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The B2B cross-border trade payment market is immense, yet remain highly underserved

HONG KONG SAR – Media OutReach Newswire – 9 February 2026 – According to the World Bank, SMEs account for approximately 90% the world’s businesses and contribute 65% of the global cross-border trade. SMEs play a pivotal rolein most economies, particularly in emerging markets. Estimates from the World Trade Organization (WTO) and the Organization for Economic Co-operation and Development (OECD) suggest that B2B cross-border trade payment market for SMEs is worth approximately $20 trillion.

However, traditional commercial banks have been facing multiple challenges in serving SMEs, including strict compliance and risk control requirements, lower profit generating, and license limitations, resulting in a large unmet demand through formal financial systems.

XTransfer’s field research in emerging markets indicates that many SMEs resort to illicit settlement channels like underground banks out of necessity. In fact, the trade volume processed through these unofficial avenues could be 2 to 5 times larger than the official import and export figures.

Compared to other segments, B2B cross-border payment presents vast opportunities

In the cross-border payment industry, services can be categorised into four segments based on money flows:

Marketplace 2B
These businesses provide payment processing services for sellers on e-commerce platforms. Risk control is primarily based on e-commerce platform’s integrated of data streams (e.g., merchant details, logistics, transaction history). With relatively low technical barriers and compliance capabilities, the industry is highly saturated.

B2B
Focused on traditional cross-border trade enterprises, this segment has huge potential but features high risk control complexity and high barriers. Payment service providers must individually verify the entire information flow pertaining to each transaction (including buyer/seller details, orders, logistics, contracts, etc.), which results in many companies attempting to enter, but few succeed.

C2C
This primarily covers cross-border remittances between individuals. The overall market scale is relatively small, with limited use cases.

C2B
This is the most well-established segment, dominated by cross-border payment giants such as Visa, Mastercard, PayPal, and Stripe. The market is saturated with intense competition.

As a reference, the C2B cross-border payment industry has evolved dramatically over the last five decades, especially in the past ten years. Mobile wallet providers in China, the U.S. and Europe drove the mobile payment revolution, establishing a well-established cross-border settlement and risk control platform dominated by card schemes and wallets like PayPal. The system features significant advantages, including efficient transaction processes and unified risk control standards.

In contrast, B2B cross-border payments still primarily rely on traditional bank transfers. The sector as a whole is still on the cusp of the “mobile payment revolution” and has not yet formed a unified clearing mechanism or a standardized risk control system.

However, this development gap also points to a huge market opportunity. The B2B cross-border settlement market for SMEs desperately needs a shake-up. Service providers that possess a deep understanding of global customer needs and are equipped with technological and compliance capabilities will unleash vast growth potential in this space.

Beyond Borders: XTransfer Insights is a thought-leadership series that shares XTransfer’s perspectives on the forces shaping global trade and financial services. Through research-driven insights and real-world observations, it highlights emerging trends, key challenges, and opportunities across international markets.
Hashtag: #XTransfer #Crossborder #Payment #SMEs #whitepaper

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SpiceJet has expanded its international network with the launch of direct services linking Sharjah with key cities, adding fresh capacity to one of the Gulf’s busiest short-haul corridors and reinforcing Sharjah Airport’s position as a major gateway for travellers between the UAE and the subcontinent.

The new services mark SpiceJet’s return to Sharjah after a prolonged period of network consolidation, coming as demand for point-to-point travel continues to rise among expatriate workers, small businesses and leisure passengers. Airline executives said the route selection reflects sustained passenger flows and a preference for nonstop connections that reduce travel time and reliance on larger hub airports.

Sharjah Airport Authority confirmed that the additional frequencies strengthen the airport’s connectivity with South Asia, which remains among its most significant source markets for both inbound and outbound travel. Passenger traffic on these routes is underpinned by labour mobility, family visits, education links and growing trade ties, particularly in manufacturing, retail and services. Airport officials have previously indicated that traffic volumes on South Asia routes have shown steady recovery and expansion following the disruption of earlier years.

SpiceJet’s Sharjah operations are being introduced at a time when the carrier is gradually rebuilding its international footprint. The airline has focused on deploying narrow-body aircraft on high-density, short-haul sectors where cost discipline and quick turnarounds are critical. Industry analysts note that Gulf routes, especially those linking secondary airports, offer relatively stable yields due to consistent demand and limited seasonality.

The Sharjah services place SpiceJet in direct competition with established operators that already serve the corridor, including full-service and low-cost carriers. Competition on pricing and schedules is expected to intensify, benefiting passengers through wider choice and more flexible travel options. Aviation consultants say Sharjah’s appeal lies in lower operating costs compared with larger hubs, as well as its proximity to northern emirates with sizable expatriate populations.

