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South Korea is weighing whether to extend car-use restrictions beyond the public sector as oil prices climb sharply, a step that would amount to the country’s first nationwide driving curbs since the 1991 Gulf War if it is applied broadly to the public. Finance Minister Koo Yun-cheol said wider restrictions could come into play if crude prices rise into a $120-$130 a barrel range, up from about $100-$110 now, as Seoul tries to contain fuel demand and cushion the economic shock from turmoil in the Middle East.

The discussion marks an escalation from measures already in force. Public institutions are operating under a five-day vehicle rotation system, while large companies including Samsung Electronics and SK Group have begun urging staff to cut private car use, reduce parking demand and adopt other energy-saving practices. Officials have also left open the possibility of further fuel-tax relief to soften the burden on households and businesses, though no final decision has been announced on compulsory curbs for private motorists.

At the centre of Seoul’s concern is its exposure to imported energy. About 70% of South Korea’s oil imports come from the Middle East, leaving the country highly sensitive to any disruption in supplies or shipping routes. The government raised its crude oil supply disruption alert to Level 2 on March 18 as tensions mounted, signalling a more serious official assessment of the risks facing one of Asia’s largest energy importers.

The external shock has been severe. Reuters reported that Brent crude climbed to nearly $115 a barrel over the weekend and above $116 on Monday, putting it on course for its biggest monthly jump on record, while US crude also surged past $100. The rally has been driven by a widening conflict linked to Iran and growing anxiety over disruptions around the Strait of Hormuz, a vital artery for global oil flows. That backdrop has sharpened pressure on Asian economies that rely heavily on imported fuel, with South Korea among the most exposed.

For policymakers in Seoul, the issue is no longer only about fuel bills. Higher oil prices threaten to spill into inflation, transport costs, industrial input prices and consumer sentiment. A Reuters poll published on Monday projected that South Korea’s imports rose 18% in March, the fastest pace since September 2022, largely because of elevated oil prices, even as exports remained buoyant on strong semiconductor demand. That split picture captures the dilemma facing the government: trade performance is being helped by chips and artificial intelligence-linked demand, but the economy’s dependence on imported energy is pushing up costs and widening vulnerability.

President Lee Jae Myung has responded by urging a nationwide energy-saving drive, while Energy Minister Kim Sung-whan has pushed demand management and warned against panic behaviour. The government has promoted 12 power-saving practices, from shorter showers to shifting electricity use away from peak hours, and has also moved to restart several nuclear reactors, loosen coal plant restrictions and expand renewable energy to offset pressure on gas imports. The mix underlines how Seoul is trying to balance short-term crisis management with longer-term energy security, even as those goals can pull in different directions.

That tension is visible in the broader regional response. Across Asia, governments are looking again at emergency stock releases, fuel-saving directives and, in some cases, greater coal use to bridge supply gaps. Analysts say such measures may shield economies from the immediate shock, but they also expose how quickly climate and transition goals can be tested when energy security comes under strain. In South Korea’s case, the administration’s public emphasis on renewables sits alongside plans to lean harder on nuclear and coal generation if needed.

The market fallout has already been visible in financial assets. South Korean equities were hit as investors fled Asian markets on fears of a prolonged oil shock, though some analysts argue the sell-off has reflected panic rather than a collapse in fundamentals. Technology and industrial names remain central to the country’s earnings outlook, but energy-intensive sectors face a tougher operating environment if high crude prices persist or if physical shortages emerge.

Hong Kong Institute of Vocational Education (Shatin), St. Paul’s College, Tai Po Old Market Public School Crowned Champions with St. Paul’s Convent School Named Most Active Participant

HONG KONG SAR – Media OutReach Newswire – 30 March 2026 – Samsung ‘Solve for Tomorrow,’ a global inter-school technology competition operating in 68 countries, has been held in Hong Kong since 2013, empowering youth to address social and global challenges through innovation. This year, two core themes guided participants: Topic 1: Environmental Sustainability via Technology — Create sustainable solutions to protect our planet via AI, and Topic 2: Social Change through Sport & Tech: For Better Futures — Harness the power of AI technology and sports to open new opportunities. Both themes rigorously challenged students to innovate beyond traditional boundaries, leveraging AI and cutting-edge technologies to develop creative, practical solutions to complex societal issues and actively shape a better future.

Running from September 2025 to March 2026, the competition, co-organized by AiTLE and fully backed by the HKSAR Education Bureau’s ‘Business-School Partnership Programme’ and Hong Kong Education City, attracted over 250 teams from 100 tertiary, secondary and primary schools. Each team demonstrated unique technological approaches to tackle pressing social issues.

Yiyin Zhao, Managing Director, Samsung Electronics H.K. Company, Limited, stated: ‘Samsung has always believed technology is not merely a tool for changing lives, but a vital force driving social progress. ‘Solve for Tomorrow’ empowers young people to leverage creative thinking and technology to address real-world needs and challenges. It’s more than a competition; it’s a journey of innovative exploration that nurtures and empowers the younger generation. The widespread adoption of AI, in particular, presents unprecedented opportunities for innovation. This year, we were delighted to see students actively using AI and diverse technological solutions across the community, environment, sports, and sustainability, submitting outstanding, inspiring, and practical work. This truly demonstrates the remarkable creativity, keen observation, and effective problem-solving skills of Hong Kong’s youth.”

Samsung Nurtures Tomorrow’s Tech & Innovation Leaders
She also hopes the competition will encourage more students to step out of their comfort zones: “Beyond stimulating creativity and developing innovative solutions, we aim to cultivate critical skills: problem-solving, critical thinking, teamwork, and communication. This equips students to navigate the challenges of our rapidly evolving intelligent era confidently. We believe this competition will discover and cultivate the next generation of innovation and technology talent, contributing significantly to both Hong Kong’s and global innovation.

Samsung Solve for Tomorrow extends beyond monetary rewards, actively aligning with the Education Bureau’s ‘Business-School Partnership Programme’ to provide invaluable hands-on experience. Tertiary champions secure corporate internships, while secondary champions and first runners-up gain critical work experience, preparing them for future careers. The competition ignites students’ passion for technology and STEM, building a robust foundation for their innovation journeys and continually inspiring alumni to pursue pioneering solutions.

Final Awards Reveal Extraordinary Creativity
After the initial judging round, 95 outstanding projects advanced. They then refined their innovative solutions in Design Thinking workshops and through expert guidance. The judging panel then selected the nine finalists—the top three teams from each category, who will present their detailed project concepts and results, vying for the ultimate recognition.

