply if AngloGold earns an interest in the NJNB tenements.All expenditure timelines under the Agreement can be accelerated.The amendments to the existing agreement are conditional on Ministerial consent being obtained within six months.Refer to the May 28, 205 release "AngloGold Ashanti to earn-in to the NJNB Project" for details for the original Earn-in and Joint Venture Agreement for the Nyngan and Nevertire projects.About the NJNB Project PortfolioThe Macquarie Arc is Australia's premier porphyry copper-gold province being a hotspot for recent corporate activity, with over $16 billion of M&A for producing assets and over $385m of exploration earn-in/joint ventures, and exploration success, including two greater than 10Moz gold equivalent discoveries/resource expansions 4.Despite regional magnetics effectively mapping the Macquarie Arc volcanic belts, due to the post mineral cover there has been very limited prior drilling of the extensions of both the Junee-Narromine and Molong volcanic belts relative to the southern more outcropping sections. These more mature southern exploration regions host over 160Moz gold equivalent inventory 5 and a number of world-class mines (Cadia, Cowal and Northparkes).Kincora's portfolio and the wider NJNB offers new district-scale discovery potential with spatial and temporal settings, coupled with magnetics, gravity and new Ambient Noise Tomography (ANT) surveys, supportive of large-scale targets analogous to porphyry deposits located in the southern section of the Arc. AngloGold Ashanti has secured Earn-in and Joint Venture Agreements with both Kincora and Inflection Resources (Inflection, market capitalisation C$33.7 million, >4x Kincora's 6) covering ~10,000km2 within the NJNB with over A$14 million investment to date 7. In the last month AngloGold Ashanti has moved to Phase II of its earn-in agreement with Inflection designating a total of four projects to continue earning into (including two projects adjacent to Kincora's Nyngan project) 8 - see Figure 2.The most recent notable example of a new globally significant emerging porphyry district is the Vicuña district, which is also an extension of a renowned world-class porphyry belt. Vicuña is an extension of the central Andean belts in Argentina on the border of Chile and situated at over 4000m altitude.Within this district NGEx Resources Inc in 2009 held three early-stage exploration projects and at the time had a market capitalisation of approximately C$40 million 9. These same projects are all still at a pre-development phase but have yielded in four large-scale discoveries currently valued at over $10 billion 10.Kincora was an early mover into the Northern Junee-Narromine Belt, securing a district scale portfolio of the interpreted most prospective and shallow to