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TOT BIOPHARM (1875.HK) Turns a Profit for the First Time, Reports 2024 Net Income of RMB 34.8M
Guru Club, March 12丨TOT BIOPHARM - B (1875.HK) announced that for the full-year results ending December 31, 2024, the Company reported better-than-expected performance, with annual revenue reaching RMB 1.098 billion, representing a 41% year-on-year increase. In 2024, it achieved a turnaround from loss to profit for the first time, posting a net profit of RMB 34.8 million. With continuously enhanced cash generating capabilities, the net cash from operating activities has been positive for three consecutive years, reaching RMB116.4 million in 2024. The CDMO (Contract Development and Manufacturing Organization) business demonstrated robust growth potential with a notable funnel effect. Leveraging its cutting-edge technology platforms to enhance front-end pipeline promotion, the Company saw a significant increase in early-stage projects. It added 58 new projects throughout the year, including 48 ADC (Antibody - Drug Conjugate) projects, bringing the total to 153 projects. Notably, it secured 2 pre-BLA (Pre-Biologics License Application) projects, bringing the total number to 8, fully demonstrating the Company's outstanding capability in late-stage CDMO commercialization projects and further strengthening its potential for future revenue expectations. The Company's service backlog on hand reached RMB 191 million, marking a 39% year-on-year growth.Widely recognized by the industry world-wide, the Company's high-standard quality management system has passed many production site inspections by relevant drug regulatory authorities and GMP compliance inspections in many countries, as well as several GMP inspections by customers and third-party consulting agencies. In 2024 alone, the Company received 38 GMP audits in total, including 7 official GMP audits (3 by foreign authorities and 4 by domestic authorities) and 2 EU QP audits (one of which was passed with zero defects). The Company also obtained GMP certificates from countries such as Colombia, Egypt, and Indonesia. Additionally, the Company obtained the Accreditation of Foreign Manufacturers by the PMDA in Japan, signifying that TOT BIOPHARM's production lines and quality system comply with Japanese pharmaceutical quality and safety standards. Furthermore, the Company assisted its customers in completing inspections by their overseas partnering multinational pharmaceutical companies and other institutions on multiple occasions, and successfully collaborated with its customers in completing the licensing with high recognition.21/03/2025 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
Mar 21, 2025

TOT BIOPHARM (1875.HK) Turns a Profit for the First Time, Reports 2024 Net Income of RMB 34.8M
Guru Club, March 12丨TOT BIOPHARM - B (1875.HK) announced that for the full-year results ending December 31, 2024, the Company reported better-than-expected performance, with annual revenue reaching RMB 1.098 billion, representing a 41% year-on-year increase. In 2024, it achieved a turnaround from loss to profit for the first time, posting a net profit of RMB 34.8 million. With continuously enhanced cash generating capabilities, the net cash from operating activities has been positive for three consecutive years, reaching RMB116.4 million in 2024. The CDMO (Contract Development and Manufacturing Organization) business demonstrated robust growth potential with a notable funnel effect. Leveraging its cutting-edge technology platforms to enhance front-end pipeline promotion, the Company saw a significant increase in early-stage projects. It added 58 new projects throughout the year, including 48 ADC (Antibody - Drug Conjugate) projects, bringing the total to 153 projects. Notably, it secured 2 pre-BLA (Pre-Biologics License Application) projects, bringing the total number to 8, fully demonstrating the Company's outstanding capability in late-stage CDMO commercialization projects and further strengthening its potential for future revenue expectations. The Company's service backlog on hand reached RMB 191 million, marking a 39% year-on-year growth.Widely recognized by the industry world-wide, the Company's high-standard quality management system has passed many production site inspections by relevant drug regulatory authorities and GMP compliance inspections in many countries, as well as several GMP inspections by customers and third-party consulting agencies. In 2024 alone, the Company received 38 GMP audits in total, including 7 official GMP audits (3 by foreign authorities and 4 by domestic authorities) and 2 EU QP audits (one of which was passed with zero defects). The Company also obtained GMP certificates from countries such as Colombia, Egypt, and Indonesia. Additionally, the Company obtained the Accreditation of Foreign Manufacturers by the PMDA in Japan, signifying that TOT BIOPHARM's production lines and quality system comply with Japanese pharmaceutical quality and safety standards. Furthermore, the Company assisted its customers in completing inspections by their overseas partnering multinational pharmaceutical companies and other institutions on multiple occasions, and successfully collaborated with its customers in completing the licensing with high recognition.21/03/2025 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
Mar 21, 2025

Newborn Town Inc. (SEHK: 9911) Reported Revenue of RMB 5.09 Billion in 2024, marking a Substantial Increase of 53.9% YoY
Newborn Town Inc. (SEHK: 9911) Reported Revenue of RMB 5.09 Billion in 2024, marking a Substantial Increase of 53.9% YoYOn March 20th, Newborn Town unveiled its annual results for the year ended December 31st, 2024. Benefiting from the AI empowerment of social and entertainment products, the company experienced remarkable growth in both revenue and profit. According to the announcement, Newborn Town reported a total revenue of RMB 5,092 million in 2024, marking a 53.9% year-over-year increase. Net profit for the year reached RMB 788 million, while adjusted EBITDA totaled at RMB 963 million, demonstrating a 42.8% year-over-year increase.The company’s social networking business reached revenue of RMB 4,632 million, marking a 58.1% growth year-over-year. TopTop and SUGO, the social products with second-mover advantages, witnessed substantial expansion particularly in the MENA region. Additionally, the innovative business, which included quality games and social e-commerce segment, also performed impressively, contributing RMB 460 million in revenue, a growth of 21.3% YoY.Sustained Growth Achieved in Social Networking Business as MENA’s Revenue Growth Rate Exceeds 60%Newborn Town’s strategy of developing a 'bush-like' portfolio of social apps has accelerated its growth in 2024, fueled by the company’s product innovation, localized operation and growth, as well as the AI-powered commercialization efficiency gains. Among them, new products TopTop and SUGO have shown explosive growth, while established products like MICO and YoHo continue to deliver steady profits and cash flow.In 2024, SUGO’s total revenue surged by over 200% year-over-year, with average monthly recharge amount exceeding US$10 million. TopTop also delivered impressive results, with its UGC-driven community further thriving and total revenue increasing by more than 100%. These successes have diversified the company’s revenue streams, making its core business more resilient and robust.The MENA market remains a crucial growth driver and has continued to unlock significant business potential in 2024. According to the announcement, Newborn Town’s core social apps revenue in this region increased by over 60% compared to the previous year, far outpacing the growth rate of 2023.After over a decade of penetration in the MENA region, Newborn Town continues to break new ground and create incremental value. This not only underscores the vast commercial opportunities in the MENA market but also highlights the company’s growing dominance as a leading social entertainment player, further establishing its strengths through strong localization strategies.The MENA region has become a fertile ground for Newborn Town to cultivate blockbuster products. With multiple products leading their respective niches, Newborn Town is inching closer to its strategic goal of "deepening its presence in MENA".In the second half of 2024, the company was granted the Regional Headquarters License by Saudi Arabia's Ministry of Investment (MISA), becoming the first global social entertainment company to establish a regional headquarters in Saudi Arabia. The Capabilities to Replicate Blockbuster Products Further Improved by AI EmpowermentFor the first time in its results announcement, Newborn Town revealed details about its self-developed multimodal algorithm model, which has significantly boosted commercialization efficiency and fueled new products’ explosive growth. The Boomiix model has been instrumental in enhancing the capabilities of Newborn Town’s proprietary AI engine, improving efficiency in user behavior analysis, preference identification, and value measurement. The upgraded algorithm has optimized social matching and content recommendation, leading to better user experiences and higher commercialization efficiency.SUGO’s success has exemplified AI-driven efficiency gains. By leveraging Boomiix, the social platform has seen improved matching efficiency and smarter operational decision-making progress. By the end of 2024, SUGO experienced a more than 20% increase in ARPU (Average Revenue Per User) compared to the beginning of the year, marking a significant optimization in its monetization strategies.With AI integration deepening across R&D, operations, marketing, and advertising, Newborn Town has successfully accelerated its ability to replicate blockbuster products. SUGO, the social app launched just over three years ago, has already surpassed US$10 million in monthly recharge amount, reinforcing AI’s role in the company’s expansion strategy.In recent years, by continuously addressing diverse user needs and driving product innovation, the company has built a thriving 'bush-like' portfolio of social apps, including MICO, YoHo, TopTop, SUGO and HeeSay. With the "product matrix + AI engine" model proving effective, Newborn Town is well-positioned to further leverage technology-driven growth and unlock greater commercial value.Quality Games Began Driving Revenue Whilst Social E-commerce Unleashed PotentialIn 2024, the company made significant strides in its innovative business segments, particularly in quality games and social e-commerce.The quality games sector saw steady growth. The company's self-developed quality games, published through external teams, have generated approximately RMB 705 million in recharge amount, marking about an 80.4% increase compared to 2023. The flagship title, Alice's Dream: Merge Games has performed exceptionally well. Notably, the quality games began contributing to the company’s revenue in the fourth quarter of 2024, marking its entry into a profitable phase.Meanwhile, the social e-commerce business experienced rapid growth, driven by the in-depth exploration of user needs, an expanded product portfolio, and a broader user base. Its revenue increased by over 200% year-over-year, with profits surging by more than 600%, solidifying the company’s leadership in this vertical market.Newborn Town has demonstrated its firm confidence in future growth through concrete actions. In 2024, the company repurchased shares worth over HKD 150 million and has planned to continue repurchasing in the following years. Looking ahead, Newborn Town is committed to implementing its strategy for cultivating the application 'bush' worldwide, strengthening AI integration and leveraging its diverse product lineup to capture new niches within the global social entertainment market, tapping into the broader commercial space in the "emotional value" consumption field.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.com20/03/2025 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
Mar 20, 2025

