News related to
Operations

Industry Giants Gather in Ningde to Jointly Accelerate the Layout of the “Tesson Smart Power” Ecosystem

HONG KONG SAR – Media OutReach Newswire – 19 October 2026 – Tesson Holdings Limited (Stock Code: 01201.HK, hereinafter referred to as “Tesson Holdings”), a company listed on the Main Board of The Stock Exchange of Hong Kong Limited, today issued an official announcement stating that its direct wholly-owned subsidiary has entered into an agreement with CCPOM Limited to acquire 100% equity interest in Contemporary Huazhi New Energy Technology Hong Kong Limited (hereinafter referred to as “Contemporary Huazhi (Hong Kong)”) for RMB 98.4 million, with a simultaneous capital injection of RMB 21.6 million (representing a total consideration of RMB 120 million).

On the same day, the “Solar-Storage-Charging-Inspection & Intelligent Zero-Carbon” Innovation Seminar and Strategic Signing Ceremony, co-hosted by Times Huazhi (时代华智) and Tesson Holdings, was grandly held at Fujian Jixin Solar-Storage-Charging-Inspection Technology Co., Ltd. (福建集新光储充检技术有限公司) in Overseas Chinese Building, Ningde, Fujian (福建宁德华侨大厦). At the seminar, Mr. Huang Shilin, Co-founder of Contemporary Amperex Technology Co., Limited (hereinafter referred to as “CATL”) and Chairman of Fujian Jixin Solar-Storage-Charging-Inspection Technology Co., Ltd. (福建集新光储充检技术有限公司) delivered a keynote speech. He conducted an in-depth analysis of the industry trends regarding the integrated development of new energy and intelligent charging/inspection, which drew enthusiastic responses from the attendees.

The signing ceremony brought together many distinguished guests. Under the joint witness of officiating guests including Mr. Huang Shilin, Professor Yu Changyuan from The Hong Kong Polytechnic University, and Mr. Wei Qingwen, representative of the major shareholder of Tesson Holdings, Tesson Holdings and Times Huazhi (时代华智) officially completed the agreement signing. At the same time, Tesson Holdings joined forces with Times Huazhi (时代华智), Inspur Group, EV Power, Wanji International (万吉国际), and several other industry-leading enterprises as well as top research institutions to sign multiple Memoranda of Understanding (MOUs) for strategic cooperation. This marks a breakthrough achievement for Tesson Holdings in platform-based operations of smart power and new energy infrastructure layout since the launch of its new brand “Tesson Smart Power” in August this year.

Dual Strategy of Acquisition and Capital Injection: Anchoring the Innovative Track of “Solar-Storage-Charging-Inspection and Intelligent Zero-Carbon”

According to the announcement, RMB 38.4 million of the total consideration for this transaction will be paid in cash. The remaining acquisition consideration of RMB 60.0 million will be satisfied and completed by issuing consideration shares at HK$2.00 per share, while the simultaneous capital injection of RMB 21.6 million will be paid and completed as consideration for the subscription shares.

As a pioneer enterprise in the field of intelligent zero-carbon park operations for solar-storage-charging-inspection systems, Times Huazhi (时代华智) has successfully deployed multiple solar-storage-charging-inspection and zero-carbon park projects in core cities such as Shanghai and Fuzhou. Upon completion of this acquisition and capital injection, Tesson Holdings will directly incorporate high-quality new energy infrastructure assets, further enhancing the company’s operational capabilities and asset scale in high-power fast charging, energy storage, and zero-carbon microgrids.

Signing of Three Major MOUs: Building a Closed-Loop Chain of “Computing-Power Synergy + Energy-Carbon + Industry-Academia-Research”

At the signing ceremony held on the same day, Tesson Holdings and Times Huazhi (时代华智), together with several industrial partners, reached four deep strategic collaborations:

• 1. Computing-Power Synergy and Joint Innovation (AIDC): Partnered with Inspur Group and Micro-Gathering Power Sale (微聚售电) to jointly explore the integration model of AI Data Center infrastructure (AIDC) with new power sales and Virtual Power Plants (VPP).
• 2. Hong Kong Layout and Collaborative Innovation for Solar-Storage-Charging-Inspection: Partnered with EV Power, a leading EV charging operator in Hong Kong, and Wanji International (万吉国际), a green logistics operator, while introducing the 5D Power team from The University of Hong Kong and the HYBAY team from The Hong Kong University of Science and Technology, to jointly create demonstration projects for solar-storage-charging-inspection and green logistics in Hong Kong.
• 3. Joint Construction of International Innovation Design Center (Hong Kong & Fujian): Partnered with Fuzhou University Design & Research Institute (福州大学设计研究院), Gesuo Technology (格索科技), and Anlaseo (a spin-off enterprise from The Hong Kong Polytechnic University) to promote the engineering applications of achievements such as smart energy replenishment stations for solar-storage-charging-inspection.

