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The event gathered over 350 guests, including Sam Hou Fai, Chief Executive of the Macao SAR; Tiong King Sing, Minister of Tourism, Arts and Culture of Malaysia; Sim Tze Tzin, Deputy Minister of Investment, Trade and Industry of Malaysia; and Ouyang Yujing, Chinese Ambassador to Malaysia. They were joined by members of the Macao SAR government and entrepreneurial delegations, representatives from the Chinese Embassy in Malaysia, and prominent figures from various sectors in Malaysia.

Sam Hou Fai stated that this visit to Malaysia aims to renew traditional friendship, build further consensus, and elevate pragmatic cooperation between Macao and Malaysia to a higher level. Macao aspires to serve as a bridge for deepening cooperation between Malaysia and Mainland China, working together to open a new chapter of mutual benefit, win-win outcomes, and synergistic development. He pointed out that both Macao and Malaysia are key nodes on the “Maritime Silk Road,” sharing deep cultural and people-to-people bonds and close exchanges. Facilitated by mutual visa-free entry and direct flights, the two regions have achieved fruitful cooperation in trade, investment, tourism, MICE, and education. Malaysia is not only an important economic partner and international tourist source market for Macao, but also demonstrates immense potential for collaboration in cultural exchange, educational partnerships, and the promotion of Muslim-friendly tourism.

Tiong King Sing highlighted Malaysia’s strategic position in ASEAN—a fast-growing regional market—and Macao’s role in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA). By linking their networks, both sides can help businesses unlock vast opportunities between ASEAN and the GBA. He emphasized Malaysia’s readiness to strengthen cooperation in trade, tourism, and education. He urged both sides to bridge connections and engage businesses, schools, tourism operators, and cultural groups to deliver tangible results.

The seminar featured presentations, business matching, and sharing sessions highlighting Macao’s “Tourism+” initiatives, especially “Tourism + Healthcare” big health. Notably, Macao Union Medical Center’s advanced services are meet diverse international healthcare needs.

Additionally, Macao’s upcoming private healthcare law will introduce a “day hospital” category, a one-stop licensing system, and regulations for telemedicine, outreach services, and advanced therapies, fostering a clear, flexible investment environment. Leveraging Macao-Hengqin synergy, the region seeks to partner with Southeast Asian firms to capture medical tourism and big health opportunities.

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

LSAF Global, in partnership with ISCA and the Professional Services (PS) Centre Alliance, brings the PS Centre ecosystem to businesses in Indonesia.

The challenge is often not finding advisers. It is knowing where to start.

LSAF Global, in partnership with the Institute of Singapore Chartered Accountants (ISCA) and the Professional Services (PS) Centre Alliance, is bringing the PS Centre ecosystem to businesses in Indonesia, connecting them with professional expertise, trusted networks and opportunities across Singapore, Indonesia and the region.

The PS Centre is a collaborative network that aims to make that easier by giving businesses a trusted starting point to find professional expertise, local market knowledge and business connections when expanding across the region.

Businesses in Indonesia can tap on the wider PS Centre network, which currently spans Hongqiao in Shanghai, Ho Chi Minh City, Nanjing and Singapore.

The network is set to grow further, with Johor, Shenzhen and Bangkok among the next locations being developed.

Together, the PS Centres and wider ecosystem are intended to create trusted business corridors across the region so that companies entering a new market do not have to start from zero.

Cross-border business is getting harder

The collaboration in Indonesia comes at a time when companies are looking overseas for growth while facing a more complicated business environment.

Tariffs and geopolitical tensions are changing where companies manufacture and source their products. Supply chains are being redesigned. AI and cyber risks are creating new business questions. Sustainability requirements are changing how companies operate and report.

Increasingly, these problems do not sit neatly within one profession.

A company may start with a tariff question only to discover that it also needs tax, legal and supply chain advice. Another may see an opportunity in Indonesia but need help finding local partners and understanding how best to enter the market.

The PS Centre ecosystem brings different forms of expertise and business networks together so companies do not have to navigate these issues alone.

The collaboration comes amid strong economic links between Singapore and Indonesia.

From Singapore to Indonesia and from Indonesia to the region

The PS Centre ecosystem is designed to work across markets.

Singapore businesses entering Indonesia can connect with local professional advisers, business networks and partners on the ground through LSAF Global and the wider PS Centre ecosystem.

Indonesian businesses looking towards Singapore can tap the Singapore PS Centre and Singapore’s professional services ecosystem.

A business looking beyond Indonesia and Singapore can tap the wider network for support in Vietnam and China. As new centres open, the network will extend into more markets.

Across its existing locations, the PS Centre network has already facilitated more than 90 business connections, supported 100 companies and engaged over 700 businesses and professionals.

The ambition goes beyond opening centres in different cities.

It is to build a connected ecosystem and trusted business corridors that connect opportunities in one market with trusted expertise and networks in another.

Helping businesses solve cross-border challenges

A key initiative being expanded across the PS Centre network is the Business Growth Clinic.

Its premise is simple.

Businesses do not always know which professional they need. They simply know they have a problem to solve.

A manufacturer may produce different parts of the same product across several countries and need help understanding how changing tariffs affect its business.

A professional services firm may want to access talent in another market but is unsure how to structure its operations.

Another business may be looking for an overseas partner, considering an acquisition or trying to understand how geopolitical changes could affect where it invests next.

Instead of figuring out which adviser to approach first, businesses can bring their problem to the Business Growth Clinic.

Depending on the issue, accountants, lawyers, tax specialists, valuers, consultants and other professionals can come together to understand the problem and connect the business with the expertise it needs.

Businesses in Indonesia will also be able to tap the Business Growth Clinic through the PS Centre ecosystem. A Singapore company facing a business issue in Vietnam can tap expertise through the Ho Chi Minh City PS Centre. An Indonesian business looking to establish operations in Singapore can connect with professionals through the Singapore PS Centre. A business exploring China can access support through Hongqiao.

As the PS Centre network expands, the reach of the Business Growth Clinic will expand with it.

Mr Lee Boon Teck, President of the Institute of Singapore Chartered Accountants (ISCA), said: “Businesses do not always know which professional they need. They simply know they have a problem to solve. The strength of the PS Centre lies in the network we are building together: connecting businesses with professional expertise, trusted networks and opportunities across markets. The PS Centre Alliance can help businesses in Singapore and Indonesia make the connections they need to grow across the region.”

Connecting businesses with professional expertise

The initiative is led by the PS Centre Alliance, comprising the Association of Small & Medium Enterprises, Institute of Valuers & Appraisers Singapore, Singapore Business Federation, Singapore Chinese Chamber of Commerce & Industry, Singapore Manufacturing Federation, Tax Academy of Singapore, The Law Society of Singapore and ISCA.

The Alliance brings together organisations representing both sides of the equation: businesses looking for opportunities and professional services firms with the expertise to help them pursue those opportunities.

