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Empowering SMEs and Working Professionals to Embrace AI and Foster Widespread AI Adoption in Hong Kong

HONG KONG SAR – Media OutReach Newswire – 28 August 2026 – The Hong Kong Productivity Council (HKPC) today held the Launching Ceremony of the “AI for All” Inclusive Programme, aligning with the National 15th Five-Year Plan and the “AI+” initiative, and supporting the HKSAR Government’s policies of “industries for AI, AI for industries” and “AI for All”. Coordinated by the Innovation, Technology and Industry Bureau (ITIB), the “AI for All” Inclusive Programme aims to promote the widespread adoption of AI across society. As one of the programme implementation partners, HKPC will lead the “AI with HKPC – Business Empowerment” sub-programme, focusing on practical business applications, talent development, and inclusive technology adoption. The initiative will provide targeted support to SMEs, professionals, labour groups, and underprivileged communities through a range of training courses, hands-on application programmes, and industry-academia-research collaboration, promoting AI literacy and the practical deployment of AI technologies.

Professor SUN Dong, JP, Secretary for Innovation, Technology and Industry, officiated at the ceremony, joined by Mr Emil YU Chen-on, BBS, JP, Deputy Chairman of HKPC, and Mr Mohamed Butt, MH, Executive Director of HKPC. The event also brought together representatives from leading international and Chinese Mainland technology enterprises, chambers of commerce, and industry leaders, who shared successful case studies and practical insights, fostering collaboration across sectors to advance Hong Kong’s AI ecosystem.

Professor SUN Dong, JP, Secretary for Innovation, Technology and Industry, said: “AI has become a key factor in global industrial upgrading and driving the development of the digital economy. Helping SMEs to achieve digital transformation and enhance competitiveness through AI is one of the focal points of the ‘AI for All’ inclusive programme. This time, HKPC as the third implementing organisation for the ‘AI for All’ inclusive programme, leverages its years of experience serving businesses to provide targeted and professional support to SMEs, helping them seize opportunities in the AI era. I hope that through the ‘AI for All’ inclusive programme, AI will not only serve as an empowering tool to enhance corporate value and competitiveness but also transform into a super dividend that benefits SMEs and the general public. Let ‘AI for All’ become Hong Kong’s vision for ‘Upgrading for All’ and ‘Opportunities for All’.”

Mr Emil YU Chen-on, BBS, JP, Deputy Chairman of HKPC, said: “AI should not be a privilege reserved for large enterprises. It should become a productivity tool that every business, every employee, and people from all walks of life can leverage. HKPC has long been committed to helping enterprises, particularly SMEs, enhance productivity, drive digital transformation, and convert innovative technologies into tangible business value. We focus on integrating AI technologies across different industries by providing practical, scalable and replicable solutions that support smart transformation. As one of the implementation organisations of the ‘AI for All’ Inclusive Programme, HKPC will centre its efforts on ‘AI with HKPC – Business Empowerment’, connecting Government, industry, academia, technology partners and social service organisations to help enterprises, SMEs, professionals and underprivileged communities acquire AI capabilities and transform AI into real productivity and business value, thereby advancing Hong Kong’s high-quality development and digital inclusion.”

“AI for All” Officially Launches with “Business Empowerment” Series to Drive Widespread AI Adoption

To advance the “AI for All” Inclusive Programme, HKPC has launched the “AI with HKPC – Business Empowerment” training series, centred on practical business applications. Through a two-year training and promotion programme, HKPC will work with technology companies, chambers of commerce, labour groups and community partners to help SMEs, professionals, working individuals, labour organisations, underprivileged groups and the general public acquire AI knowledge and application skills. The initiative aims to accelerate the adoption of AI and support digital and smart transformation across industries, sectors and communities through three key focus areas:

1. Business and Industry Upgrading: Through AI-focused programmes such as “AI+ Industry Boost Training” and “SME AI Connect”, enterprises can rapidly adopt AI technologies to enhance productivity and competitiveness. Key training topics include:

• Practical Applications of Generative AI: Learning how to use generative AI tools for content creation, data analysis, and workflow optimisation.
• AI Applications Across Industries: Exploring how AI enhances efficiency, optimises operations and drives innovation in sectors including education, healthcare, manufacturing, retail and logistics.
• AI Project Workshops: Providing hands-on experience in AI application development and implementation, enabling participants to integrate AI solutions into real business scenarios.

2. Human Resources and Leadership: HKPC will continue conducting the “Hong Kong Enterprise AI Application Trends Survey” and share insights through “AI Talent Winning Tips”, helping organisations understand AI talent management and application trends while preparing for future workforce needs. Key topics include:

• AI and Career Development: Examining the impact of AI on the future workplace and helping professionals understand emerging skills requirements.
• AI Talent Management and Application Strategies: Sharing successful corporate experiences and practical strategies for AI transformation and talent development.

3. AI for ALL: Through the free online learning platform “AI BiteClass”, HKPC will provide convenient AI learning resources for SMEs, professionals, senior citizens and underprivileged communities, enabling people from all backgrounds to access AI fundamentals and the latest application trends anytime, anywhere. Key topics include:

• Introduction to AI Fundamentals: Covering basic AI concepts, operating principles, common use cases and future trends.
• Getting Started with Generative AI: Introducing generative AI tools and their everyday applications.
• AI Ethics and Responsible Use: Building awareness of responsible AI adoption, including issues relating to data privacy, bias and transparency.

“AI BiteClass” Debuts at Launch Ceremony, Bringing Global Technology Expertise to Hong Kong

As part of the launch event, HKPC presented a live edition of the “AI BiteClass”, featuring experts from HKPC and leading global technology companies, including Amazon Web Services (AWS), Google Cloud, Huawei Cloud, Lenovo, Samsung, Tencent Cloud and Microsoft. The sessions shared practical AI techniques and real-world application cases tailored for SMEs. Through concise yet insightful presentations, the guest speakers highlighted the best practices and implementation strategies for AI, demonstrating how businesses can leverage AI to drive growth and enhance operational efficiency.

Looking ahead, the “AI BiteClass” will introduce a range of free online courses covering popular topics such as generative AI, AI agents, workflow automation, data analytics and enterprise transformation. Members of the public will be able to access practical AI learning resources at any time through the online platform or via iAM Smart.

HKPC has long positioned itself as a “technology adopter and enabler”, committed to helping enterprises transform innovation into tangible business value. Since 2024, HKPC has organised more than 600 AI training sessions, serving over 32,000 participants, including SMEs, large enterprises, HR professionals, industry leaders, students, educators and members of the public. These efforts have played a pivotal role in fostering a more competitive AI application ecosystem in Hong Kong.

A series of “AI with HKPC – Business Empowerment” activities will be rolled out progressively. Enterprises and members of the public are welcome to register via iAM Smart and stay updated on the latest programmes. Through collaboration with global technology enterprises, industry organisations and community partners, HKPC aims to bring AI into businesses, workplaces and communities, advancing the vision of “AI for All” while empowering enterprises and co-building Hong Kong’s intelligent future. For details, please visit: https://www.hkpcacademy.org/en/aiforall/

Please download the high-res photos HERE.

Photo Captions:

1. Professor SUN Dong, JP, Secretary for Innovation, Technology and Industry of the HKSAR Government, delivers a speech at the ceremony, sharing the Government’s vision for advancing the “AI for All” Inclusive Programme, accelerating AI adoption and fostering innovation and technology development in Hong Kong.
2. Professor SUN Dong, JP, Secretary for Innovation, Technology and Industry of the HKSAR Government (middle), Mr Emil YU Chen-on, BBS, JP, Deputy Chairman of HKPC (left), and Mr Mohamed Butt, MH, Executive Director of HKPC (right) officiate the HKPC Launching Ceremony of the “AI for All” Inclusive Programme, jointly promoting AI literacy and application.
3. Mr Emil YU Chen-on, BBS, JP, Deputy Chairman of HKPC, says HKPC will help enterprises and talent master AI technologies through the “AI with HKPC – Business Empowerment” series, supporting the transition from AI awareness to practical application.
4. The “AI for All” Inclusive Programme attracts representatives from the business and innovation and technology sectors to explore the latest AI developments and application opportunities.
5. HKPC hosts an “AI BiteClass” sharing session on the day of the Launching Ceremony, inviting technology companies and industry experts to present practical AI experiences and success stories, helping enterprises enhance productivity and competitiveness through AI.