Sharjah Airport has pursued a strategy of attracting airlines that focus on value-driven travel rather than purely premium traffic. The airport’s ongoing infrastructure upgrades, including terminal enhancements and airside capacity improvements, have been designed to handle rising passenger volumes while maintaining quick processing times. Officials have highlighted that improved facilities support airlines seeking efficient operations without the congestion associated with mega hubs.

For SpiceJet, the move also aligns with broader efforts to stabilise operations and restore market confidence. The airline has worked to address fleet availability and financial pressures, while selectively adding routes that promise strong load factors. Aviation sector observers say disciplined network growth is essential for carriers operating in a competitive low-cost environment, particularly as fuel prices, leasing costs and currency movements continue to influence margins.

Travel industry executives point out that Sharjah’s catchment area extends well beyond the emirate itself, drawing passengers from neighbouring regions who prefer a less crowded airport experience. This has helped Sharjah maintain its relevance despite intense competition from Dubai and Abu Dhabi. The addition of SpiceJet flights is expected to further diversify the airport’s airline mix and strengthen its role as a regional connector.

The launch also reflects a wider trend of carriers re-evaluating secondary Gulf airports as viable alternatives for international expansion. With bilateral air service agreements allowing incremental capacity growth, airlines are increasingly targeting routes that balance volume with operational efficiency. Analysts say this approach is particularly attractive for carriers seeking to rebuild international revenues without overextending resources.

Marvel at the Whimsical Gallop of Horses Adorned in Embroidered Artistry, Alongside an AI Fai Chun Photo Booth and Joyful New Year Rewards

HONG KONG SAR – Media OutReach Newswire – 6 February 2026 – This Chinese New Year, Pacific Place and Starstreet Precinct invite you to take a joyful gallop into the Year of the Horse with ‘Whimsical Gallop’ — a celebration that blends artistry, imagination and auspicious cheer. From 5 February to 3 March 2026, the mall is transformed into a contemporary Chinese garden awash in soft, nature-inspired pink hues. Leading the way is a striking 3.5-metre-tall embroidered horse in Park Court, alongside three other beautifully adorned horses brought to life by Hong Kong embroidery atelier YLYstudio. Together, this quartet of horses brings luck and fortune to all.

Beyond the installations, the festivities continue with thoughtful and playful experiences. Create your own personalised blessings at the ‘Splendid Blessings’ AI Fai Chun Photo Booth, and enjoy ‘Galloping Joy’ New Year Shopping Rewards with festive ‘Blooming Splendour’ Lai See packets and exclusive shopping treats. The celebration culminates with lively jazz tap dance performances and a lion dance parade, bringing heritage and modern festivity together for everyone to enjoy.

A Garden Where Embroidery Meets Imagination

Across the mall and into Starstreet Precinct, visitors are immersed in a fantastical Chinese landscape of embroidered ornaments, blooming florals, lanterns and gazebos. YLYstudio dedicated over 1,000 hours to handcrafting more than 590 ornaments featuring eight auspicious motifs — feathers, birds, pomegranates, coins, flowers, four-leaf clovers, ladybirds, and clouds — using over 80 types of sequins, threads, and ribbons. These motifs are showcased on the four horses, spreading good fortune while enriching the festive landscape with depth and artistry.

‘Blooming Splendour‘ Lai See Packets – Celebrate the Year of the Horse with Flourishing Flowers

The ‘Blooming Splendour’ Lai See packets are inspired by the elegance of embroidery. They feature delicate floral motifs rendered with painterly precision, blending layers of red, pink, and orange threads to create a sense of graceful movement. At the heart of the design, a sculpted floral emblem evokes abundance, beauty, and new beginnings, enriched with pearl-like accents recalling couture embroidery techniques, where beads, sequins and threads are meticulously layered.

Each set includes 10 Lai See packets in two harmonious colourways, accompanied by a velvet pouch in either soft pink, adorned with a pomegranate charm, or rich green, accented with a lucky four-leaf clover charm. These detachable embroidered charms are thoughtfully designed to be worn or styled long after the festive season, carrying the spirit of prosperity and good fortune throughout the year.

‘Galloping Joy‘ – Elevate Your Experience with Exclusive Shopping Rewards

From 5 to 16 February 2026, shoppers can enjoy festive privileges designed to usher in a prosperous year, including exclusive ‘Blooming Splendour’ Lai See packets, movie ticket exchange coupons, Pacific Place shopping e-vouchers and gourmet treats.

