HONG KONG, Jun 13, 2025 - (ACN Newswire via SeaPRwire.com) - Tat Hong Equipment Service Co., Ltd. (“Tat Hong” or the “Company”, together with its subsidiaries, the “Group”) (Stock Code: 2153), the first foreign-owned tower crane service provider established in the PRC, has announced its annual results for the year ended 31 March 2025 (“FY2025” or the “Year”).In FY2025, the Group recorded revenue of approximately RMB 634.6 million (2024: RMB682.3 million). Loss attributable to equity holders of the Company for the year ended 31 March 2025 amounted to RMB 120.5 million (2024: RMB95.6 million). The increase in loss was primarily due to (i) slower economic growth and a downturn in the construction industry led to a decline in revenue; and (ii) the adjustment of deferred tax resulted in increased income tax expenses.As at 31 March 2025, the Group is managing a total of 1,180 tower cranes. The Group’s total tonne metres (TM) in use decreased from 3,178,404 for the year ended 31 March 2024 to 3,137,910 for the year ended 31 March 2025. As at 31 March 2025, the Group had 256 projects in progress with a total outstanding contract value of approximately RMB 721.4 million and 38 projects on hand of total expected contract value at approximately RMB 78.7 million.During the financial year, under the effect of insufficient market demand and the decline in the average monthly service price of tower cranes per TM, the supply and demand mismatch had resulted in high market competition in the entire construction machinery industry. To cope with the sluggish market conditions, the Group has developed tailored strategies and continuously adjusted its business mix, progressively reducing the revenue contribution from the real estate sector.In response to the national initiative to vigorously develop clean energy and aligning with market trends and growth potential, the Group has concentrated on thermal power projects and nuclear power projects. Clean energy projects usually entail lengthy construction cycles and large-scale operations, and the Group has obtained significant advantages by leveraging its extensive industry experience, established construction expertise, and strong technical capabilities.In FY2025, the Group accelerated its overseas market presence, thoroughly implemented its operational strategies through its subsidiaries in the Greater Bay Area and in Indonesia, and gradually expanded its fleet of large and medium-sized tower cranes. Up to now, large-tonnage-meter tower cranes have been predominantly deployed in the projects across Hong Kong and Indonesia. In light of the above, clean energy and overseas projects remain the Group’s key priorities for future development.During the year, the Group had continued the investment in the digitalization of the management platform and the research and development of new tower crane technical solutions. As at 31 March 2025, the Group possess 187 registered patents for utility models and inventions relating to tower cranes. The robust technical capabilities will continue to enable the Group to procure projects, and the enhancement in the research and development capabilities for tower crane technical solutions will reinforce the excellent delivery in services.Mr. Sean Yau, CEO of Tat Hong Equipment Service Co., Ltd., said: " In addition to the downturn in the property market and the construction industry, the geopolitical tensions and the depreciation pressure on the RMB further weakened the economy of the PRC. Tackling these economic challenges and the changing business environment., we have promptly adopted adjustments to our development strategies, including the expansion to the clean energy construction segment and the geographical expansion to the Greater Bay Area and Indonesia, and we believe the positive impact will be reflected in the coming years.Mr. Roland Ng, Chairman of Tat Hong Equipment Service Co., Ltd., said: “In the most trying circumstances, we remain steadfast in our original mission. Guided by our core corporate values ‘Virtue , Safety and Excellence , we will continue to excel in our business endeavors. In the coming financial year, we will continue to further strength our position in the above new segments and locations, and seize new opportunities in the market, so as to concentrate on the research and development of new tower crane technologies to equip ourselves with the most robust technical capabilities to deliver excellent services to our clients. Furthermore, we will also continue to achieve resources sharing, cost reduction and efficiency enhancement. With all the above measures, we believe we can fulfil the Group’s goal to become ‘the best construction equipment service provider’ in the industry.”About Tat Hong Equipment Service Co., Ltd. (Stock Code: 2153)Tat Hong Equipment Service Co., Ltd. is the first foreign-owned tower crane service provider established in the PRC. Since 2007, the Group has established as a tower crane service provider for one-stop tower crane solution services from consultation, technical design, commissioning, construction to after-sales services primarily to Chinese Special-tier and Tier-1 EPC contractors. Guided by its core values, “Virtue, Safety and Excellence”, the Group has successfully established its market position and maintained stable, reputable and loyal customer base in the construction industry in the PRC.Media EnquiriesStrategic Financial Relations LimitedHeidi SoTel:(852) 2864 4826Email: heidi.so@sprg.com.hk Mel LaiTel:(852) 2864 4855Email: mel.lai@sprg.com.hk Copyright 2025 ACN Newswire via SeaPRwire.com.
Category: ACN Newswire
Yee Hop Holdings (1662.HK) Subsidiary APEL Launches Microfactory in Collaboration with HKPC
HONG KONG, Jun 13, 2025 - (ACN Newswire via SeaPRwire.com) - With the national strategy of “new quality productive forces” driving high-quality development, Yee Hop Holdings Limited (“Yee Hop Holdings”; stock code: 1662.HK) subsidiary Absolute Pure EnviroSci Limited (“APEL” or “the Company”) is actively aligning with national policies. It has recently established a Microfactory in collaboration with the Hong Kong Productivity Council (“HKPC”) to industrialize the patented Wisepura Aquapura porous silica capsule technology in Hong Kong, promoting smart manufacturing and new industrialization. The HKPC’s Life & Health Tech Hall, which opened in March this year, showcases over 20 research achievements and innovative applications developed by the HKPC, InnoHK, local universities, and industry partners, including the patented Wisepura Aquapura porous silica capsule technology.The World’s First Wisepura Aquapura Microfactory Fully OperationalAs a significant achievement of the collaboration, the world’s first Wisepura Aquapura Microfactory, developed in collaboration between APEL and HKPC, was officially launched on 13 June 2025 in Kowloon Bay, Hong Kong. This marks the successful implementation of the first phase of “Industry 4.0” and a significant milestone in the industrialization of APEL’s research achievements. During the inauguration ceremony, attended by numerous guests from the investment and business sectors, Mr. Jackin Jim, Chairman of Yee Hop Holdings, Dr. David Chung, Chairman of APEL, and Dr. Pat Yeung, Director of APEL, jointly unveiled the Microfactory, officially announcing its commencement of operations.Dr. Pat Yeung, Director of APEL (first from the left), Mr. Jackin Jim, Chairman of Yee Hop Holdings (second from the left), Mr. Mohamed Butt, Executive Director of HKPC (second from the right), and Dr. David Chung, Chairman of APEL (first from the right) are pictured together at the Wisepura Aquapura Microfactory Inauguration Ceremony.Dr. David Chung, Chairman of APEL, said, “We are honored to collaborate with HKPC in establishing the Wisepura Aquapura Microfactory, and we would like to extend our heartfelt gratitude to HKPC for their support. This collaboration highlights our strong research and innovation capabilities in the field of life and health technology. The official commencement of production at the APEL Wisepura Aquapura Microfactory enhances our ability to meet the growing market demand and injects new momentum into the company’s development. Looking ahead, we will continue to expand our network of partners and actively pursue international opportunities, endeavoring to bring local research achievements to the global stage and contribute to global health and environmental protection, working together for a sustainable future.”Dr. David Chung, Chairman of APEL, delivers a speech at the inauguration ceremony.Establishes Strategic Partnership with Shanhu Group to Explore New Opportunities in Water Purification and Aquaculture Technology in the Greater Bay AreaGuangdong Shanhu Group Co., Ltd. (“Shanhu Group”), a global leader in indoor air environment solutions, has seen its core product, industrial fans, gain widespread popularity across six continents, serving over 50 million users. Since 2015, Shanhu Mechanical and Engineering Co., Ltd., a subsidiary of Shanhu Group, has taken a forward-looking approach in the research and development (R&D) of intelligent and energy-saving technologies for aquaculture machinery. On 13 June 2025, APEL officially signed a strategic Memorandum of Understanding (MoU) with Shanhu Group to jointly enter the water purification and intelligent aquaculture sectors. The collaboration aims to develop advanced solutions for high-demand applications such as water purification equipment, ecological restoration technologies, and smart monitoring systems. These innovations will target environmental projects including river remediation, black and odorous water treatment, and ecosystem rehabilitation. Additionally, the partnership will address the stable demand for new filtration materials, water treatment processes, and water quality monitoring technologies in municipal wastewater treatment plants and industrial park facilities. The two companies will also establish cooperative relationships with government environmental agencies and municipal engineering firms to participate in wastewater treatment project bids and provide customized solutions.The collaboration encompasses technological R&D, market expansion, and resource sharing. The two parties will jointly develop intelligent water quality monitoring systems, leveraging big data and artificial intelligence (AI) to optimize aquaculture decision-making while promoting high-efficiency purification technologies for environmental engineering and municipal wastewater treatment markets. The project will integrate Shanhu Group's expertise in electromechanical equipment and disinfection technologies with APEL's proprietary Wisepura Aquapura Microfactory water treatment solutions. This one-year agreement, renewable upon expiration, will initially focus on deploying the collaborative achievements in the Guangdong-Hong Kong-Macao Greater Bay Area through business and technical exchange forums. The partnership is expected to drive the advancement of environmental protection and aquaculture industries in the region, fostering industrial chain transformation. Looking ahead, the collaboration aims to gradually expand into overseas markets.APEL (left) and Shanhu Group sign a strategic Memorandum of Understanding.Advancing towards a new era of “Industry 4.0” with smart manufacturingIn advancing “Industry 4.0” initiative, the APEL Wisepura Aquapura Microfactory integrates cutting-edge technologies such as physical AI, the Internet of Things, and big data into its manufacturing processes. This enables smart monitoring and automated management, enhancing overall operational efficiency and product quality. To mitigate the impact of rapid temperature increase during mixing on the structural integrity and performance of the smart silica capsules, the factory has installed a customized smart temperature control system powered by physical AI to ensure stable product quality. The factory is also equipped with a human-machine interface (HMI), programmable logic controllers (PLCs), and clean-in-place (CIP) systems to boost production efficiency and flexibility. Additionally, it features an Industrial Internet of Things (IIoT) monitoring system to track change of temperature and volume and electricity usage in real time, optimizing energy management. It also adopts just-in-time (JIT) production management to reduce inventory backlog and resource waste, comprehensively promoting efficient smart manufacturing operations.By implementing lean management and the principles of smart manufacturing, APEL’s world-first Wisepura Aquapura Microfactory successfully integrates customized production technology, mechanical automation, and data visualization within a limited space. This achievement enables flexible small-batch customized production and achievies “Industry 4.0 1i Maturity,” paving the way for physical AI applications.Guests visiting the APEL Wisepura Aquapura Microfactory.Dual Advancement in Health and Environmental Technology InnovationWater is an essential resource for sustaining human life and ecological health. However, urban development has exacerbated water pollution, posing significant threats to public health and ecosystems. To address these challenges, APEL has developed Wisepura Aquapura, featuring the world’s first patented porous silica capsule technology. This innovation has received gold and silver medals at the International Exhibition of Inventions of Geneva in 2022 and 2024, respectively. It intelligently releases active ingredients upon contact with water, effectively eliminating over 95% of harmful microorganisms and antibiotic-resistant bacteria while also meeting diverse application needs. This technology has been widely applied across Hong Kong’s public infrastructure, targeting over 30 types of bacteria, fungi, and viruses in water supply, air conditioning, and sewage systems—including Legionella, hand-foot-and-mouth disease pathogens, influenza virus, and Candida albicans—significantly reducing the risk of waterborne and aerosol-transmitted diseases. Moreover, the silica capsule can be reused multiple times and safely disposed of at the end of its lifecycle, thereby minimizing environmental impact and setting a new standard for water treatment solutions.APEL’s world-first Wisepura Aquapura Microfactory successfully integrates customized production technology, mechanical automation, and data visualization, achieving “Industry 4.0 1i Maturity.”About Wisepura Aquapura MicrofactoryLocated in Kowloon Bay, the APEL Wisepura Aquapura Microfactory scales up laboratory processes to pilot production while effectively adapting to the spatial constraints of traditional multi-story industrial buildings in Hong Kong. It achieves a high production capacity of 6 tons per day. At the heart of the production line is its C-shaped layout, laying a solid foundation for efficient operations. The factory is equipped with mixing, filling, and screw capping systems, along with smart technologies, and a customized pipeline system that connects 5 pharmaceutical-grade mixing tanks, enabling comprehensive lean management. Due to the limited space, the factory is equipped with a 2.5-meter-high automatic capping machine that maximizes vertical space, demonstrating the perfect integration of space efficiency and smart technology.The launch of the Microfactory not only significantly enhances production efficiency but also accelerates APEL’s collaboration with Superpower Pumping Engineering Co., Ltd., facilitating the market expansion of research products. Furthermore, the Microfactory has received official orders from the Drainage Services Department, demonstrating strong recognition of its solutions and generating tangible economic benefits for the Company. To tap into the Japanese market, which places high value on personal health and environmental hygiene, APEL is currently holding an innovative interactive exhibition at The Lab. in Osaka to showcase its three flagship products—Wisepura water and air purification systems, GERMAGIC™ antimicrobial coating, and GERMAGIC™ PET health care solutions for pets—seizing growth opportunities in Asia’s health technology industry.About Yee Hop Holdings LimitedYee Hop Holdings Limited (stock code: 1662.HK) is a company listed on the Main Board of the Stock Exchange of Hong Kong Limited and a long established contractor in Hong Kong, principally engaged in the provision of foundation works and tunneling works. In addition, its associate company, Windmill Street Development, is engaged in the development of premium property projects in Birmingham, the United Kingdom. In 2023, the Group established Absolute Pure EnviroSci Limited (“APEL”), which focuses on health and environmental innovations, including the distribution and research and development of specialty biochemical and biomedical products. APEL has also established laboratories in collaboration with The Hong Kong University of Science and Technology (“HKUST”) and the Hong Kong Science Park successively. The joint laboratory, “HKUST-AP EnviroSci Ltd. Joint Laboratory on Health and Environmental Innovation,” was officially launched on 10 January 2024. Additionally, the “APEL Biomedical Technology Innovation and Translational Commercial Laboratory” located at the Hong Kong Science Park was officially inaugurated on 13 March 2024.For more information about Yee Hop Holdings, please visit: http://www.yee-hop.com.hk/About Absolute Pure EnviroSci LimitedAbsolute Pure EnviroSci Limited (“APEL”), is an indirect non-wholly owned subsidiary of Yee Hop Holdings Limited, a company listed on the Main Board of the Stock Exchange of Hong Kong Limited (stock code: 1662.HK). With a mission to improve the quality of life and living environments, APEL is principally engaged in the research and development and commercialization of health and environmental innovations. Leveraging its Multilevel Antimicrobial Polymer (MAP-1) technology, APEL has developed specialized application formulas in four key areas: air purification in aircraft, water purification, livestock health, and eco-friendly building materials, all designed to address pressing global challenges. APEL looks forward to working with researchers and industry partners worldwide to drive further health and environmental innovations.For more information about APEL, please visit: https://apesl.com/For media inquiries, please contact:AJA (IR & Communications)Avy YuTel: +852 9500 4443Email: avy.yu@ajacapital.com.hk / info@ajacapital.com.hk Copyright 2025 ACN Newswire via SeaPRwire.com.
