News related to
holdings

The agreements were signed at the Vietnam-Thailand Business Forum and the Vietnam-Singapore Technology Connectivity Forum, held as part of Party General Secretary and State President To Lam’s official visits to the Kingdom of Thailand, the Republic of Singapore, and the Republic of the Philippines from May 28 to June 1, 2026.

In Thailand, Vinpearl announced the expansion of its strategic partnerships with Agoda and AirAsia MOVE to strengthen the international presence of its integrated tourism, hospitality, and entertainment ecosystem.

Through Agoda, one of the world’s largest online travel platforms, Vinpearl aims to optimize business performance across its tourism, hospitality, and entertainment portfolio while expanding its reach in key markets including Southeast Asia, India, the Middle East, Australia, and long-haul international traveler segments. The partnership also marks a new milestone for VinWonders, with its integrated leisure and hospitality products now being offered directly through Agoda’s global platform.

The partnership with AirAsia MOVE is designed to broaden international access to Vinpearl and VinWonders hospitality, leisure, and entertainment offerings in Phu Quoc, Nha Trang, and Da Nang-Hoi An through one of the region’s leading digital travel platforms. Via AirAsia MOVE, travelers can conveniently book flights, accommodations, and attractions within a single itinerary, making it easier to choose integrated Vinpearl and VinWonders experiences when visiting Vietnam.

With access to a network of more than 700 airlines and over one million hotels worldwide, AirAsia MOVE is expected to further strengthen the visibility of the Vinpearl and VinWonders ecosystem among international travelers, while also enhancing Vietnam’s appeal as a destination for visitors from ASEAN and other key global markets.

In Singapore, Vinpearl also signed partnership agreements with BeMyGuest and GlobalTix, two of the Asia-Pacific region’s leading technology and distribution platforms for travel experiences.

Supported by extensive partner networks and some of the region’s most diverse travel product portfolios, these collaborations are expected to strengthen the presence of the VinWonders brand across Southeast Asia, China, and India, while expanding international access to unique experience offerings in Nha Trang, Phu Quoc, and Da Nang.

Through these agreements, the partners will leverage their respective strengths in technology, distribution, and customer ecosystems to progressively expand the international footprint of Vinpearl and VinWonders while enhancing the global appeal of Vietnamese tourism.

Ms. Ngo Thi Huong, Chief Executive Officer, Vinpearl, said: “These partnerships not only expand Vinpearl’s network of strategic partners but also create a strong foundation for the Vinpearl and VinWonders ecosystem to connect more deeply with global traveler segments through some of the region’s leading travel, aviation, and distribution platforms. This represents an important step in our strategy to strengthen international competitiveness and position Vinpearl destinations among the top choices for travelers across Asia.”

Mr. Krishna Rathi, Associate Vice President, Supply, Agoda, said: “With its extensive scale of operations, diverse portfolio, and ability to develop integrated destinations, Vinpearl is one of the most outstanding partners in Vietnam’s tourism industry today. We believe this partnership will help the Vinpearl and VinWonders ecosystem engage more deeply with rapidly growing international traveler segments across Asia and global markets.”

Ms. Nadia Omer, Chief Executive Officer, AirAsia MOVE, said: “We highly value the opportunity to partner with Vinpearl in unlocking strategic collaboration potential within one of Southeast Asia’s most dynamic and fast-growing tourism markets. As an OTA platform with a comprehensive travel ecosystem and extensive regional connectivity, AirAsia MOVE is committed to further enhancing travel connectivity and intra-regional tourism flows. Vietnam is emerging as one of the region’s brightest tourism destinations, and we believe the combination of Vinpearl’s leading hospitality and entertainment ecosystem with AirAsia MOVE’s distribution and connectivity capabilities will create significant growth opportunities for the tourism sector in the years ahead.”

The partnerships with Agoda, AirAsia MOVE, BeMyGuest, and GlobalTix mark another milestone in Vinpearl’s strategy to internationalize its tourism, hospitality, and entertainment ecosystem while expanding the presence of Vinpearl and VinWonders accommodation, leisure, and experience offerings across global travel platforms.

