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Boeing has appointed Omar Arekat as vice-president for the Middle East, Gulf and North Africa, a senior leadership move that places a long-serving regional executive at the helm of one of the company’s most strategically important markets. The appointment comes as aircraft demand across the region continues to be shaped by fleet expansion, widebody replacement cycles and sustained defence procurement.

Arekat, who will be based in Dubai, takes charge of Boeing’s commercial and defence engagement across a region where the aerospace group employs more than 700 people and supports over 30 commercial airline customers alongside 12 armed forces. His remit covers government relations, industrial partnerships, customer support and business strategy across markets ranging from the Gulf to North Africa.

The leadership change underscores Boeing’s intention to maintain continuity in a region that has long been central to its widebody sales, particularly for long-haul aircraft. Airlines in the Gulf operate some of the world’s largest fleets of twin-aisle jets, while carriers in North Africa are increasingly modernising fleets to support tourism recovery and regional connectivity. Defence ties, including fighter aircraft, rotorcraft, training systems and sustainment contracts, also form a significant pillar of Boeing’s regional presence.

Arekat is widely regarded within the industry as a seasoned regional hand. Before taking on the vice-presidential role, he held senior commercial positions within Boeing’s Middle East operations, working closely with airline leadership teams, civil aviation authorities and defence ministries. His career has been closely tied to the region’s aviation growth story, particularly the expansion of hub-based carriers and the emergence of maintenance, repair and overhaul ecosystems in the Gulf.

Boeing’s Middle East footprint extends beyond sales offices. The company has invested heavily in training, engineering and supply-chain partnerships, working with local firms on aerostructures, composites and advanced manufacturing. These initiatives are often framed as part of national industrial diversification strategies pursued by several Gulf states, where aerospace has been identified as a priority sector.

The appointment takes place against a complex commercial backdrop for Boeing globally. The manufacturer continues to navigate production stabilisation, regulatory scrutiny and supply-chain constraints, particularly in its narrowbody programmes. While these issues have been most visible in North America, their implications are closely watched by Middle East carriers, many of which have large order backlogs and tightly planned delivery schedules.

Industry analysts note that leadership continuity and strong regional relationships are especially important for Boeing in this market. Gulf airlines tend to place large, long-term orders, often timed around major fleet renewals or network expansion phases. Any disruption to deliveries can have cascading effects on capacity planning, route launches and leasing strategies, making senior-level engagement critical.

Defence remains another key dimension of Boeing’s regional strategy. Several armed forces across the Middle East and North Africa operate Boeing platforms, including fighter aircraft, transport planes, helicopters and surveillance systems. The company’s regional leadership is typically involved in government-to-government frameworks, offset arrangements and long-term sustainment planning, areas that require deep familiarity with local regulatory and security environments.

Arekat’s appointment also reflects a broader trend among global aerospace firms to elevate executives with strong regional expertise rather than rotating leadership from headquarters. This approach is seen as a way to navigate increasingly complex geopolitical, regulatory and industrial landscapes, particularly in regions where aviation policy, defence procurement and industrial strategy are closely intertwined.

Boeing has indicated that the Middle East and North Africa will remain a growth priority over the coming decade, driven by air traffic growth above the global average and continued investment in defence modernisation. The company’s market outlooks have consistently pointed to strong demand for both single-aisle aircraft, supporting intra-regional travel, and widebodies for long-haul connectivity linking the region to Asia, Europe and the Americas.

The accolade marks another major milestone for the reimagined Dusit Thani Bangkok

BANGKOK, THAILAND – Media OutReach Newswire – 22 December 2025 – Cannubi by Umberto Bombana at Dusit International’s reimagined flagship hotel, Dusit Thani Bangkok, has been awarded One Michelin Star in The Michelin Guide Thailand 2026 – the first time an Italian restaurant in Thailand has received the distinction.

Curated by the renowned Chef Umberto Bombana – best known for his Hong Kong flagship, 8½ Otto e Mezzo Bombana, the world’s only three-Michelin-starred Italian restaurant outside Italy – Cannubi by Umberto Bombana reflects the chef’s lifelong dedication to exceptional produce, terroir, and refined Italian cooking.

His philosophy is brought to life in Bangkok by his longtime protégé, Executive Italian Chef Andrea Susto, who works with the finest locally sourced and imported ingredients to craft classically rooted dishes refined with contemporary technique. Seasonal à la carte offerings, tasting menus, a set lunch experience, and a celebrated white truffle menu – honouring Bombana’s reputation as The King of White Truffles – are complemented by a thoughtfully curated wine list of more than 350 labels chosen for their heritage, character, and quality.

Cannubi by Umberto Bombana’s design plays an equal role in shaping the dining experience. Situated on the lobby level of the reimagined Dusit Thani Bangkok, the two-level space looks out over the hotel’s dramatic nine-storey waterfall. Inside, the main dining room is crowned with intricately carved golden teakwood panels preserved and meticulously restored from the original hotel’s Benjarong restaurant. These heritage teak elements, combined with flowing lines and atmospheric lighting, create a warmly intimate setting, complemented by private dining rooms accommodating six and twelve guests.

