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UABBHK 2025 transformed traditional architectural exhibitions into a dynamic civic performance, positioning artificial intelligence (AI) not as a tool, but as a platform to co-create ethical, inclusive, and human-centred futures. Through immersive installations, public workshops, and experimental formats, UABBHK 2025 invited audiences to participate in the design of the city — in real time.

“The Biennale has not only showcased the possibilities of design in the AI era, but also activated a civic platform where architecture, technology and public imagination intersect,” said Ar. Allen Poon, Chairman of The Hong Kong Institute of Architects Biennale Foundation, during the ceremony. “Today’s conclusion marks both a milestone and a beginning — a new phase of creative exploration among Hong Kong, Shenzhen and the world.”

Exhibition Highlights: Tech Meets Imagination

UABBHK 2025 unfolded across two venues, Oil Street Art Space (Oi!) and the newly opened East Kowloon Cultural Centre (EKCC), showcasing 25 curated exhibits by architects, artists, researchers, and technologists from Hong Kong and beyond. Teams from 10+ regions, including Chinese Mainland, Hong Kong, Taiwan, as well as Australia, Austria, Italy, Japan, Singapore, the Netherlands, the UK, and the USA, explored how AI can be integrated into architectural thinking, spatial storytelling, and participatory design. Among the highlights were 4 video screening works that extended the exhibition’s themes through cinematic and documentary perspectives, addressing topics such as displacement and homecoming, the entanglement of code and culture, and speculative futures shaped by collective memory and student-led design fictions. Interactive installations like Prompt[Pond]ering, Sentient Mirror, and Collaborative Ephemeral Pavilion invited audiences to co-design spaces through AI-driven interactions. Works such as LANdLine Project and Flower Market Imaginaries grounded these future-facing visions in Hong Kong’s unique community and cultural context.

“In curating UABBHK 2025, we imagined AI not as a threat, but as a collaborator — a partner in rehearsing the future of our cities,” shared by Dr. Jimmy Ho and Ar. Aron Tsang, Lead Curators of UABBHK 2025. “We are proud to have created a platform that enables technology to be tangible, and civic imagination visible.”

Extending Impact: Public Programmes on Innovation & Collaboration

To extend the UABBHK 2025’s engagement beyond the galleries, two flagship public programmes were launched to bring AI and urban thinking into action: the ArchiTech Hackathon and the Hetao Vision: AI Video Competition.

ArchiTech Hackathon: Bridging Architecture and AI

Held earlier on the 24 January morning and co-hosted with Google Developer Group Hong Kong (GDGHK), the ArchiTech Hackathon was a first-of-its-kind 3-hour collaborative event that brought together 40 architects, developers and students — half from the HKIA Young Architects Group (YAG) and half from GDGHK — to explore how AI can support architectural workflows. The participants learned to use Google’s Gemini model and no-code platforms to build AI agents for architectural design code compliance.

Led by Mr. Frankie Wu from GDGHK, Ms. Adeline Chan and Ar. Owen Lam, Executive Curators of UABBHK 2025, the event embodied UABBHK’s vision by fostering cross-disciplinary collaboration between the tech and design communities, showcasing AI as a practical and imaginative tool for the built environment.

The winning team is Mr. Eric Chan and Ar. Toby Chiu. They successfully built the AI ​​agent for the competition in an astonishing time of 3 minutes, 56.32 seconds within a 60-minute timeframe, and was able to answer 10 questions, as required by the competition, completing the complex professional architect exam questions with 90% accuracy under four minutes.

Hetao Vision: Innovative AI Video Competition

Also announced during the ceremony were the winners of the Hetao Vision AI Video Competition, which invited creators to imagine the future of the Hetao Shenzhen-Hong Kong Science and Technology Innovation Co-operation Zone (HSITP). All entries were required to be fully AI-generated — both visually and aurally — using tools such as Runway, Pika Labs, Suno, and Udio.

The competition explored how AI can democratise futurology, letting creators of all backgrounds envision interconnectivity, innovation, and inclusiveness across the “one river, two banks” vision of Hetao.

The winning video,titled 深港河脈：一河兩岸的科創樞紐宏圖(Shenzhen-Hong Kong River Network: A Grand Vision for a Science and Technology Innovation Hub Across Both Banks) by Mr. Zhang Xiaoshan, was praised for utilising AI to create a convincing narrative of a cross-border innovation hub, demonstrating a profound understanding of the development of the Hetao area. Two additional finalists were also recognised for their distinctive storytelling and technical creativity.

A public screening of the shortlisted videos will be held in the Hetao Science and Technology Innovation Centre, in February 2026, allowing the public to reflect on the role of AI in imagining future urban life.

What’s Next: Visit UABBSZ and Explore the Living Archive

UABBHK 2025 will continue its journey in the Shenzhen & Hong Kong Bi-City Biennale of UrbanismArchitecture (Shenzhen) (UABBSZ) from January to March 2026. Whether you participated in the Hong Kong Edition or missed it, we warmly welcome you to visit the parallel venue of UABBSZ, at the Shenzhen Hetao Science and Technology Innovation Centre. Come and view the selection of UABBHK 2025 exhibits, continuing the creative dialogue and collaboration between Hong Kong and Shenzhen.

In addition, UABBHK 2025’s ideas and output will remain accessible through a dedicated digital gallery website and a forthcoming archive booklet, both will preserve the curatorial vision, exhibited works, and public interactions from this edition. These resources will serve as an open, living archive — a springboard for future conversations across architecture, AI, and urban futures.

Hashtag: #UABBHK

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About The Hong Kong Institute of Architects Biennale Foundation

The Hong Kong Institute of Architects Biennale Foundation is a non-profit making organisation established and incorporated in 2014 for charitable purposes. The objects for which the Biennale Foundation is established are:

• To promote creativity and advance the understanding, appreciation and interest of architectural and design excellence
• To encourage cross-border and cross-disciplinary dialogue and collaboration among creative professionals from Hong Kong, other parts of the Greater China region and overseas
• To support art, design, architectural and cultural education for students and youth, the community, and policy makers
• To create a favourable environment for study, research and experimentation of design, art and architectural works in an exhibition scale
• To energise and revitalise specific sites of interests by introduction of cultural and creative events

About the Cultural and Creative Industries Development Agency

The Cultural and Creative Industries Development Agency (CCIDA), formerly known as Create Hong Kong (CreateHK) since 2009, was established in June 2024. CCIDA is a dedicated office under the Culture, Sports and Tourism Bureau of the Government of the Hong Kong Special Administrative Region (HKSAR Government) to provide one-stop services and support to the cultural and creative sectors with a mission to foster a conducive environment in Hong Kong to facilitate development of the arts, culture and creative sectors as industries. CCIDA’s strategic foci are nurturing talent and facilitating start-ups, exploring markets, promoting cross-sectoral and multi-disciplinary collaboration, promoting industrialisation of the arts, culture and creative sectors under the industry-oriented principle, and fostering a creative atmosphere in the community, thereby reinforcing Hong Kong as Asia’s creative capital and our positioning as the East-meets-West centre for international cultural exchange.

Advancing R&D, talent development and the region’s energy transition

SINGAPORE – Media OutReach Newswire – 26 January 2026 – ST Telemedia Global Data Centres (STT GDC), one of the world’s fastest growing data centre colocation providers headquartered in Singapore, today announced two significant initiatives that strengthen Singapore’s position in the global digital and energy transition: the launch of the FutureGrid Accelerator, Southeast Asia’s first live High Voltage Direct Current (HVDC)-powered AI infrastructure testbed; and a suite of strategic Memoranda of Understanding (MOUs) with four Institutes of Higher Learning (IHLs) to advance skills development and expand internship and early career pathways for Singaporeans entering the workforce. These initiatives align with national efforts to support talent graduating into a challenging job market, while building the specialised capabilities required for next generation power and digital infrastructure.

Officiated by Ms Gan Siow Huang, Minister of State for Foreign Affairs and Trade & Industry, the announcement underscores a national push to build capabilities not only for AI-ready data centres, but also for the wider energy ecosystem, as Singapore and the region pursue net-zero ambitions.

FutureGrid Accelerator: HVDC innovation for AI and the wider energy transition
Located at the Nanyang Technological University, Singapore (NTU Singapore) Electrification and Power Grids Centre (EPGC) on Jurong Island, the FutureGrid Accelerator is a pioneering initiative jointly developed by STT GDC and LITEON, supported by the Energy Research Institute @ NTU (ERI@N) and NTU deep-tech spinoff Amperesand. It is the region’s first live testbed demonstrating HVDC integration with real AI workloads, addressing the high-density and high-resiliency requirements of next-generation AI computing.

While central to the future of AI data centre architecture, HVDC represents a broader opportunity: it is a foundational technology that supports more efficient, resilient and integrated power systems. This is critical for Singapore’s long-term energy strategy, its transition to low-carbon energy grids and the region’s increasing need for sustainable power delivery.

Why HVDC Matters: A scalable platform beyond the data centre
As AI and high-performance computing workloads scale, traditional alternating current (AC) power systems face inherent limitations. HVDC overcomes these constraints and delivers several transformative benefits:

• Up to 30% overall energy savings compared to conventional AC systems
• A reduction of up to 400 tonnes of CO₂ equivalent (CO₂e) per megawatt per year
• 45% lower copper consumption and a 30–40% smaller power-infrastructure footprint
• The ability to support ultra-high-density racks exceeding 1,000kW, with higher reliability and lower cost
• Native compatibility with renewable power sources able to feed directly to the direct-current system, avoiding inefficient power conversions

“The FutureGrid Accelerator is a strategic investment in Singapore’s long-term digital leadership,” said Bruno Lopez, President and Group Chief Executive Officer, ST Telemedia Global Data Centres. “By bringing together global industry leaders like LITEON with local deep-tech talent such as Amperesand, we are building infrastructure that is ready for future AI workloads while pioneering sustainable practices and setting new benchmarks for energy efficiency and carbon-conscious innovation. This initiative reflects our commitment to future-ready technologies and reinforces Singapore’s position as a global Centre of Excellence for advanced sustainable digital infrastructure. It is a bold step forward in shaping the future of data centres and accelerating energy transition across the region.”

Ms Gan Siow Huang, Minister of State for Foreign Affairs & Trade and Industry, said: “The FutureGrid Accelerator demonstrates how industry and academia can work together to drive innovation and strengthen Singapore’s global leadership in cutting-edge technologies. I also welcome STT GDC’s partnerships with ITE and SP, which will add to the suite of training options for the rapidly growing areas of AI and energy-efficient systems.”

The FutureGrid Accelerator will validate HVDC system performance at power loads of at least 325kW, incorporating the latest AI servers. The environment incorporates LITEON’s data centre reference architecture with Amperesand’s Solid State Transformer (SST) technology—an enabling innovation for next-generation HVDC deployment. STT GDC plans to deploy this technology in future data centres in Singapore and progressively scale adoption across its global operations.

“LITEON is committed to advancing the frontier of power management efficiency, and our collaboration with STT GDC and Amperesand is key to establishing the next standard for sustainable AI infrastructure in Asia,” said Jason Tsao, Head of Direct Current Microgrid at LITEON. “By deploying an end-to-end data centre reference architecture and integrated power management system in a live environment with STT GDC and partners, we are validating a high-density, energy-saving solution ready to meet the extreme demands of global technology leaders.”

“The FutureGrid Accelerator underscores NTU’s role as a strategic partner in shaping the future of sustainable AI infrastructure”, said Prof Lam Khin Yong, NTU’s Vice President (Industry). “By integrating cutting-edge HVDC technologies with our research capabilities and the entrepreneurial drive of NTU spin-offs like Amperesand, we are advancing impactful solutions that can significantly enhance energy efficiency and grid resilience. This collaboration showcases how universities can drive transformative innovations at the intersection of energy, digitalisation and sustainability.”

“Amperesand is obsessed with revolutionising Medium Voltage to critical load power delivery for next-generation AI data centres, defence, and other essential electrified assets. We focus on first principles to achieve market leading power density, efficiency, and reliability,” said Brian Dow, CEO and Co-Founder of Amperesand. “In this era of AI data centre and other critical power systems becoming economic and national security interests for many countries, Amperesand’s MV SST Platform enables in-country cyber-secure controls and data, regionally available supply chains, and low CAPEX intensity local manufacturing. Our solution is an intelligent, universal Medium Voltage power source that works on-and-off grid to improve critical infrastructure resilience as new large electrical loads come online.”

Developing Energy-Ready Skills: Partnerships with ITE, SP, NTU and NUS
STT GDC signed MOUs with the Institute of Technical Education (ITE), Singapore Polytechnic (SP), NTU Singapore and National University of Singapore (NUS). These partnerships will benefit more than 8,000 Singaporeans over five years through industry-aligned training in AI infrastructure and sustainable energy systems. This ensures the scaling of HVDC—and the broader energy transition—is matched by the transformation and availability of skills, jobs and talent development pathways.

Mr Lopez added, “Talent is the decisive enabler as we advance AI and sustainability infrastructure. These partnerships build a skilled workforce needed to strengthen Singapore as a global hub for advanced digital and energy systems.”

Key initiatives and impact:

• Building a talent pipeline: STT GDC will provide internship placements across ITE, SP, NTU and NUS over the next five years, with support from Enterprise Singapore. The programme offers immersive, hands-on experience in data centre operations and corporate functions such as IT, sustainability, finance and marketing, supported by mentoring from industry professionals. In addition, STT GDC will offer 100 sponsorships for Data Centre Foundation Certificate (DCFC®) offered by EPI, a global certification body for data centre facilities, data centre operations and industry professionals, accelerating entry into the sector.
• Developing industry-ready talent with ITE: The collaboration with ITE will benefit approximately 800 students annually — totalling 2,400 students over three years — from ITE’s engineering and information and communications technology (ICT)-related Higher Nitec and Work-Study Diploma courses. Key initiatives include co-developing industry-relevant curricula for full-time and Continuing Education & Training (CET) courses in data centre operations and sustainability; deploying a data centre virtual reality system at the ITE Extended Reality Centre for immersive training; supporting lecturer attachments and student internships; and enabling students to pursue the sponsored DCFC® course.
• Sustainability leadership with SP: The partnership with SP develops expertise in environmental sustainability and green data centre solutions. Initiatives include joint exploration of green technologies and practices; industry seminars and events to promote sustainable solutions; and targeted programmes for training, mentorship, applied projects and internships.
• Innovation and research leadership with NTU: The partnership with NTU combines cutting-edge joint R&D of solutions for AI data centres powered by direct current sources; training, curriculum and talent development for the AI data centre sector; industry and career talks; and internship opportunities across STT GDC’s group of companies.
• Graduate pathways with NUS: STT GDC’s collaboration with NUS supports accessible entry points for graduates through internships, training opportunities and ongoing career and industry engagement to raise awareness of digital infrastructure pathways.