Hashtag: #Vinpearl

https://vinpearl.com/en

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

About Agoda

Agoda is a global online travel platform offering more than six million accommodation options, including hotels, resorts, apartments, and vacation villas, as well as flight bookings, travel activities, and related travel services. Headquartered in Singapore, Agoda is part of Booking Holdings (Nasdaq: BKNG). The platform operates in 39 languages, provides 24/7 customer support, and employs more than 7,500 people worldwide.

About AirAsia MOVE
AirAsia MOVE (MOVE) is the digital travel platform of Capital A Group and has been recognized by the World Travel Tech Awards as Asia’s Best Travel Booking App for three consecutive years since 2023. Focused on building a comprehensive travel ecosystem, MOVE delivers affordable, seamless, and personalized travel experiences across Southeast Asia and international markets.

The platform currently connects travelers to more than 700 airlines and over one million hotels worldwide while offering a wide range of services including attraction tickets, airport transfers, travel insurance, and integrated travel products. AirAsia MOVE also enhances user experience through its loyalty program and AskBo, an AI-powered travel chatbot.

About BeMyGuest
BeMyGuest is a Singapore-based travel technology company founded in 2012, specializing in booking and distribution solutions for attractions, tours, and travel experiences across the Asia-Pacific region. Its ecosystem includes the Distribution Network and Xplore Booking System, which support sales management, multi-channel distribution, and digital operations for thousands of partners in the experience tourism industry. BeMyGuest is connected to numerous online travel platforms and international distribution partners while providing multilingual solutions and flexible pricing models for integrated systems.

About GlobalTix
GlobalTix is a global technology and distribution platform for attractions, tours, and travel experiences, headquartered in Singapore with operations across multiple Asia-Pacific markets. Founded in 2013, GlobalTix enables attractions and experience operators to connect with travel agencies, online travel platforms, and international distribution partners through a unified platform. Its partners include major brands such as Mount Faber Leisure Group, Taman Safari Indonesia, Mandai Wildlife Group, National Gallery Singapore, and Singapore Airlines.

About Vinpearl

Vinpearl is Vietnam’s leading hospitality, tourism, and entertainment brand, currently operating 60 properties across 20 provinces and cities nationwide. Its ecosystem includes a network of five-star hotels and resorts with more than 17,500 rooms; 15 VinWonders theme parks featuring attractions for visitors of all ages; six world-class golf courses; and three VinPalace convention and performing arts centers. The portfolio also includes two semi-wildlife conservation and care parks, an equestrian academy, and million-dollar live-action performance shows in destinations such as Nha Trang and Phu Quoc, attracting millions of visitors each year.

Highlights of FY25/26 Results

HONG KONG SAR – Media OutReach Newswire – 28 May 2026 – Johnson Electric Holdings Limited (“Johnson Electric”), a global leader in electric motors and motion subsystems, today announced its results for the twelve months ended 31 March 2026.

Group sales for the 2025/26 financial year were US$3,650 million, an increase of 0.1% compared to the prior year. Net profit attributable to shareholders decreased by 23% to US$202 million or 21.59 US cents per share on a fully diluted basis. Adjusted net profit, excluding the effects of non-cash foreign exchange rate movements, the impairment of intangible assets, restructuring charges, and adverse fair value movements in investments, declined by 13% to US$234 million.

Sales Performance

The Automotive Products Group (“APG”) achieved sales of US$3,054 million, which amounted to 84% of total Group sales. Excluding currency effects, APG’s sales decreased by 3%.

Global automotive industry production volumes increased slightly over the prior year, but growth remains lacklustre in most markets due to affordability concerns and the challenges faced by OEMs and suppliers in adjusting to geopolitical uncertainty, tariff pressures, and the shifting economics of battery electric vehicles that continue to be shaped by the level of government subsidies available to consumers.

APG’s sales are divided broadly equally across the three major geographic regions of demand, but performance over the past year reflected distinct variations in local market conditions, as well as APG’s own mix of OEM customers and the timing of new program launches.

