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Revenue Achieved Over 40% Growth Y-o-Y

Highlights:

• Revenue increased by 41.3% to approximately HK$8,572.2 million.
• Gross profit increased by 37.6% to approximately HK$486.2 million.

Financial Highlights:

HONG KONG SAR – Media OutReach Newswire – 27 March 2026 – CR Construction Group Holdings Limited (“CR Construction” or the “Company”, together with its subsidiaries, the “Group”; stock code: 1582.HK), a building contractor in Hong Kong, announced its annual results for the year ended 31 December 2025 (“FY 2025”). During FY 2025, the revenue recorded by the Group amounted to approximately HK$8,572.2 million representing an increase of approximately 41.3% as compared to approximately HK$6,066.0 million for the year ended 31 December 2024 (“FY 2024”). Profit for the year of the Group during FY 2025 was approximately HK$42.2 million.

In FY 2025, gross profit of the Group was approximately HK$486.2 million, representing an increase of approximately 37.6% as compared to approximately HK$353.2 million for FY 2024. The Group’s gross profit margin was approximately 5.7% and 5.8% for the year ended 31 December 2025 and 2024, respectively. During the Reporting Period, earnings per share of the Group was approximately HK7.84 cents (FY 2024: HK10.74 cents).

BUSINESS REVIEW
Construction Operations
As at 31 December 2025, the Group had 50 projects on hand with an aggregate original contract sum of approximately HK$32.6 billion. During FY 2025, the Group had been awarded 15 new projects with an aggregate original contract sum of approximately HK$5.6 billion and had completed 17 projects with an aggregate original contract sum of approximately HK$6.1 billion.

Building Construction Works
In FY 2025, the revenue generated from the building construction works was HK$7,697.8 million, representing an increase of approximately 42.1% as compared to approximately HK$5,414.5 million for the FY 2024. The increase was mainly due to the increase in revenue generated from new projects and existing projects during the year.

During FY 2025, the gross profit of building construction works was approximately HK$334.6 million, representing an increase of approximately HK$96.5 million as compared to approximately HK$238.1 million for FY 2024. The gross profit margin decreased slightly to approximately 4.3% (2024: 4.4%).

Repair, Maintenance, Alteration and Addition (“RMAA”)
The revenue generated from the RMAA works increased by approximately 40.4% from approximately HK$512.0 million for FY 2024 to approximately HK$718.9 million for FY 2025.

The gross profit of RMAA works was approximately HK$93.3 million, representing an increase of approximately HK$22.4 million from the gross profit of approximately HK$70.9 million for FY 2024. The gross profit margin decreased to approximately 13.0% for FY 2025. The increase in gross profit and decrease in gross profit margin was mainly due to increase in revenue from RMAA work projects with lower gross profit margin in FY 2025.

Environmental Operations
As at 31 December 2025, the Group had 8 projects with an aggregate original contract sum of approximately HK$158.4 million and 28 projects relating to service concession arrangements and operation services.

During FY 2025, the Group demonstrated its capacity for market expansion by securing its first wastewater treatment construction contract outside of Zhejiang Province in Gaoping City, Shanxi. Furthermore, the Company strategically formed a joint venture with Tiantai Construction and the Group to pursue new opportunities in environmental services and sewage treatment, thereby enhancing its existing business.

The revenue generated from the environmental operations in FY 2025 was approximately HK$155.5 million, representing an increase of approximately 11.5% as compared to approximately HK$139.5 million for FY 2024.

In FY 2025, the gross profit was approximately HK$58.3 million, representing an increase of approximately HK$14.1 million as compared to approximately HK$44.2 million in FY 2024. The gross profit margin increased to approximately 37.5% in FY 2025. This is mainly due to increase in revenue from sewage and reclaimed water treatment services, which contributed higher gross profit margin during FY 2025.

CONTRACT COSTS
The Group’s contract costs primarily consisted of subcontracting costs, material costs, direct staff costs and site overheads. The contract costs of the Group in FY 2025 were approximately HK$8,086.0 million, representing an increase of 41.5% compared to approximately HK$5,712.8 million in FY 2024, which was in line with increase in revenue, and was mainly attributable to the increase in subcontracting costs, material costs, direct staff costs and site over heads for new and existing projects in FY 2025.

