HONG KONG, Mar 29, 2025 - (ACN Newswire via SeaPRwire.com) - Mobvoi (02438.HK) (hereinafter referred to as “the Group”) released its 2024 annual results report. The Group's pure software product, AIGC, generated a revenue of over RMB220 million (unit: RMB, the same below), representing a year-on-year growth of 88.5% compared with 2023, and has truly achieved pure software, high gross profit and internationalization.In terms of total revenue, for the year ended December 31, 2024, the Group's revenue amounted to RMB390.3 million, representing an increase of 6% as compared to the corresponding period in 2023 (after deducting the revenue from the IP arrangement of Automobile Subsidiary A). Of which, revenue from AIGC solutions amounted to RMB221.7 million, revenue from AI solutions amounted to RMB16.4 million and revenue from smart devices and other accessories amounted to RMB152.2 million.Pure Software Product AIGC Revenue Exceeds RMB220 Million, Realizing Sustainable Growth of AIGC Business ModelAs the Group's core business, the AIGC business has maintained strong growth in recent years. This is attributable to the Group's proactive adjustment of its business and revenue strategy away from increasing traditional AI project-based revenue (such as the business of Automobile Subsidiary A) and fully engaging in the sustainable growth of pure software AIGC productization business. For the years ending December 31, 2021, 2022, 2023 and 2024, AIGC revenue amounted to RMB6.8 million, RMB39.9 million, RMB117.6 million and RMB221.7 million respectively, accounting for 1.7%, 8.0%, 23.3% and 56.8% of the Group's total revenue respectively. It is worth mentioning that the Group's AIGC business grew by 88.5% year-on-year compared to 2023, truly achieving pure software, high margins and internationalization, and the Group has become the “No. 1 AIGC Company”.The growth of the AIGC business is attributable to the Group's pioneering technologies and the increasingly rich application of AIGC products. 2024 saw the Group's continuous efforts in the areas of AI intelligences, big models and digital people, and the formation of a complete matrix of AIGC products: AI dubbing assistant “Moyin Workshop” (the overseas version of “DupDub”), AI digital human doppelganger “Weta365” (the overseas version of “LivGen”), an enterprise AI interactive digital employee generation platform “AI Ask365”, and an AI video creation platform “Yuan365”, etc.Meanwhile, with business refinement, operational capability and brand influence further enhanced. As of December 31, 2024, the Group's AIGC will have more than 10 million registered users and more than 1 million paid users, and will continue to provide services to users from China, North America, Europe, Southeast Asia and other parts of the world.Adhering to the strategy of “product and model integration”, constantly breaking through the boundary of innovation“Product and model integration” has enabled AI application companies to increase their modeling capabilities. The Group is one of those companies that have taken “product and model integration” as a strategic guideline to build data and product barriers on the basis of advanced models (such as “Sequence Monkey” and DeepSeek).On the one hand, “product and model integration” can greatly improve efficiency, self-developed models can quickly respond to their own product needs, cost savings, private customization; on the other hand, the “data flywheel” effect can be formed, through the data to promote the product and the model of the dual self-iterative.From the model level, the Group insisted on model capability iterations in 2024, leading industry breakthroughs in AI intelligences, voice, digital people, video and images.For example, the Group has continuously upgraded the technology of its voice model engine, which has now been iterated to the seventh generation (TicVoice 7.0), and after applying it to “Moyin Workshop” and “DupDub”, not only does the product have supernatural voice cloning and cross-language generation capabilities, but also can be customized to meet the needs of users with boutique-exclusive voices.In the field of digital human, the Group released WetaAvatar 4.0, AI video dubbing and WetaAvatar 4.0 Talking Photo in 2024, which further upgraded Weta365's capabilities. “The case video of Weta365's cooperation with Yiwu Small Commodities once dominated New York's Times Square. In the future, both parties will bring better technical services to over 65,000 small