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HONG KONG SAR – Media OutReach Newswire – 20 March 2026 – PFIS Group, a Swiss-rooted wealth structuring advisory firm, today announced a comprehensive rebranding to Alpina Legacy. This strategic transformation marks a significant milestone in the firm’s history, aligning its corporate identity with its profound Swiss heritage and its core mission of safeguarding cross-generational wealth.

Mr. Samy Reeb, CEO of Alpina Legacy
Mr. Samy Reeb, CEO of Alpina Legacy

Refining our Identity After Years of Strategic Growth

Since its inception, PFIS Group has undergone an extraordinary journey of expansion. What began as a specialised boutique advisory practice in cross-border insurance has evolved into a formidable international platform. Today, the firm operates 8 offices worldwide, holds intermediation licenses in 34 countries, and has successfully advised on the structuring and restructuring of over USD 1 billion in private wealth.

“After years of rapid international expansion and hundreds of complex client engagements, we realised that our identity needed to catch up with our evolution,” said Mr. Samy Reeb, CEO of Alpina Legacy. “This rebranding comes at a pivotal moment. After establishing a robust global footprint, we are returning to our roots—not by shrinking our horizons, but by deepening the Swiss values that have always been the bedrock of our success.”

A Name that Bridges Heritage and Future

The new name, Alpina Legacy, was meticulously chosen to reflect the dual pillars of the firm’s value proposition:

  • Alpina: A tribute to the firm’s Swiss foundation. It symbolises the precision, discretion, and unwavering regulatory discipline associated with the Swiss financial tradition. In an increasingly volatile global landscape, “Alpina” represents the stability and rigour that the firm’s institutional partners and clients rely upon.
  • Legacy: Defines the firm’s ultimate purpose. It underscores a commitment to helping internationally mobile families, entrepreneurs, and investors protect and transmit their wealth across jurisdictions and generations through compliant, sophisticated insurance solutions.

Strengthening Partnerships and Roots

The transition to Alpina Legacy also reinforces the firm’s commitment to its global network of private banks, asset managers, and institutional partners.

“Our business partners are the lifeblood of our operation. By rebranding to Alpina Legacy, we are signalling our long-term commitment to the standards they expect from a Swiss-rooted firm,” added Samy Reeb. “As we look back on our years in operation, we recognise that our growth was only possible because we remained close to our roots while remaining agile in the face of complex regulatory environments.”

A New Chapter in Wealth Structuring

While the name and visual identity have changed, Alpina Legacy’s dedication to excellence remains constant. The firm will continue to provide bespoke cross-border planning and international insurance solutions, ensuring that the wealth created today becomes the enduring legacy of tomorrow.
Hashtag: #AlpinaLegacy

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

About Alpina Legacy

Alpina Legacy (formerly PFIS Group) is a leading international insurance and wealth structuring firm. With a global reach spanning 8 offices and licenses in 34 countries, Alpina Legacy specialises in providing compliant, cross-border life insurance and wealth planning solutions for high-net-worth individuals and international families.

For more information, please visit the newly launched website at:
(formerly https://www.pfisgroup.com/).

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Anchored in a “Single Brand, Multi-categories, Diversified Channels” Strategy
Technology and Premium Sports Resources Drive Our Competitive Edge

FINANCIAL HIGHLIGHTS

  • During the year, the Group recorded the following operating results:
    • Revenue rose by 3.2% to RMB29,598 million; gross profit margin declined by 0.4 percentage points to 49%
    • Net operating cash inflow was RMB4,852 million
    • Net profit attributable to equity holders was RMB2,936 million with net profit margin of 9.9%, and EBITDA margin was 20.8%
  • Working capital remained at a healthy level:
    • The percentage of gross average working capital to revenue was 7.7%
    • The cash conversion cycle was at 37 days, two days longer than last year
  • The Board has recommended the payment of final dividend of RMB23.36 cents per ordinary share for the year ended 31 December 2025, together with the interim dividend of RMB33.59 cents per ordinary share paid in September 2025, the total dividend for the year ended 31 December 2025 will amount to RMB56.95 cents per ordinary share or a total dividend payout ratio of 50%.

OPERATIONAL HIGHLIGHTS

  • The retail sell-through for the overall platform remained flat, including online and offline channels.
  • Offline new product sell-through accounted for 83% of overall offline sell-through, maintaining at healthy and reasonable level.
  • The overall channel inventory turnover was at 4 months, channel inventory level and ageing structure remained healthy.

HONG KONG SAR – Media OutReach Newswire – 19 March 2026 – Li Ning Company Limited (the “Company” or “Li Ning Company”; together with the subsidiaries, the “Group”; stock codes: 2331 (HKD counter) and 82331 (RMB counter)) today announced its audited annual results for the year ended 31 December 2025 (the “Year”).

Financial Results

In 2025, the Group continued to enhance the technological features of its products, optimising channel efficiency, and strengthening the brand’s professional positioning, delivering stable operating performance. During the year, the Group’s revenue amounted to RMB29,598 million, representing an increase of 3.2% compared with 2024 (2024: RMB28,676 million). Gross profit amounted to RMB14,489 million, up 2.4% from 2024 (2024: RMB14,156 million). The overall gross profit margin decreased by 0.4 percentage points to 49.0% (2024: 49.4%).

During the year, the net profit attributable to equity holders was RMB2,936 million (2024: RMB3,013 million). The margin of net profit attributable to equity holders was 9.9% (2024: 10.5%). Return on equity attributable to equity holders was 10.9% (2024: 11.9%). Basic earnings per share was RMB113.91 cents (2024: RMB116.98 cents). The Board has recommended the payment of a final dividend of RMB23.36 cents per ordinary share for the year ended 31 December 2025. Together with the interim dividend of RMB33.59 cents per ordinary share paid in September 2025, the total dividend for the year ended 31 December 2025 will amount to RMB56.95 cents per ordinary share or a total dividend payout ratio of 50% (2024: 50%).

In cash flow management, the Group’s net cash generated from operating activities during the year amounted to RMB4,852 million (2024: RMB5,268 million). As at 31 December 2025, cash and cash equivalents (including cash at banks and on hand, and fixed-term deposits with an original maturity of no more than three months) amounted to RMB16,717 million, an increase of RMB9,218 million compared with 31 December 2024. Adding back the amount recorded as fixed-term deposits held at banks, cash balance at 31 December 2025 amounted to RMB19,973 million, representing a net increase of RMB1,833 million compared with 31 December 2024. During the year, revenue increased year-on-year, while cash-based expenses including marketing costs and tax payments rose, coupled with the settlement time lag of e-commerce platforms, leading to a year-on-year decrease in net cash generated from operating activities. Meanwhile, the maturity and redemption of time deposits led to a significant increase in net cash generated from investing activities. The Group will continue to place extra emphasis on cash flow management to ensure the stable development of the Company in the long term.

Operational Summary

In 2025, the Group remained anchored in its “Single Brand, Multi-categories, Diversified Channels” strategy, advancing development through product upgrades, channel optimisation, and brand marketing.

The Group focused on six core categories—running, basketball, training, badminton, table tennis and sports casual—while actively pursuing opportunities in emerging fields and exploring new sports subcategories, such as outdoor, tennis and pickleball. During the year, the Group continued to upgrade its products through technological innovation and enhance the deployment of professional sports resources, guided by three key pillars: reinforcing a professional sports mindset, showcasing sports-fashion aesthetics, and honouring Chinese cultural heritage. In addition, it worked proactively to strengthen brand influence and increase brand recognition and visibility through diversified, and comprehensive marketing campaigns.

As the official partner of the Chinese Olympic Committee, the Group leveraged its deep expertise and strong professional sports credibility to blend sportsmanship with cutting-edge technology and Eastern aesthetics—all under the narrative theme “China’s Glory, Together with LI-NING.” During the year, it opened the world’s first LI-NING “Loong Store” and launched the “Glory Gold Label” product series, transforming exclusive, top-tier scarce sports resources into a driving force for brand reputation and market recognition, continuously strengthening consumers’ perception of LI-NING’s professional capabilities and product reliability.

In terms of channel development, the Group continued to advance a multi-dimensional channel network layout to expand market coverage while enhancing operational efficiency. In high-end markets, the Group deepened synergistic collaborations with top-tier commercial complexes and leading outlet malls, jointly promoting the planning and implementation of innovative stores. During the year, the Group successfully launched an independent outdoor store “COUNTERFLOW”, marking an important milestone for the brand’s official entry into the outdoor segment. The Group actively carried out cross-industry collaborations, partnering with top IPs embodying Chinese cultural heritage such as the Palace Museum, and launched marketing campaigns by collaborating with channel partners through diverse initiatives, effectively improving brand reach and conversion. In terms of efficiency enhancement, the Group continued to optimize the channel structure and improved rental structures and cooperation models, enhancing overall channel health and operational sustainability through a series of strategic optimization measures. As of 31 December 2025, the LI-NING brand (including LI-NING Core Brand and LI-NING YOUNG) operated a total of 7,609 conventional stores, flagship stores, China LI-NING stores, factory outlets, and multi-brand stores, representing a net increase of 24 POS compared with 31 December 2024.

