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In addition, Linklogis has always placed shareholder interests at the core of its corporate governance, rewarding investors’ trust through sustained and tangible actions. In August 2025, the Board approved a new share repurchase program of no less than US$80 million to be implemented over a one-year period. Under this repurchase program, the company has cumulatively repurchased shares totaling HK$365 million (approximately US$47 million), demonstrating its confidence in its long-term value through concrete actions.

Focusing on Core Business, Accelerating Business Structure Optimization

In 2025, Linklogis remained focused on its core business and accelerated the optimization of its business structure. The total volume of supply chain assets processed by its technology solutions reached RMB508.1 billion, up 27% year-on-year. With a market share of 22%, the company ranked first in the industry for the sixth consecutive year. The number of anchor enterprises served increased to 3,145, including 54 of China’s Top 100 enterprises and 151 of China’s Top 500 enterprises, while the number of financial institution partners reached 428, further improving the efficiency of industry-finance collaboration.

Linklogis’ supply chain finance technology solutions include Anchor Cloud, which consists of Multi-tier Transfer Cloud, AMS Cloud and Treasury Cloud, as well as FI Cloud, which consists of ABS Cloud and eChain Cloud. In 2025, the total volume of supply chain assets processed by Anchor Cloud reached RMB369.6 billion, representing a year-on-year increase of 31%. The total volume of supply chain assets processed by Multi-tier Transfer Cloud reached RMB304.2 billion, surging 47% year-on-year, with its contribution to the group’s total asset volume rising from 52% in 2024 to 60% in 2025. The total volume of supply chain assets processed by AMS Cloud, however, was RMB65.4 billion, down 13% year-on-year due to the continued decline in issuance volume in the supply chain asset securitization market.

The total volume of supply chain assets processed by FI Cloud reached RMB128.9 billion, up 20% year-on-year. Both ABS Cloud and eChain Cloud recorded solid double-digit growth in transaction volume, contributing to a 25% year-on-year increase in FI Cloud revenue. In the ABS Cloud segment, the total volume of supply chain assets processed reached RMB69.1 billion, rising 28% year-on-year. In the eChain Cloud segment, the total volume of supply chain assets processed reached RMB59.7 billion, increasing 13% year-on-year.

Linklogis focused on six key industries, including infrastructure and construction, new energy and advanced manufacturing, and worked with its subsidiary Bytter Technology to deepen targeted cross-selling, achieving breakthroughs in high-quality customer acquisition. Leveraging its one-stop comprehensive industrial-finance solutions and innovative scenario-based applications, Linklogis worked with a number of central and state-owned enterprises and leading private enterprises, including Shougang Group, China Coal Mine Construction Group Corporation and JA Solar Technology, to launch integrated industrial-finance platform projects. At the same time, it provided targeted support to 17 high-quality enterprises, including Shanghai Construction Group, Yunnan Construction and Investment Holding Group and Luzhou Laojiao, covering scenarios such as order financing, bill collateral, and supply chain bill transfer, supporting coordinated growth in both scale and value creation.

Building the “Second Growth Curve”, Unlocking Global Trade Finance Potential

2025 marked a pivotal year for Linklogis’ international business as the company embarked on a new chapter and accelerated the development of its “second growth curve.” During the year, Linklogis officially launched a comprehensive rebranding of its international business, introducing “Unloq” as its new identity for the global market, reflecting its vision of unlocking the potential and efficiency of global trade finance. Guided by a core strategy centered on cross-border trade corridors, scenario-based finance and technology-driven risk management, Unloq is committed to building a globally connected digital supply chain finance platform with strong local execution capabilities.

In line with its core strategy, the company has leveraged its cloud-native technology to launch the innovative “SC+ Platform”, designed to connect global real-world trade with digital finance. The “SC+” signifies its core function of connecting smart contracts with compliant digital payment instruments, forming a technology-enabled solution for global trade finance. The platform is dedicated to building the next-generation digital infrastructure for global trade finance and addressing systemic challenges in cross-border trade, including credit verification, fund turnover, and clearing and settlement efficiency. Through the platform, funders can utilize various compliant payment methods to purchase trade receivables.

To date, Unloq has completed the deployment of the core architecture of the SC+ Platform. Working with multiple commercial partners, Unloq has advanced the rollout of innovative applications leveraging compliant digital payment methods. In 2025, Linklogis successfully secured the bid for a Web3.0-based supply chain finance platform project for a leading central state-owned enterprise, marking a new milestone in its technological capabilities and industry recognition in the field of digital trade infrastructure.

In its international business, Unloq accelerated the expansion of cross-border trade services. In addition to traditional B2B goods trade, cross-border e-commerce and online travel agencies, it also expanded into cross-border logistics, bringing the total number of platform customers to 1,550, representing a net year-on-year increase of 451. With the deeper penetration of the SC+ Platform in cross-border trade finance, the continued expansion of its global localized service network, and the accelerated integration of solutions supporting Chinese enterprises’ overseas expansion, Linklogis’ cross-border and international business is expected to enter a phase of exponential growth in both asset volume and revenue in 2026, embarking on a new chapter of high-quality and sustainable development.