Hashtag: #STTelemedia

https://www.sttelemediagdc.com/

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

About ST Telemedia Global Data Centres

ST Telemedia Global Data Centres (STT GDC) is one of the fastest-growing data centre providers with a global platform serving as a cornerstone of the digital ecosystem that helps the world to connect. Powering a sustainable digital future, STT GDC operates across Singapore, the UK, Germany, Italy, India, Thailand, South Korea, Indonesia, Japan, the Philippines, Malaysia and Vietnam, providing businesses an exceptional foundation that is built for their growth anywhere. For more information, visit https://www.sttelemediagdc.com/

Appendix: Partner Quotes

Mr Peter Lam, Chief Executive Officer, Institute of Technical Education (ITE): “At ITE, our focus is on equipping our students with future-ready skills for Singapore’s evolving economy. Through the partnership with STT GDC, our students gain valuable real-world training and exposure to advanced tools in data centre operations. This strengthens our efforts to prepare career-ready students and develop talent for Singapore’s growing digital infrastructure sector.”

Mr Soh Wai Wah, Principal and CEO of SP: “Singapore Polytechnic is committed to developing a future-ready workforce that can support Singapore’s growing demand for sustainable and resilient data centre operations. This partnership with STT GDC brings together our strengths in training, applied learning and industry collaboration to nurture talent in environmental sustainability and green solutions for data centres. Through co-developed programmes, mentorship, student projects and internships, we will build deeper capabilities and broaden pathways for learners to contribute to this important sector. SP looks forward to advancing this effort with STT GDC to support Singapore’s long-term industry and sustainability goals.”

Professor Lam Khin Yong, Vice President (Industry), Nanyang Technological University: “STT GDC is a partner that shares our commitment to advancing impactful research and developing future-ready talent. Leveraging NTU’s strengths in artificial intelligence, energy-efficient systems and translational innovation, this partnership will accelerate the co-development of next-generation AI data centre technologies while providing our students and researchers with valuable real-world experience. Together, we are helping to build a robust pipeline of skilled professionals who will support Singapore’s ambitions in sustainable and AI-driven digital infrastructure.”

Ms Joan Tay, Senior Director, NUS Centre for Future-ready Graduates: “NUS’ partnership with STT GDC is timely, as demand grows for skilled professionals to manage complex, high-density AI infrastructure. Through internships, training, industry engagement and access to recognised certification, we bridge education and industry to equip students with the skills and experience needed to thrive in today’s fast-evolving digital infrastructure space.”

This recognition marks the third consecutive year Vinova has been named among Singapore’s fastest-growing companies, following its previous rankings in 2024 and 2025

A Track Record of Consistent Growth

Over the past 15 years, Vinova has earned a strong reputation for digital craftsmanship, delivering high-end mobile and web solutions alongside enterprise-level applications. This sustained growth has been driven by a clear strategic focus, disciplined execution, and a strong commitment to quality.

Our unwavering focus on quality and innovation enables us to serve over 300 clients worldwide. From fast-scaling startups to established Fortune 500 corporations, each benefiting from our dedication to delivering cutting-edge solutions with Singapore-standard excellence.

As we scale, Vinova remains committed to integrating ESG principles into our core operations, striving toward a Net Zero carbon footprint to ensure our innovation contributes to a sustainable future.

“We are honored to be recognized among Singapore’s fastest-growing companies once again in 2026,” said Mike Nguyen, CEO of Vinova. “This achievement belongs to our dedicated team, whose commitment and professionalism continue to drive our growth. We remain focused on delivering Singapore-standard excellence to our clients and partners worldwide.”

Strategic Expansion and Global Presence

In 2024, from our headquarter in Singapore, we took a significant step forward by successfully establishing operations in Thailand, strengthening our presence across the APAC region. At the same time, we are actively expanding our global reach through high-impact strategic partnerships.

These alliances seamlessly combine our signature artisan design standards with large-scale engineering capabilities, while ensuring Vinova continues to lead and innovate at the forefront of the international IT industry.

Hashtag: #Vinova, #Business, #Technology

https://vinova.sg/
https://vn.linkedin.com/company/vinova-sg?trk=ppro_cprof
https://www.facebook.com/vinova.sg

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

VINOVA Pte Ltd.

Vinova is a leading digital transformation agency and technology solutions provider based in Singapore. With a focus on crafting beautiful, functional, and impactful digital products, Vinova offers services in UX/UI design, web and mobile application development, and enterprise system integration. Known for its agile methodology and client-centric approach, Vinova helps businesses innovate and excel in the digital age.

SINGAPORE – Media OutReach Newswire – 19 January 2026 – Madame Tussauds Singapore hosted an exclusive fan meet event on 16 January 2026, featuring international music and entertainment icon AGNEZ MO, bringing fans up close with the superstar in an intimate and memorable setting.

The special appearance marked a meaningful reunion between AGNEZ MO and her wax figure, which was first unveiled at Madame Tussauds Singapore in 2022. The fan meet offered a rare opportunity for fans to reconnect with the multi-talented artist while celebrating her continued global success.

Hashtag: #MerlinEntertainments #MadameTussaudsSingapore

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Madame Tussauds Singapore

Madame Tussauds has been inviting people to walk the red carpet and get closer to the revered – and feared – for over 250 years. With 22 attractions in the world’s top destination cities, we are dedicated to giving millions of visitors the opportunity to mingle with the mighty from A-listers to music legends, heroes of sport, to infamous world leaders. Today, we continue to partner with the global icons of a generation to create astonishing lifelike figures from sittings and offer exciting and interactive experiences to ensure guests have never felt closer to fame.

Merlin Entertainments is a world leader in branded entertainment destinations, offering a diverse portfolio of resort theme parks, city-centre gateway attractions and LEGOLAND Resorts which span across UK, US, Western Europe, China and Asia Pacific. Dedicated to creating experiences that inspire joy and connection, Merlin welcomes more than 62 million guests annually to its growing estate, with over 140 sites across 23 countries. An expert in bringing world-famous entertainment brands to life, Merlin works with partners including the LEGO Group, Sony Pictures Entertainment, Peppa Pig, Dreamworks and Ferrari to create destinations where guests can immerse themselves in a wide array of brand-driven worlds, rides, and uplifting learning experiences. See www.merlinentertainments.biz for more information.

ESET MDR delivers industry-leading real-time detection and a mean-time-to-respond (MTTR) of 6 minutes to keep businesses secure

SINGAPORE – Media OutReach Newswire – 19 January 2026 – ESET, a global leader in cybersecurity solutions, today announced the launch of two Managed Detection and Response (MDR) subscription tiers: ESET PROTECT MDR for small and medium businesses (SMBs) and ESET PROTECT MDR Ultimate for enterprises in Singapore.

Bridging the gap with MDR

ESET PROTECT MDR delivers a comprehensive cybersecurity package, offering 24/7/365 superior protection. This includes modern protection for endpoints, email, and cloud applications, vulnerability detection and patching, and managed threat monitoring, hunting, and response. For enterprises, ESET PROTECT MDR Ultimate offers continuous proactive protection and enhanced visibility, coupled with customised threat hunting and remote digital forensic incident response assistance.

ESET’s APAC SMB Cybersecurity Report 2024 revealed that 49% rate lacking a dedicated cybersecurity team and 52% rated keeping up with the latest threats as one of the top three cybersecurity challenges in Singapore. 31% also cited alert fatigue as the biggest challenge. Incidentally, APAC also faces the largest shortage of cybersecurity experts in the world. These highlight the urgent need for skilled cybersecurity professionals and managed services that can help bridge the country’s growing talent gap. ESET’s MDR services ensure organisations of all sizes and cybersecurity maturity to stay one step ahead of all known and emerging threats, effectively closing the cybersecurity talent gap, and facilitating expert consultations for incident management and containment in a fully managed experience.

ESET MDR delivers a remarkable 6-minute Mean Time to Respond (MTTR) — the fastest in the industry*. In comparison, the median time for organizations to detect a breach is 24 days**, leaving critical systems and data exposed for weeks. Every hour that a breach goes undetected dramatically increases the risk of data loss, operational disruption, and financial damage.

“Cyber threats are becoming more sophisticated and more time-critical, especially in highly connected digital economies like Singapore,” said Pamela Ong, Country Manager of Asia and Singapore at ESET. “Our AI-powered MDR services combine automation, human expertise, and global threat intelligence to help organisations move beyond reactive security. The ability to detect and respond within minutes can make the difference between a contained incident and a major breach.”

ESET’s MDR services Meet the Unique Challenges of MSPs

ESET recognises the growing pressures facing MSPs who must balance the critical task of securing clients’ complex IT environments with their own business growth and operations. With threat actors going heavy on supply-chain attacks and abusing MSP tooling, MSPs too find themselves fixed in the crosshairs of cybercriminals. Simply put, MSPs are not only potential victims, but also potential accessories to a crime. To help MSPs fulfill their security potential, ESET’s MDR is also designed to be deployed in an MSP environment with a single solitary security service, available 24/7 that help MSPs to secure themselves as well as their clients.

For more information, please visit www.eset.com/sg

*Based on publicly available information as of 1 October 2025.
**Verizon 2025 Data Breach Investigations Report
Hashtag: #ESET

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

About ESET

ESET® provides cutting-edge digital security to prevent attacks before they happen. By combining the power of AI and human expertise, ESET stays ahead of known and emerging cyberthreats — securing businesses, critical infrastructure, and individuals. Whether it’s endpoint, cloud, or mobile protection, our AI-native, cloud-first solutions and services remain highly effective and easy to use. ESET technology includes robust detection and response, ultra-secure encryption, and multifactor authentication. With 24/7 real-time defense and strong local support, we keep users safe and businesses running without interruption. An ever-evolving digital landscape demands a progressive approach to security: ESET is committed to world-class research and powerful threat intelligence, backed by R&D centers and a strong global partner network. For more information, visit www.eset.com or follow us on LinkedIn, Facebook, and X.

A Milestone in Sustainable Operations & Facility Management

Storefriendly stated: “Achieving this Excellent rating reinforces our commitment to ESG goals. By optimizing our operations management, we ensure that our self-storage facilities are not only efficient but also environmentally responsible, providing our customers with a superior and greener storage experience.”

Selective Scheme Focuses on Building Performance Across Key Assessment Areas

BEAM Plus EB reviews a building’s sustainability performance through multiple assessment areas, including Site, Management, Materials & Waste, Energy Use, Water, Indoor Environmental Quality, and Innovation. Within these, the Management aspect places strong emphasis on responsible management practices and measures that promote the sustainable operation of building spaces. Achieving an Excellent rating in this aspect further validates Storefriendly’s ongoing investment and results in day-to-day operations management and its broader sustainability strategy.

Integrating Smart Technology with Green Logistics

Storefriendly continues to invest in cutting-edge technology—including AI-powered customer service systems and Safety Box. By combining smart access controls with energy-efficient facility management, the Group enhances both security and operational performance. This HKGBC recognition serves as a roadmap for the Group’s future, as it strives to modernize the mini storage industry with forward-thinking, sustainable solutions for both personal and business clients.

The following five Storefriendly Tower properties have been certified by HKGBC and included in the Existing Buildings portfolio assessment:
1. Storefriendly Tower (Peninsula East): 82 Hung To Road, Kwun Tong
2. Storefriendly Tower (Metropolis East): 13 Yip Cheong Street, Fanling, New Territories
3. Storefriendly Tower (Island East): 8 A Kung Ngam Village Road, Shau Kei Wan
4. Storefriendly Tower (Peninsula West): 850-870 Lai Chi Kok Road, Cheung Sha Wan
5. Storefriendly Tower (Metropolis West): 22-28 Tai Chung Road, Tsuen Wan

Hashtag: #Storefriendly

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

About Storefriendly Self Storage Group

Founded in 2002, Storefriendly Self Storage Group is one of Asia’s leading self-storage brands, with operations across Hong Kong, Macau, Singapore, and Taiwan. The Group operates over 90 branches and more than 40,000 storage units. Over half of its branches are self-owned properties, conveniently located and equipped with 24-hour smart access and comprehensive security systems, providing safe and flexible storage solutions for both individual and business customers. The Group continues to invest in technology—including AI-powered customer service, wine storage, and smart safety boxes—to elevate service quality through innovation and deliver an enhanced storage experience.

Visit Storefriendly: https://www.store-friendly.com/en/

A landmark judicial ruling on the taxation of foreign investments routed through Mauritius has sent ripples across global financial markets, unsettling investors who have long relied on the island nation as a preferred gateway into India. The decision, delivered by the Supreme Court of India, upholds the government’s right to tax certain capital gains arising from indirect transfers and treaty-based structures, reinforcing a tougher stance on what authorities describe as aggressive tax planning.

India’s decisive stand on Mauritius-linked investments has revived debate over the balance between sovereign tax powers and investor certainty. Government data underline the scale of what is at stake. Over the 23 years leading up to 2023, cumulative foreign direct investment routed from Mauritius amounted to about $171 billion, making it the single largest source of inflows. For decades, the India–Mauritius Double Taxation Avoidance Agreement enabled investors to claim capital gains tax exemptions, helping fuel equity investment, private equity deals and strategic acquisitions.

The court’s ruling addresses disputes that intensified after New Delhi amended tax laws and renegotiated treaties to curb what it saw as treaty abuse. While the revised tax treaty signed in 2016 had already limited exemptions for new investments, the judgment clarifies that authorities may scrutinise older structures if they lack commercial substance. Tax officials argue the decision closes loopholes without violating treaty commitments, while investors warn it introduces uncertainty for legacy holdings.

Officials from the finance ministry maintain that the ruling aligns with international norms promoted by the Organisation for Economic Co-operation and Development, particularly the Base Erosion and Profit Shifting framework. They stress that genuine investors with demonstrable economic substance in Mauritius have little to fear. However, fund managers say the practical test will lie in how tax authorities interpret “substance” and whether retrospective demands emerge through reassessments.

Market reaction has been cautious. Legal advisers report a spike in queries from foreign portfolio investors and multinational corporations reassessing exposure to India-linked assets held through Mauritius vehicles. Some funds have begun exploring alternative jurisdictions such as Singapore or the Netherlands, though treaty benefits in those routes have also narrowed over time. The broader concern is not a single treaty, but a pattern of assertive tax enforcement that could complicate exit planning.

Mauritius itself faces strategic implications. The island has worked to reposition its financial sector beyond treaty advantages, emphasising regulatory credibility, compliance standards and links to African markets. Authorities in Port Louis have reiterated that the country remains committed to transparency and cooperation, noting that the revised treaty framework already reflects shared objectives with New Delhi.

Economists note that India’s investment landscape has changed markedly since the era when Mauritius structures dominated. Domestic capital markets are deeper, startup funding has diversified, and manufacturing-linked incentives are attracting strategic investors less dependent on tax arbitrage. Even so, foreign capital remains critical for sectors such as infrastructure, renewable energy and technology, making predictability in tax policy a sensitive issue.