In terms of retail operations, the Group built a highly profitable, efficient, and replicable single-store operating model. In high-level markets, targeted brand strategies were implemented across key regions, strengthening brand image and improving product operation efficiency through optimised channel structure, store product mix, and shopping experience. The Group established a distribution management model to improve operational efficiency and sustainable development capabilities of the distribution system. In addition, the Group strengthened the efficient coordination between retail outlets and the logistics system. Through refined planning systems, flexible supply chain construction and digital support, channel inventory turnover and full lifecycle product management were realised, thereby comprehensively improving operational quality and efficiency.

In terms of e-commerce operations, the Group made precise deployments that effectively enhanced consumer awareness and market share during major e-commerce campaigns such as Tmall Celebration Day and Tmall Super Product Day. During the year, core IP products such as “Zhui Feng”, “DLO”, “ULTRALIGHT” and “LI REN” delivered outstanding performance, successfully penetrating multiple consumer segments including Gen Z, professional sports and trendy fashion, ranking highly in both sales and reputation across segmented markets. By leveraging top athletes, celebrities, trending events and channel resources, the Group not only enhanced product exposure and achieved traffic acquisition and promotional sales conversion, helping inventory optimisation, but also supported offline business and drove overall revenue growth.

In terms of supply chain, the Group continuously optimised the supplier matrix, aligning high-quality supplier resources for high-end sports, outdoor, premium and sponsored product lines. Meanwhile, the Group aligned with its major product plan by adopting segmented production planning and data-driven management to achieve high-level coordination among product planning, supply chain, logistics, and retail outlets. To improve operational efficiency, the Group adopted multiple measures such as integration of fabric resources, optimization of process structures, large-scale procurement of materials and staggered production scheduling, further improving the cost structure, while enhancing production efficiency. In addition, the Group continued to integrate sustainable development into supply chain management and promoted green products, with the proportion of eco-friendly products exceeding annual targets during the year.

In terms of logistics, the Group launched a channel logistics project to connect the order system with logistics operations, improving product circulation efficiency and fulfilment timeliness. On the digital front, the Group introduced a warehouse coordination system and adopted SKU-level refined management. In terms of automation, automated equipment was introduced into various warehouses, enabling multi-scenario coverage and data visualization management. In December 2025, the East China and North China warehouses took the lead in adopting RFID full-process warehouse management, achieving full-process traceability of logistics data, greatly strengthening inventory management precision, and deployment across all warehouses is expected to be completed in the first quarter of 2026 to continuously drive cost reduction and efficiency improvement.

In terms of its kidswear business, LI-NING YOUNG continued to focus on professional sports and children’s developmental needs, advancing product optimization and exclusive IP creation. In terms of channel strategy, the Group continued to strengthen outlet channel development, improve single-store efficiency and optimize overall channel structure while accelerating its e-commerce deployment. LI-NING YOUNG maintained a coordinated development of wholesale and direct retail. Through refined management and strategic layout, both scale and quality were improved. In terms of marketing, LI-NING YOUNG centred its efforts around three core pillars “Event Cooperation + User Stories + IP Collaboration” to build professional recognition and accumulate its user foundation, successfully expanding its influence among youth and family demographics. As at 31 December 2025, the total number of LI-NING YOUNG POS was 1,518, representing a net increase of 50 POS since 31 December 2024.

Outlook

Entering 2026, the Group will seize the development opportunities arising from the continuous release of domestic demand potential. The Group will remain committed to its core value of “serving the public with sportsmanship,” meticulously refine its “LI-NING’s experience value,” and strive to become the preferred professional sports brand.

1. Technology-driven product upgrades: The Group will firmly implement the development strategy of “Single Brand, Multi-categories, Diversified Channels”, empowering product iterative upgrades with technology to build core competitiveness and market differentiation barriers. Relying on the technical accumulation and R&D of the LI-NING technology innovation platform, the Group will focus on deep cultivation of core categories and actively expand into emerging segments such as outdoor sports. The Group aims to respond to increasingly diversified and personalised consumer demands, achieving full-scenario coverage from professional competitive sports to daily wear. By promoting the ingenious integration of cutting-edge technology and fashion design, the Group will create a product system that combines excellent functionality, technological texture, and aesthetic value. Furthermore, the Group will continuously strengthen the efficiency of transforming scientific and technological achievements, promoting the rapid realization of frontier technologies into product competitiveness.

2. Olympic marketing empowering the brand: The Group will drive value creation through sports marketing, establish emotional connections with consumers, and facilitate the steady enhancement of brand value. By continuously deepening the cooperation with the Chinese Olympic Committee, the Group will seize the development window of the Olympic cycle and promote the brand to achieve a leap from resource cooperation to value co-creation. LI-NING will fully explore the diversified value of the cooperation with the Chinese Olympic Committee. Through systematic marketing layout and technological equipment support, it will convey the story of the mutual growth of LI-NING and Chinese sports, highlighting the technological strength and cultural confidence of the national brand.

3. Dual improvement in quality and efficiency of business operations: The Group will continue to focus on improving quality and efficiency across all aspects of its business. By deepening channel layout, strengthening product operations, and optimising supply chain management, the Group aims to build an efficient operational system, achieve simultaneous improvements in operational quality and efficiency, and lay a solid foundation for the high-quality growth of the enterprise. Offline channels will focus on improving efficiency in high-tier markets and penetrating emerging markets, while exploring new business models. Online channels will strengthen domain synergy and resource integration, promoting complementarity between online and offline channels. In terms of product operations, the Group will optimize the precision of full-chain planning and flexible supply capabilities, and accelerate inventory turnover. The supply chain will achieve coordinated optimization of cost, quality, and delivery time across the entire chain, thereby enhancing overall operational efficiency.

4. Consolidating the foundation to safeguard development: The Group will continuously strengthen three core support capabilities: talent, finance, and digital intelligence, to lay a solid bedrock for high-quality development. In terms of talent strategy, talent development will focus on selection, incentives, and efficiency. In terms of financial management, emphasis will be placed on precise resource allocation and risk control. In terms of digitalization, the Group will promote the deep integration of AI and big data with business operations, enhance operational efficiency and the scientific nature of decision-making, and provide systematic safeguards for the long-term development of the Group.

Mr. Li Ning, Executive Chairman and Joint CEO of the Group, concluded: “2026 marks the first year of the 15th Five-Year Plan. With the strategic goal of accelerating the development of a sports powerhouse, the nation will further unlock sports consumption potential while driving the transformation and upgrading of the sporting goods manufacturing industry. We expect this to release domestic demand potential and create both strong support and a vast stage for the sports industry to thrive.”

“We will remain rooted in the local market while looking ahead, seizing opportunities of the era with greater foresight and more efficient execution. We will continue to deepen the Group’s ‘Single Brand, Multi-categories, Diversified Channels’ strategy, optimising and upgrading our core category matrix while exploring emerging segments. Most importantly, we will keep strengthening the core advantages of our products—professional performance, technological capability, and sports experience—by empowering them with innovative technology and design aesthetics to reward consumer trust.”

Hashtag: #LiNing

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

About Li Ning Company Limited

Li Ning Company Limited is one of the leading sports brand companies in China, mainly operating professional and leisure footwear, apparel, equipment and accessories under the LI-NING brand. The Group has comprehensive research and development, design, manufacturing, marketing, distribution and retail management capabilities. It has established an extensive retail distribution network and supply chain management system in China. We are committed to be the most prominent, stylish, world-leading sports brand from China.

In addition to its core LI-NING brand, the Group also manufactures, develops, markets, distributes, sells various sports products which are self-owned by or licensed to the Group, including Double Happiness (table tennis), AIGLE (outdoor sports) and Kason (badminton), which are operated through joint venture/associate with third parties of the Group.

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Inviting visitors to Hong Kong Art Month for a cultural journey connecting art and the city

HONG KONG SAR – Media OutReach Newswire – 18 March 2026 – Art Central, in collaboration with the Hong Kong Tourism Board, is launching a digital Hong Kong Art Month Discovery Guide alongside a series of travel and experience packages for the Fair’s eleventh edition. These offerings bring visitors from the Greater Bay Area and overseas a seamless art travel experience, allowing them to enjoy Hong Kong’s diverse hotels, dining, attractions, and transport networks alongside their visit to the Fair.

香港藝術月探索指南

As a cornerstone event of Hong Kong Art Month, Art Central returns to the iconic Central Harbourfront from 25 to 29 March 2026. The Fair brings together contemporary art, curated programmes, and a vibrant community of galleries, artists, collectors, overseas visitors, and local audiences to build a dynamic platform for artistic exchange. Art Central 2026 is financially supported by the Mega Arts and Cultural Events Fund under the Culture, Sports and Tourism Bureau of the Hong Kong Special Administrative Region Government.

