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India’s Securities and Exchange Board has given arbitrage mutual funds greater flexibility to manage hedged equity positions around the new closing auction, a step aimed at increasing institutional liquidity in the end-of-day price-setting mechanism.

The regulatory relaxation allows fund managers more room to adjust the cash and futures legs of arbitrage trades while participating in the Closing Auction Session, people familiar with the change said. The move is intended to encourage funds that collectively manage a large pool of equity-linked assets to place orders in the auction rather than largely completing transactions beforehand.

The change addresses a central weakness that has emerged since the auction system was introduced on August 3 for shares with futures and options contracts. Trading during the closing window has at times been thin, leaving prices vulnerable to sharp moves when large buy or sell orders enter a relatively shallow order book.

Arbitrage funds are viewed as a potentially important source of balancing liquidity because they hold shares in the cash market while maintaining offsetting short positions in futures. That structure can enable them to sell stock when the closing auction is dominated by buyers, or buy when supply is heavy, without necessarily taking a directional market view.

SEBI has not issued a public circular detailing the latest operational flexibility. Existing mutual-fund rules require arbitrage schemes to maintain at least 65% of assets in equity and equity-related instruments, while their strategy is built around offsetting positions designed to capture differences between cash and derivatives prices.

The regulator’s intervention comes as it separately reviews the mechanics of the Closing Auction Session after volatile expiry-day moves raised concerns over price discovery and derivatives settlement. A consultation paper issued on September 12 proposed changes to the way settlement prices are determined when futures and options expire.

One option under consideration would blend the volume-weighted average price from the final 30 minutes of continuous trading with prices established in the closing auction. Another would temporarily retain the earlier 30-minute volume-weighted average methodology for derivatives settlement while the auction develops deeper liquidity.

SEBI has also proposed restrictions on order cancellations outside a specified range around the reference price, a shorter post-auction derivatives trading window and changes to the publication of indicative index closing levels during the auction. Public comments on those proposals are open until October 3.

The Closing Auction Session replaced the previous method of setting closing prices for eligible stocks through the volume-weighted average of trades during the last 30 minutes of normal trading. Under the new framework, eligible cash-market stocks move into an auction process late in the session, while equity derivatives continue trading until 3.40 pm.

The auction is intended to concentrate end-of-day orders and produce a closing price based on the level at which the greatest quantity of shares can be matched. Similar mechanisms are used in several major global markets, particularly for large institutional orders and benchmark-tracking flows.

Early trading under the system, however, produced unusually wide gaps between cash-market closing prices and futures values on some days. Those differences caused sharp one-day movements in the net asset values of arbitrage funds because the cash and derivatives legs of their portfolios were marked using prices generated under different trading conditions.

Fund managers and market participants have argued that broader institutional participation is essential if the auction is to deliver stable price discovery. Arbitrage funds, with assets of roughly ₹3.5 trillion according to industry estimates, represent one of the largest pools capable of supplying two-way liquidity without relying on outright directional bets.

The mutual-fund industry has also examined changes to futures valuation that would better align derivatives prices with the auction-determined cash close. One proposal would derive a theoretical futures closing value from the final cash-market price and the prevailing cash-futures spread, reducing temporary valuation mismatches in arbitrage portfolios.

Monaco is poised to leave the Financial Action Task Force’s grey list next month after completing an on-site review of reforms aimed at strengthening controls against money laundering and terrorist financing, with Bulgaria and Côte d’Ivoire also moving towards removal. The Paris-based watchdog is expected to consider the three jurisdictions at its plenary meeting from October 26 to 30, after determining in June that each had substantially […]

SOCAR plans to take a final investment decision by the end of 2026 on a petrochemical expansion in Türkiye valued at up to $7 billion, placing higher-value manufacturing at the centre of Azerbaijan’s effort to broaden its energy economy beyond crude oil and gas sales. The State Oil Company of the Republic of Azerbaijan is assessing new production units and upgrades to existing facilities at Petkim, its […]