Advancing the “AI-powered Industrial Finance” Strategy: From Internal Empowerment to Industry Value Co-Creation

Linklogis remains committed to its “AI-powered Industrial Finance” strategy and continues to promote the deep integration of AI with supply chain finance across the entire value chain. Built on years of technological expertise and scenario-based refinement, its AI capabilities have evolved from internal productivity tools into a sophisticated intelligence engine that empowers the entire industrial ecosystem. By deeply integrating leading domestic large language models with its proprietary supply chain finance scenario knowledge graph and multimodal business elements, the company has systematically advanced the ongoing iteration and capability enhancement of its self-developed vertical model, LDP-GPT. Building on this foundation, Linklogis has developed the “BeeLink AI Agent” product matrix, covering more than ten core scenarios including intelligent trade document checking, intelligent PBOC registration, intelligent KYC, and intelligent risk management.

In 2025, BeeLink AI Agent continued to deliver breakthroughs in market penetration and commercialization. The number of customers served rose to 42, including domestic and overseas financial institutions and industry leaders such as Standard Chartered Bank, Bank of Hangzhou, and China Electrical Equipment Finance. Processing efficiency improved by 20 times, while accuracy in key processes reached 99%. As AI continues to evolve toward an agent-based paradigm, Linklogis will take “AI Agent+” as a strategic lever to comprehensively upgrade BeeLink AI Agent from functional tools to intelligent collaboration. It will prioritize breakthroughs in advanced capabilities such as cross-system task coordination, natural-language interactive decision-making, and adaptive workflow optimization, enabling customers to move from point intelligence to enterprise-wide intelligence, and from business insights to intelligent decision-making, thereby delivering end-to-end value across the entire value chain.

Linklogis actively responded to China’s “dual carbon” strategy and high-quality development agenda by embedding ESG principles into product innovation and the entire service lifecycle, leveraging technology to advance green finance, inclusive finance, and sustainable development. In 2025, the volume of sustainable supply chain assets served by the company exceeded RMB66.8 billion, representing a year-on-year increase of 80%, with its share of total serviced assets rising from 9% in 2024 to 13% in 2025. During the year, SMEs that obtained financing through Linklogis Supply Chain Multi-tier AR Transfer Platform benefited from an average financing cost of only 2.85%. The company continued to deepen its presence in four key sectors—renewable energy, rural revitalization, environmental protection, and public health—while further expanding into sustainable sectors such as the new energy vehicle supply chain, green buildings, and the circular economy. Through these initiatives, it directed financial resources more precisely to key segments that generate both green and low-carbon benefits and strong social impact, gradually building a broader and more influential sustainable development ecosystem that integrates industry and finance.

Expanding Full-scenario Deployment, Enhancing the Smart Industrial Finance Treasury Product Matrix

Through the acquisition of Bytter Technology, Linklogis made a strategic entry into the corporate treasury management sector. By synergizing management teams and business operations, the company successfully established the Treasury Cloud product line, providing diverse customers with end-to-end treasury management services covering settlement operations, cash planning, financing management, risk monitoring, and intelligent decision-making. As a key component of Linklogis’ “Smart Industrial Finance Treasury” strategy, Treasury Cloud is anchored by a dual-engine approach powered by AI and data, and has established a comprehensive product matrix, including the F1 treasury management system and T6 cash management system for anchor enterprises, the bank treasury system for financial institutions, and the Yingzilian SaaS platform for SMEs.

Since September 11, 2025, Bytter Technology has been consolidated into the group’s financial statements. The integration of the Treasury Cloud business has been fully completed. Linklogis will continue to deepen resources integration and business collaboration between Treasury Cloud and the group’s other supply chain finance technology businesses in areas such as product R&D, channel expansion and customer service. The company will accelerate the development of an integrated, intelligent and scalable Smart Industrial Finance Treasury platform, providing customers with one-stop digital solutions covering treasury management and industrial-finance collaboration.

Charles Song, founder, Chairman and CEO of Linklogis, said: “The year 2026 marks the tenth anniversary of Linklogis. As we stand at the threshold of a new decade, we will remain firmly committed to a core strategy of being technology-driven and globally connected, while steadfastly advancing our dual-engine approach of deepening domestic industrial finance and expanding global digital trade. We will seize opportunities amid transformation and strengthen our competitive advantages through innovation. In the domestic market, we will continue to advance the “AI-powered Industrial Finance” strategy. Anchored by the comprehensive upgrade of BeeLink AI Agent, we will accelerate AI’s evolution from scenario-based enablement to ecosystem-level collaboration. At the same time, leveraging our full-stack capabilities in Smart Industrial Finance Treasury solutions, we will continue to refine our integrated one-stop solutions, consolidate our market leadership, and ensure the steady growth of our core business. In international markets, we will accelerate the expansion of global cross-border digital trade networks through Unloq and roll out the SC+ Platform along key global trade corridors. We aim to become a key builder and connector in the ongoing digital and intelligent transformation of global trade finance. The future is already unfolding. Only the adaptable can prevail, and only the persistent can go the distance. With technology as our oar and industry as our vessel, Linklogis will continue to join forces with our partners, embarking together on the magnificent journey toward a digital and intelligent future for global industrial finance.”

Hashtag: #Linklogis

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

These presentations mark Sequencio’s first major scientific unveiling since its formation and showcase significant advancements in next‑generation cancer vaccine technologies based on Sequencio’s proprietary TrueHLA™ Epitope‑to‑Efficacy™ translational design framework, which enables rational, data‑driven vaccine development across circRNA, mRNA, peptide, and protein‑based platforms.

