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On 6 November 2025, MSCI revealed the results of its November 2025 index review. Of which, 199 listed companies were added to the MSCI Global Investable Market Indexes, while 211 companies were removed.Among the latest addition, the Singapore-headquarteredHong Kong-listed company Home Control International Limited will become a constituent, with the changes expected to take effect after the market close on 24 November 2025.Since 1992, Home Control was a home control solutions business unit under Koninklijke Philips N.V., focusing on the development of remote-control technologies and other home media products. In 2015, it has began operating as an independent company, and continues to be a leading international smart control technologies provider. Thus, the current management team has extensive experience in home control solutions and consumer electronics industries, along with strong know-how in the Internet of Things (IoT) and smart home control technologies. Over the years, the company has maintained strong presence in Europe and North America. From the information available from the company’s official website and other public platforms, it also showcases the company’s long list of blue-chip clients. These include AT&T Services Inc. in North America; Sky CP Limited, British Telecommunications PLC, Vodafone Group Services Limited, and Liberty Global Services B.V. in Europe; as well as Reliance Retail Limited and Bharti Airtel Limited in Asia. According to the recent announcements, the company has also further extended its business footprint into the healthcare sector, developing AIoT-driven home health platforms and ecosystems. The diversified business composition has laid a solid foundation for the company’s sustainable growth.The MSCI Index serves as one of the most widely used investment benchmarks among global portfolio managers. It undergoes reviews regularly every year based on stringent criteria including company market capitalization, liquidity, trading volume, and stock price, with its universe covering enterprises with outstanding performance and growth potential across global capital markets. Changes in the index constituents exert significant influence on institutional investors' decision to refine their investment portfolios.As a result, becoming a MSCI Index Constituent represents a significant milestone for Home Control, reflecting the strong market recognition of the company’s strategic positioning and business performance. It also serves as a testament to the company’s sound corporate governance, professional management, and solid industry standing. This adjustment is expected to further enhance its international visibility, attract greater interest from global investors, and improve stock liquidity, creating greater value forshareholders.Source: https://www.businesswire.com/news/home/20251105319981/en/MSCI-Equity-Indexes-November-2025-Index-Review07/11/2025 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.comView original content: EQS News

Recent news shows that several mainstream institutions, including Hang Seng Indexes, China Index, and Wind, have all raised their ESG ratings for Huitongda Network (9878.HK) in 2025.This highlights Huitongda's consistent approach and adherence to national strategies and missions, maintaining a fine balance between corporate development and social responsibility under guiding policies such as "expanding domestic demand," "building a unified national market," "focusing on developing the real economy," and "cultivating and strengthening emerging industries". It also underscores Huitongda’s growing emphasis on ESG and governance, effectively translating ESG standards into key elements that would support strategic decision-making and long-term development.The capital market is paying increasing attention to corporate ESG management, and the size of ESG-related funds is also steadily growing. As of the end of June this year, the total market size of global ESG funds exceeded US$3.5 trillion, and market trading activity remained high. ESG performance has become an important factor for global funds when considering investment decisions, especially those in Europe and the US. Large institutions, including the Norwegian sovereign wealth fund, have fully incorporated ESG performance into their investment assessment systems, with highly rated companies likely to attract international and long-term capital. Since 2025, Huitongda has made strides in ESG-related work, further improving its ESG governance structure with the establishment of a Sustainable Development (ESG) Committee.In its annual ESG report released in April this year, Huitongda emphasized that it will deeply integrate ESG concepts into corporate practices, actively promoting rural revitalization, urban-rural integration, the construction of a sustainable industrial and retail ecosystem in the lower-tier markets, and collaborations with upstream and downstream partners and other stakeholders. Over the past six months, Huitongda's ESG practices have been widely recognized by the industry, earning notable recognitions including the "Outstanding ESG Exemplary Enterprise of the Year" jointly awarded by the Greater Bay Area Financiers Association and China Chengxin Green Finance Co., Ltd, and the “Best ESG Pioneer and Practices – Listed Company” Award at “Golden Kunpeng” China Financial Value Rankings hosted by Hong Kong Commercial Daily.The Hang Seng ESG rating covers approximately 1,800 major listed companies in Hong Kong and Shenzhen. Its results are directly used to select constituent stocks for the Hang Seng Sustainability Index series, serving as an important "green threshold" for international funds to invest in Chinese assets. The rating not only reflects a company's true resilience across ESG, but also determines whether it falls into the investable universe of passive ESG funds and large sovereign wealth funds.Huitongda's latest sustainability rating from Hang Seng Indexes has risen from BBB- to BBB. The company comprehensively serves over 250,000 traditional rural family-owned businesses across China by building a "smart supply chain system" and leveraging new technologies such as AI. This helps these stores transform into digital operations, expand sales, and stimulate regional market demand, creating both economic and social value at the same time. Huitongda's business strategies in China's vast rural areas have long been aligned with national policies, and in recent years, it has received numerous qualifications and honors from local governments and authorities.Meanwhile, Wind ESG upgraded Huitongda's rating from BBB to AA; China Index also upgraded Huitongda's ESG rating from BBB to A with a score of 89.2, ranking first among 45 companies in the multi-category retail industry.The China Index ESG rating system covers A-shares companies, Hang Seng Composite Index and some Hong Kong listed companies. It uses a nine-tier "AAA-C" system, and is hailed by domestic funds and securities firms as a "localized ESG screener." Companies with higher ratings are more likely to be included in the SSI ESG Leaders Index. As a result, Huitongda's upgrades also reaffirm its outstanding ESG performance and investment value across both A-share and H-share markets.06/11/2025 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.comView original content: EQS News

Leon Inspection (HKEX: 01586.HK) is pleased to announce its sponsorship of the newly published Smart Sidewalk Guide (“the Guide”), developed by the School of Architecture at Carnegie Mellon University (“CMU”). The Guide marks a major stride in the advancement of eco-friendly and low-carbon urban infrastructure.The Guide is authored by PhD candidate Suzy (Zekun) Li and Professor Vivian Loftness of CMU, with research assistance from a diverse global team. The Guide introduces a “Smart Sidewalk Taxonomy” that integrates green infrastructure, gray infrastructure, electric utilities, and underground systems. It frames Sidewalk not simply as pedestrian pathways, but as strategic zones for urban resilience: managing heat, mitigating flooding, supporting EV charging infrastructure and enabling multi-modal public space planning.Designed for urban policymakers and urban infrastructure planners, the Guide acts as a reference point for decision-making at the intersection of mobility, sustainability and urban design. It calls for collaborations among government agencies and industry leaders to synergize in creating sustainable and resilient future cities.“We are proud to sponsor the Smart Sidewalk Guide and support Carnegie Mellon University’s ambitious work, ”said Mr. Li Xiangli, Chairman and CEO of Leon Inspection. “At Leon Inspection, we believe that sustainability and low-carbon development must permeate all layers of infrastructure — from high-tech clean energy systems to the humble sidewalk. This Guide helps city-leaders reimagine Sidewalk as critical infrastructure for climate resilience and mobility transition. It aligns perfectly with our commitment to ESG, climate change mitigation and global low-carbon transformation.”Leon Inspection’s Commitment to SustainabilityLeon Inspection’s support of the Guide underscores its steadfast commitment to sustainability. The company provides end-to-end climate change mitigation and sustainability solutions, including net-zero emissions advisory, carbon asset development and trading, ESG consulting, and digital low-carbon platforms. Its services range from emission compliance strategy development and assessment, carbon asset financing and trading to ESG strategy and reporting, as well as AI-driven carbon market intelligence applications. The company supports clients worldwide in achieving low-carbon transition across industries such as power, petrochemicals, steel, nonferrous metals, building materials, papermaking and the public sector — helping them fulfill emission reductions commitments and unlock value in the transition to carbon neutrality.Leon Inspection proactively shapes industry standards and has delivered a series of groundbreaking projects, with in-house experts now on the UN’s A6.4 carbon methodology roster. With a veteran team boasting nearly 20 years of experience and a track record of over 800 projects, the company has solidified its role as the preferred partner for leading global corporations and a key enabler of the green low-carbon transition.Through its support of CMU and its endorsement of initiatives such as the Guide, Leon Inspection positions itself as a catalyst for the low-carbon transformation of infrastructure. Leon Inspection views the Guide’s focus on Sidewalk —traditionally part of the gray infrastructure fabric of cities — as emblematic of a shift toward infrastructure that is multifunctional, climate-resilient and resource-efficient.Why This Matters1. Urban surfaces — especially sidewalks — are often overlooked in sustainability planning, yet they hold significant potential to influence urban heat islands, stormwater management and mobility transitions.2. The Guide provides a systematic, taxonomy-driven framework for cities to elevate sidewalk from default infrastructure to strategic platforms for resilience and decarbonization.3. With Leon Inspection’s support, the Guide emphasizes the private sector’s vital role in enabling cities to make informed, low-carbon infrastructure decisions.4. For Leon Inspection’s global network and carbon-asset initiatives, the Guide aligns directly with its mission: to empower global industry leaders to achieve an eco-friendly, low-carbon transformation.The Smart Sidewalk Guide is now available to urban policymakers, infrastructure planners, and sustainability professionals. It can be accessed at: https://www.architecture.cmu.edu/works/smart-sidewalk-guideFor further information, please contact Leon Inspection’s corporate communications department or the CMU School of Architecture.About Leon InspectionLeon Inspection (HKEX: 01586.HK) listed on the Main Board of the Hong Kong Stock Exchange in 2016, is an international TIC (Testing, Inspection and Certification) leader focused on integrated solutions for climate change and low-carbon sustainable development. The Company provides global industry leaders with one-stop testing, inspection, technical and consulting services across commodity services, clean energy, environmental protection, and climate change, empowering them to achieve green and low-carbon transition. With 80 branches and professional laboratories worldwide, its network continues to expand from Asia-Pacific trading hubs to emerging markets in South America and Africa, delivering sustainable value to all stakeholders.06/11/2025 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.comView original content: EQS News