moderate covered part of the northwards extension of the Macquarie Arc under post mineral cover. This portfolio now covers a strike twice the length of the Vicuña district and included in earn-in and agreements with AngloGold Ashanti.The NJNB is virgin exploration territory and offers new district-scale discovery potential with spatial and temporal settings, coupled with regional magnetics and gravity, supportive of large-scale intrusive complexes and targets analogous to porphyry deposits located in the southern and more mature sections of the Macquarie Arc.Figure 2: First phase drilling activities at Kincora's Nyngan project are ongoing with activities initiated for initial drilling at the highly prospective Nevertire and Nevertire South projectsIn the last month, AngloGold Ashanti has moved to Phase II of its earn-in agreement with Inflection Resources (market capitalisation >C$33 million) designating a total of four projects to continue earning into (including two adjacent to Kincora's Nyngan and Nyngan South licenses) and formed a second earn-in and joint venture agreement with KincoraTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/2305/248376_kincoraimg2.jpgAbout AngloGold AngloGold Ashanti plc (NYSE: AU) (market capitalization ~US$21.6 billion) is the world's fourth largest gold miner by production with projects and exploration activities across nine countries on four continents.AngloGold pursues value-creating opportunities, where it can leverage their existing assets, shareholdings, skills and experience.AngloGold has a track record of successful exploration with its greenfields and brownfields exploration programmes seeking to support sustainability and growth of its business. AngloGold's greenfield exploration strategy aims to discover large, high-value Mineral Resources that will eventually lead to the development of new gold mines.For more information please visit AngloGold's website at www.anglogoldashanti.com.About Kincora Kincora Copper is an active explorer and project generator focused on world-class copper-gold discoveries.Kincora's portfolio includes district scale landholdings and scale-able drill ready targets in both Australia and Mongolia's leading porphyry belts, the Macquarie Arc and Southern Gobi, respectively, and the historical Condobolin mining field in the southern section of the Cobar superbasin NSW.For more information please visit Kincora's website at www.kincoracopper.com.This announcement has been authorised for release by the Board of Kincora Copper Limited (ARBN 645 457 763)For further information please contact: Sam Spring, President and Chief Executive Officer sam.spring@kincoracopper.com or +61431 329 345Executive office 400 - 837 West Hastings Street Vancouver, BC V6C 3N6, Canada Tel: 1.604.283.1722 Fax: 