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Officials stated that consular teams across multiple countries worked closely with airlines, airport authorities and host governments to organise departures and ensure that travellers were able to leave safely. The effort covered Chinese tourists, business travellers and temporary workers who had been present across several Gulf states when concerns about travel disruptions intensified.

Authorities described the return of more than 10,000 citizens as part of a broader emergency response mechanism that allows embassies and consulates to provide rapid assistance to nationals overseas. Diplomatic missions in Abu Dhabi, Riyadh, Muscat and other regional capitals coordinated with Chinese carriers and international airlines to arrange flights and secure transit permissions, ensuring orderly departures from major regional airports.

Embassy staff reportedly maintained continuous communication with travellers through consular hotlines and digital messaging platforms, offering guidance on documentation, airport procedures and available transport routes. Officials also worked with host governments to facilitate safe passage to airports and ensure travellers received assistance where needed.

Chinese diplomatic representatives emphasised that governments across the Gulf region extended cooperation during the operation, helping to maintain stability at airports and allowing evacuation plans to proceed without major disruptions. Aviation authorities in the region assisted with flight scheduling and airport logistics, enabling large numbers of travellers to depart over a relatively short period.

The spokesperson noted that consular protection remains a central responsibility of the foreign ministry and its overseas missions. Chinese embassies regularly issue safety advisories to citizens abroad and maintain contingency plans for large-scale assistance operations when circumstances require urgent coordination.

Travel between China and the Gulf has grown significantly during the past decade, driven by tourism, trade and energy cooperation. The United Arab Emirates in particular has become a major destination for Chinese tourists and business travellers, supported by visa-on-arrival policies and expanding air connectivity between Chinese cities and Gulf hubs such as Dubai and Abu Dhabi.

Tourism authorities in the Emirates have highlighted the importance of Chinese visitors to the hospitality and retail sectors. Before the global pandemic disrupted international travel, Chinese travellers represented one of the fastest-growing visitor segments to Dubai, contributing strongly to hotel occupancy and shopping activity across the city.

Saudi Arabia has also expanded tourism cooperation with China as part of broader economic diversification plans. Initiatives linked to the kingdom’s Vision 2030 programme have encouraged tourism flows, cultural exchanges and investment partnerships, drawing increasing numbers of visitors from Asia.

Oman has similarly sought to attract Chinese tourists and investors by easing visa procedures and promoting cultural heritage destinations, while maintaining strong commercial ties with Chinese energy companies involved in infrastructure and industrial development.

Consular officials said the return operation involved travellers from multiple Gulf states as well as other nearby countries where Chinese citizens had been working, studying or travelling. Embassy staff helped verify identities, issue emergency travel documents where necessary and assist those who required medical or logistical support before departure.

Airlines operating between the Gulf and East Asia played a central role in transporting travellers. Carriers from the region, alongside Chinese airlines, expanded seat capacity on several routes and adjusted flight schedules to accommodate additional passengers returning home.

Officials indicated that the successful movement of thousands of travellers reflects increasing coordination between diplomatic networks, aviation authorities and emergency management agencies. Governments have developed more structured protocols for assisting nationals overseas following earlier crises that highlighted the need for rapid response capabilities.

Chinese authorities have emphasised that citizens travelling abroad should remain attentive to official travel advisories and maintain contact with embassies and consulates when circumstances change. Digital registration systems have also been introduced to allow travellers to inform diplomatic missions of their presence in foreign countries, improving the ability of officials to provide assistance if required.

New Academy and Shenyang satellite office strengthen SUSS’ visibility and partnerships across Western and Northeast China.

CHONGQING, CHINA – Media OutReach Newswire – 10 March 2026 – The Singapore University of Social Sciences (SUSS) today launched the SUSS Success Academy in Chongqing in collaboration with Raffles Young Academy (RYA) Pte Ltd and announced the establishment of a satellite office in Shenyang. Building on its Success Academies in Beijing and Shenzhen, the Academy strengthens SUSS’ presence in China and supports its growing engagement across Western and Northeast China.

The launch was commemorated with an opening ceremony at the CCI Gallery, attended by close to 70 guests from China and Singapore, including representatives from institutions of higher learning, and industry and community partners. The ceremony was presided by Vice-Consul (Political) Ms. Mavis Tan, Consulate-General of the Republic of Singapore, Chengdu and Mr. Li Xunfu, Deputy Director of Chongqing Municipal Commission of Commerce.

Success Academy to connect partners from Singapore and China

Anchored in SUSS’ commitment to lifelong learning and creating social impact, the Academy will serve as a key nexus for academic and industry partners from both countries. Through cross-cultural collaboration and practice-oriented learning, it also aims to develop future-ready talent equipped to contribute meaningfully to society and the economy.

RYA is an education and talent development organisation aimed at nurturing future-ready talent through industry-oriented learning and international exposure. RYA will bring its networks and local expertise to support and enhance the Academy’s initiatives.

Through the Academy, SUSS will provide opportunities for students from SUSS and other Singapore pre-tertiary and tertiary institutions to co-learn and co-innovate with peers in China. These include interdisciplinary global learning courses, impact startup and venture builder programmes, industry-based immersions and student exchanges. SUSS students will also gain regional exposure through internships and other workplace learning opportunities. In addition, the Academy will support SUSS in working with universities and organisations in China to jointly design and deliver industry-relevant courses and programmes for students and executives.

Extending engagement into Northeast China with Shenyang satellite office

To further deepen its engagement in Northeast China, SUSS will launch a satellite office in Shenyang on 11 March 2026 under the Success Academy in Chongqing. This office will support SUSS’ initiatives in Liaoning Province and surrounding areas, including Dalian. In addition, three Memoranda of Understanding (MOU) will be signed with the following organisations:

• Shenyang University of Chemical Technology (SYUCT): Collaborative development of a Master’s degree programme in Social Work, fostering cross-border knowledge exchange, curriculum innovation, and talent development to address evolving social service needs.
• North-East Institute of Population and Social Development: Joint research endeavours, professional development programmes, and meaningful academia-industry partnerships to generate evidence-based solutions, build capabilities, and promote active ageing ecosystems that benefit individuals and communities.

Professor Tan Tai Yong, President of SUSS, said, “China is an important partner for SUSS as we expand opportunities for our students and strengthen collaboration across Asia. The launch of the Success Academy in Chongqing allows us to work more closely with universities, industry and community partners in Western and Northeast China, and to deliver applied, practice-oriented education that responds to real-world needs. Our partnership with Raffles Young Academy reflects our shared commitment to developing future-ready talent and supporting professional growth across the region.”

Mr. Samuel Ng, Executive Chairman, RYA, said, “Our collaboration with the Singapore University of Social Sciences reflects a shared belief in applied, practice-oriented education and in preparing students and enterprises to navigate an increasingly complex and interconnected world. Chongqing’s strategic position as a gateway to Western China and a hub for industry and connectivity makes it an ideal location for immersive, industry-linked education. This partnership represents a long-term commitment to building enduring bridges between students and industry, between academia and practice, and between Singapore and China.”

