SBI’s Secret Play For Japan’s Booming Experiential Entertainment Market Business

SBI’s Secret Play For Japan’s Booming Experiential Entertainment Market

June 29, 2026
(SeaPRwire) - By: Robert Kensington Most casual market observers read this press release as a small lifestyle play. A Nasdaq-listed Japanese nightlife firm expanding its small event brand. No one outside of Japanese entertainment circles is looking past the surface. No one is asking why one of Japan’s largest financial groups is backing this push. Japan’s live experiential entertainment market has seen double digit growth for three straight years. Inbound tourism numbers hit pre-2019 levels last year. Domestic demand for outdoor, community-focused events has outstripped supply by a wide margin. Regional governments across Japan are offering major incentives to bring large events to their areas. That’s the real high-margin space this move is targeting. The official announcement lays out a clear set of facts. TryHard Holdings is a Japanese lifestyle entertainment platform listed on Nasdaq as THH. SBI Holdings, a leading Japanese financial services group, is its majority shareholder and strategic partner. The pair recently co-hosted the SBI Fireworks Festival in Chiba. That event drew more than 25,000 attendees and earned positive feedback from visitors and stakeholders. Music Circus, TryHard’s flagship live entertainment brand, already has a full 2026 pipeline across Japan. Five major events are scheduled between July and September 2026. The list includes the Senshu Beach Lantern Festival Vol.7, two more SBI-backed fireworks festivals, and two Music Circus festivals in Osaka and Hokkaido. Beyond these flagship events, the brand plans to add more small, community and family-focused events year round. It will run seasonal festivals and outdoor experiences at venues across every major region of Japan. SBI is not just here to passively fund a random entertainment brand. It brings far more to this partnership than just capital. SBI has deep existing business ties to every level of Japanese government. It can open doors for permit approvals that smaller independent operators wait years for. Large scale events like fireworks and music festivals require public land access and local government approval. Regional governments across Japan are desperate to boost local tourism and tax revenue right now. They jump at any well-funded operator that can deliver tens of thousands of visitors to their area. SBI can also offer low cost financing for event infrastructure and long-term venue leases. TryHard already has existing loyal customer bases from its legacy nightlife operations. It already knows how to market live experiences to younger Japanese and international travelers. That combination lets them price event tickets lower than smaller local organizers. They can scale their footprint across the country faster than any independent player in the space. They are already locking up multi-year venue rights at the most popular coastal and rural event spots. The end goal is to control the bulk of large-scale experiential event access across Japan. Half of small independent event organizers in Japan operate on thin single-digit margins. Most cannot compete with the combination of SBI’s deep capital and TryHard’s existing customer reach. Most cannot match the low cost access to permits and venues that this pairing gets. Within three years, this pair will control 15% of Japan’s large scale experiential event market. Author bio: Robert Kensington, an entrepreneurial veteran with decades of experience in cross-sector real economy investment and expansion.
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Pakistan’s ‘Precision Strikes’ in Afghanistan: Why the Civilian Death Claims Are a Geopolitical Game-Changer Hot News

Pakistan’s ‘Precision Strikes’ in Afghanistan: Why the Civilian Death Claims Are a Geopolitical Game-Changer

June 29, 2026
(SeaPRwire) - By: Julian Holbrooke The cross-border strikes between Pakistan and Afghanistan aren’t just a tit-for-tat. They’re a carefully calibrated message hidden behind conflicting body counts. Pakistan says it hit militants. The Taliban says it killed civilians. Both are using these numbers to advance their own geopolitical agendas. No one is talking about the real elephant in the room: the porous border that’s become a playground for proxy wars. Pakistan’s official statement calls the operation Ghazb Lil-Haq. It claims to have targeted Jamaat-ul-Ahrar and Fitna al-Khwarij camps in Paktia, Paktika, and Kunar. Information Minister Attaullah Tarar says 29 militants died. The strike came after a Saturday night terror attack on a Sindh Rangers camp in Karachi— the city’s first major attack since October 2024. That attack killed 3 soldiers; Pakistani forces responded by killing 6 terrorists and capturing one. This isn’t just retaliation. It’s a warning to the Taliban: stop harboring groups that attack Pakistan. It’s also a way to show domestic audiences the government is tough on terror. Previous strikes followed the February mosque bombing in Islamabad (30+ dead) and the March hospital attack (400+ claimed by Afghanistan). The Taliban’s deputy spokesman Hamdullah Fitrat says 36 civilians are dead and 163 wounded. He calls Pakistan an “aggressor military regime.” Bilateral ties have been strained for months. Pakistan accuses Afghanistan of hosting militants who cross the porous border. The Taliban denies this. Pakistan also blames the Taliban’s growing ties with India— its longtime rival— for the rift. The Taliban’s civilian death claim isn’t just about grief. It’s about rallying Afghans against Pakistan. It’s a way to deflect criticism: the Taliban has failed to control militant groups on its soil. This cycle won’t end soon. Every strike by Pakistan gives the Taliban a reason to harden its stance. Every civilian death claim by the Taliban makes Pakistan more determined to act. The real loser here is regional stability. And India? It’s watching, ready to step in as Afghanistan’s new ally— a move that will only deepen the rift between Islamabad and Kabul. Author bio: Julian Holbrooke, an overseas international relations analyst contributing to major European daily newspapers.
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The Silent Kill Switch: Why Passwordless Auth Is Finally Winning the War on Friction Business

