Category: ACN Newswire

HONG KONG, Nov 17, 2025 - (ACN Newswire via SeaPRwire.com) – In the context of rapid evolution in the robotics industry, Shoucheng Holdings (0697.HK) is gradually transforming from a traditional infrastructure operator into a new platform company with technological attributes. Its newly released 2025 third-quarter financial report not only demonstrates the company’s solid operating fundamentals, but also clearly conveys its strategic path in the robotics industry chain—from “investment layout” toward “application implementation,” gradually building sustainable long-term growth capability.I. Maintaining High-Speed Growth, with Operating Resilience Further EnhancedThe third-quarter report shows that Shoucheng Holdings’ revenue increased 30% year-on-year to HKD 1.215 billion, while net profit attributable to shareholders rose 22% year-on-year to HKD 488 million. The asset operation business continued to expand, and the asset circulation business maintained high-yield contributions, together forming a stable and predictable operating base for the company.Cash and financial assets reached HKD 8.55 billion, while the asset-liability ratio stood at only 31.5%. The company’s financial structure remains sound, providing sufficient “margin of safety” for new investments and business incubation in robotics. On this steady operating foundation, the company announced a HKD 1 billion share repurchase plan over the next three years, with management demonstrating confidence in corporate value through long-term capital commitment.II. Robotics Enter a Dual-Track Stage of “Investment Deepening + Application Validation”Unlike many market participants who remain at the stage of technology demonstrations or laboratory prototypes, Shoucheng Holdings’ robotics layout already shows a “two-line advancement” pattern:One line upward, deepening investment along the industry chain; One line downward, deploying real application scenarios.(1) Investment deepening: Key industry chain enterprises enter their capital-market sprintThrough its industrial funds, Shoucheng Holdings is investing in humanoid robots, embodied intelligence, flying robots, intelligent perception and other directions, focusing resources on globally competitive enterprises. Recent developments include:Unitree Robotics completing IPO counseling, expected to become the first humanoid robot stock in the A-share market;Yunshengchu completing its shareholding restructuring and officially entering the IPO preparation stage;Multiple enterprises expected to be eligible for listing in 2026.The capital-market progress of these enterprises will bring structural returns to Shoucheng Holdings’ equity investment business and open new space for future profit growth.(2) Application validation: Building a “scenario network” for large-scale robot deploymentTo open the path from “technology” to “commercialization,” Shoucheng Holdings has not stopped at the investment level but has simultaneously built consumer-side and urban-side scenario networks. Examples include:The “Taozhu New Craft Bureau” robot technology experience stores launched in Beijing, Chengdu, and airport landmarks, enabling robots to be “visible, usable, and purchasable”;The “Shoucheng W” robot livestreaming studio, which enhances online reach through real-time demonstrations and consumer conversion models;Pilot deployments of automatic charging robots, surgical robots, and educational robots in education, healthcare, and cultural-tourism scenes.This dual-track structure—investment-driven and scenario-driven—allows Shoucheng to form early-stage resource barriers in “data, users, and demand,” becoming a key foundation for long-term expansion in the robotics sector.III. From High-Speed Growth Toward Long-Term Expansion: 2026 as the Key Inflection PointShoucheng Holdings is entering a critical stage of transitioning from “performance growth” to a “growth logic” model.On the financial side, stable asset operations provide a sufficient safety cushion;On the industrial side, investments, scenario deployments, and capital-market progress in robotics are forming a reinforcing cycle.As Unitree Robotics, Yunshengchu and other core enterprises enter the listing channel—combined with the nationwide rollout of experience stores, commercialization of autonomous charging robots, and expanding humanoid robot applications—the company’s robotics business is expected to enter a “quantifiable contribution phase” in 2026.In other words, over the past two years, Shoucheng Holdings has focused on building “infrastructure,” while in the coming years, it will begin to demonstrate “long-term growth attributes.”Based on a foundation of solid financials and forward-looking industrial layout, Shoucheng Holdings is gradually forming a dual-engine model of “robotics investment + application.” As the industry approaches the window of scenario scale-up, the company is already positioned strategically. High-speed growth is the present; long-term growth is the direction. For Shoucheng Holdings, 2026 may only mark the beginning of a new stage. Copyright 2025 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com

DUBAI, Nov 17, 2025 - (ACN Newswire via SeaPRwire.com) - On October 31, 2025, General Atomics Aeronautical Systems, Inc. (GA-ASI) completed its "third lifetime" of full-scale fatigue (FSF) testing for the MQ-9B Remotely Piloted Aircraft (RPA). Completion of FSF testing for the third and final lifetime includes a total of 120,000 operating hours (40,000+ flight hours per aircraft life) for the RPA and is a key milestone in validating the design of the airframe. The testing verifies the airframe structural integrity in support of certification to the NATO STANAG 4671 standard.The aim of the testing is to identify any potential structural deficiencies ahead of fleet usage and assist in developing inspection and maintenance schedules for the airframe. Test results will be used as documentation for certification and will form the basis for in-service inspections of structural components."The completion of our full-scale fatigue test validates years of GA-ASI design and analysis efforts," said GA-ASI President David R. Alexander. "The first two lifetimes simulated the operation of the aircraft under normal conditions, and the third intentionally inflicted damage to the airframe's critical components to demonstrate its ability to tolerate operational damage that could occur over the lifetime of the aircraft."Testing was conducted from December 13, 2022, through October 31, 2025, at Wichita State University's National Institute for Aviation Research in Wichita, Kansas. The airframe tested was a production airframe purpose-built to support the test campaign.MQ-9B is GA-ASI's most advanced RPA and includes the SkyGuardian® and SeaGuardian® models as well as the new Protector RG Mk1 that is currently being delivered to the United Kingdom's Royal Air Force (RAF). In addition to the RAF, GA-ASI has MQ-9B procurement contracts with Belgium, Canada, Japan, Taiwan, Poland, India, Denmark, and the U.S. Air Force in support of the Special Operations Command. MQ-9B has also been featured in various U.S. Navy exercises, including Northern Edge, Integrated Battle Problem, RIMPAC, and Group Sail.About GA-ASIGeneral Atomics Aeronautical Systems, Inc., is the world's foremost builder of Unmanned Aircraft Systems (UAS). Logging more than 9 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. All rights reserved. www.acnnewswire.com

DUBAI, Nov 17, 2025 - (ACN Newswire via SeaPRwire.com) - Following their announcement to bring Airborne Early Warning and Control (AEW&C) capability to the world's leading Remotely Piloted Aircraft (RPA) platform, General Atomics Aeronautical Systems, Inc. (GA-ASI) and Saab will now team up to demonstrate the capability in the summer of 2026. The demo will be conducted at GA-ASI's Desert Horizon flight operations facility in Southern California using a GA-ASI MQ-9B equipped with AEW&C supplied by Saab.In partnership with Saab, a leading company in AEW&C systems, GA-ASI is pairing Saab's AEW sensors with the world's longest-range, highest-endurance RPA, the MQ-9B. At sea or over land, adding AEW capabilities on MQ-9B enables persistent air surveillance and enables AEW in areas of the world where it doesn't currently exist or is unaffordable, such as for navy aircraft carriers at sea."Adding AEW&C to the MQ-9B brings a critical new capability to our platform," said GA-ASI President David R. Alexander. "We want to deliver a persistent AEW&C solution to our global operators that will protect them against sophisticated cruise missiles as well as simple but dangerous drone swarms."MQ-9B models include the SkyGuardian® and SeaGuardian®, the United Kingdom's MQ-9B variant known as Protector, and the new MQ-9B STOL (Short Takeoff and Landing) configuration currently in development.The AEW solution for MQ-9B will offer critical aloft sensing to defend against tactical air munitions, guided missiles, drones, fighter and bomber aircraft, and other threats. Operational availability for a medium-altitude, long-endurance UAS is the highest of any military aircraft, and as an unmanned platform, its aircrews are not put into harm's way.GA-ASI and Saab's AEW offering will span a wide range of applications, including early detection and warning; long-range detection and tracking; and simultaneous target tracking and flexible combat system integration - all over line-of-sight and SATCOM connectivity.About GA-ASIGeneral Atomics Aeronautical Systems, Inc., is the world's foremost builder of Unmanned Aircraft Systems (UAS). Logging more than 9 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. All rights reserved. www.acnnewswire.com