Hashtag: #HKPC

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About the Hong Kong Productivity Council

The Hong Kong Productivity Council (HKPC) is a statutory body established in 1967, dedicated to enhancing the productivity and competitiveness of Hong Kong enterprises through world-class applied R&D, innovative technology services, and integrated manufacturing solutions. As a market-oriented, international R&D organisation, HKPC leverages its deep expertise and extensive industry experience in key areas such as AI, advanced manufacturing, life and health technology, green technology and new energy to drive new industrialisation and support the growth of emerging and future industries.

HKPC focuses on addressing businesses challenges and industrial technology needs, promoting the full integration between technological and industrial innovation. Through technology transfer, product innovation, intellectual property protection and commercialisation of R&D outcomes, the Council fosters collaboration with the local business community as well as top global R&D institutions, delivering added value to industries and advancing the development of new productive forces. HKPC’s world-class R&D achievements have been widely recognised over the years, winning an array of local and overseas accolades, reinforcing Hong Kong’s role as an international innovation and technology centre and a smart city.

To help enterprises capitalise on Hong Kong’s strengths in international connectivity to expand into global markets, HKPC offers comprehensive overseas expansion services tailored to critical areas including product development, technology, manufacturing, and management, enabling businesses to successfully go global from Hong Kong.

HKPC is also committed to providing timely and practical support to SMEs and startups with timely and practical , assisting them in accessing Government funding programmes. Through its FutureSkills training initiatives, HKPC helps both industry and academia stay ahead in latest digital and STEM technologies, nurturing a future-ready talent pool for Hong Kong.

For more information, please visit HKPC’s website: www.hkpc.org/en.

Quarterly Profitability: A Rare Milestone in Hong Kong’s AI Sector

In capital markets, ambitious visions must ultimately be backed by real financial performance—and Deepexi’s interim results provide clear proof of execution.

For the first half of 2026, the company generated RMB 284.0 million in total revenue, marking a 115.0% year-over-year increase. Its AI business served as the primary growth engine, contributing RMB 226.0 million—an impressive 209.2% year-over-year surge—bringing AI revenue to 79.6% of total corporate turnover.

Even more noteworthy is the marked improvement in profitability. First-half gross profit reached RMB 160.0 million, up 120.5% year-over-year, with gross profit margin expanding to 56.5%. Crucially, during the second quarter of 2026, Deepexi posted a standalone quarterly net profit of approximately RMB 30.1 million, officially crossing the breakeven threshold.

In Hong Kong’s technology sector, pure-play enterprise AI companies capable of achieving quarterly net profitability while sustaining high R&D investment remain exceptionally rare. This milestone underscores Deepexi’s operational efficiency, scalable software delivery, and self-sustaining monetization engine.

This scarcity value is equally evident in the company’s revenue composition and vertical reach. Industrial manufacturing accounted for more than 50% of total revenue, while retail and consumer goods contributed 30%, alongside expanding footholds in healthcare and smart transportation. In manufacturing, for example, equipment troubleshooting and predictive maintenance involve dense engineering schematics, real-time IoT sensor telemetry, and extensive historical maintenance logs—all of which Deepexi translates into structured logic that AI models can readily interpret. This deep vertical expertise and proprietary data accumulation create a formidable competitive barrier that general-purpose AI vendors cannot easily match.

Beyond the “SaaSpocalypse”: Deepexi’s AI-Native Platform Defies the Software Valuation Reset

The first quarter of 2026 witnessed what market observers have dubbed the “SaaSpocalypse”—a tectonic shift in which approximately $2 trillion in market capitalization was erased from B2B software equities, driven by a fundamental fear that agentic AI would cannibalize the traditional per-seat licensing model. The iShares Expanded Tech-Software ETF (IGV) plunged nearly 21% year-to-date, and enterprise software multiples (EV/Sales) cratered from a 5.6x average at the end of 2025 to 4.2x by mid-March.

Investors have pivoted decisively toward AI-native infrastructure—companies that manage the data and underlying plumbing of autonomous systems—while penalizing traditional application-layer SaaS vendors reliant on human-centric interfaces. As a recent Windsor Drake analysis notes, “AI-native agentic platforms clear 14x to 22x revenue, with private rounds at 20x to 30x,” while legacy standalone RPA trades at just 2.5x to 5x. The market is now rewarding AI-native architecture and measurable workflow ownership.

Deepexi sits squarely on the winning side of this divergence. Unlike traditional SaaS vendors whose revenues are tied to human seat counts—and thus vulnerable to agentic displacement—Deepexi’s token-based, consumption-driven model aligns directly with the agentic AI future. The company’s DeepWorks enterprise Agent platform does not sell per-seat licenses; it sells AI productivity, enabling enterprises to deploy autonomous agents that replace repetitive administrative work, not software seats. As the market shifts from “AI as a feature” to “AI as a replacement,” Deepexi’s business model is structurally insulated from the seat-compression forces that have punished legacy software vendors.

Focus on Enterprise AI Applications and Proprietary Domain Data

To ensure AI truly meets real-world enterprise demands, generic foundational models are insufficient on their own. Deepexi’s core competitive edge lies in its specialized “Data + AI” dual-engine architecture, anchored by the FastData enterprise data intelligence platform, the FastAGI agentic AI suite, and the Deepexi Enterprise Large Model Platform, supported by its proprietary Deepology ontology dataset containing over 2,000 vertical industry skills.

At the foundational layer, the FastData platform—powered by the FastData Foil fusion engine—acts as an intelligent lakehouse that tokenizes structured, semi-structured, and complex unstructured enterprise data into standardized formats ready for large model training and inference. Building upon this data foundation, the FastAGI platform and DeepWorks Enterprise Agent Platform provide organizations with a flexible, modular AI operating system.

Featuring a pluggable architecture, the platform connects seamlessly to leading open-source foundation models such as DeepSeek and Zhipu AI, giving enterprise clients complete autonomy while eliminating vendor lock-in. This “model-agnostic” approach is a key differentiator in an environment where enterprises increasingly demand flexibility to choose the best model for each use case, rather than being locked into a single provider.

Through native Model Context Protocol (MCP) frameworks and specialized agents—ranging from operational decision-making agents to productivity and autonomous workflow execution agents—Deepexi embeds intelligence directly into core business operations. DeepWorks is fully integrated with mainstream workplace collaboration suites such as DingTalk, Feishu, and Tencent Meeting, allowing employees to summon AI copilots directly for automated weekly reporting, data synthesis, and cross-departmental coordination—effectively turning AI into an indispensable daily productivity tool.

In an enterprise AI market where 42% of organizations already have AI agents in production and 72% are deploying across production and pilots combined, Deepexi’s proven, governed agentic workflows are no longer an experiment—they are core infrastructure.

Strategic Partnership with Huawei Cloud: Tackling Compute and Data Bottlenecks

In the commercialization of enterprise AI, computing costs and access to high-quality domain data represent two of the industry’s most critical bottlenecks. On August 12, Deepexi announced a strategic alliance with Huawei Cloud to jointly launch enterprise data intelligence solutions, providing strong operational backing for the company’s long-term expansion.

The partnership combines the complementary strengths of both technology leaders. Huawei Cloud provides underlying Ascend AI computing clusters and distributed cloud infrastructure, while Deepexi brings its deep expertise in enterprise data governance, data tokenization, and vertical AI agent deployments. By integrating with Huawei’s domestic Ascend compute clusters, Deepexi not only secures stable, long-term computing power but also significantly drives down token processing costs. This cost efficiency establishes ideal conditions for exploring usage-based, token-metered commercial billing models—precisely the kind of consumption-based pricing that aligns with the agentic AI future.

Crucially, falling AI costs are widely expected to accelerate enterprise adoption of autonomous agents. Deepexi’s partnership with Huawei Cloud positions the company to capture this demand wave with a cost structure that improves as token volumes scale—a powerful margin-expansion dynamic that stands in stark contrast to the fixed-cost burden of traditional SaaS.

