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Entered into a Strategic Cooperation Agreement with XPeng Charging Enhance Network Coverage, Utilization and Loyalty across APAC

【Immediate Release】 28 April 2026Cornerstone Technologies Holdings Limited(Stock Code: 8391.HK)Entered into a Strategic Cooperation Agreement with XPeng ChargingEnhance Network Coverage, Utilization and Loyalty across APAC(Hong Kong – 28 April 2026) A leading electric vehicle charging solutions provider – Cornerstone Technologies Holdings Limited (“Cornerstone” or the “Company”, stock code: 8391.HK, together with its subsidiaries, collectively the “Group”) is pleased to announce that its wholly-owned subsidiary, Cornerstone EV Charging Service Limited, along with its associate company, Spark EV Company Limited (“Spark”), have entered into a strategic cooperation agreement with XPeng Charging (Hong Kong) Limited (“XPeng”). Based on the agreement, the parties aim to jointly develop and promote its electric vehicle (“EV”) charging ecosystem across the Asia-Pacific (“APAC”) region.A key element of this collaboration is XPeng co-investing with the Group and Spark in the APAC region to develop electric vehicle (“EV”) charging stations, while entrusting the management and operations of the stations to the Group and Spark. Leveraging the technical expertise of the Group, the broad customer base of XPeng, and the regional presence of Spark, the parties intend to accelerate the rollout of EV infrastructure to capture the growing charging demand in the region, further establishing itself as a leading player in the APAC market. XPeng is a subsidiary of XPeng Inc., a leading Chinese smart electric vehicle company that designs, develops, manufactures, and markets smart EVs. In addition to network expansion, the Group also intends to offer charging credits and other preferential services to XPeng users, which are designed to improve overall user experience, foster long-term loyalty, and drive network utilization. Mr. Yip Shiu Hong, Chief Executive Officer and Executive Director of Cornerstone Technologies, said, “This partnership represents a strong vote of confidence from XPeng and serves as a clear recognition of the respective strengths, market expertise, and execution capabilities of the Group and Spark in the APAC region positioning both as trusted partners in XPeng's ongoing regional expansion. The cooperation with Spark and XPeng will allow us to further accelerate our penetration into the APAC market. While Spark has already established a solid foothold in Thailand, the addition of XPeng should bring extensive technical know-how and its loyal user base to our ecosystem, laying a solid foundation for network expansion and improved utilization. Together, we are committed to lowering the total cost of EV ownership and driving faster adoption of electric mobility across APAC, positioning ourselves as a key player in the evolving EV ecosystem, and creating sustainable value for our users and shareholders.”Xpeng & Cornerstone Technologies & Spark APAC Strategic Partnership Signing Ceremony-End-About Cornerstone TechnologiesCornerstone Technologies Holdings Limited (8391.HK) is a leading provider of electric vehicle (EV) charging solutions in Hong Kong, offering integrated charging systems, charging equipment, and related accessories, as well as consultancy, installation, maintenance, and leasing services for charging infrastructure. In Hong Kong, its comprehensive solutions include private residential charging subscription services (Cornerstone HOME) and public charging networks (Cornerstone GO), with the latter already in operation across more than 118 strategic car parks, totaling over 2,000 charging points and more than 92,000 members. The Company is also expanding beyond the Hong Kong market, entering Thailand under the brand name of Spark EV, and actively exploring high-potential markets such as Malaysia and Indonesia. Currently, Spark EV has more than 250 charging stations in operation with the number of members exceeding 222,500. This press release is issued by DLK Advisory Limited on behalf of Cornerstone Technologies Holdings Limited.For enquiries, please contact:DLK AdvisoryTel:+852 2857 7101Fex:+852 2857 710328/04/2026 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
EQS
Tue, Apr 28

Volant Aerotech Secures Record-Breaking $300 Million Series C to Scale Global eVTOL Leadership

SHANGHAI, April 27, 2026 — Volant Aerotech, a leading pioneer in China’s commercial passenger eVTOL (electric Vertical Take-Off and Landing) sector, today announced the closing of a $300 million Series C funding round. This transaction sets a new record as the largest single financing event in China’s low-altitude economy and the high-end commercial passenger eVTOL sector in recent years.The round was led by Stone (UAE), with participation from HSG and Fortera Capital. Existing shareholders Future Capital and Legend Capital also significantly increased their stakes. The capital injection is earmarked for the airworthiness certification of the VE25-100 model, accelerated large-scale commercial delivery, and the expansion of Volant’s global market footprint.Industry-Leading R&D and Safety MilestonesFounded in 2021, Volant Aerotech has strictly adhered to its "three types, three generations" product and technical roadmap. Its flagship composite-wing aircraft, the VE25-100, is purpose-built for commercial passenger transport. It offers a spacious, flexible cabin and safety standards comparable to civil airliners, designed to operate in diverse weather conditions with high dispatch rates.Key technical achievements include:Advanced Flight Testing: Completion of high-risk flight tests, including single-propeller failure and emergency landings. Manned Flight Success: The first successful manned flight for an aircraft in its class, validating superior handling and system stability. Certification Timeline: Airworthiness certification is progressing steadily, with completion projected for the first half of 2027.Global Commercial Traction and BacklogVolant’s commercial momentum has surged since securing its first firm order last year. Within just 12 months, the company has built a robust portfolio:Total Orders: Over 1,900 aircraft with a total value exceeding RMB 47.5 billion ($6.5B+ USD).Blue-Chip Clients: Confirmed orders and advanced payments (totaling nearly RMB 100 million) from major players including China Southern Airlines General Aviation, Asian Express, ABC Financial Leasing, and so on. International Record: Over 500 overseas orders from partners in Thailand (Pan Pacific), Dubai (IC Leasing), and Germany (DC Aviation). A single $1.75 billion deal with Pan Pacific remains the largest export order for a Chinese eVTOL to date.A New Era for the Low-Altitude EconomyWith 12 rounds of financing completed over five years totaling over RMB 4 billion, Volant stands as one of the most well-funded and frequently backed enterprises in the sector."The participation of global benchmarks like HSG and international players like Stone validates our technical prowess and R&D efficiency," the company stated. Industry observers note that this massive funding round signals a consolidation in the market, with Volant emerging as a "unicorn" representing China’s competitive strength in the global low-altitude economy.About Volant Aerotech Volant Aerotech is a premier developer of passenger-grade eVTOL aircraft. Its flagship VE25-100 model is designed for a wide range of applications, including commercial passenger transport, low-altitude sightseeing, emergency rescue and aerial logistics.Media Contact: marketing@volantaerotech.com28/04/2026 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
EQS
Tue, Apr 28
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