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Media OutReach

XTransfer and SPD Bank Shanghai Branch Enter Strategic Partnership Agreement

Jointly Building a New Ecosystem for Cross‑Border Foreign Trade Finance GUANGZHOU, CHINA – Media OutReach Newswire – 16 September 2025 – XTransfer, the World’s Leading & China’s No.1 B2B Cross-Border Trade Payment Platform, announced the strategic partnership agreement with the SPD Bank Shanghai Branch during the “XTransfer TradeVision Summit 2025”. The partnership aims to enhance collaboration on key objectives, including local accounts, multi-currency settlement, and compliance risk control, to provide SMEs engaged in foreign trade with safer, more efficient, and more convenient global collection and cash management services, facilitating connections for businesses around the world. Senior representatives from both sides attended the signing ceremony, including Bill Deng, XTransfer Founder and CEO and Zhang Xianfeng, Vice President of SPD Bank Shanghai Branch. SPD Bank has consistently embraced open innovation and continually advanced its digital strategy. The bank has strong service capabilities and professional expertise in cross-border finance, maintaining a long-standing commitment to supporting the global development of small and medium-sized enterprises (SMEs) engaged in foreign trade. XTransfer specialises in B2B foreign trade finance and leverages technology to connect large global financial institutions with SMEs. It offers integrated solutions, including foreign trade payments and collections, multi-currency cash management, and intelligent risk control. To date, XTransfer has served over 700,000 corporate clients worldwide. Bill Deng, Founder and CEO of XTransfer, stated, “We are excited to establish a comprehensive strategic partnership with SPD Bank Shanghai Branch. SPD Bank has significant experience and strong resources in cross-border financial services. By combining their expertise with XTransfer’s innovative technology and global network, we aim to offer SMEs engaged in foreign trade a higher-quality financial infrastructure. This collaboration will support their steady growth in the global market.” Zhang Xianfeng, Vice President of SPD Bank Shanghai Branch, stated, “SPD Bank will continue to collaborate closely with XTransfer, aiming to achieve the goal of ‘local accounts that connect the globe and explore new opportunities in foreign trade’. We are committed to enhancing our cross-border financial service system, providing robust financial support for Chinese enterprises expanding globally, and working with all industry stakeholders to promote high-quality development in foreign trade.” Looking ahead, the two parties will continue to enhance their cooperation on several key objectives, including local accounts, multi-currency settlement, and risk control system development. This collaboration aims to promote innovation and upgrade China’s foreign trade financial ecosystem, allowing SMEs to access cross-border financial services comparable to those offered to large multinational corporations. Hashtag: #XTransfer #SPDBank #Crossborder #Payment #SMEs #Partnership https://www.xtransfer.comhttps://www.linkedin.com/company/xtransfer.cnhttps://x.com/xtransferglobalhttps://www.facebook.com/XTransferGlobal/https://www.instagram.com/xtransfer.global The issuer is solely responsible for the content of this announcement. About XTransfer XTransfer, the world-leading and China’s No.1 B2B Cross-Border Trade Payment Platform, is dedicated to providing small and medium-sized enterprises (SMEs) with secure, compliant, fast, convenient and low-cost foreign trade payment and fund collection solutions, significantly reducing the cost of global expansion and enhancing global competitiveness. Founded in 2017, the company is headquartered in Shanghai and has branches in Hong Kong SAR, the United Kingdom, the Netherlands, the United States, Canada, Australia, Singapore, Vietnam, Thailand, Malaysia, the Philippines, the UAE, and Nigeria. XTransfer has obtained local payment licences in Mainland China, Hong Kong SAR, Singapore, the United Kingdom, the Netherlands, the United States, Canada, and Australia. To date, XTransfer serves over 700,000 enterprise clients worldwide. By cooperating with well-known multinational banks and financial institutions, XTransfer has built a unified global multi-currency clearing network and a data-based, automated, internet-based and intelligent anti-money laundering risk control infrastructure centred on SMEs. XTransfer uses technology as a bridge to link large financial institutions and SMEs around the world, allowing SMEs to enjoy the same level of cross-border financial services as large multinational corporations. XTransfer completed its Series D financing in September 2021 and achieved unicorn status. The company has a diverse composition of international investors, including D1 Capital Partners LP, Telstra Ventures, China Merchants Venture, eWTP Capital, Yunqi Capital, Gaorong Capital, 01VC, MindWorks and Lavender Hill Capital Partners. For more information, please visit: https://www.xtransfer.com/