Collectively, Sequencio’s five AACR 2026 presentations highlight a consistent theme: rationally designed cancer vaccines that demonstrate robust immunogenicity and compelling anti‑tumour activity across multiple targets and modalities in preclinical models. These data underscore the strength of Sequencio’s approach to translating antigen selection into functional immune responses and tumour control. Building on this foundation, Sequencio is prioritizing its most promising programs for IND‑enabling studies, with the goal of accelerating select vaccine candidates into early‑stage clinical development through strategic partnerships and global collaboration.

Dr Melvin Toh, Vice President & Chief Scientific Officer of CK Life Sciences, expressed, “Sequencio’s cancer vaccine pipeline continues to advance with strong momentum. Our AACR 2026 presentations underscore both the scientific promise of our vaccines and the disciplined execution driving their progress. We look forward to building on this foundation as we advance next‑generation immunotherapies for patients.”

The AACR Annual Meeting is a gathering central to the global cancer research community, bringing together scientists, clinicians, other healthcare professionals, survivors, patients and advocates every year to share the latest breakthroughs and developments in cancer science and medicine. Last year, the 2025 Annual Meeting attracted 22,100 in-person participants from 85 countries.

Scientific Poster Presentations by Sequencio Therapeutics at AACR 2026

All five posters will be presented on 21 April 2026.

1. p53 Modified Shared Neoantigen Vaccine (Poster Number: 4361)

Title: Single amino acid residue substitution to improve immunogenicity of HLA peptides targeting p53 neoantigen

Authors: Chi Han Samson Li, Hong Wang, Kin Tak Chan, Genwei Zhang, Zhenghui Wang, Lipeng Lai, Melvin Toh

2. IGF1R Cancer Vaccine (Poster Number: 4368)

Title: Vaccine targeting IGF1R induces neutralizing antibody and robust anti‑tumor activity in a syngeneic mouse colon cancer model

Authors: Kenneth Nansheng Lin, Melvin Toh, Hong Wang

3. B7‑H3 Cancer Vaccine (Poster Number: 4369)

Title: B7-H3 vaccine induces robust humoral and cellular immunity and inhibits tumor growth in mice

Authors: Kenneth Nansheng Lin, Melvin Toh, Hong Wang

4. TROP2 circRNA + IL‑7 Combination Vaccine (Poster Number: 4370)

Title: TROP2‑circular RNA vaccine and IL7 synergistically inhibit TROP2+ tumor growth in mouse models

Authors: Zirong He, Yanan Li, Antong Li, Xiaoxuan Liu, Kenneth Nansheng Lin, Fan Yan Meng, Melvin Toh, Hong Wang

5. Claudin‑6 Cancer Vaccine (Poster Number: 4375)

Title: Claudin 6 vaccines effectively inhibit tumor growth in a syngeneic mouse colon cancer model

Authors: Na Wang, Lam Chow, Melvin Toh, Hong Wang

Hashtag: #CKLifeSciences #Sequencio #CancerVaccines #R&D #Pharmaceutical #AACR

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

CK Life Sciences Int’l., (Holdings) Inc.

CK Life Sciences Int’l., (Holdings) Inc. (stock code: 0775) is listed on the Stock Exchange of Hong Kong. With a mission of improving the quality of life, CK Life Sciences is engaged in healthcare research and development, with operating businesses that enable its R&D sustainability. Regarding pharmaceutical research and development, CK Life Sciences’ operations are focused on conducting research and development into cancer vaccines, RNA therapeutics and pain management solutions. CK Life Sciences is a member of the CK Hutchison Group. For additional information, please visit www.ck-lifesciences.com.

Walsh, widely known in the industry as Willie Walsh, is currently director general of the International Air Transport Association and is due to take up the IndiGo role by August 3, 2026, after his IATA term ends on July 31, subject to regulatory and security clearances. Before leading IATA, he served as chief executive of British Airways and later of International Airlines Group, the parent company of British Airways, Iberia and other carriers. That background gives IndiGo a chief executive with experience spanning pilots’ operations, legacy airline restructuring, international expansion and trade-body advocacy.

The leadership change is significant because it follows a difficult period for IndiGo, whose rapid growth has also exposed strains in operations and staffing. Reuters reported that Elbers resigned after regulatory scrutiny linked to the airline’s handling of pilot rest and duty rules, following thousands of flight cancellations in December. Rahul Bhatia, IndiGo co-founder and managing director of promoter group InterGlobe Enterprises, had stepped in on an interim basis. Bringing in Walsh suggests the board wanted an external figure with global credibility and enough independence to steady operations while preserving the carrier’s long-term growth plans.

For IndiGo, the choice is also about scale. The airline holds roughly 65 per cent of the domestic market, according to Reuters, making it not merely a successful low-cost carrier but the central force in the country’s aviation market. That dominance has helped it build a strong cash-generating base at home, yet it also raises the pressure to prove it can translate domestic strength into a broader international network without letting reliability slip. Walsh arrives as the airline is trying to balance fleet growth, customer service, regulatory compliance and overseas ambition in a market where passengers are increasingly price-sensitive but also less tolerant of disruption.

