‘Doomsday: Last Survivors’ Unleashes Growth Potential as Gross Billings Hit Record Highs ACN Newswire

‘Doomsday: Last Survivors’ Unleashes Growth Potential as Gross Billings Hit Record Highs

2026 Interim Financial Highlights and 2H26 Outlook of IGG Inc:- The Group’s revenue for the first half of 2026 reached approximately HK$2.9 billion, representing a year-on-year increase of 6% and a half-on-half growth of 4%. Notably, the mid-generation title “Doomsday: Last Survivors” achieved breakthrough results with record-breaking monthly and quarterly gross billings, contributing approximately HK$700 million in revenue—a remarkable 33% jump year-on-year. The Group’s other mid-generation title, “Viking Rise”, contributed approximately HK$350 million to total revenue. Meanwhile, the APP Business also maintained its growth trajectory, generating approximately HK$570 million in revenue, up 7% year-on-year. “Lords Mobile”, IGG’s flagship title launched a decade ago, demonstrated remarkable longevity by contributing HK$1.02 billion in revenue.- For the first half of 2026, the Group recorded a net profit of HK$310 million, with net profit from its core business (non-IFRS measure) reaching HK$320 million, and its investment business recording an unrealized loss of approximately HK$10 million arising from the fair-value changes of investees.- The Board of Directors declared an interim dividend of HK8.2 cents per ordinary share and a special dividend of HK8.2 cents per ordinary share, totalling HK16.4 cents per ordinary share, which represents approximately 60% of the interim profit.HONG KONG, August 14, 2026 - (ACN Newswire via SeaPRwire.com) - IGG Inc (“IGG” or the “Group”, stock code: 799.HK), a leading global developer and publisher of mobile games and applications, announces its unaudited consolidated interim results for the six months ended 30 June 2026.Capitalizing on its global and diversified business edge, the Group recorded a steady revenue of HK$2.9 billion, up 6% year-on-year and 4% half-on-half, despite intensified global geopolitical conflicts during the period. The Group’s game business maintained steady growth, with the mid-generation title “Doomsday: Last Survivors” hitting record highs in both monthly and quarterly gross billings, generating approximately HK$700 million in revenue—a notable 33% increase year-on-year. The Group’s other mid-generation title, “Viking Rise”, contributed approximately HK$350 million to the total revenue. “Lords Mobile”, IGG’s flagship title launched a decade ago, demonstrated remarkable longevity in a highly competitive market by contributing HK$1.02 billion in revenue, holding steady compared to the second half of 2025. Additionally, the APP Business also maintained its growth trajectory, generating approximately HK$570 million in revenue, up 7% year-on-year. During the period, revenue from Asia, Europe and North America accounted for 41%, 37% and 18%, respectively, of the Group’s total revenue.For the first half of 2026, the Group recorded a net profit of HK$310 million, reflecting a slight year-on-year decrease of 4%, yet achieving a half-on-half growth of 20%. The Group’s net profit for its core business (non-IFRS measure) reached HK$320 million, representing a mild decrease of 6% year-on-year, but a notable half-on-half increase of 45%. This overall resilience was achieved despite the investment business recording an unrealized loss of approximately HK$10 million arising from the fair-value changes of investees. As at 30 June 2026, the Group’s mobile games were available in 23 different languages worldwide, with approximately 1.68 billion users in total and over 12 million monthly active users (“MAU”) across more than 200 countries and regions.“Lords Mobile”, IGG’s flagship title, reached its 10-year milestone during the period. It is the Group’s first cross-platform, multi-language game that integrates strategy, role-playing, and real-time competitive gameplay designed for a global audience. It has been lauded by Sensor Tower for its longevity and has received widespread acclaim from gamers, while consistently generating stable revenue for the Group. To mark this 10th anniversary milestone, the Group dedicated its efforts to creating a major update and exclusive celebrations. The festivities featured an initial onboarding simulation, a global online tournament, and a collaborative anniversary theme song co-created with players. Meanwhile, the game continued with more IP collaborations, partnering with “tokidoki” co-founder and artist Simone Legno to introduce the classic UnicornoTM character, alongside a crossover with the popular “Transformers” movie. These initiatives continue to inject fresh vitality into the game’s enduring ecosystem. As the bedrock of the Group’s operations, “Lords Mobile” delivered revenue of HK$1.02 billion during the period, remaining stable compared to the second half of 2025 and demonstrating robust resilience.“Doomsday: Last Survivors”, the Group’s key growth driver, has consistently introduced innovative features and dynamic marketing initiatives since its debut four years ago, earning widespread acclaim from more than 100 million registered users. In 2026, “Doomsday: Last Survivors” rolled out a series of strategic initiatives, including debuting its first-ever global online tournament, teaming up with hit anime titles “Ghost in the Shell: SAC_2045” and “FAIRY TAIL” for special collaborations, and organizing global offline player meetups. These coordinated efforts successfully propelled the game’s monthly and quarterly gross billings to consecutive record highs. During the period, the game generated revenue of approximately HK$700 million, up 33% year-on-year, further demonstrating its strong growth potential. “Viking Rise”, the Group’s other mid-generation Viking-themed title, also delivered solid results. In the first half of 2026, the game introduced innovative combat mechanics and diverse themed events, enriching its in-game social ecosystem and strengthening its long-term foundation. As at 30 June 2026, the game had over 76 million registered users and generated approximately HK$350 million in revenue.“Fate War”, a new strategy game released in 2025, was prominently featured on Apple’s App Store and Google Play Store worldwide. Since its launch, the game has been continuously enhancing its onboarding experience while enriching its social and combat ecosystems. During the period, “Fate War” generated over HK$18 million in average monthly gross billing. Meanwhile, several of the Group’s meticulously crafted new strategy titles are poised for release. These games blend classic core gameplay with trending features, striving to bring players a refreshing tactical experience.Leveraging its global operational expertise and a base of more than 1.6 billion users, the Group established a second growth curve through its APP Business. In the first half of 2026, the APP Business maintained approximately 71 million MAU, delivering stable performance year-on-year while growing 6% compared to the second half of 2025, further solidifying its platform development. During the period, the APP Business generated approximately HK$570 million in revenue, accounting for 20% of the Group’s total revenue and representing a 7% increase year-on-year. Additionally, it contributed a noteworthy net profit, accounting for 15% of the Group’s total profit and driving its diversified growth trajectory.The Group consistently prioritizes shareholder returns. The Board of Directors declared an interim dividend of HK8.2 cents per ordinary share, and a special dividend of HK8.2 cents per ordinary share. Total dividends declared for the period amounted to HK16.4 cents per ordinary share, representing approximately 60% of interim profit. In the first half of 2026, the Group allocated approximately HK$2.4 million for share buy-backs. Together with the dividends declared, this represents approximately 61% of interim profit, consistently delivering high-ratio shareholder returns.Looking ahead to the second half, the Group has established a solid foundation to unleash long-term potential: the core game “Doomsday: Last Survivors” is expected to sustain its strong momentum; a pipeline of new titles is set for launch to unlock growth potential; and the APP Business continues to deliver steady performance. Embracing the corporate spirit of “Innovators at Work, Gamers at Heart”, the Group will continue to deepen its global operational excellence and push ahead with the coordinated development of its diversified product matrix, to generate enduring, sustainable value for shareholders.About IGG IncEstablished in 2006, IGG Inc is a leading global developer and operator of mobile games and applications, with headquarters in Singapore and local offices in the United States, China, Canada, Japan, South Korea, Thailand, the Philippines, Indonesia, Brazil, Türkiye, Italy and Spain. IGG offers multi-language and multifarious games and mobile applications to users around the world. The Group has established long-term partnerships with over 100 business partners, including global platforms, advertising channels, and vendors such as Apple, Google and Meta. IGG’s most popular games include “Lords Mobile”, “Doomsday: Last Survivors”, “Viking Rise”, “Fate War”, along with a diverse range of mobile applications.[1] APP Business: development and operations of the Group’s mobile applications.[2] Net profit for core business (non-IFRS measure): net profit excluding gain/loss on investments. Gain/loss on investments including: (1) fair value change and gain/loss on disposal of other financial assets or liabilities and dividend income; and (2) share of results of associates and joint ventures, impairment loss on interest in associates and joint ventures and net gain/loss on disposal and deemed disposal of associates and joint ventures.[3] “Lords Mobile” was awarded “Best Evergreen Strategy Game” at the Sensor Tower APAC Awards 2025.[4] User data as at June 30, 2026 Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
More
SunScout Dual-Lists on NYSE American and NYSE Texas After Raising $15.5 Million ACN Newswire

SunScout Dual-Lists on NYSE American and NYSE Texas After Raising $15.5 Million

NEW YORK, Aug 14, 2026 - (ACN Newswire via SeaPRwire.com) - SunScout Holding Limited, a New Zealand-based clean-technology company that offers solar-powered robotic mowers and other solar energy solutions, has raised US$15.5 million in gross proceeds from its initial public offering in the United States.The company sold 3.1 million Class A ordinary shares at US$5 per share. Based on approximately 23.1 million outstanding Classions of Class A ordinary shares, the company commands an implied market capitalization of roughly US$115.5 million.The shares began trading concurrently on NYSE American and NYSE Texas on August 12 under the ticker SNSC, making it the first company headquartered in New Zealand to list on both exchanges at the same time.SunScout develops autonomous, zero-emission solar robotic mowers featuring AI navigation and off-grid technology. Its product line—comprising the Eco, Pro, and ProMax models—is distributed via partnerships with WWS and MowBot, with Walmart talks underway. The company also operates Brunton Engineering, providing precision manufacturing as a certified supplier to the New Zealand Defence Force.For the fiscal year ended June 30, 2025, SunScout reported revenue of about $4.8 million, an increase of 93.6% from the previous year.Revenue from its products business rose from 18.5% of total revenue to 28.0%, while gross profit reached approximately $2.4 million.The company is planning to establish an assembly facility in Austin, Texas, to support production and expansion in the North American market. The move coincides with increased U.S. policy focus on domestic manufacturing and supply-chain resilience in the robotics sector.Proceeds from the offering are expected to be used mainly for the construction of the Texas facility, marketing, product research and development, inventory, repayment of a loan, payments related to the acquisition of Brightway Energy LLC, and general working capital.For more information, please contact:Golden Fleece Cross-border Consulting Co., LimitedEmail: heidiho@goldenfleece.hk Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
More
SunScout Debuts on NYSE, Aiming at $4.7 Billion Global Robotic Mower Market ACN Newswire

SunScout Debuts on NYSE, Aiming at $4.7 Billion Global Robotic Mower Market

NEW YORK, Aug 13, 2026 - (ACN Newswire via SeaPRwire.com) - SunScout Holding Limited (NYSE American: SNSC) develops autonomous solar-powered robotic mowers and complementary solar energy solutions. The company has principal operations in New Zealand and the United States and is incorporated in the Cayman Islands.SunScout commenced concurrent trading on NYSE American and NYSE Texas on August 12, 2026, becoming the first issuer with this combination of domicile and operational footprint to list on both exchanges. The offering was priced at $5.00 per Class A ordinary share, yielding gross proceeds of approximately $15.5 million. Upon closing, the company will have approximately 23.1 million Class A ordinary shares outstanding, implying a market capitalization of roughly $115.5 million based on the offer price.NYSE Texas, launched by Intercontinental Exchange (ICE) in March 2025 and headquartered in Dallas, currently hosts listed companies with an aggregate market capitalization exceeding $3.9 trillion, positioning it as a significant U.S. capital‑markets hub. The dual listing is expected to enhance SunScout’s brand visibility across the United States, particularly in Texas, where the company is pursuing strategic expansion, while also broadening its investor base.Three‑Pronged Clean‑Tech Portfolio; SunScout Products Emerges as Key Growth DriverAs detailed in its prospectus, SunScout designs, develops, manufactures, and commercializes autonomous solar‑powered robotic mowers alongside complementary solar‑energy solutions. Its operations are organized into three segments: SunScout Products (autonomous solar-powered robotic mowers and complementary products), solar power development solutions, and engineering products and services under the Brunton Engineering brand, which encompasses clean‑energy hardware and high‑precision manufacturing.For the fiscal year ended June 30, 2025, the company reported total revenue of approximately $4.8 million, representing year‑over‑year growth of 93.6%. Solar power development solutions contributed approximately 40.9% of total revenue, while engineering products and services accounted for approximately 31.1%. Revenue from SunScout Products rose to approximately 28.0% of total revenue, up from approximately 18.5% in FY2024, demonstrating strong growth momentum.The prospectus explicitly notes that while solar power development and engineering services currently generate the majority of top‑line revenue, the SunScout Products segment captures long‑term growth opportunities aligned with global market expansion and is positioned as a core growth engine, accelerating the company’s transition toward a higher‑value, product‑driven business model.According to Mordor Intelligence, the global robotic lawn mower market is on a robust growth trajectory, valued at roughly $2.4 billion in 2025 and projected to reach $4.7 billion by 2030, at a compound annual growth rate (CAGR) of 14.4%. Robotic mowers still represent a small fraction of the broader lawn‑equipment market, leaving significant room for penetration.Rising labor shortages and escalating lawn‑maintenance costs are fueling demand for automation. Concurrently, regulatory initiatives worldwide to phase out gasoline‑powered outdoor equipment are gaining momentum, accelerating industry electrification. Shifting consumer preferences toward intelligent, convenient solutions are fostering deeper integration of robotic mowers with smart‑home ecosystems and the Internet of Things (IoT), creating substantial headroom for automated electric mowing solutions.Proprietary DSA Technology Enables True Off‑Grid OperationSunScout’s core competitive advantage lies in its proprietary Deployable Solar Array (DSA) technology, which allows its robotic mowers to operate entirely on solar power, achieving genuine off‑grid performance without reliance on electrical outlets. Conventional gasoline‑powered mowers emit carbon emissions, and while existing electric mowers eliminate direct emissions, they remain dependent on fixed charging infrastructure, constraining operational range and flexibility.The DSA mechanism enables solar panels to automatically deploy when stationary, tripling the surface area to maximize solar‑energy capture for onboard battery charging; panels retract during movement to preserve maneuverability. This design supports fully solar‑dependent, zero‑emission autonomous mowing, augmented by autonomous navigation and AI‑powered obstacle avoidance capabilities.According to the company, few competing products can function completely independent of external power sources. This capability unlocks deployments at sites without power outlets or charging facilities—such as golf courses, public parks, and large‑scale green spaces—delivering meaningful advantages for continuous autonomous field operations. Over the longer term, DSA‑based hardware insulates operating costs from electricity‑price inflation and enables rollouts in regions with limited or unreliable grid infrastructure.SunScout also emphasizes that its technology platform is highly adaptable and platform‑agnostic, opening potential applications beyond lawn mowing, including agricultural robotics, onboard solar‑charging systems for electric vehicles, autonomous patrol robots, and other mobile machinery.Three‑Tier Product Lineup and Rapidly Expanding Global DistributionSunScout’s autonomous solar‑powered robotic mower portfolio comprises three modular models: the residential‑grade SunScout Eco, light‑commercial SunScout Pro, and large‑institutional‑focused SunScout ProMax. The modular architecture supports incremental upgrades without extensive redesign, facilitating efficient global deployment across diverse terrain and climate conditions.For example, the entry‑level SunScout Eco integrates high‑efficiency photovoltaic panels into the top housing, converting sunlight to supply all energy required for propulsion, cutting assemblies, and onboard electronics. The unit employs a multi‑sensor suite and AI‑enhanced dual‑camera visual navigation to map work zones, identify lawn boundaries and obstacles, and optimize mowing routes. For larger and more complex sites, RTK satellite navigation is available to deliver centimeter‑level positioning accuracy.On commercial‑channel development, SunScout has established distribution partnerships with Wrissmer Werkstattsysteme GmbH (WWS) in Europe and MowBot Limited in Australia and New Zealand, and is in active discussions regarding potential distribution cooperation with major retailers, including Walmart.Beyond robotic hardware, the company provides end‑to‑end solar power development solutions, including system design, installation, and full engineering, procurement, and construction (EPC) services for commercial, industrial, and institutional clients. Through its Brunton Engineering brand, it also offers engineering products and services leveraging nearly 30 years of precision‑fabrication and mechanical‑engineering expertise, and is an accredited supplier to the New Zealand Defence Force.On the manufacturing front, assembly is currently conducted via SunScout Asia in Thailand. The company is advancing the establishment of an assembly and distribution center in Austin, Texas, through its U.S. subsidiary, which will build domestic production capacity and support long‑term North American expansion, aligning with U.S. policy emphasis on domestic robotics and technology supply chains. Recent actions by the U.S. Federal Communications Commission (FCC) restricting authorizations for certain foreign‑produced robotic products further underscore the growing importance of domestic manufacturing and supply‑chain resilience.Net proceeds from the offering are expected to be used primarily for: (i) construction of the Austin manufacturing facility; (ii) sales and marketing activities; (iii) product research and development; (iv) inventory procurement; (v) repayment of one loan; (vi) consideration for the acquisition of Brightway Energy LLC; and (vii) general working capital purposes.Against the backdrop of accelerating global clean‑energy transition and continued expansion of the robotic‑mower market, market participants will closely monitor whether SunScout can leverage its proprietary off‑grid solar‑robotics technology to differentiate itself amid intensifying industry competition.Note: This translation has been calibrated against the company’s registration statement on Form F‑1 (File No. 333‑295248), as declared effective by the SEC on August 11, 2026. All financial data, segment descriptions, and legal status reflect the prospectus disclosures. Certain distributor names and retail discussions are retained as stated in the prospectus; for definitive terms, please refer to the final prospectus.For more information, please contact:Golden Fleece Cross-border Consulting Co., LimitedEmail: heidiho@goldenfleece.hk Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
More
36th Food Expo opens today ACN Newswire