Media OutReach

AIA Corporate Solutions partners with leading healthcare group to support employee wellness through more affordable access to cancer care

HONG KONG SAR – Media OutReach Newswire – 16 September 2025 – AIA Hong Kong and Macau has announced a strategic partnership formed with Concord Healthcare1, a healthcare group in Mainland China which is listed on The Stock Exchange of Hong Kong Limited, on 11 September 2025. As part of the collaboration, eligible insured members of AIA’s designated group insurance can have access to more affordable designated cancer proton therapy and health screening packages2,3 at Guangzhou Concord Cancer Center4 (廣州泰和腫瘤醫院)—one of the flagship institutions under Concord Group5 renowned for its advanced cancer treatment capabilities, including proton therapy. This partnership aligns with our strategies in supporting and enhancing holistic employee wellbeing under the WorkWell with AIA programme. Cancer remains one of the most pressing health challenges. In Hong Kong, a new cancer diagnosis occurs every 15 minutes6, underscoring the importance of prevention, early detection, and accessible treatment. For employers, this gives rise to the growing need to support workforce health through comprehensive and proactive wellness strategies. While proton therapy offers relatively precise and non-invasive treatment for certain cancers, the cost of treatment in Hong Kong can be a critical factor in decision-making. Through this partnership, AIA enables designated group insurance’s eligible insured members to access more affordable cancer care at preferential rate2,3 at Guangzhou Concord Cancer Center, helping reduce financial stress while improving health outcomes. Ms Amelie Shen, Chief Corporate Solutions Officer of AIA Hong Kong and Macau, said: “At AIA, we go beyond traditional employee benefits by delivering holistic and innovative solutions that support Hong Kong’s workforce and their families. This partnership is more than a healthcare solution – it represents our commitment to helping organisations and their employees access to more affordable advanced cancer care — when they need it most. By leveraging this collaboration, we’re helping employers build more resilient and healthier workforces. Together, we’re enabling employees and their families to live Healthier, Longer, Better Lives.” This initiative reflects AIA’s vision to build a proactive, integrated wellness ecosystem—one that supports prevention, resilience, and recovery for employees and their families. Remarks: “Concord Healthcare” herein refers to Concord Healthcare Group Co., Ltd. The preferential rate on the medical expenses of the designated proton therapy and health screening packages offered by Guangzhou Concord Cancer Center (“Preferential Rate”) is only available to the eligible insured members of AIA’s designated group insurance plans. The Preferential Rate does not form part of the contractual benefit, and is not guaranteed. The medical expenses of the designated proton therapy and health screening packages shall be settled by the eligible insured members of AIA’s designated group insurance plan directly with Guangzhou Concord Cancer Center. Please take note that any claim reimbursement shall be subject to the provision of complete claim documents, the insured member’s benefits entitlement, the terms and condition of the policy of AIA’s eligible group insurance plan. For details, please contact AIA for enquiry. For identification purposes only. “Concord Group” herein refers to Concord Healthcare Group Co., Ltd. together with its subsidiaries. Hospital Authority Hong Kong Cancer Registry (2022) Hashtag: #AIA The issuer is solely responsible for the content of this announcement. About AIA Hong Kong & Macau AIA Group Limited established its operations in Hong Kong in 1931. To date, AIA Hong Kong and AIA Macau have over 18,000 financial planners1, as well as an extensive network of independent financial advisors, brokerage and bancassurance partners. We serve over 3.6 million customers2, offering them a wide selection of professional services and products ranging from individual life, group life, accident, medical and health, pension, personal lines insurance to investment-linked assurance schemes with numerous investment options. We are also dedicated to providing superb product solutions to meet the financial needs of high-net-worth customers. 1 As at 30 June 2025 2 Including AIA Hong Kong and AIA Macau’s individual life, group insurance and pension customers (as at 30 June 2025)

Media OutReach

Green SM expands all-electric taxi service to Bekasi, supporting the city’s smart mobility vision