Strong Institutional Backing Highlights Long-Term Investment Value

Reflecting strong capital market confidence, Deepexi announced on August 17 the successful placement of 14,286,000 new H-shares at HK$35.00 per share, raising net proceeds of approximately HK$488.0 million. Successfully closing a sizeable placement amid broader market volatility demonstrates strong institutional recognition of Deepexi’s proven business model, robust unit economics, and profitability trajectory.

The company’s strategic shareholder structure provides a solid foundation for long-term growth. It is supported by prominent independent investors, including Hillhouse, 5Y Capital, and BAI, as well as industry-focused investors such as Shanghai AI. These partnerships enhance Deepexi’s industry reputation, drive technological innovation, and strengthen its market competitiveness.

The newly raised funds are earmarked primarily for continuous R&D in next-generation enterprise agent systems and token productivity platforms—positioning the company to capture the $206.5 billion AI agent software market projected for 2026, which Gartner expects to grow to $376.3 billion in 2027.

Investment Thesis: Why Deepexi Stands Apart

1. AI-Native Architecture in an Agentic World. Unlike legacy SaaS vendors facing seat compression, Deepexi’s token-based model is structurally aligned with the agentic AI future. The company doesn’t sell software seats—it sells AI productivity.

2. Rare Profitability in Enterprise AI. Quarterly GAAP profitability at a 56.5% gross margin, with projected revenue CAGR of 95.5% through 2027, places Deepexi among the most financially disciplined enterprise AI companies globally.

3. Model-Agnostic, Vendor-Neutral Platform. In an environment where enterprises demand flexibility, Deepexi’s pluggable architecture—supporting DeepSeek, Zhipu, and other open-source models—eliminates lock-in and captures value regardless of which foundation model wins.

4. Proprietary Data Moat. With over 2,000 vertical industry skills and deep expertise in manufacturing, retail, healthcare, and transportation, Deepexi’s domain-specific data capabilities create barriers that general-purpose AI vendors cannot replicate.

5. Strategic Compute Partnership with Huawei Cloud. Long-term, cost-effective compute access, combined with token-metered pricing models, positions Deepexi for sustained margin expansion as token volumes scale.

6. Institutional Validation. Backing from top-tier investors and a successful HK$488 million placement amid market volatility signal strong institutional confidence in Deepexi’s business model and growth trajectory.

The enterprise AI market has decisively shifted from early conceptual exploration into a new era of commercial execution and tangible financial delivery. Backed by mature product suites across FastData and FastAGI, proprietary vertical ontologies, strategic cloud partnerships, and an official transition to net profitability, Deepexi Technology has proven that enterprise AI can deliver both transformative technology and sustainable profits.

Hashtag: #DeepexiTechnology

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About Deepexi Technology

Deepexi Technology is China’s leading provider of enterprise large model AI application solutions. Through its FastData enterprise data intelligence solution and FastAGI enterprise AI solution, it empowers enterprises to integrate their data, decisions and operations efficiently at scale. Deepexi ranked fifth in China’s enterprise large model AI application solution market in terms of revenue in 2024. Its solutions have achieved large-scale commercialization across multiple verticals, including consumer goods, manufacturing, healthcare and transportation. As of June 30, 2025, Deepexi Technology served a cumulative total of 283 enterprise customers across various industries.

This press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from those projected. The company undertakes no obligation to update any forward-looking statements.

The Group continued to accelerate the large‑scale commercial deployment of its AI capabilities, building system‑level AI capabilities around the framework of “one model system, one Token Factory, and one Agent Harness” to advance AI from intelligence generation toward end‑to‑end task execution and transform these capabilities into scalable commercial value.

Dr. Xu Li, Chairman of the Board and CEO of SenseTime, said: “SenseTime’s three-pillar core capability framework, built around ‘one model system, one Token Factory, and one Agent Harness’, uses a unified model system to continuously push the boundaries of intelligence, leverages infrastructure and optimization capabilities to reduce Token costs and strengthen cost‑based pricing power, and deploys agents deeply integrated into enterprise and individual workflows to deliver complete task execution capabilities. This framework enables SenseTime to move beyond pure price competition and create sustainable commercial value through differentiated technologies and services. At the same time, it allows us to expand our user base, drive recurring revenue growth, and lay a solid foundation for the Group’s high‑quality development.”

One Model System: Advancing Native Multimodal Intelligence and Long‑Horizon Agents with Global Leading Performance

In 2026, SenseTime released a series of models at a rapid pace, spanning native multimodal unification, visual perception and reasoning, controllable generation, long‑horizon agents, spatial intelligence, and physical world models. These included the NEO‑Unify architecture; SenseNova U1, U1.5 and U1.5‑Lite; SenseNova Vision; the office‑focused multimodal agent SenseNova 6.8‑Flash‑Lite; the content creation model SenseNova U1‑Pro; the spatial intelligence model SenseNova SI‑8B; and the Kairos 3.1 world model co‑developed with Ace Robotics. Across multiple core benchmarks, these models matched or outperformed leading international models, including Gemini, GPT, and DeepSeek. Less than four months after the U1 series was open‑sourced, the three projects had collectively garnered more than 11,000 stars on GitHub.

SenseTime is advancing from digital intelligence toward physical AGI through the closed‑loop framework of “architectural innovation, system capabilities, and high‑value delivery,” continuously translating technological breakthroughs into real-world applications and commercial value.

Token Factory: Upgrading from Compute Provisioning to Scaled Intelligence Production

SenseTime’s SenseCore is evolving into a production‑oriented Token Factory. Through integrated model and infrastructure optimization, as well as capabilities in model adaptation, inference optimization, heterogeneous scheduling, energy management and global service delivery, the Token Factory not only expands Token output and lowers unit costs, but also continuously enhances the reasoning, understanding, generation, and execution capabilities embedded in each Token.

In July 2026, SenseCore delivered an average daily Token service volume of 2.4 trillion, representing a YoY increase of approximately 22 times. As of the date of this announcement, the Group’s total deployed computing power had reached 48,000 Petaflops (P).

The Token Factory provides strong support for SenseTime in advancing the performance boundaries of its foundation models and scaling their commercial deployment. It has tripled the training speed for long‑context Agent models, increased image and video generation efficiency sixfold, improved reinforcement learning training efficiency, and shortened the cycle from model R&D validation to large‑scale deployment to just one week. In addition to supporting the SenseNova foundation model, the Token Factory now serves four external foundation model providers, establishing differentiated capabilities across high‑complexity computing domains, including AI for Science (“AI4S”), video generation, embodied intelligence, world models, and city‑level intelligent applications.

In addition, the Group remains committed to advancing the domestic compute ecosystem, increasing the MFU (Model Floating‑Point Utilization) of mainstream domestic chips by up to 2.5 times compared with the baseline levels established by chip manufacturers. SenseNova U1 has achieved Day 0 adaptation across more than ten domestic chip platforms.

Through compute‑energy synergy, the Company continues to reduce the unit cost of intelligence. During the Reporting Period, its Compute‑Energy Synergy Agent achieved load forecasting accuracy of 96% and generated cumulative electricity cost savings of more than RMB12 million. For every 10,000P of computing power, annual carbon emissions were reduced by 24,000 tons.

Agents Accelerate Adoption Across Enterprise and Consumer Markets, Delivering Value Through Workflow Integration and Enhanced Everyday Experiences

Building on its model and Token capabilities, SenseTime connects models, knowledge, tools, and workflows through a unified Agent Harness, transforming underlying AI capabilities into end-to-end task delivery solutions for enterprise and individual users.

The Group’s agents are rapidly expanding across both enterprise and personal workflows. During the Reporting Period, they served more than 1,000 enterprise customers across over 20 key industries, including education, government, marketing, logistics, banking, and insurance. The Office Agent, Raccoon, has served major enterprises including Lenovo, Ping An Technology, China’s three major telecommunications operators, JD.com, and Kylin Software. Total users increased more than fivefold YoY, enterprise users grew more than sixfold, and monthly active users on the cloud platform increased nearly tenfold. In addition, the video‑generation agent Seko reached a daily video production volume of 10,000 minutes. Content created on the platform has amassed an estimated 1.5+ billion views across short‑video platforms, including 10 short-form dramas that have each surpassed 100 million views. AI productivity solutions are also expanding beyond large organizations to serve smaller teams and One‑Person Companies (OPCs). In the consumer market, the Kapi series of agents, covering use cases such as health, finance, and content creation, has surpassed 45 million cumulative users.

