News related to
world

The German automotive supplier said the facility, formally inaugurated on 8 October, already employs more than 120 engineers and is expected to increase its workforce to more than 300 over the coming years. It did not specify a deadline for reaching that target or disclose the investment involved.

Engineers at the Pune centre are working on software, hardware, systems engineering and mechanical development for customers internationally. Their responsibilities include embedded software, functional safety, cybersecurity and technologies associated with the next generation of steering and chassis systems.

The operation will collaborate with Thyssenkrupp’s development teams in other countries throughout product development, rather than concentrating exclusively on projects for the domestic vehicle market. The company described the facility as an integrated part of its global research and development organisation.

Viktor Molnar, chief operating officer of Thyssenkrupp Automotive Technology, said software, electronics and collaboration between engineering teams across countries were becoming increasingly important to the automotive industry. The Pune operation would provide additional development capacity for customers worldwide, he said.

The expansion reflects changes in vehicle engineering as software increasingly controls functions previously handled primarily through mechanical components. Steering and chassis systems now require developers to coordinate electronic hardware, embedded code and physical components while meeting stringent safety and security requirements.

Functional safety work concerns the identification and control of hazards arising from failures in electrical and electronic systems. Cybersecurity engineering addresses vulnerabilities that could expose connected vehicle functions to interference or unauthorised access. Both are integral to the development of more digitally controlled automotive systems.

The Pune engineers will contribute to customer programmes at different stages of development, including systems design and integration. Thyssenkrupp has not identified individual vehicle manufacturers whose programmes will be handled at the new location, nor has it disclosed specific contracts associated with the expansion.

Björn Erbe, a senior research and development executive in Thyssenkrupp Automotive Technology’s chassis business, said the intention was to establish a significant engineering operation integrated with the group’s international teams. Combining expertise based in Pune with the company’s existing technical resources would enable it to expand development activities, he said.

The centre is situated at Solitaire Business Hub 2 in Pune’s Baner-Balewadi business district. The company identified the city’s established automotive manufacturing sector, universities, engineering businesses and availability of software specialists as factors behind its choice of location.

Recruitment is expected to concentrate initially on software, hardware and mechanical engineering, with specialist capabilities added according to technical needs and customer demand. The company has also indicated that it sees opportunities to work with universities and the wider engineering community in Pune.

The company’s move also places engineering functions and prospective customer engagement in the same city, although it has not yet publicly said whether the new sales organisation will operate from the engineering premises. The plans for sourcing and sales are separate from the confirmed staffing figures for the development centre.

The engineering investment forms part of a broader plan to expand Thyssenkrupp Automotive Technology’s activities in India. The company is strengthening its sourcing operations and establishing a sales team in Pune to build relationships with vehicle manufacturers and pursue business locally.

Manufacturing is not included in the newly inaugurated engineering centre. Thyssenkrupp said it envisages establishing production capabilities in India only if it secures suitable customer projects. No factory location, investment commitment or production timetable has been announced.

The distinction means the confirmed expansion concerns engineering capacity, while local manufacturing remains conditional on commercial demand. The company has similarly not given a precise timetable for the next phase of staffing at the Pune development site.

Plans for the facility were first announced in 2025, and engineering operations were progressively established before the formal opening. The inauguration therefore marks an expansion of an existing development team rather than the beginning of work at an entirely unstaffed location.

Thyssenkrupp’s steering business also announced a partnership with L&T Technology Services in June 2025 for a Pune software development hub dedicated to safety-critical steering applications. That agreement provided for L&T Technology Services to establish and manage the hub on the steering business’s behalf. The latest inauguration announcement did not specify whether the two Pune operations share facilities or personnel.

• As sole supplier, KONE provides all 184 units to Huanggang Port, enabling vertical flow design for 300,000 daily passengers
• One-year execution under dual Hong Kong-Shenzhen standards delivers fully integrated cross-border project execution
• Introduces 24/7 connected services to enable predictive maintenance, leveraging real-time data and AI for seamless, 24-hour port operations

HONG KONG SAR – Media OutReach Newswire – 12 October 2026 – The Huanggang Port—the world’s largest land port and the only 24-hour passenger link between Hong Kong and Shenzhen—is officially opened. Unlike the traditional horizontal border-crossing layouts, the port adopts an innovative vertical passenger flow design fully equipped with all 184 elevators and escalators exclusively provided by Finnish’s KONE. Spanning the 9-story complex, this people flow solution is expected to slash transit times from 30 minutes to just 5 minutes for up to 300,000 daily passengers.

184 elevators and escalators across 9 levels deliver seamless vertical passenger flow
Breaking away from traditional clearance layouts, the Huanggang Port utilizes the height of its nine-story complex to create a vertical passenger flow arrangement, with immigration facilities on different levels to free up ground-level space for public transit. To bring this seamless experience to life, KONE supplied all 184 elevators and escalators, including 102 elevators equipped with regenerative drive technology and 82 escalators. Notably, the escalators feature a maximum rise of 19.2 meters, while the elevators can accommodate loads of up to 12 tons. This solution is designed to support the port’s daily capacity of 300,000 passengers, significantly reducing walking distances and waiting times, while relieving traffic congestion especially during peak periods after large-scale events.

Digital predictive maintenance supports 24-Hour operations
As the only 24-hour land checkpoint between Hong Kong and Shenzhen, the port demands utmost equipment reliability. KONE 24/7 connected services continuously monitors all units, leveraging real-time data and AI technology to identify potential risks in advance. By shifting from reactive to predictive maintenance, this digital solution enables seamless, round-the-clock operations. During over a hundred pre-opening drills, all KONE equipment successfully passed the 20,000-person Shenzhen-Hong Kong boundary-crossing pressure test. This not only validates its ultimate stability but also underscores our strong capacity to handle massive passenger surges. Looking ahead, KONE aims to integrate elevator and escalator data with building systems to drive passenger flow analysis, operational planning, and resource optimization.

Cross-border collaboration elevates service integration across GBA
Navigating the different regulations of Hong Kong and Shenzhen within a complex cross-border environment, KONE completed the installation and commissioning of all 184 units in just one year. Reflecting on KONE’s capabilities in cross-border project execution, Mr. Eric Xie, Senior Vice President of KONE Bay Region and Managing Director of KONE Hong Kong, said, “To meet the growing infrastructure demands of the Greater Bay Area, KONE has optimized its strategic setup in the region by closely integrating our Hong Kong and Shenzhen services. This investment not only strengthens our supply chain but also accelerates the delivery speed of elevator and escalator parts. By pairing Hong Kong’s world-class service standards with Shenzhen’s local technical talent and strategic location, we have built a powerful regional support network to fuel the future development of the GBA.”

From Luohu and Liantang to the Huanggang Port, KONE is one of the few companies capable of delivering complex cross-border projects. Driven by our seamless cross-border synergy, KONE remains committed to supporting public infrastructure, commercial developments, and rail transit projects, contributing to the region’s ongoing development.

Hashtag: #KONE

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

About KONE

At KONE, our purpose is to shape the future of cities. As a global leader in the elevator and escalator industry, we move two billion people every day, making their journeys safe, convenient, and reliable with smart and sustainable People Flow®. In 2025, KONE had annual sales of EUR 11.2 billion, and at the end of the year over 60,000 employees in close to 70 countries. KONE class B shares are listed on the Nasdaq Helsinki Ltd. in Finland.
www.kone.com

Grounded in the school’s guiding ethos—“Through this place, we thrive, we serve, and find our place in the world”—this milestone celebration, themed “World of Possibilities,” will showcase how CSS empowers young learners to become thoughtful, adaptable global citizens. Visitors will experience first-hand the school’s inquiry-based learning model across its IB MYP, IB DP, and HKDSE pathways, designed to cultivate critical thinking, academic excellence, and international-mindedness.

