CS2009 (PD-1/VEGF/CTLA-4 Trispecific Antibody) ASCO 2026 Key Highlights

EQS via SeaPRwire.com / 12/06/2026 / 15:02 UTC+8 Shanghai - 12 Jun 2026 - The clinical datasets presented at ASCO 2026 further validate the trispecific synergistic mechanism of CS2009 and support its potential to become a next-generation immuno-oncology (I/O) backbone therapy. I. Trispecific Design Rationale and Differentiated Advantages 1. Greater Potential for Long-Term Survival Benefit vs. PD-1+VEGF Combinations, with Low CTLA-4-Related Toxicity and Favorable Tolerability CS2009 was designed to restore T-cell effector function, remodel the tumor microenvironment (TME), and enhance T-cell priming via simultaneous targeting of PD-1, VEGF, and CTLA-4, aiming to generate deeper and more durable anti-tumor immune responses. • Differentiated CTLA-4 Design: The CTLA-4 component is engineered to avoid excessive activation of peripheral CTLA-4 single-positive T cells, thereby reducing systemic immune toxicity. Combined with VEGF-mediated tumor enrichment, this design preserves the immune-stimulatory benefit of CTLA-4 blockade while substantially improving tolerability. Clinical data has demonstrated that CTLA-4-related toxicities with CS2009 are notably lower than that of conventional CTLA-4 antibody regimens, with immune-related adverse events (irAEs) approaching incidence typically seen with PD-1 monotherapy or PD-1-based bispecific antibodies. • Advantage of Continuous Dosing: Unlike conventional CTLA-4 antibodies, which are often limited to two or three doses due to tolerability concerns, CS2009 can be administered continuously, therefore fully leveraging the CTLA-4 mechanism—not only initiating and enhancing existing anti-tumor T-cell responses but also continuously priming new T-cell clones against newly released tumor antigens throughout treatment. This ongoing expansion of the anti-tumor T-cell repertoire, combined with CS2009’s favorable tolerability, is expected to drive more durable immune responses, prolong clinical benefit, and ultimately improve overall survival. • Pharmacodynamic Validation: Dose-dependent upregulation in ICOS, a recognized pharmacodynamic marker of CTLA-4 pathway activation and T-cell activation, were observed. The ICOS elevation suggests that CS2009 continuously promotes T-cell priming and clonal expansion, validating the biological activity of its CTLA-4 module and providing biological basis for long-term anti-tumor activity. Industry challenge: Historically, most anti-VEGF plus PD-(L)1 regimens have primarily improved progression-free survival (PFS), while overall survival (OS) benefits remains highly uncertain. By incorporating a CTLA-4 mechanism, CS2009 aims to break through this limitation. 2. Low VEGF-Related Toxicity Supporting More Adequate Treatment Exposure and Sustained Clinical Benefit Pharmacodynamic data demonstrated: • Circulating VEGF levels have declined continuously following dosing, and no clear rebound has been observed after up to 147 days of follow-up. This pattern differs from results reported with traditional anti-VEGF antibodies or PD-1/VEGF bispecifics, potentially due to CS2009’s enrichment in the tumor microenvironment and CTLA-4-mediated internalization and clearance of VEGF-antibody complexes. This may reduce reflux of VEGF and its antibody-bound complexes into the peripheral circulation, thereby lowering VEGF-related systemic toxicities such as hypertension and proteinuria. Clinical data demonstrated: • The incidence of Grade ≥3 VEGF-related treatment-related adverse events (TRAEs) is only 5.1%, notably lower than reported rates for certain VEGF-based bispecifics. Industry challenge: VEGF is both a critical efficacy driver and a major source of toxicity in combination therapies. Achieving an optimal balance between efficacy and tolerability, particularly in elderly and high-risk patients, remains a longstanding, unresolved challenge in the VEGF field. 3. Consistent Activity Observed Across Multiple “Cold” Tumors, Highlighting the Value of the CTLA-4 Module and the Trispecific Mechanism Promising anti-tumor activity has been observed in several traditionally immunotherapy-insensitive tumor types, including: Immunotherapy-resistant non-small cell lung cancer (NSCLC), pMMR/MSS metastatic colorectal cancer (mCRC), Soft tissue sarcoma (STS), Non-clear cell renal cell carcinoma (nccRCC). These findings suggest that the combined blockade of PD-1 and CTLA-4, together with VEGF modulation, may enhance T-cell priming, broaden T-cell clonal diversity, promote durable immune memory, and improve T-cell infiltration within the TME—extending immune responsiveness to tumors that were previously I/O-insensitive. The consistent efficacy signals across multiple cold tumors support the ability of CS2009’s PD-1, CTLA-4 and VEGF synergism to reshape the immunosuppressive TME, expand the I/O-benefiting population, and demonstrate the potential to transcend the efficacy boundaries of traditional PD-1 inhibitors and PD-1/VEGF bispecifics. Industry challenge: Effective immunotherapy options remain limited for cold tumors. PD-1 plus CTLA-4 blockade is still one of the most widely recognized strategies for enhancing immunotherapy responsiveness. 4. Consistent Benefit Observed Across Squamous and Non-Squamous NSCLC • Across multiple NSCLC treatment settings, comparable response rates were observed in both squamous and non-squamous patients. CS2009 is showing a trend of consistent benefit across histological subtypes, indicating that its mechanism may not depend on a particular pathologic type and may cover a broader population of NSCLC patients, enhancing the probability of success in future global registrational trials. Industry challenge: Notable differences in efficacy between squamous and non-squamous NSCLC often limit the label expansion and commercial potential of certain products. II. Favorable Safety Profile with Notably Lower VEGF-Related Toxicity Compared with Bispecifics Safety data from the ongoing Phase I study in a mixed tumor population (N=118): • Grade ≥3 TRAE incidence: 24.6%; • Grade ≥3 irAE incidence: 12.7%; • Grade ≥3 VEGF-related TRAE incidence: 5.1%. Focusing on the later-line NSCLC cohort (n=57): • Grade ≥3 TRAE rate: 19.3%; • Grade ≥3 irAE rate: 12.3%; • VEGF-related Grade ≥3 TRAE rate: 5.3%; • Consistent with the safety profile of the overall heavily pretreated mixed-tumor population. Overall: • CTLA-4-related toxicity appears very well controlled. • No new or unexpected safety signals have been identified. • The overall safety profile is comparable to that of PD-1/VEGF bispecific antibodies, while VEGF-related toxicity appears substantially lower. This safety profile provides an important foundation for long-term dosing and future global registrational development. III. Efficacy in “Cold” Tumors Demonstrates Differentiated Clinical Value CS2009 has demonstrated meaningful clinical activity across multiple “cold” tumors, highlighting the differentiated mechanism. 1. Monotherapy in Later-Line pMMR/MSS mCRC • All enrolled patients had heavily pretreated, refractory CRC, including cases with BRAF mutations and right-sided tumors. • CS2009 monotherapy achieved an ORR of 25% and a DCR of 87.5%. Given that ORR in later-line colorectal cancer are typically in the single digits, these results demonstrate clinically meaningful anti-tumor activity. More importantly, efficacy signals emerging in a typical cold-tumor population further supports the differentiated value of the CTLA-4 module. 2. Combination with XELOX in First-Line pMMR/MSS mCRC • The study did not select patients by tumor sidedness, molecular subtype, or liver metastasis; the enrolled population better reflects real-world clinical practice. • To date, all six patients have experienced tumor shrinkage, and three patients achieved a partial response (PR) at their first efficacy assessment. • ORR was 66.7%, and DCR was 100%. Although the sample size remains small, highly consistent early efficacy signals have already been observed, providing positive support for subsequent global registrational development. The Company plans to expand the cohort to approximately 40 patients to generate a more comprehensive proof-of-concept (POC) dataset for upcoming discussions with the global regulatory authorities including the U.S. Food and Drug Administration (FDA) and China’s National Medical Products Administration (NMPA) on a Phase III global registrational clinical trial. 3. Other “Cold” Tumors • Monotherapy in Later-line Soft Tissue Sarcoma (STS): ORR 33.3%, DCR 66.7%; • Monotherapy in Later-line non-clear cell renal cell carcinoma (nccRCC): ORR 33.3%, DCR 100%;. • Durable responses have also been observed. Notably, the first patient enrolled in Phase I (an Australian female) has experienced sustained tumor shrinkage of more than 40% over 12 months. IV. NSCLC: Multi-Dimensional Data Support Global Registrational Development Dimension 1: Later-Line NSCLC Monotherapy (Pretreated with IO, Chemotherapy, ADCs, or Bispecifics) • Overall ORR in the 30 mg/kg cohort: 24% (squamous 25%, non-squamous 23.1%, consistent benefit); DCR 60%; • In second-line NSCLC (30 mg/kg, post IO + chemotherapy): ORR improved to 30.8%, DCR 84.6%. • In such post-PD-(L)1 patient populations, standard-of-care ORRs are generally low, thus CS2009 has demonstrated competitive single-agent activity. Additional observations include: • 6-month duration-of-response (DOR) rate exceeded 80% (i.e., more than 80% of responders remained in response at 6 months); • Depth of response has continued to deepen over time; • DOR data are still maturing. Dimension 2: Later-Line NSCLC in Combination with Docetaxel • All six evaluable patients experienced tumor shrinkage, resulting in an ORR of 66.7% and a DCR of 100%. Although the sample size is currently small, these results are already very competitive within this class of studies. The company plans to expand the cohort to approximately 20 patients to inform subsequent registrational decisions. Dimension 3: First-Line NSCLC Monotherapy (PD-L1 TPS ≥50%) • Among 16 patients, ORR was 81.3% and DCR was 100%; • Squamous ORR 87.5%, non-squamous ORR 75%, consistent benefit; • Earlier data (March 2026) showed 9 PRs out of 10 patients; among the 6 newly enrolled patients, 4 achieved a PR at their first tumor assessment, bringing the total number of PRs observed to 13; • No responding patients have experienced rapid disease progression, and patients have shown deepening responses over time. While cross-trial comparisons have limitations, CS2009’s single-agent ORR in first-line NSCLC (PD-L1 TPS ≥50%) has reached a best-in-class range among comparable studies globally, demonstrating highly competitive clinical potential. Note: Data in the PD-L1 1%–49% population continue to mature. Dimension 4: First-Line NSCLC in Combination with Chemotherapy (Squamous, PD-L1 Low or Negative) • Among 8 squamous patients enrolled to date, 7 patients have PD-L1 ≤1% (low/negative), and 1 patient has PD-L1 ≤5% (low expression); median age is 70 years; • ORR was 75% and DCR was 100%; among PD-L1-negative patients, ORR reached 100%; Particularly noteworthy: • A 100% response rate was observed among PD-L1-negative patients; • Encouraging efficacy was also observed in elderly patients. Although longer follow-up is required, positive and consistent early efficacy signals are evident. Note: Enrollment is ongoing in the first-line all-comer squamous NSCLC (Chemo Combo) and first-line non-squamous NSCLC (Chemo Combo) cohorts. Data will be disclosed subsequently. V. Global Registration Strategy CS2009 is advancing through a global multi-regional clinical development pathway. • Rapid enrollment supports timely data package generation and regulatory engagement. • Registrational studies will not be conducted in a single country; all key registrational studies will be global multi-regional clinical trials (MRCTs) using current international standard-of-care comparators (pembrolizumab / pembrolizumab + chemotherapy / bevacizumab + chemotherapy). The trial designs and timelines are independent of data readouts from other bispecific/trispecific competitors, giving CS2009 a self-determined development advantage. - October 2026: Discuss the Phase III global registrational clinical trial protocol for first-line NSCLC + chemotherapy (vs. pembrolizumab + chemotherapy) . - Q4 2026: Discuss the Phase III global registrational clinical trial protocol for first-line mCRC + chemotherapy (vs. bevacizumab + chemotherapy) . - Early 2027: Discuss the Phase III global registrational clinical trial protocol for second-line NSCLC (CS2009 + docetaxel vs. docetaxel) and first-line NSCLC monotherapy (head-to-head vs. pembrolizumab) . 20–60 patients of POC data are expected per indication. The company has already established a clinical, CMC (Chemistry, Manufacturing and Controls) and operational system that supports global development, laying the groundwork for subsequent global multi-center Phase III MRCTs . VI. Key Catalysts in 2026 • Late August 2026: Interim results update featuring more mature post-ASCO clinical data. • Around October 2026: FDA discussion regarding the Phase III global registrational clinical trial protocol for first-line NSCLC + chemotherapy. • Q4 2026: FDA discussion regarding Phase III global registrational clinical trial protocol for first-line CRC + chemotherapy. • Q4 2026: ESMO Congress – clinical data updates for CRC, NSCLC, and other indications. • End of 2026: Initiation of the first-wave global Phase III MRCTs. Importantly, all pivotal studies are benchmarked against current global standard-of-care comparators, without dependency on competitors’ development progress. VII. Business Development Progress In-depth discussions are ongoing with multiple multinational pharmaceutical companies (MNCs). Key areas of partner interest include: trispecific antibody design rationale, safety profile, clinical data in NSCLC and CRC, global registration strategy. As data continue to mature and the global development advances, the differentiated value of CS2009 is gaining increasingly broad and strong recognition. VIII. Management Confidence and Capital Markets Initiatives 1. Share Purchases by Management and the Board: Management and the Board believe that the recent share price volatility has significantly deviated from the Company’s fundamental progress. Management and Board members have expressed their confidence in the long-term value of CS2009 and the Company’s growth prospects by increasing their shareholdings. 2. Anticipated inclusion in the Hong Kong Stock Connect Scheme Management expressed a positive expectation that the Company will be included in the Stock Connect scheme at the September 2026 adjustment window. IX. Key Takeaway The ASCO 2026 data mark CS2009’s transition from mechanism validation to the clinical proof-of-concept (POC) stage. Its differentiated trispecific design not only delivers an excellent safety profile, but also consistently generates clinically meaningful efficacy signals and durable responses across a range of traditional I/O-cold tumors and lung cancer populations. As the key CRC and NSCLC programs move toward global registrational development, CS2009 is steadily emerging as a next-generation I/O backbone agent with significant potential. About CStone CStone (HKEX: 2616), established in late 2015, is an innovation-driven biopharmaceutical company focused on the research and development of therapies for oncology, immunology, inflammation, and other key disease areas. Dedicated to addressing patients’ unmet medical needs in China and globally, the Company has made significant strides since its inception. To date, the Company has successfully launched 4 innovative drugs and secured approvals for 21 new drug applications covering 9 indications. The company’s pipeline is balanced by 16 promising candidates, featuring antibody-drug conjugates (ADCs), multispecific antibodies, immunotherapies and precision medicines. CStone also prides itself on a management team with comprehensive experiences and capabilities that span the entire drug development spectrum, from preclinical and translational research to clinical development, drug manufacturing, business development, and commercialization. For more information about CStone, please visit: www.cstonepharma.com. IR contact: ir@cstonepharma.com PR contact: pr@cstonepharma.com Forward-looking statements The forward-looking statements made in this article only relate to events or information as of the date when the statements are made in this article. Except as required by law, we undertake no obligation to update or publicly revise any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. You should read this article completely and with the understanding that our actual future results or performance may be materially different from what we expect. All statements in this article are made on the date of publication of this article and may change due to future developments. Disclaimer: only for communication and scientific use by medical and health professionals, it is not intended for promotional purposes. 12/06/2026 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.com
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The Creators of thinkorswim and tastytrade Debut Lossdog, a New AI-Powered Career Compensation Platform