TECHNOLOGICAL INNOVATION
During FY 2025, the Group placed significant emphasis on technological innovation to enhance its core competitiveness in the construction industry. The total expenditure for research and development was approximately HK$23.3 million.

The Group continued to implement its enhanced Smart Site Safety System (4S), reinforcing our safety management framework and maintain our ISO 27001 certification. The Group has also integrated a range of digital solutions – including BIM, 4S, RPA, and the MaiaAI System – into project management and daily operation, significantly improving both efficiency and safety standards. The Group’s AI Tower Crane System received with 2025 CIC Construction Innovation Award – Local Award (Construction Safety 2^nd Prize).

PROSPECTS
Subsequent to 31 December 2025, the Group has been further awarded 3 new projects relating to 1 building construction works contracts with original contract sum of approximately HK$3,590 million; and 2 RMAA works contract with an aggregate original contract sum of approximately HK$9.3 million.

The proactive measures outlined in 2025 Policy Address to accelerate infrastructure and stimulate industry growth present a significantly positive outlook for the local construction sector.

The commitment to major projects such as the Northern Metropolis, the Hong Kong-Shenzhen Innovation and Technology Park, and new transportation infrastructure is expected to generate substantial momentum for the Group’s business.

The Group will actively support and leverage government initiatives. We will remain focused on securing new and profitable project opportunities. Building on our proven expertise, the Group is strategically positioned to explore and pursue suitable construction business ventures both in Hong Kong and overseas.
Hashtag: #CRConstruction #華營建築 #AnnualResults

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

CR Construction Group Holdings Limited

CR Construction Group Holdings Limited, which is carrying out construction business for over 55 years locally, is one of the leading building contractors in Hong Kong. The Group principally act as a main contractor in building construction works and RMAA works projects across public and private sectors in Hong Kong. As a main contractor, the Group is responsible for (i) overall management of the projects; (ii) formulating work programmes; (iii) engaging subcontractors and supervising their works; (iv) sourcing construction materials; (v) communication and coordination with the customers and their consultant teams; and (vi) safeguarding compliance with safety, environmental and other contractual requirements.

ManpowerGroup Greater China and Beacon Group Partner with FGA Trust and Payment Asia to Launch “Talent in HK” Program

HONG KONG SAR – Media OutReach Newswire – 25 March 2026 – ManpowerGroup Greater China Limited (Stock Code: 2180.HK), a leading global workforce solutions provider, and Beacon Group (parent company BExcellent Group Holdings Limited, listed on the Main Board of the HKEX, Stock Code: 1775.HK), a renowned Hong Kong educational institution, today announced the joint launch of the “Talent in HK” Youth and Family Life Service Security Program.

This forward-looking initiative is supported by Payment Asia, a leading payment platform in Hong Kong, providing streamlined payment channels. FGA Trust will serve as the third-party custodian. The program aims to establish an institutionalized, transparent, and collaborative ecosystem, providing end-to-end protection from education and academic support to life services and career consultancy, while injecting long-term momentum into Hong Kong’s strategy to attract and retain international talent.

As Hong Kong continues to attract top-tier students globally, many non-local students face challenges adapting to a new cultural environment upon arrival. Recently, there has been a rising trend in crimes targeting this demographic, including scams involving impersonation of government or academic institutions, as well as telecommunications and online fraud. These incidents pose substantial threats to talents’ personal and financial security, causing significant concern for their families.

In response to these social concerns and to reinforce the comprehensive security net for international students, ManpowerGroup, Beacon Group, and FGA Trust have initiated this program to provide stable, orderly support and ensure the long-term residency of talent in Hong Kong.

Holistic Talent Services: Strengthening Hong Kong’s Foundation as an International Hub

The “Talent in HK” program offers comprehensive life services for students and their families. Beacon Group will provide a long-term study plan spanning three to five years, including customized education, admissions services, profile enhancement, and application support. Simultaneously, ManpowerGroup will facilitate internships, visa arrangements, and long-term career development services.