The “CPC Central Committee’s Proposal on the 15th Five-Year Plan for National Economic and Social Development” was officially released in this October, outlining the blueprint for China’s development over the next five years. The document underscores high-quality development, technological self-reliance, deeper reforms, cultural advancement, and ecological progress — signaling a clear commitment to building a modern socialist economy.As a leading domestic industrial Internet platform that uses supply chain capabilities and digital technologies to empower family-run retail stores in rural areas, Huitongda remains committed to its mission of “Creating a Better Life for Rural People.” Huitongda closely aligns its development with national strategies, actively advancing innovation in areas such as traditional industry upgrades, domestic demand expansion, and creating a unified national market. It also strives to promote coordinated developments across the industrial value chain, which would in turn, support effective policy implementation.The Party Committee of Huitongda Network Co., Ltd. convened a special study session to thoroughly implement the spirit of the Fourth Plenary Session of the 20th Central Committee of the Communist Party of China. Aligning closely with national strategic priorities, the session emphasized embracing new technologies, industries, and models while continuously carrying forward the "Three Entrepreneurship Spirit" of pioneering, innovation, and creation. By leveraging the value of its industrial internet platform, Huitongda aims to drive upstream-downstream collaboration across the industry chain.Leveraging Industrial Internet Platform Value to Drive Traditional Industry Upgrading & Emerging Industry Fostering15th Five-Year Plan Proposal: The Plan calls for optimization and upgrades of traditional industries, nurturing emerging and future industries, promoting high-quality and efficient development of the servicing sector, and building a modern infrastructure system. During this period, China will implement actions to enhance and upgrade its service output, and raise the development level of its modern servicing, advanced manufacturing, and modern agriculture industries.Huitongda’s Action: Since the start of the 14th Five-Year Plan, Huitongda has responded to China’s call to develop new quality productive forces suited to local strengths. The company has actively explored an Industrial Internet 2.0 model deeply integrating AI and big data, represented by the “B2F reverse supply-chain model” and “integrated production-and-sales system.” Huitongda has built an S2b2c circulation network that empowers thousands of manufacturers and hundreds of thousands of rural family-owned retailers in real time – acting as a key driver for improving service efficiency in county-level markets.Under the Proposal of the 15th Five-Year Plan, as national economic development centers on "technology + industry + consumption", Huitongda adheres to deepening its smart supply chain strategy. While fully leveraging the advantages of its industrial internet platform and continuously optimizing the "first curve", the company will closely follow national strategies to build the "second curve" and lay out the "third curve". It aims to upgrade traditional industries through the digital economy, strive to develop emerging pillar industries, and foster future industries.Digital-Intelligent Services for Micro-Small Entities: Boost Domestic Circulation, Forge Unified National Market15th Five-Year Plan Proposal: The Plan emphasizes expanding domestic demand, improving living standards, promoting consumption, coordinating investments across both infrastructure and talent, and driving positive interactions and exchanges between supply and demand. It also calls for stimulating consumption, expanding effective investment, and removing bottlenecks hindering the development of a unified national market.Huitongda’s Action: To date, Huitongda is now serving 21 provinces, 26,000 townships, and more than 250,000 member stores in China. By integrating high-quality supply-chain resources across multiple industries, the company helps member stores procure cost-effective and market-appropriate products. Through digital and AI-powered upgrades, rural family-owned retailers are able to modernize procurement, marketing, community engagement, and operations. Huitongda also organizes over 60,000 online and offline merchant activities each year, helping 1-year+ member stores to achieve an average annual income growth of exceeding 30%, effectively stimulating consumption in lower-tier markets.Looking ahead into the 15th Five-Year Plan, Huitongda has already laid the foundation for sustainable growth.Huitongda’s “four-flows-in-one” model – integrating product/service flow, information flow, logistics, and capital flow – has reshaped and boosted the model of the commercial circulation in lower-tier markets. By aggregating fragmented demand and feeding the information it back to upstream manufacturers, the platform enables “demand-driven procurement and production.”Huitongda’s model represents both business innovation and practical implementation of the national rural revitalization strategy. By nurturing new-generation rural entrepreneurs and helping township retailers to achieve digital upgrade, the company strengthens their roles as distribution hubs for industrial goods, as well as channels for moving agricultural resources, thus building connected value chains and contributing to the creation of a unified national market.Under the guidance of the “15th Five-Year Plan,” Huitongda will continue to promote digital transformation across member stores, helping member stores and rural consumers to “source quality products and sell more,” and enjoy equal access to products and services as urban residents. Meanwhile, Huitongda will also invest in both infrastructure and talents, building a mutual digital e-commerce platform powered by its self-developed Qiancheng Cloud AI LLM, and advancing technological, commercial, and talent revitalization to support comprehensive rural rejuvenation.06/11/2025 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.comView original content: EQS News

London, UK - November 04, 2025 - (SeaPRwire) - Wavee Ai, a PropTech company redefining resident engagement, has raised over £1 million in seed funding from a joint venture and private investors. The funding will accelerate the rollout of Wavee Ai's free resident app across London and support expansion into new UK cities and international markets.Wavee Ai allows residents and buildings to efficiently manage their community with its easy access to managing parcels, tracking visitors, and connecting with verified neighbours. Each account is authenticated through the building, eliminating spam, bots, and fake profiles. Local businesses can subscribe to a dedicated portal offering click-and-collect services, bookings, and promotions for nearby households.The platform has already onboarded multiple London buildings and partnered with dozens of businesses, from gyms to cafés. Expansion plans include rollouts in Manchester, Birmingham, and Edinburgh, with Singapore and Australia identified as priority international markets.The £1 million in seed funding will position the company to further distinguish itself in the PropTech space by enabling rapid onboarding of residential buildings and business partners. It will allow for increased investment in product development, security protocols, and scalable infrastructure specific to high-density urban living.Nikesh Panchal, founder of Wavee Ai, shares, "Our mission is to create trusted neighbourhoods where residents and businesses interact safely and authentically. This investment allows us to accelerate adoption in London, expand across the UK, and enter international markets where verified community living is needed most."Wavee Ai differentiates itself from existing resident management platforms by offering the app free of charge to both residents and buildings. Its revenue is generated through local business subscriptions, creating a sustainable model that benefits all stakeholders.The seed funding reinforces this feature, providing Wavee with greater resources to enhance its onboarding experience for property managers and concierges, and to accelerate wider product innovation. By combining community networking, operational efficiency, and commerce in one system, the company is positioning itself as a new global standard for residential engagement.Please visit Wavee Ai's website for more information on its services.About Wavee AiWavee Ai is a London-based PropTech company that provides a free resident engagement app designed to improve urban living. The platform connects residents, concierges, and local businesses in a verified digital environment, ensuring authenticity and safety for all users. Wavee Ai offers parcel tracking, visitor notifications, business engagement tools, and concierge portals in one seamless system. Its mission is to become the global standard for trusted neighbourhood communities.Contact DetailsBrand: Wavee AiContact: Nikesh Panchal,FounderEmail: nik@wavee.aiWebsite: www.wavee.ai04/11/2025 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.comView original content: EQS News

New York, NY - November 04, 2025 - (SeaPRwire) - Skylark Labs, a US AI innovator, and ideaForge Technology Limited, India's leading drone manufacturer, have signed a $35 million, five-year licensing agreement that both companies say marks a pivotal moment for autonomous systems. The partnership will embed Skylark Labs' self-learning, on-edge AI across ideaForge's operational fleet, turning unmanned aerial vehicles (UAVs) from programmed tools into adaptive, cognitive partners.Skylark Labs' technology, shaped by research linked to DARPA's Lifelong Learning Machines (L2M) program, lets drones learn from their surroundings without cloud connectivity. Combined with ideaForge's globally ranked platforms, which have logged more than 700,000 customer flights, the integration of Skylark Labs' "brain" into ideaForge's robust "body" aims to set a new benchmark for autonomy in demanding defense, security, and industrial missions."This marks a historic leap for autonomous flight," mentions Dr. Amarjot Singh, founder and CEO of Skylark Labs. "By embedding a self-learning AI brain across ideaForge's operational fleet, we're proving that adaptive intelligence can now live entirely on the edge. This is the moment drones evolve from programmed machines into thinking partners."Ankit Mehta, co-founder and CEO of ideaForge, adds, "Our collaboration with Skylark Labs sets a new standard for drone autonomy. With real-time, self-learning AI onboard, our systems can now perceive, decide, and act with unmatched speed and accuracy, raising the bar for performance in both defense and industrial missions."Why the Partnership Matters: Self-learning AI and the DARPA ConnectionTraditional AI is trained in the cloud and pushed to devices as static models. When the world changes—lighting, terrain, new obstacles—performance can drop, and fixes require time-consuming retraining. DARPA's L2M initiative set a different goal: machines that learn continuously, adapt in real time, and don't forget what they already know.Skylark's approach reflects that brief. Learning happens on board, slashing latency, keeping sensitive data local, and maintaining performance when GPS or comms are limited or jammed. The five-year structure signals deep integration and a continuous feedback loop: more missions refine the AI; better AI drives wider deployment.The partnership's timing aligns with a market shifting from data collection to real-time, on-device decisions, where latency, connectivity, and data-sovereignty pressures favor on-edge autonomy.Partnership in ActionWhere Customers Feel it FirstOn the ground, this means smarter missions end to end: along borders, drones adjust routes as terrain and activity change and can learn new threat cues mid-flight (like a camouflaged vehicle or a hidden stash) without waiting for a cloud update.At the same time, during disasters, they refine what real victims look like amid smoke, water, and debris, reducing false alarms and speeding up rescues. For infrastructure, they spot hairline cracks, corrosion, or loose bolts during the flight and pinpoint the exact location so teams can act immediately. In contested areas, if GPS is jammed or comms drop, they switch to vision-based mapping and keep tracking safely on their own.Because each aircraft can perceive and decide locally, multiple drones can split up large areas, avoid one another, share findings, and re-task themselves, laying the groundwork for fast, coordinated swarm operations with minimal human input.Business model: autonomy that improves over timeBeyond hardware shipments, Skylark Labs and ideaForge's partnership will offer Autonomy-as-a-Service or subscription upgrades that deliver measurable performance gains (new skills, sharper detection, faster planning) so fleets can keep improving without new airframes. Customers will get a clear upgrade path, and operators will get a recurring, value-linked revenue stream.Skylark Labs' new partnership follows another successful $21 million contract signed earlier this year to deploy AI-driven traffic-enforcement systems across Asia, expanding the company's footprint in both defense and civilian infrastructure.About Skylark LabsFounded in 2021 by Dr. Amarjot Singh, Skylark Labs develops adaptive artificial intelligence (AI) systems designed to learn, evolve, and operate autonomously in real-world environments. Headquartered in New York City, the company delivers next-generation AI solutions for mobility, public safety, and critical infrastructure applications.Skylark Labs specializes in brain-inspired AI that continuously adapts to new challenges without requiring pre-training or constant connectivity. The company aims to pioneer embodied AI that seamlessly integrates into physical devices while evolving toward true general intelligence.Skylark Labs' team brings together full-time engineers and advisors from Lockheed Martin, AT&T, and the CIA, uniting deep expertise in aerospace, communications, and AI systems. The company's technology, now being integrated across drones, ground robots, surveillance towers, and autonomous vehicles, advances its broader mission to create self-learning digital lifeforms that operate, adapt, and evolve in the real world.Contact DetailsCompany: Skylark LabsContact: Dr. Amarjot SinghEmail: amarjot@skylarklabs.aiWebsite: https://skylarklabs.ai04/11/2025 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.comView original content: EQS News