EQS via SeaPRwire.com / 12/06/2026 / 09:50 UTC+8 Chicago, Illinois - June 12, 2026 - (SeaPRwire) - Lossdog, a new financial technology platform co-founded by Tom Sosnoff and Scott Sheridan, has officially launched in the United States with a mission to give working professionals access to the same quality of compensation data that employers have long used in salary negotiations. The platform offers a single, calculated dollar figure representing a user's professional market worth, expressed as annual salary. Sosnoff and Sheridan previously co-founded thinkorswim, an online brokerage specializing in options trading that was acquired by TD Ameritrade in 2009 for approximately $750 million. The two then co-founded tastytrade, a retail brokerage and financial media network acquired by IG Group in 2021 for $1.1 billion. Lossdog marks their third major fintech venture. The platform works by analyzing a user's resume against real labor market records, including government wage data, to produce a precise professional valuation. Lossdog also includes a portfolio optimization tool that evaluates a user's investment holdings and calculates the lifetime dollar value of underperformance relative to an industry baseline. Research published by Lossdog in early 2026 found that a professional starting at $75,000 per year could leave approximately $3.9 million in uncaptured nominal earnings over a 30-year career, a figure the company attributes to structural information asymmetry in wage negotiation. A follow-up report published in March 2026 found the gap to be significantly wider for female professionals. "Most professionals leave seven figures on the table over their careers because they're negotiating blind," said Jeff Joseph, Chief Strategist at Lossdog. "We built the first AI platform that reads your resume, analyzes your skills and experience against real data, and tells you what you're actually worth down to the dollar." To mark the platform's launch, Lossdog is offering free first-year subscriptions, valued at $100 each, to its first 50,000 registered users. Those users will also share in a $1 million cryptocurrency pool, with individual awards ranging from $50 for the earliest registrants to $10 for those in later waitlist positions. The company has reported more than 25,000 waitlist registrations. Lossdog operates in a space adjacent to platforms such as LinkedIn, Glassdoor, and Payscale, but distinguishes its product by generating an individual-specific figure rather than aggregated salary ranges. The platform currently serves users in the United States. "After 40-plus years on the trading side of the business world, we are about to take on a bigger challenge," Sheridan wrote publicly ahead of the launch. About Lossdog Lossdog is a Chicago-based financial technology company co-founded by Tom Sosnoff and Scott Sheridan. The company offers a subscription-based platform that uses artificial intelligence and government labor market data to calculate the precise professional market value of individual workers and to evaluate the performance of their investment portfolios. Lossdog is currently available to users in the United States. Contact Information Brand: Lossdog Contact: Jeff Joseph Email: jeff.joseph@lossdog.com Website: https://lossdog.com 12/06/2026 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.com
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Chow Tai Fook Jewellery Reports Record High Profit Brand Transformation Delivering High-quality Earnings Growth

EQS via SeaPRwire.com / 11/06/2026 / 18:43 UTC+8 Results Highlights Chow Tai Fook Jewellery delivered strong FY2026 performance on the back of successful brand transformation, achieving high-quality earnings growth against macro uncertainties and significant gold price volatility. Revenue grew 5.3% to HK$94,398 million, underpinned by steady growth from design-led and higher-margin iconic collections. The Group achieved an operating profit of HK$18,850 million (+27.8% YoY) and a record high profit attributable to shareholders of HK$9,004 million (+52.2% YoY). Gross profit margin expanded to 32.3%, supported by higher gold prices and increased contribution from the retail business and design-led jewellery. Operating profit margin expanded 360bps to a five-year high level of 20.0% driven by strong business performance and continued disciplined cost management. Return on Equity ("ROE") increased to 28.4%, which represented a sustained improvement against our 5-year historical average of 20.5%. The Group opened its first global flagship store in Hong Kong in February 2026, alongside newly designed stores across the Chinese Mainland and key international markets, while expanding into luxury lifestyle categories. The Board has proposed a final dividend of HK$0.45 per share, bringing the full-year total to HK$0.67 per share, a payout ratio of 73.4%, reflecting our commitment to sustained shareholder returns. Financial Summary For the year ended 31 March 2026HK$ million 2025HK$ million YoY Change Revenue 94,398 89,656 +5.3% Gross profit 30,500 26,455 +15.3% Gross profit margin 32.3% 29.5% +280 bps Operating profit(1) 18,850 14,746 +27.8% Operating profit margin 20.0% 16.4% +360 bps Profit attributable to shareholders of the Company 9,004 5,916 +52.2% Earnings per share Basic (HK$) 0.91 0.59 +53.7% Diluted (HK$) 0.90 0.59 +52.5% Full year dividend per share(2) (HK$) 0.67 0.52 N/A (1) Aggregate of gross profit and other income, less selling and distribution costs and general and administrative expenses (2) The payout ratio for FY2026 approximated 73.4% (Hong Kong, China, 11 June 2026) Chow Tai Fook Jewellery Group Limited (“Chow Tai Fook Jewellery Group”, the “Group” or the “Company”; SEHK stock code: 1929), today announces its annual results for the year ended 31 March 2026 ("FY2026"). Record Results Underscore the Continued Success of Brand Transformation The Group demonstrated strong resilience as revenue grew 5.3% to HK$94,398 million in a year marked by macroeconomic uncertainty and significant gold price volatility. Gross profit margin of 32.3% was up 280bps, driven by the surge in gold price and a higher contribution from the design-led and higher- margin iconic collections, successfully launched since 2024. Operating profit grew 27.8% to HK$18,850 million and profit attributable to shareholders grew 52.2% to a record high HK$9,004 million. Operating profit margin of 20.0% was up 360 bps to a five-year high level. The Group’s Return on Equity ("ROE") increased to 28.4%, which represented a sustained improvement against our 5-year historical average of 20.5%. The Board has proposed a final dividend of HK$0.45 per share, bringing the dividend per share for the year to HK$0.67, a full-year payout ratio of 73.4%. The strong performance was powered by a customer centric approach driven by three key levers of growth: (1) Redefining Chinese luxury globally, (2) Rejuvenating portfolio and operational efficiency and (3) Reimagining new horizons. Dr. Henry Cheng, Chairman of Chow Tai Fook Jewellery Group, said, “We are committed to investing boldly in our brand – elevating desirability, forging deeper emotional connection with customers, and expanding our global resonance through immersive retail experience, exquisite craftsmanship, compelling storytelling and digital engagement that blends our rich heritage and cultural artistry with contemporary lifestyle.” Commenting on the annual results, Ms. Sonia Cheng, Vice-chairman of Chow Tai Fook Jewellery Group, said, “We are delighted that the Group achieved record high results and high-quality earnings, validating the success of our brand transformation. As a leading global Chinese luxury group, Chow Tai Fook is charting a course to bring Chinese aesthetics, craftsmanship, and heritage storytelling to the world stage while setting a new benchmark for the industry. Redefining Chinese Luxury Globally The global luxury landscape has been dominated by Western culture. Our ambition is to redefine Chinese luxury globally, showcasing the contemporary Chinese culture, innovation and exquisite craftsmanship to the world. The successful launch of our signature collection – DAWN Collection, has clearly demonstrated Chow Tai Fook’s innovation and creativity, being the first jewellery brand to blend Chinese aesthetics with modern craftsmanship. Since its launch in April 2026 till the end of May 2026, DAWN Collection has delivered remarkable initial results, with Retail Sales Value (“RSV”) of over HK$500 million, outperforming the debut of some of the signature collections to date. Furthermore, more than 20% of customers purchasing this Collection were new to us in the Chinese Mainland, Hong Kong and Macao, underscoring the effectiveness of our signature collections in driving new customer acquisition. During the year, we unveiled our first High Jewellery Collection, “Timeless Harmony”, championing Eastern aesthetics through culturally rooted, world‑class craftsmanship and expanding the brand’s presence in the global high jewellery segment. In March 2026, we appointed David Tse as Global Creative Director, bringing deep luxury expertise from his tenure as Creative Director at Hermès in China, to lead our global storytelling and deepen brand desirability. Blending heritage with contemporary designs, our signature collections continue to resonate with the growing base of culturally conscious consumers. The Rouge Collection, Joie Collection and Chow Tai Fook Palace Museum Collection sustained strong sales momentum in FY2026, contributing close to HK$10 billion to our RSV, while the iconic HUÁ Collection contributed HK$43 billion to our RSV. Rejuvenating Portfolio and Operational Efficiency In February 2026, the Group opened its first global flagship store on Canton Road in Tsim Sha Tsui, Hong Kong, marking a significant milestone in its brand transformation journey. The approximately 10,000-square-foot flagship is the Group’s largest store across Hong Kong and Macao, showcasing the brand’s nearly century-long legacy, craftsmanship and creativity through it’s “Heritage Pavilion” and diverse offerings. The flagship offers consumers an elevated retail experience that reflects our evolving ambition as the leading global Chinese luxury group. As of FY2026, we had a total of 8 newly designed luxury-format stores in prime locations in the Mainland. These stores delivered significantly higher productivity, which was approximately 8 to 10 times the average Same Store Sales (“SSS”). These newly designed stores also had a substantially higher contribution from fixed-price jewellery. We also selectively opened stores in high-footfall locations, backed by enhanced visual merchandising, optimised product mix and elevated retail experience. As a result, the average monthly RSV of new stores aged less than two years reached approximately HK$1.6 million, up 57% YoY. In view of the success of the newly designed luxury-format stores, we plan to expand its network in the Mainland from the current 8 stores to 50 by FY2030. In the Mainland, SSS increased by 6.9% in FY2026, supported by our ongoing brand transformation initiatives and continued store optimisation. In Hong Kong and Macao, consumer demand strengthened notably post Mainland VAT reform on gold trading, with SSS rising 16.8% in FY2026. SSS growth in Hong Kong was 13.3% and Macao was 29.4% for the year. During the year, the Group also advanced digitalisation and launched our in-house AI Agent platform, deploying over 12 agents across functions such as visual merchandising, the GenAI jewellery creative centre, and AI live streaming, to drive operational efficiency and enhance customer engagement. Reimagining New Horizons The Group’s FY2030 ambition is to double the RSV of our international operations compared to FY2026; and to have an international footprint of over 100 stores. In line with our ambition, the Group expanded the Chow Tai Fook universe into new geographies, channels, product categories, and experiences that resonate with the constantly evolving lifestyle and aspirations of customers in FY2026. With the ambition to reshape global luxury and further strengthen our brand influence among global audiences, newly designed luxury-format stores were launched at Jewel Changi Airport in Singapore, Siam Paragon in Bangkok, and Westfield Sydney in Australia – marking our first entry into Oceania. This brings the total number of CHOW TAI FOOK JEWELLERY POS in Other Markets to 63. In FY2027, we will open further newly designed luxury-format stores across Southeast Asia and North America, while exploring opportunities in the Middle East in the next two years. As the first global Chinese jewellery brand to enter the luxury lifestyle arena, the new luxury home-décor line “Chow Tai Fook Home” brings craftsmanship, cultural heritage and attention to detail to refined home décor and functional art, including tableware collections developed in collaboration with renowned French porcelain house Bernardaud, where Western craftsmanship meets Chinese cultural heritage and gold artistry. Together with CTF Accessories which covers hair adornments, gold medallions and watch strap accessories, the new lifestyle offers will capture diverse market segments, broaden our customer base and create synergies with our core jewellery business. In FY2026, we continued to collaborate proactively with renowned IPs to reach new audiences. Our Black Myth Collection received overwhelming market response, with a significantly higher male mix than the Group average. Meanwhile, collaborations with Disney, Chiikawa and the NBA attracted new loyalty members, which accounted for 35%–55% of these IP collaborations’ customers, with a significant percentage of younger generations. HEARTS ON FIRE, a member of the Group, has continued its transformation into a modern global luxury diamond jewellery brand within the Group. During the year, HEARTS ON FIRE delivered resilient performance with its iconic INSIDE/OUT Collection contributing to 13% of the brand’s global revenue. The brand also expanded its retail presence in Asia with five new luxury retail locations, strengthening visibility in key luxury markets. Business Outlook The strong financial and operational performance highlights the success of our brand transformation strategy and paves the way for further growth. We are now entering the definitive phase of our multi-year transformation journey to our centenary in 2029, accelerating the pace and ensuring the precision of our full-scale strategic execution in FY2027 and beyond. Our sharpened focus is on elevating brand desirability, enriching the retail experience, and strengthening product differentiation. Despite continuing external market volatility and macroeconomic uncertainty, we remain cautiously optimistic in the markets where we operate. We are firmly committed to our brand transformation journey – redefining Chinese luxury globally, rejuvenating portfolio and operational efficiency and reimagining new horizons. We will continue to rigorously uphold financial discipline in cost and capital management, driving high-quality growth, sustainable earnings and returns for our shareholders. FY2030 Ambitions As we approach our centenary, we envision a Chow Tai Fook universe where jewellery seamlessly intertwines with the lifestyle of our customers – enriching their appreciation of cultural heritage, artistry, and craftsmanship. We see luxury as a universal language that transcends borders and cultures, where jewellery and lifestyle come together to express a shared vision of beauty, elegance, and creativity. Looking ahead to FY2030, we have set out the following ambitious targets: Financial performance: We aim to achieve above-market revenue growth, and sustain a high ROE of above 25% by FY2030; Store network evolution: We target to complete the full renovation and elevation of our POS portfolio by FY2030, delivering a cohesive and distinctive retail experience across all locations. In parallel, we plan to expand our network of newly designed luxury-format stores in the Mainland from the current 8 stores to 50 by FY2030; International expansion: We aim to double the RSV of our international operations compared to FY2026; and to have an international footprint of over 100 stores. Sustainability: We will target a 50% reduction in Greenhouse Gas emissions by FY2030, using FY2024, the first year of our brand transformation journey, as the base year. ### Chow Tai Fook Jewellery Group Limited Since its founding in 1929, CHOW TAI FOOK, the flagship brand of Chow Tai Fook Jewellery Group, has been celebrated for its bold designs and meticulous attention to detail. Our commitment to innovation and craftsmanship has made us synonymous with excellence, value, and authenticity. As the global Chinese luxury group, we blend contemporary designs with traditional techniques to create timeless pieces. Each collection reflects our customers' stories and lives, celebrating their special moments. We aspire to inspire and captivate generations to come, weaving the story of CHOW TAI FOOK into their own. Our brand portfolio includes the iconic CHOW TAI FOOK flagship brand, HEARTS ON FIRE, ENZO, and MONOLOGUE, offering a wide variety of products that also includes an expanding range of cutting-edge IP collaborations. With over 5,000 stores worldwide, we offer a seamless client journey across all touchpoints that includes a network across China as well as a growing number of global locations. Chow Tai Fook Jewellery Group Limited (SEHK: 1929) has been listed on the Main Board of the Hong Kong Stock Exchange since December 2011. We are committed to delivering sustainable long-term value for our stakeholders by continually enhancing earnings quality and driving higher value growth. Media Enquiries: Chow Tai Fook Jewellery Group Limited Haide Ng Associate Director, Corporate Communications Tel: (852) 3115 4402 Email: haideng@chowtaifook.com 11/06/2026 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.com
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WHAT WATON’S NEW PLATFORM – MoTA IS DESIGNED TO HELP USERS DO