Jacobson Pharma Announces FY2025 Annual Results
KEY HIGHLIGHTS- Revenue up by 7.4% to HK$1,576.9 million- Profit from continuing operations rose by 43.1% to HK$300.8 million- Net gearing ratio down to 8.3% from 12.2%- Recommended Final Cash Dividend of HK5.50 Cents Per Share and Special Cash Dividend of HK6.00 Cents Per Share- Continued enrichment of pipeline through R&D and strategic in-licensing- Improved operational efficiency by enhancing capacity and optimizing production leverage efficiencyHONG KONG, Jun 13, 2025 - (ACN Newswire via SeaPRwire.com) - Jacobson Pharma Corporation Limited ("Jacobson Pharma" or the "Company"; Stock Code: 2633), a leading company engaged in the research, development, production, marketing, and sale of essential medicines and specialty drugs, today announced the annual results of the Company and its subsidiaries (collectively the "Group") for the year ended 31 March 2025 ("FY2025" or the "Reporting Period").Building on the growth momentum of previous years, Jacobson Pharma continued to make promising progress, achieving total revenue of approximately HK$1,576.9 million during the Reporting Period, a year-on-year growth of 7.4%. Profit for the year from continuing operations increased by 43.1% to HK$300.8 million, reflecting the Group’s steadfast commitment to strategic execution and operational excellence.The Group’s financial position remains strong, providing a solid foundation for fuelling future development and dividend returns to shareholders. Bolstered by a robust business performance and persistent cost management, the Group achieved an adjusted EBITDA of HK$572.8 million. Net gearing ratio improved to 8.3% from 12.2% at the close of FY2025, and cash reserves held steady at HK$509.0 million.The Board recommends the payment of a final cash dividend of HK5.50 cents per share (FY2024: HK3.00 cents per share) and a special cash dividend of HK6.00 cents per share (FY2024: Nil). Including the interim cash dividend of HK3.50 cents per share already paid, the total cash dividend for FY2025 would be HK15.00 cents per share (FY2024: HK5.50 cents per share), up by 172.7% year-on-year.Robust Portfolio Meets Rising Healthcare DemandThe Group’s sales growth in FY2025 was driven by multiple factors. Hong Kong’s extended flu season, compounded by circulating respiratory pathogens, led to a significant surge in demand for cold and flu treatments. Broader healthcare trends further supported this momentum, including an aging population, high rates of chronic conditions like diabetes and hypertension, and growing mental health needs. Additionally, public health initiatives heightened awareness of preventive care, reinforcing demand for medications and medical consultations. Together, these trends contributed to sustained sales momentum across the Group's businesses throughout the Reporting Period.The Group remains well-positioned to meet Hong Kong’s growing healthcare needs with its broad portfolio of essential medicines and specialty drugs. Backed by an efficient supply chain, it ensures reliable access to cost-effective treatment choices while reinforcing its role as a trusted healthcare service provider.Sustained R&D Momentum and Specialty Portfolio ExpansionMomentum in expanding the Group’s R&D pipeline of the Group was sustained throughout the Reporting Period, advancing its strategy to broaden the product portfolio. As of 31 March 2025, the pipeline comprised 219 products at various development stages.To expand its specialty drugs portfolio, the Group concluded various in-licensing agreements with global manufacturers for 20 high-performing products across key therapeutic areas such as immunology, oncology, cardiology, neurology, and rare diseases. Selected for their strong clinical profiles and market potential, these additions support sustained growth and reflect the Group’s commitment to advancing patient care through innovative therapies.Bringing Innovation to Enhance Patient OutcomesThe Group continues to expand market reach for Arsenic Trioxide Oral Solution, co-developed with The University of Hong Kong to treat acute promyelocytic leukaemia (APL). Clinical trials show a 97% survival rate and 100% molecular remission, earning it the Orphan Drug Designation from both the U.S. FDA and EMA. A global Phase III trial will be launched in 2026 with market approval targeted for 2028.Jacobson Pharma also achieved a significant milestone on 20 February 2025, with the launch of supply chain liaison services for Axicabtagene Ciloleucel (Yikaida) – a CAR-T therapy - in partnership with Shanghai Fosun Pharmaceutical (Group) Co., Ltd. and Fosun Kairos Biotechnology Inc.. Supported by an Advanced Therapeutic Product (ATP) logistics license, this breakthrough therapy for diffuse large B-cell lymphoma marks a major advance in next-generation cancer care.Powering Growth with Smart ProductionIn line with the Groups’ strategic goal of enhancing its manufacturing capabilities, Jean Marie Pharmacal Co Limited, a member of the Group, commenced the development of a new pharmaceutical facility at Tai Po InnoPark in February 2025. Supported by the Hong Kong Government’s New Industrialisation Acceleration Scheme, the facility will house 10 smart production lines for sterile eye drops, solid dosage forms, and oral liquids. Leveraging AI, robotics, and real-time analytics, the advanced facility will boost production efficiency and quality standards. Trial production is slated for late 2026, with a focus on developing specialty products to cater to unmet medical needs. This investment strengthens the Group’s industry leadership and supports Hong Kong’s emergence as a hub for advanced pharmaceutical manufacturing.Mr. Derek Sum, Chairman and Chief Executive Officer of Jacobson Pharma, stated, “FY2025 has been another eventful year for Jacobson Pharma, underscoring the strength of our strategy, the dedication of our team, and the trust of our stakeholders. These foundations continue to position us as a leading force in Hong Kong’s generic pharmaceutical sector.Looking to 2026, we remain optimistic about our prospects and growth. Healthcare policy reforms and rising medication demand from an aging population and chronic conditions will fuel the growth of the generic drugs market. With a strong pipeline, expanding partnerships, and digital innovation, we are well-positioned to seize growth opportunities and create sustainable values for the Group’s businesses”About Jacobson Pharma Corporation Limited (Stock Code: 2633)Jacobson Pharma is a leading pharmaceutical company in Hong Kong vertically integrated and engaged in the research, development, production, sale and distribution of essential medicines and specialty drugs. As a major provider of generic drugs in Hong Kong, the Group has one of the most extensive sales and distribution coverage for both the private and public sectors in Hong Kong, with an expanding reach into strategically selected Asian markets. Carrying a broad product portfolio and taking a pre-eminent market position in a number of therapeutic categories, the Group operates a host of 9 PIC/S GMP licensed production facilities for generic drugs in Hong Kong.The Group is committed to strategically enhancing its portfolios by introducing high-value-added specialty products. With its corporate headquarters based in Hong Kong, the Group has also established its operating subsidiaries in China, Macau, Taiwan and Cambodia, forming a regional commercial platform to tap the market potential in the Asia Pacific and Greater China region. Jacobson Pharma has been a constituent stock of MSCI Hong Kong Micro Cap Index since 1 June 2017. For more details about Jacobson Pharma, please visit the Group's website: http://www.jacobsonpharma.com Copyright 2025 ACN Newswire via SeaPRwire.com.
Desert Mirage or Musical Revolution? ESCAPE Records’ Secret Vault Opens, Revealing a Hidden Sonic Sanctuary
PIONEERTOWN, CA, June 13, 2025 - (ACN Newswire via SeaPRwire.com) - ESCAPE Records releases two transcendent works from its secretive Mojave Desert hub in Pioneertown CA: the Parallel Universe EP, a genre-defying musical odyssey from touring electronic artists and industry veterans, and Gong Song! (Live from Escape, Pioneertown CA), a 45-minute sound healing masterpiece by Alessandra Montana.Naturally Occurring Emoji - BEEPLEEveryday from BEEPLE. Cover of Parallel Universe EP. Courtesy of Escape Records LLC.Crafted where social media fades to the obscure and creativity thrives, these two new records aim to forge deep audience connections - inspiring a sense of solidarity between the creative and their audience.The Parallel Universe EP blends electronic, Americana, and Latin vibes, born during a songwriting retreat at ESCAPE's legendary studio, some 40 miles from the gates of Coachella in the high desert of California, a mile above sea level under a myriad of stars. Listeners are invited to ponder what their life would be like in a parallel universe; evoking poignant emotions in today's somewhat turbulent world.Tracks are shared by studio founder and producer ROC Gardner, Latin Grammy-nominated Cimafunk (La Vida), Jamie N Commons (Hold Me While You Wait), DJ Tennis (Life and Death), and Grammy-nominated Jan Blomqvist (Remote Control), joined by producers Joseph Ray (Nero), Daniel Cantisani, Nikko Gibler (RicoshÄ“i), and Devlin Thorn alongside artists that include Kim Bullard (Elton John) and Craig McClune (David Gray) who lent their expertise to evolving the tracks.Mixed by Mick Guzauski (Daft Punk, The Weeknd, Michael Jackson) and mastered by Bernie Grundman, tracks include Mezcalita (June 13), Happy Unhappy (June 20), La Sugar (June 27), and Never Know (July 4). BEEPLE's surreal artwork Naturally Occurring Emoji and an AI-driven video by The Dor Brothers amplify the EP's cosmic narrative."The universal sky we spent each night under sparked something raw," says ROC. "It was awesome breaking out of our channels - we got to capture all these ideas, unbound by trends or any other concerns - it was great fun!"Simultaneously, Alessandra Montana's Gong Song! (Live from Escape) captures a live 45-minute sound journey, recorded meticulously with vintage gear and microphones at ESCAPE. Guided by mixing engineer Rob Columbus and mastered by Grundman, Montana's gongs and sacred instruments weave a meditative portal for healing."Escape's magic let me share my practice globally. I can't wait for people to hear this and experience the journey we went on," says Montana.ESCAPE, a 140-acre creative haven hosting Rüfüs Du Sol, Arctic Monkeys, Usher, RAYE - and many others - fosters unfiltered artistry. The studio hopes to deliver magic - and its music - unfettered and unfiltered.Visit www.esca.pe for more.Assets: Press release, artwork, lyrics, .wav files available upon request.Interviews: info@esca.peJan Blomqvist appears courtesy of Armada Music B.V.Tracks:Mezcalita (1st Single): https://audiosalad.ffm.to/commons-roc-mezcalitaParallel Universe EP: https://audiosalad.ffm.to/parallel-universeGong Song! (Live from Escape): https://audiosalad.ffm.to/gong-songContact InformationSteven Bradley9/9 - Digital/Social Mediaescape@9slash9.comEscape RecordsLabel Contactinfo@esca.peSOURCE: Escape Records LLC Copyright 2025 ACN Newswire via SeaPRwire.com.