Tertiary Category Champion “AquaPulse” – Developed by the Hong Kong Institute of Vocational Education (Shatin), AquaPulse is an AI coastal protection system powered by continuous 24/7 tidal and solar energy with integrated storage. It reliably detects abnormalities such as falling into the sea, even at night or in adverse weather, using millimeter-wave radar and AI vision. Upon detection, it instantly notifies rescue teams via lamppost positioning, significantly shortening response times. AquaPulse also monitors environmental data, aiming to create safer, more sustainable waterfronts for Hong Kong.

Secondary Category Champion “Plastine” – Developed by St. Paul’s College, Plastine is a solar-powered microplastic removal system for freshwater environments. It utilizes advanced electrocoagulation with aluminum electrodes to aggregate microplastics for efficient filtration and collection. Combining IoT sensors and AI algorithms, Plastine intelligently identifies optimal deployment locations. Focused on Hong Kong’s microplastic-rich rivers, it purifies water, safeguards public health, and restores aquatic ecosystems.

Primary Category Champion “Yoga 24 Go!” Wellness Exercise App – Developed by Tai Po Old Market Public School, “Yoga 24 Go!” is an innovative wellness application. It intelligently integrates the health wisdom of Traditional Chinese Medicine’s 24 solar terms with the body’s 12 meridians. Guiding users through specific yoga poses for each solar term, the app promotes “seasonal wellness” by targeting health goals such as nourishing the liver in spring, the heart in summer, the lungs in autumn, and the kidneys in winter

Award List (for details, please refer to the appendix):

Hashtag: #Samsung #SolveforTomorrow

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About Samsung Solve for Tomorrow

Samsung Solve for Tomorrow is an annual competition that brings together the creativity and passion for new technologies of young people around the world to solve social problems in local communities. In 2013, Samsung introduced this meaningful event to Hong Kong, inspiring tens of thousands of students to develop innovative solutions to address social issues in the City. Samsung is promoting the new educational philosophy of STEM. Besides encouraging Hong Kong students to deepen their knowledge of STEM – Science, Technology, Engineering and Mathematics – Samsung hopes that they can develop empathy and a sense of responsibility and apply their STEM knowledge to contribute to society. Through the competition, Samsung hopes to cultivate tomorrow’s thought leaders, equipping them with both technological knowledge and a sense of responsibility as global citizens. To learn more about Samsung Solve for Tomorrow, please visit: https://hkclubs.samsung.com/hk/offer/solvefortomorrow2025/

About Samsung Electronics Co., Ltd.

Samsung inspires the world and shapes the future with transformative ideas and technologies. The company is redefining the worlds of TVs, smartphones, wearable devices, tablets, home appliances, network systems, memory, system LSI, foundry and LED solutions, consistently elevating their performance and innovation to new heights. For the latest news, please visit the Samsung Newsroom at http://news.samsung.com/.

In 2026, Joining Hands with the Hong Kong Chinese Orchestra to Present Light and Shadow on Strings

HONG KONG SAR – Media OutReach Newswire – 27 March 2026 – Co-presented by the Hong Kong Arts Festival and The Hong Kong Jockey Club Charities Trust, “No Limits” 2026 will collaborate for the first time with Hong Kong Chinese Orchestra (HKCO) to jointly present Light and Shadow on Strings. The concert will be held on 28 March 2026 (Saturday) at 3pm at the Tsuen Wan Town Hall Auditorium. Featuring a 50-member HKCO ensemble alongside rising erhu star Yang Enhua, the performance brings together solo, chamber and orchestral works in a celebratory programme of Chinese music, showcasing the artistic synergy that emerges when musicians of diverse abilities share the same stage.

The concert is one of the major programmes of “No Limits” 2026 and marks HKCO’s inaugural participation in this inclusive festival, representing a significant step forward in advancing inclusive arts within Hong Kong’s mainstream cultural landscape.

Rupert Woo Pak-tuen, Associate Conductor of HKCO and Resident Conductor of the Hong Kong Young Chinese Orchestra, will lead the ensemble and Yang Enhua in a selection of orchestral works. These include the huqin quartet Ru-Meng-Ling, the five-piece combo Autumn Moon on a Placid Lake, and the string quintets Three Variations on Yangguan and A Joyful Evening. The programme also features Tam Yat-sing’s Eternal Night, which was named the Audience’s Favourite at HKCO’s 2023 Music from the Heart concert. Through diverse ensemble formations, the performance weaves a richly layered world of Chinese music, revealing both the delicacy and dynamism of Chinese music through refined musical dialogue.

Yang Enhua will perform three solo works: Dishui Nanyin Words of the Blind, recognised as part of Hong Kong’s Intangible Cultural Heritage; Sun Wenming’s renowned Farewell; and Hua Yanjun (Ah Bing)’s iconic Reflection of the Moon on the Water. Through nuanced expression and tonal depth, these works embody both the inheritance and innovation of traditional Chinese music, conveying resilience and dignity of spirit amid adversity.

The concert will also present the world premiere of Luminous Sound Journey, a newly commissioned work by cross-disciplinary composer Luk Wai-chun, commissioned by “No Limits” and HKCO. Inspired by the sensory experiences of visually impaired individuals in perceiving light and sound, the piece intertwines sonic and visual imagination, guiding audiences into a musical journey that transcends perception and expectation.

Co-produced by “No Limits” and HKCO, Light and Shadow on Strings marks an important milestone in the journey of inclusive arts towards the mainstream stage.

Eddy Zee, Project Director of “No Limits”, said: “Light and Shadow on Strings is an important embodiment of No Limits’ commitment to advancing inclusive arts into the mainstream. The collaboration between Hong Kong Chinese Orchestra and erhu soloist Yang Enhua demonstrates how the spirit of inclusion can be realised on the foundation of professional artistic excellence, revealing the distinctive creative energy that emerges when mainstream musicians and artists of diverse abilities come together.”

Dr Chin Man-wah, Executive Director of the Hong Kong Chinese Orchestra, said: “There are multiple perspectives when it comes to defining the success of a social care project; it is not just about the audience attendance rate, but more importantly about the cultivation of talent, the accumulation of experience, and the establishment of mindsets.”

Rupert Woo Pak-tuen, Associate Conductor of the Hong Kong Chinese Orchestra and Resident Conductor of the Hong Kong Young Chinese Orchestra said: “Light and Shadow on Strings reveals the rich layers of Chinese music, from the subtle intimacy of solo passages to the powerful resonance of ensemble works. Through this collaboration, we hope audiences can experience the music’s purity of tone, its striking contrasts, and the profound emotional intensity it carries. This programme serves to illustrate our vision of harmony in diversity and our unwavering commitment to inclusion.”