In Indonesia, this gathering of the PS Centre Alliance partners to build relationships with local business and professional organisations, including the Indonesian Employers Association (APINDO), Singapore Chamber of Commerce Indonesia, The Indonesia Capital Market Institute (TICMI) and Kongres Advokat Indonesia (KAI).

These relationships will help connect businesses with people who understand the local market while linking them to the wider PS Centre network.

Building sustainability capabilities in Indonesia

ISCA and Universitas Sahid (USAHID) will enter a three-year collaboration to strengthen sustainability capabilities in Indonesia.

The collaboration will facilitate access to the ISCA Sustainability Professional Certification for eligible USAHID students, faculty members, alumni and other participants. It will also support learning and knowledge sharing in sustainability reporting and related areas.

The collaboration aims to connect academic learning with professional practice and build a stronger pool of professionals who can support businesses as sustainability requirements evolve.

Prof. Dr. Ir. Giyatmi, M.Si., Rector of Universitas Sahid, said: “Bringing the Professional Services Centre ecosystem to businesses in Indonesia represents an important step in strengthening collaboration between Indonesia and Singapore’s professional and business communities. We believe the ecosystem can serve as a valuable platform for knowledge exchange, professional development, and stronger connections between academia and industry. Universitas Sahid is pleased to support this initiative and looks forward to contributing to the development of future-ready professionals who can support sustainable and regional economic growth.”

The collaboration in Indonesia marks another step in building a regional network where businesses, professional services firms and local partners can connect across markets.

As businesses increasingly look beyond their home markets for growth, the aim is simple: when a business sees an opportunity across borders, it should not have to start from zero.

For additional quotes from PS Centre Alliance partners, please refer to the attached Annex.

ANNEX

Ms Hamidah Aidillah, Vice President, Association of Small & Medium Enterprises, said: “For Small & Medium Enterprises (SMEs) looking to grow overseas, finding the right connections and trusted support in a new market can be challenging. Through the PS Centre Alliance’s collaboration in Indonesia, businesses can gain access to professional expertise and local networks, helping Singapore SMEs better navigate the Indonesian market and pursue opportunities for growth across the region. This move is also in line with ASME’s internatiolisation efforts across ASEAN. ”

Mr Lie Kok Keong, Council Chairperson, Institute of Valuers and Appraisers Singapore, said: “Bringing the PS Centre ecosystem to businesses in Indonesia creates meaningful new opportunities for Chartered Valuers and Appraiser (CVA) holders to connect with a wider network of professionals in Indonesia through fostering knowledge exchange and capacity building. We encourage CVA holders to leverage on the wider network to build ties with their Indonesian counterparts to grow and create opportunities together.”

Mr Mark Lee, Chairman of Singapore Business Federation, said: “Businesses today need to remain agile and diversify their markets to build long-term resilience. Indonesia’s long term growth prospects and close ties with Singapore offer significant opportunities for our companies. By bringing PS Centre Jakarta and SEC@Jakarta together, we can make it easier for businesses to access our collective networks, advisory expertise and facilitation support, and help them turn these opportunities into meaningful partnerships and growth.”

Mr Ernie Koh, Council Member, Singapore Chinese Chamber of Commerce & Industry (SCCCI), said: “Indonesia is an important market for many Singapore businesses seeking to expand their regional presence. Through the PS Centre Alliance’s collaboration in Indonesia, enterprises can access trusted professional support and local networks, helping them better navigate the market and build the connections needed for cross-border growth.”

Mr Wayne Yap, Chief Executive Officer of the Singapore Manufacturing Federation, said: “Professional services firms are important partners in helping manufacturers understand new markets, manage business requirements and expand with confidence. Through the PS Centre ecosystem, businesses will bring together professional expertise, industry networks and local market connections to support manufacturers and other businesses pursuing opportunities in Indonesia and across the region.”

Mr Dennis Lui, Chief Executive Officer, Tax Academy of Singapore, said: “Tax is not a footnote to cross-border investment – It can determine whether opportunity becomes reality. Tax Academy of Singapore sits at the intersection of government, industry, and academia, enabling us to translate policy into practical capability and connect the people who make investment happen. Through the PS Centre Alliance’s collaboration in Indonesia, we want to bring that strength to the Singapore-Indonesia corridor – helping businesses move from opportunity to execution.”

Ms Peggy Yee, Treasurer and Council Member of The Law Society of Singapore said: “With more businesses expanding across borders and industries, the ability to navigate legal and regulatory complexities will become a critical skill for both businesses and firms. Bringing the PS Centre ecosystem to businesses in Indonesia will further provide valuable and trusted support for enterprises in the region, ensuring access to trusted legal expertise along with other professional services.”

Hashtag: #ISCA #CharteredAccountants #ProfessionalServices #ProfessionalServicesCentre #DifferenceMakers #Accounting #Accountancy

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

About the Institute of Singapore Chartered Accountants (ISCA)

The Institute of Singapore Chartered Accountants (ISCA) is the national accountancy body of Singapore. Established in 1963, ISCA administers the Singapore Chartered Accountant Qualification programme and is the designated entity by the Singapore Ministry of Finance to confer the Chartered Accountant of Singapore [CA (Singapore)] designation.

ISCA supports over 46,000 members across industries in Singapore and globally, with members in more than 40 countries. With a growing international presence, ISCA has 12 overseas chapters, 7 offices across 10 countries and a network of over 150 strategic partners, strengthening professional connections and opportunities across borders. ISCA is also a member of Chartered Accountants Worldwide, a global network representing more than 1.8 million Chartered Accountants and students across over 190 countries.

ISCA advances professional development and lifelong learning through ISCA Academy, its training arm and drives community impact through ISCA Cares, its charity arm.

For more information, visit www.isca.org.sg.

The Federal Ministry of Solid Minerals Development is partnering with EnergyNet to deliver the first Nigeria NOW

ABUJA, Nigeria – EQS Newswire – 3 September 2026 – The Nigeria NOW! takes place on 19 and 20 November at the Bola Ahmed Tinubu International Conference Centre, under the patronage of the Honourable Minister of Solid Minerals Development, Dr Dele Alake. Between 500 and 600 delegates are expected across energy, infrastructure and mining.

The Federal Ministry of Solid Minerals Development is partnering with EnergyNet to deliver the first Nigeria NOW!, and has committed to remain involved through the preparatory period rather than at the event alone. The Ministry hosted the Abuja launch, secured the patronage of the Honourable Minister, and convened three further federal ministries as deliberate participants.

Speaking at the launch through Engr. Obadiah Simon Nkom, Director-General of the Mining Cadastre Office, Dr Alake set out why four ministries participate rather than one. Infrastructure, licensing, financing, technology, security and market access fall across several mandates, and no single ministry can answer an investor’s questions on all of them.

Why Nigeria

Nigeria now issues no mining licence without a plan for a local processing plant. The rule has been applied consistently and the investment following it includes a $1.3 billion partnership with the Africa Finance Corporation covering an alumina refinery, geological mapping and exploration support, a $600 million lithium processing plant near the Kaduna-Niger border, and a $200 million lithium refinery outside Abuja.