Ria Money Transfer’s New Approval Enables Digital Salary Payments for Malaysia’s Migrant Workforce
With the Department of Labour Peninsular Malaysia’s approval, the Ria Payroll Management System, coupled with the Ria Wallet and Prepaid Card Program, in collaboration with Mastercard, aims to promote financial inclusion among unbanked migrant workers throughout Malaysia, offering employers a secure and compliant way to manage their payroll needs.KUALA LUMPUR, June 13, 2025 - (ACN Newswire via SeaPRwire.com) - Ria Money Transfer (“Ria”), a global leader in the cross-border money transfer industry and business segment of Euronet Worldwide, Inc. (NASDAQ: EEFT) has been officially approved by the Department of Labour Peninsular Malaysia (JTKSM) for the disbursement of digital wage payments via the Ria Wallet. By streamlining wage distribution through digital means, the Ria Prepaid Card Program, in collaboration with Mastercard, provides an omni-channel solution to employers who may struggle with conventional banking access for their workforce.The Ria Wallet facilitates various financial activities such as depositing funds, withdrawing cash from ATMs, paying bills, and conducting domestic and international transfers. Customers will also be able to make payments in millions of locations in Malaysia via QR payment linked to DuitNow. In addition, the Ria Wallet streamlines payroll management for Malaysia-based companies throughout industries heavily dependent on migrant workers, including construction, agriculture, and manufacturing.According to the International Organization of Migration (“IOM”), migrants represent an estimated 15.3% of Malaysia’s total workforce, many of whom are unbanked. The Ria Wallet addresses the challenges faced by both workers and employers in the country's cash-centric payment landscape.Ria’s presence in Malaysia since 2001 has positioned Ria as one of the leading players in the money transfer industry. Leveraging its strong physical network of 624,000 locations worldwide and its presence in nearly 200 countries and territories, Ria aims to provide a diverse and seamless service experience to all customers.Espen Kristensen, Ria Money Transfer’s Managing Director Asia Pacific, expressed his excitement for the expansion of Ria's service portfolio in Malaysia. He emphasized, “We understand the challenges employers in Malaysia face when it comes to managing wages for their workers. Through the Ria Wallet, companies will be able to benefit from a digital solution that improves transparency and compliance across their operations”.In collaboration with Mastercard, The Ria Prepaid Card Program underscores the company’s commitment to driving positive social impact through the financial empowerment of different communities worldwide. About Ria Money TransferRia Money Transfer, a business segment of Euronet (NASDAQ: EEFT), delivers innovative financial services including fast, secure, and affordable global money transfers. With the world’s largest cross border real-time money movement network, Ria moves money where it matters. Bridging the gap between digital and physical spaces, Ria’s omnichannel products and services provide unprecedented consumer choice, including real-time payments, mobile wallets, currency exchange, home delivery, and cardless ATM payouts. Ria’s global infrastructure, powered by the Dandelion real-time, cross-border payments network, facilitates financial access to customers, agents and partners alike. By creating new market opportunities and promoting economic growth around the world, Ria opens ways for a better everyday life. Copyright 2025 ACN Newswire via SeaPRwire.com.
ARE Expands India Leadership, Strengthens Regional Role in Climate, Energy, and Food System Transition
SINGAPORE / INDIA, June 13, 2025 - (ACN Newswire via SeaPRwire.com) - Asia Research & Engagement (ARE), a leading sustainability-focused consultancy and capital markets engagement firm, has expanded its India team with two senior appointments: Shishir Soti, Director, Global Operations and Partnerships and Arun Kumar, Strategic Advisor – Power Markets and Technology Innovation.Founded in 2013 and headquartered in Singapore, ARE works across Asia’s key economies – including China, India, and Japan – to drive sustainability outcomes through the alignment of capital markets, corporate strategy, and policy. India’s expanding influence in energy, agriculture, and capital markets makes it not just a domestic focus but a regional anchor for accelerating Asia’s net-zero transition.“India is already making bold strides on its decarbonisation journey,” said Benjamin McCarron, Founder & Managing Director, ARE. “Expanding our footprint here strengthens our ability to connect investor expectations and corporate ambition across the region, from Tokyo to Bangkok to Singapore. India’s scale and innovation are pivotal to designing future-fit systems across all of Asia.”Shishir Soti brings more than 25 years of experience to ARE, having held senior positions in banking and financial services at institutions including Standard Chartered and ICICI Bank, as well as senior roles at environmental groups such as the Shakti Sustainable Energy Foundation and Environmental Defense Fund. At ARE he will help deepen the integration of India into ARE’s regional programmes on financed emissions, sustainable food systems, and transition financing. He will also spearhead stakeholder engagement and fundraising strategy for ARE’s India programmes, advancing efforts to align Indian corporates and banks with net-zero goals.“India’s ambition to reach net-zero by 2070 has implications far beyond its borders,” said Soti. “Its energy and agricultural transitions will shape supply chains, investment flows, and climate ambition throughout Asia. I’m proud to support ARE’s work connecting policy, capital, and corporate action at this critical intersection.”Arun Kumar joins ARE with more than 25 years of experience in power markets, technology, and strategy, having held leadership positions at PTC India, HSBC Securities, KPMG and CRISIL where he was consistently ranked among India’s top energy analysts. He will provide strategic insights into regulatory trends, market innovation, and grid decarbonisation.“ARE’s investor-informed approach has already helped shift conversations in China, Japan, and Southeast Asia,” said Kumar. “India’s power market is on the cusp of transformation, and I look forward to helping shape the trajectory through collaborative engagement and technology foresight.”Soti and Kumar will work closely with Rituj Sahu, Director – Protein Transition (India), who has been leading ARE’s work on food systems, climate finance, and impact stewardship in India since 2022. Their collective expertise positions ARE to deepen its regional impact across three core pillars: Energy transition and financed emissions engagement with corporates and banks; Sustainable food and agriculture systems, with a focus on the protein transition; Capital mobilisation, bridging global finance with local sustainability outcomes.The India expansion complements and strengthens ARE’s ongoing work in Singapore, China, Taiwan, Japan, and Thailand – creating a more connected and coordinated platform for sustainable transformation across Asia.“To solve regional sustainability challenges, we need local intelligence, regional coordination, and global capital alignment,” added McCarron. “India is integral to the systems change ARE is driving across the region.”About Asia Research & Engagement (ARE)Creating change through investor-backed engagement. ARE's pioneering approach fills an engagement gap to bring leading investors into dialogue with Asian-listed companies. ARE currently works with investors representing US$10trillion. ARE covers Asian-listed companies from the financial sector, energy-related industries, and food value chains, seeking to advance a sustainable and compassionate Asia.For media interviews and further enquiries, please contactWani DiwakarAsia Research & Engagement (ARE) wani.diwarkar@asiareengage.com Copyright 2025 ACN Newswire via SeaPRwire.com.
NEFECON(R) and EVER001 Drive Synergistic Progress as Everest Medicines Advances
HONG KONG, Jun 12, 2025 - (ACN Newswire via SeaPRwire.com) - At the 62nd Congress of the European Renal Association (ERA 2025), Everest Medicines presented new results findings on both NEFECON® (budesonide delayed release capsules), the world’s first and only approved therapy that directly targets the underlying cause of IgA nephropathy (IgAN), and EVER001, a next-generation covalent reversible BTK inhibitor. The latest results provide robust evidence for NEFECON®’s efficacy across the full disease spectrum and reinforce its foundational role in the emerging IgAN treatment strategy: “Treat the Cause, Treat Early, Treat All”. The nine studies covered biomarker-based prediction, treatment outcomes across various diagnostic timelines and baseline kidney function levels, long-term treatment durability, and mechanistic insights.Two studies further validated the critical role of NEFECON® in targeting the underlying mechanisms of IgA nephropathy (IgAN), reinforcing its position as the first-line etiological treatment for the disease. One study, based on the "Four-Hit" hypothesis, demonstrated that NEFECON® significantly impacts the first three pathogenic steps, ultimately reducing the risk of kidney function deterioration by 50%. Another study found that reductions in pathogenic Gd-IgA1 and polymeric IgA levels during the first two months of treatment closely correlated with improvements in proteinuria, suggesting their potential as predictive biomarkers to guide treatment.Two additional studies confirmed the clinical benefits of “Treat Early” with NEFECON®. A subanalysis of the NefIgArd study showed that patients who began treatment within six months of diagnosis experienced greater kidney protection and more significant reductions in proteinuria compared to those diagnosed earlier. This highlights the importance of early intervention to slow disease progression and achieve better long-term outcomes. Another prospective study supported this finding, showing that earlier treatment may more effectively reduce pathogenic immune factors and control inflammation, potentially preventing disease relapse or irreversible progression.Finally, two studies provided strong clinical evidence supporting NEFECON®’s “Treat All” strategy by confirming its broad applicability across different patient types. A subanalysis of the NefIgArd study found that NEFECON® effectively reduced proteinuria and preserved kidney function across all baseline eGFR levels. A separate multicenter study showed that patients with active pathological changes, such as endocapillary hypercellularity or crescent formation, experienced even more pronounced improvements in proteinuria and delayed disease progression.NEFECON® is the first and only fully approved etiological treatment for IgAN in China, the U.S., and Europe. It has been included in the KDIGO 2024 Clinical Practice Guideline For The Management Of Immunoglobulin A Nephropathy (IgAN) And Immunoglobulin A Vasculitis (IgAV) (public review draft). With updated data presented at ERA 2025, NEFECON® further solidified its position as a first-line cornerstone therapy, demonstrating a clear mechanism of action, sustained long-term benefits, and suitability for a wide range of patients. As NEFECON® continues to gain approvals across global markets, expand reimbursement coverage in China, and advance in tandem with diagnostic tools such as the Gd-IgA1 diagnostic kit under development, Everest Medicines is building a comprehensive “diagnosis-treatment-monitoring” ecosystem. This integrated approach is designed to shift IgAN management from symptomatic support toward precise, long-term disease control.In parallel, Everest Medicines’ proprietary next-generation covalent reversible Bruton's tyrosine kinase (BTK) inhibitor, EVER001, was featured in a focused oral presentation at the 62nd Congress of the European Renal Association (ERA 2025). EVER001 has best-in-class potential for the treatment of primary membranous nephropathy (pMN) and other autoimmune kidney diseases such as IgAN, MCD, FSGS, and LN, targeting a global patient population of over 10 million. As no drug is currently approved for pMN, EVER001 offers a promising new option. Preliminary results from the ongoing Phase 1b/2a trial show that EVER001 is well tolerated and demonstrates strong clinical and immunological responses, including reductions in proteinuria and anti-PLA2R autoantibodies. The study also includes long-term follow-up data, supporting its potential in chronic disease management. Everest Medicines is continuing to expand clinical research to gather more data across patient groups and longer treatment durations.This advancement complements NEFECON® and exemplifies Everest Medicines’ “dual-engine” strategy, which combines in-licensed and internally developed innovations to broaden its kidney disease pipeline. Together, NEFECON® and EVER001 empower Everest Medicines to build a precise and durable kidney disease management ecosystem, accelerating global expansion and providing patients with accessible, effective treatment options. Copyright 2025 ACN Newswire via SeaPRwire.com.
