Think Tank Report on China’s Role as a Peace Facilitator Released at 2026 Hong Kong Forum on Cooperation and Development ACN Newswire

Think Tank Report on China’s Role as a Peace Facilitator Released at 2026 Hong Kong Forum on Cooperation and Development

HONG KONG, July 1, 2026 - (ACN Newswire via SeaPRwire.com) - On 19 May 2026, the 2026 Hong Kong Forum on Cooperation and Development was held in Hong Kong. The Academy of Contemporary China and World Studies and the China-Europe-America Global Initiative released a joint research report entitled China as a Peace Facilitator: Concepts and Practices in International Conflict Mediation, which was presented on-site by David Gosset, a renowned French sinologist and international relations scholar. The report systematically elaborates on the theoretical framework and practical approaches underpinning China's efforts to improve global governance through consultation and mediation. It also interprets the diplomatic philosophy advanced by Chinese leaders in the new era, drawing positive responses from Chinese and international participants as well as media outlets.The report notes that armed conflicts worldwide have been on the rise, multilateral governance mechanisms have become less effective, and unilateral sanctions and bloc confrontation have aggravated governance dilemmas. The international community is in urgent need of inclusive and sustainable solutions for peaceful development. Tracing the civilizational roots of the Five Principles of Peaceful Coexistence, the report comprehensively explains the coordination mechanism of the four Global Initiatives — the Global Development Initiative, the Global Security Initiative, the Global Civilization Initiative and the Global Governance Initiative. It focuses on interpreting the institutional innovations of China’s mediation philosophy, helping to address gaps in existing research on global dispute-settlement mechanisms, and demonstrating the diplomatic thinking and governance wisdom of Chinese leaders in the new era.The report conducts in-depth research on the global significance of China’s peace-promoting endeavors, pointing out that Chinese modernization inherently follows a path of peaceful development and shapes a more just and inclusive international order anchored in the building of a community with a shared future for mankind. Drawing on Hong Kong's unique geographical advantages as a global connectivity hub, the report puts forward ten actionable pathways, including consolidating academic research, enhancing China's voice on international platforms, deepening China-Europe coordination, mobilizing social and charitable forces, and building an international mediation communication hub based in Hong Kong. These measures help the international community gain an objective understanding of China’s peace proposals and a fuller understanding of China's diplomatic philosophy.The report selects four typical cases — Afghanistan, Myanmar, the Russia-Ukraine conflict and the Sudan conflict — to empirically analyze the strengths of China’s peace mediation model, which differs from interventionist approaches employed by some Western countries. The report holds that China upholds sovereign equality and non-interference in internal affairs, resolves differences through dialogue and consultation, and supports conflict zones with infrastructure construction, livelihood support and humanitarian assistance in an integrated manner to address root causes of conflicts. It provides countries in the Global South with an alternative approach to international conflict governance.Media contact: Arwen LiuBrand Name : Academy of Contemporary China and World StudiesContact Person: Marketing TeamEmail: vv8899@vip.163.com Tele: (86-10)6871 5917Website: http://www.accws.cn/ Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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Neat Introduces Thinking Rooms with Agentic Deployment Management and Intelligent Framing ACN Newswire

Neat Introduces Thinking Rooms with Agentic Deployment Management and Intelligent Framing

LAS VEGAS,NV, July 1, 2026 - (ACN Newswire via SeaPRwire.com) - Neat, the industry’s first AI-native hardware and software platform for workplace collaboration, announced two next-generation distributed AI capabilities designed to transform passive meeting rooms into thinking environments:Neat Pulse MCP: Bridges the Neat Pulse management platform with large language models to usher in the era of agent-driven IT administration. Currently available as a locally-hosted beta to Neat customers.Intelligent Framing: This AI-on-the-edge capability ensures clear visibility and engaged, relevant, and equitable meeting experiences for all participants. Currently in beta, Intelligent Framing is scheduled for general availability in H2 2026.Both innovations were demonstrated live at the InfoComm 2026 exhibition.“Agentic AI should solve practical problems, providing real answers to the hard, everyday headaches of hybrid work,” says Javed Khan, CEO of Neat. “We’re making fleet management easier and offering far-end participants more engaging meeting experiences. This is about giving organizations—and the people in them—the power to solve these operational challenges at scale, ensuring every room is always ready and every meeting is seamless.”Neat Pulse MCP: Agent-Driven Device Management for the EnterpriseNeat Pulse MCP gives agents the tools to act on any management objective. Administrators can issue an instruction or question, and the agent reasons through how to respond. The MCP can also be used to set up autonomous routines that run without manual involvement. Examples include:Room readiness: Ask "Is my meeting room ready?" and the agent determines what to check, queries the relevant devices, and either confirms readiness or fixes any open issues. Or run a scheduled routine that runs the same checks automatically every morning before the work day begins.Autonomous fleet management: Define a policy once and let the agent monitor continuously—identifying offline devices, attempting recovery, escalating only what it cannot resolve, and broadcasting maintenance alerts to affected spaces.Room Messages: Push messages to any Neat-enabled room at the moment they matter. Send a welcome message displayed as a guest check-in or a notice when a room becomes unavailable. Room Messages are a new feature coming soon to Neat Pulse and will also be available to demo at InfoComm.Local client compatibility: The Neat Pulse MCP beta is running locally and therefore works with local MCP clients, such as Claude Code and Gemini CLI.“By taking fleet management out of siloed platforms and making it accessible to AI systems through MCP, Neat Pulse is helping redefine how collaboration environments are orchestrated,” said Tormod Ree, Chief Product & Engineering Officer of Neat. “MCP enables intelligent agents to interact with Neat Pulse and manage devices across their environments. This is a foundational step toward agent-driven workplace operations.”Intelligent Framing: AI at the Edge for Equitable MeetingsIntelligent Framing uses dedicated, on-device AI to continuously analyze spatial data across Neat devices in the room to ensure the most relevant participants are clearly visible to remote viewers. This technology moves beyond standard framing by sensing, identifying, and presenting the most relevant activity to far-end participants. By intelligently interpreting the ebb and flow of meeting interactions, the system dynamically adjusts the view to highlight the most active participants, with a commitment to continuous intelligence growth as the technology evolves.To deliver maximum flexibility and meeting equity, Neat is introducing more intelligent options for framing meeting participants:Equal (Existing Default): Standard framing that delivers consistent, identical screen real estate to every individual in the room.Highlights (New): Features three, six, or eight participants in large, prominent tiles. The set is dynamic, continuously adapting to present the most relevant participants while keeping everyone else visible in smaller tiles.Highlights + Room (New): Features three, four, or five highlighted participants in large tiles, while remaining participants appear in a full-room view, preserving spatial context alongside conversational clarity.About Neat Neat transforms passive rooms into thinking environments with smarter, simpler video devices powered by distributed intelligence. Open by design and built for every space, Neat devices sense, respond, and coordinate seamlessly to support more natural collaboration through meeting experiences shaped around human behavior. Compatible with Google Meet, Microsoft Teams, Zoom, and flexible BYOD workflows, Neat devices deliver fast deployment, intuitive management, and exceptional audio and video quality. Founded in Oslo, Neat has a passionate global team redefining how people meet and collaborate. Learn more at neat.no.Media ContactSling & Stoneneat@slingstone.com Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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EKH Limited Announces Launch of Hong Kong IPO ACN Newswire

EKH Limited Announces Launch of Hong Kong IPO

HONG KONG, Jun 30, 2026 - (ACN Newswire via SeaPRwire.com) - EKH Limited (“EKH” or the “Company”, together with its subsidiaries, the “Group”), the leading container depot operator in Singapore and the second largest in Southeast Asia in terms of container throughput in 2025, today announced the launch of its Hong Kong Public Offering and the International Offering (the “Global Offering”), and details of its proposed listing (the “Listing”) on the Main Board of The Stock Exchange of Hong Kong Limited (the “HKEX”).Offering DetailsThe Company intends to offer 51,600,000 newly issued shares under the Global Offering at an indicative offer price range of HK$2.20 to HK$2.68 per Share. Based on the midpoint of the offer price range, the Global Offering is expected to raise net proceeds of approximately HK$97.6 million before the exercise of any over-allotment option.EKH intends to apply the net proceeds from the Global Offering primarily towards the construction and development of its Mega Depot project in Singapore, repayment of the loan and/or interest expenses arising from the bank-borrowings for financing construction costs in connection with its Mega Depot project and general working capital purposes.The Hong Kong Public Offering commences at 9:00 a.m. on 30 June 2026 (Tuesday) and closes at 12:00 noon on 8 July 2026 (Wednesday). The final offer price and allotment results will be announced on 10 July 2026 (Friday). Dealings in the Company's shares on the Main Board of HKEX are expected to commence at 9:00 a.m. on 13 July 2026 (Monday) under the stock code 2523. The shares will be traded in board lots of 2,000 Shares each.Investment HighlightsLargest in Singapore and second largest in Southeast AsiaEKH ranked as the largest container depot operator in Singapore and the second largest in Southeast Asia by container throughput in 2025, according to the Frost & Sullivan Report. The Group’s extensive regional network positions it to deliver integrated logistics solutions across multiple jurisdictions, removing the need for customers to negotiate separately with operators in each location. This makes EKH a preferred partner for global customers that require logistic support throughout the region.Long-standing relationships with leading international container shipping lines and container leasing companiesThe Company has built enduring relationships with majority of the world’s top 10 container shipping lines, and the leading global container leasing companies. The Company’s longest customer relationship spans 39 years, reflecting the trust EKH has earned with its key customers. These relationships also anchor the Group's standing among other key players across the industry.An integrated, one-stop platform, anchored by a next-generation Mega DepotThe Company offers a broad range of services and a single, integrated solution that meets the diverse technical needs of parties throughout the shipping supply chain. Its Mega Depot in Singapore, scheduled for completion by December 2026, is designed as an integrated logistics hub that consolidates depot operations, warehousing, and future laden container storage under one roof. Comprising a warehouse of ~36,500 sq.m. and a container depot with capacity of ~23,000 TEUs, and equipped with advanced IT systems, it is positioned to be one of the largest and most technologically advanced facilities of its kind in Southeast Asia – with handling capacity that exceeds the operational limits of 95% of individual private depots in Southeast AsiaA proven, resilient track record of sustained profitabilityEKH has delivered sustained and continuous profitability across varying market conditions, including periods of significant disruption to global, regional and national economies and to international shipping and trade arising from major geopolitical and macroeconomic developments. This track record underscores the inherent resilience of the Group’s business model, which is underpinned by diversified revenue streams across its complementary business segments and a disciplined approach to cost management.Innovative technological solutions at the core of digitalised operationsThe Group’s innovative, customer-centric technological solutions are tailored for container depot operations. They improve operational efficiency, reduce turnover time, streamline administrative processes and enhance on-site safety, while giving customers real-time visibility over container movements and inventory, allowing the Group to deliver high-quality, seamless services.An experienced and dedicated management teamEKH is led by its co-founders, Mr. Li Hung and Mr. Ng Kam Ming, who each bring more than 40 years of experience in the shipping and container depot industry. The depth of knowledge and expertise across the senior management team enables the Group to decisively execute strategic objectives, deliver industry-leading service, establishing it as a trusted and reliable container depot operator in Southeast Asia.Future Growth StrategiesEstablish a digitalised and technology-driven Mega Depot in Singapore to provide integrated logistics servicesThe Group is strategically transitioning from operating depots across different locations in Singapore towards an integrated and high-capacity Mega Depot that will occupy approximately 80,000 sq.m. of land (strategically located in close proximity with the Tuas Megaport). Upon completion, it will be the largest consolidated container depot facility in Singapore and second largest in Southeast Asia according to Frost & Sullivan. By interfacing automated hardware with predictive software and the intended implementation of new IT systems, the Mega Depot will function as an integrated ‘‘smart’’ ecosystem that reduces turnaround times for processing containers and will serve to position the Group competitively amongst other logistic service providers in the region.Expand container depot network in Asia to cater for expected growing trade flowsTo capitalise on the sustained surge in trade flows and handling throughput in Singapore, Vietnam, Malaysia and Thailand, the Group is seeking available opportunities to expand its container depot network and upgrade its facilities in these jurisdictions.Messrs. Li Hung and Ng Kam Ming, Co-founders, Co-Chairmen and Executive Directors of EKH Limited, said, “We are pleased to launch EKH’s Hong Kong IPO, marking a significant milestone in our five-decade journey from a Singapore-based operator into a leading regional container depot network spanning Southeast Asia and the PRC. This achievement is a testament to the dedication of our team and the enduring trust of our major shipping and leasing partners. Looking ahead, we remain committed to strengthening our market leadership through our flagship Mega Depot project in Singapore, accelerated investments in automation and digitalisation, and the strategic expansion of our regional network.”“We express our sincere appreciation to our customers, business partners, employees and shareholders for their continued support. As we embark on our journey as a publicly listed company on the HKEX, we look forward to creating long-term value for our shareholders and contributing to the continued development of the regional logistics and shipping industry."Fully electronic application processEKH has adopted a fully electronic application process for the Hong Kong public offering and will not provide printed copies of the prospectus to the public in relation to the Hong Kong public offering. The prospectus is available at the HKEX website at www.hkexnews.hk, and EKH Group’s website at www.engkong.com. If you require a printed copy of this prospectus, you may download and print from these websites.AdvisersQuam Capital Limited and Alliance Capital Partners Limited are the Joint Sponsors of the Listing. Quam Securities Limited is the Sponsor-Overall Coordinator, Sole Global Coordinator, Joint Bookrunner and Joint Lead Manager of the Global Offering.For further details, please refer to the Company’s announcement on the HKEX website at www.hkexnews.hk.About EKH GroupEKH Group is the leading container depot operator in Singapore and the second largest in Southeast Asia in terms of container throughput in 2025 (according to the Frost & Sullivan Report), serving container shipping lines and container leasing companies operating in the ASEAN region and the PRC. Headquartered in Singapore, the EKH Group established a broad geographical footprint with operations in the PRC, Hong Kong, Malaysia, Thailand and Vietnam.Leveraging its extensive regional network of 18 container depots across 10 locations, EKH Group provides a comprehensive range of integrated container and logistics services, including container storage and handling, repair and maintenance, transportation, warehousing, container freight station operations and freight forwarding, as well as new-build container inspection and the sales and trading of containers and container parts.Through its diversified service platform, operational expertise and long-standing relationships with major container shipping lines and container leasing companies, EKH Group delivers one-stop solutions that facilitate the efficient storage, handling and movement of containers and cargo throughout the supply chain.For more information, please visit www.engkong.com.This press release is not for publication or distribution, directly or indirectly, in or into the United States of America. This announcement is neither an offer to sell nor a solicitation of an offer to buy, nor shall there be any offer, solicitation or sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities referred to herein may not be offered or sold in the United States absent registration under the Securities Act or an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws. No public offering of securities is being made in the United States. Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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Multi-Billion-Dollar Global Sports Brand U.S. Polo Assn. Earns Global Awards and Recognitions Across Business, Sport, and Content Categories ACN Newswire