Global attractions industry to converge in Shanghai for major trade expo
Attendee registration is now open for the IAAPA Expo Asia being staged this year in Shanghai, China. Asia-Pacific’s theme and amusement park industry is booming – by the end of 2025, it is expected to have over 425 million visitors and spend of more than USD19 billion. Jill Estorino of Disney Parks International to speak at Leadership Breakfast; attendee EDUTours to LEGOLAND Shanghai and Shanghai Disney ResortShanghai, China (12 March 2025) – Attendee registrations are now open for the largest amusement industry trade show in the Asia-Pacific region: the IAAPA Expo Asia 2025, running 30 June to 3 July at the Shanghai New International Expo Center.From thrilling rides to robotics, safety features to AI experiences as well as queue management, the inspiring four-day international extravaganza will showcase the newest technological advancements and innovative solutions in the attractions industry from more than 300 exhibitors.Over 10,000 attendees are expected to visit the bustling 10,000m2 trade show floor to explore the latest trends, key issues and consumer preferences shaping the future of the sector.IAAPA Asia Pacific Executive Director and Vice President, Jack Chan, said the event is the ultimate gathering of global attraction industry leaders and a prime platform to foster beneficial connections.“IAAPA Expo Asia really is a one-stop destination for professionals in the leisure and attractions industry, whether you’re part of a multinational corporation or a small family-run operation,” he said.The expo’s comprehensive education program of over 20 learning opportunities will cover a wide range of topics, from personnel development and merchandise to F&B trends and revenue diversification.Among this year's stellar lineup of keynote speakers is President and Managing Director of Disney Parks International, Jill Estorino. Widely sought-after as an industry speaker, Jill will deliverinsights on innovation, marketing, and guest service during IAAPA Expo Asia’s signature Leadership Breakfast.Additionally, EDUTours at Expo Asia will enable attendees to get an exclusive behind-the-scenes look at some of Shanghai’s world-class attractions. Included in the lineup are tours to LEGOLAND Shanghai Resort and Shanghai Disney Resort. Both EDUTours to provide an opportunity to gain insider knowledge directly from top executives.“The event caters to the incredible breadth of our industry – including amusement and water parks, entertainment centres, zoos, aquariums, museums and nature attractions as well as hotels and resorts and event facilities such as food and beverage operators, and everything in between,” Chan said.“The expo opens attendees’ eyes and minds to new ideas and new thinking and, importantly, access to ready-to-implement tools, systems and products to propel their business further.”This year's theme ‘Find Possible’ reflects the event’s focus on inspiring creativity and forging meaningful connections to unlock new growth opportunities, explore the future of the leisure and entertainment industry, and discover unexpected partnerships and new market opportunities.View theIAAPA Expo Asia event pagefor more information and registration details.Media and industry influencers should visit theIAAPA Expo Asia Press Office pageto apply for credentials.- ENDS-For further information on IAAPA Expo Asia 2025 or for interview opportunities with senior executives please contact:Emily StojcevskiSoda CommunicationsE: emily@sodacommunications.com.auM: + 61 409 552 913Eryka Washington PerryDirector, Global Communications, IAAPAE: EWashington@IAAPA.orgAbout IAAPAIAAPA is a diverse and dynamic community of global attractions professionals. As the largest international trade association for permanently located attractions, IAAPA unifies the attractions community, connects people to learn and grow together, and strives to promote the highest professional standards for excellence and safety around the world.Founded in 1918, IAAPA represents leading industry attractions and supplier companies, consultants, and individual members from more than 100 countries. Members include professionals from amusement parks, theme parks, attractions, water parks, resorts, family entertainment centers, zoos, aquariums, science centers, museums, cruise lines, manufacturers, and suppliers.The association’s global headquarters and North America office are in Orlando, Florida, U.S. IAAPA also maintains offices in Brussels, Belgium; Dubai, United Arab Emirates; Hong Kong SAR, China; Shanghai, China; and, Mexico City, Mexico. Visit IAAPA.org or connect through IAAPA’s social media channels: @IAAPAHQ #IAAPAIAAPA Online Press RoomPressOffice@IAAPA.org19/03/2025 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
Mar 19, 2025

Global attractions industry to converge in Shanghai for major trade expo
Attendee registration is now open for the IAAPA Expo Asia being staged this year in Shanghai, China. Asia-Pacific’s theme and amusement park industry is booming – by the end of 2025, it is expected to have over 425 million visitors and spend of more than USD19 billion. Jill Estorino of Disney Parks International to speak at Leadership Breakfast; attendee EDUTours to LEGOLAND Shanghai and Shanghai Disney ResortShanghai, China (12 March 2025) – Attendee registrations are now open for the largest amusement industry trade show in the Asia-Pacific region: the IAAPA Expo Asia 2025, running 30 June to 3 July at the Shanghai New International Expo Center.From thrilling rides to robotics, safety features to AI experiences as well as queue management, the inspiring four-day international extravaganza will showcase the newest technological advancements and innovative solutions in the attractions industry from more than 300 exhibitors.Over 10,000 attendees are expected to visit the bustling 10,000m2 trade show floor to explore the latest trends, key issues and consumer preferences shaping the future of the sector.IAAPA Asia Pacific Executive Director and Vice President, Jack Chan, said the event is the ultimate gathering of global attraction industry leaders and a prime platform to foster beneficial connections.“IAAPA Expo Asia really is a one-stop destination for professionals in the leisure and attractions industry, whether you’re part of a multinational corporation or a small family-run operation,” he said.The expo’s comprehensive education program of over 20 learning opportunities will cover a wide range of topics, from personnel development and merchandise to F&B trends and revenue diversification.Among this year's stellar lineup of keynote speakers is President and Managing Director of Disney Parks International, Jill Estorino. Widely sought-after as an industry speaker, Jill will deliverinsights on innovation, marketing, and guest service during IAAPA Expo Asia’s signature Leadership Breakfast.Additionally, EDUTours at Expo Asia will enable attendees to get an exclusive behind-the-scenes look at some of Shanghai’s world-class attractions. Included in the lineup are tours to LEGOLAND Shanghai Resort and Shanghai Disney Resort. Both EDUTours to provide an opportunity to gain insider knowledge directly from top executives.“The event caters to the incredible breadth of our industry – including amusement and water parks, entertainment centres, zoos, aquariums, museums and nature attractions as well as hotels and resorts and event facilities such as food and beverage operators, and everything in between,” Chan said.“The expo opens attendees’ eyes and minds to new ideas and new thinking and, importantly, access to ready-to-implement tools, systems and products to propel their business further.”This year's theme ‘Find Possible’ reflects the event’s focus on inspiring creativity and forging meaningful connections to unlock new growth opportunities, explore the future of the leisure and entertainment industry, and discover unexpected partnerships and new market opportunities.View theIAAPA Expo Asia event pagefor more information and registration details.Media and industry influencers should visit theIAAPA Expo Asia Press Office pageto apply for credentials.- ENDS-For further information on IAAPA Expo Asia 2025 or for interview opportunities with senior executives please contact:Emily StojcevskiSoda CommunicationsE: emily@sodacommunications.com.auM: + 61 409 552 913Eryka Washington PerryDirector, Global Communications, IAAPAE: EWashington@IAAPA.orgAbout IAAPAIAAPA is a diverse and dynamic community of global attractions professionals. As the largest international trade association for permanently located attractions, IAAPA unifies the attractions community, connects people to learn and grow together, and strives to promote the highest professional standards for excellence and safety around the world.Founded in 1918, IAAPA represents leading industry attractions and supplier companies, consultants, and individual members from more than 100 countries. Members include professionals from amusement parks, theme parks, attractions, water parks, resorts, family entertainment centers, zoos, aquariums, science centers, museums, cruise lines, manufacturers, and suppliers.The association’s global headquarters and North America office are in Orlando, Florida, U.S. IAAPA also maintains offices in Brussels, Belgium; Dubai, United Arab Emirates; Hong Kong SAR, China; Shanghai, China; and, Mexico City, Mexico. Visit IAAPA.org or connect through IAAPA’s social media channels: @IAAPAHQ #IAAPAIAAPA Online Press RoomPressOffice@IAAPA.org19/03/2025 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
Mar 19, 2025