JBM Healthcare Delivers Strong FY2025 Annual Results, Net Profit Surged 51.2% to HK$197.3 Million
KEY HIGHLIGHTS- Revenue up by 20.7% to HK$782.3 million- Gross profit increased by 22.4% to HK$413.7 million- Consolidated profit attributable to equity shareholders grew by 51.2% to HK$197.3 million- The Board recommends a final dividend of HK11.5 cents per share- Flagship proprietary brands Ho Chai Kung, Po Chai Pills, and Flying Eagle Woodlok Oil delivered robust growth through effective brand management campaigns- Concentrated Chinese medicine granules (“CCMG”) remained resilient, providing a steady contribution to overall business performanceHONG KONG, Jun 12, 2025 - (ACN Newswire via SeaPRwire.com) - JBM (Healthcare) Limited ("JBM Healthcare" or the "Company"; Stock Code: 2161, together with its subsidiaries, the "Group"), a leading branded healthcare products marketer and distributor in Hong Kong, today announced the annual results of the Group for the year ended 31 March 2025 ("FY2025" or the "Reporting Period").Despite a lackluster retail environment in Hong Kong, JBM Healthcare delivered a robust financial and operational performance in FY2025. Revenue from the branded healthcare business rose by 20.7% year-on-year to HK$782.3 million. Gross profit grew by 22.4% to HK$413.7 million, while consolidated profit attributable to equity shareholders surged 51.2% to HK$197.3 million.This significant increase in consolidated profit attributable to equity shareholders was driven by robust sales of flagship brands - including Ho Chai Kung, Po Chai pills, and Flying Eagle Woodlok Oil, complemented by the resilient performance of its CCMG business. These strong results underscore the effective execution of the Group’s integrated sales and marketing strategies, and its strategic foresight in capturing growth opportunities in the branded consumer healthcare market across Hong Kong, Macau, and major cities in the Greater Bay Area.The Board recommends a final dividend of HK11.5 cents per share. Including the interim dividend of HK5.5 cents per share already paid, the total dividend for FY2025 will be HK17.0 cents per share.Solid Performance Across Core SegmentsIn the branded medicines business, sales revenue recorded strong growth of 43.2%, propelled by Ho Chai Kung’s sustained market momentum. Ho Chai Kung successfully expanded its market penetration through precisely targeted marketing initiatives that broadened its consumer base while simultaneously reinforcing brand recognition.Sales in the proprietary Chinese medicines segment grew by 5.0% against the backdrop of softened local retail sentiment of Chinese medicines and herbs, driven by the momentum of flagship brands Po Chai Pills and Flying Eagle Woodlok Oil, alongside the resilient performance of the CCMG business. Po Chai Pills enhanced brand visibility through sustained TVC placements and title sponsorship of popular television programs. Meanwhile, Flying Eagle Woodlok Oil reinforced its market position with an integrated campaign themed “Flying Eagle – The Real Master’s Choice”, highlighted by a viral “Flying Eagle Bro” billboard at Tsim Sha Tsui Star Ferry Pier, which tripled brand awareness.In the health and wellness products segment, revenue increased by 44.9%, driven by the steady growth of Oncotype DX Breast Recurrence Score Test (“Oncotype DX”), along with the expansion of our product portfolio and enhanced marketing efforts to meet consumer healthcare demands of the mass market. Oncotype DX has gained increasing recognition among healthcare professionals in Hong Kong and Macau.Capturing the Growth Potential of Cross-Border E-Commerce and TCM SectorThe Group has made steady progress in expanding its online presence on cross-border e-commerce platforms as well as strategically positioned to capitalise on the growing traditional Chinese medicine (“TCM”) sector in Hong Kong and the Greater Bay Area. The Group’s flagship stores on Tmall Global and JD.com have performed strongly, with Ho Chai Kung ranking among the top 10 overseas medicines during the 2024 Double 11 sales event. To drive sustainable growth, the Group is also diversifying into new categories while enhancing both its B2B and B2C sales networks.Strategic Acquisition of Tin Hee TongIn April 2025, the Group completed the acquisition of a 90% stake in Tin Hee Tong Medicine Factory, Limited, whose flagship product, Tin Hee Tong Tin Hee Pills, is a well-recognised brand in Hong Kong and mainland China, particularly among female consumers for its efficacy in regulating the menstrual cycle and supporting reproductive health. The acquisition expands the Group’s proprietary Chinese medicine portfolio and creates synergies by integrating Tin Hee Tong’s brand with the Group’s manufacturing and marketing strengths. Leveraging its expertise in brand management, the Group will launch a comprehensive marketing campaign to boost awareness, enhance engagement, and broaden distribution.Mr. Patrick Wong, Chief Executive Officer of JBM Healthcare, commented, “Amid the challenging retail environment, we delivered strong financial and operational performance, driven by our robust portfolio, the enduring appeal of our flagship brands, and our unwavering focus on operational excellence.”“Looking ahead, we remain committed to disciplined growth and operational excellence. With rising health awareness, increasingly sedentary lifestyles, and an ageing population continuing to fuel demand, we are well-positioned to capitalise on growth opportunities in the consumer healthcare sector. We will continue to sharpen our brand management capabilities, strengthen our core brand equity, expand our product offerings, and extend our market reach.”About JBM (Healthcare) Limited (Stock Code: 2161)JBM Healthcare is a Hong Kong-based company that markets and distributes branded healthcare products across Greater China, Southeast Asia, and other select countries. The Group is a distinctive player in the sector with marketing expertise and heritage in pharmaceuticals that prioritises product efficacy and quality to meet consumers' healthcare needs. As a renowned healthcare brand operator in Hong Kong, the Group carries a wide-ranging portfolio of branded healthcare products comprising branded medicines, proprietary Chinese medicines, and health and wellness products, which include well-recognised household brands such as Po Chai Pills, Ho Chai Kung Tji Thung San, Tin Hee Tong Tin Hee Pills, Flying Eagle Woodlok Oil), Tong Tai Chung Woodlok Oil, Shiling Oil and Konsodona Medicated Oil. JBM Healthcare has been a constituent stock of the MSCI Hong Kong Micro Cap Index since 27 May 2021. For more details about JBM Healthcare, please visit: www.jbmhealthcare.com.hk Copyright 2025 ACN Newswire via SeaPRwire.com.
10 winners selected at 8th edition of Start-up Express
- On the Final Pitching Day of Start-up Express, 10 winners were selected, with xxx and AniTech Limited receiving the ESG Award and the My Favourite Start-up Award respectively- More than 200 industry players attended, helping start-ups to establish connections and increase exposure, and continue to promote Hong Kong's entrepreneurial ecosystem- Majority of the 10 winners are health tech start-ups, while others represented sectors such as green tech, smart city and AI SolutionsHONG KONG, Jun 12, 2025 - (ACN Newswire via SeaPRwire.com) - 10 start-ups were selected as winners at the eighth edition of Start-up Express, an entrepreneurship development programme organised by the Hong Kong Trade Development Council (HKTDC) which came to a successful conclusion. The ESG Award was presented to Green Vigor Limited in recognition of the best sustainable and socially impactful business solution, and AniTech Limited won the My Favourite Start-up Award as determined through audience live polling. The 10 start-ups will participate in a series of local and overseas business events organised by HKTDC to develop their profiles through building connections, exploring markets, seeking partners and enhancing brand awareness.HKTDC is fully committed to supporting and promoting the development of start-ups, helping them to expand into Mainland and international markets to showcase Hong Kong’s strengths in innovation and technology.Iris Wong, Director of Merchandise Trade and Innovation & External Relations of HKTDC said: “Start-up Express serves as the launchpad for Hong Kong’s brightest tech innovators. As HKTDC’s flagship start-up development programme, our mission is to help local tech start-ups build capability and connections, explore new markets, seek business and funding partners, and enhance their brand awareness. I am proud to share that we have already assisted 70 Hong Kong start-ups to scale-up in Hong Kong and expand into overseas markets since we first held Start-up Express in 2018. Many of these start-ups have achieved remarkable success, earning global awards, securing significant investments, and forming key business partnerships. This demonstrates how the HKTDC platform helps bring Hong Kong start-ups into the limelight and accelerate their success.”This year’s Start-up Express attracted more than 200 applications. The majority of the 10 winners are health tech start-ups while the rest represent green tech, smart city and AI solutions. Booths were also set up during the event enabling the Start-up Express finalists to showcase their businesses to all attendees and participants.Comprehensive range of networking and matching initiatives provided to winning start-upsThe 10 winners were chosen from 20 contestants during the final pitching round with each presenting their innovative business ideas and answering questions raised by the distinguished judging panel. The 10 winning start-ups are: ACTuWISE Limited, Decennium Platforms Limited, AniTech Limited, Digitoe Limited, CELLmeric Limited, RT Healthtech Co. Limited, Firefilm Group Limited, Albacastor Technology Limited, Entoptica Limited and Green Vigor Limited.Click here to download the list of winners and their company profiles.The HKTDC will arrange a series of exposure opportunities for the winning teams to interact with potential investors, buyers and partners.Judges praised the winners for their performance and awareness of market trendsOne of the judges, Herbert Chia, Senior Advisor of Alibaba Cloud (North APAC Region), said: “We are always surprised by the new start-ups in each year's awards. In the face of rapid AI development, many local start-ups have quickly incorporated AI into their business operations, showing that they are innovative, capable and also closely following the market trend.”Another judge, Jimmy Tao, Chairman of Hong Kong Startup Council, said: “The quality of this year's competition is high, with products and services covering different technologies, especially artificial intelligence, green tech and medical innovation. We are pleased to see the new generation of start-ups continue to break new grounds in innovation and technology, demonstrating their unlimited potential and creativity, thereby contributing to society’s advancement. Hong Kong's start-up scene continues to grow vigorously, with a record number of 4,694 start-ups last year, demonstrating Hong Kong's promising outlook and increasing attractiveness to do business and as an ideal to set up a start-up. We believe that this year's winning start-ups will gain valuable opportunities to expand their markets and build networks through Start-up Express.”Start-up Express helps start-ups secure investment and partnership opportunitiesStart-up Express provides extensive promotional opportunities for start-ups with winners able to take part in exhibitions in Mainland China and internationally, attend meetings with investors to learn more about the industry, market trends and investors’ preference.Libpet Tech, a Start-up Express winner in 2024, has recently completed a US$3 million seed funding, and the investment will be utilized for technology upgrades and international market expansion. Jojo Xu, CEO of Libpet Tech, said: "Participating in Start-up Express has given us more exposure and enhanced our brand awareness, as seen from the increased attention from potential customers and investors. We are grateful for the investors' confidence in our company. We will join hands with our public and private partners to integrate robotics into daily life and promote human-centric smart mobility.”The 4th Start-up Express International returns in December with global start-upsThe HKTDC has always given its full support to Hong Kong’s entrepreneurial ecosystem, helping to maintain the city’s status as a competitive business centre and hub for innovation. Start-up Express International was launched in 2022 for overseas early-stage start-ups to share the stage with local Start-up Express winners. The past three editions have attracted participants from around the world, including Australia, France, Germany, Japan, Korea, Turkey, Singapore, United Arab Emirates and the United States. The 4th Start-up Express International will return during Entrepreneur Day in December and the HKTDC will support the winners in setting up their businesses in Hong Kong and to explore the mainland and Greater Bay Area markets.Start-up Express: https://portal.hktdc.com/start-upexpress/Photo download: http://bit.ly/4jPwedcRepresentatives of the 10 winners of Start-up Express took a group photo with the judges and guests. Back row, from left to right: Herbert Chia, Senior Advisor of Alibaba Cloud (North APAC Region), Alan Cheung, Chairman & Managing Director of Grandion Group, Anthony Chan, CEO of Isola Capital, Iris Wong, HKTDC’s Director of Merchandise Trade and Innovation & External Relations, Matthias Knobloch, Managing Partner & CEO of Betatron Venture Group, Lui Tong, Chairman of PRD Angels and Jimmy Tao, Chairman of Hong Kong start-up CouncilStudents from local schools were invited to the Final Pitching Day of Start-up Express to present their innovative solutions. They were mentored by Sarah Tong, co-founder of Big Bang Academy, winner of Start-up Express 2023, who also presented the awardsMore than 200 industry players attended the Final Pitching Day of Start-up Express, giving the opportunity for start-ups to network with investors and business leadersBooths were also set up during the event, where finalists showcased their businesses to all attendees and participantsHKTDC Media Room: http://mediaroom.hktdc.com/enMedia enquiriesPlease contact the HKTDC’s Communications & Public Affairs Department:Stanley So Tel: (852) 2584 4049 Email: stanley.hp.so@hktdc.orgKaty Wong Tel: (852) 2584 4524 Email: katy.ky.wong@hktdc.orgSerena Cheung Tel: (852) 2584 4272 Email: serena.hm.cheung@hktdc.orgClayton Lauw Tel: (852) 2584 4472 Email: clayton.y.lauw@hktdc.orgAbout HKTDCThe Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With over 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit:www.hktdc.com/aboutus. Copyright 2025 ACN Newswire via SeaPRwire.com.
This Technology is Conquering the World: Neutrinovoltaics Redefining Global Infrastructure
MUNICH, June 11, 2025 - (ACN Newswire via SeaPRwire.com) - A global energy transition is no longer optional-it's a necessity. But behind the scenes of solar and wind, another technology is entering industrial reality with far greater implications. Neutrinovoltaic technology, developed by the Neutrino® Energy Group, is not a distant concept. It's an operational platform for decentralized, 24/7 energy generation that is now expanding into mobility, aerospace, marine systems, and even high-security communications.Neutrinovoltaic Energy: Quiet, Infinite, Everywhere. Neutrinovoltaic technology converts the kinetic energy of neutrinos and other non-visible radiation into electricity. These omnipresent particles trigger atomic vibrations in a nanomaterial composed of alternating layers of graphene and doped silicon. The resulting resonant frequency is transformed into direct current. Far from ambient energy scavenging, this is a controlled, scalable generation method already powering advanced applications.Power Without Fuel: The Neutrino Power CubeThe Neutrino Power Cube is a compact, modular, and emission-free energy system delivering 5 to 6 kilowatts of continuous power. Weighing just 50 kilograms, it operates silently and autonomously, independent of weather or location. With no fuel, no combustion, and no grid connection required, the Cube holds the potential to decentralize energy infrastructure and become a cornerstone of clean, off-grid power generation worldwide.Autonomous Mobility: The Pi CarThe Pi Car applies neutrinovoltaic integration to electric vehicles. Instead of relying on traditional charging infrastructure, the Pi Car generates power continuously by embedding neutrinovoltaic materials into structural components like the body panels and roof. After an hour in ambient conditions, the vehicle can achieve up to 100 kilometers of additional range. Collaborators include Simplior Technologies for AI-based energy optimization, C-MET Pune for materials development, and SPEL Technologies for battery integration. The concept also supports retrofitting existing EV platforms to enhance range and energy independence.Flight Beyond Limits: Pi FlyPi Fly is Neutrino® Energy Group's aeronautics program, developing UAVs powered by onboard neutrinovoltaic systems and supercapacitor storage. Current prototypes include multirotor and flying wing models. The next phase targets autonomous VTOL aircraft for cargo delivery. Supporting this effort are mobile hydrogen refueling units, also powered by neutrinovoltaics, enabling off-grid aviation infrastructure.Maritime Transformation: Nautic PiNautic Pi brings this energy platform to the sea. Neutrinovoltaic-powered marine vessels are under conceptual development, allowing autonomous navigation without onboard fuel or external charging. The system is particularly suited for long-duration missions, remote operations, and submersible platforms.Communication Breakthrough: Project 12742Finally, Project 12742 explores neutrino-based data transmission. Unlike radio signals, neutrinos pass through dense materials with minimal interference. This allows for real-time, secure global communication even through rock, oceans, or planetary bodies-an enormous leap for high-security and interplanetary data systems.As governments and industries seek viable decarbonization paths, the Neutrino® Energy Group is no longer just proposing solutions-it's deploying them. With a multidisciplinary team of hundreds of researchers, engineers, and scientists from over 40 countries, strategic alliances, and a growing portfolio of high-impact applications, neutrinovoltaic technology isn't coming-it's already here. And it's conquering the world.Neutrino Energy GroupNeutrino Scientific BoardHolger Thorsten Schubart - CEOWebsite: www.neutrino-energy.comContact InformationHolger Thorsten SchubartCEO and member of the Scientific Advisory Boardoffice@neutrino-energy.com+493020924013Related Videohttps://www.youtube.com/watch?v=LiswrRR8H2QSOURCE: Neutrino Energy Group Copyright 2025 ACN Newswire via SeaPRwire.com.