His appointment may reassure investors and lessors who value experience at a time when the global airline industry is still dealing with supply-chain bottlenecks, aircraft delivery delays, engine issues and fluctuating fuel costs. At IATA, Walsh has spent the past several years commenting on exactly those pressures, from safety and profitability to cargo demand and trade shifts. That does not automatically make him an easy fit for IndiGo’s low-cost, execution-heavy culture, but it gives him a broad vantage point over how airlines are adapting to tighter margins and uneven global demand.

There is, however, another side to the appointment. Walsh’s career has been built largely in full-service and multi-brand international airline groups rather than in a pure low-cost model of the kind that made IndiGo successful. Critics may ask whether a leader shaped by European consolidation and global lobbying is the right match for a carrier whose reputation rests on fast turnarounds, tight cost control and consistent domestic execution. Supporters will counter that IndiGo is no longer a straightforward low-cost story. As its aircraft orders grow and its international reach deepens, the airline needs a chief executive who can negotiate complex regulation, manage global partnerships and command authority well beyond its home market.

Walsh’s own profile could become an asset as IndiGo tries to sharpen its identity from dominant domestic operator to more influential international player. He began his career as a cadet pilot at Aer Lingus in 1979 and later ran both Aer Lingus and British Airways before taking charge of IAG. That trajectory matters because IndiGo is moving into a stage where fleet strategy, global slots, bilateral rights and premium long-haul competition matter more than they did when the airline was focused chiefly on the home market. Boardrooms, regulators and suppliers all know Walsh, and that can give IndiGo added leverage as it pushes outward.

Blackstone has opened talks with investment banks over a possible Mumbai listing of AGS Health that could raise as much as $500 million, according to reports on Tuesday, putting another sizeable healthcare-linked offering on the radar even as the primary market remains more selective than it was a year ago. The discussions are at an early stage, and the proposed float has yet to move into formal filing territory, but people familiar with the matter have said the firm is considering a mix of fresh shares and secondary sales and is seeking a valuation of as much as $3 billion.

AGS Health sits in a part of the healthcare economy that has drawn strong financial interest: revenue cycle management, the business of helping hospitals, physician groups and health systems handle billing, coding, claims, collections and data-led workflow improvement. The company describes itself as a technology-enabled operator serving major healthcare providers in the United States, with intelligent automation and AI woven into those services. On its website, AGS says it processes tens of billions of dollars in accounts receivable annually and supports clients through a large coding and back-office workforce spread across multiple geographies.

The mooted flotation would fit a broader pattern in which buyout firms are trying to crystallise gains from businesses built around outsourced healthcare administration and software-supported services. AGS had already been seen as a prized asset before Blackstone took control, with deal reporting last year and in 2025 pointing to intense interest from private equity groups in the company as well as in peers serving the same market. That activity underlined how investors view healthcare operations platforms as steadier, more scalable assets than many consumer-facing businesses, especially when they are tied to recurring work for hospitals and insurers.

Blackstone’s interest in AGS also reflects the continuing attraction of cross-border healthcare services models anchored in delivery centres in South Asia and the Philippines while selling into the US healthcare system. AGS says it operates globally and markets itself as a strategic growth partner for provider organisations facing rising administrative costs, denial management pressures and a growing need for automation. Its own recent company material has placed heavy emphasis on AI-powered coding, denial management and compliance support, showing how the pitch to clients has shifted from labour arbitrage alone to a combination of software, analytics and domain expertise.

Whether the listing proceeds on the terms being discussed will depend not only on AGS’s financial profile but also on market mood. Reuters has reported that the domestic IPO pipeline remains active, with large names such as Zetwerk and INOX Air Products advancing plans, yet it has also noted that sentiment has been weaker in 2026 after underperformance in some new-age and technology listings and amid heavy foreign outflows from equities linked to geopolitical tensions and oil-price shocks. That makes valuation discipline more important for sponsors seeking exits through public markets.

Healthcare, however, is one of the areas where issuers still believe they can command investor attention. Reuters reported last week that Manipal Health Enterprises filed for an IPO of up to $1.17 billion, betting on demand for specialised care, consolidation and higher insurance coverage. Against that backdrop, AGS would offer investors a different healthcare angle: not hospitals or pharmaceuticals, but the infrastructure of billing, coding and claims management that sits behind care delivery. For fund managers looking for healthcare exposure without direct clinical risk, that model may prove easier to value, though the dependence on US reimbursement systems and hospital spending cycles will remain a point of scrutiny.

Another factor in AGS’s favour is that revenue cycle management has stayed a live consolidation theme. Reuters reported in 2024 that EQT agreed to acquire GeBBS Healthcare Solutions for more than $850 million, while other reports have highlighted interest from major investors in comparable healthcare outsourcing assets. Those transactions suggest that buyers are still willing to pay for scale, client retention and workflow technology in a sector where providers are under constant pressure to improve cash collection and reduce administrative leakage. If Blackstone can pitch AGS as a business with strong client stickiness and growing automation capability, the company may find a receptive audience despite choppier equity conditions.

Rumah FABA Kreasi Muda serves as a production facility for concrete blocks and paving stones using Fly Ash and Bottom Ash (FABA) – non-hazardous by-products generated from Apical’s power plant – as alternative raw materials. These materials are processed into construction products that can support infrastructure development in the surrounding community.

In his remarks, PT SDO Head of General Affairs, M. Jaya Budi Arsa, said the initiative was introduced to strengthen economic independence in communities around the company’s operational areas. “We established Rumah FABA Kreasi Muda to create new business opportunities and support the economic independence of nearby communities. We hope this facility will help enhance residents’ skills and capacity to run sustainable businesses,” he said.