BEKASI, INDONESIA – Media OutReach Newswire – 16 September 2025 – Green SM, the pioneering all-electric taxi service under GSM, has officially launched in Bekasi. From today, residents and visitors can experience safer, cleaner, and more modern journeys in Green SM’s signature cyan taxis, with exclusive launch offers of up to IDR 150,000 for new users. Green SM’s expansion contributes to Bekasi’s smart city vision. The debut in Bekasi features a fleet of VinFast all-electric taxis, which can be easily booked through the Green SM app. Built on the company’s “5 Goods”, Green SM guarantees Good Car – modern and well-maintained vehicles; Good Driver – courteous and reliable driver-partners; Good Price – transparent fares; Good Experience – pleasant travel experience; and Good for the Environment – eco-friendly journeys contributing to cleaner urban air. Green SM’s expansion to Bekasi follows its successful debut in Jakarta, where it quickly gained strong public support and became a symbol of green urban mobility. By expanding into Bekasi, the company enhances the city’s transportation network through direct connections to TransJakarta, LRT Jabodebek, and Commuter Line stations, making it easier for commuters to access first- and last-mile options. This is especially significant in Bekasi, known as Indonesia’s “city of workers” and an important industrial center where hundreds of thousands of trips are made daily to Jakarta for work and school. Green SM’s dependable all-electric taxi network is expected to reduce dependence on private motorbikes and cars, ease congestion, lower emissions, and improve local air quality, while offering affordable and safe transportation choices for families and workers. The expansion also represents a major milestone in Green SM’s Jabodetabek growth plan. By promoting clean energy transportation in one of Indonesia’s busiest metropolitan areas, the company supports national carbon reduction goals and contributes to Bekasi’s smart city vision. This initiative is not only about launching a new service but also about building a long-term ecosystem where technology, mobility, and community needs move forward together toward sustainable growth. Deny Tjia, Managing Director of Green SM Indonesia, shared: “Our expansion into Bekasi is more than just launching a new service; it reflects a deeper commitment to the people and rhythm of the city. Bekasi is a place full of energy and resilience, where industry, families, and commuters influence daily life. We see Green SM as a partner to that vibrant community, providing clean and modern transportation that seamlessly fits into busy routines while supporting Indonesia’s climate goals. This launch demonstrates how the public and private sectors can collaborate to advance smart city development through practical, low-carbon solutions.“ Looking ahead, Green SM plans to expand further across Indonesia, with Surabaya and Makassar set to join the network soon. This eastward growth beyond Java’s core highlights the company’s ability to operate at scale across diverse urban environments, reinforcing its role as a key player in greening Indonesia’s transportation sector. Bekasi thus marks not only the latest milestone but also a gateway for Green SM’s broader mission to accelerate sustainable mobility in rapidly growing cities nationwide. To celebrate this achievement, Green SM is offering launch promotions worth up to IDR 150,000 for new users, encouraging residents to experience premium electric rides that are both convenient and affordable. By combining global expertise with a deep understanding of local needs, Green SM reaffirms its long-term vision: to make every journey in Indonesia safer, cleaner, and truly green. Hashtag: #GSM #GreenSM The issuer is solely responsible for the content of this announcement. About GSM & Green SM GSM (Green Smart Mobility) is the world’s first company to operate an all-electric ride-hailing service across multiple platforms. As a pioneer in sustainable transportation, GSM has built the foundation for a cleaner, smarter, and more responsible mobility model powered entirely by VinFast electric vehicles. Founded by Chairman of Vingroup Pham Nhat Vuong, GSM is committed to developing a future-ready mobility ecosystem while inspiring greener lifestyles in countries that are rapidly embracing sustainability. Green SM is GSM’s official global brand, representing the company’s vision and values in every market it serves. In Southeast Asia, Green SM operates in Indonesia, under the name Xanh SM in Vietnam and Laos, and as Green GSM in the Philippines. Across all markets, the brand offers a refined travel experience with VinFast electric cars, professional drivers, and a service culture centered on safety and care. Green SM represents progress toward a future where technology, the environment, and humanity move forward together in harmony. The brand is committed not only to providing zero-emission transportation but also to fostering an environmentally conscious society in every market it operates. https://id.greensm.com/en