merchants, truly enabling business without boundaries.In the area of AI intelligent bodies, the Group has continued to make in-depth efforts in the area of AI Agent and has landed a product that integrates big model, embodied intelligence and AI Agent, “Xiaoqian Mobile Digital Man”. It has a flexible and mobile body that can realize intelligent following, self-defined route cruising and intelligent obstacle avoidance. At the same time, it is equipped with leading models such as ““Sequence Monkey”” and “DeepSeek” to realize intelligent Q&A.In the future, the Group will continue to adhere to the core strategic anchor of “product and model integration” and promote the deep integration of technology and scenarios, so as to become a global benchmark practitioner of synergistic innovation between products and models.Continuing to build overseas products and focusing on globalized ecological layoutThe Group has a strong overseas gene and has accumulated valuable global business development experience, sales team and media resources during the early years of its hardware overseas products.In 2024, on the one hand, the Group upgraded its overseas AI dubbing product “DupDub”, which was highly recognized by creators from around the world. On the other hand, the Group launched “LivGen”, a one-stop digital human generation platform, which not only brings the ultimate creative experience to creators, but also helps enterprises build “24-hour AI staff without borders” with its rich digital human images and multilingual advantages, thereby realizing cost reduction and efficiency enhancement.In addition to building global products, the Group also focuses on global ecological deployment, and has become partners with international companies such as NVIDIA, Google, Qualcomm, DingTalk, Hicloud and Tencent Cloud to help the industry's ecological development.Fully embrace the AIization of organizations and be the forerunner of the smart business eraThe Group believes that “Organizational AI” will become the core path of enterprise evolution. In this regard, the Group will continue to promote the dual leap of organizational and product AI.Relying on its own technology, the Group will allow AI to penetrate into the operation and management of the organization through data infrastructure, the establishment of Agent workflow, and organizational transformation, so as to enhance the collaboration between AI and human beings, and allow AI to promote the innovation of production relationship and exponentially increase productivity.Looking ahead, the Group will build an AGI-driven future with its “product and model integration” strategy, a healthy and sustainable business model, and an open global ecosystem that anchors long-term value. Copyright 2025 ACN Newswire via SeaPRwire.com.

Financial Highlights (Audited)(HKD Thousand)Year ended 31 December20242023ChangeRevenue271,372262,801+3%Gross Profit104,72090,666+16%Profit Attributable to Owners of the Company33,44021,338+57%Gross Profit Margin39%34%+5 p.p.Basic Earnings per Share (HK cents)2.371.62+0.75HK centsHONG KONG, Mar 29, 2025 - (ACN Newswire via SeaPRwire.com) - Dynasty Fine Wines Group Limited (“Dynasty” or “the Group”) (Stock Code: 00828), a premier grape winemaker in China, today announced its audited annual results for the year ended 31 December 2024 (“the Year”).In 2024, due to the improvement of sales benefited from the gradual economic recovery and continuous innovation in product and consumption scenarios of the Group, the revenue of the Group increased by 3% year-on-year to HK$271 million. And due to other gains arising from emoluments of certain former directors waived of approximately HK$12.2 million, the Group’s profit attributable to owners of the Company increased by 57% year-on-year to HK$33.4 million. Earnings per share of the Company (the “Share”) was HK2.37 cents per Share. The Board recommends resumption of dividend distribution and a final dividend of HK 0.35 cents per share for the year 2024.Sales of white wine products grew well over the year and served as the Group’s primary revenue contributor. Sales of red and white wines products accounted for approximately 41% and 56% for the year (2023: red and white wines: approximately 52% and 44%). The gross margin of red wine products and white wine products in 2024 were 37% and 41% respectively (2023: 32% and 38% respectively). The overall gross profit margin increased to 39% in 2024 (2023: 34%), mainly due to control in production costs and