EQS via SeaPRwire.com / 09/06/2026 / 16:00 UTC+8 (9 June 2026, Hong Kong) Waton Financial Limited Unveils MoTA: An AI-Native Investment Team Operating System and Agent Marketplace That Lets Anyone Build, Manage, and Command Their Own Professional Investment Research Team Waton Financial Limited today unveiled MoTA (Manager of Trading Agents), an AI-native investment team operating system and Agent marketplace that redefines what AI can do for investors. MoTA is not a stock-picking chatbot or a black-box trading bot. It is a platform designed to let users build, manage, and command their own team of specialized AI Agents across the full investment workflow — from portfolio definition to trade execution. The Problem Professional investment research has always required a team: factor researchers, fundamental analysts, technical analysts, risk managers, portfolio constructors, and trade execution officers. Each role demands specialized talent and expensive infrastructure. For individual investors and small teams, assembling such a capability has been cost-prohibitive — until now. The Solution MoTA transforms the user from a passive consumer of AI signals into an active leader of an AI-powered investment team. Its four integrated modules work together to deliver a seamless, end-to-end experience. First, Talents — the Agent Marketplace. Users browse, compare, and hire specialized AI Agents by role. Each Agent is purpose-built for a specific investment function — fundamental analysis, technical analysis, risk management, trade execution, and more. Agents can be swapped and composed as strategies evolve. Second, Team — composing your investment team. Users assemble multiple Agents into a structured team. Analysts feed research inputs, the Portfolio Manager evaluates and writes memos, the Risk Manager reviews exposure, and the Trader validates routing. The human user retains final sign-off authority at every stage. Third, Portfolio — the portfolio cockpit. A real-time overview of holdings, assets, P&L, risk, and exposure. Users see exactly what is moving across positions, where risk sits, and where returns originate — all in one unified view. Fourth, Decision — the Decision Center. Every Agent-generated suggestion surfaces in the Decision Center with full context: source Agent, signal, reasoning, and current status. Users can click into the full workflow or execution path, compare competing analyses, and manage an actionable queue of decisions. Every recommendation is structured, traceable, and auditable. These four modules connect in a continuous workflow: Portfolio to Decision to Team to Trade. Why MoTA Is Different Traditional AI investing tools offer a single AI chat box, scattered research answers, black-box signals, no role separation, and AI value that is hard to measure. Reviews are tied to AI silos. MoTA provides a multi-Agent investment team, a connected Portfolio-to-Trade workflow, an auditable Decision Center, dedicated Analyst and PM and Risk and Trader roles in coordination, unified metrics such as ROI and win rate and cost per run and override rate, and a unified path for portfolio, decisions, Agents, and trades. The Vision Behind MoTA Waton Financial Limited's mission with MoTA is clear: to make professional-grade multi-agent investing tools more accessible, more transparent, and more user-controlled. MoTA does not replace human judgment — it amplifies it. The platform frees users from the burden of being a full-stack investment expert and elevates them to a higher role: the builder, manager, and decision-maker of their own AI investment team. As AI moves from content generation into workflow execution, investing — inherently a multi-role, multi-step, multi-constraint process — is a natural fit for this transformation. MoTA is designed to bridge the gap between what AI can do and what the investment workflow actually needs. About MoTA MoTA (Manager of Trading Agents) is Waton Financial Limited's flagship AI-native investment team operating system and marketplace for specialized investing Agents. It enables users to create fully customizable investment teams, assign specialized AI Agents to each role, and receive structured, traceable, and auditable investment suggestions across the entire Portfolio-to-Trade workflow. About Waton Financial Limited Waton Financial Limited is a publicly listed financial services and technology company that designs, owns, and operates the MoTA platform. Waton is committed to building AI-native infrastructure for investment teams and making professional-grade multi-agent investing tools accessible to a broader audience. Welcome to MoTA. Welcome to the new era of investing. Media Contact Email: ir@watonfinancial.com Website: https://wtf.us Explore MoTA: https://mota.ai Disclaimer: This press release contains forward-looking statements. Actual results may differ materially from those expressed or implied. This is not investment advice. Past performance does not guarantee future results. 09/06/2026 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.com
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C.banner (01028.HK) to Acquire Controlling Stake in Benyuan Zhishu to Enter AI Data Sector

EQS via SeaPRwire.com / 08/06/2026 / 10:13 UTC+8 On June 5, 2026, C.banner (01028.HK) announced that it will obtain controlling interests in Benyuan Zhishu, a leading domestic AI data service provider, through equity acquisition and new share subscription. Benyuan Zhishu will be consolidated into the Group’s financial statements, marking the formation of a dual-core business structure comprising “footwear+ Artificial Intelligence data”. Why data? As public data is gradually digested by large models, the critical bottleneck in AI is shifting from “whose model is bigger” to “who can continuously provide harder, more authentic, high-quality data.” Computing power can be purchased, algorithms can be replicated, but this particular task cannot be bought or expedited. In 2025, Meta invested in Scale AI at a valuation of approximately $29 billion, marking a market revaluation of this insight. The scarcity of Benyuan Zhishu lies in its position and profitability. Founded in 2015, it sits upstream in the AI industry chain and is one of the few domestic suppliers that possess comprehensive data service capabilities, including large models, world models, and embodied intelligence. It serves top-tier large model manufacturers, leading internet platforms, and eminent embodied intelligence enterprises, acting as an exclusive supplier in several high-value data categories. Its revenue in 2025 was approximately 156.2 million yuan, with a net profit of 11.1 million yuan after tax, and the first five months of 2026 have shown strong revenue growth. In an AI industry largely reliant on burning money, a data company equipped with real orders and already profitable is indeed rare. The design of this transaction also demonstrates ingenuity: it is funded entirely with the Group’s internal resources. C.banner’s footwear business generates solid cash flow and maintains a net cash position. Proceeds from the new share subscription will be invested into capacity expansion and R&D, while the founding team will retain equity holdings. Upon completion of the transaction, Benyuan Zhishu will retain its independent brand, independent operations, and data segregation. C.banner will not develop models or compete with Benyuan Zhishu’s clients, allowing industry competitors to continue using the same neutral supplier with confidence. The management of C.banner stated: “We believe that high-quality data is one of the most critical and scarce infrastructures in the era of artificial intelligence. This transaction allows the Group to enter this rapidly growing sector while maintaining a stable foundation in the consumer industry. We look forward to working with Benyuan Zhishu to continuously provide 'data fuel' of high quality to China's AI industry, creating sustainable long-term value for our shareholders under the dual-core business framework.” 08/06/2026 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.com
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Newborn Town Cancels Over 5.17 Million Repurchased Shares, Cumulative Amount Exceeds HK$45 Million

EQS via SeaPRwire.com / 04/06/2026 / 19:30 UTC+8 [Hong Kong – 4 June 2026] Newborn Town Inc., a leading global social entertainment company (Newborn Town or the company, stock code: 09911.HK) is pleased to announced that it has cancelled a total of 5,174,000 shares repurchased between 27 April and 29 May 2026, representing an aggregate repurchase consideration of approximately HK$45.32 million. Prior in March 2026, Newborn Town announced a share repurchase plan of approximately HK$300 million to be carried out over the next two years. According to the announcement, following this cancellation, the total number of issued shares will decrease from 1,413,208,391 to 1,408,034,391, and Newborn Town will no longer hold any treasury shares. The Board believes that the cancellation of the repurchased shares will enhance net asset value per share and earnings per share, which aligns with the overall interests of the Company and its shareholders. The Board will continue to review and, at its sole discretion, execute share repurchases from time to time. The Company’s continued execution of both share repurchases and share cancellations sends a clear signal of management’s confidence in Newborn Town’s long-term growth prospects, while also demonstrating its commitment to enhancing shareholder returns and improving capital efficiency. Since its inclusion in the Stock Connect in March this year, Newborn Town has seen a significant increase in trading activity, accompanied by growing participation from Southbound investors. Notably, the latest round of repurchases was conducted shortly after the release of the Company's first quarter operating update. On 22 April, Newborn Town announced its unaudited operating data for the first quarter of 2026. During the period, total revenue is expected to reach approximately RMB2,030 million to RMB2,130 million, representing a year-on-year increase of approximately 33.0% to 39.6%. Among this, revenue from social networking business increased by approximately 31.3% to 37.2% year-on-year, while revenue from innovative business surged by approximately 46.7% to 58.7%, primarily driven by the rapid expansion of its AI-powered short drama business. About Newborn Town Newborn Town has grown into a leading technology company which was listed on the Main Board of the Hong Kong Stock Exchange (HKEX) in 2019 under the stock code 9911.Committed to creating positive emotional value worldwide, Newborn Town has developed a diverse portfolio of applications in the social networking and entertainment sectors. Its social apps include MICO, YoHo, TopTop, SUGO and HeeSay, together with gaming products like Alice's Dream: Merge Games. These applications have achieved widespread acclaim, reaching over one billion users in over one hundred countries and regions.Newborn Town considers the Middle East and North Africa (MENA) region a key market and has also extended its influence in Southeast Asia, Europe, the United States, Japan, and South Korea. The company aims to become the world's largest social entertainment company. For enquiries, please contact DLK Advisory pr@dlkadvisory.com 04/06/2026 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.com
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Hymson Highlights Operational Reliability at The Battery Show Europe 2026

EQS Newswire / 03/06/2026 / 11:12 UTC+8 From Cell to System. From proven manufacturing experience to localized European support. Not only broad technology coverage, but the operational stability you can depend on. June 9–11, 2026 | Booth 1-B30 European battery manufacturers are moving beyond equipment procurement toward industrial ramp-up, where yield, uptime, process discipline, and local service capability determine long-term competitiveness. As battery manufacturing moves from pilot validation toward industrial-scale production, operational reliability is becoming increasingly critical across the industry. At The Battery Show Europe 2026, Hymson returns for its fifth consecutive year with a clear message for the European market: “How we make it reliable.” From process validation to mass production. Battery industrialization is not only about installing equipment. It requires process validation, operator training, spare parts readiness, data visibility, and continuous improvement mechanisms. Over the past five years, Hymson has continued to deepen its engagement with the European market, working alongside battery manufacturers amid evolving production demands, technology transitions, and industrial-scaling challenges. This long-term collaboration has enabled Hymson to continuously refine both its technologies and manufacturing methodologies for global battery production environments. Behind this commitment is sustained investment in innovation and engineering capability. By 2025, Hymson’s cumulative R&D investment will reach USD 86 million, with 34.47% of employees dedicated to R&D. Total operating revenue is projected to reach USD 939 million in 2026, supporting continued advancement in next-generation battery manufacturing technologies and industrial delivery capability. Mid-Section Turnkey Solutions for Scalable Manufacturing At Booth 1-B30, Hymson will present its latest Mid-Section Turnkey Solution through a comprehensive product matrix and a series of scaled technology models showcasing key manufacturing innovations, alongside extensive battery process samples demonstrating end-to-end manufacturing capabilities. The scaled equipment models on display include: Solid-State Dry-Electrode Solution Film-Forming & Calendering & Lamination Integrated Machine 390 High-Speed Cutting & Stacking Machine CT Inspection Machine for Prismatic Assembly Through these scaled technology models, Hymson will provide visitors with a more intuitive understanding of process integration, equipment architecture, and manufacturing workflow within next-generation battery production environments. Hymson will also showcase: 588Ah Cell Samples Developed for Overseas Customer Requirements 588Ah Cell Cap & Can Laser Welding Samples 40+ process samples covering electrode manufacturing, surface treatment, prismatic assembly, and stacking technologies Together, these exhibits reflect Hymson’s integrated approach to mid-section manufacturing — combining process capability, operational consistency, and scalable production performance. Reliability Starts from Cell Design For Hymson, manufacturing reliability does not begin at equipment installation or even at mass production. It begins much earlier — at the cell design and manufacturability assessment stage. To support customers throughout the entire industrialization journey, Hymson provides an integrated consulting and engineering support framework covering: Cell Design to Manufacturing Production Line Planning Mass Production Line Ramp-up Support Training A key focus within this framework is manufacturability validation before mass production. For many next-generation battery technologies, laboratory-level performance alone is not sufficient for successful industrialization. To reduce scaling risks, Hymson provides DOE (Design of Experiments) and DTM-based battery process analysis to support parameter optimization, blueprint evaluation, and manufacturability feasibility study. Through this process, Hymson helps customers establish: Optimized Process Parameters Manufacturable Battery Analysis Stable Transition from Validation to Mass Production Reduced Ramp-Up Uncertainty and Operational Risks Hymson helps customers translate validated pilot-line conditions into scalable mass-production workflows with thousands of successful delivery and implementation experiences as lessons learned, transitioning into Know-How for the customers, enabling smoother and more accurate alignment between pilot validation and large-scale production environments. This approach helps minimize the risks of industrialization while accelerating mass-production readiness. Technical discussions and in-depth solution exchanges will be available throughout the exhibition. Digitalized Operations for Long-Term Stability Beyond manufacturing equipment, Hymson will also present its End-to-End intelligent manufacturing support across equipment, logistics, and operations management This includes Hymson’s intelligent warehousing & logistics solution together with the IEMS intelligent equipment operation and maintenance system. Driven by AI algorithms and 3D visual monitoring technologies, the system enables: Digital Closed-Loop Production Real-Time Operational Visibility Intelligent Equipment Maintenance Data-Driven Production Management Dark-Factory-Oriented Operation Scenarios The system supports higher levels of automation and unmanned operation where applicable by integrating manufacturing execution, logistics coordination, and equipment operation into a unified system, Hymson helps customers improve operational transparency, production efficiency, and long-term factory stability. Spare Parts Support Built Around Operational Continuity To further strengthen production reliability, Hymson continues to enhance its global spare parts service capability. Hymson provides both original Hymson spare parts and third-party qualified industrial spare parts, tailored to customer requirements, supported by flexible supply mechanisms and predictive inventory planning. The service framework helps customers secure: Critical Spare Parts Availability Improved Price and Lead-Time Predictability Reduced Downtime Risks Lower Inventory Burden Where Applicable Optimized Total Cost of Ownership (TCO) Through data-driven spare parts forecasting and scheduled replenishment systems, Hymson aims to establish a replicable, stable after-sales support structure for long-term manufacturing operations. Advancing Reliable Battery Manufacturing from Asia to Europe Returning to The Battery Show Europe 2026 for the fifth consecutive year reflects Hymson’s long-term commitment to supporting Europe’s battery manufacturing ecosystem. From process development to intelligent factory operations, Hymson continues to combine large-scale manufacturing experience from Asia with localized industrial collaboration in Europe — helping battery manufacturers build production systems designed not only for technological advancement but also for reliable long-term operation. As Hymson has always stated, visitors are invited to discuss specific challenges such as process validation, ramp-up risk reduction, equipment OEE improvement, spare parts planning, and localized service support. Company: Hymson Laser Technology Group Co., Ltd. Contact Person: liruiyu Email: liruiyu@hymson.com Website: https://www.hymson.com 03/06/2026 Dissemination of a Financial Press Release, transmitted by EQS News. The issuer is solely responsible for the content of this announcement. Media archive at www.todayir.com View original content: EQS News
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SeaPRwire Taps Mainstream Media in Indonesia, Thailand, and Vietnam

EQS via SeaPRwire.com / 04/06/2026 / 11:06 UTC+8 Hong Kong - June 03, 2026 - (SeaPRwire) - Southeast Asia is becoming a new engine of global economic growth, with Indonesia, Thailand, and Vietnam acting as the most dazzling "vibrant troika" among them. To help global enterprises seize the dividends of the Southeast Asian market, renowned media service provider SeaPRwire (https://seaprwire.com) announced today that it has successfully and deeply tapped the local mainstream media ecosystems of Indonesia, Thailand, and Vietnam, building a PR green channel reaching hundreds of millions of consumers in Southeast Asia directly for overseas enterprises. Indonesia's demographic dividend, Thailand's consumer vitality, and Vietnam's rise in manufacturing and technology have made these three countries must-contend spots for all industries going overseas. However, the Southeast Asian region features diverse languages, scattered media forms, and vastly different religious and cultural backgrounds across countries, posing enormous challenges to the PR communication of foreign brands. SeaPRwire's localized expansion this time is precisely to solve this pain point. In Indonesia, SeaPRwire has strengthened cooperation with mainstream Indonesian-language portals in Jakarta and high-traffic social media matrices; in Thailand, the platform seamlessly interfaced with core Thai-language financial and fashion lifestyle media in Bangkok; and in Vietnam, it focused its layout on technology, venture capital, and digital media highly relied upon by the younger generation in Hanoi and Ho Chi Minh City. Through this refined localized media sinking, SeaPRwire ensures that enterprise information can be accurately and losslessly delivered to the most consumable local groups. "To explore the Southeast Asian market, 'groundedness' is the primary factor," stated SeaPRwire's Southeast Asia marketing director. "We are not just translating English drafts into local languages; we are penetrating deep into the media ecosystem capillaries of Indonesia, Thailand, and Vietnam. We hope to use news storytelling that best fits local contexts to help enterprises establish a warm and trusted local brand image." About SeaPRwire SeaPRwire is Asia’s leading AI-driven earned media management platform, purpose-built to empower PR and communications professionals. Through its flagship Branding-Insight Program, the platform connects clients to over 80,000 journalists and an influencer matrix reaching 300 million followers. Leveraging advanced AI, SeaPRwire helps users identify media targets, personalize pitches, and measure PR impact across key APAC markets, including Japan, China, Korea, and Southeast Asia. Media Contact Company: SeaPRwire Contact: Media Relations Team Email: cs@seaprwire.com Website: https://seaprwire.com 04/06/2026 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.com
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Hong Kong Gold Industry Group (02623.HK) Dual HK$100Bn Development Blueprint Unveiled to Usher in a New Era for Hong Kong’s Gold Industry