Entering its second decade, Art Central 2026 will assemble 117 galleries and 500 artists from Hong Kong, Asia, and around the world, further reinforcing its position as an integral platform for discovery and exchange among collectors and curators. Co-curated by Enoch Cheng and Zoie Yung, the Fair’s eleventh edition will present a series of artistic programmes—including performances, video art, large-scale installations, and talks—examining the frictions and intimacies that shape contemporary social and virtual life, foregrounding emergent Asian voices.

To enrich the artistic journey for visitors, Art Central, in partnership with the Hong Kong Tourism Board, proudly presents the digital Hong Kong Art Month Discovery Guide. The guide compiles exciting events across the city’s art districts, covering gallery exhibitions, special museum showcases, and performing arts programmes across Central, Sheung Wan, Wan Chai, Tai Hang, the Southern District, Tsim Sha Tsui, and the West Kowloon Cultural District. Beyond visual arts, the guide offers detailed dining recommendations in the vicinity, perfectly illustrating Hong Kong’s diverse culinary culture. The curated selections range from local street food and refined Cantonese cuisine to Michelin-starred contemporary European dining. Featured establishments include MIAN, Amber, Belon, L’Atelier de Joël Robuchon, Chinesology, Gu Liang Cai, and the historic Luk Yu Tea House. Through this comprehensive guide, visitors can easily navigate the city’s streets and alleys alongside their visit to Art Central, seamlessly transitioning from visual arts to culinary delights while deeply experiencing Hong Kong’s unique charm as Asia’s events capital. Explore more in the Hong Kong Art Month Discovery Guide.

To allow visitors to incorporate the Fair into their broader Hong Kong itineraries with ease, Art Central has introduced a brand-new Flexible Date Ticket, available in limited quantities exclusively during the advance sale period. Holders of the Flexible Date Ticket may select any single day between 25 and 29 March 2026 for entry during general admission hours without the need for advance date selection.

Art Central has also launched comprehensive packages on various travel platforms covering accommodation, attractions, and transportation for the convenience of visitors. For example, through Ctrip, visitors can book curated packages combining Fair admission with selected offers and enjoy a HK$50 no-minimum-spend Uber Taxi promo code with the purchase of any ticket, easily charting a cultural journey connecting art and city life.

Ctrip’s accommodation bundles span top-tier five-star luxury properties such as Four Seasons Hotel Hong Kong, Mandarin Oriental Hong Kong, and The Murray, Hong Kong, as well as boutique options including The Pottinger Hong Kong, offering convenient and elevated choices for cultural getaways and weekend itineraries.

Additionally, attraction bundles will extend the Fair experience to multiple transportation options and popular leisure destinations, including the Peak Tram, the Hong Kong Observation Wheel, the Star Ferry, and the Airport Express. This allows visitors to integrate transportation, accommodation, and urban cultural experiences, extending their exhibition visit into a city journey exploring Hong Kong’s art and lifestyle.

Furthermore, Art Central has launched combo packages on Klook, pairing the Flexible Date Ticket with admission to the Hong Kong Observation Wheel at the Central Harbourfront (HK$302) or a Cupping Room coffee e-voucher (HK$314). These allow visitors to take in the spectacular views of Victoria Harbour or take a relaxing coffee break following their visit to the Fair. After viewing the exhibition, visitors can also take the “WestK Ferry” from Central Pier 9—a short eight-minute ferry ride—to effortlessly reach the West Kowloon Cultural District and continue their exploration at M+, the Hong Kong Palace Museum, and the WestK FunFest.

Package offers are exclusively available for purchase via Ctrip and Klook. For more details regarding participating hotels, dining, attractions, and transport partners, please visit artcentralhongkong.com/tickets. Ticket Packages might be subject to change without prior notice and are available in limited quantities while stocks last.

​
Art Central 2026 Package Offers

Category Package Price Booking Channel Remarks
Fair Ticket Art Central Advance Ticket +

Uber Taxi HK$50 Promo Code

Adult: HK$180
Child: HK$55
Ctrip
Experience Art Central Advance Ticket

+ Peak Tram Return Ticket + Sky Terrace 428 + Uber Taxi HK$50 Promo Code

Adult: HK$305
Child: HK$305
Ctrip
Experience Art Central Advance Ticket +

Hong Kong Observation Wheel Ticket + Uber Taxi HK$50 Promo Code

Adult: HK$164
Child: HK$54
Ctrip
Experience Art Central Advance Ticket + Star Ferry World Star / Shining Star Water Tour Ticket + Uber Taxi HK$50 Promo Code Adult: HK$351
Child: HK$188
Ctrip
Transport Art Central Advance Ticket +

Airport Express Ticket to/from Central (Hong Kong Station) + Uber Taxi HK$50 Promo Code

Child: HK$89 Ctrip
F&B Art Central Advance Flexible Date Ticket +

Cupping Room HK$50 Coffee E-Voucher

HK$314 Klook
Experience Art Central Advance Flexible Date Ticket +

Hong Kong Observation Wheel Ticket

HK$302 Klook
Hotel Art Central Advance Ticket + Hotel Bundle RMB ¥581+ Ctrip Options include:
Four Seasons Hotel Hong Kong / The Upper House / Mandarin Oriental Hong Kong / Island Shangri-La, Hong Kong / The Murray, Hong Kong, a Niccolo Hotel / JW Marriott Hotel Hong Kong / The Pottinger Hong Kong / Two MacDonnell Road, Hong Kong / Lan Kwai Fong Hotel @ Kau U Fong / Bishop Lei International House

Opening Dates and Hours
Tuesday 24 March
VIP Preview (by invitation)

Wednesday 25 March
Fair Hours 12 pm – 5 pm
Night Central 5 pm – 9 pm

Thursday 26 March
Fair Hours 12 pm – 7 pm

Friday 27 March
Fair Hours 12pm – 7 pm

Saturday 28 March
Fair Hours 11 am – 7 pm

Sunday 29 March
Fair Hours 11 am – 5 pm

Venue
Central Harbourfront Hong Kong, 9 Lung Wo Road
Hashtag: #ArtCentralHK #ArtCentralUOB #HongKongArtWeek



Wechat: https://artcentralhongkong.com/wechat/

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

About Art Central

Art Central, a cornerstone event of Hong Kong Art Week, presents the next generation of talent from Asia’s most forward-thinking galleries alongside celebrated artists from across the globe. Since its inaugural edition in 2015, Art Central has established itself as a leading platform for innovation in contemporary art, advancing the profiles of artists and galleries and reinforcing their presence within the international art landscape. Today, the Fair is recognised for the strength of its curatorial programming and as a vital meeting point for discovery and exchange among collectors and curators representing private, corporate, and institutional collections worldwide.

Fair Director
Corey Andrew Barr joined Art Central as Fair Director in 2019. A champion of Hong Kong artists, Barr has expanded the Fair’s platform to highlight local talent and underscore its position as a benchmark for aspiring galleries from around the world. He was formerly the director of a prominent Hong Kong- and London-based gallery focusing on contemporary Asian art, and prior to that, served as Specialist and Head of Sales for Phillips in New York, where he also organised exhibitions of contemporary art, photography, and design by leading international artists.

Curator
Enoch Cheng is an artist-curator whose work spans curation, moving image, installation, performance, dance, and fashion. His cross-disciplinary multimedia practice reinterprets norms, stories, and myths through contemporary lenses, drawing on a range of creative practices and engaging audiences through diverse cultural traditions. Cheng was awarded the Asian Cultural Council Fellowship (2020) and held artist residencies at the Museum of Arts and Design, New York (2022), and the American Museum of Natural History, New York (2020). He was most recently named Artist of the Year (Visual Arts) at the 2025 Hong Kong Arts Development Awards, recognising his contributions to the arts, including his role at Art Central since 2024.

Curator
Zoie Yung, currently based in Hong Kong, is an independent exhibition consultant and curator, and former exhibition manager of chi K11 art museum in Shanghai. She provides a unique approach to exhibition production by combining practice in exhibition spatial arrangement and her knowledge of Chinese Xuanxue as well as Western astrology. Selected recent exhibitions include Wonder-verse (chi K11 art space, Hong Kong, 2022) and Curve of Buoyancy (Duddell’s, Hong Kong, 2021). She also actively organises public education campaigns; she has collaborated with local organisations, including Tai Kwun Contemporary, Para Site, 1a Space, and Hong Kong Visual Arts Centre.

About UOB
UOB is a leading bank in Asia. Operating through its head office in Singapore and banking subsidiaries in China, Indonesia, Malaysia, Thailand and Vietnam, UOB has a global network of more than 470 branches and offices in 19 markets in Asia Pacific, Europe and North America. Since its incorporation in 1935, UOB has grown organically and through a series of strategic acquisitions. Today, UOB is rated among the world’s top banks: Aa1 by Moody’s Investors Service and AA- by both S&P Global Ratings and Fitch Ratings.

For nine decades, UOB has adopted a customer-centric approach to create long-term value by staying relevant through its enterprising spirit and doing right by its customers. UOB is focused on building the future of ASEAN – for the people and businesses within, and connecting with, ASEAN.