HKTDC Design Gallery x STICKYLINE present: “Love HK” Exhibition
HONG KONG, Jun 11, 2025 - (ACN Newswire via SeaPRwire.com) - The Hong Kong Trade Development Council (HKTDC) Design Gallery continues to champion original Hong Kong designs. The annual “Love HK” exhibition returns from 11 June to 6 July, in partnership with STICKYLINE, a prominent creative team in Hong Kong, and will debut their latest artwork, “The Carved Duo”, at the Design Gallery Wan Chai shop, featuring large-scale artistic paper sculptures that capture the essence of a traditional dragon and phoenix grand hall.Carved dragon and phoenix statues were iconic decorations in Hong Kong’s banquet halls during the 1970s. STICKYLINE reimagines these symbols through contemporary geometric paper sculptures, incorporating pixel-like grid patterns into the Design Gallery’s window. This artwork retains the auspicious meanings of the dragon and phoenix while refining their forms, exploring how cultural heritage can evolve within modern contexts.STICKYLINE’s co-founder Mic Leong said, “We are thrilled to collaborate with the HKTDC Design Gallery on the ‘Love HK’ exhibition. In line with the theme, we have created paper sculptures inspired by the traditional dragon and phoenix grand halls found in old restaurants which were used to symbolise the city’s economic boom and opulence. Although modern restaurants have phased out such designs, these motifs are resurfacing in unexpected ways, such as tattoo art, wedding backdrops, and avant-garde photography, reflecting younger generations’ reinterpretation of tradition. Through this piece, we aim to revive the collective memories of old-school restaurants and showcase Hong Kong's unique charm.”In addition to the dragon and phoenix installation, the main entrance of the Design Gallery features a playful paper sculpture of the word “HEY”. Soilworm Lai, Co-Founder, STICKYLINE, explained, “‘HEY’ is a phonetic nod to the word ' (double happiness)’. We aspire to merge modern elements with the traditional dragon and phoenix theme, offering a friendly greeting to visitors.”Curated selection of Hong Kong-themed productsDuring the exhibition, the Design Gallery will feature a curated selection of Hong Kong-themed products, including AMAZING STUDIO Neon Light Hong Kong Metal Badge Pin, CAMEL Modern Hong Kong Culture Glass Vacuum Flask, IRON WORKSHOP Hong Kong Silk Scarf Map, and PLAYFUL SOCKS Dragon Phoenix Happiness Socks.Share on social media for shopping discountVisitors can enjoy an additional 10% discount on purchases during the exhibition by taking photos of the exhibits and sharing these on social media, tagging @HKTDC Design Gallery.Design Gallery Love HK x STICKYLINE – “The Carved Duo” ExhibitionDate11 June – 6 July 2025VenueHKTDC Design GalleryG/F, Hong Kong Convention & Exhibition Centre, 1 Harbour Road, Wan Chai, Hong KongOpening hoursMonday – Sunday & Public Holidays: 10:30am – 7:30pmEnquiries2584 4146 / 2584 4149Websitehttps://hkdesigngallery.hktdc.com/Social MediaFacebook: www.facebook.com/HKTDC.DesignGalleryInstagram: www.instagram.com/hktdc_designgalleryPhoto download: https://bit.ly/4dXb9fzThe HKTDC Design Gallery annual “Love HK” exhibition returns from 11 June to 6 July, in partnership with STICKYLINE, a prominent creative team in Hong Kong, to debut their latest artwork, “The Carved Duo”, at the Design Gallery Wan Chai shop, featuring large-scale artistic paper sculptures that capture the essence of traditional dragon and phoenix grand hallSTICKYLINE, founded in Hong Kong by creative designers Mic Leong (left) and Soilworm Lai (right), creates unique, large-scale polyhedral sculptures that showcase the complexity of creative engineering, mathematics and geometric structuresCurated selection of Hong Kong-themed productsAMAZING STUDIONeon Light Hong Kong Metal Badge PinPrice: HK$78CAMELModern Hong Kong Culture Glass Vacuum FlaskPrice: HK$439IRON WORKSHOPHong Kong Silk Scarf MapPrice: HK$370KONSEPTRemote Control Block Hong Kong TramPrice: HK$799PLAYFUL SOCKSDragon Phoenix Happiness SocksPrice: HK$99YI-MINGPOLA Hong Kong Print Chinese Folding FanPrice: HK$168WebsiteHKTDC Media Room: https://mediaroom.hktdc.com/enMedia enquiriesPlease contact the HKTDC’s Communications & Public Affairs Department:Serena CheungAgnes WatTel: (852) 2584 4272Tel: (852) 2584 4554Email: serena.hm.cheung@hktdc.orgEmail: agnes.ky.wat@hktdc.orgAbout STICKYLINESTICKYLINE, founded in Hong Kong in 2011 by creative designers Mic Leong and Soilworm Lai, creates unique, large-scale polyhedral sculptures that showcase the complexity of creative engineering, mathematics and geometric structures. They transform two-dimensional planes into three-dimensional forms through a process of deconstruction and reconstruction. They have collaborated with international brands including Hermès, Ralph Lauren, and Mercedes-Benz.Discover more at: https://www.stickyline.hkAbout HKTDC Design GalleryEstablished in 1991, the Hong Kong Trade Development Council’s Design Gallery (DG) promotes Hong Kong’s creativity innovation in design. With two physical outlets in Hong Kong and Taobao and JD International online stores, DG helps Hong Kong brands connect and collaborate with buyers to grow and expand in Mainland China and beyond. The DG online shop also provides suppliers with local online sales channels. DG’s entry into the ASEAN market enables Hong Kong brands to connect with overseas consumers and buyers.Discover more at: https://hkdesigngallery.hktdc.com/About HKTDCThe Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With over 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. Copyright 2025 ACN Newswire via SeaPRwire.com.
Blockpass partners with CryptoSwift to deliver global Travel Rule Compliance
HONG KONG, June 11, 2025 - (ACN Newswire via SeaPRwire.com) - Identity verification and regulatory compliance provider Blockpass is excited to announce a new partnership as it begins working with CryptoSwift OÜ, the Travel Rule compliance service, to enhance and simplify the process of meeting regulatory standards around the world. This endeavor will see CryptoSwift’s Travel Rule compliance measures added to Blockpass’ suite of regulatory solutions, enabling one-stop access to comprehensive compliance.Blockpass, the Safe Network for Crypto™, has pioneered reusable identities and crypto-native KYC/AML solutions. Its turnkey suite of compliance tools is designed to lower onboarding costs, automate remediation, prove humanity and protect against malicious actors, fraudulent activities, bots, and AI. Businesses can set up services quickly, test them for free, and start verifying users. With around one million verified identity profiles, Blockpass facilitates instant onboarding, and to date over a thousand businesses have taken advantage of this opportunity to benefit from Blockpass’ compliant network.Estonian-based CryptoSwift has been working to further crypto compliance since 2022, enabling companies to meet Travel Rule requirements whilst continuing to innovate. The solution focuses on simplicity, security, and efficiency with an easy-to-integrate API. CryptoSwift facilitates the secure transmission of required data between Virtual Asset Service Providers (VASPs) by automating compliance, providing real-time transaction monitoring whilst meeting both FATF guidelines and MiCA regulations, ensuring compliant transfers of digital assets."The Travel Rule is rapidly becoming an essential part of the compliance landscape as more and more countries around the world implement the FATF’s recommendations to secure the crypto space.” said Blockpass CEO Adam Vaziri. “We’re delighted to be working with CryptoSwift towards our mutual goals of facilitating compliance for those innovating or working in crypto.”“Partnering with Blockpass is a natural step forward in our mission to make regulatory compliance seamless for the crypto industry," said Indrek Ulst, Founder and CEO of CryptoSwift. “Blockpass shares our vision of reducing friction without compromising security or compliance. By combining our Travel Rule infrastructure with their leading KYC and AML solutions, we’re enabling crypto businesses to meet global regulatory standards with greater speed, confidence, and simplicity.”With this new partnership, Blockpass brings CryptoSwift’s services to its entire userbase and enables those seeking to comply with the vital Travel Rule recommendations. Through bringing all a company’s compliance needs to one place, Blockpass and CryptoSwift continue to work tirelessly to take the burden of regulatory compliance off the innovators in the crypto space whilst keeping them safe and secured against threats.To further support the Web3 industry, Blockpass has developed the Crypto Travel Rule Hub providing a comprehensive knowledge base, detailed country-specific regulatory insights, and a VASP-to-VASP network to help businesses navigate global compliance.About BlockpassEmbrace seamless compliance with Blockpass, the ultimate turnkey solution for KYC, KYB, and AML. Built by compliance veterans and crypto-natives, our cost-effective suite lets you automate processes, eradicate fraud, and onboard globally with confidence. Instantly activate compliant KYC/AML for DeFi, exchanges, token launchpads, and more. Leverage the Advanced KYC Bot™ for intelligent remediation, On-Chain KYC® for data-free anonymity, and Unhosted Wallet KYC™ to meet Crypto Travel Rule regulations. Navigate evolving standards with our dedicated Travel Rule Hub, a resource for global crypto compliance. Expand your reach effortlessly through our network of one million pre-verified users and three thousand businesses. Join industry leaders like Animoca Brands, Cardano, Polygon, and most crypto launchpads who all partner with Blockpass for trusted compliance and accelerated growth. Join the cutting edge of secure, streamlined onboardings.Learn more and engage the Blockpass team:Website: http://www.blockpass.orgTravel Rule Hub: https://www.blockpass.org/crypto-travel-hub/Email: sales@blockpass.orgAbout CryptoSwiftCryptoSwift is a compliance technology company delivering Travel Rule solutions for the crypto industry. Founded in 2022, CryptoSwift helps virtual asset service providers (VASPs), crypto asset service providers (CASPs), exchanges, and financial institutions meet evolving regulatory requirements such as FATF, MiCA, and TFR standards through a powerful, API-first platform designed for simplicity, security, and scalability. Backed by open-source protocols and led by fintech experts, CryptoSwift ensures compliant crypto transfers without borders or hassle.Whether you’re running an exchange or bridging crypto transfers across various blockchain technologies, CryptoSwift supports your growth with compliance you can trust.Join the CryptoSwift network to enable scalable crypto transactions and stay compliant.Learn more and connect with the CrypoSwift team:Website: https://cryptoswift.eu/Email: sales@cryptoswift.eu Copyright 2025 ACN Newswire via SeaPRwire.com.