Throughout the event, attendees will enjoy a vibrant campus experience featuring live student music and arts performances, academic showcases, interactive student-led charity booths, and opportunities to connect directly with CSS teachers, parents, students, and support teams. To gain deeper insight into academic life, families can attend the Admissions Talk (1:15 p.m. – 2:00 p.m.) at the School Hall to learn about the educational philosophy and admissions process, or register upper-primary learners for specialized P5 & P6 Classroom Taster Sessions (held at 12:00 nn and 2:15 p.m.) to experience CSS’s dynamic teaching approach firsthand.

Join us as CSS celebrates 20 years of transformative education and looks toward a future of limitless possibilities.

Sign Up & Enquiries
If you are interested in joining our CSS Open Day 2026, please fill in the Online Form here or scan the QR code below.

Contact Us: +852 2336 0233 / [email protected]

Hashtag: #CreativeSecondarySchool

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

Debut of ASEAN and Qinghai Pavilions alongside four key themes spanning energy, technology, green cities and waste management

HONG KONG SAR – Media OutReach Newswire – 12 October 2026 – Eco Expo Asia 2026, jointly organised by the Hong Kong Trade Development Council (HKTDC) and Messe Frankfurt (HK) Ltd, co-organised by the Environment and Ecology Bureau of the Government of the Hong Kong Special Administrative Region (HKSAR), will be held from 26 to 29 October at AsiaWorld-Expo.

HKTDC Associate Executive Director Silas Chu said: “Last month, the Hong Kong SAR Government unveiled the Policy Address and first Five-Year Plan, setting out a vision for building a green and liveable city. Across the region and beyond, China, the European Union and many ASEAN economies are actively pursuing carbon-neutrality or net-zero emission targets, and driving decarbonisation through regulations and industrial policies. Green transformation has shifted from policy aspiration to market rule. As global demand for ESG and green solutions continues to grow, Eco Expo Asia will bring together green technologies, innovative solutions, and global business opportunities to help enterprises capitalise on the new prospects emerging from this transition.”

He added, “This year’s Eco Expo Asia brings together over 340 exhibitors from 16 countries and regions, including first-time participants from Indonesia, Laos, Myanmar, the Philippines, Thailand, and Vietnam, highlighting the Expo’s growing international reach. Some 200 key officials and representatives of semi-official organisations from the Chinese Mainland, Hong Kong, Belt and Road countries, and ASEAN, will attend and tour the Expo, further promoting cross-regional cooperation and exchange.”

Speaking at the press conference, the Deputy Director of the Environmental Protection Department of the HKSAR Government, Dr Vanessa Au, expressed: “The 21^st edition of Eco Expo Asia, held under the theme ‘Connecting the World for a Sustainable Future’, dovetails with the HKSAR Government’s First Five-Year Plan, and implements the Policy Address precisely aligning with the National 15^th Five-Year Plan. It underscores our commitment to advancing Hong Kong’s green transformation, fostering green innovation, seizing the opportunities presented by the low-carbon economy, creating economic benefits and enhancing citizen well-being. Key highlights of this year’s expo include the HKSAR Government booth, the Environmental Campaign Committee Pavilion, the Hong Kong Pavilion and the newly established comprehensive experience zone for green technology. This year during the expo, the Environment and Ecology Bureau and the Ministry of Ecology and Environment of the People’s Republic of China will, for the first time, co-host the Belt and Road Green Innovation Conference in Hong Kong. In addition, the Environmental Protection Department, in association with the Belt and Road Initiative International Green Development Coalition and the Chinese Academy of Sciences, will jointly organise the second edition of the ‘Green Silk Road’ International Training Programme. This expo brings together stakeholders from all sectors, uniting our efforts to advance global carbon neutrality and sustainable development.”

Businesses show continued strong confidence in Hong Kong as an ESG business hub

The HKTDC has also released the “HKTDC ESG Index 2026”. The latest ESG Index stood at 67.3, up from 64.2 last year and well above the neutral threshold of 50, reflecting the continued strengthening of corporate confidence in Hong Kong’s role as an ESG hub. The survey also showed that 93% of respondents have integrated ESG into their overall business decision-making processes, while the share of businesses sourcing or selling ESG-related products and services rose from 29% in 2025 to 46% in 2026.

Silas said, “The rise in the ESG index reflects the continued strengthening of global businesses’ confidence in Hong Kong’s role as an ESG business hub. Results further demonstrate that ESG is increasingly being built into business decisions on investment, sourcing, and supply chain management, fuelling steady growth in demand for ESG products, services and solutions. ESG has evolved beyond a compliance requirement into a source of competitive advantage for companies.”

With strong demand for ESG solutions, Hong Kong is well positioned to unlock commercial opportunities across banking and finance, professional services, and innovation and technology. In terms of technological innovation, surveyed businesses identified the most impactful Hong Kong digital and ESG platforms for boosting performance as sustainable supply chain platforms (45%), AI analytics (37%), and cloud data reporting (30%). On supply chain management, respondents most valued Hong Kong’s ESG certification services (50%), followed by transparency and traceability tools (41%), and ESG audit and risk analysis solutions (36%).

Pavilion line-up expands with ASEAN and Qinghai Pavilion debuts

Eco Expo Asia brings together green innovations and technologies from around the world, offering the industry a platform to exchange ideas and explore new business opportunities. This year, the number of participating pavilions has risen to 18, covering a wider spread of regions. On the Chinese Mainland front, Qinghai Province makes its first appearance with a pavilion of its own, joined by the nine Chinese Mainland cities in the Greater Bay Area, Macao, Guangxi, Hunan, Shanghai, and Nanjing in Jiangsu Province.

Among the international group pavilions, the headline addition is a new ASEAN Pavilion, featuring 13 green technology companies from eight member countries, including Singapore, Laos, Malaysia, Myanmar, the Philippines, Indonesia, Thailand, and Vietnam. An ASEAN networking reception on the opening day will further strengthen business ties with the region. In addition, Korea Institute of Fusion Energy (KFE), bringing two companies, will showcase their marine environmental technologies and waste gas treatment equipment. The US State of Illinois returns after several years, while Canada, Italy, and the Netherlands maintain their regular presence.

Regarding Hong Kong exhibitors, the Hong Kong Science and Technology Parks Corporation once again leads 11 start-ups to the Expo to showcase local green innovation achievements. The Hong Kong Pavilion, supported by the Environmental Protection Department and coordinated by the Federation of Hong Kong Industries, is back with 19 local exhibitors presenting a diverse range of eco-friendly products, technologies and solutions. Rounding off the home-grown line-up, the HKSAR Government booth, featuring 11 bureaux and departments including the Environment and Ecology Bureau, and the Environmental Campaign Committee Pavilion, will highlight the city’s latest work in environmental protection and green development.

As a member of the HKSAR Government’s GoGlobal Task Force, the HKTDC will set up a GoGlobal Connect Zone, helping Chinese Mainland environmental enterprises tap international markets through Hong Kong’s professional services. A seminar on going global rounds out the programme, sharing practical experiences in expanding overseas.

Four thematic areas spotlight green innovation

Aligned with global trends and policy directions, this year’s Expo centres on four areas: Green Energy in Motion, Frontier Green Tech, Building for a Greener City and From Waste to Worth, showcasing the latest innovative green technologies, products, and solutions.

Under”Green Energy in Motion“, the Expo features green energy solutions spanning the maritime, land transport and aviation sectors. Echoing the call in the Policy Address and Hong Kong’s First Five-Year Plan to build a Sustainable Aviation Fuel (SAF) industry chain, EcoCeres Ltd. (Booth: 3-F30), a global leading SAF producer, makes its Expo debut with its advanced renewable SAF made from waste materials, alongside Hydrotreated Vegetable Oil (HVO). The Hong Kong Science and Technology Parks Pavilion (Booth: 3-E02) will also focus on energy, with start-ups presenting innovations such as EV chargers and modular EV conversion technology.