The Bank connects businesses to opportunities in the region with its unparalleled regional footprint and leverages data and insights to innovate and create personalised banking experiences and solutions catering to each customer’s unique needs and evolving preferences. UOB is also committed to helping businesses forge a sustainable future, by fostering social inclusiveness, creating positive environmental impact and pursuing economic progress. UOB believes in being a responsible financial services provider and is steadfast in its support of art, social development of children and education, doing right by its communities and stakeholders.

About Mega Arts and Cultural Events (ACE) Fund
The Culture, Sports and Tourism Bureau of the Hong Kong Special Administrative Region Government sets up the Mega ACE Fund to attract and support international or large-scale arts and cultural events which bring significant arts, cultural or economic values and can be recurrent and anchored in Hong Kong, or events which can bring exceptionally significant arts or cultural merit, as well as publicity and image building values to Hong Kong as an arts and cultural hub with a view to contributing to Hong Kong’s development into an arts and cultural metropolis as well as a tourist destination, providing development opportunities for the arts, cultural and creative sectors, and facilitating arts and cultural exchange.

SHANGHAI / HONG KONG – Media OutReach Newswire – 18 March 2026 – HealthMutual Group (HMG) and SinoUnited Health (SUH) today signed a collaboration agreement to establish a comprehensive cross-border medical service framework. This partnership is designed to meet the clients’ growing demand for high-quality medical services in China.

HealthMutual Group and SinoUnited Health Sign Strategic Agreement to Expand Premium Cross-Border Healthcare into Shanghai

Under this agreement, SinoUnited Health will serve as HMG’s anchor hospital and primary healthcare hub in Shanghai. The partnership establishes a standardized framework for cross-border care, focusing on clinical excellence and financial predictability. HMG members will gain access to SinoUnited Health’s elite specialist network across Shanghai, Hangzhou, and Suzhou, supported by fully transparent fee structures.

The collaboration is backed by HMG’s significant operational scale. Currently ranking within the top three in the industry for total new business premium, HMG supports its insurance partners in serving over 700,000 clients. With HK$150 million in medical expenses processed to date, HMG’s network connects 700 specialists and 13 private hospitals in Hong Kong with over 2,000 hospitals across Mainland China.

“The demand for cross-border medical services is increasing rapidly,” said Mr. KC Chan, Founder of HealthMutual Group. “Partnering with SinoUnited Health is a natural expansion of our robust GBA network. SUH’s reputation for excellence ensures that our vision—maintaining medical insurance as a sustainable funding source for quality care—now extends firmly into the Shanghai region.”

Sharon Cheng, Vice President of Business Development, SinoUnited Health added: “This collaboration aligns perfectly with our ‘patient-first’ philosophy. By combining HMG’s massive regional reach with our world-class medical care, we are creating a seamless ‘home-away-from-home’ experience for patients. We are proud to serve as the Shanghai gateway for HMG’s 700,000+ policyholders, offering them professional integrity and access to the latest medical technologies.”

To ensure long-term service quality, the two groups will conduct quarterly professional exchanges and site inspections, allowing Hong Kong insurance partners to directly interface with SUH’s international medical teams and advanced clinical facilities.

Hashtag: #HealthMutualGroup #HMG #SinoUnitedHealth #互康

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

About HealthMutual Group

Established in 2014, HealthMutual Group has emerged as a premier leader in healthcare management across Hong Kong and the Greater China Region. We are committed to leveraging healthcare management to position insurance as a sustainable funding source for healthcare through our Medical Concierge and other essential value-added services. Our knowledge-based, transparent and innovative approach benefits all stakeholders: the insured, insurers and the medical sector, fostering sustainable growth and development. Headquartered in Hong Kong, HMG also operates branch offices in Qianhai and Hainan.

About SinoUnited Health

SinoUnited Health, founded in 2016 and headquartered in Shanghai, ranks among the largest premium private healthcare providers in the Eastern China. As a “physician-driven” medical institution, our “General practitioner + Specialist” model provides patients with holistic, professional, and customized solutions, making high-quality private healthcare truly accessible for every family.

Italy’s annual inflation rate accelerated to 1.5 per cent in February, marking a modest rebound from January’s 1.0 per cent and signalling a gradual shift in price dynamics across the eurozone’s third-largest economy. Data released by the national statistics agency Istat showed consumer prices rising by 0.7 per cent on a month-on-month basis, reflecting a combination of seasonal adjustments and renewed upward pressure in selected sectors, particularly […]

Starlink has begun offering satellite-based internet services in the United Arab Emirates, marking a significant expansion of low-Earth orbit connectivity into one of the Gulf’s most advanced digital markets. The rollout introduces a new alternative to established telecom operators, with residential plans starting from Dhs230 per month alongside a required upfront hardware purchase. The service, operated by Elon Musk’s SpaceX, relies on a constellation of low-Earth orbit […]

HONG KONG SAR – Media OutReach Newswire – 18 March 2026 – On the opening day of Hong Kong FILMART, global leading game enterprise, MOONTON Games, hosted a film-game intellectual property (IP) launch conference under the theme From Spark to Spotlight, officially announcing its cross-border upgrade from the game industry to full ecological incubation of film-game IPs. At the event, MOONTON Games unveiled three flagship original IPs—You Ming Zhi, Cetus, and Project: Lovania—spanning Eastern fantasy, sci-fi adventure, and cozy genres, with diversified formats including feature films, animated series, and video games. An industry forum was held to explore the new-era development of film-game integration.

Distinguished guests attended the conference, including Cloud Zhang, Head of ByteDance’s Game Business and CEO of MOONTON Games; Yaguang Ma, also known as Link Ma, Head of MOONTON Games’ Lighthouse Studio; renowned screenwriter Ran Ping; celebrated author Jiang Nan; acclaimed animation director Shen Youbafang; Wang Shanshan (Film and Television Director of Science Fiction World); as well as leaders from the National Radio and Television Administration; the Hong Kong Trade Development Council; numerous media representatives; and industry peers.

Founded in 2014, MOONTON Games has crafted a portfolio of classic game IPs loved by gamers worldwide. Its debut at Hong Kong FILMART marks the launch of MOONTON Games’ global incubation journey for premium IPs with a brand-new vision, completing a cross-dimensional creative leap from a digital game kingdom to a cinematic light and shadow realm, and empowering Chinese culture-rooted original content to shine on the international stage. MOONTON Games’ Lighthouse Studio, the core vehicle for its film-game IP development, made its official debut at the conference, and its unwavering commitment to long-termist creative philosophy has become the cornerstone of Moonton’s film-game integration layout. The three distinctive original IPs form MOONTON Games’ first film-game IP matrix; all anchored in high-quality content, they pose profound emotional inquiries around What it means to be human, what it means to live, with unique themes and expressive formats.

You Ming Zhi: Rooted in Chinese Folk Customs, Forging a Benchmark for Eastern Fantasy Theatrical Animated Films

As MOONTON Games’ maiden cross-border film and television project, the Eastern fantasy IP You Ming Zhi—deeply rooted in Chinese folk culture—officially kicked off at the conference. The IP builds a distinctive worldview where the world is governed by animal Spirits of Light, and humans embark on a quest to uncover their own history and the meaning of survival. Breaking free from the clichés of traditional immortal and chivalric fantasy, it returns to a narrative core rooted in mortal life and journey experiences. The growth story of protagonist Zhou Chu mirrors the self-discovery and identity exploration of contemporary young people, embodying both profound Chinese cultural heritage and universal emotional resonance.

The IP’s first concept short film made a stunning debut at the conference. Wanzhou Yu, the IP producer, shared that creative inspiration stemmed from personal emotional resonance, aiming to create a humanistic Eastern fantasy work where the protagonist achieves inner growth through witnessing rather than conquering. Cloud stated that this IP was chosen as the starting point of MOONTON Games’ cross-border endeavor for its compelling narrative rooted in Chinese folk customs that transcends media boundaries; it reflectsand MOONTON Games’ aspirations to set an aesthetic and narrative benchmark for it with the ceremonial essence of film. Yaguang Ma highlighted the IP’s pure creative team, original worldview and systematic aesthetic system, believing it to be an IP seed with sustainable growth potential for a decade. A landmark announcement was made: national first-class screenwriter Ran Ping officially joined the project as the animated film’s screenwriter. Ran Ping noted that the IP’s allure lies in exploring profound propositions of civilization, loneliness and coexistence through a fantasy lens, integrating the traditional heritage of ancient supernatural tales with modern narrative consciousness, and a great fantasy work ultimately reflects reality. The MOONTON Games team presented Ran Ping with a framed original art poster of the IP, marking his official joining in a highly ceremonial way.

Cetus: Debut of a Dieselpunk Sci-Fi IP, Launching a Global Co-creation Plan

Following You Ming Zhi, MOONTON Games released the high-concept sci-fi IP Cetus, with the first concept short film of its dieselpunk post-apocalyptic adventure animated series also unveiled at the event. The IP constructs a post-apocalyptic world shrouded in a sea of clouds, where humans have built a unique civilization based on whaling in an isolated island setting, and cling to hope and resolve amid ruins and steel.