In Asia, the division’s sales declined by 7% on a constant currency basis primarily due to the ongoing erosion in market share held by Sino-foreign joint venture OEM customers in China. APG has continued to win significant new business awards from Chinese domestic OEMs and their suppliers, which now account for the majority of its sales in China. However, the division’s historically large share among joint venture customers has acted as a drag on its recent sales performance that is taking time to reverse. The domestic passenger vehicle market in China itself experienced a sharp slowdown in sales in the first quarter of 2026 due to the phasing out of trade-in subsidies designed to encourage the purchase of electric vehicles.

APG’s sales to the Americas increased by 1% on a constant currency basis in a market that saw total light vehicle production volumes broadly flat. The predominant factor constraining new car sales in North America is cost of living concerns, with many low to middle income car buyers struggling to afford new vehicles that, on average, have increased in price by over 30% since 2020.

In Europe, APG’s sales decreased by 2% on a constant currency basis. The European auto market continues to experience sluggish consumer demand at the same time that OEMs are hampered by excess production capacity and the impact of shifting emissions regulations on their product model line-ups.

APG’s strategy in the context of the varied and unpredictable operating environment for component suppliers is, firstly, to focus on bringing to market innovative motion technologies that enable electrification, reduce emissions, and enhance passenger safety and comfort. Secondly, APG aims to offer its diverse base of customers an unrivalled total cost and value proposition that combines speed, scale, and reliability of production with an adaptable global operating footprint.

The Industry Products Group (“IPG”) achieved sales of US$596 million – an increase of 2% compared to the prior year on a constant currency basis. After three successive years of declining sales, this marks an important return to growth for the division. In more commoditized product application segments, new business development has been redirected towards the rapidly growing base of Chinese manufacturers who are capturing an increasing share of the global market for consumer and commercial hardware goods – particularly for low-priced, entry-level products. In parallel, IPG is focused on supplying motion subsystem solutions to more specialized, higher-growth segments, including humanoid robotics, warehouse automation, medical devices, semiconductor manufacturing equipment, and liquid cooling applications.

Gross Margins and Operating Profitability

The Group’s gross profit of US$840 million, or 23.0% of sales, was essentially flat compared to the prior financial year. Slight increases in production staff costs, depreciation, and raw materials were offset by savings in other production overheads and direct labour.

Reported earnings before interest, tax and amortization (“EBITA”) amounted to US$258 million, a decrease of 22% compared to US$331 million achieved in the prior year. The decline was due to a combination of factors, including higher selling and administrative staff costs and other provisions, an impairment of intangible assets arising from a past acquisition, and reduced other income due to an adverse net change in the fair value of certain investments.

Net Profit and Financial Condition

Net profit attributable to shareholders decreased by 23% to US$202 million or 21.59 US cents per share on a fully diluted basis. Adjusted net profit, excluding the effects of non-cash foreign exchange rate movements, the impairment of intangible assets, restructuring charges, and adverse fair value movements in investments, amounted to US$234 million compared to US$268 million in the prior year.

The Group’s overall financial condition remains robust with a total debt to capital ratio of 10%, an interest coverage ratio of 22 times, and year-end cash reserves of US$902 million.

Dividends

The Board considers it appropriate to recommend maintaining the final dividend of 44 HK cents (5.64 US cents) per share, which together with the interim dividend of 17 HK cents per share, represents a total dividend of 61 HK cents (7.82 US cents) per share.

Chairman’s Comments on the Annual Results and Outlook

Commenting on the annual results for the financial year 2025/26, Dr. Patrick Wang, Chairman and Chief Executive, said, “Operating conditions for global manufacturing businesses during the financial year 2025/26 remained challenging, with end-market demand in most regions subdued and geopolitical events and uncertainties placing upward pressure on input costs.”

Dr. Patrick Wang further commented: “In the face of these headwinds, Johnson Electric maintained its long-standing resilience with sales and gross profit margins both holding up comparatively well. The bottom-line result, however, was negatively impacted by the effects of higher overhead expenses on a flat sales base, adverse net changes in the fair value of investments, and a non-cash intangible assets impairment charge.”

Concerning the near-term financial outlook, Dr. Patrick Wang said: “The global economy demonstrated resilience over the past year, despite the protracted conflict between Russia and Ukraine and the geopolitical shock of tariffs being imposed on US imports of goods from almost all countries. Looking ahead, the unstable and unpredictable conditions for trade and global manufacturing have been made even more precarious by the outbreak of war in the Middle East.”