Multi-Billion-Dollar Global Sports Brand U.S. Polo Assn. Earns Global Awards and Recognitions Across Business, Sport, and Content Categories

West Palm Beach, FL, June 30, 2026 - (ACN Newswire via SeaPRwire.com) - U.S. Polo Assn.®, the official sports brand of the United States Polo Association (USPA), continues to gain global momentum in 2026, earning a series of high-profile honors and recognitions that reflect the brand's expanding footprint, deepening consumer trust, and growing influence in sports-driven content and storytelling.Among U.S. Polo Assn.'s top recognitions this year, the global, multi-billion-dollar brand was honored at the 11th Annual 2026 Globee Awards for Achievement with Gold for the "Global Expansion" category and Silver for the "Brand Development" category. These awards highlight U.S. Polo Assn.'s ability to scale its authentic, sport-inspired brand across more than 190 countries while building a consistent and relevant brand in diverse markets worldwide. The recognition follows a record-setting $2.7 billion in global retail sales in 2025, reinforcing the brand's continued upward trajectory.Trust and consumer credibility also took center stage in 2026, with U.S. Polo Assn. named a 5-Star honoree in USA TODAY's "Most Trusted Brands" rankings, voted on by more than 23,000 U.S. consumers in a nationwide survey. The distinction underscores the brand's strong connection with consumers through quality, accessibility, and authenticity rooted in the sport of polo. In India, one of the brand's most dynamic and fastest-growing markets, U.S. Polo Assn. was recognized by Marksmen Daily as one of the "Most Trusted Brands of India," underscoring the brand's status as the largest sport-casual menswear brand in the country.Expanding its role in sports media and content creation, U.S. Polo Assn.'s media subsidiary, Global Polo, also earned multiple honors for its original programming, Breakaway. The brand's ESPN-distributed series was named a finalist for "Best Specialized Sports Content Storytelling" at the 2026 Cynopsis Sports Awards for its Season 3-episode, Polo in the Palm Beaches, and also received its third consecutive Platinum at the 2026 LIT Entertainment Awards in the "Television - Original Content" category for its Season 2-episode, Polo in India. The award-winning series offers an inside look at the world of elite competition and reinforces the brand's commitment to elevating awareness and engagement around the sport of polo through compelling, behind-the-scenes storytelling.Further reinforcing U.S. Polo Assn.'s content rich marketing strategy, the brand's global magazine, Field X Fashion, Issue 2, was named a finalist for "Best Use of Print" at the 2025 International Content Marketing Awards, with results announced in early 2026. The one-of-a-kind publication brings together the world of U.S. Polo Assn., including sport, fashion, philanthropy, and culture through elevated editorial storytelling and visually driven narratives that highlight the brand's authentic heritage."These global recognitions speak to the strength of our global strategy and the authenticity that continues to set U.S. Polo Assn. apart as we build a brand that resonates across markets and connects through the sport of polo," said J. Michael Prince, President and CEO of USPA Global, the company that manages the U.S. Polo Assn. brand. "Our growth is fueled by a clear vision to execute with consistency, creativity, and purpose."Today, U.S. Polo Assn.'s global presence spans 190 countries, with approximately 1,200 retail stores and a rapidly expanding digital ecosystem of more than 60 e-commerce sites in 20 languages. Backed by strong global partnerships, including ESPN in the United States and leading broadcasters across Europe, India, and the Middle East, the brand continues to grow its reach with sports fans and consumers.Looking ahead, U.S. Polo Assn. will continue to build on this momentum through its global campaign, The Polo Shirt: An Icon Born from the Game™, celebrating the authentic origins of one of the world's most recognizable style essentials. With a focus on sustained growth, cultural relevance, and sport-inspired storytelling, U.S. Polo Assn. continues to thrive as one of the world's largest and most accessible licensed sports brands.About U.S. Polo Assn. and USPA GlobalU.S. Polo Assn. is the official sports brand of the United States Polo Association (USPA), the largest association of polo clubs and polo players in the United States, founded in 1890. With a multi-billion-dollar global footprint and worldwide distribution through more than 1,200 U.S. Polo Assn. retail stores as well as thousands of additional points of distribution, U.S. Polo Assn. offers apparel, accessories, and footwear for men, women, and children in more than 190 countries worldwide. The brand sponsors major polo events around the world, including the U.S. Open Polo Championship®, held annually at NPC in The Palm Beaches, the premier polo tournament in the United States. Historic deals with ESPN in the United States, TNT and Eurosport in Europe, Star Sports in India, and BeIn Sports in the Middle East now broadcast several of the premier polo championships in the world, sponsored by U.S. Polo Assn., making the thrilling sport accessible to millions of sports fans globally for the very first time.U.S. Polo Assn. has recently been named one of USA Today's Most Trusted Brands and has consistently been named one of the top global sports licensors in the world alongside the NFL, PGA Tour, and Formula 1, according to License Global. In addition, the sport-inspired brand is being recognized internationally with awards for global growth and sport content. Due to its tremendous success as a global brand, U.S. Polo Assn. has been featured in Forbes, Fortune, Modern Retail, and GQ as well as on Yahoo Finance and Bloomberg, among many other noteworthy media sources around the world. For more information, visit uspoloassnglobal.com and follow @uspoloassn.USPA Global is a subsidiary of the United States Polo Association (USPA) and manages the multi-billion-dollar sports brand, U.S. Polo Assn. USPA Global also manages its subsidiary, Global Polo, which is the worldwide leader in polo sport content. To learn more, visit globalpolo.com or Global Polo on YouTube.For Further Information, Contact:Stacey Kovalsky - VP, Global PR & CommunicationsPhone +001.561.530.5300 - E-mail: skovalsky@uspagl.comKaela Drake - Senior PR & Communications SpecialistPhone +001.561.530.5300 - E-mail: kdrake@uspagl.comSOURCE: U.S. Polo Assn. Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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Affiliate of Pacific Avenue Capital Partners Completes Acquisition of ESE World from Amcor ACN Newswire

Affiliate of Pacific Avenue Capital Partners Completes Acquisition of ESE World from Amcor

PARIS, June 30, 2026 - (ACN Newswire via SeaPRwire.com) - Pacific Avenue Capital Partners ("Pacific Avenue"), a global private equity firm focused on corporate carve-outs and other complex transactions in the middle market, today announced that an affiliate of Pacific Avenue has completed the acquisition of ESE World (the "Company" or "ESE") from Amcor, one of the world's leading packaging companies.ESE is Europe's leading manufacturer of waste and recycling container systems, serving municipalities and businesses globally. The Company produces mobile waste containers, collection banks, hazardous materials containers, and public furnishing solutions from three manufacturing facilities in Germany (Neuruppin and Olpe) and France (Crissey), generating approximately €300m in revenues.Having completed the carve-out from Amcor, ESE will operate as an independent company with the focus and resources to pursue its next phase of growth. Pacific Avenue will work in close partnership with the management team to drive value through operational improvement, targeted geographic expansion, and strategic add-on acquisitions."We are thrilled to officially welcome ESE World to our portfolio. This transaction is an important milestone for Pacific Avenue as we continue to build out our European presence and is a direct reflection of our ability to partner with corporate sellers to successfully execute complex carve-outs globally. ESE is a market-leading business with a strong brand, industry-leading innovation, and a defensible market position. We look forward to partnering with the management team to write the next chapter of ESE's story."- Chris Sznewajs, Founder and Managing Partner of Pacific AvenueThe closing of ESE marks Pacific Avenue's third European transaction and the first out of Fund II and its dedicated European sidecar. The transaction was financed through a combination of equity from Fund II and its European sidecar and debt financing provided by General Atlantic.Pacific Avenue was advised by Willkie Farr & Gallagher (legal M&A), McDermott Will & Emery (legal financing), Natixis Partners (debt advisory), PwC (commercial, legal, tax, HR and structuring) and Accuracy (financial).Amcor was advised by Greenhill, a Mizuho affiliate, and Latham & Watkins.About Pacific Avenue Capital PartnersPacific Avenue Capital Partners is a global private equity firm, headquartered in Los Angeles with an office in Paris, France. The firm is focused on corporate divestitures and other complex situations in the middle market. Pacific Avenue has extensive M&A and operations experience, allowing the firm to navigate complex transactions and unlock value through operational improvement, capital investment, and accelerated growth. Pacific Avenue takes a collaborative approach in partnering with strong management teams to drive lasting and strategic change while assisting businesses in reaching their full potential. Pacific Avenue has more than $3.9 billion of Assets Under Management (AUM) as of March 31, 2026. The members of the Pacific Avenue team have closed over 120 transactions, including over 50 corporate divestitures, across a multitude of industries throughout their combined careers. For more information, please visit www.pacificavenuecapital.com.Contact:Chris Baddon424.655.2916cbaddon@pacificavenuecapital.comSOURCE: Pacific Avenue Capital Partners Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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The Rise of Chinese Caviar: Kaluga Queen Enters a New Chapter Following HKEX Listing

HONG KONG, Jun 30, 2026 - (ACN Newswire via SeaPRwire.com) - For many chefs, sommeliers and luxury hospitality professionals around the world, Kaluga Queen has become a familiar name.Served by leading international airlines, selected by Michelin-starred restaurants, and distributed across 46 countries and regions, the brand has grown from China’s Qiandao Lake into one of the most recognized names in modern caviar.Today, the company behind that journey enters a new chapter.Xunlong Technology Co., Ltd., the parent company of Kaluga Queen, officially commenced trading on the Main Board of the Hong Kong Stock Exchange under stock code 06715.HK.The company offered 16.33 million H shares at HK$75.50 per share. The stock opened at HK$103.00, representing a 36.42% increase from the offer price. Proceeds from the offering will be used to support production expansion, technology upgrades, global brand development, sales channel enhancement, research and development initiatives, digital infrastructure, and strategic growth opportunities.Beyond the financial milestone, the listing reflects a broader story: the emergence of China as a major force in the global caviar industry, and the evolution of Kaluga Queen from a producer into an internationally recognized premium food brand.From China to the World’s Finest TablesOver the past two decades, global perceptions of caviar have undergone a significant transformation.Once dominated by traditional producing regions, the industry has become increasingly global. China now plays a central role in that transformation.According to CIC, Xunlong Technology has ranked first globally in caviar sales volume for eleven consecutive years since 2015. Between 2021 and 2025, the company maintained more than 30% of global market share, reaching 36.1% in 2025.Today, Kaluga Queen products are sold across Europe, the Americas, Asia-Pacific and the Middle East, reaching customers in 46 countries and regions worldwide.International business has become the company’s primary growth engine. Overseas sales represented 76.7%, 80.1% and 83.8% of total revenue in 2023, 2024 and 2025 respectively.The brand has also established a strong presence within the global fine dining ecosystem. Kaluga Queen caviar is served by airlines including Lufthansa, Singapore Airlines, Cathay Pacific and Air China, while also being selected by Michelin-starred restaurants, luxury hotels and prestigious culinary events around the world.What began on the shores of Qiandao Lake has evolved into a brand found on some of the world’s most respected dining tables.Time, Nature and TechnologySuccess in caviar is not built overnight.Unlike most food categories, caviar production requires extraordinary patience. Depending on the species, sturgeon can take seven to fifteen years to reach maturity before producing roe suitable for caviar.This biological reality creates one of the industry’s highest barriers to entry.As of June 30, 2025, Xunlong Technology maintained approximately 14,000 metric tons of sturgeon biological assets, among the largest inventories globally.Over more than two decades, the company has invested heavily in breeding technology, aquaculture systems, quality control and long-term resource management. From overcoming challenges in artificial sturgeon propagation to developing proprietary broodstock resources and establishing eight major production bases across China, it has built a fully integrated value chain covering breeding, farming, processing, research, product development, sales and brand management. The result is not simply scale, but a production system capable of delivering consistency, quality and reliability to customers worldwide.In caviar production, time creates rarity, while technology safeguards excellence. Together, they form the foundation of Kaluga Queen’s global reputation.Bringing Caviar Beyond Fine DiningWhile Kaluga Queen’s international reputation was built through professional culinary channels, the company’s next phase of growth is increasingly consumer-focused.Globally, caviar remains strongly associated with fine dining, luxury hospitality and special occasions. Yet consumer behavior is evolving, particularly in Asia, where demand for premium food experiences continues to expand.In China, per-capita caviar consumption remains significantly below that of Europe and North America, suggesting substantial long-term growth potential. Recognizing this opportunity, Kaluga Queen has been exploring new ways to introduce caviar to a broader audience.The brand has integrated caviar into contemporary Chinese dining culture while also developing innovative consumer products under its “Caviar+” strategy, including caviar ice cream, caviar mooncakes and caviar chocolates.Beyond product innovation, Kaluga Queen is building a direct-to-consumer retail network centered around experiential spaces, lifestyle-driven retail concepts and educational tasting experiences.The company’s first dedicated caviar experience store opened in 2025, with additional locations planned in major cities.The objective is not simply to sell more caviar, but to make caviar more approachable, discoverable and culturally relevant to a new generation of consumers.The Next Chapter for Chinese CaviarFor Kaluga Queen, the HKEX listing is not an end point but the beginning of a new phase.Over the past twenty years, the company has helped establish China as one of the most important players in the global caviar industry. The next ambition is broader: to build a globally influential premium food brand rooted in Chinese craftsmanship, natural resources and long-term commitment to quality.Looking ahead, the company plans to continue investing in production capacity, technology innovation, international brand building, retail development and product diversification.More importantly, it aims to further strengthen the connection between Chinese premium ingredients and global consumers.As international interest in provenance, craftsmanship and culinary culture continues to grow, Kaluga Queen believes Chinese brands have an unprecedented opportunity to contribute to the future of global gastronomy.The story of Kaluga Queen reflects a larger transformation taking place across Chinese consumer brands — a shift from manufacturing excellence to global brand leadership.And for a company built on patience, the philosophy remains unchanged:Time creates rarity. Time creates value. And ultimately, time reveals its answer to the world. Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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Tenstorrent Sets New Performance Records, Launches TT- Ascalon S, and Expands Across Japan ACN Newswire