*Shoppers are required to join the Pacific Place Loyalty Programme – above and meet the accumulated same-day spending requirement by electronic payment during the Promotion Period in order to be entitled to redeem Shopping Rewards. The Rewards are limited in quantity and are available on a first-come, first-served basis while stocks last. Other Terms and Conditions apply.

Redemption Period: 5 – 16 February 2026
Redemption Location: Gift Redemption Counter, Level L1 (near Theory)
Redemption Hours: 11am – 10pm

Where Hooves Move to the Rhythm

The Year of the Horse arrives in a dance of joy. Step Out Studio and fellow tap dancers will be tapping out the heartbeat of the season, their rhythms galloping alongside the soaring notes of Jazz Band led by Nate Wong. Together, they will conjure a celebration where artistry and vitality run free. After the lions are awakened in an eye‑dotting ritual, our lion dance parade will unfurl like a living tapestry of tradition — spreading fortune, unity and exuberance throughout the mall, and inviting everyone to stride boldly into the year ahead.

Join the ‘Whimsical Gallop’at Pacific Place and Starstreet Precinct this Chinese New Year — where embroidered artistry, festive celebrations, and joyful rewards come together to welcome a year filled with good fortune and blooming possibilities.

Hashtag: #WhimsicalGallop #HorseInBloom #GallopingJoyAtPP

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About YLYstudio

YLYstudio is a Hong Kong-based embroidery atelier celebrated for blending traditional craftsmanship with contemporary design. Founded by Lilian Tsang Lai Yu and Matt Hui Yip Long, the studio brings decades of global fashion experience and artistry to every creation.

Lilian Tsang previously served as chief designer for a Hong Kong fashion label and honed her craft at LECOLE LESAGE, the prestigious haute couture embroidery school owned by the Chanel Group in Paris. She also interned at Elisabeth Gasbarre Rousseau Haute Couture Studio in Lyon, France. With a deep passion for teaching, Lilian now shares her embroidery expertise in Hong Kong, inspiring a new generation of artisans.

Matt Hui is a Hong Kong-based fashion designer graduated from the Royal College of Art in 2013. Passionate about the creative process and fine workmanship, he has collaborated on stage costumes for renowned singers including Panther Chan and Bondy Chiu. Since 2024, Matt has also ventured into the film industry as a custom tailor, contributing to international productions such as Ballad of a Small Player and Emmanuelle.

About Pacific Place

Located in the heart of Admiralty, Pacific Place is the destination for exceptional service and unique experiences. As a pioneer of innovative retail concepts in Hong Kong, Pacific Place continues to transform the retail scene by delighting visitors with an array of curated experiences through diversified offerings. Since its inception in 1988, Pacific Place has established itself as Hong Kong’s premier lifestyle hub, a mixed-use development that continues to evolve and grow as the ultimate destination to shop, dine, work, stay, relax and play. It houses one of Hong Kong’s largest collections of luxury brands and diverse dining offerings, making every visit a memorable one. In addition to being a prime transportation hub, Pacific Place is home to five Grade-A office towers, 268 serviced apartments, and four five-star hotels: The Conrad, Island Shangri-La, JW Marriott and Upper House Hong Kong.

About Starstreet Precinct

Starstreet Precinct is a vibrant destination in Wan Chai, comprised mainly of Wing Fung Street, Star Street, Moon Street, Sun Street, and St. Francis Yard. Over the years, the neighbourhood has evolved from a quaint, historic landmark, into an eclectic hangout hotspot for those with a unique sense of style and character. Filled with cosy cafés, restaurants, bars, boutique shops with the most coveted fashion selections, galleries and interior design stores, the precinct offers an array of day-to-night experiences. With a focus on community and a passion to foster a sustainable lifestyle for all, Starstreet Precinct and its tenants are collectively working to build a better future together. Connected to Pacific Place and Admiralty station through the Three Pacific Place underground link, the neighbourhood is a hidden gem in the heart of Hong Kong.

The company said the planned repurchase ceiling reflects a multi-year approach rather than a one-off market intervention, with execution paced according to market conditions, cash flows and strategic priorities. Kyocera has historically favoured conservative capital management, retaining substantial cash buffers to support long investment cycles across components, electronics, materials and energy-related businesses. The proposed scale marks a notable recalibration, suggesting management is prepared to return excess capital while maintaining flexibility for growth spending.

Market participants view the move against a backdrop of sustained corporate governance reform in Japan, where stock exchange guidance and investor activism have encouraged companies to justify capital allocation choices more explicitly. Share buybacks have become a visible response, particularly among firms trading below book value or carrying large cash balances. Kyocera’s announcement fits that pattern, though the delayed start in fiscal 2027 underlines a preference for orderly execution tied to medium-term planning.