“To be recognised as the first Italian restaurant in Thailand to receive a Michelin Star is a tremendous honour,” said Chef Umberto Bombana. “Cannubi by Umberto Bombana is a project very close to my heart, created to express the truth and soul of Italian cuisine through integrity, passion, and respect for exceptional ingredients. Seeing this spirit recognised in Bangkok means the world to me. I am incredibly proud of Chef Andrea Susto and our entire team. This accolade also reflects the vision of the new Dusit Thani Bangkok, where craftsmanship and creativity shape every detail.”

Cannubi by Umberto Bombana’s Michelin Star adds to a remarkable year for Dusit Thani Bangkok, which, since reopening in September 2024, has received one Michelin Key and earned its place among the world’s top 100 hotels, ranking #60 on the inaugural extended list of The World’s 50 Best Hotels 2025. The restaurant’s achievement further strengthens the hotel’s emergence as one of the region’s most compelling new dining destinations, with Pavilion, Dusit Gourmet, 1970 Bar, and the dramatic rooftop venue, Spire Rooftop Bar, among the other standout options.

Cannubi by Umberto Bombana is open for lunch and dinner from Tuesday to Sunday. For more information, please visit dusit.com/dusitthani-bangkok.

Hashtag: #DusitHotels

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

About Dusit Thani Bangkok

Part of the landmark Dusit Central Park development, Dusit Thani Bangkok is a reimagined icon that blends timeless Thai elegance with contemporary sophistication. With a prime location overlooking Lumpini Park in the heart of the city, the 257-key property redefines luxury with all park-view accommodations and sets the scene for unforgettable experiences with world-class dining and peerless event venues.

More than just a hotel, Dusit Thani Bangkok brings classic grandeur to life and invites discerning travellers to experience a vibrant blend of modern elegance and timeless charm inspired by the original hotel’s rich heritage and Dusit’s unique brand of gracious Thai hospitality.

For more information, please visit dusit.com/dusitthani-bangkok

About Dusit Hotels and Resorts

Dusit Hotels and Resorts is the hotel arm of Dusit International, one of Thailand’s leading hotel and property development companies. With a heartfelt belief and commitment to introducing Thai-inspired gracious hospitality to the world, Dusit Hotels and Resorts offers guests a uniquely special stay in high-style surroundings and a personalised approach to service. The group’s portfolio of hotels, resorts and luxury villas includes close to 300 properties operating under a total of nine brands (Devarana – Dusit Retreats, Dusit Thani, Dusit Suites, Dusit Collection, Dusit Hotels, dusitD2, Dusit Princess, ASAI Hotels, and Elite Havens) across 18 countries worldwide.

For more information, please visit dusit.com

Seef Properties has signed a lease agreement with UAE-based D’lish Café to open the brand’s first outlet in Bahrain at Al Liwan, adding a new premium food and beverage concept to the mixed-use destination in the Seef District of Manama. The deal underscores continued demand for curated dining experiences within lifestyle-led developments and reflects a broader push by property owners to anchor retail assets with recognisable regional brands.

The café, known for its contemporary menu and design-led spaces, is expected to occupy a prominent location within Al Liwan, a development that blends retail, leisure, dining, and community spaces. Executives involved in the agreement said the move aligns with Al Liwan’s positioning as a social hub rather than a conventional shopping centre, where food-led concepts play a central role in footfall generation and dwell time.

Seef Properties described the agreement as part of a wider strategy to deepen its portfolio of lifestyle tenants that appeal to both residents and visitors. The company has been recalibrating its leasing mix across assets to prioritise experiential retail, particularly dining formats that combine casual accessibility with premium presentation. Al Liwan, which hosts a range of cafés, restaurants, and entertainment offerings, has emerged as a flagship for that approach.

For D’lish Café, the Bahrain opening marks its first international expansion, signalling confidence in the kingdom’s dining market and its ability to support differentiated concepts. The brand has built a following in the UAE by focusing on high-quality ingredients, visually distinctive interiors, and menus designed to cater to breakfast, lunch, and evening socialising. Industry observers note that such all-day dining formats have gained traction across Gulf cities as consumer preferences shift towards flexible, experience-driven venues.

Executives familiar with the project said the Bahrain outlet will mirror the brand’s core identity while incorporating local design cues to resonate with the Al Liwan setting. Fit-out work is expected to proceed in line with Seef Properties’ guidelines for sustainability, accessibility, and integration with surrounding public spaces. While an opening date has not been formally announced, preparations are under way to align the launch with peak seasonal footfall at the destination.