Tenstorrent Sets New Performance Records, Launches TT- Ascalon S, and Expands Across Japan

TOKYO, June 30, 2026 - (ACN Newswire via SeaPRwire.com) - Tenstorrent, the AI compute company led by CEO Jim Keller, today at TT-Deploy JP set new performance records across language and video, launched TT-Ascalon S RISC-V CPU IP for agentic AI, and detailed its largest deployment to date, a general-purpose, heterogenous AI build in Japan. Each rests on the same foundation: a single architecture that runs major AI workloads faster than GPUs and scales from a licensable core to a Tenstorrent Galaxy™ supercluster over standard Ethernet.That makes Tenstorrent's Networked AI architecture a different kind of solution - open, general-purpose, flexible for heterogeneous or stand alone deployments, and backed by AI experts - that can withstand the constant change in the AI industry.New industry records from language to videoContinuing to build on previous performance, Tenstorrent shared new LLM and video with lip-sync and audio benchmarks. On the latest models enterprises are deploying right now, Tenstorrent Galaxy Blackhole superclusters post:Kimi K2.6: 900 tokens/second/user, 3x faster than GPUsDeepSeek-R1-0528 671B: 400+ tokens/second/user, up from 350+ at TT-Deploy SFLTX 2.3 Fast: roughly 6-second video generation at 144 frames, 1080p, with audio and lip-sync, 4x faster than GPUsDifferent model families, one architecture, with capacity that grows near-linearly as Galaxies are added. Tenstorrent's performance enables enterprises to scale premium inference workloads efficiently.TT-Ascalon S: Tenstorrent expands the TT-Ascalon portfolio with TT-Ascalon S suited to emerging agentic AI workloadsLaunching today at TT-Deploy JP, Tenstorrent announced TT-Ascalon S, a compute-dense RISC-V CPU for agentic AI. Agentic AI leans on the CPU in a new way, gated less by raw compute than by orchestration, I/O, and latency, and TT-Ascalon S is built for it:Density: Built on the foundation of TT-Ascalon X, TT-Ascalon S is purpose built for a footprint ~50% the size, delivering ~140% performance per mm².Efficiency: A compact, power-efficient design for high-throughput execution layers.Latency: Ascalon S is tuned for the mixed, branch-heavy, tool-connected execution patterns typical of agent runtimes, helping enable more predictable execution.In addition to agentic AI, TT-Ascalon S is applicable to high-efficiency servers, networking and storage SoCs, and data-center edge deployments. As licensable RISC-V IP, it enables customers to extend the same architectural foundation into custom silicon designs.Built to drop in, or stand aloneConnecting the accelerators and the CPU alike is Tenstorrent's Networked AI. The architecture unifies compute, memory, and networking over standard Ethernet, with an open-source software stack. Tenstorrent Galaxies and superclusters stand alone or drop into an existing GPU fleet without replacing existing infrastructure. Customers can add capacity without betting on a single model, workload, or vendor; the systems keep performing as models change; and the infrastructure stays in the customer's hands. For the enterprises and nations building next-gen private AI infrastructure, that independence and flexibility is key."We built one architecture that runs everything, drops in next to whatever you already own, and scales from a licensable core to a supercluster. That's what lets a company, or a country, own its AI and adapt to the only constant in AI - change. We're excited to partner so widely in Japan with key partners like ai&, Rapidus, Preferred Networks, Socionext and Turing." said Jim Keller, CEO of Tenstorrent.Running across Japan, at national scaleAcross Japan, Tenstorrent enables cloud service providers, data centers, and private infrastructure with everything from licensable IP to large-scale supercluster deployments.Its largest deployment to date runs with ai&, Japan's vertically integrated frontier AI platform. ai& launched its heterogeneous inference platform to expand sovereign AI in Japan. Tenstorrent Galaxies and superclusters support key inference and agentic workloads, and enables customer use cases such as: chat, RAG, vision, and post training, served entirely from within the country. They've deployed more than 120 Tenstorrent Galaxy systems representing the largest scale of sovereign AI compute in the region."ai& is built on the conviction that the best inference infrastructure routes every workload to the silicon best suited to it. Tenstorrent's Galaxy superclusters have proven themselves on exactly the workloads our enterprise customers care about, and this deployment represents the largest sovereign AI compute footprint in Japan. We're excited for what the partnership unlocks," said David Bennett, CEO & co-founder at ai&That reach rests on a deep base in the country. Turing, the Tokyo-based autonomous-driving company, has demonstrated Tenstorrent Blackhole running inside an autonomous vehicle as a proof-of-concept. And through the national 2nm program with Rapidus, adopted by NEDO and led by LSTC, Tenstorrent contributes the RISC-V CPU chiplet. Tenstorrent Japan has operated in Tokyo since 2023, runs an AI data center in Osaka today, and is bringing up to 200 Japanese silicon engineers into its design teams.TT-Deploy JP brings the ecosystem on stage, with partners including ai&, Rapidus, Preferred Networks, Socionext and Turing, plus live demos from ai&, BOS and Turing.About TenstorrentTenstorrent is an AI compute company led by CEO Jim Keller - architect of Apple A4/A5, AMD Zen, and Tesla's Full Self-Driving chip. The company builds RISC-V-based AI processors and systems for developers, enterprises, and sovereign infrastructure worldwide. In addition to servers and workstations, Tenstorrent licenses its TT-Ascalon RISC-V CPU and Tensix AI cores to chip designers including Samsung and LG. Backed by Bezos Expeditions, Samsung, LG Electronics, Hyundai Motor Group, Fidelity, and others, Tenstorrent has raised over $1B+ and operates from Santa Clara, Austin, Toronto, Belgrade, Tokyo, and Bangalore. Learn more at tenstorrent.com.Media ContactJustin MauldinSalient PRachievemore@salientpr.com737.234.0936SOURCE: Tenstorrent Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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Lung Fung (2290) Achieves Record-High Annual Revenue and Net Profit ACN Newswire

Lung Fung (2290) Achieves Record-High Annual Revenue and Net Profit

HONG KONG, Jun 29, 2026 - (ACN Newswire via SeaPRwire.com) - Lung Fung Group Holdings Limited (2290), a leading beauty, health and pharmaceutical products retailer in Hong Kong, today announced its annual results for the year ended 31 March 2026.During the Year, driven by the continued expansion of its retail network and solid same-store sales growth, the Group’s revenue and net profit both surged to record highs. The Group’s revenue increased substantially by 33.2% year-on-year to HK$3,277.2 million. More notably, over the past four years, the Group’s revenue growth has consistently outperformed the overall Hong Kong retail market. In 2025, for instance, the Group maintained a consistent growth trajectory throughout the period, despite the overall retail market remaining in a recovery phase. In addition, the Group’s gross profit rose by 30.6% year-on-year to HK$1,015.4 million, with a gross profit margin of 31.0%. Net profit soared by 57.9% year-on-year to HK$269.1 million, while core net profit1 amounted to HK$300.9 million. The strong results fully demonstrate the robust growth momentum of the Group’s core operations and validate the effectiveness of its development strategies. To share the fruits of its operations with shareholders, the Group plans to distribute not less than 60% of distributable profits for FY2027, being the first financial year after listing, and thereafter, for shareholders.During the Year, the Group continued to expand its physical retail network, adding six retail stores and increasing its store count to 31, thereby further consolidating its market-leading position. Physical retail operations remained the Group’s primary growth engine, contributing HK$3,202.5 million in revenue, representing a substantial increase of 33.9% compared with the same period last year. In addition, the Group achieved satisfactory same-store sales performance. For the first quarter of 2026 alone, based on a comparison of the revenue from the 22 comparable stores that were in operation throughout both the first quarter of 2026 and the same period in 2025, same-store sales growth reached 14.8%, reflecting an increase in tourist arrivals, a gradual recovery in consumer sentiment, and the growth contribution from new stores opened in FY2024 and FY2025 as they gradually matured.A well-established retail network, a diversified product portfolio and a wide network of suppliers form the core pillars supporting the Group’s growth. The Group’s retail footprint, strategically distributed across Hong Kong, covers major prime locations and communities, including Central, Tsim Sha Tsui, Mong Kok and Causeway Bay, achieving broad market coverage and customer reach. Furthermore, the Group offers more than 9,000 SKUs per retail store, covering 11 major product categories, including pharmaceuticals, health supplements, skincare products, cosmetics and personal care products, comprehensively meeting customers’ needs for a “one-stop shopping” experience. During the Year, beauty products, health products and other consumer products delivered particularly outstanding performances, with revenue increasing by 37.0%, 35.6% and 40.6% year-on-year, respectively, mainly driven by the Group’s continued introduction of new SKUs and brands. Meanwhile, the Group also continued to invest resources in developing more than 40 private-label brands, effectively optimising its product mix, meeting market needs and enhancing profitability.In response to evolving consumer shopping trends, the Group has systematically enhanced its online sales capabilities, advancing its strategic objective of integrated online-offline omni-channel development. The Group has also strengthened sales through its official online store and major Chinese e-commerce platforms such as Tmall and JD.com, while proactively expanding into emerging social commerce channels such as Douyin to reach a broader customer base. At the same time, the Group will continue to optimise its online flagship store and mobile application and develop an intelligent membership system powered by big data analytics to deliver precise product recommendations and personalised marketing, thereby strengthening customer loyalty and encouraging repeat purchases.Mr Tse Siu Hoi, Executive Director, Chairman and Chief Executive Officer of Lung Fung Group, said, “The successful listing on the Main Board of the Hong Kong Stock Exchange is an important milestone in the Group’s development, marking a new phase of growth and further enhancing our capital strength. Moving forward, we will continue to enrich our product portfolio, deepening our presence across the existing 11 core categories while actively exploring new categories, and upholding our brand promise of ‘More choices and More fun’. We will also increase investment in developing private-label products and driving upgrades to our warehouse management system and point of sale systems to boost operational efficiency. In addition, we plan to open six to seven new retail stores in FY2027, with locations spanning core shopping districts and residential areas that offer strong market potential. At the same time, we plan to expand the retail space of existing stores to further drive same-store sales growth. We will adhere to our customer-centric approach, respond flexibly to market changes, and actively seize every opportunity that aligns with the Group’s long-term development vision, so as to create greater value for our shareholders and customers.” Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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AI surge sees HKTDC raise export forecast, Boost for Hong Kong exporters amid global uncertainties ACN Newswire

AI surge sees HKTDC raise export forecast, Boost for Hong Kong exporters amid global uncertainties

HONG KONG, Jun 29, 2026 - (ACN Newswire via SeaPRwire.com) - The Hong Kong Trade Development Council (HKTDC) has upwardly revised its 2026 export forecast to year-on-year growth of above 20%. This follows a stronger-than-expected performance since the start of the year as well as sustained momentum in the global demand for technology products. Meanwhile, the HKTDC Export Confidence Index (2Q26), released today, shows an improvement in both of its key indicators – the Current Performance Index (51.0) and the Expectation Index (52.4). Both indicators rebounding above the 50 threshold reflects improved exporter sentiment stemming from evolving US trade policies and ongoing geopolitical developments.AI-driven electronics boom supporting export growthCommenting on the export performance, HKTDC Director of Research, Bruce Pang, said: “The recent upturn has been supported by resilient regional trade amid the AI-driven technology cycle, which has been maintained despite lingering uncertainties in the Middle East. Overall, the outlook for many of Hong Kong’s major markets has improved, with the Chinese Mainland and ASEAN remaining the most promising. Sentiment towards the US market has also strengthened following the Xi-Trump meeting in mid-May and recent trade policy developments. At present, export momentum is expected to remain solid, although geopolitical developments and risks to global demand may continue to create uncertainties.”In the first five months of 2026, Hong Kong’s exports recorded a robust 36.2% year-on-year increase, an uptick underpinned by strong demand for electronics amid an accelerating global AI cycle. Electronics remained the key growth driver, accounting for more than 70% of Hong Kong’s total exports, with semiconductors and intermediate items putting in a particularly strong performance.Most notably, the proliferation of AI applications, including generative AI and enterprise digitalisation, has triggered a new wave of demand for high-performance chips, information and communications technology (ICT) equipment, and related components. This has significantly boosted Hong Kong’s re-export trade, particularly to the Chinese Mainland, ASEAN production bases and major developed markets.Growth partly price-driven amid tight supply conditionsWhile demand has remained strong, a notable portion of recent growth has been driven by price. Tight supply conditions in the semiconductor sector have led to significant increases in component prices, particularly in the case of memory chips and advanced processors.HKTDC Deputy Director of Research, Wing Chu, said: “The export value of key electronic components has risen faster than order volumes, with price increases amplifying overall growth. However, as production capacity expands and supply constraints gradually ease, semiconductor prices are expected to moderate. This may lead to some softening in export value growth over the longer-term, even as underlying demand for AI-enabled devices and infrastructure remains resilient.”From this, it is clear that Hong Kong is continuing to play a critical role as a regional trading hub, facilitating the flow of electronic parts and semi-manufactured goods across Asian supply chains and into global markets. This intermediary role has been a key factor in the city’s strong export performance and is expected to remain a key source of resilience even as component prices normalise over the medium term.Structural strengths and risksKenneth Lee, HKTDC Section Head of Special Projects & Business Advisory, said: “In addition to technology factors, steady overseas demand for consumer products has provided further support, reflecting the resilience of global consumption in recent months.”Looking ahead, several uncertainties could continue to weigh on trade performance, including:Geopolitical tensions, particularly developments in the Middle EastVolatility in global energy pricesPolicy uncertainties and rising protectionism, including evolving US trade measures and shifts among major trading partnersReferences2026 Mid-Year Export Review and Outlook: Hong Kong Export Growth Forecast Upgraded to above 20% https://research.hktdc.com/en/article/MjM2MzkxMjA0NwHKTDC Export Confidence Index 2Q26: Improved Sentiment Going into 2H https://research.hktdc.com/en/article/MjM1OTg2MDIzOQHKTDC Research website: https://research.hktdc.com/en/Photo download: https://bit.ly/4eLTSXxHKTDC Director of Research Bruce Pang (centre), Deputy Director of Research Wing Chu (left) and Section Head of Special Project & Business Advisory Kenneth Lee (right) announced the 2026 Mid-Year Trade Review and Outlook and HKTDC Export Confidence Index for the second quarter of the year at a press conference todayHKTDC Director of Research Bruce PangHKTDC Deputy Director of Research Wing ChuHKTDC Section Head of Special Project & Business Advisory Kenneth LeeMedia enquiriesPlease contact the HKTDC’s Communications and Public Affairs Department:Christy LeeTel: (852) 2584 4369Email: christy.wn.lee@hktdc.orgJane CheungTel: (852) 2584 4137Email: jane.mh.cheung@hktdc.orgAbout HKTDCThe Hong Kong Trade Development Council (HKTDC) celebrates its 60th anniversary this year. The HKTDC is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With over 50 offices globally, including 13 in the Chinese Mainland, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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Solvexel Energy Technologies (SET) Launches Global Expansion Initiative and Innovative Digital Energy Management Platform ACN Newswire