“Johnson Electric has a long-standing track record in successfully navigating volatile global markets. In the near term, with geopolitical and macro-economic dynamics impossible to forecast with precision, management remains focused on cost control, managing the effects of inflation, and maintaining a prudent financial risk profile.”

“In parallel, however, we are also committed to invest in adapting and scaling our business model to meet strong underlying demand for our motion subsystem solutions in several high-growth end-markets and new product applications. Included among these are: thermal management systems for electric and hybrid vehicles that depend on a combination of water pumps, valves and actuators to support optimal vehicle cabin temperature, extend electric vehicle driving range, and contribute to longer battery life; solid oxide fuel cell power generation systems that are becoming established as an important source of low-emission, on-site electricity supply to AI data centres; and AI-enabled humanoid robots, which are widely viewed as one of the most significant industrial and commercial opportunities over the next ten to twenty years.”

Forward Looking Statements

This news release contains certain forward looking statements with respect to the financial condition, results of operations and business of Johnson Electric and certain plans and objectives of the management of Johnson Electric.

Words such as “outlook”, “expects”, “anticipates”, “intends”, “plans”, “believe”, “estimates”, “projects”, variations of such words and similar expressions are intended to identify such forward looking statements. Such forward looking statements involve known and unknown risk, uncertainties and other factors which may cause the actual results or performance of Johnson Electric to be materially different from any future results or performance expressed or implied by such forward looking statements. Such forward looking statements are based on numerous assumptions regarding Johnson Electric’s present and future business strategies and the political and economic environment in which Johnson Electric will operate in the future.

Note to Editors and Securities Analysts: The full text of the Annual Results announcement, includingfinancial statements, is available through the Investors section of company’s website at www.johnsonelectric.com
Hashtag: #JohnsonElectric

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

About Johnson Electric Group

At Johnson Electric, our vision is to be the world’s definitive provider of innovation and reliable motion systems.

We are a global leader in electric motors, actuators, motion subsystems and related electro-mechanical components, serving a broad range of industries including Automotive, Liquid Cooling, Robotic Joints, Smart Metering, Business Equipment, Ventilation, Home Automation, Large Appliances, Power Tools, Medical Devices and Lawn & Garden Equipment. The Group is headquartered in Hong Kong and employes over 30,000 individuals in more than 20 countries worldwide. We are listed on The Stock Exchange of Hong Kong Limited ( Stock no. 179). For further information, please visit: www.johnsonelectric.com.

Prudent Risk Management Yields Solid Outcomes metrics, Core Pawn Business Demonstrates Resilient Growth with Proposed Final Dividend of HK$1.15 cents per share

Results Highlights:

• Profit for the year attributable to shareholders increased by approximately 47.8% YoY to approximately HK$82.6 million
• Net profit margin increased by approximately 16.2 p.p. YoY to approximately 50.2%
• Impairment losses recognized on loan receivables decreased by approximately 72.6% YoY to HK$12.7 million
• Revenue from pawn loan business increased by approximately 12.9% YoY to approximately HK$98.6 million
• Proposed final dividend of HK$1.15 cents per share

HONG KONG SAR – Media OutReach – 27 May 2026 – The board of directors of Oi Wah Pawnshop Credit Holdings Limited (HKEx stock code: 1319.HK, the “Group” or “Oi Wah”) announced its annual results and its financial position. For the year ended 28 February 2026 (“FY2026“), the Group recorded revenue of approximately HK$164.4 million. Profit attributable to shareholders of the Company reached approximately HK$82.6 million, representing an increase of 47.8% compared to the year ended 28 February 2025 (“FY2025“). During the year, net interest margin expanded to approximately 17.2%.

As of 28 February 2026, the cash and cash equivalents (net of bank overdraft) amounted to approximately HK$376.9 million, representing a substantial increase of approximately 74.8% YoY. The net assets increased to approximately HK$1,155.7 million. Concurrently, the gearing ratio dropped to 4.1%. During the year, the earnings per share increased by approximately 48.3% YoY to HK 4.3 cents. The Board of Directors recommends a final dividend of HK 1.15 cents per share.