Media OutReach

DL Holdings x Bitmain/Antalpha Miner: Hong Kong’s First Bitcoin Hashrate Stock

HONG KONG SAR – Media OutReach Newswire – 16 September 2025 – After trading hours on 15 September 2025, DL Holdings Group Limited (HKEX: 1709) announced a major strategic cooperation with Fortune Peak Limited. DL Holdings will acquire the latest-generation, top-efficiency Bitcoin mining machines via the issuance of Convertible Bonds, fully entering the Bitcoin mining sector with the aim of becoming the Hong Kong capital market’s leader in both Bitcoin hashrate and reserve. The Company targets annual production of ~200 BTC and, over the next two years, seeks to become the Hong Kong-listed “first Bitcoin hashrate stock” with a reserve target of over 4,000 BTC. The ultimate controller of Fortune Peak previously served as Chief Investment Officer at Antalpha Capital (BVI) Limited, bringing extensive digital-asset investment and operational experience as well as a deep understanding of the industry’s technology and operations. Partnering with the controller who formerly served as Antalpha’s CIO gives DL access to high-end mining hardware and the broader ecosystem of an industry leader. This will help ensure competitive hosted deployment and operations for DL’s miners, supporting stable, efficient mining. DL Holdings will acquire 2,200 S21XP HYD Bitcoin miners, with a total hashrate of approximately 1,040,600 TH/s. The total consideration is US$21,852,600, to be paid by issuing zero-coupon Convertible Bonds. The initial Conversion Price is HK$3.17 per Share, representing approximately an 8.65% discount to the 5-day average closing price before the announcement date. The Convertible Bonds will have a two-year lock-up period, during which they cannot be transferred without the Company’s consent, and the Conversion Shares will also be subject to a two-year lock-up. In addition, as part of the consideration, DL Holdings will issue 40,000,000 Warrants at an initial Exercise Price of HK$3.80 per Share, representing approximately a 9.51% premium to the 5-day average closing price before the announcement date. The Warrants will have a two-year exercise period, and 50% of the Warrant Shares issued upon exercise will be subject to a six-month lock-up. Furthermore, upon achieving agreed performance targets, DL Holdings will issue up to 13,442,451 Earn-out Shares, as incentives to the counterparty to ensure stable operation and efficient delivery of hashrate. This structure optimizes capital allocation, uses clearly locked instruments to bind long-term interests, and provides a robust financial and operational foundation for DL Holdings’ expansion into Bitcoin mining. As “digital gold,” Bitcoin accounts for roughly 55%–58% of the total crypto market capitalization and, as of September 2025, has a market value around US$2.29 trillion, ranking roughly 5th among global assets. Owing to its scarcity, decentralization, and store-of-value attributes, it has been recognized by governments and institutions as a strategic allocation with long-term preservation and appreciation potential. The U.S. government reportedly holds ~198,000 BTC, and the U.K. holds over 60,000 BTC. Leading fund houses including BlackRock and Fidelity have launched Bitcoin ETFs, drawing significant institutional flows. Technology leaders such as Elon Musk and Jack Dorsey have also publicly acknowledged holding Bitcoin and its long-term potential. Through self-mining, DL plans to acquire Bitcoin directly, increasing the weight of digital assets on its balance sheet and enhancing diversification and risk resilience. Amid accelerating global digitalization, investing in Bitcoin mining can provide recurring cash flows and bolster market confidence, offering potential long-term support to the Company’s share price. The Convertible-Bond-funded miners are expected (management plan) to generate up to ~200 BTC per year, roughly US$20 million in revenue at illustrative pricing assumptions, supporting growth while preserving financial flexibility. DL also plans to scale out mining capacity and ecosystem participation, with an additional ~200 BTC per year as a planning target. Leveraging the partner’s industry resources, DL targets, within two years, to become the largest Bitcoin mining company among Hong Kong-listed peers—with 4,000+ BTC in reserve and sustained, efficient digital-asset output. Moreover, the Company will (as part of the overall consideration) issue 40,000,000 Warrants to deepen strategic cooperation and has established earn-out incentives tied to operational stability, hashrate delivery, and share-price performance. If targets are achieved, the Earn-out Shares will be issued, further aligning interests and jointly advancing the mining business. William Li, Partner at DL Holdings, commented: “Bitcoin mining has evolved into a mature, stable, real-economy industry with a clear and sustainable profit model. As ‘digital gold’, Bitcoin’s anti-inflation and value-preservation attributes are increasingly recognized by institutions. This strategic move optimizes our asset structure and aims to deliver long-term, stable returns for shareholders—an integral piece of DL’s digital-finance ecosystem.” DL is simultaneously accelerating its digital-asset layout, advancing a three-phase plan for a comprehensive digital-finance ecosystem. In August 2025, DL raised over HK$650 million, earmarked for digital-finance growth—strategic acquisitions, RWA tokenization plans, Bitcoin mining, and building a virtual-asset trading network. In parallel, DL’s strategic investee Asseto has launched its flagship product CASH+ on BNB Chain, the first derivative token of an Asian asset-management USD money-market strategy issued on BNB Chain. Looking ahead, DL will continue to leverage its capital-markets experience and compliance framework, working with ecosystem partners to provide more efficient and transparent financial-product experiences for institutions and investors. Hashtag: #DLHoldings The issuer is solely responsible for the content of this announcement.