Solvexel Energy Technologies (SET) Launches Global Expansion Initiative and Innovative Digital Energy Management Platform

LONDON, June 29, 2026 - (ACN Newswire via SeaPRwire.com) - Solvexel Energy Technologies (SET), a trusted partner in global renewable energy development, today officially announced the expansion of its international footprint with the opening of a new branch office in London, alongside the launch of an innovative online renewable energy management cooperation model. Designed to accelerate the global low-carbon transition while generating new employment opportunities, this digital framework allows global participants to engage in international renewable energy operations via the SET digital terminal system without procurement costs, directly sharing in project operational returns.Driving Global Energy TransitionAgainst the backdrop of accelerating global demand for green energy transformation, SET continues to heavily invest in technological innovation and enhance renewable energy project development and operational management. Headquartered in Los Angeles, USA, the company specializes in wind power, hydropower, solar energy, and smart energy management systems.Through its new UK office located in London, SET aims to deepen the integration of digital energy and renewable energy industries. The company not only focuses on improving energy production efficiency but also emphasizes environmental protection and sustainable resource utilization, striving to achieve balanced economic, social, and environmental value creation.A Digitally Driven EcosystemAs a renewable energy integration service company, SET generates revenue primarily through the comprehensive development and operational management of renewable energy projects. Through the newly introduced SET digital terminal system, users can manage business orders online. Based on user management requests, the company allocates renewable energy resources across global projects, where field operators execute assigned tasks to generate operational revenue.SET's diversified business model creates long-term value through the synergy of the renewable energy industry chain, including resource integration, system-based operational support, technical services, and energy management enhancement.Participants in the SET ecosystem generate returns through structured task collaborations and platform-based service systems:Standardized Workflow: The platform utilizes a standardized system for task allocation, management, and settlements based on contribution results.Value-Based Distribution: User returns are derived from the overall value generated by renewable energy projects, including system incentives and task contribution rewards.Variable Returns: The system is fundamentally based on active collaboration and service participation rather than fixed or guaranteed income models.Rooted in Core Corporate ValuesThroughout its international development strategy, SET remains anchored by its core values: Innovation, Integrity, Responsibility, and Talent. The company adheres to transparent, standardized practices to build long-term partnerships with clients and stakeholders.Prioritizing talent as the foundation of long-term success, SET has established a comprehensive talent development system featuring professional training and cross-functional collaboration. By fostering an open, inclusive, and international workforce, the company continuously enhances its capabilities to support future business expansion and promote high-quality development across the global renewable energy industry.About Solvexel Energy Technologies (SET)Solvexel Energy Technologies (SET) is a global renewable energy integration service company committed to renewable energy research, clean energy applications, and sustainable development. By integrating advanced technologies, digital management systems, and international operational experience, SET provides efficient, secure, and reliable energy solutions for global clients.Media ContactSolvexel Energy Technologies (SET)Contact: Media teamWebsite: https://www.solvexelenergy.com Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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CWT Hosts Investor Presentation, Outlining Multi-Dimensional Value and a High-Resilience Growth Blueprint ACN Newswire

CWT Hosts Investor Presentation, Outlining Multi-Dimensional Value and a High-Resilience Growth Blueprint

HONG KONG, Jun 29, 2026 - (ACN Newswire via SeaPRwire.com) - On June 26, CWT International Limited (00521.HK) held investor presentation in Hong Kong, attended by senior executives and industry analysts from dozens of institutions and securities firms, including Everbright Securities, Huaxia Bank, Prudential Brokerage, SBI China Capital Financial Services, Sunwah Kingsway, and Phillip Securities. Management provided in-depth briefings on the company's 2025 operating performance, AI digital transformation progress, and medium-to-long-term pathways for each business segment, presenting to the capital markets a complete picture of its high-resilience business model—built on four synergistic core businesses: commodity marketing, logistics services, financial services, and engineering services—and outlining a clear, trackable value growth blueprint.Mr. Wang Kan (center), Executive Director and Chairman; Mr. Shang Duoxu (right), Executive Director and CEO; and Ms. Yan Shen (left), Chief Financial Officer2025 Performance Steadies Upward, Earnings Quality Continues to ImproveIn 2025, amid a complex and volatile global trade and supply chain environment, CWT leveraged the coordinated strength of its four core businesses to achieve growth in both scale and profitability, with operating quality continuing to rise. Full-year revenue reached HK$46.6 billion, up 18.4% year-on-year; profit amounted to HK$371 million, a 22.0% increase year-on-year, with profit growth consistently outpacing revenue growth. The company's financial structure continued to improve, with debt ratios steadily declining and its overall operating foundation growing increasingly robust.Commodity Marketing Hits Record High, Cementing Its Role as a Growth EngineThe commodity marketing segment, serving as the core growth engine, has seen its performance surge year after year. In 2025, it generated revenue of HK$39.5 billion, up 23.1% year-on-year, and pre-tax profit of HK$130 million, up 39.4% year-on-year—both reaching record highs. Key drivers included: a 12.1% year-on-year increase in trading volume of copper and gold concentrates, benefiting from robust global smelting demand and tight concentrate market supply-demand dynamics. In addition, geographic expansion into Africa and Southeast Asia yielded positive results, with investments in logistics and ground operations improving delivery reliability, reducing costs, and enhancing supply stability. In December 2025, the company successfully completed its first energy trade, marking a major breakthrough in product portfolio diversification. Going forward, the commodity marketing segment will continue to advance diversification of its product and service mix, including energy and precious metals trading, tap opportunities in the Hainan Free Trade Port, and strengthen structured financing solutions to support client growth, secure long-term supply relationships, and enhance value creation.Logistics Services: Warehousing Steady and Resilient Amid ChallengesLeveraging its millions of square feet of certified warehousing assets and a leading Asian global less-than-container-load (LCL) network, the logistics services segment achieved revenue of HK$5.2 billion in 2025, of which freight forwarding logistics contributed HK$3.5 billion and logistics warehousing services contributed HK$1.509 billion. In 2025, the global freight forwarding market faced headwinds from the Red Sea crisis, U.S. tariff policies, and geopolitical tensions, putting pressure on the industry as a whole. In response to the challenging external environment, the company proactively pursued refined operations and regional structural optimization. In the second half of the year, it will integrate its Shenzhen and Hong Kong operations into Guangzhou, completing a Greater Bay Area business reorganization to strengthen regional synergy and operational efficiency. Through meticulous cost control and deepened engagement with core customers, the company has stabilized its business performance.Core warehousing and logistics assets performed steadily, with occupancy rates at Singapore's core warehousing assets remaining above 90%. The scarcity value of LME- and ICE-certified warehouses continued to stand out, providing stable cash flow. In January 2026, the company signed a memorandum of cooperation with SF Express Singapore, joining forces to expand cross-border e-commerce, international trade, and supply chain value-added services—unlocking new strategic space for the long-term development of the logistics segment. In the future, the logistics segment will step up development of automated warehousing, strengthen overseas network coverage, and seize opportunities from port expansion.Financial Services: Licensing Breakthrough and Further Global Footprint ExpansionIn 2025, the financial services segment generated brokerage service revenue of HK$673 million, up 7.6% year-on-year, and interest income of HK$403 million. Client margin balances grew steadily, and business operations remained on a sound trajectory. The core breakthrough came from upgraded licensing and cross-border service capabilities. In May 2026, the company's subsidiary, Straits Financial, officially obtained qualifications from the Shanghai Futures Exchange and the Guangzhou Futures Exchange to act as an overseas intermediary for futures brokerage, effectively establishing a compliant channel for overseas investors to participate in China's futures markets. This enhancement further completes the company's global, multi-category, cross-market financial services system, strengthens its cross-border derivatives service capabilities and global client service capabilities, and lays a solid compliance foundation for the medium-to-long-term incremental growth of the financial segment.Engineering Services: Steady Growth with High-Quality Client BaseWith over four decades of deep-rooted presence in the Singapore market, the engineering services segment achieved revenue of HK$799.4 million in 2025, up 23.27% year-on-year. The segment's top five clients—the Singapore Ministry of Home Affairs, the Land Transport Authority, the Ministry of Defence, Changi Airport, and the Civil Aviation Authority of Singapore—together accounted for over 91% of revenue contribution. These clients are characterized by high credit quality and strong payment capacity, underscoring the company's moat advantage in Singapore's facility management and maintenance sector. Currently, the segment is actively aligning with the Singapore government's policy direction to promote electric vehicle development, with plans to enter the electric vehicle charging facility operation and maintenance space, cultivating new growth drivers for the future.Technology Empowerment: Embracing the "AI+" EraIn parallel, CWT has established "technology empowerment, quality and efficiency enhancement" as a mid-to-long-term corporate strategic direction. The company recently set up an AI & IT Office to coordinate the development of a company-wide AI system, build an AI infrastructure reusable across businesses, and steadily roll out intelligent pilot projects across various scenarios. Data automation tools have already been deployed in the freight forwarding business, with expectations of significantly improving process efficiency. Practical applications such as smart dispatching for warehouse fleets and AI-based visual inspection for engineering operations and maintenance are also on the horizon. Looking ahead, the company plans to leverage AI to optimize trade analysis, smart warehousing, freight rate analytics, and financial risk management systems, further enhancing core competitiveness and continuously strengthening its operating fundamentals and growth certainty.Leveraging Diverse Business Segments to Anchor Incremental Growth and Reshape Long-Term ValueLooking forward, CWT will steadily deliver on its growth expectations along four major pathways: diversified expansion in commodity trading, intelligent upgrades in logistics, conversion of cross-border financial licenses, and extension into new energy within engineering. As AI technologies are pragmatically implemented across scenarios such as trade analysis, smart warehousing, freight rate analytics, and financial risk management, incremental growth across business segments will be released in an orderly manner, further enhancing the company's operational resilience and earnings visibility. Anchored by prudent operations, compliant governance, and pragmatic innovation, CWT will continue to solidify its fundamentals, outline a more definitive value-revaluation proposition to the capital markets, and remain committed to delivering sustainable medium-to-long-term returns for its investors. Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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Reconova Launches Hong Kong IPO, Rare Embodied Vision AI Candidate Hits Home Stretch

HONG KONG, Jun 29, 2026 - (ACN Newswire via SeaPRwire.com) - Embodied intelligence has become a red-hot sector in 2026. Global tech capital has flocked to bet on this track, with disclosed domestic financing volume exceeding RMB46 billion in the first half of the year, hitting an all-time high. Amid the industry boom, a clear consensus has taken shape: enterprises that have passed technical verification and built viable commercial closed loops in real-world scenarios stand out as the rarest assets.As the embodied intelligence industry undergoes differentiation, a Chinese firm with over a decade of deep cultivation in vision intelligence brings a differentiated investment option to Hong Kong’s AI stock segment. On June 29, Reconova Technologies Co., Ltd. (Reconova, stock code: 7656.HK), headquartered in Xiamen, kicked off its Hong Kong IPO. The Company plans to globally offer 28.087 million H-shares at an offer price of HK$21.66 per H-share. Huatai International, CCB International and ABCI Capital act as joint sponsors.Unique Track Positioning & Fully Validated CommercializationMost listed embodied intelligence players focus on consumer-end home scenarios and remain in the early commercialization stage. Few have secured steady B-end revenue streams. Enterprises boasting full-stack self-developed vision technologies alongside large-scale commercial deployment in industrial verticals are extremely scarce in the market. Reconova targets three high-barrier industrial sectors: civil aviation, commercial real estate and driving safety, delivering a distinct business narrative.Reconova’s differentiated development logic lies in its proven commercialization roadmap: build vertical scenario capabilities first, then develop embodied execution technologies. Founded in 2012, the Company has long centered on enterprise-grade vision AI. It independently develops vision large models, deep learning frameworks and multi-spectral imaging technologies. Built on three core technology layers — foundational technology, fusion technology and modular building block technology — the Company has rolled out a complete technology stack covering three series of vision intelligence agents: RecoSee (perception), RecoAware (cognition) and RecoThink (reasoning).More importantly, this technological system is not confined to laboratories; it has undergone large-scale deployment in high-threshold enterprise scenarios. Per Frost & Sullivan data based on 2025 revenue, Reconova ranks first in China’s enterprise vision AI product market for civil aviation with an 8.7% market share, and claims the fourth position in both commercial space and driving safety segments.While the three vertical sectors appear disparate, they share a unified underlying vision AI infrastructure. This core advantage enables Reconova to reuse technologies across scenarios and evolve from a single vertical leader into a multi-growth-driver enterprise. To date, the Company’s intelligent products have been deployed at over two-thirds of China’s major hub airports handling tens of millions of annual passengers. Its SINHON business system has landed in more than 60 large shopping malls, and its intelligent driving safety solutions serve over 500,000 freight vehicles.Sustained Scaled Revenue Growth, Star-Studded Pre-IPO ShareholdersBy evolving from pure vision AI to embodied vision intelligence and establishing mature productization and end-to-end delivery capabilities, Reconova has built a full commercial loop covering self-developed algorithms, customized hardware and scenario implementation, generating steady B-end cash flows from its three core business segments.From 2023 to 2025, the Company’s total revenue surged from RMB242.4 million to RMB443.0 million, representing a compound annual growth rate (CAGR) of 35.2%. The combined revenue contribution of intelligent commerce and intelligent driving safety jumped from 42.0% to 61.1%, greatly reducing reliance on a single vertical track. In 2025, gross margins across all three business lines improved: intelligent civil aviation rose from 51.8% to 59.2%, intelligent commerce from 29.9% to 32.0%, and intelligent driving safety from 13.3% to 16.4%.In terms of shareholder structure, Reconova’s Pre-IPO investor roster features international tech giants, state-owned industrial platforms and top-tier industrial funds, including Intel, Greenland Financial Holdings, Shanghai Hongyu Aviation Industry Fund, China Merchants Capital, CITIC Securities Investment, Shenzhen Investment Holdings Capital and SAIF. These investors bring abundant industrial resources and robust capital endorsement, and to further boost confidence among secondary market participants.Under Hong Kong Stock Exchange Listing Rules Chapter 18C for Specialist Technology Companies, Reconova stands out as a rare AI firm with scaled multi-scenario revenue streams. No listed player on Hong Kong’s bourse solely focuses on embodied vision intelligence to date, highlighting its high scarcity value. As disclosed in the Company’s post-hearing information pack, the net proceeds raised from the IPO will be mainly allocated to the R&D and commercialization of vision-language-action (VLA) models and embodied composite robots, the construction of in-house manufacturing bases and supply chains, as well as overseas market expansion. Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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Doubleview Provides Hat Project Development Update as Ongoing Drilling Supports Next Mineral Resource Estimate and Pre-Feasibility Advancement ACN Newswire