To support the programme’s implementation, Apical, a member of the RGE group of companies founded by Sukanto Tanoto, has provided assistance through the construction of the production facility, the supply of equipment and the provision of a steady supply of FABA as an alternative raw material. This support is intended to enable the community to carry out production in a structured manner while gradually developing independently managed businesses.

Lubuk Gaung Subdistrict Head Syafrianto, S.Sos., M.IP., noted that the Rumah FABA initiative has had a direct impact on youth engagement and local economic development. He also emphasised the importance of continued guidance to ensure the business can grow sustainably.

“Rumah FABA provides space for young people in Lubuk Gaung to take part in productive activities and access new job opportunities. Moving forward, ongoing support will be key to ensuring the business continues to grow and deliver long-term benefits,” he said.

Rumah FABA Kreasi Muda is expected not only to create employment opportunities but also to strengthen the community’s capacity to manage businesses independently. By repurposing available materials, the programme generates added value while promoting resource efficiency.

In line with Apical’s 5Cs business philosophy – doing what is good for Community, Country, Climate and Customer, and only then will it be good for the Company – the company aims to ensure that its operations deliver balanced benefits for society, the environment and long-term business sustainability.
Hashtag: #RGE #Apical #Palm #CommunityEmpowerment #Indonesia

https://www.apicalgroup.com

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

About Apical

Apical is a leading vegetable oil processor with an expanding global footprint. Our vertically integrated mid-stream refining and value-added downstream processing makes us an integral supplier that supports the needs of various industries namely food, feed, oleochemicals and renewable fuel, including sustainable aviation fuel (SAF) which enables a great reduction of CO2 emissions.

With integrated assets in strategic locations spanning Indonesia, China and Spain, Apical operates numerous refineries, oleochemical plants, renewable fuel plants and kernel crushing plants. Through joint ventures and strategic partnerships, Apical also has processing and distribution operations in Brazil, India, Pakistan, Philippines, Middle East, Africa, USA and Vietnam.

Apical’s growth is built on the foundations of sustainability and transparency, and motivated by our strong belief that we can contribute to a circular economy for a more meaningful impact, even as we continue to grow our business and deliver innovative solutions to our customers.

In 2025, Phancy reported total revenue of RMB7.135 billion, representing a strong year-on-year increase of 35.6%. Adjusted net profit attributable to the parent company reached RMB17.84 million, a milestone reflecting significant advance in operational efficiency, business model strength, and resilience. During the reporting period, the three core business segments — AI Platform, API, and Agentic AI — delivered synergistic growth, with revenues of RMB6.552 billion, RMB79.9 million, and RMB503 million respectively, representing year-on-year increases of 32.0%, 129.2%, and 93.2%. The company has a total of over 1,000 contracted clients with deep penetration across more than 20 high-value industries, including energy, manufacturing, finance, retail, and telecommunications. Order on hand amounted to over RMB8.9 billion, surpassing the Company’s total revenue in 2025.

Dr. Dai Wenyuan, Founder, Chairman of the Board, and Chief Executive Officer of Phancy Group Co., Ltd. said, “2025 was a landmark year for Phancy. We completed a comprehensive strategic upgrade from ‘Fourth Paradigm’ to ‘Phancy Group’, signifying our transformation from an enterprise AI platform to a full-stack AI ecosystem and officially entering the AI 2.0 era. This performance breakthrough validates the development philosophy and strategic vision we have long pursued, demonstrating our forward-looking industry insight and long-term value creation capabilities. As we embrace the next wave of AI, we will continue to focus on ‘AI Agent + World Model’ as our core technology path, strengthen computing power and foundational capabilities, drive deeper value realization of AI, and work with ecosystem partners to build a sustainable intelligent future.”

Performance Highlights:

• Total revenue reached RMB7.135 billion, up 35.6% year-on-year; adjusted net profit amounted to RMB17.84 million, marking the first full-year profitability.
• According to IDC, Phancy ranked first in China’s machine learning platform market for seven consecutive years, with a 34% market share.[i]
• Orders on hand amounted to over RMB8.9 billion, surpassing the Company’s total revenue in 2025.
• AI Platform contributed RMB6.552 billion in revenue, up 32.0% year-on-year, accounting for 91.8% of total revenue and serving as the core growth pillar.
• API business, driven by a token-based model, became the fastest-growing segment with revenue of RMB79.9 million, representing explosive year-on-year growth of 129.2%.
• Agentic AI business, centered on a “Result-as-a-Service” model, achieved revenue of RMB503 million, up 93.2% year-on-year, demonstrating strong momentum and sustainable scalability.

Business Highlights:

In 2025, Phancy’s three core business segments — AI Platform, API, and Agentic AI — established a multi-engine growth model, creating a cycle of synergy and mutual reinforcement.

AI Platform: Sustained Growth Driver

Driven by strong domestic demand for localization and the national “AI+” initiative, the AI Platform remained the Company’s core growth engine. With its full-stack product portfolio and leading market position, the segment delivered deep integration between computing power and platform services, lowering barriers to AI adoption. Supported by a comprehensive technology framework and a strong customer base, the AI Platform effectively boosted performance and contributed to the Company’s profitability breakthrough.