Hong Kong Ferry (0050.HK) announces FY2024 annual results
Hong Kong Ferry announces FY2024 annual results Increase in revennue for FY2024Strategy to lease out The Symphonie for stable rental incomeHighlights of financial resultsThe Group’s revenue for the year amounted to HK$423 million, up by 12.9% as compared to last year. The Group’s underlying profit for the year ended 31 December 2024 amounted to HK$158 million, up by 10% as compared to last year. Consolidated profit after taxation for FY2024 amounted to HK$160 million, down by approximately 14% as compared to last year. Earnings per share amounted to HK$0.46. The Board of Directors recommended a final dividend of HK15 cents per share.(18 March 2025, Hong Kong)– Hong Kong Ferry (Holdings) Company Limited (the “Company”, which together with its subsidiaries, is referred to as the “Group”; SEHK stock code: 0050) announced annual results for the year ended 31 December 2024.Period Under ReviewThe Group’s revenue for the year amounted to HK$423 million, representing an increase of 12.9% when compared with the previous year. This was mainly attributable to the increase of revenue from ferry, shipyard as well as healthcare, medical aesthetic and beauty services. During the year under review, the Group’s underlying profit for the year ended 31 December 2024 was HK$158 million, representing an increase of approximately 10% from the same period last year. Taking into account the fair value change of the investment properties, consolidated profit after taxation for the year under review decreased by approximately 14% to approximately HK$160 million as compared with the same period of 2023. During the year under review, the Group’s operating profit was mainly derived from the rental income from shops and commercial arcades as well as interest income from banks. The Group had no borrowings.The Board of Directors has recommended the payment of a final dividend for the year ended 31 December 2024 of HK15 cents per share (2023: final dividend of HK15 cents per share) subject to shareholders’ approval at the upcoming annual general meeting. The final dividend, together with the interim dividend of HK10 cents per share already paid, will make a total distribution of HK25 cents for the full year.Property Development and Investment OperationsIn 2024, the rental income arising from the commercial arcades of the Group amounted to approximately HK$125 million. As at 31 December 2024, the commercial arcades of The Spectacle and Metro6 were fully let. The occupancy rate of the commercial arcade of Shining Heights, Metro Harbour Plaza and Green Code Plaza was 95%, 93% and 86% respectively.The Royale (8 Castle Peak Road - Castle Peak Bay, Tuen Mun) Joint Venture Development ProjectThe Group has already delivered to buyers the 1,748 residential units sold. Some of the residential units are arranged for lease to increase the Group's revenue.The Symphonie (280 Tung Chau Street, Cheung Sha Wan) Redevelopment ProjectThe Group’s redevelopment project “The Symphonie” in Cheung Sha Wan, with a residential gross floor area of about 100,698 square feet, provides 262 residential units. Due to the improvement in the rental market in Hong Kong, rental yields have increased. On 12 March 2025, a wholly-owned subsidiary of the Company entered into a legally binding memorandum of understanding (“MOU”) with a prominent non-profit making organisation (the “Intending Tenant”) in relation to the leasing of all 262 residential units in the two towers of The Symphonie at Tung Chau Street to the Intending Tenant for a medium-term tenure at market rental with expected rent commencement date in the first half of this year. The transactions contemplated under the MOU are conditional upon the obtaining of the approval from the Urban Renewal Authority as the grantee of the government lease.Ferry, Shipyard and Related OperationsDuring the year under review, the Ferry, Shipyard and Related Operations recorded a deficit of HK$8 million, an increase of 4% as compared to the year 2023. The Group has applied to the Transport Department for a fare increase for the “North Point - Kwun Tong” dangerous goods vehicular ferry service, and believes that the overall operation loss will be alleviated. With the opening of the western section of the East Coast Boardwalk in North Point, the Group will discuss with the Hong Kong Government the optimisation of the North Point Pier facilities in order to provide a better experience for passengers of the Harbour Cruise - Bauhinia and citizens using the North Point harbourfront.Healthcare, Medical Aesthetic and Beauty ServicesThe number of customers of the “AMOUR” medical aesthetic clinic located at Mira Place, Tsim Sha Tsui, with a floor area of about 12,000 square feet, has increased continuously since its opening. The turnover for the year ended 31 December 2024 was HK$32 million, an increase of 138% compared with the same period last year. As at 31 December 2024, HK$15 million was recorded as payments received for prepaid packages, which in accordance with standard accounting practices had not been included in the income statement of the year under review. On the occasion of its second anniversary, the “AMOUR” medical aesthetic clinic will expand its business, increasing the usable area of the clinic to provide clients with higher quality medical aesthetic services.The Group is currently providing specialised services in cardiology, surgery, orthopedics, plastic surgery, rheumatology and urology under the brand “Total HealthCare Specialists Centre” at H Zentre in Tsim Sha Tsui. The performance has been steadily on the rise and net profits have continued to be recorded during the year under review. The Group also discusses with specialist doctors, specialist clinics, and medical equipment and product suppliers for cooperation from time to time to seek expansion in the medical specialties business.The Group’s pain treatment businesses at Mira Place, Tsim Sha Tsui and Metro Harbour Plaza, Tai Kok Tsui respectively are gradually getting on track. The Hong Kong Government is actively promoting public health, and its reform measures for the medical system are increasingly focused on disease prevention. In view of this, the Group has introduced advanced medical equipment in conjunction with professional registered chiropractors and sports therapists, to provide personalised treatment plans for pain-suffering patients, which helps improve the health of customers.ProspectsIt is expected that the income from rental properties, together with bank interest income, will continue to be the major sources of revenue of the Group in the year 2025. The Group will adopt a flexible leasing policy to retain existing tenants and attract new ones. As deposit interest rates are at a relatively high level, the Group holds ample cash on hand with no borrowings and is able to maintain stable operations, waiting for new investment opportunities.PASSING OF DR. THE HONOURABLE LEE SHAU KEEDr. the Honourable Lee Shau Kee passed away on 17 March 2025. Dr. Lee served as a Director of the Company during the period 1981–2020 and pioneered in the development of the property business, laying a solid foundation. The Board would like to express its deepest condolences on his passing.For more details, please refer to the 2024 annual results announcement on the Company website at www.hkf.com and the HKEX News website at www.hkexnews.hk.-End-About Hong Kong Ferry (Holdings) Company LimitedEstablished in 1923, Hong Kong Ferry (Holdings) Company Limited is engaged in property development and investment, ferry business, medical, aesthetic, specialist healthcare services and pain management, and is committed to providing the most professional, safe, and effective services.For further information, please contact:Karen Chui / Josephine WuTel:(852) 2159 7719 / 2159 7714Fax:(852) 3568 8941Email: ir@hkf.com19/03/2025 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
Mar 19, 2025

Novautek’s 'Smart Housing Estate' AI Robot Solution Receives High Recognition from Legislative Council Member and Officials
(14 March 2025, Hong Kong) Novautek Technologies Group Limited (“Novautek”, stock code: 519.HK) is pleased to announce that Novautek’s "Smart Housing Estate" AI robot solution has received high recognition from Legislative Council member and inter-departmental government officials for Hong Kong's first intelligent public housing project.On 13 March 2025, Dennis Leung Tsz-wing, a member of Legislative Council of Hong Kong, along with representatives from three government departments, conducted an on-site inspection of Hong Kong's first intelligent public housing project. Located in Queen's Hill Estate, this project serves as an innovative pilot for the smart public services development in the region, featuring Novautek’s "Smart Housing Estate" AI robot solution, which introduces two types of robots: intelligent cleaning and security patrol robots.Councilor Dennis Leung is committed to promoting the application of innovative technology and facilitating the government's blueprint for smart city development. During the inspection, Councilor Dennis Leung accompanied the inter-departmental government team to understand the core technology operations of the two types of robots:Novautek’s Intelligent Cleaning Robot: Equipped with an all-round dynamic patrolling system, enhancing community environment maintenance efficiency; and Novautek’s 24-Hour Security Patrol Robot: Featuring real-time monitoring and environmental perception technology, strengthening community safety and security capabilities.Representatives from the government departments expressed high appreciation for the project's outcomes and will further explore expanding the application of related robots to more public facility scenarios, promoting smart city development.In response to the needs of public housing estates, Novautek will continue to deepen technological applications and integrate them with various scenarios, supporting the intelligent transformation of public services.- END -About Novautek Technologies Group LimitedThe principal businesses of Novautek Technologies Group Limited include autonomous driving, property development, property investment, and investment holding. The Group successfully established Novautek Autonomous Driving Limited in 2023 and set up an autonomous driving business in 2024, focusing on developing products and services related to autonomous driving technology for specific scenarios such as cleaning, security, warehousing, logistics and transportation. Based in Hong Kong, the Group not only serves the local market but also promotes its high-tech products to the world. This press release is issued by DLK Advisory Limited on behalf of Novautek Technologies Group Limited.DLK Advisory 金通策略pr@dlkadvisory.comTel: +852 2857 7101Fax: +852 2857 710314/03/2025 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
Mar 14, 2025

SAINT BELLA CEO Danny Xiang Calls for Global Standardization of Postpartum Care at the United Nations’ Largest Annual Women’s Conference
The 69th session of the United Nations Commission on the Status of Women (CSW69) officially commenced on March 10 at the UN Headquarters in New York, focusing on three core issues: Women’s Economic Empowerment in the Digital Age, Innovative Mechanisms to Eliminate Gender-Based Violence, and Women’s Rights in Global Health Governance.Danny Xiang, Founder and CEO of SAINT BELLA Group, Asia’s leading postpartum care group, was invited to speak as a representative of Chinese enterprises during the conference. In his address, he highlighted the transformative impact of traditional Chinese postpartum care wisdom on the global maternal and infant healthcare system, showcasing China enterprise’s role in advancing global health system.With nearly a decade of dedication to advancing gender equality and maternal healthcare, Xiang emphasized the urgent need to establish a standardized global postpartum care system. “Proper postpartum care should be an essential part of global healthcare,” Xiang stated. “This is not only about safeguarding maternal and infant health but also about strengthening family well-being and enhancing socio-economic productivity.”United Nations Secretary-General António Guterres, in his opening remarks, reaffirmed that gender equality is a driving force for global progress. He acknowledged the persistent challenges women face, including violence, discrimination, and economic disparity, and called on all nations to continue their efforts in advancing gender equality to foster global prosperity and peace, aligning with the vision of The Beijing Declaration.The traditional Chinese practice of postpartum care, known as “Zuo Yue Zi”, embodies centuries of wisdom and complements modern medicine through structured recovery management, nutritional guidance, and multi-generational emotional support. SAINT BELLA, under Xiang’s leadership, has been pioneering high-quality postpartum care services tailored to diverse women’s needs.Based on publicly available information, as of 30 June 2024, SAINT BELLA Group was operating 72 postpartum care centers across 25 cities worldwide. Beyond its rapid expansion in China, the company has launched its global footprint in the United States and Singapore, with plans to continue expanding actively to enter into new markets. The company offers a comprehensive ecosystem spanning maternal and infant care services, home care services and health food products, striving to establish a well-rounded family care system in the future, from pregnancy and postpartum recovery to early childhood development and elderly care.Reflecting on his transition from investment banking to entrepreneurship, Xiang shared his vision of bridging the global gap in postpartum care resources. He emphasized that Asia’s successful postpartum care practices could serve as a scalable and adaptable model for improving maternal and infant health worldwide.Currently, over 70% of new mothers globally face postpartum health challenges, yet gaps remain in policy support, economic accessibility, and social awareness. “Scientific postpartum care is not just about maternal health—it directly impacts long-term female well-being and even overall workforce productivity,” Xiang stated.He encouraged governments to implement stronger maternal support policies, integrating postpartum care into national healthcare systems and establishing dedicated financial subsidies. He also called on corporations to foster family-friendly workplaces and encouraged medical institutions to adopt proven postpartum care practices from around the world.In response to the rapid advancement of artificial intelligence, SAINT BELLA is developing an AI-powered 24/7 Digital Postpartum Care Assistant, aiming to make high-quality postpartum support accessible in real-time. “Our ultimate goal is to make high quality postpartum care universally accessible and eventually free, helping women in underserved regions receive the same standard of care as those in privileged areas, contributing to the sustainable development of a shared global future. ” Xiang emphasized. During this conference, SAINT BELLA was honored with the "Eastern Postpartum Culture Award for Global Sustainable Development" by the Global Alliance for Sustainable Development Foundation in recognition of the company's outstanding contributions and remarkable achievements in the field of women's health worldwide.Additionally, Xiang received the "Outstanding Global Sustainable Development Figure Award", acknowledging his visionary leadership, exceptional achievements, and lasting impact in advancing global sustainable development.14/03/2025 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
Mar 14, 2025