Corporate leaders caution that while sovereign governments have the right to protect revenues, abrupt shifts can affect perceptions of stability. Several high-profile disputes in the past decade, including cases involving telecom and energy companies, continue to shape investor memory. The latest ruling, they say, reinforces the need for clear administrative guidance to avoid prolonged litigation.

From the government’s perspective, the judgment strengthens its hand in ongoing tax assessments and signals continuity in policy direction. Officials argue that aligning domestic law with treaty intent ultimately supports fair competition and long-term growth. They also point to dispute resolution mechanisms and advance rulings as safeguards for investors seeking clarity.

Accelerated overseas strategy as an integral part of brand transformation

HONG KONG/BANGKOK – EQS Newswire – 16 January 2026 – Chow Tai Fook Jewellery Group Limited (“Chow Tai Fook Jewellery Group”, the “Group” or the “Company”; SEHK stock code: 1929), the global Chinese luxury group built on a nearly-century old legacy of trust and innovation, announces the opening of a key strategic store in Bangkok, Thailand, within the iconic Siam Paragon, as well as the appointment of acclaimed Chinese actor Yang Yang as its Global Brand Ambassador. These initiatives mark significant milestones in the Group’s brand transformation journey as it redefines global luxury through Chinese craftmanship and artistry.

The Group, which operates over 5,000 stores globally with a market capitalisation of approximately HK$122 billion, equivalent to US$16 billion, (as of 31 December 2025), is strengthening its presence in luxury destinations across international markets as part of its brand transformation. The new store at a Southeast Asian luxury retail landmark showcases Chow Tai Fook Jewellery’s blend of modern sophistication with the richness imbued by cultural heritage.

In addition, the appointment of Global Brand Ambassador Yang Yang reflects the commitment to engaging new audiences and deepening emotional resonance with overseas consumers. Yang Yang, a renowned globally recognised Chinese actor, is set to strengthen the brand’s presence in key international markets, positioning it as a modern, elegant embodiment of Chinese luxury on the world stage.

A New Expression of Heritage and Modern Luxury

The new Siam Paragon store features the brand’s iconic “Chow Tai Fook Timeless Red” throughout. The space celebrates the beauty of Chinese craftsmanship and artistry with the use of refined materials and thoughtful lighting that create a warm, gallery-like ambience. To build connections and emotional resonance, the Group is introducing a selection of Thai-exclusive pieces that honour local culture.

“As we advance our dynamic brand transformation journey, curating exceptional retail experiences in international markets is pivotal in Chow Tai Fook Jewellery’s overseas expansion strategy. This expansion is part of our ambition to establish Chow Tai Fook Jewellery as a leading force in global luxury, while reinforcing our legacy of innovation, excellence, and cultural resonance,” said Ms Sonia Cheng, Vice-chairman of Chow Tai Fook Jewellery Group.

She further remarked: “Another key aspect of our strategic vision is the appointment of Yang Yang as our Global Brand Ambassador. Through this alliance, we will cultivate a refined and contemporary identity for a Chinese luxury brand on the world stage.”

Accelerating Global Reach to Redefine Luxury Across Borders

Chow Tai Fook Jewellery’s international business expansion is guided by a two-pronged approach: revitalising key existing markets and expanding into high-potential new territories for sustainable growth. With around 60 points of sales across international markets in 1HFY2026 (April to September 2025), the Group’s retail sales in Other Markets segment (including China duty-free) grew nearly 17% year-on-year.

The opening of the Siam Paragon store follows the debut of the Group’s first newly designed store in Southeast Asia, which opened at Singapore Changi Airport in November 2025. Building on this momentum, Chow Tai Fook Jewellery is set to further expand its international retail network, with plans to open its first store in Australia and an additional store in Canada by the end of June 2026. The Group also intends to expand into the Middle East market within two years.

Redefining Global Luxury Through Chinese Artistry

In celebration of its 95^th anniversary, the Group embarked on a brand transformation journey in 2024 to redefine global luxury. By blending heritage with contemporary iconic designs, the Group showcases the beauty of China to the world through exquisite jewellery that honours tradition while embracing modern elegance. ​

Chow Tai Fook Jewellery is the first Chinese jewellery brand to appoint a Creative Director with international perspectives and exposure, underscoring its commitment to innovative design and narrative-driven branding. Led by Creative Director of High Jewellery, Nicholas Lieou, the Group introduced its signature collections, including the CTF Rouge and CTF Joie Collections.

Hashtag: #ChowTaiFook

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

Organised by MP Singapore, and presented by the Franchising & Licensing Association (Singapore), FLAsia 2026 marks a new chapter for the long-running industry event as it enters its 21st edition under a new organiser partnership. The appointment of MP Singapore brings expanded regional reach, deeper industry engagement and a strengthened focus on business outcomes for exhibitors and visitors across Asia.

FLAsia 2026 is expected to welcome more than 7,000 trade visitors and over 250 exhibiting brands from franchising, licensing, character IP, retail concepts and emerging business models. The event will continue to serve as a central marketplace for brand owners, franchisors, licensors, investors and entrepreneurs to connect, explore partnerships and identify expansion opportunities across regional and international markets.

Building on the momentum from previous edition, the Brand Licensing Village will return in 2026. The dedicated zone will spotlight locally developed intellectual property that has already been successfully commercialised, offering visitors a focused platform to discover market-ready IP, connect with licensing experts and explore collaboration opportunities across categories. The Licensing Village reinforces FLAsia’s role in supporting IP growth and brand extension within the region’s licensing ecosystem.

On the franchising front, the Chinese Franchise Conference will make a return, reflecting continued interest from Chinese brands and investors seeking expansion opportunities across Southeast Asia and beyond. Curated in collaboration with key industry stakeholders, the conference will provide targeted insights, market perspectives and networking opportunities for Chinese franchise brands and regional partners.

FLAsia 2026 will also feature international pavilions and brand participation from key markets, with brands from Korea, Thailand and other regional economies expected to be present, further strengthening the show’s international profile. Alongside the exhibition showcase, the event will include curated business sessions, industry sharing, talent and career touchpoints, and dedicated zones highlighting innovation, IP development and brand growth, reinforcing FLAsia’s position as a leading gateway for franchising and licensing opportunities in Asia.

“Partnering with MP Singapore marks a dynamic leap forward for FLAsia. Together, we’re amplifying the event’s influence and reach, ensuring the franchising and licensing community thrives as the industry surges across Asia.” Mr Gan Shee Wen, President, Franchising & Licensing Association (Singapore).

“FLAsia is a well-established platform with strong industry trust, and we are pleased to be organising the event for the first time. By leveraging on MP’s global network, we will connect brands, partners and stakeholders in a way that will foster an environment that encourages collaboration, supports quality participation and drives tangible outcomes for both exhibitors and visitors. We are excited to grow FLAsia alongside the industry in the years ahead.” Jason Ng, Managing Director of MP Group.

Franchising & Licensing Asia has, over the years, established itself as a key business platform for brands seeking growth, market entry and partnership opportunities in Asia. With Singapore as its springboard, the event continues to attract regional and international participation, reinforcing its role as a gateway to Asian markets.

More information about FLAsia 2026 can be found at www.franchiselicenseasia.com.

Hashtag: #FLAsia2026 #Franchising #Licensing #BrandExpansion #TradeShowAsia #BusinessNetworking

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

About FLAsia

Franchising & Licensing Asia (FLAsia) – 21st Edition – Asia’s leading marketplace for franchising and licensing, FLAsia brings together reputable brand owners, business leaders, investors, and entrepreneurs to create a dynamic platform for accelerating business growth, expanding professional networks, and increasing brand visibility across the vibrant Asian market.​ ​FLAsia provides the chance for exhibitors to showcase unique business concepts, engage in face-to-face meetings with high quality visitors and create meaningful business connections.​ ​Visitors get to connect directly with brand owners, franchisors, licensors, industry experts, and like-minded leaders, attend insightful conferences, and access high quality business opportunities.​

About Franchising and Licensing Association (Singapore)

Franchising and Licensing Association (FLA Singapore), one of the founding members of the World Franchise Council, was established in 1993 with the mission to nurture and develop Singapore’s franchising industry. An essential component of Singapore’s knowledge-based economy, FLA Singapore promotes and facilitates the use of franchising, licensing and branding as a growth strategy for Singapore enterprises, thus contributing to turning Singapore into a regional franchise and license hub.

Through its partnership with Singapore government agencies and international franchise and license bodies, FLA Singapore also assists its members in their international development programmes. With an active growing membership of close to 150 companies, representing more than 250 strong brands, FLA (Singapore) is led and managed by a dedicated team of advisors, committee members and a full-time secretariat with the goal of supporting Singapore companies to expand internationally.

About MP Singapore

The MP Singapore (MP) is a global full-service agency that specialises in connecting and building eco-systems, industry engagement, events management and marketing. Established since 1987, MP embodies more than a quarter century of event building, marketing and management experience in both Eastern and Western cultures, practices, and business philosophies. We bring world-class talent, industry expertise, and incredible enthusiasm into the design and management of extraordinary online-to-offline experiences for your organisation.

MP is part of Pico Group, a global group of agencies specialising in engaging people, creating experiences and activating brands for businesses, institutions and governments. As part of the Pico group, MP has unlimited access to a wide network of industry contacts and resources. Pico Far East Holdings has been listed on the Hong Kong Stock Exchange since 1992.

This is the fifth edition of the Hong Kong Economic Policy Green Paper, released by HKU Business School, with the aim of providing recommendations on how Hong Kong can effectively tackle these challenges.

HKU Business School today unveils the Hong Kong Economic Policy Green Paper 2026. From left: Prof. Huiyin Ouyang, Associate Professor in Innovation and Information Management of HKU Business School, Prof. Dragon Tang, Professor in Finance in HKU Business School, Professor Hongbin CAI, Dean and Chair of Economics of HKU Business School, Prof. Richard Wong, Provost and Deputy Vice-Chancellor of The University of Hong Kong and Director, Hong Kong Institute of Economics and Business Strategy, Prof. Heiwai Tang, Associate Vice-President of The University of Hong Kong and Associate Dean of HKU Business School, and Dr. Tingting Fan, Principal Lecturer in Marketing of HKU Business School.

Prof. Richard Wong, Provost and Deputy Vice-Chancellor of The University of Hong Kong and Director, Hong Kong Institute of Economics and Business Strategy said, “This Green Paper was released after months of rigorous research by the scholars from HKU Business School. Grounded in an academic perspective and guided by a pragmatic, problem-solving approach, we have conducted objective analyses and in-depth investigations into core issues and real-world challenges currently facing Hong Kong’s development in political and economic operations, people’s livelihood, and industrial upgrading. Our aim is to provide the Government and relevant authorities with valuable insights and actionable policy recommendations.”

Professor Hongbin Cai, Dean and Chair of Economics of HKU Business School, said, “As a ‘super-connector’ bridging China and the world, Hong Kong’s unique role remains indispensable. Looking ahead, Hong Kong must deeply integrate into China’s national development plans, and also take a more prominent role on the international stage, with an in-depth understanding of the global market and active engagement with its international collaborators.

With campuses in Beijing, Shanghai, and Shenzhen, and an expanding presence in Vietnam and Europe, HKU Business School embodies our unique proposition: deeply rooted in Hong Kong, fully engaged with the Chinese Mainland, and truly international. This year’s Green Paper reflects our dedication to inspiring solutions based on rigorous research. As a world-class institute of higher education, we are committed to enabling Hong Kong to further unleash its core values and usher in a new era of high-quality development.”

Prof. Heiwai Tang, Associate Vice-President of The University of Hong Kong and Associate Dean of HKU Business School, added, “This Green Paper features research papers from ten teams of scholars with diverse backgrounds and varied expertise. Based on profound insights into Hong Kong’s development, they offer unique and targeted policy recommendations, building a rich and multifaceted framework of issues for the Green Paper. At the same time, behind these research achievements lies the scholars’ deep affection for and sense of responsibility toward Hong Kong.”

Regarding how digital technology can boost Hong Kong’s trade finance, he emphasised: “Both data and industry feedback clearly demonstrate the core value of trade finance. However, we need more synergy in the trade finance ecosystem and to catch up in digitisation. To address this, we must strengthen the governance and standard promotion of digital trade platforms and tools, deepen the cross-border interoperability of trade data, expand the functions of the Hong Kong Export Credit Insurance Corporation, focus on high-value-added trade enterprises, extend the coverage of Free Trade and Double Taxation Avoidance agreements, and promote responsible stablecoin adoption and Renminbi internationalisation.”

Prof. Dragon Tang, Professor in Finance at HKU Business School, stated, “Hong Kong is uniquely positioned to lead in the integration of blockchain technology within green finance, exemplified by our pioneering issuance of the world’s first tokenised green bonds, totalling HKD 6 billion in February 2024. With green finance representing a critical avenue for sustainable development, the global market is projected to grow significantly, emphasising the importance of transparency and trust. To capitalise on this opportunity, we must enhance our blockchain infrastructure, establish clear regulatory standards, and promote cross-border integration with initiatives like Core Climate. By leveraging blockchain’s capabilities, we can significantly reduce costs, improve transparency, and engage a broader investor base, ultimately driving our transition to a sustainable finance future.”

Prof. Huiyin Ouyang, Associate Professor in Innovation and Information Management, HKU Business School, commented on her study, saying, “Two weeks post-implementation of the hospital fee reform, the media reported no significant change in emergency department crowding, which aligns with what our analysis predicted. Overcrowding isn’t simply about patient behaviour – it’s a structural issue. Demographics are shifting, capacity is constrained, and alternative treatment options remain limited. What we now need is a careful, systematic evaluation of the fee changes. Where are vulnerable patients going for care? Are some patients delaying treatment? What unintended effects are emerging? Effective reform requires pairing fee adjustments with expanded primary care access. We can’t solve a capacity problem with pricing alone.”

Dr. Tingting Fan, Principal Lecturer in Marketing at HKU Business School, presented as well, spoke on her study and asked, “Why did Pop Mart go public in Hong Kong but register IP in Singapore? Or why was Molly ‘born’ in Hong Kong but did not go viral from Hong Kong? Why have local companies not managed to turn these homegrown IPs into major business triumphs? Learning from the past and looking forward, Hong Kong can leverage its financial market, legal system, as well as talents to build a comprehensive IP industry infrastructure and become an IP hub.”

The Green Paper includes ten articles; the key points are as follows:

Empowering Merchandise Trade Finance with Digital Technology in Hong Kong
Author: Prof. Heiwai Tang, Associate Vice-President (Global), The University of Hong Kong; Associate Dean (External Relations), HKU Business School; Associate Director, Hong Kong Institute of Economics and Business Strategy; Victor and William Fung Professor in Economics

• Trade is an essential lifeline for Hong Kong; its total merchandise trade was three times the city’s HKD3.2 trillion GDP in 2024. Trade finance is thus equally important, yet research shows that the total loans extended for trade finance have been declining.
• As geopolitical and technological shifts reshape trade, Hong Kong must upgrade its trade finance services. With consumer-goods trade shifting to smaller, more frequent orders and shorter cycles, financial institutions need to streamline approvals and develop flexible products for e-commerce and logistics-driven cash cycles. Banks also need to digitise core processes in fund settlement. The article cautions that platforms directly connecting mainland manufacturers with overseas buyers disintermediate Hong Kong’s traditional hub-and-spoke role.
• To address this, the article suggests the government leverage digital technologies to elevate the adoption of Hong Kong’s digital trade platforms through unifying core digital trade functions. Moreover, speeding up interoperability of trade data platforms with the Chinese Mainland and other economies will enable seamless data exchange.

