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Hosting New Energy Summit to Connect Global Experts Insights on New Energy Landscape

HONG KONG SAR – Media OutReach Newswire – 13 March 2026 – Centre of Advanced Power and Autonomous Systems (APAS), under the Hong Kong Productivity Council (HKPC),made its debut at The Battery Show Asia held from 10 to 12 March. During the exhibition, APAS set up a dedicated showcase area to present eight innovative battery technology solutions featuring high safety standards and intelligent capabilities for the first time. In parallel, APAS hosted the second edition of the New Energy Summit during the exhibition. The summit brought together five industry experts and scholars from Hong Kong, Singapore, Thailand, India and Switzerland to deliver speeches on various topics related to new energy and energy storage. Speakers shared the latest industry developments and application trends, fostering international technology exchange and collaboration.

Mr Yonghai DU, Chief Innovation Officer of HKPC and General Manager of APAS, said, “In line with the strategic priorities set out in the outline of the 15th Five-Year Plan for emerging and future industries such as new energy, advanced energy storage and hydrogen energy, energy technologies are entering an unprecedented period of growth. The outline also emphasise the pursuit of smart, green, and integrated development of industry, injecting long-term momentum for the new energy development. For many years, HKPC has been committed to market-led technology R&D. APAS focuses on areas including new energy technologies, green transportation, smart mobility, intelligent systems and emerging applications, actively translating research outcomes into market-ready solutions to help industries enhance technological capabilities and industrial value.”

He added, “Through this international platform, we hope to strengthen our collaboration with enterprises and research institutions from around the world. Hong Kong can play a more proactive role as a connector between Chinese Mainland and the global market in the development of innovation, international standards and the practical application of new energy technologies, thereby enhancing the city’s global competitiveness in the new energy industry. Looking ahead, APAS will continue to focus on research and practical applications in new energy and intelligent systems, while advancing technological innovation and cross-regional collaboration to support both the nation and Hong Kong in fostering emerging industries and future industries.”

First Participation in The Battery Show Asia, Highlighting Battery Technology Achievements

The Battery Show Asia brings together more than 20,000 industry representatives from Chinese Mainland, Japan, Korea, Southeast Asia, India, Europe and the United States, including policymakers, technology innovators, engineers, manufacturers and industry experts. Covering battery manufacturing, energy storage solutions and new energy transportation industries, the exhibition serves as an international platform integrating technology showcase, industry exchange and business collaboration.

In its first participation in the exhibition, APAS showcased its research strengths in new energy technologies and emerging applications by presenting a range of innovative battery technology solutions. The showcase aims to contribute to the development of the battery industry while providing an important platform for Hong Kong to connect with global technologies and markets, facilitating cross-regional exchange and collaboration.

APAS set up a dedicated exhibition area to present several research outcomes developed in collaboration with industry partners, including:

• Battery Cell Technologies:
  • High-performance Sodium-ion Battery: Using stable poly-anionic phosphate cathode, the battery enables rapid storage and release of sodium-ions while offering high safety and cost efficiency. It is suitable for applications such as low-speed electric vehicles, power batteries and large-scale energy storage. Looking ahead, APAS will collaborate with industry partners to establish large-scale production capabilities for high-performance sodium-ion battery, further optimising its performance and cost-effectiveness while exploring deployment in low-speed electric vehicles and utility-scale energy storage systems.
• Battery Systems and Solutions:
  • Explosion-Proof High-Energy Battery Systems:This solution features proprietary safety technology that prevents thermal runaway, delivering reliable power in the most challenging environments, engineered for demanding marine and portable power applications. APAS will assist partners in optimising battery module design and thermal management systems to enhance product performance and align R&D processes with industry standards. This will support partners in establishing manufacturing facilities in Hong Kong and expanding into overseas markets.
  • Yacht Battery System: The system integrates advanced solid-state battery technology with an intelligent Battery Management System (BMS) to eliminate risks associated with traditional liquid electrolytes, including leakage, corrosion and thermal runaway. It is specifically designed to withstand the high-humidity, high-vibration and salt-spray conditions inherent to open-water yacht operations. APAS is currently supporting partners in obtaining international battery standard certifications to facilitate entry into the global market.

These solutions feature high safety standards, intelligent capabilities, and flexible applications. They support a wide range of sectors, including electric transportation and smart mobility, marine and industrial applications, specialised equipment, aerospace and high-end manufacturing, medical devices, consumer electronics, home assistive equipment and portable energy storage for travel.

Hosting New Energy Summit to Jointly Build a Sustainable Future

During the exhibition, APAS also hosted the second New Energy Summit, which brought together industry leaders and academic experts from Hong Kong, Singapore, Thailand, India and Switzerland. The summit focused on key topics related to new energy development and applications, providing a platform for speakers to share insights and engage in discussions with industry professionals in attendance.

The summit focused on two key themes — new energy and advanced materials — bringing together global experts to explore technological development and industrial applications. In the new energy sector, a representative from The Hong Kong and China Gas Company Limited introduced innovative hydrogen energy technologies and their potential applications in promoting clean energy development in Hong Kong. Representatives from energy technology companies and alliances in Switzerland, India and Thailand shared the latest trends and practical applications in energy storage technologies, as well as the integration of renewable energy with smart infrastructure. In the field of advanced materials, a scholar from the Department of Materials Science and Engineering at the National University of Singapore highlighted the critical role of nanotechnology in energy and sustainable development, offering insights into the future landscape of sustainable new energy.

Through this cross-regional and cross-industry platform, APAS aims to promote international technology exchange and collaboration, accelerate the application of new energy technologies and drive industry transformation, contributing to a more resilient and sustainable future energy ecosystem.

Advancing Technologies onto the Global Stage, Reinforcing Hong Kong’s Connectivity Advantages

HKPC actively participates in various international exhibitions and industry exchange activities to showcase innovative solutions co-developed with industry partners. Leveraging Hong Kong as a platform, HKPC supports enterprises in expanding into international markets and advancing cutting-edge technologies and standards worldwide.

Through international exhibitions and collaboration initiatives, HKPC further strengthens Hong Kong’s role as an important connector between Chinese Mainland and the world. In line with the Government’s 2026-27 Budget to attract large-scale international exhibitions to Hong Kong and promote the city’s exhibition brand globally, HKPC will continue to participate in international exhibitions and foster industry exchanges to drive innovation showcase and collaboration.

Hashtag: #APAS

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

About Centre of Advanced Power and Autonomous Systems (APAS)

Centre of Advanced Power and Autonomous Systems (APAS) (formerly Automotive Platforms and Application Systems R&D Centre) was established in 2006 and is fully integrated as a business division under HKPC on 1 April 2025. APAS continues to undertake market-led R&D programmes spanning green transportation, smart mobility, intelligent systems and emerging applications, as well as commercialises R&D results in collaboration with industry, universities and technology institutes to enhance the competitiveness of Hong Kong’s automotive and other transportation sectors in new energy and smart driving.

About Hong Kong Productivity Council

The Hong Kong Productivity Council (HKPC) is a statutory body established in 1967, dedicated to enhancing the productivity and competitiveness of Hong Kong enterprises through world-class applied R&D, innovative technology services, and integrated manufacturing solutions. As a market-oriented, international R&D organisation, HKPC leverages its deep expertise and extensive industry experience in key areas such as AI, advanced manufacturing, life and health technology, green technology and new energy to drive new industrialisation and support the growth of emerging and future industries.

HKPC focuses on addressing businesses challenges and industrial technology needs, promoting the full integration between technological and industrial innovation. Through technology transfer, product innovation, intellectual property protection and commercialisation of R&D outcomes, the Council fosters collaboration with the local business community as well as top global R&D institutions, delivering added value to industries and advancing the development of new productive forces. HKPC’s world-class R&D achievements have been widely recognised over the years, winning an array of local and overseas accolades, reinforcing Hong Kong’s role as an international innovation and technology centre and a smart city.

To help enterprises capitalise on Hong Kong’s strengths in international connectivity to expand into global markets, HKPC offers comprehensive overseas expansion services tailored to critical areas including product development, technology, manufacturing, and management, enabling businesses to successfully go global from Hong Kong.

HKPC is also committed to providing timely and practical support to SMEs and startups with timely and practical, assisting them in accessing Government funding programmes. Through its FutureSkills training initiatives, HKPC helps both industry and academia stay ahead in latest digital and STEM technologies, nurturing a future-ready talent pool for Hong Kong.

For more information, please visit HKPC’s website: www.hkpc.org/en.

Authorities have authorised the wider use of alternative fuels to ease the strain on liquefied petroleum gas and natural gas networks after disruptions to shipments from West Asia tightened availability and drove up prices. The shift marks a temporary reversal of a decade-long policy drive aimed at replacing traditional fuels such as coal, wood and kerosene with cleaner LPG and piped gas.

Officials say the measures are designed to shield households from the worst effects of the supply squeeze while allowing industries and commercial establishments to adapt by switching to alternative fuels. Hospitality businesses, restaurants and small manufacturers have been among the first to face curbs on LPG allocations as authorities prioritise residential supply. Environmental regulators have advised state pollution control boards to permit the temporary use of biomass, kerosene, refuse-derived fuel pellets and coal in certain sectors to maintain operations during the shortage.

The supply stress is linked to the conflict in West Asia, which has disrupted energy shipments through the Strait of Hormuz, a crucial corridor for crude oil, liquefied petroleum gas and liquefied natural gas moving from the Gulf to Asian markets. The country imports a large share of its LPG needs and has limited strategic reserves of the fuel, leaving the domestic market exposed to sudden supply shocks and price spikes when global trade routes are interrupted.