HONG KONG, Nov 17, 2025 - (ACN Newswire via SeaPRwire.com) – As the public subscription for Chuangxin Industries Holdings Limited (“Chuangxin Industries”; Stock Code: 02788.HK) entered its second day, the market response has been overwhelmingly positive. The company officially launched its initial public offering on November 14, 2025, with 17 cornerstone investors’ participation—a move that further bolsters investor confidence. As a leading player in China’s upstream aluminum sector, the company is offering 500 million shares subject to the Over-allotment Option, within a price range of HK$10.18 – HK$10.99 per share, aiming to raise up to HK$5,495 million. The public subscription period will run until November 19, 2025, with an entry fee of approximately HK$5,550 for a board lot of 500 shares, ahead of its expected listing on the HKEX Main Board on November 24, 2025.Chuangxin Industries specializes in alumina refining and aluminum smelting—two of the most value-added segments of the aluminum industry chain. With a proven track record of cost leadership, proactive green transition initiatives, and a highly integrated operational ecosystem, the company is strategically positioned to capitalize on growing global demand for aluminum—particularly low-carbon aluminum, which is increasingly favored in sectors such as electric vehicles, renewable energy infrastructure, and consumer electronics.One of the standout features of Chuangxin Industries is its strategic presence in resource-rich regions such as Inner Mongolia and Shandong Province. The company’s aluminum smelter in Huolinguole ranked as the fourth-largest production base of electrolytic aluminum in 2024 in North China. This location offers the company a decisive advantage in power costs, supported by self-generation capabilities and abundant local energy resources. In 2024, the company’s coal-fired power cost stood at just RMB0.37 per kWh, notably below the national average of RMB0.43 per kWh. By May 2025, this figure had further dropped to RMB0.33 per kWh—a clear indicator of continuous operational optimization.This low-cost energy structure has enabled Chuangxin Industries to achieve a cash cost of aluminum of approximately RMB15,112 per ton in 2024, significantly lower than the industry average of approximately RMB17,700 per ton in China. According to CRU, the company ranked among the top 5% of all aluminum smelting companies in China in terms of cost efficiency, reinforcing its competitive edge both domestically and globally.Aligned with China’s national goals to peak carbon emissions by 2030 and achieve carbon neutrality by 2060, Chuangxin Industries is moving decisively toward green power adoption. The company is currently constructing wind and solar power plants with a total projected installed capacity of 1,750.0 MW. By the end of 2026, it aims to source over 50% of its energy from renewables—doubling the national mandate of 25%. This transition not only supports environmental targets but also drives down long-term operational expenses. Based on the estimates, the delivered cost of green power is expected to be as low as RMB0.10–0.18 per kWh, substantially below current coal-powered rates, thereby enhancing profitability and insulating the company from potential carbon price increases.Another pillar of Chuangxin Industries’ competitive strength lies in its self-sufficient operational model. Electricity represents a major portion of production costs in aluminum smelting, and the company’s electricity self-sufficiency rate reached approximately 88% in 2024, far exceeding the industry average of around 57%. This high level of energy autonomy not only stabilizes production but also shields the company from grid price volatility. In addition, the company maintains a high rate of alumina self-sufficiency, with an annual designed production capacity of 788.1kt for electrolytic aluminum and 1,200.0 kt for alumina—ensuring a reliable and cost-effective supply of key raw materials.Geographic advantages further amplify Chuangxin Industries’ market positioning. Its Inner Mongolia smelter is located within a 25 km radius of downstream customers boasting a combined production capacity of over 1.9 million tons—far exceeding its own annual output of 788.1 kt. This proximity not only reduces transportation costs but also enables the sale of liquid aluminum, which must be delivered within a narrow 50 km radius. Supported by its high rates of self-sufficiency in both electricity and alumina supply, Chuangxin Industries has established a synergistic, integrated ecosystem that ensures unique competitiveness across the electrolytic aluminum industry chain and shields the company from market volatility. Financially, Chuangxin Industries has demonstrated impressive growth and operational efficiency. Revenue increased from RMB13.8 billion in 2023 to RMB15.2 billion in 2024, and surged by 22.6% year-on-year to RMB7.2 billion in the first five months of 2025. Gross profit margin improved markedly from 16.9% in 2023 to 28.2% in 2024, reflecting both improved cost control and favorable industry dynamics. These results underscore the company’s ability to capitalize on market upcycles while maintaining structural cost advantages.Looking ahead, Chuangxin Industries is not resting on its achievements. The company has unveiled plans to establish a 500 kt aluminum smelting facility in Yanbu, Saudi Arabia—a strategic move that will leverage the country’s low-cost natural gas resources and prime location near the Red Sea. This expansion will facilitate efficient export of aluminum products to markets in Europe and the United States via the Suez Canal.The IPO of Chuangxin Industries arrives at a pivotal moment, with global aluminum demand being steadily driven by transitions in transportation, energy, and digital infrastructure. With its industry-leading cost structure, clear green transformation roadmap, and fully integrated value chain, Chuangxin Industries is not merely a commodity producer—it is a forward-looking industrial operator committed to sustainable and high-quality growth. Copyright 2025 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com

Belem, Brazil, Nov 15, 2025 - (ACN Newswire via SeaPRwire.com) - The Government of Indonesia reaffirmed its determination to lead global efforts in tackling climate change and accelerating the transition toward Net Zero Emissions (NZE) by 2060 or sooner through fair and inclusive collaboration.Indonesia's Special Envoy of the President for Climate and Energy, Hashim Djojohadikusumo, speaking at the Leaders Summit during the 30th Conference of the Parties (COP30) in Belém, Brazil, Thursday (Nov. 6). The Government of Indonesia reaffirmed its commitment to leading global efforts in mitigating climate change and accelerating the transition toward Net Zero Emissions by 2060 or sooner. (Photo: Official UN Web TV.)The statement was delivered by Hashim Djojohadikusumo, Special Envoy of the President of the Republic of Indonesia, representing President Prabowo Subianto at the Leaders Summit during the 30th Conference of the Parties (COP30), United Nations Climate Change Conference, in Belém, Brazil, on Thursday (6/11)."Indonesia came to Belém with a clear message: we remain steadfast in our commitment to strengthening national climate action and are ready to work with other countries to advance initiatives that are inclusive, ambitious, and results-driven," said Hashim.He noted that President Prabowo had reaffirmed Indonesia's commitment to the Paris Agreement to achieve NZE no later than 2060—or sooner. Indonesia is also targeting 8 percent economic growth through a sustainable development strategy that is consistently formulated and implemented.In its Second Nationally Determined Contribution (SNDC), Indonesia aims to reduce emissions by 1.2 to 1.5 gigatons of CO2 equivalent (CO2e) by 2035. This target will be supported by increasing the renewable energy mix to 23 percent by 2030 and advancing new technologies, including nuclear energy, within the framework of the green energy transition."Recently, President Prabowo issued Presidential Regulation No. 109 on Waste-to-Energy and Presidential Regulation No. 110 on Carbon Economic Value. These two regulations lay a vital foundation for building a national decarbonization system and enhancing control over greenhouse gas emissions," Hashim added.This message was echoed by Hanif Faisol Nurofiq, Minister of Environment and Head of the Environmental Control Agency, who underlined Indonesia's commitment to a just and equitable green economy."COP30 marks a defining moment to prove that green development is not only possible but also beneficial. Indonesia leads by action, not by promises," said Hanif.He emphasized that the principle of climate justice must remain at the heart of every energy transition policy."Climate justice means ensuring that no one is left behind. Indonesia is ready to lead by example—integrating policy, science, and social values for a better and fairer future," he said.President Director of PT PLN (Persero) Darmawan Prasodjo expressed PLN's readiness to realize President Prabowo's vision of advancing Indonesia's energy transition through the implementation of the Electricity Supply Business Plan (RUPTL) 2025–2034."About three months ago, under the direction of President Prabowo Subianto and Minister of Energy and Mineral Resources Bahlil Lahadalia, Indonesia launched its new RUPTL. Over the next decade, Indonesia plans to add 69.5 gigawatts (GW) of generation capacity—around 76 percent of which will come from renewable energy and storage technologies," Darmawan said.He added that the new RUPTL serves as PLN's strategic roadmap to accelerate the clean energy transition toward NZE 2060 or sooner. The plan not only ensures a reliable electricity supply but also stimulates green job creation, expands electrification in frontier, outermost, and underdeveloped (3T) regions, and strengthens national energy resilience."By prioritizing renewable energy, PLN is committed to building a power system that is cleaner, more inclusive, and sustainable. We believe that through synergy with all stakeholders, Indonesia's ambitious energy transition targets can be achieved effectively and on time," Darmawan concluded.About PLNPT PLN (Persero) is Indonesia's state-owned electricity company, committed to continuous innovation and delivering the best service to its customers. PLN drives its Transformation 2.0 agenda with the vision of becoming a Top 500 Global Company and the No. 1 choice for energy solutions. This is achieved through sustainable business growth, end-to-end digitalization, energy transition initiatives supporting Net Zero Emissions (NZE), and the development of world-class human capital.Contact:Gregorius Adi TriantoExecutive Vice President, Corporate Communications & CSR, PT PLNTel. +62 21 7261122Fax. +62 21 7227059 Copyright 2025 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com