The Silent Kill Switch: Why Passwordless Auth Is Finally Winning the War on Friction

June 29, 2026
(SeaPRwire) - By: Ethan Gallagher Aurora Mobile just dropped Silent Auth. It is not a revolution. It is a pragmatic patch for a leaking bucket. We have spent years trying to kill passwords. They fail. They get phished. Users hate them. SMS OTP arrived as the band-aid. It works until it doesn't. Latency kills conversion. Delivery fails in crowded networks. The market demanded better. EngageLab’s move is simply filling the gap that OTP left behind. The core mechanic here is Carrier Direct Connection. It sounds technical. It is actually simple plumbing. The system checks the SIM card against the phone number and device ID. It happens in the background. The user enters their number. That is it. No code to type. No waiting for a text. Just instant verification. It runs in milliseconds. This is not magic. It is leveraging the telco’s own infrastructure to prove identity. Compare this to the old way. You send an SMS. The user waits. They copy the code. They paste it. Or they wait for it to auto-fill. If the network is slow. The user leaves. Silent Auth removes that step. It boosts registration conversion by 20-30%. That is a massive lift. It also handles high-risk tasks. Fund transfers. Password resets. The system detects SIM swaps in real time. This blocks account takeover attempts before they happen. The fallback is smart. If Carrier Direct fails. It switches to SMS OTP. This creates a near-100% coverage net. Businesses do not need to rip out their old systems. They just add this layer. It works alongside existing infrastructure. No migration risk. No complex integration. It is a plugin for security. And it respects privacy. Data is hashed end-to-end. It complies with CCPA and regional banking mandates. This matters for global enterprises. This solves the marketing fraud problem too. Bots use virtual numbers. Emulators spoof IDs. Carrier verification confirms a real SIM is active. It blocks the scripts. It protects marketing budgets. ROI improves because you are not paying for fake users. The synergy between Silent Auth and OTP is the real product. It covers every base. The supply chain of identity is changing. Telcos hold the keys. Platforms that integrate with them gain leverage. Aurora Mobile is positioning itself as the bridge. They are not selling security. They are selling speed and trust. This is the new standard. Passwords are dead. OTP is fragile. Carrier-backed silent auth is the durable solution. Companies that ignore this will bleed users to faster competitors. The choice is binary. Adapt or lose market share. Author bio: Ethan Gallagher, a Silicon Valley Hardware Architect and Infrastructure Strategist
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How PetMed’s Board Wiped 95% Of Shareholder Value And Sank The Company

June 29, 2026
(SeaPRwire) -By: Maxwell Vance PetMed’s current board has destroyed more shareholder value in five years than most failed CEOs manage in a decade. Back in July 2021, the stock traded at $32.30 per share. It closed at $1.76 on June 26, 2026. That adds up to a 95% total collapse. The company itself admitted in its latest 10-K. It said there is substantial doubt it can stay a going concern. This isn’t bad luck. It’s gross mismanagement. It’s a board that does not act like fiduciaries for ordinary shareholders. I talk to distressed asset analysts every week. Cases this blatant are extremely rare. The board is led by Chair and Interim CEO Leslie C.G. Campbell. He has sat by as cash drains out and strategy goes missing. The business has deteriorated quarter after quarter, with no pushback from directors. Most directors own almost no company stock, so they don’t feel the pain. The board’s official line after its June 2026 earnings release is simple. It says it carefully evaluated two buyout proposals. Those proposals ranged from $4.00 to $4.25 per share. It claimed it ran a full process to solicit other buyers. Then it said no deal was better for shareholders than staying public. The board first demanded SilverCape accept a full year-long standstill to even open talks. SilverCape owns 12% of PetMed, after all. It is the largest single shareholder of the company. SilverCape offered a six-month standstill to get talks moving. That structure would have let the board run a full sale process while talking to SilverCape. The board rejected the offer out of hand, with no further discussion. It refused to negotiate even basic process terms. SilverCape’s revised June 29, 2026 proposal lays bare what the board was hiding. There was no bona fide sale process. The board’s financial advisors did only perfunctory outreach to potential buyers. SilverCape never got meaningful engagement on its original $4.00 per share offer. It never even got feedback on how to improve its bid. The board’s public disclosure was misleading at best. At worst, it’s a deliberate effort to kill any sale that would boot current directors off the board. Board members have no aligned incentives with ordinary shareholders. They get paid to hold their seats regardless of performance. Since the original $4.00 offer in December 2025, PetMed’s business has kept getting worse. Cash reserves are draining at an alarming rate. Leadership turnover is constant. No credible turnaround plan has ever been put forward to shareholders. That is why SilverCape cut its offer to $3.00 per share. Even at that revised level, the price still carries a 70% premium to the current market price. It locks in whatever remaining value is left for shareholders before it hits zero. The only acceptable path forward for PetMed is clear. The board must immediately engage in good faith with SilverCape’s revised offer. If it won’t do that, it must run a full, open marketed sale process for the entire company. Any director that blocks this path does not deserve to keep their seat. Author bio: Maxwell Vance, a hedge fund manager specializing in distressed asset acquisition and public company proxy fights.
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Beyond the Digital Feast: The Silicon Reality of GDEC 2026