Government agencies have sought to reassure consumers that domestic cooking gas deliveries remain stable even as authorities adopt contingency measures. Emergency powers have been invoked to instruct refiners to maximise LPG production, diverting propane and butane toward household cooking fuel and away from petrochemical uses. Oil marketing companies have also tightened commercial sales and redirected supplies to residential consumers, a move affecting hotels, restaurants and other energy-intensive sectors.

As part of the response, officials have increased allocations of kerosene to states through the public distribution system to ensure access for households that depend on subsidised fuels. Additional supplies of the product are being released to meet growing demand in areas where LPG refills have become harder to secure.

Energy analysts say the sudden return to older fuels underscores the complexity of managing the transition to cleaner energy sources in a country with rapidly rising consumption. Over the past decade, policies promoting LPG connections for low-income households helped drive a significant decline in the use of biomass and kerosene for cooking, improving public health outcomes and reducing indoor air pollution. Programmes designed to expand LPG access reached tens of millions of homes and sharply increased the penetration of modern cooking fuels in rural regions.

Yet the current disruption reveals how heavily the system relies on global supply chains. Nearly two-thirds of the country’s LPG consumption is met through imports, with a substantial portion arriving from Gulf producers. When shipments are delayed or rerouted, domestic supply can tighten quickly, forcing policymakers to intervene to stabilise markets and protect vulnerable consumers.

Industry groups warn that sustained disruptions could place additional strain on manufacturing and services, particularly sectors that rely heavily on natural gas or LPG for process heat. Fertiliser plants, petrochemical complexes and small industrial units have already faced adjustments to gas allocations, and some facilities have reduced operations as fuel availability fluctuates.

Energy companies have responded by diversifying import sources in an effort to offset supply disruptions from the Gulf. Cargoes are being sourced from producers in North America, Europe and other regions as traders seek alternative routes and suppliers. This diversification strategy is intended to reduce dependence on any single supply corridor and cushion the domestic market from geopolitical shocks.

At the same time, officials are urging consumers and businesses to conserve fuel where possible and avoid panic buying. Authorities have intensified monitoring of fuel distribution channels to prevent hoarding and black-market sales, which can worsen shortages and inflate prices during periods of uncertainty.

Environmental experts note that the temporary return to dirtier fuels may carry consequences for air quality and emissions if prolonged. Burning kerosene, coal and biomass releases higher levels of particulate matter and greenhouse gases compared with LPG, potentially undermining progress made through clean cooking initiatives.

Policy planners therefore face a delicate balancing act: ensuring reliable energy supplies for households and industry while maintaining momentum toward cleaner fuels and reduced emissions. The current crisis has renewed debate among energy economists over the need for larger strategic reserves of LPG and natural gas, as well as expanded domestic production and storage capacity to cushion future shocks.

• Strategic Investment of S$3-5 billion in Singapore to advance AI-ready data centre developments, supporting over 2 GW of AI-ready capacity globally, and driving technological innovation with international ecosystem partners.
• First-mover advantage as one of Asia Pacific’s top three hyperscale data centre developers, with proven track record delivering large-scale campus developments in Malaysia, Thailand and India, supporting regional AI and cloud demand.
• Pioneering sustainable energy solutions, including Singapore’s first floating hydrogen power generation model leveraging the nation’s strengths in maritime transport, port infrastructure and global energy supply chains and research into nuclear energy as a future clean power source for data centres.
• Building an integrated innovation ecosystem in Singapore through partnerships with universities, research institutions and global technology companies, while supporting job creation and talent development initiatives for around 3,000 students and professionals.

SINGAPORE – Media OutReach Newswire – 12 March 2026 – Bridge Data Centres (BDC), a Singapore-headquartered digital infrastructure platform backed by Bain Capital, has announced ambitious plans to invest S$3-5 billion in Singapore to advance next-generation digital infrastructure and strengthen the country’s position as a leading AI and cloud hub in Asia Pacific.

BDC had announced its new strategic brand identity in early 2026 that reflects the Company’s position of being a leading hyperscale and AI-infrastructure builder with a growing network of mega-campus developments in Asia Pacific. With close to a decade of experience developing high quality data centres, BDC’s new brand identity reflects BDC’s reputation as platform built on disciplined execution, certainty of delivery, and the ability to scale with customers.

As AI and high-density workloads accelerate across Asia Pacific, customers are looking for partners who can offer world-class capabilities and local agility, provide bespoke solutions at scale, and deliver and operate with a proven track record.

With Singapore serving as its global headquarters, BDC is uniquely positioned to support hyperscale customers and global technology companies seeking high-performance, sustainable and scalable data centre platforms across Asia Pacific, while enabling global technology companies to establish and expand their presence in Singapore as they develop AI and digital capabilities in the region.

Over the past decade, BDC has established itself as one of Asia Pacific’s leading digital infrastructure developers and operators. The Company currently operates and develops hyperscale campuses across Malaysia, Thailand and India.

Building on strong relationships with global hyperscale customers and ecosystem partners, BDC is on track to expand its regional capacity to approximately 2 GW by 2030.

By deepening its investments in Singapore, BDC aims to support customers seeking world-class digital infrastructure expertise, strong technology partnerships and integrated energy solutions that enable the sustainable growth of AI workloads.

First-mover advantage

BDC is among the first data centre developers to foray into Malaysia, where the Company has several large-scale data centre campuses – both operational and under development.

BDC’s flagship MY06 campus is the Company’s first project in Johor, as well as the state’s first hyperscale data centre development. In addition, BDC is the first data centre developer in Southeast Asia to adopt a build-to-suit (BTS) model for hyperscale data centre construction. BDC was also among the first hyperscale operators in the region to deploy advanced liquid cooling technologies at scale, including cold plate liquid cooling, to support high-density and AI-driven workloads. BDC’s suite of sustainability initiatives at MY06 enabled the facility to achieve an annualised Power Usage Effectiveness (PUE) of below 1.2.

BDC is also the first in Southeast Asia to incorporate Prefabricated, Prefinished Volumetric Construction (PPVC) construction, an innovative method that assembles large building sections off site. This enabled BDC to complete MY06 within eight months, which is 40 per cent faster than traditional methods, while reducing on-site dust, waste and noise. This strategy is one of BDC’s key competitive advantages to support the growing needs of hyperscale customers in the region, including Singapore, who need to rapidly scale to meet increasing demand for more capacity to power AI-workloads.

BDC has built Malaysia’s first large-scale Water Treatment Plant (WTP) to treat effluent and convert it into high grade effluent water to cool its upcoming 400MW campus in Ulu Tiram, Johor. The WTP applies advanced Membrane Bioreactor (MBR) and Reverse Osmosis (RO) technologies to deliver superior water recovery and quality. Since commencing operations in 2025, the WTP has been significantly reducing reliance on potable water. It further strengthens the long-term resilience of BDC’s operations and supports Johor’s broader environmental agenda.

The WTP has also attracted interest from regional public agencies. In 2025, BDC hosted a technical visit by representatives from PUB, Singapore’s National Water Agency, who were presented with an overview of the plant’s design and its use of advanced membrane technologies for sustainable water reuse in data centre operations.

BDC’s MY-06 Campus (Building 1) has achieved Singapore’s BCA Green Mark Platinum Award granted under the BCA-IMDA Green Mark International for Data Centres 2024 (GMDC: 2024) framework. The BCA Green Mark Award recognises developers, building owners and individuals who have made outstanding achievements in environmental sustainability in the built environment. BDC is the first data centre operator to achieve this recognition for a facility based outside of Singapore. Beyond project certification, BDC has also signed a Memorandum of Understanding with BCA International (BCAI) to support the international adoption of Singapore’s Green Mark standards in global data centre developments. Through this partnership, BDC will promote Singapore’s sustainable building standards globally while reinforcing the country’s position as a leading AI and green digital infrastructure hub in the region.

These capabilities are aligned with Singapore’s Green Data Centre (DC) Roadmap, which emphasises energy efficiency, sustainable resource use and the integration of green energy to support the growth of digital infrastructure. BDC’s experience in delivering high-efficiency campuses positions it well to contribute to these objectives through practical, deployable solutions.

Pioneering energy solutions

As AI workloads drive the rapid expansion of digital infrastructure, energy resilience, data security and sustainability are becoming increasingly important. BDC is advancing a range of initiatives to explore alternative energy pathways and strengthen long-term power strategies.

A key collaboration is with Concord New Energy (CNE), where the partners are jointly developing Singapore’s first floating hydrogen power generation solution tailored for next-generation AI digital infrastructure, marking a significant milestone in advancing low-carbon energy pathways for the data centre sector.

BDC and CNE will also collaborate with Nanyang Technological University (NTU) to support the development of Singapore’s hydrogen ecosystem, accelerating research, engineering and the deployment of scalable clean energy technologies for digital infrastructure applications.

In addition, BDC is working with Singapore’s Agency for Science, Technology and Research Institute of High Performance Computing (A*STAR IHPC) and HY to evaluate the potential of nuclear energy as a long-term clean power source for data centres.

BDC’s alliance with A*STAR IHPC and HY will leverage advanced modelling and engineering expertise to explore innovative low-carbon energy pathways that will support Singapore’s sustainable digital growth while reinforcing the nation’s position as a trusted global technology hub.

BDC has also established partnerships with global leaders in energy and energy storage technologies, including CATL, EcoCeres, SK Innovation. Through these collaborations, the partners will jointly explore the establishment of innovation and research platforms to advance the development and pilot deployment of clean energy solutions such as hydrogen and biomass energy, as well as next-generation energy storage technologies designed for tropical climates. These initiatives aim to enhance thermal management, improve safety performance and increase the power density of data centre energy storage systems.

These collaborations and pilot initiatives will also contribute to talent development and workforce capability building in Singapore’s digital infrastructure and energy sectors. Through joint research programmes, technology pilots and knowledge exchange with universities, research institutions and industry partners, BDC aims to support the development of specialised expertise in areas such as advanced energy systems, sustainable data centre design, and next-generation cooling and energy storage technologies.