Rebuilding Hong Kong as the Catalyst to the Greater Bay Area (GBA) Startup Ecosystem
Prof. Alberto Moel, Professor of Practice in Finance, HKU Business School
Prof. Joseph Chan, Associate Professor of Practice in Management and Strategy, HKU Business School; Associate Director, Centre for Innovation and Entrepreneurship

• Offering a quantitative analysis of the evolution of Hong Kong’s startup landscape, the article found that post-2019 activity has slowed, mirroring global venture capital trends, with most failing to grow beyond 50 employees due to scarce late-stage capital despite early-stage availability. While fintech and logistics dominate and AI/blockchain grow quickly, deep tech lags—authors view this as temporary and highlight Hong Kong’s alignment in financial innovation, regtech, and GBA supply chains to attract investment and support corporate transformation.
• To strengthen Hong Kong as the GBA’s premier startup hub and international financial centre, the article recommends nine policies—including fixing funding gaps, closing academia-market divides through industry-focused research for tech transfer, attracting/retaining talent, integrating Northern Metropolis with GBA supply chains, pivoting to high-value services, and drawing large tech platforms to incubate local startups.

The Applications of Blockchain in Green Finance: Hong Kong’s Experience and Opportunities
Author: Prof. Dragon Tang, Professor in Finance, HKU Business School; Associate Director, Centre for Financial Innovation and Development

• The green finance market has entered an important new phase. Hong Kong became the world’s first issuer of sovereign tokenised green bond when it priced an HKD800 million one-year note in February 2023. Despite this, Hong Kong faces several challenges in the practical implementation of using blockchain to advance green finance. This is due to the limited interoperability between blockchain platforms and existing financial infrastructure, which hinders cross-market transactions. Real-time settlement for tokenised assets is also difficult because of scalability constraints.
• The article argues that the future success of blockchain development in green finance will depend on progress in three areas: standardisation, scalability, and security. Clear regulatory frameworks and common technical protocols are needed to provide legal certainty and interoperability across platforms. While collaboration among regulators, technology providers, and energy-market participants can align rules for tokenisation. Blockchain can also connect Hong Kong’s Core Climate platform with overseas counterparts, as cross-border integration is crucial to the inherently international nature of climate finance.

Can Hong Kong be an IP hub for Future Labubu? An Overview of Hong Kong’s IP Industry
Dr. Tingting Fan, Principal Lecturer in Marketing, HKU Business School
Prof. Heiwai Tang, Associate Vice-President (Global), The University of Hong Kong; Associate Dean (External Relations), HKU Business School; Associate Director, Hong Kong Institute of Economics and Business Strategy; Victor and William Fung Professor in Economics

• As Labubu’s success turns the spotlight on the growing importance of the IP industry, the authors propose that this can inspire more creators and businesses to invest in branding, licensing, and cross-border collaborations. This can also attract policymakers’ attention to the emerging IP sector as a key driver of innovation and economic growth.
• To position Hong Kong as a leading regional IP trading centre, the authors recommend that stakeholders—including IP developers, entrepreneurs, and government agencies—coordinate efforts across key areas. These include building a robust IP financing ecosystem, such as through government-issued IP bonds replicating the green finance model; enhancing infrastructure and platforms to support IP development; developing specialised talent and professional services in the IP sector; promoting IP initiatives throughout the Greater Bay Area; and strengthening IP protection alongside a solid legal framework.

Thematic Research: Maximisation of Social Value and Shareholder Value – Insights from Hong Kong-listed Companies Across Sectors
Author: Prof. Sean Chang, Associate Professor of Practice in Finance, HKU Business School

• Through a triangulation research approach, the article examines how social policies, international frameworks, and corporate social responsibility influence a company’s valuation and capital budgeting decisions. Using insights from major Hong Kong-listed companies across nine sectors—spanning transport, utilities, financials, banking, conglomerates, technology, real estate, consumer, and hotel servicing—the research highlights CSR’s role in enhancing long-term firm performance.
• Key findings show that corporate risk assessment, company valuation, and stock performance are significantly influenced by CSR-linked socially responsible investing (SRI) factors. Hong Kong-specific social values, such as equality and sustainability, shape investor preferences, guiding finance managers to tailor solutions and adapt regulatory standards. While conventional metrics remain dominant, incorporating social value boosts long-term firm value by building shareholder trust and mitigating risks; companies can pursue CSR projects financed via SRI bonds to create dual economic and societal benefits.
• The study recommends embedding core values like equality and sustainability into corporate strategies, aligning budgeting processes with social objectives to pinpoint investments yielding both returns and positive impacts, and urging Hong Kong-listed firms to sustain capital budgeting aligned with enduring societal values.

Housing Affordability and Homeownership in Hong Kong, 1985-2023
Mr. Allen W. Huang, Student Researcher, Hong Kong Future Economy Institute
Mr. Alex Ngau, Research Associate, Hong Kong Future Economy Institute
Prof. Michael B. Wong, Assistant Professor in Economics, Management and Strategy, HKU Business School

• Hong Kong’s housing market has grown increasingly unaffordable, hindering upward mobility for younger generations. Main findings from the research reveal that since the 2002 suspension of the Home Ownership Scheme (HOS), homeownership has declined sharply, rendering private housing “impossibly unaffordable” for median-income households. A wide public-private rent gap drives young people to accept lower-paying or part-time jobs to qualify for public rental housing (PRH), distorting labour supply, stifling human capital investment, and fuelling a surge in adult co-living with parents; younger cohorts (born 1980-1999) face far lower access to public housing and ownership than prior generations at the same age.
• Taking Hong Kong Island as an example, between 2003 and 2024, the rent-to-income ratio for a typical 400-sq-ft private unit jumped from 35% to 60% of median household income, peaking at 65% in 2015 and 2019—far exceeding the UN-Habitat and World Bank’s 30% affordability threshold. Public housing rents stayed dramatically lower at just 7%–11% of median household income from 1985 to 2024. For home purchases, it now takes 18.2 years of median income to buy a 500-sq-ft private unit (up from 7.4 years in 2003), placing it in the “impossibly unaffordable” zone per the Demographia International Housing Affordability report, where ≤3.0 years is considered affordable and 9.0+ years is impossibly unaffordable. After the 2002 Home Ownership Scheme suspension, even subsidised HOS units now require 15.8 years of income on Hong Kong Island (up from 7.4 years in 2007), shifting them from moderately unaffordable to severely or impossibly unaffordable in urban cores.
• To reverse these trends, the authors recommend ramping up production of high-quality ownership units, easing resale and leasing restrictions on existing subsidised sale flats to boost residential mobility and enable “trading up” the housing ladder, setting housing price and affordability targets over mere supply goals, and adopting responsive mechanisms to balance demand and supply.

Beyond Crisis Management: Structural Reform for the Overcrowding in Hong Kong’s Emergency Departments
Prof. Huiyin Ouyang, Associate Professor in Innovation and Information Management, HKU Business School
Ms. Yiran Zhang, PhD student, HKU Business School

• Hong Kong’s public emergency departments (EDs) handle over 2.14 million annual attendances. This crisis, exacerbated by an ageing population, results from a structural mismatch: the majority of the attendances are for non-emergency conditions, leading to staff burnout and compromised care.
• The article proposes three comprehensive structural reforms. First, improving operational efficiency with accurate wait time information systems is crucial. Second, increasing the ED fee (categories III–V) aims to divert non-critical patients. Success for this hinges on assumptions about patient responses, particularly how varied population segments will react to the price signal. International evidence raises concerns, showing that higher ED fees can reduce overall utilisation, but with the decrease primarily occurring among price-sensitive groups who may risk delays in receiving serious care. Therefore, for this reform to succeed, the public must have genuine access to alternative care pathways that can accommodate acute but non-emergency needs outside regular business hours, with pricing acceptable to price-sensitive populations. Third, AI can augment the workforce and manage demand (e.g., through telemedicine).
• Ultimately, sustainable reform demands robust evaluation, political courage, and a commitment to address root causes, not just symptoms.

Initial Efforts to Empirically Measure AI Activity and Its Impacts on Hong Kong’s Labour Market
Prof. Alan Kwan, Associate Professor in Finance, HKU Business School
Prof. Mingzhu Tai, Associate Professor in Finance, HKU Business School; Associate Director, Institute of Behavioural and Decision Science
Mr. Zihan Wang, Master student, HKU Business School

• In an effort to empirically measure the impact of AI on Hong Kong’s labour force, the researchers observe that firms with a higher adoption of AI experience lower headcount growth. However, the scale of impact appears small in the city, which could be due to several potential reasons. One of these is the different composition of Hong Kong’s labour force compared with other countries. For instance, Hong Kong has a high proportion of finance or managerial talent, which is harder to displace; the city also features older or more elite workers. On the other hand, much of the impact of AI, particularly generative AI, is on the less elite and younger populations.
• As such, the authors recommend policymakers produce more labour market statistics that track the impact of AI, particularly by occupation. On the rate of AI adoption in Hong Kong through innovation, the authors find that the city is heavily skewed towards research, but not commercialisation. This means that the quality and quantity of academic research is not translating to commercial use. To address this decoupling, the authors propose that the government tweak its existing early-stage startup funding platforms to encourage streamlining and higher utilisation of existing government resources.

The Impact of Generative Artificial Intelligence on Cybersecurity in Hong Kong
Author: Prof. Michael Chau, Professor in Innovation and Information Management, HKU Business School

• As GenAI can produce human-like text, code, images, and audio, cybersecurity crimes have become easier and faster to perpetrate. Not only have data leaks and hacks into security systems led to significant financial losses in Hong Kong, but they also hurt confidence in the city’s digital infrastructure.
• The article recommends using AI to fortify Hong Kong’s cyber defence, such as using biometric verification and deepfake detection technologies, especially in areas involving critical infrastructure and high financial stakes. It is also important to prevent data leakage and other threats in using GenAI.

Hong Kong’s Next Growth: Pioneering the Web 3.0 Ecosystem
Prof. Yulin Fang, Professor in Innovation and Information Management, HKU Business School; Director, Institute of Digital Economy and Innovation
Mr. Yangchen Mou, PhD student, HKU Business School

• Given the inherent risks in Web 3.0 operational models—most notably within Decentralised Finance (DeFi) systems—striking a balance between fostering the development of the Web 3.0 ecosystem and implementing appropriate regulation to maintain financial stability is and should be a key priority for Hong Kong authorities. To support this, the article categorises the industry into three distinct systems—Centralised Finance (CeFi), the integration of Traditional Finance and Centralised Finance (TradFi-CeFi), and Decentralised Finance (DeFi)—and put forward targeted policy recommendations for each.
• For the CeFi system, the authors recommend creating a more conducive environment for development by refining specialised auditing frameworks, promoting a local Web 3.0 talent certification system, and introducing global leading CeFi institutions to the local market. For the TradFi-CeFi system, they suggest upgrading audit standards for traditional firms holding digital assets and upskilling traditional finance professionals with Web 3.0 expertise. In contrast, for the DeFi system, which carries higher inherent risks and poses greater regulatory challenges, the authors advise authorities to adopt a prudent stance while keeping monitoring its latest technological developments.

The full version of the Green Paper can be accessed here. Hi-res photos are available here.

Hashtag: #HKUBS

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

About HKU Business School

Established in 2001, HKU Business School is one of the youngest and most dynamic members of The University of Hong Kong (HKU). The School strives to nurture first-class business leaders and foster academic and relevant research that serves the needs of Hong Kong, China and the rest of the world in the new Asia-led economy. As a top international business school, the School has established its place as a globally impactful institution that leads the way through timely thought leadership, pioneering research, and educational excellence. Deeply rooted in Hong Kong and fully engaged with China, the School’s world-class faculty equip students with global knowledge and perspectives.

HKU Business School offers business education across a full range of disciplines, while achieving remarkable growth in faculty strength and research capabilities. The School ranks Asia’s No.1 in Financial Times’ Aggregated Research Ranking for two consecutive years, 2024 and 2025, while the University of Hong Kong ranked 11^th in the world and No. 1 in Asia according to the QS World University Rankings 2026. The School has strategic partnerships with world-renowned universities and corporate partners, providing market-oriented content, superior learning, and instrumental resources.

To better serve our students and alumni in various cities and regions, and to facilitate collaboration opportunities with business communities around the globe, HKU Business School has established a unique international network that extends to Beijing, Shanghai, Shenzhen and Ho Chi Minh City.

HKU Business School is fully accredited by the European Quality Improvement Systems (EQUIS) and the Association to Advance Collegiate Schools of Business (AACSB).

Visit us at https://www.hkubs.hku.hk/

Based in Singapore, Singh will leverage his extensive experience across some of Asia’s most dynamic markets to deliver innovative approaches to Risk Capital and Human Capital for Aon’s enterprise and large multinational clients in Asia. Reporting to Craig Torgius, chief client officer and head of enterprise clients, Asia Pacific, Singh will focus on building strategic partnerships and unlocking new opportunities supporting clients to achieve their growth ambitions.

“Kulshaan brings a rare blend of strategic acumen with strong execution ability, global insight and local expertise to our Asia Pacific team,” said Torgius. “His ability to lead transformation, foster collaboration and deliver results across diverse industries will be invaluable in helping clients navigate an increasingly complex risk landscape.”

With over two decades of experience in consulting and executive leadership, Singh held prominent roles including managing director for talent solutions for southeast Asia at Aon, CEO Mercer Singapore and chief people officer at Charoen Pokphand Group. Most recently, as the global group chief people officer at Thai Union Group, he spearheaded large-scale transformation initiatives including organisation design, succession and leadership alignment.

Reflecting on his new role, Singh said, “I feel privileged and excited to be back at Aon and look forward to working closely with Aon’s global and local teams to deliver solutions that help clients navigate complexity and interconnected challenges.”

Read more about Aon’s capabilities in Asia Pacific here.

Hashtag: #Aon

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

About Aon

Aon plc (NYSE:AON) exists to shape decisions for the better — to protect and enrich the lives of people around the world. Through actionable analytic insight, globally integrated Risk Capital and Human Capital expertise and locally relevant solutions, our colleagues provide clients in over 120 countries with the clarity and confidence to make better risk and people decisions that help protect and grow their businesses.

Follow Aon on LinkedIn, X, Facebook and Instagram. Stay up-to-date by visiting Aon’s newsroom and sign up for news alerts here.