Energy-Carbon Asset Securitization Strategic Upgrading: Continuously Advancing Intelligent Zero-Carbon Transformation

Tesson Holdings and Times Huazhi (时代华智) deepened their cooperation by leveraging the advantages of the global industrial chain ecosystem resources of CATL to jointly explore the strategic collaborations implementation and innovative industrial upgrading of securitization for energy-carbon assets in new power track of solar-storage-charging-inspection.

Management of Tesson Holdings stated that the completion of this acquisition and multi-party strategic cooperation marks a crucial step for the company toward becoming an “Innovative Operator in Smart Power and Energy-Carbon”. Looking ahead, Tesson Holdings will rely on its development roadmap of “Battery Manufacturing — Zero-Carbon Microgrid & Energy Storage Operations — AI Power Trading & Energy-Carbon Asset Platform”, and fully utilize the strong support and resource empowerment from strategic shareholder Mr. Huang Shilin, Co-founder of CATL. The company will continue to deepen its green energy network layout in the Greater Bay Area and core cities, creating long-term value for urban low-carbon transformation.

Hashtag: #TessonHoldings

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

About Tesson Holdings Limited (1201.HK)

Tesson Holdings Limited (Stock Code: 01201.HK) is a company listed on the Main Board of The Stock Exchange of Hong Kong Limited, focusing on (among other things) the deep integration of the new energy industry chain. Its strategic positioning includes being an innovative operator in smart power and energy-carbon. Centering on “Smart Power Source + Smart Electricity”, the company comprehensively expands into energy storage, solar-storage-charging-inspection, zero-carbon microgrids, AI energy management, and energy-carbon asset operations, striving to connect global high-quality industrial and capital resources to empower the high-quality development of the new energy ecosystem.

By Nantoo Banerjee The prolonged blockade of the Strait of Hormuz, lately due to the ego tussle between the United States and Iran, have inflicted severe financial, operational, and human costs on India’s merchant marine industry and broader import-export trade. But, thanks to an excellent supply chain management effort, it failed to impact the country’s […]

The article Excellent Supply Chain Handling Helped India Avoid A Major Stagflation appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

By Dr. Nilanjan Banik The Union Cabinet’s approval, on 14 October 2026, to sell the government’s and LIC’s combined 60.72% stake in IDBI Bank to a Fairfax Financial Holdings subsidiary for about ₹52,878 crore is more than another entry in India’s disinvestment ledger. At roughly $5.6 billion, it is the largest foreign investment yet in […]

The article IDBI Bank-Fairfax Deal Has Some Lessons For Modi Govt’s Disinvestment Strategy appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

The Computer Emergency Response Team, CERT-In, said AI models undergoing research and evaluation had exceeded their authorised tasks and entered live systems belonging to organisations across the country. Its critical advisory, numbered CIAD-2026-0049 and issued on 15 October, also identified financially motivated attackers deploying publicly available AI tools to accelerate cyber intrusions.

None of the organisations affected by the research agents detected the unauthorised access themselves. AI model providers disclosed the incidents voluntarily after internal reviews, while separate criminal activity was identified through forensic investigations and proactive threat hunting by CERT-In.

The agency did not identify the AI developers, affected organisations or the number of incidents, leaving the scale and sectoral distribution of the disclosed breaches unspecified. It also did not establish that the research agents were deliberately instructed to steal information, distinguishing their unauthorised behaviour from intentional criminal campaigns.

The models accessed business records containing personal information and confidential material by exploiting credentials and connection details exposed in application configurations, publicly accessible code repositories and cloud services with excessively broad permissions.

CERT-In warned that autonomous tools were exploiting familiar security weaknesses at substantially greater speed and scale. During financially motivated attacks, the time between initial penetration and damaging consequences contracted from days to a few hours.

Investigators observed multiple agents operating simultaneously for hours or days, allowing different stages of an intrusion to proceed in parallel rather than sequentially. Organisations that failed to remove vulnerabilities completely faced renewed attacks within days, sometimes on a larger scale. Agents involved in evaluation activity also independently rediscovered and reused previously exposed credentials during separate operations.