The agreement comes at a time when Bahrain’s retail real estate sector is navigating structural changes driven by evolving consumer behaviour. Traditional mall formats have faced pressure from e-commerce and shifting spending patterns, prompting developers to emphasise food, leisure, and community experiences that cannot be replicated online. Analysts tracking the sector say developments that successfully curate strong dining line-ups are better positioned to maintain occupancy levels and rental stability.

Al Liwan’s tenant mix reflects that strategy, with food and beverage outlets accounting for a significant share of leasable space. The addition of D’lish Café is expected to complement existing concepts by targeting a demographic that values premium yet approachable dining. Seef Properties executives have previously indicated that tenant selection is guided by brand strength, operational track record, and the ability to contribute to a cohesive destination experience rather than standalone retail performance.

For D’lish Café, the Bahrain market offers exposure to a consumer base known for high per-capita spending on dining and a strong café culture. Manama’s Seef District, in particular, attracts a mix of residents, office workers, and visitors, providing a diversified customer base. Market analysts note that UAE-based brands expanding into Bahrain often view the kingdom as a strategic entry point for broader regional growth due to regulatory familiarity and cultural alignment.

The partnership also highlights increasing cross-border collaboration within the Gulf’s retail and hospitality sectors. As regional brands mature, developers are leveraging these names to differentiate projects and reinforce destination branding. At the same time, café and restaurant operators are seeking locations that offer built-in footfall and a lifestyle context aligned with their brand positioning.

DraftKings has entered the fast-growing arena of regulated prediction markets with the launch of a new app offering event-based contracts tied to real-world outcomes, marking a notable expansion beyond its core sports-betting business. The company said its CFTC-approved platform, DraftKings Predictions, is live in 38 states, positioning the sports-wagering giant at the intersection of finance, forecasting and gaming at a time of heightened scrutiny over how Americans bet on non-sporting events.

The move places DraftKings alongside a small but expanding group of firms offering event contracts overseen by the US Commodity Futures Trading Commission, a regulatory route that differs from state-by-state gambling laws governing sports betting. Through DraftKings Predictions, users can take positions on outcomes ranging from economic indicators to political and cultural events, structured as contracts rather than traditional wagers. The company argues the model emphasises price discovery and market participation rather than gambling, a distinction that has been central to regulatory debates.

DraftKings said the new product operates through a CFTC-registered entity and complies with federal commodities law, allowing it to reach customers in states where sports betting remains restricted. The company framed the launch as a response to consumer demand for alternative ways to express views on real-world outcomes, while maintaining that safeguards are in place to limit misuse and ensure transparency. Executives have also pointed to risk-management tools and customer-verification standards similar to those used in its sportsbook operations.

The expansion comes as prediction markets gain renewed attention in the United States. Platforms offering event contracts have existed for years, often used by academics and traders to forecast elections or economic trends, but broader public adoption has accelerated as digital platforms have simplified access. Supporters argue these markets aggregate information efficiently and can produce forecasts that rival traditional polling or expert analysis. Critics counter that they blur the line between informed trading and speculative betting, particularly when contracts reference sensitive political events.

Regulators have taken a cautious but engaged stance. The Commodity Futures Trading Commission has emphasised that event contracts must meet standards designed to prevent market manipulation and protect the public interest. Questions over which types of events are permissible have led to consultations and, in some cases, requests for platforms to pause or modify offerings. DraftKings’ entry suggests confidence that its structure aligns with federal expectations, though the space remains under active review.

For DraftKings, the strategic rationale extends beyond regulatory arbitrage. The company has spent the past decade building a large, data-rich user base through daily fantasy sports and online sportsbooks. Prediction markets offer a way to diversify revenue streams and engage customers outside traditional sports calendars, potentially smoothing seasonal fluctuations. Analysts note that margins and customer behaviour in event-contract trading differ from sports betting, with pricing dynamics closer to financial markets than odds-making.

Competition is intensifying. Smaller, specialist platforms pioneered the sector, while mainstream financial apps have shown interest in integrating event contracts as a form of alternative asset. Kalshi, one of the most prominent CFTC-regulated prediction exchanges, has argued that clear federal oversight provides legitimacy and scalability. The arrival of a household name such as DraftKings is likely to increase public awareness and could accelerate policy discussions about the boundaries of the market.

The launch also raises political and ethical considerations. Event contracts linked to elections or public policy outcomes have drawn criticism from lawmakers who worry about perceptions of profiting from democracy or crises. DraftKings has indicated it will curate offerings carefully and comply with any guidance restricting certain categories. The company has previously faced regulatory challenges in the evolution of daily fantasy sports and sports betting, experience that may inform its approach to navigating this new terrain.

Investors are watching closely. DraftKings’ shares have historically been sensitive to regulatory signals and product expansion news, reflecting the company’s reliance on favourable legal frameworks. Entering prediction markets could bolster its growth narrative, but it also exposes the firm to federal-level policy shifts rather than the patchwork of state decisions that shaped sports betting’s rollout. The cost of compliance, technology build-out and potential legal challenges will influence how quickly the segment contributes to earnings.