Hong Kong - November 03, 2025 - SeaPRwire, a leading Public Relations Communication Platform, has launched an innovative Virtual News Editor Assistant, developed in collaboration with its partner Asia Presswire (https:/asiapresswire.com). This AI-powered system is designed to assist news editors with content editing and proofreading, enhancing both the efficiency and accuracy of editorial workflows.As the demand for high-quality, error-free content grows, news organizations and media outlets are increasingly relying on technology to streamline their editorial processes. Traditional methods of editing and proofreading can be time-consuming and prone to human error, especially with the ever-increasing volume of news content being produced. SeaPRwire's Virtual News Editor Assistant addresses this challenge by offering an automated solution that leverages artificial intelligence to assist editors in refining news content quickly and accurately."The launch of our Virtual News Editor Assistant is a game-changer for newsrooms looking to improve both speed and precision in their editorial processes," said Lucy Clark, Customer Support Director at SeaPRwire. "By using AI technology, the system can efficiently review content, correct grammar and syntax errors, and provide suggestions to enhance the clarity and flow of news articles. It offers news editors a powerful tool to ensure their content is not only accurate but also polished and professional."The system works by analyzing the structure and language of news articles, identifying potential issues such as spelling and grammatical mistakes, inconsistencies in tone, or awkward phrasing. It then provides suggestions for corrections and improvements, allowing editors to make changes quickly without compromising the quality of their work. This is especially valuable in fast-paced environments where deadlines are tight and the volume of content is high."With the increasing pressure on newsrooms to produce high-quality content under tight deadlines, our Virtual News Editor Assistant provides much-needed support," Clark added. "The AI-powered system not only helps editors catch mistakes they may have missed but also enhances the overall readability and professionalism of the content, which is crucial for maintaining the reputation of news organizations."By offering this cutting-edge tool, SeaPRwire aims to help newsrooms, media outlets, and PR professionals improve their editorial efficiency while maintaining high standards of quality and accuracy. The Virtual News Editor Assistant is expected to reduce the time spent on manual proofreading and editing, allowing news editors to focus more on content creation and strategy.The introduction of the Virtual News Editor Assistant is a significant step in SeaPRwire's ongoing efforts to provide innovative solutions for the evolving media landscape. By automating time-consuming editorial tasks, this system helps news organizations stay competitive in an industry that demands both speed and quality.SeaPRwire's new system, powered by Asia Presswire's advanced AI technology, is now available to users across various industries and regions, offering a smart and efficient solution for improving editorial workflows and producing high-quality news content.About Asia PresswireAsia Presswire (https:/asiapresswire.com) is a press release distribution service that provides tailored solutions for public relations firms, agencies, organizations, and corporations worldwide. They specialize in delivering customized press release distribution, including direct-to-editor email delivery to targeted media editors at newspapers, magazines, and broadcast outlets. Their extensive network spans 172 countries, connecting with over 230,000 media outlets and 3.6 million self-media platforms. Supporting over 46 languages, including English, Chinese, French, German, and Japanese, Asia Presswire ensures effective communication across diverse linguistic regions. Their services are designed to enhance brands' online visibility and reputation, enabling effective connection with target audiences. About SeaPRwireSeaPRwire is a leading earned media communications management platform in Asia, designed to empower PR and communications professionals. Its Branding-Insight Program streamlines communication management by connecting clients with a network of over 80,000 journalists, editors, magazines, and online media outlets, along with 300 million followers of key opinion leaders (KOLs). Leveraging AI-driven technology, SeaPRwire enables users to identify relevant media and KOLs, personalize pitches, and measure the impact of their communications efforts. Operating across regions including Japan, China, Korea, Hong Kong, Singapore, Vietnam, Thailand, Malaysia, Indonesia, and the Philippines, SeaPRwire enhances brand awareness and educates audiences effectively.Media ContactBrand: SeaPRwireContact: Media teamEmail: cs@seaprwire.comWebsite: https://seaprwire.com03/11/2025 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.comView original content: EQS News

New York, NY - October 28, 2025 - (SeaPRwire) - SoSoValue, the global AI-powered crypto investment platform with more than 10 million registered users, today announced the official mainnet launch of its high-performance Layer 1 blockchain, ValueChain. Alongside the launch, its high-performance trading appchainSoDEX has opened whitelist applications to users worldwide. The platform's native token, $SOSO, will also be fully upgraded to serve as the native gas and governance token of ValueChain.According to official data, SoDEX currently achieves transaction throughput of up to 100,000 TPS, marking a major milestone in the evolution of decentralized trading infrastructure. The SoDEX architecture features two key innovations:Decentralized Matching Engine and Parallel Appchain ArchitectureSoDEX achieves a fully decentralized matching engine architecture, with order-matching processes distributed across multiple validator nodes. This makes SoDEX one of the very few on-chain trading systems capable of deploying its matching logic fully on-chain — a design path similar to that of Hyperliquid, with greater scalability and modularity at the architectural level.The system is powered by two independent high-performance trading appchains, supporting SoDEX Spot and SoDEX Perps respectively. These appchains are unified through an EVM-compatible system chain that functions as the account layer, while multiple high-performance appchains are anchored by ValueChain's consensus layer.This modular architecture allows ValueChain to support a wide range of assets — from crypto-native tokens to real-world assets (RWAs) — while delivering a trading experience comparable to centralized exchanges in both Spot and Perpetual markets. Each transaction is fully transparent and verifiable in real time through on-chain block explorers, achieving a balance of security, performance, and transparency.Enhanced Multi-Asset Cross-Chain SecuritySoDEX deploys the Mirror Protocol infrastructure fromSoSoValue's Indexes Protocol, combining third-party custody solutions with bridge-based mechanisms to strengthen the security of multi-asset cross-chain transfers. This hybrid approach enhances safety and reliability for cross-chain liquidity and multi-asset operations.Strong Early TractionOn-chain data shows that the SoDEX testnet has already attracted over 400,000 sign-ups, with 40,000 users gaining testnet whitelist access and an average of 3.9 million on-chain orders per day. To date, more than 80,000 users have registered for the Early Bird whitelist ahead of the mainnet rollout.SoDEX has now entered its Closed Alpha phase, allowing whitelist participants to begin early-access trading. An airdrop reward program is scheduled for early 2026, rewarding users who actively trade and accumulate points during the Closed Alpha period.Interested users can apply for whitelist access atsodex.com.About SoSoValueSoSoValue is an AI-powered crypto investment platform with over 10 million registered users, bridging research, passive index investing, and on-chain trading through its proprietary high-performance blockchain, ValueChain. The company's vision is to make crypto investment simple, fair, and accessible, enabling users worldwide to participate equally in and benefit from the long-term growth of the crypto economy.For media inquiries, please contact:jessie@sosovalue.comwww.sosovalue.com | ssi.sosovalue.com |sodex.com28/10/2025 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.comView original content: EQS News