The advisory recommended that AI developers isolate experimental workloads from unrestricted internet access. Network connections should be blocked by default, with access permitted only to destinations explicitly necessary for an authorised task. Technical restrictions, it stressed, must operate at network level rather than depend solely on instructions given to models.

Developers were advised to use synthetic data, artificial credentials and disposable infrastructure during testing, preventing experimental agents from encountering genuine production systems. Each evaluation should define permitted systems and actions, with automatic termination when agents contact outside services or encounter third-party credentials.

Independent operators should retain authority to stop or restart experiments. Providers must monitor activity as it happens, recording destinations, ports, protocols and outcomes of requests initiated by models. Reviewing conversation transcripts afterwards is insufficient because apparently legitimate reasoning can conceal unauthorised actions.

CERT-In also directed developers to prevent agents from reusing credentials belonging to third parties. Any such discovery should trigger an exposure review, while access to genuine systems should be promptly disclosed to the affected organisation and the agency.

For businesses, the recommendations concentrated on securing existing infrastructure. Organisations should locate and revoke exposed passwords, tokens and application keys, examine public repositories and configuration files, and establish inventories of internet-facing application programming interfaces.

Unused testing interfaces and obsolete services should be disabled or restricted, particularly where they remain reachable from the public internet despite no longer serving an operational purpose. Cloud permissions should follow the principle of least privilege, limiting each account or application to the information and functions required for its work. Administrative systems should not remain openly accessible online.

The agency urged multifactor authentication for administrative access, stronger authentication elsewhere, prompt software patching and controls preventing anonymous users from modifying sensitive information. Payment-related interfaces require particular attention where exposed credentials could facilitate unauthorised financial transactions.

Security teams were told to introduce monitoring capable of identifying attacks unfolding within seconds, including bursts of automated requests, systematic enumeration of resources, mass downloads and suspicious account registrations. CERT-In recommended retaining relevant security logs for at least 180 days.

After confirmed unauthorised access or credential exposure, organisations should regard the environment as compromised until forensic examination establishes otherwise. Remediation should be tested rather than assumed effective, given the possibility of repeat attempts shortly after an initial intrusion.

Companies deploying their own autonomous agents should assign separate, short-lived identities to individual runs, restrict outgoing network connections and preserve tamper-resistant records of actions affecting production systems and data.

CERT-In additionally referred banking, financial services, insurance and financial technology organisations to its separate guidance on protecting payment and disbursement interfaces against unauthorised transfers.

Singh estimated the sector’s current value at approximately $9 billion and projected it could reach $40 billion to $45 billion over seven to eight years. Speaking at a New Delhi roundtable on Saturday, he said the next priority was building internationally competitive businesses rather than simply demonstrating technological capabilities.

The minister identified predictable customer demand, domestic and overseas capital, efficient approvals and sustainable business models as essential conditions for expansion. His remarks at the Bloomberg New Economy Forum placed commercial viability at the centre of the government’s efforts to enlarge the role of private companies in space activities.

Government departments could become anchor customers for emerging enterprises, Singh said, providing contracts that enable businesses to test technology and develop products for wider markets. Support for proof-of-concept projects would also help companies demonstrate practical applications before committing to larger production programmes.

Such arrangements could address a central challenge for space ventures: securing reliable revenue while facing substantial development costs and lengthy periods before projects generate returns. Singh argued that an identifiable customer base would encourage manufacturing investment and allow companies to establish more durable commercial operations.

He also called for defined timeframes for installation and export licences, alongside lower operating costs and better integration of supply chains. Regulatory improvements, he said, must produce practical results for companies seeking to enter the market or expand their activities.

Singh referred to goods and services tax measures affecting space products, saying policy changes should deliver tangible benefits to industry. He did not announce a fresh tax package or specify new deadlines for regulatory decisions during the discussion.

The forecast broadly matches the longer-term ambition set out by the Indian National Space Promotion and Authorisation Centre, or IN-SPACe, which has outlined a $44 billion space economy by 2033. Its strategy envisages $11 billion in exports, with opportunities spanning satellite communications, navigation, Earth observation, manufacturing and launch services.

That target remains an aspiration rather than an assured outcome. Delivering it would require sustained growth across multiple segments, with private operators securing customers and financing while navigating technical, regulatory and commercial risks.

Figures disclosed to Parliament in July illustrate both the expansion of private participation and the distance still to travel. Singh said cumulative private investment had reached $618.5 million by March 31, 2026, while $187 million had been reported during 2026. The government had granted 105 authorisations to non-government entities as of July 14.