Under the “Frontier Green Tech” theme, around 30 start-ups and university spin-offs will show how research achievements have been transformed into practical environmental applications. Among them, first-time exhibitor Stellerus Technology Limited (Booth: 6-D27) will display the Multi‑Spectral Imaging Carbon Observatory (MUSICO), the world’s first lightweight, high‑resolution, high‑precision synergistic greenhouse gases observatory, which has already been deployed on China’s Tiangong space station. MUSICO monitors greenhouse gas emissions, supporting enterprises in formulating emission-reduction measures and supplying precise data to green finance institutions.

In keeping with the “building a green and liveable city” policy direction under Hong Kong’s Five-Year Plan, the “Building for a Greener City” theme gathers a host of innovations now in real-world use. Green Vigor Limited (Booth: 3-E02) will exhibit a modular hydropower system that converts wasted hydraulic resources from water tanks and cooling systems in buildings into electricity, a solution already in use in local shopping malls, commercial buildings and schools. AEC GreenTech Innovations Limited (Booth: 3-C20) brings a robot designed for plastering and paint spraying, which works at least five times faster than manual labour while halving material use, delivering environmental benefits. The technology has been adopted in local construction projects.

The fourth area, “From Waste to Worth“, assembles a number of leading Chinese Mainland enterprises in the waste management sector, including Chongqing Sanfeng Environment Group (Booth: 3-E30), named among Top 50 Environmental Enterprises in China and the Top 10 Influential Enterprises in China’s Solid Waste Industry, as well as listed environmental companies Dynagreen Environmental Protection Group (Booth: 3-B30) and Beijing Enterprises Environment Group (Booth: 3-D30), showcasing their waste management and resource circular solutions. Hong Kong-based Green AI Technology Limited (Booth: 3-E26) will launch REV, its new generation of the unmanned recycling station at the Expo, demonstrating how AI and automation can be applied to recycling.

Over 30 key events to gather experts from government, industry, academia and research

More than 30 forums and seminars will be held during the Expo, bringing together over 80 government officials, industry leaders and business representatives from the Chinese Mainland, Australia, Malaysia, Thailand, and other Belt and Road countries to share insights on green opportunities, success stories and forward-looking strategies.

The annual flagship event, Eco Asia Conference, will also feature a series of seminars centred on four key themes, with industry and academic experts presenting the latest developments. On 26 October, Professor Su Hui, Chair Professor in the Department of Civil and Environmental Engineering at HKUST, who spearheaded the development of MUSICO, will join Professor Kenneth Leung, Director of the State Key Laboratory of Marine Environmental Health at CityUHK, to discuss technologies for monitoring extreme weather and explore Hong Kong’s role as a regional green innovation hub. On 27 October, representatives from the Construction Industry Council and China State Construction Engineering (Hong Kong) Ltd will examine green building development from the perspectives of policy, certification and practice.

On 28 October, Avinash Persaud, Special Advisor on Climate Change to the President of the Inter-American Development Bank (IDB) and a member of the High-Level Expert Group on Climate Finance for the COP26, 27 and 28 Presidencies, will take to the stage. Drawing on his extensive experience spanning international finance, public policy, and climate finance, he will analyse emerging global trends in the field.

Public Dayinvites everyone to embrace green lifestyles

The final day of the Expo (29 October) will be Public Day, with free admission for the public, aiming to raise awareness of environmental protection and sustainability and to encourage the adoption of green lifestyles. A series of seminars on climate, environmental protection and food waste upcycling will be held that day. Speakers include representatives from the Hong Kong Observatory, Hong Kong meteorologist and former Assistant Director of the Hong Kong Observatory Leung Wing Mo, and guests from Ways Out HK, a local social enterprise that turns food waste into jewellery. Visitors can also take part in interactive workshops, including a recycled paper making workshop, green cleaners making workshop and green mini games, enabling participants to learn hands-on how to put resource recycling and green living into practice.

Register now : https://tinyurl.com/33s7wf64

Hashtag: #HKTDC #EcoExpoAsia #ESG #Sustainability

https://www.hktdc.com/event/ecoexpoasia/en
https://www.instagram.com/hktdclifestyle/

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

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

Preliminary figures released by the China Passenger Car Association on Saturday showed that retail deliveries totalled 1.702 million vehicles, compared with approximately 2.24 million during September 2025. Sales nevertheless increased 10% from August, reflecting a month-end improvement that failed to offset the substantial annual decline.

New-energy vehicle sales, covering battery-electric and plug-in hybrid models, declined 12% year on year to 1.141 million units. However, deliveries rose 14% from August, demonstrating stronger monthly momentum than the overall passenger vehicle market.

Electrified vehicles accounted for 67.1% of passenger vehicle retail sales during September, highlighting their growing dominance even as total purchases weakened. Their share of manufacturer wholesale deliveries reached 66.1%, according to the association.

The figures reveal a widening divergence between domestic consumer purchases and manufacturers’ distribution volumes. Passenger vehicle wholesale sales reached 2.528 million units, declining 10% annually but increasing 7% from August.

New-energy vehicle wholesale deliveries performed considerably better, rising 11% year on year to 1.672 million units. They also increased 11% from August, indicating that manufacturers maintained comparatively strong shipments despite softer domestic retail demand.

For the first nine months of 2026, cumulative passenger vehicle retail sales reached 13.418 million units, representing a 21% contraction against the corresponding period last year. The sustained decline illustrates the difficulty facing manufacturers seeking to stimulate purchases in the world’s largest automotive market.

New-energy vehicle retail sales totalled 7.816 million units between January and September, falling 12% annually. Their comparatively smaller contraction helped increase their proportion of overall passenger vehicle purchases.

Wholesale passenger vehicle deliveries reached 19.711 million units during the nine-month period, down 6% from a year earlier. New-energy wholesale shipments, however, increased 9% to 11.45 million units, reinforcing the contrast between production distribution and domestic retail activity.

The association’s figures suggest that electrification continues to reshape market demand without generating sufficient additional purchases to reverse the broader contraction.

Traditional petrol-powered vehicles faced particularly difficult conditions. The association identified higher fuel prices and changing consumer preferences as factors weighing on demand for conventional models.

It also observed that September, normally a stronger selling period for China’s automotive industry, had produced an unusually uneven performance. Manufacturers were competing for existing customers rather than benefiting from a substantial expansion in overall demand.

The industry body’s assessment indicated that gains were concentrated overwhelmingly among new-energy vehicles, while conventional petrol-powered models struggled to attract additional buyers.

Competition has intensified as manufacturers attempt to defend market positions, sustain factory utilisation and meet delivery targets. The association noted that many new-energy brands lacked particularly strong-selling models, complicating efforts to maintain sales momentum.

Dealerships also faced mounting operating pressure despite relatively low inventories. The association highlighted tensions across the automotive supply chain, where manufacturers, suppliers and retailers were experiencing differing financial conditions.

September’s final days nevertheless provided an important boost to deliveries. New-energy retail sales had reached approximately 827,000 units during the first 27 days, representing a 20% annual decline.

The full-month total of 1.141 million indicates that roughly 314,000 additional vehicles were sold during the final three days, substantially narrowing the annual contraction.

That acceleration lifted the new-energy share of passenger vehicle retail sales above the 65.7% recorded during the month’s first 27 days.

The figures also underline the importance of distinguishing wholesale deliveries from purchases by domestic motorists. Wholesale volumes include vehicles distributed through manufacturers’ sales channels and exports, while retail figures more directly reflect domestic consumer demand.

The stronger wholesale performance therefore does not necessarily indicate a corresponding improvement in purchasing conditions within China.

The association’s preliminary statistics cover September 1 to 30 and form part of its regular monitoring of passenger vehicle market activity.

Its assessment places particular emphasis on the contrasting performance of conventional and electrified vehicles, alongside the differences between manufacturers’ shipments and dealership sales.