BUSINESS REVIEW

Mortgage loan business

In FY2026, the economy entered a phase of gradual recovery, leading to a steady resurgence in financing demand. The revenue from the mortgage loan business was approximately HK$65.8 million and accounted for approximately 40.0% of the Group’s total revenue during the year. The gross mortgage loan receivables were approximately HK$612.5 million as at 28 February 2026. During the year, net interest margin of the mortgage loan business was approximately 10.1%.

In FY2026, the Group maintained a disciplined and risk-sensitive approach in its lending activities. While we observed an encouraging stabilization in the residential property market, the Group exercised intensified vigilance toward the commercial and industrial sectors due to persistent supply overhangs and valuation pressures. Our underwriting strategy remained focused on building a resilient loan portfolio by prioritizing high-quality collaterals and prudent loan-to-value ratios. During the year, the average loan-to-value ratio for first mortgage was approximately 56.27%, while overall average loan-to-value ratio for subordinate mortgage was approximately 40.82% of which, average loan-to-value ratio of subordinate mortgage that the Group participated in was approximately 3.73%.

Reflecting our robust credit risk management, the charge for impairment losses recognized on loan receivables decreased from approximately HK$46.3 million to approximately HK$12.7 million, representing a decrease of approximately 72.6% or HK$33.6 million.

Pawn Loan Business

The revenue from the pawn loan business increased by approximately 12.9% to approximately HK$98.6 million in FY2026. The business’s profitability was further bolstered by a significant 73.0% increase in the gain on disposal of repossessed assets, which reached approximately HK$19.2 million as compared to approximately HK$11.1 million in FY2025. This performance was mainly attributed to the unprecedented strength of gold prices and a highly active secondary market for luxuries, particularly high-end timepieces. These factors have further solidified the pawn loan business as a resilient and strategic hedge against broader economic volatility.

During the year, the Group continued to channel resources to advertising and promotion to enhance the Group’s brand exposure. Such effort has generated demand for one-to-one pawn loan appointment services for pawn loans exceeding HK$0.1 million.

PROSPECTS

Looking ahead, the Group maintains a stance of cautious optimism regarding the global economic recovery. While macroeconomic and geopolitical uncertainties may persist, we remain dedicated to a proactive yet prudent strategy to ensure sustainable long-term growth and maximize returns for our shareholders.

Within the mortgage loan market, our strategy will be characterized by a calibrated and divergent approach. We continue to hold an optimistic outlook on the residential property segment, where we intend to capitalize on the stabilizing interest rate environment by identifying high-quality mortgage opportunities. Conversely, we maintain cautious and vigilant towards the commercial and industrial sectors. Given the structural challenges of inventory overhang and the increasing prevalence of distressed assets, the Group will exercise intensified oversight in its credit underwriting and collateral appraisal to mitigate valuation risks.

Regarding our core operations, we anticipate our pawn loan business to remain resilient, supported by a firm gold price trajectory and sustained demand for liquidity management. To further enhance operational efficiency, the Group is actively optimizing its pawn shop network. We are strategically identifying more cost-effective locations within our established service areas, aiming to relocate our pawn outlets to premises with more competitive lease terms to reduce operating overheads while maintaining our leading market presence.

Simultaneously, our strategic partnership with PACM Group remains a key driver for geographic diversification. By proactively exploring institutional credit opportunities in developed markets while maintaining rigorous investment oversight, the Group is well-positioned to navigate evolving industry dynamics and deliver stable value to all stakeholders.

Mr. Edward Chan, Chairman and CEO of the Company, said, “Global geopolitical and macroeconomic uncertainties intertwine, placing pressure on the global economic recovery and posing ongoing challenges to the local property market. In the face of a complex external environment, Oi Wah has consistently adhered to a proactive yet prudent management strategy. Our core pawn loan business has fully demonstrated its role as a strategic tool to hedge against macroeconomic fluctuations, showcasing the Group’s strong resilience amidst market challenges.

Looking forward, we will adopt a carefully calibrated differentiation strategy and continue to drive regional diversification. Under strict investment monitoring, we will actively explore business opportunities in developed markets to further expand our revenue streams and customer base, striving to deliver long-term, stable, and sustainable returns for our shareholders.”