SAINT BELLA CEO Danny Xiang Calls for Global Standardization of Postpartum Care at the United Nations’ Largest Annual Women’s Conference
The 69th session of the United Nations Commission on the Status of Women (CSW69) officially commenced on March 10 at the UN Headquarters in New York, focusing on three core issues: Women’s Economic Empowerment in the Digital Age, Innovative Mechanisms to Eliminate Gender-Based Violence, and Women’s Rights in Global Health Governance.Danny Xiang, Founder and CEO of SAINT BELLA Group, Asia’s leading postpartum care group, was invited to speak as a representative of Chinese enterprises during the conference. In his address, he highlighted the transformative impact of traditional Chinese postpartum care wisdom on the global maternal and infant healthcare system, showcasing China enterprise’s role in advancing global health system.With nearly a decade of dedication to advancing gender equality and maternal healthcare, Xiang emphasized the urgent need to establish a standardized global postpartum care system. “Proper postpartum care should be an essential part of global healthcare,” Xiang stated. “This is not only about safeguarding maternal and infant health but also about strengthening family well-being and enhancing socio-economic productivity.”United Nations Secretary-General António Guterres, in his opening remarks, reaffirmed that gender equality is a driving force for global progress. He acknowledged the persistent challenges women face, including violence, discrimination, and economic disparity, and called on all nations to continue their efforts in advancing gender equality to foster global prosperity and peace, aligning with the vision of The Beijing Declaration.The traditional Chinese practice of postpartum care, known as “Zuo Yue Zi”, embodies centuries of wisdom and complements modern medicine through structured recovery management, nutritional guidance, and multi-generational emotional support. SAINT BELLA, under Xiang’s leadership, has been pioneering high-quality postpartum care services tailored to diverse women’s needs.Based on publicly available information, as of 30 June 2024, SAINT BELLA Group was operating 72 postpartum care centers across 25 cities worldwide. Beyond its rapid expansion in China, the company has launched its global footprint in the United States and Singapore, with plans to continue expanding actively to enter into new markets. The company offers a comprehensive ecosystem spanning maternal and infant care services, home care services and health food products, striving to establish a well-rounded family care system in the future, from pregnancy and postpartum recovery to early childhood development and elderly care.Reflecting on his transition from investment banking to entrepreneurship, Xiang shared his vision of bridging the global gap in postpartum care resources. He emphasized that Asia’s successful postpartum care practices could serve as a scalable and adaptable model for improving maternal and infant health worldwide.Currently, over 70% of new mothers globally face postpartum health challenges, yet gaps remain in policy support, economic accessibility, and social awareness. “Scientific postpartum care is not just about maternal health—it directly impacts long-term female well-being and even overall workforce productivity,” Xiang stated.He encouraged governments to implement stronger maternal support policies, integrating postpartum care into national healthcare systems and establishing dedicated financial subsidies. He also called on corporations to foster family-friendly workplaces and encouraged medical institutions to adopt proven postpartum care practices from around the world.In response to the rapid advancement of artificial intelligence, SAINT BELLA is developing an AI-powered 24/7 Digital Postpartum Care Assistant, aiming to make high-quality postpartum support accessible in real-time. “Our ultimate goal is to make high quality postpartum care universally accessible and eventually free, helping women in underserved regions receive the same standard of care as those in privileged areas, contributing to the sustainable development of a shared global future. ” Xiang emphasized. During this conference, SAINT BELLA was honored with the "Eastern Postpartum Culture Award for Global Sustainable Development" by the Global Alliance for Sustainable Development Foundation in recognition of the company's outstanding contributions and remarkable achievements in the field of women's health worldwide.Additionally, Xiang received the "Outstanding Global Sustainable Development Figure Award", acknowledging his visionary leadership, exceptional achievements, and lasting impact in advancing global sustainable development.14/03/2025 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
Mar 14, 2025

Chow Tai Fook Jewellery Group Announces Strategic Appointment in its Financial Leadership Bench Strength
(Hong Kong, China, 13 March 2025) Chow Tai Fook Jewellery Group Limited ("Chow Tai Fook Jewellery Group", the "Group", or the "Company"; SEHK stock code: 1929), a Hong Kong Main Board listed company, today announces a new strategic appointment to strengthen its financial leadership bench. To support the business transformation and sustainable growth of the Group, with effect from 1st April 2025, Mr. Hamilton Cheng, an Executive Director of the Board of Directors, will focus on providing strategic oversight on capital management, investor relations and company secretaries responsibilities while Ms. Karen Yih will succeed Mr. Cheng as the Chief Financial Officer (“CFO”) of the Group. Ms. Yih will target in advancing the Group’s financial management, long-term growth and transformation strategy which includes financial planning and analysis, financial reporting, financial operations management, risk management, and legal affairs.In line with the Group’s commitment to executing its five strategic priorities for quality expansion, it is investing thoughtfully across the organisation to stay ahead of the industry amidst the rapidly evolving global business environment. The new appointment with clearly defined roles and accountabilities is part of the Group’s ongoing proactive approach to ensure it is well-positioned to address future challenges, seize emerging opportunities, and bolster its transformation initiatives.Ms. Yih has extensive experience in finance leadership, digital transformation, corporate developments, and international expansion across diverse industries, including retail, fast-moving consumer goods (“FMCG”) and manufacturing. Prior to joining the Group, she served as the CFO of Starbucks China, where she spearheaded the finance team to support sustainable business growth, enhance capital returns while ensuring financial discipline. Her earlier career included senior leadership roles at PepsiCo APAC and Starbucks APAC, where she also led new market entry and international expansion across multiple markets.Dr. Henry Cheng, Chow Tai Fook Jewellery Group Chairman, said, “The Board continues to prioritise strong agility and financial stewardship to effectively navigate and succeed in today’s dynamic business landscape and rapidly evolving global environment. By seamlessly combining Hamilton’s invaluable industry insights with Karen’s extensive experience in China and international markets, we are confident that the strengthened financial leadership will continue to improve operational efficiencies across the Group as we execute on our commitment to deliver sustainable value creation for our stakeholders.”Chow Tai Fook Jewellery Group Limited Chow Tai Fook Jewellery Group Limited (the “Group”; SEHK stock code: 1929) was listed on the Main Board of The Stock Exchange of Hong Kong in December 2011. The Group firmly upholds the vision: “To be the leading global jewellery brand that is a trusted lifetime partner for every generation”, drawing on nearly a century of legacy and success.Founded in 1929, the Group’s iconic brand “CHOW TAI FOOK” has become an emblem of tradition, celebrated for its bold designs and an unwavering attention to detail. Building upon a rich heritage and a foundation of trust, the Group is not only widely recognised for honouring traditions but also for fostering deep, meaningful connections with a diverse customer base through its exquisite jewellery. The Group’s long-standing commitment to innovation and craftsmanship has been integral to its success over time and has become synonymous with excellence, value and authenticity. As a leading Chinese jeweller, the Group believes in blending contemporary cutting-edge designs with traditional techniques to create jewellery that can be passed down from generation to generation. Every collection is thoughtfully conceived and crafted to reflect the stories of our customers, celebrating the special moments in their lives. Committed to growing alongside our customers, the Group embraces a spirit that aspires to inspire and captivate generations to come, weaving the story of CHOW TAI FOOK into the fabric of their lives.Offering a wide variety of products, services and channels, the Group’s brand portfolio comprises the CHOW TAI FOOK flagship brand with curated retail experiences, and other individual brands including HEARTS ON FIRE, ENZO, SOINLOVE and MONOLOGUE. The Group is committed to delivering sustainable long-term value creation for its stakeholders by enhancing the quality of earnings and driving higher value growth. With an extensive retail network across China and multiple locations globally, along with a growing e-commerce business, the Group is implementing targeted online-to-offline (“O2O”) strategies to strengthen its competitiveness in today’s omni-channel retail environment.Media Enquiries:Chow Tai Fook Jewellery Group LimitedHaide NgAssociate Director, Investor Relations and Corporate CommunicationsTel: (852) 3115 4402Email: haideng@chowtaifook.comAcky ChanSenior Manager, Investor Relations and Corporate CommunicationsTel: (852) 3115 4403Email: ackychan@chowtaifook.com13/03/2025 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
Mar 13, 2025

SY Holdings Deploys DeepSeek AI, Pioneering Supply Chain Innovation
SY Holdings Group Limited ("SY Holdings", stock code: 06069.HK), a leading supply chain technology platform in China, officially announced that its "SY Cloud Platform" has integrated with the domestic open-source large model, DeepSeek. This marks a crucial step for SY Holdings in actively embracing AI technology and exploring innovative applications, as well as a significant effort in response to the national "AI+" development strategy.The Central Economic Work Conference emphasized the launch of "AI+" initiatives to nurture future industries. The SY Cloud Platform leverages system integration with over 10 large core enterprises, established digital ecosystem around more than 1.5 million potential suppliers, and connected to more than 160 funding partners. This has accumulated a wealth of industrial ecosystem data and innovative practical experience. After integrating the DeepSeek large model and through high quality data training, SY Holdings aims to enhance the efficiency of its AI capability. This not only provides more precise and efficient inclusive financial services to small and medium-sized enterprises (SMEs) but also explores areas such as intelligent supplier management, automated supply chain business processes, and intelligent decision support for inventory management, sales, and procurement. SY Holdings is dedicated to advancing intelligent supply chain solutions, collaborating with industry stakeholders to drive the sector's digital transformation and smart evolution.In today’s digital economy, artificial intelligence has become a linchpin for firms seeking to bolster core competitiveness. SY Holdings’ integration of the DeepSeek large language model reflects both strategic foresight and practical operational alignment, addressing real-world business imperatives. SY Cloud Platform‘s integration with DeepSeek’s capabilities enables the firm to transition from data aggregation to advanced intelligent decision systems, harnessing cutting-edge natural language processing (NLP), deep knowledge reasoning, and multimodal analytics. For example, DeepSeek’s NLP capabilities now supercharge contract audits and transaction stream analysis, reducing manual labor and mitigating operational risks. This will effectively address the challenges in data management and protracted approval cycles endemic to traditional financial frameworks, empowering SY Holdings to swiftly address small businesses’ urgent, high-frequency financing needs.The DeepSeek large model has demonstrated unique adaptability in supply chain finance fraud detection, aligning well with SY Holdings' risk control philosophy of "transaction-focused, entity-light." The SY Cloud Platform can quickly parse large volumes of unstructured data, including contracts, transaction documents, delivery videos, and public opinion information, and conduct in-depth mining and correlation analysis of these multi-dimensional data. This helps SY Holdings construct more comprehensive profiling for corporates and transactions, which enables more precise risk assessment. For example, during contract parsing, it can identify key clauses, legal risk points, and detect fraudulent contracts. Additionally, DeepSeek's fully open-source strategy allows SY Holdings to quickly complete local deployment while ensuring data security and compliance.SY Holdings has prioritized platform-driven and technology-centric growth. To date, the firm has invested a cumulative total of nearly RMB 300 million in R&D, with almost 30% of its workforce dedicated to research and development. The company holds 80 national patents and software copyrights, spanning big data, cloud computing, and artificial intelligence (AI) technologies. Driven by sustained innovation and integration into industrial digital ecosystems, platform technology service revenue now accounts for 40% of total revenue, with net profit expected to grow over 30% in 2024. The strategic adoption of AI large models is projected to further accelerate this revenue growth.SY Holdings stated, “The global AI-driven transformation is reshaping industries, and we are fully committed to embracing this new era. Having integrated the DeepSeek large model into operations, the company is now actively testing advanced models such as ChatGPT, Llama, Qwen, and Dovetail to identify their potential applications in industrial supply chain management. Looking ahead, SY Holdings will continue to increase R&D investment and proactively drive AI-driven innovations, aiming to solidify its leadership in ‘AI + industrial supply chain’ solutions.”13/03/2025 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
Mar 13, 2025