The group has spent the past year reviewing portfolio efficiency and profitability across segments, including fine ceramics, semiconductor components, electronic devices and document solutions. Management commentary has emphasised stable cash generation and disciplined investment, with returns assessed against cost of capital. By signalling a sizeable buyback window in advance, Kyocera appears to be seeking to anchor investor expectations around capital returns while avoiding short-term distortions to operating strategy.

Analysts note that Japanese companies have increasingly used multi-year buyback frameworks to balance shareholder returns with industrial policy considerations and long-term employment commitments. Unlike ad-hoc repurchases, extended programmes can be scaled up or down without signalling distress, and they reduce the risk of buying shares at cyclical peaks. For Kyocera, whose earnings are exposed to swings in global electronics demand, that flexibility is likely to be central.

The announcement also highlights intensifying competition for capital among Japanese industrial groups. With domestic interest rates edging higher after years of ultra-loose monetary policy, holding large idle cash positions has become more visibly costly. At the same time, foreign investors have pressed boards to articulate clearer return targets, often favouring buybacks over dividends for their tax efficiency and balance-sheet impact. Kyocera’s plan reflects these cross-currents, even as it preserves room for dividends and strategic investments.

Industry specialists point out that Kyocera’s diversified structure complicates capital allocation decisions. The company spans mature businesses with steady cash flows and growth areas requiring sustained investment, including advanced materials and energy-related technologies. A pre-announced repurchase cap allows management to adjust deployment as segment performance evolves, rather than locking in rigid payout ratios.

From a governance perspective, the move reinforces a broader shift in boardroom priorities. Japanese regulators and exchanges have encouraged companies to engage more directly with shareholders, explain valuation discounts and set measurable improvement goals. Buybacks have emerged as a tangible mechanism to demonstrate responsiveness, particularly when accompanied by operational reforms. Kyocera has indicated that capital efficiency measures will run alongside cost controls, portfolio reviews and selective expansion.

Investor reaction has focused on the signal rather than immediate financial impact, given the programme’s future timeframe. Portfolio managers tracking Japan’s equity market say such announcements contribute to a narrative of structural change, even if execution remains years away. For long-term holders, the clarity around potential capital returns can support valuation, especially when paired with stable operating performance.

Profitability and core indicators remained among the strongest in the banking sector, reflecting the Bank’s sustainable growth quality.

In the fourth quarter alone, HDBank posted profit of over VND6.5 trillion (US$250.3 million), a 60% increase compared to Q4 2024.

As of the end of 2025, consolidated total assets reached VND931 trillion (US$35.8 billion), up 33.5% year-on-year. Total funding mobilisation stood at VND832 trillion (US$32 billion), with customer deposits rising 28.2%.

Outstanding loans increased 34.3% to VND588 trillion (US$22.6 billion), with credit focused on sectors featuring reasonable risk profiles and long-term growth potential, including SMEs, supply chains, production and business, exports and green projects. This strategy enabled the Bank to maintain high growth while effectively managing risk.

Total operating income rose 25.4% to VND42.7 trillion (US$1.6 billion) driven by strong growth in non-interest income, which rose 2.5 times year-on-year and accounted for 18.6% of the total.

Return on equity reached 25.3%, among the highest in the sector, while return on assets stood at 2.1%. During the year, HDBank paid stock dividends and issued bonus shares with a combined ratio of nearly 30%, reaffirming its commitment to shareholders.

The non-performing loan ratio remained low at 1.66%.The capital adequacy ratio under Basel II reached 16.7%, among the highest in the industry, providing ample room for credit growth and scale expansion without immediate pressure for capital increases.

2025 also marked a strategic milestone in HDBank’s long-term strategy with the completion of the receipt of DongA Bank subsequently rebranded as Vikki Digital Bank, a new-generation digital bank. In its first year of operation, Vikki recorded more than 2.1 million app downloads, highlighting strong growth potential in digital and retail banking.

Meanwhile, HD SAISON, a subsidiary of HDBank, posted profit of over VND1.39 trillion (US$53.5 million) with ROE of 22.5%.

HDBank now serves more than 25 million customers, with 94% of individual transactions conducted via digital channels.

Moody’s upgrade of HDBank’s credit rating to the top tier among Vietnamese banks in 2025 further strengthened investor confidence in the Bank’s financial strength and long-term growth prospects.

Hashtag: #HDBank

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• Henkel is celebrating its 150th anniversary under the motto “Future? Ready!”, highlighting its pioneering spirit, innovation, and commitment to responsibility
• Recognition and benefits for employees during the anniversary year, as well as initiatives and events worldwide

DÜSSELDORF, GERMANY – Newsaktuell – 19 January 2026 – This year, Henkel is celebrating a special anniversary: 150 years ago, on 26 September 1876, Fritz Henkel founded the company, which over the course of its history has developed into a global group with around 47,000 employees in more than 70 countries.