The launch of the Success Academy in Chongqing is part of SUSS’ broader expansion across Asia. Since 2023, SUSS has established Success Academies in Beijing, Shenzhen, Ho Chi Minh City Bangkok, Kuala Lumpur, Jakarta, Manila and Mumbai.

For more information, visit www.suss.edu.sg/success-academy.
Hashtag: #SUSS

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Currently, the deep integration of AI and WLAN has become a global trend in the development of the short-range communication industry. As the world’s first international industry organization dedicated on WLAN application experience, WAA proposed the goal of building a “Global Hub for AI-WLAN Technical Exchange and Standardization.” During the forum, WAA, jointly with international organizations, operators, and leading equipment enterprises, released the “International Cooperation Initiatives on AI-WLAN Standardization” and signed memorandums of understanding with the World Broadband Association (WBBA) and the Global Intelligent Internet of Things Consortium (GIIC), laying a solid foundation for breaking down standards barriers and advancing technical collaboration.

ZHANG Ping, President of the WAA, stated that building a new intelligent ecosystem with AI-WLAN is the shared vision of the industry. GAN Bin, Vice President of Huawei, mentioned that AI transforms wireless local area networks from “passive response” to “active prediction,” better meeting the differentiated needs of various industries.

During the keynote session, representatives from international standards organizations and industry leaders such as IEEE, ITU-T, ISO/IEC, SAMENA, WBA, China Mobile, Huawei, H3C, and Qualcomm engaged in in-depth discussions on topics such as technological evolution, standard harmonization, and scenario-based implementation. The panel discussion focused on AI-WLAN applications and standardization innovation, consolidating industry consensus.

As a professionally significant and internationally oriented industry event, the hosting of the 2026 Global WLAN Industry Forum not only established a core platform for global WLAN industry collaboration and exchange but also strengthened international consensus on the integrated development of AI and WLAN, reinforcing the foundation for global industry cooperation. WAA will leverage this forum as an opportunity to continuously deepen the two-way integration of AI and WLAN, further enhance international cooperation, and continue to play its role as a “coordinator” and “promoter.” It will persistently build bridges for global industry collaboration, deepen international technical exchanges and standard cooperation, and promote the benefits of high-quality WLAN experiences for users worldwide, collectively writing a new chapter in the development of the AI-WLAN intelligent network ecosystem.

Hashtag: #WLAN #AI-WLAN

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The Food Expo PRO open exclusively to trade buyers on the first two days, and welcome public ticket-holders on 15 August. The concurrent Hong Kong International Tea Fair will be open to both trade buyers and public ticket holders for all three days. The 2025 edition gathered some 18,500 buyers from 64 countries and regions. Buyers are mainly importers, wholesalers, distributors, hotel groups, restaurants, clubhouses, and retail leaders such as department stores, as well as e-tailers. Apart from Hong Kong, buyers came from Chinese Mainland, Taiwan, Japan, Korea, as well as ASEAN countries, including Cambodia, Malaysia, the Philippines, Thailand, and Vietnam, among others, highlighting Hong Kong’s significant role as a key food trade hub globally.

Reserve a booth now to extend industry network: https://tinyurl.com/57zd6hx9
Register a buyer badge to source quality products: https://tinyurl.com/4nhckk3h

Food Expo PRO: new Meat zone debut

Positioned strategically at the heart of Asia, coupled with its exceptional logistics services and adept supply chain management, Hong Kong serves as a promising platform for global food manufacturers to extend their reach into markets across Chinese Mainland and the broader Asian region. As a renowned culinary capital of Asia, Hong Kong is also home to a thriving food services industry that captivates locals and visitors alike.

Food Expo PRO aims to strengthen Hong Kong’s position as a business hub for the food industry in Chinese Mainland, Asia, and the world. As a pioneer in the F&B industry, the Expo has always kept a close eye on several key trends and innovation in order to capture the evolving dynamics of the food industry.

This year, Food Expo PRO will introduce a new Meat product zone to spotlight the dynamic meat sector and meet rising demand for premium, diverse, and innovative meat offerings. The zone will showcase a wide range of high-quality meat products, including chilled and frozen meats, processed meats, specialty items, and value-added solutions from global and regional suppliers. It aims to connect exhibitors with professional buyers seeking opportunities in premium proteins, sustainable sourcing, and market trends in the Greater Bay Area and beyond.

Recognising the promising landscape of the Halal Market, the Expo introduced a dedicated Halal food and beverage label in 2024, bringing a diverse variety of Halal certified products ranging from snacks, condiments to seafood. In 2025, more than 120 food suppliers showcased halal products from around the world. A seminar will guide through the importance and the progress of promoting halal-friendly environment in Hong Kong. This session will explore the growing demand for halal products and the standard.

Highlighted zone “Food Science and Technology” brings alternative food and future food products to the professional buyers. The Coffee zone, debuted last year, will showcase coffee products, accessories, and machines from various origins. Events such as coffee demonstrations and seminars covering the coffee value chain will also be held concurrently.

Food Expo PRO also features a variety of seminars and forums covering the latest developments and market opportunities in the food industry. The Food Tech Symposium will focus on the latest technological advancements transforming the sector. The discussion will cover how new technologies can enhance efficiency and quality, benefiting both producers and consumers.

Hong Kong International Tea Fair: Brewing opportunities in tea business

The concurrent Hong Kong International Tea Fair is Asia’s premier marketplace for the tea industry, showcasing a variety of high-quality specialty teas, delicate teaware and tea related products. Building on the positive feedback from adopting the B2B2C format in 2025, which attracted over 500,000 visits together with the four concurrent fairs, the 2026 Tea Fair will once again open to the public during the three-day exhibition period, bringing the rich culture of tea to a wider audience.

To capture the evolving trends in the tea industry, the 2025 edition featured a diverse variety of new-style tea beverages such as sparkling tea, Kombucha, non-alcoholic wine-tea concoction beverage, herbal tea and yuenyeung in a capsule. A thematic zone “Friends of Tea” also presented tea-related lifestyle products such as tea-pairing food and tea perfume. The 2026 edition will strengthen the zone to enrich the overall visiting experience of public tea lovers.

Each day at the fair is filled with different activities and events. The 2026Hong Kong International Tea Culture Forum will be organised, with the purpose of creating an international platform for communication, promoting tea culture, and driving the international development of the tea industry. The China and Greater Bay Area KamCha Competition 2026 (Hong Kong Milk Tea) – Hong Kong Final will be held during the Hong Kong International Tea Fair, aiming to select the top Hong Kong-style milk tea masters, showcase the skills and unique flavours of Hong Kong-style milk tea production, and promote Hong Kong-style milk tea culture. Other events, such as the Guangdong-Hong Kong-Macau Youth International Tea Art Competition 2026, Youth Tea Ceremony, Tea Tasting Sessions and Tea Art Performances, offer an immersive exploration of tea’s rich history and latest trends.