The Company continued to drive technological iteration, with a strategic focus on three core offerings: PhanthyCloud, HAMi vGPU, and ModelHub XC.

1. PhanthyCloud – the backbone of the full-stack AI PaaS cloud service, integrating diverse AI capabilities to provide efficient, cloud-based services. Seamlessly connected to ModelHub XC and HAMi vGPU, PhanthyCloud delivers model adaptation and computing power scheduling, while maintaining broad compatibility with mainstream domestic chips to support digital transformation.
2. HAMi vGPU – a core GPU resource management product that allows GPUs to be flexibly shared and scheduled. Customers can tailor GPU configurations to their business needs, significantly improving utilization rates.
3. ModelHub XC – China’s largest ITAI (information technology application innovation) model community, designed to promote deep adaptation between domestic chips and AI models. The number of adapted and certified models has now surpassed 30,000. The Company had initially planned to scale the number of adapted models to the hundred-thousand level within a year, a milestone it has already achieved ahead of schedule.

API Business: Fastest Growth Engine

With the rapid adoption of AI Agents, token consumption has grown exponentially. Phancy’s API business, built on a flexible pay-as-you-go model and a comprehensive ecosystem, achieved leapfrog growth, and became the Company’s fastest growing segment. Token revenue for the first quarter of 2026 alone has already surpassed the full-year total for 2025.

The API business is anchored by the Phanthy platform, complemented by PhanRouter and PhanClaw, creating a comprehensive token ecosystem in synergy with the Sage Platform:

1. Phanthy – the core platform of the token-based ecosystem. It integrates cloud services with more than 30,000 adapted models and industry-specific vertical models, delivering accessible API capabilities that reach over 100 million of terminal products and support the large-scale deployment of AI capabilities.
2. PhanRouter – a unified API gateway for large models. It enables developers and enterprises to seamlessly connect with dozens of mainstream model providers, it is compatible with the OpenAI standard and major domestic chips, and supports both private deployment and token-based payment, reducing customer costs and easing operational complexity.
3. PhanClaw – an agent platform deeply integrated within PhanthyCloud and serves as an extension of the OpenClaw ecosystem. It is designed to provide users with secure, controllable, and cost-efficient digital assistant services. Working in synergy with Phanthy and PhanRouter, PhanClaw manages the token lifecycle, including risk control, permission management, and log auditing, meeting the stringent security and compliance requirements of industries, such as finance and government affairs.

Agentic AI: Long-Term Sustainable Growth

Agentic AI serves as the Company’s revenue cornerstone and a “value multiplier” for empowering a wide range of industries. Operating under a Result-as-a-service model and aligned with national “AI+” energy development policies, this segment expanded rapidly across high-value industries, achieving economies of scale and strong growth momentum. Working in synergy with the AI Platform and API businesses, Agentic AI provides long-term support for revenue and contributes to the high-quality development of the Company’s operations.

In terms of business expansion, the Company is focusing on core scenarios in spot electricity trading and medium- to long-term electricity trading. It has developed a full-chain AI solution encompassing forecasting, decision-making, risk control, and post-trading review. This solution has already been deployed in multiple pilot provinces and recognized by key customers, effectively improving efficiency and profitability in wind power, photovoltaics, and energy storage. This model is now being rapidly extended to other industries, including manufacturing and finance.

Future Outlook:

Looking ahead to 2026, Phancy will continue to advance its four strategic priorities: deepening its AI 2.0 roadmap, accelerating the deployment of industrial-grade AI Agents, driving international expansion, and further extending into the consumer market.

In terms of the AI 2.0 roadmap, the Company will continue to pursue its core philosophy of “AI for Everyone”, focusing on foundational technology R&D and real-world deployment. By refining its end-to-end technology system, Phancy aims to lower barriers to AI adoption and enable more enterprises and users to benefit from AI. For industrial-grade AI Agents, the Company will accelerate deployment under a Result-as-a-service model, deepening its presence in key sectors such as energy and finance, and developing replicable, scalable industry solutions, to expand business scale and profitability. On international expansion, Phancy will strengthen partnerships with overseas brands and channels, building a robust global operations framework to support worldwide growth. In the consumer market, the Company will focus on core consumer needs by launching high-experience smart terminal products, further expanding its customer base and establishing a dual-driven growth model powered by both technology and market reach.

Hashtag: #PHANCY

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

About Phancy Group

Phancy Group (Stock Code: 6682.HK) is a leading artificial general intelligence technology company. Guided by its mission of “AI for Everyone”, the Company is committed to empowering industries across the board through its “AI Agent + World Model” technology approach. Founded in 2014, the Company underwent a comprehensive restructuring in 2025, establishing multiple business divisions including Enterprise Services (Fourth Paradigm), Large Models & AGI (Pantheon), Consumer Electronics (Paradigm Pilot), Smart Energy (PhancyArc), and Smart Sports (Phancy Wonder). To date, the Company has successfully deployed over 10,000 AI applications across sectors such as finance, retail, and healthcare, consistently striving to advance the democratization of AI and help enterprises achieve sustainable growth.

PERSOL Outsourcing will deliver tailored end-to-end solutions for today’s evolving business landscape

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 31 March 2026 – PERSOL, Asia Pacific’s leading HR solutions provider, today announced the official launch of PERSOL Outsourcing. This strategic rebranding brings together the collective strengths of P-Serv and EVO, creating a unified, future-ready outsourcing brand designed to help Malaysia businesses navigate an increasingly complex and tech-driven market.