  • Launched in H1 2026, Heavy Weight Express service saw a 16% increase in Weight per Day growth for the region (excluding China)
  • High-value, technology-related cargo, engineering & manufacturing, and automotive are the biggest drivers, making up two-thirds of the total weight of heavyweight segment

SINGAPORE – Media OutReach Newswire – 16 September 2026 – Following DHL Express’s introduction of Heavy Weight Express (HWX) this year, DHL Express recorded a 16% growth in its Time Definite International Weight per Day in Asia Pacific (excluding China) between January and July2026. This reflects how DHL’s Smart Industrial Growth Strategy is yielding positive outcomes as businesses are moving heavier, critical components, machinery, and industrial equipment across borders.

DHL Express heavy weight cargo
DHL Express heavy weight cargo

The heavyweight market has been gaining traction in recent years. Industry research shows that an estimated 10.2 million tons of heavyweight shipments¹ are being moved in Asia Pacific (excluding China) each year. Many companies have spent years reducing inventory and improving efficiency across their supply chains. However, companies today operate in a far less predictable environment marked by trade disruptions, manufacturing bottlenecks, and fluctuating demand. The rise in heavyweight shipment volumes mirrors a shift in how businesses are managing supply chain risks, as they increasingly turn to express logistics not only to handle sudden shifts in demand but also to have greater agility, certainty and control over timelines.

“Behind the numbers is a simple reality: Businesses are shipping heavy when timing matters and when it’s critical,” said Ken Lee, CEO for Asia Pacific, DHL Express. “As companies continue to navigate a complex landscape where uncertainty has become the norm, speed and reliability have also become part of the business decision. Customers are making deliberate decisions on what they ship through our network. Our Heavy Weight Express solution helps companies avoid downtime, protect working capital and keep operations moving when supply chains don’t go exactly as planned.”

Technology, Engineering & Manufacturing, and Automotive top Asia Pacific’s heavyweight contributors

Across the region, high-value, technology-related cargo, such as computer chips and semiconductors, accounts for the largest share of DHL Express’s heavyweight segment at over 34%, driven by rapid investment in data centers to support the growing demandfor computing capacity, data storage, cloud services, as well as artificial intelligence. This has fueled demand for technology-related shipments, from semiconductors and servers to cooling systems and electrical infrastructure. However, a data center crunch is creating supply chain bottlenecks as demand for semiconductor manufacturing outpaces infrastructure supply. As a result, express logistics services are urgently activated to move critical components quickly and efficiently, helping to keep projects on schedule.

The other main contributors to the heavyweight segment are businesses in engineering & manufacturing as well as the automotive industry.

Automotive is the fastest growing sector

HWX service is also gaining strong momentum in the automotive sector, with its shipment weight increasing at a rate of nearly 20%. As the leading export region for this sector, Asia Pacific is also seeing a surge in Asian automotive brands, particularly Electric Vehicle (EV) manufacturers from China and Southeast Asia. As these brands expand into new markets, they are also moving vehicle parts sourced from different suppliers and manufacturers across borders. This has created the appetite for expedited shipments to keep production running. In this sector, a single late or failed shipment could instantly cost automotive manufacturers millions of dollars.

Asia affirms role as a vital trading hub

In Asia Pacific (excluding China), the fastest growth in heavyweight shipments for the first seven months of the year came from India, the Philippines, Vietnam, Japan and Hong Kong. These markets reflect two of the region’s strongest trade corridors – Southeast Asia’s firm role as a manufacturing and sourcing base, and North Asia’s strategic position as a hub for high-value technology, industrial and automotive supply chains. Additionally, India, the Philippines, and Vietnam are also recognized as key markets of the geographic tailwinds initiative.

“As companies continue to manufacture out of Asia, balancing project timelines and building more resilient and agile supply chains become a priority. To maintain production continuity and ensure certainty, they are consolidating goods into heavier shipments. These non-negotiable conditions are also “urgency drivers” that put us at an advantage to help deliver our customers’ shipments at a definite time,” said Ken Lee, CEO for Asia Pacific, DHL Express.