HONG KONG, Nov 15, 2025 - (ACN Newswire via SeaPRwire.com) – On November 14, Shoucheng Holdings (0697.HK) released its results for the third quarter of 2025. Despite macroeconomic pressures and structural adjustments across the industry, the company continued to demonstrate strong and steady growth momentum: revenue and profit both recorded double-digit increases, cash reserves expanded significantly, the asset monetization business entered a harvest cycle, and the company’s investments and applications in the robotics industry continued to advance. New business lines also accelerated notably during the period.At the same time, the company announced a large-scale share buyback program totaling HK$1 billion, adopting a more proactive capital management strategy to support market expectations. This combination of actions further clarifies Shoucheng Holdings’ “future growth curve.”1. Revenue and Profit Both Up Sharply: High Growth Becomes a CertaintyAccording to the Q3 report, Shoucheng Holdings recorded HK$1.215 billion in revenue, up 30% year-on-year; and HK$488 million in net profit attributable to shareholders, an increase of 22%. Operational efficiency remained solid, and the high growth rates in both top-line and bottom-line performance are rare among Hong Kong-listed companies.By business segment:Asset operations revenue reached HK$783 million, up 16%, maintaining steady expansion;Asset monetization revenue reached HK$432 million, up 66%, showing a clear pattern of realization and fund recovery.The strong performance in asset monetization reflects multiple funds entering the exit and repayment phases, driving stable cash inflows. This marks a more mature stage in the company’s “fundraising–investment–management–exit” cycle, with profit generation and capital recycling capacity set to improve further.Gross profit reached HK$551 million, up 28%, with overall gross margin stable at around 45%—demonstrating solid structural and earnings quality.2. Robust Financial Fundamentals: Strong Safety Buffer and Growth CapacityAs of the end of Q3, total assets reached HK$16.34 billion, an increase of 18% year-on-year.Most notably, cash and wealth-management assets reached HK$8.55 billion, nearly doubling from the beginning of the year—placing the company’s liquidity at a historical high.The company maintained a low 31.5% asset-liability ratio and a 10.9% debt-capital ratio, while retaining its AAA issuer rating. These indicators highlight an exceptionally strong financial position that supports steady growth and future expansion of its industrial and robotics strategies.Overall, Shoucheng Holdings has built a substantial financial “safety cushion” for long-term development.3. HK$1 Billion Share Buyback: Strong Conviction in Long-Term Industry TrendsShoucheng Holdings also announced the launch of a HK$1 billion share buyback program, to be executed in phases. This represents one of the more substantial capital-management actions in the Hong Kong market this year.Against the backdrop of low market valuations and a rapid transition cycle in the technology sector, the buyback enhances Shoucheng’s value-management capabilities and reflects its firm stance on long-term industrial trends.According to the company, the buyback underscores confidence in the long-term prospects of the robotics industry. As AI, embodied intelligence, autonomous systems and battery technologies converge, the robotics sector is transitioning from “technical breakthroughs” to “commercial adoption.”Entering this global industry window, Shoucheng aims to accelerate robotics industrialization by advancing forward-looking investment, scenario-based applications, and capital guidance—helping the sector move from pilot demonstrations to widespread adoption.4. Dual Engine of Robotics Investment + Applications: A New Growth Driver Is Taking ShapeOn the investment side, Shoucheng Holdings has built a comprehensive portfolio covering the core tracks of the robotics industry. Its investments include leading humanoid robotics companies Unitree Robotics and Noetix Robotics; embodied-intelligence foundational model developer Galaxea-AI; world-champion robotic football team developer Booster Robotics; aerial embodied-intelligence company Micro Differential Intelligence; integrated actuator module manufacturer Quanzhibo; and DeepRobotics Motion Lab, which specializes in humanoid motion control. In addition, the company has established the Robotics Advanced Materials Industry Company to extend its layout upstream into critical materials, further strengthening the technological foundations of the robotics value chain.On the application side, the company has achieved dense deployment across multiple high-value scenarios. Its automatic charging robots began first-site operations at Chengdu ICCD, advancing “Robotics + New Energy” from pilot stage to demonstration; the collaboration with IAT Automobile accelerates the deeper integration of robotics technologies into intelligent manufacturing and new-energy vehicle production lines. In the healthcare sector, domestic surgical robots have successfully completed multiple complex procedures at Peking University Shougang Hospital, forming a full closed loop from technical demonstration to clinical adoption. In education, Shoucheng has partnered with the Beijing Municipal Education Commission to advance the “Robots into Schools” initiative, delivering equipment, curricula, and competition systems to multiple schools. In the consumer sector, the country’s first batch of robotics experience stores has opened in Beijing, Chengdu, and major airport terminals, providing the public with direct access to “Robotics + Consumer” scenarios.Through coordinated efforts across capital investment, critical materials, core technologies, and multi-scenario applications, Shoucheng Holdings is driving robotics out of laboratories and into cities, homes, and everyday life—accelerating the emergence of a more mature and sustainable robotics ecosystem.5. Industry Trends Unlock New Growth Space: Shoucheng Stands at the Start of an UpcycleEntering 2026, the robotics industry is expected to enter an accelerated phase driven by supportive policies, rapid technological iteration and broadening application scenarios.From autonomous driving to humanoid robots, from industrial manufacturing to consumer adoption, from surgical procedures to education scenarios, robotics is moving rapidly toward large-scale commercialization.With steady growth in its asset-operation and fund-management businesses, Shoucheng is now building a new growth engine through robotics investment and applied deployment. As the industrial cycle turns upward, the company is positioned to capture stronger growth momentum across multiple segments.Looking ahead, Shoucheng Holdings will continue to advance its technology-driven strategy, fostering breakthroughs and real-world deployment in the robotics sector and securing a more prominent position in the next wave of industrial transformation. Copyright 2025 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com

LONDON, Nov 14, 2025 - (ACN Newswire via SeaPRwire.com) - Two pioneering studies published in the journal Animals have explored in depth how dog and cat guardians perceive more sustainable pet food options. Led by Jenny L. Mace, Alexander Bauer, Andrew Knight and Billy Nicholles, the research sheds new light on the potential for alternative proteins and plant-based diets in the companion animal sector.Study 1 - Dogs: ‘Consumer Acceptance of Sustainable Dog Diets: A Survey of 2,639 Dog Guardians'In the first study, the team surveyed 2,639 dog guardians worldwide. Around 84% of respondents were currently feeding their dogs either conventional or raw meat-based diets. However, a substantial 43% of this group reported they would nevertheless consider at least one type of more sustainable dog food (such as vegan, vegetarian or cultivated-meat formulations).Among the alternative options, the most acceptable was cultivated meat-based dog food (chosen by 24% of these respondents), compared to vegetarian (17%) and vegan (13%) dog diets. And when asked what characteristics would be needed for these alternatives to be chosen, the top choices were nutritional soundness (chosen by 85%) followed by good pet health (83%).Study 2 - Cats: ‘Consumer Acceptance of Sustainable Cat Diets: A Survey of 1,380 Cat Guardians'The companion study gathered responses from 1,380 cat guardians. In total 89% of these guardians fed their cats conventional or raw meat-based diets. However, just over half - 51% - of this group considered at least one of the more sustainable options to be acceptable.The most popular alternatives were those based on cultivated meat (chosen by 33% of this group) followed by vegan diets (18%). Similarly to dogs, the most important characteristics alternative diets would need to offer be chosen were good pet health outcomes (chosen by 83%) and nutritional soundness (80%).Differences among consumersBoth studies found that guardians who themselves reduce or avoid meat were significantly more open to alternative diets for their pets, as were those with higher educational qualifications. Age and regional differences were also apparent, with older consumers, and those from the UK, often less open to alternatives than those in other European nations, North America or Oceania, although differences were often not significant.What This MeansThese twin studies come at a time when the environmental and ethical footprint of conventional pet food production is growing in public consciousness. As noted by study co-author and veterinary professor Andrew Knight: "Recent studies have demonstrated that our dogs and cats collectively consume a substantial proportion of all farmed animals. Pet diets such as those based on plant-based ingredients or cultivated meat could transform the pet food system, lowering adverse impacts for farmed animals and the environment."With rapidly increasing populations already numbering hundreds of millions of dogs and cats globally, the shift of even a modest percentage of these pets to lower-impact diets could bring significant benefits.As co-author Billy Nicholles summarised: "These findings are of value to the rapidly growing pet food alternatives industry, enabling pet food companies to accelerate their growth and acquire new customers through evidence-based, targeted outreach."Implications for Industry and Veterinary PracticeFor pet food companies, the message is clear: launching sustainable diet lines is not merely a matter of production innovation, but also of trust-building. Clear information about nutritional soundness and health outcomes feature heavily in guardian willingness to adopt new products.For veterinary practitioners and animal welfare organisations, these findings underscore the importance of informed communication. If guardians are open to alternatives but uncertain about their pet's health outcomes, then evidence-based guidance becomes a key enabling factor.Further informationAndrew KnightVeterinary Professor of Animal WelfareAndrew.Knight@murdoch.edu.auSOURCE: Sustainable Pet Food Foundation Copyright 2025 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com