1.888.241.5996Subsidiary office Australia Vista Australia Level 4, 100 Albert RoadSouth Melbourne, Victoria 3205References: (1) Over $110 million of potential partner funding for eight earlier stage and/or non-core projects includes: (a) In addition to the terms announced in this release, the original up to A$50m earn-in & JV agreement with AngloGold Ashanti for the Nyngan & Nevertire projects: refer May 28, 2024 release "AngloGold Ashanti to earn-in to the NJNB Project" (estimated budget to end of Dec 2024 >$1.5m, incl. 2707m drilling, Kincora currently the project manager receiving a 10% fee of expenditure). For more information on AngloGold Ashanti please visit their website at www.anglogoldashanti.com (b) Fleet Space Technologies (which in December 2024 raised $150m in a Series D financing) partnership under R&D Grant for geophysical surveys at Nyngan: refer Jul 25, 2024 release "ANT and Gravity Geophysical Surveys at the Nyngan Project" (est. budget $500k). For more information on Fleet Space please visit their website at https://www.fleetspace.com (c) Fleet Space partnership for the Wongarbon project: refer Oct 16, 2024 release "Kincora announces Strategic Investment & Expanded Partnership with Fleet Space" (Fleet Space is to conduct ANT & gravity surveys with the right to fund >2000m of drilling for an earn-in/JV. Est. budget for ANT & gravity surveys $600k, follow up drilling >$0.5m) (d) Exploration Alliance partner Earth AI (which in January 2025 raised US$20m in a Series B financing) drilling commenced at the Cundumbul project: refer May 20, 2024 release "Artificial Intelligence Partner Drilling New Copper Targets at the Cundumbul Project" (Earth AI has the right to right to spend up to $4.5m at Cundumbul and earn an NSR upon a "qualifying interval". Estimated budget to date >$750k, incl. 5 completed holes for >2500m with a VTEM geophysical survey recently completed and analysis ongoing). (e) Woomera Mining (now Orbminco Ltd) agreement for Kincora's Mongolian assets: refer Aug 12, 2024 release "Kincora secures funded, successful and motivated partner for Mongolian assets" & Orbminco release Jan 14, 2025 "Drilling Results for Bronze Fox Copper-Gold Project", incl. drilling results & technical details/disclaimers (Orbminco has the right to spend US$4m for a 80% interest in the Mongolian subsidiaries with Kincora free carry also to FID or a cash payment + NSR acquisition right for 100% interest. Orbminco consideration shares to Kincora $450k. Estimated budget >C$960k to Dec 31, 2024 incl. 2516m of drilling (& ex-planned conversion of the western exploration to a mining license and 2025 field work/drilling).