Hashtag: #OiWah

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

About Oi Wah Pawnshop Credit Holdings Limited

Oi Wah is a financing service provider in Hong Kong, mainly providing short-term secured financing, including pawn loans and mortgage loans. The Group established its first pawnshop in 1975 and currently owns 10 pawnshops and one premium service center in various locations in Hong Kong. Oi Wah diversified into mortgage loan business in 2009. The Group is the first local pawn shop which successfully listed on the Main Board of The Stock Exchange of Hong Kong Limited on 12 March 2013.

Regulators have moved against Futu Securities International, Tiger Brokers and Longbridge Securities, accusing them of operating securities businesses on the mainland without approval, soliciting domestic clients and processing offshore trading orders in breach of securities, fund and futures rules. The action has disrupted a once-popular route for mainland investors seeking exposure to global technology stocks, Hong Kong initial public offerings and US-listed Chinese companies.

The China Securities Regulatory Commission and other agencies have ordered a two-year rectification programme aimed at closing unauthorised cross-border securities, futures and fund businesses. During the wind-down period, affected mainland clients will be allowed to sell existing holdings and withdraw money, but will not be permitted to make new purchases through the targeted channels.

The clampdown marks a sharp escalation from the regulatory warning issued in late 2022, when online brokers were told to stop opening new accounts for mainland investors and remove trading apps from domestic app stores. Existing clients had largely been allowed to continue trading, preserving a grey-zone channel that gave better-off retail investors access to overseas markets despite China’s capital controls.

Futu has disclosed a proposed penalty of about 1.85 billion yuan, while Tiger Brokers’ parent, UP Fintech Holding, faces penalties and confiscation of illegal income totalling more than 400 million yuan. Longbridge has said it will comply with rectification requirements and that client fund safety is not affected. Regulators have also indicated that illegal gains from related onshore and offshore entities will be confiscated, with final administrative decisions subject to formal procedures.

Market reaction was swift. Shares of Futu and UP Fintech fell sharply in US trading after the enforcement announcement, while pressure spread to parts of the Chinese ADR universe as investors assessed whether reduced mainland retail participation could weigh on offshore-listed stocks. Hong Kong market participants also began reassessing the impact on brokerage flows, custody transfers and IPO distribution.

Citic Securities has estimated that as much as HK$250 billion in assets in Hong Kong could be affected by the crackdown, with Futu accounting for a large portion. The figure underlines the scale of wealth that had moved through offshore brokerage platforms even after Beijing tightened scrutiny of capital outflows and online financial services.

Investors are now exploring alternatives, including moving positions by custodian transfer to licensed Hong Kong banking channels, using accounts with international banks, or relying on approved schemes such as Stock Connect, the Qualified Domestic Institutional Investor programme and Wealth Management Connect. Those channels, however, have limits on eligibility, investment scope, quotas and product access, making them less flexible than the digital brokerage platforms that gained popularity during the pandemic-era boom in US and Hong Kong equities.

Beijing’s concern is not only securities law compliance. The wider policy objective is to control capital outflows, strengthen oversight of retail investment activity and prevent unlicensed overseas institutions from marketing financial products inside the mainland. The campaign also aligns with efforts to support domestic capital markets, where authorities have been trying to stabilise sentiment and encourage household savings to flow into regulated local investment products.

For the brokers, the enforcement action threatens an important part of their client base. Futu and Tiger expanded rapidly by offering low-cost, mobile-first access to overseas securities, appealing to younger and wealthier mainland clients who wanted exposure beyond A-shares. Both companies have been diversifying into Hong Kong, Singapore, Japan, Australia and the United States, but mainland-linked business remains material to investor perceptions of their growth prospects.

The crackdown may also reshape Hong Kong’s role as a financial gateway. Licensed institutions could benefit from account transfers and higher compliance-driven demand, but regulators in the city are expected to scrutinise whether account-opening documents, residency claims and fund-transfer routes meet legal requirements. That could raise operational costs and slow onboarding for brokers and banks serving mainland-related clients.