The 2026 anniversary year is held under the motto “Future? Ready!”, expressing confidence in Henkel’s continued successful development, even in challenging times marked by geopolitical tensions, technological transformation, and growing volatility. At the heart of the anniversary are the qualities that have shaped the company since its founding a pioneering spirit, innovative strength, and responsibility.

“150 years mark an important milestone in Henkel’s history. They stand for continuity, a pioneering spirit, and the courage to constantly rethink the status quo,” says Dr. Simone Bagel-Trah, Chairwoman of the Supervisory Board and Shareholders’ Committee of Henkel. “As a family-owned company, we bear responsibility towards our employees, society, and future generations. We are proud of how our employees around the world continue to bring the shared Henkel spirit to life and carry it forward every day. Our purpose expresses what we stand for: creating value and positive impact with our pioneering and entrepreneurial spirit, always keeping the well-being of today’s and future generations in mind. Or, as we say: Pioneers at heart for the good of generations. This gives me great confidence and trust as we look ahead.”

“With this special anniversary, we want to reaffirm our confidence in our capabilities, our people, our innovative strength, and our corporate culture,” says Henkel CEO Carsten Knobel. “Under the motto ‘Future? Ready!’, we are entering our anniversary year – a year in which we look back with great pride on our long history and, at the same time, look ahead with confidence to the path ahead of us. At the heart of the anniversary are our employees around the world, because they are the key to our success. That is why we are actively involving them in the celebrations – through tangible benefits such as advantages in the employee share program, an additional day of vacation, and, of course, a variety of events worldwide around the company’s birthday in September.”

An anniversary that brings people together: Benefits for Henkel employees

As part of the employee share program in 2026, Henkel will offer all participants an exclusive anniversary benefit. The company will top up every employee investment by 41 percent, enabling stronger participation in Henkel’s business success. In simple terms: employees who invest 100 euros in Henkel shares will receive shares worth 141 euros. In addition, all employees worldwide will be granted an extra day of vacation in their birthday month during the anniversary year.

In 2026, special celebrations and activities will take place at Henkel sites around the world, connecting the company’s past with a forward-looking perspective. The highlight will be September 26, the company’s founding day.

Tradition meets the future: Henkel looks back on 150 years of company history

Founded in 1876 in Aachen, Henkel has evolved from a small detergent manufacturer into a global company with leading market positions and strong brands such as Loctite, Persil, and Schwarzkopf. Today, Henkel generates annual sales of more than 21 billion euros and employs 47,000 people worldwide.

A comprehensive academic perspective on the company’s history is provided by the independent study “Henkel – From a detergent manufacturer to a global company” by Prof. Dr. Joachim Scholtyseck. The German version of the publication will be published on January 30, 2026. The English language version will be published in later spring 2026.

Further information, images, and the digital Henkel History Timeline are available here: https://www.henkel.com/press-and-media/facts-and-figures/150-years-of-henkel

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About Henkel

With its brands, innovations and technologies, Henkel holds leading market positions worldwide in the industrial and consumer businesses. The business unit Adhesive Technologies is the global leader in the market for adhesives, sealants and coatings. With Consumer Brands, the company holds leading positions especially in laundry & home care and hair in many markets and categories around the world. The company’s three strongest brands are Loctite, Persil and Schwarzkopf. In fiscal 2024, Henkel reported sales of more than 21.6 billion euros and adjusted operating profit of around 3.1 billion euros. Henkel’s preferred shares are listed in the German stock index DAX. Sustainability has a long tradition at Henkel, and the company has a clear sustainability strategy with specific targets. Henkel was founded in 1876 and today employs a diverse team of about 47,000 people worldwide – united by a strong corporate culture, shared values and a common purpose: “Pioneers at heart for the good of generations.” More information at www.henkel.com

Advancing R&D, talent development and the region’s energy transition

SINGAPORE – Media OutReach Newswire – 26 January 2026 – ST Telemedia Global Data Centres (STT GDC), one of the world’s fastest growing data centre colocation providers headquartered in Singapore, today announced two significant initiatives that strengthen Singapore’s position in the global digital and energy transition: the launch of the FutureGrid Accelerator, Southeast Asia’s first live High Voltage Direct Current (HVDC)-powered AI infrastructure testbed; and a suite of strategic Memoranda of Understanding (MOUs) with four Institutes of Higher Learning (IHLs) to advance skills development and expand internship and early career pathways for Singaporeans entering the workforce. These initiatives align with national efforts to support talent graduating into a challenging job market, while building the specialised capabilities required for next generation power and digital infrastructure.