Media OutReach

Parisian Luxury Debuts in Bangkok: Rabbit Holdings, under BTS Group, in cooperation with Ananda Unveil “THE RESIDENCES 38” Bangkok’s Ultra-Luxury Condominium with First-Ever Private Fine Dining Kitchen—Together with La Clef Bangkok by The Crest Collection

The French Art de Vivre comes to Sukhumvit 38, combining the ultra-luxury living of The Residences 38, the refined hospitality of La Clef Bangkok by The Crest Collection, and exclusive private dining experiences. BANGKOK, THAILAND – Media OutReach Newswire – 16 September 2025 – Rabbit Holdings Public Company Limited, a subsidiary of BTS Group Holdings Public Company Limited, in cooperation with Ananda Development Public Company Limited, hosted an exclusive Open House event for their French-inspired ultra-luxury residential project, THE RESIDENCES 38, and La Clef Bangkok by The Crest Collection, a serviced residence managed by The Ascott Limited. The event offered attendees an exclusive opportunity to experience the property’s blend of French elegance and Thai sophistication. In the photo (from left to right): 1. Chef Takashi Sasaki, Kappo Takashi 2. Chef Wai Yin Man, Chef Man Private Kitchen 3. Miss Soraya Sathiengoset, Acting Chief Executive Officer, Rabbit Holdings 4. Mr. Kavin Kanjanapas, Chief Executive Officer, BTS Group Holdings 5. Mr. Chanond Ruangkritya, Chief Executive Officer, Ananda Development 6. Mr. Kanit Sangmookda, Country General Manager, Thailand & Laos, The Ascott Limited 7. Chef Arnaud Dunand Sauthier Distinctive guests were immersed in the project’s signature ‘French Art de Vivre’ philosophy, beginning with an elegant reception before touring show units on the 31st floor. The Residences 38 embodies the quintessential French approach to luxury through its collection of 56 exclusive one-to four-bedroom suites and penthouses. Each residence features corner positioning for abundant natural light and sweeping views, complemented by world-class appliances and premium finishes. Residents enjoy exceptional privacy with a dedicated lobby and private elevators, along with the convenience of pet allowed accommodations. Designed by world-renowned architect Antonio Citterio of ACPV ARCHITECTS, whose portfolio includes The Bulgari Hotel in Milan, THE RESIDENCES 38 stands as an architectural masterpiece. PIA Interior brings its expertise in creating spaces that harmonise luxury with warmth, designed to complement residents’ sophisticated lifestyles, while SHMA‘s sustainable landscape architecture introduces green spaces that seamlessly connect with nature, enhancing wellbeing and creating a tranquil urban sanctuary. La Clef Bangkok by The Crest Collection, managed by The Ascott Limited, offers 115 bespoke serviced residences, ranging from studios to two-bedroom suites. Inspired by the brand’s concept, “A Story Behind Every Door,” and the French Art de Vivre, the property blends heritage with refined living through curated design, immersive experiences, and amenities such as a swimming pool, onsen, residents’ lounge, and fitness centre—all complemented by personalised hospitality services. During the Open House, THE RESIDENCES 38 hosted a specially curated dining service, featuring signature creations from the two private dining destinations on the 11th floor: Chef Man Private Kitchen by Chef Wai Yin Man and Kappo Takashi by Chef Takashi Sasaki. These exclusive culinary sanctuaries, including collaborations with Michelin-starred chefs under Turtle 23 Company Limited are available just an elevator ride from residents’ homes, elevating THE RESIDENCES 38 into a destination for culinary aficionados. Moreover, located on Sukhumvit 38, just steps from BTS Thong Lo, THE RESIDENCES 38, and La Clef Bangkok by The Crest Collection, place residents in the heart of Bangkok’s most vibrant cultural district. The neighborhood is renowned for its eclectic mix of premier lifestyle venues, world class healthcare, upscale restaurants, stylish cafes, and prestigious international schools, creating an ideal environment with unmatched convenience. For more information about the Open House event, please contact 02 096 0511 or visit https://www.theresidences38.com. Hashtag: #TheResidences38 The issuer is solely responsible for the content of this announcement.