New HKTDC Chairman Frederick Ma keen to promote Hong Kong as best partner for global enterprises
HONG KONG, Jun 9, 2025 - (ACN Newswire via SeaPRwire.com) - The Hong Kong Trade Development Council (HKTDC)’s new Chairman Prof Frederick Ma met with media today, outlining the HKTDC’s strategic direction to help Hong Kong enterprises navigate global challenges and seize new opportunities.Prof Ma said: “The international trade landscape is turbulent, and enterprises urgently need to reassess their development strategies. As both a springboard for the country and an international hub, Hong Kong possesses the unique advantages of internal and external connectivity and is poised to play a pivotal role in the new trade landscape.”He pointed out that HKTDC will help Hong Kong businesses connect globally and turn challenges into opportunities. Through three strategic directions —1) reinforcing Hong Kong’s role as a superconnector and super value-adder to highlight its international status and deepen ties with global markets, 2) building a multinational supply chain management centre, and 3) promote trade digitalisation to position Hong Kong as the best partner for global enterprises, helping SMEs to stand out in an ever-changing world.The HKTDC will leverage its network of 51 offices globally and 49 Hong Kong business associations to support enterprises in exploring new markets and enhancing competitiveness. Prof Ma said: “Hong Kong has always been a city of opportunities. The HKTDC will stand side by side with Hong Kong businesses, seizing opportunities in an ever-changing world, integrating Hong Kong into national development and telling the good stories of Hong Kong and Mainland China.”Five directions to forge a new chapter for Hong Kong1.Advancing our strengths in internal and external connectivity and leveraging our global network, enhancing overseas visits and flagship promotions: Reviewing the HKTDC’s global network of 51 offices to reinforce our work in key markets and enhance Hong Kong’s international competitiveness. The HKTDC will continue organising more trade missions to tell the good stories of Hong Kong and Mainland China. A prime example is our flagship campaign Think Business, Think Hong Kong, which will be held in Milan, Italy in November.2.Optimising existing flagship events: By incorporating industry collaboration elements into the annual Asian Financial Forum (AFF), we will transform it into AFF Plus to facilitate connections between finance and the real economy, driving innovation, regional integration and sustainable development. For trade fairs, we will strengthen content related to global trends, including elements of robotics and higher education. Additionally, we will host new events targeting key markets, like the Middle East, inviting mainland enterprises to participate, to promote trade and investment cooperation between Hong Kong and countries in the Middle East region.3.Building an international supply chain management centre: In response to the trend of mainland industrial chains extending overseas, the HKTDC will actively position Hong Kong as a supply chain command centre to support mainland firms in going global.4.Driving the innovation engine and promoting trade digitalisation: The HKTDC will enhance existing support services, focusing on core elements of trade digitalisation to help SMEs leverage technologies - such as IOT, AI, blockchain and big data – to boost efficiency. In the long term, the HKTDC aims to position Hong Kong as a value chain centre, utilising technology, data analytics and collaborative networks to refine value chains for global enterprises, creating added value and addressing market changes and uncertainties.5.Explore long term demand for the convention and exhibition industry: The HKTDC will support the Hong Kong SAR Government in reviewing the needs of the convention and exhibition sector in the long term.Photo download: https://bit.ly/440xPHs HKTDC Chairman Prof Frederick Ma and Executive Director Margaret Fong met with media today to introduce the latest strategies for HKTDC to support SMEs and help them tackle business challengesHKTDC Chairman, Professor Frederick MaThink Business, Think Hong Kong Paris organised by the HKTDC was successfully held in Paris, France in 2023, attracting more than 1,300 participants. The event will be held in Milan, Italy this NovemberThe annual Asian innovation and technology event, InnoEX presents a range of low-altitude economy solutions, such as drones and aerial vehicles, to drive innovative developmentThe HKTDC hosts numerous major exhibitions and conferences in Hong Kong annually to foster trade collaboration. Pictured is this year’s Hong Kong International Jewellery Show held at the Hong Kong Convention and Exhibition CentreThe HKTDC has organised a delegation of Hong Kong enterprises to participate in the China International Import Expo for seven consecutive years. Last November, it led 52 Hong Kong companies to exhibit at the Hong Kong Product Pavilion and Hong Kong Service Pavilion. Moving forward, the HKTDC will continue to promote Hong Kong’s high-quality products and professional services to the mainland and international business communities.Media enquiriesPlease contact the HKTDC’s Communications & Public Affairs Department:Serena CheungTel: (852) 2584 4272Email: serena.hm.cheung@hktdc.orgSunny NgTel: (852) 2584 4357Email: sunny.sl.ng@hktdc.orgAgnes WatTel: (852) 2584 4554Email: agnes.ky.wat@hktdc.orgAbout HKTDCThe Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With over 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Copyright 2025 ACN Newswire via SeaPRwire.com.
U.S. Polo Assn. Returns as Official Apparel and Jersey Partner for Chestertons Polo in the Park in Downtown London
West Palm Beach, FL, June 10, 2025 - (ACN Newswire via SeaPRwire.com) - U.S. Polo Assn., the official brand of the United States Polo Association (USPA), proudly served once again as the Official Apparel and Jersey Partner for Chestertons Polo in the Park, one of the world's largest and most iconic polo lifestyle festivals. Held June 6-8, 2025, at the historic Hurlingham Park in the heart of London, this year's edition welcomed over 30,000 attendees across three thrilling days of international polo, sport-inspired fashion, and family-friendly entertainment.U.S. Polo Assn. at Chestertons Polo in the ParkTeam Riyadh and Tournament MVP Cesar Crespo and Arkham Team Punta Cana’s Tommy Severn Battling for the Ball at Chestertons Polo in the Park Wearing the Iconic Double Horsement Logo From Apparel and Jersey Sponsor U.S. Polo Assn.As the Official Apparel and Jersey Partner, U.S. Polo Assn. outfitted all participating teams of the weekend, as well as staff uniforms. The brand also hosted an immersive on-site experience for event attendees, featuring a vibrant U.S. Polo Assn. merchandise tent showcasing official co-branded event apparel, a polo-inspired photo wall, and interactive brand models, along with contests and cap giveaways.Now in its 15th year, Chestertons Polo in the Park is the only polo event played in central London and continues to grow in prestige and popularity as Europe's largest three-day polo and lifestyle event with action-packed polo games, food festivals, luxury shopping, entertainment, and more. The highly anticipated weekend kicked off with International Day on Friday, as England faced Argentina, alongside six world-class polo teams representing different global cities, followed by Saturday's Ladies Day, and the culminating event on Sunday with Finals and Family Day, drawing crowds of polo enthusiasts from the U.K. and across the globe. Team Riyadh won the weekend's tournament against Akrham Team Punta Cana with a score of 10-5, and Cesar Crespo from Team Riyadh was awarded Tournament MVP."Chestertons Polo in the Park is a one-of-a-kind event that brings together the spirit of polo, our U.S. Polo Assn. brand, and the energy of London in a fun, stylish, and accessible way," said J. Michael Prince, President and CEO of USPA Global, the company that manages and markets the U.S. Polo Assn. brand. "Our sponsorship reinforces the authentic connection between our brand and the sport of polo while helping us further engage U.K. consumers in one of our most important and fastest-growing markets."The global, multi-billion-dollar U.S. Polo Assn. brand continues to expand across the United Kingdom with store openings at McArthurGlen's East Midlands and Cheshire Oaks and additional brick-and-mortar locations planned in the coming years. U.K. consumers can also explore the brand's latest sport-inspired styles for men, women, and children at www.uspoloassn.co.uk."As the strategic partner of U.S. Polo Assn. in the U.K., Chestertons Polo in the Park is an ideal platform to showcase our sport-inspired brand's connection to historic English polo," said Boo Jalil, CEO of Brand Machine Group, U.S. Polo Assn.'s U.K. licensing partner. "This annual celebration not only builds brand visibility in a meaningful way, but also highlights the fun, fashion-forward, and approachable spirit of U.S. Polo Assn."Set against the backdrop of one of polo's most historic venues - Hurlingham Park, where the sport was first played in 1874, the event reflects decades of tradition, including hosting the 1908 Olympic Polo Final and multiple Westchester Cup matches between the United States and England."U.S. Polo Assn. is the perfect fit for Chestertons Polo in the Park, and we value the continued support," said Rory Heron, Managing Director of Sportgate International, the founding organizer of the event. "The brand's meaningful connection to the game and globally recognized style brings authenticity, accessibility, and innovative activations to our spectacular annual celebration of sport and lifestyle in London."Photo Captions:1. Team Riyadh and Tournament MVP Cesar Crespo and Arkham Team Punta Cana's Tommy Severn Battling for the Ball at Chestertons Polo in the Park Wearing the Iconic Double Horsement Logo From Apparel and Jersey Sponsor U.S. Polo Assn.2. U.S. Polo Assn. Merchandise Pop-Up at Chestertons Polo in the Park3. Event Attendees Posing With Models of Official Apparel Sponsor U.S. Polo Assn.4. Chestertons Polo in the Park Player Noor Khadra Signing U.S. Polo Assn. Caps, Given Out at the Spectacular Three-Day Lifestyle Event5. Beautiful Chestertons Polo in the Park Guests Posing in U.S. Polo Assn. Caps, Given Out at the Spectacular Three-Day Lifestyle EventPhoto Credit: Jen DeberignyAbout U.S. Polo Assn.U.S. Polo Assn. is the official brand of the United States Polo Association (USPA), the largest association of polo clubs and polo players in the United States, founded in 1890 and based at the USPA National Polo Center in Wellington, Florida. This year, U.S. Polo Assn. celebrates 135 years of sports inspiration alongside the USPA. With a multi-billion-dollar global footprint and worldwide distribution through more than 1,100 U.S. Polo Assn. retail stores as well as thousands of additional points of distribution, U.S. Polo Assn. offers apparel, accessories, and footwear for men, women, and children in more than 190 countries worldwide. Historic deals with ESPN in the United States and Star Sports in India now broadcast several of the premier polo championships in the world, sponsored by U.S. Polo Assn., making the thrilling sport accessible to millions of sports fans globally for the very first time.U.S. Polo Assn. has consistently been named one of the top global sports licensors in the world alongside the NFL, NBA, and MLB, according to License Global. In addition, the sport-inspired brand is being recognized internationally with awards for global and digital growth. Due to its tremendous success as a global brand, U.S. Polo Assn. has been featured in Forbes, Fortune, Modern Retail, and GQ, as well as on Yahoo Finance and Bloomberg, among many other noteworthy media sources around the world.For more information, visit uspoloassnglobal.com and follow @uspoloassn.About Brand Machine Group (BMG)BMG is an international leader in fashion innovation which has established itself as a vertical manufacturer and global licensing specialist with over four decades of industry experience. Partnering with recognized market leaders, BMG manages a seamless and collaborative process of designing, manufacturing, and delivering quality products while championing the DNA of a diverse portfolio of brands, spanning fashion, sports, outdoor, and homeware including adult fashion, kidswear, and accessories.BMG's portfolio of brands includes U.S. Polo Assn. Penfield, New Balance Kids, Duchamp, Jack Wills, Flyers American Born, Lee Kids, Peckham Rye, Wrangler Kids, Juicy Couture, Franklin & Marshall, Elle Junior and Ben Sherman. BMG reaffirms its commitment to upholding sustainable and ethical business practices by ensuring full transparency throughout its global supply chain, aligning with the ETI Base Code.Visit brandmachinegroup.com and follow @brandmachinegroup. For appointments, contact sales@brandmachinegroup.com.About Sportgate InternationalSportgate International is an international event management and sports marketing agency. Established in 2015, Sportgate International now owns events and consults with companies, luxury brands, world-class venues, tourism boards, and rights holders requiring sponsorship and event expertise. Sportgate International owns a portfolio of luxury events which encourages and enables the world's best brands, top companies, and individuals to further their corporate or personal objectives. The company also works with some of the most high-profile venues in the world, offering original content that enables networking and marketing to specific audiences.For more information, visit sportgateint.com.Contact InformationShannon StilsonVP, Sports Marketing and Mediasstilson@uspagl.com+001.561.227.6994Stacey KovalskyVP, Global PR and Communicationsskovalsky@uspagl.com+001.561.790.8036SOURCE: U.S. Polo Assn.Related ImagesU.S. Polo Assn. at Chestertons Polo in the ParkU.S. Polo Assn. Merchandise Pop-Up at Chestertons Polo in the ParkU.S. Polo Assn. at Chestertons Polo in the ParkEvent Attendees Posing With Models of Official Apparel Sponsor U.S. Polo Assn.U.S. Polo Assn. at Chestertons Polo in the ParkChestertons Polo in the Park Player Noor Khadra Signing U.S. Polo Assn. Caps, Given Out at the Spectacular Three-Day Lifestyle EventU.S. Polo Assn. at Chestertons Polo in the ParkBeautiful Chestertons Polo in the Park Guests Posing in U.S. Polo Assn. Caps, Given Out at the Spectacular Three-Day Lifestyle Event Copyright 2025 ACN Newswire via SeaPRwire.com.
UK MOD Signs Protector Support Contract with GA-ASI
SAN DIEGO, CA, June 10, 2025 - (ACN Newswire via SeaPRwire.com) - The United Kingdom's Ministry of Defence has signed a support and sustainment contract with General Atomics Aeronautical Systems, Inc. (GA-ASI) for logistics and maintenance of the Protector RG Mk1 Remotely Piloted Aircraft (RPA) system. The contract - known as the UK Protector Availability and Support Solution or UK PASS - will provide ongoing support for the new Protector RPA systems supplied by GA-ASI and now being operated by the UK's Royal Air Force (RAF). The Protector RPA is based on GA-ASI's MQ-9B SkyGuardian®.Photo: Royal Air ForceUK PASS is a Direct Commercial Sale contract and includes support for the Protector program's RPA, the Certifiable Ground Control Stations and the Synthetic Training Systems."This contract marks an essential milestone in the fielding of the Protector RPA system for the RAF," said Chris Dusseault, Vice President of MQ-9B in Europe. "With the UK PASS contract in place, we can now transition from the test and development phase of the program to training the RAF flight crews for operations."UK PASS is part of GA-ASI's SkyGuardian Global Support Solutions (SGSS), which provides support for the entire MQ-9B customer base. SGSS is a shared Contractor Logistics Support (CLS) model, with resources such as labor, material, and overhead for maintenance, supply management, and other support functions required to sustain the RPA system, pooled together for use by the entire customer base. This approach provides efficiencies and a lower cost for customers."The awarding of the PASS contract marks three years of intensive work between GA-ASI and UK MOD multidisciplinary teams to turn a concept in to a reality. This has generated a first-in class sustainment solution for the Royal Air Force Protector fleet, that exploits contractor owned inventory from a global common spares pool. This contract differs from a traditional spares and repairs contract, achieving economies of scale via a multi-customer common operating model," said Group Captain Rich Cameron - Uncrewed Air System 3 Team Leader.GA-ASI's MQ-9B is the world's most advanced RPA system, delivering exceptionally long endurance and range. MQ-9B includes the SkyGuardian and SeaGuardian® models, with multiple deliveries made to the U.K.'s Royal Air Force (Protector), as well as orders from Canada, Poland, the Japan Coast Guard, the Japan Maritime Self-Defense Force, Taiwan, India, and the U.S. Air Force in support of the Special Operations Command. MQ-9B has also supported various U.S. Navy exercises, including Northern Edge, Integrated Battle Problem, and Group Sail.About GA-ASIGeneral Atomics Aeronautical Systems, Inc., is the world's foremost builder of Unmanned Aircraft Systems (UAS). Logging more than 8 million flight hours, the Predator® line of UAS has flown for over 30 years and includes MQ-9A Reaper®, MQ-1C Gray Eagle® 25M, MQ-20 Avenger®, and MQ-9B SkyGuardian®/SeaGuardian®. The company is dedicated to providing long-endurance, multi-mission solutions that deliver persistent situational awareness and rapid strike.For more information, visit www.ga-asi.com.Avenger, EagleEye, Gray Eagle, Lynx, Predator, Reaper, SeaGuardian, and SkyGuardian are trademarks of General Atomics Aeronautical Systems, Inc., registered in the United States and/or other countries.Contact Information:GA-ASI Media Relationsasi-mediarelations@ga-asi.com(858) 524-8101SOURCE: General Atomics Aeronautical Systems, Inc. Copyright 2025 ACN Newswire via SeaPRwire.com.