Dubai, UAE - October 27, 2025 - (SeaPRwire) - WeProperties, a leading platform in fractional property ownership, is preparing to release a new unit in the prestigious Dubai Marina. This development marks a significant milestone in the company's mission to broaden access to high-value real estate in one of the world's most sought-after locations.Dubai Marina continues to be a prime destination for investors, offering a blend of luxury living and strong rental yields. Recent market analyses indicate that property values in the Marina have experienced an approximate 10% increase over the past year, with some off-plan projects delivering returns of up to 15% before handover. This growth is attributed to high demand, limited new supply, and the area's appeal to both residents and tourists.WeProperties leverages the fractional ownership model to provide investors with an opportunity to co-own premium properties in this Dubai Marina property as well as many others within Dubai and the UAE. This model allows individuals to invest in a portion of a property, thereby reducing the financial barrier to entry while still benefiting from rental income and capital appreciation. The platform's offerings are fully regulated by the Dubai Financial Services Authority (DFSA) - a leading financial regulator globally - and is compliant with the local Dubai Land Department (DLD) requirements, ensuring transparency and security for investors.Founder Ibrahim Alanqar emphasized the company's commitment to broadening investment opportunities. "Our goal is to make high-quality real estate accessible to a global audience," he stated. "By introducing fractional ownership in Dubai's property market, we are opening doors for investors who previously might have been excluded from this lucrative market."The newly listed Dubai Marina property - among many other properties in the pipeline- is set to attract both seasoned investors and first-time buyers looking to build their real estate portfolio, one share at a time. With investments starting at just $300, WeProperties enables investors to build and grow a diversified portfolio in Dubai's thriving real estate market through simple, affordable steps.WeProperties continues to expand its portfolio, aiming to provide investors with a variety of options in Dubai's dynamic real estate market. The company's focus on transparency, regulation, and accessibility positions it as a trusted partner for those looking to invest in Dubai's premium properties.For more information on the new unit release and to explore investment opportunities, visit https://we.properties/About WePropertiesWeProperties is a Dubai-based, DFSA-regulated platform providing fractional ownership opportunities in real estate. The company enables global investors to acquire shares in premium properties through micro-investments.The company manages all aspects of property ownership, including legal registration, tenant management, and ongoing administration, while maintaining compliance with the Dubai Land Department and other relevant authorities. The platform aims to make real estate investment more accessible, secure, and transparent for investors who may not have traditional market access.Contact InformationIbrahim Alanqar, Founder of WePropertiescustomercare@we.propertieshttps://we.properties/Gate Village Building 04, Dubai International Financial Centre, Dubai, UAE27/10/2025 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.comView original content: EQS News

【FOR IMMEDIATE RELEASE】24 October 2025Yip’s Chemical to Acquire Approximately 60% Interest ina Leading Enterprise in Chemical Vapours Emissions Management for RMB288 millionThe transaction facilitates expansion into the specialised segment for the management of chemical vapours emissions, accelerating the transformation into a leading development platform for chemical businesses(Hong Kong, 24 October 2025) – Yip’s Chemical Holdings Limited (SEHK: 00408) (“Yip’s Chemical” or the “Company”, together with its subsidiaries, the “Group”) today announced that its indirect wholly-owned subsidiary, Yip’s Puricycle Management (Shenzhen) Company Limited, has entered into a conditional sale and purchase agreement to acquire an aggregate of approximately 60% equity interest in Beijing Sino-Hypro Petrochemical Tech. Co., Ltd. (“Sino-Hypro”), a leading enterprise in the PRC engaged in the research, design, manufacturing and provision of specialised systems solutions for managing chemical vapours emissions generated during the production, storage and transportation of chemicals, oil and gas. This transaction marks a key step in the Company’s strategy to diversify its business portfolio, enhance its technological capabilities and tap into niche sectors of environmental protection.Under the terms of the agreement, Yip’s Chemical will acquire a total of approximately 60% of Sino-Hypro from one of the founders Mr. Zhang Guorui and his spouse. The consideration comprises an initial cash payment of RMB288 million and a contingent component, with the final amount determined by Sino-Hypro’s audited consolidated net profit after tax for the three-year period ending 31 December 2028 (“Actual Profit”). Accordingly, the total consideration will range from RMB254.4 million to RMB384 million, subject to the Actual Profit to be achieved between RMB150 million and RMB300 million. Consolidated net profit after tax of Sino-Hypro for the year ended 31 December 2024 amounted to approximately RMB55.7 million. The transaction is expected to close by the end of 2025, subject to customary closing conditions.Sino-Hypro is well positioned in the chemical vapours emissions management sector. Mr. Zhang together with other senior management and the research and development team, have cultivated deep expertise in this field over the years. The target group holds more than 10 patents and 20 software copyrights covering a wide range of chemical vapours capture and treatment technologies, and has established solid technological barriers. These technologies are extensively used in managing chemical vapours emissions across industries including petrochemical, coal chemical, oil depot, and shipping terminal sectors, allowing customers to benefit from the economic value of the otherwise wasted vapours and from more environmentally friendly processes that are in line with increasingly stringent environmental regulations. Sino-Hypro serves reputable energy companies, major local and multinational chemical companies, and state-owned enterprises across the PRC. Mr. Ip Kwan, Francis, Chief Executive Officer of Yip’s Chemical, commented, “We are pleased to welcome Sino-Hypro to our chemical businesses platform. This acquisition represents a significant milestone in our strategic expansion into green and technology-driven chemical vapours emissions management sector. This enhances our capabilities beyond our core businesses in coatings, inks, and lubricants, and creates long-term growth and value for our shareholders. We believe that by leveraging Sino-Hypro’s cutting-edge technologies and strong market position with Yip’s Chemical’s extensive upstream supplier network, we can create synergies that support business expansion domestically and internationally. At the same time, Sino-Hypro will continue to expand by seizing opportunities driven by the growing demand for environmental solutions.”Mr. Zhang Guorui, founder of Sino-Hypro remarked, “We are excited to join forces with Yip’s Chemical, a respected leader in the chemical industry with a robust network and advanced management systems. Since our establishment, we have focused on developing specialised emissions management technologies that address critical environmental and industrial needs. Through this collaboration, we anticipate that Yip's Chemical, with its industry expertise, extensive resources, and professional management team, will support us in improving operational efficiency, deepening our R&D investment to reinforce technological advantages, and expanding our market reach to serve more customers across the globe. We firmly believe that Yip’s Chemical’s platform and strategic vision will facilitate our continued development and growth.”In 2023, Mr. Francis Ip was appointed as the Chief Executive Officer of the Group. Since then, Yip’s Chemical has been looking for expansion opportunities beyond its current core businesses, particularly in areas that improve the environment and chemicals related to new energy sectors. At the same time, the targeted opportunities must also create synergies with the Group’s core competencies and support long-term development. The acquisition of Sino-Hypro aligns perfectly with Yip’s Chemical’s transformation strategy, accelerating its evolution into a leading development platform for chemical businesses.-End-About Yip’s Chemical Holdings Limited (Incorporated in the Cayman Islands with limited liability) (SEHK: 00408) Established in 1971 and listed on the Hong Kong Stock Exchange since 1991, Yip’s Chemical’s long-term vision is to become a leading development platform for chemical businesses driven by green, innovative technology and services and highly respected brands that enrich people’s lives. Yip’s Chemical’s core businesses and significant investments in China include: The No.1* Inks Company: Yip’s Ink & Chemicals Group with “Bauhinia Variegata” ink brand A Top Specialised Industrial Coatings Company: Hang Cheung Coatings A Top Architectural Coatings Company: Bauhinia Advanced Materials Group with well-known brands such as “Bauhinia” and “Camel” A Top Specialised Resin Company: Da Chang Polymers A Top Lubricants Company: Yip’s Lubricant operating “Hercules” and “Pacoil” brands Yip’s Chemical is a significant investor in Handsome Chemical, the biggest acetate solvents company in the world. The Group’s core businesses have established leading positions in China with an extensive manufacturing and sales network covering all major regions. It aims to leverage on Yip’s Chemical’s stable shareholder base, the position as a listed company in Hong Kong, and the strong reputation and experience in the chemicals industry to continuously build and invest in strong businesses in niche markets and grow Yip’s Chemical’s platform.*Bauhinia Variegata Ink ranked 16th in the “2025 Top International Ink Companies Report” released by the US inks magazine Ink World and ranked 1st in the PRC in terms of sales revenue.Media and Investor EnquiriesYip’s Chemical Holdings LimitedMs. Wing So Tel：(852) 2675 2385Email：wing.so@yipschemical.com Fax：(852) 2675 2345DLK Advisory LimitedMs. Michelle Shi Tel: (852) 2854 8711 Email: michelleshi@dlkadvisory.com Ms. Kathleen Mui Tel: (852) 2854 8727 Email: kathleenmui@dlkadvisory.com File: 408_M&A PR_EN_2025102424/10/2025 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.comView original content: EQS News