In recent years, DHL Express has added several new infrastructures across the region, including an expanded global hub in Hong Kong, facilities near Cebu and Manila airports, gateway at Christchurch airport, Hanoi gateway near Noi Bai airport, as well as Delhi gateway, culminating in approximately 1,000 facilities in the Asia Pacific region. This is further supported by a robust aviation network of around 810 flights per day.

¹McKinsey/IHS Markit (2024)
Hashtag: #DHLExpress #GlobalTrade #HeavyWeightExpress

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

DHL – The logistics company for the world

DHL is the leading global brand in the logistics industry. Our DHL divisions offer an unrivaled portfolio of logistics services ranging from national and international parcel delivery, e-commerce shipping and fulfillment solutions, international express, road, air and ocean transport to industrial supply chain management. With approximately 389,000 employees in more than 220 countries and territories worldwide, DHL connects people and businesses securely and reliably, enabling global sustainable trade flows. With specialized solutions for growth markets and industries including technology, life sciences and healthcare, engineering, manufacturing & energy, auto-mobility and retail, DHL is decisively positioned as “The logistics company for the world”.

DHL is part of DHL Group. The Group generated revenues of approximately 82.9 billion euros in 2025. With sustainable business practices and a commitment to society and the environment, the Group makes a positive contribution to the world. DHL Group aims to achieve net-zero emissions logistics by 2050.

By TN Ashok The 18th BRICS Summit, held at Bharat Mandapam in New Delhi on September 12–13, 2026, was never going to escape Washington’s shadow — and it didn’t. Even as Prime Minister Narendra Modi steered eleven member states toward a unanimously adopted New Delhi Declaration that pointedly avoided naming the United States, President Donald […]

The article India steers 18th BRICS summit deftly, keeps anti-West rhetoric at bay appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

Arabian Post Staff -Dubai Saudi Arabia has identified about 114 million tonnes of mineralised ore containing rare earth elements and promising uranium concentrations at the Jabal Sayid project in Madinah, Energy Minister Prince Abdulaziz bin Salman has announced. Prince Abdulaziz disclosed the estimate on Monday during the 70th General Conference of the International Atomic Energy Agency in Vienna, placing the find at the centre of Riyadh’s drive […]

Arabian Post Staff -Dubai Saudi building materials procurement platform BRKZ has raised $31 million in fresh capital, with Aramco-backed Wa’ed Ventures co-leading a $13 million Series B equity round alongside 500 Global. The financing also includes an $18 million growth-debt commitment from Stride Ventures, part of a previously announced $30 million venture-debt facility. BECO Capital and ANB Seed Fund participated in the equity round, BRKZ said on […]

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Cybersecurity stocks jumped on Wall Street on Monday as warnings over the pace and control of increasingly autonomous artificial intelligence systems drove investors away from semiconductor shares and towards companies expected to benefit from heavier spending on digital defence. CrowdStrike closed about 13.9% higher and Palo Alto Networks gained roughly 13.1%, placing both among the strongest performers in the S&P 500. Intraday gains approached 15% for CrowdStrike […]

By R Suryamurthy The 2026 New Delhi Declaration arrives at a revealing moment for BRICS: two decades after the grouping emerged as a shorthand for the rising economic weight of the Global South, it is no longer merely demanding a larger seat at the table of global governance, but is beginning to construct the institutional […]

The article BRICS is not building a new order, but a hedge against the old one appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

President Donald Trump has urged Ukrainian President Volodymyr Zelenskyy to stop attacking Russian oil refineries, arguing that the strikes are worsening a global diesel shortage as fuel prices climb sharply in the United States. Trump said on Sunday that he had already spoken directly with Zelenskyy about the issue and wanted Ukraine to select other targets inside Russia. Speaking during a visit to Ireland, he said Ukrainian […]