Computer Vision remains a strategic gateway for the Group’s expansion into industry verticals and overseas markets. During the Reporting Period, revenue from the business reached RMB500 million, accounting for approximately 17% of the Group’s total revenue. The business extended across more than 20 countries and regions and served more than 4,500 customers worldwide, with recurring customers contributing 67% of revenue.

Bridging Digital and Physical Intelligence, Unlocking Ecosystem Value

SenseTime continued to invest in frontier areas, including world models and embodied intelligence, intelligent terminals, smart healthcare, and chips. The increase in the valuation of certain AI ecosystem investments generated fair‑value gains, contributing to the Group’s first‑ever IFRS profit and reflecting the gradual realization of financial value from our ecosystem assets. Beyond short‑term investment returns, the more significant long‑term value of these ecosystem investments lies in enabling the Group gain early access to frontier domains, continuously acquire real‑world tasks, data, and feedback, and further strengthen SenseTime’s unified multimodal models and system‑level delivery capabilities.

SenseTime is deepening its “Three-pillar Framework”: one model system to raise the ceiling of intelligence and expand agents’ ability to handle complex tasks; one Token Factory to improve quality and efficiency, reduce costs, and enhance global delivery capabilities; and one Agent Harness to integrate multimodal models with the Token Factory, enabling AI to complete end‑to‑end tasks in real-world scenarios.

Looking ahead, SenseTime will continue to advance the iteration of multimodal agents, driving the evolution of the Token Factory from pricing based on Token volume to pricing based on task outcomes. The Group will also deepen the application of multi‑agent collaboration across enterprise, individual, and OPC workflows, delivering efficient and reliable productivity solutions to users.

Hashtag: #SenseTime

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

About SenseTime

Founded in 2014, SenseTime is a leading artificial intelligence (AI) software company, committed to its mission of “creating a better AI-empowered future through original innovation”. The Company continues to lead cutting-edge AI research while accelerating the large-scale commercialization of AI technologies.

Leveraging deep academic expertise and strong in-house innovation capabilities, SenseTime continues to enhance its industry-leading multimodal, multi-task general AI capabilities, while fostering a vibrant developer ecosystem through structured open-source initiatives.

SenseTime’s business spans Generative AI, Vision AI, and emerging innovation-driven segments. Underpinned by SenseCore, its next-generation AI infrastructure, the Company integrates computing power, algorithms, and platforms to enable scalable AI deployment. Building on this foundation, SenseTime has developed the SenseNova foundation model series, delivering cost-efficient capabilities across a wide range of general AI tasks. SenseTime continues to lead the global Vision AI market, ranking No.1 worldwide by market share. Its SenseFoundry platform integrates years of accumulated computer vision expertise with advanced multimodal foundation models, providing stable and efficient Vision AI solutions to industries worldwide.

SenseTime is listed on The Stock Exchange of Hong Kong, with operations spanning more than a dozen countries and regions.

The financing is a key milestone for TW1 Empyrion Digital’s strategy of developing high-quality digital infrastructure across Asia’s key markets.

Located in Neihu, Taipei, TW1 is a carrier-neutral colocation facility designed to meet Taiwan’s growing demand for reliable, scalable and well-connected digital infrastructure. The facility will offer colocation solutions to enterprise, cloud and digital infrastructure customers with the capacity and connectivity to support AI deployment alongside their evolving compute needs.

Teruo Iwamoto, Chief Financial Officer of Empyrion Digital, said:

“Closing this financing is another important step in our growth in Taiwan. It reflects the strong fundamentals of TW1 and our financing partner’s confidence in the project and Taiwan’s broader digital infrastructure market. We thank E.Sun Bank, our advisers and all our partners for their support throughout the financing process.”

E.Sun Bank, said:

E.Sun Bank is pleased to support Empyrion Digital in the financing of TW1. As AI, cloud computing and digital services continue to grow, resilient and high-quality digital infrastructure is becoming increasingly important to Taiwan’s digital economy. E.Sun Bank is committed to leveraging its financial expertise to support quality infrastructure projects with long-term development potential. We look forward to building a strong partnership with Empyrion Digital as TW1 progresses.”

The financing underpins the continued development of TW1 as Empyrion Digital advances its data centre portfolio across Asia. The company remains focused on delivering strategically located, high-quality colocation infrastructure to meet the region’s growing demand for AI, cloud, connectivity and data-intensive applications.

Empyrion Digital thanks E.Sun Bank, its advisers and the wider project team for their contributions to the successful completion of this financing.

Hashtag: #EmpyrionDigital

https://empyriondigital.com/
https://www.linkedin.com/company/empyrion-digital/

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

About Empyrion Digital

Empyrion Digital is a next-generation digital infrastructure platform committed to sustainable practices and operational excellence. Green-by-design, we develop and operate scalable, carrier-neutral AI-capable data centres for hyperscale and enterprise customers across Asia.

Headquartered in Singapore, Empyrion Digital is a portfolio company of Seraya Partners, a leading Asia infrastructure fund with USD 2.7 billion of assets under management.

For more information, visit www.empyriondigital.com.

Arjavi Indraneesh Iraq’s proposal for a joint security council bringing Saudi Arabia and Iran into a formal mechanism is more than another attempt at regional mediation. It reflects Baghdad’s growing conviction that diplomatic contact between the two powers, while valuable, is no longer sufficient to prevent security crises from spilling across borders. National Security Adviser […]

The article Iraq tests new security formula for Saudi-Iran rivalry appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

The facility, launched on August 18, expands the company’s Korea region only about 14 months after its second data centre began operating. Alibaba Cloud established its first South Korean data centre in 2022 after entering the market in 2016, reflecting a faster infrastructure build-out as demand for generative AI and enterprise AI agents increases.

The third site adds capacity for computing, storage, networking, databases, security, containers and cloud-native services. It will also support workloads requiring lower latency and stronger disaster-recovery arrangements, while giving customers more options to distribute applications across separate facilities.

Alibaba Cloud has not disclosed the new centre’s power capacity, investment cost, number of graphics processing units or current utilisation rate. The company has indicated that additional computing equipment can be installed as customer demand expands.

Operating three data centres also changes the resilience of Alibaba Cloud’s South Korean infrastructure. With two facilities, disruption at one centre could leave the remaining location handling workloads alone. The addition of a third allows applications to remain distributed between two facilities if another suffers an outage.

The expanded configuration has enabled Alibaba Cloud to raise the service-level availability commitment for its Korea region from 99.95% to 99.99%, strengthening its pitch to companies running business-critical applications and AI services.

Enterprise AI is becoming an increasingly important part of that strategy. Alibaba Cloud is introducing six agentic AI services in South Korea covering development, testing, deployment, operations and cybersecurity. They include AgentRun, STAROps, ACS Agent Sandbox, Agent Security Center, AI Security Guardrails 2.0 and Agentic SOC.

The services are aimed at companies seeking to move AI agents from experimental projects into production environments, where governance, reliability and security become more demanding. Enterprises are increasingly looking beyond access to large language models towards infrastructure capable of operating autonomous or semi-autonomous software agents at scale.

Alibaba Cloud is pairing those services with its broader full-stack AI offering, including infrastructure, development platforms and the Qwen family of AI models. Qwen models have recorded more than 3 billion downloads globally, while developers have created more than 300,000 derivative models based on the family.

South Korean companies are already using parts of Alibaba Cloud’s AI ecosystem. Gwangju-based Gendive has integrated Alibaba models including Wan for video generation and HappyHorse for image generation into its DevDive enterprise automation platform. NAVER Z’s ZEPETO platform also uses Alibaba Cloud infrastructure to support real-time 3D avatar generation and immersive services across Asian markets.

Alibaba Cloud has built local partnerships with companies including Megazone Soft and Team Sparta, seeking to combine its infrastructure with consulting, implementation and industry-specific services. Such alliances are important in a South Korean cloud market where global hyperscalers compete with strong domestic technology groups.

Data sovereignty is another factor shaping cloud investment. Businesses handling sensitive information increasingly want workloads hosted within national borders, particularly as regulators pay greater attention to cybersecurity, resilience and governance surrounding AI systems. Alibaba Cloud says its South Korean infrastructure is designed to comply with applicable local data-protection and cybersecurity requirements.