HONG KONG, Nov 14, 2025 - (ACN Newswire via SeaPRwire.com) – Eternal Group and Cosmoprof Asia 2025 co-hosted the symposium "Invisible Aesthetics: When Fragrance Meets Space" yesterday at the Hong Kong Convention and Exhibition Centre. The event explored the relationship between fragrance and space, examining the application of scent across different environments. As the largest perfume group (apart from brand-owner perfume groups) in China (including Hong Kong and Macau), in terms of retail sales in 2023, Eternal Group shared the latest market data, revealing the trend of fragrance is transitioning from a personal consumer product to an element of spatial experience. Wendy Lau, Executive Director of Eternal Beauty Holdings Limited, highlighted in the symposium: "The accelerating integration of home fragrances and interior design is becoming an invisible aesthetic that connects emotion and space, shaping a new dimension of future living experiences."Market Trend: Home Fragrance Emerges as a New Focus in Asian Lifestyle AestheticsAt the symposium, representatives from Eternal Group shared insights from the recently released "2025 Hong Kong and Macau Fragrance Market Trends White Paper", highlighting the significant trend of home fragrance popularization. The data shows that a remarkable of 81% consumers in Hong Kong and Macau have integrated fragrance into their daily lives, a proportion that has grown by 9 percentage points compared to the previous year. Industry projections forecast the global home fragrance market will reach USD 400 billion by 2032, with a compound annual growth rate (CAGR) of 6.56%.Ms. Ko from Eternal Group's Corporate Communications Department stated: "Industry data has revealed a clear market trend. According to a Fortune Business Insights report, the global home decor market is projected to grow at a CAGR of 4.58% during the 2025-2032 forecast period. Meanwhile, the Asia-Pacific region accounted for 45.74% of the global market share in 2024, providing a favorable condition for the growth of fragrance products integrated into living spaces. The popularization of home fragrances aligns with the growing consumer demand for enhanced quality of life in Asia. As income levels rise and living environments continue to improve, more consumers are focusing on using fragrance to shape personalized living spaces."Cross-Industry Dialogue: Fragrance Becomes a New Dimension of Spatial AestheticsThe symposium brought together several experts from business, design, and the fragrance industry, including renowned entrepreneur and socialite Antonia Li, Meng Jing, Founder and Design Director of Common Room and winner of the "2025 Home Journal" Design Award, along with representatives from Eternal Group. The panel engaged in a cross-industry discussion on the "Integration of Fragrance and Space," exploring the evolving role of olfactory aesthetics in contemporary design. Drawing from her spatial design practical, Ms. Meng Jing noted: "Modern design is progressively moving beyond traditional visual boundaries, extending into multi-sensory dimensions. We are increasingly introducing customized fragrance solutions in our recent projects to address users' genuine need for emotional spaces."She further added: "The systematic integration of fragrance and interior design can effectively enhance users' sense of belonging and comfort within a space. Particularly in high-density Asian cities like Hong Kong, the emotional value of space is becoming a crucial consideration in design strategy." Market observations indicate a sustained increase in Asian consumers' attention to home aesthetics. In the Asia-Pacific region, the fusion of modern and traditional elements has emerged as a regional design trend, with minimalist styles maintaining their mainstream position and demand for high-end, customized design also showing steady growth.The Rise of Niche Fragrances: New Demand for Personalized ExperiencesWendy Lau, Executive Director of Eternal Group Holdings Limited, pointed out during the symposium: "Niche brands are increasingly gaining market popularity. When purchasing fragrance products, consumers now consider not only the scent and price but also the brand's philosophy and the inspirational story behind the perfume." Openness of niche perfumes is exceptionally high in Hong Kong and Macau markets. Data indicates that over 90% of consumers in Hong Kong and Macau are willing to try niche fragrances, signaling immense growth potential and market openness to new brands.Looking Ahead: Building a New Fragrance Industry Ecosystem, Leading Industry Innovation and DevelopmentWendy Lau, Executive Director of Eternal Group Holdings Limited, stated: "As an industry leader, we bear the dual responsibility of nurturing the market and driving innovation. We will continue to refine the fragrance industry value chain, leveraging our professional brand management expertise, mature sales network, and precise market insights to create broader development opportunities for niche brands." Moving forward, Eternal Group will continue to be driven by innovation and guided by consumer demand, constantly improving the fragrance industry ecosystem and leading the industry towards a new era of professionalism and internationalization.About Eternal Group Holdings LimitedEternal Beauty Holdings Limited is the largest perfume group (apart from brand-owner perfume groups) in China (including Hong Kong and Macau) in terms of retail sales in 2023. It primarily sells and distributes products procured from third-party brand licensors, and deploys market for these brand licensors, offering such services as brand management, and designing and implementing customized market entry and expansion plans for their brands. The Group boasts large and diversified brand portfolios that include not only perfumes, but also color cosmetics, skincare products, personal care products, eyewear and home fragrances. As at 10 June 2025, it conducted product distribution and market deployment for a total of 72 external brands, including Hermès, Van Cleef & Arpels, Chopard, Albion and Laura Mercier, with products in different pricing tiers and of versatile features that meet the differentiated demands of consumers in mainland China, Hong Kong and/or Macau.Download event photos:https://1drv.ms/f/c/4a22f6ae274998f3/Ep74V2EYd6BLmDOj3Z8m034BLHOta2MhwZxZ4Uo-HwOfqA?e=9AbKxA Copyright 2025 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com

Highlights of the Global Offering:- The Hong Kong Public Offering is expected to close at 12:00 noon (at 11:30 a.m. for completing electronic applications under the White Form eIPO service) on Wednesday, 19 November 2025;- Number of Offer Shares under the Global Offering: 500,000,000 Shares (subject to the Over-allotment Option);- Number of Hong Kong Offer Shares: 50,000,000 Shares (subject to reallocation);- Number of International Offer Shares: 450,000,000 Shares (subject to reallocation and the Over-allotment Option);- Offer Price Range: HK$10.18 to HK$10.99 per Share;- The Shares will be traded in board lots of 500 Shares each;- Maximum net proceeds will be approximately HK$5,312.8 million (before any exercise of the Over-allotment Option);- Dealings in the Shares on the Main Board of the Hong Kong Stock Exchange are expected to commence on Monday, 24 November 2025;- China International Capital Corporation Hong Kong Securities Limited and Huatai Financial Holdings (Hong Kong) Limited are the Joint Sponsors.HONG KONG, Nov 14, 2025 - (ACN Newswire via SeaPRwire.com) – Chuangxin Industries Holdings Limited (the “Company”, stock code: 02788) announces its Global Offering and the listing of Shares on the Main Board of The Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”).Chuangxin Industries Holdings Limited is an integrated enterprise group with a core focus on the aluminum industry, focusing on alumina refining and aluminum smelting within the upstream of the aluminum industry chain. The Company’s business mainly comprises the production and sales of electrolytic aluminum as well as alumina and other related types of products, and has established a self-sufficient and integrated ecosystem across the electrolytic aluminum industry chain that covers “energy — alumina refining — aluminum smelting.” Since 2012, the Company has strategically established its presence and deeply cultivated its business in Huolinguole, Inner Mongolia and Binzhou, Shandong Province, two regions with significant resource advantages. The Company has achieved a high rate of self-sufficiency in alumina and electricity supply, benefiting from its self-owned electricity generation capability and the low electricity prices enabled by Inner Mongolia’s abundant power resources, which are strategically critical to electrolytic aluminum production and the maintenance of strong operational performance. The Company continuously develops an integrated ecosystem across the electrolytic aluminum industry chain, consolidates the cost advantages, and invests in research and development. To realize the long-term goal of achieving a green transition, the Company strives to reduce carbon emissions in the electrolytic aluminum industry chain.Chuangxin Industries Holdings Limited plans to offer an aggregate of 500,000,000 Shares (subject to the Over-allotment Option) under the Global Offering, of which 450,000,000 Shares (subject to reallocation and the Over-allotment Option) will be offered by way of International Placing, and 50,000,000 Shares (subject to reallocation) will be offered in the Hong Kong Public Offering. The Offer Price will not be more than HK$10.99 per Share and is currently expected to be not less than HK$10.18 per Share, with the board lot size of 500 shares.The Hong Kong Public Offering commenced on Friday, 14 November 2025 and is expected to close at 12:00 noon (at 11:30 a.m. for completing electronic applications under the White Form eIPO service) on Wednesday, 19 November 2025. Dealings in H Shares on the Stock Exchange are expected to commence on Monday, 24 November 2025.Assuming the Over-allotment Option is not exercised, if the Offer Price is set at HK$10.58 per Share (being the mid-point of the Offer Price range), the Company estimates that it will receive net proceeds of approximately HK$5,113.2 million from the Global Offering after deducting the underwriting commissions and estimated offering expenses. The Company intends to apply the net proceeds for the following purposes:- Approximately 50% is expected to be used for expanding overseas production capacity, including the construction of an aluminum smelter and the purchase and installation of production equipment.- Approximately 40% is expected to be used for green energy projects, including the construction of green power plants and the purchase and installation of equipment used therein.- Approximately 10% is expected to be used for working capital and general corporate uses.The Company has successfully procured 17 cornerstone investors, including Hillhouse, China Hongqiao, Taikang Life, Glencore AG, Mercuria, Greenwoods, ORlX Group, Investcorp, CPIC IMHK, GF Fund, Fullgoal Fund, Millennium, Jane Street, Polymer, Xiamen ITG Group, Brilliance and Cephei Capital. The Cornerstone Investors have agreed to subscribe for Offer Shares at the Offer Price (exclusive of brokerage fee, the SFC transaction levy, the AFRC transaction levy and the Stock Exchange trading fee). Based on the high-end of the Offer Price range, the total subscription amount is approximately US$351.0 million.China International Capital Corporation Hong Kong Securities Limited and Huatai Financial Holdings (Hong Kong) Limited are the Joint Sponsors, Overall Coordinators and Joint Global Coordinators, as well as the Joint Bookrunners and Joint Lead Managers. UOB Kay Hian (Hong Kong) Limited and CMB International Capital Limited are the Joint Global Coordinators, Joint Bookrunners and Joint Lead Managers. Bank of China International Asia Limited, AVICT Global Asset Management Limited and South China Securities Limited are the Joint Bookrunners and Joint Lead Managers. Futu Securities International (Hong Kong) Limited, Tiger Brokers (HK) Global Limited and Livermore Holdings Limited are the Joint Lead Managers. Copyright 2025 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com

ATLANTA, GA, Nov 13, 2025 - (ACN Newswire via SeaPRwire.com) - OMP, a leader in supply chain planning solutions, is showcasing how Kraft Heinz is transforming its global food supply chain at the Gartner Supply Chain Planning Summit 2025 in Denver. The leading food and beverage company will share how it is driving efficiency from farm to table with OMP's Unison Planning™. By leveraging autonomous planning, decision intelligence, and AI optimization, Kraft Heinz enhances collaboration, manages complexity, and reduces waste. Kraft Heinz's journey to a smarter, more sustainable value chainThiago Serra, Head of Integrated Business Planning at Kraft Heinz, will discuss how smart, data-driven planning is helping the company build a more agile and sustainable value chain. Gain insights into how Kraft Heinz combines digital intelligence and end-to-end visibility to create real business impact across operations.Explore human-AI synergy at the OMP boothThe Gartner Supply Chain Planning Summit, taking place December 2-3 in Denver, brings together global supply chain leaders to explore strategies for making high-impact, complex decisions and turning intelligence into execution.OMP will be at booth 104 to showcase UnisonIQ, its game-changing AI orchestration framework. Embedded in the Unison Planning™ platform, it transforms supply chain decision-making through human-AI synergy. Visitors can experience firsthand how UnisonIQ is revolutionizing supply chain operations through always-on agents, the Unison Companion generative AI assistant, and advanced AI engines.See how integrated planning, enhanced by the latest AI advancements, improves scenario modeling and empowers faster, smarter decisions - helping organizations strengthen resilience, overcome challenges, and achieve measurable business results.Join OMP at Gartner to hear Kraft Heinz's transformation journey firsthand and discover how Unison Planning™, driven by AI, can accelerate planning success and support your planning teams.Session at a glanceTitle: OMP: Real intelligence, real impact - Kraft Heinz's journey to a smarter, more sustainable value chainSpeaker: Thiago Serra - Head of Integrated Business Planning at Kraft HeinzWhen: Tuesday, December 2, 2025, 2:30 PM - 3:00 PM MSTWhere: Gaylord Rockies Resort & Convention Center - 6700 N Gaylord Rockies Blvd, Aurora, CO 80019, United StatesTo see where you can meet OMP next, visit their events calendar here.About OMPOMP helps companies facing complex planning challenges to excel, grow, and thrive by offering the best digitized supply chain planning solution on the market. Hundreds of customers in a wide range of industries - spanning consumer goods, life sciences, chemicals, metals, paper, packaging, plastics - benefit from using OMP's unique Unison Planning™.Contact InformationPhilip VervloesemChief Commercial & Markets Officerpvervloesem@omp.com+1-770-956-2723SOURCE: OMP Copyright 2025 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com