Everest Medicines Presents Positive Results from Phase 1b/2a Clinical Trial of EVER001 for Primary Membranous Nephropathy at ERA 2025
HONG KONG, Jun 9, 2025 - (ACN Newswire via SeaPRwire.com) - At the 62nd European Renal Association Congress (ERA 2025), Everest Medicines unveiled new clinical data on EVER001 (previously known as XNW1011), a next-generation covalent reversible Bruton's tyrosine kinase (BTK) inhibitor, in patients with primary membranous nephropathy (pMN). This marks the first time EVER001’s clinical data have been unveiled at an international academic congress. This initial unveiling of the preliminary data at an international congress focuses on pMN. The results showed encouraging signals in terms of novel mechanism, preliminary efficacy, and safety. These findings provide a solid foundation for future therapeutic strategies in proteinuric autoimmune glomerular diseases including pMN and demonstrate Everest’s advancing innovation capabilities and global development momentum.EVER001 is a covalent reversible BTK inhibitor with potentially best-in-class characteristics for the treatment of primary membranous nephropathy (pMN) and other autoimmune renal diseases, including IgA nephropathy (IgAN), minimal change disease (MCD), focal segmental glomerulosclerosis (FSGS), and lupus nephritis (LN). These conditions affect over 10 million patients worldwide. There are approximately 2 million pMN patients in China alone and nearly 220,000 across the United States, Europe, and Japan. There are currently no approved therapies globally, and existing treatments rely heavily on non-specific immunosuppressants, which have limited efficacy and safety concerns, highlighting the urgent need for novel mechanism-based therapies.Everest Medicines holds global rights to EVER001 for the treatment of renal diseases. As a covalent reversible BTK inhibitor, EVER001 combines high target-binding affinity with enhanced selectivity, helping to reduce off-target toxicity seen in earlier-generation BTK inhibitors. Its favorable safety and efficacy profile supports its potential to become a new standard of care across proteinuric glomerular diseases.At ERA 2025, preliminary data from the ongoing Phase 1b/2a trial showed that EVER001 was well tolerated and demonstrated promising efficacy in patients with primary membranous nephropathy (pMN). The study enrolled 31 biopsy-confirmed pMN patients who were positive for anti-PLA2R autoantibodies and received either low or high doses of EVER001 over a 36-week treatment period, with extended follow-up for someparticipants. By week 12, anti-PLA2R autoantibody levels dropped by 62.1% in the low-dose group and 87.3% in the high-dose group. Both cohorts saw reductions of approximately 93% by week 24, with 76.9% and 81.8% of patients, respectively, achieving immunologic complete remission. For 24-hour proteinuria, the low-dose group achieved a 78.0% reduction at week 36, sustained through week 52, with 69.2% reaching clinical remission. In the high-dose group, proteinuria declined by 70.1% at week 24, with 80.0% of patients achieving clinical remission.EVER001 was generally well tolerated. No clinically significant adverse events commonly associated with covalent irreversible BTK inhibitors—such as bleeding, arrhythmia, severe infections, or liver dysfunction—were observed. Most treatment-related adverse events were mild to moderate (Grade 1–2), further supporting its long-term therapeutic potential.EVER001 is expected to generate strong portfolio synergies with Everest’s commercial-stage product, NEFECON®, the first and only fully approved etiological treatment for IgAN in China, the U.S., and Europe. NEFECON® was added to China’s National Reimbursement Drug List (NRDL) in November 2024, and has been included in the KDIGO 2024 Clinical Practice Guideline For The Management Of Immunoglobulin A Nephropathy (IgAN) And Immunoglobulin A Vasculitis (IgAV) (public review draft), making it the only targeted therapy endorsed by both international and Chinese guidelines, establishing its position as a first-line therapy. To further enhance its IgAN strategy, Everest is also developing a diagnostic test for Gd-IgA1, enabling earlier detection, more accurate disease stratification, and treatment monitoring.By integrating diagnostics and therapeutics into a unified care model, Everest is leading the transition from supportive care to precision, disease-modifying treatment for immune-mediated kidney diseases such as IgAN. This holistic strategy aims to improve disease detection and management standards and establish a comprehensive, long-term renal care platform.With EVER001 and NEFECON® advancing in parallel, Everest is driving innovation in nephrology with the goal of setting new global treatment standards. The presentation of EVER001 at ERA 2025 marks a pivotal milestone in its clinical development and demonstrates the international visibility of China-originated innovations. Everest continues to pave the way for globally competitive novel therapies to reach patients around the world. Copyright 2025 ACN Newswire via SeaPRwire.com.
Champion REIT Presents ‘Lupus Reimagined’ Art Exhibition, Connecting Community Through Art
HONG KONG, Jun 6, 2025 - (ACN Newswire via SeaPRwire.com) - Champion Real Estate Investment Trust (the “Trust”) (Stock Code: 2778), owner of Three Garden Road and Langham Place, has partnered with “My Lupus Diary” (MLD), the first multimedia lupus awareness organisation in Hong Kong, and Eaton Club, a premium coworking space providing venue support, to present “Lupus Reimagined” Art Exhibition at its properties. The exhibition features the original artworks of lupus patients, expressing their journey in facing physical and emotional challenges via the universal language of art. This initiative aims to enhance public awareness and understanding of health, diversity and inclusion. The exhibition features diverse artistic expressions including photographs, paintings, headdresses, and installation art pieces for public viewing. A highlight piece is a warrior armour made from two months' worth of medication taken by one of the patients, symbolising how lupus patients, despite requiring long-term medication, remain strong warriors in their battle against the disease.Champion REIT has long upheld the principles of physical, mental and spiritual health and sustainability, fostering long-term partnerships with the community hoping to harness the synergies from cross-sector collaboration to create a shared social environment. As the principal sponsor of the exhibition, the Trust not only provides a creative platform for patients to express themselves, but also helps enhance public awareness and care for those suffering from rare diseases, as well as fulfilling its corporate responsibility to promote social inclusion.The “Lupus Reimagined” Art Exhibition features the artistic creations of nine lupus warriors, who showcase their emotional transformation, struggles, and growth through various artistic approaches. A highlight of the exhibition is an art photography series co-created by MLD and four well-known Hong Kong models - Janet Ma, Angie N, Ana R and Amanda S. The models wear headdresses created by the lupus patient, symbolising strength and transformation, visually representing the inner resilience of those living with lupus and inspiring society to reframe how it perceives patients’ unique experiences and the value of life.Ms Sapphire Shen, MLD founder, said, “Our three founders are all lupus patients. We hope to use art as a bridge to break down social stigma and misunderstanding, so that society can truly understand the challenges patients face and the courage they afford, thereby helping build a more empathetic and inclusive society.”Earlier on May 10 – World Lupus Day, a series of educational talks on the latest lupus treatments and awareness-raising events were hosted at Eaton Club, Three Garden Road. Building on this successful launch, the art exhibition was officially unveiled to the public at Three Garden Road in May and has been moved to the Langham Place Office Tower in June. A special sharing session will be held on 8 June, where founder Ms Sapphire Shen and the participating models will engage with visitors and patients to share their experiences and stories. In recent years, the Langham Place Office Tower has actively promoted the “6 Dimensions Wellness” concept, a new ecosystem with physical, emotional, intellectual, social, spiritual and financial wellness as its core, providing tenants with a comprehensive physical, mental and spiritual health support platform. Langham Place also launched the “6D Wellness” YouTube channel (www.youtube.com/@6dwellnesslp) in line with that strategy, inviting professionals and guests to share practical health information every week, injecting positive social value into the community.Ms Christina Hau, Chief Executive Officer of Champion REIT, said, “We firmly believe that sustainable business development is inseparable from close community engagement and mutual growth. Thus, the Trust has always prioritised physical, mental and spiritual health, and sustainable development as its core strategies, and has been active in building long-term partnership with the community to promote inclusion and social collaboration. As the venue sponsor of this art exhibition, we hope to offer a platform for different groups to express themselves and gain understanding, allowing more diverse voices to be heard. We will continue to give back to society with concrete actions and contribute to building a more inclusive, harmonious and healthy social environment.”In recent years, the Trust has actively collaborated with various social organisations to create shared value and achieve mutual success for all parties. It held the first “ESG Week” in 2024, partnering with stakeholders to host activities on climate resilience, social innovation and sustainable living. It has also teamed up with the Fullness Social Enterprises Society to invite local social enterprises showcase innovative solutions addressing social issues, and promote social inclusion, cultural diversity, and cross-sector collaboration. To reinforce its ESG commitment, the Trust will hold its annual flagship event “ESG Gala” in late July this year, featuring a broader range of activities co-created with partners to uphold the core values of physical, mental and spiritual health, while amplifying the voices of diversity and inclusion across the society."Lupus Reimagined" 2025 World Lupus Day Art ExhibitionPublic ExhibitionVenue: Lobby, 5th Floor, Langham Place Office Tower, 8 Argyle Street, Mong Kok, KowloonDate: 2 June - 30 June 2025Time: 09:00 - 20:00 (Monday to Sunday)Public Sharing SessionVenue: Lobby, 5th Floor, Langham Place Office Tower, 8 Argyle Street, Mong Kok, KowloonDate: 8 June 2025Time: 12:30 - 17:30 (Sunday)Photo caption:Connecting the community through art, Champion REIT organised the “Lupus Reimagined” Art Exhibition at Langham Place Office Tower, featuring the original artwork of lupus patients.The “Lupus Reimagined” Art Exhibition features the artistic creations of nine lupus warriors, who showcase their emotional transformation, struggles, and growth through various artistic approaches. The installation art piece, crafted from two months' worth of a patient's medication – around 720 pills in total, tells the story of every lupus warrior's battle against the disease. Artist Ms Christy Cheung poses with her artwork.Founder of My Lupus Diary, Ms Sapphire Shen discusses the exhibition's artistic vision and inclusive message.CreditsPresented by My Lupus Diary @mylupusdiaryProducer & Creative Director: Sapphire Shen @shensapphireArt Director & Photographer: Kim Lo @lamma @klw_hkMakeup Artist: Kae Li @kae.liiiHair Stylist: Brian Lee @brianlee_hmuaSpecial Thanks: Aarya Kalathiya, Crystal. SAbout Champion REIT (2778)Champion Real Estate Investment Trust is a trust formed to own and invest in income-producing office and retail properties. The Trust focuses on Grade-A commercial properties in prime locations. It currently offers investors direct exposure to nearly 3 million sq. ft. of prime office and retail area. These include two Hong Kong landmark properties, Three Garden Road and Langham Place, as well as a joint venture stake in 66 Shoe Lane in Central London. The Trust has been awarded the top five-star rating by GRESB since 2023.Website: www.championreit.comAbout My Lupus DiaryMy Lupus Diary Limited (MLD) was co-founded by three lupus patients in 2017 as an online patient support platform. We share and exchange information, tell our stories, organise activities, build a lupus community and raise awareness of the illness. As a non-profit organisation now, we are committed to improving the quality of life of the lupus community through empowerment, education and advocacy.Media Enquiries:Strategic Financial Relations LimitedVicky LeeTel: 2864 4834Email: vicky.lee@sprg.com.hkCynthia NgTel: 2114 4952Email: cynthia.ng@sprg.com.hkSophia LeiTel: 2864 4873Email: sophia.lei@sprg.com.hkWebsite: www.sprg.com.hk Copyright 2025 ACN Newswire via SeaPRwire.com.