Media OutReach

Allianz Trade in Asia Pacific appoints CEO for Hong Kong Hub

HONG KONG SAR – Media OutReach Newswire – 16 September 2025 – Allianz Trade in Asia Pacific is pleased to appoint Hassan Omaish to the role of CEO for Hong Kong, South Korea and Taiwan (collectively Hong Kong Hub) with effect from 1 October 2025. He will succeed Edmond Lee who is retiring after spending 12 years with the company. Mr Omaish will be based in Hong Kong. Hassan Omaish returns to Asia to drive growth in Hong Kong, South Korea and Taiwan. Mr Omaish has been with Allianz Trade for 15 years, holding leadership positions across Europe, Asia, and the Middle East. Currently serving as Global Head of Broker Management and Partnerships, he takes charge in leading global broker strategies, driving business growth and shaping partnerships including closer collaboration with various Allianz entities. His previous roles include Commercial Director for ASEAN countries and Hong Kong Hub, as well as Country Manager of Malaysia. He has also held senior leadership positions across the Gulf Cooperation Council (GCC) region, bringing a wealth of international experience and strategic insight to his new role. Mr Omaish holds a master’s degree in international business with a focus on finance from the University of Wollongong. Commenting on this appointment, Rodrigo Jimenez, Regional CEO at Allianz Trade in Asia Pacific, says, “Firstly I would like to thank Edmond for his contributions and dedication over the past 12 years. He has led not one but three markets to growth and success, and built a culture of collaboration and resilience during his tenure. Meanwhile, Hassan is no stranger to the region having spent the bulk of his career on this side of the world. His international exposure, relationships with brokers and partners as well as track record in shaping strategies and driving growth will make him a great additional to our team.“ Mr Omaish remarks, “I am honored to take on the role of CEO for Hong Kong, South Korea, and Taiwan, three markets that I have had the privilege to work closely with over the years. I look forward to rejoining the APAC region to lead our growth strategies across these dynamic markets, strengthen partnerships, and deliver innovative solutions that help our clients navigate both emerging and persistent risks. I am proud to be working with a talented and committed team, whose expertise and energy will be key to driving our success.” Hashtag: #allianztrade #tradecreditinsurance https://www.allianz-trade.com/en_HK.htmlhttps://www.linkedin.com/company/allianz-trade-apac The issuer is solely responsible for the content of this announcement. About Allianz Trade Allianz Trade is the global leader in trade credit insurance and a recognized specialist in the areas of surety, collections, structured trade credit and political risk. Our proprietary intelligence network is based on instant access to data of 289 million corporates. We give companies the confidence to trade by securing their payments. We compensate your company in the event of a bad debt, but more importantly, we help you avoid bad debt in the first place. Whenever we provide trade credit insurance or other finance solutions, our priority is predictive protection. But, when the unexpected arrives, our AA credit rating means we have the resources, backed by Allianz to provide compensation to maintain your business. Headquartered in Paris, Allianz Trade is present in over 40 countries with 5,800 employees. In 2024, our consolidated turnover was EUR3.8 billion and insured global business transactions represented EUR1,400 billion in exposure. For more information, please visit allianz-trade.com

Media OutReach

Merlin Entertainments’ LEGOLAND® Discovery Centre Hong Kong Halloween Special Event: “Monster Party” Unleashes a Brick-or-Treat Adventure