Unity Group Announces the Issuance of Carbon Emission Rights, Ongoing Projects Expected to Reduce 25 Million Tons of Carbon Dioxide Emissions
Sustainable development is a global goal. Energy conservation, emission reduction, and achieving zero emissions and carbon neutrality are important ways to reach this goal.Recently, Unity Group Holdings International Limited (1539.HK) hosted the International Carbon Emission Day Conference in Malaysia. At the event, Unity Group launched a structured carbon emission management plan and established a strategic partnership with Datuk Dr. Eric H'ng, a global expert in carbon emission standards and management."We gather here as a global community to address climate change and transition from global warming to global cooling," said Mansfield Wong, Chairman and CEO of Unity Group.Global Carbon Emission Initiative Achieves Major ProgressUnity Group, listed on the Hong Kong Stock Exchange in 2015, is an international ESG pioneer and leader in sustainable development. The group focuses on energy-saving solutions, renewable energy, ESG digitalization, and vertical indoor agriculture.In recent years, carbon emission rights have grown in importance. Based on total volume control and trading mechanisms, companies exceeding their allocated rights must purchase additional emission rights.This Conference gathered ESG practitioners from Malaysia, Australia, Chinese Mainland, Chinese Hong Kong, Indonesia, and Chinese Taiwan. This milestone event marks significant progress in global carbon emission collaboration.At the conference, Mansfield Wong outlined the company's phased sustainable development strategy to achieve net-zero carbon emissions by 2050.During the conference, Unity Group formally established a strategic partnership with Datuk Dr. Eric H'ng, who has been appointed as Unity Group's Chief Researcher.Unity Group also launched a carbon emission management plan to help companies offset emissions and fund global sustainable projects."Unity Group is the first company in the lighting industry to adopt carbon emission rights management globally," Datuk Dr. Eric H'ng stated at the meeting. The company achieves significant energy conservation and emission reduction by promoting highly efficient energy-saving lighting fixtures.Unity Group's ultra-high efficiency ESG lighting fixtures save 75% more energy than others on the market. It has also actively promoted these fixtures in Selangor, Malaysia.The project has been ongoing for two years and is now accelerating. The significant energy savings from these fixtures are laying the foundation for Unity Group to gain substantial carbon emission rights benefits.In recent years, global carbon emission rights trading volume has been increasing. With ongoing improvements in lighting energy efficiency, Unity Group is expected to generate significant income from carbon emission rights trading.At the meeting, Datuk Dr. Eric H'ng stated, "Malaysia ranks among Asia's highest in carbon emission pricing, with prices expected to double by 2030. Businesses must act now to offset emissions, and Unity Group is leading this trend."May Become the First Company Listed in Both China and MalaysiaUnity Group was listed on the Hong Kong Stock Exchange in 2015 and has achieved significant development with capital market support. In recent years, the company has steadily grown and increased its influence in ESG and sustainable development.Unity Group has been planning a secondary listing in Malaysia, as previously announced. On November 20, 2024, the company disclosed it is discussing this plan with an advisor for a listing on the Malaysian Stock Exchange.Unity Group's secondary listing in Malaysia is progressing steadily. Once completed, it will become the first company listed in both Hong Kong and Malaysia.Its listing in Malaysia will significantly boost its liquidity and attract more diverse investors, potentially enhancing the company's valuation. This will also provide greater trading convenience for Malaysian investors, better reflecting the company's overall value.In addition, Unity Group has long been active in the Malaysian market, including a three-year collaboration with the Selangor State Government on ESG initiatives. Its secondary listing in Malaysia will further grow the company.In fact, as early as August 2024, Group subsidiary Synergy ESCO (Malaysia), reached a strategic cooperation with Malaysia's largest financial institution.Unity Group has gained a financing limit of 50 million ringgit (about 90 million Hong Kong dollars) from Malaysia's largest bank to support its ESG-compliant energy efficiency projects nationwide. With continued market expansion in Malaysia and progress on its secondary listing, the company is poised for faster growth.12/03/2025 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
Mar 12, 2025

Acquisition of Tokhtar gold property in Kazakhstan
EQS Newswire / 11/03/2025 / 09:40 MSKSolidcore Resources plc (“Solidcore” or the “Company”) is pleased to announce that it has entered into a binding agreement to acquire 100% interest in the Tokhtar gold property (the “Project”) in northern Kazakhstan.“Tokhtar is a bolt-on acquisition that unlocks substantial synergies given its close proximity to Varvara hub. The transaction structure offers a highly attractive base price while ensuring a balanced distribution of additional value from exploration between the parties”, said Vitaly Nesis, CEO of Solidcore Resources plc.HIGHLIGHTSThe Tokhtar property is located in the Kostanay region, North Kazakhstan, approximately 180 km southwest from the Company’s Varvara hub. The Project comprises Tokhtar and South-Tokthar deposits as well as the Barambay prospect area. According to the latest available estimates, JORC-compliant Mineral Resources for Tokhtar and South-Tokthar stood at 1.1 Moz of gold. Under the agreement, Solidcore will initially acquire a 51% interest in the Project for the total cash consideration of approximately US$ 25 million. An additional 23% will be acquired following the KazRC-compliant reserve estimate for the Tokhtar and the South Tokhtar areas at a price based on the estimate results, with the remaining 26% to be acquired following the KazRC-compliant reserve estimate for the Barambay area at a price based on the estimate results. In addition, the sellers will receive a deferred variable consideration linked to the future metal processing volumes. Completion of each stage of the transaction will be subject to obtaining the required regulatory approvals, with the acquisition of the initial 51% interest expected to be completed in Q3 2025. During the next 12 months, Solidcore will be preparing the project documentation to start exploration work and Ore Reserve estimation. The Company expects to complete the estimate for Tokhtar and South Tokhtar by the end of 2027 and for Barambay area by the end of 2028. The deposit can be developed as a combination of open-pit and underground mines. The ore will be processed at the Company’s Varvara flotation plant followed by concentrate treatment at Ertis POX. STRATEGIC RATIONALEThe Project is in line with Solidcore’s stated strategy as it will provide:Substantial resource addition and extended mine life for the Varvara hub; Rapid, low-CAPEX development using conventional processing at the Varvara plant; Leveraging the Company’s processing expertise and providing additional feed source for Ertis POX.ABOUT THE PROPERTYThe Tokhtar mining licence area covers 7.5 km2 and is located in the Kostanay region, 40 km away from the administrative centre, Jitiqara (population of approx. 35,000). The property is accessible by paved roads (Kamysty-Jitiqara highway) and via the railway to Varvara hub, 180 km away. Currently, the licence site has access to the electrical grid. Initial greenfield exploration activities and assessment activities were conducted between 1972 and 1996, followed by the state approval of reserve estimates in 1991 for the Tokhtar deposit and 2010 for the South-Tokhtar deposit. Mining operations of the oxidised ore took place from 1991 to 1995 and from 2006 to 2008 at the Tokhtar deposit, and from 2017 to 2023 at the South-Tokhtar deposit. A JORC-compliant Mineral Resource estimate for the Tokhtar deposit was completed in 2023 by SRK and comprised of 209 Koz of gold at a grade of 3.5 g/t. A JORC-compliant Mineral Resource estimate for the South Tokhtar deposit was completed in 2019 by SRK and comprised of 886 Koz of gold at a grade of 2.1 g/t. A JORC-compliant estimate for Barambay area was not conducted. Enquiries Investor Relations Media Kirill Kuznetsov Alina Assanova +7 7172 47 66 55 (Kazakhstan) ir@solidcore-resources.com Yerkin Uderbay +7 7172 47 66 55 (Kazakhstan) media@solidcore-resources.kz FORWARD-LOOKING STATEMENTSThis release may include statements that are, or may be deemed to be, “forward-looking statements”. These forward-looking statements speak only as at the date of this release. These forward-looking statements can be identified by the use of forward-looking terminology, including the words “targets”, “believes”, “expects”, “aims”, “intends”, “will”, “may”, “anticipates”, “would”, “could” or “should” or similar expressions or, in each case their negative or other variations or by discussion of strategies, plans, objectives, goals, future events or intentions. These forward-looking statements all include matters that are not historical facts. By their nature, such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond the company’s control that could cause the actual results, performance or achievements of the company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding the company’s present and future business strategies and the environment in which the company will operate in the future. Forward-looking statements are not guarantees of future performance. There are many factors that could cause the company’s actual results, performance or achievements to differ materially from those expressed in such forward-looking statements. The company expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained herein to reflect any change in the company’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based.[1] Kazakhstan Public Reporting Code for Exploration Results, Mineral Resources and Mineral Reserves. The KAZRC Code is developed in accordance with the general criteria adopted by the global mining community using the International Reporting Template (2019 version) of the CRIRSCO.11/03/2025 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
Mar 11, 2025