(2) Refer to Kincora's exploration update press release Feb 13, 2025, "Encouraging results expands Kincora Copper and AngloGold Ashanti's First Drilling Program" (3) Newcrest Mining annual reports (public access) for former license EL6337, available on DIGS via MinView (https://minview.geoscience.nsw.gov.au). (4) Ocean Blue Equities Oct 8, 2024 initiation research report on Waratah Minerals with the addition of Newmont's earn-in and joint venture agreements with Koonenberry Gold for the:(a) Junee porphyry project ($23.9m of expenditure to date, ex the Jan 2025 drilling with Koonenberry Gold carried until commercial production); and,(b) Fairholme porphyry project (Koonenberry carried until $15m of exploration expenditure, with $1.14m spent to date, ex the Jan 2025 drilling program).(5) MinEx Consulting report for Kincora.(6) Market capitalisation of Inflection Resources as at Apr 11, 2025 following Apr 1, 2025 issuance of shares to AngloGold Ashanti (https://inflectionresources.com/inflection-resources-completes-share-issuance-to-anglogold-ashanti/).(7) Includes AngloGold Ashanti funded exploration with Kincora and Inflection as at Dec 31, 2024, including Phase 1 and Phase 2 expenditures with Inflection (refer to the Mar 3, 2025 "MD&A" for the quarter ended Dec 2024). (8) Refer to Inflection Resources' Mar 25, 2025 release "AngloGold Ashanti Designates Four Inflection Resources Projects for Phase II of Exploration Earn-in Agreement". (9) NGEx Minerals valuation 2009 when it owned the projects included in (3). Refer to NGEx's presentation July 2024 for further details.(10) ">$10 billion market value": includes values for Filo Corp & Josemaria based on the Jul 29, 2024 transaction values from Lundin Mining & BHP (see public market releases, "Lundin Mining and BHP to Acquire Filo and Form a 50/50 Joint Venture to Progress the Filo del Sol and Josemaria Projects") and Apr 11, 2025 market capitalisation of NGEx Minerals.Forward-Looking StatementsCertain information regarding Kincora contained herein may constitute forward-looking statements within the meaning of applicable securities laws. Forward-Looking statements may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact. Although Kincora believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Kincora cautions that actual performance will be affected by a number of factors, most of which are beyond its control, and that future events and results may vary substantially from what Kincora currently foresees. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration results, continued availability of capital and financing and general economic, market or business conditions. The forward-looking statements are expressly qualified in their entirety by this cautionary statement. The information contained herein is stated as of the current date and is subject to change after that date. Kincora does not assume the obligation to revise or update these forward-looking statements, except as may be required under applicable securities laws.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) or the Australian Securities Exchange accepts responsibility for the adequacy or accuracy of this release.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/248376 Copyright 2025 ACN Newswire via SeaPRwire.com.