Officiated by Ms Gan Siow Huang, Minister of State for Foreign Affairs and Trade & Industry, the announcement underscores a national push to build capabilities not only for AI-ready data centres, but also for the wider energy ecosystem, as Singapore and the region pursue net-zero ambitions.

FutureGrid Accelerator: HVDC innovation for AI and the wider energy transition
Located at the Nanyang Technological University, Singapore (NTU Singapore) Electrification and Power Grids Centre (EPGC) on Jurong Island, the FutureGrid Accelerator is a pioneering initiative jointly developed by STT GDC and LITEON, supported by the Energy Research Institute @ NTU (ERI@N) and NTU deep-tech spinoff Amperesand. It is the region’s first live testbed demonstrating HVDC integration with real AI workloads, addressing the high-density and high-resiliency requirements of next-generation AI computing.

While central to the future of AI data centre architecture, HVDC represents a broader opportunity: it is a foundational technology that supports more efficient, resilient and integrated power systems. This is critical for Singapore’s long-term energy strategy, its transition to low-carbon energy grids and the region’s increasing need for sustainable power delivery.

Why HVDC Matters: A scalable platform beyond the data centre
As AI and high-performance computing workloads scale, traditional alternating current (AC) power systems face inherent limitations. HVDC overcomes these constraints and delivers several transformative benefits:

• Up to 30% overall energy savings compared to conventional AC systems
• A reduction of up to 400 tonnes of CO₂ equivalent (CO₂e) per megawatt per year
• 45% lower copper consumption and a 30–40% smaller power-infrastructure footprint
• The ability to support ultra-high-density racks exceeding 1,000kW, with higher reliability and lower cost
• Native compatibility with renewable power sources able to feed directly to the direct-current system, avoiding inefficient power conversions

“The FutureGrid Accelerator is a strategic investment in Singapore’s long-term digital leadership,” said Bruno Lopez, President and Group Chief Executive Officer, ST Telemedia Global Data Centres. “By bringing together global industry leaders like LITEON with local deep-tech talent such as Amperesand, we are building infrastructure that is ready for future AI workloads while pioneering sustainable practices and setting new benchmarks for energy efficiency and carbon-conscious innovation. This initiative reflects our commitment to future-ready technologies and reinforces Singapore’s position as a global Centre of Excellence for advanced sustainable digital infrastructure. It is a bold step forward in shaping the future of data centres and accelerating energy transition across the region.”

Ms Gan Siow Huang, Minister of State for Foreign Affairs & Trade and Industry, said: “The FutureGrid Accelerator demonstrates how industry and academia can work together to drive innovation and strengthen Singapore’s global leadership in cutting-edge technologies. I also welcome STT GDC’s partnerships with ITE and SP, which will add to the suite of training options for the rapidly growing areas of AI and energy-efficient systems.”

The FutureGrid Accelerator will validate HVDC system performance at power loads of at least 325kW, incorporating the latest AI servers. The environment incorporates LITEON’s data centre reference architecture with Amperesand’s Solid State Transformer (SST) technology—an enabling innovation for next-generation HVDC deployment. STT GDC plans to deploy this technology in future data centres in Singapore and progressively scale adoption across its global operations.

“LITEON is committed to advancing the frontier of power management efficiency, and our collaboration with STT GDC and Amperesand is key to establishing the next standard for sustainable AI infrastructure in Asia,” said Jason Tsao, Head of Direct Current Microgrid at LITEON. “By deploying an end-to-end data centre reference architecture and integrated power management system in a live environment with STT GDC and partners, we are validating a high-density, energy-saving solution ready to meet the extreme demands of global technology leaders.”

“The FutureGrid Accelerator underscores NTU’s role as a strategic partner in shaping the future of sustainable AI infrastructure”, said Prof Lam Khin Yong, NTU’s Vice President (Industry). “By integrating cutting-edge HVDC technologies with our research capabilities and the entrepreneurial drive of NTU spin-offs like Amperesand, we are advancing impactful solutions that can significantly enhance energy efficiency and grid resilience. This collaboration showcases how universities can drive transformative innovations at the intersection of energy, digitalisation and sustainability.”

“Amperesand is obsessed with revolutionising Medium Voltage to critical load power delivery for next-generation AI data centres, defence, and other essential electrified assets. We focus on first principles to achieve market leading power density, efficiency, and reliability,” said Brian Dow, CEO and Co-Founder of Amperesand. “In this era of AI data centre and other critical power systems becoming economic and national security interests for many countries, Amperesand’s MV SST Platform enables in-country cyber-secure controls and data, regionally available supply chains, and low CAPEX intensity local manufacturing. Our solution is an intelligent, universal Medium Voltage power source that works on-and-off grid to improve critical infrastructure resilience as new large electrical loads come online.”