The International Tea Event Space Design Competition 2026continues to promote tea culture. Participants can present their creative tea-serving space designs through the competition, and the shortlisted designs will be displayed and judged during the fair. Another fair highlight is the Hong Kong International Tea Fair Tea Competition. Exhibitors’ teas will be judged in six categories: Green Tea, Oolong Tea, Black Tea, Chinese Black Tea, Raw Pu’er, Others. The entries will also compete for “The Best Aroma Award” and “The Best Taste Award”. Visitors can enjoy free tea tasting of winning teas during the Fair.

The two fairs will continue to adopt the HKTDC’s EXHIBITION+ model that integrates online and offline elements, extending face-to-face interactions from physical events to smart business platform, Click2Match, which will be open to participants from 6 to 22 August.

In addition, the International Conference of the Modernization of Chinese Medicine and Health Products (ICMCM), organised by the Modernized Chinese Medicine International Association (MCMIA), together with the HKTDC and ten scientific research institutions and industry associations, will be held at the Hong Kong Exhibition and Convention Centre on 13 and 14 August to deliver professional traditional Chinese medicine insights into the industry.

Websites:

Concurrent public fairs:

Hashtag: #HKTDC #FoodExpoPRO #HongKongInternationalTeaFair

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“The OPPO Find N series has always led the foldable market by being on the front end of innovative technologies,” said Pete Lau, Senior Vice President and Chief Product Officer at OPPO. “With Find N6, we have achieved a major breakthrough in hinge architecture and display materials. By introducing the industry’s first Zero-Feel Crease, we are opening up new possibilities for what a foldable smartphone experience can be.”

Since the first days of foldable technology, screen creases have always been a key user concern, taking something away from the natural appeal of foldable devices’ fuller displays. The OPPO Find N Series has relentlessly pursued solutions. In 2021, the original Find N reshaped the foldable experience with its pioneering waterdrop Flexion Hinge, turning deep, noticeable creases into something subtle and shallow. Since then, each successive generation has refined this technology, leading the industry in both visual and tactile smoothness.

Find N6 marks a leap forward with its Zero-Feel Crease, allowing users to be fully immersed in an expansive, large-screen experience with seamless visuals and smooth touch response. And even better, it’s built to stay that way, keeping flat and smooth even after years of use.

Building on its predecessor’s ultra-slim legacy, Find N6 is among the thinnest book-style foldables on the market. It rivals conventional bar-style flagship smartphones in ergonomics, offering a comfortable, fatigue-free grip even during extended use. The refined, symmetrical Cosmos Ring houses the all-new 200MP Hasselblad Ultra-Clear Camera, delivering professional-grade imaging without the typical bulk of a massive camera protrusion.

Find N6 will be available in two stunning colorways: the deep, classic Stellar Titanium and the vibrant Blossom Orange. To achieve a perfectly uniform rose gold finish on the titanium alloy hinge casing, Find N6 in Blossom Orange features Gold Hinge Trim that utilizes a precise gilding technique incorporating genuine gold, adding a touch of timeless luxury to its durable titanium frame.

To further boost productivity, Find N6 supports OPPO AI Pen so users can take full advantage of the bigger screen. More than just a stylus, it is an AI-powered tool that turns Find N6 into a true mobile workstation, helping users accomplish more with integrated intelligent features.

Stay tuned to discover more about OPPO Find N6 at the upcoming global launch.

Hashtag: #OPPO

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About OPPO

OPPO is a leading global smart device brand. Since the launch of its first mobile phone – “Smiley Face” – in 2008, OPPO has been in relentless pursuit of the perfect synergy of aesthetic satisfaction and innovative technology. Today, OPPO provides a wide range of smart devices spearheaded by the Find and Reno series. Beyond devices, OPPO also provides its users with ColorOS operating system and internet services. OPPO has footprints in more than 70 countries and regions, with more than 40,000 employees dedicated to creating a better life for customers around the world.

Committed to addressing the difficulties regarding people’s livelihood through the rule of law, Pi Jianlong, a lawyer and a national political advisor, has spent years going deep into factories, workshops, law firms and juvenile probation and rehabilitation centers, making sure that his proposals, grounded in rigorous field research, are precise, practical and responsive to real needs.

Noting the predicament faced by food delivery riders, including the lack of contracts, social security and basic protection, he proposed targeted suggestions such as innovating social security models and strengthening platform responsibilities. In 2025, platforms such as JD.com and Meituan successively introduced social security plans, providing full social insurance coverage for full-time riders and accident and medical insurance for part-time riders.

Awarded for his outstanding performance in 2025 by the Chinese People’s Political Consultative Conference (CPPCC) National Committee recently, Pi exemplifies the commitment of thousands of CPPCC members to serving the people through high-quality duty fulfillment, underscoring the CPPCC’s role as a major vehicle through which people’s democracy is practiced.

On Wednesday afternoon, China’s top political advisory body, the CPPCC National Committee, kicked off its annual session in Beijing. Chinese President Xi Jinping, together with other leaders, attended the opening meeting of the fourth session of the 14th CPPCC National Committee.

99.9% proposals handled

Acting as a dedicated consultative body, the CPPCC has pooled extensive consensus and strength to support the successful conclusion of the 14th Five-Year Plan and a solid start to the 15th Five-Year Plan over the past year, injecting strong vitality into the practice of whole-process people’s democracy – a key concept put forward by Xi himself to advance China’s political landscape.

Over the years, China has made all-around progress in improving the institutions, standards and procedures of socialist democracy and advanced socialist consultative democracy by way of extensive participation.

According to a work report delivered at the opening meeting, in 2025, the CPPCC National Committee received 5,992 proposals from its members, of which 5,061 were accepted for processing. The response rate for the accepted proposals stood at 99.9%.

The CPPCC National Committee members carried out 6,778 activities to serve the people, along with 11,115 outreach activities engaging people from relevant sectors. These efforts benefited more than 4 million people.

By innovating consultative and deliberative methods, improving consultative democracy institutions, and fostering a culture of consultation, the CPPCC has further strengthened its role in promoting democracy and offering policy advice while building consensus.

Over the past year, the CPPCC National Committee held 98 consultative and deliberative events, ranging from promoting the country’s green and low-carbon transition for the 15th Five-Year Plan and developing the silver economy to improving and innovating social governance. These efforts demonstrate that consultative democracy is grounded in reality and responsive to public needs, pooling support, consensus, wisdom and strength to advance Chinese modernization.

Securing a strong start to the 15th Five-Year Plan

Supporting the formulation of the 15th Five-Year Plan serves as a key task of the CPPCC in 2025, representing a vivid practice of whole-process people’s democracy.

From May 20 to June 20 last year, China launched an online public consultation to gather opinions for its next five-year plan. The initiative drew over 3.11 million valid submissions, yielding more than 1,500 constructive suggestions across 27 topics.