[Hong Kong – 23 October 2025] Newborn Town Inc. (Newborn Town or the company, stock code: 09911.HK), a leading global social entertainment company, released its unaudited operating data for the first three quarters of 2025. For the nine months ended 30 September 2025, the company's total revenue is estimated to reach approximately RMB 4,910 million to RMB 4,990 million, reflecting a year-on-year increase of approximately 37.6% to 39.9%. Among the total revenue, social networking business contributed approximately RMB 4,380 million to RMB 4,440 million, up approximately 34.5% to 36.4% year-on-year. The innovative business saw a year-on-year growth of about 69.9% to 76.3% to approximately RMB 530 million to RMB 550 million, continuing the overall strong growth momentum. Continuous Breakthroughs in Social Networking Business Driven by AI According to the announcement, the significant year-on-year revenue growth in the first three quarters primarily stems from the company's use of AI technology to drive steady growth in diversified social products. This sustained high growth fully demonstrates the company's ability to capture user needs precisely and the immense growth potential of the AI-empowered social product matrix. In the first three quarters, the company's core products have continuously boosted their competitiveness in the MENA market. Through bolstering product capabilities and operational precision, improving content ecosystems and community ambiance, it has built solid competitive barriers, steadily elevating the competitiveness of their products in this region. According to Sensor Tower, from January to September 2025, SUGO ranked 6th on the revenue leaderboard for social networking apps in the MENA region, while TopTop ranked 9th on the MENA’s Google Play games app revenue leaderboard. In 2025, the social entertainment industry in the MENA region continues to exhibit enormous commercial potential. CLSA research report mentioned that there has been ample room for growth in MENA and believes Newborn Town is among the most competitive players to capture these opportunities and expand its market share. CLSA noted that Newborn Town stands out among peers for its deep user insights, tailored services and diversified monetisation model; it has demonstrated powerful competitive edge in product features innovation, traffic acquisition and content operations capability thanks to its strong local presence.In addition, the application of AI technology in business scenarios has become increasingly in-depth. By deepening AI applications in key areas such as content recommendations and user matching, Newborn Town continues to enhance product experiences and operational efficiency. In September, the company signed a strategic cooperation agreement with Tencent Cloud, with both parties leveraging their respective strengths to jointly explore the vast space of "AI + social entertainment."Strong Growth in Innovative Business with Revenue Exceeding 70%The innovative business has demonstrated strong development momentum in the first three quarters in 2025. The announcement shows that the high growth was mainly attributable to the steady development of traffic monetization and social e-commerce business, as well as the initial revenue contribution from the actively-invested short drama business. In addition, quality games products have also contributed revenue. Since Q4 2024, the company's quality game business has officially entered its payback period. Flagship games represented by Alice's Dream: Merge Games have entered the long-term operation phase, and the new game development has been progressing smoothly, expected to yield greater growth momentum in the future. Meanwhile, the social e-commerce business has maintained steady growth, further consolidating Heer Health's leading position in the health services segment. Additionally, Aippy, the AI-powered creative content community launched earlier, has become part of the key forward-looking plan in the "AI + Social Entertainment" sector. Its iOS version is now available for download. In the first half of the year, Newborn Town established its global headquarters in Hong Kong, marking a new stage in the company's globalisation process. Going forward, the company's global headquarters will collaborate efficiently with its MENA regional headquarters in Riyadh, Saudi Arabia, and the Southeast Asia regional headquarters in Singapore.Together with over five R&D centers and more than 20 operational centers worldwide, this model will inject new momentum into the company's long-term, high-quality global development.About Newborn Town Newborn Town has grown into a leading technology company which was listed on the Main Board of the Hong Kong Stock Exchange (HKEX) in 2019 under the stock code 9911. Committed to creating positive emotional value worldwide, Newborn Town has developed a diverse portfolio of applications in the social networking and entertainment sectors. Its social apps include MICO, YoHo, TopTop, SUGO and HeeSay, together with gaming products like Alice's Dream: Merge Games. These applications have achieved widespread acclaim, reaching over one billion users in over one hundred countries and regions. Newborn Town considers the Middle East and North Africa (MENA) region a key market and has also extended its influence in Southeast Asia, Europe, the United States, Japan, and South Korea. The company aims to become the world's largest social entertainment company. 23/10/2025 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.comView original content: EQS News

Huiyuan Cowins Technology Partners with Industry Leader EPS to Develop Phase-Change Energy Storage Market and Build Industry BenchmarkStrong Alliance to Establish Industry Standard and Sustain Leading Position(23 October 2025, Hong Kong) Huiyuan Cowins Technology Group Limited (“Huiyuan Cowins Technology”, together with its subsidiaries, the “Group”; stock code: 1116.HK) is pleased to announce that on 3 October 2025, it has officially signed a cooperation agreement with Environmental Process Systems Limited (“EPS”), an international leading phase-change energy storage technology supplier. This move marks the official alliance of both parties to enter the energy storage market in China. Leveraging complementary advantages in technology, resources, and markets, both parties will jointly promote the commercialization and industrial standardization of phase-change energy storage technology in China, helping Huiyuan Cowins Technology establish a benchmark position in the industry and continue to lead the energy storage market. Patented Technology Focuses on Multi-Scenario Applications to Capture Energy Storage Market in ChinaAccording to the signed cooperation agreement, Huiyuan Cowins Technology (through its subsidiary, Guangzhou Mayer Corporation Limited) holds 70% of the shares in Mayer Technology, while EPS holds 30% of the shares, injecting key technologies into the cooperation. The patented technologies cover multiple high-potential industries including agriculture, industrial, and commerce, encompassing Chilled Water Air Conditioning Applications, Passive Cooling, Heating Applications, Cold Storage Load Shifting, and Temperature Controlled Logistics. Among these, in the data center sector, it can support waste heat recovery and energy regulation to improve energy utilization rates; in central air conditioning, it enables peak loads to enhance overall system efficiency. In cold chain logistics, it reduces cold capacity losses and extends product freshness, while in agricultural facilities, it ensures stable crop growth through intelligent temperature control. In addition, both parties will strengthen emerging application directions such as mobile thermal storage/cooling vehicles continuously expanding market boundaries and seizing the initiative in industry development.Complementary Strengths of Both Parties to Accelerate Technology LocalizationThe Group possesses a deep industrial foundation in the Chinese market, extensive customer resources, and mature mass production capabilities, particularly with a stable customer base in China's traditional materials processing sector. It has also established strong cooperative relationships with official institutions such as the Ministry of Agriculture and Rural Affairs and data center operators, as well as key industry clients. This strategic cooperation will enable EPS's internationally leading patented technology to quickly enter the Chinese market and achieve localized production and application.PCM Products Kickstart End-User Applications, with Synergy in Industrial Value Chain Driving Long-Term LeadershipAs a core application carrier for phase-change energy storage technology, the phase change energy storage material (“PCM”) ice plates achieve precise temperature control in the -20°C to 25°C range, widely used in professional scenarios such as cold chain logistics temperature control, biopharmaceutical transportation, and food and beverage constant-temperature delivery. The rollout of this modular product not only marks Mayer Technology's strategic layout at the application of the phase-change energy storage industry chain but also accelerates the formation of a full-chain collaborative ecosystem from "R&D technology - material production - end-user application".Product Advantages Stand Out with Key Metrics Leading the MarketRelying on EPS's internationally leading patented technology, the phase change energy storage products and solutions launched by Mayer Technology, the Group's subsidiary demonstrate advantages far surpassing existing market products in key metrics such as cold storage density and temperature control precision. EPS's PCM products feature high energy density and stable phase change temperatures, enabling greater energy storage effects in smaller volumes, with energy storage efficiency improved by over 30% and strong stability. Additionally, the product temperature range is extremely broad, offering customers with corresponding solutions from -100°C deep cold environments to 885°C high-temperature scenarios to meet diverse application needs across the energy storage market. In terms of temperature control precision, the technology can strictly control temperature fluctuations within ±1°C, which is more precise and energy-efficient compared to conventional materials. The materials have been verified through long-term applications, offering long service life, safety, non-toxicity, and compliance with sustainable development requirements. With these advantages, the Group can provide customers with higher-value-added energy storage solutions, reduce long-term operational energy consumption, enhance customer stickiness, and grant the Group stronger bargaining power in new project bids and long-term cooperation, further elevating market pricing power.With the deepening of the Group's localized production capacity layout, leveraging China's complete manufacturing support system and cost advantages, both parties will continue to develop high-value-added application scenarios, drive order fulfilment in more niche markets, and open up diversified revenue sources for the Group.At this stage, market feedback on the phase-change energy storage products and solutions launched by Mayer Technology has been generally positive, with enterprises from multiple different industry sectors expressing clear intentions regarding cooperation. Based on current market trends and business development plans, the Group's management expects that the phase change energy storage business will contribute significant financial increments to the Group in 2026, becoming one of the important business segments supporting the Group's development.Mr. Tai Yiu Kuen, Kevin, the Chief Executive Officer of Huiyuan Cowins Technology Group Limited stated, “The partnership between the Group and EPS achieves deep integration of international cutting-edge technology and Chinese market resources, focusing on the R&D and applications of phase change energy storage technology, building industry standards, and promoting the development of energy storage industry in China. This cooperation represents a major breakthrough for the Group in technological innovation and energy saving and emission reduction, consolidating its industry-leading position and helping it stride toward the ranks of global leaders in phase change energy storage. Leveraging domestic policy and market advantages, Huiyuan Cowins Technology will focus on high-energy-consumption scenarios, leverage local resource channels to enhance competitiveness. In the future, it will accelerate technology upgrades, expand production capacity, and explore global markets, aspiring to become a global leading provider of energy storage technology solutions.”Mr. Zafer Ure, the Founder of Environmental Process Systems Limited, expressed high expectations for this strategic cooperation, stating, “China's energy storage market is in a golden period of rapid growth, and its demand for efficient, low-carbon energy storage technology perfectly aligns with EPS's expertise in the phase-change energy storage. Over the past decades, EPS has focused on the R&D and repeated validation of core patents in phase-change energy storage, from chilled water air conditioning systems to cold chain transportation temperature control. Our technologies have been verified for their efficiency and stability in multi-scenario applications globally. As a company with a deep industrial foundation and mature customer resources in the Chinese market, Huiyuan Cowins Technology is the ideal partner for us to achieve technology localization and implementation.”- END -About Huiyuan Cowins Technology Group Limited Huiyuan Cowins Technology Group Limited (stock code: 1116.HK) has been deeply engaged in the steel pipe and steel sector for over 30 years and is a benchmark brand in China's stainless steel water pipe industry, with full-chain capabilities in “independent R&D – production manufacturing.” Its main businesses cover stainless steel water pipes and fittings, carbon steel plate shearing, pipeline direct drinking water solutions, and extend to the phase change energy storage technology field. Since 2023, the Group has accelerated its expansion into the energy storage business, focusing on the R&D and production of phase-change energy storage materials (PCM), providing customized cold storage and heat storage solutions for customers in various industries. The company was listed on the Main Board of The Stock Exchange of Hong Kong Limited in 2004. For more details, please visit its official company website: https://www.hctechgp.com.23/10/2025 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.comView original content: EQS News