The Korea expansion forms part of Alibaba’s wider commitment to spend about 380 billion yuan, roughly $53 billion when the programme was announced, on AI and cloud infrastructure over three years. The group has already committed substantial capital to computing capacity, chips and AI development as it attempts to establish cloud services as a larger growth engine.

Alibaba Cloud revenue rose sharply in the April-June quarter of 2026, with cloud and AI-related sales reaching about 48.4 billion yuan and growing 45% from a year earlier. The expansion has come at a cost: Alibaba’s quarterly capital expenditure climbed to nearly 67.7 billion yuan as spending on computing infrastructure and semiconductor components increased.

The company has also expanded cloud infrastructure in France, Japan, Malaysia and Mexico. With the new South Korean facility, Alibaba Cloud says its global network has reached 104 availability zones across 30 regions.

This year’s Games feature major upgrades in both scale and competition design. A total of 1,301 competitions across 51 events will see 2,056 humanoid robots from 666 teams worldwide take part. The number of events has nearly doubled from 26 in the inaugural Games to 51 this year, with new high-intensity head-to-head events such as table tennis and kickboxing. Scenario-based competitions have also expanded into real-world settings including industrial production, hotels, homes, and logistics, while dance events place greater emphasis on synchronized movement across multiple robots. More autonomous competition formats and significantly higher task complexity are placing stringent demands on networks for high-capacity uplink, millisecond-level responsiveness, and high reliability, supporting real-time robot telemetry, precise control signaling, and multi-robot coordination.

To meet these requirements, China Unicom Beijing and Huawei deployed a dedicated 100 MHz network, complemented by a 300 MHz LampSite ultra-wideband indoor network, to support real-time robot telemetry and precise signaling exchange. A dedicated 5QI 7 slice combined with carrier isolation keeps end-to-end latency for humanoid robots within 30 milliseconds, supporting millisecond-level decision-making and response while helping ensure the precision of multi-robot coordination, obstacle avoidance, and fine-motion control.

By further integrating the dedicated network with BeiDou RTK (Real-Time Kinematic) positioning, the solution delivers decimeter- to sub-decimeter-level positioning accuracy, supporting autonomous navigation, agile obstacle avoidance, and precision racing in complex environments. On-site tests recorded a peak uplink speed of 1 Gbps, with average latency below 30 milliseconds.

While safeguarding mission-critical connectivity for the robots, China Unicom has also made the network experience of on-site spectators a priority. To address the high-density, heavy-traffic demands of large crowds, network resources and service assurance policies are dynamically adjusted according to different phases and areas of the event, including admission, waiting, competition, and departure. Core services such as instant messaging, ticket inquiries, QR-code admission, and mobile payments are prioritized for stable access, while the network also accommodates data-intensive services such as photo uploads, short-video sharing, and live streaming. This allows spectators to stay connected, interact seamlessly, and share highlights in real time even during peak traffic periods.

On the operations side, China Unicom has also developed China’s first embodied AI robot management platform designed for event scenarios. Through a unique network ID assigned to each robot, event staff can monitor its location within the venue, competition status, and operational metrics in real time, creating a closed-loop operations and management system.

Yang Lifan, Deputy General Manager of China Unicom Beijing, said: “This network deployment is not only a real-world test of China Unicom’s network capabilities; it will also help us accumulate valuable network assurance experience for the large-scale deployment of embodied AI. China Unicom will continue to build on the experience gained through the 5G Capital initiative and turn technological innovation into tangible and replicable network capabilities for the Mobile AI era. In doing so, we aim to support industrial innovation and help bring Chinese solutions to the world with China Unicom’s expertise.”

David Li, President of Huawei’s Wireless TDD Product Line, said: “The 2nd World Humanoid Robot Games have provided a compelling real-world validation of the 5G-A 100 MHz GigaUplink network based on 3.5 GHz 2CC + 2.1 GHz SUL for embodied AI scenarios. Looking ahead, Huawei will continue to work with China Unicom Beijing to strengthen uplink capabilities and advance spectrum coordination, building multidimensional network capabilities with tiered and differentiated service assurance for multimodal device-to-cloud transmission. This will enable real-time interaction and precise control across a wide range of embodied AI scenarios.

“Networks are about more than speed. Low latency, high reliability, and ubiquitous coverage are equally important. Building on these capabilities, we will further advance the 5G Capital initiative, continue to expand the boundaries of network performance, and lay a solid foundation for the Mobile AI era, working with industry partners to enable an intelligent future.”

Hashtag: #Huawei #WorldHumanoidRobotGames

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

Firmly Implementing the “Single Brand, Multi-categories, Diversified Channels” Strategy; Super BOOM Capsule Technology Achieves Full Commercialization; Deepens Global Professional Sports Resources Together with Curry

FINANCIAL HIGHLIGHTS

• In the first half of the year, the Group recorded the following operating results:
  • Revenue rose by 2.8% to RMB15,235 million; gross profit margin increased by 0.9 percentage points to 50.9%
  • Net operating cash inflow was RMB954 million
  • Net profit attributable to equity holders was RMB1,816 million with net profit margin of 11.9%, and EBITDA margin was 22.1%
• Working capital remained at a healthy level:
  • The percentage of gross average working capital to revenue was 7.8%
  • The cash conversion cycle was 35 days, an increase of 4 days compared with the same period last year
• The Board resolved to declare an interim dividend of RMB35.12 cents per ordinary share of the Company issued or to be issued upon conversion of convertible securities for the six months ended 30 June 2026.

OPERATIONAL HIGHLIGHTS

• The retail sell-through for the overall platform increased by low-single-digit from last year, including online and offline channels.
• Offline channel new products sell-through accounted for 83% of overall offline channel sell-through, maintaining a healthy and reasonable level.
• Channel inventory-to-sales ratio of 4 months; and inventory level and ageing structure remained at a healthy level.

HONG KONG SAR – Media OutReach Newswire – 20 August 2026 – Li Ning Company Limited (“Li Ning” or the “Company”, together with its subsidiaries, collectively the “Group”; Hong Kong Stock Exchange stock codes: 2331 (HKD counter) and 82331 (RMB counter)) today announced the unaudited interim results of the Group for the six months ended 30 June 2026 (the “Reporting Period”).

FINANCIAL RESULTS

In the first half of 2026, the Group continued to enhance product technology performance, optimise channel efficiency and deepen its professional brand mindset, maintaining steady operations. During the period, the Group’s revenue reached RMB15,235 million, up 2.8% year-on-year (2025: RMB14,817 million). Gross profit was RMB7,751 million, up 4.5% year-on-year (2025: RMB7,415 million), and the Group’s overall gross profit margin was 50.9%, up 0.9 percentage points year-on-year (2025: 50.0%).

During the period, profit attributable to equity holders of the Group was RMB1,816 million (2025: RMB1,737 million); the margin of profit attributable to equity holders was 11.9% (2025: 11.7%); and return on equity attributable to equity holders was 6.5% (2025: 6.5%). Basic earnings per share were RMB70.40 cents (2025: RMB67.43 cents). The Board resolved to declare an interim dividend of RMB35.12 cents per ordinary share of the Company issued or to be issued upon conversion of convertible securities for the six months ended 30 June 2026 (2025: RMB33.59 cents).

In terms of cash flow management, net cash generated from operating activities during the period amounted to RMB954 million (2025: RMB2,411 million). As at 30 June 2026, cash and cash equivalents (including cash at banks and in hand, and fixed term deposits with original maturity of not more than three months) amounted to RMB13,003 million, a decrease of RMB3,713 million compared with 31 December 2025. Adding back amounts recorded in bank time deposits, the cash balance was RMB19,389 million, a net decrease of RMB585 million compared with 31 December 2025. During the period, revenue increased year-on-year while cash expenses such as marketing expenses and taxes increased, resulting in a year-on-year decrease in net cash generated from operating activities; an increase in time deposits led to a significant increase in net cash used in investing activities. The Group will continue to prioritise cash flow management to ensure the stable development of the Company in the long term.