Doubleview Provides Hat Project Development Update as Ongoing Drilling Supports Next Mineral Resource Estimate and Pre-Feasibility Advancement

Vancouver, British Columbia--(ACN Newswire via SeaPRwire.com - June 29, 2026) - Doubleview Gold Corp. (TSXV: DBG) (OTCQB: DBLVF) (FSE: 1D4) ("Doubleview" or the "Company") is pleased to provide an update on ongoing technical and development work at its 100%-owned Hat Project in northwestern British Columbia. Following the Company's June 9, 2026 announcement reporting assay results from drill holes H102 to H108, which extended Hat mineralization approximately 150 metres east beyond the known resource envelope, Doubleview is advancing a work program designed to support continued resource growth, technical de-risking and the next phase of project evaluation.The Company's current drilling program remains focused on increasing the size and confidence of the Hat deposit in support of an updated Mineral Resource Estimate ("MRE") currently targeted for early 2027, while also generating information relevant to ongoing Pre-Feasibility Study ("PFS") planning.HighlightsOngoing drilling is focused on expanding the Hat deposit and supporting the next updated MRE targeted for early 2027.The current drill plan is under review and is being optimized to improve efficiency and better align with the Company's MRE and PFS objectives.Doubleview is nearing a final decision on the selection of a metallurgical laboratory following an extensive international review process led by the Company's metallurgical team.Baseline environmental studies have been initiated, and field equipment has been shipped for installation in the coming weeks.The Company is fully funded to carry out its currently planned work programs.Farshad Shirvani, President and CEO of Doubleview Gold Corp., commented:"The results we announced in June marked an important step forward for the Hat Project, and the ongoing drilling program is designed to build on that momentum. With mineralization now extended beyond the previously defined resource envelope, we are increasingly confident that Hat is moving toward the next stage of development. Our immediate objective is to support an updated Mineral Resource Estimate targeted for early 2027 while advancing the technical work necessary for pre-feasibility planning.""At the same time, we are progressing the parallel workstreams required to move a project of this scale forward responsibly and efficiently. These include optimizing the current drill plan, completing metallurgical program planning, initiating baseline environmental studies and maintaining the financial capacity to execute on our objectives.""We also believe the strategic relevance of Hat continues to strengthen. In a market where secure North American sources of critical minerals are becoming increasingly important, Hat's exposure to copper, cobalt and scandium in a Canadian jurisdiction positions the Project as a potentially important long-term contributor to domestic and allied supply chains."Doubleview believes that recent developments in cobalt markets and North American critical minerals policy continue to underscore the long-term strategic value of polymetallic projects located in stable jurisdictions. While Hat remains an exploration and development-stage project, management believes its combination of copper, cobalt, scandium, gold and silver provides important exposure to metals that are increasingly relevant to electrification, industrial resilience and supply chain security.The Company will provide further updates as technical planning advances and key milestones are reached.PEA Snapshot - Hat ProjectAfter-tax NPV(5%) of C$6.73 - C$7.27 billion at consensus metal pricesAfter-tax NPV(5%) of C$13.53 - C$14.85 billion at spot metal prices23% IRR at consensus prices; 32% - 39% IRR at spot prices25-year mine life based on a 120,000 tonnes-per-day processing rate609 Mt Measured & Indicated and 503 Mt Inferred mineral resourcesFirst 10 years average annual production of 74 kt copper, 254 koz gold, 376 koz silver and 2.7 kt cobaltQualified PersonErik Ostensoe, P. Geo., a consulting geologist, and Doubleview's Qualified Person with respect to the Hat Project as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed, and approved the technical contents of this news release. He is not independent of Doubleview as he is a shareholder in the companyAbout Doubleview Gold Corp.Doubleview Gold Corp. is mineral resource exploration and development company headquartered in Vancouver, British Columbia, Canada. It is publicly traded on the TSX-Venture Exchange (TSXV: DBG), (OTCQB: DBLVF), (WKN: LA1W038), and (FSE: 1D4). Doubleview focuses on identifying, acquiring, and financing precious and base metal exploration projects across North America, with a strong emphasis on British Columbia. The company enhances shareholder value through the acquisition and exploration of high-quality gold, copper, cobalt, scandium, and silver projects-collectively critical minerals utilizing cutting-edge exploration techniques.Doubleview's success is deeply rooted in the unwavering support of its long-term shareholders, supporters, and institutional investors. Their ongoing commitment has been instrumental in advancing the company's strategic initiatives. Doubleview looks forward to further collaborative growth and development and continues to welcome active participation from its valued stakeholders as the company expands its portfolio and strengthens its position in the critical minerals sector.On behalf of the Board of Directors,Farshad Shirvani, President & Chief Executive OfficerFor further information please contact:Doubleview Gold Corp Vancouver, BC Farshad Shirvani President & CEO T: (604) 678-9587 E: corporate@doubleview.caDoubleview maintains a website at www.doubleview.ca.NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.Forward-Looking InformationCertain of the statements made and information contained herein may constitute "forward-looking information" within the meaning of applicable Canadian securities laws. Forward-looking statements in this news release include, but are not limited to, statements regarding: the interpretation of drill results; the potential extension of mineralization; the identification and significance of the far east mineralized zone; the potential incorporation of drill holes after H101 into future geological models, Mineral Resource Estimates, Preliminary Economic Assessments or other economic studies; the potential for future conversion of Mineral Resources into higher confidence categories; future drilling plans; future exploration programs; the potential economic significance of scandium, cobalt, copper, gold and silver mineralization; and the continued advancement of the Hat Project.Forward-looking statements are based on assumptions that management considers reasonable at the time they are made, including assumptions regarding geological continuity, future exploration results, metallurgical recoveries, metal prices, availability of financing, regulatory approvals, access to the property, and the Company's ability to complete future technical studies. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those projected. Such risks include, but are not limited to: risks associated with mineral exploration and development; uncertainty of geological interpretation; uncertainty of Mineral Resource estimation; volatility in metal prices; metallurgical and processing risks; permitting and environmental risks; title and access risks; financing risks; equipment availability; First Nations consultation and engagement; and other risks disclosed in the Company's public filings.Except as required by applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/303228 Copyright 2026 ACN Newswire via SeaPRwire.com. 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Regina Miracle FY26 Net Profit Up by 53.9% to HK$280 Million ACN Newswire

Regina Miracle FY26 Net Profit Up by 53.9% to HK$280 Million

Highlights- Resilient Overall Performance: Total revenue reached HK$7,717.7 million for Fiscal 2026, maintaining business stability amid macroeconomic volatility and a polarized consumer market- Continued Robust Performance of VS China, Effective Cost Reduction and Efficiency Enhancement Initiatives: The Group’s net profit grew 53.9% to HK$283.0 million, and basic earnings per share rose to HK23.1 cents- Positive Momentum in Sports Products Segment: Sports products segment revenue rose year-on-year to HK$3,083.4 million, accounting for 40.0% of total revenue, and achieving double-digit growth excluding base effects- Commercial Breakthrough in Core Technology: Proprietary Bonding functional sportswear has officially entered the commercialization stage, expanding high value-added business opportunities while earning recognition from multiple international sports brands- Optimization of Dual-Base Supply Chain Layout: Production capacity layout in China and Vietnam has continued to improve. The relocation of the Shenzhen R&D center to Zhaoqing is largely complete, and overseas production capacity ensures stable production and delivery through operational optimization- Clear Profitability and Financial Planning: To focus on securing “Better & Best” quality orders and optimize order structure, while striving to reduce debt level- Committed to Shareholder Returns: Proposed a final dividend of HK5.3 cents per share, which together with the interim dividend of HK5.7 cents per share, brings the full-year dividend payout ratio to 47.6%HONG KONG, Jun 29, 2026 - (ACN Newswire via SeaPRwire.com) - Regina Miracle International (Holdings) Limited (“Regina Miracle” or the “Company”, together with its subsidiaries, the “Group”) (HKEX: 2199), a leading global intimate wear company boasting an innovative design manufacturer (“IDM”) business model, has announced its annual results for the year ended 31 March 2026 (“Fiscal 2026” or the “Year").Despite macroeconomic volatility and a polarized consumer market, the Group’s revenue for Fiscal 2026 remained stable at approximately HK$7,717.7 million (Fiscal 2025: HK$7,840.0 million). Gross profit amounted to HK$1,739.0 million, representing a gross profit margin of 22.5% (Fiscal 2025: HK$1,832.6 million and 23.4%, respectively). Earnings before interest, taxes, depreciation and amortization (EBITDA) totaled approximately HK$1,143.7 million, with an EBITDA margin of 14.8% (Fiscal 2025: HK$1,057.8 million and 13.5%, respectively). The Group recorded net profit of approximately HK$283.0 million, with a net profit margin of 3.7% for the Year (Fiscal 2025: HK$183.9 million and 2.3%, respectively). Basic earnings per share attributable to owners of the Company was HK23.1 cents (Fiscal 2025: basic earnings per share of HK15.0 cents). Excluding exceptional restructuring costs, adjusted EBITDA was approximately HK$1,382.3 million, and the adjusted EBITDA margin was 17.9% (Fiscal 2025: HK$1,276.3 million and 16.3%, respectively). Adjusted net profit for the Year was approximately HK$590.3 million, with an adjusted net profit margin of 7.6% (Fiscal 2025: HK$402.4 million and 5.1%, respectively).During the Year, the Group maintained a solid financial position, with net current assets of approximately HK$1,806.8 million (Fiscal 2025: HK$1,566.6 million). As at 31 March 2026, total undrawn banking facilities amounted to approximately HK$4,153.9 million (31 March 2025: approximately HK$3,810.2 million). To share the positive results with shareholders, the Board has resolved to recommend the distribution of a final dividend of HK5.3 cents per share for Fiscal 2026 (Fiscal 2025: HK4.3 cents). Together with the interim dividend of HK5.7 cents per share, the total dividend amounts to HK11.0 cents, which is in line with the Group’s dividend policy of distributing no less than 30% of its net profit for the financial year to its shareholders.Mr.YY Hung, Chairman, Chief Executive Officer and Executive Director of Regina Miracle, said, “Over the past year, Regina Miracle has steadfastly implemented its strategy of ‘prioritizing and strengthening core segments’, primarily focusing on four key pillars, namely product innovation, a robust brand portfolio, supply chain resilience and operational efficiency enhancements, to advance its business. We have continued to innovate alongside our brand partners and are encouraged that our proprietary Bonding functional sportswear business has effectively responded to the market’s pursuit of specialized vertical scenarios and refined user experiences, successfully entering the commercialization stage. The Group has also strengthened its supply chain resilience and service capabilities for brand partners. Leveraging our synergistic dual-base layout, we have proactively addressed external challenges and strived to establish a supply chain combining stability, agility, and cost-effectiveness. Meanwhile, we have enhanced efficiency through lean management, thereby reinforcing our development foundation. These multiple measures reflect Regina Miracle’s unwavering determination to consolidate its position as a core supplier to brand partners, and its commitment to creating long-term and sustainable value for all stakeholders.”Business ReviewSustaining competitive advantage in the intimate wear segment, supported by continued strong sales of key collections from the core brand partnerAs the Group's main source of revenue, this business segment contributed approximately HK$4,198.3 million in revenue during Fiscal 2026, accounting for 54.4% of the Group's total revenue. The segment’s gross profit was approximately HK$997.1 million, with a gross profit margin of 23.8%. During the Year, business with the Group’s core brand partner delivered strong performance, particularly in the second half of the fiscal year, with the continued robust sales of the key collections driving up its revenue. The related revenue growth effectively offset the impact of order adjustments by certain international brand partners due to weak market demand and tariff policies.Sports products segment delivers solid performance, with expansion into specialized categories yielding fruitful resultsThis business segment contributed approximately HK$3,083.4 million in revenue for Fiscal 2026, representing a year-on-year increase of 5.1% and accounting for 40.0% of the Group’s total revenue. Segment gross profit was approximately HK$660.3 million, with a gross profit margin of 21.4%. During the Year, the Group targeted the development of specialized sports categories such as running and high-end outdoor sports, driving favorable growth in order revenue from major sports brand partners. Excluding the high-base effect resulting from the launch of sports product lines by a major US intimate wear brand partner last year, the segment delivered sustained double-digit growth. In particular, the Bonding functional apparel business, as the Group’s core development focus, maintained strong momentum, further contributing to the Group’s business growth.Enhancing dual-base supply chain resilience with domestic base consolidation in place and ongoing optimization of overseas capacityIn terms of production capacity layout, the relocation of the Shenzhen R&D center to Zhaoqing was largely completed, with overall operations gradually stabilizing. Corresponding asset write-offs and seniority compensation expenses will be concluded within Fiscal 2027. The Zhaoqing base will continue to uphold the “China for China” strategy, leveraging its rapid response capabilities as well as R&D and manufacturing advantages to precisely meet the agile demands of brand partners in the PRC market.For overseas production capacity, in response to the dual impact of the changing geopolitical landscape and the continuous rise in labor costs driven by the local investment boom, the Group has implemented a series of operational optimization measures during the Year. On one hand, it has reinforced workforce stability; on the other hand, it has coped with order growth by improving production efficiency and arranging compliant overtime, so as to ensure stable production and on-time delivery.During the Year, the Vietnam production base accounted for 83% of the Group's total revenue. As at 31 March 2026, the Group employed approximately 29,000 staff in Vietnam and approximately 6,000 staff in the Chinese Mainland, with the latter contributing 17% of the Group's total revenue.VS China further deepens its localized footprint, contributing steadily to the Group’s IDM business growth VS China recorded revenue of approximately HK$2,799.0 million in Fiscal 2026, representing a year-on-year increase of 42.4%. Net profit reached approximately HK$524.5 million, a year-on-year increase of 512.7%. The Group holds a 49% equity interest in VS China, and its share of net profits of associates accounted for using the equity method was HK$257.0 million for the Year. During the Year, VS China sustained robust growth momentum, primarily attributable to the continuous enhancement of brand awareness in the PRC market, as well as its long-term strategic deployment in localized merchandising and marketing initiatives. These efforts have optimized the consumer experience and solidified the brand image in the local market, delivering a steady incremental contribution to the Group’s IDM business.Focusing on High-Quality Orders to Drive Core Business Performance; Navigating Macro Uncertainties with Prudence while Enhancing Operational Efficiency to Solidify Competitive Advantages and Create Long-Term Shared ValueThe global macroeconomic and geopolitical environment is expected to remain challenging. In particular, recent fluctuations in oil prices caused by geopolitical conflicts have directly impacted energy and raw material costs across the industry’s supply chain. Additionally, the risk of exchange rate volatility arising from the anticipated appreciation of RMB will add further uncertainty to companies’ operating costs. In the apparel consumer market, demand is generally evolving toward more granular segmentation, enhanced precision, and a heightened focus on specialized experiences. Consumers are attaching increasing importance to product functionality, comfort, and quality-driven value, prompting brands to refocus on in-depth product innovation and pursue a differentiation strategy to stand out from their peers. This trend is fueling particularly strong growth in niche segments such as professional sports and outdoor apparel. As global brands place increasingly stringent demands on supply chain reliability, product innovation, and rapid response capabilities, the competitive advantages of leading supply chain enterprises that possess scalable manufacturing capacity, global presence, and robust R&D capabilities will become more pronounced. In the face of an evolving industry, Regina Miracle will continue to deepen its craftsmanship and technological innovation, optimize production capacity allocation, and actively seize opportunities arising from industry consolidation.Elevate the Bonding apparel business and steadily expand the professional sports marketLeveraging the technical expertise and development momentum gained from its proprietary Bonding craftsmanship, the Group has not only continued to fuel the growth of its foundational core businesses of intimate wear and sports bras, but also successfully extended this technical advantage into the professional sportswear segment and achieved breakthroughs. Its competitive edge has now been recognized by major brand partners, with partnerships expanding from emerging brands to various international sports brands. Looking ahead to the next three to five years, the Group will focus on the demand for affordable premium Bonding sportswear, striking a balance between order scale and operating efficiency, and further expanding the economies of scale for high value-added products. This business is expected to serve as a sustained growth engine, propelling steady enhancements in overall performance.Focus on “Better & Best” positioning, optimize production capacity structure and restore profitabilityThe Group will further strengthen the synergistic operations of its dual production bases in China and Vietnam to comprehensively enhance its operational agility and risk resilience. With regard to overseas production capacity, operations in Vietnam consistently maintain a solid level of profitability overall. As for domestic production capacity, the Zhaoqing production base will focus on expanding its business scale to effectively amortize upfront fixed costs and strengthen its profit model. Overall, the Group will allocate core capacity towards orders that align with its “Better & Best” positioning, and steadily restore and enhance overall profitability by optimizing its order structure.Prudently evaluate capital allocation and adhere to three-year debt reduction targetHaving passed the peak of capital expenditure, the Group will maintain a prudent approach when evaluating capital allocation to respond to market opportunities. During the Year, the Group repaid a portion of its bank borrowings. While balancing shareholder returns, the Group will continuously endeavor to reduce its debt level to enhance financial robustness.Actively implement decarbonization targets and pioneer a sustainable futureSince establishing the “2030 Sustainable Development Goals”, Regina Miracle has consistently integrated environmental, social and corporate governance (ESG) principles into its core operations, with a focus on the four key areas of carbon reduction, waste management, sustainable innovation, and people and community. During the year, the Group's short-term, medium-term, long-term and net-zero greenhouse gas (GHG) emission targets were officially approved and validated by the Science Based Targets initiative (SBTi), marking steady progress towards its vision of achieving net-zero emissions by 2050.Mr. Hung concluded, “Looking ahead to Fiscal 2027, while there remain numerous uncertainties in the business environment and consumer market, the Group notes that industry-wide inventory levels have improved compared with last year, and the market is gradually returning to rationality. Regina Miracle will continue to optimize the allocation of its R&D resources, leverage its integrated strengths, including innovative craftsmanship, to strengthen the development of its core businesses. Going forward, it will strategically focus its core production capacity on quality orders that align with its “Better & Best” positioning, and drive high-quality business growth by optimizing the order structure while maintaining economies of scale. Meanwhile, the Group will continue to advance automation upgrades and craftsmanship innovation to comprehensively enhance operational efficiency and steadily restore profitability, ensuring its long-term, resilient and sustainable development.” About Regina Miracle International (Holdings) Limited (HKEX: 2199)Founded in Hong Kong in 1998, Regina Miracle International (Holdings) Limited is a global leader in the intimate wear manufacturing industry. By adopting an innovative design manufacturer (“IDM”) business model and building on a diverse technology matrix with three core technologies: computer aided mold design and production, 3D compression molding, and seamless bonding, Regina Miracle is able to develop and produce market-leading products for its long-standing world-renowned brand partners which cover various key sectors comprising intimate wear (including bras, panties, shapewear), bra pads and other accessory products, sports products (including sports bras, functional sports apparel), and consumer electronics components, and facilitate cross-sector and cross-category applications. Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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CanSinoBIO’s MCV4 Receives Registration Approval in Argentina, Further Expanding International Presence in South America