Yang Enhua said:”Music has always been my bridge to the world, leading me beyond the boundaries of visual impairment. Through this performance, I hope to show how sound carries emotion and imagination, and to embrace the diverse ways we all perceive the world. I truly value this collaboration with No Limits and Hong Kong Chinese Orchestra. Their professionalism and trust have allowed us to create and share the sincere power of music on equal ground.”

Light and Shadow on Strings is the closing programme of the eighth edition of No Limits. For details, please visit: www.nolimits.hk.

Hashtag: #NoLimits

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

About “No Limits”

Launched in 2019 and co-presented by the Hong Kong Arts Festival and The Hong Kong Jockey Club Charities Trust, “No Limits” offers barrier-free performances and events and explores and promotes inclusiveness and understanding through the arts.

Every year from February to March, “No Limits” showcases a series of fascinating programmes of music, dance, theatre and film by international and Hong Kong artists of different abilities. It also presents free film screenings as well as education and community programmes including an international symposium.

“No Limits” is committed to provide accessible in-venue performances and programmes for people with different abilities, highlighting creativity and talent in a variety of forms, spreading the message of inclusion to the society.

For more information about “No Limits”, please visit https://www.nolimits.hk.

About Hong Kong Chinese Orchestra

Founded in 1977, Hong Kong Chinese Orchestra is often invited to perform at famous venues and festivals all over the world, having covered Europe, North America, Asia, Australia and the Arctic Circle to date. It is therefore acclaimed as a leader among full-sized Chinese music ensembles in the international arena today. The Orchestra is set up in four sections: bowed-strings, plucked-strings, wind and percussion. The instruments include both the traditional and the improved, new versions: the bowed-string section has been using the Eco-Huqin series developed by the Orchestra since 2009. HKCO performs both traditional Chinese music and contemporary, full-length works in a variety of musical formats and contents. It also explores new frontiers in music through commissioning over 2,400 new works of various types and styles, whether as original compositions or arrangements.

About Yang Enhua

Yang Enhua began learning erhu at the age of 12, and has over fifteen years’ experience studying under Zhao Yijun, Gan Bolin, Li Aping, Peng Cheng, and Mao Qinghua of Hong Kong Chinese Orchestra. In 2022, Yang won the VSA International Young Soloists Competition and performed at the Kennedy Center, USA. In 2024, he performed in Seoul and ranked fourth in Korea’s first International Visually Impaired Solo Competition. In 2025, he won the Silver Award at the Singapore International Solo and Chamber Music Competition (Chinese Music category), and received a top ten award at the Danny Awards and the Special Grand Prize at the World Chinese Music Competition. Yang is committed to promoting musical inclusion, supporting employment for people with disabilities, and connecting communities through music. He is currently pursuing an undergraduate degree at the Hong Kong Academy for Performing Arts, supported by the Lee Hysan Scholarship.

About the Hong Kong Arts Festival

Launched in 1973, the Hong Kong Arts Festival is a major international arts festival committed to enriching the cultural life of the city. In February and March every year, the Festival presents leading local and international artists from all genres of the performing arts, giving equal importance to great traditions and contemporary creations. The Festival also commissions and produces work in theatre, music, chamber opera and contemporary dance by Hong Kong’s own creative talents and emerging artists, many of which have subsequently had successful runs in Hong Kong and overseas. Every year, the Festival also presents more than 250 “PLUS” and educational activities that offer diverse arts experiences to the community as well as tertiary, secondary and primary school students. In addition, through the “No Limits” project co-presented with The Hong Kong Jockey Club Charities Trust, the Festival strives to create an inclusive space for people of different abilities to share the joy of the arts together.

For more information about the Hong Kong Arts Festival, please visit https://www.hk.artsfestival.org/.

Revenue Achieved Over 40% Growth Y-o-Y

Highlights:

• Revenue increased by 41.3% to approximately HK$8,572.2 million.
• Gross profit increased by 37.6% to approximately HK$486.2 million.

Financial Highlights:

HONG KONG SAR – Media OutReach Newswire – 27 March 2026 – CR Construction Group Holdings Limited (“CR Construction” or the “Company”, together with its subsidiaries, the “Group”; stock code: 1582.HK), a building contractor in Hong Kong, announced its annual results for the year ended 31 December 2025 (“FY 2025”). During FY 2025, the revenue recorded by the Group amounted to approximately HK$8,572.2 million representing an increase of approximately 41.3% as compared to approximately HK$6,066.0 million for the year ended 31 December 2024 (“FY 2024”). Profit for the year of the Group during FY 2025 was approximately HK$42.2 million.

In FY 2025, gross profit of the Group was approximately HK$486.2 million, representing an increase of approximately 37.6% as compared to approximately HK$353.2 million for FY 2024. The Group’s gross profit margin was approximately 5.7% and 5.8% for the year ended 31 December 2025 and 2024, respectively. During the Reporting Period, earnings per share of the Group was approximately HK7.84 cents (FY 2024: HK10.74 cents).

BUSINESS REVIEW
Construction Operations
As at 31 December 2025, the Group had 50 projects on hand with an aggregate original contract sum of approximately HK$32.6 billion. During FY 2025, the Group had been awarded 15 new projects with an aggregate original contract sum of approximately HK$5.6 billion and had completed 17 projects with an aggregate original contract sum of approximately HK$6.1 billion.

Building Construction Works
In FY 2025, the revenue generated from the building construction works was HK$7,697.8 million, representing an increase of approximately 42.1% as compared to approximately HK$5,414.5 million for the FY 2024. The increase was mainly due to the increase in revenue generated from new projects and existing projects during the year.

During FY 2025, the gross profit of building construction works was approximately HK$334.6 million, representing an increase of approximately HK$96.5 million as compared to approximately HK$238.1 million for FY 2024. The gross profit margin decreased slightly to approximately 4.3% (2024: 4.4%).

Repair, Maintenance, Alteration and Addition (“RMAA”)
The revenue generated from the RMAA works increased by approximately 40.4% from approximately HK$512.0 million for FY 2024 to approximately HK$718.9 million for FY 2025.

The gross profit of RMAA works was approximately HK$93.3 million, representing an increase of approximately HK$22.4 million from the gross profit of approximately HK$70.9 million for FY 2024. The gross profit margin decreased to approximately 13.0% for FY 2025. The increase in gross profit and decrease in gross profit margin was mainly due to increase in revenue from RMAA work projects with lower gross profit margin in FY 2025.