The September figures also showed that new-energy vehicles represented nearly two-thirds of manufacturer wholesale volumes, broadly consistent with their dominant position in domestic retail purchases.

The association published the figures as part of its market review covering September 28 to 30, incorporating preliminary estimates for the completed month.

By Dr Arun Mitra The unprecedented security arrangements in Delhi, which have virtually turned the capital into a cantonment, are reminiscent of the British Raj, when colonial rulers resorted to brute force to suppress popular movements and crush dissent. The arrests of leaders and activists of CJP, AISF, SFI and AISA, along with students and […]

The article In Delhi, The Battle Is Between The Powerful State And Its Citizens appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, will lead the Ministry of Finance delegation, which is scheduled to attend ministerial discussions, multilateral consultations and bilateral meetings with representatives of participating countries.

The Ministry of Finance announced the participation on Friday, identifying financial resilience, sustainable development funding and stronger institutional partnerships as principal priorities. The meetings come amid mounting concerns over sovereign debt, borrowing costs, geopolitical tensions and uneven economic growth.

Khaled Mohamed Balama, Governor of the Central Bank of the UAE and the country’s governor to the IMF, will separately lead the central bank delegation. Assistant governors and senior officials will participate in discussions covering monetary policy, financial stability and emerging challenges affecting international markets.

Al Hussaini said the annual gathering offered an opportunity to coordinate economic positions and strengthen dialogue among governments and international financial institutions. The UAE would seek partnerships supporting inclusive development while examining financing mechanisms capable of improving economic resilience.

The Ministry of Finance delegation will attend the meeting of finance ministers and central bank governors from the Middle East, North Africa, Afghanistan and Pakistan with IMF Managing Director Kristalina Georgieva. Regional economic developments, financing requirements and financial stability are expected to feature in those discussions.

Its programme also includes the G20 Finance Ministers and Central Bank Governors Meeting, the annual plenary session and consultations involving the International Monetary and Financial Committee, which advises the IMF on the international monetary and financial system.

A separate meeting of Arab governors with World Bank Group President Ajay Banga will provide another forum for discussing development priorities and cooperation with multilateral lenders. UAE officials will also hold bilateral engagements with representatives of partner countries.

The central bank has identified digital transformation, artificial intelligence, financial inclusion and climate resilience among its priorities. Its delegation intends to examine how technological developments can support economic growth while strengthening financial systems against emerging risks.

These discussions will take place against a difficult international economic backdrop. IMF Managing Director Georgieva has warned governments about mounting public debt and the need for credible fiscal policies, particularly as higher borrowing costs constrain spending and investment.

Geopolitical disruptions and pressure on energy markets have added uncertainty to economic forecasts. Policymakers attending the Bangkok meetings will face questions about balancing inflation control, financial stability and growth while addressing the financing needs of developing economies.

The World Bank Group has placed employment, private investment and development opportunities among the central themes of its programme. Scheduled discussions include mobilising private capital for jobs and examining how artificial intelligence can support employment and economic development.

For the UAE, these subjects intersect with its stated priorities of expanding international financial cooperation and supporting development financing. The Ministry of Finance said its delegation would examine opportunities for practical collaboration with governments and international institutions.

Bangkok will also provide the setting for preparations linked to the UAE’s hosting of the institutions’ 2029 Annual Meetings in Abu Dhabi. The World Bank Group and IMF announced that decision in April following approval by their boards of governors.

An official signing ceremony associated with the 2029 hosting arrangements is scheduled during the Bangkok gathering. Abu Dhabi’s selection will bring the meetings back to the UAE after Dubai hosted them in 2003.

The annual meetings bring together finance and development ministers, central bankers, institutional leaders, private sector representatives and civil society organisations. Their principal forums address the world economic outlook, monetary cooperation, development challenges and the operations of the two institutions.

The main venue this year is Bangkok’s Queen Sirikit National Convention Center. The formal plenary session is scheduled for 16 October, while the International Monetary and Financial Committee plenary is scheduled for 17 October.

The UAE programme also includes a reception bringing together banks from the country and their regional and international counterparts. The Ministry of Finance said the gathering was intended to strengthen institutional relationships and create opportunities for financial cooperation.

Other scheduled engagements include discussions with partner governments on bilateral economic relations and possible areas of collaboration. The ministry has not announced individual bilateral agreements or financing commitments ahead of the meetings.

Public sessions will accompany the ministerial programme, including discussions on artificial intelligence, private investment and development. Selected events will be streamed internationally, with interpretation available in several languages, including Arabic.

Jyotiraditya Scindia responded on Friday after Musk questioned billionaire Mukesh Ambani’s influence over the approval process, escalating a dispute over Starlink’s prolonged wait to begin commercial operations in one of the world’s largest telecommunications markets.

“India does not allow a monopoly in any sector,” Scindia told a media briefing, defending the government’s handling of satellite communications licences and its approach to competition.

The intervention followed Musk’s question on his social media platform X on Thursday: “Is Ambani the real boss of India?” Musk suggested that Starlink’s difficulties reflected the influence of established business interests but offered no evidence that Ambani had interfered with regulatory decisions.

The Ministry of Communications had already dismissed Musk’s earlier allegation that unnamed oligarchs were obstructing Starlink to protect their market position. It described the regulatory framework as fair and non-discriminatory and called suggestions of unequal treatment “baseless and misconceived”.

Officials said three licensed satellite communications operators were undergoing security assessments and remained at broadly comparable stages of the approval process. Those operators are Starlink, Reliance Jio’s satellite venture and Eutelsat OneWeb, which has links with Bharti Airtel.

Starlink has obtained a licence to provide satellite services, but that authorisation does not itself permit an immediate commercial launch. The company must satisfy security conditions before proceeding to spectrum assignment, another requirement for starting operations.

The distinction has become central to the disagreement. Musk has questioned why his company cannot begin serving customers after years of work to meet regulatory requirements, while the government maintains that obtaining a licence is only one stage of a process applicable to every provider.

Security scrutiny covers issues arising from satellite networks’ ability to deliver communications across borders and from the need for operators to comply with domestic interception, monitoring and other lawful requirements. The government has not announced a date for completing the assessments or assigning spectrum to Starlink.

Musk initially accused unnamed influential figures of seeking to preserve what he described as a monopolistic hold over connectivity. He argued that delays harmed people without adequate internet access, particularly communities that could benefit from satellite connections where terrestrial networks are difficult to extend.

His subsequent reference to Ambani made the dispute more personal. Reliance Jio, part of the conglomerate led by Ambani, is among the dominant providers of mobile connectivity in India, alongside Bharti Airtel. Neither the size of those businesses nor their presence in the satellite sector establishes the interference alleged by Musk.

Reliance Jio had not publicly answered the accusation by Friday. The absence of a response leaves Musk’s specific suggestion about Ambani unsupported, while the government’s explanation addresses the formal approval process rather than every concern raised about its duration.

The controversy has also drawn political attention. Opposition leader Rahul Gandhi joined the exchanges on X, responding to Musk’s remarks with a pointed comment about the influence of powerful figures. His intervention widened a disagreement initially centred on satellite licensing into a debate about corporate power and government decision-making.

Starlink’s proposed service differs from conventional mobile broadband. Its network uses low-Earth-orbit satellites to connect customer terminals, potentially extending internet access to remote locations without the same dependence on ground-based fibre or mobile towers.

That potential has made the timing of market entry important for Starlink, although affordability, equipment costs and regulatory obligations will also shape the service’s commercial prospects. No confirmed nationwide launch date or final retail pricing has been announced for customers in India.

The regulatory dispute follows years of preparations by SpaceX to enter the market. Starlink has also explored distribution partnerships with established telecommunications companies, including Reliance Jio and Bharti Airtel, demonstrating that competition in satellite broadband can coexist with commercial cooperation.