Binance has set out a compliance and user-protection drive in West Africa as regulators in the region move to bring cryptocurrency trading, custody and related services under oversight. Its approach combines identity checks, transaction monitoring, sanctions screening, fraud prevention, asset-security controls and co-operation with law-enforcement agencies. Binance also says it now has more than 1,500 people in compliance-related roles globally, spending about $300 million a year on […]

Abu Dhabi’s International Holding Company is moving to acquire an 80 per cent stake in Marlan Holding, giving the investment group a controlling position in the company behind UAE-based Marlan Space. The proposed transaction is being carried out through IHC’s wholly owned subsidiary International Tech Group SP LLC and remains subject to regulatory approvals and customary closing conditions, the company said. Financial terms were not disclosed. Marlan […]

Metaplanet has cut the potential share pool attached to its Series 10 stock acquisition rights by 41.1%, reducing possible issuance to 188.19 million shares after shareholders challenged the dilution created by the executive compensation structure. The Tokyo-listed bitcoin treasury company said on September 11 that it would lower the number of shares underlying each Series 10 right from 696 to 410. The change reduces the aggregate potential […]

China’s National Data Administration plans to accelerate standards for embodied artificial intelligence and direct local authorities on implementation, targeting one of the biggest bottlenecks in the fast-growing robotics sector: access to high-quality, diverse and large-scale training data.

The regulator said the work will focus on creating clearer rules for datasets used by embodied AI systems, which combine artificial intelligence with physical machines such as humanoid robots. The effort is intended to support more consistent data collection, processing, evaluation and use as companies race to improve machines that must perceive, reason and act in real-world environments.

China has already moved to build a broader standards framework around the sector. National standards published on August 27 cover the quality of real-world embodied-intelligence data and technical requirements for data-generation platforms, while several additional specifications remain under development.

Among projects overseen by the National Data Administration are proposed standards covering the sources and constituent elements of high-quality embodied-intelligence datasets, simulated synthetic-data generation and processing, and specifications for data collection and model training at training bases. The projects are being developed under the National Data Standardisation Technical Committee.

One draft programme, registered in April, sets a 12-month timetable for a standard on data collection and model training at embodied-intelligence training bases. Its drafting group includes the China Electronics Standardization Institute, Beijing Institute of Technology, the Institute of Software at the Chinese Academy of Sciences and robotics companies.

A separate draft addresses synthetic data, which is becoming increasingly important because collecting enough physical-world robot interactions can be expensive, slow and difficult to reproduce. China’s policy framework encourages the use of simulation and synthetic techniques to expand supply where genuine operating data are scarce or costly to obtain.

The National Data Administration has made high-quality datasets a central part of its wider artificial-intelligence strategy. An implementation plan issued in June called for faster construction of datasets in strategic and emerging fields including embodied intelligence, intelligent driving and the low-altitude economy. It also called for data covering physical interaction, environmental perception and motion control in key scenarios.

The plan directs authorities and industry participants to improve data cleaning, enhancement, labelling, alignment and quality inspection, while developing national standards covering formats, categories, annotation and quality assessment. The regulator said such work should produce datasets that are structurally complete, diverse, accurately labelled and suitable for model development.

China’s push reflects the distinct data demands of robots operating in the physical world. Unlike text-based systems trained largely on digital information, embodied AI requires large volumes of multimodal material that can include video, images, sensor readings, point clouds, movement trajectories and feedback from physical interaction.

Data supply has therefore emerged as a competitive constraint for developers seeking to train machines to perform long sequences of actions reliably across changing environments. The National Data Development Research Institute has said embodied intelligence and world models are driving sharply higher demand for three-dimensional, video and other multimodal data, while also raising requirements for collection and annotation quality.

The government has also been expanding the underlying pool of AI-ready datasets. At a national data industry event in Guiyang in August, the National Data Administration said more than 126,000 high-quality datasets had been built across China, with a combined volume exceeding 1,815 petabytes.