Cetus boasts celebrated author, Jiang Nan, as co-creator and acclaimed sci-fi animation director, Shen Youbafang, as director—two core creative forces with profound expertise in building grand worldviews and crafting sci-fi animations. Yaguang Ma commented that Jiang Nan has endowed Cetus with a profound textual foundation and epic grandeur, while Shen Youbafang masterfully captures and presents the distinctive texture of this sea of clouds world to audiences. Jiang Nan explained that the core of Cetus is to depict the essence of humanity in desperate situations: even if only one tower remains in the world, there will still be stories, warmth, and dignity. Shen Youbafang frankly shared that the challenge and joy of creation both lie in building a dieselpunk visual system that blends industrial ruggedness with the warmth of life, making every gear and rust mark an integral part of the narrative. Moonton also announced the official launch of the Cetus Global Co-creation Plan at the conference, opening up the IP’s worldview setting to global sci-fi writers, illustrators, animators and game designers, and inviting creators worldwide to jointly build this magnificent sea of clouds universe. The plan is jointly promoted by MOONTON Games and Science Fiction World, the benchmark platform for Chinese sci-fi literature. Cloud, Wang Shanshan and three other distinguished guests launched the plan with a jigsaw puzzle ceremony, marking Cetus as the first Chinese dieselpunk sci-fi IP nurtured by global creators.

Project: Lovania: A Cozy Game Surprise Debuts, Creating a Spiritual Haven

As a delightful surprise at the conference, MOONTON Games launched the original cozy game, Project: Lovania, whose promotional short film brought a warm and heartfelt experience to the audience. The game builds a fairy-tale wonderland named the Hometown Never Forgotten, where players take on the role of a little puppet and embark on a magical adventure following a long-eared star. In the game, players can build exclusive homes, customize their avatars, and pursue the starlight and the moon hidden in fascinating stories. In an era driven by efficiency, Project: Lovaniacenters on the core of healing, serving as a warm emotional complement to MOONTON Games’ IP matrix and adding greater diversity to the company’s film-game IP layout.

For The Future: MOONTON Games Releases the Core Strategy for Film-Game Integration

At the conference, MOONTON Games showcased the creative aspirations and team spirit of Lighthouse Studio through a corporate short film, with original aspiration and unwavering faith as the studio’s core tenets. On behalf of the studio, Yaguang Ma released MOONTON Games’ core strategy for film-game integration, stating that the establishment of Lighthouse Studio stems from MOONTON Games’s persistent commitment to long-termist content creation. The studio rejects rushed content production, focuses on returning to the essence of creation itself, and builds a tailored creative ecosystem for the sustainable growth of premium IPs.

MOONTON Games’ film-game integration layout is not a simple cross-media expansion, but is centered on building a living, evolving world. Each IP is enabled to naturally evolve into diverse formats including games, films and animations, based on a complete worldview and a profound emotional core. Cloud emphasized that MOONTON Games has always believed that a good story transcends media and time, and the core of film-game integration is to take high-quality original content as the foundation, allowing IPs to realize value amplification and enduring vitality across different media. The three IPs released at the event represent the first implementation of this core strategy, and Moonton will continue to deepen its focus on original content creation, fueling the incubation and growth of more film-game IPs in the future.

Industry Elites Gather at the Forum to Explore the Key to Success for the Future of Film-Game Integration

After the IP release session, MOONTON Games hosted an industry forum themed What is the Decisive Factor for the Future of IP-Based Film-Game Integration, moderated by Li Xingwen, a famous cultural critic and Chief Editor of Film and Television Critic. Cloud, Ran Ping, Jiang Nan, and Huang Haibo, Director of Phoenix TV Movie Channel, engaged in an in-depth discussion from diverse professional perspectives.

The forum delved into core topics including the key factors for translating film-game integration concepts into practical execution, the essential traits of IPs with sustainable cross-media vitality, the creative differences between animation and traditional film and television production, the creative adaptation of literary IPs for film and game cross-border development, the new forces urgently needed in the film and television industry, as well as the opportunities and challenges for game enterprises venturing into the film and television sector. Combining their rich practical experience and insightful industry observations, the guests offered multi-dimensional insights and ideas for the industrial development of film-game integration, helping the on-site audience gain a clearer and more in-depth understanding of its future development trends.

MOONTON Games’ film-game IP launch conference at Hong Kong FILMART marks the official launch of the company’s global film-game IP layout, emerging as a pivotal practice for game enterprises in cross-border film-game integration. From deepening its roots in the game industry to incubating film-game IPs, MOONTON Games takes these three original IPs as its starting point, integrating the essence of Chinese culture with modern creative expression. With its long-termist creative philosophy and open co-creation operation model, Moonton sets a new paradigm for the development of the global film-game integration industry. As the conference theme From Spark to Spotlight implies, this launch is not the end of MOONTON Games’ cross-border film and game journey, but the beginning of a new chapter. In the future, Moonton’s Lighthouse Studio will continue to polish high-quality original content, drive the in-depth integration and global development of film-game IPs, and let Chinese original film-game IPs shine brightly on the world stage.

Hashtag: #MOONTONGames

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

About MOONTON Games

Established in 2014, MOONTON Games is a global video game company dedicated to gaming development, publication, and esports. With more than 2,000 employees worldwide, the company operates offices in Indonesia, Malaysia, Singapore, the Philippines, Latin America, and China. It has successfully launched several high-profile mobile games globally and has built long-term relationships with governments and esports organizations in more than 30 countries around the world. Mobile Legends: Bang Bang is its current star game and the leading mobile multiplayer online battle arena (MOBA) game worldwide. For more information, visit https://en.moonton.com.

About Lighthouse Studio

Lighthouse Studio is a studio under MOONTON Games that creates original content. It currently owns 3 IPs: You Ming Zhi, Cetus, and Project: Lovania. The studio adheres to the principle of “Innovation as the Core, Content Is King”, deeply exploring the integration of storytelling and artistic expression in its commitment to building an immersive art world that combines emotional resonance and visual tension.

With its relentless pursuit of quality, Lighthouse Studio leverages its cutting-edge aesthetic vision and technical capabilities to continuously push the boundaries of creativity, establish a complete chain from the core settings of IP, aesthetic innovation to multi-form content development, and create benchmark IPs with global recognition and cultural influence—whether it’s games, film and television, or animation.

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OpenAI has introduced two smaller artificial intelligence models, GPT-5.4 mini and GPT-5.4 nano, signalling a push towards lower-cost, faster systems designed for large-scale deployment and increasingly complex agent-based applications. The announcement marks a shift in emphasis from raw model size to efficiency and adaptability, as enterprises seek to integrate AI into everyday workflows without incurring prohibitive computational costs. The new models are positioned as lighter alternatives within […]

TrendAI™ to support NVIDIA OpenShell open source runtime to add security for autonomous AI agents

HONG KONG SAR – Media OutReach Newswire – 18 March 2026 – TrendAI™, the enterprise AI security leader, today announced expanded collaboration with NVIDIA to support NVIDIA OpenShell, a new open source runtime for agentic AI introduced at NVIDIA GTC. The solution enables organizations to deploy autonomous AI agents with built-in governance, continuous risk visibility, and runtime enforcement, addressing key barriers to production adoption of agentic AI.

TrendAI™ is teaming with NVIDIA to add security for the open source NVIDIA OpenShell runtime as the ecosystem evolves. Learn more: https://resources.trendmicro.com/2026-nvidia-gtc.html

Rachel Jin, Chief Platform and Business Officer, Head of TrendAI™: “Agentic AI changes the security equation. When AI systems can plan, take action, and interact with other tools on their own, the risk profile looks very different from traditional AI. Our collaboration with NVIDIA allows us to bring security directly into the architecture so organizations can adopt agentic AI with the visibility and control they expect.”

Traditional AI security models were built for short-lived interactions between users and models. Agentic AI changes that dynamic by operating continuously and taking action across environments.

NVIDIA OpenShell is an open source runtime for long-lived, self-evolving agents capable of planning, memory, and tool execution. While these capabilities unlock significant productivity gains, they also introduce risks related to unauthorized skills, hidden behaviors, prompt injection, and unintended system access.

Pat Lee, vice president, Strategic Enterprise Partnerships at NVIDIA: “Agentic AI opens the door for a new class of applications that can plan, reason, and take action. By working with TrendAI™, we’re helping developers add visibility and controls to make it safer to run autonomous AI.”

TrendAI™ can transform agentic AI from a high-risk experiment into an enterprise-ready architecture. Organizations gain the ability to define trust boundaries, enforce policy at runtime, and maintain continuous visibility into autonomous AI behavior, all while preserving the flexibility and power that make agentic systems valuable.

TrendAI™ adds an enterprise-grade security layer that governs how agents behave, what tools they can access, and how risk is detected and enforced, before, during, and after execution.