The initiatives are also expected to create high-value job opportunities in Singapore, spanning engineering, energy systems research, digital infrastructure operations and advanced technology development. By nurturing local talent and strengthening cross-disciplinary capabilities, these efforts will help build a robust talent pipeline to support Singapore’s growing AI and digital infrastructure ecosystem.

These partnerships represent a strategic step in BDC’s long-term roadmap to diversify power sourcing pathways, enhance energy security, and future-proof its Singapore data centre portfolio amid evolving grid constraints and decarbonisation dynamics. They also reinforce Singapore’s position as a regional hub for AI-ready digital infrastructure, while supporting the nation’s broader ambitions in sustainable energy innovation and green economic growth. Furthermore, these advancements accelerate Singapore’s ambition to achieve its net zero emissions goal by 2050.

Advancing technology and ecosystem growth

BDC is also pushing the envelope in innovative and sustainable cooling solutions through collaborations with ecosystem technology partners such as Vertiv, Terahop and Teracule, which are subsidiaries of Zhongji Innolight, as well as Delta Electronics and Supermicro.

Many of these partners are established leaders in data centre cooling, power systems and high-performance computing infrastructure, and are active participants in the broader AI infrastructure ecosystem, working closely with leading chipmakers to support next-generation compute environments.

Through its collaboration with Teracule and Terahop, the subsidiaries of Zhongji Innolight, BDC is exploring opportunities to jointly develop next-generation liquid cooling modules and high-performance optical connectivity solutions tailored for AI data centre environments. By combining Innolight’s expertise in optical modules and high-speed interconnect technologies with BDC’s experience in hyperscale data centre design and operations, the partners aim to advance integrated solutions that enhance thermal efficiency, data transmission performance and system reliability for high-density AI workloads.

The collaboration will also explore the establishment of joint research and development initiatives in Singapore, bringing together industry, academia and research institutions to support innovation in AI infrastructure technologies. Through this industry–academia-research collaboration model, the partners aim to accelerate the development and commercialisation of advanced cooling and connectivity technologies while contributing to Singapore’s broader push to strengthen research, talent development and innovation within the digital infrastructure ecosystem.

Together, these alliances focus on the development of advanced liquid cooling architectures, high-density GPU cooling solutions, and energy-optimised HVAC systems designed to support increasingly compute-intensive workloads. These technologies are critical in enabling the efficient operation of AI infrastructure, particularly as rack densities and thermal loads continue to rise in next-generation data centre environments.

Driving regional connectivity

As a Singapore-headquartered digital infrastructure platform, BDC continues to strengthen Singapore’s position as a regional hub for digital infrastructure and AI-driven innovation. With its highly developed connectivity ecosystem, robust regulatory environment and strong international network links, Singapore plays a central role in enabling the growth of the digital economy across Asia Pacific.

In this context, Singapore serves as one of the primary regional hubs, supporting high-value and latency-sensitive digital services such as edge computing deployments, international data traffic management and regional digital service platforms.

To support the burgeoning demand for AI and cloud computing across the region, complementary infrastructure resources across Asia Pacific can help provide additional capacity for compute-intensive workloads, including AI inference, machine learning and large-scale data processing. This cross-border model enables Singapore to remain the connectivity and innovation anchor of the ASEAN digital ecosystem, while regional infrastructure supports the scaling of digital capacity.

BDC’s collaborations with ecosystem partners, including major telecommunications companies and global technology firms, also help expand connectivity networks beyond Asia Pacific, further reinforcing Singapore’s role as a key regional interconnection hub.

One such ecosystem partner is Zenlayer, a leading global edge cloud and connectivity provider with a well-established customer base across Asia Pacific, North America and Europe. Through this partnership, BDC continues to strengthen its regional and international network connectivity anchored in Singapore.

This expanded network reach supports low-latency cross-border digital infrastructure integration, enabling hyperscalers to scale efficiently across markets while leveraging Singapore as one of the core regional gateways for digital services.

Catalysing Singapore’s AI-driven digital growth

Looking ahead, BDC will continue to leverage its operating model as a glocal platform, combining regional scale with deep local execution capabilities to expand across Asia Pacific. The Company’s strategy focuses on connecting key economic corridors, developing high-density, utility-integrated campuses, and working with ecosystem partners to align digital infrastructure growth with evolving energy pathways.

Anchored in Singapore as its strategic regional hub, BDC’s investments and partnerships contribute to the development of a robust digital infrastructure ecosystem that supports AI-driven workloads and cross-border connectivity.

BDC is also adopting an industry–academia–research collaboration mode， bringing together industry partners, universities and research institutes to accelerate innovation in AI infrastructure, advanced cooling technologies and sustainable energy systems. This integrated approach supports the development of new technologies while nurturing local talent and strengthening Singapore’s innovation ecosystem.

BDC’s initiatives in hydrogen, low-carbon power solutions and energy storage further contribute to the growth of Singapore’s green economy, catalysing investment in sustainable energy infrastructure and support the transition towards lower-carbon digital operations.

BDC’s efforts support the creation of high-value jobs and the development of specialised technical expertise in Singapore, spanning engineering, digital infrastructure and advanced energy systems. In addition, BDC will work with universities, research institutes and industry partners to support talent development initiatives, including internships, training programmes and collaborative research opportunities, contributing to the development of a strong local talent pipeline for Singapore’s AI and digital infrastructure ecosystem.

Collectively, these contributions reinforce Singapore’s position as a leading AI and digital infrastructure hub in Asia Pacific, underpinned by resilient, efficient and sustainable infrastructure.
Hashtag: #BridgeDataCentres #Singapore

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

Bridge Data Centres

Achieving the highest rating for LEED, WELL, and LOTUS; Bringing into society architecture that integrates environmental performance and human wellbeing in response to Vietnam’s growing air quality consciousness

HCMC, VIETNAM – Media OutReach Newswire – 12 March 2026 – Nikken Sekkei Ltd announces that Daikin Air Tower, Daikin’s new head office building in Ho Chi Minh City, Vietnam conceptualized and designed by Nikken Sekkei, achieved the highest Platinum rating for LEED, the global environmental certification, and WELL, the global health certification, as well as LOTUS, Vietnam’s national environmental certification. This is the world’s first building to attain Platinum across all three certification systems.

As Ho Chi Minh City undergoes rapid economic growth, awareness is rising around air quality challenges driven by particulate matter (PM) including PM2.5 generated by increasing traffic and construction projects. In such a situation, protecting the health of people working in urban areas and delivering a safe, comfortable indoor environment has become one of the most critical themes in architectural design in Vietnam.

To address these challenges, this project has achieved the goal of “responding to Vietnam’s air quality with Daikin’s technology.” Adopting Daikin’s advanced air conditioning technology throughout the building, the project achieves both enhanced indoor quality and significant energy savings, realized through purposeful architectural approaches such as heat-insulating glass facades and reuse of rainwater, as well as naturally lit workspaces and clean indoor air systems. The building also incorporates a real-time monitoring system for tracking both energy consumption and indoor environmental quality. By pursuing a sustainable and comfortable office environment through both hardware and software solutions, the project achieved the highest Platinum rating across three certifications: LEED (v4 BD+C – Building Design and Construction), an international environmental certification for buildings and cities; WELL (v2 pilot), an international certification focused on human health and wellbeing; and LOTUS (New Construction v3), an environmental certification by the Vietnam Green Building Council.

For details, please visit:
https://www.nikken.jp/en/news/press_release/2026_03_12.html

Hashtag: #NikkenSekkei

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

About Nikken Sekkei

URL：https://www.nikken.jp/en/

Specifically, in addition to the existing incentives currently available, customers who switch from old gasoline vehicles to new VinFast electric vehicles during the program period will receive an additional 3% discount for cars and 5% discount for scooters. The program will be applied across all four markets: Vietnam, India, Indonesia, and the Philippines.

In line with VinFast’s pioneering spirit, GSM Green and Smart Mobility Joint Stock Company has also announced an immediate 10% reduction in fares for electric mobility services on the Xanh SM platform in Vietnam and Green SM in Indonesia from March 11 to March 31, 2026. This initiative offers customers a more environmentally-friendly and cost-effective transportation option.

The program may be extended depending on international developments and future fuel price movements.

Ms. Duong Thi Thu Trang, Deputy CEO of Global Sales, VinFast, stated: “The special ‘Trade Gas for Electric’ program launched in March across four key markets is VinFast’s timely response to geopolitical volatility that is affecting socio-economic conditions in many countries around the world. As one of the pioneering manufacturers leading the global electric vehicle revolution, VinFast together with companies in Vingroup’s green ecosystem aims to help reduce the impact of fuel prices on people’s daily lives while also lowering environmental pollution through smarter, more sustainable, and more cost-efficient mobility solutions.”

The special “Trade Gas for Electric” program will be implemented in parallel with and combined with other available incentive programs in each market. Through layered incentives, Vingroup and companies within its ecosystem aim to create favorable conditions for customers to transition quickly to electric vehicles, reduce dependence on gasoline, stabilize daily life, and contribute to building a cleaner and more civilized living environment.

Hashtag: #Vingroup

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

As one of HKPC’s key annual initiatives promoting Artificial Intelligence (AI) and talent development, the job fair attracted over 2,000 tertiary students, fresh graduates and job seekers from across the Guangdong-Hong Kong-Macao Greater Bay Area. The event brought together more than 50 leading enterprises, organizations and government departments, offering over 10,000 quality job opportunities in key areas of new productive forces such as AI and STEAM. The event successfully established an efficient two-way talent matching platform and demonstrated HKPC’s commitment to implementing a talent-driven development strategy through concrete action.