A summary of these findings was submitted to the Party leadership, ensuring that the people’s voices were heard at the highest level. By September, a total of 2,112 suggestions had been collected from various regions, departments and sectors, resulting in 218 revisions to the document.

To contribute to the 15th Five-Year Plan, the CPPCC, over the past year, held a special standing committee meeting and carried out 54 special studies, yielding a series of high-quality outcomes. Meanwhile, it launched a special research column, publishing 55 issues to provide evidence-based references for policy-making.

This broad-based participation highlights that national development strategies are rooted in public will, gathering strong momentum for Chinese modernization.

According to the work report, in 2026, the CPPCC will conduct in-depth research and thorough consultations on major tasks and strategic measures of the 15th Five-Year Plan and carry out cross-committee, cross-sector and cross-disciplinary studies, aiming to put forward forward-looking, targeted and operable policy suggestions, according to the report.

Focusing on key issues in areas such as economic development, technological innovation, reform and opening up, social development, and people’s livelihood, the CPPCC will truthfully reflect public opinions based on facts and implement the CPPCC National Committee’s democratic oversight work plan during the 15th Five-Year Plan period.

For more information, please click:
https://news.cgtn.com/news/2026-03-04/How-China-builds-consensus-boosts-growth-via-consultative-democracy-1LeSOfZLbk4/p.html

Hashtag: #CGTN

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By K Raveendran Escalating hostilities between the United States, Israel and Iran are rapidly transforming a regional confrontation into a global economic and geopolitical crisis, raising the spectre of what many analysts are beginning to describe as a Third Gulf War. Tehran’s early warning that Washington might possess the ability to ignite the conflict but […]

The article Oil Shock Fears Mount As Gulf Conflict Impact Spreads Far And Wide appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

Hashtag: #AllianzCommercial

https://commercial.allianz.com/
https://www.linkedin.com/company/allianz-commercial/

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About Allianz Commercial

Allianz Commercial is the center of expertise and global line of Allianz Group for insuring mid-sized businesses, large enterprises and specialist risks. Among our customers are the world’s largest consumer brands, financial institutions and industry players, the global aviation and shipping industry as well as family-owned and medium enterprises which are the backbone of the economy. We also cover unique risks such as offshore wind parks, infrastructure projects or film productions. Powered by the employees, financial strength, and network of the world’s #1 insurance brand, we work together to help our customers prepare for what’s ahead: They trust us in providing a wide range of traditional and alternative risk transfer solutions, outstanding risk consulting and Multinational services as well as seamless claims handling. Allianz Commercial brings together the large corporate insurance business of Allianz Global Corporate & Specialty (AGCS) and the commercial insurance business of national Allianz Property & Casualty entities serving mid-sized companies. We are present in over 200 countries and territories either through our own teams or the Allianz Group network and partners. In 2024, the integrated business of Allianz Commercial generated around €18 billion in gross premium globally. https://commercial.allianz.com/

The first OWA dates back to 1999, 3 years after HKWPEA was inaugurated, and has been running at a few years’ interval since. The 2026 OWA is the 9^th to be organized to recognize outstanding Hong Kong women professionals and entrepreneurs, to celebrate excellence, spotlight role models and to showcase the continuous contribution made by women in the current age and New Economy.

The press conference was hosted by HKWPEA represented by office bearers including Ms. Julianne Doe, President; Partner of Hui Doe & Sum Law Firm LLP; Ms. Jennifer Tan, Chairperson, Organizing Committee of 2026 OWA; Senior Advisor of Ant Digital Technologies – International Business and Partner of 01F Group; Ms. Marina Wong, JP, Chartered President; Ms. Helen Kan, Immediate Past President, HKWPEA; Ms. Sandra Mak, Director, Ms. Angel Hon, Director, and Ms. Agnes Koon, Director, HKWPEA.

Ms. Jennifer Tan, Chairperson, Organizing Committee of 2026 OWA, said: “Coming out of the challenging pandemic years, we found ourselves faced with global economic uncertainties and severe geopolitical issues calling for strong leadership and audacity to innovate and advance. Against this backdrop, we find it even more meaningful to celebrate outstanding women professionals and entrepreneurs in Hong Kong and thank them for their tireless contributions to society. Their accomplishments are leading lights for the younger generation. By highlighting their success, we encourage future leaders to chase their dreams and pursue sustainable initiatives to benefit communities and mankind.”

Nomination for the 2026 OWA recognising achievements in professions and business categories begins today until April 30, 2026. Six awardees will be selected by an eminent judging panel. The nomination form can be downloaded from HKWPEA website: https://www.hkwpea.org/

47 outstanding women have been selected in the past 8 OWA events. A few past OWA awardees were present at the press conference for a brief fire-side chat at the media conference. They are Dr. Eliza Yi Wah HO FOK, Winner, 2021 OWA, Chairman of the Hong Kong Breast Cancer Foundation; Prof. Helen MENG, Winner, 2017 OWA, Patrick Huen Wing Ming Professor of Systems Engineering & Engineering Management, The Chinese University of Hong Kong and Dr. Rebecca LEE, Winner, 1999 OWA, Founder of Polar Museum Foundation. While sharing their key to success, they also encourage women from different fields to come forward and join the award scheme.

Ms. Marina Wong, Founding President of HKWPEA, announced the 2026 OWA Judging Panel composition:

• Mr. Benjamin HUNG Pi Cheng, BBS, JP, President, International for Standard Chartered (Head Judge)
• Ms. Agnes CHAN Sui Kuen, BBS, Chairman, Hong Kong General Chamber of Commerce
• Ms. Teresa KO Yuk Yin, BBS, JP, Former Senior Partner, Hong Kong and China Chairman, Freshfields
• Hon. Jeffrey LAM Kin Fung, GBM, GBS, JP, Member of the Executive Council
• Professor Charles NG Wang Wai, PhD, Vice-President for Institutional Advancement, The Hong Kong University of Science and Technology
• Dr. Rosanna WONG Yick Ming, DBE, JP, Senior Advisor, The Hong Kong Federation of Youth Groups

Independent Advisor:

Professor Andrew CHAN Chi-fai, SBS, JP, Emeritus Professor, Department of Marketing, The Chinese University of Hong Kong Business School

Since the inception in 1999, the award has achieved recognition in selecting women who provide outstanding examples to business leaders, peers and youth alike, in their high standard of integrity and ethical values. HKWPEA was established in 1996 as a non-profit organization by a group of local women professionals and entrepreneurs. They have come together to develop a strong support network, to create practical and innovative learning and business opportunities for themselves and for others, to promote high professional standards, and to respond to consultations of the HKSAR Government on various policy issues.