Environmental Operations
As at 31 December 2025, the Group had 8 projects with an aggregate original contract sum of approximately HK$158.4 million and 28 projects relating to service concession arrangements and operation services.

During FY 2025, the Group demonstrated its capacity for market expansion by securing its first wastewater treatment construction contract outside of Zhejiang Province in Gaoping City, Shanxi. Furthermore, the Company strategically formed a joint venture with Tiantai Construction and the Group to pursue new opportunities in environmental services and sewage treatment, thereby enhancing its existing business.

The revenue generated from the environmental operations in FY 2025 was approximately HK$155.5 million, representing an increase of approximately 11.5% as compared to approximately HK$139.5 million for FY 2024.

In FY 2025, the gross profit was approximately HK$58.3 million, representing an increase of approximately HK$14.1 million as compared to approximately HK$44.2 million in FY 2024. The gross profit margin increased to approximately 37.5% in FY 2025. This is mainly due to increase in revenue from sewage and reclaimed water treatment services, which contributed higher gross profit margin during FY 2025.

CONTRACT COSTS
The Group’s contract costs primarily consisted of subcontracting costs, material costs, direct staff costs and site overheads. The contract costs of the Group in FY 2025 were approximately HK$8,086.0 million, representing an increase of 41.5% compared to approximately HK$5,712.8 million in FY 2024, which was in line with increase in revenue, and was mainly attributable to the increase in subcontracting costs, material costs, direct staff costs and site over heads for new and existing projects in FY 2025.

TECHNOLOGICAL INNOVATION
During FY 2025, the Group placed significant emphasis on technological innovation to enhance its core competitiveness in the construction industry. The total expenditure for research and development was approximately HK$23.3 million.

The Group continued to implement its enhanced Smart Site Safety System (4S), reinforcing our safety management framework and maintain our ISO 27001 certification. The Group has also integrated a range of digital solutions – including BIM, 4S, RPA, and the MaiaAI System – into project management and daily operation, significantly improving both efficiency and safety standards. The Group’s AI Tower Crane System received with 2025 CIC Construction Innovation Award – Local Award (Construction Safety 2^nd Prize).

PROSPECTS
Subsequent to 31 December 2025, the Group has been further awarded 3 new projects relating to 1 building construction works contracts with original contract sum of approximately HK$3,590 million; and 2 RMAA works contract with an aggregate original contract sum of approximately HK$9.3 million.

The proactive measures outlined in 2025 Policy Address to accelerate infrastructure and stimulate industry growth present a significantly positive outlook for the local construction sector.

The commitment to major projects such as the Northern Metropolis, the Hong Kong-Shenzhen Innovation and Technology Park, and new transportation infrastructure is expected to generate substantial momentum for the Group’s business.

The Group will actively support and leverage government initiatives. We will remain focused on securing new and profitable project opportunities. Building on our proven expertise, the Group is strategically positioned to explore and pursue suitable construction business ventures both in Hong Kong and overseas.
Hashtag: #CRConstruction #華營建築 #AnnualResults

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

CR Construction Group Holdings Limited

CR Construction Group Holdings Limited, which is carrying out construction business for over 55 years locally, is one of the leading building contractors in Hong Kong. The Group principally act as a main contractor in building construction works and RMAA works projects across public and private sectors in Hong Kong. As a main contractor, the Group is responsible for (i) overall management of the projects; (ii) formulating work programmes; (iii) engaging subcontractors and supervising their works; (iv) sourcing construction materials; (v) communication and coordination with the customers and their consultant teams; and (vi) safeguarding compliance with safety, environmental and other contractual requirements.

By Nitya Chakraborty The U.S.-Israel combo’s war against Iran entered its 20th day on March 19 with global diplomats monitoring closely the Chinese reaction to the continued decimation of Iran’s leadership and key installations by Trump and Netanyahu and also Tehran’s fierce retaliatory attacks against Israel as also the US allies in West Asia including […]

The article Decoding China-U.S. Relations Amidst Trump-Netanyahu’s War Against Iran appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

Speaking at the opening ceremony, the Secretary for Development, Ms Bernadette Linn, said that the Han and Tang dynasties were both golden eras in Chinese history, leaving behind a wealth of important historical legacies for the Chinese nation. Following the success of the “Tang Vogue Beyond the Horizons: A Golden Era of Multicultural Integration and Openness” exhibition jointly organised by the DEVB and the NCHA last year, both parties collaborated again to present a large-scale Han dynasty-themed artefact exhibition this year. She eagerly anticipates that through these precious artefacts, members of the public and tourists will learn more about the glorious history of the Han dynasty and appreciate the remarkable virtues of traditional Chinese culture. They will also discover a fresh perspective through the narratives conveyed by the artefacts from Hong Kong and the Chinese Mainland.

Other officiating guests at the opening ceremony of the exhibition were the Director of Art Exhibitions China, Mr Tan Ping; the Second-level Inspector of the Department of Publicity, Cultural and Sports Affairs of the Liaison Office of the Central People’s Government in the Hong Kong Special Administrative Region, Mr Chen Xinyu; the Chairman of the Antiquities Advisory Board, Professor Desmond Hui; and the Chairman of the Advisory Committee on Built Heritage Conservation, Professor Douglas So.

The exhibition is presented in six thematic sections, covering political system, economic development, culture and beliefs, scientific and technological development, social life and external exchanges. It features 252 pieces/sets of invaluable exhibits. Among them, 203 pieces/sets, including 40 grade-one cultural relics, come from 29 museums and cultural institutions in 14 provinces and autonomous regions on the Chinese Mainland, and most of them are being shown in Hong Kong for the first time. The remaining 49 pieces/sets are significant archaeological finds dating to the Han period unearthed in Hong Kong, painstakingly selected by the Antiquities and Monuments Office of the DEVB.

The star exhibits from the Chinese Mainland highlight the Han precious bronze horse-leading figurine and bronze horse; an eaves end tile with Chinese characters Han Bing Tian Xia (Han unifies the realm); a seven-storey painted pottery granary house with linked pavilion; the Yi Li (Etiquette and rites) wooden slips, a bronze fang vessel of Inner Treasury of Zhongshan, a gold linzhi hoof, the silk letter from Yuan to Zifang and arithmetical slips unearthed at the Xuanquan relay station site in Dunhuang; a silk manuscript of Yinyang Wuxing (Yinyang and the Five Elements) Article B; a silk padded robe with Chang Shou (longevity) embroidery on a crimson purple juan (plain weave silk) ground; gloves with lozenge pattern; padded socks; and a lacquered wooden plate with leopard cat motif and Chinese characters Jun Xing Shi (food for the honoured guest) and a silver box with garlic pattern. Other exhibits cover a variety of categories, ranging from Han bamboo slips, coins, bronze vessels, clothes and ornaments to pottery figurines, pottery houses and agricultural tools, which present the daily lives of various social strata in the Han period.