HONG KONG SAR – Media OutReach Newswire – 16 September 2025 – From now until 2 November 2025, LEGOLAND® Discovery Centre Hong Kong, part of Merlin Entertainments Group, invites LEGO® fans of all ages to dive into the spooktacular “Monster Party”! Get ready for the “LEGO® Brick-or-Treat” challenges, bursting with interactive games, creative builds, and endless fun. Complete tasks to snag exclusive limited-edition gifts[1] and purchase our new “Season Pass” for a frightfully good time. Following last year’s spooktacular success, the “Monster Party” is back with a rocking’ twist! The lively LEGO® minifigure band mates, the Monster Rockers, are having too much fun jamming in MINILAND® and have forgotten their big Halloween performance. Kids are called to join the mission to round them up and bring them back to the stage for the ultimate Halloween show! Brick-or-Treat Missions Mission 1: MINILAND® Band Mate Round-Up The Monster Rockers are rocking out in MINILAND®! Join the team to find and photograph them to call them back to the stage. Mission 2: Build A Rocking Little Monster Unleash your creativity to craft a spooky-cute magical monster with LEGO® bricks to join the Monster Rockers’ Halloween show. Top creations may be featured on LEGOLAND® Discovery Centre Hong Kong’s social media. Mission 3: Pumpkin Patch Creation Build spooky-cute pumpkins with LEGO® bricks to decorate the Monster Rockers’ stage. Share your LEGO® experience with the hashtag #MonsterPartyHK to light up the party atmosphere. Limited-Time Activity 1: 4D Experience “The Great Monster Chase” Join a thrilling 4D adventure to chase the Monster Rockers back to their vibrant Halloween stage. Limited-Time Activity 2: Creative Workshop[2] Learn spooky-cute building tricks with our Master Model Builder crew to create Halloween themed models. All skill levels are welcome to rock the stage. Limited-Time Offer: 【New】Season Pass[3] From now until 30 September 2025, guests can purchase the new Season Pass for just HK$299. With standard admission tickets starting at HK$240, pay only an additional HK$59 for unlimited entry in 2025, plus enjoy shopping discounts, and birthday party offers. Experience all the exciting activities throughout 2025! Book now to continue the magical adventure! [1] Available while stocks last. [2] Limited spaces are available; please arrive 15 minutes early to collect reserved bricks, and refer to the attraction notice for specific workshop times. [3] Subject to terms and conditions. Hashtag: #LEGOLANDDiscoveryCentreHK #LEGOHK #K11MUSEA #LEGO #MonsterPartyHK #Halloween The issuer is solely responsible for the content of this announcement. About LEGOLAND® Discovery Centre Hong Kong LEGOLAND® Discovery Centre is where LEGO® creativity never ends and has attractions around the world. Geared towards children aged 3 to 10 and their families, the attraction features millions of LEGO® bricks and multiple activities, including: Kingdom Quest Ride; Merlin’s Apprentice Ride; LEGO® 4D Experience; Build and Test; MINILAND®, featuring iconic landmarks; LEGO® Friends Heartlake City; and more. LEGOLAND® Discovery Centre Hong Kong is a proud member of the Merlin Entertainments Group. Website: https://www.legolanddiscoverycentre.com/hong-kong/ Facebook: https://www.facebook.com/LEGOLANDDiscoveryCentreHongKong/ Instagram: https://www.instagram.com/legolanddiscoverycentre_hk YouTube: https://www.youtube.com/@LEGOLANDDiscoveryCentreHK Xiaohongshu: https://shorturl.at/pwSAy Douyin: https://shorturl.at/c7XFz About Merlin Entertainments Merlin Entertainments is a world leader in branded entertainment destinations, offering a diverse portfolio of resort theme parks, city-centre gateway attractions and LEGOLAND® Resorts which span across the UK, US, Western Europe, China and Asia Pacific. Dedicated to creating experiences that inspire joy and connection, Merlin welcomes more than 62 million guests annually to its diverse global estate in over 20 countries. An expert in bringing world-famous entertainment brands to life, Merlin works with partners including the LEGO® Group, Sony Pictures Entertainment, Peppa Pig, DreamWorks and Ferrari to create destinations where guests can immerse themselves in a wide array of brand-driven worlds, rides and uplifting learning experiences. See www.merlinentertainments.biz for more information.