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周大福人寿捐赠“大粒MAC教室”阅读计划及“语文的生命”书柜捐赠计划 ACN Newswire

周大福人寿捐赠“大粒MAC教室”阅读计划及“语文的生命”书柜捐赠计划

Caption: 周大福人寿捐赠"大粒MAC教室"阅读计划及"语文的生命"书柜捐赠计划,惠及10所本地学校。出席嘉宾包括周大福人寿首席策略总监欧阳明欣(左三),以及周大福慈善基金主席、净缘慈善基金项目管理委员会主席郑家成(中)。香港, 2025年4月15日 - (亚太商讯 via SeaPRwire.com) - 周大福人寿日前于九龙湾佛教慈敬学校出席由净缘慈善基金与亲子头条共同举办的"大粒MAC教室"阅读计划及"语文的生命"书柜捐赠计划捐赠仪式。此项为周大福人寿"籽望未来"计划2025的重点活动,通过赠予10所本地学校绘本及语文教材,助力传承中华文化,推动学生学好中国语文,并以阅读为载体,向下一代推广正向价值观及生命教育,共建和谐共融的社会环境。"大粒MAC教室"阅读计划及"语文的生命"书柜捐赠计划是由净缘慈善基金发起的标志性慈善项目,两项计划皆传承自郑裕彤博士的精神。"语文的生命"书柜捐赠计划中的中文教材"凝皓六段",由中文补习名师林溢欣老师带领超过50人的专业团队编撰,内容结合中国历史文化知识,同时配合本地中小学课程内容,以图文并茂、循序渐进地方式教授中文知识。教材亦配备点读笔,深入浅出解说历史典故,为学校中文教学提供辅助,同时激发学生自主学习的兴趣。周大福人寿执行董事兼行政总裁叶文杰表示:"周大福人寿始终秉持'勤、诚、义'的企业精神,以勤筑基,以诚立信,以义践行,积极履行社会责任。是次向本地小学捐赠教育绘本与教材,期望以阅读为桥梁,向下一代传递正向价值观,推广生命教育,推动中国文化和语言的传承,强化本地学生的文化自信与认同感,为社会创造更大的共享价值。"周大福慈善基金主席、净缘慈善基金项目管理委员会主席郑家成表示:"'大粒MAC教室'阅读计划及'语文的生命'书柜捐赠计划旨在推广正向生命教育,同时提升学生学习中国语文的兴趣。我们希望透过这两项计划将郑裕彤博士'勤、诚、义'精神传递给学童,助他们建立正确的人生价值观。计划自2022年开展至今已惠及近60所小学及幼稚园的超过30,000名学童。我们希望同学们能善用这些资源,学有所获,增广见闻。"本次捐赠计划向10所学校,赠予共计约300套(一套12册)"大粒MAC教室"绘本及配套点读笔,及10个以周大福人寿命名的书柜。10间受赠学校分别为佛教慈敬学校、佛教黄焯菴小学、佛教林炳炎纪念学校、佛教林金殿纪念小学、佛教荣茵学校、佛教陈荣根纪念学校、顺德联谊总会胡少渠纪念小学、顺德联谊总会李金小学、顺德联谊总会伍冕端小学及宝觉小学。此前,周大福人寿与净缘慈善基金及周大福慈善基金合作,为《郑裕彤传》的出版提供支持,弘扬其"勤、诚、义"处世之道。关于周大福人寿 周大福人寿保险有限公司("周大福人寿")扎根香港40年,为周大福创建有限公司("周大福创建")(香港股份代号:659)的全资附属公司,也是香港最具规模的寿险公司之一。作为周大福企业成员,周大福人寿紧扣郑氏家族("周大福集团"或"集团")多元业务体系的雄厚资源,致力为客户及其挚爱于"生活、成长、健康、传承"的人生旅程中,提供个人化的匠心规划、终身保障及优质体验。凭借集团财务实力及环球投资布局,周大福人寿矢志成为亚太区领先的保险公司,持续开创保险新价值。传媒联络周大福人寿品牌发展及传讯部陈佳容 +852 2591 8504deronie.tan@ctflife.com.hk周大福人寿保险有限公司(于百慕达注册成立之有限公司) Copyright 2025 亚太商讯 via SeaPRwire.com.
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广东集信国控检测认证技术服务中心股份有限公司公布上市后首份年度业绩 收入大幅增长33.16%

投资亮点- 业绩高速增长,收入及利润大幅攀升- 积极拓展市场版图,跨区域与佛山市高明区国企合作成立子公司- 持续优化服务,把握市场机遇- 行业前景可期,政策助力发展竞争优势- 资金端政策红利,助力公司业务拓展- 房地产行业转型,带来新的业务增长点- 内部业务结构优化,顺应宏观政策调整香港, 2025年4月14日 - (亚太商讯 via SeaPRwire.com) - 广东集信国控检测认证技术服务中心股份有限公司(「集信国控」,股份代号:8629,下称「公司」)欣然宣布公司截至二零二四年十二月三十一日止(「回顾年内」)的年度财务业绩。 作为一家在检测认证行业具有强劲竞争力的企业,集信国控在上市后首次公布的年度业绩中展现了显著的增长势力和市场拓展能力,为投资者带来了众多亮点:一、业绩高速增长,收入及利润大幅攀升于回顾年内,公司业绩表现卓越,收入及利润均录得显著增长。 公司收入大幅提升至约人民币55.26百万元,较去年的人民币41.50百万元增长33.16%,年内利润较去年的人民币13.25百万元增长22.96%至约人民币16.30百万元。 这充分展现了公司在检测认证行业的强劲竞争力和卓越的市场表现。 公司通过不断拓展业务领域、提升服务质量和效率,成功把握市场机遇,實現了收入和利潤的雙豐收。公司每股基本盈利为人民币0.61元。 为让股东们能一起分享成果,董事会建议派发末期股息每股人民币 0.15元(含适用税项)。 全年派息合共约人民币5.09百万元,全年派息比率约为31%。业务回顾公司的收入主要来自提供建设工程检测检验服务。 于回顾年内,提供建设工程检测服务产生的收入增加28.9%至人民币46.45百万元(2023年:人民币36.03百万元),主要归因于(i)茂名建设工程检测检验行业的整体增长; 及(ii)公司检测资质范围增加,能为客户提供更多检验检测服务内容,收入随之增长。 