EQS via SeaPRwire.com / 03/06/2026 / 16:58 UTC+8 On June 3, 2026, Add New Energy (stock code: 02623.HK), listed on the Main Board of the Hong Kong Stock Exchange, officially renamed as Hong Kong Gold Industry Group Limited, with its short stock name amended to Hong Kong Gold Industry Group (ticker shorthand: HK GOLD IND GP).The name change is far more than a simple rebranding. It marks the culmination of a series of strategic initiatives following the shift in controlling ownership back in October 2025. Unveiling its core development framework on June 1, Hong Kong Gold Industry Group (the “Company”) put forward the "Six Ones" development goals, laying out concrete and quantifiable metrics. The overhaul signals the Company’s full entry into the full value chain of gold, as it embarks on an ambitious journey to build a first-class gold conglomerate in Asia Pacific. Behind the Rename: Strategy First The planning and rollout of the name change have followed a strategy-first business logic.In October 2025, incoming controlling shareholders Mr. Wu Zhenxing and Ms. Wei Jiaming, alongside veteran investment banker Mr. Wu Haigan, took majority ownership of Add New Energy via HKGG Holdings Limited, securing a combined 55.6% equity stake. This ownership restructure injected new momentum into the listed Company. The new management team restructured the board of directors, assembling an 18-member board comprising industry veterans and sector specialists. In January 2026, the Company kicked off a rights issue offering existing shareholders one new share for every two held at a subscription price of HK$2.88 per share. A total of 175 million new shares were issued, generating net proceeds of approximately HK$503 million, 70% of which is earmarked explicitly for gold resource acquisitions and capital expenditure.Armed with fresh capital, the Company accelerated its global gold asset buildout at a brisk clip. In February 2026, it invested approximately A$39.5 million to subscribe for 36.57 million placement shares in Australian listed gold developer Horizon Minerals Limited (HRZ.AX), equivalent to a 9.95% holding in the developer’s issued capital, marking its entry into gold mining. A month later, the Company upped its strategic bet on the same Australian developer with a A$40.716 million acquisition of another 37.7 million HRZ.AX shares. The Company’s ownership climbed to 19.97%, cementing its position as Horizon’s single largest shareholder. HRZ.AX holds key assets in Kalgoorlie, Western Australia - one of the world’s iconic gold mining hubs. As of February 2026, HRZ.AX boasted total mineral resources of 34.32 million tonnes, translating to roughly 1.88 million troy ounces of contained gold. Its flagship Burbanks asset has substantial upside from further exploration.Concurrently, the Company pushed ahead with its precious metal footprint in China, planning a RMB221 million acquisition of a 20% equity slice in Guixi Baojia Mining via a partnership investment vehicle, granting it exposure to silver mining and processing. Having locked down this roster of tangible assets, the listed entity first announced its proposed name change on April 2, 2026, which received unanimous shareholder approval at an extraordinary general meeting held on April 29. It underscores the Company’s resolute strategic commitment and strong implementation. Decade-long Blueprint: "Six Ones" Goals and Three-Step Roadmap Released on June 3, the 2026–2035 Ten-Year Strategic Development Outline serves as the Company’s core action guideline for its full transition into gold-focused businesses. Centered on the long-term ambition of building a HK$100 billion gold industrial conglomerate, the document codifies the "Six Ones" goals spanning mining resources, production output, full value chain presence, profitability, market valuation and strategic reserves: Gold mine: To acquire 10 mid-to-large gold mines globally Resource: To build up 1,000 tonnes of proven and probable gold reserves to underpin sustainable long-term growth Production capacity: To hit annual gold output of no less than 10 tonnes, being one of the large- and mid-sized gold producers globally. Profitability: To deliver annual profits of HK$10 billion, building strong and sustainable profitability Capital market: To grow market cap beyond HK$100 billion, maximizing shareholder returns. Asset: To accumulate a 100-tonne gold strategic reserve as a strategic anchor To deliver on these ambitious goals, the Company has mapped out a robust three-step pathway:Phase 1 - Foundation Building:To secure initial acquisitions of two to three mid-to-large gold mines to add 200–300 tonnes of gold reserves. By 2027, target annual gold output of 2–3 tonnes, HK$2 billion - HK$2.5 billion in annual revenue and a market cap of HK$10 billion - HK$15 billion, cementing its market identity as a specialized gold player.Phase 2 - Rapid Expansion:To expand the global mine portfolio to another six or seven acquired assets, lifting total gold reserves to 600–700 tonnes and elevating the Company into China’s top gold miners. Aspire to annual gold output of 6–8 tonnes, annual turnover ranging from HK$5 billion - HK$6 billion and annual net profit of HK$2 billion - HK$3 billion. This phase will see the buildout of a fully functional overseas operating system with mine production across multiple time zones.Phase 3 - Industry Leadership:To fulfil all metrics under the "Six Ones" goals, achieving 1,000 tonnes of gold resource reserves and annual output above 10 tonnes. Aim to rank among the top 10 gold producers in Asia Pacific with a full value chain ecosystem, and participate in shaping industry standards. Core Competitiveness: Hong Kong’s Geographic Premium + Full Value Chain Buildout As a Hong Kong-based and mainboard-listed company, the Company leverages Hong Kong’s status as both the second largest International financial center and a global gold trading hub to develop differentiated competitive advantages.Hong Kong commands an outsized global share of cross-border gold bullion flows; total cross-border gold flow hit roughly 1,650 tonnes in 2024, accounting for 25% to 27% of all global seaborne gold trade volumes. Capitalizing on this structural edge, the Company plans to launch in-city gold refining operations targeting an incremental gross margin of US$45–US$50 per troy ounce: unlike mainland China’s 13% value-added tax on precious metals, Hong Kong’s zero-tariff regime cuts comprehensive tax costs by US$30–US$40 per ounce, while LBMA-accredited refining certification unlocks an additional US$5–US$8 per ounce premium. Additionally, Hong Kong’s sophisticated cross-border logistics network and dual-currency offshore settlement infrastructure further curtail operating costs and unlock cross-market arbitrage opportunities.From a value-chain perspective, the Company is committed to becoming a fully integrated gold conglomerate spanning upstream mining, midstream metallurgical processing, downstream trading, retail and financial services. Upstream: a targeted global M&A strategy prioritizes high-quality producing or near-production gold mines across China and its neighboring regions, Oceania, Africa and South America, following a tiered asset pipeline approach: holding multiple batches of assets across active producing mines, projects under construction and prospective reserves.Midstream: the Company intends to run Hong Kong-based refining facilities to ride on the Shenzhen Shuibei operating model - "front store plus back factory ", locking in structural cost advantages.Downstream: the Company will expand into gold trading and gold-linked financial services, rolling out gold ETF, options and other derivatives alongside gold leasing and collateralized lending products, plus digital gold solutions (e.g., similar to GoldZip). The Company also plans to set up a mining-focused investment fund targeting upstream mineral opportunities, and build its planned 100-tonne strategic gold reserves as its strategic anchor. Capital Market: Sustainable Valuation Growth Fueled by Global M&As The strategic pivot and renaming are set to drive a fundamental reshaping of the Company’s market valuation. In the gold industry, valuations globally are primarily anchored by proven mineral reserves, operating profit contribution from owned mines and future acquisition scalability. Gold players with production have an average P/E multiple of 12x, versus just 5.7x for near-production miners. The Company intends to lift the share of earnings derived from operational gold mines via sustained reserve acquisitions and capacity ramp-up, which should propel the valuation benchmark materially higher over time.Under its blueprint, the Company targets HK$100 billion in annual operating revenue and HK$10 billion in annual profits by 2035. Applying a forward P/E valuation band of 10x–15x, the implied target market cap ranges between HK$100 billion and HK$150 billion. To realize this valuation milestone, the Company has laid out a clear capital markets roadmap: fund global acquisitions of high-quality gold mineral assets via a mix of equity and bond financing, roll out employee share incentive programs and targeted business spin-offs. It targets lifting its annual dividend payout ratio to 50%–70% by 2030 and sustaining such payout levels on a sustained long-term basis, delivering attractive investment returns to shareholders while clearly communicating the Company’s strategic value to capital markets.The corporate valuations of global top-tier gold producers have consistently leapfrogged via sustained inorganic acquisitions. As illustrated by the Canadian Agnico Eagle, a two-decade string of accretive acquisitions expanded its mineral reserves and delivered substantial outperformance against peer mining stocks. Major Chinese players including Zijin Mining and Chifeng Gold have similarly unlocked robust growth via overseas resource consolidation. HK Gold Industry Group’s management team boasts an extensive track record in mineral investment and capital markets, with previous exposure spanning multiple Hong Kong-listed gold miners such as Zijin Gold International, Wanguo Gold Group, Chifeng Gold, Lingbao Gold Group, and Zhaojin Mining Industry. With ongoing strategic implementation and steady inflow of high-quality gold assets, the Company is well-positioned to replicate the growth trajectory of established leaders and scale its market cap from HK$10 billion to HK$100 billion. Closing: Ushering In a New Era for Hong Kong’s Gold Industry The renaming from Add New Energy to Hong Kong Gold Industry Group represents far more than the strategic transformation of a single listed company. It stands as a pivotal milestone for the development of Hong Kong’s broader gold industry.The Company aligns its roadmap with China’s 15th Five-Year Plan and the Hong Kong SAR government’s agenda to cement the city’s position as a global bullion trading hub. The Company has pinned its core development on the value chain of gold, and is committed to emerging as a sector leader to lead the development of Hong Kong’s gold industry. From its refreshed starting point, the Company will leverage Hong Kong’s unique geographic location and international financial center credentials to aggregate global gold mineral resources and build out its full value chain ecosystem. Steady progress against its roadmap and the Six-Ones goals is poised to transform the Company into a first-class gold conglomerate in Asia Pacific over the coming decade, delivering sustainable returns for shareholders. The Company will contribute to Hong Kong’s endeavor to build a globally influential bullion hub, ushering in a new chapter for Hong Kong’s gold industry. 03/06/2026 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.com
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His Excellency Abdulsalam Al Murshidi appointment and updated committees composition

EQS via SeaPRwire.com / 02/06/2026 / 09:19 MSK Solidcore Resources plc (“Solidcore” or the “Company”) is pleased to announce the appointment of His Excellency (HE) Abdulsalam Al Murshidi, the President of Oman Investment Authority, as a Non-Executive Director and Chair of the Board with effect from 1 June 2026. Omar Bahram will move from the role of Chair of the Board to become Vice-Chair while continuing to serve as a Non-Executive Director. “I am pleased to be nominated for this role and look forward to working closely with management and the Board to support the Company’s development. Solidcore is a key investment in the region for the Sultanate of Oman and my focus will be on strengthening long-term value creation and helping develop and protect our investment through effective governance and strategic oversight”, said Abdulsalam Al Murshidi. “It is a great honor to welcome His Excellency Abdulsalam Al Murshidi as Chair of the Board. His background, strategic perspective, and long-term commitment as the key shareholder representative will be a strong asset as we continue executing our growth strategy and building sustainable value for all stakeholders”, said Vitaly Nesis, CEO of Solidcore Resources plc. The appointment of HE Abdulsalam Al Murshidi was proposed by the Company’s major shareholder Maaden International Investment and approved by the Board. He will stand for election at the upcoming Annual General Meeting of Solidcore, to be held on 24 June 2026 (the “AGM”). The number of Board members will remain unchanged at eight with the majority of the Board remaining independent. Further to this change the new composition of the Board Committees is as follows: The Audit and Risk Committee: Steven Dashevsky (Chair), Evgueni Konovalenko, Richard Sharko. The Remuneration Committee: Richard Sharko (Chair), Janat Berdalina, Evgueni Konovalenko. The Nomination Committee: Evgueni Konovalenko (Chair), Janat Berdalina, Pascale Jeannin Perez. The Safety and Sustainability Committee: Janat Berdalina (Chair), Steven Dashevsky, Pascale Jeannin Perez, Vitaly Nesis. The Investment Committee: Omar Bahram, Steven Dashevsky, Evgueni Konovalenko, Vitaly Nesis. His Excellency Abdulsalam Al Murshidi HE Abdulsalam Al Murshidi currently serves as the President of Oman Investment Authority (OIA), the Sovereign Wealth Fund of the Sultanate of Oman. As part of his duties in OIA, he is the Chairman of the Board of the Gulf Investment Corporation, Kuwait and Governor representing the Sultanate of Oman on the Asian Investment Infrastructure Bank (AIIB) Board of Governors. He is also a member of the Global Commission on Science Missions for Sustainability, International Science Council. He has previously held other positions and founded various industrial, commercial and investment companies in the region. HE Abdulsalam Al Murshidi graduated with distinction from the University of Aberdeen, U.K. with a Master’s Degree of Science in Petroleum Geology (1996). He also holds a Bachelor of Science in Geophysics from the University of Arizona, USA (1989). Current directorships: President of Oman Investment Authority (OIA) (2020 - present); Governor at the Board of Governors of Asian Infrastructure Investment Bank (AIIB) (2020 - present); Chairman of the Board of Directors of Gulf Investment Corporation (GIC) (2026 - present); Member of the Global Commission on Science Missions for Sustainability, International Science Council (2021 - present); Chairman of the Board of Directors of Oman Investment Bank (2024 – present). There is no further information required to be disclosed under Rule 2.6 оf the Market Disclosure Rules Appendix of the AIX Business Rules. About Solidcore Solidcore Resources is a leading gold producer registered in AIFC, Kazakhstan, and listed on Astana International Exchange. Solidcore operates two producing gold mines and a major growth project (Ertis POX) in Kazakhstan. Enquiries Investor Relations Media Kirill Kuznetsov Alina Assanova +7 7172 47 66 55 (Kazakhstan) ir@solidcore-resources.com Yerkin Uderbay +7 7172 47 66 55 (Kazakhstan) media@solidcore-resources.kz FORWARD-LOOKING STATEMENTS This release may include statements that are, or may be deemed to be, “forward-looking statements”. These forward-looking statements speak only as at the date of this release. These forward-looking statements can be identified by the use of forward-looking terminology, including the words “targets”, “believes”, “expects”, “aims”, “intends”, “will”, “may”, “anticipates”, “would”, “could” or “should” or similar expressions or, in each case their negative or other variations or by discussion of strategies, plans, objectives, goals, future events or intentions. These forward-looking statements all include matters that are not historical facts. By their nature, such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond the company’s control that could cause the actual results, performance or achievements of the company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding the company’s present and future business strategies and the environment in which the company will operate in the future. Forward-looking statements are not guarantees of future performance. There are many factors that could cause the company’s actual results, performance or achievements to differ materially from those expressed in such forward-looking statements. The company expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained herein to reflect any change in the company’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based. 02/06/2026 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.com
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Hymson Highlights Operational Reliability at The Battery Show Europe 2026