India’s satellite spectrum framework envisages administrative assignment rather than conventional auctions, subject to prescribed charges and conditions. Operators still require individual approvals before they can activate services, and holding an authorisation does not remove obligations connected with network security.

The Ministry of Communications has said a licensee may move towards spectrum assignment once its security assessment is completed. That sequence applies to the three companies currently seeking to introduce satellite broadband services under the government’s approval framework.

Built on TSMC’s advanced 2nm N2P process, the MediaTek Dimensity 9600 Pro delivers a significant generational leap in performance and power efficiency. Compared with the previous-generation process, it delivers up to a 61% improvement in CPU multi-core energy efficiency, providing a stronger foundation for sustained flagship performance and increasingly demanded on-device AI workloads on Find X10 Pro Max.

For CPU performance, the Dimensity 9600 Pro continues MediaTek’s All-Big-Core architecture with a new configuration featuring two 4.55GHz C2-Ultra cores and six performance cores. The new CPU delivers an overall performance improvement of 17%, while independent frequency control for each core enables more precise workload scheduling, helping Find X10 Pro Max balance sustained performance with outstanding power efficiency.

Graphics performance takes another step forward with the latest flagship G2-Ultra NX GPU, introducing enhanced ray tracing and new neural graphics capabilities. Under sustained heavy workloads, the Dimensity 9600 Pro delivers approximately 27% higher performance, enabling richer visual detail and more immersive gaming experiences on Find X10 Pro Max.

The Dimensity 9600 Pro also brings a major upgrade to on-device AI with its latest-generation dual-NPU design, combining a powerful NPU with a Super Efficient NPU. The new high-performance NPU delivers 51% faster LLM prefill performance, providing powerful support for workloads including large-model inference and computational imaging. Meanwhile, the Super Efficient NPU is 40% more power efficient, enabling persistent AI capabilities to run at ultra-low power for more responsive and always-available AI experiences.

Further enhancing the platform is OPPO Laminar Flow Engine, jointly developed by OPPO and MediaTek and making its debut on Find X10 Pro Max. By restructuring the underlying rendering architecture and coordinating it more closely with system scheduling, the technology achieves a better balance between ultra-smooth system responsiveness and low power consumption. It also helps accelerate app launches and maintain smooth and stable content loading during demanding scenarios such as rapid photo browsing.

Further details about OPPO Find X10 Pro Max, powered by the MediaTek Dimensity 9600 Pro, will be revealed at the upcoming global launch event.

Hashtag: #OPPO

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

About OPPO

OPPO is a leading global smart device brand. Since the launch of its first mobile phone – “Smiley Face” – in 2008, OPPO has been in relentless pursuit of the perfect synergy of aesthetic satisfaction and innovative technology. Today, OPPO provides a wide range of smart devices spearheaded by the Find and Reno series. Beyond devices, OPPO also provides its users with ColorOS operating system and internet services. OPPO has footprints in more than 90 countries and regions, with more than 40,000 employees dedicated to creating a better life for customers around the world.

Bringing together Thai heritage, contemporary creativity and digital connectivity, ONYX Hospitality Group is collaborating with ChaTraMue, Thailand’s iconic tea brand; internationally recognised Thai artist Benzilla; and Grab Thailand, a leading digital platform for mobility and everyday services. Each partnership adds a different dimension to the ONYX experience, spanning food and beverage, art, lifestyle and mobility, while connecting the Group’s Thai roots and hospitality expertise with the way people travel, dine and discover today.

Two Thai Brands, One Shared Heritage

ONYX Hospitality Group and ChaTraMue unite two Thai brands with longstanding legacies and generations of consumer recognition. With a tea-making heritage dating back to 1925, ChaTraMue contributes one of Thailand’s most familiar flavours, complemented by ONYX’s expertise in hospitality, dining and experience creation.

The collaboration will introduce new menus, beverages and guest experiences that give a much-loved part of Thai culture a fresh expression across ONYX hotels and restaurants. From a familiar cup of Thai tea to new interpretations created for different occasions, the partnership invites guests to experience more of a flavour they already know and love.

OZO Meets the Creative World of Benzilla

For OZO, Thai artist Benzilla brings the brand’s playful personality to life through a collection of four specially designed luggage stickers, turning the suitcase into a canvas for travel memories. Inspired by OZO’s lively, youthful spirit and interpreted through Benzilla’s bold contemporary style, the collection captures the fun and spontaneity at the heart of the brand. Designed to travel beyond the hotel, the stickers give guests a reminder of their journey while showing how Thai creative talent can translate OZO’s personality into something personal, expressive and shareable.

Connecting Travel and Discovery with Grab Thailand

ONYX Hospitality Group’s collaboration with Grab Thailand brings hospitality and digital convenience closer together, connecting Grab’s ecosystem and consumer reach with ONYX hotels, restaurants and lifestyle experiences. By integrating transport, dining and destination discovery, the partnership helps make the guest journey more seamless while allowing travellers to engage with ONYX through a platform already part of their everyday lives. It also creates new opportunities for the Group to reach digitally active consumers before, during and beyond their stay, making its brands, dining and destinations easier to access and enjoy.

Different Strengths, More to Experience

While each initiative is distinct, they share a common idea: combining ONYX’s hospitality expertise with the strengths of each partner to create meaningful value for today’s guests.

Pornthip Paothong, Vice President, Brand and Marketing, ONYX Hospitality Group said: “Our 60th anniversary celebrates our Thai roots and the hospitality experience we have built over the past six decades, while also looking at what guests value today. ‘More of What You Love‘ is about giving people more reasons to enjoy their time with us – from the hotels they stay in and the food they discover to the destinations they explore. Together, they allow us to create experiences that reflect how people live and travel today.”

The collaborations form part of ONYX Hospitality Group’s wider 60th anniversary campaign, creating new reasons for guests to engage with and return to its brands. Across Amari, OZO, Shama and Oriental Residence, ONYX Hospitality Group continues to develop experiences shaped around the distinct character of each brand, supported by its deep understanding of hospitality and destinations across Asia-Pacific.

As ONYX enters its seventh decade, the Group will continue to explore partnerships that connects its heritage with creativity and contemporary lifestyles, with further anniversary initiatives to be introduced throughout the year.

Hashtag: #ONYXHospitalityGroup

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

About ONYX Hospitality Group:

ONYX Hospitality Group is a leading hospitality management company in Asia-Pacific, with a complementary portfolio of brands comprising Amari, OZO, Shama and Oriental Residence. Together, these brands serve the diverse needs of business and leisure travellers across the region, where ONYX has deep market expertise. Beyond accommodation, the Group also operates spa and food and beverage businesses. Drawing on six decades of management experience, ONYX delivers innovative hospitality solutions across the region while upholding internationally recognised standards and maintaining operational agility. By building enduring relationships with like-minded business partners, ONYX Hospitality Group delivers distinctive experiences in a dynamic and competitive market, responding to the evolving needs of today’s travellers.

More information: www.onyx-hospitality.com

Find us on social media:
Follow us on Instagram: https://www.instagram.com/onyxhospitalitygroup/
Follow us on LinkedIn: https://www.linkedin.com/company/onyx-hospitality-group/
Follow us on Facebook: https://www.facebook.com/ONYXHospitalityGroup

Guided by the Central Passport, LANDMARK invites visitors to experience Central anew— from Louis Vuitton’s global spectacle to cultural, dining and seasonal celebrations.

HONG KONG SAR – Media OutReach Newswire – 9 October 2026 – LANDMARK today unveils Destination CENTRAL, inviting local residents and international visitors to rediscover the many sides of Central through the collectible Central Passport. The programme celebrates the district’s long-standing role as Hong Kong’s gateway for arrival, exchange and discovery. Inspired by the spirit of travel, Destination CENTRAL connects experiences across Central, bringing together travel-inspired activations in partnership with Hong Kong Tramways and Asia Miles; district-wide dining privileges; a global spectacle by Louis Vuitton; and THE CHATER, an exclusive dining concept presented by LANDMARK.