Officials described a system combining a national dataset management platform, an open-source community and a data-labelling network with sector-specific pilot programmes. The framework includes 106 leading organisations and 140 pilot tasks, with regional authorities encouraged to develop projects suited to local industrial strengths.

Embodied intelligence has featured in those pilots alongside other emerging fields. The administration has promoted cooperation among robotics companies, universities, research institutes and public bodies to increase the quantity and usefulness of machine-training data while testing standards before wider application.

Ripple is targeting corporate treasury flows as a major growth avenue for its RLUSD stablecoin, with executive Jack McDonald pointing to customers of its treasury platform that process about $13 trillion in payments annually. McDonald, Ripple’s senior vice-president of stablecoins, said the company sees an opportunity to place RLUSD more deeply into the day-to-day movement of corporate cash, including cross-border transfers, transactions between subsidiaries and domestic payments. […]

By R Suryamurthy The latest BRICS financial agenda is ambitious enough to suggest that the grouping is no longer content merely to complain about the inequities of the global economic order; it wants to build pieces of an alternative. But ambition, particularly in a grouping as diverse as BRICS, is cheap. The harder question is […]

The article Brics has a financial roadmap: The hard part is making it work appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

The Pan-African Payment and Settlement System is shifting from network-building to large-scale adoption, targeting faster transaction growth as its reach extends across more than 30 African countries. PAPSS chief executive Mike Ogbalu III said the system’s next strategic phase, beginning in 2027, will focus on activating its expanding network, widening use among banks, fintechs and businesses, and developing high-volume payment corridors. The platform now connects 24 national […]

Vice-President JD Vance has emerged from the Republican midterm convention in Dallas with his standing as a potential 2028 presidential contender enhanced, after a keynote speech drew chants from delegates and fresh praise from President Donald Trump. Vance used Thursday night’s address to present himself as a defender of Trump’s political movement while urging Republicans to stay united ahead of the November midterm elections. Delegates repeatedly chanted […]

Adobe posted record third-quarter revenue and crossed one billion monthly active users, but investors remained cautious as its expanding freemium strategy slowed some recurring-revenue indicators and tempered near-term growth expectations. The software group reported revenue of $6.76 billion for the fiscal third quarter ended August 28, up 13% from a year earlier and above market expectations of about $6.7 billion. Adjusted earnings were $6.13 a share, also […]

HANOI, VIETNAM – Media OutReach Newswire – 11 September 2026 – VinFast has announced the signing of strategic Memoranda of Understanding (MOUs) with 13 dealer partners in the Philippines to develop 27 new showrooms nationwide. The agreements mark an important step in VinFast’s plan to expand its electric automotive distribution network in the Philippines, while laying a strong foundation for the brand to reach its goal of developing a total of 60 dealerships in the country in 2026.

Representatives of VinFast Philippines and 13 dealer groups at the Memorandum of Understanding (MOU) signing ceremony, aimed at expanding VinFast's nationwide dealer network.
Representatives of VinFast Philippines and 13 dealer groups at the Memorandum of Understanding (MOU) signing ceremony, aimed at expanding VinFast’s nationwide dealer network.

Under the agreements, the 27 VinFast showrooms are expected to be developed across all three major geographical regions of the Philippines: Luzon in the north, Visayas in the central region, and Mindanao in the south. The network will strengthen VinFast’s presence in major urban centers such as Metro Manila and Cebu, while extending its reach to new, high-potential areas including Cagayan de Oro, Tacloban, and Subic Bay. This will bring VinFast’s electric vehicles and services closer to customers nationwide.

Developed in line with VinFast’s global standards, the showrooms will offer modern and convenient spaces where customers can learn about and experience the brand’s products, as well as access sales and after-sales services. The expanded network will also improve access to electric vehicles and related services, helping meet the growing demand for EVs in the Philippine market.