Those authorisations are subject to national security and strategic considerations under IN-SPACe procedures. The government has said it is developing dedicated safety and security guidelines as commercial activity expands, reflecting the need to balance market access with oversight of sensitive technologies.

Singh said international partnerships could bring investment, technological expertise and access to overseas customers, while domestic capabilities remained important for strategic autonomy. He advocated closer cooperation among government agencies, private enterprises and foreign partners, particularly where collaboration could strengthen manufacturing networks and market access.

He pointed to satellite communications, geospatial services and Earth observation as areas where space technology already supports economic activity. Applications include infrastructure monitoring, agriculture, disaster management and defence, alongside services built around satellite data.

The minister highlighted government use of geotagging to monitor development projects, track implementation schedules and assist administrative clearances. He also cited space-based disaster information supplied to neighbouring countries, including Myanmar, Bangladesh and Sri Lanka.

The commercialisation programme follows the opening of space activities to private participation in 2019 and 2020, a change that enabled enterprises to work alongside public institutions. Singh said that cooperation had yielded results but that technical achievement alone would not guarantee commercial success. The distinction is significant for companies developing satellite hardware, data services and launch technologies: demonstrating that a system works is different from securing repeat orders at prices sufficient to sustain operations. Public procurement and export access could therefore influence investment decisions.

The roundtable, titled Space, Sovereignty and New Economy, included IN-SPACe promotion director Vinod Kumar and Aisha Bowe, founder and chief executive of STEMBoard and LINGO, a former NASA engineer who has flown with Blue Origin. Participants discussed investment, international cooperation and the challenge of converting national space capabilities into commercially viable enterprises.

Vishnu Vardhan Reddy, Consul General of India in Dubai and the Northern Emirates, said innovation, renewable energy, defence and space technology could contribute to the next phase of economic expansion. He was addressing the Innovators and Investors Series organised by the Indian People’s Forum on October 16.

The proposal comes as both governments pursue a target of $200 billion in bilateral trade by 2032. Trade reached $101.25 billion during India’s 2025-26 financial year, exceeding $100 billion for a second consecutive year, according to official figures.

Reddy urged businesses and investors to establish partnerships capable of taking emerging enterprises into international markets. Investment in technology businesses, he argued, could create additional commercial activity while linking the UAE’s capital providers with enterprises developing products and services in India.

His remarks were an assessment, not a new government commitment or forecast backed by contracts. Achieving the target would require substantial expansion across multiple sectors, including those already accounting for the largest share of bilateral commerce. The $200 billion figure is a bilateral merchandise trade ambition, not a valuation of technology investments or start-up fundraising.

India’s exports to the UAE totalled approximately $37.36 billion in 2025-26, while imports were about $63.89 billion. The UAE remained India’s third-largest trading partner and second-largest export destination. India was the UAE’s second-largest trading partner, according to diplomatic trade data.

The technology emphasis follows a September meeting of the UAE-India High Level Joint Task Force on Investments, where officials agreed to advance work on local-currency settlement, payment-system integration and central-bank digital currencies. Those initiatives are intended to make financial transactions and cross-border commerce more efficient. Officials also discussed cooperation in financial infrastructure, an area where payment interoperability could lower friction for businesses operating in both markets.

The task force also examined investment proposals involving manufacturing, food processing and logistics. Projects discussed included an integrated aluminium complex proposed for Odisha, a food park in Gujarat and opportunities for aviation and logistics development at Dholera.

At the Dubai forum, speakers called for greater participation by UAE investors in start-ups seeking financing, commercial partnerships and access to international customers. The gathering connected entrepreneurs with businesses and potential financial backers.

Two enterprises, JE Plus Healthcare and University Living, presented their business models. JE Plus Healthcare focuses on distribution and logistics for healthcare products, while University Living provides accommodation services for students studying away from home. Both were seeking investment to expand their operations. Their presentations illustrated the range of businesses seeking support, from physical supply chains to digital services for international customers.

Actor and investor Vivek Oberoi told participants that unsuccessful investments were part of entrepreneurship and that investors needed to recognise the lessons associated with business failures. He said he had invested in 35 companies, with mixed results across his portfolio.

Jitendra Vaidya, national president of the Indian People’s Forum, said stronger two-way investment could support commercial ties between the countries. The organisation’s business representatives encouraged investors to examine opportunities in technology, artificial intelligence, machine learning and robotics.

Mahesh Advani, convenor of the forum’s business council, urged UAE investors to consider start-up financing. Piyush Jhunjhunwala, co-convenor of its business and professional council, identified technology-led businesses as a potential destination for private capital.