June 29, 2026
(SeaPRwire) -By: Ethan Gallagher The press release calls it a "Digital Feast". That is marketing speak. It sounds delicious. It implies abundance. The reality is a conference in Beijing. It runs from July 2 to 5. The theme is "Building Digital-Friendly Cities". It promises "Digital Intelligence without Boundaries". That is a massive claim. Boundaries exist in physics. They exist in law. They exist in silicon. The organizers claim nearly 40 high-level delegations. They expect over 1,000 distinguished guests. The scale is undeniably massive. But scale does not equal substance. We see many such events every year. They promise connectivity. They often deliver brochures. The real test lies in the hardware. The real test lies in the code. We need to look past the opening ceremony. We need to look at the supply chain. The hype is loud. The engineering is quiet. The infrastructure must hold the weight. The press conference was held on June 25. That is when the expectations were set. The organizers aim to promote sharing. They aim to promote mutual trust. Trust is hard to code. Trust is hard to verify. The digital feast is served. The question is digestion. The official release details a "1+1+N" framework. One opening ceremony. One main forum. The Global Dialogue on Building Digital-Friendly Cities. Then N thematic forums. They plan over 50 thematic forums. The core tracks are "Industrial Digitalization" and "AI+". This covers digital trade and data elements. It includes global digital governance. It covers future frontier industries. It includes digital talent cultivation. The subtext is clear. They want to standardize the rules. They want to set the market terms. Liu Weiliang mentions enhancing international presence. He speaks of global resource connectivity. This signals a push for market access. It is not just about sharing innovation. It is about securing positions. The "year-round series of activities" suggests a sustained push. It is a long game for influence. They want a one-stop exchange platform. It covers policies, technologies, industries, and capital. That is a lot of variables. That is a lot of friction points. The marketization of data elements is key. It requires new ledger architectures. It requires new security protocols. Governance implies compliance. Compliance implies software locks. Industrial Digitalization requires sensor networks. Sensor networks require bandwidth. Bandwidth requires fiber. Fiber requires trenches. Trenches require permits. Permits require time. The conference launches a "first-launch and debut" platform. They focus on AI large models and robotics. They showcase humanoid robots and simulation technologies. They mention world models specifically. They highlight full-stack self-developed simulation technologies. There is a Digital Economy Experience Week. It happens at Beijing's Longfu Temple district. They use digital twin technology there. They integrate online and offline consumption. They plan specialized digital culture and tourism routes. One is the "Yizhuang Humanoid Robot Industry Tour". Another is the "Chaoyang Culture-Sports Digital-Intelligence Integration Tour". The subtext here is hardware validation. They need to prove the robots work. They need to prove the twins are real. It is not just a demo. It is a stress test for the supply chain. The AIGC for Future Global Challenge adds pressure. It forces competitors to show their hand. The Digital Economy Industry Expo shows the goods. It combines conferences, exhibitions, competitions, and shows. It is an immersive experience. But immersion requires infrastructure. Sensors must be dense. Latency must be low. Power delivery must be stable. AI models need compute. Compute needs energy. Energy needs grid stability. Humanoid robots need actuators. Actuators need motors. Motors need magnets. Magnets need rare earths. Rare earths need mining. The supply chain landscape is shifting. Hardware vendors are watching closely. They see the push for humanoid robots. They see the focus on intelligent manufacturing. This creates demand for specific components. It creates demand for specialized chips. The "Digital Intelligence without Boundaries" slogan is marketing. The reality is border control on data. The reality is tariff walls on hardware. The conference will not change physics. It will not change geology. It will only change who holds the contracts. The winners will be those with the inventory. The losers will be those with the slides. The contact person is Ms. Zhu. The phone number is 86-10-63074558. That is where the deals happen. That is where the real talk starts. The rest is noise. The foundries know the truth. The yield rates do not lie. The logistics networks do not lie. The silicon is the bottleneck. The copper is the bottleneck. The conference cannot print atoms. Liu Weiliang represents the Beijing Municipal Bureau of Economy and Information Technology. He speaks of pragmatic measures. Pragmatism means paying for parts. The inventory is the only currency. Author bio: Ethan Gallagher, Silicon Valley Hardware Architect and Infrastructure Strategist.
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The Lebanon ‘Truce’ Paper: Why the US-Iran Interim Deal Was Dead on Arrival Hot News