BUSINESS OVERVIEW

In the first half of 2026, the Group firmly implemented its core development strategy of “Single Brand, Multi-categories, Diversified Channels”. On one hand, it continuously strengthened the core of professional sports technology and product performance, consolidating the brand’s professional mindset in niche segments; on the other hand, it continuously deepened its highly efficient operating model, maintaining solid operating fundamentals and a healthy inventory level.

In terms of product upgrades, the Group drove iterative upgrades in the performance of its core category products through technological innovation, and coordinated the synergistic development of the core categories of running, basketball, training, badminton, table tennis and sports casual. The Group launched its “Super BOOM Capsule” technology, applied to racing running shoe series such as Feidian and Red Hare, covering the full-scenario needs of competitive training, elite and mass runners; the LI-NING Aerospace Dynamic Thermal Technology was applied to the award equipment of the Chinese Sports Delegation at the 2026 Milan Winter Olympics. The Group also expanded its outdoor product matrix and accelerated its layout in the outdoor market.

In terms of brand communication, the Group focused on building an all-round sports resource system represented by its cooperation with the Chinese Olympic Committee (the “COC”) and top international athlete IPs. During the period, the Group continued to strengthen its strategic partnership with the Chinese Olympic Committee, developing podium wear for the Chinese sports delegation competing at the 2026 Milan Winter Olympics, and establishing a presence at the “China House” in Milan, working alongside the Chinese Olympic Committee to showcase the strength of Chinese sports. In addition, the Group entered into a long-term strategic partnership with NBA superstar Stephen Curry and his brand “Curry Brand”, cooperating on the research and development of professional basketball equipment, the promotion of event culture, and the expansion of new-generation consumer groups, enhancing LI-NING’s professional sports brand perception and international exposure.

In terms of channels, the Group continued to deepen strategic synergy with leading commercial complexes and orderly carried out the planning and roll-out of innovative store formats. During the period, the standalone outdoor store “COUNTERFLOW” officially opened in Chongqing, laying the foundation for the Group’s outdoor category to deepen its presence in the Southwest regional market; the Group’s cooperation with quality commercial resources also entered a new stage, creating favourable conditions for the concentrated opening of multiple “Loong Stores” in the second half of the year. At the same time, the Group continued to optimise its rental structures and commercial cooperation models, enhancing the overall operating health of its channels.

In terms of retail operations, the Group promoted dual-driven growth in products and brand by establishing a high-tier market operating model and a distribution business operating model. In high-tier markets, the Group strengthened its brand image around three dimensions, namely channel structure optimisation, refinement of store product mix and upgrading the shopping experience, driving incremental capture of brand elevation and category depth. In terms of distribution business, the Group concurrently established a distribution management model to enhance distribution efficiency and the sustainable operating capability of the channel. In terms of terminal operating capability, the Group continued to drive the implementation of retail standards on a project basis, strengthened coordination efficiency between headquarters and terminals, and enhanced sports advisors’ customer reception capability and professional service standards, comprehensively improving consumers’ shopping experience in LI-NING stores and laying the foundation for enhanced single-store operating efficiency.

In terms of e-commerce operations, the Group leveraged key promotional opportunities including Tmall Celebration Day, Goddess Festival and 618 to precisely target new-customer acquisition and deeply reach female consumer groups, effectively driving simultaneous growth in sales scale and brand influence. The Group also converted cutting-edge technology into quality product experiences, coordinated Olympic champions and celebrity spokesperson resources, and worked with fashion magazines, trend events and social media platforms to continuously consolidate its professional sports mindset. Flagship products including basketball shoes Gamma 2, LI REN 6V2 and DLO 2, as well as the running shoe matrix of Wushi, Youzhi and Zhui Feng, all achieved notable results in expanding awareness and increasing sales, while the Feeling family remained ranked first in searches in the thin-soled shoe segment.

In terms of new retail business, the Group established a new retail department to focus on mapping out its omni-channel growth business model. Through the O2O model, it connected online and offline merchandise pools, providing consumers with a more consistent and efficient shopping experience. The Group also accelerated its layout on mainstream instant-retail platforms, making concerted efforts across three areas: channel store expansion, merchandise matching and refined single-store operations. On the one hand, it fully leveraged the Group’s multi-category advantages, expanding product coverage on the basis of core categories such as running shoes, basketball shoes and lifestyle apparel in combination with sports and lifestyle scenario needs; on the other hand, it strengthened the supply of seasonal categories such as outdoor and sun protection around consumption nodes such as holiday travel, driving stable growth in sales scale for the instant-retail channel.

In terms of product management, to respond to market competition, the Group increased its technology investment in high-end professional running shoes, leveraging the “Feidian” family driven by “Super BOOM Capsule” technology and the brand-new “Red Hare ULTRA” series to consolidate the brand’s product mindset and market position among professional runners. While the basketball shoe market faced challenges, the Group relied on core signature models combined with an e-commerce-channel-led promotion strategy to keep basketball shoe sales stable across directly-operated and e-commerce channels. The Group also actively applied flexible supply models such as segmented production and rolling replenishment orders, dynamically adjusting order scale according to actual sales and, in particular, carrying out refined control of the inventory structure for the running shoe category, maintaining healthy inventory levels amid a challenging market environment.

In terms of supply chain and logistics, the Group continued to advance the building of a large supply-chain system across five directions: planning management, quality control, cost management, development management and digital-intelligence transformation. The Group actively advanced the development of its Glory Gold Label series to safeguard the supply of top-tier event equipment, while also promoting the implementation of AI and 3DVR design and development processes for footwear, substantially shortening the R&D cycle. On the logistics front, the Group advanced omni-channel logistics integration, connecting online and offline inventory, and continued to drive warehouse automation and the application of RFID technology, improving the efficiency of goods flow and the precision of inventory management.

OUTLOOK

Looking ahead to the second half of 2026, the Group will continue to seize the development opportunities arising from the ongoing release of domestic demand potential, uphold its core value of ” Serve With Sportsmanship “, continuously refine the “LI-NING’s experience value”, and strive to become the preferred professional sports brand trusted by consumers in the sports consumption sector.

1. Technology-driven product upgrades: The Group will continue to adhere to technological innovation as its core driving force, strengthening the core competitiveness of its products through the three major levers of its technology innovation platform, a full-scenario category matrix and Eastern aesthetics, while reinforcing its layout in high-potential tracks such as professional sports and urban outdoor.
2. Top-tier resources empowering the brand: The Group will coordinate its domestic and overseas marketing resources. By leveraging core resource deployments such as its partnership with the Chinese Olympic Committee and collaborations with superstar IPs, the Group will build a multi-dimensional, long-term and high-conversion communication system. The Group will continue to deepen its long-term cooperation with the Chinese Olympic Committee, supporting the Chinese sports delegation as it competes in international events such as the 2026 Asian Games, and will deepen its strategic cooperation with Stephen Curry and “Curry Brand”.
3. Elevating both the quality and efficiency of business operations: The Group will focus on the three core pillars of channel layout, merchandise systems and supply chain integration, accelerating online-offline integration, prioritising the scalable replication of innovative store formats such as “Loong Store”, and building a flexible supply chain system that is high-efficiency, low-cost and fast-response.
4. Strengthening the foundation to safeguard development: The Group will reinforce its operating foundation across talent, finance and digital intelligence, building out its talent pipeline, maintaining ample cash flow and a rigorous risk control mechanism, and advancing the deep penetration of artificial intelligence and digital technologies across the full scenarios of R&D, production and channels.

Mr. Li Ning, Executive Chairman and Joint Chief Executive Officer of the Group, commented,“The year 2026 marks the opening year of the ’15th Five-Year Plan’. Although the external trade landscape was complex and volatile in the first half of the year and structural divergence in the domestic consumer market persisted, consumption in functional niche segments such as professional sports and urban outdoor remained resilient, supported by a series of national policies to expand domestic demand and promote consumption. Facing a challenging external environment, the Group firmly implemented its core development strategy of ‘Single Brand, Multi-categories, Diversified Channels’, achieving steady growth in both revenue and profit while maintaining healthy inventory and working capital levels, a clear demonstration of the resilience of the Group’s operating fundamentals.

Looking ahead to the second half of the year, we will stay rooted locally while looking to the future, seizing the structural opportunities brought by the ’15th Five-Year Plan’ policies to expand domestic demand and build a leading sports nation, advancing the scalable replication of innovative store formats such as ‘Loong Store’, deepening the dual drivers of technological innovation and top-tier sports resources, so as to deliver higher-quality and more sustainable steady operations in return for the long-term trust of our consumers and shareholders.”