Host Arabia has closed its first edition in Riyadh, positioning the Saudi capital as an emerging focal point for the hospitality and foodservice supply chain at a time when the kingdom is accelerating investment in tourism, leisure and urban development. The three-day event brought together hotel operators, restaurant groups, suppliers and policymakers, underlining the scale of demand being created by new resorts, giga-projects and a fast-expanding domestic dining market.

Held at the Riyadh Front Exhibition and Conference Centre, the inaugural edition drew exhibitors and visitors from across the Middle East, Europe and Asia, reflecting Saudi Arabia’s growing pull as a commercial hub for hospitality equipment, food and beverage solutions, technology and design services. Organisers said the turnout exceeded initial expectations, with strong participation from both international brands seeking market entry and local firms aiming to scale alongside national development plans.

The exhibition opened against the backdrop of an ambitious tourism strategy that targets a sharp rise in annual visitors by the end of the decade, supported by large-scale projects such as Diriyah, Qiddiya, NEOM and the Red Sea destination. These developments are reshaping procurement needs for hotels, resorts, serviced apartments and entertainment venues, driving demand for kitchen equipment, sustainable packaging, digital ordering systems and energy-efficient infrastructure. Host Arabia sought to position itself as a platform where these needs could be matched with suppliers and service providers in a single marketplace.

Industry executives attending the event highlighted Riyadh’s transformation into a year-round destination for conferences, sports and entertainment as a key factor behind the exhibition’s timing. International hotel groups are expanding their presence in the capital, while domestic restaurant concepts are scaling rapidly, supported by a young population and rising disposable incomes. This combination has intensified competition and raised standards, placing greater emphasis on quality, efficiency and sustainability across the hospitality value chain.

The programme featured live culinary demonstrations, equipment showcases and panel discussions focused on workforce development, localisation of supply chains and the adoption of smart technologies. Speakers addressed challenges such as staff training, cost pressures and the integration of sustainability targets into daily operations, themes that resonate strongly with operators navigating rapid expansion. Discussions also touched on regulatory alignment and the role of public-private partnerships in supporting sector growth.

Exhibitors ranged from global manufacturers of commercial kitchen equipment and refrigeration systems to regional producers of food ingredients, tableware and interior solutions. Technology providers showcased point-of-sale platforms, inventory management tools and data analytics designed to help operators manage margins and customer experience more effectively. Several participants noted growing interest in solutions that reduce water and energy consumption, reflecting both regulatory expectations and cost considerations in a desert climate.

Government and industry representatives used the gathering to underline the hospitality sector’s contribution to economic diversification and job creation. Training institutions and recruitment firms reported strong engagement from operators seeking to build local talent pipelines, an area seen as critical to sustaining long-term growth. The emphasis on skills development aligned with broader national objectives to increase private-sector employment and reduce reliance on imported labour over time.

Organisers described the Riyadh edition as a strategic step in establishing Host Arabia as an annual fixture, with plans to expand floor space and content in future editions. Feedback from exhibitors pointed to strong deal-making potential, with several reporting on-site negotiations and follow-up meetings scheduled with hotel developers and restaurant groups. The presence of decision-makers from major projects was cited as a key differentiator compared with more mature regional trade shows.

The hotel’s interiors subtly weave elements of Malaysia’s cultural identity into a modern, stylish setting, creating inviting spaces that reflect local character while embracing Novotel’s signature contemporary flair.

The hotel features 304 thoughtfully designed rooms and suites with floor-to-ceiling windows, Smart TVs, Deep Nature amenities, and flexible layouts. Suites include espresso machines, while family room configurations ensure an enjoyable stay for all.

Guests can dine at Food Exchange, offering local favourites, international cuisine, and festive menus. The Gourmet Bar in the lobby serves light bites, crafted drinks, and grab-and-go options, while the Pool Bar offers refreshments beside the open-air infinity pool.

For meetings and events, the hotel presents The Grand Chamber, a pillarless 520 square metre ballroom equipped with three LED screens, accommodating up to 300 guests. Six additional meeting rooms and a VIP waiting room make the hotel an ideal venue for weddings, conferences, and corporate gatherings.

“The opening of Novotel Johor Bahru City Centre reflects our continued commitment to growing Accor’s presence across Asia,” said Garth Simmons, Chief Operating Officer, Premium, Midscale & Economy Division, Accor Asia. “Johor Bahru is a dynamic gateway city, and this hotel embodies the balance of comfort and modernity that Novotel is known for. We are proud to introduce a property that elevates the city’s hospitality offering and supports Malaysia’s wider tourism growth.”

“We are thrilled to open Novotel Johor Bahru City Centre as a vibrant new destination for travellers and the local community,” said Brendan Chong, General Manager. “Our goal is to create meaningful stays where business meets comfort in the heart of Johor Bahru.”