TAIPEI, TAIWAN, Nov 13, 2025 - (ACN Newswire via SeaPRwire.com) - The breathtaking landscapes of Taiwan's northeast coast have once again captured attention, thanks to a recent visit by Hong Kong's popular YouTuber Dida. Through her lens, viewers are invited to experience the poetic charm of the Caoling Historic Trail, where nature and culture meet in quiet harmony.Stretching across New Taipei City and Yilan County, the Caoling Historic Trail dates back to the Qing Dynasty, when it served as an important route linking Tamsui and Yilan. Today, it stands as one of the most beloved hiking paths in Taiwan, celebrated for its seamless blend of mountain and ocean scenery. Along the stone-paved trail, travelers encounter landmarks such as the "Bravery Over Misty Clouds" stone inscription, the Yaokou Viewing Platform, and panoramic vistas that tell stories of both nature and history.Through Dida's perspective, audiences not only witness the dramatic coastline and mist-covered valleys of the northeast but also feel the warmth of local hospitality and the purity of Taiwan's natural landscapes. Walking this trail—"closest to the city yet farthest from its noise"—she captures the serene rhythm of slow travel that defines the island's spirit.Whether you are an adventurous hiker or a traveler seeking a moment of calm in nature, the Caoling Historic Trail welcomes every visitor with its most genuine and timeless beauty. Copyright 2025 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com

- Findings of a supply chain study commissioned by the HKTDC point out that even amid tense US-China relations, many US companies remain deeply engaged in the Chinese market, particularly in the Guangdong-Hong Kong-Macao Greater Bay Area due to its unique and highly concentrated supplier network that is difficult to replace- Mainland enterprises are actively diversifying their supply chains and using Hong Kong as a supply chain management centre, with the city playing a key role in regional supply chain transformation- Hong Kong is a “superconnector” that serves as a crucial gateway for mainland enterprises to expand overseas and for global companies to access the Chinese Mainland market and regional supply chainsHONG KONG, Nov 13, 2025 - (ACN Newswire via SeaPRwire.com) – Hong Kong’s status as the preeminent supply chain “superconnector” has been reaffirmed by a major new US-Hong Kong research initiative. This was one of the key findings of “Strategically Leveraging Supply Chains to Access the Asian Market”, a major new research initiative commissioned by the Hong Kong Trade Development Council (HKTDC) and conducted by the Bay Area Council Economic Institute of the United States.At the heart of the study is a timely analysis of the ways in which the shift in US trade policy has triggered the accelerated reconfiguration of global supply chains, creating a raft of new challenges and opportunities along the way.While full details of the analysis will be published in December, preliminary findings introduced in the run-up to the 15th Asian Logistics, Maritime and Aviation Conference (ALMAC) indicate heightened geopolitical tensions, evolving trade policies, environmental pressures and technological advancements as becoming the collective catalyst for a supply chain revolution that is impacting every aspect of the global economy. In the wake of this mass recalibration, companies are reassessing their operations and looking to manage hitherto unencountered risks, ensuring that resilience is now prioritised alongside cost management and consistent competitiveness. This will inevitably impact the primacy of Asia’s role within this transformed landscape.The US research team was headed by Sean Randolph, Senior Director of the Bay Area Council Economic Institute, an acknowledged authority on economic and policy issues. Detailing the transformation underway, Mr Randolph said that the adoption of strategies such as reshoring, nearshoring and developing redundant supply routes by many global businesses is accelerating the regionalisation of supply chains. This shift, he said, has been partly driven by the regional trade agreements in place, but also by the need for greater supply chain security and a desire for proximity.Expanding on this, Mr Randolph said: “Companies are diversifying their manufacturing bases, while relocating certain activities from China to other countries in Southeast Asia, India and Mexico – adopting the so-called ‘China+1’ strategy in order to ensure resilience and reduce risk exposure.“At the same time, despite the ongoing bilateral friction, it is notable that many US companies remain deeply engaged with China. This is largely on account of the country’s unique concentration of suppliers – especially in the case of such regions as the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) – which cannot be easily replaced or replicated elsewhere. Indeed, a number of recent surveys and announcements – including major Chinese Mainland investment commitments by businesses of the stature of Nvidia and Apple – have clearly demonstrated that, for many US businesses, China remains a key locale, with their engagement at least partly due to the indispensability of the broader regional supply chains.”Hong Kong can benefit as mainland enterprises look to diversify supply chainsNoting that the new tariffs and President Trump’s changed trade priorities have given some countries comparative advantages when exporting to the US, HKTDC Director of Research Irina Fan said: “In a development likely to bolster China’s stature as a production base, following early November’s US-China trade agreement, Chinese imports to the United States will be subject to a 20% tariff rate (10% reciprocal tariff + 10% fentanyl related) for the period 10 November 2025 to 10 November 2026. This comparatively low tariff level puts China-based suppliers on a par with many of their Southeast Asia counterparts, while providing them with a significant competitive advantage over countries with a higher tariff rate.”Maintaining that this does not suggest that Chinese Mainland businesses are complacent about their status, Ms Fan added: “Currently, many mainland enterprises are proactively taking steps to diversify and strengthen their supply chains, with a significant number of them leveraging Hong Kong as their supply chain management centre. Overall, Hong Kong is clearly set to play an increasingly important role in the ongoing supply chain transformation process, a change that is being driven by the region’s deeper economic integration and the new generation of supply chain networks.”The report cited the electric vehicle (EV) sector as one example where Hong Kong is already playing a pivotal role in the regional supply chain transformation process. As mainland-based automotive manufacturers, as well as their global counterparts, prioritise the expansion of EV and battery production in Southeast Asia, Hong Kong has more than proved its worth as a crucial investment and financial hub, acting as an effective conduit for significant capital to be channelled into countries such as Indonesia, Thailand and Malaysia. More generally, recent investment data also clearly indicated that Chinese Mainland companies are increasingly utilising Hong Kong as the support platform for many of their regional projects.This outcome is likely to be bolstered by Hong Kong’s wide-ranging financial and professional services sectors, as well as the city’s agility in adapting to technological transformation and the evolving regulatory landscape – attributes that collectively position it as an indispensable nexus for international businesses.Summing up the report’s assessment of Hong Kong, Ms Fan said: “Essentially, this new research highlights Hong Kong’s vital roles as both a superconnector and a super-value-adder, while confirming the city’s status as the key enabler for any mainland enterprise looking to expand overseas, and simultaneously serving as a gateway for any global company looking to access the revitalised regional supply chains and the China market. This ubiquity is reflected within Hong Kong itself, with the city now home to an ever-higher number of overseas businesses, including 1,390 US companies, as of June 2024.”Flagship logistics event set to address regional supply chain developmentsThe rise of regional supply chains and the implications for global trade will be among the many key issues addressed at the upcoming ALMAC, which will be held at the Hong Kong Convention and Exhibition Centre on 17 and 18 November. Organised by the Hong Kong SAR Government and the HKTDC, the event will bring together some 80 distinguished speakers and is expected to attract 2,300 participants from more than 40 countries and regions. In line with the policies outlined in the Fourth Plenary Session of the 20th Communist Party of China Central Committee and the 2025 Policy Address, the event will focus on many of the recent moves to further enhance Hong Kong’s status as an international shipping centre and global logistics hub.As the annual flagship event for the logistics, maritime and aviation sectors, ALMAC 2025 is running under the theme “Collaboration and Growth in the New Trade Landscape”, reflecting the event’s commitment to exploring trends and opportunities in the fields of logistics, shipping and air freight. Ultimately, the aims of the event are to foster the high-quality development of logistics and supply chain management, deepen international engagement, and facilitate practical cooperation throughout the logistics industry.Report and photo download: https://bit.ly/49Q8aFI“Strategically Leveraging Supply Chains to Access the Asian Market” is the major new research initiative commissioned by the HKTDC and conducted by the Bay Area Council Economic Institute of the United States. Pictured at a press conference to announce the release of the report are, from left, Irina Fan, Director of Research of the HKTDC, and Sean Randolph, Senior Director of the Bay Area Council Economic InstituteIrina Fan, Director of Research of the HKTDC, noted that many Chinese Mainland enterprises are proactively taking steps to diversify and strengthen their supply chains, with a significant number of them leveraging Hong Kong as their supply chain management centre. Overall, Hong Kong is clearly set to play an increasingly important role in the ongoing supply chain transformation processSean Randolph, Senior Director of the Bay Area Council Economic Institute, said that despite the ongoing bilateral friction, it is notable that many US companies remain deeply engaged with China. This is largely on account of the country’s unique concentration of suppliers – especially in the case of such regions as the Guangdong-Hong Kong-Macao Greater Bay Area– which cannot be easily replaced or replicated elsewhereIntroduction to Sean Randolph, Senior Director, Bay Area Council Economic InstituteSean Randolph served as President and Chief Executive of the Bay Area Council Economic Institute from 1998 to 2015. The Economic Institute is a business-supported public policy research and strategy organisation that focuses on the economy of the San Francisco/Silicon Valley Bay Area and California. He previously served as Director of International Trade for the State of California, and, before that, as International Director General of the Pacific Basin Economic Council (PBEC), a 1,000-member Asia-Pacific business organisation. His professional career includes service in the US Government on Congressional staffs, the White House staff, and in senior positions at the Departments of State and Energy, including as Deputy/Ambassador-at-Large for Pacific Basin Affairs and Deputy Assistant Secretary of Energy for International Affairs. Based in San Francisco, he writes for regional, US and global media and frequently speaks to Bay Area and international audiences on technology, innovation and global economic issues.HKTDC Research Website: https://research.hktdc.com/enMedia enquiriesYuan Tung Financial RelationsLouise SongTel: (852) 3428 5690Email: lsong@yuantung.com.hkTiffany LeungTel: (852) 3428 2361Email: tleung@yuantung.com.hkHKTDC’s Communications & Public Affairs Department:Johnny Tsui Tel: (852) 2584 4395Email: johnny.cy.tsui@hktdc.orgClayton LauwTel: (852) 2584 4472Email: clayton.y.lauw@hktdc.orgMedia Room: http://mediaroom.hktdc.comAbout HKTDCThe Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With over 50 offices globally, including 13 in the Chinese Mainland, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Copyright 2025 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com