The key exhibits unearthed in Hong Kong include a pottery house unearthed at Lei Cheng Uk Han Tomb, as well as the Han period artefacts excavated at local significant archaeological sites such as Tung Wan Tsai in Ma Wan, So Kwun Wat in Tuen Mun and Kau Sai Chau in Sai Kung, covering Wuzhu bronze coins, a textile fragment, a stone seal, a bronze ear-cup, jade slotted rings and glass beads. These relics reflect that the Han culture had long been rooted in Hong Kong, and showcase the city’s connection with the country, the pluralistic nature of the Chinese culture and Hong Kong’s links with the early Maritime Silk Road trade.

Admission to the exhibition is free. Details are as follows:

Date: March 20 to September 20
Opening hours:
Monday to Wednesday and Friday: 10am to 6pm
Saturday, Sunday and public holidays: 10am to 7pm
Closed on Thursdays (except public holidays)
Venue: Hong Kong Heritage Discovery Centre, Kowloon Park, Haiphong Road, Tsim Sha Tsui
Note: Docent services in Cantonese, Putonghua and English are available on Saturday, Sunday and public holidays. Enrolment on-site is welcome and no advance booking is required.

For more details about the exhibition and docent services, as well as a highlight video of the exhibition, please visit the Antiquities and Monuments Office website (www.amo.gov.hk/en/visitor-centre/exhibitions/heritage-discovery-centre/han-exhibition/index.html).

Download key exhibition information and images HERE
Click here to download high- resolution photo

Captions:

Hashtag: #TheMajesticHan

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

HONG KONG SAR – Media OutReach Newswire – 19 March 2026 – Li Ning Company Limited (the “Company” or “Li Ning Company”; together with the subsidiaries, the “Group”; stock codes: 2331 (HKD counter) and 82331 (RMB counter)) today announced its audited annual results for the year ended 31 December 2025 (the “Year”).

Financial Results

In 2025, the Group continued to enhance the technological features of its products, optimising channel efficiency, and strengthening the brand’s professional positioning, delivering stable operating performance. During the year, the Group’s revenue amounted to RMB29,598 million, representing an increase of 3.2% compared with 2024 (2024: RMB28,676 million). Gross profit amounted to RMB14,489 million, up 2.4% from 2024 (2024: RMB14,156 million). The overall gross profit margin decreased by 0.4 percentage points to 49.0% (2024: 49.4%).

During the year, the net profit attributable to equity holders was RMB2,936 million (2024: RMB3,013 million). The margin of net profit attributable to equity holders was 9.9% (2024: 10.5%). Return on equity attributable to equity holders was 10.9% (2024: 11.9%). Basic earnings per share was RMB113.91 cents (2024: RMB116.98 cents). The Board has recommended the payment of a final dividend of RMB23.36 cents per ordinary share for the year ended 31 December 2025. Together with the interim dividend of RMB33.59 cents per ordinary share paid in September 2025, the total dividend for the year ended 31 December 2025 will amount to RMB56.95 cents per ordinary share or a total dividend payout ratio of 50% (2024: 50%).

In cash flow management, the Group’s net cash generated from operating activities during the year amounted to RMB4,852 million (2024: RMB5,268 million). As at 31 December 2025, cash and cash equivalents (including cash at banks and on hand, and fixed-term deposits with an original maturity of no more than three months) amounted to RMB16,717 million, an increase of RMB9,218 million compared with 31 December 2024. Adding back the amount recorded as fixed-term deposits held at banks, cash balance at 31 December 2025 amounted to RMB19,973 million, representing a net increase of RMB1,833 million compared with 31 December 2024. During the year, revenue increased year-on-year, while cash-based expenses including marketing costs and tax payments rose, coupled with the settlement time lag of e-commerce platforms, leading to a year-on-year decrease in net cash generated from operating activities. Meanwhile, the maturity and redemption of time deposits led to a significant increase in net cash generated from investing activities. The Group will continue to place extra emphasis on cash flow management to ensure the stable development of the Company in the long term.

Operational Summary

In 2025, the Group remained anchored in its “Single Brand, Multi-categories, Diversified Channels” strategy, advancing development through product upgrades, channel optimisation, and brand marketing.

The Group focused on six core categories—running, basketball, training, badminton, table tennis and sports casual—while actively pursuing opportunities in emerging fields and exploring new sports subcategories, such as outdoor, tennis and pickleball. During the year, the Group continued to upgrade its products through technological innovation and enhance the deployment of professional sports resources, guided by three key pillars: reinforcing a professional sports mindset, showcasing sports-fashion aesthetics, and honouring Chinese cultural heritage. In addition, it worked proactively to strengthen brand influence and increase brand recognition and visibility through diversified, and comprehensive marketing campaigns.

As the official partner of the Chinese Olympic Committee, the Group leveraged its deep expertise and strong professional sports credibility to blend sportsmanship with cutting-edge technology and Eastern aesthetics—all under the narrative theme “China’s Glory, Together with LI-NING.” During the year, it opened the world’s first LI-NING “Loong Store” and launched the “Glory Gold Label” product series, transforming exclusive, top-tier scarce sports resources into a driving force for brand reputation and market recognition, continuously strengthening consumers’ perception of LI-NING’s professional capabilities and product reliability.

In terms of channel development, the Group continued to advance a multi-dimensional channel network layout to expand market coverage while enhancing operational efficiency. In high-end markets, the Group deepened synergistic collaborations with top-tier commercial complexes and leading outlet malls, jointly promoting the planning and implementation of innovative stores. During the year, the Group successfully launched an independent outdoor store “COUNTERFLOW”, marking an important milestone for the brand’s official entry into the outdoor segment. The Group actively carried out cross-industry collaborations, partnering with top IPs embodying Chinese cultural heritage such as the Palace Museum, and launched marketing campaigns by collaborating with channel partners through diverse initiatives, effectively improving brand reach and conversion. In terms of efficiency enhancement, the Group continued to optimize the channel structure and improved rental structures and cooperation models, enhancing overall channel health and operational sustainability through a series of strategic optimization measures. As of 31 December 2025, the LI-NING brand (including LI-NING Core Brand and LI-NING YOUNG) operated a total of 7,609 conventional stores, flagship stores, China LI-NING stores, factory outlets, and multi-brand stores, representing a net increase of 24 POS compared with 31 December 2024.