The Job Fair also served as a core event funded by the Innovation and Technology Commission’s “New Productive Forces Talent Programme”. The event received strong support from more than 30 organisations, including the Hong Kong Talent Engage, the Labour Department, the Federation of Hong Kong Industries, the Hong Kong Quality and Talent Migrants, as well as various tertiary institutions. The opening ceremony was held in the morning, with officiating guests including Dr Lawrence CHEUNG, Chief Technology Officer of HKPC; Miss Rosalind CHEUNG, Assistant Commissioner for Innovation and Technology (Funding Schemes) and Ms. Karen FUNG, Chief Marketing Officer of HKPC.

At the opening ceremony, Dr Lawrence CHEUNG emphasised: “This year marks the beginning of the 15th Five-Year Plan and represents a golden opportunity for Hong Kong to leverage its strengths and align with national strategies. We must seize this opportunity to attract talent from around the world and develop new productive forces with Hong Kong characteristics. This Job Fair not only serves as a bridge connecting job seekers and enterprises but also provides an important platform to showcase how new productive forces can lead Hong Kong’s future development. Over the past two years, the “New Productive Forces Talent Programme” has organised a series of courses and technology study tours, and trained more than 1,000 participants.”

In a subsequent sharing session, Mr. Brian WONG, Chief People and Culture Officer of HKPC, delivered a presentation titled “HR as the AI Change Agent: Driving Enterprise-wide AI Transformation.” He pointed out that the success of corporate transformation in the AI era hinges on whether human resources (HR) can effectively play the role of change drivers. He shared several practical strategies, including how to cultivate AI engineers and talent in related fields. He emphasised that a company’s talent strategy should not be limited to technical skills training but should also focus on nurturing high-level thinking and innovative capabilities in talent, driving the company to adapt to rapidly changing markets and achieve robust transformation.

HR Leaders Praise Platform Value; Strong On-site Talent Matching

This year’s Job Fair featured a strong lineup of exhibitors, including Huawei International Hong Kong, Alibaba Hong Kong, Cathay Pacific Services Limited, The Bank of East Asia, EY and PwC, as well as government departments such as the Labour Department. Job opportunities covered key roles such as AI Consultant, Digital Transformation Specialist, Solutions Engineer and Digital Marketing Officer. Dedicated graduate programmes and internship opportunities were also offered, meeting the employment needs of a wide range of talent while providing companies with an important platform to recruit high-quality professionals in emerging technology sectors.

The atmosphere at the venue was vibrant, with many companies arranging on-site interviews, enabling job seekers to enjoy a seamless “one-stop interview” experience. HR representatives from participating companies highly praised the effectiveness of the event. Mr. Ryan Tang, Head of Personal Banking & Wealth Management Technology, Bank of East Asia, said: “The Job Fair attracted many professionals with experience in AI and technological transformation. I was very pleased to interact with them on site. Some candidates possess skills that match the bank’s needs, effectively strengthening our core talent pool.” Ms. Erica Kwan, Head of Business Development and Marketing, HSM Industrial Solution Company, said: “This Job Fair has improved our efficiency in recruiting digital and technical talent, enabling job seekers to connect more precisely with professional pathways in new industrialisation and become an important driving force for Hong Kong’s new productive forces.”Ms. Natalie Yuan, Co-Founder and Chief Operating Officer of First Resume, remarked: “Job seekers on site showed a strong desire to enhance their job-hunting skills in the era of new productive forces. We look forward to deepening our collaboration with HKPC in the future to help talent strengthen their competitiveness.” Job seekers also widely noted that the event not only brought together a large number of quality job opportunities but also allowed them to communicate directly with company representatives and receive free career support, helping them better understand the talent requirements of emerging technology sectors and plan their future career development paths.

AI-Powered Services Enhance the Job-Seeking Experience

To help job seekers stand out in the competitive job market, the Job Fair continued to provide a wide range of free and comprehensive career support services. Among them, complimentary professional headshot photography remained one of the most popular services, helping many participants obtain professional photos suitable for job applications. At the same time, AI-powered CV optimisation, AI mock interviews, and one-on-one CV consultation services were also highly welcomed by participants. Multiple industry seminars and practical workshops were fully booked, covering topics such as “Applications of AI in Recruitment”, “AI Career Opportunities in the Finance and Technology Sectors”, and “100 Days of AI Transformation: Entering the Finance and Technology Industries”. Industry experts shared valuable job-hunting skills and insights into industry trends. In addition, the Job Fair introduced a new “Start–up Zone“, allowing job seekers to engage directly with local startup entrepreneurs and broaden their innovative thinking. The founder of the startup CanTone said, “This event allowed more people to learn about our entrepreneurial vision, and it also helped us recruit student interns, enhancing our startup’s competitiveness.” The “Maker Workshop“ also attracted many participants, who operated equipment such as 3D printers and laser engraving and cutting machines under the guidance of professional instructors, experiencing the appeal of innovation and technology manufacturing and further stimulating their interest in exploring the field of new productive forces.

HKPC has long been committed to cultivating talent with strong competitiveness for the Greater Bay Area. Through the integrated model of “job matching + career support + industry exchange”, the Job Fair not only helps enterprises address their talent needs but also enables job seekers to seize the opportunities presented by the development of new productive forces and achieve high-quality employment.

In the future, HKPC will continue to build diversified talent exchange and matching platforms while further enhancing the talent development ecosystem in the field of new productive forces.

Photo Captions:

1. Dr Lawrence CHEUNG, Chief Technology Officer of HKPC, delivered welcome remarks at the opening ceremony of the “New Productive Forces” Job Fair 2026, noting that the Job Fair not only connects job seekers and enterprises but also showcases how new productive forces can lead Hong Kong’s future development.
2. Dr Lawrence CHEUNG, Chief Technology Officer of HKPC (Middle) and Miss Rosalind CHEUNG, Assistant Commissioner for Innovation and Technology (Funding Schemes) (Right) and Ms. Karen FUNG, Chief Marketing Officer of HKPC (Left), officiate the opening ceremony of the “New Productive Forces” Job Fair 2026.
3. Guests of honour, supporting organisations, representatives from institutions and associations witnessed the grand opening of the “New Productive Forces” Job Fair 2026.
4. The Job Fair attracted a large crowd and brought together more than 50 leading enterprises, organisations and government departments, offering over 10,000 quality positions in key areas of new productive forces such as AI and STEAM.

Hashtag: #HKPC

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

About the Hong Kong Productivity Council

The Hong Kong Productivity Council (HKPC) is a statutory body established in 1967, dedicated to enhancing the productivity and competitiveness of Hong Kong enterprises through world-class applied R&D, innovative technology services, and integrated manufacturing solutions. As a market-oriented, international R&D organisation, HKPC leverages its deep expertise and extensive industry experience in key areas such as AI, advanced manufacturing, life and health technology, green technology and new energy to drive new industrialisation and support the growth of emerging and future industries.

HKPC focuses on addressing businesses challenges and industrial technology needs, promoting the full integration between technological and industrial innovation. Through technology transfer, product innovation, intellectual property protection and commercialisation of R&D outcomes, the Council fosters collaboration with the local business community as well as top global R&D institutions, delivering added value to industries and advancing the development of new productive forces. HKPC’s world-class R&D achievements have been widely recognised over the years, winning an array of local and overseas accolades, reinforcing Hong Kong’s role as an international innovation and technology centre and a smart city.

To help enterprises capitalise on Hong Kong’s strengths in international connectivity to expand into global markets, HKPC offers comprehensive overseas expansion services tailored to critical areas including product development, technology, manufacturing, and management, enabling businesses to successfully go global from Hong Kong.

HKPC is also committed to providing timely and practical support to SMEs and startups with timely and practical , assisting them in accessing Government funding programmes. Through its FutureSkills training initiatives, HKPC helps both industry and academia stay ahead in latest digital and STEM technologies, nurturing a future-ready talent pool for Hong Kong.

For more information, please visit HKPC’s website: www.hkpc.org/en.

Driving R&D Translation and Sector Collaboration; Elevating Hong Kong as a Global Life & Health Innovation Hub

HONG KONG SAR – Media OutReach Newswire – 9 March 2026 – The Hong Kong Productivity Council (HKPC) today officially launched its new “Future Life & Health Tech Centre”, unveiling a suite of R&D achievements and application technologies across life sciences, medical technology, future food, biotechnology and modernisation of Chinese medicine. With a clear focus on accelerating R&D, pilot-scale development, smart manufacturing and commercialisation, the Centre aims to serve as an industry accelerator for life and health technology in Hong Kong, supporting the commercialisation of research outcomes from lab to market and driving the development of new productive forces.

Mr Edmond LAI, Chief Digital Officer of HKPC, said, “Life and health technology is a fast-rising focus for Hong Kong’s innovation and technology development. The Government’s 2026–27 Budget also outlines several initiatives to accelerate I&T development, with a primary focus on life and health technology. HKPC is committed to supporting the Government’s strategic development in this field by delivering forward-looking innovative technologies and services. Through the ‘Future Life & Health Tech Centre’, we will leverage AI, smart manufacturing, pilot platforms and cross-border collaboration to speed up the commercialisation of research outcomes, fostering Hong Kong as an international life and health innovation hub.”

An integrated platform from R&D to market adoption

Positioned as an end-to-end enabler across the full value chain, the “Future Life & Health Tech Centre” provides systematic support from research and pilot production through to scaleup and market adoption. It includes platforms for active ingredient efficacy validation, microencapsulation and controlled release, AI health monitoring model development, dosage form optimisation for Chinese medicine, future food technologies, medical device pilot capabilities and smart microfactory demonstration. The Centre serves as a bridge between universities and research institutes, healthcare providers, local enterprises and Greater Bay Area resources, facilitating upstream, midstream and downstream collaboration for life and health technology.