reduction in certain reimbursement of market expenses under sales arrangement during the year.The Group completed the development of the first phase of Tianxia Winery and its ancillary premises, located in the Pigeon Hill Wine Cultural Tourism Town in Qingtongxia City, Ningxia, in the third quarter of the year. The winery is situated nearby Eastern foothill of Helan mountain, Ningxia, which is one of the key quality grape producing regions in the PRC. It integrates pressing, fermentation, processing, testing and research and development as a whole, with an annual production and processing capacity of 5,000 tonnes. Pressing, fermentation, processing facilities had a pre-run in the third quarter of the year. The winery will become a new long-term and stable economic growth point of the Group and help the regional presence and layout of Dynasty wines, as well as aligning with the overall planning and industry planning for the development of China’s wine industry.During the year, the Group approved the set up of two joint venture companies, which have been established in February 2025, for the manufacturing and sales of yellow wine and Chenpi wine in Dongtai City, Jiangsu Province, the PRC and trading of sauce-flavour baijiu products nationwide respectively. For the yellow wine project, construction of a manufacturing plant with a tank capacity of 3,000 tonnes of yellow wine and special yellow wine – Chenpi wine in Jiangsu will be kick-started by the joint venture company in the first half of 2025. The plan starts with special yellow wine – Dongtai Chenpi Wine with a goal to effectively expand product categories, seize development opportunities in the Chinese yellow wine industry, and achieve a major strategic move towards high-quality development of the wine industry. For the sauce-flavour baijiu segment, Dynasty Group’s strategic involvement in this field is an attempt to break through the current wine category innovation. By integrating upstream and downstream related parties to jointly establish a new company, we construct a business model of benefit sharing, risk sharing, continuous cooperation and innovation mechanism. Dynasty sauce-flavour baijiu products, namely ‘Han’, ‘Tang ’, ’Song ’ and ‘Ming ’ are newly launched to the market, satisfying the needs of customer groups with different spending habits and contributing to the Group’s business. In the future, the continuous development and expansion of the sauce-flavour baijiu industry and the enduring improvement of the level of customer groups will inevitably and effectively drive the increase in the sales scale of Dynasty wine and related products, thereby enhancing our industry influence and brand awareness.The Group has been actively pursuing innovation, embracing the “5+4+N” product strategy, with “N” standing for developing various customised products and continuously creating new products to meet the diverse needs of different Chinese consumer groups. During the year, the Group launched a new high-end product, i.e.Dynasty Chinese Zodiac Commemorative Dry Red Wine for the Jia Chen Year of Dragon, integrating the high quality wine with the Chinese zodiac culture and the leading rise of Chinese-style fashionable products. In addition, based on its existing high-quality products, the Group continues to introduce new products and promote product upgrades. It launched a new product, Inherit Series “Passing on the Glory, Continuing the Brilliant Heritage”, at the 110th China Food & Drinks Fair in March 2024, as well as other new products launched in the year such as Long Yun Series, Cabernet Reserve, etc., to further improve its product matrix and provide consumers with diverse consumption choices. With leading and well-proven technologies it prides, the Group carried out comprehensive upgrade of its production techniques, packaging design, etc. With China chic on the rise, the new upgraded design is set to resonate with Chinese consumers who are proud of their culture, help strengthen awareness of the Dynasty brand and attract mainstream consumers fancying China-made products and China chic.In addition to enriching the product matrix, the Group has been accelerating the innovation of consumption scenarios and enhancing and strengthening the wine cultural experience. In June and July 2024, Dynasty Starry Wine Bars were officially opened in Tianjin, the base of Dynasty. Starry Wine Bar is a pop-up offline bar meticulously designed by Dynasty to innovate the product experience, meet the