Once a student receives an admission offer, parents can inject tuition and living expenses through Payment Asia’s official channels into a dedicated project account monitored by FGA Trust. This ensures financial security and the precise disbursement of funds. The entire process will be followed by an audit report, ensuring a smooth transition from campus to the workplace. The program’s website is expected to go live around mid-April this year, with official applications opening in May.

In an era of intensifying global competition for higher education and talent, Hong Kong remains a pivotal international financial and educational hub. Non-local students are not only a vital component of the education system but also a driving force for cross-cultural exchange and future professional talent. They are estimated to contribute over HK$10 billion in tuition fees annually, serving as a significant pillar of the local economy.

Multi-Party Collaboration: A New Paradigm for Talent Services

The core strength of the program lies in its innovative collaborative model, bringing together industry leaders:

• ManpowerGroup Greater China (2180.HK): As the exclusive career development partner of the project, ManpowerGroup will leverage its extensive network and expertise to provide career planning, internship matching, and employment guidance, bridging the gap between graduation and professional life, and help students to have a smooth transition from academies to careers.
• Beacon Group (parent company BExcellent Group Holdings Limited 1775.HK): As one of the initiators of the project with 37 years of experience in the education sector, Beacon Group will provide personalized academic consulting and profile enhancement, provide better guidance and adaptation for candidates to pursuit their study in Hong Kong. Its deep roots in the education sector help families navigate educational choices and avoid scams or unnecessary hurdles.
• FGA Trust (TCSP license: TC008341): As the structural architect and asset trustee, FGA Trust will establish a specialized trust framework with individual sub-accounts for each student. This ensures funds for tuition, housing, and living expenses are managed with clear traceability, mitigating risks of fraud or improper spending.
• Payment Asia: As the primary channel partner, Payment Asia provides secure and compliant collection channels, ensuring the seamless transfer of funds into the program’s dedicated accounts.

Long-Term Vision: Supporting Urban Competitiveness

Studying abroad is the starting point for talent development in Hong Kong. Proactive financial arrangements reduce uncertainty during status transitions and life settlement, increasing the willingness of talent to remain in the city long-term. Data suggests that initiatives like the Top Talent Pass Scheme (TTPS) continue to drive local consumption, with rents for small-to-medium residential units expected to rise by 5% this year.

Ms. Lancy Chui, Senior Vice President of ManpowerGroup Greater China, stated: “We understand the strong desire of non-local graduates to work in Hong Kong. By providing proactive career planning and internship arrangements, we can reduce uncertainty during their transition into the local workforce, helping them settle and contribute to Hong Kong’s market.”

Ms. June Leung, Founder of Beacon Group, noted: “Talent cultivation requires long-term education. We are delighted to initiate this program, integrating academic support with life security and career development to provide a comprehensive, forward-looking environment for talent growth.”

Ms. Helen Chen, Chief Strategy Officer of FGA Trust, added: “Protecting the financial security and well-being of international students is both a social responsibility and a key to consolidating Hong Kong’s status as an international education hub. This program ensures a seamless transition from study to employment, transforming international talent into a long-term driver for Hong Kong’s development.”

The launch of “Talent in HK” marks a significant step from fragmented support to a comprehensive ecosystem. Through institutional innovation and cross-sector collaboration, the program aims to provide a safe harbor for international students and their families, contributing to Hong Kong’s goal of becoming a global talent hub.
Hashtag: #FGA #Trust #Talent #Career

https://www.linkedin.com/company/fga-trust/

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

FGA Trust

FGA Trust (TCSP License No. TC008341) is a premier trust and fiduciary services provider headquartered in Hong Kong, offering comprehensive wealth solutions to an international clientele. We specialize in trustee services, all-asset custody, and strategic financial planning. This core expertise is uniquely enhanced by our integrated lifestyle management, delivering a truly holistic approach to wealth preservation and growth.

Driving “Attract In” and “Go Global”, Accelerating Hong Kong’s Greentech Ecosystem Development

HONG KONG SAR – Media OutReach Newswire – 24 March 2026 – Hong Kong Science and Technology Parks Corporation (HKSTP) today hosted the “Green is Action: GreenTech Hub 1st Anniversary Showcase” at InnoCentre in Kowloon Tong, highlighting the achievements of Hong Kong’s leading hub for green innovation over the past year.