Exhibition Highlights Showcasing Diverse Applications in Life and Health Technology

According to HKPC’s “Hong Kong Life and Health Industry Development Study”, the sector’s long-term success hinges on technology-driven innovation and efficient industrialisation. The Centre showcases the following innovations:

1. Medical Technology and Diagnostics

• Veterinary recombinant plasmid DNA vaccine injection technology: Enhances plasmid DNA uptake to boost antibody production and immune response while improving safety; supports animal vaccine R&D.
• Innovative Porous Silica Capsule Technology: Delivers precise, sustained release of drugs or antibacterial agents; tested to eliminate over 95% of harmful microorganisms. HKPC co‑developed a customised hybrid process and smart production equipment for APEL to establish a “Smart Micro‑factory”, translating research into industrial application.
• Modernisation of Traditional Chinese Medicine: Combines modern dosage form development with zebrafish model validation. A TCM-based hydrogel patch is undergoing drug registration, with approval targeted for Q3 2026.
• AI Scalp Health Diagnosis System: Built on HKPC’s open AI platform “HKPC Picasso,” it utilises high-resolution imaging and multimodal data to detect scalp conditions and instantly generate personalised health reports.

2. Future Food and Functional Nutrition

• Bioprotective Coating Technology for Preservation on Fresh Produces: A food-grade coating that reduces moisture loss, oxygen exposure and microbial growth to extend shelf life and enhance supply chain efficiency.
• Microencapsulation and Controlled Release Technology for Functional Food: Embeds active ingredients within a carrier system to protect sensitive substances, enhance bioavailability and enable precise release control.
• AI-enabled Liquid Chilling Tunnel System: A two-stage chilling solution that reduces cooling time by over 60% and boosts efficiency by 90%. An AI vision system automatically identifies products and optimises chilling cycles, ensuring food safety, process stability and full data traceability. The technology has received multiple international honours, including the Gold Medal at the 2017 International Exhibition of Inventions Geneva.

HKPC emphasised that the “Future Life & Health Tech Centre” will act as a key platform for innovative research, pilot-scale development and industrial-scale commercialisation. Moving forward, HKPC will work closely with the Government, academia, healthcare organisations and industry partners in Hong Kong and other cities of the Greater Bay Area to strengthen the innovation ecosystem for life and health technology—supporting Hong Kong’s development as an international life and health innovation hub and advancing new industrialisation.

Photo Captions:

1. Mr Edmond LAI, Chief Digital Officer of the Hong Kong Productivity Council, outlines the vision and strategy of the “Future Life & Health Tech Centre” and introduces a range of cutting-edge R&D outcomes in life and health technology.
2. The “Future Life & Health Tech Centre” showcases medical technology and diagnostic innovations, including the “Veterinary recombinant plasmid DNA vaccine injection technology” and the “Modernisation of Traditional Chinese Medicine”.
3. The “Future Life & Health Tech Centre” features future food technologies, including the “Bioprotective Coating Technology for Preservation on Fresh Produces” and “Microencapsulation and Controlled Release Technology for Functional Food”.

Hashtag: #HKPC

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

About the Hong Kong Productivity Council

The Hong Kong Productivity Council (HKPC) is a statutory body established in 1967, dedicated to enhancing the productivity and competitiveness of Hong Kong enterprises through world-class applied R&D, innovative technology services, and integrated manufacturing solutions. As a market-oriented, international R&D organisation, HKPC leverages its deep expertise and extensive industry experience in key areas such as AI, advanced manufacturing, life and health technology, green technology and new energy to drive new industrialisation and support the growth of emerging and future industries.

HKPC focuses on addressing businesses challenges and industrial technology needs, promoting the full integration between technological and industrial innovation. Through technology transfer, product innovation, intellectual property protection and commercialisation of R&D outcomes, the Council fosters collaboration with the local business community as well as top global R&D institutions, delivering added value to industries and advancing the development of new productive forces. HKPC’s world-class R&D achievements have been widely recognised over the years, winning an array of local and overseas accolades, reinforcing Hong Kong’s role as an international innovation and technology centre and a smart city.

To help enterprises capitalise on Hong Kong’s strengths in international connectivity to expand into global markets, HKPC offers comprehensive overseas expansion services tailored to critical areas including product development, technology, manufacturing, and management, enabling businesses to successfully go global from Hong Kong.

HKPC is also committed to providing timely and practical support to SMEs and startups with timely and practical, assisting them in accessing Government funding programmes. Through its FutureSkills training initiatives, HKPC helps both industry and academia stay ahead in latest digital and STEM technologies, nurturing a future-ready talent pool for Hong Kong.

For more information, please visit HKPC’s website: www.hkpc.org/en.

The Food Expo PRO open exclusively to trade buyers on the first two days, and welcome public ticket-holders on 15 August. The concurrent Hong Kong International Tea Fair will be open to both trade buyers and public ticket holders for all three days. The 2025 edition gathered some 18,500 buyers from 64 countries and regions. Buyers are mainly importers, wholesalers, distributors, hotel groups, restaurants, clubhouses, and retail leaders such as department stores, as well as e-tailers. Apart from Hong Kong, buyers came from Chinese Mainland, Taiwan, Japan, Korea, as well as ASEAN countries, including Cambodia, Malaysia, the Philippines, Thailand, and Vietnam, among others, highlighting Hong Kong’s significant role as a key food trade hub globally.

Reserve a booth now to extend industry network: https://tinyurl.com/57zd6hx9
Register a buyer badge to source quality products: https://tinyurl.com/4nhckk3h

Food Expo PRO: new Meat zone debut

Positioned strategically at the heart of Asia, coupled with its exceptional logistics services and adept supply chain management, Hong Kong serves as a promising platform for global food manufacturers to extend their reach into markets across Chinese Mainland and the broader Asian region. As a renowned culinary capital of Asia, Hong Kong is also home to a thriving food services industry that captivates locals and visitors alike.

Food Expo PRO aims to strengthen Hong Kong’s position as a business hub for the food industry in Chinese Mainland, Asia, and the world. As a pioneer in the F&B industry, the Expo has always kept a close eye on several key trends and innovation in order to capture the evolving dynamics of the food industry.

This year, Food Expo PRO will introduce a new Meat product zone to spotlight the dynamic meat sector and meet rising demand for premium, diverse, and innovative meat offerings. The zone will showcase a wide range of high-quality meat products, including chilled and frozen meats, processed meats, specialty items, and value-added solutions from global and regional suppliers. It aims to connect exhibitors with professional buyers seeking opportunities in premium proteins, sustainable sourcing, and market trends in the Greater Bay Area and beyond.

Recognising the promising landscape of the Halal Market, the Expo introduced a dedicated Halal food and beverage label in 2024, bringing a diverse variety of Halal certified products ranging from snacks, condiments to seafood. In 2025, more than 120 food suppliers showcased halal products from around the world. A seminar will guide through the importance and the progress of promoting halal-friendly environment in Hong Kong. This session will explore the growing demand for halal products and the standard.

Highlighted zone “Food Science and Technology” brings alternative food and future food products to the professional buyers. The Coffee zone, debuted last year, will showcase coffee products, accessories, and machines from various origins. Events such as coffee demonstrations and seminars covering the coffee value chain will also be held concurrently.

Food Expo PRO also features a variety of seminars and forums covering the latest developments and market opportunities in the food industry. The Food Tech Symposium will focus on the latest technological advancements transforming the sector. The discussion will cover how new technologies can enhance efficiency and quality, benefiting both producers and consumers.

Hong Kong International Tea Fair: Brewing opportunities in tea business

The concurrent Hong Kong International Tea Fair is Asia’s premier marketplace for the tea industry, showcasing a variety of high-quality specialty teas, delicate teaware and tea related products. Building on the positive feedback from adopting the B2B2C format in 2025, which attracted over 500,000 visits together with the four concurrent fairs, the 2026 Tea Fair will once again open to the public during the three-day exhibition period, bringing the rich culture of tea to a wider audience.

To capture the evolving trends in the tea industry, the 2025 edition featured a diverse variety of new-style tea beverages such as sparkling tea, Kombucha, non-alcoholic wine-tea concoction beverage, herbal tea and yuenyeung in a capsule. A thematic zone “Friends of Tea” also presented tea-related lifestyle products such as tea-pairing food and tea perfume. The 2026 edition will strengthen the zone to enrich the overall visiting experience of public tea lovers.

Each day at the fair is filled with different activities and events. The 2026Hong Kong International Tea Culture Forum will be organised, with the purpose of creating an international platform for communication, promoting tea culture, and driving the international development of the tea industry. The China and Greater Bay Area KamCha Competition 2026 (Hong Kong Milk Tea) – Hong Kong Final will be held during the Hong Kong International Tea Fair, aiming to select the top Hong Kong-style milk tea masters, showcase the skills and unique flavours of Hong Kong-style milk tea production, and promote Hong Kong-style milk tea culture. Other events, such as the Guangdong-Hong Kong-Macau Youth International Tea Art Competition 2026, Youth Tea Ceremony, Tea Tasting Sessions and Tea Art Performances, offer an immersive exploration of tea’s rich history and latest trends.

The International Tea Event Space Design Competition 2026continues to promote tea culture. Participants can present their creative tea-serving space designs through the competition, and the shortlisted designs will be displayed and judged during the fair. Another fair highlight is the Hong Kong International Tea Fair Tea Competition. Exhibitors’ teas will be judged in six categories: Green Tea, Oolong Tea, Black Tea, Chinese Black Tea, Raw Pu’er, Others. The entries will also compete for “The Best Aroma Award” and “The Best Taste Award”. Visitors can enjoy free tea tasting of winning teas during the Fair.

The two fairs will continue to adopt the HKTDC’s EXHIBITION+ model that integrates online and offline elements, extending face-to-face interactions from physical events to smart business platform, Click2Match, which will be open to participants from 6 to 22 August.