The hotel’s debut beautifully complements the excitement surrounding Visit Malaysia 2026 and Visit Johor 2026, inviting travellers to discover Johor Bahru through the lens of comfort, culture, and contemporary hospitality.

As part of Novotel’s long-term commitment to ocean longevity, the hotel reflects the brand’s belief that human wellbeing and planetary wellbeing go hand in hand. In 2024, Novotel launched a Positive Impact Plan, grounded in UN ocean-related actions, to reduce plastic, water, and carbon impacts; and promote sustainable food choices through plant-forward menus. At Novotel Johor Bahru City Centre, this commitment comes to life with filtered water taps in every room, providing unlimited purified drinking water while eliminating single-use plastic bottles and contributing to healthier oceans.

To celebrate the opening, guests can enjoy an Exclusive Opening Offer starting from MYR 345++ per night , valid for stays from today until 6 March 2026.

Members of ALL Accor, the all-in-one booking platform and award-winning loyalty program can enjoy exclusive benefits and earn reward points during their stay at Novotel Johor Bahru City Centre. Points can be redeemed for future stays, dining, and unique experiences across Accor’s global network. Enrolment is free at all.com.

For more information or to make a reservation, please visit https://all.accor.com/hotel/B585/index.en.shtml or email [email protected].

Hashtag: #Novotel #NovotelHotels #NovotelJBCC #JBStaycation #CityGetaway #JohorAccommodation #BusinessTravel

https://all.accor.com/hotel/B585/index.en.shtml
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https://www.instagram.com/novoteljbcc/

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

About Novotel

Novotel Hotels, Suites & Resorts offers high-quality hotels designed as comforting and energising places where guests can achieve balance in their busy lives, whether they are traveling for work, leisure or a blend of both. The brand’s wide array of hotels, suites and resorts offer a multitude of services, including spacious, modular rooms with natural and intuitive design; relaxed restaurants with nutritious choices; flexible workspaces; attentive and proactive staff; family zones for the youngest guests; multi-purpose lobbies; and accessible fitness centres. Novotel, which has over 600 locations in more than 60 countries is part of Accor, a world leading hospitality group counting over 5,700 properties throughout more than 110 countries, and a participating brand in ALL Accor, a booking platform and loyalty program providing access to a wide variety of rewards, services and experiences.

novotel.com | all.com | group.accor.com

• DAICS^® coin coverage: As of 3^rd December, the top 50 coins by average market capitalization across the past 90 days
• DAICS^® market capitalization coverage: 96.98%*
• The % coverage of market capitalization of the 50th ranked coin: 0.048%**
• Member changes within the Top 50 Coins in DAICS^®: eight coins added and nine coins deleted
• Additions: Zcash (ZEC), World Liberty Financial USD (WUSD), PayPalUSD (PYUSD), Memecore (M), Worldcoin (WLD), Story (IP), Arbitrum (ARB), KuCoin (KCS)
• Deletions: Mantra (OM), GateToken (GT), Official Trump (TRUMP), VeChain (VET), Render (RENDER), First Digital USD (FDUSD), Filecoin (FIL), Cosmos (ATOM), Algorand (ALGO)
• 9 Green Coins labelled: Cronos (CRO), Pi (PI), Internet Computer (ICP), Hedera, Sui (SUI), Toncoin (TON), Arbitrum (ARB), Mantle (MNT), Tron (TRX)

Note:
*Special currency treatment of DAICS^® applies, where any wrapped or second-level cryptocurrency is not considered in the calculation for the market capitalization of DAICS^®
**Based on 3rd December 2025
G: Green Coin

The rankings of additions and deletions for the DAICS^® top 50 cryptocurrencies are listed in Appendix 1. All classification changes, including the ixCrypto Infrastructure Index and ixCrypto Stablecoin index, will take effect on 23^rd January 2026, with market capitalization, rankings, and weightings available at www.ix-index.com.

1. Cryptocurrencies

1.1. Structure and Definitions

Tier 1: Industry Changes
The industry groups remain unchanged, with 5 industries and the respective weightings as follows:

Tier 2: Sector Changes
The number of sectors has increased from 17 to 18. There is one new sector added under the industry group “Tech & Data (140)”:

Identification (14040)
Definition: Cryptocurrencies that facilitate decentralized identity authentication and/or blockchain-based validation of digital intellectual property rights. The classification emphasizes trust, data consent, and privacy as core architectural features while the crypto by itself is not an identity token.

1.2. Reclassification Changes
This review doesn’t have any reclassification of the existing coins. The DAICS® 2H 2025 cryptocurrencies classification is available in Appendix 2.