Developing Energy-Ready Skills: Partnerships with ITE, SP, NTU and NUS
STT GDC signed MOUs with the Institute of Technical Education (ITE), Singapore Polytechnic (SP), NTU Singapore and National University of Singapore (NUS). These partnerships will benefit more than 8,000 Singaporeans over five years through industry-aligned training in AI infrastructure and sustainable energy systems. This ensures the scaling of HVDC—and the broader energy transition—is matched by the transformation and availability of skills, jobs and talent development pathways.

Mr Lopez added, “Talent is the decisive enabler as we advance AI and sustainability infrastructure. These partnerships build a skilled workforce needed to strengthen Singapore as a global hub for advanced digital and energy systems.”

Key initiatives and impact:

• Building a talent pipeline: STT GDC will provide internship placements across ITE, SP, NTU and NUS over the next five years, with support from Enterprise Singapore. The programme offers immersive, hands-on experience in data centre operations and corporate functions such as IT, sustainability, finance and marketing, supported by mentoring from industry professionals. In addition, STT GDC will offer 100 sponsorships for Data Centre Foundation Certificate (DCFC®) offered by EPI, a global certification body for data centre facilities, data centre operations and industry professionals, accelerating entry into the sector.
• Developing industry-ready talent with ITE: The collaboration with ITE will benefit approximately 800 students annually — totalling 2,400 students over three years — from ITE’s engineering and information and communications technology (ICT)-related Higher Nitec and Work-Study Diploma courses. Key initiatives include co-developing industry-relevant curricula for full-time and Continuing Education & Training (CET) courses in data centre operations and sustainability; deploying a data centre virtual reality system at the ITE Extended Reality Centre for immersive training; supporting lecturer attachments and student internships; and enabling students to pursue the sponsored DCFC® course.
• Sustainability leadership with SP: The partnership with SP develops expertise in environmental sustainability and green data centre solutions. Initiatives include joint exploration of green technologies and practices; industry seminars and events to promote sustainable solutions; and targeted programmes for training, mentorship, applied projects and internships.
• Innovation and research leadership with NTU: The partnership with NTU combines cutting-edge joint R&D of solutions for AI data centres powered by direct current sources; training, curriculum and talent development for the AI data centre sector; industry and career talks; and internship opportunities across STT GDC’s group of companies.
• Graduate pathways with NUS: STT GDC’s collaboration with NUS supports accessible entry points for graduates through internships, training opportunities and ongoing career and industry engagement to raise awareness of digital infrastructure pathways.

Hashtag: #STTelemedia

https://www.sttelemediagdc.com/

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

About ST Telemedia Global Data Centres

ST Telemedia Global Data Centres (STT GDC) is one of the fastest-growing data centre providers with a global platform serving as a cornerstone of the digital ecosystem that helps the world to connect. Powering a sustainable digital future, STT GDC operates across Singapore, the UK, Germany, Italy, India, Thailand, South Korea, Indonesia, Japan, the Philippines, Malaysia and Vietnam, providing businesses an exceptional foundation that is built for their growth anywhere. For more information, visit https://www.sttelemediagdc.com/

Appendix: Partner Quotes

Mr Peter Lam, Chief Executive Officer, Institute of Technical Education (ITE): “At ITE, our focus is on equipping our students with future-ready skills for Singapore’s evolving economy. Through the partnership with STT GDC, our students gain valuable real-world training and exposure to advanced tools in data centre operations. This strengthens our efforts to prepare career-ready students and develop talent for Singapore’s growing digital infrastructure sector.”

Mr Soh Wai Wah, Principal and CEO of SP: “Singapore Polytechnic is committed to developing a future-ready workforce that can support Singapore’s growing demand for sustainable and resilient data centre operations. This partnership with STT GDC brings together our strengths in training, applied learning and industry collaboration to nurture talent in environmental sustainability and green solutions for data centres. Through co-developed programmes, mentorship, student projects and internships, we will build deeper capabilities and broaden pathways for learners to contribute to this important sector. SP looks forward to advancing this effort with STT GDC to support Singapore’s long-term industry and sustainability goals.”

Professor Lam Khin Yong, Vice President (Industry), Nanyang Technological University: “STT GDC is a partner that shares our commitment to advancing impactful research and developing future-ready talent. Leveraging NTU’s strengths in artificial intelligence, energy-efficient systems and translational innovation, this partnership will accelerate the co-development of next-generation AI data centre technologies while providing our students and researchers with valuable real-world experience. Together, we are helping to build a robust pipeline of skilled professionals who will support Singapore’s ambitions in sustainable and AI-driven digital infrastructure.”