36th Food Expo opens today

HONG KONG, August 13, 2026 - (ACN Newswire via SeaPRwire.com) - The HKTDC Food Expo, Beauty & Wellness Expo and Home Delights Expo, organised by the Hong Kong Trade Development Council (HKTDC), opened today at the Hong Kong Convention and Exhibition Centre. The three fairs will run concurrently for five days from 13 to 17 August and are open to the public. The Food Expo PRO (13 to 15 August) is open exclusively to trade buyers during its first two days, while on its final day it will welcome both trade buyers and the public. The Hong Kong International Tea Fair (13 to 15 August) is again fully open to both trade visitors and the public this year. The International Conference of the Modernization of Chinese Medicine & Health Products (ICMCM), jointly organised by the Modernized Chinese Medicine International Association (MCMIA), HKTDC and 10 leading research institutions, also commenced today and will run from 13 to 15 August.Officiating at today’s opening ceremony for the fairs was guest of honour Paul Chan, Financial Secretary of the Hong Kong Special Administrative Region (HKSAR) Government, who was joined by Dr Jonathan Choi, Council Member of the HKTDC and Sophia Chong, Executive Director of the HKTDC.Dr Choi said: “This year, we are bringing together more than 1,850 exhibitors from over 30 countries and regions, creating a vibrant marketplace that spans food, tea, home living, beauty and wellness sectors. Today, wellness has become an integral part of everyday life. It is reflected in the food and beverages we enjoy, the way we care for our home and how we nurture our physical and mental well-being. Under the fairs’ central theme of ‘Live Well. Stay Well’, we offer a wide range of food and beverage, lifestyle products, services and experiences that support healthier, happier and more balanced lifestyles.”Ms Chong said: "As an international business centre and a key food trading hub in the region, Hong Kong has long served as a platform for global food and catering enterprises seeking to expand into the Chinese Mainland, Asia and international markets. Through the Food Expo PRO, the ICMCM, and a diverse range of industry exchange platforms, the HKTDC fosters cross-border and cross-sector collaboration, further strengthening Hong Kong’s role as a bridge connecting the Chinese Mainland and international markets, while supporting the high-quality development of the food and health industries.”Five Themed Days promote quality livingTo complement this year’s theme, “Live Well. Stay Well”, the fairs will feature Five Themed Days, designed to encourage people to embrace a healthy and fulfilling lifestyle.1. Happy Eat Happy Life (13 August)Promoting balanced nutrition and healthy living, the Food Expo showcases a wide range of wellness-focused products, including a cistanche health drink, often referred to as “desert ginseng” (Booth: 1B-B12); ready-to-eat bird’s nest with rock sugar made with “five-free” commitment - free of bleaching agents, artificial-colourings, dyes, preservatives, and stabilizers (Booth: 3D-B02K); longan, jujube and rose healthy life tea (Booth: 1B-B12); nutritious fresh fish soup (Booth: 1A-B12); and organic dried blueberries from the Changbai Mountains (Booth: 3D-C16).The Home Delights Expo also features products that support healthy living, including a high-speed food processor capable of preparing texture-modified meals (Booth: 3F-D02), helping the elderly and those with swallowing difficulties enjoy a more varied diet. At the Beauty & Wellness Expo, visitors can experience the Mannings Health Assessments (Booth: 3E-A18), offering a range of complimentary health assessments and personalised consultations, including traditional Chinese wellness consultation, skin and scalp assessments, cardiovascular and stress tests, to help visitors discover a healthier lifestyle according to their individual needs.What’s more, the Department of Health will present activities such as “EatSmart Restaurant Star+”, encouraging restaurants to offer a wider variety of healthy menu options and helping the public adopt healthier eating habits.2. The World in Blink (14 August)Centred on visual enjoyment, this themed day features a curated selection of food and lifestyle products from around the world. The Food Expo brings together global delicacies including limited-harvest natural honey from South Africa (Booth: 3B-E11); crafted chocolates served as an inflight snack by Finnair (Booth: 3B-D11); organic raw cacao nibs from Peru (Booth: 1E-E27); and a creative Chiu Chow style foie gras toast inspired by the classic Chiu Chow goose dish (Booth: 3B-C18). Asian flavours include pandan chiffon cakes from a renowned Singaporean confectionery brand (Booth: 3B-D01); Karun Thai tea (Booth: 3B-D11); and a Korean water-shake probiotic yoghurt (Booth: 1E-D30).The Beauty & Wellness Expo will showcase innovative beauty products, including home-use beauty devices developed by a leading Korean aesthetic medical company (Booth: 3E-B18) and clear aligners (Booth: 3E-C19).Visitors can also enjoy cultural activities such as intangible cultural heritage embroidery ornament workshops and ethnic dance performances, offering visitors an opportunity to experience diverse international cultures.3. Coffee or Tea? (15 August)Following its debut at last year’s Food Expo PRO, the dedicated “Coffee Zone” returns with exhibitors from Yunnan Province, the Chinese Mainland’s largest coffee-growing region, showcasing earthy truffle dried mushroom flavoured drip coffee (Booth: 5E-B02). Other highlights include Arabica coffee beans from Myanmar (Booth: 5E-B32); Kona coffee, well known as the "Hawaiian queen coffee" (Booth: 5E-B19); and a locally developed sparkling coffee infused with spicy notes of Hong Kong ginger (Booth: 5E-C32).The Hong Kong International Tea Fair presents a range of rare teas, including the exceptionally rare purple bud raw Pu'er tea from Kunlu Mountain, Yunnan (Booth: 5F-F17); white tea from Laos (Booth: 5F-E13); and Ceylon tea from Sri Lanka (Booth: 5F-D20). Making its debut this year is the Chinese Mainland Matcha Pavilion, presented by Guizhou (Booth: 5F-D21) and Zhejiang – the Chinese mainland’s two leading matcha-exporting regions – showcasing ceremonial-grade matcha(Booth: 5F-D07), beverage-grade matcha and matcha desserts (Booth: 5F-D11). The inaugural Yixing Zisha Teaware Pavilion highlights the exquisite craftsmanship of traditional Yixing purple clay teaware (Booth: 5G-B18).A new “Tea Lifestyle” zone features innovative tea beverages such as Pu’er coffee tea (Booth: 5F-F15) and LockCha beer (Booth: 5G-C31), alongside lifestyle products including Zen-inspired bonsai displays (Booth: 5G-C27B), demonstrating the integration of tea culture into contemporary living.In addition, a variety of tea-related activities will be held, including tea meditation experiences, a showcase of winning teas from the International Tea Competition 2026, and the 2026 Dacheng Guoxue Cup: the Cross-Strait and Hong Kong-Macao teenager tea art competition. The Hong Kong Gong Fu Tea Art and Culture Association will present a seminar titled “Hong Kong Intangible Cultural Heritage – Chiu Chow Kung Fu Tea”.4. Stay Fresh, Stay Ahead (16 August)This day focuses on premium fresh produce and products. Hong Kong’s Fish Marketing Organization and Vegetable Marketing Organization (Booth: 1E-A18) have expanded their presence at the exhibition and will introduce their new unified brand, “Hong Kong Harvest”, showcasing quality local fishery and agricultural products as well as processed products.The Chinese Mainland pavilion, organised by the Agricultural Trade Promotion Center of the Ministry of Agriculture and Rural Affairs of China, alongside other Chinese Mainland pavilions, will present hundreds of agricultural products and regional delicacies, including Yunnan ham, Xinjiang wines, Qingyuan chicken from Guangdong, Anhui foie gras, Hainan coconut water, Sichuan chilli powder and Xizang yak meat.Celebrating its 15th edition in 2026, the Gourmet Zone will host 15 star chefs to demonstrate the preparation of a range of exquisite dishes. Water Leung, Executive Chef of Chiu Ka Banquet, will demonstrate the preparation of authentic Chiu Chow pan-fried bombay duck with fresh tomato on the day. A commemorative premium recipe book, “Star Chef’s Culinary Creations”, jointly presented with food distributor Ng Fung Hong, which celebrates its 75th anniversary this year, will be made available to those taking part in the cooking demonstrations. Participants will also be able to sample the dishes prepared on-site.5. Let’s Chill (17 August)Visitors can relax and enjoy this final themed day, with the Beauty & Wellness Expo introducing the brand-new “Stay Relax” zone, featuring products such as a red-light therapy pod (Booth: 3E-C06) and medical wellness products designed to relieve pain (Booth: 3E-C02).The Home Delights Expo will host the new “Go Sleep Exp” (Booth: 3F-D27), presented by the Sleep Health Association. The exhibit explores the entire sleep journey, from pre-sleep preparation and deep sleep to waking up, through immersive sensory experiences, sleep environment displays and sleep data analysis, helping visitors better understand the importance of sleep to their overall wellbeing. Activities include a traditional Chinese medicine session on emotional health disorders and the “mugwort pain relief adventure” organised by the Jockey Club Lo Wai Chinese Herb Garden, offering insights into the benefits of mugwort.In addition, the Food Expo introduces a new Dessert and Gelato Theme, featuring over 100 desserts and speciality ice cream flavours. Visitors can also explore Hong Kong’s first chewy treats themed market, bringing together more than 10 local brands offering handmade fresh milk mochi (Booth: 3B-A18), sourdough mille-feuille (Booth: 3B-B19), the Pon de Ring donut (Booth: 3B-A11), and other unique desserts.Food Expo PRO unveils new ‘Meat Zone’For trade visitors, Food Expo PRO introduces a “Meat Zone” this year, showcasing premium meat products from the Chinese Mainland, Hong Kong, Brazil, Korea and the United States. The spotlight “Food Science and Technology Zone” focuses on the growing wellness market trend, featuring alternative and future foods as well as the latest food-service technologies. Highlights include an innovative health food developed by a Hong Kong exhibitor, combining scientific research with the rare medicinal orchid herb Gastrodia elata from Guizhou in a convenient ready-to-consume format.This year, Food Expo PRO introduces Pet Food products for the first time. A Hong Kong exhibitor uses patented packaging technology to preserve the nutritional value of pet food meat without preservatives or cold-chain logistics, enabling room-temperature storage as well as unlocking new opportunities in the pet economy.Demand for halal products continues to rise. For the third consecutive year, Food Expo PRO and the Food Expo feature a dedicated halal food and beverage label. More than 130 exhibitors from the Chinese Mainland, Taiwan, Brunei, Colombia, Korea, Singapore, Thailand and other markets will participate this year, making it easier for buyers to source halal-certified products.Conference promotes international exchange for Chinese medicineThe International Conference of the Modernization of Chinese Medicine & Health Products, organised by the MCMIA together with the HKTDC and 10 scientific research institutions, is supported this year by the Chinese Medicine Development Fund of the Hong Kong SAR Government. Under the theme “Clinical Translation, Regulatory Policies and Global Innovative Pathways of Traditional Medicine”, the conference will focus on the twin concepts of “bringing in” and “going global”. It will introduce Hong Kong’s Chinese medicine regulatory framework and support resources for participants from the Chinese mainland and overseas, while inviting international regulatory authorities to share perspectives on traditional medicine regulations in their respective markets.The conference has been expanded from two days to three days this year and will feature over 30 renowned speakers. Experts from the Chinese Mainland, Hong Kong, Macao, Australia, Canada, Indonesia, Korea, Malaysia, Singapore, Thailand and the United Kingdom will discuss the latest developments in Chinese medicine research and development, regulatory trends and successful industry practices.The conference will be held in a hybrid physical-and-online format and aims to facilitate wider participation and interaction between attendees and speakers. Registered Chinese medicine practitioners in Hong Kong can apply for continuing education credits by attending the conference.Admission privileges and shopping rewards for HKTDC’s 60th anniversaryTo celebrate the 60th anniversary of the HKTDC, a series of special promotions and consumer offers will be launched during the fairs. Members of the public presenting designated official promotional leaflets can enjoy free admission before 12pm each day, with a quota of 600 visitors per day. Exhibitors will also roll out a variety of “6”-themed offers, including stainless-steel cutlery sets for HK$6 and wild purple bud tea at 40% off. And visitors can participate in daily lucky draws and exhibition mini games, with prizes worth more than HK$1 million in total.The HKTDC has launched a “Food Expo VIP ticket online game” campaign. By participating in games on the HKTDC’s 60th Anniversary Facebook page, members of the public will have the opportunity to win VIP admission tickets to the Food Expo. Details have been announced on the HKTDC’s social media channels.Also returning is the “Smart Bidding” session which allows visitors to bid on selected products starting from just 10% of the original price. For the latest promotions, flash sales and limited-time discounts, visitors are encouraged to visit the “August Happy Buy” campaign website (https://ecoupon.hktdc.com/food/tabs/home), allowing them to enjoy great savings while shopping and dining in Hong Kong.No physical tickets will be issued for the August fairs. E-tickets can be purchased or redeemed in advance through the 01 Space e-ticketing platform, AlipayHK, Alipay, all 7-Eleven and Circle K convenience stores, the Octopus App and The Club App. Visitors may also purchase admission on-site at the venue entrance using AlipayHK, Alipay, Octopus, or WeChat Pay. In addition, Morning Admission Tickets and Evening Admission Tickets for designated dates will return this year.Photo download: https://bit.ly/4i7AlE9The 36th Food Expo, 4th Food Expo PRO, 10th Beauty & Wellness Expo, 12th Home Delights Expo and 17th Hong Kong International Tea Fair opened today, together with the International Conference of the Modernization of Chinese Medicine & Health ProductsCelebrating its 15th edition, the Gourmet Zone at the Food Expo will host 15 celebrity chefs to demonstrate the preparation of a range of exquisite dishesThe 36th Food Expo showcases an array of specialty foods from around the world, offering visitors the opportunity to experience diverse global culinary culturesThis year, Food Expo PRO introduces the “Meat Zone”, bringing together premium meat products from markets across the globeThe Hong Kong International Tea Fair debuts a Chinese Mainland matcha pavilion, highlighting the integration of tea culture with modern lifestylesThe first themed day, “Happy Eat Happy Life”, promotes balanced nutrition and healthy living. Exhibitors including Dong E E Jiao Co., Ltd showcase a range of “food-as-medicine” productsThe popular “Scentsation” zone returns to the Beauty & Wellness Expo, with the Xuelei Fragrance Museum from Guangzhou participating for the first time to offer visitors a fully immersive sensory experienceThe Home Delights Expo debuts the “Go Sleep Exp”, showcasing cutting-edge sleep technologies and wellness products while promoting the benefits of quality sleepOpening dates and times of the exhibitions:DateHKTDC Food Expo PROOpen to trade buyers only: 13-14 August (Thursday to Friday)Open to trade buyers and public: 15 August (Saturday)Hong Kong International Tea FairOpen to trade buyers and public: 13-15 August (Thursday to Saturday)HKTDC Food Expo, HKTDC Beauty & Wellness Expo, HKTDC Home Delights Expo13-17 August (Thursday to Monday)International Conference of the Modernization of Chinese Medicine and Health Products13-15 August (Thursday to Friday)TimeHKTDC Food Expo PRO, Hong Kong International Tea Fair13-14 August: 10am to 6pm15 August: 10am to 5pmHKTDC Food Expo, HKTDC Beauty & Wellness Expo, HKTDC Home Delights Expo13-16 August: 10am to 10pm17 August: 10am to 6pmVenueHong Kong Convention and Exhibition Centre, Wan ChaiAdmission- Food Expo Public Hall, Home Delights Expo, Beauty & Wellness Expo and Hong Kong International Tea Fair 2026 single ticket: HK$30 per person (ticketholders can pay a top-up fee of HK$10 for admission to the Gourmet Zone on the same day)- Food Expo Public Hall and Gourmet Zone, Home Delights Expo, Beauty & Wellness Expo and Hong Kong International Tea Fair 2026 combo tickets: HK$40 per person**HK$36 per person during the pre-sale period from 30 July to 12 August. (Tickets are available for pre-sale and walk-in at all 7-Eleven and Circle K convenience stores for HK$36 per person.)Remarks: Holders of the 15 August single ticket & combo ticket can visit the Food Expo PRO- Morning admission tickets: Entry before 12pm on 13, 14 and 17 August (Thursday, Friday and Monday) to the Food Expo Public Hall, Home Delights Expo, Beauty & Wellness Expo and Hong Kong International Tea Fair on the same day: HK$10 (pay directly by AlipayHK, Alipay, Octopus card or WeChat Pay for admission at the hall entrances only)- Night admission tickets: Entry after 6pm on 13 to 16 August, Thursday to Sunday, to the Food Expo Public Hall, Home Delights Expo, Beauty and Wellness Expo on the same day: HK$10 (pay directly by AlipayHK, Alipay, Octopus card or WeChat Pay for admission at the hall entrances only)- Concessionary price for persons with disabilities: HK$10 (top-up fee for the Gourmet Zone on the same day is HK$10)Note: Persons with disabilities need to present a “Registration Card for Persons with Disabilities”, issued by the Labour and Welfare Bureau (pay directly by AlipayHK, Alipay, Octopus card or WeChat Pay for admission at the hall entrances only)- Tourist tickets: HK$20 (HK$30 including admission to the Gourmet Zone)Note: Tourists need to present valid travel documents at the fairground to purchase tickets- Free admission is available for children aged three and under and senior citizens aged 65 or above (presenting valid age proof)TicketsE-tickets are available for sale at AlipayHK and Alipay, the 01 Space e-ticketing platform, all 7-Eleven and Circle K convenience stores, the Octopus app and The Club app.HKTDC Food Expo PROfoodexpopro.hktdc.comHKTDC Hong Kong International Tea Fairhkteafair.hktdc.comHKTDC Food Expohkfoodexpo.hktdc.comHKTDC Beauty & Wellness Expohkbeautyexpo.hktdc.comHKTDC Home Delights Expohomedelights.hktdc.comThe International Conference of the Modernization of Chinese Medicine and Health Products (ICMCM)icmcm.hktdc.comAugust Happy Buy websitehttps://ecoupon.hktdc.com/food/tabs/homeMedia enquiriesHKTDC’s Communications & Public Affairs Department:Winnie KanTel: (852) 2584 4055Email: winnie.wy.kan@hktdc.orgClayton LauwTel: (852) 2584 4472Email: clayton.y.lauw@hktdc.orgKaty WongTel: (852) 2584 4524Email: katy.ky.wong@hktdc.orgHKTDC Media Room: http://mediaroom.hktdc.comAbout HKTDC The 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
More
U.S. Polo Assn. Takes No. 1 Spot for All Sports Brands and Climbs to No. 22 Overall on License Global’s 2026 ‘Top Global Licensors’ Ranking ACN Newswire

U.S. Polo Assn. Takes No. 1 Spot for All Sports Brands and Climbs to No. 22 Overall on License Global’s 2026 ‘Top Global Licensors’ Ranking