HKWPEA website: https://www.hkwpea.org/

Special thanks to Hong Kong Economic Times, our Media Partner

Hashtag: #HKWPEA

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Outstanding Women Professionals and Entrepreneurs Award

Past Winners of Outstanding Women Professionals and Entrepreneurs Award

1999

Professor Rosie Young, Dr. Polly Cheung Suk-yee, Ms. Rebecca Lee Lok-sze,
Ms. Augusta Chui, Ms. Chong Kin-wo, Mrs. Anna Sohmen

2002

Professor Felice Lieh Mak, Professor Hu Shiu-ying, Ms. Rita Chan Pui-kwan,
Ms. Ella Cheong Shuk-ki, Ms. Mary Ma Xue-zheng, Dr. Magdalena Wong Man-kun

2005

Professor Nancy Y Ip, Ms. Vivien Chen, Professor Grace W K Tang, Ms. Sandy Yip Fung-ying, Ms. Vivienne Tam, Ms. Chiang Lai-yuen

2008

Professor Karen Lam Siu-Ling, Professor Vivian Yam Wing-Wah, Ms. Yao Jue,
Ms. Eleanor Law Kwai Chun, Ms. Bianca Ma Kin San, Ms. Deborah Wan Lai Yau

2011

Dr. Edith Mok Kwan Ngan Hing, Ms. Starry Lee Wai King, Mrs. Margaret Leung,
Dr. Margaret Chung Wai Ling, Ms. Gao An Feng, Ms. Wong Siu Ling

2014

Ms. Susanna Chiu Lai-kuen, Professor Leung Suet-yi, Ms. Nancy Sit Ka-yin,
Ms. Daisy Poon, Mrs. Annie Tse Yau On-yee, Mrs. Viola Wong Ho Suk-ying

2017

Professor Pascale Fung Ngan, Professor Helen Meng Mei-ling, Ms. Judy Chan, Professor Karen Chan Ka-yin and Dr. Jane Lee Ching-yee

2021

Ms. Ashley Galina DUDARENOK, Dr. Eliza Yi Wah HO FOK, Ms. Vivian Ying Shih LEE, Prof. Christine Kung-wai LOH, Ms. Winnie Wan Chi TAM, Ms. Jennifer Yuen Chun TAN

Leveraging Know Your Customer’s cutting-edge digital compliance platform, DBS Hong Kong will gain real-time access to comprehensive business verification data — including instant retrieval of official company documents and automatic identification of complex ultimate beneficial ownership (UBO) networks across more than 140 jurisdictions.

This AI-powered automation addresses the traditionally manual and cumbersome SME onboarding processes by streamlining the end-to-end business KYC process, efficiently verifying corporate structures and ownership, reducing manual effort and accelerating onboarding timelines. The result is significantly enhanced operational efficiency and a faster, more seamless onboarding experience for DBS Hong Kong’s business customers.

[Lareina Wang, Head of SME Banking, DBS Bank Hong Kong] said,

” At DBS Hong Kong, we are dedicated to reimagining the customer onboarding experience through continuous digital innovation. By engaging Know Your Customer, we leverage advanced technology to streamline CDD workflows, delivering faster service to our customers. This collaboration also represents a major advancement in automating SME onboarding processes that have historically been complicated and manual, solidifying SME banking position of DBS in the market of Hong Kong. “

Claus Christensen, CEO and Co-Founder of Know Your Customer, added,

“Our service provided to DBS Hong Kong exemplifies how financial technology can simplify complex onboarding challenges. With our global data coverage and AI-powered automation, we empower DBS Hong Kong to accelerate KYC processes and provide business customers with an unrivalled onboarding journey. Together, we are shaping the future of digital banking.”

In recognition of its visionary digital strategy, DBS Hong Kong was named Asia’s Best Digital Bank in 2025 by Euromoney. The bank also continues to lead digital innovation, evidenced by over 70% of Hong Kong SMEs already integrating or exploring AI and digital technologies as part of their operations, according to its recent SME survey.

This transformative collaboration underscores DBS Hong Kong’s unwavering commitment to innovation and delivering safe and trusted digital onboarding solutions in Asia’s rapidly evolving financial landscape.

Hashtag: #KnowYourCustomer

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About DBS Bank (Hong Kong) Limited

DBS is a leading financial services group in Asia with a presence in 19 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank’s “AA-” and “Aa1” credit ratings are among the highest in the world.

Recognised for its global leadership, DBS has been named “World’s Best Bank” by Global Finance, “World’s Best Bank” by Euromoney and “Global Bank of the Year” by The Banker. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “World’s Best Digital Bank” by Euromoney and the world’s “Most Innovative in Digital Banking” by The Banker. In addition, DBS has been accorded the “Safest Bank in Asia” award by Global Finance for 17 consecutive years from 2009 to 2025. In 2026, DBS won the “Triple A award – Best Digital Customer Onboarding Experience – Hong Kong”

DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets.

DBS is committed to building lasting relationships with customers, as it banks the Asian way. Through the DBS Foundation, the bank creates impact beyond banking by uplifting lives and livelihoods of those in need. It provides essential needs to the underprivileged, and fosters inclusion by equipping the underserved with financial and digital literacy skills. It also nurtures innovative social enterprises that create positive impact.

With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. For more information, please visit www.dbs.com.

About Know Your Customer Limited

Know Your Customer Limited is an award-winning RegTech company specialised in next-generation business verification solutions for financial institutions and regulated organisations worldwide. For teams struggling with inefficient client due diligence and onboarding processes, Know Your Customer offers an intuitive digital compliance workspace that combines unmatched real-time registry data, covering over 140 countries, seamless integrations, and AI-powered smart automation. This streamlined approach transforms the compliance function at its core, allowing customers to customise their solutions by selecting only the functionalities they need, all accessible via a robust REST API.

Founded in Hong Kong in 2015, with a local presence in Singapore, Dublin, London, and Shanghai, Know Your Customer has built a global customer base across 11 verticals and 18 jurisdictions. The company also maintains a wide network of technology and data partners, ensuring high-quality entity data and enhanced compliance processes for its customers.

For more information visit https://knowyourcustomer.comor follow Know Your Customer Limited on LinkedIn or X.

A major highlight was the prestigious Asia-Pacific Association for International Education (APAIE) 2026 Conference and Exhibition, which ranks among the world’s top three international higher education conferences. The event attracted over 3,500 leading international education professionals to explore the latest trends and critical issues in higher education.

Speaking at the opening ceremony of APAIE 2026, the Hong Kong Special Administrative Region (HKSAR)’s Secretary for Education, Dr Christine Choi said, “To further promote higher education in Hong Kong to the world, we are dedicating this week as the ‘Study in Hong Kong’ Week, during which we will share our success stories and connect more closely with partners worldwide.”

“Under the “one country, two systems” principle, Hong Kong enjoys the distinctive advantages of being part of China with strong support from our Motherland and at the same time being centrally located in Asia.

“Our universities are globally recognised, with five of them within the world’s top 100 and Asia’s top 20. Hong Kong claimed all top four spots in the ranking of the world’s most international universities last year. Indeed, one in every four of our students come from outside Hong Kong. The proportion is even higher for academic staff, with around 70 per cent from elsewhere.”

