Ching Lee Holdings (3728.HK) Reports Solid and Resilient Annual Results ACN Newswire

Ching Lee Holdings (3728.HK) Reports Solid and Resilient Annual Results

HONG KONG, July 2, 2025 - (ACN Newswire via SeaPRwire.com) - Ching Lee Holdings Limited (“Ching Lee” or “the Group”) (03728.HK) reported its annual results for the year ended 31 March 2025. During the year, the Group’s revenue increased to HK$1281 million, representing a year-on-year growth of approximately 43%, driven by the successful completion of several construction projects and the commencement of multiple new ones. Gross profit rose by around 14%. However, net profit declined by 12% due to higher administrative and operating expenses, increased finance costs, and an impairment loss on interest in an associate.Despite the continued weakness in the Hong Kong property market and the slowdown in the development of private residential projects, the Group has explored diversified development, strengthened business growth momentum, and actively participated in public construction projects and non-residential projects, effectively offsetting the current market downturn and further consolidating its position in the industry.The Group Chairman Mr. Ng Choi Wah said: "The recent decline in Hong Kong Interbank Offered Rates has brought some relief to the property market, especially residential users. While the broader economic outlook remains uncertain, the Group remains optimistic about the prospects of the local construction industry. We will continue to work hard on cost control, prudently manage financial planning and enhance operational efficiency to maintain the resilience of the Group's business."The Group has currently held incomplete contracts amounting more than HK$1.5 billion which will provide a foundation for future operating income and strengthen the Group's financial stability.Media enquiries:New Smile Limited Strategic IR & PR Consultancy Jenny Lai: jenny.lai@newsmilehk.comJacey Ching: jacey.ching@newsmilehk.comElina Zhang: elina.zhang@newsmilehk.comTel: +852 2126 7076About Ching Lee Holdings LimitedChing Lee Holdings Limited, a limited liability company incorporated under the laws of the Cayman Islands, is a contractor in Hong Kong with over 28 years of experience in public and private sectors. The principal activities of Ching Lee Holdings and its subsidiaries are the provision of construction and consultancy works and project management services in Hong Kong, engaged in providing substructure building works services, superstructure building works services, and repair, maintenance, alteration and addition (RMAA) works services. Ching Lee Holdings Limited was transferred from GEM board to the main board in HKEx on September 18, 2017 with stock code 3728.HK. Company website: http://www.chingleeholdings.com Copyright 2025 ACN Newswire via SeaPRwire.com.
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TravelKon Launches Unlimited Europe eSIM Range to Keep Australians Connected over European Summer Getaway ACN Newswire

TravelKon Launches Unlimited Europe eSIM Range to Keep Australians Connected over European Summer Getaway

SYDNEY, AU, July 2, 2025 - (ACN Newswire via SeaPRwire.com) - TravelKon, Australia's trusted travel eSIM and SIM card provider, has launched its latest Europe eSIM range, designed to make staying connected across the continent easier than ever. The new portfolio includes a variety of flexible data plans, along with an "Unlimited Europe" option that covers more than 35 countries. Whether travellers are hopping between major cities or exploring off-the-beaten-path destinations, TravelKon's Europe eSIM ensures seamless, reliable connectivity without the stress of roaming fees or juggling multiple SIM Cards.This launch aligns with a sharp rise in demand for European travel amongst Australians. Emirates booking data reveals that over 120,000 Australians are set to trade the Southern Hemisphere's winter for a relaxing time under the Mediterranean sun in Italy, Greece, and France. Similarly, the same report shows leisure travellers' Europe itinerary average 15 days, far outnumbering one-week business trips. TravelKon's new Unlimited Europe eSIM comes at the perfect time, offering a simple, affordable, and reliable solution for the modern traveller navigating the continent's vibrant summer landscapes across longer periods of time."Australians told us their biggest travel pain points are bill shock and patchy coverage when hopping between countries," said Anthon, Co-Founder & CEO of TravelKon. "Our Europe eSIM gives travellers local-network speeds in Paris, Prague, or Porto on one QR codeand the new Unlimited plan means you can stream, navigate, and share without watching the meter."Why it mattersRoaming savings: Major carriers still charge A$10 per day for just 1-2 GB of roaming data in Europe. TravelKon's new Unlimited eSIM starts from A$2.72 per day, up to 75% cheaper on a two-week trip, with no data limitations.Seamless coverage: One eSIM profile auto-switches across partner networks in 35+ countries, eliminating SIM swaps at every border.Instant activation: Purchase online, scan a QR code, and connect in under two minutes.That means no shipping and no airport kiosk queues.Market momentum: The global travel-eSIM market is forecast to more than double to US$734 million by 2030, underscoring rapid consumer adoption.CategoryDataCategoryData AllowanceValidityLaunch PriceEurope, UK & Turkey 5G eSIM 35 Countries3GB30 - 90 daysA$15.00Europe, UK & Turkey 5G eSIM 35 Countries10 GB30 - 90 daysA$29.00Europe, UK & Turkey eSIM Unlimited 35 CountriesUnlimited*30 - 90 daysA$2.72/day*The service provider reserves the right to apply a Fair Use Policy and limit your data speed for up to 24 hours to ensure optimal network performance.ProviderData AllowancePriceTelstra2GB/day**A$10.00/dayVodafoneUse your own data allowance**A$5.00/dayOptus5GB/day**A$5.00/dayAvailabilityTravelKon's Europe eSIM plans are available now at TravelKon.com.au/product-category/esim/esim-europe-uk/.About TravelKonFounded in 2019, Australia-based TravelKon is on a mission to eliminate connectivity hassles for global travellers. The company partners with leading telecom operators worldwide to deliver affordable eSIM data plans across 180+ destinations-including Japan, North America, and Europe.Media ContactBrenda Jory Wijaya - PR & Communications Managermedia@travelkon.com.au | +61 412 718 829Website: https://travelkon.com.au/Source currency: AUD. All prices and promotions are correct as of 10 June 2025.References"120,000+ Australians are set to swap winter chills for a Euro-summer this season" travel.nine.com.au"11.7 million trips in 2024", travelandtourworld.com."A$10 per day for just 1-2 GB of roaming data in Europe" telstra.com.au"US$734 million by 2030" intelmarketresearch.comSOURCE: TravelKon Copyright 2025 ACN Newswire via SeaPRwire.com.
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Eagle Football Holdings supports Leadership Changes at Olympique Lyonnais ACN Newswire

Eagle Football Holdings supports Leadership Changes at Olympique Lyonnais

PALM BEACH GARDENS, FL, June 30, 2025 - (ACN Newswire via SeaPRwire.com) - Eagle Football Holdings Limited today confirmed its support of leadership changes which shall occur at its subsidiary Eagle Football Group (France) and Olympique Lyonnais.John Textor, Chairman and majority owner of Eagle Football Holdings, acting in his capacity as the sole director, and on behalf of the sole shareholder, of Olympique Lyonnais, today appointed Michael Gerlinger to the position of Director General (CEO), and Michele Kang to the position of Chair and President. Mr. Textor has resigned from his leadership positions at Olympique Lyonnais, in favor of the appointment of Ms. Kang and Mr. Gerlinger.Michele Kang, who is also a leading shareholder of Eagle Football Holdings, has served on the OL board since 2023, has been appointed Chair and President. She will take an active role in supporting OL's executive management, including spearheading the club's appeal process with the DNCG.Michael Gerlinger, currently Chief Sports Officer of Eagle Football, has been appointed Director General of Olympique Lyonnais. A widely respected figure in European football administration, Michael brings over two decades of experience in governance, regulatory affairs and sporting operations.Mr. Textor remains Chairman, CEO and majority owner of Eagle Football Holdings (UK), principal owner of SAF Botafogo (Brazil), Olympique Lyonnais (France), Crystal Palace FC (England) and Daring Brussels (Belgium). In terms of day-to-day responsibilities, he will now re-focus his attention on SAF Botafogo, Daring Brussels and Eagle's Football club acquisition strategies in the UK.Chairman and CEO, John Textor said:"I am extremely proud of the global sporting successes of Eagle Football, with historic championships, cup wins, and tournament qualifications in Brazil, France and England, but it's clear that we must make changes in our management approach, if we expect to be as effective off-the-pitch, as we are on-the-pitch."Regarding Olympique Lyonnais, "Each of our clubs and communities deserve leadership, with a strong local presence, and the acumen to overcome both the sporting and the non-sporting challenges that we face. It's obvious to everyone that Michele is a perfect choice to lead OL, and I am thrilled for our community that she has accepted the job."He continued, "On a personal level, I am truly looking forward to the reduction of my day-to-day management responsibilities in Europe, so I can focus on markets where we have the full freedom to run our football clubs…to invest, innovate, grow and compete. OL in great hands with Michele, and I will focus on Botafogo, Daring Brussels and our next club in England."About Eagle Football Holdings LimitedINSPIRED BY FOOTBALL, DRIVEN BY FOOTBALL…MUCH MORE THAN FOOTBALLEagle Football is a sports, entertainment and technology company that engages with a global audience through its portfolio of interests in iconic football clubs and related assets around the world. Eagle Football is the leading shareholder of SAF Botafogo (reigning champion of Brazil and South America), Olympique Lyonnais (historic multi-year champion of France), Crystal Palace Football Club (2025 FA Cup Champion), and Daring Brussels.Fueled by our portfolio of iconic football clubs, our passionate, global audience, and our position as a preferred destination for players-our goal is to build the leading football-related enterprise on Earth. We operate on the belief that the audience of a club is always more valuable than the club, and our scalable entertainment and technology strategies are designed to maximize our total addressable market opportunity, far beyond the reach of typical football clubs. Our mission is to create value for our shareholders by being a champion for our players, our clubs, our fans and our communities, and the magnificent game of football.Inquiries:Eagle Football Holdings Limitedwww.EagleFootball.compress@eaglefootball.comSOURCE: Eagle Football Holdings Limited Copyright 2025 ACN Newswire via SeaPRwire.com.
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HKIRA Announces Winners of the 11th IR Awards 2025 ACN Newswire