Your Passport to Central

Created by LANDMARK, the luggage-inspired Central Passport is a collectible guide bringing together experiences both within LANDMARK and across the wider district into a seamless journey. Inside, a curated map is paired with personal stories and recommendations from people who know Central closely—from tram motormen, singers and public figures to athletes, celebrated chefs and bar founders—inviting visitors to uncover the area’s hidden character.

Available from collection points across the district, the Central Passport can be personalised with stamps from eight designated locations. Visitors who collect any three stamps can visit the Destination CENTRAL Redemption Counter on 2/F, LANDMARK ATRIUM to enter a lucky draw and unlock a surprise gift. Lucky winners stand a chance to receive up to 66,000 Asia Miles—equivalent to a round-trip business-class flight to Japan—alongside photobooth experiences, limited-edition keepsakes and dining vouchers. The Central Passport also includes exclusive dining privileges from more than 40 participating partners, including Lan Kwai Fong and The Murray.

Louis Vuitton at LANDMARK

Following iconic presentations on the Champs-Élysées in Paris, 57th Street in New York and ‘The Louis’ in Shanghai, Louis Vuitton brings the latest chapter of its global series to Hong Kong. Unveiling soon, the Maison will present a monumental mega-art installation at LANDMARK, reimagining its enduring “Spirit of Travel”. Complemented by the pop-up store currently at LANDMARK ATRIUM and the upcoming dedicated Basement Brand Exhibition , the experience offers a captivating glimpse into the world of Louis Vuitton—setting the stage for the highly anticipated Louis Vuitton Maison at LANDMARK.

Transit Through Central’s Changing Landscape

The travel narrative continues with the LANDMARK Tram Station and Heritage Route, created in partnership with Hong Kong Tramways. Together, they offer an interactive look at Central’s transport heritage and evolving urban landscape—from its early harbourfront and trading past to today’s connected city centre. The LANDMARK Tram Station recreates one of the city’s first-generation trams, fitted with authentic archive pieces from Hong Kong Tramways, including a traditional ticket punch, a coin box, driving console and “Dick, Kerr” controller.

A First Class Stop for Dining and Views

Taking the travel theme into hospitality, LANDMARK presents THE CHATER, an exclusive dining concept opening on 6 October, featuring an all-day menu curated by Mandarin Oriental, Hong Kong. Inspired by the elegance and anticipation of a grand station lounge, the new venue brings together Hong Kong and international flavours, with highlights including bubble tea and gourmet quick bites, alongside Pierre Hermé macarons and gelato set to be launched later in the season. The experience will extend to Platform 1889 on 3/F, a first-class railway carriage-inspired feature within THE CHATER’s terrace. Named for the year Sir Paul Chater co-founded Hongkong Land, Platform 1889 pays tribute to a defining moment in Central’s history while offering a prime view of Louis Vuitton’s monumental mega-art installation and the Central skyline.

Halloween Takes Over Central

From 17 to 31 October, Hongkong Land, supported by the Hong Kong Tourism Board and district partners, presents Halloween in Central—a heritage-led celebration that transforms Central’s iconic streetscape into a citywide Halloween playground.

At Statue Square Gardens, South, four large-scale installations set a striking scene: I Am Watching You, a giant eyeball rising over the fountain; The Awakening, a monumental gateway; the photo-ready Coffin Throne; and The Jail, a haunted reimagining of the pavilion.

On Chater Road, the programme begins with Boo-st Your Mood – Pickleball Day in partnership with Pick & Match on 17 October, a wellness-focused afternoon of active fun. This is followed by OPEN by HE.R – Halloween in Central Kick-Off Party on 18 October, bringing live music and high-energy celebrations to the street. Monster Mash Fest – Family Day arrives on 24 October with costumes, face painting, themed bouncy-castle sessions, performances and Halloween treats, before Halloween Day Unleashed closes the programme on 31 October, featuring cosplay, roving characters, themed performances and late-night festivities. Full details are available at https://www.halloweenincentral.com/

“As a key stakeholder deeply rooted in Central, Hongkong Land is delighted to bring Destination CENTRAL to life alongside our district partners, inviting the public to discover the extraordinary charm of Central anew,” said Olivia Luk, General Manager, Marketing, Hong Kong Central, Hongkong Land Limited. “Together with a rich programme of dining privileges and seasonal celebrations, we hope everyone—from daily office workers and local residents to visitors—can shape their own memorable story of Central.”

Exclusive Rewards and Privileges

Destination CENTRAL brings added benefits to every qualifying LANDMARK visit with HSBC-exclusive offers for BESPOKE members. From 28 September to 18 November 2026, eligible BESPOKE members paying with an HSBC Privé Mastercard® or HSBC Premier Mastercard® can receive up to HK$3,000 in BESPOKE Bonus Reward Vouchers, up to 135,000 Bonus BESPOKE Points, and Complimentary Beverage Passes to Platform 1889 at THE CHATER upon registration of cumulative same-day eligible spending.

Terms and conditions apply. For full programme and promotional details, including specific Central Passport mechanisms, please visit https://destinationcentral.hk.

@landmarkhk #LANDMARKHK #DestinationCENTRAL

APPENDIX

Please visit the Destination CENTRAL website at https://destinationcentral.hk for the latest programme details, terms and conditions.

Central Passport Collection & Reward Details (28 September – 18 November 2026)

Other Destination CENTRAL Activities At A Glance

Destination CENTRAL Redemption Gifts

• 66,000 Asia Miles—equivalent to one Cathay Pacific Business Class round-trip ticket to Japan*
• 26,000 Asia Miles—equivalent to one Cathay Pacific Economy Class round-trip ticket to Japan*
• Destination CENTRAL Tram Plush Charm
• Destination CENTRAL Magnet
• Destination CENTRAL Photobooth Experience
• Destination CENTRAL Mini Camera
• Ami Signature Beef Sando
• BaseHall HK$50 Gift Certificate
• THE CHATER HK$50 Gift Certificate

*Based on Cathay Flight Awards – Standard Awards as of 1 September 2026. Terms and conditions apply.

Hashtag: #LANDMARKHK

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

About LANDMARK

LANDMARK represents the epitome of top-tier luxury shopping and lifestyle experiences. Drawing from a rich heritage which began in 1904 – LANDMARK today is the luxury shopping destination of Hongkong Land’s Central portfolio including 4 iconic connected buildings, LANDMARK ATRIUM, LANDMARK ALEXANDRA, LANDMARK CHATER and LANDMARK PRINCE’S. LANDMARK offers approximately 208 of the finest stores and restaurants, all seamlessly linked by pedestrian bridges. From high fashion and accessories to watches and jewellery, from luxury living to beauty and grooming, from international cuisine to authentic gourmet dining, LANDMARK brings the ultimate shopping experience to the discerning customer.

About Hongkong Land

Hongkong Land is a major listed property investment, management and development group. The Group focuses on developing, owning and managing ultra-premium mixed-use real estate in Asian gateway cities, featuring Grade A office, luxury retail, residential and hospitality products. Its mixed-use real estate footprint spans more than 850,000 sq. m., with flagship projects in Hong Kong, Singapore and Shanghai. Its properties hold industry leading green building certifications and attract the world’s foremost companies and luxury brands. The Group’s Hong Kong Central portfolio represents some 450,000 sq. m. of prime property. The Group has a further 165,000 sq. m. of prestigious office space in Singapore mainly held through joint ventures and five retail centres on the Chinese mainland, including a luxury retail centre at Wangfujing in Beijing. In Shanghai, the Group owns a 43% interest in a 1.1 million sq. m. mixed-use project in West Bund, which is due to be completed in 2028. Hongkong Land Holdings Limited is incorporated in Bermuda and has a primary listing on the London Stock Exchange, with secondary listings in Bermuda and Singapore. Hongkong Land is a member of the Jardine Matheson Group.