于回顾年内,建设工程检验服务产生的收入增加3.6%至人民币5.67百万元(2023年:人民币5.47 百万元),主要由于(i)茂名建设工程检测检验行业的整体增长; 及(ii)公司检测资质范围增加,能为客户提供更多检验检测服务内容,收入随之增长。 自2024年5月起,公司的食品农产品检测部门正式开展业务,并于截至2024年12月31日止年度产生收入人民币3.14百万元。下表载列截至2024年及2023年12 月31日止年度本公司按服务类别划分的收入明细: 业务分支收益(人民币千元)截至十二月三十一日止收益占比(%)截至十二月三十一日止二零二四年二零二三年变化二零二四年二零二三年建设工程检测服务 地基基础检测服务27,48224,619+11.6%49.7%59.3%建筑材料检测服务4,9733,888+27.9%9.0%9.4%建筑结构检测服务3,9081,682+132.3%7.1%4.0%基础设施及公共道路检测服务10,0865,837+72.8%18.3%14.1%建设工程检验服务 边坡监测及基坑监测服务5,6715,474+3.6%10.3%13.2%食品及农业检测服务3,140--5.7%-总计55,26041,500+33.2%100%100%二、积极拓展市场版图,与佛山高明的国企合作成立子公司在业务拓展方面,公司于本年度内取得了重大进展。 二零二四年十二月一日,公司在广东省佛山市高明区设立了一家分公司,标志着公司进一步拓展市场版图,提升服务覆盖范围。 此外,公司还与当地国企合资成立了子公司,旨在更好地把握佛山高明市场的机遇,为当地客户提供更便捷、高效的检测认证服务。 这一举措不仅有助于公司进一步巩固其在检测认证行业的市场地位,也为公司的长期发展奠定了坚实基础。三、持续优化服务,把握市场机遇公司一直致力于为客户提供全方位、高质量的检测认证服务,业务涵盖建设工程检测、产品及材料检测、环境检测、食品检测等多个领域。 在国家乡村振兴政策以及广东省百县千镇万村高质量发展工程等政策的推动下,检测认证行业需求持续攀升,特别是在三线及以下城市。 粤西地区独立检测认证行业的市场规模预计将由2023年的人民币36亿元增至2028年的人民币65亿元,复合年增长率达12.7%。 作为茂名地区具规模的检测认证服务提供商,公司能够充分受惠于行业增长趋势。 此外,凭借多元化的服务布局和专业能力,公司积极拓展服务产品,适应市场变化,以实现可持续发展。四、行业前景可期,国家政策助力发展《公路水运工程质量检测管理办法》(交通运输部令2023年第9号)及《水利中央预算内投资专项管理办法》(发改农经规[2024]1761号)等政策的实施,为交通、水利及多元化检测认证行业带来新的增长契机。 有见及此,公司紧跟国家政策的步伐,凭借其卓越的专业技术,于近日成功取得由广东省交通运输厅颁发的《公路水运工程质量检测机构所:公路工程-丙级》资质证书。 藉此机会,公司将牢牢把握资金端政策红利、房地产转型带来的机遇,积极优化公司内部结构,顺应宏观政策调整,提升市场竞争力。(一)资金端政策红利,助力公司业务拓展根据近期两会及政府工作报告,2025年国家预计将发行1.3万亿超长期特别国债和4.4万亿政府专项债。 这些资金的投入不仅为市场注入了强大的活力,更为基建相关领域带来了实质性的支持。 作为检测认证行业的佼佼者,集信国控凭借其突出的技术实力、专业资质和市场口碑,有望在基建项目中承担更多的检测任务。 公司能够充分抓住这一政策红利,将资金支持转化为业务增长动力,推动公司业务规模进一步扩大,从而在市场竞争中占据有利地位。(二)房地产行业转型,带来新的业务增长点在房地产领域,提高居住质量"好房子"及盘活存量地产已成为行业发展的重要方向。 这一转型不仅反映了市场对高品质居住环境的需求,也为检测认证行业创造了新的商机。 集信国控作为专业的检测服务提供商,业务覆盖建设工程检测、产品及材料检测等多个领域,能够为房地产开发商和建筑公司提供全面的质量检测服务。 随着房地产行业向高质量方向转型,公司有望在建筑材料检测、建筑结构检测等方面获得更多的业务机会,从而提升公司在房地产相关业务中的收入贡献,开拓新的业务增长点。(三)内部业务结构优化,顺应宏观政策调整国家政府对基建领域的重视和投入,使得市政检测相关服务的需求不断攀升。 集信国控及时调整业务结构,加大在市政检测方面的资源投入,成功抓住了市场机遇。 回顾年内,集信国控的市政检测业务占比逐步增加,与国家宏观政策对基建的支持方向高度契合。 这种业务结构的优化不仅提升了公司的市场竞争力,也增强了公司应对市场风险的能力,为公司未来的可持续发展奠定了坚实基础。公司对国家政策所带来的机遇的洞悉和把握,使其在激烈的市场竞争中能够保持领先地位,并为公司的长期发展和可持续增长提供了坚实的保障。 随着市场环境的不断变化和公司自身的持续进步,集信国控有望在未来取得更加辉煌的成绩,为股东和社会创造更大的价值。公司主席兼执行董事赖锋先生表示:「我们很高兴公司于回顾年内取得非凡成绩,这不仅反映了我们在市场中的强劲竞争力,也展现了我们团队的卓越执行力。 展望未来,我们将继续坚持以创新驱动发展,提升服务质量,为股东创造更大的价值,同时为行业发展贡献力量。 同时,我们积极拓展市场版图,跨区域与佛山市高明区国企合作成立子公司,此举亦充分显示国企对公司业务的未来发展充满信心。 我们相信此举将能更好地助力公司把握区域市场机遇,进一步巩固公司在检测认证行业的市场地位。 」关于广东集信国控检测认证技术服务中心股份有限公司作为一家专业的检测检验服务提供商,广东集信国控检测认证技术服务中心股份有限公司的业务涵盖建设工程检测检验服务、产品及材料检测服务、环境检测服务及食品检测服务等多个领域。 凭借多元化的服务布局,公司能够满足私营及公共部门实体等不同客户群体的多样化需求,客户包括房地产开发商、建筑公司、国有投资公司、中国政府机构及政府部门等。 公司已获得广东省市场监督管理局批准的41个与建设工程、产品及材料检测、环境检测、食品检测及农业相关检测有关的检测检验服务类别的资质,并提供41个类别项下逾3,183个参数的检测服务,体现了较高的专业水平及良好的信誉和市场竞争力。本新闻稿由智升公关有限公司代表广东集信国控检测认证技术服务中心股份有限公司发放。如有任何媒體查詢,請聯繫智升公關有限公司:龔小姐電話: (852) 46371627 (852) 6608 9927電郵:ir@brightcommns.com Copyright 2025 亚太商讯 via SeaPRwire.com.