HONG KONG, Jun 29, 2026 - (ACN Newswire via SeaPRwire.com) - On June 25, CanSino Biologics Inc. (SSE: 688185, HKEX: 06185) announced that the Company's ACYW135 Meningococcal Polysaccharide Conjugate Vaccine (CRM197) (the "MCV4", trade name: Menhycia(R)) has recently received the drug registration certificate granted by the Administración Nacional de Medicamentos, Alimentos y Tecnología Médica (ANMAT) of Argentina.This approval represents another important milestone in the international development of CanSinoBIO's innovative vaccine products and further strengthens the Company's presence in South America. It also reflects the effectiveness of the company's internationalization strategy as it advances deeply into diversified cooperation models, including technology transfer, intermediate product supply, and finished product supply.Notably, Argentina was selected based on its favorable market fundamentals and strategic importance. According to market research firm Grand View Research, Argentina's meningococcal vaccine market was valued at approximately USD 43.8 million in 2025 and is projected to reach USD 74.6 million by 2033, representing a compound annual growth rate (CAGR) of 6.3% [1]. The introduction of Menhycia(R) aligns with growing regional demand for high-quality vaccines and is expected to improve access to meningococcal immunization in the country.Menhycia(R), the first quadrivalent meningococcal conjugate vaccine approved in China, has demonstrated significant clinical advantages in preventing meningococcal disease caused by Neisseria meningitidis serogroups A, C, Y, and W135. The vaccine provides stronger immune responses, longer-lasting protection, and the ability to reduce bacterial carriage. Currently, it is approved for use in children aged 3 months to 6 years (83 months) in China.Concurrently, CanSinoBIO has completed clinical studies for age expansion of Menhycia(R) to cover individuals aged 7 to 59 years and has obtained the clinical summary report. The company is actively pursuing supplementary applications, which are expected to further broaden the product's target population coverage.From a global public health perspective, meningococcal meningitis is a severe infectious disease characterized by rapid onset and severe progression, posing significant health risks, particularly to infants and children [2] . According to the World Health Organization's Defeating Meningitis by 2030: A Global Road Map, by 2030, the world aims to reduce vaccine-preventable bacterial meningitis cases by 50% and deaths by 70% [3] compared with 2015 levels. Against this backdrop, a significant supply gap for innovative vaccines remains. As Asia's first quadrivalent meningococcal conjugate vaccine, Menhycia's international expansion aligns with the WHO's meningitis prevention and control agenda.More broadly, CanSinoBIO is transitioning from exporting individual products to delivering technology, manufacturing know-how, and production capabilities to international markets. The company has identified Southeast Asia, the Middle East, North Africa, and South America as key markets, advancing its internationalization through diversified cooperation models such as technology transfer, intermediate product supply, and finished product supply.ConclusionAs demand for upgraded meningococcal vaccines continues to grow alongside the steady expansion of the South American market, CanSinoBIO is accelerating the international commercialization of its key products while broadening its global market presence.For investors, the significance of this latest milestone extends beyond the overseas approval of a single product. It further demonstrates the company's growing synergies across innovation, regulatory registration, manufacturing and supply capabilities, and commercialization. The progress also provides additional validation of CanSinoBIO's globalization strategy and valuable experience for the future international expansion of its innovative product portfolio.References[1]:Argentina Meningococcal Vaccines Market Size & Outlook https://www.grandviewresearch.com/horizon/outlook/meningococcal-vaccines-market/argentina[2]:Chinese Preventive Medicine Association. Expert consensus on immunization with meningococcal vaccines in China(2023 version). Chin Prev Med, 2023, 24(2):81-92. [Chinese][3]:Defeating Meningitis by 2030: A Global Road Map, World Health Organization. https://www.who.int.initivaties/defeating-meningitis-by-2030 Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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HKTDC’s Fashion Hong Kong Paris promotion concludes successfully ACN Newswire

HKTDC’s Fashion Hong Kong Paris promotion concludes successfully

HONG KONG, Jun 29, 2026 - (ACN Newswire via SeaPRwire.com) - Organised by the Hong Kong Trade Development Council (HKTDC) with Hong Kong Air Cargo Terminals Limited (Hactl) as strategic partner, the Fashion Hong Kong promotion in Paris concluded successfully yesterday on the final day of Paris Men’s Fashion Week Spring/Summer 2027 (24–28 June). Through a series of focused activities, including a professional showroom and networking reception, the campaign showcased the dynamism of Hong Kong design to the international fashion community, while creating opportunities for local brands to expand globally and reinforcing Hong Kong’s role as an East-meets-West centre for cultural exchange.Held at Paris’s renowned fashion landmark Rue de la Paix, the showroom featured Hong Kong designer brands presenting their Spring/Summer 2027 collections, covering apparel and fashion accessories. The showcase attracted buyers, media and industry professionals from Europe and around the world, facilitating business matching and partnership discussions to help brands tap into international market opportunities. Hong Kong designer labels MARCCH and Matter Matters also unveiled pieces created in collaboration with Paris-based artist Yaz Bukey, highlighting the creative exchange between Hong Kong and French designers.The networking reception held on 27 June attracted around 200+ fashion industry professionals, buyers and media representatives, sparking vibrant conversations and providing valuable opportunities for Hong Kong designers to expand their international networks. A “Hong Kong Fashion Night dinner” held on the same day further strengthened connections with the global fashion community, laying a solid foundation for brands to expand into overseas markets.Cross-sector collaboration supporting Hong Kong brands to go globalThis promotion marked the first cross-sector collaboration between the HKTDC and Hactl. Recognised as a leader in sustainability and innovation in Hong Kong, Hactl not only provided strong backing for this creative campaign but also lent its expertise in air cargo logistics and sustainability. Together with the HKTDC’s global network, the partnership empowers Hong Kong brands to expand internationally and explore new opportunities worldwide.Amid global trends emphasising speed, connectivity and sustainability in the fashion industry, this collaboration demonstrates how Hong Kong adopts innovative approaches to integrate creativity, commerce and professional services, supporting local brands in expanding their international footprint while responding to global expectations for sustainable development. The collaboration also reflects the strong support of Hong Kong enterprises for emerging design talent, and, under the leadership of the HKTDC, helps Hong Kong design go global and capture international opportunities.Mr Chris Lo, Regional Director, Europe, Central Asia & Israel, HKTDC, said: “This collaboration reflects Hong Kong’s unique strengths in combining creativity with connectivity. By partnering with Hactl, we are not only showcasing our designers’ talent but also demonstrating how Hong Kong’s logistics excellence and sustainability leadership can support the global fashion industry in new and meaningful ways,”Mr Frosti Lau, Chief Executive of Hactl, said: “Fashion is global, fast-moving, and increasingly driven by sustainability. Our collaboration with the HKTDC at Paris Fashion Week highlights how air cargo supports the fashion industry, celebrates the innovation and creativity of Hong Kong designers, as well as promotes sustainability in both the fashion and air cargo industries. At Hactl, we drive energy efficiency, reduce emissions, and promote circular practices through zero-waste uniform upcycling and the use of eco-friendly materials across our operations.”Launched in 2015, Fashion Hong Kong is dedicated to promoting Hong Kong designers’ participation in major fashion events across cities including New York, London, Paris, Copenhagen, Tokyo, Seoul and Shanghai. Through promotions across different markets, the initiative supports local brands to connect with global buyers and industry players, expand into Chinese Mainland and overseas markets, and strengthen their international presence.Photo download: https://bit.ly/44Cl7z2The Fashion Hong Kong Paris showroom brought together Hong Kong designer brands, showcasing their Spring/Summer 2027 collections to international buyers and industry professionals, supporting local fashion brands to expand into global markets.Participating Hong Kong fashion designers included Flora Leung (first row, second from left) (Brand: MATTER MATTERS), Andrea Lau (first row, third from left) (Brand: Kinks Lab), Logan Chan (first row, fourth from left) (Brand: PabePabe), and Simpson Ma and Jovy Hon (first row, first and fourth from right) (Brand: SWEETLIMEJUICE). Harrison Wong (second row, second from left) (Brand: Harrison Wong), Louis Chow (second row, second from right) (Brand: MARCCH) and Sing Chin Lo (second row, first from right) (Brand: PLOTZ).This marked the first cross-sector collaboration between the HKTDC (left, Mr Chris Lo), and Hactl (right, Mr Frosti Lau), jointly showcasing Hong Kong design on an international stage.Introductions to the Hong Kong designer brands participating in Fashion Hong Kong:Louis ChowBrand: MARCCH(Collaboration with Yaz Bukey)SS27 Collection: “Decay”The SS27 collection “Decay” is about the abstract beauty of Intentionally ambiguous. Inspired by Patrick Thomas, the graphic artist from his “PULP series”, this particular series interact with “randomly sourced daily newsprint – the traditionally respected source of factual information – where layers were found, drawn and code-generated graphic forms in an aleatory way utilising the mechanical process of silkscreen printing”.Flora LeungBrand: Matter Matters(Collaboration with Yaz Bukey)Collection showcased: The Not-So-Creative Collection: Mixed FeelingsThe Not-So-Creative Collection: Mixed Feelings is Matter Matters' most character-driven collection to date — a series of structured leather handbags, each defined by a distinct emotional identity expressed through the brand's signature geometric hardware face.Five emotional archetypes anchor the collection: HEARTS (the hopeless romantic), COLD (deadpan, emotionally unavailable), WEALTHY (unapologetically greedy), SOLITARY (completely over it), and DECO (the art-school minimalist). Each bag carries its own advertising title — The Hopeless-Romantic Bag, The Out-Of-Office Bag, The Show-Me-The-Money Bag — written in the same dry, self-aware voice that has become the brand's hallmark.The collection is presented through an internationally-focused campaign that pairs deadpan editorial photography with witty one-liner copy, positioning each bag not as a product but as a personality. It is a collection for people who carry their feelings — just not on their sleeve.Bettie JiangBrand: Bettie Haute CoutureCollection showcased: Palette of VariationPalette of Variation, the 6th collection following Bauhaus, merges geometric style with zero-waste cutting. Inspired by kinetic construction, these fluid, sustainable pieces maximize fabric to offer functional, body-liberating fashion.Harrison WongBrand: Harrison WongSS27 Collection: Interwoven KineticsThis collection creates a profound collision between weaving craftsmanship and modern architectural lines. Centered around HARRISON WONG’s signature Modern Tailoring, soft and organic fibrous lines are deconstructed and transformed into contemporary menswear defined by geometric order and visual tension.Andrea Lau & Sam ChanBrand: Kinks LabSS27 Collection: Undefined"Claim the Spotlight, Wear Your Own Definition."In the glare of imaginary spotlights — where expectations converge and shadows of judgment sharpen — undefined emerges as an act of architectural defiance. This collection refuses external blueprints, it hands the drafting tools back to the wearer.Drawing from the precision of 3D technology and the soul of artisanal craftsmanship, each piece is conceived as a modular structural system. Beyond creative wearability and multiple styling configurations, "Undefined" introduces kinetic intelligence with movable joints integrated into the designs, allowing every element to flow and respond organically to the motion of the human body. A pendant gently shifts its geometry with your stride. Earrings dance in perfect sync with your gestures. Rings articulate with every subtle turn of the hand. The jewelry no longer sits static upon you — it moves with you, becoming an extension of your living architecture."Undefined" invites you to occupy the center on your own terms — turning spotlight pressure into radiant possibility.Logan Chan & Liu XingBrand: PabePabeCollection showcased:This season, we present Held in Gesture — a study of the hands in play.Inspired by the intimate movements of musicians and the quiet precision of instrumental details, the collection translates rhythm, tension, and sculptural form into bags designed to be held, shaped, and performed.Singchin LoBrand: PLOTZCollection showcased:Sing reimagined Hactl’s frontline uniforms through a sustainable lens, marking the first redesign in over two decades. Guided by staff insights and real-world testing, the new uniforms balance comfort, safety and performance. They incorporate recycled materials, such as fibres made from plastic bottles, alongside breathable, moisture-wicking, anti-static and reflective features, while embedding circular thinking into design, operations and future upcycling possibilities.Simpson Ma & Jovy HonBrand: SWEETLIMEJUICECollection showcased:SWEETLIMEJUICE’s SS27 collection expands Eryn and Gem-Mosaic — organic stacked silver settings and fluid, spiked bezel forms — through a nue-punk lens informed by ancestral adornment traditions. Now set with laboratory-grown sapphire and diamond, the pieces resist uniformity, carrying cultural weight through craft memory and unapologetic non-conformity.WebsitesFashion Hong Kong: www.fashionhongkong.comFashion Hong Kong Instagram: @hktdcfashionhkHKTDC Newsroom: http://mediaroom.hktdc.com/enMedia enquiriesHKTDC's Communications and Public Affairs Department:Navin LawTel: (852) 2584 4525Email: navin.cm.law@hktdc.orgAbout Fashion Hong KongFashion Hong Kong is a series of international promotional events organised by the Hong Kong Trade Development Council (HKTDC) to promote Hong Kong fashion designers and labels in the global fashion arena. Since 2015, Fashion Hong Kong has actively participated in international fashion weeks and renowned events to showcase Hong Kong's unique and diverse designs. Previous event locations include New York, London, Milan, Paris, Copenhagen, Tokyo, Seoul and Shanghai.About HKTDCThe Hong Kong Trade Development Council (HKTDC) celebrates its 60th anniversary this year. The HKTDC is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With over 50 offices globally, including 13 in the Chinese Mainland, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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Crealights Lists on HKEX, Focused on Building a Silicon Photonics Moat for AI Computing