West Palm Beach, FL, Aug 13, 2026 - (ACN Newswire via SeaPRwire.com) - U.S. Polo Assn.®, the official sports brand of the United States Polo Association (USPA), was named the highest-ranking sports brand on License Global's annual Top Global Licensor list for the second consecutive year, surpassing the NFL Players Association, PGA Tour, and Formula 1. Marking another milestone, U.S. Polo Assn. climbs to No. 22 overall on the global licensor list spanning the entertainment, fashion, lifestyle, and sports industries. This achievement reflects the continued expansion of the multi-billion-dollar brand globally as it delivered a record year on all fronts with $2.7B in retail sales in 2025.U.S. Polo Assn.®, the official sports brand of the United States Polo Association (USPA), ranked the No. 1 Sports Licensor on License Global's annual Top Global Licensor list. This achievement reflects the continued expansion of the multi-billion-dollar sport brand globally as it delivered a record year on all fronts with $2.7B in retail sales in 2025.U.S. Polo Assn.®, the official sports brand of the United States Polo Association (USPA), was ranked the No. 1 Sports Licensor, surpassing the NFL, PGA Tour, and Formula 1 on License Global's annual Top Global Licensor list. The global sport brand, with distribution in 190 countries, also ranks No. 22 among other leading global brands in the fashion, sport, entertainment, and lifestyle industries.The latest recognition by License Global comes amid another year of significant growth for U.S. Polo Assn., driven by its authentic connection to the sport of polo and a long-term global expansion strategy. The 2026 Top Global Licensor ranking highlights the brand's continued success, which has steadily expanded its presence across global markets through key partnerships, retail growth, digital commerce, and consumer engagement initiatives.As one of the key initiatives supporting that momentum, U.S. Polo Assn. recently launched its global campaign, The Polo Shirt: An Icon Born from the Game™, celebrating the sport of polo's authentic role in inspiring one of fashion's most recognizable styles. The campaign highlights the brand's unique position being directly connected to the sport from which the polo shirt originated, creating a powerful point of differentiation in today's competitive marketplace."Remaining the No. 1 Sports Licensor and moving up to No. 22 overall among the world's leading licensing titans on License Global is an important milestone for U.S. Polo Assn. and reflects the incredible work being executed across our global business," said J. Michael Prince, President and CEO of USPA Global, the company that manages and markets the U.S. Polo Assn. brand. "As the official sports brand of the United States Polo Association, our authentic connection to the sport of polo remains a powerful differentiator for U.S. Polo Assn. that continues to resonate with consumers and sports fans worldwide."The annual License Global ranking is widely regarded as one of the licensing industry's most influential benchmarks, measuring worldwide retail sales of licensed consumer products and experiences across a broad range of categories. According to the 2026 report, the world's leading licensors generated more than $338 billion in retail sales, highlighting the continued strength and evolution of the global licensing sector. The world's largest brand remains The Walt Disney Company at $63 billion in retail sales. Other notable brands on the list included NBCUniversal, Warner Bros. Discovery, The Hershey Company, BMW Group, Sony Pictures Consumer Products, and John Deere, to name a few.For U.S. Polo Assn., the recognition underscores years of strategic investment in brand building and international market development. Today, the brand's global footprint reaches consumers in 190 countries through an extensive network of e-commerce platforms, strategic global partners, and more than 1,200 U.S. Polo Assn. retail stores, all with a shared commitment to delivering authentic, accessible, sport-inspired products that reflect the heritage and excitement of the sport of polo.To be considered for inclusion in the annual ranking, participating brands and corporate entities submit retail sales figures based on worldwide licensed merchandise sales. Those figures are supplemented by independent research and verification conducted by License Global's editorial team through industry sources, financial filings, annual reports, and market analysis.This recognition for U.S. Polo Assn. follows another milestone in 2026, as the brand was listed on USA TODAY's Most Trusted Brands 2026 list alongside other notable brands including Nike, Rolex, Disney, YETI, and American Eagle Outfitters, to name a few. This prestigious consumer-driven ranking highlights best-in-class brands across the United States based on trust, reliability, and overall customer experience. U.S. Polo Assn.'s inclusion on both USA TODAY and License Global underscores the brand's ability to consistently deliver quality products and meaningful experiences while maintaining a strong emotional connection with consumers and sports fans worldwide through the authenticity of sports."Continued growth in licensing comes from combining a strong, consistent global brand with local market expertise," said Molly Robbins, SVP of Global Licensing & Business Development for USPA Global. "Our partners around the world play a critical role in bringing the U.S. Polo Assn. brand to life in ways that resonate with consumers, and we are proud of what we have built together.""This recognition from License Global speaks to the strength of those relationships and the incredible work being executed across our global network," continues Robbins.As U.S. Polo Assn. continues its upward trajectory, the brand remains focused on expanding its presence in established and emerging markets while sharing the heritage, style, and excitement of the sport of polo with consumers and sports fans around the world.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. U.S. Polo Assn.'s Global Polo Shirt Campaign, An Icon Born from the Game, is a powerful tribute to the iconic polo shirt's authentic sports origins and its evolution into one of the world's most enduring style essentials.The global sport 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 in 2026 was ranked the top sports licensor in the world, surpassing the NFL, PGA Tour, and Formula 1, according to License Global. The sport-inspired brand has been 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 Fortune, Forbes, 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 the 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 +001.561.790.8036 - Email: skovalsky@uspagl.comKaela Drake - Senior PR & Communications SpecialistPhone +001.561.790.8036 - Email: kdrake@uspagl.comSOURCE: USPA Global Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
More

Kefi B.V. and Aligned Shareholders Announce Strategic Vision for WSC World Sporting Consulting Limited: Targeting Near-Term Public Listing and Global Expansion of the TCR Ecosystem

AMSTERDAM/HONG KONG, August 13, 2026 - (ACN Newswire via SeaPRwire.com) - Kefi B.V., a major shareholder and principal creditor of WSC Group (the owner and promoter of the globally recognized TCR Series), together with its aligned shareholders, today announced a comprehensive strategic vision aimed at accelerating the commercial growth of the TCR platform and bringing WSC WORLD SPORTING CONSULTING LIMITED (WSC Group) to a public listing on a major international exchange in the near future.The Foundation: Kefi's Decisive Role in Building the TCR EcosystemKefi B.V. and its predecessor entity have invested the largest amount of capital into WSC Group among all shareholders since 2018, while simultaneously providing strategic resources and support to fellow shareholders throughout this period. This commitment was made well before the Fédération Internationale de l'Automobile (FIA) adopted the TCR Regulations as its global touring car standard. Kefi's high-conviction capital investment proved decisive, enabling the seamless integration of FIA standards and the global debut of the first commercially available road car bearing the TCR brand.Following this foundational investment, WSC Group successfully launched landmark co-branding initiatives with major automotive manufacturers. In 2019, the Volkswagen Golf GTI TCR road car was introduced to the European and Asian markets, pushing sales significantly with the strength of the TCR brand and becoming a sought-after performance icon. In 2021, the Hyundai Elantra N TCR Edition further demonstrated the power of the TCR brand to drive consumer car sales in global markets. These achievements confirm that the commercial potential of the TCR ecosystem is limitless, extending far beyond the racetrack and into the showrooms of the world's largest automakers.Beyond Capital: Kefi's Strategic Partnership and Long-Term SupportKefi B.V.'s contribution to WSC Group has extended far beyond capital injections. Over nearly a decade of close collaboration, Kefi has provided continuous long-term strategic support: referring high-value business networks and introducing real commercial opportunities to the company and its shareholders, offering professional advisory services on corporate governance, legal structuring, and financial strategy, and connecting WSC Group with strategic partners across the automotive, technology, and media sectors."Over nearly ten years of close collaboration, we have grown alongside WSC," stated a spokesperson for Kefi B.V. "We have deep insight into the company's inner circle, its daily workings, and its operational details. We maintain absolute clarity regarding our rights as a major shareholder and creditor, and we believe the time has come to unlock the true, unmaximised value of this extraordinary global IP."Kefi as the Institutional Interface for WSCGiven its extensive expertise in global laws, regulations, and capital markets, Kefi B.V. acts as the primary communication channel on behalf of WSC Group when engaging with institutional investors and sophisticated partners. This role ensures that WSC Group's engagement with the global investment community meets the highest standards of professionalism, regulatory compliance, and fiduciary transparency, standards that are essential for the company's path to a public listing.Kefi's efforts in this capacity have already brought tangible benefits to all minority shareholders by enhancing the company's credibility, expanding its investor base, and laying the groundwork for a liquidity event that will deliver significant value to all stakeholders.A New Chapter: Evolving for the Next Phase of GrowthThe TCR ecosystem has now matured into a global institution operating across more than 40 countries with over 16 major manufacturers. The scale and complexity of the business today demands institutional governance, centralized commercial expertise, and capital markets experience to take the platform to its next level of growth. Kefi B.V. and its aligned shareholders are therefore advocating for the introduction of enhanced professional structures and a business model upgrade that matches the ambition and scale of the opportunity ahead.From Grassroots to World-Class: A Platform for All DriversAt its core, TCR cars remain the most affordable and exciting category in global motorsport. With a complete race-ready car costing a fraction of GT3 or single-seater alternatives, TCR delivers thrilling, close-contact touring car racing that is accessible to a wide range of participants. Yet affordability does not come at the expense of competition quality. The TCR Series attracts the full spectrum of driving talent, from passionate gentleman drivers to top-tier professionals with elite driving skills competing at the highest level of touring car racing. This unique combination of accessibility and world-class competition is what sets the TCR Series apart and gives WSC an unrivalled depth of driver engagement across all levels.Kefi B.V. and its aligned shareholders aim to bring the enthusiasm of motorsport back to the world, to reignite the passion that comes from watching production-based cars, driven by relatable heroes, battling bumper-to-bumper on circuits and street tracks across every continent.Unprecedented Growth and Media ValueThe TCR ecosystem has demonstrated explosive growth. According to recent data certified by IRIS Sport, the Kumho FIA TCR World Tour saw its total media value increase by 103% in the past season alone. Global reach expanded by 33% to 296 million, generating 1.58 billion media contacts. With over 900 hours of broadcasting and a rapidly expanding digital footprint, the TCR ecosystem has proven its capability to deliver massive international visibility, particularly in high-growth markets such as China, Pan-Asia, and Latin America.The TCR Ecosystem: Beyond Traditional RacingThe TCR ecosystem extends well beyond traditional circuit racing. WSC Group's intellectual property encompasses a comprehensive portfolio of assets and growth verticals, including e-sports and competitive sim racing, video gaming (PC and mobile applications), legal street racing events that bring motorsport directly to city centres, the ETCR (Electric) and HTCR (Hybrid) platforms for next-generation powertrains, and TCR-branded racing academies and driving experiences. This breadth of the ecosystem positions WSC Group as a multi-dimensional sports, entertainment, and technology platform with numerous avenues for monetisation and audience growth.Fundraising and Use of ProceedsTo capitalize on this momentum, Kefi B.V. and its aligned shareholders are actively pursuing a new round of fundraising to prepare WSC Group for a public listing. The proceeds will be deployed towards:- General Working Capital: Strengthening the operational foundation and supporting day-to-day business expansion across all markets.- Research & Development and TCR Lab: Establishing a dedicated TCR Lab focused on advancing new materials for car kits and components, developing the ETCR (Electric) and HTCR (Hybrid) platforms, and integrating cutting-edge technologies such as solid-state batteries. The TCR Lab will position the ecosystem as the ultimate R&D testing ground for the automotive industry, attracting manufacturer investment and accelerating innovation.- Marketing and Fan Engagement: Expanding global broadcasting partnerships, developing digital content strategies, building experiential fan engagement platforms, and deepening relationships with drivers, racing teams, and national promoters worldwide.Future Growth Through Strategic AcquisitionsLooking ahead, Kefi B.V. will leverage its extensive global networks and M&A expertise to identify and execute strategic acquisitions that complement and expand the TCR ecosystem. This may include acquiring complementary motorsport properties, technology platforms, media assets, or regional promotion rights that accelerate WSC Group's path to becoming the dominant global touring car and accessible motorsport conglomerate.Valuation Outlook: Exponential UpsideBased on peer comparisons with publicly listed motorsport properties, including Formula 1 (market capitalization exceeding US$22 billion) and MotoGP (acquired by Liberty Media for €4.2 billion at 8.8x revenue), the future valuation of WSC Group upon achieving a public listing is expected to be exponentially higher than its current private valuation. The TCR ecosystem's unmatched global footprint (40+ series, 200+ annual races, 1,000+ cars, 16+ manufacturers) and its rare FIA endorsement represent an IP asset with no direct comparable at its current valuation level. Early investors stand to benefit from a significant valuation re-rating as the company transitions from a privately held entity to a publicly listed global sports and entertainment platform.Welcoming New PartnershipsKefi B.V. and its aligned shareholders warmly welcome new partnerships with major car manufacturers, leading technology companies, and upstream/downstream supply chain participants who share the vision of building the TCR ecosystem into the world's premier accessible motorsport platform.About WSC Group and the TCR EcosystemFounded in 2014, WSC Group is the sole owner of the TCR (Touring Car Racing) technical regulations. TCR is the most successful customer racing concept of the 21st century, currently licensed to over 40 national and regional series globally, encompassing more than 200 annual races. Over 1,000 TCR-specification cars have been built by more than 16 major automotive manufacturers, including Alfa Romeo, Audi, Cupra, Geely, Honda, Hyundai, Peugeot, Toyota, and Volkswagen. In a rare endorsement, the FIA adopted the private TCR regulations for its top-tier touring car world championship, the Kumho FIA TCR World Tour.WSC Group is backed by a consortium of strategic investors who are committed to driving the next phase of the company's global expansion and public listing.Media Contact:Kefi B.V. Corporate CommunicationsAmsterdam / Hong Kongmedia@kefi-bv.com Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
More
OrbusNeich Reports Growth Across All Geographies in 2026 Interim Results ACN Newswire

OrbusNeich Reports Growth Across All Geographies in 2026 Interim Results

Results Highlights:- Revenue increased by 18.1% year-on-year to US$98.7 million, with all geographical markets recording growth.- Gross profit grew by 21.0% to approximately US$67.7 million, with gross profit margin increasing to 68.5%.- Profit for the period attributable to owners of the Company rose by 9.0% to US$21.6 million; core operating profit grew by 20.1% to US$18.1 million.- The Board declared its first-ever interim dividend of HK8 cents per share.- Direct sales accounted for 60.3% of total revenue, with the network expanding to 15 markets, including newly established direct sales teams in the Netherlands, Belgium, and Luxembourg.- The Hangzhou R&D and manufacturing facility is expected to receive its final acceptance certificate in September 2026 and commence operations by the end of 2027; the Group plans to establish a new manufacturing facility in Indonesia to cater to local demand.- To seize opportunities from the “leave nothing behind” trend, the Group’s proprietary coronary paclitaxel DCB has officially commenced clinical trial in Japan with patient enrolment underway.HONG KONG, August 13, 2026 - (ACN Newswire via SeaPRwire.com) - OrbusNeich Medical Group Holdings Limited (“OrbusNeich” or the “Group”; stock code: 6929), a multinational medical device company specializing in interventional devices for percutaneous coronary intervention (“PCI”) and percutaneous transluminal angioplasty (“PTA”), today announced its interim results for the six months ended June 30, 2026 (the “Period”). Despite macro uncertainties, the Group reported growth across all geographical segments.During the Period, the Group’s revenue increased by 18.1% year-on-year to US$98.7 million, supported by sustained product popularity across all regions. Gross profit reached approximately US$67.7 million, an increase of 21.0% from the corresponding period last year, while the gross profit margin rose by 1.6 percentage points to 68.5%. Profit for the period attributable to owners of the Company amounted to US$21.6 million, representing an increase of 9.0% year-on-year. Core operating profit, defined as profit for the period attributable to owners of the Company excluding share-based compensation expenses, net tax credit from deferred tax assets related to tax losses and finance income – net, amounted to US$18.1 million, up 20.1% year-on-year. Basic earnings per share rose to US2.62 cents (first half of 2025: US2.40 cents).The Group maintained a robust financial position, with cash and bank balances (including long-term bank deposits) of approximately US$224.3 million as at June 30, 2026. The Board remains confident in the Group’s business outlook and, having carefully reviewed its capital requirements and dividend policy, has resolved to declare an interim dividend of HK8 cents per share. This marks the Group’s first interim dividend distribution in its history and demonstrates its commitment to creating value and delivering attractive returns to shareholders.Mr. David Chien, Chairman, Executive Director and Chief Executive Officer of OrbusNeich, said, “Despite a complex and volatile global macroeconomic environment, OrbusNeich achieved growth in all major geographical markets, demonstrating the effectiveness of our business strategies, the strength of our global commercial platform and the industry’s trust in our brand. Product innovation remains the cornerstone of our development. Through proprietary R&D and strategic collaborations, we continue to enrich our portfolio while refining our global sales footprint and manufacturing capacity to build a more resilient business ecosystem. The Board’s decision to declare our first interim dividend reflects our confidence in the Group’s prospects and our commitment to creating shareholder value. Looking ahead, we will continue to leverage our competitive strengths to provide quality medical solutions to patients worldwide and generate sustained value for all stakeholders.”Healthy Growth Across All Geographical MarketsAll geographical markets recorded various degrees of growth during the Period. The strong performance of the Group’s proprietary and third-party products, coupled with the direct channel benefiting from the integration of the Taiwan distributor, drove revenue in APAC up 24.5% year-on-year to US$34.0 million. Revenue from the EMEA region grew significantly by 16.7% to US$26.2 million. Limited impacts on the Middle East markets were seen despite the ongoing regional conflict, while European direct sales markets such as Germany, France and Spain delivered robust performance. Meanwhile, the Group’s proactive strategy of participating in volume-based procurement (VBP) programs in the Mainland of China yielded results, with revenue from this market growing 4.8% year-on-year to US$10.1 million. As the Japan and US markets benefited from increased sales of new-generation and high-performance products, revenue from these two markets rose by 6.4% and 5.6%, respectively, reaching US$17.1 million and US$7.9 million.Unleashing Potential of the Robust Global Sales NetworkOrbusNeich’s sales network covers more than 70 countries and regions worldwide. In the first half of 2026, the Group officially launched local sales teams in Belgium, the Netherlands and Luxembourg, successfully transitioning these markets to the direct sales model. This expansion has brought the total number of direct sales markets to 15, which contributed 60.3% of total revenue for the Period.Leveraging its widely recognized global commercialization capabilities, the Group continues to seek strategic partnerships with medical device manufacturers in order to capitalize on opportunities arising from the international expansion of Chinese healthcare companies and to enrich its product offerings. Since 2024, the Group has partnered with SonoScape to introduce its intravascular ultrasound (IVUS) products into select overseas direct sales markets. Product sales continued to grow during the Period and the market response was positive, fully demonstrating the success of this collaboration.Steady Progress in Innovative R&D, Proactive Positioning for the “Leave Nothing Behind” TrendOrbusNeich regards R&D as a core strategic pillar. As at June 30, 2026, the Group held over 215 granted patents and published patent applications in major jurisdictions worldwide, with more than 55 approved products, including 37 PMDA-approved products, 42 CE-marked products, 21 FDA-cleared or approved products, and 27 NMPA-approved products.During the Period, the Group continued to achieve milestones in product registrations and clinical trials, including:- Obtaining PMDA approvals for Sapphire NC ULTRA and Sapphire ULTRA, NMPA approvals for Scoreflex TRIO and Sapphire NC 24, and FDA approval for Teleport Glide;- Submitting applications for FDA approval of JADE Score and Sapphire 3, CE certification for Scoreflex QUAD, and NMPA approval for Teleport Glide, Sapphire NC Ultra, Sapphire ULTRA and JADE PLUS;In addition, patient enrolment for the clinical trial of its proprietary coronary paclitaxel drug-coated balloon (DCB) commenced in July 2026 in Japan. Completion is expected within 16 months, with the product’s first launch anticipated in Japan in 2030. The Group also plans to initiate its clinical studies in the Mainland of China for NMPA registration and CE mark application in the second half of 2026. Development plans for next-generation standard balloons are also in place to further strengthen its product portfolio.Optimizing Global Production Capability to Build a Foundation for Long-Term GrowthAs at June 30, 2026, the Group operates production facilities in Shenzhen, the PRC; Hoevalaken, the Netherlands; and Weil am Rhein, Germany, with an aggregate annual production capacity of approximately 2.1 million units of balloons and stents. To meet growing global demand, construction of the Hangzhou R&D and manufacturing facility is progressing steadily, with interior fitting out works, mechanical equipment installation, and external landscaping well underway. The facility is expected to receive the final acceptance certificate in September 2026 and is scheduled to commence operations by the end of 2027. Additionally, to strengthen its key growth engine in Southeast Asia, the Group plans to invest approximately US$2 million to establish a production base with GFA of 1,500 square meters in Indonesia, from which it will supply balloons locally to meet rising demand.Mr. Chien concluded, “Looking ahead, the Group expects to maintain strong revenue growth in the near term, supported by rising sales of eucatech AG and Scoreflex QUAD products, as well as the accelerated commercialization of third-party products, including IVUS products. In the medium to long term, we will continue to expand our PCI therapeutic portfolio, with our proprietary DCB product progressing on schedule toward regulatory approvals and positioned to become a key growth driver. We will also pursue organic team building and selective acquisitions to strengthen our European presence, enhance global competitiveness, and create sustainable value for patients, healthcare professionals and shareholders.”About OrbusNeich Medical Group Holdings LimitedOrbusNeich is a multinational medical device company specializing in interventional devices for percutaneous coronary intervention (PCI) and percutaneous transluminal angioplasty (PTA) procedures. Headquartered in Hong Kong, China, our Group sells its products in more than 70 countries and regions worldwide. It is also actively expanding into structural heart disease. With an in-house R&D team boasting over 25 years of product development expertise, our Group has developed world-leading proprietary technologies.For more information, please visit the Group’s official website: https://orbusneich.com/.Media InquiriesStrategic Financial Relations LimitedAngelus LauTel: (852) 2864 4805Email: angelus.lau@sprg.com.hkDoris HoTel: (852) 2114 4916Email: doris.ho@sprg.com.hkBailey ZhouTel: (852) 2114 2825Email: bailey.zhou@sprg.com.hkWebsite: https://www.sprg.com.hk/OrbusNeich Medical Group Holdings Limited Maggie LauTel: (852) 3109 7234Email: mlau@orbusneich.comLucille Tsang Tel: (852) 3109 7292Email: ltsang@orbusneich.comWebsite: https://orbusneich.com/ Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
More
Black Spade and iRad Hospital Welcome Massachusetts General Hospital in Hong Kong for In-Depth Discussion on Healthcare Collaboration ACN Newswire