EQS via SeaPRwire.com / 02/06/2026 / 11:22 UTC+8 From Cell to System. From proven manufacturing experience to localized European support. Not only broad technology coverage, but the operational stability you can depend on. June 9–11, 2026 | Booth 1-B30 European battery manufacturers are moving beyond equipment procurement toward industrial ramp-up, where yield, uptime, process discipline, and local service capability determine long-term competitiveness. As battery manufacturing moves from pilot validation toward industrial-scale production, operational reliability is becoming increasingly critical across the industry.At The Battery Show Europe 2026, Hymson returns for its fifth consecutive year with a clear message for the European market: “How we make it reliable.” From process validation to mass production. Battery industrialization is not only about installing equipment. It requires process validation, operator training, spare parts readiness, data visibility, and continuous improvement mechanisms. Over the past five years, Hymson has continued to deepen its engagement with the European market, working alongside battery manufacturers amid evolving production demands, technology transitions, and industrial-scaling challenges. This long-term collaboration has enabled Hymson to continuously refine both its technologies and manufacturing methodologies for global battery production environments. Behind this commitment is sustained investment in innovation and engineering capability. By 2025, Hymson’s cumulative R&D investment will reach USD 86 million, with 34.47% of employees dedicated to R&D. Total operating revenue is projected to reach USD 939 million in 2026, supporting continued advancement in next-generation battery manufacturing technologies and industrial delivery capability. Mid-Section Turnkey Solutions for Scalable Manufacturing At Booth 1-B30, Hymson will present its latest Mid-Section Turnkey Solution through a comprehensive product matrix and a series of scaled technology models showcasing key manufacturing innovations, alongside extensive battery process samples demonstrating end-to-end manufacturing capabilities. The scaled equipment models on display include: • Solid-State Dry-Electrode Solution • Film-Forming & Calendering & Lamination Integrated Machine • 390 High-Speed Cutting & Stacking Machine • CT Inspection Machine for Prismatic Assembly Through these scaled technology models, Hymson will provide visitors with a more intuitive understanding of process integration, equipment architecture, and manufacturing workflow within next-generation battery production environments. Hymson will also showcase: • 588Ah Cell Samples Developed for Overseas Customer Requirements • 588Ah Cell Cap & Can Laser Welding Samples • 40+ process samples covering electrode manufacturing, surface treatment, prismatic assembly, and stacking technologies Together, these exhibits reflect Hymson’s integrated approach to mid-section manufacturing — combining process capability, operational consistency, and scalable production performance. Reliability Starts from Cell Design For Hymson, manufacturing reliability does not begin at equipment installation or even at mass production. It begins much earlier — at the cell design and manufacturability assessment stage. To support customers throughout the entire industrialization journey, Hymson provides an integrated consulting and engineering support framework covering: • Cell Design to Manufacturing • Production Line Planning • Mass Production Line Ramp-up Support • TrainingA key focus within this framework is manufacturability validation before mass production. For many next-generation battery technologies, laboratory-level performance alone is not sufficient for successful industrialization. To reduce scaling risks, Hymson provides DOE (Design of Experiments) and DTM-based battery process analysis to support parameter optimization, blueprint evaluation, and manufacturability feasibility study. Through this process, Hymson helps customers establish: • Optimized Process Parameters • Manufacturable Battery Analysis • Stable Transition from Validation to Mass Production • Reduced Ramp-Up Uncertainty and Operational Risks Hymson helps customers translate validated pilot-line conditions into scalable mass-production workflows with thousands of successful delivery and implementation experiences as lessons learned, transitioning into Know-How for the customers, enabling smoother and more accurate alignment between pilot validation and large-scale production environments. This approach helps minimize the risks of industrialization while accelerating mass-production readiness. Technical discussions and in-depth solution exchanges will be available throughout the exhibition. Digitalized Operations for Long-Term Stability Beyond manufacturing equipment, Hymson will also present its End-to-End intelligent manufacturing support across equipment, logistics, and operations management This includes Hymson’s intelligent warehousing & logistics solution together with the IEMS intelligent equipment operation and maintenance system. Driven by AI algorithms and 3D visual monitoring technologies, the system enables: • Digital Closed-Loop Production • Real-Time Operational Visibility • Intelligent Equipment Maintenance • Data-Driven Production Management • Dark-Factory-Oriented Operation Scenarios The system supports higher levels of automation and unmanned operation where applicable by integrating manufacturing execution, logistics coordination, and equipment operation into a unified system, Hymson helps customers improve operational transparency, production efficiency, and long-term factory stability. Spare Parts Support Built Around Operational Continuity To further strengthen production reliability, Hymson continues to enhance its global spare parts service capability. Hymson provides both original Hymson spare parts and third-party qualified industrial spare parts, tailored to customer requirements, supported by flexible supply mechanisms and predictive inventory planning. The service framework helps customers secure: • Critical Spare Parts Availability • Improved Price and Lead-Time Predictability • Reduced Downtime Risks Lower Inventory Burden Where Applicable • Optimized Total Cost of Ownership (TCO) Through data-driven spare parts forecasting and scheduled replenishment systems, Hymson aims to establish a replicable, stable after-sales support structure for long-term manufacturing operations. Advancing Reliable Battery Manufacturing from Asia to Europe Returning to The Battery Show Europe 2026 for the fifth consecutive year reflects Hymson’s long-term commitment to supporting Europe’s battery manufacturing ecosystem. From process development to intelligent factory operations, Hymson continues to combine large-scale manufacturing experience from Asia with localized industrial collaboration in Europe — helping battery manufacturers build production systems designed not only for technological advancement but also for reliable long-term operation. As Hymson has always stated, visitors are invited to discuss specific challenges such as process validation, ramp-up risk reduction, equipment OEE improvement, spare parts planning, and localized service support. Company: Hymson Laser Technology Group Co., Ltd. Contact Person: liruiyu Email: liruiyu@hymson.com Website: https://www.hymson.com 02/06/2026 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.com
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AIMS Indonesia Officially Opens in Jakarta, Secures BAPPEBTI Licence

EQS via SeaPRwire.com / 29/05/2026 / 17:55 UTC+8 Jakarta, Indonesia – AIMS officially launched AIMS Indonesia on 25th May 2026, marking a major milestone in the company’s regional expansion and reinforcing its long-term commitment to Southeast Asia’s largest economy. The Grand Opening celebrated a defining achievement for the company: securing the BAPPEBTI licence, the regulatory authorisation that formally permits AIMS to operate in Indonesia. With this approval, AIMS Indonesia is fully authorised to serve the Indonesian market with high standards of compliance, fund security, and institutional-grade trading infrastructure.Held at the newly established AIMS Indonesia Office in central Jakarta, the event welcomed more than 300 guests, including industry leaders, strategic partners, clients, media representatives, and AIMS delegates from across the globe.The evening featured a Lamborghini Huracán displayed beneath a custom-built LED tunnel, alongside an immersive brand showcase that reflected AIMS’ premium positioning and global ambitions.A key highlight of the event was a corporate presentation tracing the growth of AIMS since its establishment in 2015, including landmark partnerships with Borussia Dortmund in 2022, the ASEAN Football Federation in 2023, Tottenham Hotspur in 2024, and Lamborghini in 2026.“This is not merely an office opening — it is a declaration of our long-term commitment to Indonesia and to every trader who has placed their trust in us,” said Mr. Windy Alexandra, CEO of AIMS Indonesia. “Fund safety remains at the core of everything we do. Receiving our BAPPEBTI licence validates our approach and affirms that AIMS Indonesia is here to serve the market with integrity, transparency, and the highest standards of compliance.”With a population exceeding 270 million, growing digital adoption, and rising interest in financial markets, Indonesia represents one of the region’s most important growth opportunities for AIMS.The launch of AIMS Indonesia marks the beginning of a significant new chapter for the Group. Backed by a strong local leadership team, BAPPEBTI regulatory approval, and the global AIMS ecosystem, AIMS Indonesia is positioned to become a leading force in one of Southeast Asia’s most dynamic financial markets. About AIMSAIMS is a brand with an 11-year industry heritage and a trusted financial broker for institutional and individual traders worldwide. With a global presence spanning more than 21 countries and regions, AIMS is renowned for its high-performance trading platforms, highly competitive spreads, and client-centric service philosophy.For more information, visit www.aimsfx.com or follow AIMS on Facebook, Instagram, and TikTok.About AIMS INDONESIAAIMS is a brand with an 11-year industry heritage and a trusted financial broker for institutional and individual traders worldwide. With a global presence spanning more than 21 countries and regions, AIMS is renowned for its high-performance trading platforms, highly competitive spreads, and client-centric service philosophy.For more information, visit www.aims.co.id or follow AIMS ID on Facebook, Instagram, and TikTok. Media Contact:Benson Low, AIMSEmail: media@aimsfx.comWebsite: www.aimsfx.com 29/05/2026 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.com
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Noah Reports Q1 2026 Earnings: Transformation Momentum Continues, Driven by Scalable AI Breakthroughs and Long-Term Growth Engines

EQS via SeaPRwire.com / 29/05/2026 / 11:39 UTC+8 AI integration and disciplined expansion drive operating margin to 37.8% Domestic business refocusing on long-term investments; RMB-denominated private secondary products increased 63.6% year-over-year Global network transitions from license deployment to active execution, lifting overseas AUA to RMB 66.1 billion (US$9.6 billion) Robust capital return program continues with ongoing share repurchases and proposed dividends representing a total payout equivalent to 100% of full-year 2025 non-GAAP net income SINGAPORE, May 28, 2026 — Noah Holdings Limited ("Noah" or the "Company") (NYSE: NOAH and HKEX: 6686), a leading and pioneer wealth management service provider offering comprehensive one-stop advisory services on global investment and asset allocation primarily for global Chinese high-net-worth investors, reported unaudited financial results for the first quarter ended March 31, 2026. During the first quarter of 2026, net revenues grew 1.8% year-over-year to RMB625.8 million (US$90.7 million) driven by performance-based income from domestic private secondary products. This was partially offset by a decrease in one-time commissions from insurance products. Income from operations rose 27.1% year-over-year to RMB236.4 million (US$34.3 million), primarily due to disciplined cost control on employee compensation and structural efficiency initiatives. While reported non-GAAP net income was RMB133.9 million (US$19.4 million), underlying core earnings remained highly resilient; excluding non-operational volatility from equity in affiliates, non-GAAP net income would have reached RMB216.4 million, representing 28% year-over-year growth. Jingbo Wang, Co-founder, Chairlady, NOAH Holdings, commented, "Noah's evolution into an AI-driven, global platform serving Chinese families everywhere has shown clear momentum. In the first quarter of 2026, we observed three increasingly visible trends: an improving profitability structure, our domestic business regaining momentum, and overseas business growth. AI continues to fundamentally redefine the wealth management industry, and as our global network moves from license deployment to operational execution, we expect the institutional integration of AI to be a key driver for sustainable, long-term growth." Zander Yin, CEO of Noah Holdings, stated, "Our profitability structure continues to improve, with operating margin this quarter reaching one of the highest quarterly levels in recent years. We expect full-year operating margin to remain in a healthy range above 30%, although quarter-to-quarter fluctuations are natural due to product mix and expense timing. As our various businesses and AI transformation efforts continue to deliver results, we remain confident in our ability to remain profitable over the long term across various market cycles." Domestic Business: Return to Core Asset Allocation Drives Double-Digit Growth Domestically, Noah successfully refocused its strategic resources on long-term investment capabilities. Active clients reached 10,742, up 21.8% year-over-year. Transaction value of RMB-denominated mutual fund products reached RMB 9.9 billion (US$1.4 billion), up 130.2% year-over-year, while transaction value of RMB-denominated private secondary products reached RMB 5.4 billion, up 63.6% year-over-year. This operational momentum was led by Noah Upright, which recorded a 63.1% year-over-year revenue increase to RMB207.8 million (US$30.1 million). Noah is focusing its domestic business on the secondary market and building out its asset allocation capabilities, prioritizing public mutual funds, private secondary products, AI-driven operations, and Noah Upright's distribution platform. Overseas Business: Registered Overseas Clients and AUA Up, New Licenses Secured Noah's overseas expansion continued its steady upward trajectory, with total registered overseas clients reaching 20,373, up 11.9% year-over-year, and overseas assets under advisory (AUA) rising 0.7% year-over-year to RMB 66.1 billion (US$9.6 billion). Quarterly transaction value for U.S. dollar-denominated products held steady at US$1.15 billion. Strategically, the Company advanced from regional license deployment to active global execution, highlighted by the official inauguration of N+ Club in Tokyo on May 8, 2026, and final regulatory approval for its U.S. broker-dealer license. Notably, the Company's Singapore booking center served as a successful pilot for its new "AI + Wealth Management" department, which has helped deliver a 191.7% growth in AUA on top of improvements in client outreach, service responsiveness, and the professionalism of asset allocation. Accelerated AI Integration and Structural Profitability Improvements AI is fundamentally redefining wealth management by shifting the industry away from linear, headcount-driven growth toward a scalable, platform-based model. Noah has translated this trend into concrete operational efficiency, leveraging AI to streamline client research and back-office workflows while driving first-quarter operating margin to a near-record 37.8%. Noah's AI strategy is driven by three collaborative front-office engines: AI-enhanced relationship managers who focus on deep client engagement over repetitive tasks, a lean AI+ Wealth Management Department that uses digital automation to scale client operations globally without headcount expansion, and AI plus ecosystem expansion, which provides external advisors and family offices with an open platform for global assets, compliance, and execution. Looking ahead, Noah will continue to advance its long-term AI buildout across four core dimensions: clients, relationship managers, products, and governance. Balance Sheet and Shareholder Returns Noah’s balance sheet remains highly liquid, with RMB5.1 billion in cash, cash equivalents, and short-term investments, and zero interest-bearing debt as of March 31, 2026. Reflecting management’s confidence in the Company’s intrinsic value, Noah continued its share repurchase program, buying back approximately 1.81 million ADSs for US$20 million during the quarter. Furthermore, the Board of Directors approved an annual dividend of approximately RMB306.0 million (US$43.8 million) and a special dividend of approximately RMB306.0 million (US$43.8 million), pending shareholder approval, representing a total payout equivalent to 100% of full-year 2025 non-GAAP net income attributable to Noah shareholders. ABOUT NOAH HOLDINGS LIMITED Noah Holdings Limited (NYSE: NOAH and HKEX: 6686) is a leading and pioneer wealth management service provider offering comprehensive one-stop advisory services on global investment and asset allocation primarily for global Chinese high-net-worth investors. Noah's American depositary shares, or ADSs, are listed on the New York Stock Exchange under the symbol "NOAH," and its shares are listed on the main board of the Hong Kong Stock Exchange under the stock code "6686." One ADS represents five ordinary shares, par value $0.00005 per share. In the first quarter of 2026, Noah distributed RMB23.3 billion (US$3.4 billion) of investment products. Through Gopher Asset Management and Olive Asset Management, Noah had assets under management of RMB140.2 billion (US$20.3 billion) as of March 31, 2026. Founded in 2005, the firm pioneered a business model combining wealth management and asset management and has continued to build its international platform over the years. As of March 31, 2026, Noah had 468,983 registered clients. The Group reports its operations under six business segments — Domestic public securities (Noah Upright), Domestic asset management (Gopher Asset Management), Domestic insurance (Glory), Overseas wealth management (ARK Wealth Management), Overseas asset management (Olive Asset Management), and Overseas insurance and comprehensive services (Glory Family Heritage) — plus headquarters. As of March 31, 2026, Noah had established branches and service capabilities across mainland China, Hong Kong, Singapore, Japan, and key U.S. markets, including New York, Los Angeles, and Silicon Valley, reflecting its international operating footprint. For more information, please visit Noah’s investor relations website at ir.noahgroup.com. SAFE HARBOR STATEMENT This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. Noah may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in announcements, circulars or other publications made on the website of The Stock Exchange of Hong Kong Limited (the "Hong Kong Stock Exchange"), in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Noah's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. These statements include, but are not limited to, estimates regarding the sufficiency of Noah's cash and cash equivalents and liquidity risk. A number of factors could cause Noah's actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: its goals and strategies; its future business development, financial condition and results of operations; the expected growth of the wealth management and asset management market in China and internationally; its expectations regarding demand for and market acceptance of the products it distributes; investment risks associated with investment products distributed to Noah's investors, including the risk of default by counterparties or loss of value due to market or business conditions or misconduct by counterparties; its expectations regarding keeping and strengthening its relationships with key clients; relevant government policies and regulations relating to its industries; its ability to attract and retain qualified employees; its ability to stay abreast of market trends and technological advances; its plans to invest in research and development to enhance its product choices and service offerings; competition in its industries in China and internationally; general economic and business conditions globally and in China; and its ability to effectively protect its intellectual property rights and not to infringe on the intellectual property rights of others. Further information regarding these and other risks is included in Noah's filings with the U.S. Securities and Exchange Commission and the Hong Kong Stock Exchange. All information provided in this press release and in the attachments is as of the date of this press release, and Noah does not undertake any obligation to update any such information, including forward-looking statements, as a result of new information, future events or otherwise, except as required under the applicable law. 29/05/2026 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.com
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Powering Macau’s Smart Future with AI —MACAU Pass and Ant Bank (Macao) Partner with Alibaba Ecosystem to Showcase Smart City Vision at BEYOND Expo