HKIRA Announces Winners of the 11th IR Awards 2025

HONG KONG, July 1, 2025 - (ACN Newswire via SeaPRwire.com) - The Hong Kong Investor Relations Association (“HKIRA”) announced the winners of the 11th Investor Relations Awards 2025 (the “IR Awards” or the “Awards”) on 27 June, marking over a decade of recognising outstanding investor relations and corporate governance practices among Hong Kong listed companies.In its eleventh consecutive year, the Awards recognises and honours investor relations (IR) excellence and best practices among Hong Kong listed companies and IR professionals. Amid ongoing global economic uncertainties, shifting market dynamics, and rapid technological advancements such as the development of AI, the role of investor relations professionals has never been more critical. The IR Conference and Awards Ceremony gathered experts and professionals in the field to discuss and share their different perspectives on strategies, latest trends, effective processes and best practices in investor relations. HKIRA was particularly honoured to have Dr Wong Tin Yau, Kelvin, SBS, JP, Chairman of the Securities and Futures Commission of Hong Kong, as the guest of honour and keynote speaker at the Awards Presentation Ceremony.The 11th IR Awards 2025 received widespread support from listed companies and the investment community. A total of 114 companies participated in the Awards this year. As in previous years, the winners were first nominated by the public and then selected via online polling by qualified voters among buy-side and sell-side investors. More than 503 investors from over 388 financial institutions voted this year. The continued support demonstrates the recognition the IR Awards enjoys in the investment community. As the importance of investor relations continues to grow in the industry, HKIRA has continued to strive to raise the standard of IR excellence in Hong Kong by optimising the award mechanism to ensure the quality of the awards.Of all the award categories, Overall Best IR Company is the most prestigious, as the winner is selected by the judging panel from among the winners of all the award categories for its overall exemplary performance in investor relations. This year, the winners of Overall Best IR Company by company size – Large Cap, Mid Cap and Small Cap – are China Resources Beer (Holdings) Company Limited, Yue Yuen Industrial (Holdings) Limited, SF Real Estate Investment Trust. Given the relatively weak IPO market in Hong Kong in the past two years, no IPO-related awards are granted this time.Dr Eva Chan, Founding Chairman of HKIRA, said, “As we enter the 11th IR Awards, we are honored and grateful for the strong support and participation from professionals across various industries. Despite the challenges faced by Hong Kong’s financial market in recent years, the investor relations sector has played a vital role in rebuilding global investors’ confidence in Hong Kong stocks. With the rapid advancement of AI, IR professionals must enhance their market sensitivity and leverage AI technologies to improve data analysis and communication efficiency.Meanwhile, the Hong Kong IPO market is gradually recovering in 2025, with the growing trend of A-share dual listings significantly boosting market vitality. This development has expanded liquidity and broadened the investor base, further strengthening Hong Kong’s position as a leading international financial centre. We look forward to resuming our IPO-related recognitions in next year’s IR Awards, which will continue to recognise efforts in investor relations and celebrates outstanding practices within the industry.”Strategic Public Relations Group is proud to once again be the Official Public Relations Partner and Sponsor of the HKIRA IR Awards 2025.Friends from the investment community and industry professionals attend the 11th Investor Relations Awards Presentation CeremonyThe winners of the 11th IR Awards include the following companies (in sequential order of tickers):5HSBC Holdings plc12Henderson Land Development Company Limited14Hysan Development Company Limited35Far East Consortium International Limited71Miramar Hotel and Investment Company Limited101Hang Lung Properties Limited135Kunlun Energy Company Limited165China Everbright Limited178Sa Sa International Holdings Limited291China Resources Beer (Holdings) Company Limited331FSE Lifestyle Services Limited341Cafe de Coral Holdings Limited511Television Broadcasts Limited551Yue Yuen Industrial (Holdings) Limited552China Communications Services Corporation Limited659CTF Services Limited700Tencent Holdings Limited778Fortune Real Estate Investment Trust823Link Real Estate Investment Trust887Emperor Watch & Jewellery Limited1044Hengan International Group Company Limited1070TCL Electronics Holdings Limited1199COSCO SHIPPING Ports Limited1313China Resources Building Materials Technology Holdings Limited1361361 Degrees International Limited1810Xiaomi Corporation1811CGN New Energy Holdings Co., Limited1880China Tourism Group Duty Free Corporation Limited1929Chow Tai Fook Jewellery Group Limited1988China Minsheng Banking Corp., Limited2020ANTA Sports Products Limited2191SF Real Estate Investment Trust2199Regina Miracle International (Holdings) Limited2232Crystal International Group Limited2313Shenzhou International Group Holdings Limited2388BOC Hong Kong (Holdings) Limited9636JF SmartInvest Holdings LimitedFor the complete list of winners, visit: https://www.hkira.com/awards/ehall2025.phpJudging Panel- Professor Louis Cheng (Chairman of Judging Panel): Dr S H Ho Professor of Banking and Finance, Associate Dean (Research) of School of Business, Director of Research Centre for ESG, The Hang Seng University of Hong Kong- Mrs Amy Donati: EDICO Holdings Limited - Executive Director and Chief Executive Officer- Dr. Alvin Ho, CFA, CPA: CFA Society Hong Kong - President- Mr Stephen Law, JP: Hong Kong Institute of Certified Public Accountants - Vice-President- Mr Andrew Look: CITIC Resources Holdings Limited - Independent Non-Executive Director- Ms Victoria Mio: Janus Henderson Investors - Portfolio Manager, Head of Greater China Equities- Dr Maurice Ngai: General Committee and the Chairman of Membership Services of the Sub-Committees Chamber of Hong Listed CompaniesAbout HKIRAHong Kong Investor Relations Association (HKIRA) is a non-profit professional association comprising investor relations practitioners and corporate officers responsible for communication between corporate management and the investment community. HKIRA advocates the setting of international standards in IR education, advances the best IR practices and meets the professional development needs of those interested in pursuing the investor relations profession.HKIRA is dedicated to advancing the practice of IR as well as the professional competency and status of its members. To date, HKIRA has over 1,300 members most of whom are working for companies primarily listed on the Stock Exchange of Hong Kong. About 64% of the Hang Seng Index Constituent Stock companies are currently members of HKIRA. HKIRA’s members are from a wide spectrum of professions including IR, finance, accounting, company secretarial to corporate investment and hold positions at different corporate levels, including top executives responsible for IR and management of listed companies. For more information about HKIRA details, please visit our website http://www.hkira.com.About the IR AwardsThe HKIRA Investor Relations Awards (the “IR Awards”) is an annual campaign that aims to encourage, recognize and reward the excellence in investor relations practices by individuals and companies listed in Hong Kong Stock Exchange. Since the launch in 2015, each year the Awards seeks out and highlights the incredible achievements of individuals and companies with high standards in investor relations through their role modelling to the investment community.The Awards ceremony, consisting of a conference in the morning and presentation in the afternoon, is a spectacular gathering of IR specialists and industry professionals that applauds and publicizes the year’s achievements in investor relations. For details of the Awards and online nominations, please visit http://www.hkira.com/awards.Media enquiries:Strategic Public Relations GroupCindy LungTel: +852 2864 4867Email: cindy.lung@sprg.com.hkMaggie KoCoco YuTel: +852 2864 4890Tel: +852 2864 4876Email: maggie.ko@sprg.com.hkEmail: coco.yu@sprg.com.hkWebsite: www.sprg.asiaHong Kong Investor Relations AssociationViolet ChanTel: +852 2117 1846Email: irawards@hkira.comWebsite: www.hkira.com Copyright 2025 ACN Newswire via SeaPRwire.com.
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Chagee’s Global Potential Far Outpaces Its 15x PE Valuation

HONG KONG, Jun 30, 2025 - (ACN Newswire via SeaPRwire.com) - As the freshly made tea industry faces increasing competition, Chagee is strategically launching a value-driven upgrade in tea culture. Official data shows its new flagship line, “CHAGEE NOW”, focused on freshly brewed teas, has expanded to 11 stores in Shanghai. Unlike traditional milk teas, CHAGEE NOW features Chinese-style teas and tea lattes, signaling what analysts believe could be a shift in how Chagee anchors its brand value.Not Just Tea — Chagee Enters Coffee’s LaneData shows that the growth of China’s new-style tea market slowed to 6% in 2024 and is projected to decline further to just 1.5% by 2028. While brands like Heytea and Nayuki remain focused on the premium segment, and Gu Ming (Good Me) and Cha Bai Dao (ChaPanda) compete fiercely within the 10–20 RMB price range, Chagee is carving out a new track, aiming not for milk tea consumers’ spare change, but for the daily routines where coffee dominates.This reflects the core strategy outlined by Chagee founder Zhang Junjie: “a meticulous benchmarking of Starbucks”. It also underscores the brand’s unique value proposition in the capital market—blending distinctive Eastern tea offerings with Starbucks-level scalability to position itself as the world’s next everyday beverage, alongside coffee.From a data perspective, Chagee has a solid foundation for its strategy. Not only is its product widely welcomed, but the supply chain also provides strong support for operational efficiency. According to its Q1 2025 financial report, even under the pressure of increased store density, Chagee’s average monthly GMV per store in Greater China reached RMB 432,000, significantly exceeding the industry average for tea brands. The brand’s supply chain efficiency further reinforces its position. With a focused product strategy and high level of standardization, its inventory turnover cycle is just 5.3 days, whereas many other tea brands take over 50 days.Chagee’s strong store-level performance and efficient supply chain continue to power its rapid expansion, consistently outperforming industry peers. As of March 31, 2025, Chagee had grown to 6,681 stores worldwide. While short-term fluctuations in per-store GMV are expected as store density increases, the long-term growth trend remains firmly upward, particularly in mature markets, where same-store sales are still rising at a 20% pace. This pattern echoes Starbucks’ own trajectory: during its 2013–2015 densification phase, GMV also wavered, but the brand soon returned to stable double-digit growth.The “Eastern Starbucks” Takes Shape: Chagee’s Global Ambitions Gain MomentumMarket analysts suggest that once Chagee successfully repositions itself as a high-frequency, essential alternative to daily coffee consumption, its global growth potential could expand significantly. Notably, Chagee began its globalization journey as early as 2019 and has already achieved impressive results.Data shows that Chagee’s business model and product offering have been successfully validated in Southeast Asia. In Singapore, the brand’s average monthly GMV per store has reached RMB 1.8 million, well above its domestic performance. Its first store in Jakarta, Indonesia, sold over 11,000 cups in just the first three days. Meanwhile, in Malaysia, Chagee plans to open 300 new stores over the next three years.Meanwhile, Chagee’s North American debut is drawing strong anticipation. Its first Los Angeles store opened in April 2025, introducing “tea lattes” tailored to local coffee culture—and sold over 5,000 cups on opening day.As of March 31, 2025, Chagee had 169 overseas stores, generating a total GMV of RMB 178 million in international markets for the first quarter, an impressive year-over-year surge of 85.3%. Overseas growth is becoming a key indicator for capital markets evaluating Chagee, prompting a shift in how the company is being valued. For reference, when Starbucks saw over 30% of its revenue generated from international markets, its price-to-earnings (PE) ratio increased from 20x to 35x. In comparison, Chagee’s current PE ratio of 15x highlights a considerable valuation gap given its global growth potential.The capital market’s perception of Chagee’s valuation is still evolving—“It can no longer be seen as just a milk tea brand”. Market projections indicate that transitioning from a leisure beverage to a daily coffee alternative could unlock more than tenfold growth in user potential.As Chagee steadily advances its global expansion, its dual-track valuation story—rooted in its positioning as a coffee alternative and its ambition to achieve Starbucks-level scale—is gaining growing recognition across the market. Amid a broader pullback in traditional freshly made tea valuations, Chagee is just beginning to lead a new wave of value redefinition in the tea industry. Copyright 2025 ACN Newswire via SeaPRwire.com.
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ASN: Anson Signs MoU with POSCO Holdings for DLE Demonstration Plant Development at Green River ACN Newswire

ASN: Anson Signs MoU with POSCO Holdings for DLE Demonstration Plant Development at Green River