Acquisition of Tokhtar gold property in Kazakhstan
EQS Newswire / 11/03/2025 / 09:40 MSKSolidcore Resources plc (“Solidcore” or the “Company”) is pleased to announce that it has entered into a binding agreement to acquire 100% interest in the Tokhtar gold property (the “Project”) in northern Kazakhstan.“Tokhtar is a bolt-on acquisition that unlocks substantial synergies given its close proximity to Varvara hub. The transaction structure offers a highly attractive base price while ensuring a balanced distribution of additional value from exploration between the parties”, said Vitaly Nesis, CEO of Solidcore Resources plc.HIGHLIGHTSThe Tokhtar property is located in the Kostanay region, North Kazakhstan, approximately 180 km southwest from the Company’s Varvara hub. The Project comprises Tokhtar and South-Tokthar deposits as well as the Barambay prospect area. According to the latest available estimates, JORC-compliant Mineral Resources for Tokhtar and South-Tokthar stood at 1.1 Moz of gold. Under the agreement, Solidcore will initially acquire a 51% interest in the Project for the total cash consideration of approximately US$ 25 million. An additional 23% will be acquired following the KazRC-compliant reserve estimate for the Tokhtar and the South Tokhtar areas at a price based on the estimate results, with the remaining 26% to be acquired following the KazRC-compliant reserve estimate for the Barambay area at a price based on the estimate results. In addition, the sellers will receive a deferred variable consideration linked to the future metal processing volumes. Completion of each stage of the transaction will be subject to obtaining the required regulatory approvals, with the acquisition of the initial 51% interest expected to be completed in Q3 2025. During the next 12 months, Solidcore will be preparing the project documentation to start exploration work and Ore Reserve estimation. The Company expects to complete the estimate for Tokhtar and South Tokhtar by the end of 2027 and for Barambay area by the end of 2028. The deposit can be developed as a combination of open-pit and underground mines. The ore will be processed at the Company’s Varvara flotation plant followed by concentrate treatment at Ertis POX. STRATEGIC RATIONALEThe Project is in line with Solidcore’s stated strategy as it will provide:Substantial resource addition and extended mine life for the Varvara hub; Rapid, low-CAPEX development using conventional processing at the Varvara plant; Leveraging the Company’s processing expertise and providing additional feed source for Ertis POX.ABOUT THE PROPERTYThe Tokhtar mining licence area covers 7.5 km2 and is located in the Kostanay region, 40 km away from the administrative centre, Jitiqara (population of approx. 35,000). The property is accessible by paved roads (Kamysty-Jitiqara highway) and via the railway to Varvara hub, 180 km away. Currently, the licence site has access to the electrical grid. Initial greenfield exploration activities and assessment activities were conducted between 1972 and 1996, followed by the state approval of reserve estimates in 1991 for the Tokhtar deposit and 2010 for the South-Tokhtar deposit. Mining operations of the oxidised ore took place from 1991 to 1995 and from 2006 to 2008 at the Tokhtar deposit, and from 2017 to 2023 at the South-Tokhtar deposit. A JORC-compliant Mineral Resource estimate for the Tokhtar deposit was completed in 2023 by SRK and comprised of 209 Koz of gold at a grade of 3.5 g/t. A JORC-compliant Mineral Resource estimate for the South Tokhtar deposit was completed in 2019 by SRK and comprised of 886 Koz of gold at a grade of 2.1 g/t. A JORC-compliant estimate for Barambay area was not conducted. Enquiries Investor Relations Media Kirill Kuznetsov Alina Assanova +7 7172 47 66 55 (Kazakhstan) ir@solidcore-resources.com Yerkin Uderbay +7 7172 47 66 55 (Kazakhstan) media@solidcore-resources.kz FORWARD-LOOKING STATEMENTSThis release may include statements that are, or may be deemed to be, “forward-looking statements”. These forward-looking statements speak only as at the date of this release. These forward-looking statements can be identified by the use of forward-looking terminology, including the words “targets”, “believes”, “expects”, “aims”, “intends”, “will”, “may”, “anticipates”, “would”, “could” or “should” or similar expressions or, in each case their negative or other variations or by discussion of strategies, plans, objectives, goals, future events or intentions. These forward-looking statements all include matters that are not historical facts. By their nature, such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond the company’s control that could cause the actual results, performance or achievements of the company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding the company’s present and future business strategies and the environment in which the company will operate in the future. Forward-looking statements are not guarantees of future performance. There are many factors that could cause the company’s actual results, performance or achievements to differ materially from those expressed in such forward-looking statements. The company expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained herein to reflect any change in the company’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based.[1] Kazakhstan Public Reporting Code for Exploration Results, Mineral Resources and Mineral Reserves. The KAZRC Code is developed in accordance with the general criteria adopted by the global mining community using the International Reporting Template (2019 version) of the CRIRSCO.11/03/2025 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
Mar 11, 2025

Huitongda Network (9878.HK) - The Winner of “Annual ESG Enterprise” Award
【For immediate release】6 March 2025Huitongda Network Co., Ltd.(Stock Code: 9878.HK)* * *Huitongda Network the Winner of “Annual ESG Enterprise” AwardCreate a Better Life for Rural Population by Improving Lower-tier Market Flow and Digital Capabilities(6 March 2025, Hong Kong) Huitongda Network Co., Ltd (9878.HK), an industrial network company focusing on serving retail customers in China's lower-tier markets, is pleased to announce that it has received the “Annual ESG Enterprise” award from the 2025 Global Finance and ESG Sustainable Development Summit - Victoria Harbour Overseas Excellence Award, in recognition of its outstanding performance in expediting the digital upgrade of the rural economy, enhancing the effectiveness of retail outlets in lower tier cities, as well as its role in facilitating the goods flow of agricultural products from villages to cities. The event was co-hosted by the Greaterbay Financier Association and CCS Green Finance International Limited, with the full support of InvestHK, the Hong Kong Special Administrative Region (HKSAR) Government Department responsible for Foreign Direct Investment. The event is committed to promoting sustainable development by bringing together industry elites to share cutting-edge initiatives and the latest industry insights. To commend the outstanding contributions of enterprises in investment, innovation and sustainable development, the co-organizers also held an award ceremony, celebrating corporate excellence. Professionals including well-known chief economists at home and abroad, representatives of Chinese and foreign financial institutions, and other experts form part of the panel, selecting the winning enterprises by vote.Huitongda Network has always upheld its corporate mission to create a better life for rural population. Taking full advantage of its rich data assets, Huitongda is committed to leveraging its supply chain capabilities and digital technology to help rural family-run retail stores solve their pain points such as weak supply chain capabilities, poor digital capabilities, lack of effective marketing solutions, and few customer acquisition channels. On one hand, Huitongda Network's one-stop SaaS+AI solutions enable approximately 130,000 rural, family-operated retail stores across China to achieve fully digital management encompassing aspects including but not limited to inventory, membership, marketing, and customer service; at the same time, they can also greatly improve store-level operational and marketing efficiency with the help of its data sharing and analytical functions. In addition, supported by its comprehensive online platform, Huitongda Network has also established an effective outlet for agricultural products for rural family-run retails stores, boosting income level of farmer families and bringing further growth impetus to the rural economy. In the future, the Group will continue to strengthen its core advantage of “supply chain + technology + services”, further enhancing its SaaS+AI platform and digital capabilities to create greater value for family-run retail stores and the overall lower-tier market economy.- End -About Huitongda Network Co., Ltd.Huitongda Network (9878.HK) is a leading commerce and service platform dedicated to serving business customers in China’s retail market. Supported by its established e-commerce platform and SaaS solutions, expansive brands and wholesaler network, strong fulfilment and logistics capability, and localized servicing team, the Group is able to provide one-stop product and operation solutions for family-run retail stores in China, creating a unique digital ecosystem and business opportunities in China’s suburban and rural areas. As of June 30, 2024, Huitongda has established a retail ecosystem covering 21 provinces and municipalities, with more than 25,000 villages and towns and more than 246,000 member stores in China. The Company was listed on the main board of the Stock Exchange of Hong Kong (SEHK) on February 18, 2022.File: Press Release_Huitongda Network the Winner of “Annual ESG Enterprise” Award_EN07/03/2025 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
Mar 7, 2025

Huitongda Network (9878.HK) - The Winner of “Annual ESG Enterprise” Award
【For immediate release】6 March 2025Huitongda Network Co., Ltd.(Stock Code: 9878.HK)* * *Huitongda Network the Winner of “Annual ESG Enterprise” AwardCreate a Better Life for Rural Population by Improving Lower-tier Market Flow and Digital Capabilities(6 March 2025, Hong Kong) Huitongda Network Co., Ltd (9878.HK), an industrial network company focusing on serving retail customers in China's lower-tier markets, is pleased to announce that it has received the “Annual ESG Enterprise” award from the 2025 Global Finance and ESG Sustainable Development Summit - Victoria Harbour Overseas Excellence Award, in recognition of its outstanding performance in expediting the digital upgrade of the rural economy, enhancing the effectiveness of retail outlets in lower tier cities, as well as its role in facilitating the goods flow of agricultural products from villages to cities. The event was co-hosted by the Greaterbay Financier Association and CCS Green Finance International Limited, with the full support of InvestHK, the Hong Kong Special Administrative Region (HKSAR) Government Department responsible for Foreign Direct Investment. The event is committed to promoting sustainable development by bringing together industry elites to share cutting-edge initiatives and the latest industry insights. To commend the outstanding contributions of enterprises in investment, innovation and sustainable development, the co-organizers also held an award ceremony, celebrating corporate excellence. Professionals including well-known chief economists at home and abroad, representatives of Chinese and foreign financial institutions, and other experts form part of the panel, selecting the winning enterprises by vote.Huitongda Network has always upheld its corporate mission to create a better life for rural population. Taking full advantage of its rich data assets, Huitongda is committed to leveraging its supply chain capabilities and digital technology to help rural family-run retail stores solve their pain points such as weak supply chain capabilities, poor digital capabilities, lack of effective marketing solutions, and few customer acquisition channels. On one hand, Huitongda Network's one-stop SaaS+AI solutions enable approximately 130,000 rural, family-operated retail stores across China to achieve fully digital management encompassing aspects including but not limited to inventory, membership, marketing, and customer service; at the same time, they can also greatly improve store-level operational and marketing efficiency with the help of its data sharing and analytical functions. In addition, supported by its comprehensive online platform, Huitongda Network has also established an effective outlet for agricultural products for rural family-run retails stores, boosting income level of farmer families and bringing further growth impetus to the rural economy. In the future, the Group will continue to strengthen its core advantage of “supply chain + technology + services”, further enhancing its SaaS+AI platform and digital capabilities to create greater value for family-run retail stores and the overall lower-tier market economy.- End -About Huitongda Network Co., Ltd.Huitongda Network (9878.HK) is a leading commerce and service platform dedicated to serving business customers in China’s retail market. Supported by its established e-commerce platform and SaaS solutions, expansive brands and wholesaler network, strong fulfilment and logistics capability, and localized servicing team, the Group is able to provide one-stop product and operation solutions for family-run retail stores in China, creating a unique digital ecosystem and business opportunities in China’s suburban and rural areas. As of June 30, 2024, Huitongda has established a retail ecosystem covering 21 provinces and municipalities, with more than 25,000 villages and towns and more than 246,000 member stores in China. The Company was listed on the main board of the Stock Exchange of Hong Kong (SEHK) on February 18, 2022.File: Press Release_Huitongda Network the Winner of “Annual ESG Enterprise” Award_EN07/03/2025 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
Mar 7, 2025