In its first year, GreenTech Hub expanded its partner network from 16 to 20 public-private organisations. By facilitating 360 business matching and hosting more than 100 greentech themed events, the GreenTech Hub is injecting new momentum into Hong Kong’s development as an international green technology and green finance centre.

The celebration ceremony for the 1st Anniversary Showcase was officiated by Professor Sun Dong, Secretary for Innovation, Technology and Industry, he said: “The anniversary of GreenTech Hub today is just the beginning. In collaboration with our three major I&T parks, the Government will continue to invest in I&T infrastructure and foster the development of strategic industries, with a view to enhancing the overall I&T ecosystem and promoting interactive development of the upstream, midstream and downstream sectors.”

Dr Sunny Chai, Chairman of HKSTP, remarked, “The first anniversary of GreenTech Hub proves that Hong Kong is where global green innovation converges and scales. We have attracted world-class R&D to the city while enabling homegrown greentech to be deployed worldwide for sustainable development. Through strategic partnerships, HKSTP is forging closer connections between research, industry, capital and real-world application scenarios, accelerating commercialisation and strengthening Hong Kong’s development into an international green technology and green finance hub.”

Leveraging Hong Kong’s Role as a Super-Connector to Bridge the Full Value Chain from R&D to Commercialisation

HKSTP announced the addition of four new partners to GreenTech Hub: CLP Holdings Limited, CTF Services Limited, Invest Hong Kong, and The Hong Kong and China Gas Company Limited, further strengthening Hong Kong’s green technology collaboration network. The GreenTech Hub brings together 20 partners spanning private enterprises, public bodies, universities, and industry associations. This collaborative ecosystem facilitates business opportunities, fosters knowledge exchange and best practices, and bridges financing gaps to expedite green technology development. Furthermore, leading local universities within the partner network offer talent training, testing facilities, and application scenarios for greentech solutions, speeding the journey from R&D to commercial impact.

HKSTP’s greentech ecosystem encompasses over 230 greentech companies, spanning new energy, green building, smart city solutions and green fintech. As the city’s leading collaborative platform for green innovation in the city, GreenTech Hub works closely with its partners to provide comprehensive support for park companies, fast-track the real-world application of green solutions, and further drive the synergistic development of green technology and green finance.

Global Expert Perspectives on Green Trends Alongside a Showcase of Breakthrough Technologies

The event featured a keynote address by Mr. Ethan N. Elkind, Director of the Climate Program at the Center for Law, Energy and the Environment (CLEE) at the University of California, Berkeley School of Law, who shared insights on global green development trends. Representatives from GreenTech Hub partners and park companies also shared their insights during two thematic panel sessions focusing on ecosystem collaboration and global expansion strategies.

To further elevate Hong Kong’s international profile and thought leadership in green technology, HKSTP plans to publish its first-ever research paper focusing on Hong Kong’s greentech ecosystem and energy storage technology in the fourth quarter of this year. GreenTech covers a broad range of areas, including new energy, energy storage and carbon trading, with battery and energy storage technology identified as one of our key focus areas. Given the strong growth potential of this sector, a dedicated research study would provide a more comprehensive review of the industry landscape and help identify the critical success factors needed to accelerate the commercialisation of battery and energy storage technologies.

As a two-way platform, GreenTech Hub has successfully attracted non-local greentech companies to establish a presence in Hong Kong while supporting local greentech ventures in expanding into international markets. Featured breakthrough technology solutions included:

Aurabeat — Award-winning energy-saving sonic air purification technology

Aurabeat has developed EcoSonic, a sonic air filtration technology combining AG+ silver-ion coating with sonic emitters, designed specifically for the commercial and industrial HVAC market. Its patented technology can reduce filter pressure drop by up to 70%, save up to 50% in energy, and improve indoor air quality. The solution has already been deployed in projects including the MTR, Hysan and Marina Bay Financial Centre in Singapore, demonstrating the strength of Hong Kong greentech in overseas markets.