The Tokyo-listed investment group has become one of the most closely watched proxies for AI demand after committing tens of billions of dollars to OpenAI and building exposure across chips, power infrastructure, robotics and data-centre supply chains. The latest rally extended a sharp two-session advance that added tens of billions of dollars to SoftBank’s market value, marking one of its strongest runs since the technology boom that first made the group a symbol of risk-taking capital.

Investor enthusiasm has been driven by two linked expectations. OpenAI is preparing for a confidential US initial public offering filing that could set up a listing as early as September, while SB Energy, a power and data-centre infrastructure company backed by SoftBank and OpenAI, has said it intends to confidentially file for a US IPO. Together, the developments have strengthened the market view that SoftBank’s private holdings may be moving closer to public-market price discovery.

SoftBank’s OpenAI position is the main driver of that reassessment. The group has invested $34.6bn in the ChatGPT maker since September 2024 and has agreed to make a further $30bn investment through SoftBank Vision Fund 2. Completion of those tranches would lift its cumulative investment to $64.6bn for an ownership interest of about 13 per cent. The preferred shares are designed to convert automatically into common shares if OpenAI completes an IPO or related listing transaction.

OpenAI’s valuation has become central to SoftBank’s investment case. The company was valued at $852bn in private markets and preliminary discussions around a listing have included the possibility of a valuation as high as $1tn. The company is also seeking to raise at least $60bn at the lower end of earlier discussions, reflecting the huge capital needs of frontier AI model development, data centres, chips and power supply.

The OpenAI bet has already reshaped SoftBank’s earnings profile. The group reported a sharp profit rebound, helped by valuation gains tied to OpenAI, and said cumulative gains on the investment had reached $45bn. Its annual profit of about ¥5tn was described by the company as the highest recorded by a Japanese company, underscoring how quickly Son’s AI strategy has altered investor perceptions after years of scrutiny over the Vision Fund’s uneven performance.

SB Energy has added another layer to the rally because its business sits at the intersection of AI and power infrastructure. Founded in 2019, the company develops large-scale energy and data-centre projects and has positioned itself to benefit from surging electricity demand linked to AI workloads. It has raised more than $18bn in project capital and has a portfolio of about 5 gigawatts of operating and under-construction energy assets.

The company’s January partnership with OpenAI under the Stargate initiative placed it inside a broader push to build AI and energy infrastructure in the United States. That has made SB Energy more than a conventional renewable power developer in the eyes of investors. Its appeal rests on the argument that AI expansion will require dedicated power generation, grid connections and purpose-built campuses capable of supporting high-density computing.

SoftBank’s rally has also been supported by strength in Arm Holdings, the UK chip designer in which the group holds a large stake. Arm remains a key public asset for SoftBank and is viewed as a beneficiary of AI-related semiconductor demand. Gains in Arm shares have helped reinforce confidence that SoftBank owns multiple assets tied to the same structural theme, rather than a single concentrated wager on OpenAI.

The optimism carries risks. OpenAI faces intensifying competition from Alphabet’s Gemini, Anthropic’s Claude and other model developers, while the cost of training and operating advanced AI systems continues to rise. Credit analysts have raised concerns that the size of SoftBank’s OpenAI commitment may affect liquidity and asset quality, particularly as the group uses loans, asset sales and financing backed by holdings such as Arm and SoftBank Corp. to fund its strategy.

SoftBank arranged a $40bn bridge loan in March and drew $20bn in April, largely for the OpenAI investment, while also repaying part of that borrowing. The group has sold stakes in holdings including Nvidia and T-Mobile, issued bonds and considered other financing options as it reallocates capital towards AI. Chief Financial Officer Yoshimitsu Goto has said the group may also explore ways to use its OpenAI assets for financing if market conditions allow.

Taking place from May 12-14, 2026, the co-located events are expected to welcome 8,000 industry professionals from over 90 countries and regions. Spanning more than 30,000 sqm, the exhibition features over 150 brands showcasing next-generation technologies, immersive solutions, and digital infrastructure across the sector.

Against the backdrop of an estimated ~8% annual growth trajectory in Asia’s integrated resorts sector, according to a 2025 report by Research and Markets, the event underscores the region’s accelerating role as a global growth engine, where technology innovation and rising demand are increasingly converging.