In terms of retail operations, the Group built a highly profitable, efficient, and replicable single-store operating model. In high-level markets, targeted brand strategies were implemented across key regions, strengthening brand image and improving product operation efficiency through optimised channel structure, store product mix, and shopping experience. The Group established a distribution management model to improve operational efficiency and sustainable development capabilities of the distribution system. In addition, the Group strengthened the efficient coordination between retail outlets and the logistics system. Through refined planning systems, flexible supply chain construction and digital support, channel inventory turnover and full lifecycle product management were realised, thereby comprehensively improving operational quality and efficiency.

In terms of e-commerce operations, the Group made precise deployments that effectively enhanced consumer awareness and market share during major e-commerce campaigns such as Tmall Celebration Day and Tmall Super Product Day. During the year, core IP products such as “Zhui Feng”, “DLO”, “ULTRALIGHT” and “LI REN” delivered outstanding performance, successfully penetrating multiple consumer segments including Gen Z, professional sports and trendy fashion, ranking highly in both sales and reputation across segmented markets. By leveraging top athletes, celebrities, trending events and channel resources, the Group not only enhanced product exposure and achieved traffic acquisition and promotional sales conversion, helping inventory optimisation, but also supported offline business and drove overall revenue growth.

In terms of supply chain, the Group continuously optimised the supplier matrix, aligning high-quality supplier resources for high-end sports, outdoor, premium and sponsored product lines. Meanwhile, the Group aligned with its major product plan by adopting segmented production planning and data-driven management to achieve high-level coordination among product planning, supply chain, logistics, and retail outlets. To improve operational efficiency, the Group adopted multiple measures such as integration of fabric resources, optimization of process structures, large-scale procurement of materials and staggered production scheduling, further improving the cost structure, while enhancing production efficiency. In addition, the Group continued to integrate sustainable development into supply chain management and promoted green products, with the proportion of eco-friendly products exceeding annual targets during the year.

In terms of logistics, the Group launched a channel logistics project to connect the order system with logistics operations, improving product circulation efficiency and fulfilment timeliness. On the digital front, the Group introduced a warehouse coordination system and adopted SKU-level refined management. In terms of automation, automated equipment was introduced into various warehouses, enabling multi-scenario coverage and data visualization management. In December 2025, the East China and North China warehouses took the lead in adopting RFID full-process warehouse management, achieving full-process traceability of logistics data, greatly strengthening inventory management precision, and deployment across all warehouses is expected to be completed in the first quarter of 2026 to continuously drive cost reduction and efficiency improvement.

In terms of its kidswear business, LI-NING YOUNG continued to focus on professional sports and children’s developmental needs, advancing product optimization and exclusive IP creation. In terms of channel strategy, the Group continued to strengthen outlet channel development, improve single-store efficiency and optimize overall channel structure while accelerating its e-commerce deployment. LI-NING YOUNG maintained a coordinated development of wholesale and direct retail. Through refined management and strategic layout, both scale and quality were improved. In terms of marketing, LI-NING YOUNG centred its efforts around three core pillars “Event Cooperation + User Stories + IP Collaboration” to build professional recognition and accumulate its user foundation, successfully expanding its influence among youth and family demographics. As at 31 December 2025, the total number of LI-NING YOUNG POS was 1,518, representing a net increase of 50 POS since 31 December 2024.

Outlook

Entering 2026, the Group will seize the development opportunities arising from the continuous release of domestic demand potential. The Group will remain committed to its core value of “serving the public with sportsmanship,” meticulously refine its “LI-NING’s experience value,” and strive to become the preferred professional sports brand.

1. Technology-driven product upgrades: The Group will firmly implement the development strategy of “Single Brand, Multi-categories, Diversified Channels”, empowering product iterative upgrades with technology to build core competitiveness and market differentiation barriers. Relying on the technical accumulation and R&D of the LI-NING technology innovation platform, the Group will focus on deep cultivation of core categories and actively expand into emerging segments such as outdoor sports. The Group aims to respond to increasingly diversified and personalised consumer demands, achieving full-scenario coverage from professional competitive sports to daily wear. By promoting the ingenious integration of cutting-edge technology and fashion design, the Group will create a product system that combines excellent functionality, technological texture, and aesthetic value. Furthermore, the Group will continuously strengthen the efficiency of transforming scientific and technological achievements, promoting the rapid realization of frontier technologies into product competitiveness.

2. Olympic marketing empowering the brand: The Group will drive value creation through sports marketing, establish emotional connections with consumers, and facilitate the steady enhancement of brand value. By continuously deepening the cooperation with the Chinese Olympic Committee, the Group will seize the development window of the Olympic cycle and promote the brand to achieve a leap from resource cooperation to value co-creation. LI-NING will fully explore the diversified value of the cooperation with the Chinese Olympic Committee. Through systematic marketing layout and technological equipment support, it will convey the story of the mutual growth of LI-NING and Chinese sports, highlighting the technological strength and cultural confidence of the national brand.

3. Dual improvement in quality and efficiency of business operations: The Group will continue to focus on improving quality and efficiency across all aspects of its business. By deepening channel layout, strengthening product operations, and optimising supply chain management, the Group aims to build an efficient operational system, achieve simultaneous improvements in operational quality and efficiency, and lay a solid foundation for the high-quality growth of the enterprise. Offline channels will focus on improving efficiency in high-tier markets and penetrating emerging markets, while exploring new business models. Online channels will strengthen domain synergy and resource integration, promoting complementarity between online and offline channels. In terms of product operations, the Group will optimize the precision of full-chain planning and flexible supply capabilities, and accelerate inventory turnover. The supply chain will achieve coordinated optimization of cost, quality, and delivery time across the entire chain, thereby enhancing overall operational efficiency.

4. Consolidating the foundation to safeguard development: The Group will continuously strengthen three core support capabilities: talent, finance, and digital intelligence, to lay a solid bedrock for high-quality development. In terms of talent strategy, talent development will focus on selection, incentives, and efficiency. In terms of financial management, emphasis will be placed on precise resource allocation and risk control. In terms of digitalization, the Group will promote the deep integration of AI and big data with business operations, enhance operational efficiency and the scientific nature of decision-making, and provide systematic safeguards for the long-term development of the Group.

Mr. Li Ning, Executive Chairman and Joint CEO of the Group, concluded: “2026 marks the first year of the 15^th Five-Year Plan. With the strategic goal of accelerating the development of a sports powerhouse, the nation will further unlock sports consumption potential while driving the transformation and upgrading of the sporting goods manufacturing industry. We expect this to release domestic demand potential and create both strong support and a vast stage for the sports industry to thrive.”