Black Spade and iRad Hospital Welcome Massachusetts General Hospital in Hong Kong for In-Depth Discussion on Healthcare Collaboration

HONG KONG, August 13, 2026 - (ACN Newswire via SeaPRwire.com) - Black Spade Capital Limited (“Black Spade”) and iRad Hospital were pleased to welcome representatives of Massachusetts General Hospital’s senior leadership for an in-depth discussion on strengthening healthcare collaboration, medical coordination, and referral pathways.The meeting focused on exploring how iRad Hospital can work closely with Massachusetts General Hospital to further develop a robust medical coordination framework and referral program, with the goal of supporting iRad Hospital’s continued development as a centre of excellence and providing patients of iRad Hospital with access to additional world leading medical services.Dr. Matthew Ngan, Founder and Chairman of iRad Hospital, commented: “Following our memorable visit to Boston, it was an absolute pleasure to reciprocate the hospitality. Massachusetts General Hospital is an exceptional global partner whose clinical and research excellence speaks for itself. We look forward to deepening our relationship and seamlessly expanding the world-class specialized care options available to our patients.”It was an honour to have a practical and meaningful exchange with the President of Massachusetts General Hospital, Dr. Marcela del Carmen, together with Dr. Marc Succi and Dr. Lucene Tong. During the meeting, the parties exchanged ideas on enhancing patient access to high-quality healthcare services, particularly for patients who may choose to seek medical care in the United States.In addition, Black Spade expressed openness to exploring opportunities with innovative healthcare technology startups and companies connected with Massachusetts General Hospital, reflecting a shared interest in advancing medical innovation and patient-centred care.The discussion was open, constructive, and in-depth, highlighting a mutual commitment to collaboration and the delivery of excellent healthcare services for international patients. Black Spade Capital and iRad Hospital look forward to exploring future opportunities to work together and to further strengthen medical referral pathways, care coordination, healthcare innovation, and patient support.PhotoAbout Black Spade Capital LimitedBlack Spade Capital Limited is an established family office that manages the private investments of Mr. Lawrence Ho. Headquartered in Hong Kong, its global portfolio consists of a wide spectrum of cross-border investments as it consistently seeks to add new projects and opportunities to its investment mix. Black Spade’s investment strategy maximizes coverage of geographic regions and sectors whilst maintaining a portfolio of diversified asset classes, ranging from equity, fixed income, medical technology, leisure and culture, green energy, real estate to Pre-IPO investments. In August 2023, Black Spade Acquisition Co, a blank check company (SPAC) sponsored by Black Spade, completed a US$23 billion business combination with VinFast Auto Ltd. The second SPAC of Black Spade, Black Spade Acquisition II Co, completed a business combination with global media and entertainment powerhouse The Generation Essentials Group in about 9 months’ time in June 2025. Black Spade listed its third SPAC, Black Spade Acquisition III Co in January 2026.About iRad Medical Group —Hong Kong's Largest MRI Diagnostic Service ProviderEstablished in 2005, iRad is a trusted leader in diagnostic radiology across Hong Kong. Black Spade Capital has been iRad Medical's controlling shareholder since 2021. As at 2024, iRad was the largest MRI diagnostic services provider in Hong Kong by revenue and by the number of MRI scanners. Focused on delivering high-quality imaging services and exceptional patient care, the Group's strong and extensive client base includes the Government of the Hong Kong SAR, as well as other high-profile medical groups, insurance companies, corporations, private doctors and NGOs. Meanwhile, iRad Hospital is the first and largest private medical imaging and examination service provider within an integrated resort in Macau, making iRad Group the first medical imaging group in the world to offer comprehensive private imaging and examination services, including MRI and CT services, to the integrated resort industry.About Massachusetts General HospitalMassachusetts General Hospital, founded in 1811, is the original and largest teaching hospital of Harvard Medical School. Mass General conducts the largest hospital-based research program in the United States, bridging innovative science with state-of-the-art clinical care to advance medical breakthroughs. Consistently recognized on the U.S. News & World Report Best Hospitals Honor Roll, Mass General delivers world-class comprehensive care, trains the next generation of healthcare leaders, and maintains an unwavering commitment to the local and global communities it serves. Mass General is a founding member of the Mass General Brigham healthcare system. Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
More
SunScout Holding Limited Becomes First New Zealand-Headquartered Company to Dual List on NYSE American and NYSE Texas ACN Newswire

SunScout Holding Limited Becomes First New Zealand-Headquartered Company to Dual List on NYSE American and NYSE Texas

NEW YORK, Aug 13, 2026 - (ACN Newswire via SeaPRwire.com) - SunScout Holding Limited (the “Company” or “SunScout”) (NYSE American: SNSC), a clean-technology company, commenced trading today. The Company’s Class A ordinary shares began trading concurrently on NYSE American and NYSE Texas on August 12, 2026, making SunScout the first New Zealand-headquartered company to complete a concurrent dual listing on the two exchanges.NYSE Texas was established by Intercontinental Exchange (ICE) in March 2025 and is headquartered in Dallas. Companies listed in Texas have a combined market capitalization of more than $3.9 trillion, making it one of the most dynamic capital markets in the United States. The dual listing is expected to significantly enhance SunScout’s visibility in the U.S. market, particularly in Texas, where the Company is pursuing a strategic expansion, while broadening its reach to investors.According to the Company’s prospectus, SunScout is a clean-technology company engaged in the design, development, and commercialization of autonomous, solar-powered robotic mowers and related solar energy solutions. The Company has developed proprietary Deployable Solar Array (“DSA”) technology, enabling its robotic mowers to operate entirely on solar power for true off-grid operation without grid connection. Equipped with autonomous navigation and AI-powered obstacle avoidance, the robotic mowers are designed to perform mowing operations autonomously with zero emissions.The Company offers its autonomous solar-powered robotic mower product line, including the SunScout Eco, Pro, and ProMax models. SunScout has established distribution partnerships with WWS in Europe and MowBot in Australia and New Zealand, and is engaged in discussions regarding potential distribution with Walmart. It also provides solar power development solutions, developing and installing solar power systems for commercial, industrial, and institutional customers and providing engineering, procurement, and construction services. Additionally, through its Brunton Engineering brand, the Company provides engineering products and services backed by nearly 30 years of experience in precision fabrication and mechanical engineering and is a certified supplier to the New Zealand Defence Force.SunScout is also advancing the establishment of an assembly facility in Austin, Texas, which is expected to support the Company’s U.S. production capabilities and long-term expansion in the North American market. The facility reflects SunScout’s strategy to establish a domestic manufacturing presence at a time when the U.S. is placing greater emphasis on domestic robotics and technology supply chains. This trend has gained additional momentum following recent actions by the U.S. Federal Communications Commission (FCC) restricting the authorization of certain foreign-produced robotics products, underscoring the growing importance of U.S.-based manufacturing and supply-chain resilience.SunScout has delivered rapid growth while accelerating its transition toward a more product-driven business model. For the fiscal year ended June 30, 2025, the Company generated approximately $4.8 million in revenue, representing year-over-year growth of approximately 93.6%. While its solar power development solutions and engineering products and services accounted for the majority of revenue, the SunScout Products business recorded strong growth. Revenue increased from 18.5% of total revenue in FY2024 to 28.0% in FY2025, reflecting steady progress toward a higher-value, product-driven business model. The Company expects its SunScout Products business to maintain sustainable long-term growth as it expands into international markets.Upon completion of the offering, the Company expects to receive gross proceeds of approximately $15.5 million, before deducting underwriting discounts and commissions and other offering expenses. The Company has approximately 23.1 million Class A ordinary shares outstanding, representing an implied market capitalization of approximately $115.5 million based on the offering price. The proceeds from the offering are expected to be used primarily to support the construction of the Company’s manufacturing facility in Austin, Texas; marketing and promotional activities; product research and development; inventory purchases; repayment of one loan; payments related to the acquisition of Brightway Energy LLC; and general corporate working capital.For more information, please contact:SunScout Holding LimitedInvestor Relations DepartmentEmail: investors@snsc.ai Ascent Investor Relations LLCTina XiaoPhone: +1-646-932-7242Email: investors@ascent-ir.com Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
More
Doubleview Gold Corp. Pursues Strategic Government Engagement Following US$400M U.S. Dept of War Scandium Funding Initiative ACN Newswire

Doubleview Gold Corp. Pursues Strategic Government Engagement Following US$400M U.S. Dept of War Scandium Funding Initiative

Vancouver, BC, Aug 12, 2026 - (ACN Newswire via SeaPRwire.com) - Doubleview Gold Corp. (TSXV: DBG) (OTCQX: DBLVF) ("Doubleview" or the "Company") announces that following the historic US$400 million conditional loan commitment by the U.S. Department of War's Office of Strategic Capital (OSC) to fund allied primary scandium infrastructure1, the Company has initiated formal high-level strategic engagements with Canadian federal and provincial leadership.The Company has submitted an official Strategic Policy Brief to the Right Honourable Mark Carney, Chair of the Prime Minister's Economic Advisory Council, and the Honourable David Eby, Premier of British Columbia. The memorandum outlines immediate pathways to secure and fast-track the development of the Company's flagship Hat Project, positioning British Columbia as a critical hub in the newly emerging Western G7 critical minerals and defense supply architecture.The recent multi-million-dollar capital deployment by the United States government marks a decisive turning point in North American critical mineral sovereignty. Scandium is classified as a material of critical defense import due to its role in next-generation high-heat aluminum alloys used in aerospace, defense, and specialized national security applications.Core Highlights of the Hat Project (BC Golden Triangle):Significant Critical Mineral Footprint: As independently validated in the Company's Preliminary Economic Assessment (PEA), the Hat Project hosts 2,415 tonnes of scandium oxide (see Table 2 below) and 80 million pounds of cobalt (see Table 1 below) in the measured and indicated categories.Robust Financial Metrics: The PEA demonstrates stellar economics, yielding an after-tax Net Present Value (NPV) ranging between C$6.73 billion and C$7.27 billion with a 19%-23% Internal Rate of Return (IRR) utilizing consensus metal prices (see news release dated March 23, 2026).Tier-1 Jurisdiction Asset: Located within the infrastructure-rich Golden Triangle of British Columbia, offering an immediate domestic alternative to foreign, adversarial supply chain monopolies.Farshad Shirvani, President and CEO of Doubleview, commented: "The unprecedented mobilization of hundreds of millions of dollars by the U.S. government for allied scandium development signals that the critical mineral race has entered an entirely new, high-velocity operational phase. Canada, and British Columbia specifically, holds the keys to Western security through generational deposits like the Hat Project. We are proactively engaging with Prime Minister Mark Carney and Premier David Eby's offices to ensure that domestic infrastructure capital, streamlined provincial permitting frameworks, and cross-border defense supply integrations are prioritized immediately to capitalize on this migrating G7 capital."The Company plans to provide further corporate updates as its metallurgical optimization, Pre-Feasibility Study (PFS) preparations, and high-level intergovernmental coordination continue to advance.Summary of Mineral Resource EstimateTable 1: Hat MRE at 0.2% CuEq Cut-Off Effective February 4, 2026Mineral Resource ClassificationTonnage(Mt)Average GradeMetal ContentCuEq(%)Cu(%)Au(g/t)Co(%)Ag(g/t)CuEq(Blb)Cu(Blb)Au(Moz)Co(Mlb)Ag(Moz)Measured2720.440.220.180.0080.372.611.111.4135.62.17Indicated3370.430.210.190.0080.393.211.311.8144.52.88Total M+I6090.430.210.180.0080.385.822.423.2280.15.05Inferred5030.410.180.190.0080.384.571.722.7766.24.19 Table 2: Hat MRE at 0.2% CuEq Cut-Off Effective February 4, 2026, Scandium Oxide ResourcesMineral Resource ClassificationTonnage(Mt)Sc Tonnage1(Mt)Average GradeSc (g/t)Metal ContentSc2O3 2 (t)Measured2723428.791,081Indicated3374228.761,334Total M+I6097628.772,415Inferred5036328.691,996 Qualified PersonMineit Consulting Inc (Mineit) prepared the MRE in accordance with CIM Definition Standards on Mineral Resources and Reserves on Mineral Resources and Reserves. A Technical Report in support of the MRE will be filed on SEDAR+ (www.sedarplus.ca) within 45 days.Tomasz Wawruch, FAusIMM, of Mineit, is the Qualified Person for the MRE, and has reviewed and approved the technical disclosure related to the MRE contained in this news release. Mr. Wawruch is a geology and mineral resource consultant independent of Doubleview. Gilles Arseneau, PhD., P.Geo of ARSENEAU Consulting Services Inc. provided an independent peer review of the MRE and did not identify any fatal flaws with the resource model prepared by Tomasz Wawruch.With respect to the Hat Project metallurgical studies, EUR ING Andrew Carter, B.Sc., CEng., MIMMM QMR, MSAIMM SME, of Magister Metallurgy, is Doubleview's Qualified Person, as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects; he has reviewed and approved the technical contents of this news release. Mr. Carter is independent of Doubleview.About the Hat ProjectThe Hat Project is a polymetallic copper-gold-cobalt-scandium project located in northwestern British Columbia. The project hosts a porphyry-style mineralized system and has been the subject of extensive drilling, geological modelling, metallurgical work, and technical studies. Doubleview continues to advance the Hat Project through exploration, technical evaluation, metallurgical test work, and environmental baseline programs.About Doubleview Gold CorpDoubleview Gold Corp, a mineral resource exploration and development company, is based in Vancouver, British Columbia, Canada, and is publicly traded on the TSX-Venture Exchange (TSXV: DBG) (OTCQX: DBLVF) (FSE: A1W038) (FSE: 1D4). Doubleview identifies, acquires and finances precious and base metal exploration projects in North America, particularly in British Columbia. Doubleview increases shareholder value through acquisition and exploration of quality gold, copper and silver properties and the application of advanced state-of-the-art exploration methods. The Company's portfolio of strategic properties provides diversification and mitigates investment risks.On behalf of the Board of Directors,Farshad Shirvani, M.Sc. GeologyPresident & Chief Executive OfficerFor further information please contact:Doubleview Gold Corp, Vancouver, BC Farshad Shirvani, President & CEOT: (604) 678-9587E: corporate@doubleview.caNEITHER 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.Preliminary Economic Assessment Cautionary StatementThe Preliminary Economic Assessment ("PEA") for the Hat Project is preliminary in nature and includes Inferred Mineral Resources that are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as Mineral Reserves. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. The PEA provides a conceptual mine plan and is based on low-level technical and economic assessments that are insufficient to support an evaluation of the economic viability of the Project or to establish Mineral Reserves. There is no certainty that the results of the PEA will be realized. Further exploration and site-specific engineering studies are required before a higher level of confidence can be established for the Project's economics. The economic analysis in the PEA is based on several assumptions including, but not limited to, long term metal prices, foreign exchange rates, metallurgical recoveries, and capital and operating cost estimates. These assumptions are subject to significant risks and uncertainties, and actual results may differ materially from those projected. Readers are cautioned not to place undue reliance on the PEA or the forward-looking information contained in this release.The economic analysis in the PEA is based on several assumptions including, but not limited to, long term metal prices, foreign exchange rates, metallurgical recoveries, and capital and operating cost estimates. These assumptions are subject to significant risks and uncertainties, and actual results may differ materially from those projected. Readers are cautioned not to place undue reliance on the PEA or the forward-looking information contained in this release.Forward-Looking Statements Certain of the statements made and information contained herein may constitute "forward-looking information." In particular references to the private placement and future work programs or expectations on the quality or results of such work programs are subject to risks associated with operations on the property, exploration activity generally, equipment limitations and availability, as well as other risks that we may not be currently aware of. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under 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.This news release contains forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking information includes statements regarding the Company's planned 2026 exploration program, drilling, metallurgical test work, environmental and hydrological studies, topographical mapping, future technical studies, possible mineral resource category conversion, possible deposit expansion, and future project advancement.Forward-looking information involves known and unknown risks, uncertainties, and other factors which might cause actual results, performance, or achievements to differ from those expressed or implied by such information. These risks include exploration risk, metallurgical risk, permitting risk, financing risk, market risk, regulatory risk, weather-related delays, availability of contractors and equipment, laboratory timing, and the risk that drilling or technical work will not produce the expected results.Mineral resource category conversion is not assured. Additional drilling does not guarantee conversion of Inferred mineral resources to Indicated mineral resources or Indicated mineral resources to Measured mineral resources. Step-out drilling does not guarantee expansion of the deposit. Future technical studies, including any Pre-Feasibility Study or Feasibility Study, remain subject to further work, financing, regulatory review, and technical results.The Company does not undertake any obligation to update forward-looking information, except as required by applicable securities laws.Notes:1 Scandium tonnages represent 12.5% of the mineralized material by category, reflecting the proportion of tailings expected to be processed through a dedicated scandium leach circuit under current metallurgical design constraints.2 Scandium oxide metal content have been calculated using the metallurgical recovery of 72% and conversion factor from Sc to Sc2O3 of 1.534. Mineit's Qualified Person, Tomasz Wawruch, FAusIMM, completed the MRE, and has reviewed and approved the technical disclosure related to the MRE contained in this news release. Mr. Wawruch is a senior geology and mineral resource consultant independent of Doubleview. Mr. Gilles Arseneau, PhD., P.Geo., of ARSENEAU Consulting Services Inc., provided an independent review of this MRE.Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues.Inferred Mineral Resources are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as Mineral Reserves. The Mineral Resource Estimate was prepared in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum ("CIM") Definition Standards for Mineral Resources and Mineral Reserves (2014), and CIM MRMR Best Practice Guidelines (2019).The effective date of the MRE is February 4, 2026.Metal contents have been calculated using the following metallurgical recovery factors: Cu = 85%, Au = 89%, Co = 78%, and Ag = 68%.Economic assumptions used include US$4.80/lb Cu, US$20.00/lb Co, US$3,200/oz Au, US$46/oz Ag, and a 2% NSR royalty.Mineral Resources are reported within optimized open pit constraints and 0.2% CuEq cut-off grade, based on a C$7.93/t milled processing cost and C$2.90/t milled general and administrative cost, with a mining cost of C$3.01/t plus incremental mining cost increasing by C$0.015/t for every bench below the reference level of 1,125 mRL.CuEq calculations do not include scandium. The formula used to calculate CuEq is: CuEq = [(((Ag × 46.0 × 0.68)/31.1035) + ((Au × 3200 × 0.89)/31.1035) + 0.0001 × (Co × 20.0 × 0.78 × 22.0462) + 0.0001 × (Cu × 4.8 × 22.0462 × 0.85))/(4.8 × 22.0462 × 0.85)], where all input variables are expressed in (ppm) and CuEq is expressed in percent (%).Rounding may result in minor variations between individual values and totals; such differences are not considered material to the MRE.Mineral Resource classification reflects the level of geological confidence and satisfies the uncertainty criteria appropriate for exploration and resource development. Additional drilling will be required to reduce uncertainty to the level expected for production planning. The MRE reflects the geological interpretation, drill-hole spacing, and estimation parameters available at the time of modelling. Any additional drilling is expected to influence the current outcome by improving confidence in the estimates and refining the geometry of the mineralized domains.The Mineral Resource results are presented in situ within the optimized pit. Mineralized material outside the pit has not been considered as a part of the current MRE tabulation. Calculations used metric units (metres, tonnes, g/t).A total of 97 diamond drill holes, comprising 49,548 m of core, were incorporated into the Mineral Resource Estimate. All drilling data used in the MRE were subject to standard QA/QC validation prior to inclusion.The block model is defined relative to a model origin at UTM Zone 9N 346,750 E / 6,453,000 N / 0 (NAD 83). Parent blocks measure 15 × 15 × 15 m, totalling 136 × 150 × 75 blocks across extents of 2,040 m (X), 2,250 m (Y), and 1,125 m (Z). All volumes and estimates are constrained by these discretization parameters. 1 https://www.war.gov/News/Releases/Release/Article/4566598/office-of-strategic-capital-signs-400-million-conditional-loan-commitment-with/To view the source version of this press release, please visit https://www.newsfilecorp.com/release/309323 Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
More
Haven Safety AI Launches HavenASSURE, an AI Platform for Investigation Quality Assurance, and Achieves SOC 2 Type II Attestation ACN Newswire