The first working demonstration is already running. A lithium plant at Endo in Nasarawa State, commissioned on 2 July, processes 6,000 tonnes of ore a day on around $250 million of investment. Sector revenue reached over 38 billion naira in 2024 against 6 billion the previous year. A memorandum signed with Türkiye in May covers exploration, technology transfer, digitalisation and training, and the Solid Minerals Development Fund began awarding exploration grants in July under its new EMERGE endowment.

Nigeria’s power sector is moving on the same principle of decentralised decision-making. Two years into the Electricity Act 2023, the Nigerian Electricity Regulatory Commission has transferred regulatory oversight to sixteen subnational commissions, giving states authority over their own electricity markets for the first time. The Nigerian Sovereign Investment Authority has put domestic capital behind distributed renewable energy, and industrial self-supply has reached 200MW, with a steel plant among the projects breaking ground against it.

Dr Alake’s own formulation is that the days of exporting raw minerals from pit to port are over.

What the Expo covers

Nigeria NOW! brings government, investors, project developers, financial institutions and development partners together around three sectors, energy, infrastructure and mining, with a focus on projects, capital and partnerships rather than announcements alone. The programme runs across two days at the Bola Ahmed Tinubu International Conference Centre in Abuja.

“This is the first Nigeria NOW! held in Nigeria, and the Ministry’s commitment to stay involved through the preparatory period is what makes it different from a conference that arrives and leaves,” said Abdoulaye Sylla, Portfolio Manager and Head of Corporate Development at EnergyNet. “We expect between 500 and 600 delegates, and the Ministry has asked that the Expo be judged on what is delivered after it closes.”

Partners

Nextier joins the Expo as Official Advisory Partner, providing strategic advisory and media support across the programme.

The Nigerian Indigenous Women in Mining and Natural Resources Organisation (NIWIMNRO) joins as Women in Mining Partner. The network was recognised at the Abuja launch with EnergyNet’s Leadership Award and a $25,000 grant, following a year in which it took its work with women artisanal miners from three states to all six of Nigeria’s geopolitical zones, adding protective equipment, mobile medical visits and cooperative registration to the training programme it began with.

Women in Mining joins as Women in Mining in Nigeria Partner; The Lagos State Ministry of Energy and Mineral Resources joins as Lagos State Sponsor; The Electricity Hub joins as Official Podcast Partner.

YES! Nigeria

The Youth Energy Summit runs alongside Nigeria NOW! on 20 November at the same venue, bringing young professionals and entrepreneurs into the same building as the investors and ministries. The Youth Sustainable Development Network joins as a partner for the Nigerian edition, alongside the University of Abuja’s Centre for Entrepreneurship Development and Students as YES! Supporting Partner.

Distributed by APO Group on behalf of EnergyNet Ltd.

Download Image (1): https://apo-opa.co/4gIB9gr (Four Nigerian ministries convene global investors in Abuja for the maiden Nigeria NOW! Launch (1))

Download Image (2): https://apo-opa.co/4x1g0o5 (Four Nigerian ministries convene global investors in Abuja for the maiden Nigeria NOW! Launch (2))

Download Image (3): https://apo-opa.co/4gV7u42 (Four Nigerian ministries convene global investors in Abuja for the maiden Nigeria NOW! launch (3))

Media and partnership enquiries:
Poliana Sperandio
Director
Marketing Strategy & Performance
EnergyNet
Poliana@EnergyNet.co.uk
+44 (0) 207 384 8191

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

About EnergyNet

EnergyNet produces investment forums and digital dialogues across energy, mining and infrastructure in Africa, bringing governments, investors, developers and utilities together around investment, policy dialogue and project delivery. Best known for the Africa Energy Forum, EnergyNet has worked in Nigeria for fifteen years. EnergyNet owns and operates the Energy News Network, its independent editorial platform, and is part of Clarion Events.

The Competition and Consumer Commission of Singapore clarified that The Mineral Boutique Limited was not part of the DNA Brands investigation, as the Hong Kong beauty and wellness company looks to its next phase of growth across Asia

HONG KONG SAR – Media OutReach Newswire – 2 September 2026 – The Mineral Boutique Limited, the Hong Kong-registered owner of The Mineral Boutique brand and trademarks, welcomes the clarification issued by the Competition and Consumer Commission of Singapore (“CCS”) concerning its investigation into DNA Brands Co Pte Ltd.

In its clarification of 11 August 2026, CCS confirmed that references to The Mineral Boutique concerned specific Singapore outlets operated by DNA Brands, and that The Mineral Boutique Limited was not subject to the investigation. This distinction has subsequently been reflected in updated media reporting.

CCS stated:

“The Mineral Boutique Limited, and any outlets other than those named above trading under The Mineral Boutique brand trademarks, were not subject to this investigation.”

The distinction is important: operating particular retail outlets under a brand name is separate from ownership or management of the underlying brand.

Because the relevant Singapore outlets traded under The Mineral Boutique name, earlier public reporting sometimes conflated operation of those particular outlets with ownership or management of the underlying brand. The CCS clarification allows that distinction to be reflected accurately in the continuing public record.

The Mineral Boutique Limited supports the continued identification of the relevant Singapore outlets where necessary to assist consumers and the CCS refund process. The company has asked publishers only to ensure that the continuing public record accurately distinguishes those DNA Brands-operated outlets from The Mineral Boutique Limited and its wider business.

CCS’s refund scheme identifies the relevant Singapore outlets at Jewel Changi Airport, NEX and Wheelock Place among the outlets operated by DNA Brands. Consumers who may be eligible for the refund scheme can continue to contact the Consumers Association of Singapore (“CASE”) directly.

Building the Next Phase of The Mineral Boutique

With this distinction now reflected in the official record, The Mineral Boutique is focused on its next stage of development.

The Mineral Boutique is a beauty and wellness concept with an established retail and spa presence across Hong Kong and Macau. Its approach brings together mineral-powered skincare, professional treatments, advanced beauty technology and wellness within an integrated customer experience.

The brand has received consecutive recognition from Vogue Hong Kong, including Best Beauty Flash at the 2025 Vogue Hong Kong Beauty Awards and Best Anti-Aging Mask at the 2026 awards.

Kimmy Lee, Chief Commercial Officer of The Mineral Boutique Limited, said:

“The Mineral Boutique will continue to grow across Asia through a more holistic approach that connects skincare, advanced beauty technology, professional treatments and wellness.

“An upcoming collaboration with Paris-based 48 Collagen Café is one example of how we are extending the customer experience beyond traditional beauty retail.

“We remain focused on innovation, trusted partnerships and consistently high standards of service as we build the next chapter of The Mineral Boutique across the region.”

The Mineral Boutique Limited will continue working constructively with media, partners and other stakeholders to ensure the public record remains accurate while advancing its long-term growth strategy across Asia.