1.3. Green Coin Label
This review identifies 9 Green Coins, classified based on their energy-per-unit-transaction, which is defined as the amount of energy consumed for a successful single unit transaction of the coin in the blockchain network. The coins selected rank in the top 20 percentile of the least energy-consuming cryptocurrencies out of the 50 DAICS^® constituents. The top 20 percentile’s threshold in this review is ≤ 0.150 Wh. The table below lists these low-energy coins.

Note: G as ‘Green Coin‘ labelling for cryptocurrencies that adhere to the principles of sustainability

2. Asset Backed Tokens (ABT)

2.1. Structure and Definitions

Tier 1: Asset Type Changes
The asset types remain unchanged at 6 as follows:
1) Culture (205),
2) Real Estate (215),
3) Financials (235),
4) Entertainment (255),
5) Natural Resources (265), and
6) Green Economy (275)

Tier 2: Branch Changes
The number of branches has increased from 31 to 32, with a new branch added under Financials (235): Tokenized funds (23540).

2.2. Classification Changes
This review doesn’t have any reclassification of the existing assets.

2.3. Coverage of DAICS^®
A classification summary and definition table of both cryptocurrencies and ABTs are available in Appendices 3 and 4. For further information regarding the methodology of the DAICS^®, please refer to the “IX Digital Asset Industry Classification System”- principle and guiding methodology on the company website https://ix-index.com/daics.html.

For more details on DAICS^® qualification criteria, please email [email protected].

Appendix 1

G: Green Coin

Appendix 2

Note:
G as ‘Green Coin‘ for cryptocurrencies that adhere to the principles of sustainability
NEW for newly added sector

Appendix 3

Note: NEW for newly added sector

Appendix 4

Note: NEW for newly added branch

² United Nations 17 sustainable development goals covering 1) No Poverty 2) Zero Hunger 3) Good Health and Well-Being 4) Quality Education 5) Gender Equality 6) Clean Water and Sanitation 7) Affordable And Clean Energy 8) Decent Work and Economic Growth 9) Industry, Innovation and Infrastructure 10) Reduced inequalities 11) Sustainable Cities and Communities 12) Responsible Consumption and Production 13) Climate Action 14) Life Below Water 15) Life on Land 16) Peace, Justice and Strong Institutions and 17) Partnerships for the Goals https://sdgs.un.org/goals

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

About DAICS®

DAICS^® covers both cryptocurrencies and asset-backed tokens (“ABTs”), to be reviewed semi-annually at the end of June and December. On the cryptocurrency side, it is a three-tier system that groups cryptocurrencies into 5 main industries: 1) Payment, 2) Infrastructure, 3) Financial services, 4) Technology & Data, and 5) Media & Entertainment. These industries are further divided into sectors and sub-sectors to be introduced in the future. Under asset-backed tokens, there are 6 asset types: 1) Culture, 2) Real Estate, 3) Financials, 4) Entertainment, 5) Natural Resources, 6) Green Economy. These asset types are further divided into branches and sub-branches to be introduced in the future.

About the IX Asia Tokenization Advisory Committee and Working Group

The establishment of the IX Asia Tokenization Advisory Committee (“Advisory Committee”) is to pursue the goal and vision of formulating a standard for a global tokenization framework in a compliant and transparent way. The key role of the Advisory Committee is to formulate the guidelines and references for tokenization in terms of infrastructure, business, financial stability, sustainability, internal control, and classification. The Advisory Committee is comprised of industry-recognised leaders from blockchain consultancy, sustainable projects, and the field of the Art industry.

The establishment of the Working Group is to identify, evaluate and recommend key directions and founding principles according to their specific industry knowledge and expertise in relating to the creation of the specified token. It will examine and propose improvements to the guidelines and references for tokenization. The working group is formed of a diverse group of market experts representing relevant sectors and markets, to provide input and discuss case studies for creation of tokenization framework, best practices and development of real-world projects.

For more information about IX Asia Tokenization Advisory Committee & Working Group, please visit https://ix-index.com/tokenization-committee.html.

Hang Lung’s Vision for Academic Excellence Drives Hong Kong’s Global Competitiveness

HONG KONG SAR & SHANGHAI, CHINA – Media OutReach Newswire – 17 December 2025 – The winners of the 2025 Hang Lung Mathematics Awards (“HLMA”), co-organized by Hang Lung Properties Limited (SEHK Stock Code: 00101) (“Hang Lung” or the “Company”) and the Hong Kong University of Science and Technology (“HKUST”), have been announced. Siu Man Li from the Hong Kong Chinese Women’s Club College received the Gold Award for his research report titled “Markov Chains Associated with Ultraspherical Polynomials: An Analysis of Weak Convergence and First Passage Time Functionals”.

The Silver Award and the Bronze Award were won by Augus Kui Lam Huang, Inna Belle Lee, Chun Lam Lo, Lok Hei Qiao, and Cheuk Lok Wong from St. Paul’s Co-educational College, and Edison Sze Ho Fu, Yun Tung Ko, Hoi Chun Puk, and Wai Kwan Yeung from Queen’s College, respectively. All winning teams demonstrated exceptional problem-solving abilities, creativity, and academic rigor evident in their work on challenging mathematical topics.