Haven Safety AI Launches HavenASSURE, an AI Platform for Investigation Quality Assurance, and Achieves SOC 2 Type II Attestation

ATLANTA, GA, Aug 12, 2026 - (ACN Newswire via SeaPRwire.com) - Haven Safety AI, the AI-powered workplace safety platform transforming how organizations investigate incidents and learn from operational risk, today announced the launch of HavenASSURE, an AI platform for investigation quality assurance. The launch coincides with the company's successful completion of its SOC 2 Type II attestation, reinforcing Haven Safety AI's position as a security-first partner for enterprise safety, risk management, and insurance organizations.HavenASSURE introduces a new approach to incident management by applying Haven's knowledge graphs and AI reasoning capabilities to the quality of completed investigations. It serves as an independent reviewer, identifying missing evidence, overlooked causal factors, weak root cause analysis, insufficient corrective actions, and opportunities to strengthen organizational learning before those findings become part of an organization's institutional knowledge.Designed for enterprise safety organizations, HavenASSURE also extends these capabilities to insurance carriers, third-party administrators, and claims organizations seeking to improve investigation quality, strengthen claims consistency, and identify emerging portfolio risks across large volumes of investigations."Organizations have invested heavily in digitizing incident reporting, but far less attention has been paid to the quality of the investigations themselves," said Joseph Hanna, CEO of Haven Safety AI. "For decades, investigation quality has been measured through audits, peer reviews, and sampling. HavenASSURE changes that by making every investigation reviewable, measurable, and continuously improvable. We believe investigation quality will become as important a safety metric as incident rates themselves."Organizations can use HavenASSURE to continuously improve investigation quality across internal teams, contractors, acquired businesses, historical incident records, and insurance claims, helping ensure every investigation meets a consistent standard before lessons are shared across the enterprise."The value of an incident investigation is determined not by whether it was completed, but by the quality of the conclusions it reaches. The quality of an investigation directly influences the effectiveness of corrective actions, organizational learning, and ultimately future safety performance. Giving organizations a consistent way to evaluate investigation quality represents an important advancement for the safety profession," said Dr. David Michaels, Former Assistant Secretary of Labor for OSHA and Advisor to Haven Safety AIBuilt for Enterprise TrustAs AI becomes embedded in safety-critical workflows, organizations increasingly expect enterprise-grade security, governance, and operational controls from their AI providers, particularly when investigations involve sensitive operational, legal, employee, and claims information.Haven Safety AI's successful SOC 2 Type II examination validates the effectiveness of the company's controls over an extended operating period, providing customers with additional confidence that their data is protected through mature security, availability, and operational practices."Haven was built from the beginning for enterprise environments," Hanna added. "Security, governance, explainability, and regulatory alignment are foundational to our platform, not capabilities added later. As organizations expand their use of AI across safety operations and claims management, they need partners that combine advanced reasoning with enterprise-grade controls."Expanding AI for Insurance and ClaimsWhile originally developed for workplace safety, HavenASSURE also introduces a new approach for insurance carriers and claims organizations. By automatically reviewing completed claims investigations, identifying inconsistencies or missing evidence, evaluating the quality of causal analysis, and surfacing emerging risk indicators across thousands of claims, HavenASSURE helps insurers improve claims quality, strengthen subrogation and litigation readiness, identify systemic loss drivers, and uncover trends that traditional quality assurance processes often miss.Beyond improving individual claims, HavenASSURE enables insurers to transform completed investigations into portfolio-wide operational intelligence, helping inform underwriting, risk engineering, customer loss prevention, and strategic advisory services through deeper insight into the underlying causes of loss.A Connected Platform for Continuous LearningHavenASSURE extends Haven Safety AI's platform, which supports organizations throughout the incident lifecycle, from frontline evidence collection and AI-assisted investigations to investigation quality assurance and enterprise learning.Together, these capabilities create a continuous learning system that captures richer evidence, conducts more consistent investigations, verifies investigation quality, and transforms every incident into trusted organizational knowledge. The result is stronger corrective actions, earlier identification of systemic risks, and an enterprise safety program that becomes smarter with every investigation.About Haven Safety AIHaven Safety AI is an AI-native workplace safety platform that helps organizations investigate incidents faster, improve investigation quality, and accelerate organizational learning. Purpose-built for safety professionals, Haven Safety AI combines advanced AI reasoning with deep domain expertise to support incident capture, investigation, quality assurance, corrective actions, and enterprise learning across high-risk industries.For more information, visit www.havensafety.com.Contact:Mark RottensteinerTheAgency@ACCESSNewswire.comSOURCE: Haven Safety Corporation Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
More
Tingyi (Cayman Islands) Holding Corp. Dual Core Businesses Advance in Synergy, Pioneering Spirit Drives High-Quality Growth ACN Newswire

Tingyi (Cayman Islands) Holding Corp. Dual Core Businesses Advance in Synergy, Pioneering Spirit Drives High-Quality Growth

HONG KONG, August 12, 2026 - (ACN Newswire via SeaPRwire.com) - On August 11, 2026, Tingyi (Cayman Islands) Holding Corp. (0322.HK, the “Company”, together with its subsidiaries, the “Group”) announced its interim results for the six months ended 30 June 2026. In the first half of 2026, driven by our pioneering spirit of “Back to Day 1”, the Group advanced the high-quality development of two core businesses—instant noodles and beverages—through product iteration and upgrading, brand value building, and digital empowerment for greater efficiency. As a result, we delivered steady progress in our operating performance, demonstrating strong resilience and promising growth potential. For the six months ended June 30, 2026, the Group’s revenue grew 1.1% year-on-year to RMB40.545 billion. Of this, the revenue from Instant Noodles was RMB13.733 billion, while the revenue from Beverages was RMB26.541 billion. Gross margin grew 1.3 percentage points year-on-year to 35.8%. EBITDA grew 3.6% year-on-year to RMB5.645 billion. Driven by the improved gross margin, profit attributable to owners of the Company increased by 7.1% year-on-year to RMB2.433 billion.Financial Summary For the six months ended 30 June RMB’00020262025ChangeRevenue40,544,56540,092,163↑ 1.1%Gross margin35.8%34.5%↑ 1.3 ppt.Gross profit of the Group14,507,10113,815,035↑ 5%EBITDA5,644,9005,450,637↑ 3.6%Profit for the period2,889,7562,688,304↑ 7.5%Profit attributable to owners of the Company2,433,0422,271,116↑ 7.1%Adjusted profit attributable to owners of the Company*2,433,0422,111,604↑ 15.2%Earnings per share RMB cents Basic43.1640.30↑ 2.86centsDiluted43.1540.28↑ 2.87centsAs at 30 June 2026, cash at bank and on hand (including long-term time deposits) was RMB23,669.818 million, representing an increase of RMB4,183.762 million when compared to 31 December 2025. Gearing ratio was -48.6%.* Adjusted profit attributable to owners of the Company include all profit attributable to owners of the Company with the exception of the one-off gain on disposal of specific subsidiaries, properties, plant and equipment and right-of-use assets (“Asset Activation Programme”). In the first half of 2026, China's food and beverage industry entered a new phase of high-quality development, characterized by both optimization of the existing market and structural upgrading. Amid cost pressures arising from fluctuations in raw material prices, companies are accelerating the enhancement of their cost-control systems to strengthen operational resilience and risk management capabilities. Consumers have become more rational and pragmatic, with “cost-effectiveness” and “quality-price ratio” emerging as key purchasing considerations. as key purchasing considerations. On the channel front, emerging formats—including instant retailing, preference-based e-commerce, and bulk snack retailing—are expanding at rapidly, fundamentally reshaping the industry's distribution landscape.Faced with a complex and ever-changing market environment,, the Group remains consumer-centric, driving high-quality growth across its two core businesses—Instant Noodles and Beverages. The pioneering spirit of “Back to Day 1”, established by the management team, promoted the organizational rejuvenation with younger talents and agility in decision-making, thus injecting new momentum into growth. Strategically, the Instant Noodles business focuses on “consolidating flagship products, dominating popular flavor segments, and cultivating innovative products,” while the Beverages business focuses on “consolidating core products and developing innovative products”. Operationally, we place customer priority at the forefront, leveraging data-driven insights and AI to enhance management efficiency, while adopting “Incentive Mechanism Reform” to unlock organizational vitality and build an efficient, agile, and sustainable growth engine. In the first half of 2026, revenue from the Instant Noodles business was RMB13.733 billion, with a year-on-year growth of 2%, accounting for 33.9% of the Group’s total revenue. During the period, the gross profit margin of Instant Noodles segment grew 2.5 percentage points year-on-year to 30.3%. As a result of the year-on-year improvement in gross profit margin, the profit attributable to shareholders of the Group in the Instant Noodles segment grew 5.5% year-on-year to RMB1.003 billion in H1 2026. During the period, the instant noodles business continued to refine its multi-tiered product matrix—covering “High-Priced Noodles, Premium/Super-Premium Noodles, and Mid-Priced Noodles”—driving steady growth in core categories while fostering synergistic development of innovative offerings, to holistically meet consumers' increasingly sophisticated and diverse needs. Within the High-Priced Noodles, we deepened scenario-based engagement, leveraged IP collaborations, amplified reach through celebrity endorsements, integrated aerospace-patented technologies, and executed precision channel operations—achieving omnichannel resonance in brand communications and reinforcing the high-quality image of “Space-tech Chosen Noodles”. The Premium/Super-Premium Noodles focused on process innovation, health-oriented upgrades, and scenario-driven operations to strengthen its competitive barriers in the quality consumption segment and proactively build new growth trajectories. The Mid-Priced Noodles balanced classic brand heritage with breakthrough innovation, stabilizing its core base while accelerating penetration into younger consumer cohorts, effectively energizing category development. On the channel front, we deepened strategic partnerships with online/offline platforms and major retail hubs, leveraging refined membership operations to enhance channel stickiness and repurchase contribution. By fortifying core category fundamentals, activating innovation-driven growth momentum, and deepening brand recognition among consumers, the instant noodles business sustained its competitive edge and laid a solid foundation for the Group's long-term growth.Revenue from the Beverages business was RMB26.541 billion, with a year-on-year growth of 0.7%, accounting for 65.5% of the Group’s total revenue. During the period, the gross profit margin of Beverages grew 0.7 percentage points year-on-year to 38.4%. Due to the year-on-year improvement in gross profit margin, the profit attributable to the shareholders of the Group grew 10.7% year-on-year to RMB1.478 billion in H1 2026. During the period, we systematically advanced three major initiatives—product upgrade and iteration, operational efficiency enhancement, and precision marketing breakthrough—across our five core beverage segments: RTD tea, carbonated soft drinks, juices, bottled water, coffee drinks and other categories. Our goal is to build a diversified product portfolio that balances classic and innovative offerings, mass-market and premium options, as well as taste and health benefits. On the product front, we implemented multi-category expansion and structural upgrades, reinforcing the strengths of core flagship products while accelerating entry into emerging categories such as sugar-free tea and plant-based beverages, swiftly responding to the health-conscious consumer trend. On the channel front, we drove growth through both online and offline efforts—deepening offline presence in traditional supermarkets, campus outlets, and lower-tier markets, while expanding online reach through partnerships with instant-retail platforms including Xiaoxiang Supermarket. On the brand-building front, we leveraged a mix of social media content marketing, scenario-based campaigns, and IP collaborations to boost brand influence and penetration among younger demographics. With all five categories advancing in synergy, the beverages business is building competitive moats through the concurrent cultivation of brand awareness and consumer habits.Mr. Wei Hong-Chen, Chief Executive Officer, commented, “Looking ahead to the second half of 2026, the external macro environment remains fraught with uncertainties, yet the trends of digital transformation and industrial upgrading continue to deepen, while supportive policies to boost consumption are gradually taking effect. In this complex landscape of both challenges and opportunities, our Group has embraced the pioneering spirit of ‘Back to Day 1’—orienting ourselves toward long-term value creation, leveraging the inherent vitality of a younger organization and the competitive edge of data-driven intelligent operations to drive quality upgrades and efficiency leaps. Our goal is to fully deliver on annual operating targets and achieve steady, high-quality growth in overall performance. On the product front, we will be precisely attuned to consumers' dual demand for health benefits and flavor experiences, accelerating product renewal and incubating new offerings. On the brand front, we will engage users with genuine, heartfelt interactions, embedding brand touchpoints into the daily routines of our target audiences, steadily building emotional resonance and brand trust. On the channel front, we will break through traditional retail boundaries by orchestrating an integrated online-offline omni channel network to expand consumer reach. On the financial front, we will tighten cost governance and empower long-term development through digital tools. On the talent front, a culture of efficiency, agility and entrepreneurial drive will energize our workforce and strengthen organizational resilience to navigate operational challenges. As we mark the 30th anniversary of our Group's public listing, we remain true to our founding mission: ‘Life + Delicacy’. We have consistently to invest in food safety, sustainable development and other key areas to ensure that responsible operations are fully embedded across our business and that the foundation of our Chinese national brand remain solid. Looking forward, we will develop products with respect and dedication, engage consumers with sincerity, and work with partners based on trust and integrity. W By innovating while staying true to our fundamentals and advancing steadily with a long-term vision, we will remain firmly committed to the path of high-quality development.”About Tingyi (Cayman Islands) Holding Corp. (0322.HK)Tingyi (Cayman Islands) Holding Corp. (the “Company”), and its subsidiaries (the “Group”) specialise in the production and distribution of instant noodles and beverages in the People’s Republic of China (the “PRC”). The Group started its instant noodle business in 1992, and expanded into instant food business and beverage business in 1996. In March 2012, the Group further expanded its beverage business by forming a strategic alliance with PepsiCo for the beverage business in the PRC. The Company exclusively manufactures, bottles, packages, distributes and sells PepsiCo soft drinks in the PRC. After years of hard work and accumulation, “Master Kong” has become one of the best-known brands among consumers in the PRC.For enquiries, please contact:Investor EnquiriesInvestor Relations Team, Tingyi (Cayman Islands) Holding Corp.E-mail: ir@tingyi.comChristensen China LimitedStephanie ChenE-mail: stephanie.chen@christensencomms.comTel: +852 2117 0861 Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
More
Hanking Gold (03788.HK) Awards Dry and Wet Plant Contracts for the Mt Bundy Gold Project, Advancing Steadily Towards First Gold in Q1 2028 ACN Newswire

Hanking Gold (03788.HK) Awards Dry and Wet Plant Contracts for the Mt Bundy Gold Project, Advancing Steadily Towards First Gold in Q1 2028