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.

Navigating Market Cycles with Operational Resilience, Core Business Stabilizes and Rebounds, Marking a Strategic Turnaround and New Growth Phase

HONG KONG SAR – Media OutReach Newswire – 20 August 2026 – ZJLD Group Inc. (“ZJLD” or the “Company”, together with the Company’s subsidiaries, collectively the “Group”) (SEHK stock code: 06979.HK), a flagship enterprise in China’s baijiu industry and the first baijiu company listed on the Hong Kong Stock Exchange, is pleased to announce its interim financial results for the six months ended 30 June 2026 (“FY 2026 1H” or the “Period”)

In the first half of 2026, the broader baijiu industry operated within a demanding macroeconomic environment characterized by structural adjustments and sluggish consumer demand. In response to cyclical headwinds during the Period, the Group proactively optimized its operational strategies, strengthened healthy channel management, and accelerated digital innovation, resulting in comprehensive stabilization and an operational rebound. The year 2026 marks a pivotal strategic inflection point for ZJLD, signaling the completion of a two-year industry-driven consolidation and the onset of a new high-quality growth cycle.

The key financial and business highlights are as follows:

Optimized Product Mix Drives Profitability; Multi-Brand Synergy Amplifies Resilience

• During the Period, the Group recorded revenue of RMB 2,546.1 million, representing a 2.0% year-on-year increase. Gross profit increased by 3.2% to RMB 1,520.9 million, while Adjusted Net Profit reached RMB 626.1 million, up 2.1% year-on-year. Benefiting from an expanded revenue contribution of Sub-premium products and the Li Du brand, alongside streamlined production efficiencies, the Group’s gross margin expanded by 0.7 percentage points to 59.7%. Net cash operation cash outflow narrowed significantly by 27.4%, underscoring rigorous cash flow management and prudent risk control.
• Zhenjiu (Flagship Brand): Generated RMB 1,342.4 million in revenue during the Period, accounting for 52.7% of total revenue. The Group exercised disciplined control over channel fulfilment ahead of the launch of the next-generation Zhen 15 to safeguard channel pricing integrity. Meanwhile, the strategic flagship product “Da Zhen” achieved strong growth and explosive nationwide expansion across 31 provinces and 280 cities, driving Zhenjiu’s gross margin up to 59.8%.
• Li Du (Second Growth Engine): Accelerated its growth momentum, recording revenue of RMB 788.0 million, sharply up 28.9% year-on-year. Driven by the national expansion of its Sub-premium and Mid-tier product portfolio, such as Li Du Sorghum 1975 (李渡高粱 1975), Li Du Sorghum * Changyin Collection Series (李渡高粱酒 · 暢飲珍藏版), and the Li Du King Series (李渡王系列), Li Du demonstrated formidable, explosive market penetration and volume growth.
• Xiangjiao & Kaikouxiao (Regional Powerhouse): Maintained solid market share within Hunan Province, generating RMB 282.8 million, up 2.0% year-on-year, and RMB 81.8 million, up 1.0% year-on-year, respectively in revenue, both delivering sustained market stabilization and modest growth.
• Sub-Premium Baijiu Segment: Delivered exceptional performance, achieving revenue of RMB 1,366.1 million, up 39.1% year-on-year. The segment’s contribution to overall revenue surged from 39.3% to 53.7%, reflecting the Group’s agile realignment with evolving consumer shifts toward rational spending and banquet occasions (e.g., weddings and celebrations), successfully capturing growth opportunities in the sub-premium segment.
• The Board of Directors does not recommend the declaration of an interim dividend for the six months ended 30 June 2026 (FY 2025 1H: nil).

Strategic Agility: Pioneering Channel Innovation & Digital Synergy as Dual-Engine
The Group’s proprietary “Premier Retailers Alliance” model and the Monthly Profit-sharing Model (“月月分利模式”) designed for the 5th Generation Zhen 15 have effectively resolved long-standing industry pain points, such as price inversion and distributor margin compression. By establishing competitive monthly margins, automating online ordering, and offering a share-linked sales incentive plan with certain distributors, the Group successfully attracted and retained high-calibre distributors with strong group-selling capabilities and direct access to end consumers. As of 30 June 2026, the Group’s distributor network expanded to 8,993 partners, an increase of 710 from the end of 2025.

Complementing this channel evolution, the Group adopted an omnichannel marketing framework combining “Community Penetration + Digital Empowerment”. Chairman Wu Xiangdong’s executive video channel (“Wu Jindong – ZJLD, 吳金東－珍酒李渡“) and regional cultural livestreams topped the “Entrepreneur Video IP 100 List” (企業家視頻IP100榜單) for seven consecutive months, averaging over one million views per broadcast. This sparked widespread co-created content with members of the Premier Retailers Alliance (萬商聯盟), creating a powerful online-to-offline traffic funnel. Simultaneously, Zhenjiu’s brand value rose to RMB 34.685 billion, a 103% gain over five years, solidifying among China’s top three sauce-aroma baijiu brands.

Forward-Looking AI Integration and Enterprise Digitization
The Group anchors its digital transformation strategy on operational capability and sustainable value creation. During the Period, in partnership with China Unicom, the Group developed an “AI + Expert Blending” framework powered by Large Language Models (LLMs). This synthesis of traditional heritage and advanced AI enables intelligent blending, elevating consistency, efficiency and craft precision. Furthermore, the Group upgraded Da Zhen‘s digital coding system to a “Six-Code” integration architecture, incorporating NFC anti-counterfeiting and ceramic jar storage metrics, as well as an RFID smart case labelling system to track and ensure precise volumetric measurement and end-to-end lifecycle traceability for every Da Zhen product. Zhenjiu was also awarded the national Data Management Capability Maturity Model (DCMM) Level 3 (Robust) accreditation, further validating its AI deployment and digital leadership.

Deepening Operational Foundations to Drive the New High-Quality Growth Cycle
Looking ahead to the second half of 2026 and beyond, ZJLD will maintain strategic poise by extending proven operational frameworks, such as the “Premier Retailers Alliance” and “Monthly Profit-sharing Model” to Zhen 30 and other core product lines. This initiative will precisely activate high-end and mid-tier markets while strengthening portfolio synergies across all price ranges. Concurrently, the Group will deepen its operation-sales decoupling (營銷分離) mechanism, rigorously monitor channel pricing, protect distributor profitability, and prioritize storage facility construction across its five major production facilities, namely Zhen Jiu Mao Tai Shuang Long (茅台鎮雙龍), Zhen Jiu Bai Yan Gou (白岩溝), Zhen Jiu Zhao Jia Gou (趙家溝), Li Du Zheng Jia Shan (鄭家山) and Xiang Jiao Jiang Bei (江北) to reinforce its long-term competitive moat.

Mr. Wu Xiangdong, Founder and Chairman of ZJLD Group, remarked, “Baijiu is a business that demands patience and reverence—time speaks through quality, and authentic fragrance endures. Over two years of industry rebalancing, our distributor partners and we have navigated genuine challenges and hardships; yet this period offered an invaluable window for reflection, consolidation, and self-reinvention. The deeper the valley, the more vital it is to stay grounded and focus on disciplined execution. Our stabilization in the first half of 2026 is the natural reward of diligent work and marks the dawn of a new growth phase. There are no shortcuts in business—only an uncompromising pursuit of quality, continuous market exploration, and adaptability in the face of change. In times of adversity, we chose to brew finer liquor, preserve channel profitability, and deliver utmost sincerity to our consumers. The launch of the ‘Premier Retailers Alliance’ and ‘Monthly Profit-sharing Model’ models ensures that every partner who trusts ZJLD enjoys security, clarity, and equitable rewards amid challenging conditions.

Engaging directly with consumers and merchants through digital broadcasts has reinvigorated my entrepreneurial passion and joy, which I felt when I first entered the baijiu industry. The consumers’ appreciation for fine baijiu remains undiminished, and their yearning for a better life remains passionate. 2026 serves as ZJLD’s springboard for a renewed journey. We remain a dedicated team of idealistic distillers, honoring nature’s harvest, grateful for the passage of time, and optimistic about the industry’s future. ZJLD will move forward with resilience, innovation, and an open heart alongside all our companions—cheers to bright moments and the journey ahead.”