Disclaimer
The information contained in this document is solely for information purposes, for general guidance only and is not intended to address the circumstances of any particular individual or entity. Although Aon endeavours to provide accurate and timely information and uses sources that it considers reliable, the firm does not warrant, represent or guarantee the accuracy, adequacy, completeness or fitness for any purpose of any content of this document and can accept no liability for any loss incurred in any way by any person who may rely on it. There can be no guarantee that the information contained in this document will remain accurate as on the date it is received or that it will continue to be accurate in the future. No individual or entity should make decisions or act based solely on the information contained herein without appropriate professional advice and targeted research.

Founded in Singapore in 2003, the Group has grown to encompass five specialised brands operating more than twenty outlets across Singapore and the region.

• SL Aesthetic Clinic offers doctor-led skin, face and body treatments, and is one of Singapore’s longest-running medical aesthetics clinic.

• SkinLab The Medical Spa, a dermatology-focused medical spa, specialises in medical-grade facials and skincare products for sensitive skin.

• TrichoLab, a dedicated hair and scalp health brand specialising in medical hair loss solutions.

• PROLOGUE brings together Prologue The Lifestyle Medical Clinic and Prologue Centre for Women’s Wellness as a unified lifestyle and preventive medicine brand, addressing chronic health concerns and promoting women’s wellness across life stages.

• Euphie (Malaysia) is the Group’s Malaysia-based extension comprising Euphie Skin Solutions and Euphie Clinic, delivering medically supervised aesthetic care.

The Group has served more than 100,000 patients, with care provided by a team of 12 doctors and more than 100 trained specialists.

Over the past two decades, the concept of beauty and wellness has broadened into a more holistic approach to personal care—one that goes beyond aesthetics to support overall wellbeing. People are placing greater emphasis on long-term health, from their mental health and nutrition to their physical appearance. This shift has driven growing demand for preventive, medically supervised services that integrate aesthetics with broader health concerns.

In response to these changing needs, SL Aesthetic Group has expanded its medical services beyond skin and hair treatments, introducing more than 40 new offerings across its five specialised brand portfolios, including women’s health services.

Dr Kelvin Chua, Founder and Senior Medical Director of SL Aesthetic Group, said: “Reaching 22 years reflects the continuity of care we have built over time. As patient expectations change, our focus remains on delivering medically supervised services that support long-term health and well-being.”

As part of this expansion, the Group launched Prologue The Lifestyle Medical Clinic and Prologue Centre for Women’s Wellness in 2025. Prologue The Lifestyle Medical Clinic focuses on preventive care for chronic conditions, supported by artificial intelligence–enabled health screenings for early detection of conditions such as dementia and cancer. Meanwhile, Prologue Centre for Women’s Wellness addresses women’s health needs across different life stages, including perimenopause, menopause, and postpartum recovery.

Within Singapore, the group strengthened its physical presence with the opening of its tenth SL Aesthetic Clinic and SkinLab The Medical Spa outlet at iMall in Marine Parade, as a response to strong and sustained demand from patients in the eastern region.

Regionally, SL Aesthetic Group marked a milestone as its Malaysia-based brand, Euphie — comprising Euphie Skin Solutions and Euphie Clinic — celebrated its first anniversary. Building on this foundation, the Group plans to open an additional outlet in Malaysia, extending its medically supervised services to a wider patient base.

Looking ahead, SL Aesthetic Group plans to continue expanding its clinical footprint while maintaining regulatory compliance, clinical standards, and patient safety.

For more information, visit: https://slaestheticgroup.com/
Hashtag: #SLAesthetic

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

About SL Aesthetic Group

SL Aesthetic Group is one of Singapore’s longest-established medical aesthetic groups, with a presence in Singapore and Malaysia. The Group houses a diverse portfolio of brands, including SL Aesthetic Clinic, SkinLab The Medical Spa, TrichoLab, PROLOGUE, and Euphie (Malaysia).

Founded in the 2000s, SL Aesthetic Group specialises in skin and hair health, women’s wellness, and holistic medicine. Across its clinics and outlets, the Group offers a comprehensive range of FDA-approved aesthetic and medical treatments, all supervised by trained and certified healthcare professionals holding Certificates of Competency (COC) recognised by the Singapore Medical Council’s Aesthetic Practice Oversight Committee (APOC).

Chinese media reports highlight Malaysia as Xtep’s springboard for expansion into Southeast Asia, emphasizing that this business model transformation is crucial for implementing the “Chinese Root, World-Class Running Shoes” strategy proposed in 2022. Bonia’s sales network spans Malaysia, Singapore, Indonesia, Thailand, and other Southeast Asian markets. The company maintains strong, stable relationships with major shopping centers in these countries, possesses deep insights into local consumer needs, and has solid cross-border retail operation capabilities.

The first store under Xtep’s partnership with Bonia opened in Mid Valley Megamall, Kuala Lumpur. According to Xtep, this3,262-square-foot professional running flagship store displays performance running products by function and features services such as a trial running zone and foot shape and gait analysis, allowing runners to experience world-class running technology. This store also showcases stories of local runners and photos from local running events to enhance runners’ sense of belonging.

Running culture in Malaysia is maturing. Data from the World Bank and Euromonitor International shows that Malaysia has the largest sportswear and footwear market in Southeast Asia. The Malaysian Sports Culture Index 2023 survey revealed that 63% of respondents cited jogging as their favorite sport. In terms of road racing popularity, the 2024 Kuala Lumpur Standard Chartered Marathon attracted over 40,000 participants.

Xtep entered the Malaysian market in 2024 and has consistently employed an operational strategy of “Professional-to-mass influence” coupled with a cultural strategy of “adapting to local conditions”. The brand has connected with local consumers through events and running communities. During its partnership with VGO, Xtep organized several large-scale running events in Malaysia, including the “10KM Time Challenge” held in Penang in August 2024, which attracted top athletes from Indonesia, Singapore, Uganda and Kenya. With Malaysia emerging as a strategic hub for international growth, Xtep envisions the country as both a blueprint for overseas expansion and a dynamic showcase of its running heritage.

Hashtag: #Xtep

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

MoU signing and Malaysia Book of Records recognition underscore sustained consumer trust for ELDON, at a time when Malaysians are paying closer attention to sleep, stress and lifestyle balance

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 14 January 2026 – Malaysian media personality Chan Fong and singer-actor Henley Hii have been appointed brand ambassadors for Malaysian health and wellness brand Eldon Healthcare, also known as ELDON, reflecting the brand’s mission to provide relatable, real-life health advocacy for modern Malaysians.

The appointment comes at a meaningful milestone for ELDON, a consumer health and wellness brand of the Pharm-D Health Science group, following Malaysia Book of Records’ recognition for one of its flagship products, ELDON DX MAGELAX, as the most magnesium glycinate capsules sold in Malaysia.

Introduced to the Malaysian market in 2020, ELDON DX MAGELAX was among the earliest magnesium glycinate supplements registered with the National Pharmaceutical Regulatory Agency (NPRA). At a time when awareness of magnesium was still limited, ELDON played an early role in familiarising consumers with magnesium glycinate, now widely recognised for its absorption profile and gentle tolerability, and and known for supporting muscle relaxation, migraines and sleep-related concerns such as insomnia. This Malaysia Book of Records recognition reflects not only strong sales performance, but also growing accessibility and consumer trust.

According to Wong Chin Cheang, Group Managing Director of Pharm-D Health Science, the appointment of the brand ambassadors, alongside the Malaysia Book of Records recognition for ELDON DX Magelax, reflects a broader milestone in the group’s long-term journey.

“ELDON’s growth reflects what we stand for as a group: building Malaysian health brands that are grounded in science, scaled responsibly, and trusted by the public over time,” he said. “Achievements like these are not only about the scale or numbers alone, but also consistency, credibility, and serving real needs in the community.”

Brand Ambassadors grounded in the real Malaysian health and lifestyle

Malaysian media personalities Chan Fong and Henley Hii are well-known Malaysian public figures with strong audience connections across lifestyle and entertainment circles. Grounded, busy and active in ways many Malaysians relate to, they were chosen for their strong alignment with ELDON’s brand philosophy, which inspires practical wellness habits, including prioritising better rest, sleep quality and a balanced lifestyle.

This partnership taps into post-COVID trends where three in four Malaysians prioritise holistic health, as national conversations continue to encourage prevention and healthier routines.

“This partnership feels personal because it is based on real routines,” said Chan Fong. “Whether you are working late, juggling responsibilities, or simply trying to keep up with life, your daily habits matter. I appreciate that ELDON’s approach is practical and grounded.”

Henley Hii added, “A lot of people think wellness has to look perfect, but most of us are just trying to be consistent. I am excited that this is a long-term partnership because real habits take time, and it is about showing up repeatedly.”

ELDON: a Malaysian consumer health brand shaped by purpose and scale

Fully homegrown in Malaysia, Eldon Healthcare is a wholly owned subsidiary of Pharm-D Health Science, an integrated Malaysian pharmaceutical and consumer health group of companies committed to advancing evidence-based health solutions across different life stages. ELDON represents the group’s consumer health pillar, which focuses on translating scientific expertise into accessible, everyday health and wellness solutions.

For ELDON, the focus has always been on building credibility steadily through quality formulation, transparent sourcing, and wide accessibility through pharmacies, clinics, and healthcare partners across Malaysia and Singapore.

“ELDON was never built to chase hype,” said Kenn Siaw, Chief Executive Officer of Eldon Healthcare. “Our responsibility is to create sustainable health solutions that people can rely on. The Malaysia Book of Records recognition is meaningful to ELDON because it reflects a strong trust from consumers, pharmacists, and healthcare partners.”

He added that the appointment of Chan Fong and Henley Hii represents the next phase of the brand’s journey: “They represent the realities of modern Malaysian life, demanding schedules, family responsibilities, and the need to stay healthy without overcomplicating things. That’s exactly who ELDON exists for.”

Looking ahead

With its growing footprint and renewed focus on public engagement, ELDON aims to continue supporting Malaysians who see health not as a luxury but as an essential foundation for everyday living.

Together, the appointment of brand ambassadors and Malaysia Book of Records recognition mark not just a celebration but a stronger commitment from both the company and the brand to continue delivering consistent, trustworthy health solutions.

This milestone adds to Pharm-D Health Science’s growing track record of national recognitions, as its probiotic brand Lang Bragman, was recently also being recognised by the Malaysia Book of Records as the Largest Range of Homegrown Probiotic Products in Malaysia.
Hashtag: #EldonHealthcare #Eldon #EldonMagelax #MalaysiaBookofRecord #MostMagnesiumGlycinateCapsulesSoldInMalaysia #MagnesiumGlycinate #Migrane #Insomia #magnesium #albion #BetterRest #BetterSleepQuality #glycinate #activelifestyle #Ambassador #ChanFong #HenleyHii #PharmDHealthScience

https://eldon.com.my/
https://www.facebook.com/EldonHealthcareMalaysia
https://www.instagram.com/eldonhealthcare/

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

About ELDON

ELDON is a Pharm-D Health Science consumer health and wellness brand offering a wide range of science-based health solutions across nutritional supplements, functional food, skincare, personal care, and medical-adjacent products.

With partnerships and distribution spanning 2,000+ retail pharmacies and 100+ clinics across Malaysia and Singapore including digital health platform Pharm-Dx, ELDON is committed to quality, relevance, and accessible care for everyday health and wellness needs.

Learn about ELDON here: https://eldon.com.my/

About Pharm-D Health Science

Founded in 2001, Pharm-D Health Science (PDHS) is an integrated Malaysian pharmaceutical and consumer health group of companies specialising in pharmaceuticals and consumer health products. Its portfolio includes trusted, high-quality brands such as ELDON, VALENS, CMD, Lang Bragman, Reflux-G, Retane, and more.

Guided by its mission to make health and wellbeing accessible through science, the Group operates across research, development, manufacturing, and commercialisation to deliver science-based health solutions spanning across rare diseases, pharmaceuticals, medical nutrition, nutraceuticals, skincare and microbiome research.

Learn more about Pharm-D Health Science here: https://pharmdhs.com/

Beyond Balance: The Next Regime

HONG KONG SAR – Media OutReach Newswire – 13 January 2026 – Today, KGI has released its 2026 Global Market Outlook, covering markets in the US, Mainland China, Hong Kong, Taiwan, and Singapore.

After a turbulent year of trade disruptions and policy uncertainty under President Trump, investors face new questions. China has unveiled its 15th Five-Year Plan, as policymakers aim to support domestic growth amid global challenges. The market outlook for 2026 is shaped by interest rate decisions, economic resilience, and shifting international dynamics.

Under this backdrop, we propose the “LEAD” strategy for 2026:

1. Liquidity Shift
2. Earnings Focused
3. Adding Credit
4. Diversified Assets

Cusson Leung, Chief Investment Officer at KGI, says: “Looking ahead to 2026, investors can adopt a LEAD strategy: L ​​stands for Liquidity Shift, benefiting from a weakening US dollar and interest rate cuts, with funds expected to flow to non-US dollar and Asian currencies; E stands for Earnings Focused, focusing on earnings growth to support valuations and allocating to US, European, and Japanese stocks; A stands for Adding Credit, locking in the credit of leading companies and increasing holdings of A-rated investment grade bonds; and D stands for Diversified Assets, responding to the upward trend in both stocks and bonds by including alternative assets to optimize asset allocation.”

Macro & US Markets
The US economy will experience a more pronounced downturn in 4Q25, which will extend into 1H26, and this will have a negative impact on consumption, slowing investment activity. Nevertheless, AI-driven productivity gains should provide some support, with US GDP growth in 2026 forecast at 2.2%. The eurozone will see moderate growth, with Germany benefiting significantly from fiscal expansion and economic improvement. Japan’s economy will strengthen on domestic demand, aided by additional fiscal stimulus. China has demonstrated resilience under trade protectionism in 2025. With inflation risks easing and labor market risks rising, the US Fed cut the interest rates in September 2025, with a total reduction of 75 bps in 2025, followed by an additional 50-75 bps in 2026.

Regarding US stocks, AI-driven productivity gains and cost reductions should sustain solid profitability, with S&P 500 earnings projected to grow by 13.55% year-on-year (YoY) in 2026. However, higher risk premiums may cap valuation upside, leading us to project a year-end target of 7,650 points. Market performance will reflect risk-driven declines in 1Q26, stabilize and recover in 2Q26, and rally significantly around the midterm elections in 4Q26. By sector, among AI-related themes we favor technology, semiconductors, utilities (on higher power demand), machinery for advanced manufacturing, and industrial REITs. Non-AI beneficiaries include aerospace and defense (on higher military spending), pharmaceuticals (on tariff benefits), and capital market segments (supported by active investment banking). As for fixed income, US economic weakness and Fed rate cuts will drive Treasury yields lower, with 10-year yields expected to fall to 3.5-3.7% by 2Q26. We recommend allocating to US Treasuries or high-rated investment-grade corporate bonds in 1H26, then rotating into high-yield bonds in 2H26 as policy rates and economic conditions reach a bottom.