Held under the theme “Asia-Pacific Partnerships for the Global Good”, APAIE 2026 featured pre-conference workshops, summit forums, keynote speeches, and exchange activities.

Dr Choi met with education officials and representatives from various regions on international education development trends and co-operation. She held separate meetings with the State Secretary of the Ministry of Education, Research, Development and Youth of the Slovak Republic, Mr Róbert Zsembera, and the Director General of the International Cooperation Department of the Ministry of Education and Training of Vietnam, Dr Nguyen Thu Thuy, to exchange views on the development, co-operation, and promotion of international higher education.

Dr Choi also toured the “Study in Hong Kong” Pavilion, where she learned about the promotional efforts of University Grants Committee (UGC)-funded universities and how they expand international networks to recruit students from various regions for study and exchange in Hong Kong. She also visited other booths at the exhibition, exchanging views on higher education development with representatives from various countries and regions.

Dr Choi noted that Hong Kong, as Asia’s world city, possesses advantages in global connectivity, world-class infrastructure, and rich cultural experiences that attract outstanding talent.

During the Week, UGC-funded universities hosted campus tours, allowing overseas guests to experience first-hand the fusion of diverse cultures from different regions. Universities also organised student exchange activities to foster friendships among international students from different regions, deepen their understanding of Hong Kong, and help them better integrate into local campus life.

“While Hong Kong is highly popular among students from the Chinese Mainland, those from other parts of the world, especially in the Association of Southeast Asian Nations (ASEAN) and Belt and Road countries or regions, have increased significantly in recent years,” Dr Choi said.

“As we welcome more non-local students to our schools and universities, we hope Hong Kong can serve as a springboard for them to engage with the Chinese Mainland and the wider Asia-Pacific, and as a pathway to widen collaborations across this vibrant region.”

Hashtag: #hongkong #brandhongkong #asiasworldcity #StudyinHongKong #Asia-PacificAssociationforInternationalEducation #APAIE

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The yuan rebounded in both onshore and offshore trading after the People’s Bank of China lifted its daily midpoint setting by the largest margin in more than six months. The central bank fixed the yuan at 6.9088 per dollar, roughly 148 pips firmer than the previous guidance level, a move interpreted by traders as a deliberate effort to anchor expectations following two sessions of depreciation.

China operates a managed floating exchange rate system in which the yuan is permitted to trade within a band of two per cent above or below the daily midpoint set by the central bank. The fixing therefore serves as a powerful signal to markets about the authorities’ preferred direction for the currency.

Following the adjustment, the onshore yuan strengthened to around 6.88 per dollar during Asian trading hours, while its offshore counterpart posted similar gains. Currency dealers said the stronger guidance helped calm investors after geopolitical tensions and shifts in global risk sentiment had unsettled foreign-exchange markets earlier in the week.

Prior to the short-lived decline, the yuan had been on a sustained upward trajectory for several months, supported by a weaker US dollar, resilient export performance and continued capital inflows into China’s financial markets. The currency reached its strongest level since April 2023 during that rally, prompting concerns among policymakers that rapid appreciation could erode exporters’ competitiveness.

Authorities have responded with a series of calibrated measures aimed at smoothing the pace of currency gains rather than reversing them entirely. Among the most notable steps was the decision to remove a 20 per cent risk-reserve requirement on certain foreign-exchange forward contracts, effectively lowering the cost of betting against the yuan and encouraging market participants to buy dollars.

Analysts say such adjustments illustrate the central bank’s balancing act between maintaining exchange-rate stability and allowing market forces to play a greater role. Officials have repeatedly emphasised the importance of preventing excessive volatility while ensuring the currency reflects underlying economic fundamentals.

Currency strategists note that Beijing has a wide toolkit for influencing the yuan’s trajectory. These tools include modifying the daily reference rate, adjusting foreign-exchange reserve requirements for banks, and guiding state-owned financial institutions to participate in the market when volatility intensifies.

Despite the latest intervention through the midpoint setting, the fixing remained weaker than many market forecasts, highlighting the cautious stance adopted by policymakers. The approach suggests authorities are comfortable with moderate appreciation but wary of rapid movements that could unsettle financial markets or complicate domestic economic management.

China’s export-oriented companies have been particularly sensitive to exchange-rate fluctuations. A stronger yuan reduces the value of overseas earnings when converted into the local currency, potentially squeezing margins for manufacturers and technology firms whose revenues are denominated largely in dollars.

Market participants say the central bank’s latest move aims to reinforce stability while avoiding a signal that authorities intend to drive the currency significantly higher. Such signalling is important in an environment where global investors remain alert to geopolitical developments and shifts in US monetary policy.

The broader international context has also played a role in shaping currency movements. Escalating tensions in the Middle East have fuelled demand for traditional safe-haven assets, including the US dollar, prompting fluctuations across major currency pairs. For China, which relies heavily on imported energy, volatility in global markets can quickly translate into financial-market turbulence.

Attention among investors is now turning to the annual meetings of China’s national legislature and political advisory body, where policymakers are expected to outline economic priorities for the year ahead. The gatherings typically provide guidance on growth targets, fiscal policy and structural reforms that influence expectations for the yuan and other financial assets.

Economists are closely watching signals on monetary policy as well. Some analysts anticipate modest policy easing in the months ahead, including a potential reduction in benchmark lending rates and a cut to banks’ reserve requirement ratios aimed at supporting domestic demand.

“Effective execution of our strategy drove strong financial performance and higher shareholder returns in 2025, despite a challenging retail environment. Our significant progress made in portfolio simplification creates investment capacity for strategic priorities, enabling greater value for our customers and accretive inorganic opportunities to drive sustainable growth and returns.”

Lincoln Pan

Chairman

DFI RETAIL GROUP HOLDINGS LIMITED

PRELIMINARY ANNOUNCEMENT OF RESULTS

FOR THE YEAR ENDED 31 DECEMBER 2025

INTRODUCTION

It is my honour and privilege to join DFI Retail Group (‘DFI’ or the ‘Group’) as Chairman of the Board, supporting Group Chief Executive, Scott Price, and his leadership team in executing its strategic priorities and delivering shareholder returns. On behalf of the Board, I would also like to express our gratitude to John Witt for his invaluable contributions to DFI over many years.

As Asia’s leading multi-format retail platform, DFI has a unique set of assets – strong customer trust, an extensive store network across markets, deep data insights from a powerful loyalty programme, and a strengthening Own Brand portfolio – that will serve as a foundation for growth over the coming years.

Amid macroeconomic volatility and evolving consumer needs, the Group has been responding effectively through a stronger value proposition and enhanced omnichannel capabilities. This strategy is yielding early and encouraging results, demonstrated by a 35% increase in underlying profit in 2025. We remain particularly optimistic about the growth prospects in Health & Beauty and Convenience, as well as the opportunities emerging in digital.