The collaboration extends across the NVIDIA AI–Q blueprint and the NVIDIA NeMo Agent Toolkit, enabling consistent security, governance, and observability as agentic systems scale across enterprise environments.

TrendAI Vision One™‘s layered security architecture for OpenShell provides:

  • Centralized AI governance and compliance enforced directly in the agent runtime
  • Skill and tool risk visibility, including continuous scanning of agent skills and MCP integrations
  • Dynamic behavioral analysis to detect hidden or malicious actions
  • Inline policy enforcement that blocks untrusted skills and actions at runtime
  • AI specific threat protection, including prompt injection and sensitive data exposure detection
  • Continuous monitoring and auditability through agentic telemetry and SIEM integration. These capabilities allow organizations to define trust boundaries, enforce policy, and maintain visibility across autonomous AI agents without limiting innovation.

Hashtag: #trendai #trendmicro #trendvisionone #trendaivisionone #visionone #cybersecurity #nvidia






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

About TrendAI™

TrendAI™, a global leader in AI security, empowers enterprises to innovate fearlessly by securing AI, cloud, networks, endpoints, and data across the modern attack surface. At the core is TrendAI Vision One™, a unified cybersecurity platform that centralizes cyber risk exposure management and security operations to protect the entire AI lifecycle from infrastructure to models to users. The platform is fueled by world-class threat intelligence and insights that protect organizations from hundreds of millions of threats every day. With 6,000 TrendAI™ experts across 75 countries, TrendAI™ empowers security leaders to stay ahead of threats, driving proactive security outcomes across the entire attack surface. This includes critical environments like AWS, Google, and Microsoft. AI Fearlessly.

Cloud infrastructure provider Vultr has introduced a production-ready artificial intelligence inference stack built on NVIDIA’s Rubin platform, marking a significant expansion of their collaboration as enterprises accelerate adoption of generative AI workloads. The deployment is designed to provide scalable, cost-efficient inference capabilities across Vultr’s global cloud network, targeting businesses seeking to operationalise AI models without the high capital expenditure typically associated with dedicated infrastructure. The Rubin platform, […]

Take-Two Interactive chief executive Strauss Zelnick has declined to offer advice to Microsoft’s newly appointed gaming leader Asha Sharma, expressing confidence that she will succeed without external guidance and highlighting her record as a seasoned executive. Zelnick’s remarks come as Sharma steps into a prominent leadership role within Microsoft’s gaming division, overseeing strategic direction for Xbox amid intensifying competition in the global video game industry. Addressing questions […]

Deepens “One Core and Two Wings” Strategy Continues to Strengthen Core Competitiveness to Enhance Shareholder Returns

HONG KONG SAR – Media OutReach Newswire – 18 March 2026 – The world’s largest telecommunications infrastructure service provider China Tower Corporation Limited (“China Tower”, or the “Company”) (Stock Code: 0788.HK) is pleased to announce its annual results for the year ended 31 December 2025.

Performance Highlights

RMB Million 2025 2024 Change
Operating revenue 100,411 97,772 2.7%
EBITDA[1] 65,814 665.59 -1.1%
Profit attributable to owners of the Company 11,630 107.29 8.4%
Basic earnings per share (RMB yuan) (Re-presented) 0.6653 0.6138 8.4%
Dividend per share (RMB yuan) 0.45789 0.41696 9.8%
Key operating data
Number of tower sites (thousand) 2,149 2,094 2.6%
Number of tower tenants (thousand) 3,856 3,791 1.7%
Tenancy ratio (tenants / tower site) 1.79 1.81 -1.1%

In 2025, the Company’s operating revenue maintained stable growth and profitability remained strong. Operating revenue for the year reached RMB100,411 million, an increase of 2.7% year-on-year. EBITDA reached RMB65,814 million, a decrease of 1.1% year-on-year, with an EBITDA margin[2] of 65.5%. Profit attributable to the owners of the Company reached RMB11,630 million, an increase of 8.4% year-on-year, with a net profit margin of 11.6%.

The Company maintained a strong and stable cash flow. Net cash generated from operating activities for the year amounted to RMB56,116 million, an increase of RMB6,648 million year-on-year. Capital expenditures stood at RMB29,486 million while free cash flow[3] reached RMB26,630 million, up by RMB9,103 million year-on-year.

As at 31 December 2025, our total assets amounted to RMB336,579 million, with interest-bearing liabilities of RMB90,460 million and a gearing ratio[4] of 27.7%, representing a decrease of 3.3 percentage points from the end of 2024. Our financial position remains healthy and stable.

The Company has always attached great importance to shareholder returns. After considering our profitability, cash flow and future development needs, the board of directors of the Company has recommended a final dividend of RMB0.32539 per share (pre-tax) for the year ended 31 December 2025. Together with the interim dividend distributed, the total full-year dividend amounted to RMB0.45789 per share (pre-tax), equivalent to a payout ratio of 77% of our annual distributable net profit.

Refined operations enabled steady progress in TSP business

The Company continued to play a leading role in new 5G infrastructure construction, further deployed the Dual-Gigabit network joint-entry implementation, and made solid progress in supporting special projects such as upgrading signal strength, extending broadband coverage to all border areas, forests and grasslands. Capturing the strategic opportunities arising from the wide-area 5G network coverage expansion and enhancement of in-depth coverage, we focused on enhancing intensive sharing of network resources and fully satisfying customers’ demands for network construction. As a result, our TSP business maintained stable growth in 2025, recording revenue of RMB84,725 million, an increase of 0.7% year-on-year.

Tower business. The Company seized opportunities arising from customers’ ongoing network expansion requirements and leveraged our competitiveness as a service provider by offering efficient delivery, superior maintenance and optimal cost structure, while minimizing management risks. We deepened the embedded service mechanism, precisely captured customers’ network planning needs, and comprehensively secured construction demands in key scenarios and key regions. Leveraging our site resources and base station data, we proactively conducted coverage analysis to enhance network optimization capabilities. We also enhanced our collaborations with TSPs to provide customers with better services. By adhering to a customer-oriented philosophy, we continued to optimize end-to-end business processes and management standards to enhance service capabilities across the board. In 2025, revenue from our Tower business amounted to RMB75,498 million, a decrease of 0.3% year-on-year. As at the end of 2025, the Company managed a total of 2.149 million tower sites, an increase of 55,000 from the end of 2024. We have gained 23,000 new TSP tenants since the end of 2024, bringing the total number of TSP tenants to 3.567 million at the end of 2025. Our TSP tenancy ratio was 1.70.

DAS business. We continued to focus on high-value and livelihood-critical scenarios, systematically enhancing resource coordination and sharing, and collaborative construction capabilities, as well as accelerating 5G network upgrades on high-speed railways. At the same time, we deployed shared repeaters at scale in everyday scenarios such as elevators, underground parking lots, tunnels, and residential communities, helping TSPs achieve efficient and low-cost network coverage extension. We continued to optimize the integrated active and passive DAS sharing solutions and promoted the implementation of innovative solutions such as shared frequency shifting in existing DAS 5G upgrades. By doing so, we enhanced product and service competitiveness to efficiently meet customer needs. In 2025, our DAS business achieved relatively high growth, with revenue reaching RMB9,227 million, an increase of 9.5% year-on-year. By the end of 2025, we had covered buildings with a cumulative area of 15.15 billion square meters, up by 19.5% year-on-year, while the coverage in railway tunnels and subways reached a cumulative length of 33,661 kilometers, an increase of 14.8% year-on-year.

Vertical advancement supported strong growth in Two Wings business

In the Two Wings business, we seized market opportunities while continuing to strengthen product competitiveness and drive rapid growth of the business. In 2025, revenue of the Two Wings business reached RMB14,985 million and accounted for 14.9% of our overall operating revenue, an increase of 1.2 percentage points over the same period last year.

Smart Tower business. Focusing on spatial digital intelligence governance and leveraging ourrich resources and capabilities, we continued to enhance our Smart Tower business, achievingrevenue in excess of RMB10 billion. We continued to deepen our presence in key industries andscenarios, steadily increasing market share in key areas such as straw burning prohibition, farmlandprotection, and disaster alert. We advanced our nationwide distributed platform, optimizingalgorithm service capabilities for mid-to-high point scenarios, with further improvements inplatform response speed, algorithm accuracy, and application availability. We maintained our focuson implementing the “AI+” special project, promoting the application of large models for spatialdigital intelligence governance, which were included in the first batch of strategic high-value AIscenarios for central state-owned enterprises. Customers are always at the center of everything wedo. Therefore, we strengthened the development of product iterations, construction delivery,and operation and maintenance support, as well as expanding our integrated technical support teams,with an aim to respond actively and promptly to customers’ needs. In 2025, our Smart Tower business generated revenue of RMB10,172 million, up by 14.2% year-on-year, among which, revenue from our Tower Monitoring business reached RMB6,327 million, accounting for 62.2% of the Smart Tower business revenue.