Anson Resources and POSCO Holdings have signed a non-binding MoU to develop a large scale DLE Demonstration Plant at Green River.POSCO Holdings plans to construct a Demonstration Plant to test DLE technology and has initiated a review of Anson's Green River Lithium Project.POSCO Holdings plans to fully fund the plant, invest in all required infrastructure and operating costs, including a site lease fee, for the scaled demonstration testing.NEWPORT BEACH, CA, June 30, 2025 - (ACN Newswire via SeaPRwire.com) - Anson Resources Limited (ASX:ASN) ("Anson" or the "Company") is pleased to announce that it has executed a non-binding Memorandum of Understanding ("MoU") with POSCO Holdings Inc. (KRX: 005490, NYSE: PKX) to collaborate on the construction of a demonstration plant at the Green River Lithium Project ("Project") in the Paradox Basin, southern Utah, USA. The parties will also explore future partnership opportunities at the Project.POSCO Holdings will make an investment decision on the demonstration plant at the Green River Lithium Project through the finalisation of its due diligence and internal review, expected to be completed by December 2025.The two companies will also explore potential business cooperation opportunities, including joint investment in the Project, contingent on positive feasibility outcomes.The Green River Lithium Project, owned by Anson Resources's subsidiary, Blackstone Minerals NV LLC, offers compelling advantages, including low forecast production costs, ready access to existing infrastructure and a skilled local workforce. The Project sits in a strategic location within the United States to support the growing demand for domestically sourced EV battery materials.POSCO Holdings has been conducting long-term R&D and investment reviews on next-generation lithium resources such as brine and geothermal brine for several years, utilising its comprehensive experience in lithium extraction and operational know-how, paired with its deep experience in chemicals trading and distribution.The demonstration plant is a scaled-up version of a pilot plant designed to validate a new industrial process at a larger, commercially relevant scale before full-scale construction. The Demonstration Plant will operate on a continuous process basis to closely resemble that of the anticipated future commercial plant as well as generating significant quantities of product.Executive CommentaryExecutive Chairman & CEO, Mr. Bruce Richardson commented:"This MoU agreement with POSCO Holdings represents another significant milestone in our commercialisation strategy and underscores the progress Anson has made in de-risking the Green River Lithium Project. The Project's ongoing progress continues to attract additional top-tier partners who are contributing to the establishment of Green River as a globally attractive asset.POSCO Holdings is a world-class chemicals producer with deep operational experience, and their interest further validates the quality and strategic potential of the Project.As the global supply chain for lithium shifts toward secure, domestic sources, Anson is uniquely positioned to support this demand from within the U.S., offering low-cost, high-purity lithium production.With forecast-leading production costs, strong local infrastructure, and a highly skilled workforce, the Green River Lithium Project is emerging as one of North America's most compelling lithium development opportunities."POSCO Holdings spokesperson commented:"This collaboration with Anson Resources represents a strategic opportunity for POSCO Holdings to strengthen our position in the North American lithium market. Through collaboration on the Green River Lithium project, we will verify the commercialization potential of DLE technology and its business feasibility in the United States. We believe our operational know-how, commercial expertise, combined with Anson's high-quality asset, can create significant value for both companies and contribute meaningfully to the US supply chain and manufacturing."About POSCO HoldingsPOSCO Holdings Inc. (KRX: 005490) is a leading South Korean industrial group with strategic investments across steel, energy, and battery materials. POSCO Group is developing a global supply chain to support the transition EV and has invested in a total of 93,000 tonnes of lithium production annually in Argentina and South Korea. The company has made significant investments in both brine and hard-rock lithium resources across South America and Australia and is advancing proprietary Direct Lithium Extraction (DLE) technologies to accelerate low-carbon lithium production.This announcement has been authorized for release by the Executive Chairman and POSCO Holdings.About Anson Resources LtdAnson Resources (ASX: ASN) is an ASX-listed mineral resources company with a portfolio of minerals projects in key demand-driven commodities. Its core assets are the Green River and Paradox Lithium Project in Utah, in the USA. Anson is focused on developing these assets into a significant lithium producing operations. The Company's goal is to create long-term shareholder value through the discovery, acquisition and development of natural resources that meet the demand of tomorrow's new energy and technology markets.For further information please contact:Bruce RichardsonExecutive Chairman and CEOE: info@Ansonresources.comPh: +61 7 3132 7990Will MazeHead of Investor RelationsE: investors@Ansonresources.comPh: +61 7 3132 7990SOURCE: Anson Resources Copyright 2025 ACN Newswire via SeaPRwire.com.
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Prime Minister Paetongtarn Positions Thailand as Regional AI Ethics Leader: Official Launch of AIGPC at the UNESCO Global Forum on the Ethics of AI 2025 ACN Newswire

Prime Minister Paetongtarn Positions Thailand as Regional AI Ethics Leader: Official Launch of AIGPC at the UNESCO Global Forum on the Ethics of AI 2025

BANGKOK, June 27, 2025 - (ACN Newswire via SeaPRwire.com) - Thailand has affirmed its commitment to ethical and inclusive artificial intelligence by hosting the 3rd UNESCO Global Forum on the Ethics of AI 2025, a Center to Support AI for Economy, Society, and Human Rights at Centara Grand at CentralWorld from June 24 to 27. The event brought together representatives from 104 countries. In her keynote speech, H.E. Prime Minister Paetongtarn Shinawatra stated, “AI is no longer the future, it is the power shaping our present,” emphasizing that Thailand is ready to lead the region in ensuring AI serves the public good and leaves no one behind.The Prime Minister outlined Thailand’s three key AI priorities: harnessing AI for positive impact in sectors like agriculture, healthcare, and education; addressing threats such as disinformation and deepfakes; and putting people at the center of the AI transition. She stressed that AI must support workers, not replace them, and urged investment in reskilling to protect human dignity.Thailand’s National AI Strategy, led by the National AI Committee, aims to drive social and economic transformation through AI by 2027, targeting at least 4 billion baht in value creation. A central focus is on empowering SMEs to apply AI tools that lower costs, boost productivity, and enhance global competitiveness.During the Forum, the Prime Minister also held a bilateral meeting with Ms. Audrey Azoulay, Director-General of UNESCO. Both sides agreed to strengthen cooperation on AI ethics, with Thailand’s AI Governance Practice Center (AIGPC) designated as a key regional partner. AIGPC will support capacity building, certification programs, and knowledge-sharing across Asia-Pacific.Deputy Prime Minister and Minister of Digital Economy and Society, Mr. Prasert Chandraruangthong, reaffirmed Thailand’s alignment with UNESCO’s ethical AI framework. Thailand has adopted the Readiness Assessment Methodology (RAM) to evaluate its AI readiness, which will inform future investments and policy development.To engage the public, Thailand is also organizing Bangkok AI Week 2025 under the theme “AI Powered Nation: Unleashing the Digital Economy for All,” featuring exhibitions, workshops, and interactive events across the city.For updates, follow Facebook: ETDA Thailand Copyright 2025 ACN Newswire via SeaPRwire.com.
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CEVA Joins Windrose To Test Long-Haul EV Trucking in China ACN Newswire

CEVA Joins Windrose To Test Long-Haul EV Trucking in China

Antwerp, Belgium, June 28, 2025 - (ACN Newswire via SeaPRwire.com) - CEVA Logistics in Greater China is coming together with Windrose, leading heavy-duty electric truck provider, to conduct a feasibility study for the deployment of long-haul electric vehicle (EV) trucking in China. This collaboration marks a significant step forward in CEVA's commitment to sustainability and its pioneering efforts to lead the sustainable development of the logistics industry.Under this partnership, CEVA and Windrose have successfully conducted trials of long-haul electric trucking, including a round-trip journey from Greater Bay Area in Guangdong to Pingxiang, Guangxi, at the China-Vietnam border, and a 5,000-kilometer journey from Shenzhen to Alashankou, at the China-Kazakhstan border.These pilot runs resulted in a remarkable carbon emissions reduction of approximately 55% on average (WTW) per GLEC framework. Based on these successes, CEVA and Windrose will continue to conduct trial runs within China to further explore the feasibility, cost-effectiveness and operational efficiency of using EVs across various routes and operational scenarios. As part of its strategic plan, CEVA aspires to connect Southeast Asia, Central Asia and even Europe through a TIR network.Aligned with the CMA CGM Group's target of achieving net-zero carbon emissions by 2050, CEVA is committed to expanding its fleet of low-carbon vehicles. CEVA aims to reach 1,450 low-carbon vehicles in its ground operations by 2025 and over 650 battery-electric trucks in service globally. In this regard, CEVA will continue to innovate and invest in sustainable logistics solutions, further solidifying its position as a leader in sustainable logistics."CEVA is committed to leading the way in sustainable ground transport," said Antonio Pacciolla, vice president of Ground & Rail, APAC and IMECA. "We embrace innovative technologies to enhance our logistics solutions, delivering low carbon transport services to our clients while reducing our carbon footprint. That's how we imagine better ways to serve a world in motion.""We are excited to collaborate with CEVA, a leader in the logistics industry known for its innovative and forward-thinking approach," said Wen Han, Founder, Chairman and CEO of Windrose. "Both parties are committed to sustainability and innovation. This partnership will enable us to better serve the markets and shippers with low carbon transport, while setting new benchmarks for sustainable logistics."About CEVA LogisticsCEVA Logistics, a world leader in third-party logistics, provides global supply chain solutions to connect people, products and providers all around the world. Headquartered in Marseille, France, CEVA Logistics offers a broad range of end-to-end, customized solutions in contract logistics and air, ocean, ground and finished vehicle transport in 170 countries worldwide thanks to its approximately 110,000 employees at more than 1,500 facilities. With 2024 revenue of US$18.3 billion, CEVA Logistics is part of the CMA CGM Group, a global player in sea, land, air and logistics solutions.For more information, please visit www.cevalogistics.com or contact: media@cevalogistics.com.About Windrose TechnologyWindrose is a leading provider of electric heavy-duty trucks, committed to delivering zero-emissions and cost-effective solutions for the logistics industry. The company is the first domestic player to provide an independently developed solution of zero-emissions intelligent heavy-duty truck from the ground up, aiming at the global markets in four continents including US, Europe, Asia, Oceania and so forth. Windrose was founded by Wen HAN in 2022, who is a Stanford graduate, formerly investor at Bridgewater Associates, GSR Ventures, as well as previously Chief Strategy and Financial Officer at Plus.For more information, please visit www.windrose.tech / or contact: global@windrose.techSOURCE: Windrose Technology Copyright 2025 ACN Newswire via SeaPRwire.com.
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“Tang Vogue Beyond the Horizons: A Golden Era of Multicultural Integration and Openness” exhibition opens ACN Newswire

“Tang Vogue Beyond the Horizons: A Golden Era of Multicultural Integration and Openness” exhibition opens