Hashtag: #TheMineralBoutique

https://themineralboutique.com
https://www.facebook.com/TheMineralBoutique/
https://www.instagram.com/themineralboutiqueofficial/
https://www.ccs.gov.sg/consumer-protection/legislation-and-guidelines/refund-scheme-for-affected-consumers-of-dna-brands/

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

About The Mineral Boutique Limited

The Mineral Boutique Limited is a Hong Kong-registered company and owner of The Mineral Boutique brand and trademarks.

The Mineral Boutique combines premium skincare, professional treatments, advanced beauty technology and wellness experiences, with an established retail and spa presence across Hong Kong and Macau.

A distinguished leader who served as the 8^th Governor (Yang di-Pertua Negeri) of the Malaysian state of Penang, Tun Fuzi will advise IMA on its regional growth strategy, strategic partnerships, and institutional engagement as the Publisher accelerates the expansion of its leading business magazine title, The SmartInvestor (TSI) across ASEAN.

“Onboarding Tun Fuzi is a milestone not only for IMA, but Malaysia’s media publication industry. Undoubtedly a seasoned leader fortified by his long diplomatic career experience, we are confident that his strategic insights will pave the way for TSI’s stronger regional voice,” said CT Cheah, IMA’s Managing Director and TSI’s Managing Editor.

Currently, TSI has established its presence in Hong Kong in addition to Malaysia via its magazine content and dedicated website platforms. The publication also recently relaunched https://smartinvestor.com.my and https://smartinvestor.hk and is also in progress to rolling out its China website by the first half of 2027.

Beyond expansion plans, Tun Fuzi also shares a common vision with IMA in empowering communities through financial literacy as the partnership will kickstart initiatives to promote practical grassroots financial education, strengthen awareness on governance and regulatory compliance as well as encourage informed financial-decision making among communities, business and future generations.

“A well-informed society is fundamental to sustainable economic growth. I believe the media has an important role in promoting financial awareness, encouraging good governance, and connecting businesses and communities across borders. Working with IMA, I am committed to supporting its nation-building initiative of advancing financial literacy and responsible investment knowledge across ASEAN,” stated Tun Fuzi.

With its expansion strategy in place and leveraging on the new appointment, IMA is exploring new opportunities for regional collaboration to broaden its reach and relevance across Asia. At the heart of this ambition is a commitment of combining credible journalism with education, contributing to a more informed, resilient and inclusive society.

Hashtag: #InovatifMediaAsia #TheSmartInvestor #TunFuzi

https://smartinvestor.com.my

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

About Inovatif Media Asia (IMA)

Founded in 2002, IMA has built a reputation for producing high-quality business and lifestyle publications. Apart from its leading business magazine The SmartInvestor, the Publisher also owns titles including Calibre, FENG, The G.Mag and The Real Time.

With a new management onboard in 2023, IMA is slated to expand its regional presence for publications, business dialogues and cross-border collaborations.

Websites:
1.https://smartinvestor.com.my
2.https://smartinvestor.hk

The event gathered over 350 distinguished guests, including Sam Hou Fai, Chief Executive of the MSAR; Gan Siow Huang, Minister of State, Ministry of Foreign Affairs & Ministry of Trade and Industry; representatives from the Embassy of the People’s Republic of China in Singapore; members of the MSAR Government delegation; delegates from the Macao-Hengqin and Mainland China economic, trade, and tourism delegation; as well as representatives from Singapore’s political, business, cultural, tourism, and trade association sectors.

Sam Hou Fai stated that last June, coinciding with the 35th anniversary of the establishment of diplomatic relations between China and Singapore, Prime Minister Lawrence Wong made a successful visit to China. President Xi Jinping and Prime Minister Wong jointly charted the course for the stable and healthy development of China-Singapore relations in this new phase. He noted that leading the delegation to Singapore this time is both a concrete action to implement the important consensus reached by the leaders of both countries, and a key initiative for Macao to leverage its unique advantages, deepen and expand exchanges and cooperation with Singapore, and inject new momentum into China-Singapore relations.

This year marks the inaugural year of China’s “15th Five-Year Plan,” and to ensure seamless alignment and coordination, the Macao SAR Government recently promulgated the “Third Five-Year Development Plan for the Economic and Social Development of the Macao Special Administrative Region (2026-2030).” The key strategic deployments of the Plan focus on driving diversified economic development on a solid footing, with four major engineering projects and government-guided funds serving as the primary leverage, while deepening Macao-Hengqin integration to advance the high-quality development of the Guangdong-Macao In-Depth Co-operation Zone in Hengqin. Furthermore, the Plan aims to accelerate urban renewal to build a beautiful and smart Macao, alongside actively participating in the high-quality development of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) to position Macao as a vital bridgehead for the nation’s high-level opening-up and an essential window for mutual learning and exchanges between Chinese and Western civilizations. Concurrently, Macao will actively establish a convenient and highly efficient public service system, fostering a world-class, market-oriented, law-based, and internationalized business environment to earnestly protect the legitimate rights and interests of all market entities and investors, thereby offering foreign investors a more attractive and reliable investment climate.

Gan Siow Huang remarked that Macao and Singapore have long maintained close and friendly relations, achieving fruitful cooperation in fields such as economy, trade, tourism, education, and cultural exchanges. Looking ahead, both sides can leverage their complementary strengths to further deepen cooperation in tourism and urban development, working together to seize new opportunities for regional development and economic growth.

Both Singapore and Macao have established internationally renowned tourism industries and destination brands, allowing the two regions to draw on each other’s experiences in crafting premium visitor experiences, developing integrated tourism products, and building vibrant, highly livable cities. Singapore looks forward to sharing practical experiences in tourism industry development with Macao and fostering productive partnerships between their respective business sectors. Furthermore, as enterprises in both regions value their domestic markets while increasingly casting their eyes on broader overseas opportunities, Singapore and Macao can serve as mutually trusted partners to bridge the markets of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) and Southeast Asia, supporting businesses from both sides in tapping into new opportunities and constructing robust cross-regional networks. At the same time, by pooling corporate strengths, both sides can carve out new avenues of growth in key economic sectors such as digitalization, innovation, sustainable development, and eldercare services.

Hashtag: #MSAR

https://www.ipim.gov.mo/zh-hant

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

SCX Logistics Reports More Than 240% Revenue Growth in the First Half, Reflecting Demand for Next-Generation Industrial Infrastructure Sets Roadmap to Expand Its Logistics Portfolio Beyond 1,000,000 sq.m. and Further Strengthen Its Presence in Bangna and the EEC

BANGKOK, THAILAND – Media OutReach Newswire – 1 September 2026 – SCX Corporation, SC Group’s recurring-income business platform, is advancing sustainable growth through the strategic expansion of SCX Logistics. The company has set a roadmap to expand its logistics portfolio to more than 1,000,000 sq.m. by 2029, following strong demand from customers across diverse industries. SCX Logistics reported revenue growth of more than 240% in the first half of 2026, compared with the same period last year.