HONG KONG, Jun 29, 2026 - (ACN Newswire via SeaPRwire.com) - On 29 June, Crealights Technology Co., Ltd. (hereinafter referred to as “Crealights”, 1191.HK) was officially listed on the Main Board of the Hong Kong Stock Exchange. At a pivotal moment when AI computing infrastructure is transitioning from "single-point cluster expansion" to "high-speed interconnection and global-scale collaboration", this optoelectronic interconnection company—a pure-play AI business built on silicon photonics (“SiPh”) foundation—has made a powerful impression on global capital markets by showcasing its formidable technological strengths.For its IPO, Crealights secured six high-caliber cornerstone investors: JSC International Investment Fund SPC (acting for and on behalf of Jingxin SP), Winwin Technology, Kingsoft Cloud Network, UBS AM Singapore, Perseverance Asset Management and E Fund, with a total subscription amount of HK$763 million. This line-up comprises state-owned industrial platforms, industry chain partners, leading international asset managers and a leading domestic public fund manager. This diverse capitals provide more than just capital; it offers a powerful endorsement of Crealights’ technological edge and growth potential, validating its industry synergies, global brand appeal, and long-term value.Technical barriers: Full-stack SiPh capabilities that are rare on a global scaleIn optical communications, SiPh is widely recognized as the core next-generation technology for high-speed optical interconnection. By utilizing CMOS-compatible processes, it offers the cost advantages of high integration, low power consumption and large-scale mass production, making it ideally suited to the stringent requirements of AI computing clusters for high bandwidth and low power consumption. However, the barriers to entry for SiPh are extremely high. From device library design and wafer-level testing to packaging, coupling and optical transceiver calibration, the technology requires overcoming multidisciplinary hurdles spanning materials science, optoelectronic devices, high-frequency design and advanced packaging. Globally, there are only a handful of manufacturers that truly possess end-to-end autonomous capabilities, from chips to modules.Crealights is one of these select pioneers. Its core competitiveness lies in having established one of the world’s few full-stack SiPh technology capabilities - spanning the entire value chain from underlying SiPh PDK design to optical transceivers and finished NPO products, all developed in-house. According to Frost & Sullivan, the company is one of the few in the world to possess both SiPh chip design and module mass production capabilities, and is also among the first in China to achieve mass production of self-designed SiPh chips on a 12-inch wafer platform.Specifically, Crealights has built up a deep foundation of expertise in SiPh technology across several core areas. In terms of chip design, the company has established its own device libraries and, through closed-loop iteration involving multi-physics simulations and wafer test data, continuously refines the accuracy of device models and manufacturing robustness; in terms of packaging and coupling, it has mastered high-precision optical coupling and thermal management technologies, achieving low-loss, high-reliability integration from chip to module; In terms of manufacturing processes, the “Wafer-In, Module-Out” (WIMO) platform integrates automated wafer testing, back-end processing and module production, enabling end-to-end control of the entire workflow, from wafer input to optical transceivers output, within a digital manufacturing environment, thereby ensuring high yield rates and consistency in mass production. Furthermore, the company has established a system compatibility testing platform, where its products undergo rigorous validation with network interface cards, switches and other equipment from various brands, ensuring reliable performance in multi-vendor, heterogeneous network environments.The vertically integrated capability framework has been directly translated into comprehensive coverage of AI computing interconnection scenarios. Whether it be short-reach AOC within data center, medium- to long-reach pluggable optical transceivers, or NPO/CPO solutions for next-generation cluster architectures, Crealights has already secured its technological position in all such areas. To date, the company has commercialized four SiPh optical transceivers, with its 1.6T SiPh optical transceivers has entered the customer validation phase, whilst development of 3.2T and 6.4T optoelectronic devices is proceeding according to plan.Full-chain collaboration: a closed-loop value chain from wafer fab to cloud service providerFor customers, the value of full-stack capabilities is clear: lower costs, faster iteration, and greater customization. Crealights is delivering on these three points at both ends of the supply chain - securing cost savings and efficiency from upstream wafer fabs, and gaining control over product definition and customer loyalty from downstream cloud providers, thereby establishing a closed-loop, end-to-end ecosystem spanning from SiPh chips to AI data center.At the upstream end of the supply chain, Crealights is achieving scalable production and cost advantages through deep collaboration with leading wafer fabs. Its SiPh chips adopt a “less-change CMOS” design that enables them to share production capacity on 12-inch production lines with traditional CMOS integrated circuits, eliminating the high capital expenditure associated with dedicated fabrication lines. According to Frost & Sullivan, this model reduces the manufacturing cost of SiPh chips by 30% to 40% compared with overseas tape-out and lowers the overall cost of SiPh optical transceivers by 20% to 30% compared with competing products.From front-end chip definition to back-end testing and verification, the company has established an integrated, collaborative system encompassing design, manufacturing and testing, creating a data-driven closed-loop feedback and optimization process. The efficiency of product iteration has increased three to five times compared to traditional models, and the research and development (“R&D”) and mass production cycle has been significantly shortened, providing a solid foundation for the continued evolution towards higher-speed SiPh optical transceivers, including 3.2T and 6.4T.Downstream in the supply chain, the company has established strong customer loyalty and high barriers to market entry through the JDM (Joint Design and Manufacturing) model. During the track record period, Crealights has become a key supplier to several leading Chinese internet companies, with its products widely deployed in their AI data centers. In 2025, the JDM model contributed revenue of RMB552 million, accounting for 45.3% of total revenue.The rapid evolution of AI computing clusters has led to ever-increasing demands from leading customers regarding performance, cycle times and customization, making the JDM model the mainstream approach. Crealights is becoming deeply embedded within customers’ R&D processes, enabling it to identify cutting-edge AI application requirements at an early stage and drive rapid product optimization through iterative development; simultaneously, following rigorous validation and large-scale deployment by leading internet customers, the company’s brand reputation continues to improve, further consolidating its position within the supply chain. This model of deeply integrated collaboration creates extremely high switching costs for customers, establishing a long-term and stable revenue base for the company.Growth momentum: profit elasticity and certainty in high-growth tracksFinancially, Crealights is on a robust growth trajectory. Its revenue surged from RMB175 million in 2023 to RMB1.221 billion in 2025, representing a two-year compound annual growth rate (“CAGR”) of 164%. Whilst the Company remained in a net loss position due to proactive strategic transformation and sustained heavy investment in R&D, its gross profit margin turned positive, rising from -17.9% in 2023 to 9.0% in 2025. The gross profit margin from overseas markets reached as high as 28.0%, substantially exceeding the 6.9% recorded for the domestic market, which demonstrates substantial room for future profit elasticity. As high-speed products of 800G and above complete overseas customer verification and ramp up in volume, the company’s profitability is expected to achieve material improvement.From an industry perspective, according to Frost & Sullivan, the global AI optical transceivers market is projected to grow from RMB71.8 billion in 2025 to RMB347.5 billion in 2030, corresponding to a CAGR of 37.1%. The penetration rate of SiPh solutions will accelerate alongside the explosive demand for 1.6T and higher-speed products. Backed by full-stack technological barrier, deeply bound customer ecosystem and forward-looking capacity layout, Crealights is well-positioned to continuously consolidate its leading position within this high-growth track.The successful listing on the Hong Kong Stock Exchange has enabled the company to secure ample capital for subsequent capacity expansion, technological R&D and global market penetration, and will significantly elevate its international brand influence and industry clout. Going forward, Crealights will continue to focus on SiPh chips and optoelectronic integration technologies, accelerate the commercialization of next-generation products including 1.6T, 3.2T and NPO/CPO, and fully advance its global market layout. Amid the prevailing trend of continuous upgrading of AI computing infrastructure, Crealights’ full-stack technological barrier and unwavering strategic focus merit long-term market attention and expectations. Copyright 2026 ACN Newswire via SeaPRwire.com. 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Everest Medicines Announces NMPA Acceptance of the BLA for LEROCHOL(R), Offering a Potential New Treatment Option for Hypercholesterolemia in China ACN Newswire

Everest Medicines Announces NMPA Acceptance of the BLA for LEROCHOL(R), Offering a Potential New Treatment Option for Hypercholesterolemia in China