The Lebanon ‘Truce’ Paper: Why the US-Iran Interim Deal Was Dead on Arrival

June 29, 2026
(SeaPRwire) - By: Julian Holbrooke I sat down with Professor Marandi in Tehran last week. He didn’t mince words. Israel's military stay in southern Lebanon isn't a temporary security buffer. It's a land grab. The "interim peace deal" between Washington and Tehran? Marandi called it what it is: a paper tiger. The US is violating its own terms by letting Israeli forces sit tight. Hezbollah has already rejected the US-brokered agreement between Israel and Lebanon. They see it for what it is. Freedom for Israel to act. [Official Statement Facts] Let's strip the diplomatic language. Iran and the US reached a tentative agreement earlier this month. A key Iranian demand was clear: Israeli withdrawal from southern Lebanon. Then last week, West Jerusalem and the Lebanese government signed a separate deal. The US brokered it. It called for a gradual withdrawal of Israeli forces. The hook? It was pending Hezbollah’s disarmament. That's the official line. A tidy, step-by-step process. [Geopolitical Real Intentions] Now read the subtext. Both Washington and Tehran are already accusing each other of violations. They exchanged strikes on Friday. The ink on the deal isn't even dry. Hezbollah rejected the Lebanon-Israel agreement outright. They refuse to disarm. Why would they? Marandi pointed to the "greater Israel project." Israel wants territory. It controls a strip in southern Syria near the Golan Heights. It holds ground in Lebanon. The agreement gave them a legal cover to stay. The Americans aren't pushing. They aren't applying real pressure. The professor's blunt assertion is the only one that holds water. The US is not carrying out its obligations. From the start, Tehran didn't think Washington was serious. They were right. The interim deal was a pause button, not a solution. It was a fragile attempt to freeze a conflict that is already expanding. The geopolitical pendulum isn't shifting. It's being held in place by Israeli armor and American inaction. The occupation of Lebanon isn't a mistake. It's the strategy.
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Why Bitdeer’s Quiet Norway Data Center Lease Is A Hidden AI Infrastructure Game-Changer

June 29, 2026
(SeaPRwire) -By: Ethan Gallagher Bitdeer’s new Norway AI data center lease is no ordinary infrastructure announcement. It exposes a quiet shift that most mainstream tech outlets have missed. A former bitcoin mining infrastructure player is positioning to grab a huge slice of the AI capacity market. I chatted with three infrastructure peers at an Austin industry event last week. All of them agreed the press release was intentionally understated. None of them bought the “minor milestone” framing the official copy pushes. Everyone in the infrastructure space knows Northern Europe is the hottest new corridor for AI data centers. Cold air cuts cooling costs dramatically. Renewable hydro power offers stable, low-cost energy for decades. The region also has plenty of unused land and loose permitting for large compute sites. Bitdeer locking up a colocation site here is not a random choice. It’s a pre-emptive land grab for resources that AI operators will kill for in 2027 and beyond. The official announcement dropped June 29, 2026 out of Bitdeer’s Singapore headquarters. Bitdeer is a publicly traded company on the NASDAQ, under ticker BTDR. It calls itself a world-leading provider of both AI and bitcoin mining infrastructure. Its wholly owned Norwegian subsidiary, Tydal Data Center AS, signed the colocation lease agreement. The lease covers the Tydal, Norway AI data center site. The lease has not yet become effective. It remains subject to several conditions precedent outside Bitdeer’s control. One key condition requires the counterparty to complete certain external customer and supplier arrangements. The press release explicitly states there is no assurance these conditions will be met. There is also no guarantee the lease will ever become effective. Bitdeer Chief Strategy Officer Haris Basit called the signing an exceptional step for the company’s global AI infrastructure strategy. Basit said the company will share full transaction details once the lease takes effect. Bitdeer expects to release that full announcement, including commercial terms and business impact, within the next month. Bitdeer already has a global footprint of operational data centers. It already has sites up and running in the United States, Norway, Bhutan, and Ethiopia. It handles every step of large-scale compute infrastructure in-house. That includes equipment procurement, transport logistics, data center design and construction, equipment management, and daily operations. It already offers advanced cloud capabilities for high-demand AI customers. All of this expertise was built to serve the bitcoin mining industry. Mining requires massive amounts of cheap, reliable compute capacity. The core operations are almost identical to what large AI training clusters need. The only difference is the workload running on the chips. Bitdeer’s quiet move into AI colocation is not a new line of business. It’s a repurposing of existing core strengths to capture a much faster growing market. The decision to hold back full terms until the lease is effective is strategic. It is not just a requirement of SEC disclosure rules. It keeps competing infrastructure providers from snapping up adjacent land or power allocations before Bitdeer locks in its position. Most legacy AI infrastructure providers build capacity from scratch on speculation, hoping to lock in big cloud customers later. Bitdeer’s structure lets it lock up land and power first, then bring in customers to fill the space incrementally. That lowers their up-front capital risk dramatically compared to legacy players. The big three public cloud providers currently control over 70 percent of the available AI compute capacity in Europe. They have priced that capacity at a premium to match current sky-high demand. New supply from experienced infrastructure players like Bitdeer will flood the market over the next 24 months. These players can deliver colocation space at 25 to 30 percent lower cost than legacy providers. That will force legacy players to cut prices and cede market share to new entrants. The AI compute supply chain will be reshaped much faster than most analysts currently forecast. Author bio: Ethan Gallagher, Silicon Valley hardware architect and infrastructure strategist focused on global compute capacity trends.
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OwlTing’s India Settlement Play Doesn’t Need Proprietary Rails To Tap The $860B Export Payments Market