I am confident that under the capable leadership of Scott and his team, DFI will continue to deliver retail excellence to customers across Asia while driving long-term value creation and growth.

Under a new 70% dividend payout policy announced in December 2025, the Board recommends a final dividend of US¢10.50 per share (2024 final dividend: US¢7.00).

STRATEGIC HIGHLIGHTS

Over the course of 2025, the Group executed effectively against its strategic framework of Customer First, People Led, Shareholder Driven. This approach enables DFI to navigate market challenges while capturing opportunities that build on its strong platform for sustainable growth.

The retail landscape is rapidly evolving, driven by shifting consumer behaviour and digitalisation. The Group remains focused on strategic priorities that place customers first – delivering quality, value and convenience in everyday moments. Across its businesses, the Group made good progress in strengthening value propositions, expanding customer reach in growth markets, driving deeper customer engagement with data-driven insights and accelerating digital monetisation. These initiatives enhance its ability to better serve customers and supplier partners while delivering returns to shareholders.

Investing in talent development remains at the top of the agenda. During the year, the Group achieved an improved team member engagement score. Inclusive leadership, a purpose-driven culture and engaged team members are critical to driving stronger performance and delivering exceptional customer experience. In parallel, the Group continues to enhance its organisational agility in meeting customer needs while reducing overhead costs.

In 2025, the Group completed the divestments of minority stakes in Yonghui and Robinsons Retail, as well as Singapore Food business, enabling reinvestment in subsidiary businesses and strategic priorities with stronger growth and return potential. This approach, combined with a sharpened business focus and a strengthened balance sheet, delivered a total shareholder return exceeding 90% in 2025, including the distribution of a US$600 million special dividend in October.

PROSPECTS

Transformation is an ongoing journey for today’s retailers. Serving diverse communities across Asia, where economic conditions and consumer expectations vary widely, the Group must stay agile and locally relevant guided by a customer-first mindset and a disciplined focus on growth opportunities that further build on its competitive advantages. Over the year, DFI has invested in delivering better outcomes for customers through price reinvestment, Own Brand innovation, omnichannel expansion and data-driven personalisation – focus areas that will remain central to its growth plans in the years ahead. An expanded digital ecosystem also unlocks new avenues to drive deeper value for supplier partners and enhance shareholder returns.

I would like to end by expressing the Board’s appreciation to our team members. We could not be more proud of the work they have done over the year, particularly in responding to the deeply tragic Tai Po fire in Hong Kong. Their unwavering dedication to serving our customers across Asia is what will continue to drive our business forward and build long-term value for shareholders.

Lincoln Pan

Chairman

GROUP CHIEF EXECUTIVE’S REVIEW

INTRODUCTION

We are pleased to close 2025 on a strong note, with underlying profit attributable to shareholders up 35% year-on-year to US$270 million, reaching the high end of our guidance range. This strong performance was driven by a recovery in LFL subsidiary sales, improved margins and proactive portfolio actions, including the divestment of our minority stake in Yonghui.

Customers across Asia, including in our home market of Hong Kong, are increasingly seeking quality and convenience at great value. While macro challenges remain, we are encouraged to see early signs of recovery in key retail segments, including 3% growth in health and beauty sales in Hong Kong, supported by a 12% increase in tourist arrivals. As Asia’s leading multi-format omnichannel retail platform, we are uniquely positioned to meet customers’ evolving needs effectively across all channels through relevant and compelling customer propositions.

With a renewed focus on balancing profitability with capital discipline, the Group ended the year in a net cash position, after distributing a US$600 million special dividend, and delivered a significantly improved return on capital employed (ROCE) of 9.4%. Our strengthened balance sheet allows us to reinvest for growth as we deepen our focus on higher-return subsidiary businesses and strategic priorities that sustain value creation for shareholders. For the full year 2025, we returned a total of approximately US$740 million to shareholders, including the special dividend.

In December, we held our inaugural Investor Day where DFI announced a new dividend policy with an increased payout ratio of 70%. Dividends paid during the year, combined with a share price increase of more than 70%, resulted in a total shareholder return exceeding 90% in 2025. We also outlined our three-year plan for realising our financial ambitions and accelerated growth goals, including a target of US$310-350 million in underlying profit (representing 11% CAGR at the mid-point compared to 2025¹) and an improved ROCE of at least 15% by 2028.

As we enter the new financial year, we remain firmly focused on executing our strategic priorities to drive sustained, profitable growth.

STRATEGIC DELIVERABLES – KEY PROGRESS

Over the past year, we have made significant progress in our transformation from a portfolio business into a strategically focused operating company. We have been advancing our strategy across five key deliverables to create greater value for our customers, supplier partners and shareholders.

Retail Excellence

By delivering best-in-class customer propositions, we see a wide range of opportunities for driving higher store sales density and market share gain across all business segments.

Health & Beauty

Mannings and Guardian continue to strengthen their position as the trusted advisor for wellness, unlocking strong cross-category growth opportunities through an assortment with high functional value across supplements, derma skin care and hair care. Customers across Asia are increasingly shifting to retailers that best fulfil their broad, diverse and unique wellness goals. Our technology-enabled personalised services – including skin, scalp and health assessments – drive higher purchase conversion and basket size by deepening customer understanding of their wellness needs. These capabilities will be expanded to 25% of our Health & Beauty store network to enhance our competitive differentiation and leadership in wellness.

Convenience
7-Eleven is broadening its shopper missions towards higher-margin, non-cigarette categories with a strategic focus on ready-to-eat (RTE) offerings, which accounted for 24% of Convenience sales in 2025. Across markets, consumers are seeking more convenient, high-quality and value-driven meal solutions. The expansion of Food Bars to 1,250 locations in South China and the rollout of RTE-focused store revamp across the entire Hong Kong network by 2028 will further strengthen 7-Eleven’s RTE proposition.

Food

Given consumers’ pivot towards value, continued northbound travel and increasing competition from Chinese mainland e-commerce platforms, the Wellcome team has focused on enhancing food basket value for customers by advancing our Everyday Low Price strategy. Investment in reduced pricing through strategic direct sourcing of core basket items, particularly in fresh, has resulted in a 2% growth in volume driven by higher footfall and increased items per basket. Direct sourcing allowed us to reduce prices while protecting gross profit, resulting in a 30-basis point gross margin improvement. These efforts further supported the narrowing basket price gap compared to the Greater Bay Area to a currently low single-digit price difference².

Home Furnishings

Similar to Food, IKEA has focused on enhancing its affordability and accessibility by reinvesting in the pricing of high-volume products, broadening the range of entry price points, rationalising the tail of slow-selling assortment, and further expanding digital touchpoints through third-party marketplaces. We are also strengthening IKEA Food as a key draw for customers seeking exciting and affordable food experiences as part of their store journey. These efforts are supported by significant cost transformation initiatives across our operating markets.