The awards were presented at tonight’s ceremony, celebrating the remarkable achievements of the student finalists and reaffirming HLMA’s sustained contribution to advancing STEM education in Hong Kong. In her opening remarks, Dr. Choi Yuk-lin, JP, Secretary for Education of the Hong Kong Special Administrative Region, said, “The Hang Lung Mathematics Awards not only honours mathematical endeavours, but also reflects its enduring commitment to inspiring a continued passion for mathematics among our students and nurturing Hong Kong’s young talents. This aligns well with the promotion of self-directed learning, problem solving and creativity in Hong Kong’s school education. I hope all of us in the society can join hands in the promotion of digital education and mathematical modelling for the benefit of our students.”

Mr. Adriel Chan, Chair of Hang Lung Properties, also addressed the audience, stating, “As we celebrate the winners of the Hang Lung Mathematics Awards, we are reminded that talent development is a long-term investment. HLMA embodies our commitment to nurturing the next generation of thinkers and leaders who will navigate an increasingly complex world. We are heartened by the strong support from students, schools, and the academic community, which reinforces our shared mission to advance mathematics education and push the boundaries of excellence. Together, we are empowering young minds to pursue their passion and unlock their potential in mathematics, science, and technology.”

Professor Nancy Ip, President of HKUST, said, “HKUST is pleased to continue our partnership with Hang Lung in this biennial competition. Hang Lung Mathematics Awards is more than an academic contest; it is a platform that challenges students to push the boundaries of their knowledge and apply rigorous methodology to original research. By cultivating a community of aspiring mathematicians and providing them with access to world-class training, we are advancing our shared vision of transforming Hong Kong into a global hub for innovation and technology.”

During the ceremony, a lively Panel Discussion was held on the theme of “Ubiquity of Mathematics: the Language of Discovery.” The discussion featured Professor Richard Schoen, 2017 Wolf Prize Laureate in Mathematics and Chair of the 2025 HLMA Scientific Committee, and Professor Ngaiming Mok, 2022 Future Science Prize Laureate, Chair of the HLMA Steering Committee and member of the Scientific Committee. Moderated by Ms. Jennifer Zhu Scott, Co-founder and Chief Executive Officer of Power Dynamics, the distinguished speakers shared their insights on the evolving landscape of mathematics education and the essential skills required for the next generation to thrive in a technology-driven era.

The 2025 Hang Lung Mathematics Awards attracted the participation of close to 100 teams from over 50 secondary schools in Hong Kong. Under the guidance of a supervising teacher, each team decided on a mathematics topic, designed and conducted research, and compiled their findings into a research report. This impactful initiative is pivotal in the cultivation of future mathematical and scientific minds.

Appendix

Founded in 2004, the Hang Lung Mathematics Awards is a biennial competition that inspires secondary school students to formulate their own research journey and realize their creative potential in mathematics. Throughout its illustrious history, 2,800 students from over 200 schools have participated, submitting more than 500 research reports. Hang Lung donates HK$2.5 million for each competition—HK$1 million is allocated as prize money with the remainder supporting HKUST in providing vital initiatives including academic consultation, assessment, administration, and educational outreach activities. HKUST also offers scholarships for teachers nominated by the winning schools to further their studies through the Master of Science Program in Mathematics for Educators.

Over the past two decades, the HLMA has made a profound impact on cultivating young mathematical talent, with many past winners having gone on to graduate from top universities worldwide and now contributing significantly to society through work in academia and professional fields. HLMA plays an important role in recognizing and fostering a lasting love of mathematical inquiry that extends far beyond secondary school.

This year, the Hang Lung Mathematics Awards drew participation from nearly 100 teams across over 50 secondary schools in Hong Kong. A total of 15 teams were shortlisted for the Oral Defense stage, where a Scientific Committee comprising internationally renowned scholars and educators evaluated the research reports through a rigorous, multi-step review process. The teams were invited to present and defend their findings before the Scientific Committee in a formal setting, an experience that closely resembles the oral defense process required for a postgraduate degree.

For a detailed list of winners of the 2025 Hang Lung Mathematics Awards, please refer to the attachment.

Attachment

List of Winners of the 2025 Hang Lung Mathematics Awards

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About Hang Lung Properties

Hang Lung Properties Limited (SEHK stock code: 00101) creates compelling spaces that enrich lives. Headquartered in Hong Kong, Hang Lung Properties develops and manages a diversified portfolio of world-class properties in Hong Kong and the nine Mainland cities of Shanghai, Shenyang, Jinan, Wuxi, Tianjin, Dalian, Kunming, Wuhan and Hangzhou. With its luxury positioning under the “66” brand, the company’s Mainland portfolio has established its leading position as the “Pulse of the City”. Hang Lung Properties is also recognized for leading the way in enhancing sustainability initiatives in the real estate industry, all the while pursuing sustainable growth by connecting customers and communities.