First Win in the Pantry Staples Category

AUCKLAND, NEW ZEALAND – Media OutReach Newswire – 9 October 2026 – Lee Kum Kee Sauce (“Lee Kum Kee”), the global Asian sauces and condiments brand, has been named a winner in the Healthy Food Guide 2026 Awards in New Zealand for its Gluten Free Soy Sauce. This marks the first time the product has received this recognition. The win also comes as Lee Kum Kee Gluten Free Soy Sauce continues to grow its presence in Australian and New Zealand supermarkets.

Judged by a panel of qualified dietitians, the Healthy Food Guide Awards is one of New Zealand’s independent guides to healthy eating and nutritious supermarket products. Products are assessed by dietitians, based on nutritional profile, value for money and taste. Lee Kum Kee Gluten Free Soy Sauce was awarded Best Soy Sauce for its simple ingredients and gluten free formulation, enabling consumers with gluten sensitivities to enjoy authentic, flavourful meals with confidence.

“We’re proud to receive the Healthy Food Guide Awards, alongside reaching a decade of availability for our Gluten Free Soy Sauce in New Zealand” said Gary Hui, Business Development Director – Oceania of Lee Kum Kee Sauce. “This award validates our commitment to quality and to ensuring consumers with dietary requirements never have to compromise on flavour.”

Traditionally fermented using non-GM soybeans, Lee Kum Kee Gluten Free Soy Sauce contains no added colouring, flavouring or preservatives, and is suitable for vegetarians and vegans. It is designed for use across everyday cooking, from stir-fries and marinades to dipping sauces. It serves as a trusted pantry staple for home cooks seeking a gluten-free alternative that delivers the same depth of flavour and versatility expected from traditional soy sauce.

The product also carries the Coeliac New Zealand Crossed Grain logo — the nationally recognised symbol for tested and certified gluten-free products, giving shoppers reassurance at a glance. As a sponsor of Coeliac Awareness Week by Coeliac New Zealand and Coeliac Australia, Lee Kum Kee has been a keen supporter of the programme that helps raise awareness of coeliac disease across the country.

Meet us at the upcoming gluten-free events this October in Australia and New Zealand for cooking solutions with Lee Kum Kee Gluten Free Soy Sauce, food sampling and special offers. Stay tuned for more updates on the brand’s Instagram accounts:@leekumkeeaustralia, @leekumkeenz.

Melbourne Gluten Free Expo

Date: 17-18 October 2026 (Saturday: 9am-5pm; Sunday: 9am-4pm)
Booth and Venue location: Stand #30, Melbourne Convention & Exhibition Centre
Website: https://www.glutenfreeexpo.com.au/

Auckland Gluten Free Food Festival

Date: 31 October 2026 (9am-4pm)
Booth and Venue location: Stands H1 & H2, Due Drop Events Centre, 770 Great South Rd, Manukau City, Auckland
Website: https://www.theglutenfreefoodfestival.co.nz/

Lee Kum Kee Gluten Free Soy Sauce is available nationwide at major supermarkets across New Zealand and Australia. Discover more about our recipes and serving inspiration featuring Lee Kum Kee Gluten Free Soy Sauce at: https://nz.lkk.com/en/products/gluten-free-soy-sauce.

Hashtag: #LeeKumKee

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

About Lee Kum Kee Sauce

Lee Kum Kee Sauce is the global gateway to Asian culinary culture, dedicated to promoting Chinese culinary culture worldwide. Since 1888, it has brought people together over joyful reunions, shared traditions and memorable meals. Beloved by consumers and chefs alike, Lee Kum Kee Sauce’s range of more than 300 sauces and condiments sparks creativity in kitchens everywhere, inspiring professional and home chefs to experiment, create and delight. Headquartered in Hong Kong, China and serving over 100 countries and regions, Lee Kum Kee Sauce’s rich heritage, unwavering commitment to quality, sustainable practices and “Constant Entrepreneurship” combine to enable superior experiences through Asian cuisine for people worldwide. For more information, please visit www.lkk.com.

About Healthy Food Guide Awards

The Healthy Food Guide Awards is the credible and definitive guide to the most nutritious food products on supermarket shelves, brought by Healthy Food Guide magazine. Judged by qualified dietitians, the annual awards help consumers identify healthier food choices across a wide range of categories. For more information on this year’s award list in New Zealand, visit https://awards.healthyfood.com/winners/nz/.

Introducing Private Funds, Complementing End-to-End Digital Capabilities with Dedicated Offline Wealth Management Service, Creating a Digital Wealth Management Experience That Balances Flexibility with Professionalism

HONG KONG SAR – Media OutReach Newswire – 9 October 2026 – Ping An Digital Bank (International) Limited (“Ping An Digital Bank” / “PingAnDB”) announces its expansion into high-end wealth management, making it the first digital bank in Hong Kong to enter this sector. By introducing private fund products coupled with seamless end-to-end digital capabilities and dedicated offline services, PingAnDB aims to reshape high-end wealth management customer experience. This enables customers to achieve diversified asset allocation and capture global investment opportunities, while enjoying a digital wealth experience defined by flexibility and professionalism.

According to the Securities and Futures Commission’s Asset and Wealth Management Activities Survey 2025, Hong Kong’s asset and wealth management industry accelerated sharply in 2025 to reach a historic high. Total assets under management (AUM) surged 20% year-on-year to HK$42.2 trillion by the end of the year. Within this, the private banking and private wealth management business demonstrated robust momentum, with AUM reaching nearly HK$12.9 trillion—a record high. This strong trajectory underscores the accelerating demand for wealth management solutions in the region. However, traditional high-end wealth management services typically impose high entry thresholds, which may not fully satisfy the needs of all individuals who possess substantial assets and seek global asset allocation or alternative investment opportunities. Ping An Digital Bank precisely addresses this market gap by launching private fund services, combining its fully digital platform and dedicated offline wealth management services to address customers’ demands for global asset allocation and financial management.

Mr. Ronald Iu, Chief Executive of Ping An Digital Bank, said, “Ping An Digital Bank remains committed to being a user-centric digital bank. Since launching our wealth services in March 2026, we have observed strong demand among customers for diversified asset allocation and flexible wealth management solutions.

Furthermore, a recent report indicates that Hong Kong has overtaken Switzerland as the world’s leading cross-boundary wealth management center, which is another reason to expect increasing capital inflows to the city. Capitalising on this momentum, Ping An Digital Bank is introducing private fund products, marking our debut as the first digital bank to step into the high-end wealth management sector. Leveraging our agile digital platform and dedicated offline wealth management services, we are reinventing the high-end wealth management experience to empower customers in optimising their portfolios and achieving their global asset allocation goals.”

Ping An Digital Bank’s wealth management service is designed around user experience at its core, streamlining processes to make the investor journey simpler and more convenient. The Bank collaborates with leading global fund houses, including J.P. Morgan Asset Management and Aberdeen Investments, to offer semi-liquid fund products to customers. Going a step further, the Bank complements its end-to-end digital capabilities with dedicated offline wealth management services. In addition to offline support, the online platform offers analysis tools and trading experiences comparable to online brokerages, ensuring swift and efficient execution to deliver an all-around wealth management ecosystem.

Looking ahead, Ping An Digital Bank will continue to advance its brand vision, “Always with You, Always Ahead,” harnessing financial technology to expand its footprint in high-end wealth management. By combining personalized offline wealth services with the agility of its digital infrastructure, PingAnDB aims to provide customers with comprehensive, flexible asset management solutions, setting a new benchmark for digital wealth management in Hong Kong.

Important Notes
Investment involves risks. Investors should carefully read the offering documents of each product to understand the detailed risk disclosures applicable to the relevant products. The information contained herein is for general reference purposes only and does not constitute, nor should it be regarded as, any investment advice, recommendation, offer, solicitation, inducement, commitment, or guarantee. Private wealth management financial products, including private funds, are not regulated by the Securities and Futures Commission and are offered solely to customers who meet the professional investor requirements under the Securities and Futures (Professional Investor) Rules.