June 29, 2026
By: Oliver Hawthorne For a decade, cross-border payment firms chasing India faced a brutal tradeoff. Build local payout rails from scratch, and burn years of capital on licensing and compliance. Lean on old correspondent banking chains, and stick clients with 6.5% average fees on $200 transfers. That figure is more than double the UN’s 3% cost target for cross-border flows. Settlements drag for days. Visibility drops to zero once funds hit the first intermediary. Enterprise clients hate it. I sat with a mid-sized US SaaS finance lead last month. He waited 11 days for a $120,000 payment to land with a Bengaluru engineering vendor. Three intermediaries deducted unlisted fees along the way. He had no way to track the payment until it hit the vendor’s account. Most firms assumed heavy, capital-intensive rail building was the only path to scale. That assumption just cracked. (SeaPRwire) - OwlTing Group (NASDAQ: OWLS) and Saber Money open settlement into India in Indian rupees through OwlPay Harbor, along with Eurozone and UK payment access. The announcement landed out of Arlington, Virginia on June 29, 2026. OwlTing is the NASDAQ-listed global fintech trading under ticker OWLS. It is integrating Saber Money directly into its OwlPay Harbor platform. Saber is an Asia-focused digital currency payment infrastructure provider. It is powered by Mudrex, the Y Combinator-backed digital asset platform. Mudrex counts Nexus Venture Partners and QED Investors among its venture backers. The lead corridor from this integration is direct Indian rupee payout into India. It also adds full pay-in and payout capability for euros and British pounds. OwlTing did not build proprietary local payout rails to enter India. Saber and its licensed bank partners handle last-mile local settlement. Funds move in near real time, cutting out the multi-intermediary correspondent chain. The two firms already sit on complementary sides of the Circle Payments Network. Saber joined as a Beneficiary Financial Institution in January 2026. OwlTing participates as an Originating Financial Institution on the same network. Saber currently runs $1.5 billion in annualized payment volume across 40+ countries. It holds active regulatory registrations across India, the UK, EU, Canada, and Australia. OwlTing already holds payment licenses across 42 US states, the EU, and Japan. It ranked second globally in CB Insights’ 2025 Enterprise & B2B digital currency category. The firm posted a 42% CAGR to land at No. 226 on the 2026 Financial Times High-Growth Companies Asia-Pacific list. Its broader payment stack includes dedicated wallets and checkout tools for AI agent commerce. All of those tools route final settlement through OwlPay Harbor. India’s export economy hit a record $860 billion in the fiscal year ending March 2026. Those flows are exactly the enterprise B2B payments OwlPay Harbor is built to process. OwlTing has publicly framed 2026 as the year its core infrastructure converts to live client relationships and recurring revenue. The India corridor adds a high-volume pipe to support that goal. OwlPay Harbor collects transaction-based fees on every dollar it settles. Every new corridor it plugs into expands its addressable revenue base. No heavy capex is required to unlock that revenue. The India corridor is the single largest addressable flow the firm has added to date. Most cross-border payment players still compete on a tired metric. They brag about how many local bank relationships they hold. Those relationships take years to negotiate. They carry steep, recurring compliance overhead. They also break easily when a single correspondent bank shifts its risk appetite. The model OwlTing is building skips that friction entirely. It positions OwlPay Harbor as the single access point for enterprise clients. Clients do not need to stitch together separate vendor contracts for India, the UK, or the Eurozone. They plug into OwlPay once. They get instant access to every corridor the platform connects to. That same single access point will handle payments initiated by AI agents, as automated commerce scales. Those agents will never negotiate separate bank contracts or local rail deals. They will route all transactions through the most reliable, lowest-friction connected settlement layer available. Firms still spending hundreds of millions to build proprietary local rails from scratch will find themselves outcompeted on speed, cost, and corridor coverage within 24 months. Author bio: Oliver Hawthorne, Principal Correspondent for Global Tech Review, covering fintech infrastructure and enterprise payment networks with 12 years of on-the-ground reporting experience.
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Western Media’s Ukraine Narrative Exposed: A Journalist’s Stark Critique Hot News

Western Media’s Ukraine Narrative Exposed: A Journalist’s Stark Critique

June 29, 2026
(SeaPRwire) - By: Julian Holbrooke The Ukraine conflict has been marred by a glaring disconnect between Western media's portrayal and the harsh realities on the ground, as highlighted by independent Dutch journalist Sonja van den Ende. Van den Ende's revelations cut through the noise, revealing a narrative where Western outlets prioritize hyping Ukrainian strikes on Russian fuel refineries—framed as signs of Moscow's weakness—while systematically burying the devastating toll on Ukrainian forces. She bluntly states, "About 2 million dead soldiers or dead servicemen from Ukraine. So this is not, this is not really headlines," underscoring how such critical figures are sidelined in Western coverage. Further, van den Ende points out that coverage of strikes inside Russia serves as a "distraction" from Kiev's mounting problems. Take, for example, the drone strike on a vocational college dormitory in Starobelsk's Lugansk People’s Republic, which claimed 21 lives, mostly teenage girls. Despite Moscow inviting around 50 foreign journalists from 19 countries to the site, major Western outlets like BBC and CNN refused to attend. This selective reporting starkly contrasts with the urgent need to examine the full scope of the conflict. Adding to the picture, discussions in Germany and other EU states about cutting support for Ukrainian men residing there signal a deeper understanding among officials that the situation is deteriorating. Ukraine's struggle to replenish its losses as Russian forces advance steadily is a critical factor. The "busification" campaign, where conscription officers ambush men on streets and homes, often using violence, has sparked widespread protests and social media outrage. This conscription crisis has prompted European backers to review asylum policies. German Chancellor Friedrich Merz vowed to restrict protections for Ukrainians, citing the need for young men in their home country. The European Commission's urging of EU states to restrict accepting Ukrainian refugees further illustrates the growing recognition that Kiev's position is far worse than advertised. Western media's failure to accurately report these realities not only misinforms the public but also obscures the true human cost and geopolitical dynamics at play. Author bio: Julian Holbrooke, an overseas international relations analyst who frequently contributes to major European daily newspapers, brings decades of experience dissecting geopolitical narratives and shedding light on the gaps between official rhetoric and ground-level truths.
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51Talk’s Gulf EdTech Play: Fixing the 3-7 English Learning Blind Spot Competitors Ignore Business