“We will remain rooted in the local market while looking ahead, seizing opportunities of the era with greater foresight and more efficient execution. We will continue to deepen the Group’s ‘Single Brand, Multi-categories, Diversified Channels’ strategy, optimising and upgrading our core category matrix while exploring emerging segments. Most importantly, we will keep strengthening the core advantages of our products—professional performance, technological capability, and sports experience—by empowering them with innovative technology and design aesthetics to reward consumer trust.”

Hashtag: #LiNing

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

About Li Ning Company Limited

Li Ning Company Limited is one of the leading sports brand companies in China, mainly operating professional and leisure footwear, apparel, equipment and accessories under the LI-NING brand. The Group has comprehensive research and development, design, manufacturing, marketing, distribution and retail management capabilities. It has established an extensive retail distribution network and supply chain management system in China. We are committed to be the most prominent, stylish, world-leading sports brand from China.

In addition to its core LI-NING brand, the Group also manufactures, develops, markets, distributes, sells various sports products which are self-owned by or licensed to the Group, including Double Happiness (table tennis), AIGLE (outdoor sports) and Kason (badminton), which are operated through joint venture/associate with third parties of the Group.

Inviting visitors to Hong Kong Art Month for a cultural journey connecting art and the city

HONG KONG SAR – Media OutReach Newswire – 18 March 2026 – Art Central, in collaboration with the Hong Kong Tourism Board, is launching a digital Hong Kong Art Month Discovery Guide alongside a series of travel and experience packages for the Fair’s eleventh edition. These offerings bring visitors from the Greater Bay Area and overseas a seamless art travel experience, allowing them to enjoy Hong Kong’s diverse hotels, dining, attractions, and transport networks alongside their visit to the Fair.

As a cornerstone event of Hong Kong Art Month, Art Central returns to the iconic Central Harbourfront from 25 to 29 March 2026. The Fair brings together contemporary art, curated programmes, and a vibrant community of galleries, artists, collectors, overseas visitors, and local audiences to build a dynamic platform for artistic exchange. Art Central 2026 is financially supported by the Mega Arts and Cultural Events Fund under the Culture, Sports and Tourism Bureau of the Hong Kong Special Administrative Region Government.

Entering its second decade, Art Central 2026 will assemble 117 galleries and 500 artists from Hong Kong, Asia, and around the world, further reinforcing its position as an integral platform for discovery and exchange among collectors and curators. Co-curated by Enoch Cheng and Zoie Yung, the Fair’s eleventh edition will present a series of artistic programmes—including performances, video art, large-scale installations, and talks—examining the frictions and intimacies that shape contemporary social and virtual life, foregrounding emergent Asian voices.

To enrich the artistic journey for visitors, Art Central, in partnership with the Hong Kong Tourism Board, proudly presents the digital Hong Kong Art Month Discovery Guide. The guide compiles exciting events across the city’s art districts, covering gallery exhibitions, special museum showcases, and performing arts programmes across Central, Sheung Wan, Wan Chai, Tai Hang, the Southern District, Tsim Sha Tsui, and the West Kowloon Cultural District. Beyond visual arts, the guide offers detailed dining recommendations in the vicinity, perfectly illustrating Hong Kong’s diverse culinary culture. The curated selections range from local street food and refined Cantonese cuisine to Michelin-starred contemporary European dining. Featured establishments include MIAN, Amber, Belon, L’Atelier de Joël Robuchon, Chinesology, Gu Liang Cai, and the historic Luk Yu Tea House. Through this comprehensive guide, visitors can easily navigate the city’s streets and alleys alongside their visit to Art Central, seamlessly transitioning from visual arts to culinary delights while deeply experiencing Hong Kong’s unique charm as Asia’s events capital. Explore more in the Hong Kong Art Month Discovery Guide.

To allow visitors to incorporate the Fair into their broader Hong Kong itineraries with ease, Art Central has introduced a brand-new Flexible Date Ticket, available in limited quantities exclusively during the advance sale period. Holders of the Flexible Date Ticket may select any single day between 25 and 29 March 2026 for entry during general admission hours without the need for advance date selection.

Art Central has also launched comprehensive packages on various travel platforms covering accommodation, attractions, and transportation for the convenience of visitors. For example, through Ctrip, visitors can book curated packages combining Fair admission with selected offers and enjoy a HK$50 no-minimum-spend Uber Taxi promo code with the purchase of any ticket, easily charting a cultural journey connecting art and city life.

Ctrip’s accommodation bundles span top-tier five-star luxury properties such as Four Seasons Hotel Hong Kong, Mandarin Oriental Hong Kong, and The Murray, Hong Kong, as well as boutique options including The Pottinger Hong Kong, offering convenient and elevated choices for cultural getaways and weekend itineraries.

Additionally, attraction bundles will extend the Fair experience to multiple transportation options and popular leisure destinations, including the Peak Tram, the Hong Kong Observation Wheel, the Star Ferry, and the Airport Express. This allows visitors to integrate transportation, accommodation, and urban cultural experiences, extending their exhibition visit into a city journey exploring Hong Kong’s art and lifestyle.

Furthermore, Art Central has launched combo packages on Klook, pairing the Flexible Date Ticket with admission to the Hong Kong Observation Wheel at the Central Harbourfront (HK$302) or a Cupping Room coffee e-voucher (HK$314). These allow visitors to take in the spectacular views of Victoria Harbour or take a relaxing coffee break following their visit to the Fair. After viewing the exhibition, visitors can also take the “WestK Ferry” from Central Pier 9—a short eight-minute ferry ride—to effortlessly reach the West Kowloon Cultural District and continue their exploration at M+, the Hong Kong Palace Museum, and the WestK FunFest.

Package offers are exclusively available for purchase via Ctrip and Klook. For more details regarding participating hotels, dining, attractions, and transport partners, please visit artcentralhongkong.com/tickets. Ticket Packages might be subject to change without prior notice and are available in limited quantities while stocks last.