Recently, First Shanghai Securities (Hong Kong) released its inaugural in-depthresearch report on Huitongda Network (9878.HK), assigning at “Buy” rating and setting the company’s target price at HK$23.38, representing a 50.8% increase from the closing price on the dayprior to the report’s issuance.First Shanghai Securities (Hong Kong) analyzed Huitongda’s development from multiple perspectives, including macro market conditions, corporate strategy upgrades, and capital market initiatives. Upon review, the firm stated that Huitongda, as a leading enterprise serving China’s lower-tier markets, has ushered in upward inflection point under the empowerment of AI and other innovative technologies and models.Focusing on its fundamentals, First Shanghai Securities (Hong Kong) believes that since the company’s strategic upgrade and proactive optimization of its business structure in 2024, Huitongda’s key management team has identified a stable, high-quality, and sustainable growth path. While strengthening its supply chain advantages to consolidate its core business foundation, the company has also established a strategic partnership in AI with Alibaba Cloud to further enhance its digitalization business. In addition, Huitongda has built its growth layout around “AI+” and “targeted county assistance” – initiatives that align closely with the “main themes” of national policies and the market – andhas secured important support.From the perspective ofmarket environment and corporate execution,the report noted that the lower-tier markets where Huitongda operatesnot only exceed one trillion yuan in scale but also represent a massive market opportunity, and are highly aligned with national policy priorities. The company’s two core business pillars--smart supply chain and AI+SaaS--which it has laid out, are now simultaneously entering a rapid development phase. Meanwhile, Huitongda continues to optimize its industrial footprint and boost capital efficiency through strategic investments and acquisitions, further accelerating its high-quality growth trajectory.From the capital market standpoint, First Shanghai Securities (Hong Kong) emphasized that Huitongda has already reached an business performanceinflection point in the first half of 2025. Coupled with the company’s combined plan of “full circulation + share repurchase + dividends”, Huitongda is well-positioned to be re-admitted into the Hong Kong Stock Connect, boosting its long-term investment value.In conclusion, First Shanghai Securities (Hong Kong) believes that under the combined drivers of revitalization of rural areas, AI empowerment, and M&A expansion, Huitongda possesses significant potential for high-quality and accelerated growth. Therefore, the inaugural in-depth report assigns the company a “Buy” rating with a target priceofHK$23.38.20/10/2025 Dissemination of a Marketing Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.comView original content: EQS News

(Shenzhen, China) The 138th China Import and Export Fair (Canton Fair) opened in Guangzhou, southern China’s Guangdong province, bringing together exhibitors from around the world. Kinghood Group, a Fortune China 500 company providing supply chain solutions in the gold market, presented its latest innovations – “the Smart Gold Store International Edition 2.0” and “the C2M Online Customization Platform for Gold and Jewelry”, demonstrating China’s progress in intelligent manufacturing, smart retail, and sustainable development within the gold industry.Amid the global shift toward digital transformation in the gold sector, Kinghood’s Smart Gold Store introduces end-to-end intelligent solutions to enhance the retail and recycling experience. Integrating AI-based visual recognition, IoT monitoring, and big data analytics, the system automates the full process from gold identification and testing to recycling and sales, achieving higher precision, efficiency, and transparency.The International Edition 2.0 follows the principles of international standards, localized deployment, and customized services, offering upgrades in hardware performance, system integration, and user experience.The Smart Gold Store builds a closed-loop model combining intelligent recycling, smart retail, and on-demand customization. On the recycling side, the system features an automated terminal that completes weighing, testing, smelting, and payment in one process. In retail, consumers can access small-denomination gold products with pricing that closely tracks international market rates and transparent processing fees. For customization, the C2M (Customer-to-Manufacturer) platform allows users to participate in design and monitor production progress in real time, providing a more personalized experience.Developed with proprietary hardware and core algorithms, Kinghood’s Smart Gold Store is adaptable to different global markets. The modular hardware design supports flexible installation across diverse retail settings, while the system’s algorithms synchronize with international gold prices to ensure fair pricing and accurate testing. To address common challenges in overseas markets such as limited recycling channels, purchase barriers, and non-transparent pricing, the platform supports multi-currency payments, regional pricing, and multilingual language services to improve accessibility and user experience.Kinghood’s C2M Online Customization Platform received the 2025 JWA “Technology for a Sustainable Future” Award, making it the only company in the industry to receive this recognition. The award underscores China’s growing role in advancing sustainable technology within the global gold sector. According to a report by the World Gold Council, China’s gold consumption remains substantial, and its existing stock presents significant long-term potential. In particular, ongoing policies promoting the circular economy are expected to further expand opportunities in the gold recycling market.During the fair, Kinghood’s Smart Gold Store attracted buyers from nearly 50 countries and regions, including Europe, the Middle East, and Southeast Asia. Its modular design enables quick deployment across various retail formats and supports cross-border operations through cloud-based management.At this year’s Canton Fair, Kinghood not only showcased its latest solutions but also engaged in in-depth discussions with international buyers to explore future cooperation opportunities. Looking ahead, the company plans to further enhance its Smart Gold Store system and C2M platform, contributing to the digitalization, globalization, and sustainability of the gold and jewelry industry.Media contactCompany：Shenzhen Kindhood Holdings GroupEmail: liying_wang@jinyafu.comWebsite: https://www.jinyafu.com/Contact Person: Wangliying17/10/2025 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.comView original content: EQS News

Denver, Colorado - October 17, 2025 - (SeaPRwire) - YES Brands, a youth enrichment sports platform with family values at heart, announced today its support for Team USA during the International Ski Mountaineering Federation's Ski Mountaineering World Cup, taking place December 6–7, 2025 at Solitude Mountain Resort in Utah. The event, which opens the 2025–2026 World Cup season, is the first time an ISMF World Cup will be hosted in the United States and serves as the final opportunity for athletes to qualify for ski mountaineering's Olympic debut at the Milano Cortina 2026 Winter Games.YES Brands' logo will be featured on Team USA jerseys throughout the competition. The company's sponsorship underscores its mission to foster youth development and advance the Olympic sports movement nationally.YES Brands CEO Chris Chang said, "Ski mountaineering's inclusion in the Olympics is a testament to the dedication and skill of these athletes. We're proud to support Team USA and help inspire our nation's youth to pursue excellence in sport and in life."The 2025 event is made possible due to the leadership of USA Skimo, the national governing body for ski mountaineering in the United States. Michael Paulus, who serves as vice president of USA Skimo and whose family office PCM Growth backs YES Brands, has played a key role in the organization's expansion and in bringing international events like the World Cup to American athletes and audiences. Under the stewardship of Paulus and USA Skimo's board, the organization continues to foster the sport's growth, develop Olympic pathways for U.S. athletes, and promote youth participation throughout the country.Ski mountaineering, often referred to as "skimo," is experiencing significant growth in youth and collegiate participation as well as national team expansion. The sport's inclusion in the 2026 Winter Olympics has accelerated interest among young athletes nationwide. YES Brands' involvement creates meaningful opportunities for aspiring athletes and supports its commitment to youth empowerment through rigorous, character-driven sport.Founded by parents with decades of experience building industry-leading consumer businesses, YES Brands partners with growth-minded and people-centric entrepreneurs to deliver exceptional youth sports experiences. The company's support of Team USA at this historic World Cup event demonstrates its dedication to showcasing sport at the highest level and inspiring the next generation of athletes.Chang added, "By supporting Team USA's journey, YES Brands is investing in the future—empowering a generation to reach new heights."For more information, visit the Salt Lake City Skimo World Cup website.About YES BrandsYES Brands is a national youth enrichment sports company committed to cultivating character, resilience, and community through innovative athletic programming. Backed by Michael Paulus' family office PCM Growth, and with family values at heart, YES Brands provides long-term partnership and support to entrepreneurs building exceptional youth sports businesses across the country.Contact InformationBrand: YES BrandsContact Name: Media TeamContact Email: info@yesbrands.comWebsite: https://www.yesbrands.com/17/10/2025 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.comView original content: EQS News

Hong Kong - October 15, 2025 - SeaPRwire, a leading Public Relations Communication Platform, has launched an innovative Multi-platform News Distribution System developed in partnership with Asia Presswire (https:/asiapresswire.com). This new system allows users to distribute news seamlessly across multiple platforms, including social media, news websites, and self-media, maximizing the reach and visibility of their news content.As digital communication continues to evolve, businesses and organizations are facing increasing challenges in reaching their target audiences effectively. Traditional methods of news distribution often fall short in covering the broad spectrum of platforms that modern audiences engage with. In response to this, SeaPRwire's Multi-platform News Distribution System aims to address these challenges by ensuring that news content is shared across a diverse range of platforms."The introduction of our Multi-platform News Distribution System marks a significant leap forward in maximizing news exposure for our clients," said Sam Lee, Marketing Director at SeaPRwire. "This system ensures that news reaches its intended audience across various digital touchpoints, from social media to news websites, and even self-media platforms. It offers unparalleled flexibility and scope for content distribution, which is crucial in today's fast-paced media landscape."The system is designed to streamline the news dissemination process, allowing users to efficiently manage and distribute their content across different channels without the need for multiple interfaces or complex workflows. Whether targeting mainstream media outlets or niche self-media platforms, the system simplifies the distribution process, ensuring that users can reach a broader, more diverse audience.By offering a unified platform for cross-platform distribution, SeaPRwire enables organizations to manage their media outreach more effectively. The integration with social media platforms ensures that news content is not only seen by traditional readers but also shared and engaged with by the broader social media community. As a result, users can significantly enhance their online presence and visibility."With the ever-expanding digital media landscape, the ability to reach diverse audiences through various channels is more important than ever," Lee added. "Our Multi-platform News Distribution System empowers users to expand their media presence without the complexities traditionally associated with managing multiple platforms. It's an essential tool for organizations looking to optimize their communications strategy and reach a global audience."The new system, powered by Asia Presswire's robust network, offers users access to a wide array of media outlets and self-media platforms. This ensures that news releases, announcements, and press content are distributed to a global audience, resulting in enhanced brand recognition and engagement.SeaPRwire's Multi-platform News Distribution System is available to users across multiple regions and industries, providing them with the tools to effectively manage and amplify their news outreach. By streamlining the distribution process and expanding the reach of news content, this system is poised to transform how organizations connect with their audiences and maximize their media presence.About Asia PresswireAsia Presswire (https:/asiapresswire.com) is a press release distribution service that provides tailored solutions for public relations firms, agencies, organizations, and corporations worldwide. They specialize in delivering customized press release distribution, including direct-to-editor email delivery to targeted media editors at newspapers, magazines, and broadcast outlets. Their extensive network spans 172 countries, connecting with over 230,000 media outlets and 3.6 million self-media platforms. Supporting over 46 languages, including English, Chinese, French, German, and Japanese, Asia Presswire ensures effective communication across diverse linguistic regions. Their services are designed to enhance brands' online visibility and reputation, enabling effective connection with target audiences. About SeaPRwireSeaPRwire is a leading earned media communications management platform in Asia, designed to empower PR and communications professionals. Its Branding-Insight Program streamlines communication management by connecting clients with a network of over 80,000 journalists, editors, magazines, and online media outlets, along with 300 million followers of key opinion leaders (KOLs). Leveraging AI-driven technology, SeaPRwire enables users to identify relevant media and KOLs, personalize pitches, and measure the impact of their communications efforts. Operating across regions including Japan, China, Korea, Hong Kong, Singapore, Vietnam, Thailand, Malaysia, Indonesia, and the Philippines, SeaPRwire enhances brand awareness and educates audiences effectively.Media ContactBrand: SeaPRwireContact: Media teamEmail: cs@seaprwire.comWebsite: https://seaprwire.com16/10/2025 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.com