HONG KONG, Jun 26, 2026 - (ACN Newswire via SeaPRwire.com) - June 26, 2026, Everest Medicines today announced that China’s National Medical Products Administration (NMPA) accepted the Biologics License Application (BLA) for LEROCHOL(R) (lerodalcibep), a third-generation PCSK9 inhibitor, for subcutaneous use as an adjunct to diet and exercise to reduce low-density lipoprotein cholesterol (LDL-C) in adults with hypercholesterolemia, including heterozygous familial hypercholesterolemia (HeFH). The on-schedule acceptance underscores the Company's disciplined execution of its clinical and regulatory strategy, and marks another key R&D milestone for 2026.LEROCHOL(R) is a novel, third-generation small recombinant fusion protein therapeutic agent comprised of a proprotein convertase subtilisin/kexin type 9 (PCSK9)-binding domain (Adnectin) and human serum albumin (HSA) with an approximate molecular weight of 77 kDa and binds PCSK9 with picomolar affinity. The recommended dosage of LEROCHOL(R) is 300 mg administered subcutaneously once monthly. LEROCHOL(R) may be kept at room temperature up to 25°C for up to 3 months prior to use. These features make LEROCHOL(R) a unique alternative to other PCSK9 inhibitors.It is worth noting that CVD remains the leading cause of death globally and in China. Extensive studies have confirmed that LDL-C is one of the most critical and modifiable risk factors for atherosclerotic cardiovascular disease (ASCVD). It has been identified as the primary intervention target for ASCVD prevention and treatment in both domestic and international lipid management guidelines. Despite the availability of existing lipid-lowering therapies, many patients with or at risk of CVD, including those with familial hypercholesterolemia (FH), still fail to achieve updated guideline-recommended LDL-C targets, highlighting the urgent need for more innovative treatment options. Despite an estimated 400 million individuals in China with dyslipidemia, only around 14% receive lipid-lowering treatment, reflecting low penetration and significant unmet medical need.“The NMPA’s acceptance of the BLA for LEROCHOL(R) brings renewed hope to patients,” said Professor Yong Huo, the leading principal investigator, Chief Cardiology Expert from Peking University First Hospital. “Results from the Phase 3 clinical trial demonstrated that Lerodalcibep significantly reduced LDL-C with a favorable safety and tolerability profile in Chinese patients with hypercholesterolemia. Its convenient monthly, single small-dose subcutaneous regimen, and up to 3-month room temperature stability address a significant unmet need in long-term lipid management for patients at home or during travel. We hope LEROCHOL(R) will soon be available to more patients.”“The BLA acceptance by the NMPA represents a significant step toward the commercialization of LEROCHOL(R) in Greater China,” said Mr. Rogers Yongqing Luo, Chief Executive Officer of Everest Medicines. “As a potential best-in-class PCSK9 inhibitor, LEROCHOL(R) offers a novel treatment option with its robust lipid-lowering efficacy and favorable safety. It also provides extended room-temperature stability, enabling more convenient storage and travel, and supporting long-term lipid management at home. With the potential for approval in mainland China in 2027, we will continue to expand access to LEROCHOL(R) across Greater China, helping more patients benefit from this innovative therapy.”The application is based on results from multiple global clinical trials as well as Phase 3 clinical trial in China. In global clinical trials, LEROCHOL(R) demonstrated sustained LDL-C reductions of ≥60% in patients with, or at very-high or high risk of CVD and 59% in those with HeFH who have more severe LDL-C elevations. Results from the Phase 3 clinical trial of LEROCHOL(R) in China showed that LEROCHOL(R) significantly reduces LDL-C levels. Mean placebo adjusted LDL-C reductions from baseline in the co-primary end-points, were 65.9% at week 12 and 67.0% for the mean of weeks 10 and 12. Over 95% of participants on LEROCHOL(R) achieved dual Chinese lipid management guideline LDL-C targets.The U.S. Food and Drug Administration (FDA) has approved LEROCHOL(R), and it is currently under regulatory review by the European Medicines Agency (EMA).From the perspective of the Company’s overall strategic roadmap, the acceptance of the BLA for LEROCHOL(R) marks an important milestone in Everest Medicines’ continued efforts to deepen its strategic presence in the cardiovascular, kidney and metabolic (CKM) disease area. It will further enrich the Company’s innovative portfolio in the CKM field and provide a new growth driver for future commercialization. The timely acceptance of the BLA once again demonstrates the Company’s disciplined execution capabilities in advancing its established clinical and regulatory strategy. Looking ahead, Everest Medicines will continue to steadily advance the regulatory and commercialization process for LEROCHOL(R) in Greater China, with the goal of bringing this innovative treatment option to patients as early as possible and further strengthening the Company’s overall competitiveness in the CKM field. Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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PT Merdeka Gold Resources Tbk Debuts on the Main Board of HKEX with a Secondary Listing ACN Newswire

PT Merdeka Gold Resources Tbk Debuts on the Main Board of HKEX with a Secondary Listing

HONG KONG, Jun 26, 2026 - (ACN Newswire via SeaPRwire.com) - PT Merdeka Gold Resources Tbk (“Merdeka Gold Resources”, “MGR” or the “Company”; IDX: EMAS), the owner and operator of the Pani Gold Mine and a majority-owned subsidiary of PT Merdeka Copper Gold Tbk (“MDKA” or the “Group”; IDX: MDKA), has completed its secondary listing on the Main Board of The Stock Exchange of Hong Kong Limited (“HKEX”) in the form of Hong Kong Depositary Receipts (“HDRs”) and officially commenced trading today under stock code 6228.MGR’s secondary listing on the Main Board of HKEX marks a historic milestone for the Company and represents a breakthrough for Indonesia’s capital markets on the global stage. Despite the prevailing macroeconomic uncertainties, the successful completion of this cross-border Public Offering underscores MGR’s robust business resilience and disciplined execution capabilities. By clearing the rigorous regulatory, corporate governance, and disclosure requirements of one of the world’s leading international financial centers, MGR has gained international validation that extends beyond typical emerging-market benchmarks. Meanwhile, this achievement reflects the confidence that sophisticated international investors have in high-quality Indonesian assets with solid fundamentals. As a landmark precedent, this listing is set to inspire more Indonesian enterprises with global ambitions, collectively enhancing Indonesia’s competitiveness and standing within the global financial ecosystem.The Hon Christopher HUI, GBS, JP, Secretary for Financial Services and the Treasury and Mr. Santoso KARTONO, President Commissioner of MGR (right).(From left to right)- Mr. Xinyu WANG, Commissioner of MGR- Mr. Suryadinata TANU, Director of MGR- Ms. Christina CHOI, Executive Director of the Securities and Futures Commission- Dr. Kelvin WONG, SBS, JP, Chairman of the Securities and Futures Commission- The Hon Christopher HUI, GBS, JP, Secretary for Financial Services and the Treasury- Dr. Jona Widhagdo PUTRI, Independent Commissioner of MGR- Mr. Santoso KARTONO, President Commissioner of MGR- Mr. Carlson TONG, Chairman of Hong Kong Exchanges and Clearing Limited- Mr. Julian LEE, Deputy Chairman of the HKEX Listing Committee- Ms. Bonnie Y CHAN, Chief Executive Officer of Hong Kong Exchanges and Clearing Limited- Mr. Boyke Poerbaya ABIDIN, President Director of MGR- Ms. Jessica WATTIMENA, Authorized Representative of MGR- Mr. John Mackay McCulloch WILLIAMSON, Independent Commissioner of MGR(From left to right)- Mr. Vincent LIU, CNGR Advanced Material Co., Ltd.- Mr. Xin ZHI, Provident Capital Partners- Mr. Liguo DING, Delong Iron and Steel Industry Group Co., Ltd.- Mr. Xuehua CHEN, Zhejiang Huayou Cobalt Co., Ltd.- Mr. Boyke Poerbaya ABIDIN, President Director of MGR- Mr. Santoso KARTONO, President Commissioner of MGR- Dr. Jona Widhagdo PUTRI, Independent Commissioner of MGR- Mr. John Mackay McCulloch WILLIAMSON, Independent Commissioner of MGR- Mr. Mingqing GAO, Wanguo Gold Group Limited- Ms. Jinzhu GAO, Wanguo Gold Group Limited- Mr. Shizhou YIN, JCHX Mining Management Co., Ltd.(From left to right)- The Hon Christopher HUI, GBS, JP, Secretary for Financial Services and the Treasury- Mr. Santoso KARTONO, President Commissioner of MGR- Ms. Christina CHOI, Executive Director, Corporate Finance of the Securities and Futures Commission (SFC)Mr. Santoso KARTONO, President Commissioner of MGR strikes the gong to mark the Company’s successful listing on the Main Board of HKEX.Dr. Jona Widhagdo PUTRI, Independent Commissioner of MGR delivers a speech.Mr. Boyke Poerbaya ABIDIN, President Director of MGR (right) presents a souvenir to HKEX.About PT Merdeka Gold Resources TbkPT Merdeka Gold Resources Tbk (IDX: EMAS) is an Indonesian gold mining company majority-owned by PT Merdeka Copper Gold Tbk (IDX: MDKA). The Company completed its listing on the Indonesia Stock Exchange in September 2025, as part of the Group’s efforts to optimize its capital structure and improve corporate transparency. MGR’s primary asset is the Pani Gold Mine in Gorontalo, Indonesia, one of the largest primary gold mines in Indonesia, with Mineral Resources of 7.0 million ounces of gold and an estimated mine life of approximately 15 years. Production is supported by a Heap Leach (“HL”) facility with an initial capacity of 8 million tonnes per annum. The Pani Gold Mine commenced initial mining activities in October 2025, achieved first gold production in February 2026, and completed its first gold sales in March 2026. The Company also plans to develop a Carbon-in-Leach (“CIL”) facility, targeting to commence operation in 2028 and scale up to a capacity of 22 million tonnes per annum by 2028, enabling peak production of approximately 545,000 ounces of gold per year by 2031. Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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Tong Ren Tang Healthcare (02667.HK), Targets Hong Kong IPO

HONG KONG, Jun 26, 2026 - (ACN Newswire via SeaPRwire.com) - On June 26, 2026, Beijing Tong Ren Tang Healthcare Investment Co., Ltd. (“Tong Ren Tang Healthcare”) stands on the eve of its Hong Kong listing. Backed by the 357-year-old time-honored brand “Tong Ren Tang”, this TCM healthcare services provider today announced the launch of its Global Offering under the stock code 02667.HK. The Offer Price range is HK$5.48 to HK$6.21 per Share, representing a slight downward adjustment from the previous offering and a corresponding downward adjustment in the fundraising scale of approximately HK$226 million based on the maximum Offer Price, which demonstrates the Company’s more pragmatic pricing strategy in the current market environment. CICC acts as the sole sponsor, and dealings in its shares are expected to commence on July 7. The Global Offering comprises a total of 108,153,500 H Shares, of which 10% are under the Hong Kong Public Offering and 90% under the International Offering. Cornerstone investments account for approximately 46.79% of the offering.The Company launched an offering in March this year. Subsequently, it announced that, after comprehensively considering multiple objective factors including the then-current market environment and overall capital market conditions, and in order to fully protect the interests of investors and safeguard the long-term stable development of its brand, it had decided to postpone the Global Offering and its proposed listing on the Main Board of the Hong Kong Stock Exchange. With the offering now relaunched, the competitiveness of this time-honored brand in the TCM healthcare sector remains compelling. From brand barriers and earnings quality to full-industry-chain synergies and low-cost expansion, Tong Ren Tang Healthcare has accumulated advantages that form a solid foundation for its long-term development.The First Listed TCM Group: 0.16% Promotion Expense Ratio Far Below Peers, with 20.5% Annual Membership GrowthTong Ren Tang is one of China’s few national brands with a history of more than three centuries. As the only subsidiary of TRT Group strategically focused on TCM healthcare services, Tong Ren Tang Healthcare combines the essence of traditional Chinese medicine with modern healthcare management services. Through standardized chain operations and modernized management systems, it provides one-stop, customized TCM healthcare services.The power of the brand is most directly reflected in customer acquisition costs. According to its prospectus, in 2025, the Company's promotion expenses (included in selling and distribution expenses) were RMB1.844 million, representing a promotion expense ratio of just 0.16%, significantly lower than the industry average of 0.5% to 2.0%. While other companies spend heavily to acquire customers, Tong Ren Tang naturally attracts organic traffic. This brand premium is the result of centuries of accumulation and represents a barrier that is difficult for any competitor to replicate.In terms of market position, based on total out-patient and in-patient visits in 2025, Tong Ren Tang Healthcare ranked first in China’s non-public TCM hospital healthcare service industry, with a market share of 1.5%. The cumulative number of members grew from 530,691 in 2023 to 770,174 in 2025, representing a CAGR of 20.5%. In an extremely fragmented TCM healthcare services market, securing the leading position itself demonstrates the power of the Company’s brand heritage being fully realized.Pioneer in Tiered Healthcare: Total Patient Visits Jump 94% in Two Years, with Customer Return Rate as High as 86%The Company is one of the pioneers in deploying a tiered, online-offline integrated healthcare network. Benefiting from the synergies of this network, total patient visits grew by 94% in two years, from 1.78 million in 2023 to 3.45 million in 2025. Moreover, the Company demonstrates extremely high customer stickiness. For example, its SXT Hospital recorded a customer return rate as high as 86.0% in 2025, indicating exceptional brand loyalty and service recognition. The Company’s offline medical institutions are operating in an orderly manner, its service network continues to expand across core city clusters, and its Internet healthcare services are advancing steadily. Core businesses such as chronic disease management, post-operative rehabilitation and TCM wellness are highly recognized by the market.Reaching Replicable Growth: Stable Revenue around RMB1.17B and RMB120M in Operating Cash Flow Build Virtuous CycleFinancial data provides the most compelling evidence. For the years ended December 31, 2023, 2024 and 2025, the Company’s revenue remained stable at RMB1.153 billion, RMB1.175 billion and RMB1.171 billion, respectively. The Company's operating cash flow has remained in net inflow, reaching approximately RMB120 million in 2025, with a stable gross profit margin of 18.9%. As of December 31, 2025, cash and cash equivalents stood at approximately RMB287.7 million. These figures depict a company that has moved beyond the validation stage and entered a virtuous cycle of “growth and profitability.”Full-Industry-Chain Synergies: 13 Self-owned + 13 Managed Medical Institutions with a Proprietary Supply ChainTong Ren Tang Healthcare benefits from the industrial barriers built by TRT Group across the full TCM industry value chain. Its self-owned healthcare service network covers hospitals, out-patient healthcare centers, clinics and community healthcare institutions. When combined with Tong Ren Tang’s nationwide pharmacy and clinic network, the density of institutions and service capacity could expand exponentially. The Company has begun providing online healthcare services through its self-owned Internet hospital for Tong Ren Tang’s offline pharmacies and physicians, with nationwide coverage. In addition, leveraging the resources of the Group, the Company obtained the exclusive right in January 2024 to sell the Tong Ren Tang-branded Angong Niuhuang Pills series to retailers in Zhejiang province. This “pharmaceuticals–retail–healthcare” full-industry-chain synergy represents a formidable structural advantage that pure-play healthcare service providers can hardly match.Trillion-RMB Market Opportunity: TCM Service Market Reached RMB1.07 Trillion in 2025, to Reach RMB1.69 Trillion by 2030From an industry fundamentals perspective, the Frost & Sullivan report shows that the market size of China's TCM healthcare service industry reached RMB1,072.1 billion in 2025 and is projected to grow to RMB1,690.6 billion by 2030, at a CAGR of 9.5%. By total TCM healthcare service revenue in 2025, this market represents a significant portion of China's healthcare expenditure. Benefiting from both policy support and market demand, the TCM healthcare sector is regarded as one of the core tracks of the “silver economy.” Furthermore, the concentration of China's non-public TCM healthcare service industry is extremely low, with the top five players accounting for only 5.4% of the market share. This implies that Tong Ren Tang Healthcare, as a sector leader with brand advantages and scalable operations, naturally possesses a first-mover and market integration advantage.ConclusionWith population aging accelerating, with the number of people aged 60 and above exceeding 320 million, and national policies strongly supporting the integrated healthcare industry, the TCM-featured healthcare sector enjoys broad prospects and significant potential. Tong Ren Tang Healthcare possesses unique brand barriers, a mature business model and vast market demand. Its long-term fundamentals are solid, its growth logic is clear, and the ecosystem value created by its brand premium and Group-level industry-chain synergies has yet to be fully priced in. For this 357-year-old time-honored brand, listing is an important opportunity for development—not the final destination.Reprinted from Ejinsight. Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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