Gotion High-tech — Globally leading new energy solutions

Gotion High-Tech is a world-leading provider of new energy batteries and green energy solutions. Its smart mobile energy storage charging unit, equipped with 209kWh large-capacity energy storage and 150kW high-power fast charging capability, supports a wide range of new energy transport and application scenarios, offering a breakthrough solution for EV charging infrastructure.

Harmony SkyTech — Drone systems, services and industrial application solutions

Harmony SkyTech showcased an electric vertical take-off and landing fixed-wing drone and related application solutions. These can be widely deployed in scenarios including power grid inspection, oil and gas pipeline inspection, surveying and mapping, logistics, and the transport of critical supplies, underscoring the immense potential of green low-altitude technologies.

Lihe Technology — Fully automated AI-powered water quality monitoring backed by national-level R&D

Lihe Technology specialises in environmental monitoring, water management and industrial automation. Its fully automated AI water quality monitoring system enables smart, highly efficient and precise monitoring. Through strategic collaboration with a GreenTech Hub partner, the company has established Hong Kong’s first branch of a National Engineering Research Centre of Advanced Technology and Equipment for Water Environmental Pollution Monitoring — Marine Eco-Tech Innovation Centre, driving the application and development of related technologies in Hong Kong.

One Energy — Electric motorcycles and the world’s first water-cooled fast-charging battery system

One Energy provides a one-stop e-mobility solution covering electric motorcycles, smart battery swapping stations and battery management systems. Its technology effectively shortens energy replenishment time, improves safety and enhances operational efficiency. The company has successfully expanded its footprint into Southeast Asia, Europe and Africa.

Hashtag: #HKSTP

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

Hong Kong Science and Technology Parks Corporation

Hong Kong Science and Technology Parks Corporation (HKSTP), established in 2001, has built a thriving innovation and technology (I&T) ecosystem in Hong Kong, supporting 12 unicorns, nurturing over 16,000 research talents, and hosting more than 2,400 technology companies from 24 countries and regions specializing in biomedicine, AI and robotics, fintech, and smart city development. HKSTP is dedicated to positioning Hong Kong as an international I&T hub.

To align with Hong Kong’s future development, HKSTP is committed to attracting and cultivating I&T talent, accelerating the commercialization of innovative outcomes, and providing comprehensive support for technology companies and professionals on their innovation journey. Its vibrant I&T ecosystem continues to grow, encompassing Hong Kong Science Park in Pak Shek Kok, InnoCentre in Kowloon Tong, and three InnoParks in Tai Po, Yuen Long, and Tseung Kwan O. These facilities drive advancements in applied technology, focusing on industries such as advanced manufacturing, micro- electronics, and biotechnology, steering Hong Kong toward new industrialization.

Hong Kong Science Park Shenzhen Branch, located in Futian, Shenzhen, leverages the strategic advantage of “support of the Motherland, connecting to the world.” It serves as a bridge for “bringing in and going global,” actively fostering cross-border I&T collaboration. The Shenzhen Branch supports global technology companies and professionals by providing research and collaboration spaces, with a focus on enterprises in seven key sectors: Medtech, big data and AI, robotics, new materials, microelectronics, fintech, and sustainable development.

HKSTP is dedicated to advancing Hong Kong’s I&T development by providing research infrastructure, startup and enterprise support services, professional investment and business expertise, fostering partnership networks, and attracting top talent. These efforts drive innovation as a new engine for economic growth for Hong Kong. More information about HKSTP is available at www.hkstp.org.

Under the partnership, Etiqa Insurance Singapore’s suite of Shariah-compliant Family Takaful products will be distributed through AIA Singapore and AIA Financial Advisers, the nation’s largest tied distribution channel comprising more than 6,300 highly professional, qualified AIA insurance representatives. This expanded reach significantly increases accessibility and choice for customers seeking principled and values-aligned protection and savings options.