HONG KONG, August 12, 2026 - (ACN Newswire via SeaPRwire.com) - On August 10th 2026, the board of directors of Hanking Gold International Limited (03788.HK; “Hanking Gold” or the “Company”) is pleased to announce that, its wholly-owned subsidiary, Primary Gold Pty Ltd, has awarded two contracts for the construction of the 5.5 Mtpa processing plant of the Mt Bundy Gold Project to the two experienced Australian delivery contractors, Delonix Solutions and CPC Engineering.Delonix Solutions will provide EPC services for the Dry Plant, covering the full design, engineering, procurement, construction, installation and commissioning of the Dry Plant. The EPC contract has a fixed price of AUD92.48 million. Critical commercial protections contain a fixed lump-sum price, liquidated damages and retention, insurance and professional indemnity requirements, and direct payment by Primary Gold of major equipment packages, with title to equipment and materials passing to Primary Gold on payment or delivery.Under the EPC contract, the Dry Plant is designed for a maximum throughput of 7.0 Mtpa, providing headroom above the 5.5 Mtpa nameplate plant duty and built-in capacity for future expansion. Construction is targeted to be completed with the Dry Plant completion and commissioning in December 2027.CPC Engineering will provide engineering, procurement and construction management (EPCM) services for the Wet Plant. It will also manage the Wet Plant procurement on behalf of Primary Gold and administer the interface with Delonix Solutions’ Dry Plant EPC contract. The EPCM budget is AUD28.50 million including a 15% contingency allowance. This comprises a fixed lump-sum price of AUD9,462,257 for the engineering and procurement(EP) component.Under the EPCM contract, the works for the Wet Plant are to be completed with engineering completion before April 2027 and Wet Plant commissioning in early 2028 to supporting first gold pour in the first quarter of 2028.The selected delivery model combines an EPC for the Dry Plant and an EPCM for the Wet Plant. This gives the Company direct visibility of, and control over major equipment procurement while retaining schedule flexibility. Total capital expenditure for the two Process Plants is estimated at AUD393.97 million. In addition to the two contract amounts above, this includes a capital estimate of AUD229.29 million for the Wet Plant and a contingency allowance of AUD43.50 million. As at August 10th 2026, the cash reserve for the gold business is approximately AUD220 million. Moreover, the Company is at an a advanced stage in its competitive debt finance tendering process with 14 Australian and international commercial banks participating in the process. The company has full confidence to secure sufficient funds for its gold development business.Dr. Qiu Yumin, an Executive Director and the Chief Executive Officer and President of the Company, said: “The award of the EPC and the EPCM contracts for the processing plant construction is a major step in the development of the Mt Bundy Gold Project into a gold-producing mine. We appreciate the firm commitments made by these two experienced Australian contractors with strong track records in mineral processing delivery to deliver this exciting project on time and within budget. We are pleased that the EPC/EPCM contracts confirm our DFS with capital cost and schedule in line with our stated development and production plan, albeit under the challenging Australian labour market conditions. We thank all participating tenderers for their offers and comments, which helped us refine our design for a stronger and simpler processing plant with future throughput growth flexibility.The Dry Plant is contracted on a lump sum fixed price with performance guarantees, and the Wet Plant engineering and procurement is fixed price, which gives the Company a high degree of cost certainty as we move into the construction phase. With the Ball Mill ordered, construction site cleared and earthworks underway, we remain firmly on track to commence gold production in the first quarter of 2028, which is set to deliver value for Shareholders and other stakeholders of the Company. The construction of the processing plant and the upcoming mining activities will create up to 400 jobs. We firmly commit, in collaboration with our EPC and EPCM contractors, to deliver the project in a safe and sustainable way.”About Delonix SolutionsDelonix Solutions is a Perth-based mineral processing engineering company founded in 2011, delivering projects under the EPC, the EPCM, BOO and BOOT models across Australia and international markets. Delonix Solutions specialises in crushing, screening, comminution and conveying systems, integrating ROM walls, stockpiles and ore reclaims, and has developed a proprietary whole-of-system modular design methodology for high-throughput, low-head circuits. Its multi-disciplinary team spans structural, mechanical, civil, piping, electrical and instrumentation engineering, and it has delivered large-scale ore processing and materials handling infrastructure for major mining operations in Australia and Africa.About CPC EngineeringCPC Engineering is a Western Australian engineering group with more than 50 years of operating history, providing engineering design, construction, commissioning and maintenance services to the mineral resources sector. CPC Engineering offers end-to-end delivery from metallurgical testwork and feasibility study through design, procurement, construction management and asset management, with particular depth in mineral concentration and hydrometallurgical processing. The group operates an integrated network of design offices and workshops across Western Australia, including Kalgoorlie, Esperance, Albany, Port Hedland and Karratha, and has delivered projects in Australia, Asia and Africa. Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
More
Malaysia and Hong Kong deepen business ties to unlock new pathways for regional growth ACN Newswire

Malaysia and Hong Kong deepen business ties to unlock new pathways for regional growth

Kuala Lumpur, Malaysia, August 11, 2026 - (ACN Newswire via SeaPRwire.com) - The Hong Kong Trade Development Council (HKTDC) today hosted its flagship overseas promotion, Think Business, Think Hong Kong (TBTHK), in Kuala Lumpur, offering Malaysian business leaders direct access to government officials, investors, founders, innovators and professional service providers.The symposium brought together some 1,600 business leaders from Hong Kong and Malaysia for a day of dialogue, networking, business matching and one-on-one consultations. Among them are over 200 government and business leaders, start-up entrepreneurs and professional service providers from Hong Kong, marking a historic high. During the event, over 300 tailored business matching meetings were lined up to help Malaysian companies find the right Hong Kong partners to expand internationally.As businesses navigate shifting global trade dynamics and seek more resilient pathways for international growth, the symposium offered vast opportunities for Malaysian businesses to access capital, diversify their business networks, establish cross-border partnerships and expand into the Guangdong-Hong Kong-Macao Greater Bay Area (GBA), the wider Chinese Mainland and global markets through Hong Kong.The opening ceremony was officiated by Prof Frederick Ma, Chairman of HKTDC, together with The Honourable Algernon Yau, Secretary for Commerce and Economic Development of the Hong Kong SAR Government, and YB Loke Siew Fook, Malaysia's Minister of Transport.In his welcome remarks, Prof Ma said: “Especially at times like these – when businesses are navigating geopolitical uncertainty, evolving supply chains and rapid advances in technology – trusted connections and strong networks are more valuable than ever. First launched in 2011 and held in major cities all around the world, TBTHK has proven to be popular and successful. It is a platform via which networks are expanded, relationships are deepened and new partnerships are forged. Today’s symposium is a timely opportunity to build on the close ties that we have all benefitted from – in so many different and rewarding ways – over the years.”In his opening remarks, Mr Yau said: “For Malaysian companies, the Chinese Mainland is for no doubt a huge market not to be missed. Especially at times like this, everyone is talking about diversification. Apart from strengthening your operations in the local market, it is always good to tap the potentials from overseas markets, including the Chinese Mainland. Hong Kong has the knowhow and expertise to help Malaysian companies to navigate the Chinese Mainland markets. We have been doing it for a long time, and we are good at it. The other way around, we are also supporting Chinese Mainland enterprises to go overseas via Hong Kong. We established the GoGlobal Task Force (Task Force on Supporting Mainland Enterprises in Going Global) last year to provide one-stop, customised support services to facilitate outbound direct investment into overseas markets, including Malaysia and beyond.”In his special remarks, Mr Loke said connectivity Is the precondition for movement of capital and people, with Kuala Lumpur and Hong Kong being under four hours flight apart and sharing the same time zone.“The same logic governs freight. Hong Kong International Airport is among the busiest cargo gateways in the world, while Port Klang sits on one of the most heavily used shipping lanes globally. Malaysia's exports are increasingly electronics, semiconductors and other high-value goods that are time-sensitive and travel by air. Therefore, Hong Kong's depth in logistics, trade finance, arbitration and professional services is the natural complement to that. If your business depends on moving a product from a Malaysian factory to a customer anywhere in Asia, Europe or North America quickly and with the documentation in order, this is a corridor you should be examining closely,” he said.Mr Loke also pointed out that Malaysia wants more events of TBTHK’s calibre to be held in the country, to facilitate business discussions, networking and build foundations for future collaborations.Opening new growth pathways for Malaysian businessesThe programme featured a flagship plenary session chaired by Lincoln Pan, Chief Executive Officer of Jardine Matheson Holdings Limited, with heavyweight speakers, including Bonnie Y Chan, Chief Executive Officer of Hong Kong Exchanges and Clearing Limited, Tan Sri Dato’ David Chiu, Chairman and Chief Executive Officer of Far East Consortium International Limited, Daniel R Fung, Senior Counsel, Des Voeux Chambers; Founding Chairman, ASEAN Chamber of Commerce (Hong Kong); Vice Chairman, Financial Services Development Council, Datuk Wira Song Hoi See, Founder and Chief Executive Officer, Plaza Premium Group; Chairman, Malaysian Chamber of Commerce Hong Kong and Macau, and Thomas Tsao, Co-founder and Chair of Gobi Partners, who discussed Asia's evolving business landscape and how companies can position themselves to capture emerging regional opportunities.Reflecting Malaysia's growing strategic importance in ASEAN and the evolving priorities of businesses across the region, four thematic sessions explored key areas of collaboration between Hong Kong and Malaysia.The Capturing RMB Opportunities in Trade, Financing and Investment – Hong Kong’s Strategic Role session, co-organised with the Hong Kong Monetary Authority, explored the growing role of the Renminbi in trade, investment and treasury management. Speakers discussed how Malaysian businesses can leverage Hong Kong's position as the world's leading offshore RMB hub to support regional and Chinese Mainland expansion.The GreenBiz Hong Kong: Driving the Green Transition with Green Finance, Innovation and Cross-Border Collaboration session, supported by the Hong Kong Cyberport Management Company Limited, examined how sustainable growth can be achieved. Participants highlighted opportunities in green finance, climate technology and data-driven solutions as well as Hong Kong's role in connecting green capital and innovation across the region.Following the luncheon, the Strategic Resilience: Capitalising on Hong Kong as a Base for Regional Expansion session, co-organised with Invest Hong Kong, explored how companies can strengthen regional expansion strategies amid a changing global business landscape. Featuring firsthand insights from international tech pioneers, expanding educational operators, and premier regional advisors, this session demonstrated how partnering with Hong Kong provides the structural stability to optimise corporate assets, mitigate geopolitical risk, and accelerate growth across ASEAN and Greater China.The Accelerating the Global Expansion of Life and Health Technology Through Ecosystem Collaboration session, co-organised with the Hong Kong-Shenzhen Innovation and Technology Park, focused on how ecosystem collaboration can accelerate the commercialisation and global expansion of health and biotech innovations. Industry leaders shared insights on leveraging partnerships, talent and innovation networks to scale new technologies internationally.10 MoUs, over 300 business matching meetings forge new partnershipsThis year’s TBTHK also witnessed the signing of 10 memoranda of understanding (MoUs), including those signed by various media companies with their respective partners, underscoring growing collaboration between Hong Kong’s services sector and Malaysia’s business community.In addition to the symposium, some 30 Hong Kong service providers and start-ups featured their flagship products and solutions in the exhibition’s Business Support Zone and InnoVenture Salon to create opportunities for collaboration with Malaysian participants. Over 300 one-on-one business consultations and on-site business matching also facilitated deals and cooperation between Malaysian and Hong Kong companies.The Hong Kong Tourism Board also brought a taste of Hong Kong's vibrant culinary culture to TBTHK. Participants had the opportunity to sample signature offerings from Chinesology, Hong Kong's pioneering Muslim-friendly fine-dining Chinese restaurant, and Bar Leone, the first Asian bar to top The World's 50 Best Bars list, highlighting the city's creativity, diversity and world-class hospitality.The Hong Kong Luncheon held during the symposium was hosted by Mr Yau and Malaysia’s Deputy Minister of Finance YB Liew Chin Tong. It was attended by over 300 prominent guests from government and business sectors.This promotion is also part of the Hong Kong SAR Government’s Economic Trade and Express initiative encouraging Hong Kong SMEs and startups to conduct more overseas visits exploring business opportunities, while bringing in more enterprises to invest in and establish businesses in Hong Kong.Event highlight video: https://youtu.be/chRbKeEzF2APhoto Download: https://bit.ly/3TQ7nyLThink Business, Think Hong Kong Kuala Lumpur organised by the HKTDC was held on 11 August, attracting some 1,600 participants. The plenary session discussed Asia's evolving business landscape and how companies can position themselves to capture emerging regional opportunities(From left to right) Muzambli Markam, Consulate General of Malaysia in Hong Kong, Loke Siew Fook, Minister of Transport of Malaysia, Prof Frederick Ma, Chairman of the HKTDC, Algernon Yau, Secretary for Commerce and Economic Development, Ambassador Ouyang Yujing, Extraordinary and Plenipotentiary of the People's Republic of China to Malaysia, Sophia Chong, Executive Director of the HKTDCProf Frederick Ma, Chairman of the HKTDC, delivered welcome remarksThe Honourable Algernon Yau, Secretary for Commerce and Economic Development, gave opening remarksYB Loke Siew Fook, Malaysia's Minister of Transport, made special remarksThe TBTHK symposium featured an InnoVenture Salon exhibition with Hong Kong start-ups showcasing their innovationsThe Hong Kong Tourism Board also brought a taste of Hong Kong's vibrant culinary culture to TBTHK. Participants had the opportunity to sample Halal abalone from Chinesology, Hong Kong's pioneering Muslim-friendly fine-dining Chinese restaurantThis year’s TBTHK witnessed the signing of 10 memoranda of understanding, underscoring growing collaboration between Hong Kong’s professional services sector and Malaysia’s business community.The Hong Kong Luncheon was hosted by Mr Yau and Malaysia’s Deputy Minister of Finance YB Liew Chin Tong. It was attended by over 300 prominent guests from political and business circles. Media enquiriesHKTDC’s Kuala Lumpur office:Celine LowTel: (603) 2381 1061Email: celine.ps.low@hktdc.org Zeno:Jacqueline KhooTel: (6016) 453 8183Email: jacqueline.khoo@zenogroup.comSally LeeTel: (6018) 918 8072Email: sally.lee@zenogroup.com HKTDC’s Communications & Public Affairs Department:Jane CheungTel: (852) 2584 4137Email: jane.mh.cheung@hktdc.orgSam HoTel: (852) 2584 4569Email: sam.sy.ho@hktdc.orgHKTDC Media Room: http://mediaroom.hktdc.comAbout HKTDC The 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 trade publications, 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
More
MMG Announces 2026 Interim Results ACN Newswire

MMG Announces 2026 Interim Results

HONG KONG, August 11, 2026 - (ACN Newswire via SeaPRwire.com) - MMG Limited (“MMG”, stock code: 1208) has today reported a net profit after tax of US$1,366.0 million for the 6 months to June 30, 2026. This is a record result and builds on the strong momentum established in 2025. Cashflow from Operations was US$2,233.9 million, with Cash and Earnings up 141 and 89 per cent respectively on the first half of 2025. Watch the Message from CEO:https://www.youtube.com/watch?v=dv0SCSgzYfsThe financial results were primarily driven by solid operational execution across all sites and higher realised commodity prices, alongside robust operating cash generation and the successful launch of the approximately US$1.6 billion equity placement and Convertible Bonds issuance in June 2026.“During the first half we delivered some outstanding financial and production outcomes, including a record profit after tax of US$1.36 billion and record operating cash flow," said Ivo Zhao, MMG’s CEO. "Higher sales volumes, favourable prices and disciplined execution across our operations all contributed to this result.”MMG's total recordable injury frequency (TRIF) increased to 2.06 per million hours worked in the first half of 2026, compared to 1.81 in the first half of 2025. The significant events with energy exchange frequency (SEEEF) improved to 0.55 per million hours worked compared to 0.78 in the first half of 2025. Safety is MMG's first value, and the company continues to be focused on contractor management, proactive field observations and the effective implementation of critical controls.Operationally, MMG achieved its highest first-half copper production since 2018, driven by another impressive performance from Las Bambas, whilst Kinsevere realised the benefits of its sulphide expansion and Khoemacau delivered solid operating and financial performance. Its Australian operations also delivered strong production and financial performances and continued to demonstrate the strength of MMG's diversified portfolio.Highlights include:- Record first half results for both EBITDA and EBIT, with EBITDA at US$2,727.4 million, representing a 77 per cent increase compared to the first half of 2025, and EBIT totalling US$2,177.2 million, an increase of 106 per cent over the same period.- Net profit after tax of US$1,366.0 million, including a first-half profit of US$897.2 million attributable to equity holders of the company.- An 89 per cent increase in net cash flow from operations, totalling a record US$2,233.9 million, reflecting stronger earnings and disciplined operational execution.- A strengthened balance sheet due to robust cash generation from operations and the successful execution of the approximately US$1.6 billion Convertible Bonds issuance and share placement in June 2026.- Net debt decreased from US$3,351.4 million to US$608.4 million and reduced group-level gearing, down from 33 per cent to 6 per cent over the first half of 2026.- Las Bambas produced 210,195 tonnes of copper in copper concentrate in the first half of 2026, revenue increased 65 per cent to US$3,307.9 million and EBITDA increased 72 per cent to US$2,251.1 million."Strong cash generation and our largest-ever capital raising enabled us to reduce net debt by more than 80 per cent. This strengthened our balance sheet and provides greater flexibility to invest in growth and advance our strategic priorities," said Ivo Zhao, MMG’s CEO. “It has been an excellent start to the year, and we have positive momentum heading into the second half."MMG continued to advance its growth pipeline during the first half, with construction commencing on the Khoemacau expansion project and the reporting of two Maiden Mineral Resources. These included the significant Kgwebe copper deposit, adding approximately 1.4 million tonnes of copper to Khoemacau's Mineral Resources, and a polymetallic Mineral Resource at High Lake East within the Izok Project. MMG also reported the prospective Wallaroo copper target at Dugald River, reinforcing its focus on exploration, resource-to-reserve conversion and the expansion of its existing operations.Guidance for the year remains unchanged, with total production aiming for a high end of 528,000 tonnes of copper and 235,000 tonnes of zinc. Las Bambas is expected to produce up to 400,000 tonnes of copper in 2026.MMG’s 2026 Interim Results Report is available here.Dugald RiverKhoemacauKinsevereLas BambasRoseberyPhoto download link: https://drive.google.com/drive/folders/1aSF2F1dMukUU7asMRmxh_J0nEkFaYhdl?usp=drive_linkAbout MMG Founded in 2009, MMG’s vision is to create a leading international mining company for a low carbon future. The company is headquartered in Melbourne, Australia and Hong Kong and Beijing, China and listed on the Hong Kong Stock Exchange (HKEX1208).MMG’s portfolio supports copper, zinc and cobalt production, with soon to be nickel – products that are critical to achieving global decarbonisation and electrification targets. With operations in Australia, Botswana, the Democratic Republic of Congo and Latin America, the company makes a direct contribution to the economic and social development of its host countries.In 2025, MMG released its first nature strategy and progressed a refresh of its climate strategy. MMG's membership of the UN Global Compact further aligns the company with global leaders on human rights, climate action, and governance. Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
More
Strong Momentum: Saint Bella Group Issues Interim Positive Profit Alert, with Adjusted Net Profit Expected to Rise by Over 54% ACN Newswire

Strong Momentum: Saint Bella Group Issues Interim Positive Profit Alert, with Adjusted Net Profit Expected to Rise by Over 54%