HUAWEI’s Latest Products Now Available in Macao, with mCoin Under MACAU Pass Group Offering Exclusive Discounts as First-Sale Partner
(March 7, 2025, Macao) – HUAWEI’s latest devices, including the HUAWEI Mate XT | ULTIMATE DESIGN, HUAWEI MatePad Pro 13.2”, and HUAWEI Band 10, are now officially on sale in Hong Kong and Macao. As part of the strategic partnership, MACAU Pass Group’s discount and promotion platform, mCoin, has been chosen as one of the official first-sale platforms in Macao. This collaboration strengthens the partnership between HUAWEI and MACAU Pass Group, offering users a more convenient and rewarding shopping experience.As a widely-used rewards platform with over 10,000 partnered merchants, mCoin is offering exclusive deals for HUAWEI’s new products released. These include mCoin redemptions for new devices or cash discounts, a MOP 1,000 subsidy on the limited HUAWEI Mate XT | ULTIMATE DESIGN, up to 10,000 mCoins, and exclusive gifts.Dickson Yang, Director of HUAWEI Device Business Hong Kong, stated, "As Macao's leading technology company, MACAU Pass Group has established MPay not only as a widely used regional payment platform, but also as a super app offering a comprehensive suite of services that serves as a gateway to digital commerce in Macao. This partnership further expands our consumer channels and enhance user experience through its strong payment ecosystem, extensive user base, and diverse digital scenarios. It also sets the stage for future product innovations to be released in Hong Kong and Macao, driving greater growth and breakthroughs in the region."Sun Ho, Director and CEO of MACAU Pass Group Holdings Limited, said, "As a global tech leader, HUAWEI continues to drive innovation in smart devices, and its world's first tri-fold smartphone, the HUAWEI Mate XT | ULTIMATE DESIGN, drawing significant attention. We are honored to be the official first-sale platform for HUAWEI’s latest products in Macao. In celebration of MACAU Pass’s 20th anniversary, this collaboration not only explores new possibilities in product distribution, digital marketing, and integrated experiences but also provides an opportunity to give back to our users. Through mCoin, we are partnering with HUAWEI to offer exclusive deals and benefits, allowing users to enjoy the latest in cutting-edge technology and consumer rewards."In February, HUAWEI announced a strategic partnership with MACAU Pass Group, expanding collaboration across products, technology, channels, and ecosystem development to drive Macao’s digital economy and smart city initiatives. Previously, MPay became one of the first international e-wallets supporting the HUAWEI watch. Moving forward, the two companies will deepen collaboration in areas such as wearable device payments and the HarmonyOS ecosystem, delivering a smarter living experience with enhanced versatility and user convenience.-End-07/03/2025 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
Mar 7, 2025

Newborn Town Inc. (SEHK: 9911) Issues Positive Profit Alert for FY2024: Total Revenue Estimated to Exceed RMB 5 Billion, with Adjusted EBITDA Approaching RMB 1,000 Million
Newborn Town Inc. (SEHK: 9911) Issues Positive Profit Alert for FY2024: Total Revenue Estimated to Exceed RMB 5 Billion, with Adjusted EBITDA Approaching RMB 1,000 MillionOn March 4th, Newborn Town released a positive profit alert for the year ended December 31st, 2024. Fueled by the rapid advancements in AI-powered social apps, the company experienced explosive revenue growth and a significant increase in profit.For the year ended December 31st, 2024, Newborn Town's total revenue is estimated to be between RMB 5,000 million and RMB 5,200 million, reflecting a year-over-year growth of approximately 51.1% to 57.2%. Net profit is estimated to range from RMB 770 million to RMB 810 million. Adjusted EBITDA is projected to be between RMB 950 million and RMB 990 million, showing a year-over-year increase of 40.7% to 46.7%.The 'Bush-like' Portfolio of Social Apps Thrives under AI-driven StrategyIn recent years, Newborn Town has focused on the pan-audience social networking business. By deeply integrating into local markets and driving product innovation, the company has built a thriving 'bush-like' portfolio of social apps, including MICO, YoHo, TopTop, and SUGO.In 2024, Newborn Town’s pan-audience social networking business continued to grow at a rapid pace. While existing products made a steady contribution to revenue and profits, newly launched apps also saw significant growth.Notably, SUGO’s total revenue surged by over 200% year-over-year, becoming Newborn Town’s top-performing social app in terms of monthly recharge revenue. It consistently ranked among the top social app revenue charts in several countries, including Saudi Arabia, Turkey, and the UAE. Additionally, the game-oriented social app TopTop also demonstrated strong growth, with revenue increasing by over 100% year-over-year.The integration of AI technology in business scenarios has been gradually deepened, leading to enhanced efficiency across research and development, operations, marketing, and advertising. The ongoing evolution of Boomiix model, the self-developed multi-modal AI engine, has enhanced the social connectivity of products and increased users' willingness to pay. For example, by the end of 2024, SUGO experienced a more than 20% increase in ARPU (Average Revenue Per User) compared to the beginning of the year, driven by this AI engine, marking a significant optimization in its commercialization efficiency.The company's 'Bush-like' social product portfolio is experiencing a thriving trend across global markets. Remarkably, the driving effects of its AI initiatives have begun to emerge. With the growth model of "social app portfolio + AI engine" being verified, Newborn Town is expected to continue expanding its technology-driven impact and uncover greater value in the global social landscape.Localization Advantages Strengthened as Presence Expands in MENAAs one of the frontrunners in establishing a presence within the MENA social entertainment landscape, Newborn Town has spent nearly a decade developing strong localization advantages and securing a solid foothold in the region. In 2024, the company continued to capitalize on growth opportunities in MENA while steadily expanding its global footprint.According to a report by Mordor Intelligence, MENA's media and entertainment market is expected to continue growing, with an estimated value of USD 66.99 billion by 2029. In line with this trend, this region has become a fertile ground for Newborn Town to cultivate blockbuster products, with several apps ranking among the top local downloads. Through multiple-themed market events and ongoing product and service updates, Newborn Town has further solidified its localization advantages. In the second half of 2024, the company was granted the Regional Headquarters License by Saudi Arabia's Ministry of Investment (MISA), becoming the first global social entertainment company to establish a regional headquarters in the country. This milestone marks a significant step for Newborn Town in strengthening its localization efforts.Meanwhile, Newborn Town has actively sought additional growth opportunities in other strategic markets, including Southeast Asia, Japan, South Korea, and North America. The company's diverse social business, with a focus on connecting LGBTQ+ individuals, continues to expand internationally, with its core product HeeSay (also known as the LGBTQ+ online community) solidifying its leadership in Southeast Asia.HeeSay has consistently enhanced its social features and strengthened its community focus, boosting brand awareness and fostering a sense of identity among users through a series of global offline events.Quality Games Start Turning a Profit as They Enter the Payback PhaseWhile executing its core social strategy, Newborn Town also invested in innovative business segments, including quality games and social e-commerce, creating a clear 'second growth curve' within its gaming division.The company's self-developed quality games, published through external teams, have generated approximately RMB 705 million in recharge revenue, marking an 80.4% increase compared to 2023.The year 2024 also marked a turning point of profitability for Newborn Town's quality games, as they began contributing to the company's revenue growth for the first time.Fueled by the ongoing integration of AI technology across its business operations, Newborn Town has continued to make strides in the quality games sector. Among its standout titles, Alice's Dream: Merge Games had performed exceptionally well, consistently ranking among top-performing games as evaluated by leading data analytics organizations. Driven by its diverse app portfolio and AI-powered strategy, Newborn Town has significantly boosted its global competitiveness over the past few years. The company has forged a high-quality business model synergized by product innovation, localized operation and growth beyond its original 'operation-focused' approach. This transformation has led to comprehensive advancements in its user base, revenue scale, and overall growth quality.In February 2025, the company was added to the MSCI World Small Cap Index, following its inclusion in the FTSE Global Small Cap Index (FTSE) and the FTSE All-Cap Index (LMS) last September.Newborn Town has demonstrated its firm confidence in future growth through concrete actions. In 2024, the company repurchased approximately 43 million shares, totaling over HKD 140 million. Looking ahead, Newborn Town will continue to implement its strategy for cultivating the application 'bush' worldwide, strengthen AI integration and leverage its diverse product lineup to capture new niches within the global social entertainment market, creating more positive emotional values for users.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.com04/03/2025 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
Mar 4, 2025