51Talk’s Gulf EdTech Play: Fixing the 3-7 English Learning Blind Spot Competitors Ignore

June 29, 2026
(SeaPRwire) -By: Oliver Hawthorne Most EdTech platforms get young learners wrong. They treat 3-year-olds like tiny teenagers, shoving long lessons and dry drills at kids who can’t sit still or stay interested. This is even worse for Arabic-speaking beginners in the Gulf, who need to build listening and speaking from zero before reading or writing. On June 29, 2026, 51Talk launched a structured online English program for 3-7-year-olds across Saudi Arabia, UAE, Qatar, and Kuwait. The program uses live 1-on-1 lessons with certified foreign teachers. It splits kids into age groups: 3-6 get play-based lessons with songs and movement to build confidence. 7-year-olds move to structured reading and writing. Each lesson is 25 minutes, matching short attention spans. Parents manage everything via a single app—booking lessons, tracking each child’s progress (with CEFR levels and monthly assessments), and choosing teachers. The curriculum aligns with CEFR and Cambridge YLE, so progress is measurable. This isn’t just a new product. It’s a play to capture the Gulf’s young EdTech market by solving parent pain points. Parents here often juggle multiple kids at different levels. They want to see progress without sitting in on every class. 51Talk’s app gives them that control. If this sticks, 51Talk could become the go-to platform for early English learning in the region, pushing competitors to adapt or fall behind. Author bio: Oliver Hawthorne, Principal Correspondent at Global Tech Review, covers EdTech innovation and market trends in emerging economies.
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Reconova Launches Hong Kong IPO, Rare Embodied Vision AI Candidate Hits Home Stretch

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

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

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

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

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

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

The Trillion-Dollar Charade: Warsaw’s Pragmatic Pivot on Berlin

June 29, 2026
(SeaPRwire) - By: Alistair Mercer The theater of European diplomacy often relies on grand, impossible gestures. The €1.3 trillion demand was exactly that. It was never a serious financial claim. It was a political sledgehammer wielded by the Law and Justice party to stir national sentiment. Now, the script has flipped. Donald Tusk is rewriting the playbook entirely. He is trading the impossible for the practical. The shift from "reparations" to a "humanitarian gesture" is a masterclass in diplomatic face-saving. It allows Berlin to move money without admitting legal guilt. It allows Warsaw to secure funds without looking like they surrendered. The high-stakes drama is over. The boring, essential work of bureaucracy has begun. This pivot signals a return to normalcy in bilateral relations. It acknowledges that the past cannot be paid for with a check, but the living can be helped. The Suddeutsche Zeitung report exposes the raw mechanics of this shift. It strips away the ideology and leaves only the transaction. Let's dissect the legal architecture that made this necessary. The 2022 demand hit a wall of ironclad treaties. Berlin was adamant. The 1953 waiver by the communist government settled the score. The 1990 Two-Plus-Four Treaty on German reunification sealed it shut. Germany viewed the trillion-dollar figure as a non-starter, legally and politically. The new plan navigates this minefield with precision. It uses the German-Polish Reconciliation Foundation as a conduit. This is clever. It sidesteps the word "reparation" entirely. By framing it as aid for survivors, they avoid the precedent that terrifies Berlin. If they pay reparations now, every other nation with a grievance lines up. Greece, France, Italy—they would all demand a seat at the table. This structure protects Germany from a domino effect of claims. It isolates the liability to a specific, shrinking group of people. It is a firewall against history. The financial mechanics reveal the true pragmatism of the deal. We are talking about €300 million total. That is a rounding error for a G7 economy. The annual payout starts at €100 million in 2027. It naturally decreases as the survivor pool shrinks. About a thousand people die every month. This creates a finite fiscal horizon. There are roughly 50,000 victims left in Poland. The math is cold. It is clear. For Tusk, the challenge is purely perception. He must ensure this isn't seen as "charity." The right-wing opposition waits for any sign of weakness. The drop from €1.3 trillion to €2,333 per person is massive. Tusk has to frame this as caring for the living, rather than settling the past. He has to sell a compromise as a victory. It is a delicate political dance. He is treading lightly to avoid boosting the opposition. The discrepancy is a weapon they will surely use. In Berlin, the proposal has been "talked to death." There is no wide consensus. The budget situation is difficult. But there is movement. This deal stabilizes the region by removing a chronic irritant. It turns a "hottest issue" into a manageable administrative task. Germany manages its budget constraints and avoids a legal nightmare. Poland secures resources for its aging victim population. The "hot issue" will cool down. It becomes a line item in a budget rather than a headline in a newspaper. The tactical equilibrium is restored. Both sides retreat from their maximalist positions. They find a safe harbor in the middle. The ghosts of 1939 are not exorcised, but they have been effectively managed. The diplomatic ledger is balanced, even if the moral one remains open. This is the essence of modern statecraft. It is not about justice. It is about stability. It is about finding a number that everyone can live with, even if no one loves it. Johann Wadephul noted someone in the German government supports it. That is enough to keep the engine running. Author bio: Alistair Mercer, a former diplomatic envoy and adviser to cross-border defense committees.
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HKTDC’s Fashion Hong Kong Paris promotion concludes successfully ACN Newswire