The rebranding of P-Serv and EVO as PERSOL Outsourcing marks a significant milestone in PERSOL APAC’s regional growth strategy. By combining three decades of operational stability with digital capabilities, PERSOL Outsourcing is positioned to deliver tailored end-to-end solutions that integrate People, Process, and Technology.

“The transition to PERSOL Outsourcing is a natural evolution of our deep-rooted presence in Malaysia and the wider region,” said Brian Sim, Managing Director and Country Head of PERSOL Malaysia. “By unifying the specialised domain expertise of P-Serv and EVO, we are better positioned to help our clients navigate the evolving business and workforce landscape. Our clients will continue to work with the same expert teams they trust, but with the added benefit of unified regional scale and enhanced digital capabilities that drive long-term resilience and efficiency.”

Tailored Solutions for an Increasingly Complex Landscape

PERSOL Outsourcing addresses the rising demand for agile delivery models in a regional Business Process Outsourcing (BPO) market that is expected to reach US$147.06 billion by 2032. In Malaysia, Customer Experience BPO market generated US$1.43 billion in 2024 and is projected to grow at a CAGR of 12.5% by 2030. As local and regional enterprises increasingly seek partners who can navigate this rapid growth through specialised domain expertise, PERSOL Outsourcing will focus on delivering solutions across three core pillars:

• Customer Experience: Supporting service delivery across all touchpoints, from customer service management to omnichannel contact centre operations and front-of-house operations.
• Corporate Services: Streamline complex shared service operations through a comprehensive suite of solutions including Human Resource Advisory, Finance, Marketing, and Compliance. Services include the management of intricate administrative, facility, and regulatory requirements based on organisational needs and growth trajectories.
• Technical: Driving digital transformation through engineering and IT infrastructure management. Capabilities span cloud operations, digital support, and platform management, leveraging AI implementation and automation to innovate and improve core business processes.

Effective immediately, P-Serv and EVO will operate under the PERSOL Outsourcing brand. The integration will allow clients to tap into an expanded suite of regional resources and digital innovations designed to drive greater operational efficiency.

For more information, please visit https://www.persoloutsourcing.com/.

Hashtag: #PERSOLOutsourcing

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

About PERSOL Outsourcing

PERSOL Outsourcing is a regional strategic partner delivering comprehensive outsourcing solutions that seamlessly integrates people, process, and technology. As a newly integrated brand following the rebranding of P-Serv and EVO, PERSOL Outsourcing unites three decades of operational excellence with deep domain expertise to drive agility and resilience for enterprises across Asia-Pacific.

About PERSOL APAC

PERSOL is Asia-Pacific’s leading Staffing and HR solutions partner, operating across 13 markets with deep local insight and regional scale. With more than 140 offices and decades of experience, we deliver integrated workforce solutions that are tailored, tech-enabled, and designed for the dynamic world of work.

We combine human expertise with smart technology to help organisations solve workforce challenges, unlock potential, and stay ahead of change. From recruitment and talent management to workforce strategy and advisory, our collaborative approach puts your goals at the centre.

In 2025, we came together under the PERSOL name – reflecting our bold vision for the future of work and our Group’s Vision: ‘Work and Smile’. Whether you’re building teams, growing careers, or transforming how work gets done, we’re here.

By Dr. Gyan Pathak On the very onset of the Financial Year 2026-27, beginning from April 1, 2026, India faces a multi-layered set of risks, given its position as a major energy importer with strong trade, investment, and remittance linkages with the West Asia region, which has turned into a war zone since the United […]

The article India Faces Multi-Layered Set Of Risks At The Onset Of FY2026-27 appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

Funding initiatives under the Forest Conservation Certificate to support sustainable forestry and biodiversity protection

SINGAPORE & MALAYSIA – Media OutReach Newswire – 30 March 2026 – Vantage Data Centers, a leading global provider of hyperscale data center campuses, today announced a partnership with the Malaysia Forest Fund (MFF), an agency under the Ministry of Natural Resources and Environmental Sustainability of Malaysia (NRES), to strengthen the efforts to protect and conserve Malaysia’s forests while delivering tangible benefits to local communities in Selangor. Through this collaboration, Vantage will contribute to the Penjaga Gunung (Mountain Guardian) project, one of the key initiatives under the Forest Conservation Certificate (FCC) protocol managed by the Malaysia Forest Fund.

His Highness Crown Prince of Selangor Tengku Amir Shah Ibni Sultan Sharafuddin Idris Shah Alhaj and YB Dato’ Sri Arthur Joseph Kurup, Minister of Natural Resources and Environmental Sustainability, witnessed the conservation agreement exchange between Vantage Data Centers, Malaysia Forest Fund and Your Idea Maker for the implementation of the Penjaga Gunung project in Selangor. The initiative covers approximately 108,000 hectares of the Selangor Royal Heritage Forest area and engages villages from the Orang Asli community.

The Penjaga Gunung project aims to foster environmental stewardship among the youth of the Orang Asli, the Indigenous peoples of Peninsular Malaysia, while preserving their cultural heritage and creating sustainable livelihoods for the community. Through structured program and certified skills development, participants will be trained to become nature guides and community rangers, enabling them to develop village-based eco-tourism and conservation services that generate long-term income streams. This new generation of forest guardians will be equipped with essential knowledge to enhance protection of Selangor’s forest reserves and biodiversity while supporting habitat restoration to strengthen ecosystem resilience.