Reflecting this shift, “Asia’s integrated resorts sector is entering a pivotal phase of transformation, as markets across the region continue to evolve with a broader mix of tourism, entertainment and lifestyle experiences,” said Yip Je Choong, Senior Vice President, Commercial, APAC, RX (Reed Exhibitions). “With G2E Asia and Asian IR Expo co-located, we are creating a platform that brings together stakeholders across the value chain to support innovation, collaboration and long-term, sustainable growth.”

Across the exhibition floor and conference programs, key industry leaders are actively engaging with peers to exchange insights and explore new opportunities for collaboration.

Leading Industry Figures Mark Opening Ceremony

The opening ceremony, held in the Expo Hall, officially marked the commencement of G2E Asia + Asian IR Expo 2026, with senior industry figures from across gaming, hospitality, and entertainment in attendance.

Guests included: (List to be provided)

Their participation reflects the industry’s sustained engagement and long-term commitment to advancing innovation across integrated resorts, gaming, and entertainment ecosystems.

Conference Programs Led by Global Industry Voices

G2E Asia and Asian IR Expo each feature dedicated three-day programs led by senior industry figures addressing technologies, regulations, and market forces shaping the sector’s future.

On Tuesday, May 12, Mr. Grant Chum, Chief Executive Officer and Executive Director of Sands China Ltd., delivers the opening keynote for G2E Asia Conference and Asian IR Summit, setting the strategic tone with insights into global industry trends shaping gaming and entertainment.

On Thursday, May 14, Mr. Mario Yau Kwan Ho, Chairman and Co-Chief Executive Officer of NIP Group INC., and Co-owner of Boston Celtics, is set to present a keynote for Asian IR Summit, offering perspectives on global market shifts and the evolving integrated resorts landscape.

Across both programs, speakers include:

• Mr. Adrian Lee, Head of Sales, Google Customer Solutions, Hong Kong & Macau, Google
• Mr. AI Watson, Chief Executive Officer, Dataworks Group
• Mr. Alan Teo, Chief Executive Officer, Hoiana Resort & Golf
• Mr. Cheng Wai Tong, Deputy Director, Macao Government Tourism Office
• Mr. Gregory Hawkins, President and Chief Operating Officer, Solaire
• Mr. Joseph Bufalino, Executive Director of Responsible Gambling, Marina Bay Sands
• Mr. Kenneth Feng, Chief Executive Officer and Executive Director, MGM China Holdings Limited
• Mr. Walt Power, Chief Executive Officer, The Grand Ho Tram
• And more.

Event Highlights Across May 12-14

Across three days, the co-located event presents a curated ecosystem of exhibition, education, and industry networking experiences.

Exhibition (May 12-14)
Discover innovation across gaming, entertainment, and integrated resorts, with more than 150 brands spanning the full industry ecosystem.

G2E Asia Conference (May 12-14)
Access critical market insights, regulatory developments, and business opportunities across Asia from the region’s leading platform for gaming and entertainment leaders.

Asian IR Summit (May 12-14)
Explore strategic insights across hospitality, technology, sports, and entertainment with senior leaders across the evolving integrated resorts sector.

Tech Talk (May 12)
Gain actionable insights from leading experts on leveraging Artificial Intelligence, applying Machine Learning in real-world operations, and using data to drive smarter, more profitable decisions.

May 12 Slots Networking:
Engage in exclusive roundtables for slots operators and suppliers to co-design next-generation gaming cabinets with embedded biometric feedback.

May 12 G2E Asia After Party:
Unwind with industry peers at a Venetian-themed gala featuring a live preview of 2027’s most anticipated VR casino suite.

May 13 Table Games Networking:
Exchange insights between operators and providers on gameplay evolution, innovation, and future table game ecosystems.

Be Part of the Future of Entertainment and Integrated Resorts

Industry professionals from gaming, entertainment, and integrated resorts sectors – including operators, providers, and hospitality experts – will gain strategic insights, networking opportunities, and explore cutting-edge innovations that are shaping the future of the sector.

Registration is available online and onsite.

To learn more about G2E Asia, visit www.G2EAsia.com.
To learn more about Asian IR Expo, visit www.AsianIRExpo.com.

Hashtag: #G2EAsia #AsianIRExpo2026

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