Hashtag: #平安數字銀行 #PingAnDB #財富管理 #WealthManagement

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

Ping An Digital Bank

Ping An Digital Bank (International) Limited (“Ping An Digital Bank,” “PingAnDB”) is a wholly-owned subsidiary of Lufax Holding Ltd (“Lufax”) (SEHK: 6623; NYSE: LU) and a member of Ping An Insurance (Group) Company of China, Ltd. (“Ping An”) (SEHK: 2318; SSE: 601318). Ping An Digital Bank was granted a banking licence by the Hong Kong Monetary Authority in May 2019 to offer retail banking and business banking services. Backed by Ping An’s advanced technology, Ping An Digital Bank is elevating banking experience, serving customers in Hong Kong and the Greater Bay Area, establishing itself as Ping An Group’s integrated financial platform in Hong Kong.

DAVIS, US – Media OutReach Newswire – 9 October 2026 – BINGXUE, a mass-market tea beverage brand from Shandong, has opened its first U.S. store in Davis, California. After expanding into Southeast Asia, Central Asia, Africa, and other international markets, the brand has officially entered North America, marking another milestone in its global expansion. Backed by years of investment in supply chain capabilities, international compliance, and overseas store operations, BINGXUE is accelerating its international expansion and bringing Chinese tea beverages to consumers around the world.

On October 2, BINGXUE officially opened its first U.S. store in Davis, California, drawing strong foot traffic and sustained crowds throughout the day. From the moment the store opened, large numbers of local consumers gathered to explore the brand and line up for their favorite products. The line stretched more than 50 meters along the street, creating a striking new consumer destination in the neighborhood. Several signature soft serve and beverage products sold out within half a day, while customer traffic remained consistently high throughout the day, with staff working at full capacity to serve customers. According to store data, more than 1,000 beverages were sold on opening day, quickly generating strong consumer interest in the local market. The store quickly became a popular new destination in Davis, with many local residents sharing their visits on social media and generating widespread local buzz.

The grand opening also received significant attention and support from local government and business representatives. Davis Mayor Donna Neville attended the ribbon-cutting ceremony in person, joining the BINGXUE team to mark the official opening of the brand’s first North American store. Following the ceremony, Mayor Neville visited the store to learn more about BINGXUE’s ingredient standards, product portfolio, and global supply chain, and sampled several of the brand’s signature tea beverages. The beverages were well received for their quality and refreshing flavors, further strengthening BINGXUE’s connection with the local community and highlighting its growing presence in the market. The warm and engaging exchange throughout the event helped bring the brand closer to the local community and support its deeper integration into the North American market.

Representatives from the local chamber of commerce also attended the grand opening to congratulate the BINGXUE team and engaged in in-depth discussions with the brand on topics including localized operations, integration into the local business community, and opportunities for community collaboration. The recognition and welcome from the local business community provide a strong foundation for BINGXUE to establish a long-term presence in California.

This achievement reflects the brand’s long-term investment in supply chain development, compliance systems, and product localization. Although its first U.S. store opened only this year, BINGXUE began preparing for FDA requirements related to relevant ingredients three years ago, while its supply chain planning started even earlier. The company has spent years preparing its ingredients, certifications, production processes, and compliance systems for the U.S. market. The launch of its first store was therefore the result of long-term planning rather than a short-term market test.

Founded in Shandong in 2014, BINGXUE began its international expansion in 2023. In just three years, the brand has entered 18 countries and regions, with more than 5,000 contracted stores worldwide. Of these, more than 2,000 are overseas, with over 1,500 overseas stores already in operation, while the overseas store closure rate remains below 1%. From Southeast Asia to North America, BINGXUE continues to expand its global footprint.

BINGXUE’s global expansion strategy did not begin simply with opening stores overseas. It began with the long-term development of its brand, supply chain, and international compliance capabilities. BINGXUE is the first Shandong-based tea beverage brand to enter the U.S. market. Its ability to establish a presence in one of the world’s most competitive consumer markets, with stringent market-entry requirements, demonstrates the strength of its broader business and operational capabilities.

On the product side, BINGXUE offers a diversified portfolio spanning fresh fruit teas, milk teas, signature soft serve, yogurt smoothies, and other categories to cater to different tastes and consumption occasions. According to research by Champ Consulting, BINGXUE’s matcha soft serve ranks No. 1 globally in sales.

In terms of store experience, BINGXUE’s new 8.0 store format enhances customer engagement through a five-senses approach and premium aesthetics, while maintaining the same pricing structure and continuing its positioning of “premium experience at accessible prices.” The choice of Davis for its first U.S. store was not a simple replication of its domestic model, but a decision based on the city’s university ecosystem and young consumer base, supported by localized adjustments.

Many may ask why BINGXUE chose Davis rather than a major city such as Los Angeles or San Francisco for its first U.S. store. The answer lies in the character of the city itself.

Davis is one of the birthplaces of the U.S. “Farm-to-Fork” movement, where local ingredients and sustainable agriculture are deeply embedded in everyday life. UC Davis is consistently recognized as a leading institution in agriculture and food science. This strong emphasis on ingredients closely aligns with BINGXUE’s “Global Flavors Season” concept, which explores source regions and local flavors.

As a classic college town, Davis has a large student and university-affiliated population, while its diverse and open-minded community provides a strong audience for new-style tea beverages. Rather than competing for traffic in a major metropolitan market, BINGXUE positioned its first store close to consumers who value ingredients and are willing to try new products. In Davis’s competitive tea beverage market, the brand has also differentiated itself through accessible pricing and distinctive flavors that resonate with local consumers.

Successful international expansion for a tea beverage brand depends on far more than store operations. It requires an integrated system covering ingredients, production, certification, warehousing, logistics, and training. BINGXUE established its own factory as early as 2018. In August 2026, the BINGXUE Industrial Park officially opened in Qihe, Shandong, with a total investment of RMB 660 million, integrating manufacturing, R&D, training, and supply chain operations.

The industrial park includes production facilities covering key product categories such as powdered beverages, juices and jams, tea, and dairy products, supported by an R&D center and business training system. Together, these capabilities form an integrated chain spanning raw-material production, product development, staff training, warehousing, logistics, and store operations. More than 80% of BINGXUE’s raw materials are currently supplied by its own factories.

The company has also established a three-tier logistics network consisting of central warehouses, regional warehouses, and partner warehouses, supporting stores worldwide through domestic warehousing, overseas warehouses, and localized production.

Meanwhile, to meet food safety and production requirements across different countries and regions, BINGXUE has continued to strengthen its international compliance capabilities and has obtained six international certifications and related qualifications, including Halal, ISO 22000, HACCP, and FDA-related certifications and approvals. From factories to overseas warehouses, and from ingredient certification to store training, BINGXUE is gradually converting years of industrial investment into overseas operating capabilities.

For BINGXUE, international expansion also means building a supply chain capable of supporting operations across different markets. The company has taken a more asset-intensive approach, building the infrastructure and capabilities needed to support its expansion into the U.S. market.

The first U.S. store is only the beginning. A second U.S. location is already in development and is expected to open on Oxnard Boulevard in California. As Jiang Huabei, founder and general manager of BINGXUE, said, “The overseas market offers greater room for growth than the domestic market. If you decide to enter it, the goal should not be simply to test the waters, but to build for the long term, develop the market thoroughly, and meet unmet consumer needs.”

Going forward, BINGXUE will continue to build on its supply chain capabilities, focus on product development, and strengthen localized operations as it steadily advances toward its goal of reaching 10,000 stores worldwide within three years. With its entry into North America, BINGXUE is bringing Chinese tea beverages to more consumers around the world and opening a new chapter in the international expansion of Chinese tea culture.

Hashtag: #BINGXUE

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