EQS via SeaPRwire.com / 28/05/2026 / 15:45 UTC+8 Macau – 28 May 2026 – The BEYOND International Technology Innovation Expo 2026 is being held in Macau from May 27 to 30 under the theme “AI: Digital to Physical”. During the expo, MACAU Pass and Ant Bank (Macao) presented alongside key Alibaba ecosystem partners—including Alibaba Cloud, Qwen AI Glasses, Wuying, and Wukong—to offer a comprehensive look at the complete innovation chain spanning from foundational computing power to real-world applications, telling the “Macau Story” of how fintech and digital technologies are reshaping the smart city experience. MACAU Pass: Cultivating a New Digital Payment Ecosystem to Empower Smart City and Greater Bay Area Connectivity As Macau accelerates its smart city development and advances its strategy for moderate economic diversification, digitalization has melded into the city dynamics, becoming a core engine for high-quality development. With deep roots in Macau for over two decades, MACAU Pass pioneered the city's transit card and e-wallet, actively driving the adoption of mobile payments. As a key contributor to Macau's digital economy, it is now helping the city’s digital ecosystem evolve from "convenient payments" to "intelligent services." Currently, MPay e-wallet serves nearly 90% of Macau's local residents and is deeply integrated into their daily lives, serving as a super-app that brings all digital services into one place. MPay has simplified daily routines, covering over one hundred lifestyle scenarios—including dining, retail, group-buying, ride-hailing, event tickets, utility bill payments, and cross-border payments. This digital payment interoperability also deepens Macau’s integration with the Chinese mainland and the global economy. Powered by the Alipay+ global payment network, MPay is now accepted in 62 countries and regions, while MACAU Pass’s merchant acquiring service covers approximately 90% of local businesses, enabling tourists from over 10 countries and regions to pay seamlessly with their local e-wallets, significantly enhancing the payment experience for inbound travelers. The familiar mCard has also evolved beyond local transport. New products like the “MACAU Pass–China T-Union mCard,” “Zhuhai-Macau Public Transport Card,” and “Wuhan-Macau Pass Card” now enable seamless public transport access across mainland cities, deepening Macau’s integration into the transportation networks of the Greater Bay Area and the nation. MACAU Pass is also at the forefront of integrating AI with its commercial services. In April 2026, the company launched its proprietary “AI Payment Assistant,” which lowers the technical barrier for small, medium, and micro-sized enterprises (SMMEs) to thrive in the AI era. Previously, MACAU Pass partnered with Amap to launch the “Macao City Life Support Program”. This initiative revitalizes local communities by boosting the visibility of time-honoured eateries and small merchants, especially those tucked away in the city’s alleys, through AI-powered digital storefronts and significant promotional traffic. “Macau, with its global outlook and national support, is seizing a strategic opportunity for the convergence of its digital economy and AI,” said Sun Ho, Chairman and CEO of MACAU Pass. “Widespread mobile payment adoption has built a solid digital foundation for diverse scenarios, while also accelerating Macau's connectivity with the Greater Bay Area and the world at large. Going forward, we will leverage AI as an engine to ensure that these innovations drive merchant growth, public convenience, and urban prosperity.” Ant Bank (Macao): Advancing All-Scenario Smart Finance to Upgrade Macau’s Modern Financial Industry Macau’s modern financial industry is a key pillar of its economic diversification strategy and a critical force driving the real economy. Drawing on the technological strengths of Ant Group and Alibaba Group, Ant Bank (Macao)—the first digital bank fully integrated into the local ecosystem—has built an end-to-end digital financial service system. This system covers the core financial needs of residents and businesses, from payments, savings, wealth management, credit, to cross-border remittance, and is a powerful force for the high-quality development of Macau’s smart finance. In October 2025, the bank launched its first 24/7 unmanned self-service branch, which relies on intelligent technology to offer services like cash deposits, cheque drop-offs, and account inquiries, bringing smart finance into the daily lives of residents. As an international free port, the convenience and efficiency of Macau’s financial services are vital to its economic vitality and global competitiveness. Ant Bank (Macao) is driving this progress on all fronts: from building a cloud-native core system to extending offline smart service networks, and from ensuring precise coverage for personal inclusive finance to fully empowering corporate financial services, continuously injecting digital momentum into the city’s modern financial industry and helping to establish Macau as a global hub for financial innovation. Alibaba Ecosystem Partners to Shape a New Paradigm in Macau's Urban Development The foundation for this collaboration was laid in 2017 with a strategic partnership framework agreement between the Macao SAR Government and Alibaba, which designated Alibaba Cloud as the core technical backbone for the city's smart city development. Building on this foundation, Alibaba Cloud took center stage at this year's BEYOND Expo, showcasing its world-leading AI infrastructure, a rich and open ecosystem of models, and innovative agent-building tools for enterprises and developers. Alibaba's Qwen model family offers a wide range of choices, from open-source to proprietary, balancing cost-effectiveness with local adaptation. This allows it to meet the diverse needs of large enterprises, SMMEs, and individual developers, accelerating the adoption of AI technology. Leveraging this core technology, Alibaba Cloud is advancing an open and accessible AI service ecosystem where both enterprises and developers can flexibly build the AI capabilities they require. Currently, Alibaba Cloud is widely serving the digital transformation of global enterprises, supporting the global expansion of Chinese companies and smart city construction, empowering the intelligent upgrading of countless industries with its secure and trusted technology. A variety of cutting-edge AI terminals and innovative applications from the Alibaba ecosystem were featured at the expo. A major highlight was the Qwen AI Glasses, connected to Alibaba's most powerful Qwen model. Functioning as both a wearable super-assistant and a first-person view camera, the glasses feature pioneering capabilities such as proactive services, spatial 3D display, and AI-cloned simultaneous interpretation. They are also seamlessly integrated with Alibaba's full suite of lifestyle services—including shopping, payments, ride-hailing and travel booking—and proved to be a major attraction for attendees at the expo. The showcase also featured the JVS Agent-Building Suite (including JVS Claw Teams, JVS Crew, and JVS Mobile), which demonstrated how its one-stop solution for building and deploying AI agents allows companies to create reliable “digital employee teams”. In addition, the Wukong AI Assistant and DingTalk A1 Office Intelligence Assistant are precisely tailored for core enterprise tasks—including content creation, smart meeting assistance, and collaborative workflows—all empowering businesses to achieve significant gains in digital performance. By combining MACAU Pass’s one-stop digital life services, Ant Bank (Macao)’s all-scenario smart finance, Alibaba Cloud’s foundational AI and computing power, and the tangible application of interactive products like the Qwen AI Glasses, Alibaba’s ecosystem companies are working in synergy. They are committed to creating a new urban service paradigm that is perceptive, interactive, and constantly evolving, partnering with Macau’s government, businesses, and the community to build a vibrant urban future where AI converges with digital and physical realities. Public Relations: Macau Pass Group Holdings Ltd.MayEmail: myt455242@alibaba-inc.com 28/05/2026 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.com
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Hungarian Drinks Maker Leads First Global Energy Drink Quality Assessment as Study Reveals Continental Divide

EQS via SeaPRwire.com / 27/05/2026 / 18:11 UTC+8 FRANKFURT, GERMANY - May 27, 2026 - (SeaPRwire) - The first systematic global evaluation of the $83 billion energy drink industry has revealed a profound transatlantic split in product manufacturing standards. Published by independent German beverage professional Pat Eckert under the banner of the Six Continents Index (SCI), the study documents that energy drinks have effectively diverged into two distinct product categories sharing a single name. While European and Asian formulations prioritize high ingredient quality, North American products have largely optimized for producer margins. The SCI, conducted independently by Eckert's team at Fine Liquids, evaluated products across six inhabited continents using 36 objective criteria. Hungarian manufacturer HELL Energy secured the top position in the global index, scoring highest on ingredient composition, formulation standards, and label transparency. The Transatlantic Formulation Divide The SCI assessment framework applied objective, verifiable metrics—such as caffeine declaration, sugar type, preservation methods, and vitamin content—to samples collected over six months from dozens of global markets, including the US, Germany, Japan, Nepal, and Kenya. The empirical findings reveal a stark contrast between regional manufacturing philosophies: Pasteurization vs. Chemical Preservation: In Europe, 85.7 percent of assessed energy drinks utilized pasteurization—a century-old heat-treatment process that eliminates the need for artificial preservatives. In North America, that figure dropped to just 12 percent, with the vast majority relying on chemical preservation. Real Sugar vs. Artificial Sweeteners: In Asia, real sugar remains the primary functional carbohydrate, utilized in 78.9 percent of products. Conversely, 84 percent of North American energy drinks relied entirely on artificial sweeteners, while only 8 percent used real sugar. Vitamin Content: Australian products led the index with an average of 4.2 vitamins per serving, compared to an average of 2.9 vitamins in North American formulations. The study highlights a fundamental nutritional contradiction in "zero-sugar" variants. Basic nutritional science establishes that carbohydrates, specifically glucose, are the primary physiological fuel sources for physical and cognitive alertness. The SCI report argues that entirely sugar-free variants fail to deliver on the core promise of the category name, acting instead as flavored caffeine delivery mechanisms. Economic and Regulatory Drivers The index ranked North America last overall among the six continental regions assessed. Analysts attribute this result to competitive economics in a highly concentrated market, where the top two or three brands command the vast majority of revenue. To protect profit margins, major North American manufacturers have rationalized the use of low-cost artificial sweeteners and synthetic preservatives over costlier sugar and pasteurization infrastructure. Conversely, Europe and Asia have retained formulation practices closer to the category's original functional intent, which dates back to the 1962 launch of Lipovitan-D in Japan. This adherence to quality is supported by a stricter European Union regulatory environment regarding food additives and a highly fragmented, multi-brand market structure that discourages extreme cost-cutting. Global Health Implications and Aspartame Tracking The SCI also addresses global consumer transparency regarding sensitive ingredients. The artificial sweetener aspartame—classified by the World Health Organization's International Agency for Research on Cancer as Group 2B ("possibly carcinogenic to humans")—was present in 10.5 percent of products assessed globally. Notably, 43 percent of those aspartame-containing products were found in African markets, underscoring the previous absence of a systematic global tracking tool for consumers. HELL Energy Tops Global Rankings Achieving the highest score based strictly on objective formulation and label transparency, Hungary's HELL Energy outperformed global competitors. Founded in 2006, the company operates a megafactory with an annual capacity of ten billion cans certified to the highest international food safety standards. While holding limited name recognition in North America, HELL Energy maintains a consistent 65 percent market share in its home market and commands leadership positions across more than 60 countries, including achieving top market share in India within five years. Notably, the brand retails at approximately half the price of the global category leader, leveraging a product philosophy that rejects artificial preservatives and aspartame in its standard formulations. A New Benchmark for Global Retailers While categories like wine, mineral water, and hotels have long benefited from independent star ratings and quality frameworks, the energy drink industry—forecast to approach $116 billion by 2030 — previously had none. The publication of the SCI introduces an objective benchmark that mirrors the mainstream adoption of the organic food movement in the 1990s. For global distributors and retailers, the index simplifies procurement by allowing formulation transparency and ingredient quality to inform portfolio selection alongside traditional marketing power and distribution reach. About The Six Continents Index & Fine Liquids The Six Continents Index was conducted independently by Pat Eckert and his team at Fine Liquids, based in Meckesheim, Germany. Assessed brands were not notified in advance and had no commercial involvement, sponsorship, or paid participation in the evaluation. For full methodology details, visit SixContinentsIndex.com. Media Contact Fine Liquids Press Office media@sixcontinentsindex.com https://sixcontinentsindex.com 27/05/2026 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.com
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Global New Materials International Honored with Multiple Accolades at 2026 ‘Golden Kunpeng’ Awards, Anchoring Strategic Direction for New Materials under 15th Five-Year Plan