Supporting VinFast in the development of its new showroom network are 13 established local partners: Elite North Auto Cars Inc., MG Gateway Mantrade Corp., Grand Canyon Multi Holdings Inc., Britannica United Motors Incorporated, VF Auto Sto Tomas Inc., GR8 Marketing Motors Inc., ARCMA Motors Corporation, Autonomics Motor Corp., Gershom Car Trading Corp., Areza Motor Sales Inc., Central Auto Resources Inc., Autolink Global Motors Inc., and Greenport Mobility Inc.

These 13 companies bring extensive experience in automotive distribution in the Philippines and share VinFast’s commitment to advancing the green transition. Their market knowledge, operational capabilities, and extensive networks will provide additional momentum for VinFast to accelerate the development of its distribution system, expand customer access, and enhance service quality across the country.

Mr. Antonio Zara, CEO of VinFast Southest Asia, said: “The Philippines is one of the key markets in VinFast’s long-term growth strategy in the region and globally. Here, we are not only focused on expanding our sales network, but also on building a sustainable foundation for growth spanning products, services, infrastructure, and the broader EV ecosystem. With the support of our local partners, VinFast will continue to expand our operations in the years ahead, gradually making green mobility a more accessible and convenient choice for Filipino consumers.”

VinFast is steadily building a comprehensive “For a Green Future” electric vehicle ecosystem across key markets in Southeast Asia. In the Philippines, VinFast continues to invest in products, services, and infrastructure to make EV ownership as convenient as possible for customers. Alongside a diverse EV lineup and attractive customer support policies, VinFast is placing a strong focus on expanding its after-sales service network and charging infrastructure with the support of V-Green and local partners. Through these efforts, the brand reaffirms its long-term commitment to investing in the Philippines and supporting the country’s transition to green mobility.

Hashtag: #VinFast

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

Arabian Post Staff -Dubai The UAE has backed closer financial coordination among BRICS members and supported the New Development Bank’s next five-year strategy during high-level meetings in Mumbai, reinforcing its expanding role in multilateral development finance. The Ministry of Finance said the country took part on Thursday in the second meeting of BRICS finance ministers and central bank governors and a special meeting of the New Development […]

Grindstone Ventures has launched a R500 million venture capital fund aimed at technology-enabled African businesses from seed to Series A, seeking to bridge the financing gap between early commercial traction and the larger institutional rounds needed for expansion. The fund, led by Grindstone Ventures chief executive Thandiwe Maqetuka and established with Knife Capital and Thinkroom, is targeting an initial close of R150 million. It plans to invest […]

China exported more passenger cars in the first eight months of 2026 than during all of 2025, underscoring a sharp acceleration in overseas shipments as electric and plug-in hybrid models gain ground abroad.

Passenger-car exports reached more than 6.2 million units between January and August, according to the China Association of Automobile Manufacturers, already topping the roughly 6.04 million passenger vehicles exported during 2025. August shipments alone climbed 67.1% from a year earlier to about 890,000 units.

The milestone highlights how overseas demand has become an increasingly important outlet for China’s automotive manufacturing capacity while its home market weakens. Domestic passenger-car sales fell sharply in August, even as manufacturers pushed record volumes into foreign markets.

Exports of passenger vehicles measured by the China Passenger Car Association rose 77.5% year on year in August to 894,000 units. The association’s figures, compiled on a different basis from those of the broader industry group, also showed particularly rapid growth in exports of battery-electric and plug-in hybrid vehicles, which rose 154.7% from a year earlier.

China’s wider vehicle export sector has expanded at a pace well above expectations set at the start of the year. Total vehicle exports exceeded one million units in a single month for the first time in June and remained above that level in July. The first half alone produced 5.096 million vehicle exports, up 65.3% from a year earlier.

New-energy vehicles have supplied much of the increase. Exports of such vehicles reached 553,000 units in July, up about 150% year on year, after crossing 500,000 for the first time in June. During the first seven months, China exported 2.909 million new-energy vehicles, more than double the level a year earlier.

Conventional fuel vehicles also continued to contribute. July exports of petrol and diesel vehicles totalled about 490,000 units, up 40% from a year earlier, showing that the overseas expansion is not confined to electric models.