In addition, the International Conference of the Modernization of Chinese Medicine and Health Products (ICMCM), organised by the Modernized Chinese Medicine International Association (MCMIA), together with the HKTDC and ten scientific research institutions and industry associations, will be held at the Hong Kong Exhibition and Convention Centre on 13 and 14 August to deliver professional traditional Chinese medicine insights into the industry.

Websites:

Concurrent public fairs:

Hashtag: #HKTDC #FoodExpoPRO #HongKongInternationalTeaFair

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

The resort has partnered with the world’s largest hospitality design firm, Hirsch Bedner Associates (HBA), for a revamp anchored in Balinese harmony and heritage. Guided by an ethos of refined, rejuvenated, and liveable, the resort refresh launches in July 2026 across seven suite accommodations: five Premier Duplex Suites and two Family Premier Suites.

Ayung Terrace – the resort’s elevated jungle-vista restaurant – and Jati Bar, its river valley hideaway, will also showcase new furniture, colour schemes and styling. Every element of the refresh is rooted in respect for the jungle, rice paddy and Ayung River valley surrounds.

Inspired by Craftmanship and Culture

Existing design elements combine with Balinese textiles and craftsmanship to weave a rich tapestry of local artistry in the upgraded guest sanctuaries. Light, earthy fabrics inspired by Ubud’s rice paddies partner with dark, stained wood for a fresh contemporary vibe.

Through the redesign, HBA pay homage to the resort’s original architectural concept while offering a renewed aesthetic and meeting contemporary demands. Integrated smart home elements like LUTRON lighting offer seamless control over the suite environment.

The Following Reimagined Suites Will be Open to Guests from July 2026:

• Premier Duplex Suite – The ultimate retreat for couples who appreciate extra space, this two-level one-bedroom suite includes a dining area with floor-to-ceiling river-view windows, and a sun terrace. Rich teak wood and hand-loomed fabrics create a warm, welcoming ambience.
• Family Premier Suite – Ideally located in the resort’s main building near the restaurants and spa, this luxury one-bedroom suite features a beautifully designed kids’ room. A large living space and views over the river valley provide a soothing retreat for the entire family.

Driven by Sustainability

From reused materials to energy-saving fixtures, the redesign is deeply grounded in sustainability principles. All new guest rooms have energy-efficient LED lighting alongside new air conditioning units that use environmentally friendly energy-saving refrigerants.

Optimising the existing framework and reusing and refurbishing through careful craftmanship has reduced the need for new building materials. Any new materials used have been carefully chosen for longevity and locally sourced where possible.

Dining with a Difference

Soaring over the lush jungle river valley, Ayung Terrace restaurant has long immersed diners in a sense of wonderment and natural beauty. Now, new elements such as plush grey river-view sofas, elegant wooden chairs and marbled-topped tables infuse a vibrant burst of energy. At Jati Bar, welcoming sofas and chairs in natural green and grey tones offer an elevated setting in which to enjoy creative cocktails, light bites and river vistas.

“Four Seasons Sayan is known for its cutting-edge design and architecture,” comments Tim Churchmack, Resort Manager, Four Seasons Resort Bali at Sayan. “This new design honours that heritage and pays further homage to our incredible natural home. We’re thrilled to unveil these elevated living and dining spaces with intuitive, modern facilities within refreshed surrounds. It’s an exciting new era for Four Seasons Sayan.”

The refresh follows a stand-out few years for the multi-award-winning riverside hideaway, including earning an inaugural Michelin key in 2025 for exceptional, unforgettable guest experiences. In the same year, the newly re-launched Sacred River Spa secured a Four-Star rating from Forbes Travel Guide, hot on the heels of Ayung Terrace’s 2024 Wine Spectator Award of Excellence for its unique, locally focused wine list.
Hashtag: #FourSeasonsBali

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

Committed to addressing the difficulties regarding people’s livelihood through the rule of law, Pi Jianlong, a lawyer and a national political advisor, has spent years going deep into factories, workshops, law firms and juvenile probation and rehabilitation centers, making sure that his proposals, grounded in rigorous field research, are precise, practical and responsive to real needs.

Noting the predicament faced by food delivery riders, including the lack of contracts, social security and basic protection, he proposed targeted suggestions such as innovating social security models and strengthening platform responsibilities. In 2025, platforms such as JD.com and Meituan successively introduced social security plans, providing full social insurance coverage for full-time riders and accident and medical insurance for part-time riders.

Awarded for his outstanding performance in 2025 by the Chinese People’s Political Consultative Conference (CPPCC) National Committee recently, Pi exemplifies the commitment of thousands of CPPCC members to serving the people through high-quality duty fulfillment, underscoring the CPPCC’s role as a major vehicle through which people’s democracy is practiced.

On Wednesday afternoon, China’s top political advisory body, the CPPCC National Committee, kicked off its annual session in Beijing. Chinese President Xi Jinping, together with other leaders, attended the opening meeting of the fourth session of the 14th CPPCC National Committee.

99.9% proposals handled

Acting as a dedicated consultative body, the CPPCC has pooled extensive consensus and strength to support the successful conclusion of the 14th Five-Year Plan and a solid start to the 15th Five-Year Plan over the past year, injecting strong vitality into the practice of whole-process people’s democracy – a key concept put forward by Xi himself to advance China’s political landscape.

Over the years, China has made all-around progress in improving the institutions, standards and procedures of socialist democracy and advanced socialist consultative democracy by way of extensive participation.

According to a work report delivered at the opening meeting, in 2025, the CPPCC National Committee received 5,992 proposals from its members, of which 5,061 were accepted for processing. The response rate for the accepted proposals stood at 99.9%.

The CPPCC National Committee members carried out 6,778 activities to serve the people, along with 11,115 outreach activities engaging people from relevant sectors. These efforts benefited more than 4 million people.

By innovating consultative and deliberative methods, improving consultative democracy institutions, and fostering a culture of consultation, the CPPCC has further strengthened its role in promoting democracy and offering policy advice while building consensus.

Over the past year, the CPPCC National Committee held 98 consultative and deliberative events, ranging from promoting the country’s green and low-carbon transition for the 15th Five-Year Plan and developing the silver economy to improving and innovating social governance. These efforts demonstrate that consultative democracy is grounded in reality and responsive to public needs, pooling support, consensus, wisdom and strength to advance Chinese modernization.

Securing a strong start to the 15th Five-Year Plan

Supporting the formulation of the 15th Five-Year Plan serves as a key task of the CPPCC in 2025, representing a vivid practice of whole-process people’s democracy.

From May 20 to June 20 last year, China launched an online public consultation to gather opinions for its next five-year plan. The initiative drew over 3.11 million valid submissions, yielding more than 1,500 constructive suggestions across 27 topics.

A summary of these findings was submitted to the Party leadership, ensuring that the people’s voices were heard at the highest level. By September, a total of 2,112 suggestions had been collected from various regions, departments and sectors, resulting in 218 revisions to the document.

To contribute to the 15th Five-Year Plan, the CPPCC, over the past year, held a special standing committee meeting and carried out 54 special studies, yielding a series of high-quality outcomes. Meanwhile, it launched a special research column, publishing 55 issues to provide evidence-based references for policy-making.

This broad-based participation highlights that national development strategies are rooted in public will, gathering strong momentum for Chinese modernization.

According to the work report, in 2026, the CPPCC will conduct in-depth research and thorough consultations on major tasks and strategic measures of the 15th Five-Year Plan and carry out cross-committee, cross-sector and cross-disciplinary studies, aiming to put forward forward-looking, targeted and operable policy suggestions, according to the report.

Focusing on key issues in areas such as economic development, technological innovation, reform and opening up, social development, and people’s livelihood, the CPPCC will truthfully reflect public opinions based on facts and implement the CPPCC National Committee’s democratic oversight work plan during the 15th Five-Year Plan period.

For more information, please click:
https://news.cgtn.com/news/2026-03-04/How-China-builds-consensus-boosts-growth-via-consultative-democracy-1LeSOfZLbk4/p.html

Hashtag: #CGTN

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

Communication, digitalization, and AI: Emerging cornerstones of future power systems that will accelerate the intelligent evolution of distribution networks

David Sun, CEO of Huawei’s Electric Power Digitalization BU, highlighted four drivers for energy transition: green energy and diversity, resilient grids, transparent distribution, and load electrification. He called for policy changes toward dispatch-market coordination. He also emphasized that communication, digitalization, and AI are becoming core production systems, requiring stronger capabilities in digital transformation, cybersecurity, and sustainable development.

At the forum, Mr. Sun unveiled the White Paper on Communication Target Networks for the Future Power System, introducing a pioneering architecture that features an intelligent and robust main network, integrated medium-voltage and transparent low-voltage networks, high-speed secure connectivity, and space-ground integration. The paper also outlines key tech trends, from optical and wireless to carrier and satellite communications, and underscores their transformative value.

Huawei highlighted its focus on intelligence and digitalization, working with industry players to drive power transformation. Global industry leaders also shared their insights: Al’Louise van Deventer (Technology and Engineering General Manager, Eskom) on future-ready digital practices; Momar Awa Sall (Transmission Grid Director, Senelec) on private wireless networks accelerating power modernization; Deniz COSKUN (Deputy General Manager, TEİAŞ) on restructuring communication networks for grid resilience; and Andy Liu (Overseas Solutions and Marketing Director, SANXING Ningbo) on the application of Huawei IDS.

Global industry leaders and partners join to explore the future of power systems

Power distribution networks are evolving from mechanized to automated and intelligent systems, driving technological and business model innovation. Despite creating new challenges for O&M, they have unlocked further opportunities for improving grid reliability and resource allocation.