Growing Demand for Values-Based Financial Solutions

Global demand for Takaful continues to rise as consumers increasingly prioritise financial solutions aligned with their personal values. The global Takaful market is projected to grow from US$36.5 billion in 2025 to US$63.6 billion by 2030, representing a compound annual growth rate (CAGR) of 11.7%[1]. Since launching its Takaful offerings, Etiqa Insurance Singapore has seen strong and accelerating momentum, supported by rising consumer awareness and growing confidence in Shariah-compliant financial protection.

Creating a Unified Takaful Ecosystem in Singapore

The partnership brings together the complementary strengths of both insurers to build a more cohesive and accessible Takaful ecosystem:

• Etiqa Insurance Singapore — The pioneer in reintroducing Takaful insurance to Singapore after more than a decade, with deep expertise and a dedicated Shariah advisory framework.
• AIA Singapore — One of the nation’s leading life and health insurers with extensive distribution capabilities, broad community reach and a diverse customer base.

Together, the two organisations are positioned to significantly expand the availability, understanding and adoption of Takaful solutions in Singapore.

“This partnership marks an important step in advancing access to Shariah-compliant protection and savings solutions in Singapore,” said Claudia Soh, Acting Chief Executive Officer, Etiqa Insurance Singapore. “By leveraging AIA’s extensive distribution network and strong presence within the Muslim community, we can scale Takaful solutions more effectively and reach customer groups that have historically been underserved. As demand for values-aligned financial planning grows, this collaboration reinforces our commitment to inclusive and responsible insurance.”

“This partnership with Etiqa is a pivotal step in our commitment to inclusivity and we are excited to work together,” said Alvin Fu, Chief Distribution Officer, AIA Singapore. “By integrating Etiqa’s Shariah-compliant expertise with our highly professional AIA insurance representatives, we can serve a wider customer base, close protection gaps and help more families live Healthier, Longer, Better Lives.”

Bringing Takaful to the Masses

While rooted in Islamic principles, Shariah-compliant, values-based Takaful solutions serve a broad spectrum of customers and appeal to increasingly values-driven consumers seeking ethical, transparent and socially responsible financial protection and savings solutions beyond the Muslim community.

Beyond distribution, Etiqa Insurance Singapore shares a long-term commitment to raising awareness, understanding and adoption of Takaful solutions across Singapore. Through educational programmes and community engagement initiatives, the partnership aims to enhance financial literacy, deepen understanding of Takaful principles and bring Takaful education directly to underserved communities, empowering consumers to make informed decisions on protection and savings.

Hashtag: #EtiqaSingapore #EtiqaSG

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

About Etiqa Insurance Pte. Ltd (Etiqa Insurance Singapore)

Etiqa Insurance Pte. Ltd. (EIPL) is a life and general insurance company licensed and regulated by the Monetary Authority of Singapore and governed by the Insurance Act 1966. Having protected customers in Singapore since 1961 under the name United General Insurance Co. Sdn. Bhd., the company transitioned into the Singapore branch of Etiqa Insurance Berhad in 2009. Today, EIPL in Singapore stands as the pivotal operating entity of Etiqa Insurance Group, a leading insurance and takaful provider in ASEAN.

EIPL offers a comprehensive range of life and general insurance products accessible through its diverse distribution channels, including bancassurance, agents, brokers, financial advisers, partnerships, direct and online sales via Tiq by Etiqa. Etiqa is rated ‘A’ by credit rating agency Fitch for the group’s ‘Favorable’ business profile. EIPL is owned by Maybank Ageas Holdings Berhad, a joint venture combining local market expertise with international insurance knowledge, with 69% ownership by Maybank, the fourth largest banking group in Southeast Asia, and 31% by Ageas, an international insurance group operating across 13 countries.

About AIA

AIA Group Limited and its subsidiaries (collectively “AIA” or the “Group”) comprise the largest independent publicly listed pan-Asian life insurance group. It has a presence in 18 markets – wholly-owned branches and subsidiaries in Mainland China, Hong Kong SAR[2], Thailand, Singapore, Malaysia, Australia, Cambodia, Indonesia, Myanmar, New Zealand, the Philippines, South Korea, Sri Lanka, Taiwan (China), Vietnam, Brunei and Macau SAR[3], and a 49 per cent joint venture in India. In addition, AIA has a 24.99 per cent shareholding in China Post Life Insurance Co., Ltd.