HONG KONG, August 11, 2026 - (ACN Newswire via SeaPRwire.com) - Saint Bella Group (2508.HK) has issued a positive profit alert for the six months ended 30 June 2026. The Group expects to record revenue of at least RMB 608.0 million—a year-on-year growth of at least 35%—and an adjusted net profit of at least RMB 60.0 million, up over 54% year-on-year.Across the family care sector—where average consumer spend remains under pressure and expansion costs are high—scale and margin typically move in opposite directions. Saint Bella Group has delivered concurrent improvements on both fronts.Normalizing the Base: Underlying Operating PowerThe statutory net profit figure warrants context. Statutory net profit is expected to be at least RMB 53.4million, compared to RMB 326.9 million in H1 2025. This variance bears no relation to operational health. In H1 2025, the Group recognized a one-off, non-cash fair value gain of RMB 318.2 million on pre-IPO financial instruments. Following its listing on the Stock Exchange of Hong Kong, these instruments were fully converted into ordinary shares, eliminating further fair value adjustments.Adjusted net profit is therefore the true measure of year-on-year performance. The elevated 2025 base was an accounting event; this year’s growth reflects core operating capability. As a company that listed in 2025, this marks the first reporting period where Saint Bella's core earnings power is presented cleanly to the market.A Reinforced Core BusinessPostpartum care centers remain the Group's core business and revenue anchor. The alert demonstrates steady improvements in brand premium and average spend per customer. In an industry highly dependent on word-of-mouth and localized execution, core business stability provides the primary foundation for expansion.Deepening core capabilities also serves as an efficient client acquisition strategy for downstream services. The trust built during a client's postpartum stay is an asset that is difficult to replicate, enabling Saint Bella to cross-sell adjacent services far more cost-effectively than acquiring cold traffic.Expanding the Lifetime Value: From 28 Days to Full-Cycle Family CareWhile a standard postpartum stay lasts 28 days, customer needs extend far beyond. During the period, Saint Bella's adjacent business lines—postpartum recovery care (STB Institute), home-based nursing (PrimeCare), and health nutrition (Guang He Tang)—all demonstrated strong growth:- Guang He Tang: Positions itself as a full-cycle Chinese nutritional brand for women, spanning pregnancy, postpartum recovery, and menopause.- STB Institute: Delivers specialist care for expectant/new mothers and women's long-term wellness, reinforcing offline touchpoints and brand positioning.- PrimeCare: Introduced an age-tiered childcare program tailored for infants across developmental stages, extending customer engagement into early childhood.None of these extension businesses require acquiring clients from scratch; they scale on the existing customer base, systematically improving the Group's overall revenue mix.Twin Growth Engines: Organic Network Expansion & Strategic M&A- Organic Growth: Saint Bella continued expanding into new Chinese cities throughout H1 2026. Internationally, the opening of its first Baby Bella store in Singapore in April marked a shift from single-brand internationalization to a coordinated, multi-brand global strategy.- Strategic Acquisition: On 22 June 2026, the Group acquired Freya, a leading maternal and infant care brand in Wuhan with 13 years of local presence. Freya operates three standalone centers in prime districts (including a flagship 15,000 sq. m. facility with 160+ suites). This transaction doubles Saint Bella’s directly operated center count and capacity in central China while enhancing its standalone operational capabilities. Because the deal closed near period-end, its financial contributions will begin reflecting in H2 2026.AI-Driven Operational EfficiencySupported by refined management systems, Saint Bella’s selling and administrative expense ratios declined year-on-year. Dr. Bella, the Group’s proprietary domain-specific large language model, was integrated into in-centre operations and home-based services, boosting workforce productivity. Commercialization of its AI agent business also achieved its first revenue breakthrough. Technology continues to serve as an efficiency driver, helping optimize cost structures as operations scale.Share Buybacks & Full-Year OutlookSaint Bella Group has conducted regular share repurchases, reinforcing management’s confidence in the company’s intrinsic value and enhancing earnings per share (EPS). Looking ahead, the Group will continue executing its dual strategy of deepening core business capabilities and driving organic/inorganic network expansion across domestic and international markets. Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
More
GMG Announces Updated Battery Brand ACN Newswire

GMG Announces Updated Battery Brand

BRISBANE, AUS, Aug 10, 2026 - (ACN Newswire via SeaPRwire.com) - Graphene Manufacturing Group Ltd. (TSXV: GMG) (OTCQX: GMGMF) ("GMG" or the "Company") is pleased to provide the latest progress update on the next generation graphene battery technology being developed by GMG and the University of Queensland ("UQ") under a Joint Development Agreement with Rio Tinto, one of the world's largest metals and mining groups, and with the support of the Battery Innovation Center of Indiana ("BIC") in the United States of America. As shown in Figure 1, and the launch video shown in Figure 2, GMG has updated its branding to be used for all graphene battery cells going forward. This new branding refers to the safe and fast charging nature of the Company's batteries and how the Graphene is used to enhance their performance and cycle life. Please see the following webpage for further details about the graphene batteries: https://graphenemg.com/graphene-products/gcells/.Figure 1: Updated Branding of the Graphene Batteries as shown on Pouch Cell BatteryTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8082/308851_06b85bfcc420eb56_001full.jpgFigure 2: Updated Graphene Battery Branding and Launch Video - Watch here: https://youtu.be/pfHhh5-TLyUTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8082/308851_06b85bfcc420eb56_002full.jpgAbout BICBIC is a collaborative initiative designed to incorporate leadership from renowned universities, government agencies, and commercial enterprises. BIC is a public-private partnership and a not-for-profit organization focusing on the rapid development, testing and commercialization of safe, reliable and lightweight energy storage systems for defense and commercial customers. BIC is a unique organization that has been leading battery cell development for world leading battery companies for over 10 years and has carried out over 500 battery development projects.About GMGGMG is an Australian based clean-technology company which develops, makes and sells energy saving and energy storage solutions, enabled by graphene manufactured via in house production process. GMG uses its own proprietary production process to decompose natural gas (i.e. methane) into its natural elements, carbon (as graphene), hydrogen and some residual hydrocarbon gases. This process produces high quality, low cost, scalable, 'tuneable' and low/no contaminant graphene suitable for use in clean-technology and other applications.The Company's present focus is to de-risk and develop commercial scale-up capabilities, and secure market applications. In the energy savings segment, GMG has initially focused on graphene enhanced heating, ventilation and air conditioning ("HVAC-R") coating (or energy-saving coating) which is now being marketed into other applications including electronic heat sinks, industrial process plants and data centres. Another product GMG has developed is the graphene lubricant additive focused on saving liquid fuels initially for diesel engines.In the energy storage segment, GMG and the University of Queensland are working collaboratively with financial support from the Australian Government to progress R&D and commercialization of GMG Graphene Batteries. GMG has also developed a graphene additive slurry that is aimed to improve the performance of lithium-ion batteries.GMG's 4 critical business objectives are:Produce Graphene and improve/scale cell production processesBuild Revenue from Energy Savings ProductsDevelop Next-Generation BatteryDevelop Supply Chain, Partners & Project Execution CapabilityFor further information please contact:Craig Nicol, Chief Executive Officer & Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223Leo Karabelas at Focus Communications Investor Relations, leo@fcir.ca, +1 647 689 6041www.graphenemg.comNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.Cautionary Note Regarding Forward-Looking StatementsThis news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends", "expects" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or will "potentially" or "likely" occur. This information and these statements, referred to herein as "forward‐looking statements", are not historical facts, are made as of the date of this news release and include without limitation GMG Graphene Batteries are safe and fast charging and the Graphene can be used to increase their performance and cycle life, GMG's intentions to develop commercial scale-up capabilities, GMG's focus in the energy savings segment, GMG's intentions for the use of graphene lubricant additive on saving liquid fuels, expectations for R&D and commercialisation of Graphene Batteries, GMG's ability to improve the performance of lithium-ion batteries and the Company's four critical business objectives..Such forward-looking statements are based on a number of assumptions of management, including, without limitation, assumptions that GMG Graphene Batteries can be produced at lower cost, as to charging time, energy density, life cycle, safety, thermal runway risk and the need for a thermal management system for, the speed and stability of charging, that GMG Graphene Batteries will progress to BTRL 7 and 8, that a range of global companies in a variety of industries will be interested in working with GMG, that the battery pack design will be plastic and offer weight, cost and complexity advantages to a metal case and increased energy density, that the service agreement with the BIC will enable the Company to optimize its cell design and battery manufacturing equipment, and that the Company will be able to meet its overall timeline on the battery cell roadmap. Additionally, forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of GMG to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: that GMG Graphene Batteries cannot be produced at lower cost, or any of the assumptions as to charging time, energy density, life cycle, safety, thermal runway risk and the need for a thermal management system for GMG Graphene Batteries can not be achieved, GMG Graphene Batteries do not offer expected speed and stability of charging, that GMG Graphene Batteries will not progress to BTRL 7 and 8, that a range of global companies in a variety of industries will not be interested in working with GMG, that the battery pack design will not be plastic and not offer weight, cost and complexity advantages to a metal case and increased energy density, that the Company will not be able to optimize the electrochemical behaviour of the pouch cell through laboratory experimentation or at all, that the Company will not be able to meet its overall timeline on the battery cell roadmap, that the service agreement with the BIC will not enable the Company to optimize its cell design and battery manufacturing equipment and the risk factors set out under the heading "Risk Factors" in the Company's annual information form dated November 04, 2025 available for review on the Company's profile at www.sedarplus.ca.Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/308851 Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
More
White Gold Corp. Announces Positive Preliminary Economic Assessment with C$1.9 Billion After-Tax NPV, 38% IRR and 1.7 Year Payback Period on the White Gold Project, Yukon, Canada ACN Newswire

White Gold Corp. Announces Positive Preliminary Economic Assessment with C$1.9 Billion After-Tax NPV, 38% IRR and 1.7 Year Payback Period on the White Gold Project, Yukon, Canada