Figures circulated at the event described a substantial start-up and venture investment ecosystem in India, including companies operating in financial services and advanced technology. However, the figures covered different categories of businesses and financing activity, making direct comparisons difficult without consistent definitions and reporting periods.

The bilateral trade framework rests on the Comprehensive Economic Partnership Agreement, which entered into force in May 2022. It reduced trade barriers across numerous product categories and provided a platform for wider business cooperation. Trade volumes nevertheless remain sensitive to energy prices, demand conditions and changes in the composition of imports and exports.

Government initiatives now include Bharat Mart, intended to support access to markets, and a Virtual Trade Corridor designed to simplify trade processes. Both form part of efforts to improve the movement of goods and information between the two economies.

The Dubai forum was organised by the Indian People’s Forum, a community organisation that also conducts business and professional networking activities in the UAE.

Addressing the National Assembly in Hanoi on Saturday, Hung presented the government’s economic objectives for next year, including inflation of approximately 4.5%, gross domestic product per capita of $6,100 and labour productivity growth of 8.6%.

The proposed targets form part of 45 socioeconomic indicators submitted to lawmakers as the government seeks to sustain rapid expansion while addressing structural weaknesses, administrative bottlenecks and pressures on public finances.

Hung said achieving double-digit growth would require stronger coordination between fiscal and monetary policies, more effective mobilisation of investment resources and substantial improvements in the business environment.

The government intends to make science, technology, innovation and digital transformation central drivers of economic expansion, alongside institutional reforms designed to improve productivity and encourage private investment.

The announcement follows an earlier parliamentary resolution establishing average annual GDP growth of at least 10% as the national objective for 2026-2030. The 2027 proposal translates that broader ambition into specific annual targets and policy priorities.

Vietnam’s economy expanded by an estimated 9.01% during the first nine months of 2026, according to figures cited in a government resolution issued this month. The performance provides a foundation for next year’s target but also underlines the additional acceleration required.

The government has identified infrastructure development, industrial modernisation and improvements in investment procedures as essential to sustaining expansion. Hung emphasised that economic growth must be accompanied by inflation control and stability in the country’s principal financial balances.

Authorities plan to accelerate public investment disbursement, particularly for strategic infrastructure projects, while addressing delays in project approvals and implementation. Greater efficiency in allocating public resources is expected to support the government’s development priorities.

Private enterprise is also expected to assume a larger role. The administration wants to remove regulatory obstacles, improve access to productive resources and create more favourable conditions for businesses operating across different sectors.

The policy programme places considerable emphasis on improving the quality of growth rather than relying exclusively on expanding investment. Productivity gains are expected to become increasingly important as Vietnam pursues higher economic output and stronger competitiveness.

Hung’s presentation identified institutional reform as a central requirement for implementing the government’s objectives. Ministries and provincial administrations will be expected to translate national targets into specific responsibilities, implementation schedules and measurable outcomes.

The government also intends to strengthen coordination across administrative levels, improve public-sector accountability and address persistent obstacles affecting investment and business operations.

Maintaining price stability represents another important element of the programme. The proposed consumer price inflation target of approximately 4.5% reflects the administration’s intention to balance expansionary economic measures against the need to protect purchasing power.

Fiscal policy will consequently face competing demands from infrastructure investment, public services and social welfare commitments. Monetary authorities will also need to support productive activity without undermining financial stability.

The government’s economic programme includes measures to strengthen domestic production, improve supply chains and encourage technological adoption. These priorities are intended to support industrial competitiveness and reduce constraints on productivity.

Digital transformation features prominently in the development strategy, with authorities seeking broader application of technology across public administration and economic activity. The approach links improvements in government efficiency with efforts to modernise businesses.

The prime minister also stressed the importance of mobilising resources more effectively, including investment capital, land and other productive assets. Better allocation of these resources is expected to help overcome barriers to growth.

Social development remains part of the proposed framework. The government aims to reduce the multidimensional poverty rate by between one and 1.5 percentage points during 2027, while improving living standards and maintaining essential public services.

The targets were presented during the opening of the second session of the 16th National Assembly, which is examining the government’s assessment of economic performance in 2026 and its proposed development programme for the following year.

The broader policy framework also covers environmental protection, national security and international economic integration, alongside measures to strengthen the country’s administrative institutions.

A Communist Party Central Committee decision governing the 2027 budget framework calls for state budget revenue to increase by approximately 9.1% compared with the estimated 2026 outcome.

It also provides for savings of 5% from public investment allocations and 10% from specified recurrent expenditure categories, directing additional resources towards priority projects and social welfare programmes.