Ficus Technology Holdings Limited (8107.HK) Entered into A Subscription Agreement to Access up to US$100.0 million for Business Development Purposes
Ficus Technology Holdings Limited (8107.HK) Entered into A Subscription Agreement To Access up to US$100.0 million for Business Development Purposes(Hong Kong – 3 March 2025) Innovative supply chain management service provider – Ficus Technology Holdings Limited (“Ficus Technology” or the “Company”, together with its subsidiaries, the “Group”) is pleased to announce that on 3 March 2025, the Company entered into a subscription agreement (the “Subscription Agreement”) with Arena Business Solutions Global SPC II, Ltd, (the “Investor”), for a commitment amount of up to US$100.0 million. Subscription AgreementAt any time during the Subscription Agreement, the Company may, subject to certain conditions, require the Investor to subscribe for Shares by delivering an Advance Notice. The amount specified in each notice will be determined by the Company and will not exceed the lesser of: i) US$5.0 million, or ii) the amount equal to 40% of the average daily value traded of the Shares on the 10 trading days preceding an Advance Notice. The subscription price will be equal to not less than 80% of the higher of:the closing sale price of the Shares on the date of the Settlement Document; and the average closing sale price of the Shares in the 5 trading days immediately prior to the earlier of:the date of announcement in respect of the Advance; the date of the Settlement Document; and the date on which the subscription price is fixed.Use of ProceedsThe net proceeds from the subscription agreement will be used to:Strengthen the Group’s sales of innovative anti-counterfeit, traceability, and marketing products and related ancillaries, and the provision of supply chain management solutions; Enhance Ficus Discovery, the e-commerce platform operated by the Group by expanding its sales channels, and strengthening its functions including online showcasing, online transactions and product delivery; and Strengthen the Group’s working capital.Commitment Fee SharesIn consideration for the Investor’s execution and delivery of the Subscription Agreement, the Company shall issue the Commitment Fee Shares to the Investor, with an aggregate dollar value equal to US$2.0 million under a specific mandate by way of an ordinary resolution. The resolution will be proposed for passing by the independent shareholders of the Company at the EGM in accordance with the GEM Listing Rule.The Commitment Fee Shares Price of HK$0.60 per Commitment Fee Shares represents:a discount of approximately 1.64% to the closing price of HK$0.61 per Share as quoted on the Stock Exchange on 3 March 2025, being the date of the Subscription Agreement; a premium of approximately 3.09% to the average of the closing price of HK$0.582 per Share as quoted on the Stock Exchange for the last five consecutive trading days immediately prior to the date of the Subscription Agreement; and a premium of approximately 3.81% over the average of the closing price of HK$0.578 per Share as quoted on the Stock Exchange for the last ten consecutive trading days immediately prior to the date of the Subscription Agreement.About the InvestorArena Business Solutions Global SPC II, Ltd., an affiliate of Arena Investors, LP, is a subsidiary of Arena Investor Group Holdings, LLC ("Arena"). Arena is an institutional asset manager founded in partnership with The Westaim Corporation (TSXV: WED). With approximately $3.5 billion of invested and committed assets under management as of December 31, 2024, and a team of over 180 employees in offices globally, Arena provides creative solutions for those seeking capital across all corporate, real estate, and structured finance investment areas, at all levels of the capital structure, and in all developed markets, alongside operational capabilities to manage and improve businesses. The firm brings individuals with decades of experience, a track record of comfort with complexity, the ability to deliver within time constraints, and the flexibility to engage in transactions and business operations that cannot be addressed by banks and other conventional financial institutions. See www.arenaco.com for more information. About Ficus DiscoveryFicus Discovery is a comprehensive electronic commerce platform operated by the Group that offers distinctive properties including anti-counterfeit, traceability and marketing functions, which are able to boost customer confidence and reinforce the authenticity of the products. Along with its valuable connections with a number of lottery kiosks and local community service centres, the platform is well-positioned to be a trustworthy gateway for brands and manufacturers to access target customers.Mr. Chan Ting, Chairman and Executive Director of Ficus Technology Holdings Limited commented: “We are pleased to announce our Subscription Agreement with the Investor, securing up to US$100 million in funding to support our business development. As we receive funding from one of our substantial shareholders through subscription, this not only reflects their ultimate confidence in our management capabilities, but also highlight their shared vision for innovative supply chain management solutions as well as the potentials of Ficus Discovery. In addition, the subscription arrangement also offers significant flexibility, allowing the Company to request advances as needed, rather than drawing down the entire facility at once. By opting to pay the commitment fee in the form of Commitment Fee Shares instead of cash, the Company can also retain its cash for other operational needs or investment opportunities.”“As we secured such substantial funding, we will strive to enhance our anti-counterfeit, traceability, and marketing capabilities across a broader range of products. It also allows us to add new features and increase the adoption of our Ficus Discovery platform. We believe these initiatives will strengthen our role in the supply chain, attract more offline outlets and users to adopt our solutions, and in turn, establish a solid foundation for future financial success.”About Ficus Technology Holdings Limited(8107.HK)Ficus Technology Holdings Limited is an innovative supply chain management service provider, mainly focusing on the sales of apparel and related products along with the provision of relevant supply chain management services. The Group’s advanced supply chain management services include anti-counterfeit, traceability, and marketing functions, capable of protecting brand equity for both apparel andotherproducts. This press release is issued by DLK Advisory Limited on behalf of Ficus Technology Holdings Limited.File: 8107_ELOC_Press_Release_EN_2025030404/03/2025 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
Mar 4, 2025

Ficus Technology Holdings Limited (8107.HK) Entered into A Subscription Agreement to Access up to US$100.0 million for Business Development Purposes
Ficus Technology Holdings Limited (8107.HK) Entered into A Subscription Agreement To Access up to US$100.0 million for Business Development Purposes(Hong Kong – 3 March 2025) Innovative supply chain management service provider – Ficus Technology Holdings Limited (“Ficus Technology” or the “Company”, together with its subsidiaries, the “Group”) is pleased to announce that on 3 March 2025, the Company entered into a subscription agreement (the “Subscription Agreement”) with Arena Business Solutions Global SPC II, Ltd, (the “Investor”), for a commitment amount of up to US$100.0 million. Subscription AgreementAt any time during the Subscription Agreement, the Company may, subject to certain conditions, require the Investor to subscribe for Shares by delivering an Advance Notice. The amount specified in each notice will be determined by the Company and will not exceed the lesser of: i) US$5.0 million, or ii) the amount equal to 40% of the average daily value traded of the Shares on the 10 trading days preceding an Advance Notice. The subscription price will be equal to not less than 80% of the higher of:the closing sale price of the Shares on the date of the Settlement Document; and the average closing sale price of the Shares in the 5 trading days immediately prior to the earlier of:the date of announcement in respect of the Advance; the date of the Settlement Document; and the date on which the subscription price is fixed.Use of ProceedsThe net proceeds from the subscription agreement will be used to:Strengthen the Group’s sales of innovative anti-counterfeit, traceability, and marketing products and related ancillaries, and the provision of supply chain management solutions; Enhance Ficus Discovery, the e-commerce platform operated by the Group by expanding its sales channels, and strengthening its functions including online showcasing, online transactions and product delivery; and Strengthen the Group’s working capital.Commitment Fee SharesIn consideration for the Investor’s execution and delivery of the Subscription Agreement, the Company shall issue the Commitment Fee Shares to the Investor, with an aggregate dollar value equal to US$2.0 million under a specific mandate by way of an ordinary resolution. The resolution will be proposed for passing by the independent shareholders of the Company at the EGM in accordance with the GEM Listing Rule.The Commitment Fee Shares Price of HK$0.60 per Commitment Fee Shares represents:a discount of approximately 1.64% to the closing price of HK$0.61 per Share as quoted on the Stock Exchange on 3 March 2025, being the date of the Subscription Agreement; a premium of approximately 3.09% to the average of the closing price of HK$0.582 per Share as quoted on the Stock Exchange for the last five consecutive trading days immediately prior to the date of the Subscription Agreement; and a premium of approximately 3.81% over the average of the closing price of HK$0.578 per Share as quoted on the Stock Exchange for the last ten consecutive trading days immediately prior to the date of the Subscription Agreement.About the InvestorArena Business Solutions Global SPC II, Ltd., an affiliate of Arena Investors, LP, is a subsidiary of Arena Investor Group Holdings, LLC ("Arena"). Arena is an institutional asset manager founded in partnership with The Westaim Corporation (TSXV: WED). With approximately $3.5 billion of invested and committed assets under management as of December 31, 2024, and a team of over 180 employees in offices globally, Arena provides creative solutions for those seeking capital across all corporate, real estate, and structured finance investment areas, at all levels of the capital structure, and in all developed markets, alongside operational capabilities to manage and improve businesses. The firm brings individuals with decades of experience, a track record of comfort with complexity, the ability to deliver within time constraints, and the flexibility to engage in transactions and business operations that cannot be addressed by banks and other conventional financial institutions. See www.arenaco.com for more information. About Ficus DiscoveryFicus Discovery is a comprehensive electronic commerce platform operated by the Group that offers distinctive properties including anti-counterfeit, traceability and marketing functions, which are able to boost customer confidence and reinforce the authenticity of the products. Along with its valuable connections with a number of lottery kiosks and local community service centres, the platform is well-positioned to be a trustworthy gateway for brands and manufacturers to access target customers.Mr. Chan Ting, Chairman and Executive Director of Ficus Technology Holdings Limited commented: “We are pleased to announce our Subscription Agreement with the Investor, securing up to US$100 million in funding to support our business development. As we receive funding from one of our substantial shareholders through subscription, this not only reflects their ultimate confidence in our management capabilities, but also highlight their shared vision for innovative supply chain management solutions as well as the potentials of Ficus Discovery. In addition, the subscription arrangement also offers significant flexibility, allowing the Company to request advances as needed, rather than drawing down the entire facility at once. By opting to pay the commitment fee in the form of Commitment Fee Shares instead of cash, the Company can also retain its cash for other operational needs or investment opportunities.”“As we secured such substantial funding, we will strive to enhance our anti-counterfeit, traceability, and marketing capabilities across a broader range of products. It also allows us to add new features and increase the adoption of our Ficus Discovery platform. We believe these initiatives will strengthen our role in the supply chain, attract more offline outlets and users to adopt our solutions, and in turn, establish a solid foundation for future financial success.”About Ficus Technology Holdings Limited(8107.HK)Ficus Technology Holdings Limited is an innovative supply chain management service provider, mainly focusing on the sales of apparel and related products along with the provision of relevant supply chain management services. The Group’s advanced supply chain management services include anti-counterfeit, traceability, and marketing functions, capable of protecting brand equity for both apparel andotherproducts. This press release is issued by DLK Advisory Limited on behalf of Ficus Technology Holdings Limited.File: 8107_ELOC_Press_Release_EN_2025030404/03/2025 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
Mar 4, 2025