HONG KONG, Jun 27, 2025 - (ACN Newswire via SeaPRwire.com) - The opening ceremony of the "Tang Vogue Beyond the Horizons: A Golden Era of Multicultural Integration and Openness" exhibition, jointly organised by the Development Bureau (DEVB) and the National Cultural Heritage Administration, was held today (June 27). The exhibition will run at the Hong Kong Heritage Discovery Centre from tomorrow (June 28), featuring significant Tang dynasty artefacts unearthed on the Mainland and in Hong Kong to showcase the inclusiveness, diversity and openness of the prosperous Tang dynasty, and introduce Hong Kong's pivotal role in the Maritime Silk Road.Speaking at the opening ceremony, the Secretary for Development, Ms Bernadette Linn, said that, as one of the celebration activities of the 28th anniversary of Hong Kong's return to the motherland, this is the largest joint exhibition, in terms of profile, scale and quantity of artefacts on display, since the signing of the Framework Agreement on Deepening Exchange and Cooperation in the Field of Heritage Architecture and Archaeology between the DEVB and the National Cultural Heritage Administration in 2022. The exhibition marks a move towards a higher level of mutual co-operation. Hong Kong is an East-meets-West centre for international cultural exchange. She is eagerly anticipating that the exhibition can showcase the culture of the majestic Tang dynasty to members of the public and friends from all over the world.Other officiating guests at the ceremony were Deputy Administrator of the National Cultural Heritage Administration Mr Qiao Yunfei; the Secretary General of the Liaison Office of the Central People's Government in the Hong Kong Special Administrative Region, Mr Wang Songmiao; the Permanent Secretary for Development (Works), Mr Ricky Lau; the Director of Art Exhibitions China, Mr Tan Ping; the Chairman of the Antiquities Advisory Board, Professor Desmond Hui; and the Chairman of the Advisory Committee on Built Heritage Conservation, Professor Douglas So.The opening ceremony of the exhibition entitled "Tang Vogue Beyond the Horizons: A Golden Era of Multicultural Integration and Openness" was held today (June 27) at the Hong Kong Heritage Discovery Centre. Photo shows the Secretary for Development, Ms Bernadette Linn (centre); Deputy Administrator of the National Cultural Heritage Administration Mr Qiao Yunfei (third right); the Secretary General of the Liaison Office of the Central People's Government in the Hong Kong Special Administrative Region, Mr Wang Songmiao (third left); the Permanent Secretary for Development (Works), Mr Ricky Lau (second right); the Director of Art Exhibitions China, Mr Tan Ping (second left); the Chairman of the Antiquities Advisory Board, Professor Desmond Hui (first right); and the Chairman of the Advisory Committee on Built Heritage Conservation, Professor Douglas So (first left), officiating at the opening ceremony.The exhibition is divided into eight sections on the administrative system and governance of the Tang dynasty, the planning of Chang'an city, the life of people, religious beliefs, literati elegance, craftsmanship, prosperous scenes along the Silk Road and Maritime Silk Road, and Hong Kong's role as a node on the Maritime Silk Road in the Tang dynasty. It features 269 significant pieces/sets of artefacts from 28 museums and cultural institutions in 10 provinces, autonomous regions and municipalities on the Mainland (including 49 pieces/sets of grade-one cultural relics) and 29 pieces/sets of important artefacts unearthed in Hong Kong and dated to the Tang dynasty.Among the key exhibits are two paintings, namely the "Scroll depicting Emperor Minghuang playing polo", which is a Song dynasty depiction of Emperor Xuanzong of Tang (Minghuang) playing polo with his concubines on horseback; and the hanging scroll of Li Bai's "Chun Ye Yan Tao Li Yuan Xu" (preface to the spring night banquet in the peach and plum garden) on kesi (cut silk) depicting the refined life of Tang dynasty literati. These paintings will only be displayed during the first two months (June 28 to August 27). Other key exhibits include a sancai teaware set with a seated figurine revealing the image of Lu Yu, China's sage of tea; a gold jie comb (hair comb accessory) carved in openwork from a thin piece of gold; a painted figurine of a dancing black man with exotic charm; the "Lun Yu Zheng Xuan Zhu" (the Analects with annotation by Zheng Xuan) copied by Bu Tianshou, which has been included in the first batch of the National Catalogue of Precious Ancient Books; and a crimson gold walking dragon used in ritual ceremonies, which will be displayed throughout the entire exhibition period.The exhibition also displays significant Tang dynasty artefacts unearthed at Chek Lap Kok, Tung Chung and San Tau on Lantau Island in Hong Kong, including ceramic ware, iron weapons, bronze belt ornaments, silver chai hairpin, glass ring, fragment of silver piece, Kai Yuan Tong Bao (circulating treasure from a new era) and Qian Yuan Zhong Bao (heavy treasure of Qian Yuan reign) bronze coins, to illustrate the role of Hong Kong in the Maritime Silk Road.The exhibition will run at the Hong Kong Heritage Discovery Centre in Kowloon Park, Haiphong Road, Tsim Sha Tsui, from tomorrow to December 31 with free admission. For details and a short video on the preparation of the exhibition, please visit the website of the Antiquities and Monuments Office of the DEVB. (Link: https://www.amo.gov.hk/en/visitor-centre/exhibitions/heritage-discovery-centre/tang-exhibition/index.html )The opening ceremony of the exhibition entitled "Tang Vogue Beyond the Horizons: A Golden Era of Multicultural Integration and Openness" was held today (June 27) at the Hong Kong Heritage Discovery Centre. Photo shows the Secretary for Development, Ms Bernadette Linn, giving a speech at the opening ceremony.The opening ceremony of the exhibition entitled "Tang Vogue Beyond the Horizons: A Golden Era of Multicultural Integration and Openness" was held today (June 27) at the Hong Kong Heritage Discovery Centre. Photo shows the Secretary for Development, Ms Bernadette Linn (second left); Deputy Administrator of the National Cultural Heritage Administration Mr Qiao Yunfei (first right); and the Secretary General of the Liaison Office of the Central People's Government in the Hong Kong Special Administrative Region, Mr Wang Songmiao (second right), touring the exhibition.The opening ceremony of the exhibition entitled "Tang Vogue Beyond the Horizons: A Golden Era of Multicultural Integration and Openness" was held today (June 27) at the Hong Kong Heritage Discovery Centre. Photo shows a sancai teaware set with a seated figurine revealing the image of Lu Yu, China's sage of tea.The opening ceremony of the exhibition entitled "Tang Vogue Beyond the Horizons: A Golden Era of Multicultural Integration and Openness" was held today (June 27) at the Hong Kong Heritage Discovery Centre. Photo shows a crimson gold walking dragon used in ritual ceremonies. Copyright 2025 ACN Newswire via SeaPRwire.com.
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Wasion Wins Three Major Smart Power Meter Contracts In Emerging Overseas Markets, Total Contract Value Exceeds HK$940 million ACN Newswire

Wasion Wins Three Major Smart Power Meter Contracts In Emerging Overseas Markets, Total Contract Value Exceeds HK$940 million

HONG KONG, Jun 26, 2025 - (ACN Newswire via SeaPRwire.com) - Wasion Holdings Limited (the “Company”, “Wasion” or the “Group”; stock code: 3393.HK), China’s leading provider of energy measurement equipment and energy-saving solutions, is pleased to announce that its wholly-owned subsidiary, WASION, S. DE R.L. DE C.V. (‘‘Wasion Mexico’’), secured a smart meter tender contract from the Federal Electricity Commission of Mexico (“CFE”) on 26 June 2025, with a contract value of over MXN627.39 million (equivalent to over RMB238.41 million or HK$263.50 million). In addition, Wasion Mexico had entered into a smart meter supply agreement with CFE earlier on 25 March 2025, valued at over MXN1,452.93 million (equivalent to over RMB552.11 million or HK$610.23 million).CFE, a state-owned entity established by the Mexican government, is the dominant player in the electric power industry in Mexico and serves approximately 50 million customers. As of 2025, the Group has successfully won cumulative smart meter contracts from CFE exceeding MXN2,080.32 million (equivalent to over RMB790.52 million or HK$873.73 million). This achievement demonstrates Wasion Mexico’s leading brand position in the local market.Additionally, Wasion Group (Tanzania) Limited, a Tanzania-based subsidiary of the Company, also won a tender contract for smart meters from Tanzania Electric Supply Company Limited (“Tanesco”) on 10 June 2025, with a contract sum of approximately RMB61 million (approximately HK$66.65 million). Tanesco is the only state-owned power company in Tanzania serving approximately 15 million users. The Group’s successful acquisition of three major smart power meter contracts in key emerging markets has significantly strengthened its brand internationalization and demonstrated the high level of trust and recognition its products enjoy among overseas customers.Mr. Ji Wei, Chairman of the Group, said: “CFE has a vast power generation capacity and owns the entire transmission and distribution system in Mexico. It is also the sole operator of the national power grid, providing integrated generation, transmission, and distribution services. We are honored that Wasion Mexico has been recognized as both a trusted supplier to CFE and a leading brand in Mexico's power meter industry. Meanwhile, Tanzania will continue to serve as the Group’s business hub in East Africa, from which the Group plans to further expand its presence into Uganda, Kenya, Mozambique, and other neighboring countries. Looking ahead, the Group aims to maintain steady orders for power meters in Africa while actively developing new projects, including energy storage. These successful bids reflect the Group's rapid overseas growth and continued strong performance in emerging markets such as Latin America, Africa, and Central Asia. With production and R&D centers in Mexico and Tanzania, the Group is committed to expanding market share in key overseasmarkets, enhancing local competitiveness to radiate influence surrounding regions, deeply addressing existing customer needs, improving product quality and service standards, and proactively pursuing new international opportunities.”About Wasion Holdings LimitedWasion Holdings is the leading provider of energy measurement equipment and energy-saving solutions in the PRC. Its products and services include Power Advanced Metering Infrastructure (Power AMI), Communication and Fluid Advanced Metering Infrastructure (Communication and Fluid AMI), Advanced Distribution Operations (ADO), Smart Distribution Solutions (SDS), Smart Distribution Devices (SDD), and Energy Efficiency Solutions (EES). The Group’s current clients include power grid companies, water, gas and heat providers, and other major industrial and commercial users. Its products have major market share in the PRC and are exported worldwide to Asia, Africa, Europe and the United States. Its research center and laboratory have been certified as national grade and meet international standards. Wasion’s R&D capabilities in smart metering and energy-saving solutions are renowned within the industry.For more information, please visit:http://ir.wasion.com/tc/index.php Copyright 2025 ACN Newswire via SeaPRwire.com.
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Regina Miracle FY25 Net Profit Up by 28.4% to HK$180 Million ACN Newswire