The company also highlights the completion of SCX Logistics Bangna Km.20, an 80,000 sq.m. logistics development that embodies SC’s three promises: Quality, Care, and Responsibility. Combining a strategic location, total cost efficiency, flexibility, and future readiness, SCX Logistics is designed to meet the increasingly complex needs of the industrial sector. The company plans to expand across the strategic Bangna and EEC corridors by a further 200,000 sq.m. by 2027.

Mr. Rachod Nantakwang, Chief Executive Officer of SCX Corporation Co., Ltd., said that SCX continues to advance SC Group’s recurring-income businesses to build a stronger and more sustainable foundation for long-term growth. SCX Logistics is a key part of this strategy, and the company remains committed to its 2029 roadmap to expand its logistics portfolio from 200,000 sq.m. at the end of 2025 to more than 1,000,000 sq.m. in strategic logistics locations nationwide. The objective is to create greater value for customers while developing infrastructure that genuinely meets business needs.

“The warehouse market continues to experience strong demand. However, customer requirements today are markedly different from the past. Customers no longer assess warehouses solely on rental rates per square metre. They consider the entire production and logistics ecosystem: locations that reduce transportation time, flexible functionality that can adapt to future change, clean-energy solutions that support business sustainability, and, critically, a warehouse partner that can work alongside them to solve their business challenges.

We understand these evolving needs. This understanding has earned us the trust of customers across a wide range of industries and contributed to SCX Logistics achieving revenue growth of more than 240% in the first half of 2026, compared with the same period last year,” Mr. Rachod said.

SCX has consistently upheld SC’s three promises: Quality, Care, and Responsibility. The company also applies SC’s strengths in Design, Function, and Trust to its logistics developments, placing a strong emphasis on understanding each customer’s operations from the outset. This enables SCX Logistics to design spaces around actual business requirements, from building layouts and transportation flows to loading and unloading areas, as well as future energy and technology needs.

This approach is reflected in SCX Logistics Bangna Km.20, which has recently been completed across the full 80,000 sq.m. development. The project demonstrates SCX’s customer-centric approach to warehouse development, beginning with an understanding of customer requirements rather than a building concept. The project is currently fully occupied, with an occupancy rate of 100%.

SCX Logistics Bangna Km.20 is located on Bangna-Trad Road at Km.20 in Samut Prakan, on a site of more than 90 rai. It is a strategic location for logistics and transportation, serving warehouses, distribution centres, and industrial facilities across a range of sectors. The development offers both ready-built buildings and built-to-suit solutions tailored to specific customer requirements.

The project serves international customers from Asia and Europe across industries including logistics, manufacturing, data centres, and digital infrastructure.

Mr. Rachod added that SCX Logistics’ expansion plans for 2026 and 2027 will focus on strategic locations that play an important role in Thailand’s logistics network. Under the concept “Corridor, Not Just Land,” SCX selects investment locations based on the role each area plays in the supply chain and its ability to connect businesses with regional markets, rather than simply on the size of the land plot.

The company plans to add approximately 200,000 sq.m. of logistics space across key locations, including Bangna, Laem Chabang, Amata Chonburi, and the Eastern Economic Corridor (EEC). This expansion is expected to bring SCX Logistics’ total warehouse portfolio to approximately 400,000 sq.m. by the end of 2027.

“Each location plays a distinct role in supporting our customers’ businesses. Bangna is a key connection between Bangkok, Suvarnabhumi Airport, and the EEC. Laem Chabang is an important gateway for international trade, while Amata and the EEC are among the country’s major manufacturing bases.

We therefore do not see ourselves simply as a warehouse developer and operator. We aim to be an infrastructure partner that can deliver solutions tailored to the needs of customers across industries, while contributing to the development of Thailand’s infrastructure and supporting investment that drives national economic growth,” Mr. Rachod said.

SCX Logistics will continue to be a new and recurring source of income for SC Group over the long term. The company expects SCX Logistics’ full-year revenue to grow by approximately 280% from the previous year.

SCX Corporation operates under the vision “The Prospering Expedition” and the mission “The Way Forward,” with a focus on exploring new business opportunities that generate consistent recurring income over the long term.

Its portfolio includes SCX Logistics, which operates the warehouse business and has developed five projects totalling more than 200,000 sq.m. in strategic locations; SCX Hospitality, which operates hotels in Bangkok and other key destinations, including KROMO Bangkok, Curio Collection by Hilton, The Standard Pattaya Na Jomtien, and YANH Ratchawat; and SCX Working Solutions, which operates more than 120,000 sq.m. of office space, including Shinawatra Tower 3.

SCX’s growth is supported by a diverse and capable team, strong strategic partnerships, and a corporate culture that places customers and the environment at the heart of business development.

For more information, please contact scxinfo@scasset.com or visit https://www.scx.co.th.
Hashtag: #SCXcorporation #SCXLogistics #SC #SCWarehouse #Logistics #Engine2 #RecurringIncome

https://www.scx.co.th/en
https://www.linkedin.com/company/scx-corporation
https://www.facebook.com/scxcorporation
https://www.youtube.com/@SCXCorporation

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SCX Corporation

Partnered with CB Insights to unveil Hong Kong leads Asia and ranks fifth globally for high-potential start-ups, orchestrating the next era of global tech innovation

Key Takeaways:

• HKSTP’s 25^th Anniversary Prelude theme, “Innovation. Next by Nature.”, brings together great minds and bold ideas to inspire what comes next for Hong Kong’s innovation ecosystem.
• The CB Insights-HKSTP white paper ranks Hong Kong first in Asia and fifth globally, with a Mosaic score of 370 — a key indicator of high-potential ventures and future unicorns.
• The research highlights Chinese Mainland’s lead in Asia’s physical AI wave, as the region powers global growth in robotics and AI funding.

HONG KONG SAR – Media OutReach Newswire – 31 August 2026 – The Hong Kong Science and Technology Parks Corporation (HKSTP) today officially kicked off its year-long 25th anniversary celebration with a landmark event “Together to NEXT”, bringing together Innovation and Technology Partners, Park Companies, industry leaders, academia and startups to mark a quarter-century of transforming bold ideas into global impact.

To commemorate this milestone, HKSTP unveiled its anniversary theme, “Innovation. Next by Nature.”, a vision that signals its evolution from ecosystem enabler to orchestrator of the next era of global innovation. HKSTP also announced the findings of a landmark study, “Inside Asia’s Fast-Track to Global Tech Scale,” conducted in partnership with the leading technology market intelligence firm CB Insights, revealing Hong Kong ranks first in Asia and fifth globally, with a Mosaic score of 370. Mosaic score is CB Insight’s proprietary and industry-recognised indicator of high-potential ventures and future unicorns, evaluating momentum, financing, market opportunity and leadership quality. Hong Kong’s top ranking among Asian markets reflects a concentrated pool of scale-ready ventures and highly-investable innovation.