Ms Joan Tay, Senior Director, NUS Centre for Future-ready Graduates: “NUS’ partnership with STT GDC is timely, as demand grows for skilled professionals to manage complex, high-density AI infrastructure. Through internships, training, industry engagement and access to recognised certification, we bridge education and industry to equip students with the skills and experience needed to thrive in today’s fast-evolving digital infrastructure space.”

The Group’s sales for the nine months ended 31 December 2025 were US$2,726 million compared to US$2,730 million for the same period in the previous financial year, a decrease of approximately US$4 million. Exchange rate movements had a favourable impact of US$40 million on the Group’s sales during the period.

Sales of Automotive Products Group (“APG”)

APG’s sales for the nine months ended 31 December 2025 were US$2,301 million, a decrease of US$14 million or 1% compared to the same period in financial year 24/25. Excluding currency effects, APG’s sales decreased by US$49 million or 2%.

The division’s sales changes by region, excluding currency effects, were as follows:

In Asia-Pacific, sales decreased by 6%, driven by pricing adjustments implemented to remain competitive and weaker demand for non-domestic car brands in China, which has historically been a strong market for APG. This was partially offset by growth in sales to domestic car brands. Sales of products for thermal management, steering and closure applications, together with oil pumps decreased, partially offset by increased sales of products for braking, vision and transmission applications.

In Europe, the Middle East and Africa (“EMEA”), sales decreased by 1%. Sales of products for closure, vision and thermal management applications decreased, mitigated by increased sales of oil pumps, powder metal components and other products for transmission applications.

In the Americas, sales increased by 1%. Sales of powder metal components, oil pumps and products for thermal management applications increased, largely offset by decreased sales of products for braking and engine and fuel management applications due to the phasing out of certain programs.

Sales of Industry Products Group (“IPG”)

IPG’s sales for the nine months ended 31 December 2025 were US$425 million, an increase of US$10 million or 2% compared to the same period in the previous financial year. Excluding currency effects, IPG’s sales increased by US$5 million or 1%. The overall performance reflects a mixed regional picture, shaped by varying market and customer dynamics.

The division’s sales changes by region, excluding currency effects, were as follows:

In Asia-Pacific, sales decreased by 1%, primarily due to significant price competition affecting both IPG and some of its customers in certain product segments. Consequently, sales of products for food and beverage, floor care and printer applications decreased. This was largely offset by increased sales for lawn and garden, medical and data centre cooling applications.

In EMEA, sales increased by 6%, driven by a combination of inventory replenishment by certain customers following their consumption of previous inventory surpluses, as well as the launch of new products. This resulted in increased sales of products for lawn and garden, and heating applications and flexible printed circuits. This was partially offset by a decrease in sales of products for beverage applications.

In the Americas, sales decreased by 2% mainly due to the combined effects of reduced demand from certain customers and some programs reaching end of life. This resulted in decreased sales of products for ventilation and surgical applications. This was partially offset by stronger sales of piezo motors and piezo motion subsystems, which benefited from strong demand for high-precision equipment for semiconductor manufacturing and medical drug-dosing systems.

Chairman’s Comments on Sales Performance and Outlook

Commenting on the Group’s sales performance and near-term outlook, Dr. Patrick Shui-Chung Wang, Chairman and Chief Executive, said: “Johnson Electric’s sales for the financial year to date have remained stable, reflecting generally subdued macroeconomic conditions and high levels of uncertainty related to geopolitics and US trade policies. Based on current trading conditions and customer orders, full-year Group sales are expected to be broadly similar to the prior year. In this environment, Johnson Electric remains focused on executing its strategy to deliver long-term value through innovation, operational excellence, and a resilient global supply chain.”

Cautionary Statement

Shareholders and potential investors in the Company are reminded that the information provided in this news release, including information related to the expected outlook for the full year, is based on the Group’s unaudited internal records and management accounts. This information has not been reviewed or audited by the Company’s auditors.

Shareholders and potential investors should exercise caution when dealing or investing in the shares of the Company.

Hashtag: #JohnsonElectric

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

About Johnson Electric Group

The Johnson Electric Group is a global leader in electric motors, actuators, motion subsystems and related electro-mechanical components. It serves 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 employs over 30,000 individuals in over 20 countries worldwide. Johnson Electric Holdings Limited is listed on The Stock Exchange of Hong Kong Limited (Stock Code: 179). For further information, please visit: www.johnsonelectric.com.