Regina Miracle FY25 Net Profit Up by 28.4% to HK$180 Million

HONG KONG, Jun 26, 2025 - (ACN Newswire via SeaPRwire.com) - Regina Miracle International (Holdings) Limited (“Regina Miracle” or the “Company”, together with its subsidiaries, the “Group”) (HKEX: 2199), a leading global intimate wear company boasting an innovative design manufacturer (“IDM”) business model, has announced its annual results for the twelve months ended 31 March 2025 (“Fiscal 2025” or the “Year”).The Group’s results for Fiscal 2025 stabilized after bottoming out. Its revenue increased by 11.7% year-on-year to approximately HK$7,840.0 million (Fiscal 2024: HK$7,016.8 million), despite the dual challenges posed by macroeconomic volatility and uneven recovery in end-consumer demand. Gross profit increased by 15.7% to approximately HK$1,832.6 million, with gross profit margin rising by 0.8 percentage point to 23.4% (Fiscal 2024: HK$1,583.6 million and 22.6%, respectively). Earnings before interest, tax, depreciation and amortization (EBITDA) increased by 4.5% to approximately HK$1,057.8 million, and the EBITDA margin was 13.5% (Fiscal 2024: HK$1,012.0 million and 14.4%, respectively). The Group recorded net profit of approximately HK$183.9 million for the Year, representing a year-on-year increase of 28.4%, with net profit margin rising by 0.3 percentage point to 2.3% (Fiscal 2024: HK$143.2 million and 2.0%, respectively). Basic earnings per share attributable to the owners of the Company was HK15.0 cents (Fiscal 2024: HK 11.7 cents). Excluding restructuring costs, adjusted EBITDA increased by 7.7% to approximately HK$1,276.3 million, and the adjusted EBITDA margin was 16.3% (Fiscal 2024: HK$1,185.3 million and 16.9%, respectively). Adjusted net profit for the Year increased by 27.1% to approximately HK$402.4 million, with the adjusted net profit margin rising by 0.6 percentage point to 5.1% (Fiscal 2024: HK$316.5 million and 4.5%, respectively).During the Year, the Group maintained a solid financial position, with net current assets of approximately HK$1,566.6 million (Fiscal 2024: HK$1,489.8 million). As at 31 March 2025, total undrawn banking facilities amounted to approximately HK$3,810.2 million (31 March 2024: HK$3,480.5 million). To share the positive results with shareholders, the Board has resolved to recommend a final dividend of HK4.3 cents per share for Fiscal 2025 (Fiscal 2024: HK2.2 cents per share). Together with the interim dividend of HK2.5 cents per share, this makes a total dividend of HK6.8 cents, which is in line with the Group’s dividend policy of distributing no less than 30% of its net profit for the financial year.Mr. YY Hung, Chairman, Chief Executive Officer and Executive Director of Regina Miracle, said, “We are pleased to report that Regina Miracle achieved low double-digit growth in Fiscal 2025, sustaining its recovery trend despite global macroeconomic challenges. This resilience was ensured by our IDM business model. In a market increasingly characterized by efficiency-driven supply chain agility and value creation focused on differentiated technological barriers, the Group remains committed to its strategy of ‘prioritizing and strengthening core segments’, while flexibly responding to industry adjustments. By leveraging our production capacity in China on domestic demand and utilizing our capacity in Vietnam to serve global markets, we strengthened our ability to seize opportunities from the dual circulation strategy, while bolstering technical reserves to support rapid response to the needs of our brand partners. At the same time, we continued to build product advantages through breakthroughs in craftsmanship innovation, fostering deep synergies with major brand partners. This dual-track strategy of efficiency enhancement and innovation strengthened the Group’s foundation during market headwinds and ensured it is well positioned for future growth.”Business ReviewFosters synergistic development of “Better & Best” products with moderate expansion in intimate wear segmentThis business segment contributed revenue of approximately HK$4,243.4 million during Fiscal 2025, representing a moderate year-on-year increase of 3.0%. Accounting for 54.2 % of the Group’s total revenue, it remained its main source of revenue. The segment’s gross profit increased by 7.2% to approximately HK$1,047.2 million, with gross profit margin rising by 1.0 percentage point to 24.7%. During the Year, the Group continued to optimize its brand partner portfolio by focusing on the “Better & Best” product positioning and strengthening innovative synergies with quality brand partners. As a result, orders from key brand partners for innovative products developed by the Group increased significantly, partially offsetting the fluctuations in orders from a few brand partners due to adjustments in their market strategies.Global sports craze and innovative patented bonding craftsmanship drive robust growth in sports products segmentThis business segment generated revenue of approximately HK$2,934.1 million during the Year, representing a significant year-on-year increase of 26.9% and accounting for 37.4% of the Group’s total revenue. Segmental gross profit was approximately HK$652.8 million, with a gross profit margin of 22.3%. The growing popularity of sports activities around the world, sparked by international sporting events, boosted orders for sports products. In particular, the sports bra segment achieved double-digit growth. In addition, the Group’s differentiated functional apparel products, developed using its proprietary patented bonding (“Bonding”) craftsmanship, recorded strong revenue growth during the Year and became the core growth engine of the sports products segment.Dual-base operations in China and Vietnam and smart transformation boost efficiencyThe Group continued to advance its smart transformation through key initiatives such as structure verticalization, management intellectualization, equipment automation, and supply chain localization to improve production efficiency and precision in cost control. The relocation of the Shenzhen production base to Zhaoqing was completed in October 2024. Meanwhile, the relocation of the R&D department is progressing according to schedule, further strengthening the technological synergy between local innovation and production.In Fiscal 2025, the contribution of the Vietnam production base to the Group’s total revenue reached 85%. As of 31 March 2025, the Group employed approximately 31,900 people in Vietnam and approximately 4,900 people in Mainland China. In the long term, the Group will continue to leverage its Vietnam production base to meet the demands of its international brand partners in the global market, while supporting the “China for China” strategies of its brand partners with the Zhaoqing production base. This dual-track approach is expected to establish a flexible and efficient R&D and production model that caters for brand partners’ need for speed to market.VS China’s localization strategy proved effective, with e-commerce channel driving double-digit growth for the IDM businessVS China’s revenue for the Group’s Fiscal 2025 amounted to approximately HK$1,965.7, representing a year-on-year increase of 4.4%. Net profit amounted to approximately HK$85.6 million, representing a year-on-year increase of approximately HK$0.2 million. During Fiscal 2025, VS China strengthened its differentiated positioning and localized innovation advantages to precisely cater for the needs of local customers. Its core product lines performed particularly well in e-commerce channels, which led to a double-digit year-on-year growth in the Group’s related IDM business.Driving Development Through Innovation, Cost Optimization, Efficiency Enhancement, and a Diversified and Balanced Market Layout to Strengthen Risks ResilienceIn Fiscal 2026, the global market faces significantly greater uncertainty due to the impact of trade wars, with the gloomy outlook for the consumer market leading to more conservative order placements from brand partners. Meanwhile, amid intensifying competition in the supply chain, product differentiation has become key for supply chain enterprises and brands to stand out from their peers. Over the years, Regina Miracle has consistently invested in R&D innovation and established competitive advantages through differentiated technological craftsmanship and products, while improving its production efficiency and flexibility through automation, standardization and digitalization. These efforts have enabled the Group to maintain a leading position in the face of the challenging market environment.Commitment to “cost optimization and control, efficiency-driven transformation, and debt reduction” to enhance profitabilityThe Group is implementing cost optimization and efficiency enhancement measures that cover a range of aspects, from R&D and production to operations, aiming to improve organizational effectiveness and strengthen efficiency awareness among all staff to enhance the Group’s profitability. For the incremental cash flow generated by future business optimization, the Group will prioritize achieving the medium-term goal of reducing the debt ratio after rewarding shareholders, so as to enhance the capital structure. This is expected to strengthen the Group's financial resilience while balancing shareholder value and long-term business development.Leveraging leading Bonding craftsmanship to drive continuous innovative product launches and gradually increase economies of scaleDrawing on its insights into market trends, the Group has identified innovative product breakthroughs as the core engine for driving future growth. It is committed to developing high value-added products with distinctively differentiated advantages, aiming to stand out from homogeneous competition and enhance its market dominance through value creation. To this end, the Group will fully leverage its leading advantage in Bonding craftsmanship and replicate its previous success in expanding from intimate wear into the sports product segment to make further inroads into the apparel business. The innovative Bonding apparel series developed by the Group has become a flagship development project advanced in collaboration with major sports brand partners, demonstrating enormous market potential. It is poised to become a key driver of the Group’s sustained business growth, further promoting the realization of its overall economies of scale.Deepen upstream collaboration and expand market footprintIn the face of macroeconomic challenges such as trade wars, the Group will continue to deepen collaboration with strategic supply chain partners while actively introducing new, distinctive suppliers to bolster its supply chain network. In terms of geographic market layout, the Group will strive to strengthen its foothold in established markets while accelerating market diversification, with a focus on building partnerships in regions including China, Europe, and Japan. This strategy will achieve a balanced multi-regional layout and enhance the Group’s risk resilience and sustainability potential.Dedication to fulfilling environmental and social responsibilities, joining hands with stakeholders to build a sustainable futureThe Group firmly believes that environmental, social, and governance (ESG) principles are critical to its long-term development. By prioritizing the four key areas of carbon reduction, waste management, sustainable innovation, and people and community, the Group is comprehensively fulfilling its environmental and social responsibilities. Based on its 2030 Agenda for Sustainable Development, the Group is committed to advancing its carbon reduction and energy conservation goals in its operations. During the Year, the Group launched the Science Based Targets initiative (SBTi) and conducted a group-wide carbon audit to prepare for setting targets in alignment with the 1.5 degrees Celsius goal under the Paris Agreement. The Group plans to finalize its science-based decarbonization targets within the next one to two years and develop a roadmap and strategy for achieving net-zero carbon emissions by 2050.Mr. Hung concluded, “Looking ahead to Fiscal 2026, Regina Miracle will continue to focus on core technological innovation and differentiated product categories expansion, while deepening synergistic collaboration with brand partners. Ensuring strict adherence to prudent financial management principles, the Group will rigorously implement cost optimization and efficiency enhancement measures and allocate capital selectively to optimize operational management and internal control mechanisms. The Group will comprehensively advance strategic transformation centered on efficiency-driven initiatives, prioritizing human resource development. The Group aims to strengthen its financial performance by enhancing organizational effectiveness and resource allocation efficiency. It will proactively mitigate market volatility and address environmental challenges through its multi-regional presence across China and Vietnam and its industry chain collaboration. Building on this foundation, we will expand our business scale in a considered manner and continuously consolidate our developmental foundations, while remaining committed to creating long-term value for all stakeholders.”About Regina Miracle International (Holdings) LimitedFounded in Hong Kong in 1998, Regina Miracle International (Holdings) Limited is a global leader in the intimate wear manufacturing industry. By adopting an innovative design manufacturer (“IDM”) business model and building on a diverse technology matrix with three core technologies: computer aided mold design and production, 3D compression molding, and seamless bonding, Regina Miracle is able to develop and produce market-leading products for its long-standing world-renowned brand partners which cover various key sectors comprising intimate wear (including bras, panties, shapewear), bra pads and other accessory products, sports products (including sports bras, functional sports apparel), and consumer electronics components, and facilitate cross-sector and cross-category applications. Copyright 2025 ACN Newswire via SeaPRwire.com.
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XCF Global and Continual Renewable Ventures Announce Memorandum of Understanding to Launch New Rise Australia, a SAF and HVO Platform Powered by XCF ACN Newswire

XCF Global and Continual Renewable Ventures Announce Memorandum of Understanding to Launch New Rise Australia, a SAF and HVO Platform Powered by XCF

Parties negotiating terms of definitive agreementAgreement intended to launch New Rise Australia as a SAF and HVO platform driven by XCF's patent-pending site design and configurationAgreement expected to include equity stake, license fees, and exclusive rights to the Australian marketIntended partnership in line with announced strategy regarding international expansionHOUSTON, TX and SOUTH PERTH, WESTERN AUSTRALIA, June 26, 2025 - (ACN Newswire via SeaPRwire.com) - XCF Global, Inc. ("XCF") (NASDAQ:SAFX), a key player in decarbonizing the aviation industry through Synthetic Aviation Fuel ("SAF"), and Continual Renewable Ventures Pty. Ltd. ("Continual"), an Australian-based company with a focus on advancing SAF and hydrotreated vegetable oil ("HVO"), also known as renewable diesel, today announced the signing of a non-binding Memorandum of Understanding ("MOU") that seeks to launch New Rise Australia Pty. Ltd. ("New Rise AU"), a venture dedicated to the development and commercialization of synthetic aviation fuel projects across Australia.New Rise AU is expected to operate under a licensing agreement that leverages XCF's integrated SAF platform - including patent-pending site design, configuration, and layout that shortens development timelines and improves capital efficiency. Designed for rapid deployment and scalable growth, the first Australian facility is expected to follow the blueprint of XCF's New Rise Reno facility."This partnership underscores the strength of XCF's platform and validates our unique, capital-efficient approach to facility development. Our patent-pending site design and modular configuration give ventures like New Rise AU a strategic head start in high-demand markets," said Mihir Dange, Chief Executive Officer and Board Chair of XCF Global. "The Australian market is primed for SAF growth, with strong regulatory support, rising demand from the aviation sector, and a focus on cutting emissions. We're excited to bring our blueprint to the region and proud to work alongside a team that shares our ambition to accelerate the clean energy transition."Renzo Petersen, Director of Continual, added: "We chose XCF because of their innovative approach to SAF and HVO facility design, which enables faster, more efficient deployment at scale. This partnership gives us a head start in building Australia's next-generation SAF and HVO infrastructure. We're proud to collaborate with XCF to bring SAF and HVO solutions to Australia. Together, we're laying the foundation for a scalable, commercially viable platform that supports Australia's decarbonization goals and positions New Rise AU as a regional leader in sustainable fuel."Today's announcement marks a key milestone in XCF's international expansion strategy and builds on the company's momentum following the recent commissioning of its New Rise Reno facility in Reno, Nevada and listing on the Nasdaq Capital Market.Definitive agreements are expected to be completed in the coming months, with legal, technical, and commercial diligence already underway. However, there can be no assurance that the parties will enter into definitive agreements in a timely manner or at all, or, if definitive agreements are reached, that the terms will be consistent with the terms outlined in the MOU.About XCF Global, Inc.XCF Global, Inc. is a pioneering synthetic aviation fuel company dedicated to accelerating the aviation industry's transition to net-zero emissions. XCF is developing and operating state-of-the-art clean fuel SAF production facilities engineered to the highest levels of compliance, reliability, and quality. The company is actively building partnerships across the energy and transportation sectors to accelerate the adoption of SAF on a global scale. XCF is currently listed on the Nasdaq Capital Market and trades under the ticker, SAFX. To learn more, visit www.xcf.global.About Continual Renewable Ventures Pty. Ltd.Continual Renewable Ventures Pty. Ltd. is an Australian-based company committed to building the infrastructure required to support the long-term decarbonization of the transportation industry in Australia. With a focus on advancing SAF and HVO projects, the company brings together an experienced team of seasoned entrepreneurs, engineers, and Indigenous business leaders who are united by a shared commitment to innovation, sustainability, and economic development.Forward-Looking StatementsThis Press Release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expect", "intend", "will", "estimate", "anticipate", "believe", "predict", "potential" or "continue", or the negatives of these terms or variations of them or similar terminology. These forward-looking statements, including, without limitation, statements regarding XCF Global's expectations with respect to future performance and anticipated financial impacts of the Business Combination, estimates and forecasts of other financial and performance metrics, and projections of market opportunity and market share, are subject to risks and uncertainties, which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by XCF Global and its management, are inherently uncertain and subject to material change. 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. New risks and uncertainties may emerge from time to time, and it is not possible to predict all risks and uncertainties. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: (1) changes in domestic and foreign business, market, financial, political, and legal conditions; (2) unexpected increases in XCF Global's expenses resulting from potential inflationary pressures and rising interest rates, including manufacturing and operating expenses and interest expenses; (3) the occurrence of any event, change or other circumstances that could give rise to the termination of negotiations and any agreements with regard to XCF Global's offtake arrangements; (4) the outcome of any legal proceedings that may be instituted against the parties to the Business Combination Agreement or others; (5) XCF Global's ability to meet Nasdaq's continued listing standards; (6) XCF Global's ability to integrate the operations of New Rise and implement its business plan on its anticipated timeline; (7) XCF Global's ability to raise financing in the future and the terms of any such financing; (8) New Rise's ability to produce the anticipated quantities of SAF without interruption or material changes to the SAF production process; (9) XCF Global's ability to resolve current disputes between New Rise and its landlord with respect to the ground lease for the New Rise Reno facility; (10) XCF Global's ability to resolve current disputes between New Rise and its primary lender with respect to loans outstanding that were used in the development of the New Rise Reno facility; (11) costs related to the Business Combination and the New Rise acquisitions; (12) the risk of disruption to the current plans and operations of XCF Global as a result of the consummation of the Business Combination; (13) XCF Global's ability to recognize the anticipated benefits of the Business Combination and the New Rise acquisitions, which may be affected by, among other things, competition, the ability of XCF Global to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (14) changes in applicable laws or regulations; (15) risks related to extensive regulation, compliance obligations and rigorous enforcement by federal, state, and non-U.S. governmental authorities; (16) the possibility that XCF Global may be adversely affected by other economic, business, and/or competitive factors; (17) the availability of tax credits and other federal, state or local government support; (18) risks relating to XCF Global's and New Rise's key intellectual property rights; (19) the risk that XCF Global's reporting and compliance obligations as a publicly-traded company divert management resources from business operations; (20) the effects of increased costs associated with operating as a public company; and (21) various factors beyond management's control, including general economic conditions and other risks, uncertainties and factors set forth in XCF Global's filings with the Securities and Exchange Commission ("SEC"), including the final proxy statement/prospectus relating to the Business Combination filed with the SEC on February 6, 2025, this Press Release and other filings XCF Global makes with the SEC in the future. If any of the risks actually occur, either alone or in combination with other events or circumstances, or XCF Global's assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that XCF Global does not presently know or that it currently believes are not material that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect XCF Global's expectations, plans or forecasts of future events and views as of the date of this Press Release. These forward-looking statements should not be relied upon as representing XCF Global's assessments as of any date subsequent to the date of this Press Release. Accordingly, undue reliance should not be placed upon the forward-looking statements. While XCF Global may elect to update these forward-looking statements at some point in the future, XCF Global specifically disclaims any obligation to do so.ContactsXCF Global, Inc.:Chris Santa Cruzinvest@xcf.globalFor Media:Fatema Bhabrawalafbhabrawala@allianceadvisors.comSOURCE: XCF Global, Inc. Copyright 2025 ACN Newswire via SeaPRwire.com.
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GA-ASI Announces Investment in Dutch Technology Innovator Arceon ACN Newswire