“Our support for Penjaga Gunung turns conservation into high-caliber, meaningful career opportunities. We are shaping a future where sustainable livelihoods and professional skills development go hand in hand with protecting the planet, ensuring that environmental sustainability is guided by the wisdom of protecting indigenous cultural heritage”, said Fitri Abdullah, country managing director, Malaysia of Vantage Data Centers. “Vantage is committed to building and operating our hyperscale digital infrastructure responsibly. We will continue to strengthen the community by investing in workforce development programs and aligning our efforts with local priorities and the Malaysian government’s digital vision.”

Vantage has established a strong presence in Malaysia with two hyperscale campuses in Cyberjaya, Selangor, in addition to one of the region’s largest campuses in Johor, all of which support cloud and AI transformation across the Southeast Asia region. For more information on Vantage’s APAC platform, please visit https://vantage-dc.com/data-center-locations/apac/.

Hashtag: #VantageDataCentre #VDC #MalaysiaForestFund #MFF

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

About Vantage Data Centers

Vantage Data Centers is a global leader in digital infrastructure serving the world’s most influential AI and cloud providers. With operations spanning North America, EMEA and Asia Pacific, Vantage delivers capacity at unrivaled speed and scale, driven by a relentless commitment to operational excellence and customer success. Vantage is empowering transformative companies to shape the future.

For more information, visit http://www.vantage-dc.com.

Digital Realty has begun providing colocation infrastructure to Samsung Electronics at its ICN10 facility in Seoul, a deal that highlights how large corporate users in South Korea are seeking more resilient, high-density digital infrastructure as artificial intelligence, cloud services and mission-critical enterprise workloads put heavier demands on power, cooling and connectivity. The announcement was made on March 25 by Digital Realty, which said the arrangement would support Samsung Electronics’ enterprise IT operations from its Seoul site.

The ICN10 facility, located in Sangam-dong in Mapo-gu, has been operating since 2022 and is described by the company as South Korea’s first carrier-neutral data centre. Digital Realty says the building has a maximum IT load of 12 megawatts and around 132,000 square feet of space, with high-density power architecture, network connectivity and the resilience needed for large-scale computing environments. Those specifications matter because enterprise clients are no longer looking only for secure rack space; they increasingly want facilities that can handle denser compute loads without compromising uptime.

For Samsung Electronics, the move points to a practical shift in how even large technology groups manage parts of their own internal infrastructure. Rather than relying exclusively on self-operated facilities, major companies are turning to specialist operators for colocation capacity that can be scaled more quickly and managed to global standards. Digital Realty framed the arrangement as support for a large-scale customer environment in Korea, while emphasising stable, high-performance infrastructure for global enterprises. That wording suggests the deal is less about consumer-facing products and more about the backbone systems that keep a multinational company running across data-intensive operations.

The timing is notable because Seoul’s data-centre market is expanding while facing mounting strain over where future capacity can be built and how it will be powered. Cushman & Wakefield said the Greater Seoul Area reached 533 megawatts of capacity in the first half of 2025, with a further 715 megawatts in the development pipeline, alongside land secured for another 250 megawatts. Its later market update said the second half of 2025 saw double-digit year-on-year growth, while AI demand and tighter power-related rules were reshaping development patterns. That combination of growth and constraint is pushing operators and customers alike to value operational certainty.

South Korea’s broader technology push adds another layer to that demand story. Reuters reported this week that Seoul approved a 250 billion won investment in AI chip startup Rebellions, part of a wider effort to strengthen domestic semiconductor and advanced computing capabilities. Reuters also reported that SK Hynix is pursuing a US listing partly to fund major chipmaking investments tied to rising AI demand. Those moves sit outside the colocation market itself, but they reinforce the same structural point: processing power, data movement and digital infrastructure are becoming more strategically important across the economy.

Digital Realty’s position in Seoul also reflects a larger contest among global and regional operators seeking to capture Asia’s enterprise and cloud demand. Market research and adviser reports point to South Korea as one of the faster-growing data-centre markets in the region, driven by digital-first consumers, cloud adoption and increased enterprise modernisation. JLL’s 2026 outlook said the global data-centre sector could nearly double between 2025 and 2030, while other market estimates show South Korea’s colocation and broader data-centre segments expanding strongly through the decade. Forecasts from commercial research firms should be treated cautiously, but taken together with operator activity and land acquisition trends, they show why Seoul has become a closely watched infrastructure market.

The Samsung agreement may not be transformative in size on its own, yet it carries signalling value. When one of the country’s largest technology groups places enterprise workloads with an external colocation provider, it gives weight to the argument that carrier-neutral, high-density facilities are becoming integral to mainstream corporate IT strategy rather than serving only cloud giants and telecom operators. It also strengthens Digital Realty’s credentials in a market where network diversity, reliability and location all matter.

Questions remain over how quickly South Korea can add capacity in and around Seoul without worsening power bottlenecks or pushing new builds further from the capital’s main concentration of corporate demand. Legal and advisory analyses have pointed to the mismatch between the location of generation capacity and the heavy concentration of data centres around metropolitan Seoul. That tension is likely to shape the next phase of expansion, forcing operators to balance geography, power access and customer proximity more carefully than before.