Own Brand

Our reset in Own Brand strategy across Food and Health & Beauty is driving higher customer loyalty and sales penetration through greater exclusivity and value. By refining our product range to align closely with customer needs and maximising cross-selling across our formats, we achieved meaningful improvements in margins and sales productivity.

Access to Customers

We continue to strategically expand our network in high-growth, profitable markets, primarily through a capex-light franchise model, with 114 net new openings³ in 2025. In particular, we will deepen 7-Eleven’s presence in Guangdong province to around 2,400 stores and expand Guardian’s footprint in Indonesia to approximately 750 stores by 2028.

Omnichannel and Data Ecosystem

DFI’s expanded omnichannel ecosystem is elevating our relevance and engagement with customers, providing us deep data insights across daily consumer needs that few peers in Asia can match. This ecosystem now allows our customers to engage with DFI brands across more than 90 digital channels, including apps, websites, third-party marketplaces, quick-commerce partnership with food delivery platforms and click-and-collect services. Our strengthened digital proposition was underpinned by a 140-basis point increase in online sales penetration to 6.4%⁴ as at year-end 2025, with order volume more than doubled year-on-year. Our overall digital ecosystem, comprising e-commerce, retail media, insights monetisation and yuu, continues to drive improved financial returns for the Group.

Retail Media (DFIQ Media)

Positioned to become Asia’s leading omnichannel retail media network, DFIQ Media offers a differentiated online and offline advertising proposition, enabling brands to execute cross-format campaigns through our digital assets and more than 10,000 in-store digital screens across markets. DFIQ Media delivered strong sales growth, albeit from a low starting base, achieving a fourfold increase in revenue over 2024, supported by proprietary data insights from over 7 million monthly active users across our growing digital portfolio.

DFIQ Portal

We aim to empower our supplier partners with actionable insights that drive greater business impact and better outcomes for customers. The DFIQ Portal – a vendor platform combining DFIQ Media, DFIQ Insights and trade capabilities – was launched in December 2025, providing suppliers real-time access to critical analytics that enables optimised inventory management and more effective strategic planning.

Retail Analytics

Leveraging cross-format data insights from over 5 million yuu Rewards members in Hong Kong, we continue to enhance our assortment and promotional decisions to help expand both in-store sales and gross profit.

Lean & Agile Model

Maintaining a lean and agile operating model is essential to ensuring efficient decision-making in a rapidly evolving retail landscape. Continued cost optimisation and better product sourcing will support both strategic price reinvestment and sustainable margin expansion in the coming years. Overhead reductions are expected to translate into lower SG&A costs beginning 2026. We remain disciplined in capex, driving network growth primarily through a franchise model with a strong focus on paybacks.

Strategic pivot from portfolio to a focused operating company

We conduct strategic reviews of our businesses guided by return on capital and total shareholder return priorities. During the year, we completed the divestment of our minority stakes in Yonghui and Robinsons Retail, as well as our Singapore Food business, generating total gross proceeds of approximately US$1 billion in cash consideration. In line with our capital allocation priorities, these proceeds were redeployed towards debt repayment, resulting in a net cash position of US$70 million as at year-end 2025. In addition, a special dividend of US$600 million was distributed to shareholders in October 2025. The Group remains focused on maximising total shareholder return while maintaining strategic flexibility for inorganic growth opportunities that are accretive to long-term shareholder value.

2025 PERFORMANCE

Total revenue from subsidiaries in 2025 was US$8.9 billion, up 1% on a LFL basis, excluding cigarettes. Organic revenue, excluding divested businesses⁵ for the comparable period, grew 0.5%. Strong sales growth in the Health & Beauty division was offset by lower contributions from other segments.

Excluding the impact of the minority stake divestments in Yonghui and Robinsons Retail completed in 2025, total revenue for the Group, including 100% of associates and joint ventures, remained broadly stable.

The Group reported total underlying profit attributable to shareholders of US$270 million for the year, up 35% year-on-year. This was supported by improved profitability from subsidiary businesses, lower financing costs and higher underlying profit from associates following the divestment of Yonghui.

Underlying profit from subsidiaries was US$183 million, 15% higher than the prior year. This was driven by strong Health & Beauty performance in addition to earnings recovery in Singapore Food and Home Furnishings segment, partially offset by lower contribution from Convenience due to reduced cigarette volume.

The Group’s share of underlying profit from associates was US$88 million, an improvement of US$45 million compared to the prior year, primarily due to the divestment of minority stake in loss-making Yonghui and higher contribution from Maxim’s as a result of improved mooncake sales and restaurant performance in Southeast Asia. Despite challenging trading conditions in Hong Kong and Chinese mainland, Maxim’s delivered profit growth in these regions through cost optimisation.

The Group reported operating cash flow after lease payments of US$430 million, 30% higher than the prior year, supported by underlying operating profit growth. Free cash flow⁶ for the period was US$281 million, up 78% year-on-year. As at 31 December 2025, the Group’s net cash was US$70 million, compared to US$468 million net debt at 31 December 2024.

SUSTAINABILITY

We remain firmly committed to our purpose to sustainably serve Asia for generations with everyday moments – with a focused, balanced, collaborative approach taking into account the macroeconomic environment and consumer sentiment. We are driving progress on our pathway to reduce our Scope 1 and 2 emissions by 50% by 2030 from a 2021 baseline, with our targeted investments in refrigerant emissions management, energy efficiency, and behaviour-change initiatives across our operations gaining momentum throughout the year. From 2025 to 2030, we will further increase the share of renewable energy use in our portfolio, helping to accelerate the energy transition in the key markets where we operate.

As advocates for our customers and the communities we serve, we are committed to delivering affordable, sustainable products. In 2025, we delivered 380 tonnes of Own Brand low-carbon rice to our Hong Kong markets and added multiple products through our Grounds to Green programme to our 7-Eleven RTE range. These award-winning initiatives demonstrate our ability to anticipate customer expectations and deliver on market demands. We maintained strong discipline in waste and packaging management, keeping us on track to meet our 2030 targets.

BUSINESS REVIEW

HEALTH AND BEAUTY

Sales for the Health and Beauty division grew 7% year-on-year or 5% on an LFL basis to US$2.6 billion. Underlying operating profit was US$228 million for the year, representing an increase of 8% compared to 2024.

Both Mannings and Guardian achieved strong LFL sales performance, supported by growing wellness sales penetration towards the mid-term target of over 35%. To further strengthen our leadership in wellness – a cross-category opportunity spanning health, beauty and personal care – Mannings and Guardian complemented their wellness-focused assortment with in-store health, skin and scalp assessments in selected outlets. Our personalised consultations and tailored product recommendations deepen our engagement with customers, supporting larger basket sizes and higher purchase conversion.

Hashtag: #DFIRetailGroup #Mannings #Guardian #7-Eleven #Wellcome #MarketPlace #IKEA #yuu #Maxim’s

The issuer is solely responsible for the content of this announcement.

DFI Retail Group