The business that is now AIA was first established in Shanghai more than a century ago in 1919. It is a market leader in Asia (ex-Japan) based on life insurance premiums and holds leading positions across the majority of its markets. It had total assets of US$345 billion as of 31 December 2025.

AIA meets the long-term savings and protection needs of individuals by offering a range of products and services including life insurance, accident and health insurance and savings plans. The Group also provides employee benefits, credit life and pension services to corporate clients. Through an extensive network of agents, partners and employees across Asia, AIA serves the holders of more than 44 million individual policies and over 16 million participating members of group insurance schemes.

AIA Group Limited is listed on the Main Board of The Stock Exchange of Hong Kong Limited under the stock codes “1299” for HKD counter and “81299” for RMB counter with American Depositary Receipts (Level 1) traded on the over-the-counter market under the ticker symbol “AAGIY”.

Energy consultancy FGE NexantECA indicates that Beijing is nearing a decision to utilise privately held and state-influenced reserves to cushion domestic markets against potential disruptions from escalating conflict in the Middle East. The move reflects growing concern that sustained tensions involving Iran could constrain exports through critical shipping routes, including the Strait of Hormuz, a chokepoint for a significant share of global oil flows.

China has accumulated vast inventories over the past decade, combining strategic petroleum reserves with commercial storage held by state-owned refiners and independent operators. Analysts estimate that total holdings run into hundreds of millions of barrels, giving authorities a substantial buffer to stabilise supply without immediately increasing imports at elevated prices.

The prospect of tapping these reserves comes as benchmark crude prices show heightened volatility, driven by fears of supply interruptions and insurance risks for tankers navigating Gulf waters. Traders have been pricing in the possibility of reduced Iranian exports, either through direct disruption or tighter enforcement of sanctions amid shifting geopolitical alignments.

Officials in Beijing have not publicly confirmed any imminent release, but market signals suggest preparatory steps are under way. Refining margins in Asia have narrowed, while import patterns indicate a degree of caution, with some buyers delaying cargoes or seeking alternative suppliers outside the Middle East. The strategic calculus appears focused on avoiding panic buying that could exacerbate price spikes.

China’s approach differs from coordinated releases led by the International Energy Agency, which typically involve government-controlled reserves. Instead, the country has increasingly relied on a hybrid system where commercial inventories can be mobilised through administrative guidance. This model allows for flexibility while maintaining a degree of opacity, limiting the market impact of official announcements.

Industry experts note that the scale of China’s stockpiles gives it a unique capacity to influence regional demand dynamics. A measured release could dampen immediate import requirements, easing pressure on global benchmarks. At the same time, sustained withdrawals would need to be balanced against the need to rebuild inventories, particularly if geopolitical risks persist.

The Iran factor remains central to the outlook. Despite sanctions, China has continued to import significant volumes of Iranian crude, often through indirect channels. Any escalation that disrupts these flows would force refiners to seek replacements from other producers, including Russia, Saudi Arabia and Iraq, potentially reshaping trade patterns across Asia.

Shipping constraints add another layer of complexity. Insurers have raised premiums for vessels operating in high-risk zones, while some operators are reconsidering routes to minimise exposure. These developments could tighten effective supply even if production levels remain unchanged, reinforcing the rationale for drawing on stored barrels.

Domestic considerations also play a role. China’s economic recovery has been uneven, with industrial activity and transport demand fluctuating. Authorities are keen to prevent energy costs from becoming a drag on growth, particularly as policymakers navigate broader challenges in the property sector and export markets. Using reserves offers a tool to smooth price shocks without resorting to aggressive monetary or fiscal measures.

The move aligns with a broader trend among major economies to reassess energy security strategies in an era of heightened geopolitical risk. Strategic stockpiles, once seen primarily as emergency buffers, are increasingly being deployed as active instruments of market management. China’s large-scale storage capacity positions it at the forefront of this shift.

Market participants are closely watching for signs of implementation. A sustained drawdown could influence price expectations, especially if combined with policy signals discouraging speculative buying. Conversely, a limited or symbolic release may have only a modest effect, serving more as a reassurance to domestic consumers than a decisive intervention.