At the forum, Huawei, Meralco, and SANXING Ningbo, unveiled the IDS that delivers four core capabilities—reliable communication, edge computing, cloud-edge collaboration, and low-voltage transparency—based on a cloud-pipe-edge-pipe-device architecture. It enables an intelligent low-voltage (400 V) distribution network with controllable line loss, visualized distribution rooms, and manageable renewables, transforming fragmented digital silos into open, integrated digital systems. The three companies also announced a lighthouse showcase initiative, sharing replicable and scalable digital transformation best practices.

Advancing digital and intelligent integration for a greener, more reliable grid

Communication, digitalization, and AI are at the heart of future power systems. Huawei will deepen R&D in digital, intelligent technologies, integrating advanced intelligence into power production. Together with global partners, Huawei is committed to developing with the power industry toward greater reliability, stronger security, and a low-carbon future.
Hashtag: #Huawei

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

Under the MoUs, PT Sembilan Benua Abadi is expected to purchase 10,000 VinFast EVs by the end of 2027, while PT. Satu Kosong Tujuh plans to acquire 10,000 units by the end of 2028. The vehicles will include the Nerio Green (C-SUV) and the Limo Green (7-seat MPV). All vehicles will be deployed for commercial transportation services, maximizing the operational efficiency, cost advantages, and environmental benefits of VinFast’s electric models.

Nerio Green and Limo Green belong to the Green brand, which VinFast has developed and optimized specifically for commercial service operations. Nerio Green is adapted from the VF e34, the first model introduced by VinFast in the Indonesian market, and stands out with its modern urban design, spacious interior, and advanced technology features.

Meanwhile, Limo Green is the newest addition to the Green lineup launched in Indonesia. Measuring 4,740 x 1,872 x 1,728 mm with a wheelbase of 2,840 mm, Limo Green offers a spacious three-row configuration tailored to high-intensity passenger transport needs. Equipped with a durable LFP battery, the vehicle delivers a driving range of up to 450 km on a full charge, optimizing operating cycles and minimizing downtime.

By deploying VinFast’s electric fleet, PT. Satu Kosong Tujuh and PT Sembilan Benua Abadi will not only enhance fleet quality, maximize utilization efficiency, and reduce emissions, but also contribute to fostering green mobility habits within the community. The model is expected to generate a strong ripple effect, as Indonesian consumers gain direct, everyday exposure to the smooth, modern, and smart driving experience of electric vehicles.

PT. Satu Kosong Tujuh and PT Sembilan Benua Abadi are reputable transportation solution providers in Indonesia. With extensive operational experience and deep local market expertise, both companies are well-positioned to deploy large-scale electric fleets, optimize operational networks, and effectively reach target customer segments.

Mr. Nirzam Pahmi, SE, MM, President Director of PT. Satu Kosong Tujuh, said: “We have strong confidence in VinFast and its potential to build a comprehensive, inclusive, and accessible electric mobility ecosystem. This agreement aligns with our long-term vision of transitioning to fully electric vehicles and proactively embracing the green transformation trend across the region and globally.”

Mr. Wempy Suciadi, CEO of PT Sembilan Benua Abadi, stated: “We are impressed with Nerio Green and Limo Green not only for their product quality but also for the sustainable development vision they represent. These models are highly promising solutions that align with the practical needs of consumers amid the transition toward green transportation.”

Mr. Kariyanto Hardjosoemarto, CEO of VinFast Indonesia, shared: “We are honored to collaborate with reputable partners in Indonesia to accelerate EV adoption and advance the green transition. Partnering with experienced enterprises that possess deep local market understanding will enable VinFast to rapidly expand market coverage and bring modern mobility solutions closer to Indonesian consumers.”

After over two years of presence in Indonesia, VinFast has quickly established a structured and comprehensive development foundation. The Company is currently offering a full product lineup spanning entry-level to mid- and high-end segments, including VF 3, VF 5, VF e34, VF 6, VF 7, and VF MPV 7, as well as Green models such as Limo Green. This diversified portfolio allows partners to flexibly select vehicles suited to different service models, while enabling Indonesian consumers to access electric vehicles across various price points.

VinFast has also commenced operations at its Subang plant, underscoring its long-term investment commitment and direct contribution to the local value chain. In parallel, the Company continues to expand its ecosystem through the development of a nationwide dealership and after-sales service network; the rollout of an extensive charging infrastructure in partnership with V-Green; and strategic collaborations with leading banks and financial institutions to provide optimized financing solutions for customers.

Through flexible and pioneering policies, from financial support to warranty and after-sales programs, VinFast is progressively creating favorable conditions for Indonesian consumers to participate in the green mobility revolution./.

Hashtag: #VinFast

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

“Effective execution of our strategy drove strong financial performance and higher shareholder returns in 2025, despite a challenging retail environment. Our significant progress made in portfolio simplification creates investment capacity for strategic priorities, enabling greater value for our customers and accretive inorganic opportunities to drive sustainable growth and returns.”

Lincoln Pan

Chairman

DFI RETAIL GROUP HOLDINGS LIMITED

PRELIMINARY ANNOUNCEMENT OF RESULTS

FOR THE YEAR ENDED 31 DECEMBER 2025

INTRODUCTION

It is my honour and privilege to join DFI Retail Group (‘DFI’ or the ‘Group’) as Chairman of the Board, supporting Group Chief Executive, Scott Price, and his leadership team in executing its strategic priorities and delivering shareholder returns. On behalf of the Board, I would also like to express our gratitude to John Witt for his invaluable contributions to DFI over many years.

As Asia’s leading multi-format retail platform, DFI has a unique set of assets – strong customer trust, an extensive store network across markets, deep data insights from a powerful loyalty programme, and a strengthening Own Brand portfolio – that will serve as a foundation for growth over the coming years.

Amid macroeconomic volatility and evolving consumer needs, the Group has been responding effectively through a stronger value proposition and enhanced omnichannel capabilities. This strategy is yielding early and encouraging results, demonstrated by a 35% increase in underlying profit in 2025. We remain particularly optimistic about the growth prospects in Health & Beauty and Convenience, as well as the opportunities emerging in digital.

I am confident that under the capable leadership of Scott and his team, DFI will continue to deliver retail excellence to customers across Asia while driving long-term value creation and growth.

Under a new 70% dividend payout policy announced in December 2025, the Board recommends a final dividend of US¢10.50 per share (2024 final dividend: US¢7.00).

STRATEGIC HIGHLIGHTS

Over the course of 2025, the Group executed effectively against its strategic framework of Customer First, People Led, Shareholder Driven. This approach enables DFI to navigate market challenges while capturing opportunities that build on its strong platform for sustainable growth.

The retail landscape is rapidly evolving, driven by shifting consumer behaviour and digitalisation. The Group remains focused on strategic priorities that place customers first – delivering quality, value and convenience in everyday moments. Across its businesses, the Group made good progress in strengthening value propositions, expanding customer reach in growth markets, driving deeper customer engagement with data-driven insights and accelerating digital monetisation. These initiatives enhance its ability to better serve customers and supplier partners while delivering returns to shareholders.

Investing in talent development remains at the top of the agenda. During the year, the Group achieved an improved team member engagement score. Inclusive leadership, a purpose-driven culture and engaged team members are critical to driving stronger performance and delivering exceptional customer experience. In parallel, the Group continues to enhance its organisational agility in meeting customer needs while reducing overhead costs.

In 2025, the Group completed the divestments of minority stakes in Yonghui and Robinsons Retail, as well as Singapore Food business, enabling reinvestment in subsidiary businesses and strategic priorities with stronger growth and return potential. This approach, combined with a sharpened business focus and a strengthened balance sheet, delivered a total shareholder return exceeding 90% in 2025, including the distribution of a US$600 million special dividend in October.

PROSPECTS

Transformation is an ongoing journey for today’s retailers. Serving diverse communities across Asia, where economic conditions and consumer expectations vary widely, the Group must stay agile and locally relevant guided by a customer-first mindset and a disciplined focus on growth opportunities that further build on its competitive advantages. Over the year, DFI has invested in delivering better outcomes for customers through price reinvestment, Own Brand innovation, omnichannel expansion and data-driven personalisation – focus areas that will remain central to its growth plans in the years ahead. An expanded digital ecosystem also unlocks new avenues to drive deeper value for supplier partners and enhance shareholder returns.

I would like to end by expressing the Board’s appreciation to our team members. We could not be more proud of the work they have done over the year, particularly in responding to the deeply tragic Tai Po fire in Hong Kong. Their unwavering dedication to serving our customers across Asia is what will continue to drive our business forward and build long-term value for shareholders.

Lincoln Pan

Chairman

GROUP CHIEF EXECUTIVE’S REVIEW

INTRODUCTION

We are pleased to close 2025 on a strong note, with underlying profit attributable to shareholders up 35% year-on-year to US$270 million, reaching the high end of our guidance range. This strong performance was driven by a recovery in LFL subsidiary sales, improved margins and proactive portfolio actions, including the divestment of our minority stake in Yonghui.

Customers across Asia, including in our home market of Hong Kong, are increasingly seeking quality and convenience at great value. While macro challenges remain, we are encouraged to see early signs of recovery in key retail segments, including 3% growth in health and beauty sales in Hong Kong, supported by a 12% increase in tourist arrivals. As Asia’s leading multi-format omnichannel retail platform, we are uniquely positioned to meet customers’ evolving needs effectively across all channels through relevant and compelling customer propositions.

With a renewed focus on balancing profitability with capital discipline, the Group ended the year in a net cash position, after distributing a US$600 million special dividend, and delivered a significantly improved return on capital employed (ROCE) of 9.4%. Our strengthened balance sheet allows us to reinvest for growth as we deepen our focus on higher-return subsidiary businesses and strategic priorities that sustain value creation for shareholders. For the full year 2025, we returned a total of approximately US$740 million to shareholders, including the special dividend.