GA-ASI Announces Investment in Dutch Technology Innovator Arceon

SAN DIEGO, CA, June 27, 2025 - (ACN Newswire via SeaPRwire.com) - General Atomics Aeronautical Systems, Inc. (GA-ASI) announces an investment in another Dutch business, Arceon, following the inaugural Blue Magic Netherlands (BMN) event held in November 2024. GA-ASI is a global leader in unmanned aircraft systems and related mission systems.GA-ASI selected Arceon following a compelling pitch they made during the BMN event and after detailed business and technology discussions with GA-ASI and GA's affiliates, General Atomics Energy and General Atomics Electromagnetic Systems. Arceon joins Emergent Swarm Solutions and Saluqi Motors as companies receiving investment from GA-ASI following the BMN event.Arceon is revolutionizing high-performance ceramic composites through their innovative, fast, scalable, and cost-effective melt infiltration process. Their cutting-edge Carbeon carbon-ceramic components - engineered for applications such as nozzles, nozzle extensions, leading edges, nose caps, and airframes - are tailored to meet the increasing and rigorous demands of the space and defense sectors."We are honored to collaborate with General Atomics in advancing hypersonic development. This milestone marks our official entry into the U.S. defense sector, presenting an extraordinary opportunity to demonstrate our technology on a global stage. We look forward, with great anticipation, to the journey ahead," said Rahul Shirke, founder and CEO of Arceon B.V."We're excited to be working with Arceon," said Brad Lunn, managing director for GA-ASI. "Their technology could have a broad range of applications for GA, from high-temperature engine exhaust materials to hypersonics and fusion containment."At the Blue Magic investment and innovation conference in the Netherlands last November, 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). GA-ASI is delivering eight MQ-9A aircraft to the Royal Netherlands Air Force (RNLAF).GA-ASI is continuing to work with the Dutch government and Dutch industry in supporting the growth of technology innovation in the Netherlands and anticipates holding its second BMN event in Eindhoven later this year. The company hosted its first Blue Magic event in 2019 in Belgium, with subsequent events held in 2020, 2021, and 2023.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®, 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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On Its Centennial: The Occasion of Replacing the Kiswa of the Noble Kaaba Embodies the Kingdom of Saudi Arabia’s Enduring Care for the Two Holy Mosques ACN Newswire

On Its Centennial: The Occasion of Replacing the Kiswa of the Noble Kaaba Embodies the Kingdom of Saudi Arabia’s Enduring Care for the Two Holy Mosques

MAKKAH, SAUDI ARABIA, SA, June 26, 2025 - (ACN Newswire via SeaPRwire.com) - The General Authority for the Care of the Two Holy Mosques, represented by the King Abdulaziz Complex for the Holy Kaaba Kiswa, presided over the occasion of the replacing of the Kiswa on the first day of the month of Muharram (Hijri). This took place within an integrated operational system that reflects the Kingdom of Saudi Arabia's willingness and dedication to serving the Two Holy Mosques-continuing a legacy of over 100 years of care in producing the Kiswa for the Ancient House.Holy KaabaThe Ceremony of Changing the Kiswa of the Holy KaabaThe occasion was conducted with meticulous organisation. As the previous Kiswa was carefully prepared for removal, the new Kiswa was raised and securely fastened to all sides of the Kaaba. Additionally, the door curtain embroidered with golden embellishments, lantern-shaped pieces, the belt, and samadiyah pieces were affixed-a scene embodying high craftsmanship and precision.The King Abdulaziz Complex for the Holy Kaaba Kiswa is the sole specialist entity responsible for the production of the Kiswa. The production stages are carried out within the complex through a precise production process that begins with the purification of water designated for dyeing, followed by automated weaving, printing, embroidery, and assembly. It concludes with quality assurance measures undertaken by 154 skilled Saudi specialists and technicians.During the production of the Kiswa-which weighs up to 1,415 kilograms-high-quality raw materials are utilised, including 825 kilograms of black-dyed natural silk and 410 kilograms of cotton. The Kiswa is embroidered with 120 kilograms of gold thread and 60 kilograms of silver thread. Additionally, it features 54 gold-coated pieces, comprising the belt, Quranic verses, the door curtain, lantern-shaped pieces, and embellishments surrounding the Mizab and corners.The Kiswa is adorned with 68 Quranic verses from 11 surahs, while the door curtain contains 763 words from the Quran. It is secured using 100 precisely positioned ropes, evenly distributed across all four sides of the Noble Kaaba.The Kiswa stands over 14 metres tall and is made up of five main parts-four of which cover each side of the Kaaba, while the fifth forms the door curtain, embroidered with Quranic verses in gold and silver threads, crafted using precise techniques and profound expertise.The occasion of replacing the Kiswa represents a continuation of the legacy established by the Kingdom of Saudi Arabia since the time of its founder, King Abdulaziz bin Abdulrahman Al Saud-may Allah have mercy upon him. It reaffirms the continuation of this blessed legacy under the direct care of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, and his Deputy, His Royal Highness Crown Prince Muhammad bin Salman bin Abdulaziz-may Allah preserve them both. This initiative aligns with the national vision that emphasises excellence in the services provided to the visitors of the Sacred House of Allah.Source: https://alharamain.gov.sa/public/?page=home_enAbout the Authority:An independent body overseeing the Grand Mosque and the Prophet's Mosque.Contact:(+966) 8254241 - (+966) 0148233610Unified Contact Centre: 1966Contact InformationThe General Authority for the Care of the Two Holy MosquesMakkah(+966) 0148233610SOURCE: The General Authority for the Care of The Two Holy Mosques Copyright 2025 ACN Newswire via SeaPRwire.com.
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IBI Announces 23-Fold Surge in Net Profit for FY2025 ACN Newswire

IBI Announces 23-Fold Surge in Net Profit for FY2025

HONG KONG, Jun 26, 2025 - (ACN Newswire via SeaPRwire.com) - IBI Group Holdings Limited (“IBI” or the “Company”, together with its subsidiaries, the “Group”; Stock Code: 1547), a company focused on investments in the built environment, today announced its audited consolidated results for the year ended 31 March 2025 (“FY2025” or the “year under review”).FY2025 was marked by a challenging global economic environment, which placed significant pressure on the construction industry and resulted in highly competitive tendering conditions. At the same time, global trade tensions triggered unexpected volatility, prompting capital flows to shift towards Asia. This trend has begun to invigorate the Hong Kong market and may help to alleviate some of the pressure on Mainland China's manufacturing sector. Coupled with a strong rebound in inbound tourism and improving market sentiment, these developments have contributed to a more optimistic local outlook. The Group remains confident in Hong Kong’s economic prospects and, with its rigorous risk management, effective cost control, and strategic focus on emerging opportunities, is well positioned to navigate the evolving landscape and drive sustainable growth.During the year under review, the Group demonstrated remarkable resilience and delivered a solid financial performance. Profit attributable to the owners of the Company surged around 23.0 times to approximately HK$8.4 million (FY2024: approximately HK$0.4 million). This increase was mainly attributable to improvement in the Building Solutions segment, the recognition of the unrealised profit generated from financial assets at fair value, and the recognition of a significant fair value loss on investment property in the previous year. Basic and diluted earnings per share was HK1.0 cent (FY2024: HK0.0 cents). The Board has recommended the payment of a final dividend of HK0.5 cents for FY2025 (FY2024: HK0.5 cents).Mr. Neil Howard, Chairman and Chief Executive Officer of IBI, said, “Despite the challenging global economic environment, the Group delivered a strong performance in FY2025, with profitability rising significantly. Furthermore, towards the end of the period, the Group successfully secured four large projects with a total value exceeding the entire turnover for FY2025. This notable result highlights the effectiveness of our strategic focus, the depth of our resilience, and our ability to adapt quickly to change. Looking ahead, we will continue to strengthen our business development, respond swiftly to market dynamics, and pursue continuous improvement to drive long-term value creation and deliver sustainable returns to our shareholders.”Business Review1.ContractingIBI provides world-class interior fitting-out and building refurbishment services in Hong Kong and Macau, predominantly acting as the main contractor for clients across many industry sectors. The construction industry remained under pressure for most of the year. Although the Group completed a higher number of projects compared to the previous period, many were smaller in scale, resulting in a decline in turnover. However, through strict cost control and proactive final accounting by the commercial team, the segment delivered a solid set of results despite the challenging environment. During the year under review, the Group recorded profit from contracting of approximately HK$7.4 million (FY2024: approximately HK$15.2 million), completed 12 projects, and was awarded 13 projects.Notably, during the latter part of the period, the Group secured four large projects with a total value exceeding the entire turnover for FY2025. In May 2025, IBI entered into a memorandum of understanding regarding a potential investment in the development of a new central business district covering around 318 hectares in Manila, the Philippines. Leveraging its expertise in construction and project management, the Group will serve as project advisor, overseeing the project and providing professional advice on construction, procurement, and progress. This collaboration supports the Group’s long-term strategy and, if realised, could diversify its income streams and support long-term growth. These projects will lay a strong foundation for FY2026.In Macau, IBI secured its first project since resuming operations. The Group is actively rebuilding relationships with previous clients and aggressively tendering for new projects.2.Building SolutionsThe Group’s subsidiary, Building Solutions Limited (“BSL”), which provides products and services that enhance the performance and well-being of the built environment in order to provide modern, healthy and high-performing spaces for occupants, recorded a significant and continued improvement in its performance. During the year under review, BSL recorded a segment profit of approximately HK$0.6 million (FY2024: segment loss approximately HK$0.3 million), with sales revenue increasing by 58.2% year on year. BSL achieved profitability during FY2025, marking a significant milestone for the start-up. With continued research and identification of new products, the Group believes that the division’s reputation for delivering high-quality building products and services will achieve further growth.3.Strategic InvestmentsThe Group’s strategic investment division was established to efficiently allocate capital into new market sectors and expand its presence in the built environment. During the year under review, the strategic investments division of the Group recorded a segment profit of approximately HK$0.9 million (FY2024: segment loss approximately HK$3.2 million), which was realised from an unrealised fair value gain on its investment in a large real estate investment trust, a Hong Kong-listed company that owns and manages a diversified and high-quality portfolio. Regarding the assets in Japan, specifically the plots of land in Kutchan, Hokkaido, the Group is continuing to analyse the optimum strategy for the site, and is considering expanding the project, as the analysis indicates that a larger-scale development could provide significant economies of scale and a far greater return on investment. Moving forward, the Group will continue to explore potential investment opportunities and looks forward to announcing further successes in this area.4.Property InvestmentsThe Group’s property investment subsidiary focuses on purchasing physical real estate to generate additional income and expand the Group’s geographical presence. The property investment division of the Group recorded a segment profit of approximately HK$2.5 million for FY2025 (FY2024: segment loss approximately HK$8.1 million), maintaining a steady performance and a 100% occupancy rate. During the year under review, the Group engaged a planning architect to survey the West Wing rooftop area and prepare an initial design for additional commercial space. The Group then held a pre-planning meeting with the local government planning office, which gave positive feedback and indicated that it would not object to the construction of an additional floor. This addition would create 2,500sq ft of tenantable space, which is expected to have a positive impact on the property’s valuation.About IBI Group Holdings Limited (stock code: 1547)IBI Group Holdings Limited is a publicly listed holding company on the Hong Kong Stock Exchange, focused on investments in the Built Environment. The Group’s investments whilst principally centering around the role of contracting, include businesses providing innovative, high quality manufacturing and supply solutions across a diverse range of the built environment. Our mission is to deliver premium products, services and customer experiences with a strong influence of innovation, sustainability and wellness. For more information, please refer to IBI’s website: https://ibighl.com/. Copyright 2025 ACN Newswire via SeaPRwire.com.
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Galaxy Payroll Partners with CURRENC to Integrate AI and Stablecoin Technology in HR Solutions ACN Newswire