In September 2025, the Hong Kong Stock Connect announced its latest adjustment. Whether it is inclusions or exclusions, it is important to note that the change usually only leads to short-term liquidity impact, and does not change a company’s fundamentals and underlying performance.For instance, although Huitongda Network's removal from the Hong Kong Stock Connect has attracted some attention, its stock price performance to date shows it is the best-performing among the 20 companies removed in this round, with solid fundamentals. The company’s profit attributable to shareholders reached RMB139 million in the first half of 2025, representing a year-on-year increase of 10.8%. Its gross profit margin also saw a significant improvement of 1.1 percentage points from 3.5% to 4.6%, demonstrating its strong profitability and growth potential. As of 30 June, the company also held over RMB7.8 billion in cash and wealth management products. Hence, market analysts believe that the exclusion was mainly due to short-term fluctuations in tradable market capitalization, and has no bearing on the company’s sound fundamentals.Full Circulation to Support a Breakthrough in Tradable Market Capitalization,Re-admission to the Hong Kong Stock ConnectThe main reason behind Huitongda’s exclusion from the Hong Kong Stock Connect was its tradable market capitalization not meeting the eligibility requirements. However, the company is proactively driving the full circulation of its H shares, which is expected to quickly boost its tradable market capitalization.According to its latest announcement, Huitongda plans to convert 350 million domestic shares into H shares. Upon completion, the proportion of H shares in circulation will increase sharply from 32.04% to 94.21%, significantly expanding the company’s negotiable market capitalization (which will be almost equal to its total market capitalization), and in turn, allowing the company to meet the Hong Kong Stock Connect inclusion requirement. The market expects that once the full circulation is completed, Huitongda could be re-admitted to the Hong Kong Stock Connect as early as 2026, attracting more passive index funds and active international investors in the process.In fact, full circulation is not exactly a rare sight. Since the China Securities Regulatory Commission (CSRC) launched the H-share full circulation pilot program in 2018 and fully implemented the reform in 2019, many positive and far-reaching changes have taken place at the policy level, which has provide significant incentives for market players as well as broader access for enterprises at different development stages from different industries, allowing qualified enterprises to participate in the capital market reform at the right time.Reviewing the companies that have completed or are in the process of implementing full circulation in the year, such as Poly Property, Shiyue Daotian, and Sunshine Insurance etc., their share prices experienced significant increases after full circulation, rising by 17% to 38%. The market’s positive response underscores how full circulation can help to unleash corporate value. Likewise, Huitongda is expected to benefit from this reform, leading to a more optimized capital structure, improved liquidity, and enhanced valuation visibility.The latest institutional research reports, including those from Zheshang Securities, also pointed out that Huitongda submitted an application to the China Securities Regulatory Commission in June for the full circulation of its 350 million domestic shares. Upon completion, the total number of H shares is expected to reach 530 million, which will significantly increase the company’s tradable market capitalization, supporting its re-admission to theHong Kong Stock Connect.Improving Fundamentals, AI + Supply Chain Strategy to Drive Dual-engine GrowthFrom a longer-term perspective, the benefits of full circulation and a more flexible capital structure can only be fully realized through robust fundamentals and profitability — an area in which Huitongda continues to focus on through strategic transformation.On the one hand, the company improved its profit quality by actively streamlining its business mix, reducing exposure to low-margin verticals such as agricultural means of production and vehicles and auto parts merchandise. On the other hand, Huitongda has deepened collaborations with top brands while accelerating its self-owned brand development, in order to refine its product mix and improve its value-added capabilities. In the first half of 2025, revenue from self-owned brands exceeded RMB80 million, representing a remarkable 490% increase year-on-year, with a gross profit margin of above 25%.More importantly, as artificial intelligence continues to redefine business operations across industries, Huitongda has positioned itself at the forefront of AI adoption.Not only has it established a "full-stack AI comprehensive cooperation" with Alibaba Cloud, with both parties deeply penetrating the lower-tier markets around "AI + industries," but it has also actively integrated leading large language models, launched its AI agent “AI Employee Xiaohui”, and deployed over 24 AI Agents across retail and supply chain management scenarios, greatly improving stores’ operational efficiency. For instance, its “Qiancheng AI Super Store Manager” APP can automate up to 60% of daily store operations, boosting retail store efficiency by more than 30%, and shortening inventory turnover by 15% to 20%.These AI-driven capabilities are gradually becoming a new growth engine for Huitongda. In the first half of 2025, AI-related revenue contributed over 20% of the company’s total service revenue.Overall, while full circulation opens access to a broader capital market, it is Huitongda’s solid earnings growth, clear business roadmap, and cutting-edge AI capabilities and deployment that put them in a good position to capture such an emerging opportunity.Conclusion: Full Circulation + Strong Fundamentals to Unlock Value Re-RatingThe full circulation of H shares has become an important catalyst for the structural reform of the Hong Kong stock market. The strong performance of companies post-full circulation, such as Poly Property, further demonstrates the positive impact of the reform on corporate valuation.For Huitongda, completing the full circulation will not only address its limitation on tradable market capitalization, accelerate its re-admission to the Hong Kong Stock Connect, and attract more high-quality investors, it will also bring positive synergies with its fundamentals, driving earnings growth, the expansion of its self-owned brands, and the commercialization of its AI technologies. Looking ahead, as the capital structure reform and business fundamentals continue to converge, Huitongda is well positioned for value re-rating, setting a good example for other Hong Kong-listed companies aiming to leverage policy benefits for sustainable, high-qualitygrowth.16/10/2025 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.com

JERSEY, Channel Islands - October 15, 2025 - (SeaPRwire) - Hawksford announced that it has rapidly expanded its global corporate services through several recent strategic acquisitions, enhancing its ability to support clients in almost any country globally with complex, multi-jurisdictional needs. This growth strengthens its expertise across markets, enabling businesses to pursue cross-border investment and international growth with confidence.Photo Courtesy of HawksfordHawksford, a global provider of corporate, private client and fund services, has significantly expanded its international presence over the past three years through six strategic acquisitions and the growth of its teams in key markets.Since 2022, Hawksford has strengthened its footprint and service offering with the acquisitions of Pearse Trust (Ireland), Griffon Solutions (Mauritius), ACT Management Services (Netherlands), Healy Consultants (Dubai and Singapore), Paradigm Governance Partners (Cayman Islands and the US), YT Group (Luxembourg), and United Group (Luxembourg and Malta), as well as Equiom’s businesses in Luxembourg and the Netherlands. These additions have reinforced Hawksford’s global network and broadened its expertise across corporate administration, company formation, accounting, and tax services.The acquisition of Healy Consultants in 2023 was a pivotal milestone, positioning Hawksford as a leading provider of global entity setup services. More recent deals – including the acquisitions of Paradigm Governance Partners, United Group, YT Group, and Equiom’s Netherlands and Luxembourg businesses – have expanded Hawksford’s ability to deliver sophisticated multi-disciplinary solutions.Chief Commercial Officer Gavin Wilkins believes this evolutionary stage has accelerated Hawksford’s strategic objective to ensure it offers a truly global solution that responds to evolving client needs.“Our acquisitions are part of a deliberate strategy designed to give clients access to exceptional expertise and support, no matter where they operate. This has undoubtedly paid dividends, reflected in our strong growth, with businesses spanning manufacturing and technology to retail and financial services, all trusting us as a partner that can navigate multi-jurisdictional regulations while helping them scale globally,” he says.Alongside acquisitions, Hawksford has expanded its business development teams in Ireland, Dubai, China, and London to meet rising demand from SMEs and high-growth companies seeking market entry, compliance, and cross-border expansion support.Nik Zhukov, Managing Director of Global Solutions, summarised: "As cross-border investment and trade become increasingly complex, shaped by shifting tax frameworks and tariffs to regulation and consumer behaviours, our client-focused solutions aim to remove those burdens enabling corporate clients to concentrate on their core business and investment priorities."Hawksford has more than 60 years of experience providing corporate, private client, and fund services to entrepreneurs, multinational corporations, and private clients. For more information, visit www.hawksford.comAbout HawksfordHawksford is a global provider of corporate, private client, and fund services, trusted by more than 4,000 clients across 115 countries. With over 20 offices worldwide, Hawksford delivers tailored solutions for international expansion, regulatory compliance, and cross-border administration.The firm specializes in company setup, accounting and tax services, governance, and fund administration, supporting businesses, entrepreneurs, and private clients in navigating complex jurisdictions. Hawksford has built a reputation for combining global reach with local expertise, helping clients scale confidently in established and emerging markets.Media ContactCompany: HawksfordContact: Chris Hansen, Group Marketing ManagerEmail: chris.hansen@hawksford.comWebsite: https://www.hawksford.com/Address: 15 Esplanade, St. Helier, Jersey JE1 1RB, Channel Islands16/10/2025 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.com