The surge has pushed full-year expectations higher. S&P Global Ratings expects China’s passenger-vehicle exports to grow by roughly 50% to 70% this year. The China Passenger Car Association has projected overall vehicle exports could reach about 12 million units in 2026 if the current pace is sustained.

That trajectory would place exports far above the industry’s own initial forecast. CAAM said in January that it expected total vehicle exports of about 7.4 million units this year, an increase of just 4.3% from 2025, when all vehicle exports exceeded seven million.

Manufacturers are increasingly relying on international markets as sales at home come under pressure from softer consumer demand and intense price competition. BYD and Geely have been among the companies reporting record overseas deliveries, while other producers are accelerating plans to sell or manufacture vehicles outside China.

Europe, Latin America, Southeast Asia, the Middle East and Africa have become major destinations as companies diversify away from markets where tariffs are high. Chinese-built electric vehicles face additional duties in the European Union, while access to the United States remains constrained by steep tariffs and regulatory barriers.

Automakers have responded by building assembly plants and manufacturing bases abroad, a strategy that can reduce shipping costs, shorten delivery times and, depending on local rules, limit exposure to import duties. Several groups are also expanding dealer networks and adapting models to local safety, software and charging requirements.

Beijing has sought to curb practices it says could damage the industry’s overseas reputation. Authorities and industry bodies have urged manufacturers to avoid destructive price competition and disorderly exports as the scale of shipments rises, while companies have pledged to comply with guidance aimed at maintaining fair competition.

The automotive boom is also visible in China’s broader trade figures. Customs data showed the value and volume of car exports both increased by more than 50% during the first eight months, helping lift total goods exports by 14.6% in yuan terms from a year earlier.

CALGARY, CANADA – Media OutReach Newswire – 10 September 2026 – Colossal Energy Fields Corp. (“Colossal Energy”) is pleased to announce the appointment of Warren Irwin as Special Advisor. With 40 years of financial markets, investment management, corporate finance and capital allocation experience, Mr. Irwin will provide strategic counsel to the Company’s management team and Board of Directors as it evaluates growth opportunities, financing alternatives and disciplined investment in projects related to oil and gas resources.

Mr. Irwin founded Rosseau Asset Management Ltd. in 1998, following several successful years in proprietary investing at Deutsche Bank Canada. Rosseau’s flagship fund, Rosseau LP, was established on December 31, 1998 and has earned a strong reputation for investment performance and disciplined, research-driven decision-making. In his time at Rosseau, Mr. Irwin has had extensive experience investing in offshore oil projects off the coasts of South America and Africa, and onshore projects throughout the world.

Prior to founding Rosseau, Mr. Irwin’s experience also includes corporate finance and mergers and acquisitions at CIBC Wood Gundy, credit analysis and fixed-income management at Scotia Capital Markets, and proprietary trading at Deutsche Bank Canada. Mr. Irwin holds a Bachelor of Mathematics from the University of Waterloo, is a Chartered Financial Analyst (CFA) and holds a Masters of Business Administration from the University of Western Ontario.

“Warren’s extensive financial, investment and capital-markets background along with his passion for offshore oil exploration will be a significant asset to Colossal Energy Fields,” said Curtis Cohen, Chairman of the Board of Directors of Colossal Energy.

“His analytical mindset, discipline, governance and professionalism will greatly strengthen funding resource opportunities, as well as capital allocation and long-term shareholder value.”

Colossal Energy’s commitment to sustainable, inclusive growth shines brightest in nations where its investments in energy access, community empowerment, and equitable development directly advance energy equity for all.

Hashtag: #ColossalEnergyFieldsCorp.

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

About Colossal Energy Fields Corp.

Colossal Energy Fields Corp is a Canadian oil and gas exploration company focused on exploration and production opportunities in Africa. Proven Upstream Pedigree. Colossal Energy has deep expertise in exploring offshore opportunities and developing near-to-producing field opportunities.

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