HONG KONG, Nov 13, 2025 - (ACN Newswire via SeaPRwire.com) – Dynasty Fine Wines Group Limited (“Dynasty” or the “Group”) (Stock Code: 00828), a premier winemaker in China, has won the Silver Medal in the Sparkling Wine/China category, the Silver Medal in the Dry Wine/China category, and the Bronze Medal in the Medium/China category for its Dynasty Tianyang Winery Jasmine Sparkling Wine, Dynasty Inherit Series - Dry Red Wine, and Dynasty Inherit Series - Semi Dry White Wine, respectively, at the 2025 Cathay Global Wine & Spirits Awards Asia (GWSAA) (formerly known as the Cathay Hong Kong International Wine & Spirit Competition (“HKIWSC”)). This marks the 15th consecutive year that Dynasty products have won awards at the event, demonstrating industry-wide recognition of Dynasty’s exceptional winemaking skill and quality. Notably, Dynasty’s first-ever award in international competition for its Tianyang Winery Jasmine Sparkling Wine represents a significant milestone in the Company's development in the tea-flavoured sparkling wine sector. The three award-winning wines were also showcased at the 2025 Hong Kong International Wine & Spirits Fair.The GWSAA is a renowned wine and spirits competition in Asia, dedicated to showcasing the distinctive tastes and perspectives of the Asian market to the global industry. This year’s competition invited experts from across Asia, including sommeliers, educators, media professionals, and trade specialists, to conduct professional blind tastings and evaluations. As these Asian experts possess a deep understanding of Asian consumers' taste preferences, market dynamics, and purchasing behaviors, they are uniquely qualified to select top Asian wines that highlight regional characteristics, thereby providing Asian consumers with the most authoritative wine and spirit guide.Mr. Wan Shoupeng, Chairman of Dynasty, said, "The awards we have received for three of our products at Asia’s top wine and spirits competition stand as a powerful testament to the wine industry's recognition of Dynasty wine’s quality and craftsmanship, and represent a tremendous honor and encouragement for the Group. I would like to thank the judging panel for affirming the quality of Dynasty products. We will continue to strive for excellence and deliver superior craftsmanship to stimulate brand vitality and bring Dynasty wines to the global stage.”Below are the Dynasty products that won medals at the 2025 GWSAA:The 2025 Cathay Global Wine & Spirits Awards Asia Silver MedalDynasty Tianyang Winery Jasmine Sparkling WineThis sparkling wine is made with Dynasty’s dry white wine base, apple juice, and jasmine tea, and then cold-brewed at a low temperature. The fruity grape aroma and jasmine tea fragrance blend perfectly, resulting in a smooth body, delicate bubbles, and a clean, refreshing taste.The 2025 Cathay Global Wine & Spirits Awards Asia Silver MedalDynasty Inherit Series - Dry Red Wine This wine is mainly made from Cabernet Sauvignon grapes harvested from the eastern foothills of the Helan Mountains in Ningxia and the northern foothills of the Tianshan Mountains in Xinjiang. It presents a beautiful deep ruby hue, with flavours of ripe mulberries and blackberries enveloped by elegant oak aromas. It is smooth and sweet on the palate, with fine tannins, a round, full body, and vibrant character with a lingering finish.The 2025 Cathay Global Wine & Spirits Awards Asia Bronze MedalDynasty Inherit Series - Semi Dry White Wine This wine is mainly crafted from premium Muscat grapes sourced from the Tianjin region. The wine is straw yellow, clear and transparent, exuding a rich aroma of roses and other white flowers, accompanied by fruity notes of fresh lemon and ripe pineapple. The wine has an elegant aroma, a sweet and delicate taste, and a lively, refreshing body.In recent years, Dynasty has won many industry and market awards, including:YearAwards2020- Six wines won one Platinum Award, one Gold Award, two Silver Awards, one Bronze Award and one Seal of Approval at the “Wine.Luxe International Awards”- Dynasty X.O. 18 Years Old Brandy won the Grand Gold Award at the “2020 International Wine Grand Challenge”- Dynasty won a Silver Award and two Bronze Awards at “The Asian Cabernet Sauvignon Masters” and “The Asian Sparkling Wine Masters” hosted by The Drinks Business Asia- Dynasty garnered two Silver Awards and two Bronze Awards at the “2020 HKIWSC”2021- Dynasty won two Gold Awards, one Silver Award and two Bronze Awards at the “Wine.Luxe International Awards 2020”- Dynasty won three Silver Awards at “The Asian Cabernet Sauvignon Masters 2021”and “The DB Asia Summer Tasting 2021” hosted by the Drinks Business Asia- Dynasty Garnered Two Silver Awards at the “2021 HKIWSC”2022- Dynasty won two Silver Awards at “The Asian Cabernet Sauvignon Masters 2022” hosted by the Drinks Business Asia- “Dynasty Dry Red Wine – Seven-Year Reserve” won the Gold Medal at the “International Wine Grand Challenge (IWGC (China))”- Dynasty Garnered Two Bronze Awards at the “2022 HKIWSC”2023- Dynasty Garnered Two Bronze Awards at the 2023 IWSC for the first time- Dynasty won the Master Medal, Silver Medal and Bronze Medal at “The Asian Sparkling Masters 2023” and “The Asian Cabernet Sauvignon Masters 2023” hosted by the Drinks Business Asia- Dynasty won the Gold Medal at the “25th Spirits Selection by Concours Mondial de Bruxelles”- Dynasty won one Gold Medal and two Bronze Medals at the “2023 HKIWSC”2024- Dynasty won the Silver Medal and Bronze Medal at “The Asian Chardonnay Masters 2024” and “The Asian Cabernet Sauvignon Masters 2024” hosted by the Drinks Business Asia- Dynasty won one Gold Award and one Bronze Award at the 2024 IWSC- Dynasty won one Grand Gold and one Silver Medals at the "2024 Fall FIWA, FIWA Bio & FISA"- Dynasty won one Silver and one Bronze Medals at the "2024 HKIWSC"2025- Four wines won awards at the 2024 "Qingzhuo Award" hosted by the China Alcoholic Drinks Association- Dynasty won one Grand Gold Medal and one Gold Medal at the "France International Wine Awards, China Region, Spring 2025"- Dynasty garnered one Silver Medal at the 2025 IWSC- Dynasty won two Gold Medals and one Bronze Medal at the 2025 “Wine.Luxe International Awards”- Dynasty won two Silver and one Bronze Medals at 2025 GWSAAAbout 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. All rights reserved. www.acnnewswire.com