Galaxy Payroll Partners with CURRENC to Integrate AI and Stablecoin Technology in HR Solutions

HONG KONG, Jun 25, 2025 - (ACN Newswire via SeaPRwire.com) - Galaxy Payroll Group Limited (NASDAQ: GLXG, “Galaxy Group”), a leading global payroll provider, announced today the signing of a Memorandum of Understanding (MOU) to jointly develop innovative AI-powered HR solutions. The partnership will combine Galaxy's payroll expertise with CURRENC's artificial intelligence technology to create advanced tools for modern workforce management.The cooperation, as outlined in the MOU, will focus on the development of two key modules that leverage the combined strengths of both parties. The “AI HR & Payroll Manager” will integrate Galaxy's extensive payroll expertise with CURRENC's advanced AI capabilities to streamline and enhance HR and payroll operations. This module will also introduce cryptocurrencies, particularly stablecoins, as a payment option for payroll processing, aligning with the growing trend of digital payments and offering clients a more efficient and secure payment alternative.The “AI Recruitment Manager” will utilize data-driven automation technology to optimize the recruitment process, providing intelligent candidate screening and automated interview scheduling. This system aims to help enterprises accurately match talents with job requirements, significantly improving the efficiency and effectiveness of their recruitment processes. Together, these modules will not only enhance operational efficiency but also provide clients with innovative solutions that address modern workforce challenges.Speaking of the strategic significance of this cooperation, Wai Hong Lao, Chairman and Chief Executive Officer of Galaxy Payroll Group, said, “Integrating stablecoins into our AI-driven HR product suite represents a dual innovation. It not only keeps pace with the current trend of digital payments but also enhances operational efficiency for our multinational clients, helping them achieve HR management upgrade in the digital era.”Alex Kong, Founder and Executive Chairman of CURRENC, stating, “By combining Galaxy’s professional payroll service advantages with our accumulated AI technology in the financial field, we are confident in creating next-generation HR tools that can meet the challenges of today’s labor market and provide enterprises with more competitive solutions.”About CURRENC Group Inc.CURRENC Group Inc. (Nasdaq: CURR) is a fintech pioneer dedicated to transforming global financial services through artificial intelligence (AI). The Company empowers financial institutions worldwide with comprehensive AI solutions, including SEAMLESS AI Call Centre and other AI-powered Agents designed to reduce costs, increase efficiency and boost customer satisfaction for banks, insurance, telecommunications companies, government agencies, cryptocurrency exchanges and other financial institutions. The Company’s digital remittance platform also enables e-wallets, remittance companies, and corporations to provide real-time, 24/7 global payment services, advancing financial access across underserved communities.About Galaxy Payroll Group LimitedGalaxy Payroll Group Limited is a leading payroll outsourcing service provider based in Hong Kong. The company specializes in delivering HR and payroll solutions to multinational companies across various industries. With a focus on innovation and client satisfaction, GLXG operates in Hong Kong, Taiwan, Macau, and the PRC, offering payroll outsourcing, employment services, and consultancy to businesses of all sizes.For more information, please visit Galaxy Payroll Group's website: www.galaxyapac.com.Forward-Looking StatementsMatters discussed in this press release may constitute forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. The words "believe," "anticipate," "intends," "estimate," "potential," "may," "should," "expect" "pending" and similar expressions identify forward-looking statements. The forward-looking statements in this press release are based upon various assumptions. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations.For enquiry, please contact Intelligent Joy Limited:Karen DengPhone: (852) 3594 6407Email: pr-team@intelligentjoy.com Copyright 2025 ACN Newswire via SeaPRwire.com.
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China Medical System Holdings Limited: Proposed Secondary Listing on the Singapore Exchange ACN Newswire

China Medical System Holdings Limited: Proposed Secondary Listing on the Singapore Exchange

SHENZHEN, June 25, 2025 - (ACN Newswire via SeaPRwire.com) - The board of directors of China Medical System Holdings Limited (the “Company”, together with its subsidiaries, the “Group”) announces the proposed secondary listing of the Company’s ordinary shares (“Shares”) on the Singapore Exchange Securities Trading Limited (the “SGX-ST”) by way of introduction (the “Proposed Secondary Listing”). The Proposed Secondary Listing, if proceeded, will not involve issuance of new shares, and the Shares will continue to be primarily listed and traded on the Hong Kong Stock Exchange thereafter.The Company has submitted, on a confidential basis, an application to the SGX-ST in relation to the Proposed Secondary Listing. As of the date of this announcement, the Company has not received the eligibility-to-list letter (“ETL”) from the SGX-ST in respect of the Proposed Secondary Listing.On June 24, 2025, the Company received the Notice of Overseas Issuance and Listing Filing from the China Securities Regulatory Commission (the “CSRC”) in respect of the Proposed Secondary Listing.The Directors believe that upon completion of the proposed secondary listing on the SGX-ST, the Group will be able to attract funds focusing on Asia-Pacific investments and local capital in Southeast Asia, thereby optimizing the shareholder structure. At the same time, it will also have a more profound impact on the Group’s business development in Southeast Asia and the Middle East. The Group has established Singapore as its regional headquarters for its Southeast Asia and Middle East business, and has set up companies in Singapore covering the entire pharmaceutical value chain of R&D, manufacturing, commercialization and investment, including CMS R&D as the international independent R&D company, PharmaGend as the pharmaceutical manufacturing CMO/CDMO company, Rxilient as the pharmaceutical development, registration and commercialization company, and Singapore Venture Capital as the industrial investment company. These companies work together to provide Southeast Asian patients with more high-quality and affordable treatment options, contribute to the development of the pharmaceutical industry chain in Southeast Asia, enhance the Group’s global reputation and market position, promote the implementation of the Group’s “Glocalization” strategy, and bring additional growth to the Group.The Company will make further announcements with respect to the Proposed Secondary Listing as and when necessary in compliance with the applicable laws and regulations.The Proposed Secondary Listing is subject to the SGX-ST granting an ETL and the fulfilment of any conditions set out in the ETL. As such, there is no assurance that the Proposed Secondary Listing will proceed to completion. Shareholders and potential investors of the Company are advised to exercise caution when dealing in the securities of the Company.About CMSCMS is a platform company linking pharmaceutical innovation and commercialization with strong product lifecycle management capability, dedicated to providing competitive products and services to meet unmet medical needs.CMS focuses on the global first-in-class (FIC) and best-in-class (BIC) innovative products, and efficiently promotes the clinical research, development and commercialization of innovative products, enabling the continuous transformation of scientific research into clinical practices to benefit patients.CMS deeply engages in several specialty therapeutic fields, and has developed proven commercialization capabilities, extensive networks and expert resources, resulting in leading academic and market positions for its major marketed products. CMS continues to promote the in-depth development of its advantageous specialty fields and expand business boundaries. While strengthening the competitiveness of the cardio-cerebrovascular/gastroenterology business, CMS independently operates its skin health and ophthalmology businesses, aiming to gain leading positions in specialty therapeutic fields, whilst enhancing the scale and efficiency. At the same time, CMS has expanded its business territory to the Southeast Asian market, striving to become a "bridgehead" for global pharmaceutical companies to enter the Southeast Asian market, further escorting the sustainable and healthy development of the Group.CMS Disclaimer and Forward-Looking StatementsThis press release is not intended to promote any products to you and is not for advertising purposes. This press release does not recommend any drugs, medical devices and/or indications. If you want to know more about the diagnosis and treatment of specific diseases, please follow the opinions or guidance of your doctor or other medical and health professionals. Any treatment-related decisions made by healthcare professionals should be based on the patient’s specific circumstances and in accordance with the drug package insert.This press release which has been prepared by CMS does not constitute any offer or invitation to purchase or subscribe for any securities, and shall not form the basis for or be relied on in connection with any contract or binding commitment whatsoever. This press release has been prepared by CMS based on information and data which it considers reliable, but CMS makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this press release. Certain matters discussed in this press release may contain statements regarding the Group’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. Any forward-looking statements and projections made by third parties included in this press release are not adopted by the Group and the Company is not responsible for such third-party statements and projections.Media ContactBrand: China Medical System Holdings Ltd.Contact: CMS Investor RelationsEmail: ir@cms.net.cnWebsite: https://web.cms.net.cn/en/home/Source: China Medical System Holdings Ltd. Copyright 2025 ACN Newswire via SeaPRwire.com.
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Investing News Network Strengthens Australian Presence with Appointment of Industry Veteran John Phillips ACN Newswire

Investing News Network Strengthens Australian Presence with Appointment of Industry Veteran John Phillips