diversified needs of consumers, and create new consumption scenarios in the country. It is committed to making consumers feel the warmth of the brand and recognise the value of the brand, thereby attracting more consumers through innovation. During the year, the Group continued to develop the “Dynasty Tavern” through online channels, creating a series of product promotion articles on the WeChat official account of Dynasty Wines, and promoting Dynasty’s major mainstream products using new media formats. In addition, it integrated the night market environment to expand various wine drinking scenarios and promote Dynasty’s younger products.Regarding online sales, the e-commerce team of the Group comprehensively operates online stores itself on the traditional ecommerce platforms, such as JD.com , Tmall and Pinduoduo for product sales, as well as comprehensive innovation on its brand, product categories, and business systems, procedures and models via interest-based e-commerce platforms, including Rednote , Kuai and TikTok during the year. The Group continues investing resources in a timely manner for improvement of the online sales channels and optimisation of online stores interface so as to capture the change of customer consumption behaviour in the PRC. During the year, the Group kept promoting the exclusive products series for e-commerce platforms through channels such as live streaming or broadcasting, in addition to mere presence on mainstream traditional e-commerce platforms which kept growing. Efforts have been made by the Group to consolidate the existing channels and improve their effectiveness as well as the profitability on its interest-based e-commerce coverage. Thus, the e-commerce sales consolidated with a certain decrease during the year, but a prominent improvement has been made with an overall profit achieved when compared with last year. The Group believes that the online platforms not only serve as business-to-customer trading platforms between the Group and the consumers, but also additional marketing and promotion channels for the brand, which can enhance the overall business potential of the Group.Mr. Wan Shoupeng, Chairman of Dynasty, concluded, “Looking ahead to 2025, the Group will continue to focus on market and consumer demand, reinvent consumption scenarios and promote product quality. At the same time, the Group will continue to innovate marketing strategies to stimulate brand vitality, further expand the market share of Dynasty’s products, strengthen Dynasty’s brand image as a representative of domestic wines. The Group will further strengthen presence in Ningxia and Xinjiang to secure the supply of quality grapes and grape juice. Following the completion of Tianxia Winery (Phase I) in Ningxia, related new quality wines brewed from locally sourced premier grapes and grape juice will be launched, heeding different market and consumer demands. In addition to our commitment to core wine business in the PRC, the Group will further develop new alcoholic beverages segments such as sauce-flavour baijiu, yellow wine and special yellow wine - Chenpi wine, through the newly set up joint venture companies in 2025, so as to diversify the sources of revenue. In view of the continual resumption of economic growth and consumption in the PRC, the Board currently remains cautiously optimistic on the business in 2025. The Group will continue to proactively develop new marketing prospects through innovation in products categories and consumption scenarios, and cross-industry co-operations in order to boost sales volume, which is in line with the country’s effort to promote domestic consumption and release the consumption growth potential.”About Dynasty Fine Wines Group LimitedDynasty Fine Wines Group Limited was listed on the Main Board of The Stock Exchange of Hong Kong Limited with the stock code 00828 on 26 January 2005. Founded in 1980, Dynasty is the premier grape winemaker in China. It is principally engaged in the production and sale of grape wine products under its reputable “Dynasty” brand. Dynasty is the first Sino-foreign joint venture wine company in China with Tianjin Food Group Limited and the French grape wine giant, Remy Cointreau, as its current major shareholders. The Group produces and sells more than 100 grape wine product series, and introduces imported wine products, providing high-quality and value-for-money grape wines to the full range of consumer groups in China. Copyright 2025 ACN Newswire via SeaPRwire.com.