HONG KONG, Nov 13, 2025 - (ACN Newswire via SeaPRwire.com) - Identity verification and compliance service Blockpass is delighted to reveal that it will be providing its expertise and solutions to Chainproof, the world’s first regulated smart contract insurer. In this partnership, Blockpass will provide essential compliance services for Chainproof’s customers and counterparties.Chainproof is a primary insurance carrier licensed and regulated by the Bermuda Monetary Authority (BMA) focused on non-custodial crypto risks. The company offers smart contract insurance (protecting on-chain deposits against covered loss events in audited protocols), slashing insurance for proof-of-stake validators and node operators, and a staking yield guarantee designed for institutional staking programs. Chainproof combines regulatory oversight with bespoke underwriting for institutions, asset managers, ETFs, and digital-asset treasury companies, and is backed by a top global reinsurer, supported by strategic investors including Sompo, and founded by Quantstamp, a global leader in blockchain security.Blockpass, the Safe Network for Crypto™, has pioneered reusable identities and crypto-native KYC/AML solutions. Its turnkey suite of compliance tools is designed to lower onboarding costs, automate remediation, prove humanity, and protect against malicious actors, fraudulent activities, bots, and AI. Businesses can set up services quickly, test them for free, and start verifying users. With around one million verified identity profiles, Blockpass facilitates instant onboarding, and to date, over a thousand businesses have taken advantage of this opportunity to benefit from Blockpass’ compliant network. With the recent addition of On-Chain KYC® 2.0, businesses are now empowered to create verified, reusable digital identities for users, both on the blockchain through on-chain attestations, or off the blockchain through zero-knowledge proofs, providing a single, interoperable, and simple solution for dApps and other platforms."Smart contracts hold perhaps the biggest potential out of all the opportunities that blockchain technology provides, so ensuring the protection of those that seek to use them and utilize them is essential for the continued development of the type of groundbreaking solutions that we’re already seeing,” said Adam Vaziri, Blockpass CEO. “To be able to work with Chainproof on this is an honor and a privilege, and with Chainproof holding regulations and compliance as paramount as they help secure the digital asset space, we know that our goals are aligned.”“Institutional clients need speed, auditability, and uncompromising controls,” said Tyler Kraus, Chief Compliance Officer at Chainproof. “Integrating Blockpass helps us accelerate KYB and sanctions screening while maintaining the regulatory rigor expected of a Bermuda-regulated insurer. That means less friction for qualified applicants and stronger defenses against financial crime as we scale smart contract insurance, slashing insurance, and our staking yield guarantee for global institutions.”By integrating Blockpass and its KYB abilities in particular, Chainproof adds another layer of security to the services it provides, making the blockchain space that much more safe for those that leverage the potential of smart contracts. Backed by the evaluation and development in the BMA Innovation Sandbox before being awarded its license, this move is the latest in Chainproof’s efforts to provide the ultimate insurance service. In keeping bad actors and risks out of the ecosystem, Chainproof and Blockpass ensure that the development of innovative and amazing solutions can continue unabated.About BlockpassBlockpass offers a cost-effective, comprehensive suite of Web3 compliance solutions: KYC, KYB, and AML. Our tools, including the groundbreaking On-Chain KYC 2.0® for verified, reusable digital identities (via on-chain attestations and ZKPs), lower onboarding costs, automate processes, and prevent fraud. We also provide an Advanced KYC Bot™to support your users, Unhosted Wallet KYC™ for wallet certification, and a Travel Rule Hub. Blockpass has specialized solutions for launchpads, private token offerings, and node sales, plus expert compliance outsourcing. Leveraging over a million pre-verified crypto investors enables instant onboarding. Blockpass is a trusted partner for industry leaders like Animoca Brands, Cardano, and RWA Inc., helping build the Safe Network for Crypto™.Learn more and engage the Blockpass team:Website: https://www.blockpass.orgBook a Demo: https://www.blockpass.org/book-your-call/About ChainproofChainproof is a regulated primary insurance carrier covering non-custodial smart-contract risks, slashing risks, and staking yield for institutions. Incubated by Quantstamp, supported by strategic investors including Sompo, and backed by a top global reinsurer, Chainproof delivers high-limit, bespoke coverage for asset managers, ETFs, institutional treasuries, and validators—underpinned by rigorous security assessments and transparent claims handling.Learn more at Chainproof.co or on Twitter/X @ChainproofDAI. Copyright 2025 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com

HONG KONG, Nov 12, 2025 - (ACN Newswire via SeaPRwire.com) – Hong Kong is seen as a priority market and an essential trading partner by many of Italy’s increasingly Asia-focused businesses. This is among the key findings of a new report – Italian Companies’ Asian Expansion Priorities: Innovation, Healthcare and Retail Sectors – jointly conducted by the Hong Kong Trade Development Council (HKTDC) and the Milan-headquartered Italy China Council Foundation (ICCF).The research forms part of the forthcoming edition of the HKTDC’s signature promotion campaign Think Business, Think Hong Kong (TBTHK), set to take place in Milan, Italy on 27 November. The event will bring together over 700 business leaders, officials and investors from both Hong Kong and Italy to discover business and partnership opportunities in Asia.Primarily targeted at Italian companies with business in Hong Kong, the Chinese Mainland and Asia, the research survey was conducted in Q3 2025, covering 172 Italian C-suite and senior business leaders.Commenting on the significance of the report, Irina Fan, Director of HKTDC Research, said: “According to the survey findings, 77% of Italian businesses are genuinely enthusiastic when it comes to expanding in Asia, with the Chinese Mainland and Hong Kong being their priority markets.”“It is particularly gratifying to see Hong Kong poised to play such a vital role in facilitating the Asia expansion of such businesses. When asked about how Hong Kong can facilitate Italian business expansion in Asia over the next three years, some 93% of respondents believe Hong Kong can effectively support their future Asia expansion plans. Its unrivalled status as a strategic gateway to many Asian markets, as well as its capabilities as a logistics and supply chain management hub, were also widely acknowledged,” she added.Facilitating expansion and leveraging trade agreementsWhen it came to future opportunities, the survey also highlighted the relatively limited awareness and low utilisation of many regional trade agreements. In particular, two agreements emerged as having significant potential to transform the commercial relationship between Hong Kong and Italy.The Regional Comprehensive Economic Partnership (RCEP) is the world’s largest free trade agreement, encompassing the ASEAN bloc, the Chinese Mainland, Japan, South Korea, Australia and New Zealand. While 51% of respondents are currently capitalising on its benefits, huge untapped potential remains. Should Hong Kong’s application to join the RCEP be successful, 60% of Italian enterprises anticipate that it would unlock new economic opportunities and strengthen their engagement with the city.Another pivotal agreement is the Closer Economic Partnership Arrangement (CEPA), which has provided Hong Kong-based suppliers of goods and services with privileged access to the vast Chinese Mainland market since 2003. Despite CEPA having been in place for many years, some 80% of the Italian businesses surveyed were unaware of the agreement or how to leverage its benefits. This reveals a major opportunity, as only 12% are currently making use of CEPA’s advantages through strategic partnerships in Hong Kong.Putting the survey and its findings into perspective, Sara Berloto, Head of Research for the ICCF, said: “The survey highlighted many Italian companies can better leverage several existing regional trade agreements. This was most notably the case with the RCEP and CEPA. Overall, there is a real need for comprehensive information, training, and institutional support initiatives in order to ensure companies — especially SMEs — can heighten their strategic utilisation of such agreements.”Apparent opportunities amid already strong tiesLooking at the broader picture, the scale of opportunity available to Hong Kong SMEs is striking. Most notably, 77% of Italian companies plan to expand within Asia over the next three years, with the Chinese Mainland, Hong Kong, Japan, South Korea and India cited as their preferred markets.By sector, 95% of Italian innovation and technology companies plan to expand in Asia, followed by 88% of healthcare companies and 86% of enterprises in the retail /wholesale sector. These findings align well with Hong Kong's new industry focus on innovation and technology, the life sciences and healthtech, as well as the raft of ambitious e-commerce initiatives the city has committed to.Such developments would further enhance the strong business relationship between Italy and Hong Kong. In 2024, trade between the two amounted to US$8.3 billion (HK$64.5 billion), positioning Italy as Hong Kong’s fourth-largest EU trading partner and export market and its third-largest EU import market.As of the end of 2023, Hong Kong was the third most significant destination for Italian investment in Asia. Hong Kong investors also made substantial investments in Italy, with the city being the third-largest Asian investor in the country. As of 2024, there were some 200 Italian companies active in Hong Kong.Think Business, Think Hong KongThe full survey report will be launched at TBTHK in Milan on 27 November.After successful Paris and Jakarta editions, TBTHK Milan will bring together some 80 delegates from Hong Kong, including government officials, top business and creative industry leaders, corporate service professionals, investors and start-up entrepreneurs, for a day of dialogue, networking and partnership-building with Italian companies keen to expand into Asia.The mega promotion will feature a symposium and an exhibition comprising the Business Support Zone and InnoVenture Salon, where some 20 Hong Kong service providers and start-ups will showcase their flagship products and solutions. Business matching meetings will be arranged to facilitate deals and collaborations between Italian and Hong Kong companies. The programme also includes the Hong Kong Dinner. At the symposium, Paul Chan, Financial Secretary of the Hong Kong SAR, Prof Frederick Ma, HKTDC Chairman, along with representatives from the Italian government, will deliver remarks. High-profile speakers from various industries will share their insights at the Plenary Session. The agenda also includes five thematic sessions, each dedicated to a strategic area including finance and trade, innovation and technology, global supply chains, as well as creativity and design. These sessions reflect shared priorities between Hong Kong and Italy and offer in-depth insights into practical collaboration opportunities. To view press releases in Chinese, please visit http://mediaroom.hktdc.com/tc References- HKTDC Research website: https://research.hktdc.com/en/ Photo download: https://bit.ly/3LxXv8I(From left) Director of HKTDC Research Irina Fan, Principal Economist (Global Research Team) Alice Tsang and Senior Economist (Global Research Team) Simeon Woo previewed findings of a new report – Italian Companies’ Asian Expansion Priorities: Innovation, Healthcare and Retail Sectors – at a press conference todayIrina Fan, Director of HKTDC ResearchAlice Tsang, Principal Economist (Global Research Team), HKTDCSimeon Woo, Senior Economist (Global Research Team), HKTDCFollowing the successful Think Business, Think Hong Kong in Jakarta in January, this mega promotion will take place in Milan, Italy, on 27 NovemberMedia enquiriesPlease contact the HKTDC’s Communication and Public Affairs Department:Jane CheungTel: (852) 2584 4137Email: jane.mh.cheung@hktdc.orgAbout HKTDCThe Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With over 50 offices globally, including 13 in the Chinese Mainland, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Copyright 2025 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com