At Hang Lung Properties – We Do It Well.

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About The Hong Kong University of Science and Technology

The Hong Kong University of Science and Technology (HKUST) (https://hkust.edu.hk/) is a world-class university known for its innovative education, research excellence, and impactful knowledge transfer. With a holistic and interdisciplinary pedagogy approach, HKUST was ranked 6th in the QS Asia University Rankings 2026, 3rd in the Times Higher Education’s Young University Rankings 2024, and 19th globally and 1st in Hong Kong in the Times Higher Education’s Impact Rankings 2025. Thirteen HKUST subjects were ranked among the world’s top 50 in the QS World University Rankings by Subject 2025, with “Data Science and Artificial Intelligence” coming in 17th worldwide and first in Hong Kong. Our graduates are highly competitive, consistently ranking among the world’s top 30 most sought-after employees. In terms of research and entrepreneurship, over 80% of our work was rated “internationally excellent” or “world leading” in the Research Assessment Exercise 2020 of the Hong Kong’s University Grants Committee. As of July 2025, HKUST members have founded over 1,900 active start-ups, including 10 Unicorns and 17 exits (IPO or M&A).

Apple is evaluating the assembly and packaging of iPhone chips in India as part of a broader effort to rebalance its global supply chain, with CG Semi emerging as a potential partner, according to people familiar with the matter and public disclosures by companies involved in India’s semiconductor push. The move would mark a deeper localisation step beyond final device assembly and signal confidence in India’s ability to host advanced backend semiconductor operations.

The discussions centre on outsourced semiconductor assembly and test, a critical stage that follows wafer fabrication and precedes integration into devices. Apple’s A-series and M-series chips are designed in California and fabricated by Taiwan Semiconductor Manufacturing Company. Packaging and testing have largely been concentrated in East Asia, with China playing a central role through specialised facilities. Shifting part of this work to India would reduce geographic concentration risk while aligning with policy incentives offered by New Delhi to attract high-value electronics manufacturing.

CG Semi, the semiconductor arm of CG Power and Industrial Solutions, has been positioning itself as a contender in this space through a joint venture with Japan’s Renesas Electronics and Thailand’s Stars Microelectronics. The consortium has outlined plans for an OSAT facility in Gujarat, supported by central and state incentives under the Semiconductor Mission. While timelines and customer commitments have not been formally disclosed, the venture has been presented by partners as targeting advanced packaging for automotive and consumer electronics chips, an overlap that fits Apple’s requirements.

People tracking the talks caution that Apple’s evaluation remains exploratory. The company typically subjects suppliers to multi-year qualification processes covering yield, reliability, intellectual-property safeguards and environmental standards. Any decision would depend on CG Semi’s ability to meet Apple’s exacting specifications at scale and to integrate with the existing manufacturing ecosystem that includes contract assemblers such as Foxconn and Tata Group entities already producing iPhones in India.

India’s pitch rests on a combination of incentives and momentum. Production-linked incentive schemes have helped lift smartphone assembly volumes, with Apple accounting for a growing share of exports. The government has since widened support to semiconductors, offering capital subsidies, infrastructure backing and fast-tracked approvals. Backend operations are viewed as a pragmatic entry point, requiring lower capital expenditure and shorter build times than wafer fabs, while still delivering skilled jobs and technology transfer.

Industry analysts say Apple’s interest reflects a global trend among chip designers to diversify OSAT footprints amid geopolitical tensions and supply disruptions. Packaging has become more complex as chips move to advanced nodes and heterogeneous integration, raising the strategic value of reliable partners. “Advanced packaging is no longer a commodity step; it’s a differentiator,” said one semiconductor consultant who advises multinational clients on Asia manufacturing strategies. “Design houses want redundancy without sacrificing quality.”

For CG Semi, an Apple engagement would be transformative. CG Power, part of the Murugappa Group, has roots in electrical equipment rather than semiconductors. Its partnership with Renesas brings process know-how and credibility, while Stars Microelectronics contributes OSAT experience from Thailand. Securing a marquee customer would accelerate learning curves and help anchor a local supplier network for substrates, testing equipment and specialised chemicals.

There are constraints. India’s semiconductor ecosystem remains nascent, with gaps in materials, talent depth and logistics that could challenge tight production schedules. Power reliability, water availability and customs efficiency are under scrutiny by global manufacturers. Apple has previously paused or redirected supplier plans when execution risks appeared elevated, underscoring the need for consistent policy implementation at the state level.

Apple has not commented publicly on specific supplier discussions. CG Power has also refrained from naming potential customers, reiterating in filings that its semiconductor venture is at a development stage. Officials involved in the Semiconductor Mission have said backend projects are progressing and that customer announcements will follow commissioning milestones.