Energy business. We focused on key business segments such as battery exchange and powerbackup. By improving refined operations and strengthening core capabilities and competitiveadvantages in products, services, and platforms, we continued to develop our specialty in theEnergy business. For the battery exchange business, we continued to expand our share in the fooddelivery mass market while accelerating the expansion of our corporate customer base, resulting instable user growth. As at 31 December 2025, we had approximately 1.477 million battery exchangeusers, an increase of 173,000 since the end of 2024, further solidifying our leading position inthe low-speed electric vehicle battery exchange market. We accelerated the construction of acommunity-based low-speed electric vehicle charging facility network while optimizing operationalefficiency, resulting in expanded service coverage and user scale. For the power backup business,we continued to focus on pivotal industries and our premium customer base, creating the ChinaTower “energy butler” integrated industry solutions and enhancing the value of our “energy butler”brand. In 2025, our Energy business achieved revenue of RMB4,813 million, a year-on-year increase of 7.5%, of which the battery exchange business accounted for RMB3,029 million, an increase of21.2% year-on-year, and with its contribution to the Energy business reaching 62.9%.

Innovation strategy resulted in remarkable technology empowerment

We made concrete progress in developing the “four lists” working mechanism of competencies and capabilities, task and project planning, resource allocation, and the commercialization of research outcomes. Focusing on the “One Core and Two Wings” businesses, we continued to intensify our efforts to address the challenges in key and core technologies, and accelerated the transformation of technological achievements to inject new momentum into high-quality business development. In 2025, our R&D investment and the number of R&D personnel increased by 82% and 22% respectively, compared to 2024. The number of patent applications and the cumulative number of patent authorizations increased by 77% and 54%, respectively, compared to the year before. We participated in the formulation of multiple international standards. A range of innovative products were commercialized and deployed at scale such as shared micro repeaters, monitoring platforms, and “one code for all”. Our technological innovation system continued to strengthen, as shown in the high-quality construction and development of six regional technological innovation centers, the expansion and quality improvement of joint innovation platforms, and the steady enhancement of innovation efficiency and performance.

Mr. Zhang Zhiyong, Chairman of China Tower said, “In 2025, we remained focused on high-quality development, promoting stability through progress while improving quality and efficiency. As a result, throughout the year our business maintained healthy, steady growth and demonstrated a positive outlook. Looking ahead, we will continue to uphold the philosophy of resource sharing and adhere to the “One Core and Two Wings” strategy to further enhance our core competitiveness, promote high-quality development, and create value for shareholders, customers, and society.”

[1] EBITDA is calculated by operating profit plus depreciation and amortization.

[2] EBITDA margin is calculated by dividing EBITDA by operating revenue, and multiplying the resulting value by 100%.

[3] Free cash flow is the net cash generated from operating activities minus the capital expenditures.

[4] Gearing ratio is calculated as net debts divided by the sum of total equity and net debt, then multiplying the result by 100%. Net debt is calculated as the amount of interest-bearing liabilities minus the amount of cash and cash equivalents.

Hashtag: #ChinaTower

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

About China Tower (Stock Code: 0788.HK)

China Tower is the world’s largest telecommunications tower infrastructure service provider, and the Company always adheres to the philosophy of shared development and implements the “One Core and Two Wings” strategy. The Company is principally engaged in the construction, maintenance and operation of base station ancillary facilities such as telecommunications towers, public network coverage in railway tunnels and subways, and large-scale indoor Distributed Antenna Systems (DAS). Meanwhile, relying on unique resources to provide energy application services such as information application and intelligent battery exchange and power backup to the society, the Company strives to build itself into a world-class integrated digital infrastructure service provider, and a highly competitive information and new energy applications provider. As of the end of 2025, the Company’s total assets amounted to RMB336,579 million. China Tower operated and managed 2.119 million tower sites across 31 provinces, municipalities and autonomous regions in the PRC, and served over 3.856 million tenants with the tenancy ratio of 1.79.

S&P Global has indicated that four major Gulf real estate developers under its coverage are unlikely to face liquidity strain despite heightened geopolitical tensions linked to the US-Israel confrontation and instability involving Iraq, underscoring continued financial resilience across the sector. The rating agency assessed Dubai-listed Emaar Properties alongside PNC Investments, Omniyat Holdings and Damac Real Estate Development, concluding that their funding profiles, access to capital markets and […]

Arabian Post Staff -Dubai Qatar Development Bank has launched a package of emergency financing measures aimed at stabilising supply chains and supporting businesses in food and healthcare sectors as geopolitical tensions in the Middle East strain trade flows and drive up costs. The state-backed lender is introducing targeted programmes to ease access to credit for wholesalers, retailers and manufacturers grappling with inventory shortages and rising input prices. […]

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 18 March 2026 – Inspired by the values of compassion and the importance of sharing rezeki (blessings) during this blessed month, AEON Bank, Malaysia’s first digital Islamic bank, has brought to life its Ramadan and Syawal campaign themed “Niat di Hati, Budi Terpateri.”
The campaign is anchored on the principle that good intentions (niat yang baik), when demonstrated through kind and thoughtful actions (amal budi yang indah) will lead to meaningful outcomes. This theme is brought to life through a self-produced Ramadan Aidilfitri 2026 brand video, available on the Bank’s official YouTube channel.

NIAT TO EMPOWER THE COMMUNITY : SALAM PRIHATIN 4.0

The beneficiaries of Salam Prihatin 4.0, alongside the committee of Pertubuhan Kebajikan Masyarakat Penyayang Lembah Pantai (PERKEMP), senior leadership of AEON Bank and AEON BiG, and AEON Bank’s volunteers
The beneficiaries of Salam Prihatin 4.0, alongside the committee of Pertubuhan Kebajikan Masyarakat Penyayang Lembah Pantai (PERKEMP), senior leadership of AEON Bank and AEON BiG, and AEON Bank’s volunteers

As part of its Shared Value Creation (SVC) commitment, AEON Bank continues to drive its flagship community impact initiative, Salam Prihatin.

Targeted Support and Value Added Impact

This year, Salam Prihatin 4.0 engaged 100 households, amounting to more than 400 beneficiaries from the community Perumahan Pantai Permai, Kuala Lumpur. The engagement was held on 3 March 2026, in collaboration with AEON BiG Wangsa Maju and a local NGO, Pertubuhan Kebajikan Masyarakat Penyayang Lembah Pantai (PERKEMP) Lembah Pantai.

Fostering Financial Inclusion and Enabling Budget Savvy Autonomy Among the Beneficiaries

Fostering financial inclusion among the community, the beneficiary families were guided by AEON Bank team to plan for purposeful purchase of grocery and essential items, giving them the autonomy to optimise their budget, based on the needs of their respective families – be it multigenerational households, or families with small children or those caring for persons with disabilities (PWD).

Each beneficiary family received a RM300 grocery budget, which rounded up AEON Bank’s contribution this year to RM30,000 in total. In order to assist the families with their grocery shopping on the event day, more than 50 of AEON Bank employees, including the Bank’s senior leadership, were paired up with the families during the engagement. To date, AEON Bank has engaged almost 2,000 beneficiaries throughout 4 years, under its Salam Prihatin community impact initiative.

Now in its fourth year, AEON Bank has engaged almost 2,000 beneficiaries throughout 4 years, under its Salam Prihatin community impact initiative.

NIAT TO BE MORE RINGGIT SAVVY : SMART SAVINGS AND VALUE ADDED REWARDS

In the effort to help Malaysians manage the rising cost of living, AEON Bank has introduced several financial tools in its digital banking app and meaningful rewards for its customers, including :

(i) Neko Sensei : AEON Bank’s very own in-app financial coach designed to empower customers to track and manage their finances wisely.

(ii) RM30 Raya Cashback : Customers can earn RM30 cashback when paying with their AEON Bank Debit Card-i at stores participating in the MyDebit campaign, valid from 1 February to 15 April 2026.

(iii) Competitive Rate for Savings Pot : Enjoy a high 3.00% p.a. profit rate for the Savings Pot to help keep your financial goals on track, valid until 31 May 2026.

(iv) Personal Financing-i (PF-i) : Financing options from RM1,000 to RM100,000 with a profit rate starting at 3.88% p.a. and flexible tenures from 3 to 84 months. PF-i application process fully takes place online via the app, available to Malaysians with a minimum monthly gross income of RM2,500 including salaried employees, self-employed individuals, freelancers and gig economy workers.

(v) Neko Missions : A gamified digital banking experience that offers RM5 cashback for DuitNow QR transactions via AEON Bank app, valid until 15 May 2026.

(vi) JomPay : Customers can also make their JomPay transactions, including telco and utility bills via the AEON Bank app. providing a centralised platform for all essential online payments.

(vii) Inclusivity and Flexibility : Effective 17 March 2026, AEON Bank has removed the minimum balance requirement, ensuring Shariah-compliant digital banking is more inclusive and accessible for Malaysians.

NIAT TO FULFILL RELIGIOUS OBLIGATIONS : SAH AND SEAMLESS ZAKAT PAYMENT VIA AEON BANK APP

Starting from the month of Ramadan this year, Zakat payment feature has been made available on the AEON Bank app. With just a few easy steps, customers can fulfill the contribution for 11 types of Zakat with a sah Aqad, including Zakat Fitrah, Zakat Pendapatan (Income), Zakat Perniagaan (Business), Zakat Emas (Gold) and more.