Investment & Market Trends

China Confidence Shaken As BYD Loses US$45b In Value

BYD Co is under mounting pressure to rebuild investor confidence after a US$45 billion (RM189.22 billion) market value wipeout, as doubts grow over its ability to withstand China’s bruising price war. The Chinese electric-vehicle giant’s Hong Kong-listed shares have slumped more than 30% from their record high just four months ago, lagging peers. Analyst sell ratings on BYD are now at their highest since 2022, Bloomberg data show. Investors are increasingly uneasy with the company’s deep-discount strategy, even as Beijing moves to curb the “involution” it says is destabilising the sector. Meanwhile, competitors such as Geely Automobile Holdings Ltd and Zhejiang Leapmotor Technology Co are chipping away at market share. “While long-term sentiment remains positive, investors are worried about BYD’s aggressive ‘market share by pricing pressure’ approach, especially in the current regulatory climate,” said Kevin Net, head of Asian equities at Financiere de L’Echiquier. “In the near term, margins and topline will remain under strain.” BYD’s June-quarter profit plunged 30% — its first drop in more than three years — hit by relentless discounting. Once the main driver of successive price cuts, the company now faces the reality of an ageing product lineup and stricter oversight from regulators keen to protect China’s global manufacturing image. The EV maker has trimmed its 2025 delivery target to 4.6 million units from 5.5 million. To meet even this reduced goal, BYD must sell 1.7 million vehicles in the last four months of the year — a tough task without new models until early 2026. Analysts expect the upcoming launches to be pivotal, with fresh designs, battery upgrades, extended hybrid ranges, and wider rollout of its God’s Eye autonomous driving system. “No carmaker can keep its lineup competitive forever — not even BYD,” said Xiao Feng, co-head of China industrial research at CLSA. “Customers are shifting to newer offerings from rivals like Geely and Leapmotor.” Despite domestic headwinds, BYD is accelerating overseas growth. Goldman Sachs forecasts exports could hit 900,000 to 1 million units in 2025, outpacing management’s 800,000 target. Valuations also provide some comfort: BYD trades at 17 times forward earnings, below its three-year average of 20 times. Options trading has surged, with nearly 600,000 contracts outstanding — triple June levels. Analysts say how BYD positions itself in the coming year will be crucial. “If the company pivots from being seen as merely a cost leader to a true technology leader, it could spark a valuation re-rating, even if earnings face short-term pressure,” said Gary Tan, fund manager at Allspring Global Investments.

Energy & Technology

Abang Johari: Restructuring Key To Sarawak Energy’s Future Expansion

KUCHING, Sarawak Premier Tan Sri Abang Johari Tun Openg has urged a restructuring of Sarawak Energy Bhd (SEB) to support the state’s ambitious plans for energy growth and regional expansion. He said SEB’s board should review the state’s Electricity Ordinance — which governs the utility — to explore setting up a dedicated entity focused on boosting energy production for wider markets. “I leave it to the SEB board to study this matter, and I hope to receive a proposal paper by year-end,” Abang Johari said at SEB’s Vendors Excellence Awards 2025 Night on Friday. The premier noted that the restructuring aligns with Sarawak’s goals of achieving 10 gigawatts (GW) of energy generation capacity by 2030 and 15GW by 2035, in line with Prime Minister Datuk Seri Anwar Ibrahim’s vision of positioning Sarawak as a key hub in the Asean power grid. “The prime minister has identified Sarawak as a central player in the Asean energy grid. We are already working towards this, with plans to supply power to southern Philippines once our mission to supply Sabah is completed by year-end,” he said. Abang Johari also disclosed that SEB is finalising talks to export electricity to Brunei, while efforts are underway to expand supply to Peninsular Malaysia and Singapore, ultimately forming a regional energy loop. He added that this expansion will create fresh opportunities for SEB vendors to tap into Asean markets, but stressed that it will also require a larger pool of skilled talent. “This is why professionalism among vendors is critical. Once you meet SEB’s standards, the opportunities will come. It’s equally important for the vendor ecosystem to keep pace with SEB’s expectations,” he said.

News

MACC Seizes RM2mil In Gold And Jewellery

PETALING JAYA, The Malaysian Anti-Corruption Commission (MACC) has seized jewellery and gold valued at about RM2 million following investigations into a “counter setting” syndicate. In its latest operation, six individuals were arrested, including five officers from the Immigration Department. MACC deputy chief commissioner (operations) Datuk Seri Ahmad Khusairi Yahaya said the seizures comprised 3.2kg of jewellery worth RM1.6 million and 75 pieces of gold worth RM400,000. The raids, carried out between Sept 9 and 11, were part of an intelligence-led operation known as Ops Rentas. Preliminary findings suggest that the suspects had accepted bribes from agents to facilitate the entry of foreign workers. Khushairi added that the Selangor MACC also froze 70 bank accounts linked to the suspects, bringing the total value of assets seized to RM3.3 million. The case is being investigated under Section 17A of the MACC Act 2009.

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