James Chu, Chairman at KGI Securities Investment Advisory, says: “AI is triggering a new productivity revolution, supporting economic growth and strengthening corporate earnings. While the US economy is expected to slow, a recession remains unlikely, and the short-term impact of tariff policies should gradually fade by the first quarter of 2026. Although the Fed may shift from cutting rates at every meeting to cutting at alternating meetings, the overall environment remains a rate-cutting cycle. In a non-recession backdrop, lower interest rates should continue to support equity market performance.”

Mainland China and Hong Kong Markets
In terms of the macroeconomy, with the conclusion of trade agreements among many countries, risks have subsided. However, due to external drag, China’s GDP growth is expected to slow slightly to 4.6% in 2026. In 2026, investors should focus on four key areas for Hong Kong and mainland China markets: (1) In the consumption sector, domestic demand continued to be the core growth driver, contributing more than half of GDP. As the “trade-in” effect diminishes, the central government is expected to implement the “15th Five-Year Plan” and economic conference plans, launching a new round of subsidies covering culture, entertainment, and sports to continuously boost consumer spending. (2) In the financial market, risk appetite has increased. Given the narrowing spread between bond yields and fixed deposit rates, large amounts of savings are flowing into the capital market seeking returns. The fundamentals of the banking and insurance industries have bottomed out, and the credit structure is accelerating its shift from real estate to supporting the real economy. (3) Regarding the issue of “anti-involution,” the PPI remains weak, and capacity reduction has become a focus. Compared to 2015, this round involves more downstream private enterprises and needs to consider employment, presenting greater challenges. While industry consolidation is expected to be lengthy, the impact is controllable and beneficial for long-term healthy development. (4) Regarding new quality productive forces, this will replace real estate and infrastructure as the main investment focus. Digital infrastructure supports AI and embodied intelligence, and humanoid robots are expected to see commercialization in 2026, “iPhone moment.” Leading companies with core technological autonomy in innovative drugs will enjoy higher valuation premiums.

Overall, we are optimistic on Hang Seng Index. We expect the Federal Reserve’s interest rate cuts to drive fund inflows to the Hong Kong and mainland stock markets. Based on an upward revision of the forward PE ratio to 13.5x and 8% earnings growth, we set a target of 30,000 points for the Hang Seng Index by the end of 2026, representing a potential upside of approximately 14%. As confidence recovers, the investment style is expected to shift from defensive to growth stocks. Recommended 12 stocks: XPeng Motors (9868), UBTECH (9880), Tencent Holdings (700), Alibaba (9988), China Hongqiao (1378), AIA Group (1299), Ping An Insurance (2318), China Merchants Bank (3968), Akeso Biopharma (9926), Pop Mart (9992), Tencent Music (1698), and Sino Land (83).

Cusson Leung, Chief Investment Officer at KGI, says: “2026 marks a crucial turning point for the Chinese economy. While the market anticipates GDP growth to slow to 4.6%, “new quality productive forces,” resembling humanoid robots, is taking over as a new growth engine. The most critical signal in the market is the “awakening” of idle cash—massive savings are flowing from low-interest fixed deposits to the capital market seeking returns. With risk appetite returning and policy support intensifying, now is the time to shift investment strategies from “defensive” to “growth.” Driven by both valuation repair and earnings growth, we are optimistic that the Hang Seng Index will reach 30,000 points, and the allocation value of Hong Kong and mainland China stocks has reappeared.”

Taiwan Market
Compared to the dot-com era bull run, which lasted almost five years, the current AI frenzy has been around for about three years, suggesting that the uptrend is still in its middle phase and could extend through 2026.

AI plays are trading at high PEs, such valuations are backed by strong fundamentals. In fact, the PEG ratio of Taiwan’s AI supply chain has yet to surpass 1x. We estimate that aggregate earnings of AI plays will grow by 21% YoY in 2026, following impressive upticks of 35% in 2024 and 43% in 2025. AI stocks now account for more than 60% of TAIEX earnings, and with the ongoing AI arms race, overall TAIEX earnings growth is projected to accelerate from 14% in 2025F to 20% in 2026.

Although the AI frenzy should keep the bull market intact, volatility will rise in tandem due to: (1) substantial cumulative gains, and the fact that valuations are approaching historic highs; (2) policy and political uncertainty surrounding the US midterm elections; and (3) potential changes in the US Fed’s rate-cut pace. We expect the TAIEX to repeat a “smile-curve” pattern, featuring continued strength in 1Q26, followed by healthy corrections in 2Q-3Q26 before closing the year with a renewed upswing.

We think investors need to pay attention to two major themes. The first is a broad-based product spec upgrade trend across the AI supply chain, which will drive the industry into a new growth phase, with beneficiaries including foundries, GPU and ASIC designers, advanced packaging (such as CoWoS), and ODMs, as well as testing interfaces, memory, thermal solutions, CCL, ABF substrates, PCBs, switches, and power component suppliers amid strong AI computing demand and ongoing GPU platform upgrades. The second is diversification and defensive asset allocation. Innovations in consumer electronics, such as foldable iPhones and smart wearables, will provide growth opportunities, while companies with resilient domestic demand and stable high dividend yields offer a balanced strategy combining growth and income. Overall, investors should strike a balance between growth and resilience against volatility in their portfolios, in the face of market fluctuations.

James Chu, Chairman at KGI Securities Investment Advisory, says: “The solid earnings growth driven by AI and still reasonable valuations form a strong foundation for the ongoing bull market in Taiwanese equities. With AI adoption accelerating across enterprises and consumers, demand for computing power is rising rapidly. Yet supply remains constrained by chip and power bottlenecks, meaning hardware suppliers are likely to face continued shortages through 2026. Taiwan’s AI supply chain is set to remain a key beneficiary, particularly those tied to next-generation specification upgrades.”

Singapore Market
In 9M25, the overall performance of Singapore’s economy was better than expected as the global trade tensions eased after the US pivoted on its reciprocal tariffs and reached deals with its major trading partners. The manufacturing, wholesale trade and finance & insurance sectors remained the growth pillars of the Singapore economy, and each sector delivered decent growth. In particular, manufacturing’s growth has been robust, driven by the electronics, transport engineering and biomedical manufacturing clusters. The full year outlook is upbeat, as the growth momentum shall continue till the end of the year.

Looking ahead, the global economic outlook for 2026 suggests slower GDP growth for most of Singapore’s key trading partners, including China and the Eurozone, largely due to the impact of US tariffs, which will temper demand for Southeast Asian exports, though US growth is expected to remain resilient from AI investment. Consequently, Singapore’s outward-oriented sectors, particularly manufacturing and trade-related services, are projected to expand at a slower pace than in 2025, although the electronics and related sectors will benefit from AI demand, while some precision engineering and biomedical output may moderate domestically, the construction sector is set to grow, but consumer-facing sectors are likely to remain subdued. However, the relatively low interest rates and continuous government support shall buffer the impact of the slowdown, and the capital market will still benefit from the upward re-rating catalysts.

Chen Guangzhi, Head of Research at KGI Singapore, says: “Thanks to trade de-escalation and the AI wave, Singapore experienced significant economic expansion in 2025. Proactive government initiatives turbo-charged the equity bull run, and this strong momentum is expected to deliver an optimistic economic outlook for 2026.”
Hashtag: #KGI #MarketOutlook

https://www.kgi.com.hk/en/
https://www.linkedin.com/company/kgi-hongkong/
https://www.facebook.com/KGI.HongKong?mibextid=JRoKGi&rdid=a4NoCGXY72nFghtQ&share_url=https%3A%2F%2Fwww.facebook.com%2Fshare%2F15kKKLreMr%2F%3Fmibextid%3DJRoKGi#
Wechat: KGI 凱基
https://www.instagram.com/kgi.hongkong?igsh=MTI5ems1ZzNlZ3YyMQ==

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

KGI

KGI* has been a leading financial institution in Asia since 1997. Our scope of business encompasses wealth management, brokerage, fixed income, and asset management. We are committed to offering a comprehensive range of financial products and services to corporate, institutional, and individual clients throughout Asia. Backed by KGI Financial Group, we have a robust footprint in Asia, covering Taiwan, Hong Kong, Singapore, Indonesia, and Thailand^.

*KGI refers to KGI Asia Limited and its affiliates.
^an investee enterprise of KGI Securities, not a subsidiary.

Agreement reaffirms Media OutReach Newswire’s role as the leading newswire for Asia Pacific

HONG KONG SAR – Media OutReach Newswire – 12 January 2026 – Asia News Network (ANN) and Media OutReach Newswire have entered a partnership for corporate news releases. The landmark agreement means that Media OutReach Newswire, as the only newswire, provides guaranteed online news postings on the ANN news website.

ANN was formed in 1999 to promote coverage of news from Asia through Asian journalists, bringing Asia closer. This aligns well with Media OutReach Newswire’s goal of bringing the stories of Asian organisations to journalists and audiences across Asia Pacific and globally.

As Asia’s leading news media alliance, ANN consists of 20 leading media titles from Southeast Asia, East Asia and South Asia. The full list of ANN member media can be found in the table below.

The landmark corporate press release partnership means that Media OutReach Newswire significantly enhances the reach and impact of clients’ communications across Asia, making their press releases reach even wider audiences in countries across the region and the globe. It is also testament to the uniquely high level of trust that exists between Media OutReach Newswire and the media. Each of the 20 member media gave Media OutReach their vote of confidence, and each of the media is the leading publication in their respective home country.

Jennifer Kok, Founder & CEO of Media OutReach Newswire, said: “We are very pleased, proud and honoured to have entered this partnership with ANN. Not only is it Asia’s leading news media alliance, but the group’s members are also the leading newspapers of their countries, publications with the highest of reputations. The partnership enables us to significantly increase the reach and impact of our clients, across Asia and the globe, further cementing Media OutReach Newswire as the leading newswire for Asia Pacific.”

Jennifer continued, “The partnership also means that we’re the only newswire that provides guaranteed online news posting on ANN, strengthening our clients’ online visibility – both in terms of SEO and GEO for AI search – leading to higher rankings and citations in AI generated answers.” She concluded, “Furthermore, ANN and Media OutReach share the same ethos and goal, which is to promote the coverage of Asian affairs, bringing the stories of Asian organisations to audiences across Asia and the globe, so the partnership is a perfect fit.”

Media OutReach Newswire is the only newswire that provides guaranteed online news posting exclusively and 100% on real, authentic news media. The guaranteed posting of press releases on authoritative online news media sites such as ANN, with its high credibility and trust, along with hundreds of thousands monthly visitors, provides a powerful tool to boost brand visibility – both GEO for AI Search and SEO for search engines – and it leads to brand citations in the AI generated answers from the leading LLMs.

The landmark partnership with Asia News Network further cements Media OutReach Newswire as the leading global newswire for Asia Pacific. Media OutReach Newswire offers clients the widest press release distribution network in Asia Pacific – along with guaranteed visibility on real news media across Asia Pacific, the wider Asia region and the globe.

Media OutReach Newswire’s total communications solutions help PR professionals achieve success, with targeted distribution, direct journalist access, guaranteed visibility on real news media, ready-to-use reporting, and C-suite ready PR campaign intelligence showing ROI.

Hashtag: #MediaOutReachNewswire #pressrelease

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

About Media OutReach Newswire

Media OutReach Newswire is Asia Pacific’s first global newswire, serving as a trusted partner to the media, and PR professionals at corporations, agencies and governments across the region and the globe.

Founded in 2009 as a champion of the PR industry, Media OutReach Newswire leverages next-generation technology to redefine press release distribution and reporting, with data insights and PR campaign intelligence, providing total communications solutions for PR professionals.

With a global network of 200,000 journalists and editors, 70,000+ media titles, 1,500 media partners, and more than 40 languages, Media OutReach Newswire is the only newswire with guaranteed verbatim postings exclusively on real news sites. Press releases on authentic media are trusted by search engines and AI models, powering both SEO and AI search GEO, surfacing brands for LLM citations.

Headquartered in Hong Kong, with offices across China, Singapore, Japan, Malaysia, Thailand, Vietnam, and Taiwan, the global press release distribution network spans Asia Pacific and Southeast Asia, the US, Canada, South and Latin America, Europe, the Middle East, and Africa.

For more information about our services, solutions and network, please visit www.media-outreach.com

Through Etiqa’s Project Firefly, Etiqa is taking proactive steps to preserve and sustain the ecosystem by planting 130 Sonneratia Caseolaris or locally known as Berembang saplings and 200 Sonneratia Caseolaris seeds, undertaking habitat restoration works, and mobilising 50 Etiqa volunteers for a community-driven initiative along Sungai Panjang, covering a total stretch of 10 kilometres. In addition, an awareness session was conducted by Universiti Kebangsaan Malaysia’s Faculty of Science which aimed to educate participants on the ecological importance of fireflies and the need for long-term conservation.

Fireflies play an important role as indicators of mangrove ecosystem health, which in turn supports environmental balance and benefits surrounding communities. However, across Malaysia, firefly populations are declining due to rapid habitat loss caused by river pollution, deforestation, and increasing light pollution along mangrove-lined rivers. These threats not only endanger native species but also affect the livelihoods of local fishermen and villagers who rely on healthy river ecosystems and firefly-based eco-tourism. Protecting congregating firefly zones through the preservation of adequate vegetation buffers along riverbanks is therefore critical to ensuring the long-term survival of these species and the sustainability of local livelihoods.

Fukhairudin Mohd Yusof, CEO of Etiqa General Insurance Berhad (EGIB) said, “We initiated Etiqa’s Project Firefly as conserving native firefly species is deeply connected to the well-being of the communities that co-exist around them. By conserving firefly habitats, we are not only protecting an irreplaceable part of Malaysia’s biodiversity but also helping sustain the eco-tourism and river-based livelihoods of Sungai Panjang residents. This reflects Etiqa’s purpose in Making the World a Better Place that includes meaningful environmental action which strengthens both nature and society, creating long-term value for future generations.”

Mr. I.S Shanmugaraj, Executive Director of Malaysia Nature Society says, “Fireflies are natural indicators of a healthy mangrove ecosystem, and their presence reflects the overall condition of our rivers and surrounding environments. We commend Etiqa for taking proactive steps through Etiqa’s Project Firefly to address the growing threats of habitat degradation along fireflies corridor. Meaningful conservation requires collective action, and we hope this initiative will inspire more companies to collaborate with environmental organisations and local communities to protect biodiversity while supporting sustainable livelihoods for the long term.”Hashtag: #Etiqamy

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

About Etiqa

Etiqa is a multi-channel distributor of Insurance and Takaful products via its 10,000 agency force, 44 branches and 17 offices, over 490 bancassurance network (via Maybank branches, third-party banks, as well as co-operatives and brokers) through its presence in Malaysia, Singapore, the Philippines, Indonesia and Cambodia.

In striving to make the world a better place, Etiqa’s Sustainability journey focuses on internal initiatives that reduces its carbon footprint and increases its social impact, as well as external solutions that allow its clients to do the same.