Naoris Protocol Expands into the Nordics with Strategic Consulting Hub in Oslo
New Oslo Office to Drive National Cyber Resilience, and Private and Public Sector Transformation Across Norway, Sweden, Denmark, Finland, and IcelandPORTO, Portugal, June 5, 2025 - (ACN Newswire via SeaPRwire.com) - Naoris Protocol, the global leader in decentralized trust infrastructure and post-quantum cybersecurity, proudly announces the opening of its Nordic Regional Command Center in Oslo, Norway. This new office marks a major milestone in the company’s strategic global expansion, serving as a central hub for government partnerships, digital sovereignty solutions, and the distribution of critical defense-grade technologies across the Nordic region, covering Norway, Sweden, Denmark, Finland, and Iceland.This Nordic expansion is spearheaded by Major General (ret.) Inge Kampenes, former Chief of the Norwegian Armed Forces Cyber Defence and a decorated fighter pilot with deep expertise in defense strategy and cyber warfare. Kampenes brings decades of strategic military leadership to Naoris Consulting, the global consulting arm of Naoris Protocol, and will guide its engagement with Nordic governments, critical infrastructure, and public institutions.General Kampenes is putting together a team of highly qualified partners and investors. His team will include Knut Grandhagen, former head of communications at the Norwegian Armed Forces Cyber Defence who is also the son of Kjell Grandhagen – an early backer of Naoris Protocol, 3-star General and former NATO Chairman of the Intelligence Committee. Grandhagen, a long-time believer in the Naoris vision, will head strategic communications efforts and support business strategy across the region.“Naoris offers the kind of security innovation our region needs—sovereign, resilient, and future-ready, ” said General Inge Kampenes.Knut Grandhagen, added: “We are building the Nordic epicenter of digital trust and cyber defense. My father believed in the revolutionary vision at the heart of Naoris since the early stages and helped shape it to what it is today. I will, in turn participate, in its success,“The technology now being fielded by Naoris has the ability to boost national resilience and security at every level.”The Oslo office operates under Naoris Consulting, the strategic arm of Naoris Group tasked with:Distribution and deployment of Naoris Protocol technologies across public and private sectors;Government contracting, compliance, and ecosystem partnerships;Strategic education and engagement to promote decentralized cybersecurity, digital sovereignty, and post-quantum preparedness;Supporting national transformation projects in sectors including defense, telecom, energy, and finance.“The Oslo expansion is not just geographic—it’s geopolitical,” said David Carvalho, CEO of Naoris Protocol. “With Mr. Kampenes leading this charge, Naoris is positioning itself as the trusted sovereignty layer for a more resilient Nordic digital future.”This move aligns with Europe’s growing commitment to digital sovereignty, reinforced resilience against foreign threats, and a secure post-quantum digital landscape. With trusted Nordic leadership at the helm, the Oslo center will serve as the main regional liaison for governments and institutions in Norway, Sweden, Denmark, Finland, and Iceland, embedding sovereign-grade cybersecurity across the region.Naoris Consulting Oslo is already engaging with select ministries and public sector entities across the Nordics, with further partnerships and deployments expected throughout 2025. The Group’s mission is to embed trust, transparency, and resilience into the digital fabric of the Nordic region—starting now.About Naoris ProtocolNaoris Protocol is the world’s first Decentralized Post-Quantum Infrastructure, built to secure both Web3 and Web2 against traditional and quantum threats. Operating beneath blockchain layers 0 to 3 as a Sub-Zero Layer, it integrates with existing EVM chains, nodes, bridges, dApps, enterprise systems, and IoT devices without requiring hard forks.Naoris Protocol combines Post-Quantum Cryptography, dPoSec Consensus, and Decentralized Swarm AI to create a self-healing security mesh that eliminates single points of failure. Since launching in January 2025, it has processed over 64 million transactions and mitigated 341 million threats. Powered by the $NAORIS token, it is the fastest-growing trust and security layer for a quantum-resilient internet.To learn more about Naoris Protocol, visit https://www.naorisprotocol.com/ Press contact:Guy Daviesguy@naoris.comAnna Fedorovaanna@babslabs.io Copyright 2025 ACN Newswire via SeaPRwire.com.
Latest Firewall Vulnerability Reinforces Need for Post-Breach Privileged Access Controls – TACACS.net Offers a Critical Layer
SAN JOSE, CA, June 6, 2025 - (ACN Newswire via SeaPRwire.com) -?A recently disclosed exploit targeting perimeter firewalls from a leading cybersecurity vendor has once again underscored a critical reality: even the strongest perimeter defenses are not impenetrable. As cyberattacks grow more sophisticated, organizations must shift their focus beyond breach prevention - toward containment, internal access control, and real-time response.TACACS.net, the most advanced enterprise implementation of TACACS+, empowers organizations with precision control over administrative access. With over a decade of proven performance in mission-critical environments, TACACS.net enforces granular, role-based command policies and provides deep session auditing to contain threats post-breach. Whether deployed on-premises, in virtualized environments, or in the cloud,?TACACS.net?offers unmatched deployment flexibility and industry-leading logging capabilities.To further strengthen post-compromise resilience,?TACACS.net?sends detailed logs of every privileged action to SIEM and IDS platforms, enabling centralized visibility, anomaly detection, and automated response workflows.This recent firewall exploit serves as a wake-up call for organizations operating in compliance-sensitive environments, including healthcare, defense, finance, and government. By aligning with NIST Zero Trust Architecture, DoD CIO directives, HIPAA HITECH, and PCI DSS requirements, TACACS.net enables enterprises to minimize breach impact, enforce access accountability, and improve audit readiness.About TACACS.netTACACS.net is a global leader in TACACS+ authentication software for Windows-based environments. Trusted by federal agencies, global enterprises, and mission-critical infrastructure providers, TACACS.net enables robust internal access controls that prevent privilege abuse, accelerate investigations, and simplify compliance - without adding friction to operations.To learn more information, visit?www.tacacs.net?or contact?www.tacacs.net/lp?for a customized quote.Contact InformationName:?Joe FernandezPhone:?(408) 763-0345Email: joe@tacacs.netSOURCE:?TACACS.net Copyright 2025 ACN Newswire via SeaPRwire.com.
The Generation Essentials Group and Black Spade Acquisition II Co Complete Business Combination
The Generation Essentials Group’s Class A Ordinary Shares and Warrants to Begin Trading on the New York Stock Exchange and NYSE American on June 5, 2025, under Ticker Symbols “TGE” and “TGE WS”, Respectively.HONG KONG, Jun 5, 2025 - (ACN Newswire via SeaPRwire.com) – Jun 4, The Generation Essentials Group (“TGE”), an entity jointly established by AMTD Group, AMTD IDEA Group (NYSE: AMTD; SGX: HKB) and AMTD Digital Inc. (NYSE: HKD), and Black Spade Acquisition II Co (NASDAQ: BSII) (“Black Spade II”) are pleased to confirm the completion of their previously announced business combination (the “Business Combination”). The listed company following the Business Combination is TGE, and its Class A ordinary shares and warrants will commence trading on the New York Stock Exchange and NYSE American under the ticker symbols “TGE” and “TGE WS”, respectively, on June 5, 2025.The announcement of the completion of the Business Combination comes after Black Spade II’s shareholders voted to approve the transaction on May 30, 2025. As a result of the Business Combination, Black Spade II became a wholly owned subsidiary of TGE and is expected to be delisted from The Nasdaq Stock Market LLC.Dr. Feridun Hamdullahpur, Chairman of the Board of The Generation Essentials Group, said: “This is about the successful listing of a comprehensive and diversified global media, entertainment, and hospitality play; the emergence of a worldwide operator in top-tier world “media” including L’Officiel and The Art Newspaper, “entertainment” including motion pictures, and “space” including coffee shops and hotels. I want to thank the Black Spade II team for their partnership and efficient handling of the deal process. With our two existing listed companies already under the NYSE banner, this third listing will offer a unique platform that brings together fashion, art, media, movies, entertainment, and hospitality under one global roof: TGE. We are now long-term partners with Black Spade, and there are numerous opportunities for cross-collaboration and mutual support on our journey towards building a world-leading media and entertainment company. On behalf of the Board of Directors, I would like to express my gratitude to everyone involved in bringing this innovative concept to fruition in record time.”Mr. Dennis Tam, Chairman and Co-CEO, Black Spade Acquisition II Co, said: “We are pleased to announce the successful completion of our merger, marking a significant milestone in bringing value for all our shareholders. In TGE's business footprint across fashion & art, media and hospitality, we saw an ideal match with our entertainment DNA. I would like to thank the TGE management team for their leadership, vision and efficiency in bringing this deal to fruition, and we look forward to the company's next chapter as a public company under their ticker symbol 'TGE', as they continue their exciting journey in the media and entertainment sector globally.”Additional information about the transaction, including a copy of the business combination agreement, is available in Black Spade II’s Current Report on Form 8-K, filed on January 27, 2025 with the Securities and Exchange Commission (“SEC”) at www.sec.gov.More information about the transaction is available in TGE’s registration statement on Form F-4 which includes Black Spade II’s proxy statement and TGE’s prospectus in relation to the business combination, which was first filed with the SEC on April 11, 2025.Photo caption:(from left) Mr. Richard Taylor, Co-CEO, Black Spade Acquisition II Co, Mr. Kester Ng, Co-CEO, Black Spade Acquisition II Co, Mr. Dennis Tam, Chairman and Co-CEO, Black Spade Acquisition II Co, Mr. Lawrence Ho, Founder, Black Spade Capital, Mr. Calvin Choi, Founder and Director, The Generation Essentials Group, Dr. Feridun Hamdullahpur, Co-Chairperson of the Board of Directors, The Generation Essentials Group and Mr. Giampietro Baudo, CEO, The Generation Essentials GroupAbout The Generation Essentials Group (formerly known as World Media and Entertainment Universal Inc.)The Generation Essentials Group, jointly established by AMTD Group, AMTD IDEA Group (NYSE: AMTD; SGX: HKB) and AMTD Digital Inc. (NYSE: HKD), is headquartered in France and focuses on global strategies and developments in multi-media, entertainment, and cultural affairs worldwide as well as hospitality and VIP services. TGE comprises L’Officiel, The Art Newspaper, movie and entertainment projects. Collectively, TGE is a diversified portfolio of media and entertainment businesses, and a global portfolio of premium properties.About Black Spade Acquisition II CoBlack Spade Acquisition II Co (“Black Spade II”) is a blank check company incorporated for the purpose of effecting a business combination (Special Purpose Acquisition Company or SPAC). Listed on The Nasdaq Stock Market LLC , Black Spade II was founded by Black Spade Capital, which runs a global portfolio consisting of a wide spectrum of cross-border investments, and consistently seeks to add new investment projects and opportunities to its portfolio. Black Spade II is Black Spade Capital’s second SPAC. Black Spade Capital’s first SPAC completed its business combination with VinFast Auto Ltd., a Vietnamese electric vehicle company, in August 2023. At the time, it was the third largest ever de-SPAC by deal value (based on Dealogic data available through April 2024).About AMTD GroupAMTD Group is a conglomerate with a core business portfolio spanning across media and entertainment, education and training, and premium assets and hospitality sectors.About AMTD IDEA GroupAMTD IDEA Group (NYSE: AMTD; SGX: HKB) represents a diversified institution and digital solutions group connecting companies and investors with global markets. Its comprehensive one-stop business services plus digital solutions platform addresses different clients’ diverse and inter-connected business needs and digital requirements across all phases of their life cycles. AMTD IDEA Group is uniquely positioned as an active super connector between clients, business partners, investee companies, and investors, connecting the East and the West. For more information, please visit www.amtdinc.com or follow us on X (formerly known as “Twitter") at @AMTDGroup.About AMTD Digital Inc.AMTD Digital Inc. (NYSE: HKD) is a comprehensive digital solutions platform headquartered in France. Its one-stop digital solutions platform operates key business lines including digital media, content and marketing services, investments as well as hospitality and VIP services. For AMTD Digital’s announcements, please visit https://ir.amtdigital.net/investor-news.Safe Harbor StatementThis press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar statements. Statements that are not historical facts, including statements about the beliefs, plans, and expectations of Black Spade II, TGE, AMTD IDEA Group and/or AMTD Digital, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the filings of Black Spade II, TGE, AMTD IDEA Group and AMTD Digital with the SEC. All information provided in this press release is as of the date of this press release, and none of Black Spade II, TGE, AMTD IDEA Group and AMTD Digital undertakes any obligation to update any forward-looking statement, except as required under applicable law.Media Enquiries:The Generation Essentials GroupInvestor Relations Email: tge@amtd.world Black Spade Acquisition II CoInvestor Relations Email: ir@blackspadeacquisitionii.comAMTD IDEA GroupInvestor Relations Email: ir@amtdinc.comAMTD Digital Inc.IR Office Email: ir@amtdigital.comStrategic Financial Relations LimitedVicky Lee Tel: +852 2864 4834 Email: vicky.lee@sprg.com.hk Lilia Yang Tel: +852 2864 4833 Email: lilia.yang@sprg.com.hkWebsite: www.sprg.com.hk Copyright 2025 ACN Newswire via SeaPRwire.com.