In December, we held our inaugural Investor Day where DFI announced a new dividend policy with an increased payout ratio of 70%. Dividends paid during the year, combined with a share price increase of more than 70%, resulted in a total shareholder return exceeding 90% in 2025. We also outlined our three-year plan for realising our financial ambitions and accelerated growth goals, including a target of US$310-350 million in underlying profit (representing 11% CAGR at the mid-point compared to 2025¹) and an improved ROCE of at least 15% by 2028.

As we enter the new financial year, we remain firmly focused on executing our strategic priorities to drive sustained, profitable growth.

STRATEGIC DELIVERABLES – KEY PROGRESS

Over the past year, we have made significant progress in our transformation from a portfolio business into a strategically focused operating company. We have been advancing our strategy across five key deliverables to create greater value for our customers, supplier partners and shareholders.

Retail Excellence

By delivering best-in-class customer propositions, we see a wide range of opportunities for driving higher store sales density and market share gain across all business segments.

Health & Beauty

Mannings and Guardian continue to strengthen their position as the trusted advisor for wellness, unlocking strong cross-category growth opportunities through an assortment with high functional value across supplements, derma skin care and hair care. Customers across Asia are increasingly shifting to retailers that best fulfil their broad, diverse and unique wellness goals. Our technology-enabled personalised services – including skin, scalp and health assessments – drive higher purchase conversion and basket size by deepening customer understanding of their wellness needs. These capabilities will be expanded to 25% of our Health & Beauty store network to enhance our competitive differentiation and leadership in wellness.

Convenience
7-Eleven is broadening its shopper missions towards higher-margin, non-cigarette categories with a strategic focus on ready-to-eat (RTE) offerings, which accounted for 24% of Convenience sales in 2025. Across markets, consumers are seeking more convenient, high-quality and value-driven meal solutions. The expansion of Food Bars to 1,250 locations in South China and the rollout of RTE-focused store revamp across the entire Hong Kong network by 2028 will further strengthen 7-Eleven’s RTE proposition.

Food

Given consumers’ pivot towards value, continued northbound travel and increasing competition from Chinese mainland e-commerce platforms, the Wellcome team has focused on enhancing food basket value for customers by advancing our Everyday Low Price strategy. Investment in reduced pricing through strategic direct sourcing of core basket items, particularly in fresh, has resulted in a 2% growth in volume driven by higher footfall and increased items per basket. Direct sourcing allowed us to reduce prices while protecting gross profit, resulting in a 30-basis point gross margin improvement. These efforts further supported the narrowing basket price gap compared to the Greater Bay Area to a currently low single-digit price difference².

Home Furnishings

Similar to Food, IKEA has focused on enhancing its affordability and accessibility by reinvesting in the pricing of high-volume products, broadening the range of entry price points, rationalising the tail of slow-selling assortment, and further expanding digital touchpoints through third-party marketplaces. We are also strengthening IKEA Food as a key draw for customers seeking exciting and affordable food experiences as part of their store journey. These efforts are supported by significant cost transformation initiatives across our operating markets.

Own Brand

Our reset in Own Brand strategy across Food and Health & Beauty is driving higher customer loyalty and sales penetration through greater exclusivity and value. By refining our product range to align closely with customer needs and maximising cross-selling across our formats, we achieved meaningful improvements in margins and sales productivity.

Access to Customers

We continue to strategically expand our network in high-growth, profitable markets, primarily through a capex-light franchise model, with 114 net new openings³ in 2025. In particular, we will deepen 7-Eleven’s presence in Guangdong province to around 2,400 stores and expand Guardian’s footprint in Indonesia to approximately 750 stores by 2028.

Omnichannel and Data Ecosystem

DFI’s expanded omnichannel ecosystem is elevating our relevance and engagement with customers, providing us deep data insights across daily consumer needs that few peers in Asia can match. This ecosystem now allows our customers to engage with DFI brands across more than 90 digital channels, including apps, websites, third-party marketplaces, quick-commerce partnership with food delivery platforms and click-and-collect services. Our strengthened digital proposition was underpinned by a 140-basis point increase in online sales penetration to 6.4%⁴ as at year-end 2025, with order volume more than doubled year-on-year. Our overall digital ecosystem, comprising e-commerce, retail media, insights monetisation and yuu, continues to drive improved financial returns for the Group.

Retail Media (DFIQ Media)

Positioned to become Asia’s leading omnichannel retail media network, DFIQ Media offers a differentiated online and offline advertising proposition, enabling brands to execute cross-format campaigns through our digital assets and more than 10,000 in-store digital screens across markets. DFIQ Media delivered strong sales growth, albeit from a low starting base, achieving a fourfold increase in revenue over 2024, supported by proprietary data insights from over 7 million monthly active users across our growing digital portfolio.

DFIQ Portal

We aim to empower our supplier partners with actionable insights that drive greater business impact and better outcomes for customers. The DFIQ Portal – a vendor platform combining DFIQ Media, DFIQ Insights and trade capabilities – was launched in December 2025, providing suppliers real-time access to critical analytics that enables optimised inventory management and more effective strategic planning.

Retail Analytics

Leveraging cross-format data insights from over 5 million yuu Rewards members in Hong Kong, we continue to enhance our assortment and promotional decisions to help expand both in-store sales and gross profit.

Lean & Agile Model

Maintaining a lean and agile operating model is essential to ensuring efficient decision-making in a rapidly evolving retail landscape. Continued cost optimisation and better product sourcing will support both strategic price reinvestment and sustainable margin expansion in the coming years. Overhead reductions are expected to translate into lower SG&A costs beginning 2026. We remain disciplined in capex, driving network growth primarily through a franchise model with a strong focus on paybacks.

Strategic pivot from portfolio to a focused operating company

We conduct strategic reviews of our businesses guided by return on capital and total shareholder return priorities. During the year, we completed the divestment of our minority stakes in Yonghui and Robinsons Retail, as well as our Singapore Food business, generating total gross proceeds of approximately US$1 billion in cash consideration. In line with our capital allocation priorities, these proceeds were redeployed towards debt repayment, resulting in a net cash position of US$70 million as at year-end 2025. In addition, a special dividend of US$600 million was distributed to shareholders in October 2025. The Group remains focused on maximising total shareholder return while maintaining strategic flexibility for inorganic growth opportunities that are accretive to long-term shareholder value.

2025 PERFORMANCE

Total revenue from subsidiaries in 2025 was US$8.9 billion, up 1% on a LFL basis, excluding cigarettes. Organic revenue, excluding divested businesses⁵ for the comparable period, grew 0.5%. Strong sales growth in the Health & Beauty division was offset by lower contributions from other segments.

Excluding the impact of the minority stake divestments in Yonghui and Robinsons Retail completed in 2025, total revenue for the Group, including 100% of associates and joint ventures, remained broadly stable.

The Group reported total underlying profit attributable to shareholders of US$270 million for the year, up 35% year-on-year. This was supported by improved profitability from subsidiary businesses, lower financing costs and higher underlying profit from associates following the divestment of Yonghui.

Underlying profit from subsidiaries was US$183 million, 15% higher than the prior year. This was driven by strong Health & Beauty performance in addition to earnings recovery in Singapore Food and Home Furnishings segment, partially offset by lower contribution from Convenience due to reduced cigarette volume.

The Group’s share of underlying profit from associates was US$88 million, an improvement of US$45 million compared to the prior year, primarily due to the divestment of minority stake in loss-making Yonghui and higher contribution from Maxim’s as a result of improved mooncake sales and restaurant performance in Southeast Asia. Despite challenging trading conditions in Hong Kong and Chinese mainland, Maxim’s delivered profit growth in these regions through cost optimisation.

The Group reported operating cash flow after lease payments of US$430 million, 30% higher than the prior year, supported by underlying operating profit growth. Free cash flow⁶ for the period was US$281 million, up 78% year-on-year. As at 31 December 2025, the Group’s net cash was US$70 million, compared to US$468 million net debt at 31 December 2024.

SUSTAINABILITY

We remain firmly committed to our purpose to sustainably serve Asia for generations with everyday moments – with a focused, balanced, collaborative approach taking into account the macroeconomic environment and consumer sentiment. We are driving progress on our pathway to reduce our Scope 1 and 2 emissions by 50% by 2030 from a 2021 baseline, with our targeted investments in refrigerant emissions management, energy efficiency, and behaviour-change initiatives across our operations gaining momentum throughout the year. From 2025 to 2030, we will further increase the share of renewable energy use in our portfolio, helping to accelerate the energy transition in the key markets where we operate.

As advocates for our customers and the communities we serve, we are committed to delivering affordable, sustainable products. In 2025, we delivered 380 tonnes of Own Brand low-carbon rice to our Hong Kong markets and added multiple products through our Grounds to Green programme to our 7-Eleven RTE range. These award-winning initiatives demonstrate our ability to anticipate customer expectations and deliver on market demands. We maintained strong discipline in waste and packaging management, keeping us on track to meet our 2030 targets.

BUSINESS REVIEW

HEALTH AND BEAUTY

Sales for the Health and Beauty division grew 7% year-on-year or 5% on an LFL basis to US$2.6 billion. Underlying operating profit was US$228 million for the year, representing an increase of 8% compared to 2024.

Both Mannings and Guardian achieved strong LFL sales performance, supported by growing wellness sales penetration towards the mid-term target of over 35%. To further strengthen our leadership in wellness – a cross-category opportunity spanning health, beauty and personal care – Mannings and Guardian complemented their wellness-focused assortment with in-store health, skin and scalp assessments in selected outlets. Our personalised consultations and tailored product recommendations deepen our engagement with customers, supporting larger basket sizes and higher purchase conversion.

Hashtag: #DFIRetailGroup #Mannings #Guardian #7-Eleven #Wellcome #MarketPlace #IKEA #yuu #Maxim’s

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

DFI Retail Group