EQS via SeaPRwire.com / 27/05/2026 / 14:20 UTC+8 HONG KONG, May 26, 2026 — Against the backdrop of China’s continued emphasis on the real economy under the "15th Five-Year Plan" and the rising strategic importance of the new materials industry, premier enterprises are experiencing a multi-dimensional resonance driven by policy tailwinds, market demand, and industrial synergy. Today, the 2026 Global Newspaper Economic Forum and the "Golden Kunpeng" China Financial Value Awards Ceremony, co-hosted by the Global Commercial Newspapers Union and Hong Kong Commercial Daily, officially commenced in Hong Kong. Double Coronation on the Financial Value List During the high-profile ceremony, the official honorees for the 2026 "Golden Kunpeng" China Financial Value List were unveiled. Global New Materials International Holdings Limited (GNMI; stock code: 06616.HK) clinched the prestigious award for "Most Investable Listed Company under the 15th Five-Year Plan". Concurrently, Dr. Su Ertian, Chairman of the Board and Chief Executive Officer of GNMI, was named the "Most Influential Chairman of a Listed Company". The Golden Kunpeng Awards are determined by the China Financial Value List through a rigorous framework evaluating corporate value and industry influence. Winners must achieve benchmark-level standards across multiple dimensions, including product strength, profitability, growth potential, and social value. The ceremony brought together hundreds of distinguished guests from the HKSAR Government, industry associations, and financial institutions. Within this year's honors list, GNMI stood out as the sole enterprise in the new materials subsector to sweep two major awards. This represents more than an industry coronation; it marks a decisive vote of confidence from international capital markets in GNMI’s strategic evolution into a "globalized, platform-based enterprise" via high-tier industrial M&A during a phase of global industry consolidation. A Paradigm Shift in Institutional Valuation For mature institutional funds, evaluating a large-scale industrial M&A enterprise currently undergoing deep integration solely through traditional static P/E metrics risks overlooking non-cash expenditures and phased investments typical of the initial integration phase. Peering through the technical volatility of the income statement to focus on a company’s true cash-generation capacity, intrinsic growth elasticity, and the full-year revenue growth visibility of the group constitutes the foundational logic for long-term value assessment by international capital. GNMI's recognition as the "Most Investable Listed Company under the 15th Five-Year Plan" reflects market acknowledgment of its M&A integration logic and growth visibility. Anchored in the "15th Five-Year Plan": Breaking Through Industry Chokepoints and Defining Market Leadership As a newly designated pillar industry prioritized for cultivation and development under China's 15th Five-Year Plan, the new materials sector serves as a core cornerstone supporting high-end manufacturing and technological innovation. Crucially, it acts as a strategic bulwark safeguarding critical domestic domains against foreign chokepoint risks during geopolitical friction. As a key entity executing the Industrial Foundation Strengthening Project for synthetic mica (endorsed by China's Ministry of Industry and Information Technology), GNMI’s flagship product—synthetic mica—has been precisely listed under the "encouraged" category of the Industrial Structure Adjustment Guidance List (2024 Edition). This national-level strategic positioning not only unlocks hard-core policy tailwinds for an asset-heavy, high-barrier industrial new materials sector, but also charges GNMI with the era-defining mission of acting as an industry benchmark to lead the continuous advancement of China's surface performance materials sector. This robust capacity to execute national strategy has translated from blueprint to tangible value through GNMI’s dense rollout of major industrial projects. In February 2026, the Tonglu synthetic mica project, engineered for an annual capacity of 100,000 tons, successfully commenced production and ignition. This milestone marks the official commercialization of what is currently the world’s largest and most technologically advanced synthetic mica manufacturing base, while simultaneously strengthening the self-sufficiency and resilience of China's vertical new materials supply chain. As a critical foundational new material nationwide, synthetic mica is an indispensable component of the advanced manufacturing ecosystem. GNMI's Tonglu project is dedicated to the R&D and industrialization of high-quality synthetic mica and its derivatives, securing a stable supply of premium core substrates for the company's global value chain. By resolving acute industry pain points such as the prohibitive procurement costs of natural mica and ESG-related procurement premiums, the project bolsters independent supply-side autonomy from the raw material level. Data from Frost & Sullivan indicates that the global pearlescent materials market is projected to cross the RMB 50 billion threshold by 2030, with the Chinese market expected to capture a massive share of RMB 13.5 billion. The entire sector is at a golden inflection point of exploding demand. Driven specifically by the rise of new energy vehicles and the aesthetic iteration of premium automotive coatings, demand for pearlescent materials in the automotive sector is witnessing explosive growth—a premium frontier that natural domestic materials historically struggled to breach. With a logical closed loop formed from strategic endorsement to capacity breakthroughs and high-value market penetration, GNMI is accelerating its transition from a "follower" to a "leader" within a global surface performance materials industry that is rapidly consolidating toward technology-driven platform giants. Cross-Border M&A Unlocks Synergy Dividends, Forging a Globalized Surface Performance Materials Platform How far an enterprise can journey often hinges on the strategic foresight and intellectual depth of its leadership. Honored as the "Most Influential Chairman of a Listed Company," Dr. Su Ertian’s strategic philosophy has consistently emphasized a dual-engine development model: "anchoring the baseline through organic R&D, and breaking new ground via external M&A". Dr. Su Ertian is resolutely committed to building the company into a globalized, platform-based enterprise for surface performance materials. Driven by this forward-looking capital and industrial vision, the company successfully finalized the strategic acquisition and closing of 100% equity in Merck Group’s Surface Solutions business, SUSONITY, in 2025. In transitioning from a domestic market leader to a global platform, GNMI has established a sustainable, two-way value conversion pathway under a "bring-in and going-out" dual-circulation globalization philosophy: External Expansion ("Going Out"): GNMI has leveraged its cross-border acquisitions and integrations of Germany’s Merck Surface Solutions business (SUSONITY) and South Korea’s CQV to fully import a mature technology system and global distribution network that has served top-tier automotive and cosmetics sectors for over 60 years, successfully penetrating core European and North American markets. In 2025, the company’s sales revenue in Europe spiked by 555.0% year-on-year, while North American sales surged by 1,047.5%, rapidly accelerating the revenue contribution from overseas markets. Organic Anchoring ("Bring In"): GNMI is matching high-end product lines featuring world-class technical capabilities with the massive consumer markets of China and the Asia-Pacific. Recently, its subsidiary SUSONITY inked a strategic cooperation agreement with RUNBEN, the leading brand in China’s mosquito-repellent industry. The two parties will deepen cooperation across product R&D, technological innovation, and market expansion, driving product-level value resonance between an internationally leading technology system and an established Chinese consumer brand. Currently, GNMI has deployed six R&D centers, six manufacturing hubs, and six application centers globally, with a sales network spanning over 150 countries and regions. Its three major brands—Chesir, SUSONITY, and CQV—have formed a full-link collaborative matrix encompassing R&D, production, and regional application. When assessing the success of a cross-border acquisition, the intrinsic cash-generation capacity of overseas subsidiaries remains the ultimate litmus test. CQV’s Q1 2026 performance staged a powerful rebound ("deep crouch and high jump"), signaling strong visibility for full-year high growth as its core business revenue and sales volume achieved robust year-on-year growth. Sales of high-value-added products, such as alumina-based and glass-based materials, expanded significantly, accelerating market penetration from South Korea into broader international markets. Even more compelling than stellar financial metrics is management's deployment of "real silver and gold" to increase their holdings in the secondary market. Following consecutive purchases of nearly 2.442 million ordinary shares in April 2026, Chairman Dr. Su Ertian took intensive action again on May 13 and 14, increasing his stake by 773,000 shares and 232,000 shares, respectively. Such high-frequency, large-scale cash investments within a compressed timeframe vividly demonstrate management's ironclad confidence in the company's long-term cash-generation resilience. Diversified Product Portfolio: 5,000+ Effect Pigments Construct a Defensible Moat; Active Ingredients Second Curve Fuels High Growth In terms of its product narrative, GNMI has completely broken free from the cyclical risks inherent to single-material enterprises, presenting a diversified matrix characterized by an exceptionally robust cash-flow engine alongside wide-open growth trajectories. The Core Baseline: 5,000+ Effect Pigments A product matrix exceeding 5,000 effect pigments forms GNMI's unshakable core business. By consistently executing global integration and independent R&D strategies, the company has constructed a multi-substrate, all-scenario product portfolio, thereby building formidable customer stickiness and competitive barriers in high-margin sectors such as premium automotive, digital electronics, industrial coatings, and cosmetics. In 2025, GNMI’s pearlescent effect pigments revenue reached RMB 2.53 billion, a substantial year-on-year growth of 65.8%, providing solid, counter-cyclical free cash flow to backstop continuous expansion and anchor its foundational cash generation. The Second Growth Curve: Cosmetic Active Ingredients While stabilizing its core, GNMI naturally absorbed the high-end cosmetic Active Ingredients business into its portfolio via the SUSONITY acquisition, marking a critical strategic step into the healthcare and premium beauty verticals. As a core flagship series within the legacy Merck Surface Solutions ecosystem, the active ingredients business boasts high technological barriers, exceptional gross margin profiles, and high-frequency customer re-purchasing behavior. Leveraging this world-class asset, GNMI utilizes cutting-edge inorganic encapsulation and surface modification techniques to deliver high-end cosmetic active ingredients featuring superior skin barrier repair, photoaging defense, and safe sun protection. The cultivation of GNMI’s second growth curve precisely capitalizes on the global macro trends of "Clean Beauty" and science-backed skincare, effectively shattering the long-standing monopoly of overseas specialty chemical giants in high-end active ingredients. This vertical leap from high-value-added effect pigments into healthcare active ingredients expands technological boundaries across both volume and quality, unlocking fresh earnings growth upside on a commercial level. Future Outlook & Valuation Synergy Looking ahead to the new industrial landscape of the "15th Five-Year Plan," GNMI’s medium- to long-term growth momentum continues to crystallize, underpinned by technical barriers, a globalized capacity footprint, and supply chain integration capabilities. A recent research report from Changjiang Securities pointed out that the company is poised to further expand its mid-market share by leveraging its scale and synthetic mica advantages alongside ongoing capacity additions. Simultaneously, its expansion pathway into high-end markets remains highly transparent via the channel and technical resources of SUSONITY and CQV, with meaningful synergy-driven cost reductions highly anticipated. Following the acquisitions of South Korea's CQV and Merck's Surface Solutions business, channel synergy, product onboarding, cost optimization, and technological complementarity are expected to yield an integration effect of "1+1+1>3," leading the brokerage to maintain its "Buy" rating. 27/05/2026 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.com
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Preparing the Market: What MoTA Is Meant to Solve?

EQS via SeaPRwire.com / 26/05/2026 / 16:00 UTC+8 (26 May 2026, Hong Kong) The market has become comfortable with a simple story about AI in investing: more intelligence, delivered faster. It is a compelling story, but not yet a sufficient one. What most investment technology still fails to solve is not the lack of information, but the lack of structure. Retail investors today have access to more tools, more commentary, and more data than ever before. They can scan markets in real time, summarize disclosures instantly, and ask AI to explain almost any financial development. Yet better access has not automatically translated into better decision-making. That gap is precisely where MoTA enters the conversation. To understand what MoTA is meant to solve, it helps to start with a basic truth: individual investors are not simply competing on insight. They are competing against better-organized decision systems. Professional firms typically do not outperform because they possess a magical source of information. They outperform because their decisions are shaped through structure — through teams, workflows, review layers, risk functions, and role clarity. In other words, they do not merely think harder. They think through systems. Most individuals do not have that advantage. Their process is often improvised across disconnected tools, fragmented inputs, and shifting emotional conditions. Research may be strong, but risk discipline may be weak. Conviction may be high, but process may be inconsistent. Signals may be plentiful, but integration is often poor. This is the problem MoTA appears to be designed to address. Rather than introducing AI as another source of answers, MoTA frames AI as part of a human-AI collaborative investment system. That means the objective is not simply to help a user ask better questions. It is to help a user operate through a better decision architecture. In practical terms, the model is closer to managing an AI investment team than using a conventional AI assistant. Different agents can take on different roles. Workflows can be structured. Responsibilities can be separated. Risk can be built into the process rather than appended at the end. The system is intended not to concentrate judgment into one black box, but to distribute it across a more transparent framework. This matters because the next phase of AI adoption in investing will likely be constrained less by raw model capability than by trust, usability, and control. Investors may be impressed by AI-generated output, but they will hesitate if they cannot understand how a conclusion was formed, where risk was checked, or who ultimately remains accountable for action. MoTA’s relevance, then, is not only that it uses AI. It is that it attempts to organize AI in a way that addresses the practical weaknesses of individual investing: fragmentation, inconsistency, poor process discipline, and insufficient risk structure. That also helps explain why the product should not be reduced to the language of “AI stock picking.” Such language understates the ambition and misstates the problem. MoTA is not meant to solve a narrow recommendation gap. It is meant to solve a process gap. It is meant to make investment decision-making more structured. It is meant to make collaboration between human judgment and machine intelligence more practical. It is meant to make AI participation more controllable. And it is meant to make the investor feel less dependent on opaque output and more supported by a visible operating framework. This is a timely proposition. As AI products proliferate, the market is moving toward a more demanding standard. It will not be enough for platforms to be impressive. They will also need to be governable. They will need to help users not only move faster, but decide better. And they will need to show that more automation does not have to mean less control. The launch of MoTA also reflects the direction Waton Financial (WTF.US) has been moving toward over the past year. Since listing on NASDAQ in 2025, the company has taken a different path from many AI finance platforms rushing to launch new “AI trading features.” Instead, Waton has focused on a bigger question: as AI becomes more common in finance, the real challenge is not just building smarter models, but creating a long-term system where AI and human investors can work together in a way that is regulated, clear, and manageable. Against that backdrop, MoTA — short for Manager of Trading Agents — is meant to be more than just another AI product. More broadly, it reflects Waton’s view of what the next generation of AI investing platforms could look like. Based on the information released so far, MoTA does not follow the familiar “AI makes money for you” narrative that has become common across the market. Instead of replacing investors, the platform is designed around collaboration between AI and humans. AI handles research, analysis, and information processing, while the final investment decision still stays with the investor. At the center of the platform is a multi-agent system, where different AI agents take on different tasks across research, analysis, risk management, and execution. The idea is to organize the investment process in a way that feels closer to how institutional investment teams operate. In many ways, that may be the clearest difference between MoTA and much of today’s AI investing market. What it is trying to solve is not simply how to generate smarter trading ideas, but how to give individual investors a more structured way to make decisions — something closer to the discipline traditionally seen at institutional firms. And behind that shift is a broader change happening across AI investing itself. The conversation is slowly moving away from whether AI can give answers, and more toward how AI fits into the decision-making process — and whether people can actually understand it, manage it, and trust it. If Waton can make that case, MoTA may resonate for reasons that go well beyond novelty. It would speak to one of the central tensions in modern investing: individuals now have access to institutional-grade information flows, but not yet to institutional-grade decision structure. What MoTA is meant to solve is that mismatch. And if that framing gains traction, the market may begin to look at AI investing platforms differently — not as tools that merely generate answers, but as systems that shape how answers are produced, tested, and trusted. Media Contact: Email: ir@watonfinancial.com Website: https://wtf.us Disclaimer: This press release contains forward-looking statements. Actual results may differ materially from those expressed or implied. This is not investment advice. Past performance does not guarantee future results. 26/05/2026 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.com
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Xunce Launches TokenONE, the World’s First TokenOS Operating System, Igniting the ‘Token Factory’ Industrial Revolution