Hashtag: #ZJLDGroup

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

About ZJLD Group Inc.

Zhen Jiu was established in 1975 in Zunyi, Kweichow, China’s primary production area of sauce-aroma baijiu. In 1988, it was honored with the National Quality Award at the 5th National Wine Appreciation Conference. In the same year, it was announced by the Protocol Department of the Ministry of Foreign Affairs, the Communication Department of the Ministry of Economy and Trade, and the Great Hall of the People Management Bureau to become one of the two sauce-aroma baijiu served at state banquets. It is also known as one of the “Three Representative Baijiu Brands in Kweichow”.

ZJLD Group Inc. is a leading baijiu group in China devoted to offering premium baijiu products, including sauce-aroma, mixed-aroma, and strong-aroma varieties. According to Frost & Sullivan statistics, the flagship brand Zhenjiu has maintained its position for two consecutive years (2023 and 2024) as the fourth-largest sauce-aroma baijiu brand in China and the third-largest in Guizhou Province, by revenue. The Company operates four baijiu brands in China, including two national baijiu brands, Zhen Jiu and Li Du, and two regional brands, Xiangjiao and Kaikouxiao. ZJLD prides itself on inheriting the time-honored baijiu-brewing techniques and reinvigorating them to develop iconic products. It strives to create a wide variety of aromatic and mellow baijiu products to meet consumers’ diverse preferences, seize broader market opportunities, and promote traditional Chinese baijiu culture.

The event was attended by core management of Tesson Holdings : Chairman and Executive Director, Mr. Wei Mingren; Executive Director and Chief Executive Officer, Mr. Li Jingquan; Executive Director, Mr. Li Yang; as well as distinguished guests including Ms. Li Jinying (李錦瑩), President of Logistics Planning Research Institute of CFLP; Mr. Yan An (閆安), President of the Digital Lianli Research Institute of the Jiangxi Centre of the Chinese Academy of Sciences (CAS) (中科院江西中心數字連理研究院); Professor Yu Changyuan, Chairman of Anlaseo Technology; and Dr. Cheng Zhi, Chief Executive Officer of Anlaseo Technology.

Strategic Evolution: From “Battery Manufacturing” to “Smart Energy Operation”

Tesson Holdings has long been engaged in the research, manufacturing and sales of lithium-ion motive batteries. In 2025, the Company launched its Hong Kong-based “photovoltaic storage charging and checking” AI-inspected ultra-fast charging and zero-carbon microgrid asset operation business, completing the acquisition of the assets of seven new energy integrated service stations and marking its first step towards strategic recharge.

Mr. Wei Mingren said that the recharge does not represent a departure from the Company’s existing industrial foundation, but rather based on the company’s past decade of industrial foundation of the system of motive battery manufacturing business, the experience of the operation of charging network in Hong Kong and the capabilties of industrial integration and capital management.”Based on our manufacturing foundation, Tesson Holdings is accelerating its transformation into a smart energy platform operator, enabling every unit of electricity to unleash greater value.”

Mr. Li Jingquan outlined development pathway of the company:”Battery manufacturing → zero-carbon microgrid and energy storage operations → AI-powered electricity trading and carbon-energy asset management platform.”

He noted that Tesson will leverage its “photovoltaic storage charging and checking” microgrid operations as an entry point, collaborate with supply chain partners to develop zero-carbon microgrids and virtual power plants, while strategic upgrade gradually from an energy equipments manufacturer into a smart energy platform operator.

Mr. Li Yang further elaborated on the company’s core competitiveness built around “Data, Intelligence and Electricity”:”Data” represents the credible data base; “Intelligence” represents the AI-driven capabilities of electricity trading; “Electricity” represents capabilities of electrical assets operation.

The Company will expand its regional market presence actively, aim to secure over 10% of regional market share in multiple cities, and building an operating ecosystem servicing up to 10 billion kWh of electricity consumption.

Industrial Opportunities: Policy Support Driving New Energy Infrastructure Development in Mainland China and Hong Kong

Ms. Li Jinying (李錦瑩) noted that China is simultaneously advancing the upgrading and restructure of two major infrastructure networks — the new power system and modern logistics network.

She highlighted that logistics facilities are evolving beyond traditional transportation hubs into important industrial platforms for energy consumption, green transformation and electrical data collection. The cooperative operation of energy flows, logistics flows and data flows is reshaping the pattern of national infrastructure. Tesson Smart Energy timely deploy related industries

Since 2026, the company has entered into strategic cooperation memorandum of understanding with DST Sustainable Technology (Shenzhen) Co., Ltd. (地上鐵綠色科技（深圳）股份有限公司) (DST) and China Railway First Group Co., Ltd respectively. The first pilot project of China Railway First Group, located at car park of Hoi Wang Road in Tsuen Wan, Hong Kong, and will be developed into a zero-carbon integrated facility combining parking, charging and vehicle inspection functions.

Meanwhile, the joint venture company established with DST plans to build 10 more multi-functional battery swapping stations.

The launch event follows the completion of the Company’s financing activity of placing of new shares. With the completion financing activity of placing, strategic launching and industrial partnership signings simultaneously, signaling the new energy strategic of”Tesson Smart Energy”which is driven by “Technology + Industry + Capital” formally set sail.

Strategic Partnerships Covering the Full “Industry–Research–Application” Value Chain

The three strategic partnership signings at the event covering national think tank, research institutions and university spin-offs, surrounding modern power and development of new energy ecosystem, forming a complete layout from strategic planning, technology development and commercial application.

Mr. Wei Mingren said the significance of these signings is not only “plans announcing”, but rather is “in progress and amplifying the outcomes through ecological cooperation”.

The cooperation between Tesson Holdings and Logistics Planning Research Institute of CFLP is particularly crucial. Both parties will establish a joint venture big data operation company in Beijing to formally advance to transport logistics, important scenario of power consumption.

As a national logistics think tank and the Purchasing Managers’ Index (PMI) publishing organization, the Logistics Planning Research Institute of CFLP, both parties will work together to explore the integration path of new and renewable energy power and green logistics, pushing logistics industry to upgrade in the direction of low-carbonization and intelligentization.

Afterwards, Tesson Holdings also signed a strategic cooperation agreement with Zhongke Lianli (中科连理) focusing on development of industrial brain data resource, digitization of logistics hub energy and scenario collaboration of modernized power grid, further improving the capabilities of digitization and intelligentization of new energy industry

Finally, Tesson Holdings entered into a strategic partnership with Hong Kong Polytechnic University Anlaseo Technolgy, which is a startup incubator of Hong Kong Polytechnic University. Anlaseo Technology was also subsidized by the Hong Kong Government’s “Research, Academic and Industry Sectors One-plus Scheme (RAISe+)”.Its intelligent battery sensor system enabling intelligent lifecycle monitoring of batteries through edge computing and AI algorithm, providing the core technological support in the of field of such as electrical safety awareness and smart management. .

Future Outlook: Anchoring the Strategic Position of Smart Energy Platform Operator

With the upgrade of strategy of “Tesson Smart Energy” and the implementation of significant industrial cooperation partnership signings, Tesson Holdings is in the stage of systematically advancing the deployment of new energy ecosystem.

Looking ahead, Tesson Holdings will continue advancing systematic deployment across energy generation, distribution and consumption sectors with core strategic brand of “Tesson Smart Energy”.

Through a dual strategy combining strategic acquisitions and organic development, Tesson Holdings aims to build an integrated new energy ecosystem covering renewable energy generation, energy storage, charging infrastructure, electricity trading and carbon-energy asset management.

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About Tesson Holdings

Tesson Holdings Limited (Stock Code: 01201.HK) is a company listed on Hong Kong Exchanges and Clearing Limited principally engaged in the research, manufacturing and sale of lithium ion motive battery and investment and operation of new energy electric vehicles ultra-fast charging stations

On 10 August 2026, the company formally launches the newest strategic brand “Tesson Smart Energy” accelerate new business innovation such as the deployment of photovoltaic storage charging and checking zero-carbon microgrid, AI-powered electricity trading, operation of carbon-energy assets, transforming into a premier new energy smart electricity platform operator.