Made possible through the strategic partnership with Tulus Digital, the Zakat payment feature currently facilitates payments to Lembaga Zakat Selangor and PPZ-MAIWP, with more states and Zakat authority to be added in the near future.

NIAT TO BRING DIGITAL BANKING TO THE MASSES : O2O WONDERS

Beyond the digital screens, throughout four weeks of Ramadan, AEON Bank brought the O2O (online to offline) wonders to the crowd at the Bazaar Ramadan Seksyen 2 and 23, Shah Alam, in partnership with Persatuan Penjaja & Peniaga Kecil Melayu Negeri Selangor (PPPKMNS). On 16 March 2026, from 4.00 pm onwards, come on over to the Bazaar Ramadan Seksyen 23 and stand a chance to win AEON Bank merchandise and surprise goodies.

Better Banking – The Digital Way, Better Banking – The Shariah Way

As a cloud-native AI-powered digital bank, AEON Bank remains dedicated in its commitment to provide accessible financial solutions for Malaysians, while empowering communities to pursue their financial aspirations and achieve economic independence. Striving to foster a more inclusive financial future for all, AEON Bank will continue to offer a better banking experience for the larger demographic and contribute towards the development of Islamic banking in the region and the nation’s digital economy.

Click HERE to visit AEON Bank’s website and download the AEON Bank app. Don’t forget to view AEON Bank’s Ramadan Aidilfitri 2026 video, available on the Bank’s official YouTube channel.

Hashtag: #AEONBank



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

ABOUT AEON BANK (M) BERHAD

AEON Bank (M) Berhad is the first digital Islamic bank in Malaysia, licensed and regulated by Bank Negara Malaysia and the Ministry of Finance. Officially launched on 26 May 2024, we currently offer a suite of Shariah-compliant products and services under the Personal Banking and Business Banking (AEON Bank Biz).
Our Personal Banking offerings are 100% accessible via the AEON Bank app, namely the deposit Savings Account-i, AEON Bank x Visa Debit Card-i, Personal Financing-i, Term Deposit-i, Savings Pots, DuitNow QR, utility bill payments, personal financial management and budgeting tools with Neko Sensei, and a range of digital payment services with strategic partners and merchants, as well as Neko Missions, Malaysia’s first gamified digital banking interactive rewards programme.
On 8 August 2025, AEON Bank (M) Berhad officially launched AEON Bank Biz, anchored by the Current Business Account-i and integrated cash management capabilities, alongside Biz Term Deposit-i. AEON Bank Biz offers streamlined processes for account onboarding, credit assessments and financial services, utilising AI-driven fintech solutions to enable simplified procedures, faster approvals, and an enhanced digital banking experience for SMEs and micro entrepreneurs.
Being part of the AEON Group conglomerate, AEON Bank (M) Berhad is equally held by AEON Financial Service Co. Ltd. (AFS Japan) and AEON Credit Service (M) Berhad (ACSM). AFS Japan is responsible for the AEON Group’s financial services businesses, with strong roots in the retail sector which operates in Japan and 10 countries across Asia. AEON Group is Japan’s largest retail group and it is a pure holding company that comprises eight core businesses.
AEON Group Malaysia consists of several entities, namely, AEON Co. (M) Bhd, AEON Credit Service (M) Berhad, AEON Bank (M) Berhad, AEON BiG (M) Sdn Bhd, AEON Fantasy (M) Sdn Bhd, AEON Delight (M) Sdn Bhd, AEON Global Supply Chain Sdn Bhd and Malaysian AEON Foundation (MAF). AEON Group has been a recognizable household brand with more than 200 years of history and evolution in Japan since the Edo era, along with 4 decades of growth in Malaysia, providing consumers with daily financial solutions and diversified retail convenience.
Our cloud native agility and AI optimisation, combined with the strength of our Shariah DNA, Malaysian roots and Japanese heritage are our distinguishing factors, while the integration with the AEON ecosystem gives us a competitive advantage of being the only bank in Malaysia with its own nationwide retail network. On top of that, AEON Points loyalty programme offers customers value-added benefits and meaningful rewards, as the AEON Points can be redeemed into cash value, deposited directly into customers’ AEON Bank Savings Account-i.
AEON Bank (M) Berhad is committed to provide accessible financial solutions for Malaysians and we aim to empower the community in pursuing their financial aspirations and achieve economic independence, hence fostering a more inclusive financial future for all. We will continue to contribute towards the Islamic banking development in the region and the nation’s digital economy.

New Takaful travel product launched in same month to celebrate life’s journeys

SINGAPORE – Media OutReach Newswire – 18 March 2026 – Etiqa Insurance Singapore, a leading general and life insurer, returns to the National Association of Travel Agents Singapore (NATAS) Travel Fair 2026 as the Official Travel Insurer for the fifth consecutive year. Themed “Be A NATAS World Traveller”, Singapore’s largest premier travel fair will be held at the Singapore Expo Hall from 27 to 29 March 2026, offering exciting promotions for travellers.

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Customers can enjoy special promotions exclusively available at the NATAS Fair. With up to 45 per cent off Etiqa Travel Infinite and a special $100 shopping voucher given to every 200th customer, Etiqa continues to make travel insurance more rewarding to all valued customers.

In addition, every customer will receive a complimentary gift with every purchase. From must-have travel essentials such as a versatile sports duffel bag, to a portable cooling fan to keep you cool on holiday, every traveller can enhance their journey with added convenience.

Celebrating Life’s Journeys with the Launch of Travel Takaful

In the same celebratory month, Etiqa is simultaneously extending its “With You” brand promise to the wider community. Beyond the excitement at NATAS Travel Fair, Etiqa is proud to announce the launch of Travel Takaful, a Shariah-compliant travel protection plan designed to support world travellers across different life stages — whether travelling for leisure, family commitments, or Umrah journeys.

“At Etiqa Insurance Singapore, we are committed to being With You, at every stage of life and on every journey. Our continued partnership with NATAS reflects our commitment to helping travellers explore the world with confidence, while the launch of Travel Takaful extends inclusive, Shariah-compliant protection to customers seeking values-based coverage. Whether travelling for leisure, business, or faith-based journeys, we want Singaporeans to travel with complete peace of mind,” said Claudia Soh, Acting CEO and CFO of Etiqa Insurance Singapore.

Guided by Takaful principles of shared responsibility and mutual care, Travel Takaful provides comprehensive coverage for overseas medical needs and unexpected travel disruptions:

  • Comprehensive Medical Support: Coverage for overseas medical expenses ranging from S$200,000 to S$2.5 million, supported by Etiqa’s 24-hour worldwide emergency assistance.
  • Trip Cancellation Coverage: Trip cancellation coverage of up to S$20,000 to mitigate unexpected changes in travel plans.
  • Tailored for All Stages: Optional add-ons for pre-existing medical conditions and senior protection, offering flexibility for multi-generational travel.

By expanding its portfolio with this new offering, Etiqa reinforces its commitment to serving Singapore’s diverse community with inclusive and meaningful protection solutions, that aligns with values-driven financial planning.

Enjoy journeys with Etiqa Insurance Singapore this March:

  • Visit the NATAS Fair (Booth 4H49 at Singapore Expo Hall 4 and 5): For exclusive Travel Infinite discounts, complimentary travel gifts, and the chance to win special shopping vouchers.
  • Explore the full suite of travel insurance products online: To learn more about the newly launched Travel Takaful and secure Shariah-compliant protection for your next journey, visit us at etiqa.com.sg.

*Terms and Conditions
This policy is underwritten by Etiqa Insurance Pte. Ltd. (Company Reg. No. 201331905K), a member of Maybank Group. This content is for reference only and is not a contract of insurance. Full details of the policy terms and conditions can be found in the policy contract. Protected up to specified limits by SDIC.

Hashtag: #EtiqaSingapore #EtiqaSG

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

About Etiqa Insurance Pte. Ltd (Etiqa Insurance Singapore)

Protecting customers since 1961, Etiqa Insurance Singapore is a licensed life and general insurance company regulated by the Monetary Authority of Singapore (MAS) and governed by the Insurance Act 1966. The local insurer is the Singapore operating entity of Etiqa Insurance Group – a leading insurance and Takaful business in ASEAN offering life and general insurance and family and general Takaful products through its agents, branches, offices and bancassurance network in the region. Etiqa Insurance Singapore is rated ‘A’ by credit rating agency Fitch for the group’s ‘Favorable’ business profile and ‘Very Strong’ capitalisation.

Etiqa Insurance Singapore is owned by Maybank Ageas Holdings Berhad, a joint venture company that combines local market knowledge with international insurance expertise. The company is 69% owned by Maybank, the fourth largest banking group in Southeast Asia, and 31% by Ageas, an international insurance group with footprints across 13 countries and a heritage that spans over 190 years.

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RYO YAMADA
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