Ms Cordelia Chung, Chairman of HKSTP, said: “For 25 years, HKSTP has driven I&T as Hong Kong’s economic engine. Across our 240-hectare infrastructure and service ecosystem—comprising Science Park, InnoCentre, three InnoParks, and our Shenzhen Park—we turn research into real-world impact. Looking ahead, our ‘What’s Next’ vision is built on four dimensions, ‘Broad and Deep, Far Yet Near’: Broad means building a diverse talent ecosystem where human minds leverage technology; Deep involves advancing tech-industry convergence; Far entails expanding our global footprint; and Near focuses on drawing the future nearer with immediate action. Our community is our heartbeat. Together, we must strengthen, enhance, and collaborate, harnessing Hong Kong’s unique advantages to shape a better future for all.”

To kick off this next era, HKSTP has partnered with CB Insights to launch a white paper titled “Inside Asia‘s Fast-Track to Global Tech Scale.“ The report shows how Asia is reshaping the global innovation playbook with a network of specialist clusters, each optimised for a different stage of the innovation journey and built for today’s multipolar market landscape. CB Insights is a global tech intelligence leader and predictive data platform trusted by Fortune 500 companies.

Mr Terry Wong, CEO at HKSTP, said: “Asia’s rising innovation power is rewriting the global innovation map. While Silicon Valley grew as a single, all-in-one hub, Asia, with the Chinese Mainland as a key technology engine, is evolving an accelerated and more specialised network for global innovation. Hong Kong’s role as a super connector and value-adder has never been more important as Asia sets a new benchmark for start-up ecosystems. As HKSTP steps up as an ecosystem orchestrator, we are connecting innovators with capital, talent, deep Mainland China links and trusted pathways to global markets.”

Other Key Report Findings:

• Chinese Mainland drives physical AI takeover
  Asia’s AI investment exploding as physical AI leads the way with robotics raising US$26.1B and AI infrastructure hit US$21.4 billion in 2025, outpacing generative AI and fintech. China dominates region with close to 100% of deals in emerging segments: robot/industrial humanoid robot foundation models, vision language and autonomous driving models.
• Asia‘s specialist hubs as accelerators of growth across innovation lifecycle
• Asia vies for global R&D lead to complement established manufacturing and consumer power
  The region’s global R&D expenditure surge from 24% in 2007 to 45% in 2024, according to WIPO, while already the dominant region for global manufacturing as well as driving global consumption with growing purchasing power with Asia’s GDP reaching 48.6 percent in 2025, according to Boao Forum for Asia (BFA).

HKSTP: Global I&T Ecosystem Orchestrator and Innovation Accelerator

HKSTP’s 25th anniversary signals a renewed mission to make Hong Kong the global heartbeat of what’s next in innovation and technology (I&T). As HKSTP approaches its 25th anniversary, the new brand theme, “Innovation. Next by Nature.”, positions HKSTP as inherently built to lead the change. The year-long celebrative campaign “25 to NEXT” starts from August 2026 to July 2027 with 25 high-impact activations and cultural moments.

Anchored by three core goals — The Next Habitat (cultivating an innovation culture by connecting ecosystem stakeholders with signature events), The Next Horizon (broadening perspectives through industry-guiding insights, including the landmark study in partnership with CB Insights and 25 KOL collaborations), and The Next Pinnacle (developing overseas delegations and platforms across international markets). The campaign positions HKSTP as a more connected engine and forward-oriented convener of talent, capital, infrastructure and partnerships across sectors and borders.

Since its establishment, HKSTP has grown into Hong Kong’s largest I&T ecosystem, driving breakthroughs across Life and Health Technology, AI and Data Science, Microelectronics and Advanced Manufacturing, and GreenTech and New Energy. As the ecosystem orchestrator, HKSTP is committed to powering Hong Kong’s rise as the international I&T hub, underpinned by leading critical partnerships across Hong Kong and beyond, attracting talent, engaging stakeholders, and building a connected, forward-looking I&T community for the next era of global innovation.
Hashtag: #HongKongScienceandTechnologyParksCorporation #HKSTP

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About Hong Kong Science and Technology Parks Corporation

Hong Kong Science and Technology Parks Corporation (HKSTP) was established in 2001 and has built a proven foundation as Hong Kong’s leading innovation and technology (I&T) ecosystem. Established for 25 years, HKSTP is supporting 14 unicorns, has nurtured more than 17,000 research professionals and built a community of over 2,600 technology companies from 26 countries and regions across four strategic technology clusters: Life and Health Technology, AI and Data Science, Micro-electronics, and New Energy and Green Technology.

As an ecosystem orchestrator, HKSTP provides end-to-end support to attract and nurture talent, accelerate commercialisation and help technology ventures scale. Its innovation infrastructure spans over 240 hectares covering Hong Kong Science Park in Pak Shek Kok, InnoCentre in Kowloon Tong, and three modern InnoParks in Tai Po, Tseung Kwan O and Yuen Long, advancing Hong Kong’s vision for new industrialisation and smart manufacturing.

Hong Kong Science Park Shenzhen Branch in Futian, Shenzhen, strengthens cross-border collaboration by connecting Hong Kong, the Chinese Mainland and global innovation networks and propels Chinese innovators onto the world stage, while also delivering comprehensive GBA landing support to accelerate cross-border success for local and international ventures.

As HKSTP enters its next chapter with strong foundations, it continues to deepen impact, elevate quality and create value for innovators. As an ecosystem built to lead change, HKSTP is empowering Hong Kong to define what comes next in innovation, growth and opportunity.

More information about HKSTP is available at www.hkstp.org.

Held at the grounds of Pon An Kiong Temple, the initiative provided residents with medical examinations and consultations for common health conditions, including acute respiratory infections, skin conditions and diarrhea. Residents also received cholesterol, uric acid and blood sugar tests to help monitor their health and identify potential risks at an earlier stage.

Apical Dumai Head of General Affairs M. Jaya Budi Arsa said the initiative was intended to make healthcare services more accessible to residents, particularly those living in communities around Apical’s operations.

“We want to provide support that delivers real benefits and responds to the community’s needs. Through this initiative, we hope residents can access basic health services more easily and address health concerns earlier,” Jaya said.

The initiative reflects Apical’s commitment to supporting communities through programmes that address key areas of wellbeing, including health, education and economic empowerment. These efforts are guided by Apical’s 5Cs philosophy — doing what is good for the community, country, climate and customers, and only then will it be good for the company — which underpins the company’s approach to supporting communities around its operations.

Dumai Health Agency Head Dr. Syaiful welcomed the initiative, noting that collaboration between the government, private sector and communities can help expand access to healthcare and encourage greater awareness of preventive health.

“Collaboration among the government, private sector and communities is important to expanding access to health services. We hope this initiative will benefit local residents while also raising awareness of the importance of regular health checkups,” Syaiful said.

The initiative also received positive responses from local residents. Idrus, representing residents of RT 015, said the free health screenings and medical services made it easier for residents to access healthcare, particularly as the activity was held close to their homes.