Perth, Australia--(ACN Newswire via SeaPRwire.com - June 25, 2025) - The Investing News Network (INN), a global leader in independent news and investor education focused on publicly listed companies, is pleased to announce the appointment of John Phillips as Country Head, Australia. This strategic hire underscores INN's ongoing commitment to supporting Australian-listed companies and connecting them with a growing base of active, informed investors.Phillips brings more than two decades of media, financial publishing and investor engagement experience. His deep industry knowledge and trusted reputation in Australia's capital markets will be instrumental as INN expands its reach and services across the region."Australia remains one of the world's most dynamic markets for early-stage and resource-focused public companies. We're committed to providing these issuers with the tools and exposure they need to reach global investors," said Chris Hogg, Chief Revenue Officer of INN. "Bringing John on board represents a major step forward in that mission. His expertise and relationships across the sector will allow us to deliver even greater value to our clients and our audience."INN has operated in Australia since 2017 and continues to grow its audience of retail investors interested in commodities, technology, life sciences and more. The network produces original news, interviews and investor reports that help demystify complex sectors and improve access to credible company insights."This is a unique opportunity to help grow a trusted brand with a global footprint and bring greater visibility to the incredible innovation happening across the ASX," said Phillips. "I'm excited to join INN and help strengthen its position as a key bridge between companies and investors."For more information on INN's services or its expansion in Australia, please visit www.investingnews.com or contact:John Phillips+61 431 597 771jphillips@investingnews.comAbout Investing News NetworkThe Investing News Network (INN) is a destination for trusted, independent news and education for investors exploring the public markets. With sector-specific coverage and direct access to company insights, INN helps investors make informed decisions - and helps public companies improve visibility and attract shareholder interest.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/256806 Copyright 2025 ACN Newswire via SeaPRwire.com.
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PCG Showcases at HOFEX 2025 and HK Tech 300 Expo in May 2025, Driving Digital Transformation for Merchants ACN Newswire

PCG Showcases at HOFEX 2025 and HK Tech 300 Expo in May 2025, Driving Digital Transformation for Merchants

HONG KONG, Jun 25, 2025 - (ACN Newswire via SeaPRwire.com) - The Payment Cards Group Limited (“PCG”), a cloud-native payment processor and acquirer, and its members have continued to deepen diversified development this year, actively promoting innovation in payment technology and social inclusion. In May 2025, PCG’s digital payment acceptance business, Yedpay, showcased the new “Pay & Take” one-stop merchant payment solution in collaboration with Mobile.Cards at HOFEX 2025, Asia’s Leading Food & Hospitality Tradeshow. Meanwhile, BBMSL, the payment solutions provider under PCG, once again served as the official payment partner for Ginsanity Hong Kong 2025, the largest gin festival in Hong Kong. Additionally, A3A, PCG’s startup business and Asia’s first cloud-based payment processing and settlement platform, was invited to participate in the “HK Tech 300 Expo,” a large-scale innovation and entrepreneurship exhibition hosted by City University of Hong Kong (CityUHK). While expanding its business, PCG has remained committed to philanthropy. It sponsored the Hong Kong Society for Rehabilitation 30th Anniversary Charity Dinner to promote social inclusion. Furthermore, PCG has recently moved into a new office, marking a new chapter in corporate development.Yedpay joins forces with partners to drive digital transformation for merchantsFollowing the launch of the “DBS MAX Merchant Solutions,” a one-stop solution for managing sales operations developed in collaboration with DBS Bank (Hong Kong) Limited (“DBS Hong Kong”) in 2024, Yedpay and DBS Hong Kong were invited to the Hong Kong Retail Technology Industry Association (RTIA) networking lunch on May 7 to introduce the solution to the retail technology community. By leveraging the strengths of Yedpay and DBS Hong Kong, the “DBS MAX Merchant Solutions” streamlines payment collections and enhances operational efficiency for merchants, offering POS settlements as quickly as 1 business day* after transactions exclusively for customers of the solution.From May 14 to 16, Yedpay and Mobile.Cards showcased the “Pay & Take” one-stop merchant payment solution at HOFEX 2025. By integrating seamless digital payment and settlement services from Yedpay and “DBS MAX Merchant Solutions” with Mobile.Cards’ membership system and e-commerce app, “Pay & Take” helps merchants enhance customer experience, strengthen customer loyalty, and leverage big data to develop more effective marketing strategies.BBMSL partners with Ginsanity Hong Kong 2025 to promote cashless paymentsIn addition to promoting innovative payment solutions, PCG’s members have continued to support Hong Kong’s mega-event economy. This year, BBMSL once again served as the official payment partner for Ginsanity Hong Kong 2025, the largest gin festival in Hong Kong. From May 16 to 17, BBMSL provided digital payment services for food and beverage stalls at PMQ in Central, allowing attendees to enjoy quick and seamless cashless payments with a simple tap.A3A showcases leadership in payment technology at HK Tech 300 ExpoPCG’s innovation capabilities have continued to receive widespread recognition and support. PCG’s startup business, A3A, was invited by CityUHK to participate in the large-scale innovation and entrepreneurship exhibition “HK Tech 300 Expo,” held from May 23 to 24. At the expo, A3A showcased its latest innovations and explored future opportunities in FinTech, forging valuable connections for potential partnerships and investments. A3A’s ongoing developments highlight PCG’s strong innovation capabilities in the FinTech arena.PCG practices corporate social responsibility to foster social inclusionIn addition to enhancing the payment ecosystem and supporting Hong Kong’s economic development through innovative payment technology, PCG Group is also dedicated to promoting social inclusion. On May 24, PCG proudly sponsored the Hong Kong Society for Rehabilitation 30th Anniversary Charity Dinner, uniting the community and raising public awareness about people with disabilities. At the event, Culturecom Holdings Limited (0343.HK) generously donated five precious artworks created by the "Godfather of Hong Kong Comics,” Mr. Tony Wong Yuk-long for charity auction, which generated tremendous excitement among attendees. Yedpay facilitated seamless digital payments for auction and raffle tickets through secure, contactless transactions. Many attendees embraced digital payments over cash, underscoring the smooth and convenient experience. Adding to the spirit of generosity, BBMSL contributed to the evening’s success by providing special gifts for attendees, encouraging continued support for the disabled community.Looking ahead, PCG will continue to actively engage in charitable activities and strive to give back to the community. While advancing its development in the digital payment industry, PCG remains dedicated to its corporate social responsibility and to promoting an inclusive society.Relocation to new office marks a new chapter in corporate developmentTo enhance the Group’s services and create a more dynamic work environment, PCG officially moved into a brand-new office on May 19, while BBMSL began its relocation to the new office on June 2. PCG sincerely thanks all partners and customers for their continued support. This relocation marks a significant milestone in PCG’s development. Moving forward, PCG and its members remain committed to serving merchants and working together towards a brighter future.PCG New Address:Suites 601-2 & 10-14, 6/F, North Tower, World Finance Centre, 19 Canton Road, Harbour City, Tsim Sha Tsui, Kowloon, Hong Kong*Only be applicable to offline transactions completed through Yedpay POS Device and is subject to the actual cases of individual merchants and Yedpay’s final review. 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 SiuTel: (852) 9121 8145Email: alice.siu@a3a.globalAJA (IR and Communications)Avy YuTel: (852) 9500 4443Email: avy.yu@ajacapital.com.hk / info@ajacapital.com.hk Copyright 2025 ACN Newswire via SeaPRwire.com.
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3rd ASEAN Procurement Innovation Summit & Awards 2025 ACN Newswire

3rd ASEAN Procurement Innovation Summit & Awards 2025

KUALA LUMPUR, MALAYSIA, June 25, 2025 - (ACN Newswire via SeaPRwire.com) - The 3rd edition of the ASEAN Procurement Innovation Summit & Awards (APIS25) concluded on a high note, affirming its role as the region’s most influential platform for procurement, supply chain, and sourcing professionals. Over two packed days, more than 250 delegates came together to explore transformative strategies, disruptive technologies, and leadership approaches shaping the next generation of procurement.A Strategic Platform for Innovation and InsightUnder the theme “The Next Frontier in Procurement Excellence: Elevating Standards, Driving Results, Shaping the Future”, APIS25 featured a forward-looking agenda built around five strategic pillars: AI adoption, ESG integration, digital procurement, supply chain resilience, and talent development.The summit hosted high-level keynotes, Oxford-style debates, real-world case studies, fireside chats, and panel discussions—offering attendees deep insights into the evolving role of procurement in driving organizational value and societal impact.Session HighlightsAI in Procurement & Resilient ContractingNorlela Tukiban (Telekom Malaysia) shared how AI-powered contract intelligence is redefining supplier risk, spend agility, and compliance.Oxford Debate: Long-Term Value vs. Cost SavingsModerated by Jan Piskadlo (Ben Line Group) and featuring Luke Kenny, Dr. Sanjay Kumar Gupta, and Alwaleed Alabdulwahed, this lively session dissected the trade-offs between short-term gains and long-term strategic value.Oxford Debate Stage: Is Generative AI Truly Transforming Procurement?An engaging session moderated by Zyad Khan (Dubai World Trade Centre) brought together top thinkers including Rym Khelil (SLB), Carl Kimball (Zycus), Jan Piskadlo (Ben Line Group), and Nisa Camalia (CBRE Asia Pacific) to evaluate the real-world potential of generative AI in procurement.Supply Chain Evolution: Nearshoring & ResilienceA dynamic panel explored regional strategies to navigate disruption, enhance transparency, and foster local sourcing.Digital Procurement TransformationIn partnership with Gold Sponsor Zycus, this session demonstrated how next-gen automation and predictive analytics are revolutionizing sourcing operations.Celebrating Excellence: ASEAN Procurement Awards 2025The highly anticipated ASEAN Procurement Awards recognized organizations and professionals driving impactful change across leadership, ESG, innovation, and transformation.Award Winners:EDOTCO Group – Leaders in Procurement Transformation for Resilient Supply ChainsBIOCON – Visionaries in Sustainable Supply Chain ExcellenceShell Malaysia – Future Leader of the Year & Supply Chain Initiative of the Year (Derrick Lopez)PERKESO – Women in Procurement Award (Fadhilah Binti Hamil)Tahakom – Procurement Innovation Award (Alwaleed Alabdulwahed)Dubai World Trade Centre – Highly Recommended: Leaders in Procurement Transformation for Resilient Supply ChainsAward SpotlightJayaprakash Krishnan, Head of Group SCM Shared Services at EDOTCO Group, delivered a high-impact presentation showcasing how EDOTCO’s strategic transformation elevated procurement from a transactional role to a future-ready value driver.A Heartfelt Thank You to Our Advisory PanelThe success of APIS25 was anchored by the guidance of our respected Advisory Board:Dr. Christina SS Ooi, Luke Kenny, Jonathan Cheung, and Yang Chor Leong. Their behind-the-scenes leadership ensured the integrity, relevance, and rigor of the summit and awards.Voices that Moved the RoomWe thank our inspiring speakers including Tom Bollen, Dr. Christina SS Ooi, Rachael Bah, Jonathan Cheung, and Luke Kenny, whose insights and authenticity elevated conversations and ignited new thinking.Lucky Draw & Community MomentsThe summit closed with an energizing Lucky Draw hosted by Chairperson Tom Bollen, leaving attendees with unforgettable memories and generous giveaways.Thank You to Our Sponsors, Exhibitors & PartnersA heartfelt thank you to the sponsors and partners who helped bring this vision to life:Platinum Sponsor: GEPGold Sponsors: Zycus, iCertis, Bahwan CyberTek, Green TapeSilver Sponsor: SPEEDExhibitors: SAIBA International, Esker, Lapasar, Olive Technologies, JSOFT SolutionYour unwavering commitment to innovation and collaboration was key to APIS25’s impact and reach.To our Supporting Associations and Media Partners, thank you for amplifying our mission, championing innovation, and connecting us to wider communities across the region. Your collaboration helped us reach new heights.Together, we’ve sparked conversations, celebrated excellence, and shaped the future of procurement in ASEAN.Looking ForwardAPIS25 wasn’t just an event, it was a movement toward procurement excellence across ASEAN. As we continue to shape the future of procurement, we remain committed to collaboration, capability-building, and community impact.See you at APIS26!For more information, please contact:Amina KanteSenior Marketing ManagerCT Event AsiaPhone: +601161888699Email: aminak@cteventasia.com Website: https://www.aseanprocurementsummit.com/requestRegistration: www.aseanprocurementsummit.com/request Copyright 2025 ACN Newswire via SeaPRwire.com.
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