(Shenzhen, China) On October 10, 2025, Hymson Laser Technology Group Co., Ltd., headquartered in Shenzhen, China, announced the full acquisition of Xteg, a German laser cutting equipment and service provider, strengthening the company’s footprint in the European laser cutting market.Expanding Presence in EuropeFounded in 2008, Hymson has accumulated experience for nearly 20 years in laser and intelligent manufacturing services. The company provides specialized, high-quality product portfolios and solutions tailored to sheet metal applications across multiple industries.As a fiber laser cutting equipment specialist rooted in Germany, Xteg’s competitive advantage stems from its deep localization in Europe. Its core team comprises seasoned experts with decades of experience in the metal sheet cutting industries, and the brand’s influence spans both advanced manufacturing and basic industrial sectors.Through this acquisition, Hymson aims to influence the competitive landscape of the European laser cutting market by integrating Xteg’s local sales and service strength with its own outstanding R&D and manufacturing capabilities in China. Hymson positions itself to better meet customer requirements with both cutting-edge technology and responsive service, ultimately enhancing its competitiveness in Europe’s laser cutting segment.Joint Market Introduction at BlechExpoThe first joint appearance of “Hymson × Xteg” will take place at the BlechExpo trade fair in Stuttgart on October 21. Hymson plans to introduce a portfolio including HyLaser, HyTube, HyTower, and HyAuto, marking the alliance’s initial product presentation to the European market.Meanwhile, Hymson has launched the HyLaser Plus and Pro series, which offers the combination of the standardized configurations and flexible value-added functions, to better fulfill the customer demand of high precision, high efficiency and high reliability. Hymson’s product lines are equipped with the FSCUT intelligent control system and Max Photonics Elite series laser sources, combined with advanced software features such as intelligent piercing, automatic re-cutting, and path monitoring. These innovations directly target the three core challenges of precision, efficiency, and stability that have long plagued the European market. Offered in worktable formats of 3200×1600 mm, 4000×2000 mm, and 6300×2600 mm, they enable smoother material handling and faster setup, helping users achieve higher productivity with consistent cutting quality.In addition, by leveraging the “Hymson + Xteg” combination, the joint team can provide faster supports and full lifecycle services to the customers, making sure the Hymson machine can bring the best productivity for customer business success.The BlechExpo will be the first opportunity for European customers to evaluate the Hymson-Xteg partnership and its potential role in the market. Hymson and Xteg are ready for the show. Media contactCompany： Hymson Laser Technology Group Co., Ltd.Email: liruiyu@hymson.com Website: https://www.hymson.com15/10/2025 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.com

CLSA Initiates Coverage on Newborn Town (SEHK: 9911) with HK$17.50 Price Target; Company’s Localization Edge Surpasses Peers in the U.S and China[Hong Kong – 14 October 2025] CLSA has initiated coverage on Newborn Town Inc. (Newborn Town or the company, together with the subsidiaries as ‘the Group’, stock code: 09911.HK) , the global social entertainment company, with “Outperform” rating and a target price of HK$17.50. Compared with the closing price of HK$11.66 on 10 October, CLSA’s target price implies an upside potential of 50%. Previously, several brokers including Soochow Securities and CMB International have covered Newborn Town, issuing positive ratings of "Buy" and "Overweight".CLSA’s report highlighted that Newborn Town has been building a deep moat in the global social entertainment business sector through its unique "Happiness Machine" philosophy.The target price is primarily based on the company’s stable cash flow generation capabilities and outstanding return on equity (ROE). Newborn Town boasts a solid user base and strong market competitiveness in the global social entertainment market, particularly in high-Average Revenue Per User (ARPU) regions such as the Middle East and North Africa (MENA), demonstrating competitive advantages over peers in the U.S. and China.Newborn Town’s Strategic Expansion in MENA Unlocks Vast Potential, Outpacing U.S. and China Peers in Localization CapabilitiesNewborn Town’s competitiveness in the MENA market continues to strengthen. According to the company’s financial reports, its MENA business scale grew over 60% year-on-year in both 2024 and the first half of 2025, showcasing robust growth momentum.CLSA noted that the MENA region boasts a population of over 570 million, with a median age of just 26 years and 400 million internet users. On average, users spend more than 210 minutes per day on social apps—1.5 times that of U.S. users, 1.8 times that of China, and 2 times that of Germany. This usage far exceeds the global average of 143 minutes.“We see ample room for growth for social entertainment services in MENA. We believe Newborn Town is among the most competitive players to capture opportunities and expand its market share.”CLSA viewed that Newborn Town had constructed a deep competitive moat globally — especially in the MENA region. On one hand, the company adapts proven mature monetization models validated in the Chinese market; on the other hand, it leverages a rich foundation of internet talent to gradually establish differentiated advantages in the global social entertainment field. Its social products are supported by deep localization operations, extensive KOL networks, efficient traffic strategies, and profound user insights, effectively building barriers and raising industry entry thresholds.“We believe Newborn Town stands out among peers for its deep user insights, tailored services and diversified monetisation model, especially when compared with US-based companies; it has outperformed Chinese players in product features innovation, traffic acquisition and content operations capability thanks to its strong local presence, in our view.”The report also showed that in 2024, Newborn Town officially joined Saudi Arabia's regional headquarters program to set up a regional headquarters in Saudi Arabia, becoming the first social entertainment company to do so. It is one of a few Chinese companies which have established a strong presence in the market. CLSA Forecasts Strong CAGR Growth in Revenue and Profit Across All Newborn Town Segments Over the Next Three YearsBased on the in-depth research, CLSA provided a forecast for Newborn Town’s growth over the next three years: the company’s revenue CAGR will reach 24%, hitting RMB9.8 billion by the end of 2027, up from RMB5.1 billion in 2024.CLSA expected the pan-audience social business to achieve total revenue of RMB7.9 billion by the end of 2027, compared to RMB3.8 billion in 2024, representing a compound annual growth rate of 28%. Currently, SUGO and TopTop maintain strong growth momentum and will remain the primary contributors to revenue growth over the next two years; mature products like MICO and YoHo will focus on refined operations, expected to steadily contribute revenue and cash flow. In addition, new product incubations are progressing smoothly.According to CLSA estimates, the diverse-audience business will see revenue reaching RMB1.1 billion, up from RMB800 million in 2024, with a CAGR of 7% over three years. The growth will be driven by the international expansion of HeeSay. The company aims to enhance its leadership position in Southeast Asia and to improve profitability, while exploring opportunities in new markets. For the innovative business, CLSA expected total revenue of RMB0.9 billion by the end of 2027, up from RMB0.5 billion in 2024. An enriched casual game portfolio and rapidly growing social e-commerce business will drive significant revenue and profit growth.In terms of profits, CLSA expected Newborn Town’s core earnings before interest and taxes to grow at a compound annual growth rate of 27% to RMB1.5 billion by 2027, more than doubling from 2024, driven by scale expansion and the continuous growth drivers via the content ecosystem. Notably, there is also room for gross margin improvement. CLSA expected the gross margin to expand from 51% in 2024 to 57% in 2027, driven by a product mix shift towards higher-margin UGC products such as TopTop and game businesses. As the product portfolio matures, operating margins are expected to improve through optimization of user acquisition costs and adjustments to revenue sharing with content partners.Target Price of HK$17.50: Strong ROE and Cash Flow to Boost Shareholder ReturnsCLSA pointed out that Newborn Town exhibited excellent capital efficiency and robust financial quality, manifested in its high-return, asset-light, agile business model, and strong cash flow generation.They forecasted the company's ROE to stay over 30% over the next three years. Meanwhile, they expected the company’s free cashflow to rise sustainably with operating cash flow growth, and minimal capital expenditure needs. As of the end of 2024, net cash accounted for 57% of total assets. Its strong cash-generation capabilities and net cash position paved the way for stronger shareholder returns in the future. Based on a DCF model, CLSA initiated a target price of HK$17.50 with 50% upside (compared with the closing price on 10 October), with an “Outperform” rating. This target price implies to adjusted P/E ratios of 16.0x/13.4x for FY2026/2027. On the back of a 3-year CAGR for adjusted EPS reaching 31%, with the PEG ratio is below 1x, the current valuation was considered attractive. If the company makes further progress in core product count, regional expansion, or margin improvements, valuation could further rerate towards 15x-20x.About Newborn TownNewborn Town has grown into a leading technology company which was listed on the Main Board of the Hong Kong Stock Exchange (HKEX) in 2019 under the stock code 9911.Committed to creating positive emotional values worldwide, Newborn Town has developed a diverse portfolio of applications in the social networking and entertainment sectors. Its social apps include MICO, YoHo, TopTop, SUGO and HeeSay, together with gaming products like Alice's Dream: Merge Games. These applications have achieved widespread acclaim, reaching over one billion users in over one hundred countries and regions.Newborn Town considers the Middle East and North Africa (MENA) region a key market and has also extended its influence in Southeast Asia, Europe, the United States, Japan, and South Korea. The company aims to become the world's largest social entertainment company.For enquiries, please contactDLK Advisory pr@dlkadvisory.comFile: 9911_CLSA report_EN_FINAL14/10/2025 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.com