Designed for multi-device users, content creators, and tech enthusiasts, the CUKTECH 30 Ultra Charging Station combines ultra-high power output, intelligent visual interaction, and minimalist industrial design to elevate the desktop charging experience.

All-in-One Desktop Power Charging Station

With a maximum total DC output of up to 300W, the CUKTECH 30 Ultra Charging Station can charge up to five devices simultaneously. From high-performance laptops and tablets to smartphones and accessories such as earbuds and smartwatches, most devices can be powered efficiently from a single desktop hub, reducing cable clutter and minimizing reliance on multiple chargers.

Smart Visual Interface

The charging station features a 1.83-inch IPS display with 850 nits peak brightness and a 170° wide viewing angle. The screen displays real-time information including per-port output, total power consumption, and charging protocols, enabling users to easily monitor charging status while enhancing the product’s technological appeal.

Advanced Fast-Charging Technology

Powered by ADC 2.0 Adaptive Fast Charging Technology, the CUKTECH 30 Ultra Charging Station intelligently identifies connected devices and automatically matches optimal voltage and current. It supports multiple mainstream fast-charging standards, including Xiaomi 120W MAX, delivering fast, stable, safe performance across a wide range of devices and brands.

Minimalist Design for Modern Desktops

Staying true to CUKTECH’s design philosophy, the CUKTECH 30 Ultra features a refined, minimalist form that blends seamlessly into modern home and office environments. Beyond functionality, it serves as a premium desk accessory that enhances organization and visual sophistication.

Brand Strength & Global Recognition

As part of the Xiaomi ecosystem, CUKTECH has built strong expertise in GaN technology, CUK circuit architecture, and adaptive fast-charging systems, ensuring industry-leading performance, efficiency, and safety. The brand’s products have received international recognition, including the iF Design Award and Red Dot Award, and are available in markets such as South Korea, Singapore, the United States, and Europe.

Availability

The CUKTECH 30 Ultra Charging Station is now available through the official CUKTECH store on Shopee Vietnam, offering local consumers a next-level desktop charging solution.

https://shopee.vn/buyer/login?fu_tracking_id=60723dd3bc2-dc75-4474-bb46-2c0525462674&next=https%3A%2F%2Fshopee.vn%2F%25E3%2580%2590H%25C3%25A0ng-M%25E1%25BB%259Bi-V%25E1%25BB%2581%25E3%2580%2591CUKTECH-Tr%25E1%25BA%25A1m-S%25E1%25BA%25A1c-GaN-30-Ultra-%25C4%2590a-C%25E1%25BB%2595ng-300W-T%25E1%25BB%2591i-%25C4%2590a-S%25E1%25BA%25A1c-Nhanh-Cho-Laptop-Gaming-%25C4%2590i%25E1%25BB%2587n-Tho%25E1%25BA%25A1i-M%25C3%25A1y-T%25C3%25ADnh-B%25E1%25BA%25A3ng-i.1028217054.53903325705%3FextraParams%3D%257B%2522display_model_id%2522%253A390319389067%257D

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

WHY HOME SECURITY MATTERS FOR SENIORS
Living alone can bring unique challenges for the elderly, from rising concerns around home break-ins, to the growing need for remote support from family members, security plays a vital role in enabling seniors to confidently remain in their own homes.

HOW ARLO SUPPORTS SENIOR SAFETY
Simplicity For Peace Of Mind

• Simple, Wire-Free Setup: No complicated installations – Arlo’s cameras are designed for easy placement indoors or outdoors, perfect for seniors who want hassle-free security.
• Hassle-Free Power Options: From solar panels to wired security options, Arlo offers flexible power solutions, so seniors don’t need to worry about changing batteries.
• Share Access with Family: Multiple family members can be granted access through the Arlo Secure Plus app, making it easier for loved ones to stay connected and support from afar.
• Easy Remote Check-Ins: Arlo’s Secure mobile app lets family members check in on loved ones in real time, viewing live feeds or receiving alerts, offering peace of mind from anywhere.
• Two-Way Communication: Arlo’s cameras are designed with built-in microphones and speakers allowing seniors to speak directly with family or carers.
• Deterrence Features: Built-in sirens and spotlight capabilities can help deter potential intruders before anything happens.

Smart AI For Peace Of Mind

• Smart Alerts: Customisable motion alerts will notify caregivers by sending a notification to their smartphones – helping to facilitate prompt responses to potential dangers.
• Know Who’s At The Door: Arlo’s wire-free video doorbells and cameras let seniors see and speak to anyone at the door without getting up or opening it, offering both convenience and security. Arlo’s cameras can also be personalised to recognise familiar faces. When a known person is detected, their name can appear directly in the notification, ideal for seniors with vision challenges.
• Know Whose Vehicle Is On The Property: Personalised vehicle alerts also provide extra reassurance, helping seniors confirm when a family member has arrived or a known car is in the driveway. Again, ideal for seniors with vision challenges.
• Custom Detection Zones: Set up alerts for things that might be forgotten, such as a side gate left open. Keeping seniors aware without relying on memory alone.
• Fire & Smoke Alarm Detection: For seniors who are still confidently cooking at home, Arlos’ AI-powered notifications alert you when a flame is detected. Whether it’s an unattended stovetop or a forgotten oven, Arlo can instantly alert caregivers or family members, helping prevent accidents before they escalate.
• Advanced Audio Detection: For seniors using an Essential Indoor 2K camera, Arlo’s Advanced Audio Detection capability notifies users when critical sounds such as screams, gunshots, dog barks, glass breaking, or Smoke/CO alarms are detected. Bringing added security to everyday tasks such as cooking & putting glassware away.

As our loved ones age, their safety and well-being becomes even more important. We want to support them with the care they deserve, while respecting their independence. Arlo’s technology adds an extra layer of reassurance without being invasive, making home security smarter and safer for older people living alone. From smart alerts to remote check-ins, Arlo understands independence without compromise.

For more information on the full range of Arlo smart security products and services, visit https://www.arlo.com/asia/.
Hashtag: #Arlo

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

About Arlo Technologies, Inc.

Arlo is an award-winning, industry leader that is transforming the ways in which people can protect everything that matters to them with advanced home, business, and personal security solutions. Arlo’s deep expertise in AI- and CV-powered analytics, cloud services, user experience and product design, and innovative wireless and RF connectivity enables the delivery of a seamless, smart security experience for Arlo users that is easy to set up and interact with every day. Arlo’s cloud-based platform provides users with visibility, insight, and a powerful means to help protect and connect in real-time with the people and things that matter most, from any location with a Wi-Fi or a cellular connection. Arlo has recently launched several categories of award-winning connected devices, software, and services. These include wire-free, smart Wi-Fi and LTE-enabled security cameras, video doorbells, floodlights, security system, and Arlo’s subscription services: Arlo Secure and Arlo Safe.

With a mission to bring users peace of mind, Arlo is as passionate about protecting user privacy as it is about safeguarding homes and families. Arlo is committed to implementing industry standards for data protection designed to keep users’ personal information private and in their control. Arlo provides enhanced controls for user data, supports privacy legislation, keeps user data safely secure, and puts security at the forefront of company culture.

Investment to expand robotics research and development, strengthen production readiness, and advance Primech Holdings’ facilities management operations

SINGAPORE – Media OutReach Newswire – 8 January 2026 – Primech Holdings Ltd. (Nasdaq: PMEC), a technology-driven facilities services and robotics company, today announced a $4.0 million strategic investment from WELLE Environmental Group Co., Ltd. (SZSE: 300190), reinforcing Primech’s acceleration into autonomous robotics, AI-powered cleaning systems, and scaled global facilities operations.

The investment highlights growing market confidence in Primech Holdings’ long-term growth strategy and its expanding role at the intersection of autonomous robotics and technology-enabled facilities services. Leveraging the deep operational expertise of its facilities services subsidiary, Primech A&P Pte. Ltd., alongside its robotics subsidiary, Primech AI Pte. Ltd., the capital will support accelerated robotics development, enhanced production capabilities, and the continued commercialization of Hytron, Primech’s flagship autonomous restroom cleaning robot.

“This investment validates the momentum we are building across autonomous robotics and intelligent facilities operations,” said Ken Ho, Chairman and Chief Executive Officer of Primech Holdings. “Partnering with WELLE strengthens our ability to scale faster, deploy more broadly, and execute on the growing demand for AI-powered automation in real-world environments. We are entering 2026 with a clear strategy, strong execution capabilities, and the capital to accelerate growth across international markets.”

Proceeds from the investment are expected to be deployed to expand robotics research, development, and production capacity, strengthen operational and manufacturing readiness, and support broader deployment of Hytron across commercial environments. The investment will also bolster working capital to support the continued expansion of Primech Holdings’ core facilities management business.

The transaction further deepens the strategic alignment between Primech Holdings and WELLE, building on their previously announced cooperation initiatives in robotics and intelligent operations. By combining Primech’s autonomous robotics platform and facilities expertise with WELLE’s environmental technology footprint and operational scale, the collaboration is positioned to accelerate intelligent automation and sustainable infrastructure solutions across industrial and commercial markets.

Additional details regarding the investment are included in Primech Holdings’ Form 6-K filed with the U.S. Securities and Exchange Commission on January 6, 2026.

Hashtag: #Primech

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

About WELLE Environmental Group Co., Ltd.

WELLE Environmental Group Co., Ltd. (300190.SZ) is a technologically advanced enterprise specializing in energy conservation and environmental protection. With strong core technical capabilities and continuous innovation, WELLE operates across environmental governance and bioenergy sectors, including food waste and kitchen waste resource utilization, high-concentration wastewater treatment, biogas and biomethane development, and biofuel production. With extensive project experience and diversified application scenarios, WELLE is committed to promoting energy efficiency, carbon reduction, and circular resource utilization.

About Primech AI

Primech AI is a leading robotics company dedicated to pushing the boundaries of innovation in technology. With a team of passionate individuals and a commitment to collaboration, Primech AI is poised to revolutionize the robotics industry with groundbreaking solutions that make a meaningful impact on society. For more information, visit www.primech.ai.

About Primech Holdings Limited
Headquartered in Singapore, Primech Holdings Limited (Nasdaq: PMEC) is a leading provider of comprehensive technology-driven facilities services, predominantly serving both public and private sectors throughout Singapore. Primech Holdings offers an extensive range of services tailored to meet the complex demands of its diverse clientele. Services include advanced general facility maintenance services, specialized cleaning solutions such as marble polishing and facade cleaning, meticulous stewarding services, and targeted cleaning services for offices and homes. Known for its commitment to sustainability and cutting-edge technology, Primech Holdings integrates eco-friendly practices and smart technology solutions to enhance operational efficiency and client satisfaction. This strategic approach positions Primech Holdings as a leader in the industry and a proactive contributor to advancing industry standards and practices in Singapore and beyond. For more information, visit www.primechholdings.com.

Forward-Looking Statements
Certain statements in this announcement are forward-looking statements, including, for example, statements about completing the acquisition, anticipated revenues, growth, and expansion. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. These forward-looking statements are also based on assumptions regarding the Company’s present and future business strategies and the environment in which the Company will operate in the future. Investors can find many (but not all) of these statements by the use of words such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “likely to” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure that such expectations will be correct. The Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.

Designed to bring fans closer to the competitive action, the partnership extends MLBB Esports engagement beyond viewership. Through the collectible cards, the title’s passionate fanbase will be able to connect with the M Series, its teams, and its players both during and outside of tournament periods.

According to Esports Charts, MLBB emerged as 2024’s most popular mobile esports title with over 475 million Hours Watched (HW). At the heart of the MLBB Esports circuit stands the M Series, the title’s flagship international tournament. Uniting players and fans from across the world, the M Series has become the main competitive stage for the world’s best MLBB teams and a driver of the game’s global esports ecosystem. In previous editions, the M6 and M5 reached 4.13 million and 5.06 million Peak Concurrent Viewers (PCV) respectively. The tournaments ranked ninth and sixth amongst the most-watched esports events of all time, according to Esports Charts. Backed by millions of viewers and a seven-year legacy of competitive excellence, the M Series has established itself amongst the biggest names in global sports and entertainment.

Just as trading cards have been a cornerstone of fan culture in traditional sports such as the National Basketball Association (NBA), English Premier League (EPL), and the FIFA World Cup—the MLBB Official Trading Card collection brings this longstanding tradition to MLBB Esports. It celebrates the game’s competitive excellence while giving fans a tangible way to connect with the M Series, commemorate iconic moments, and honour the players who define its legacy. Its launch also extends a global, time-honoured collectibles tradition into MLBB Esports, creating a new avenue for the community to engage with the tournament beyond the screen.

Through this partnership, MOONTON Games and 1Play will introduce the M Series’ first official trading card system, which includes:

1. All 22 participating teams and all players competing at the M7
2. A premium lineup of Player Signature Cards, Jersey & Materials Cards, and Match Moments Cards
3. Two flagship product lines for the M7: the Super Series and the Elite Series

Fans will be able to purchase the collections through 1Play’s official platforms and participate in offline retail experiences, pop-up events, card-trading sessions, exclusive onsite drops, and other interactive activities at future M Series editions. By integrating digital touchpoints with offline engagement, the partnership aims to strengthen the presence of MLBB Esports in global mainstream culture through an immersive collectibles experience for fans.

At the same time, as 1Play’s key strategic retail and offline experience partner across Southeast Asia and other core markets, OH!SOME will establish a long-term and stable collaboration framework with 1Play, playing a deep role in the overall planning and ongoing development of offline showcasing, retail infrastructure, and fan engagement experiences for the official M Series esports trading card collection. 1Play and OH!SOME will work closely across product presentation, spatial design, and user experience, jointly defining new standards for esports collectibles within offline consumer and cultural spaces.

With over 180 stores across Asia—including Indonesia, Singapore, Thailand, Hong Kong of China, Malaysia, Vietnam, Cambodia, and the Philippines—OH!SOME has developed into a beloved and widely recognized regional retail brand. Leveraging OH!SOME’s established regional retail network and its strategic presence in major urban consumer hubs, 1Play will collaborate with OH!SOME to advance the rollout of offline experiences. Fans will be able to purchase, showcase, and engage with official 1Play card packs and trading cards at selected OH!SOME locations, achieving an explosive market presence for M Series collectibles across core cities.

Adrian Cher, Global Head of Partnerships, MLBB Esports at MOONTON Games, said: This partnership with 1Play marks a strategic step in how we extend MLBB Esports beyond the screen and into the everyday lives of our fans. As trading cards gain renewed traction among younger audiences, this partnership allows us to connect with the next generation through an avenue that reflects their interests and self-expression. By bringing the M Series into physical collectibles, we’re not only enriching the M7 experience, but also reinforcing MLBB’s place alongside traditional sports ecosystems where memorabilia plays a central role in fan culture. The upcoming collectibles launch reflects our long-term commitment to building MLBB Esports as a global sports and entertainment IP.”