Producers in the Middle East are also monitoring developments. Any reduction in Chinese import demand could affect export volumes and pricing strategies, particularly for grades competing directly with Iranian crude. At the same time, alternative suppliers may see opportunities to capture market share if disruptions intensify.

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

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

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

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

Celebrating Life’s Journeys with the Launch of Travel Takaful

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

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

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

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

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

Enjoy journeys with Etiqa Insurance Singapore this March:

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

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

Hashtag: #EtiqaSingapore #EtiqaSG

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

About Etiqa Insurance Pte. Ltd (Etiqa Insurance Singapore)

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

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

The contribution was presented during a mock cheque presentation ceremony by Tan Sri Mohd Annuar Zaini, Chairman of 7-Eleven Malaysia Holdings Berhad, accompanied by Co-CEO of 7-Eleven Malaysia, Mr. Tan U-Ming.

The contribution will support the preparation and distribution of moreh meals at Masjid Negara following nightly tarawih prayers. Each evening during Ramadan, hundreds of congregants gather at the mosque not only to perform their prayers but also to share simple meals together, reflecting the values of generosity, togetherness and gratitude that define the sacred month.

Masjid Negara has long been a spiritual and community landmark where Malaysians from all walks of life come together during Ramadan. From families and students to workers and travellers passing through the city, the mosque becomes a place where people reconnect with their faith while experiencing the warmth of a community that looks after one another.

Through the Ramadan programme organised by the Persatuan Kebajikan Kakitangan Masjid Negara Kuala Lumpur, food packs are prepared and distributed nightly to congregants to ensure that worshippers who stay for evening prayers can enjoy a meal together before returning home. The initiative reflects the mosque’s ongoing commitment to serving the needs of the community during the holy month.

Tan Sri Mohd Annuar Zaini, Chairman of 7-Eleven Malaysia Holdings Berhad said that Ramadan is a meaningful time for communities to come together and support one another, and the company is honoured to play a small part in supporting the efforts of Masjid Negara in serving its congregants.

“Ramadan reminds us of the importance of compassion, humility and sharing our blessings with the community. We are honoured to support the efforts of Masjid Negara in bringing people together through their Ramadan moreh programme and hope that this contribution will help create meaningful moments of togetherness among worshippers.”

Beyond providing food, the moreh programme plays an important role in strengthening the bonds among congregants who gather nightly at the mosque. These shared moments of fellowship reflect the true spirit of Ramadan where acts of kindness and generosity help bring communities closer together.

This contribution is also part of Semurni Kasih, 7-Eleven Malaysia’s annual community initiative during the Ramadan period, which focuses on supporting meaningful programmes that uplift communities and promote the spirit of care and generosity. Through Semurni Kasih, the company continues to work with various community partners to extend assistance to those in need while encouraging Malaysians to share kindness with one another.

Through this contribution, 7-Eleven Malaysia hopes to play a meaningful role in supporting initiatives that uplift local communities and ensure that the spirit of giving continues to be shared throughout Ramadan.

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About 7-Eleven Malaysia

7-Eleven Malaysia Holdings Berhad through its subsidiary 7-Eleven Malaysia Sdn. Bhd. is the owner and operator of 7-Eleven stores in Malaysia. Incorporated on 4 June 1984, 7-Eleven Malaysia has made its mark in the retailing scene and has been a prominent icon for over 40 years. 7-Eleven Malaysia is the pioneer and largest 24-hour standalone convenience store operator in Malaysia with over 2,700 outlets nationwide and serves more than 1 million customers daily. 7-Eleven stores can be found across bustling commercial districts to serene suburban residential compounds throughout Malaysia, from petrol stations and LRT stations to shopping malls and medical institutions. My7E loyalty app boasted an impressive membership of 3.6 million users. As we forge ahead, our commitment remains steadfast in enriching the experience for our valued members, offering an array of rewards that enhance their journey as My7E enthusiasts. 7-Eleven is Always There For You. To learn more, please visit our website at www.7eleven.com.my