Through initiatives such as this, Apical, a member of the RGE group of companies founded by Sukanto Tanoto, continues to work with local government and communities to support practical programmes that respond to local needs.
Hashtag: #RGE #Apical #community #healthcare #Riau

https://www.apicalgroup.com
https://www.linkedin.com/company/apical-group

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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.

Devanathan is due to take up the newly created role in October and will be based in Singapore, reporting to Kiran Mani, OpenAI’s managing director for Asia-Pacific. Her responsibilities will cover consumer growth, enterprise adoption and partnerships, regulatory engagement and operations across Southeast Asia and Australia.

The move gives OpenAI an experienced technology executive as competition intensifies among artificial intelligence companies for users, corporate customers, developers and public-sector partnerships. Devanathan has spent more than a decade at Meta and has held senior roles spanning ecommerce, gaming and country leadership across Asia-Pacific.

Devanathan announced her departure from Meta on Friday, describing the decision as “bittersweet” and saying she would take a short break before beginning her next chapter. OpenAI subsequently confirmed that she would join the company in the regional position.

Her departure also reshapes Meta’s reporting structure in one of its largest markets. Arun Srinivas, Meta’s managing director and country head for India, will report directly to Benjamin Joe, the company’s vice-president for Asia-Pacific. Srinivas had been reporting to Devanathan.

Devanathan joined Meta in 2016 and helped build its businesses and teams in Singapore and Vietnam, as well as ecommerce initiatives across Southeast Asia. She moved in 2020 to lead Meta’s gaming business in Asia-Pacific before being appointed vice-president and head of India, taking up that position in January 2023. Her remit was later expanded to include Southeast Asia.

At Meta, her work covered the company’s business and revenue priorities, relationships with major brands, advertisers, creators and partners, and the expansion of digital commerce and messaging services. She has more than 25 years of experience across banking, payments and technology.

OpenAI’s appointment places Devanathan in charge of markets where governments and companies are accelerating investment in generative artificial intelligence while also debating rules on safety, data, copyright and the use of advanced models. Her remit includes regulatory engagement, making her role important to OpenAI’s efforts to navigate differing policy regimes across Southeast Asia and Australia.

The company has been expanding its physical and management presence across Asia-Pacific, with offices in Singapore, Tokyo, Seoul, Sydney and Delhi. It has also strengthened its leadership in India, where it appointed former Uber executive Prabhjeet Singh as managing director earlier this year.

OpenAI has made India a significant part of its regional growth strategy as demand for generative AI tools rises among consumers, developers and businesses. In February, the company launched OpenAI for India, an initiative focused on artificial intelligence infrastructure, enterprise adoption, skills development and education partnerships.

Devanathan’s appointment extends that regional build-out beyond India, giving OpenAI a senior executive responsible for Southeast Asia and Australia from Singapore. The role combines commercial expansion with policy and operational responsibilities rather than focusing solely on sales or partnerships.

For Meta, the leadership change comes as the company continues to manage its advertising, messaging and social-media businesses across the region while increasing investment in artificial intelligence. Devanathan’s departure removes an executive who had overseen both India and Southeast Asia and had been part of Meta’s Asia-Pacific leadership structure.

When Meta appointed Devanathan to lead its India operations in 2022, the company said she would bring together its business and revenue priorities and strengthen relationships with brands, creators, advertisers and partners. She moved back to India for the role after earlier assignments in Singapore and Southeast Asia.

In her departure message, Devanathan highlighted work involving government citizen services delivered through WhatsApp in India and small businesses using Meta’s applications as digital storefronts in Vietnam, Indonesia and Thailand. She also referred to her experience helping technology companies and creators grow across the region.

The agreement emerged from the inaugural meeting of the India-Kuwait Joint Defence Committee in New Delhi on August 28, marking the first formal session of the mechanism created to institutionalise expanding security and military ties.

The talks were co-chaired by Joint Secretary Amitabh Prasad and Brigadier General Raed Alsakran, who headed a five-member delegation from Kuwait. India’s delegation brought together representatives of the Army, Navy and Air Force along with officials from the Department of Defence Production, Defence Research and Development Organisation, Armed Forces Medical Services and Ministry of External Affairs.

Both sides identified training and military exercises as priority areas, opening the possibility of greater exchanges between personnel and institutions. Military medicine and structured staff talks were also placed on the cooperation agenda, potentially creating regular channels through which officers can exchange operational experience and develop closer institutional links.

Defence manufacturing formed another important component of the discussions. The Kuwaiti delegation visited DPSU Bhawan in New Delhi and held talks with representatives of India’s defence industry on potential areas of cooperation. A separate interaction with industry representatives was also included in the delegation’s programme, indicating that commercial and technological partnerships are becoming a stronger part of the bilateral defence relationship.

The engagement gives practical momentum to the memorandum of understanding on defence cooperation signed during Prime Minister Narendra Modi’s visit to Kuwait on December 21-22, 2024. The agreement was designed to institutionalise cooperation in training, exchanges of personnel and experts, joint exercises, defence manufacturing, supply of military equipment and research and development.

That visit also saw India and Kuwait elevate their relationship to a strategic partnership, broadening a relationship traditionally centred on energy, trade and the movement of people. Defence and security have since gained greater prominence as both governments seek more structured engagement amid shifting geopolitical and security conditions across the Gulf and wider West Asian region.

The Joint Defence Committee provides a mechanism through which the provisions of the 2024 agreement can be translated into programmes, exchanges and projects. Its composition also reflects the wide scope envisaged for cooperation, extending beyond conventional military contacts into medical services, technology development and defence manufacturing.

Kuwait has traditionally relied heavily on international suppliers for defence equipment, while India has been expanding its efforts to become a larger producer and exporter of military systems. New Delhi has been encouraging overseas partnerships for domestically manufactured weapons, platforms, electronics and support systems as defence production capacity expands.

Research and development cooperation could therefore become a significant part of the relationship. Participation by the Defence Research and Development Organisation at the committee meeting creates an institutional route for exploring technology-based projects alongside conventional equipment sales and training arrangements.

The talks also come as Kuwait broadens defence engagement with partners across Asia while navigating a complex regional security environment. Its location at the northern end of the Gulf, close to Iraq, Saudi Arabia and Iran, has made military preparedness and diversified security partnerships enduring priorities for the country.

For India, deeper defence engagement with Kuwait complements its expanding strategic relationships with Gulf Cooperation Council states. New Delhi has progressively widened military exercises, naval engagements, training programmes and defence-industry cooperation with countries across the Gulf as economic and energy relationships have developed into broader strategic ties.

Brigadier General Alsakran also laid a wreath at the National War Memorial in New Delhi ahead of the committee meeting, paying homage to fallen military personnel. The gesture formed part of a programme combining official consultations, ceremonial engagements and meetings with defence-sector representatives.