Maiden PEA outlines a 9.4 year, 12,000 tonne per day open pit operation producing an average of 188,000 ounces of gold per year (223,000 ounces per year over the first five years) at a US$3,600/oz gold priceAfter-Tax NPV increases to C$3 Billion and 52% IRR at US$4,500/oz gold priceTORONTO, ON, Aug 10, 2026 - (ACN Newswire via SeaPRwire.com) - White Gold Corp. (TSXV: WGO) (OTCQX: WHGOF) (FSE: 29W) ("White Gold" or the "Company") is pleased to announce the results of an independent Preliminary Economic Assessment ("PEA") for its flagship White Gold Project (the "Project"), located in the traditional territory of the Tr'ondëk Hwëch'in in the Yukon Territory, Canada. The PEA outlines a technically straightforward open pit mining operation with the potential for positive economics at a consensus long-term gold price and establishes the development framework for a district that remains largely untested beyond the deposits included in this study. Further to the positive PEA economics, the Company has identified numerous additional opportunities with the potential to extend mine life, increase annual production, and further increase project economics in subsequent studies including potential resource conversion and growth at the existing deposits with prior, ongoing and future drilling, the underground mining potential at Golden Saddle, and a prospective exploration pipeline in the immediate vicinity of the White Gold Project consisting of more than 25 identified targets discovered through the Company's systematic, data-driven exploration methodology.PEA HighlightsAll amounts in Canadian dollars unless otherwise noted. Base case gold price of US$3,600/oz (flat) and an exchange rate of US$0.72 = $1.00.Positive Base Case Economics: After-tax net present value at five percent discount rate (NPV(5%)) of $1,911 million and after-tax internal rate of return (IRR) of 38% with a payback period of 1.7 years, at US$3,600/oz gold. Pre-tax NPV(5%) of $3,081 million and pre-tax IRR of 54%.Strong Cash Generation: Life of mine after-tax free cash flow of $2,685 million, averaging approximately $280 million per year.Significant Leverage to Gold Price: At US$4,500/oz, after-tax NPV(5%) increases to $2,996 million with an IRR of 52% (See Table 2).Meaningful Production Scale: Average annual gold production of 188,000 ounces over a nine year mine life, averaging 223,000 ounces per year over the first five years, from a conventional open pit operation and 12,000 tonne per day mill.Efficient cost structure: Life of mine cash costs of US$1,290/oz and all-in sustaining costs of US$1,480/oz.Established Road-Accessible Project: The White Gold Project is located in a region with a long history of placer mining, approximately 95 km south from Dawson City. The Project proposes to tie into the planned Northern Access Route (NAR) from Dawson City to neighbouring properties. The award of the construction contract (by others) for the NAR was announced earlier this year with mobilization underway. The Project will be accessed by an all-weather gravel road, which crosses the Stewart River by barge in summer and ice road in winter.Favourable Jurisdiction: The Project is located within the Traditional Territory of the Tr'ondëk Hwëch'in in Canada's Yukon Territory, a stable mining jurisdiction with a well-defined regulatory process, government support for responsible resource development, and consistently strong rankings in global mining investment surveys.First Phase of a District-Scale Opportunity: The PEA mine plan incorporates four deposits (Golden Saddle, Arc, Ryan's Surprise and VG) and only draws on approximately 60% of the Company's current mineral resource estimate completed in August 19th, 2025 of 1,732,300 ounces Indicated (35.2 Mt at 1.53 g/t gold) and 1,265,900 ounces Inferred (32.3 Mt at 1.22 g/t gold). Drill results from 2025 and current drilling are not included in the resource, and all four deposits are still open for expansion. The Project covers approximately 55,000 hectares with more than 25 additional targets identified across the property, the majority of which have seen limited or no drilling.Webinar Today: Company management will be hosting a live webinar TODAY August 10, 2026 at 12:00 PM EST to provide an overview of results. Interested parties are encouraged to register and attend here: https://6ix.com/event/white-gold-corp-announces-pea-results"Our Maiden PEA is a significant milestone for White Gold, delivering a project with strong economics and significant growth potential. Few gold projects anywhere offer this combination of scale, potential returns, favourable jurisdiction and upside. I would like to thank and congratulate our team and all stakeholders who have supported us over the years in advancing The White Gold Project from a conceptual exploration idea towards a development asset with a PEA that compares very well to its peers in the sector. Even more exciting is the growth potential of the White Gold Project based on previous and ongoing drilling not included in the PEA, future drilling and the substantial potential of our underexplored truly district scale land package within the White Gold District, which has seen significant recent investment by prominent mine builders further advancing it towards becoming a leading Canadian mining camp. We are very fortunate to have the right projects, in the right place, at the right time, with a great team and supporters to continue to responsibly build value for all stakeholders," stated David D'Onofrio, Chief Executive Officer, White Gold Corp."This is a strong technical foundation, built on deliberately conservative assumptions. The PEA open pit mine plan draws on less than two thirds of our current resource ounces and applies preliminary recovery assumptions. A 9.4 year operation producing an average of 188,000 ounces annually is a compelling initial configuration for a district where mineralization remains open and most of our targets remain undrilled. Underground mining was not included in this maiden PEA but remains a separate opportunity that will be examined as deeper drilling advances the higher-grade resource at Golden Saddle. The PEA results demonstrate a potentially economic project on a resource estimate dated August 19, 2025, which includes drilling information up to November 1st, 2025. Additional gold ounces would add to the already very positive potential economics of the project. The work ahead of us, including expansion drilling on known zones, greenfield target drilling, metallurgical optimization, updated resource estimation and the next stage of economic study, is precisely the kind of work that increases value per share over time," stated Donovan Pollitt, P.Eng., CFA, President, White Gold Corp.The PEA was prepared in accordance with the disclosure standards of National Instrument 43-101 ("NI 43-101"). The reader is cautioned that the PEA is preliminary in nature and includes Inferred Mineral Resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as Mineral Reserves. There is no certainty that the PEA will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability.Figure 1: White Gold Project location and Quartz Claims MapTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/12394/308830_048788c3a4aeca2d_001full.jpgPEA SummaryThe PEA was prepared by JDS Energy & Mining Inc. ("JDS") with contributions from Arseneau Consulting Services Inc. ("Arseneau") and Knight Piésold Ltd. ("KP"), in accordance with NI 43-101.Table 1: PEA Summary of Key Parameters and EconomicsParameterUnitValueGENERALGold Price (Base Case)US$/oz3,600 (flat)Exchange RateUS$:C$0.72Mine LifeYears9.4ThroughputTpd12,000Total Resource ProcessedMtonnes41Strip Ratiowaste:resource9 : 1PRODUCTIONAverage Head Gradeg/t Au1.54Average Gold Recovery%87Total Payable GoldKoz1,765Average Annual Production (LOM)koz/yr188Average Annual Production (Years 1 to 5)koz/yr223OPERATING COSTSOpen Pit MiningC$/t mined3.77ProcessingC$/t processed27.34G&A and Site ServicesC$/t processed10.98Total Operating CostC$/t processed74.23Total Cash CostsUS$/oz1,290All-in Sustaining Costs (LOM)US$/oz1,480CAPITAL COSTSInitial Capital (incl. contingency)C$M1,050Sustaining Capital (incl. contingency)C$M326Closure and Reclamation (net of salvage, inc. contingency)C$M146ECONOMICS - BASE CASE (US$3,600/oz)Pre-Tax NPV(5%)C$M3,081Pre-Tax IRR%54Pre-Tax PaybackYears1.3After-Tax NPV(5%)C$M1,911After-Tax IRR%38After-Tax PaybackYears1.7LOM After-Tax Free Cash FlowC$M2,685After-Tax NPV(5%) : Initial CapitalRatio1.8 : 1 Note: Totals may not sum due to rounding.Gold Price SensitivityPotential project economics across a range of gold prices are presented in Table 2. The base case of US$3,600/oz is consistent with long-term consensus pricing.Table 2: Gold Price Sensitivity Analysis (1)Gold Price (US$/oz)$3,000$3,300$3,600 (Base)$3,900$4,200$4,500Pre-Tax NPV(5%) (C$M)1,9582,5203,0813,6434,2054,766After-Tax NPV(5%) (C$M)1,1861,5481,9112,2742,6352,996After-Tax IRR (%)273238434852After-Tax Payback (years)2.21.91.71.51.41.3 (1) The disclosure of the results of the PEA presented in this news release contain certain prospective non‐GAAP financial measures or ratios such as cash operating cost, all in sustaining costs and sustaining costs. Such measures have no standardized meaning under International Financial Reporting Standards ("IFRS") and may not be comparable to similar measures used by other issuers. The Company believes that these measures and ratios provide investors with an improved ability to evaluate the prospects of the Company. As the White Gold Project is not in production the prospective non‐GAAP financial measures or ratios may not be reconciliated to the nearest comparable measures under IFRS and the equivalent historical non-GAAP financial measure for each prospective non‐GAAP measure or ratio discussed herein is nil$.Mineral Resource EstimateThe PEA is based on the Company's mineral resource estimate with an effective date of August 19, 2025, summarized in Table 3. The PEA mine plan incorporates the Golden Saddle, Arc, Ryan's Surprise and VG deposits. Approximately one third of current resource ounces, including the QV deposit, sit outside the PEA mine plan and represent potential future additions subject to further drilling and study.Table 3: White Gold Project Mineral Resource Estimate (Effective August 19, 2025)CategoryTonnes (Mt)Grade (g/t Au)Contained Gold (oz)Indicated35.21.531,732,300Inferred32.31.221,265,900 (2) Open pit resources reported at a 0.3 g/t Au cut-off and underground resources at a 2.3 g/t Au cut-off, at a gold price of US$2,250/oz. Approximately 99% of resources are near surface and amenable to open pit mining. The Golden Saddle deposit contains a high-grade core of over 1.1 million ounces Indicated at 2.84 g/t Au at a 1.0 g/t cut-off. Mineral resources are not mineral reserves and do not have demonstrated economic viability. All numbers are rounded; overall numbers may not be exact due to rounding. See the Company's technical report, August 19, 2025, for full parameters.MiningThe PEA contemplates conventional open pit mining using truck and shovel methods at a nominal processing rate of 12,000 tonnes per day, with a total of 41 million tonnes of resource mined at an average grade of 1.54 g/t gold and a life of mine strip ratio of approximately 9:1, with 38% of material being classified as Inferred. The mine plan prioritizes higher-grade material in the early years of the production schedule after a one-year pre-strip period. Waste rock will be managed under a segregation protocol that separates potentially acid generating (PAG) material from non-acid generating (NAG) material, with PAG material placed in engineered, dedicated surface storage. This management approach is designed and costed in the PEA capital estimate rather than deferred to later study stages.Processing and RecoveryIn October 2025, White Gold initiated a metallurgical program to support the Preliminary Economic Assessment ("PEA"). Three representative mineralized domains were evaluated, designated VG, ARC, and Ryan's Surprise, by Base Met labs to develop the flowsheet, characterize processing performance and provide key design parameters for the proposed processing facility. The test program assessed comminution characteristics, cyanide leach performance, cyanide detoxification, thickening, and filtration testing.Ball mill work index testing was completed on samples from all three mineralized zones. The results demonstrated that the ARC and Ryan's Surprise zones are of an average hardness while the VG sample can be classified as moderately hard.Metallurgical optimization demonstrated that the implementation of a conventional carbon-in-leach ("CIL") processing flowsheet was the best option for the project. Testing confirmed that the Golden Saddle and VG deposits have similar metallurgy response with an average leach recovery of 92%. Predicted recoveries on material from the ARC and Ryan's Surprise deposits, which comprise 30% of the material in the PEA production schedule, are 72%. The CIL flowsheet was determined to be the most applicable for the project because testwork indicates that carbon associated with the ARC and Ryan's Surprise zones results in some preg-robbing. Preg-robbing is not an issue in the Golden Saddle and VG zones which comprise the bulk of the current mineral resource. The projected recovery for the four mineralized zones can be found in Table 4.Table 4: Proposed CIL RecoveryZoneProposed Recovery (%)Golden Saddle92VG92ARC72Ryan's Surprise72 In addition to recovery optimization, supporting testwork was completed to advance process plant design. This included cyanide detoxification testing, tailings thickening, and filtration testwork to establish design criteria for the tailings management and water recovery circuits. The results provide the engineering parameters required for preliminary sizing of the detoxification, thickening, and filtration equipment incorporated into the PEA process plant design outlined in Figure 2.Figure 2: Proposed Process FlowsheetTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/12394/308830_048788c3a4aeca2d_002full.jpgProject InfrastructureProject Infrastructure includes, an engineered tailings storage facility constructed in stages across the mine life, an on-site power plant and bulk fuel storage, water management and treatment facilities, an airstrip, and an accommodation camp. The tailings facility design incorporates staged embankment construction and basin lining, with most of the tailings capital deployed as sustaining capital in step with the production schedule. The Project proposes to tie into the planned Northern Access Route (NAR) from Dawson City to neighbouring properties. The award of the construction contract (by others) for the NAR was announced earlier this year with mobilization underway.The overall layout showing the proposed location of the White Gold open pits, process plant, tailings and waste storage facilities, and project infrastructure is provided below in Figure 3.Figure 3: White Gold Proposed Site LayoutTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/12394/308830_048788c3a4aeca2d_003full.jpgCapital CostsInitial capital is estimated at $1,050 million, inclusive of $139 million of contingency. Contingency was estimated by working area, with the highest rates applied to the process plant and tailings storage facility. Sustaining and closure capital of $472 million over the life of mine is driven primarily by staged tailings construction and includes closure and reclamation costs of $146 million net of salvage value, including contingency.Table 5: Capital Cost SummaryCapital CostC$ MillionsMining147On-Site Development57Mineral Processing166Tailings and Waste Management61On-Site Infrastructure (incl. power plant)190Off-Site Infrastructure11Indirect Costs143EPCM68Owner's Costs70Subtotal911Contingency139Total Initial Capital1,050Sustaining and Closure Capital (incl. $89M contingency)472Total LOM Capital1,522 Note: Totals may not sum due to rounding.Operating CostsLife of mine operating costs are estimated at $74.23 per tonne processed, comprising open pit mining of $3.77 per tonne mined, processing of $27.34 per tonne processed, and G&A and site services of $10.98 per tonne processed. Life of mine cash costs are US$1,290 per ounce and all-in sustaining costs are US$1,485 per ounce. Average annual operating costs are estimated to be $350 million annually.Project OpportunitiesThe PEA is based on the current resource dated August 19, 2025, which includes drilling information up to November 1st, 2025. A total of 2,500 metres of drilling have been completed since then in 2025 with 15,000 to 20,000 metres being drilled on the project in 2026. The Company has identified a number of opportunities with the potential to extend mine life, increase annual production, and improve project economics in subsequent studies:Resource conversion and growth at existing deposits. Approximately one third of current resource ounces sit outside the PEA mine plan. Mineralization at the deposits included in the PEA mine plan remains open along strike and at depth, and these areas are logical candidates for incorporation in future studies as drilling advances.Underground mining potential at Golden Saddle. Underground mining was not part of the PEA. Current drilling is targeted on this higher-grade portion of the deposit. The potential for underground mining will be examined as deeper drilling advances.Metallurgical optimization for Arc and Ryan's Surprise. The PEA applies a preliminary recovery of 72.5% to Arc and Ryan's Surprise material. Further test work targeting improved recoveries from these deposits is a direct lever on project economics.District exploration pipeline. The property hosts more than 25 identified targets developed through the Company's systematic, data-driven exploration methodology. The majority have seen limited or no drill testing.Mine life extension through satellite feed. The processing facility is designed with capacity to accept feed from satellite deposits within trucking distance, providing a pathway to extend operations beyond the current mine plan without proportional capital addition.Figure 4: Known deposits and property target pipelineTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/12394/308830_048788c3a4aeca2d_004full.jpgFirst Nations and CommunityThe White Gold Project lies within the Traditional Territory of the Tr'ondëk Hwëch'in. The Company understands the importance of the land and water to First Nations and is committed to building on its longstanding relationship with the Tr'ondëk Hwëch'in. The Company also acknowledges and commits to building relationships with the First Nations of White River, Selkirk and Na-Cho Nyäk Dun whose Traditional Territories overlap or partially overlap with a portion of the Company's mineral tenures or the proposed access route to the Project. The Company will engage openly and consistently as the Project advances through assessment, permitting, and development. Ensuring the Project delivers lasting benefits to the communities in the region, and the entire Yukon, will be a fundamental consideration as the Project moves forward.Permitting and EnvironmentalA foundation of historical site environmental work exists, supported by substantial regional baseline information. As the Project advances beyond the PEA stage, the Company expects to complete additional environmental baseline studies to support project design, First Nation engagement and consultation processes, and future permitting requirements.Mine development would be subject to environmental and socio-economic assessment under the Yukon Environmental and Socio-economic Assessment Act ("YESAA"), administered by the Yukon Environmental and Socio-economic Assessment Board ("YESAB"), followed by the issuance of key authorizations by the Yukon Government, including Quartz Mining and Water Use Licenses. The scope of studies typically required to support First Nation consultation and Yukon regulatory review is well established in Yukon with recent permitting precedents. At this time, the Company is not aware of any site-specific environmental issues that would be expected to materially adversely affect its ability to develop the Project as contemplated in the PEA.Next StepsWith the PEA complete, the Company's near-term priorities include:15,000-20,000 metres of drilling currently underway in 2026 focused on expanding known zones, with 3 drill rigs currently active on the property with a goal of continuing to increase total resources;Test promising new zones identified by soil geochemistry and geophysics.Additional metallurgical test work focused on Arc and Ryan's Surprise to further optimize recoveries and supporting the next study stage;Initiate programs to geotechnically and geochemically characterize the tailings and waste rock;Commence environmental baseline data collection and advancement of YESAA-readiness work; andOngoing engagement with the Tr'ondëk Hwëch'in and White River as well as neighbouring First Nations and the Yukon Government.Qualified PersonsThe scientific and technical information included in this news release were reviewed and approved by the Qualified Persons listed in Table 6.Table 6: Qualified PersonsQualified PersonCompanyQualificationResponsibilityBrandon ChambersJDS Energy & Mining Inc. (JDS)P. Eng.Lead author, all sections except as shown belowGilles ArseneauARSENEAU Consulting Services Inc.P. Geo.Geology, Mineral ResourcesTysen HantelmannJDS Energy & Mining Inc. (JDS)P. Eng.Mining, EconomicsTad CrowieJDS Energy & Mining Inc. (JDS)P. Eng.Metallurgical Testing, ProcessingDaniel RuaneKnight Piésold Ltd.P. Eng.TMF & WRMF design, Water Management, Environment & Permitting About White Gold Corp.The Company owns a portfolio of 15,364 quartz claims across 21 properties covering 305,102 hectares (3,051 km2) representing approximately 40% of the Yukon's emerging White Gold District. The Company's flagship White Gold Project hosts four near-surface gold deposits which collectively contain a resource estimate of 1,732,300 ounces of gold in indicated resources (35.2 million tonnes grading 1.53 grams per tonne gold) and 1,265,900 ounces of gold in inferred resources (32.2 million tonnes grading 1.22 g/t Au) (see the Company's news release dated October 6, 2025)(1)(2). Regional exploration work has also produced several other new discoveries and prospective targets on the Company's claim packages which border sizable gold discoveries including the Coffee Project owned by Talamore Mining (formerly Fuerte Metals) and Western Copper and Gold Corporation's Casino Project. The Company is strategically supported by major shareholders Agnico Eagle Mines Limited. For more information visit www.whitegoldcorp.ca.(3) White Gold Corp. "White Gold Corp. Files Technical Report Demonstrating Significant 44% Increase in Indicated Resources to 1,732,300 oz Gold (35.2 million tonnes grading 1.53 g/t) and 13.4% Increase in Inferred Resources to 1,265,900 oz Gold (32.2 million tonnes grading 1.22 g/t) at its Flagship White Gold Project, Yukon, Canada" Press Release 6 Oct, 2025. https://www.whitegoldcorp.ca/news/white-gold-corp-files-technical-report-demonstrating-significant-44-increase-in-indicated-resources-to-1732300-oz-gold-352-million-tonnes-grading-153-gt-and-134-increase-in-inferred-resources-to-1265900-oz-gold-322-million-ton(4) All numbers are rounded. Overall numbers may not be exact due to rounding. Technical ReportAdditional supporting details regarding the information in this news release will be included in a Technical Report prepared in accordance with NI 43-101 and filed on SEDAR+ under the Company's issuer profile at www.sedarplus.ca within 45 days of the date of this news release. It will include further details on qualifications, assumptions, exclusions and risks that relate to the details of this news release, including the PEA and Mineral Resource estimate. The Technical Report is intended to be read as a whole, and sections should not be read or relied upon out of context.Cautionary Statement Regarding the PEAThe reader is advised that the PEA summarized in this news release is only a conceptual study of the potential viability of the White Gold Project, and the economic and technical viability of the White Gold Project and its estimated Mineral Resources has not been demonstrated. The PEA is preliminary in nature and provides only an initial, high-level review of the White Gold Project's potential and design options; there is no certainty that the PEA will be realized. The PEA conceptual mine plan and economic model include numerous assumptions and Mineral Resource estimates including Inferred Mineral Resource estimates. Inferred Mineral Resource estimates are considered to be too speculative geologically to have any economic considerations applied to such estimates. There is no guarantee that Inferred Mineral Resource estimates will be converted to Indicated or Measured Mineral Resources, or that Indicated or Measured Mineral Resources can be converted to Mineral Reserves. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability, and as such there is no guarantee the White Gold Project economics described herein will be achieved. Mineral Resource estimates may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant risks, uncertainties and other factors, as more particularly described herein and to be described in the Technical Report.In accordance with applicable Canadian securities laws, all Mineral Resource estimates disclosed or referenced in this news release have been prepared in accordance with the disclosure standards of and have been classified in accordance with CIM's "Definition Standards for Mineral Resources and Reserves". Under Canadian securities rules, estimates of Inferred Mineral Resources may not form the basis of an economic analysis, except for a preliminary economic assessment as defined under NI 43-101. Investors are cautioned not to assume that part or all of an Inferred Mineral Resource exists or is economically or legally mineable.Cautionary Note Regarding Forward-Looking InformationThis news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation, including statements with respect to the future or estimated financial and operational performance of the White Gold Project under the PEA; the estimation of Mineral Resources and the realization of such mineral estimates; expectations with respect to updating the Inferred Mineral Resources to Indicated Mineral Resources with further drilling; the statements related to the PEA and other results of the PEA discussed in this news release, including, without limitation, project economics, financial and operational parameter such as expected production, cash costs, all-in sustaining costs, other costs, capital expenditures, cash flow, NPV, IRR, payback period and life of mine; planned drilling and exploration program and the timing and success of such activities, planned metallurgical test work; upside potential, opportunities for growth and expected next steps; potential gold and other metal recoveries; and the price of gold, and other commodities.Forward-looking statements are inherently uncertain, and the actual performance may be affected by a number of material factors, assumptions and expectations, many of which are beyond the control of the Company, including expectations and assumptions concerning general economic and industry conditions, applicable laws and regulations, commodity prices, the use of proceeds, and the future business and operational needs of the Company. Readers are cautioned that assumptions used in the preparation of any forward-looking statements may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. In addition to factors already discussed in this news release, such factors include, among others, risks relating to the Company's business, including possible variations in grade and recovery rates; uncertainties inherent to the conclusions of economic evaluations and economic studies; changes in project parameters, including schedule and budget, as plans continue to be refined; uncertainties with respect to actual results of current exploration activities; uncertainties inherent to the estimation of Mineral Resources, which may not be fully realized; uncertainties inherent with conducting business in foreign jurisdictions and uncertainties with the rule of law may impact the Company's activities; the impact of the conflicts in the Ukraine and the Middle-East and health emergencies, including resulting changes to the Company's supply chain and costs of supplies; product shortages; delivery and shipping issues; closures and/or failure of plant, equipment or processes to operate as anticipated; employees and contractors become infected with pathogens or being affected by the war; lost work hours; labour force shortages; fluctuations in metal and acid prices, toll rates and foreign exchange rates; limitation on insurance coverage; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing or in the completion of development or construction activities; opposition by social and non-government organizations to mining projects; unanticipated title disputes; claims or litigation; cyber attacks and other cybersecurity risks; as well as those risk factors discussed or referred to in any other documents filed from time to time with the securities regulatory authorities in the provinces and territories of Canada and available on SEDAR+ at www.sedarplus.ca. The reader has been cautioned that the foregoing list is not exhaustive of all factors which may have been used. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be anticipated, estimated or intended.Readers are further cautioned not to place undue reliance on any forward-looking statements, as such information, although considered reasonable by the respective management of the Company at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.For Further Information, Please Contact:David D'OnofrioChief Executive OfficerWhite Gold Corp.(647) 930-1880ir@whitegoldcorp.caRequest Meeting: https://calendly.com/meet-with-wgo/15minTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/308830 Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
More
Unitree Robotics (688836.SH) Opens for Subscription Today: Shoucheng, Meituan and Other Early Investors Poised for Significant Gains as Core Investor Valuations Re-rate ACN Newswire

Unitree Robotics (688836.SH) Opens for Subscription Today: Shoucheng, Meituan and Other Early Investors Poised for Significant Gains as Core Investor Valuations Re-rate

HONG KONG, August 10, 2026 - (ACN Newswire via SeaPRwire.com) - On August 10, Unitree Robotics (688836.SH) officially opened for public subscription at an offering price of RMB150.80 per share. The IPO is priced at 219.23 times earnings, significantly above the industry average price-to-earnings ratio of 38.56 times. The premium that the market is willing to assign to what is widely regarded as the “first humanoid robotics stock” is clearly evident.According to the prospectus, entities affiliated with Meituan collectively hold a 9.6488% stake in Unitree Robotics, making them the company’s largest external institutional shareholder. Shoucheng Holdings (0697.HK), through its affiliated investment funds, held approximately 3.8262% of Unitree Robotics prior to the offering, corresponding to a market value of roughly RMB2.3 billion and representing the largest disclosed stake held by a Hong Kong-listed company.For Shoucheng Holdings, however, the significance of this investment extends well beyond unrealised gains. Unitree Robotics’ transition from private-market valuation multiples to a publicly traded market price means that, for the first time, a major asset within Shoucheng’s robotics portfolio now has a transparent benchmark established by the public capital market.Yet the more important question is not simply how much Shoucheng has made from a single investment.As of the end of 2025, Shoucheng had cumulatively invested more than RMB2 billion across the broader robotics value chain, covering more than 20 companies including Unitree Robotics, Galbot, Galaxea, Zhizi Xinsuan, Moxian Technology and RobotEra. Chairman Zhao Tianyang has described this strategy as a “sector-wide investment approach” — rather than betting on a single company, Shoucheng is positioning itself for the systemic growth of the entire Physical AI ecosystem. More recently, the group initiated the establishment of the RMB3.5 billion Beijing Frontier Technology Innovation Fund, further expanding its exposure to emerging technologies.Private-market investment, IPO monetisation and new fund deployment are increasingly forming a self-reinforcing cycle of “value realisation plus continuous incubation” for Shoucheng. As investors place their subscription orders for Unitree Robotics, the public market is, for the first time, assigning a visible price to the long-term strategy of this patient-capital investor. Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
More

Guotai Haitong Proposes Privatisation of Guotai Junan International to Accelerate Overseas Strategic Integration

HONG KONG, August 7, 2026 - (ACN Newswire via SeaPRwire.com) - Guotai Junan International (1788.HK), a subsidiary of Guotai Haitong (601211.SH, 2611.HK), announced after the market close today that Guotai Haitong proposes to privatize and delist Guotai Junan International. The transaction will be executed by way of a scheme of arrangement to acquire all remaining outstanding common shares, excluding those already held by Guotai Haitong, at a price of HK$3.00 per share.Market analysts point out that the privatisation offer is highly attractive. The HK$3.00 offer price represents a premium of approximately 44.2% over the closing price on the last trading day before the trading halt, and premiums of 46.5% and 37.7% over the average closing price of 30 trading days and 60 trading days up to and including the last trading day, respectively. Based on the 2025 audited consolidated net asset value of Guotai Junan International, the HK$3.00 offer price corresponds to a price-to-book ratio of approximately 1.8x. The offeror believes that, under the current market environment, the privatisation offers shareholders an attractive opportunity to realise and enhance their return on investment at a premium to the prevailing market price of Guotai Junan International.This proposed privatisation will grant Guotai Haitong's international business greater operational flexibility. Pursuant to the Guotai Haitong’s established strategy of international business, the privatisation is intended to strengthen synergies among its subsidiaries, to facilitate the deployment of financial and client resources across domestic and overseas markets, and to accelerate the Guotai Haitong Group’s transformation into an investment bank with international competitiveness and market influence. Concurrently, by privatising Guotai Junan International, Guotai Haitong can simplify the structure of its Hong Kong operations, further align the economic incentives among its various offshore entities and simplify decision making processes. It will also enable Guotai Haitong to take a more comprehensive approach in overall risk management and capital efficiency and deployment. Operating as a private enterprise, Guotai Junan International can enjoy more flexibility to conduct long-term investment to strengthen its Hong Kong business and expand its global presence, free from the pressures of rapidly changing market conditions and short-term capital market fluctuations. Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
More