SINGAPORE, Mar 27, 2025 - (ACN Newswire via SeaPRwire.com) - Say hello to Tavo, the new name in pet mobility that is about to revolutionise the way pets travel. From the creators of Nuna, the globally renowned Dutch premium baby gear, Tavo makes its highly anticipated debut in Singapore with the Maeve™ 3-in-1 Pet Protection System, the first pet car seat in Singapore rigorously tested against international children’s safety standards.Drawing upon Nuna’s decades of safety innovation in baby gear, Tavo applies the same high standards of safety and innovation to pet travel. Designed for modern “pawrents” seeking enhanced protection, confidence, and peace of mind, Tavo redefines pet mobility by seamlessly combining premium materials, timeless aesthetics, and unmatched functionality—because pets deserve the same level of safety and comfort as our little ones.In a city where pets are truly family, Singapore’s pet-loving community continues to grow, with 34% of Singaporeans owning a pet and an increasing demand for safer, high-quality, and more comfortable pet travel solutions. Tavo is shaking up the pet mobility space with a first-of-its-kind travel system that fuses safety, functionality, and aesthetics, promising innovation and security on each journey with your cherished companion."We believe pets are members of the family. Nuna has dedicated years to pioneering innovation in child safety, and now, we're excited to extend that commitment to our four-legged companions with Tavo," said Austin Hodges, Global Chief Marketing Officer at Nuna Baby. "Our goal for providing the best in safety and comfort knows no bounds, whether it's for your little one or pets."Helen Johnson, Marketing Director at Tavo adds, “Protection is what makes the Maeve such a must needed product for pet owners. Not only does it protect your pet, but it also protects others traveling with you, it reduces distractions, keeps your car clean and fur-free, and offers a comforting cocoon for every journey.”Maeve™ 3-in-1 Pet Protection System: Where Safety Meets Thoughtful DesignBringing a new level of protection and convenience to pet owners on the move, the award-winning1 Maeve™ Pet Protection System offers an all-in-one solution for pets—whether furry, scaly, young, or senior—designed to keep them secure and comfortable at home, in the car, or on a walk. The 3-in-1 Pet Protection System includes:Maeve Carrier: A secure, well-ventilated pet carrier crafted with plush interiors and breathable mesh panels for comfortVehicle Base: An integrated secure locking mechanism using ISOFIX and dynamic stability controls, ensuring pets stay safe on the roadRoscoe™ Foldable Stroller Frame: A sleek and lightweight frame designed for effortless mobility, with refined details for a polished finishAt the core of the Maeve™ Pet Protection System is an unwavering commitment to safety through cutting- edge engineering and technology. Unlike traditional pet carriers, the Maeve™ system is benchmarked against the latest United Nations ECE R129 child restraint regulations, setting a new global standard for pet protection. Rigorously crash-tested at dynamic testing facilities, it incorporates shock-absorbing technology and impact-resistant materials, safeguarding pets while shielding vehicle occupants against sudden stops and collisions.In addition, the system also boasts ergonomically engineered attachment points and a smart harness integration that work in harmony to prevent accidental escapes, enhancing overall security, and providing a level of confidence that truly redefines the standard of care on the road.The Maeve™ with ISOFIX base starts at S$699, available in five luxe colourways: Onyx, Fawn, Merle, Sable, and Brindle. There are also coordinating options for the Roscoe stroller frame, which is accented with vegan leather details in black, cognac, and chocolate, for combining form and function for an elevated travel experience. The stroller frame can also be purchased separately, and features a compact fold for easy storage.The full collection is now available at iShopChangi, with additional pet protection travel gear launching soon.Following its successful launch in over 22 countries, Tavo is set to redefine pet mobility in Singapore with a commitment to safety, quality, and thoughtful craftsmanship. As the brand looks to expand further into the region in the coming months, it will continue to pave the way for a new era of pet travel – where protection meets effortless style.1 Winner of Red Dot Product Design Award 2024, European Product Design Award (EPDA) 2024 – Top Design in Pet Supplies: Safety About NunaNuna, the global brand with Dutch roots, has been focusing on creating smart, helpful and bold baby gear since 2007. First-hand experiences in parenthood show that practicality and beauty is the perfect balance when it comes to Nuna's clever solutions that span across car seat, stroller, and in-home categories. Inspired by the clean lines and ingenuity of Dutch design, the collection is as easy, safe, and as flexible as new parents need it to be. With thoughtful design put into every detail, Nuna designs around your life. Find out more at https://nunababy.com/sg.About TavoTavo is a revolutionary pet protection brand from the makers of Nuna Baby, created to redefine pet travel with a perfect blend of safety, style and innovation. With premium materials, timeless aesthetics, and rigorous safety testing, Tavo provides pets and their people with perfect travel experiences. Whether you're on a daily outing or an extended journey, Tavo ensures your pet travels safely anywhere. To learn more about Tavo, visit https://tavopets.com/sg/. Press ContactFor media queries, please contact:PRecious Communications for Tavotavopets@preciouscomms.com Copyright 2025 ACN Newswire via SeaPRwire.com.