EQS via SeaPRwire.com / 26/05/2026 / 10:29 UTC+8 At a pivotal moment when AI technology is shifting from model competition to industrial application, Xunce (3317.HK) officially launched TokenONE, the world’s first TokenOS operating system, on May 25,2026. Centered on the Token as the core asset unit, TokenONE establishes an industrialized production system that transforms raw data into high-value scenario-specific Tokens. It directly tackles the current bottleneck hindering AI adoption – the scarcity of enterprise-grade scenario data – and provides a solution to the toughest "last mile" challenge of large-scale AI deployment, sparking an industrial revolution modeled on the "Token Factory". A New Operating System for the AI Era: Ten Key Product Differentiators Build a Strong Moat As a next-generation operating system for the native AI era – following Windows in the PC age and iOS/Android in the mobile internet era – TokenONE empowers enterprise data to be directly invoked by AI models as data Tokens. Every model invocation generates quantifiable and traceable business value and insights, driving large-scale commercial adoption of Token Factories across industries. Throughout the entire chain of data refining, transmission, decision‑making, and metering, TokenONE transforms each model invocation and application from mere compute consumption into measurable, traceable, and optimizable business value. Every Token drives business decisions directly, making large model outputs quantifiable. With ten distinct technological and product advantages, TokenONE builds the core capabilities of a Token Factory that closes the loop from data to value. Turning "Dormant Data" into "High‑Energy AI Fuel" – Igniting the Token Factory Industrial Revolution While today’s large models boast massive parameter counts, they suffer from an acute shortage of enterprise‑grade scenario data. For example, in finance, risk control logic is embedded in transaction records and risk reports; in manufacturing, process know‑how is locked in equipment logs and quality inspection documents; in healthcare, diagnostic expertise is scattered across imaging files and medical record systems. The vast amounts of high‑quality data, industry knowledge, and scenario experience accumulated by enterprises remain "dormant" and cannot be effectively accessed by AI. TokenONE precisely addresses this pain point. It converts otherwise non‑standard and unusable scenario knowledge into standardized, tradable, and auditable scenario Tokens – a process of data Tokenization. This turns dormant data into high‑energy AI production materials and makes large‑scale industrialization of scenario Tokens a reality. On the "industrialized" output side of the Token Factory, TokenONE establishes nine standardized processing stages and five core workflows, enabling end‑to‑end industrialized production of raw data – from "material entry" to "value realization". It upgrades data processing from a "handicraft workshop" model into a replicable, scalable, and auditable mass‑production system. Foundation Layer – Standardized Material Entry. TokenONE connects multi‑source heterogeneous data from inside and outside the enterprise. Its intelligent cleaning and standardization engine converts "messy and dirty" raw data into uniformly specified "industrial raw materials". Middle Layer – Core Refinery. Standardized data enters the Token Factory’s core production line. The real‑time computing engine completes deep processing at millisecond speeds, performs precise mapping using vertical scenario labels, and finally packages the results into measurable, pricable, and exchangeable scenario Tokens. Application & Frontier Layer – Value Realization. Packaged scenario Tokens are precisely injected into various AI agents. Through model tuning modules, they empower large models and intelligent hardware, directly driving business decisions. Every downstream call is a value realization event. Metering Layer – The World’s First Pay‑per‑Invocation Operating System. From hardware isolation to system‑level attestation, TokenONE ensures tamper‑proof and fully transparent billing, enabling security, compliance, governance, and auditing. It shatters the industry’s "black box" of billing, helping enterprises identify inefficient or wasteful consumption, and transforms AI spending from a passive cost into an actively managed, controllable asset. An Industrial Enabler for Large‑Scale AI Deployment: Building Scenario Token Factories Across Industries The AI industry stands at a critical inflection point, transitioning from the first half – a race for model parameters – to the second half, where real value realization takes center stage. The bridge enabling this shift is the Tokenization and industrialized supply of scenario data. As an industry‑scale bridge, TokenONE provides customers with ready‑to‑use, standardized scenario Tokens, lowering the barriers to AI adoption. It also supplies large model providers with massive volumes of vertical domain data, systematically solving the pain point of scenario data scarcity. Moreover, it establishes a benchmark for "Token production" across the entire AI industry, accelerating AI’s journey from labs to every sector and ensuring that AI delivers tangible value. Looking ahead, Xunce will continue to build on the TokenONE architecture and co‑establish vertical scenario Token Factories with industry leaders, covering high‑value fields such as healthcare, high‑end manufacturing, finance, and energy & power. This will embed the industrial capability of data Tokenization into every critical industry, forming a new type of infrastructure network that deeply integrates AI with the real economy. Business Model: From Data Governance to a Closed‑Loop Token Economy To put the commercial essence of TokenONE more directly: it is essentially a "Tokenized upgrade" of Palantir’s Ontology – or Ontology 2.0. Palantir’s Ontology breaks down government and enterprise data silos to enable data‑driven decision intelligence, but data itself remains a "static asset". TokenONE goes a step further: by encapsulating data into Tokens, it endows data with measurable, pricable, and tradable economic attributes, transforming data from "static assets" into "dynamic production materials". While Ontology 1.0 solves "how data can be understood", TokenONE solves how data can be industrially produced and monetized. This commercial core is externalized into two pricing paths that grow in sync with customers’ maturity: Pay‑per‑Token Metering – Lowering the decision threshold for enterprise AI adoption. Billing is based on actual Token consumption, settled monthly or quarterly – pay for what you use. This "verify‑first, invest‑later" design ensures that the value of the AI system grows in step with the customer’s actual usage. Full Buyout – Once an enterprise has fully validated the business value of the AI system and has a clear expectation of long‑term use, it can seamlessly upgrade to a buyout model, acquiring full system ownership and absolute data sovereignty. Historical pay‑per‑Token payments can be credited toward the buyout price proportionally, fully protecting the customer’s prior investment. The pricing logic also departs from the old "compute‑stacking" framework, instead building value around the Token’s business impact: the per‑invocation price depends on data scarcity, real‑time requirements, and industry complexity; invocation volume reflects actual usage depth in real business processes; and module depth measures how deeply the system is embedded into the customer’s workflows – the more access points and the deeper the integration, the higher the overall value. Market data is already validating the explosive potential of this model. In April 2026, Xunce’s annualized recurring revenue (ARR) from Token data invocation grew 300% quarter‑on‑quarter. Token‑based pricing currently accounts for approximately 5% of revenue, with a target to raise that to 20%–30% by the end of 2026. Even more striking is the pricing power: Xunce’s vertical‑domain Token pricing ranges from USD10-100 per million Tokens – more than ten times that of general‑purpose large models – and continues to rise with greater scenario specificity. This indicates that Xunce is undergoing a systemic shift from traditional subscription models to Token‑based metering and value‑sharing models, with the Token business becoming a powerful new growth engine. Conclusion The AI industry is currently at a turning point – moving from "lab invention" to "real‑world commercial value realization". Large model providers are obsessively racing for more parameters, but a growing consensus recognizes that models without scenario data are engines without fuel. Just as iOS and Android unified the underlying logic of the mobile internet, Xunce’s TokenONE is defining the underlying rules of the AI era – starting from real‑world industry scenarios, connecting technology and resources through data, and making large‑scale deployment of scenario Token Factories a reality. As more vertical industry Token Factories come online, Xunce is poised to become a core platform with phenomenal influence in the AI era and a leading driver of AI deployment. 26/05/2026 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.com
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Xunce (03317.HK) Unveils TokenOS Operating System TokenONE, Ushering in a New Era of Vertical Token Factories

EQS via SeaPRwire.com / 26/05/2026 / 10:24 UTC+8 While the global AI industry remains mired in an arms race over parameter scales and compute clusters, a deeper structural contradiction is surfacing, large language models have no shortage of engines, yet they face a critical shortage of the “fuel” needed to power those engines at peak performance. The true inflection point of this competition has quietly shifted from “building engines” to “refining fuel”.TokenONE: A New AI-Native Operating System Built Around Token EconomicsWithout high-octane fuel, even the best engine runs inefficiently. Over the past two years, the AI industry has frantically scaled up model parameters and expanded compute clusters. Yet when these models enter the core operations of enterprises, the limitations of generic Tokens become starkly apparent — they function like low-grade gasoline: abundant in volume but low in energy density. Enterprises attempting to solve specialized problems with generic Tokens often require repeated iterations, resulting in massive amounts of wasted compute.What enterprises need is not a metering device that charges “by the word,” but Specialized Tokens that can hit business decisions on the first try. Specialized Tokens are precisely this “high-octane fuel” — refined from industry-specific private data through cleansing, standardization, alignment, and knowledge augmentation. A single Specialized Token carries information density and business logic equivalent to hundreds of generic Tokens stacked together.Xunce (03317.HK) has unveiled the world’s first TokenOS operating system — TokenONE. With “refinement, delivery, and decision-making” as its core capabilities, TokenONE transforms raw data into high-purity, high-value “Specialized Tokens” through an industrialized process, enabling direct consumption by various models and AI Agents while making LLM outputs measurable and auditable. An End-to-End Industrial PipelineTokenONE operates around a complete industrial assembly line. It begins by addressing the “raw material intake” challenge — through its data tokenization capability, it converts enterprises’ fragmented, heterogeneous, non-standard private data into measurable, priceable, and exchangeable industrial raw materials. Whether financial risk-control logs, manufacturing equipment records, or medical imaging archives, TokenONE delivers precise cleansing, standardization, and tagging.Once raw materials enter the “refinery,” TokenONE’s multi-compute foundation comes into play. Its unifiedly interfaces with GPU, CPU, and NPU resources, supporting hybrid cloud and on-premises deployment. This ensures that core data never leaves the enterprise’s domain while flexibly scheduling computed resources. The real-time compute engine completes deep processing at millisecond speeds, pursuing 100% accuracy in specialized professional scenarios — a critical requirement for zero-tolerance domains such as financial risk control and industrial quality inspection.At the final value-delivery stage, TokenONE is fully LLM-native and not bound to any single model vendor. Enterprises can flexibly switch and orchestrate both general-purpose large models and vertical models on the platform. TokenONE also supports enterprises in rapid training, fine-tuning, and deploying proprietary vertical models and small models — achieving lower costs, faster inference speeds, and fully private on-premise operation. From data ingestion to model invocation, TokenONE covers the full chain and takes responsibility for the final business outcome. The “Ford Moment” for the AI Industry: Vertical Token Factories Go IndustrialFrom a strategic perspective, TokenONE’s significance extends far beyond a technical solution. For the first time, it has defined an industrial production paradigm for “core production materials” in the AI industry — much as Ford’s assembly line transformed automobile manufacturing from artisanal workshops to mass production, and as container standardization turned global trade from fragmented cargo handling into systematized logistics. TokenONE replicates this logic in the AI domain: transforming Tokens from “artisanal” custom processing to industrialized, standardized output.This complete industrial system delivers breakthroughs on three levels:For enterprise clients, TokenONE compresses AI deployment cycles from months to days. Token Factories directly output standardized Specialized Tokens, making AI investments measurable and traceable.For LLM vendors, TokenONE provides scalable vertical data supply, systematically addressing the industry bottleneck of scarce specialized data.For the AI industry at large, TokenONE drives a paradigm shift from “project-based” to “product-based” delivery, and from “custom development” to “standardized supply” — a prerequisite for AI to move from laboratories into production systems.The Second Half Has BegunThe AI industry is undergoing a historic transition from “technology-driven” to “production-driven.” The winners of the first half were companies with the strongest computing and the most parameters. The winners of the second half will be those capable of bringing AI into production systems on a scale, at low cost, and in a measurable way. The launch of TokenONE marks the official beginning of this second half.Built on the underlying architecture of this Token Factory, Xunce is now partnering with leading enterprises across vertical industries to co-build Vertical Token Factories — extending the industrialized capability of data tokenization into every critical sector: finance, healthcare, manufacturing, and energy. Each Vertical Token Factory that comes online represents a material expansion of AI’s application boundary within that industry. When Specialized Tokens become the “standard interface” for AI systems across industries, AI will have truly entered the core of production.While the industry continues debating model parameters, Xunce has already built the “infrastructure” and “power source” of the AI era. From “crude oil” to “high-octane fuel,” from “artisanal workshops” to “industrial production,” TokenONE is writing the underlying logic for the next decade of the AI industry.As a scarce asset in the AI infrastructure space, Xunce’s long-term investment value is accelerating in tandem with the industrialization of Token Factories. 26/05/2026 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.com
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EN_【Press Release】China XLX Announces 2026 Q1 Results

EQS Newswire / 17/05/2026 / 14:04 UTC+8 Press Release (For immediate release) China XLX’s Net Profit Surged by 68.7% YoY in Q1 2026 Simultaneous growth in sales volume and selling price of core products driven by optimised product mix and accelerated transformation and innovation of marketing model Q1 2026 Results Highlights: Revenue grew by 16.7% YoY to approximately RMB 6.82 billion. Net profit surged by 68.7% YoY to approximately RMB 421 million and profit attributable to owners of the parent company climbed by 51.7% YoY to approximately RMB 300 million, The economies of scale became increasingly evident as new capacity came on stream in an orderly manner. Overall gross profit grew by 53.2% YoY to approximately RMB 1.28 billion. Investment pace was precisely managed, with the ratio of long-term to short-term debt staying at 8:2 and short-term loans decreasing by 9% YoY. (17 May 2026, Hong Kong) China XLX Fertiliser Ltd. (“China XLX” or the “Company”, together with its subsidiaries collectively referred to as the “Group”) (stock code: 01866.HK) announced that the Group’s revenue for the quarter ended 31 March 2026 grew by 16.7% year-on-year to approximately RMB 6.82 billion. Net profit for the period surged by 68.7% year-on-year to approximately RMB 421 million and net profit attributable to owners of the parent company climbed by 51.7% year-on-year to approximately RMB 300 million. During the period under review, the overall operating environment of the fertiliser industry steadily improved amid strong agricultural demand and favorable raw material costs. The Group capitalised on the opportunities emerging in the market to ramp up R&D of differentiated high-efficiency fertilisers, optimise the product mix and increase the proportion of high value-added products in overall production and sales, leading to steady growth in average selling prices of products. Meanwhile, it accelerated the transformation and innovation of marketing model, made continuing efforts to expand both of domestic and international sales channels, and seized global trade opportunities to boost the export of chemical products. As a result, the sales volumes of core products grew in tandem with selling prices. With the successful commissioning of the Jiujiang Phase II Project, the Group’s new capacity came on stream in an orderly manner. As the economies of scale became increasingly evident, unit production costs further reduced and resulted in 53.2% year-on-year growth in overall gross profit to approximately RMB 1.28 billion. These achievements laid a solid foundation for the improvement in the Group’s financial results. In the first quarter of this year, revenue from urea sales increased by 27.6% year-on-year to approximately RMB 1.96 billion. The commencement of operation of the Jiujiang Phase II Project drove the robust growth in urea output from the previous year with the urea sales volume increased by 21.4% year-on-year for the period. As downstream customers stocked up in advance, the inventories reduced by 19% year-on-year, hence lending strong support to urea price hikes. At the same time, the Group further optimised the product mix and increased the sales proportion of high-efficiency urea with higher margins. As a result, the average selling price of urea increased by 5.2% year-on-year. Moreover, the commissioning of the Jiujiang Phase II Project lowered the fixed cost per tonne coupled with roughly 9% reduction in feedstock costs, the gross profit margin of urea for the period climbed by 10 percentage points year-on-year to 27%. During the review period, revenue from compound fertiliser sales amounted to approximately RMB 1.69 billion, up by 8.7% year-on-year. With the successful implementation of marketing transformation strategy, the Group’s marketing network for compound fertilisers expanded to all 31 provincial-level administrative regions across China. While approximately 7,000 new exclusive distributors were added, the coverage rate of the Group’s sales network reached 91%. In addition, existing distributors delivered steady business growth. As a result, the sales volume of compound fertilisers for the period saw 8.2% year-on-year growth. Because the proportion of ordinary fertiliser sales was seasonally higher in the first quarter and the market supply was largely balanced, the average selling price of compound fertilisers for the period remained stable. Nevertheless, as the tight supply of potash and phosphate fertilisers drove up the feedstock costs, the gross profit margin of compound fertilisers slightly retreated by 1.9 percentage points year-on-year to 12%. During the peak period of project investment, the Group will precisely control the investment pace and balance capital expenditures with financial risks to ensure stable cash flow. Its overall leverage remains controllable with a well-structured debt profile. All key financial indicators remain strong and keep on improving. As of the end of the period under review, the Group’s debt-to-asset ratio was 67.9%, slightly up by 1.9 percentage points from the beginning of the period. The ratio of long-term to short-term debt stayed at 8:2 and short-term loans decreased by 9% year-on-year, hence freeing up approximately RMB 1.4 billion in working capital. The average interest rate on new loans for the period decreased by 0.18 percentage points from the previous year and was maintained within 2.86%. As for the project development, the new chemical material project at the Xinjiang Production Base commenced the trial run with all indicators performing well. The urea production facility with annual capacity of 700,000 tonnes is scheduled to put into operation in the second quarter of this year. The development of the Zhundong Project (Phase I) is progressing as planned and it is slated to commence operation by the end of this year. The Guangxi Project (Phase I) is expected to put into production in the third quarter of next year. This project is aimed at addressing the capacity shortage of new nitrogenous fertilisers in Guangdong and Guangxi. With an easy access to the Pinglu Canal, it will enhance the transport efficiency at lower costs and will enable the Group to effectively expand into the Southeast Asia market. Looking ahead into the second quarter, Mr. Liu Xingxu, Chairman of China XLX, said: Underpinned by the peak planting season, domestic urea prices are expected to remain firm and stable in general. However, due to ample supply and other factors, there is limited room for further price increases. If the export controls are relaxed after the spring planting season, urea prices may see periodic price fluctuations. Meanwhile, coal-based producers are poised to benefit from geopolitical conflicts and the competitive landscape in the industry will continue to improve. Facing a complex market environment, the Group will reinforce its competitive edges through technological innovation, production iteration, marketing model transformation, the promotion of digital intelligence transformation and green low-carbon high-quality development. ~ END ~ About China XLX Fertiliser Ltd. China XLX Fertiliser Ltd. is one of the largest and most cost-efficient coal-based urea producers in China. It is principally engaged in developing, manufacturing and selling of urea, compound fertiliser, methanol, dimethyl ether, melamine, furfuryl alcohol, furfural, 2-methylfuran, pharmaceutical intermediates and related differentiated products. The Group adheres to the development strategy of “maintaining overall cost leadership and creating competitive differentiation" while strengthening the core fertiliser operations. With support of the resources in Xinxiang, Xinjiang and Jiangxi, it extends the value chain to upstream new energy and new materials and diversifies into coal chemical related products. The Company’s shares (stock code: 01866.HK) are traded on the main board of the Hong Kong Stock Exchange. Investor and Media Enquiries China XLX Fertiliser Ltd. Gui Lin Tel: 86-135-6942-3415 Email: gui.lin@chinaxlx.com.hk PRChina Limited David Shiu / Liky Guo Tel: 852-2522 1368 / 852-2522 1838 Email: dshiu@prchina.com.hk lguo@prchina.com.hk 17/05/2026 Dissemination of a Financial Press Release, transmitted by EQS News. The issuer is solely responsible for the content of this announcement. Media archive at www.todayir.com
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