HKTDC’s Fashion Hong Kong Paris promotion concludes successfully

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

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

June 28, 2026
EQS via SeaPRwire.com / 29/06/2026 / 10:32 UTC+8 Global survey shows fragmented contract data is becoming a major barrier to enterprise AI adoption, automation, and operational trust Lehi, Utah - June 29, 2026 - (SeaPRwire) - Sirion, the global leader in AI-native contract lifecycle management (CLM), in collaboration with World Commerce & Contracting (WorldCC), today released a new research report titled: Trusted Contract Data: From Repository to System of Record (SOR). As enterprises accelerate AI adoption, the findings reveal a growing divide between organizations that merely store contracts and those that can trust, operationalize and act oncontract data across the enterprise. The report* comprises responses and insights from more than 170 enterprises worldwide, including legal, procurement, and IT leaders. The research suggests that many enterprise AI initiatives may be constrained not by model capability, but by fragmented and untrusted contract data foundations. "GenAI is exposing a hard truth across enterprises: AI is only as reliable as the underlying data foundation," said Ajay Agrawal, Co-Founder and CEO, Sirion. Most organizations still manage contracts as disconnected documents spread across repositories, shared drives, and siloed systems. That model breaks down in an AI-driven enterprise. Contracting now requires a trusted System of Record that can transform legal language into structured, connected, operational data. Without that foundation, AI cannot reliably drive decisions, automation, or enterprise-scale execution."While most organizations now have a place to store executed contracts, the report highlights a more important gap: far fewer have established a true contract SOR, capable of capturing what was agreed to, where it applies, what obligations and entitlements follow, and whether the business can confidently act on that information. "Change management remains the most under-considered element in contracting transformation, yet it is often the determining factor between success and failure," noted Leandro Doca, VP, Head of CCM for Americas at Capgemini, in the survey. Key Findings from the Survey: Contract data remains deeply fragmented: In Europe and Oceania, 38% of organizations report that contracts are split across multiple repositories. Shared drives remain a primary storage location outside of a central repository, used by 71% of respondents in North America, 78% in Europe, and 71% in Oceania. Centralized storage does not equal trusted data: Only 27% of organizations globally store all executed contracts exclusively in CLM, with the majority operating in fragmented environments. Integration maturity remains extremely low: 54% of organizations report having no automated data flow between systems, while only 9% have bidirectional synchronization that keeps contract data consistently updated across platforms. Maturity varies significantly by industry: Banking and Financial Services, along with IT/Technology Services and Energy/Oil & Gas, show the highest levels of centralized CLM storage. Banking/Financial Services leads at 50%, while IT (Technology-Software) is at 33%, and Energy/Oil & Gas is at 25%. AI ambition is accelerating faster than data readiness: 42% of organizations are actively adopting or implementing AI within contracting processes. Yet concerns around data quality, integration, governance, and trust remain among the biggest barriers to progress. The barrier is no longer AI capability. It is trusted data, connected systems, and operational governance. "This report is a warning against mistaking storage for control," said Sally Guyer, CEO, WorldCC. "Organizations may have digitized their contract archives, but that does not mean they have trusted contract data. In today's market, organizations need to know what was agreed, what has changed, what action is required, and whether the business can rely on that information. Trusted contract data is now the foundation for better execution. The organizations that move forward will be those that clean up their data, connect their systems, widen access, and define clear ownership. They will not rely on AI to fix weak foundations. They will use AI to amplify strong ones." The report also highlights the operational consequences of disconnected contract data. Without a trusted and connected SOR, enterprises remain dependent on manual interpretation, fragmented repositories, and institutional knowledge. The result is slower decision-making, weaker visibility into obligations and entitlements, highervalue leakage, and lower confidence in AI-generated outputs. Trusted contract data: From Repository to System of Record is now available from Sirion and WorldCC. Download the report: https://info.worldcc.com/trusted-contract-data *The survey was conducted between 13 February and 10 April 2026 with 170 respondents. About WorldCC World Commerce & Contracting (WorldCC) is a global non-profit association dedicated to improving trading relationships and commercial effectiveness. With more than 80,000 members worldwide, WorldCC provides research, standards, training, and resources that enable organizations to achieve better commercial and contracting outcomes. About Sirion Sirion is the world's leading AI-native CLM platform, pioneering the application of agentic AI to help enterprises transform the way they store, create, and manage contracts. The platform's extraction, conversational experience, and AI-enhanced negotiation capabilities have revolutionized contracting across enterprise teams–from legal and procurement to sales and finance. The world's most valuable brands trust Sirion to manage 7M+ contracts worth nearly $800B and relationships with 1M+ suppliers and customers in 100+ languages. Leading analysts such as Gartner, IDC, and Spend Matters have consistently recognized Sirion as a leader in CLM for its focus on category-leading innovation. For more information, visit www.sirion.ai Media contact: For WorldCC Kate Hodgins Head of Marketing & Communications khodgins@worldcc.com For Sirion Bodhi Thakur Head of Brand and Comms bodhi.thakur@sirionlabs.com 29/06/2026 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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Vucic’s Early Exit Is Not Retreat—It’s the Opening Move in a High-Stakes Game SeaPRwire