THE HAGUE, NETHERLANDS, Nov 12, 2025 - (ACN Newswire via SeaPRwire.com) - The Global Anti-Scam Alliance (GASA) will release its State of Scam Brazil Report 2025 on November 13, revealing an alarming disconnect between confidence and vulnerability: while 75% of Brazilians believe they can recognize scams, 70% have fallen victim to at least one within the past year. The report estimates total losses at R$99 billion, underscoring the urgent need for coordinated action across sectors.State of Scams in BrazilPart of a landmark global study covering 42 markets and interviewing 46,000 people worldwide, the Brazilian findings from 1,000 adults paint a troubling picture of daily vulnerability. Brazilians encounter scams on average once every day and a half - totaling 252 encounters per person annually. These encounters occur most frequently through phone calls (65%), text messages (55%), and email (55%), with shopping scams emerging as the most common type of fraud."Scams have become part of everyday life in Brazil. The fact that most people feel confident spotting scams, yet continue to fall for them, shows how sophisticated and convincing these schemes have become," said Renata Salvini, GASA Chapter Director Brazil. "Education, prevention, collaboration, and accountability must go hand in hand if we want to stop this cycle."The Human Cost Beyond Financial LossThe report reveals that 86% of scam victims felt very or somewhat stressed by their experience, while 59% reported significant or moderate impacts on their mental wellbeing. On average, each victim has been scammed 1.9 times in the past year, demonstrating how repeat victimization compounds both financial and psychological harm.Despite the prevalence of scams, reporting remains disappointingly low. While just over two-thirds of those exposed have reported an incident, 60% of those who did report said either no action was taken (44%) or they were unsure of the outcome (16%). Among those who never reported, 44% cited the belief that reporting wouldn't make a difference - reflecting a troubling perception that the problem is unmanageable.Taking Action: Cross-Sector SolutionsIn response to these findings, GASA will host a webinar on November 13, 2025, at 11:00 AM (Brasília Time) titled "State of Scams in Brazil: Turning the Tide on Scams." The session will explore concrete strategies and coordinated actions to combat the growing scam epidemic in Brazil, featuring a distinguished panel of experts sharing insights from the legal, technology, and financial sectors.Register for the webinar: https://streamyard.com/watch/wGnWNAayknPDRead the report:Read the full reportNovember 13 webinarRead the full release, including methodology & boilerplateContact InformationMetje van der MeerMarketing Directormetje.vandermeer@gasa.orgSOURCE: Global Anti-Scam Alliance Copyright 2025 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com

SINGAPORE, Nov 12, 2025 - (ACN Newswire via SeaPRwire.com) - Singapore Exchange Catalist-listed Mooreast Holdings Ltd. (“Mooreast” or the “Group”) announced today that it will commence feasibility studies this month to develop large-scale renewable energy (“RE”) projects of up to 500 megawatts (“MW”) in Timor-Leste.The feasibility studies have been confirmed to progress after Mooreast entered into a Letter of Intent (“LOI”) with Secretario de Estado de Electricidade Agua e Saneamento (“SEEAS”), the secretariat for Electricity, Water and Sanitation under Timor-Leste’s Ministry of Public Works, to develop between 300 and 500 MW of floating RE over a five- to 10-year period.Mooreast said it will conduct due diligence and assessment of locations off Timor-Leste’s coastline that would be suitable for development of projects to generate energy from floating wind, solar, hydroelectric, tidal, current and wave.The LOI is part of a broader proposal for Mooreast to undertake a proposed RE Development Plan in two phases. The plan is intended to accelerate development of the country’s significant untapped RE resources, including excellent wind potential along the north and south coasts.Timor-Leste, a country of approximately 15,000 square kilometres that shares borders with Indonesia and Australia, currently relies mostly on diesel-fired power plants to meet its energy needs. It has targeted 100% national electrification by 2030 by substantially diversifying into RE.Timor-Leste gained full independence in 2002 and was formally admitted as the 11th member of the Association of Southeast Asian Nations at the 47th ASEAN Summit held in Kuala Lumpur last month.As part of the RE Development Plan, Mooreast will also be engaged to upgrade grid transmission and infrastructure for RE integration, set up pilot microgrids for remote communities, explore the potential to export power and hydrogen fuel and introduce smart-grid technologies and systems for energy storage.Mooreast will have exclusivity for 12 months to conduct feasibility studies, evaluate and propose commercial and financing models. Both parties will then enter into a formal Project Development Agreement (“PDA”), likely in the first half of 2026.The PDA is expected to include, amongst others: i) joint-ventures to develop the projects; ii) establishing investment and financing models including green finance and fiscal incentives as well as co-investment opportunities with sovereign funds and financial institutions; iii) defining the responsibilities of the state-owned electricity and energy company, Electricidade de Timor-Leste (“EDTL”), relating to necessary rights and permits; iv) defining the role of Mooreast, including for Engineering, Procurement, Construction and Installation (“EPCI”) and floating RE; and v) the terms of long-term Power Purchase Agreements.A specialist in the offshore and marine sector providing mooring and rigging solutions, Mooreast is Asia’s only ultra-high power anchor designer and manufacturer. It has been expanding its presence in Europe and Asia amid increasing commercialisation of floating wind energy projects worldwide.Mr Eirik Ellingsen, CEO of Mooreast, said: “Timor-Leste has significant potential for floating renewable energy, which can be harnessed for economic growth and to achieve national goals of electrification and sustainability. We are excited by the opportunity to leverage our capabilities and networks to achieve a win-win formula.”About Mooreast Holdings Ltd.A leader in total mooring solutions, Mooreast offers design, engineering, fabrication, supply and logistics, installation and commissioning of mooring systems to the offshore oil & gas, marine and offshore renewable energy industries.With close to three decades of experience, Mooreast is applying its track record and expertise in mooring solutions to floating renewable energy projects, in particular floating offshore wind farms. It has successfully participated in developmental and prototype projects for floating offshore wind turbines in Japan and Europe.For more information, please visit https://mooreast.com/Media & Investor Contact Information:WeR1 Consultants Pte LtdIsaac Tang, mooreast@wer1.net (M: +65 9748 0688) Copyright 2025 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com

MINNEAPOLIS, MN, Nov 12, 2025 - (ACN Newswire via SeaPRwire.com) - Air T, Inc. (NASDAQ:AIRT) is pleased to announce that a majority of Rex's creditors-both in number and in value-have voted in favor of our bid to acquire Rex at the second meeting of creditors held on 11 November 2025.This strong endorsement reflects confidence in our vision for Rex and our commitment to regional aviation in Australia. We take our responsibilities under the proposed Deed of Company Arrangement seriously.We understand the Administrators intend to close the transaction by year-end, and we are working closely with all parties to ensure a smooth and timely completion.Air T is grateful for the support shown throughout this process and looks forward to finalizing the acquisition and beginning a new chapter for Rex and regional communities across Australia.NOTE REGARDING STAKEHOLDER QUESTIONSIf you have questions related to this release or other Air T matters, please use our interactive Q&A capability, through Slido.com, accessible from our website, to submit your questions. We intend to keep that link open and available for shareholder questions. Questions submitted through Slido will be answered "live" and in writing at our Annual Meeting, and via a written response on a quarterly basis. Note that legal and pragmatic requirements restrict us from answering every question posted, yet we intend to address all reasonable and relevant questions with a written answer.ABOUT AIR T, INC.Established in 1980, Air T Inc. is a portfolio of powerful businesses and financial assets, each of which is independent yet interrelated. Its core segments are overnight air cargo, ground support equipment, commercial aircraft, engines and parts, and digital solutions. We seek to expand, strengthen and diversify Air T's after-tax cash flow per share. Our goal is to build Air T's core businesses, and when appropriate, to expand into adjacent and other industries. We seek to activate growth and overcome challenges while delivering meaningful value for all stakeholders. For more information, visit www.airt.com. The information on our website is available for information purposes only and is not incorporated by reference into this press release.FORWARD-LOOKING STATEMENTSCertain statements in this press release, including those contained in "Overview," are "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to the Company's financial condition, results of operations, plans, objectives, future performance and business. Forward-looking statements include those preceded by, followed by or that include the words "believes", "pending", "future", "expects", "anticipates," "intends", "estimates", "depends", "will" or similar expressions. These forward-looking statements involve risks and uncertainties. Actual results may differ materially from those contemplated by such forward-looking statements, because of, among other things, potential risks and uncertainties, such as:An inability to finance our operations through bank or other financing or through the sale or issuance of debt or equity securities;Economic and industry conditions in the Company's markets;The risk that contracts with FedEx could be terminated or adversely modified;The risk that the number of aircraft operated for FedEx is reduced;The risk that GGS customers will defer or reduce significant orders for deicing equipment;The impact of any terrorist activities or armed conflict on United States soil or abroad;Changes in U.S. and foreign trade regulations and tariffs;The Company's ability to manage its cost structure for operating expenses, or unanticipated capital requirements, and match them to shifting customer service requirements and production volume levels;The Company's ability to meet debt service covenants and to refinance existing debt obligations;The risk of injury or other damage arising from accidents involving the Company's overnight air cargo operations, equipment or parts sold and/or services provided;Market acceptance of the Company's commercial and military equipment and services;Competition from other providers of similar equipment and services;Changes in government regulation and technology;Changes in the value of marketable securities held as investments;Mild winter weather conditions reducing the demand for deicing equipment;Market acceptance and operational success of the Company's aircraft asset management business and related aircraft capital joint venture; andDespite our current indebtedness levels, we and our subsidiaries may still be able to incur substantially more debt, which could further exacerbate the risks associated with our substantial leverage.A forward-looking statement is neither a prediction nor a guarantee of future events or circumstances, and those future events or circumstances may not occur. We are under no obligation, and we expressly disclaim any obligation, to update or alter any forward-looking statements, whether as a result of new information, future events or otherwise.CONTACTTracy KennedyChief Financial Officertkennedy@airt.comSOURCE: Air T, Inc. Copyright 2025 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com