AnJie, Founder & CEO of 1Play, said: “1Play is dedicated to creating collectible items that resonate with young audiences and express cultural identity. Our partnership with MOONTON Games represents a milestone in the development of esports collectibles. We aim to build a defining collectible ecosystem for this era—one that allows every fan to record their passion, celebrate their heroes, and collect the moments that matter.”

The 1Play × M Series Official Trading Card Collection is scheduled to launch during the M7, with its first edition dedicated to the tournament. Additional experiences—including team collaborations, onsite exclusives, signing sessions, and community-driven fan events—will be rolled out to further expand the cultural reach of MLBB esports.

With the M7, the M Series marks its return to Jakarta for the first time since the M4 in 2022. Set for January 2026, the tournament will unite 22 of the world’s best teams to compete for the USD 1,000,000 prize pool. This edition promises to be the largest and most exciting yet as Indonesia—home to MLBB’s most passionate fanbase—hosts the tournament.

For media queries or interview requests, please contact:
Email: [email protected]

Hashtag: #1Play

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

• Tackle rising business costs and trade barriers with a unified digital platform for Free Trade Agreements as well as build stronger economic partnerships.
• Bridge AI adoption gaps by co-funding shared data pools and introducing a regional “Trusted AI” mark to drive innovation and governance.
• Future-proof the workforce with targeted work visas for global experts, job transformation roadmaps, and advanced leadership programmes.

SINGAPORE – Media OutReach Newswire – 7 January 2026 – KPMG in Singapore and the Singapore Institute of Directors (SID) are pleased to announce the release of a joint Budget 2026 Proposal, titled “Prospering in a New Global Landscape”.

By fostering resilient economic linkages, embedding digital trust, and cultivating world-class talent and leadership with cross-domain expertise, Singapore can ensure its businesses and economy remain secure, innovative, and competitive in an uncertain global landscape.

This Proposal outlines strategies to position Singapore as a critical hub for global flows, covering three crucial areas:

• A new global order: Resilience as a pivotal growth strategy
• The Intelligent Age: Smart solutions for an innovative era
• Next-gen talent: Empowering tomorrow’s leaders today

The recommendations in the proposal are also supported by data-driven insights from a survey recently conducted by KPMG and SID. More than 1,000 professionals, managers, executives and technicians (PMETs) and business owners were surveyed on the challenges they face and the kinds of Budget 2026 support they hoped to see. [For more information, please refer to the deck with the full survey results: https://kpmg.com/sg/en/campaigns/kpmg-singapore-budget.html ]

Empowering businesses to leverage Singapore’s trusted role as a global connector

Global commerce is rapidly transforming amid rising protectionism, shifting trade rules, evolving tax regimes, and geopolitical tensions. Singapore’s long-term prosperity in the new global order depends on its ability to lead as a trusted connector and aggregator of the flows of goods, capital, data, and talent.

Singapore must strengthen its economic linkages, build secure and interoperable digital platforms, cultivate a workforce equipped with cross-domain expertise, and equip boards with essential skills to navigate emerging risks and opportunities. Trusted and resilient economic linkages will ensure the seamless movement of goods, services, and investments, while interoperable digital platforms will play a critical facilitation role in enabling cross-verification of information, streamlining compliance, and fostering trust across borders. These efforts are especially important in helping businesses cope with shifting regulations. KPMG and SID’s survey found that 51 percent of respondents identified increased business costs as the main challenge to cross-border expansion, followed by higher tariffs (26 percent) and supply chain difficulties (25 percent). To address these challenges, 43 percent of respondents want stronger economic and trade partnerships to overcome trade barriers.

KPMG and SID recommend:

a) Developing a unified digital platform for Free Trade Agreement (FTA) management (page 7) to help businesses navigate complex procedures and unlock the full benefits of FTAs. This would be seamlessly integrated with government systems, making it more seamless and cost-effective for businesses to comply with FTA requirements. This would enable firms to leverage Singapore’s extensive FTA network to gain footholds in new markets, further enhancing Singapore’s regional and global competitiveness.

b) Increasing access to working capital to accelerate local enterprises’ strategic transformation and implementing industry-specific governance frameworks (page 7). With geopolitical shifts driving a more complex regulatory landscape, increased and dedicated funding would enable businesses to transform for the future while responding effectively to evolving governance standards. Such funding should be complemented by industry-specific governance playbooks to equip boards with essential tools to strengthen agility and resilience.

c) Enhancing Singapore’s government-backed trade platform with blockchain and AI (page 6). The global economy has seen an increase in supply chain disruptions amid geopolitical and trade uncertainties. An enhanced Government-backed trade platform would enable Singapore to further facilitate the flow of trusted payments, making it even easier for businesses to validate transactions and act on smart recommendations to elevate supply chain efficiency. Amid a more fragmented world, the enhanced platform would also reinforce Singapore’s position as a reliable hub for global commerce, by promoting increased supply chain transparency for critical industries like semiconductors, pharmaceuticals, and advanced manufacturing.

d) Introducing progressive carbon taxes to reward decarbonisation and establish performance-based pathways for large emitters (page 9). Singapore’s carbon taxes must evolve to consider unique business needs and companies’ decarbonisation plans. Progressive carbon tax rates post-2030 – based on facility emissions volume, emissions per unit of output, and sectoral abatement potential – could be accompanied by permanent conditional tax rebates for energy-intensive, trade-exposed sectors. These rebates could be based on set criteria such as verified year-on-year reductions in carbon intensity and investments in low-carbon technology. To strengthen these efforts, Singapore could also establish an ASEAN Environmental Data Exchange to facilitate the sharing of standardised and interoperable environmental data between Singapore and its regional trade partners (page 8). The exchange would improve the flows of green trade and green capital, enabling Singapore to be a regional hub for environmental data harmonisation. Organisations like the Singapore Institute of Directors could play a catalytic role by building board-level capability, aligning disclosure expectations and promoting best practices through director education, guidance frameworks and peer learning on a regional scale, helping boards to lead initiatives like progressive carbon taxation.

Fostering an ecosystem of Trusted AI in the Agentic Era

The rise of artificial intelligence (AI) is reshaping global competitiveness, with agentic AI—capable of autonomous decision-making—introducing both transformative opportunities and significant challenges. While agentic AI can drive innovation, optimise operations, and unlock new efficiencies, it also raises critical concerns around accountability, ethical deployment, and governance.

A critical enabler of AI’s potential is data sharing, yet this often proves difficult due to competition, concerns over intellectual property, and a lack of trust between organisations. Businesses—particularly smaller enterprises—also face cost constraints in accessing high-quality data, and many also lack the strategic clarity and workforce competencies to identify where AI can augment their operations.

KPMG and SID’s poll found that 54 percent of respondents cited talent and skills gaps as the top challenge for adopting AI, followed by high costs of technology adoption (52 percent) and a lack of clear AI adoption strategies (48 percent). By addressing these concerns, Singapore will be able to fully leverage the vast potential of AI and data to reinforce its status as a hub across various sectors.

KPMG and SID recommend:

a) Co-funding sector-specific shared data pools in partnership with trade associations and industry stakeholders (page 15). These shared, anonymised data pools would enable businesses to access high-quality datasets without incurring prohibitive costs. Tailored to specific sectors such as logistics and retail, these pools would facilitate benchmarking, model training, and experimentation under a trusted framework that safeguards data privacy and protects intellectual property. Shared data initiatives should be paired with guided AI adoption support to help businesses understand how AI can enhance specific parts of their value chain. For example, targeted support could help logistics firms optimise supply chains or assist retailers in leveraging AI to personalise customer experiences. This dual approach would enable broader AI adoption and accelerate innovation across industries.

b) Enhancing the public-private partnership (PPP) framework to accelerate AI adoption (page 15). As firms navigate high costs and limited guidance around AI adoption, there is an opportunity for the Government to provide greater access to infrastructure to lower barriers for AI experimentation and deployment. The enhanced framework would create positive spillover effects from existing AI initiatives, as government agencies, academia and industry stakeholders collaborate to strategically integrate AI solutions into business strategies. The framework could also promote cross-sector collaboration in key industries, fostering a culture of open innovation in AI. To bolster digital trust, Singapore could also establish a regional “Trusted AI” mark to drive harmonisation and innovation (page 12). Although Singapore’s Model AI Governance Framework provides a strong foundation for responsible AI deployment, there is still a largely untapped opportunity for Singapore to champion an assurance label that shows firms have AI controls aligned with recognised AI governance standards. By pushing regional recognition of this mark, Singapore could accelerate cross-border innovation and trade. The mark would build on initiatives like AI Verify and Project Moonshot, which have helped to promote Trusted AI in Singapore.

c) Supporting hands-on AI governance training for board members and executives (page 13) through a dedicated fund. This would complement existing SkillsFuture programmes which focus primarily on AI awareness, by expanding the emphasis to address strategic and operational gaps at the leadership level – covering ethical deployment, change management and cross-domain applications.

Building globally relevant leaders with cross-domain skills

To fulfil its role as a hub for global flows, Singapore must enable its businesses to navigate a complex web of governance requirements, trade rules, tax policies, and tariffs. While compliance with governance standards will bring higher upfront costs, it also provides a foundation for businesses to lead in innovation and competitiveness. For instance, businesses that embrace sustainability compliance can innovate in areas like green finance, carbon accounting, and environmental data exchange.

Yet, none of this is possible without specialised talent and leadership. Singapore needs professionals and board leaders with expertise in areas such as supply chain management, AI governance, and sustainability strategy. These individuals must be able to connect the dots across domains, such as linking data governance with trade compliance or integrating sustainability goals into business operations. The need for enhanced talent development also emerged from KPMG and SID’s survey findings. Forty-nine percent of respondents want more skills development and upskilling courses. Meanwhile, 42 percent hope for more support for workforce transformation and job redesign, such as higher grants. In addition, 37 percent of respondents want more leadership and management development initiatives, especially in the areas of mentorship and coaching for emerging leaders and advanced leadership programmes.

KPMG and SID recommend:

a) Creating a dedicated work-pass category for “master trainers” and mentors (page 18). The work-pass would encourage international professionals to join local companies, public agencies and training institutions to lead structured upskilling or leadership development programmes. This would accelerate skills transfer, expose workers to global best practices, and build a robust pipeline of talent capable of driving strategic transformation and competitiveness in a rapidly evolving global landscape. Structured leadership development programmes could also include peer-sharing platforms (page 21) aimed at promoting transformation training among C-suite leaders. Backed by the public sector and industry stakeholders, such platforms could foster the exchange of best practices, promote collective learning on key sustainability capabilities and empower leaders to proactively redesign roles and workflows ahead of market shifts.

b) Setting up job transformation roadmaps with co-funded training and certification initiatives (page 19) tied closely to sector-specific needs. As rapid technological developments shape industry demand for skills, job transformation roadmaps would be beneficial in outlining sector-specific disruptions, challenges and opportunities. These roadmaps could be accompanied by industry-recognised certification, and programmes backed by both the public and private sectors. Tailored to sectoral needs, certifications could help to assess whether workers have acquired the necessary skills to perform in transformed roles, especially in fast-evolving sectors where traditional qualifications may no longer suffice.

c) Establishing a $100 million fund to advance social impact reporting (page 9). As Singapore pursues long-term resilience, it must also ensure that economic growth is sustainable and inclusive. The fund could be used to train professionals and board directors in the reporting of social metrics, support academic modules in social sustainability and certify social auditors and advisers. It could also be complemented by broader efforts to enhance environmental, social and governance (ESG) competencies among businesses’ top leadership. Singapore could establish a national registry of certified sustainability committee members (page 20) who can be matched to boards and committees across sectors. This would help to expand access to qualified board resources, especially for local enterprises.

Lee Sze Yeng, Managing Partner, KPMG in Singapore, said:

“Leadership today isn’t just about mastering AI or acquiring specialised skills—it’s about navigating the intersections of cross-border trade, technology, and sustainability. To remain competitive, leaders must move beyond the basics, using AI and data to drive real business outcomes while building governance frameworks that inspire trust. At the same time, they need the courage to take calculated risks and collaborate across ecosystems to unlock new opportunities. Initiatives like co-funding sector-specific shared data pools and guided AI adoption support are critical to overcoming barriers and equipping leaders with the tools to thrive. As disruptions grow increasingly cross-border and cross-domain, Singapore’s ability to cultivate leaders who can turn complexity into opportunity will define its success as a global flows hub.”

Ajay Kumar Sanganeria, Partner, Head of Tax, KPMG in Singapore, said:

“Singapore’s position as a global hub—connecting trade, data, and capital—offers businesses significant opportunities to grow and compete globally. Grants and platforms are vital enablers, but they must be part of a broader solution that simplifies complexities and empowers businesses to focus on innovation.
Future-ready approaches, such as managing governance and compliance in a more consolidated or ‘as-a-service’ mode, can reduce burdens on enterprises. A unified digital platform for Free Trade Agreement (FTA) management, enhanced with blockchain and AI, could streamline compliance and unlock the full benefits of Singapore’s FTA network. Co-funded training programmes and shared governance frameworks can further help businesses pool resources and build capabilities. By combining grants, platforms, and smarter ways of working, Singapore strengthens its role as a trusted global connector and equips businesses to lead with confidence in an evolving world.”

Yeoh Oon Jin, Chair, Singapore Institute of Directors, said:

“Singapore’s future as a global hub for connectivity and commerce will be shaped by how boards of directors evolve to lead with resilience and trust. Budget 2026 is an opportunity to strengthen governance frameworks that embed sustainability, cyber trust and accountability into every organisation’s agenda. By empowering directors to champion innovation, sustainability and digital assurance, organisations can grow with confidence while reinforcing Singapore’s position as a secure and trusted connector for goods, capital, data and talent in an increasingly complex global landscape.”
Hashtag: #KPMG #SID

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

About KPMG in Singapore

KPMG in Singapore is part of a global organization of independent professional services firms providing Audit, Tax and Advisory services. We operate in 142 countries and territories with more than 275,000 partners and employees working in member firms around the world. Each KPMG firm is a legally distinct and separate entity and describes itself as such. KPMG International Limited is a private English company limited by guarantee. KPMG International Limited and its related entities do not provide services to clients.

About SID

The Singapore Institute of Directors (SID) is Singapore’s national association for company directors. Established in 1998, our mission is to transform boards and empower board directors to be champions of good governance. SID works with regulators and partners to serve as the voice for directors and facilitates consultations and feedback sessions on regulatory matters. In advocating for good governance, SID advances thought leadership and benchmarking research and indices on corporate governance and directorship issues.

SID builds competencies and capabilities to enhance boardroom skills of directors for informed decision-making. An accreditation programme serves to set standards for and showcase best practices of good governance. The organisation supports members on their directorship journey with courses, workshops, advanced masterclasses, forum discussions and pit-stops. SID connects and strengthens the ecosystem with initiatives such as mentoring and networking. The Governance for Good Alliance is an initiative by SID to bring together key stakeholders who help advance our vision for every board director to be a champion of good governance.

For more information, visit sid.org.sg