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Ausnutria Delivers Resilient Dual Growth in Revenue and Profit in 2024 ACN Newswire

Ausnutria Delivers Resilient Dual Growth in Revenue and Profit in 2024

HONG KONG, Apr 14, 2025 - (ACN Newswire via SeaPRwire.com) - On 10 April, Ausnutria Dairy Corporation Ltd (Stock Code: 1717.HK) released its 2024 annual results announcement. According to the announcement, Ausnutria achieved operating revenue of approximately RMB7.402 billion in 2024, a year-on-year (“YoY”) growth of 0.3% and profit attributable to equity holders of the parent company of approximately RMB236 million, a YoY growth of 35.3%, realizing a resilient dual growth in revenue and profit. It is worth mentioning that Ausnutria's international business has entered the fast lane with a significant YoY growth of 68.2%, which has become a new growth driver.According to the announcement, in 2024, in the face of the internal and external economic situation of the world's economic growth momentum and insufficient effective domestic demand, Ausnutria steadily promoted the “milk powder + nutrition products” nutrition strategy for the whole family and further strengthened its leading position as the “World’s No.1 goat milk powder brand”. Through multi-dimensional measures such as strengthening scientific innovation, expanding market, enhancing efficiency and consolidating foundation, Ausnutria has maintained its market share against the backdrop of the overall shrinking infant formula market, realizing revenue growth with a significant increase in profit, thereby surpassing the industry cycle with resilient growth. In terms of segmentation, Ausnutria's own brand milk powder business segment achieved an overall revenue of approximately RMB5.806 billion, of which the goat milk powder business realized revenue of approximately RMB3.699 billion, representing a YoY increase of 12.7%, while the cow milk powder business realized revenue of approximately RMB2.107 billion. The nutrition products business segment realized revenue of approximately RMB305 million, representing a YoY increase of 7.1%. In terms of region, in 2024, the goat milk powder business of the PRC recorded revenue of approximately RMB3,053 million, representing a YoY growth of 5.3%, while the goat milk powder international business realized revenue of approximately RMB647 million, representing a significant YoY growth of 68.2%, which maintained a high growth trend. The share of total revenue from the Company's own brand formula goat milk powder business further increased to 17.5%.According to the announcement, the Middle East region has continued to show solid growth momentum in 2024; the CIS market achieved high double-digit growth; and a milestone breakthrough was achieved in the first year of the launch of Kabrita’s goat IMF in the U.S. market. Through the dual-track strategy of “online precise promotion + offline channel expansion”, Kabrita quickly grabbed the top category seller on the Amazon platform and was awarded the “Best Goat Milk Baby Formula Product” in the US. Ausnutria said in the announcement that with more and more medical professionals and professional organizations further recognizing the value of goat milk, North America is expected to become another strategic growth pole after the Middle East. Copyright 2025 ACN Newswire via SeaPRwire.com.
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Berberine Ursodeoxycholate (HTD1801) Consistently Demonstrates Comprehensive Benefits for Patients with Type 2 Diabetes Mellitus, Approaching NDA ACN Newswire

Berberine Ursodeoxycholate (HTD1801) Consistently Demonstrates Comprehensive Benefits for Patients with Type 2 Diabetes Mellitus, Approaching NDA

HONG KONG, Apr 15, 2025 - (ACN Newswire via SeaPRwire.com) - HighTide Therapeutics, Inc. (2511.HK), a clinical-stage biopharmaceutical company specializing in the development of multifunctional, multi-targeted therapies for chronic liver and metabolic diseases, today announced that two Phase 3 trials (SYMPHONY 1 and SYMPHONY 2) of berberine ursodeoxycholate (HTD1801) in Chinese patients with type 2 diabetes mellitus (T2DM) met their primary endpoints and gated secondary endpoints.The results of these two Phase 3 clinical trials provide robust evidence that HTD1801 delivers comprehensive benefits for patients with T2DM. Based on these highly positive read-outs, HighTide plans to submit a new drug application (NDA) for HTD1801 as a treatment for T2DM to the Center for Drug Evaluation (CDE) of China's National Medical Products Administration (NMPA) later this year.SYMPHONY 1 (NCT06350890) and SYMPHONY 2 (NCT06353347) are randomized, double-blind, placebo-controlled, Phase 3 clinical trials designed to evaluate the efficacy and safety of HTD1801 in adults with T2DM and inadequate glycemic control despite using diet and exercise (SYMPHONY 1; N=407) or Metformin (SYMPHONY 2; N=549). The primary endpoint in both studies was the change in HbA1c from baseline with HTD1801 compared to placebo after 24 weeks of treatment. Gated secondary endpoints included the percentage of subjects achieving HbA1c
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