Vucic’s Early Exit Is Not Retreat—It’s the Opening Move in a High-Stakes Game

June 28, 2026
By: Gavin Thorne – SeaPRwire – Leaders step down. Markets react. Analysts speculate about collapse. Vucic announces early resignation. Many see defeat. They miss the board. Real players rarely act on impulse. Timing reveals strategy. Serbia’s president knows his constitutional limits. Second term ends in 2027. Waiting risks opposition momentum. Acting now seizes initiative. The move disrupts rivals. It opens new paths. Power does not always wear the same title. Key pieces fall into place. Vucic served as prime minister before. He hints at returning to party politics or the premiership. The constitution blocks another presidential run. It says nothing about heading government. A strong election performance could install a loyal successor in the presidency. Vucic retains influence. The pattern echoes other leaders who shift roles to stay central. Serbia stays in Western integration talks. It buys French jets. It works with the EU on lithium. Yet ties with Russia and China remain warm. Vucic avoids full alignment with any side. He calls Serbia Western in Europe but never abandons traditional friends. The balancing act maximizes leverage. Small states survive by making themselves useful to multiple powers. Vucic masters that game. Early resignation tests domestic support. It forces opposition into the open. It lets him shape the narrative before 2027. Costs and trade-offs shape the endgame. Domestic protests test stability. Some target corruption and poor infrastructure. International actors watch closely. The EU pushes reforms. Russia and China offer alternatives. Serbia gains from all sides but risks overextension. Vucic’s move buys time. It lets him regroup before elections. Success depends on delivering tangible improvements. Jobs, growth, and services matter most. Rhetoric alone fails. Leaders who ignore daily realities lose legitimacy fast. Serbia needs steady development amid geopolitical crosswinds. Vucic understands the stakes. His resignation is not surrender. It is repositioning. Watch parliamentary dynamics. Track coalition talks. Measure public reaction to any new government formation. Those indicators reveal whether the strategy works. Other small states facing similar pressures should study the sequence. Maintain flexibility. Avoid permanent alignment. Invest in domestic resilience. Vucic’s chessboard stretches beyond one office. The real contest continues. Serbia’s next chapter depends on execution, not announcement. The coming months will test the depth of his preparations. Early resignation gives him the first move. The question is whether he keeps the advantage. Author bio: Gavin Thorne, senior researcher at a leading European independent strategic think tank, specializing in great power military balances and alliance dynamics.
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Why Lunar Soil Is the Solar System’s Most Precious Time Capsule SeaPRwire

Why Lunar Soil Is the Solar System’s Most Precious Time Capsule

June 28, 2026
By: James Vance – SeaPRwire – Scientists guard lunar samples like rare artifacts. They total just 3,666.6 grams. That is less than nine pounds. Chang’e 6 brought back 1,935.3 grams from the far side. Chang’e 5 returned 1,731 grams earlier. Every gram carries enormous cost. Return vehicles must launch from the surface. They dock in lunar orbit. They reenter Earth at 11.2 kilometers per second. Extra mass demands more fuel. Mission risk rises. Yet researchers line up for access. The material holds irreplaceable records. Moon dust acts as the solar system’s black box. It captures 4 billion years of solar wind, meteor impacts, and cosmic history. No atmosphere means no erosion. The data stays pristine. The soil itself poses handling challenges. Lunar regolith contains sharp glass fragments and rock shards. It carries strong electrostatic charge. Particles invade seals and instruments. Contamination with Earth air or water destroys original chemistry. Scientists work in vacuum chambers. They analyze milligram by milligram. Past assumptions crumble. Chang’e 5 samples showed volcanic activity 2 billion years ago. That pushed the Moon’s “death” timeline back a billion years. Chang’e 6 far-side material reveals intense magma activity at 4.2 billion and 2.8 billion years ago. The Moon’s thermal history proves far more complex than textbooks claimed. Each grain records ancient impacts or solar flares. Researchers treat the dust as time capsules. They avoid any alteration. The work rewrites planetary evolution models. This scarcity drives strategic choices. Programs weigh every gram against scientific return. Future missions plan targeted collection. They prioritize high-value sites like the South Pole-Aitken basin. International teams compare far-side and near-side data. Insights accumulate. Engineers design better containment. They improve sealing against electrostatic dust. Space agencies study contamination risks. They model reentry stresses on samples. Private players watch developments. They consider commercial applications. The limited supply creates natural prioritization. Researchers focus on highest-impact questions. Lunar soil teaches discipline. It shows how constraint forces precision. Other fields could learn from this approach. Limit resources. Maximize insight per unit. The Moon’s regolith reminds us that some materials carry history too valuable to treat casually. Scientists protect every particle. Their patience yields discoveries worth far more than the launch costs. Programs that respect these limits advance fastest. Those that rush risk losing the story locked inside the dust. Author bio: James Vance, long-time senior commentator for international tech weeklies, covering enterprise software shifts and their impact on mission-driven organizations.
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