Strengthening Competitiveness via Online-to-Offline Integration and Supply Chain Agility

Results Highlights

• Revenue reached US$301.51 million, representing a strong increase of 23.2%.
• Gross profit grew by 28.2% to US$93.98 million, with gross profit margin expanding to 31.2%.
• Operating profit increased by 30.1% to US$24.29 million.
• Net profit surged by 30.0% to US$18.30 million, with net profit margin improving to 6.1%.
• Business-to-consumer (B2C) platform YesStyle recorded revenue of US$215.07 million, up 30.5%, accounting for 71.3% of the Group’s total revenue. Offline expansion was enhanced with the opening of its first physical concept store in the US.
• Business-to-business (B2B) platform AsianBeautyWholesale (ABW) recorded revenue of US$82.75 million, up 6.2%, accounting for 27.4% of the Group’s total revenue.

HONG KONG SAR – Media OutReach Newswire – 28 August 2026 – YesAsia Holdings Limited (“YesAsia Holdings”, together with its subsidiaries, the “Group”) (2209.HK), a leading e-commerce platform operator recognized for its expertise in curating Asian beauty and lifestyle products, announced today its interim results for the six months ended 30 June 2026 (the “Reporting Period”).

The Group continued to capture strong global demand for Korean Beauty (“K-Beauty”) products, driving revenue up by 23.2% year-on-year to US$301.51 million. Gross profit increased by 28.2% to US$93.98 million, with gross profit margin expanding by 1.2 percentage points to 31.2%. Operating profit grew by 30.1% to US$24.29 million. Benefiting from forward-looking investments in localized and tech-driven logistics infrastructure, which successfully mitigated geopolitical and freight cost pressures, profit for the period surged by 30.0% to US$18.30 million, after recognition of an one-off expense of approximately US$1.24 million in termination benefits arising from the organizational streamlining. Net profit margin improved to 6.1%. Basic earnings per share were US4.39 cents (1H 2025: US3.43 cents).

Navigating Uncertainties through Market Diversification and Logistics Agility

A global market footprint remains pivotal in mitigating geopolitical risks. The US, the Group’s largest market, has absorbed the tariff shock and delivered progressive improvement during the Reporting Period, with revenue exceeding 2H 2025 even outside the typical holiday peak season. Among non-core markets (excluding the US, the UK, Canada, and Australia), robust demand across Europe and Latin America, unlocked new growth momentum, with revenue from Europe and associated countries and Latin America growing by 22.1% and 178.4%, respectively. In the Middle East, the Group navigated the regional tensions to achieve steady revenue growth of 33.4%.

Complementing market diversification, strategic investments in logistics infrastructure spanning Hong Kong, South Korea, the US, and Europe, alongside the adoption of automation technologies like AMRs, have built a highly resilient and scalable supply chain. These capabilities enabled the Group to maintain a stable baseline for business costs and absorb freight and fuel price spikes stemming from Middle East conflicts during the Reporting Period. Consequently, the increase in operating costs remained well below revenue growth, with freight cost as a percentage of revenue dropping to 19.0%, demonstrating the Group’s robust cost control and operational agility.

Integrating O2O Experiences to Drive B2C-B2B Dual-Engine Synergy

Social media marketing remained one of the Group’s core strengths during the Reporting Period, supported by an ecosystem of over 557,000 unique influencers that generated US$85.70 million and contributed nearly 40% of YesStyle‘s revenue. To amplify this online impact, the Group strategically expanded its global offline presence to seamlessly bridge online and offline customer experiences. YesStyle debuted a 1,500 sq. ft. concept store in the San Francisco Bay Area. At the same time, the Group staged high-profile activations, including a Madrid café pop-up that generated over 2 million impressions and brand events at Seoul’s Yesful Land that accumulated over 3 million impressions. Together, these physical and digital touchpoints successfully converted customer engagement into sustained loyalty.

This heightened brand exposure across end-consumer markets directly catalyzed overseas B2B purchasing demand. During the Reporting Period, ABW consolidated its newly built partnerships with retailers in the US and Latin America. Notably, ABW Online’s average order size surged 38.6% year-on-year to US$3,590.60. This uptick reflects substantially stronger purchasing appetite and inventory confidence for K-Beauty products among retailers, underscoring the powerful synergy of the Group’s B2C-B2B dual-engine model.

Mr. Joshua Lau, Founder, Executive Director and Chief Executive Officer of YesAsia Holdings, said: “K-Beauty remains on an upward trajectory as it becomes a mainstream player in the global beauty business. Looking ahead, we believe that there is ample room for growth for YesAsia Holdings in both the retail and wholesale spheres worldwide. Amid geopolitical and supply chain uncertainties, we are continuously reinforcing our competitive moat and market leadership through AI-empowered customer services, a highly agile supply chain, and a strategy that seamlessly converts online traffic into immersive physical experiences, thereby driving long-term value for our shareholders in a fast-evolving market landscape.”

Hashtag: #YesAsia

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About YesAsia Holdings Limited (02209.HK)

Established in 1997, YesAsia Holdings is a leading e‑commerce platform operator recognized for its expertise in identifying and procuring quality Asian beauty products. Headquartered in Hong Kong, the Group delivers products promptly and efficiently to a global audience through its strong ties with over 400 leading Asian beauty brand and supplier partners. The Group operates two major channels: YesStyle, a B2C e‑commerce platform serving the growing demand for Asian beauty, fashion and lifestyle products, particularly Korean beauty products; and AsianBeautyWholesale, a B2B‑oriented business for Asian beauty products via online and offline channels. YesAsia Holdings is a constituent of the MSCI Hong Kong Micro Cap Index.

For more information, please visit the Group’s official website: https://www.yesasiaholdings.com/

Under the theme “The Dreamatic Circus”, DELF 2026 explores how artificial intelligence (AI), immersive technologies, and other innovations are transforming the cultural and creative industries while creating new opportunities for digital entertainment and smart living. Running for three days, the event features four themed experience zones: Digital Entertainment, Culture and Arts, Smart Living and Business, and Robotics and Drones, showcasing more than 35 technology exhibits and interactive experiences.

Highlights include the immersive art exhibition of Hong Kong animation IP Another World, AI-powered fashion innovations, combat robots, drone performances, screenings, workshops, and competitions, offering visitors first-hand experience of emerging technologies.

DELF 2026 brings together more than 60 industry leaders, creators, academics, experts, and investors from Hong Kong, the Mainland, and overseas. The programme includes keynote speeches and panel discussions on AI collaboration, intellectual property development, the creative economy, smart living, film, gaming, animation, and immersive technologies.

On the first day, Cyberport signed memoranda of understanding respectively with Alibaba Cloud, The Hong Kong Academy for Performing Arts, and Hong Kong Shue Yan University. The partnerships will promote AI innovation, art-tech development, entrepreneurship, skills training, and talent cultivation, further strengthening collaboration among industry, academia, and research sectors.

Over the next two days, DELF 2026 will continue with eVTOL flight demonstrations, esports experiences, AI creative learning programmes, and showcases of AI-assisted animation and film projects. A special “Play to Earn” campaign will also allow visitors to complete missions, collect rewards, and win exclusive Another World merchandise.

For more information, visit: https://delf.cyberport.hk/tc/index

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Hashtag: #DELF

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