• Ctrip: https://m.ctrip.com/tangram/MjM3OTAz?ctm_ref=vactang_page_237903&isHideNavBar=YES&apppgid=10650019968&statusBarStyle=2
• Klook: https://www.klook.com/en-HK/activity/188904-art-central-ticket/?spm=Activity.TopNavigation.SelectCurrency&clickId=acd899af1

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Art Central 2026 Package Offers

Opening Dates and Hours
Tuesday 24 March
VIP Preview (by invitation)

Wednesday 25 March
Fair Hours 12 pm – 5 pm
Night Central 5 pm – 9 pm

Thursday 26 March
Fair Hours 12 pm – 7 pm

Friday 27 March
Fair Hours 12pm – 7 pm

Saturday 28 March
Fair Hours 11 am – 7 pm

Sunday 29 March
Fair Hours 11 am – 5 pm

Venue
Central Harbourfront Hong Kong, 9 Lung Wo Road
Hashtag: #ArtCentralHK #ArtCentralUOB #HongKongArtWeek

https://artcentralhongkong.com/
https://www.facebook.com/artcentralhk
Wechat: https://artcentralhongkong.com/wechat/
https://www.instagram.com/artcentralhk/

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

About Art Central

Art Central, a cornerstone event of Hong Kong Art Week, presents the next generation of talent from Asia’s most forward-thinking galleries alongside celebrated artists from across the globe. Since its inaugural edition in 2015, Art Central has established itself as a leading platform for innovation in contemporary art, advancing the profiles of artists and galleries and reinforcing their presence within the international art landscape. Today, the Fair is recognised for the strength of its curatorial programming and as a vital meeting point for discovery and exchange among collectors and curators representing private, corporate, and institutional collections worldwide.

Fair Director
Corey Andrew Barr joined Art Central as Fair Director in 2019. A champion of Hong Kong artists, Barr has expanded the Fair’s platform to highlight local talent and underscore its position as a benchmark for aspiring galleries from around the world. He was formerly the director of a prominent Hong Kong- and London-based gallery focusing on contemporary Asian art, and prior to that, served as Specialist and Head of Sales for Phillips in New York, where he also organised exhibitions of contemporary art, photography, and design by leading international artists.

Curator
Enoch Cheng is an artist-curator whose work spans curation, moving image, installation, performance, dance, and fashion. His cross-disciplinary multimedia practice reinterprets norms, stories, and myths through contemporary lenses, drawing on a range of creative practices and engaging audiences through diverse cultural traditions. Cheng was awarded the Asian Cultural Council Fellowship (2020) and held artist residencies at the Museum of Arts and Design, New York (2022), and the American Museum of Natural History, New York (2020). He was most recently named Artist of the Year (Visual Arts) at the 2025 Hong Kong Arts Development Awards, recognising his contributions to the arts, including his role at Art Central since 2024.

Curator
Zoie Yung, currently based in Hong Kong, is an independent exhibition consultant and curator, and former exhibition manager of chi K11 art museum in Shanghai. She provides a unique approach to exhibition production by combining practice in exhibition spatial arrangement and her knowledge of Chinese Xuanxue as well as Western astrology. Selected recent exhibitions include Wonder-verse (chi K11 art space, Hong Kong, 2022) and Curve of Buoyancy (Duddell’s, Hong Kong, 2021). She also actively organises public education campaigns; she has collaborated with local organisations, including Tai Kwun Contemporary, Para Site, 1a Space, and Hong Kong Visual Arts Centre.

About UOB
UOB is a leading bank in Asia. Operating through its head office in Singapore and banking subsidiaries in China, Indonesia, Malaysia, Thailand and Vietnam, UOB has a global network of more than 470 branches and offices in 19 markets in Asia Pacific, Europe and North America. Since its incorporation in 1935, UOB has grown organically and through a series of strategic acquisitions. Today, UOB is rated among the world’s top banks: Aa1 by Moody’s Investors Service and AA- by both S&P Global Ratings and Fitch Ratings.

For nine decades, UOB has adopted a customer-centric approach to create long-term value by staying relevant through its enterprising spirit and doing right by its customers. UOB is focused on building the future of ASEAN – for the people and businesses within, and connecting with, ASEAN.

The Bank connects businesses to opportunities in the region with its unparalleled regional footprint and leverages data and insights to innovate and create personalised banking experiences and solutions catering to each customer’s unique needs and evolving preferences. UOB is also committed to helping businesses forge a sustainable future, by fostering social inclusiveness, creating positive environmental impact and pursuing economic progress. UOB believes in being a responsible financial services provider and is steadfast in its support of art, social development of children and education, doing right by its communities and stakeholders.

About Mega Arts and Cultural Events (ACE) Fund
The Culture, Sports and Tourism Bureau of the Hong Kong Special Administrative Region Government sets up the Mega ACE Fund to attract and support international or large-scale arts and cultural events which bring significant arts, cultural or economic values and can be recurrent and anchored in Hong Kong, or events which can bring exceptionally significant arts or cultural merit, as well as publicity and image building values to Hong Kong as an arts and cultural hub with a view to contributing to Hong Kong’s development into an arts and cultural metropolis as well as a tourist destination, providing development opportunities for the arts, cultural and creative sectors, and facilitating arts and cultural exchange.

Deepens “One Core and Two Wings” Strategy Continues to Strengthen Core Competitiveness to Enhance Shareholder Returns

HONG KONG SAR – Media OutReach Newswire – 18 March 2026 – The world’s largest telecommunications infrastructure service provider China Tower Corporation Limited (“China Tower”, or the “Company”) (Stock Code: 0788.HK) is pleased to announce its annual results for the year ended 31 December 2025.

Performance Highlights

In 2025, the Company’s operating revenue maintained stable growth and profitability remained strong. Operating revenue for the year reached RMB100,411 million, an increase of 2.7% year-on-year. EBITDA reached RMB65,814 million, a decrease of 1.1% year-on-year, with an EBITDA margin^[2] of 65.5%. Profit attributable to the owners of the Company reached RMB11,630 million, an increase of 8.4% year-on-year, with a net profit margin of 11.6%.

Hashtag: #ChinaTower

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

About China Tower (Stock Code: 0788.HK)

China Tower is the world’s largest telecommunications tower infrastructure service provider, and the Company always adheres to the philosophy of shared development and implements the “One Core and Two Wings” strategy. The Company is principally engaged in the construction, maintenance and operation of base station ancillary facilities such as telecommunications towers, public network coverage in railway tunnels and subways, and large-scale indoor Distributed Antenna Systems (DAS). Meanwhile, relying on unique resources to provide energy application services such as information application and intelligent battery exchange and power backup to the society, the Company strives to build itself into a world-class integrated digital infrastructure service provider, and a highly competitive information and new energy applications provider. As of the end of 2025, the Company’s total assets amounted to RMB336,579 million. China Tower operated and managed 2.119 million tower sites across 31 provinces, municipalities and autonomous regions in the PRC, and served over 3.856 million tenants with the tenancy ratio of 1.79.