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KAI Names Bobby Rasyidin As CEO Following New SOE Law

JAKARTA, The Ministry of State-Owned Enterprises (SOEs) and Danantara Asset Management, as shareholders of state railway operator Kereta Api Indonesia (Persero) or KAI, have restructured the company’s board of commissioners and directors to strengthen strategy, drive innovation, and improve service quality. Bobby Rasyidin, previously president director of Len Industri, has been named KAI’s new president director, succeeding Didiek Hartantyo. The appointment follows Indonesia’s new SOE Law No. 1 of 2025, which allows changes in the leadership of SOEs to be made without convening a physical shareholders’ meeting. Instead, appointments and dismissals are formalized through a ministerial decree, which simultaneously serves as a general meeting of shareholders’ resolution. Similar provisions existed under the previous SOE Law No. 19 of 2003 and the Limited Liability Company Law No. 40 of 2007.

Property

IJM Construction Secures RM1.4b Johor Data Centre Project

KUALA LUMPUR, IJM Construction Sdn Bhd, a wholly owned subsidiary of IJM Corporation Bhd, has secured a RM1.4 billion contract to build a large-scale data centre facility in Johor Bahru. The project, slated for completion in September 2026, will be delivered within 13 months. It consists of a six-storey data centre building with integrated office space, as well as a dedicated refuse and recycling facility. According to IJM, the development will feature a gross floor area of about 667,362 sq ft. The company will carry out the full civil and structural works using a pre-cast system—columns, beams, and hollow core slabs—supported by steel structures for mechanical and electrical plant installations. Designed to meet LEED Gold and GreenRE Platinum certifications, the building will incorporate sustainability features, including a signature green wall façade with integrated irrigation. “This project combines advanced construction methods with sustainable design to deliver long-term operational efficiency,” IJM said. Marking its largest data centre project to date, the contract also represents IJM’s fourth data centre in Johor, which is rapidly positioning itself as a strategic hub for hyperscale and enterprise facilities supporting AI, cloud computing, and digital services in Southeast Asia. The award boosts IJM Construction’s order book by RM1.4 billion, raising its total from RM7.6 billion as of March 31, 2025, to RM9.2 billion. “The pipeline now includes multiple data centres, electronics manufacturing facilities, and logistics hubs—sectors driving IJM’s growth in high-value industrial and digital infrastructure,” the company added.

Media OutReach

HOPE Foundation and Taiwan’s Top Lung Cancer Experts Call for Seamless Integration of Early Screening, Precision Diagnostics, and Early Treatment

TAIPEI, TAIWAN – Media OutReach Newswire – 16 August 2025 – Lung cancer continues to be the leading cause of cancer-related deaths worldwide. Yet, progress is within reach. In Taiwan, thanks to the National Lung Cancer Early Detection Program, the proportion of early-stage lung cancer cases continues to rise. Against this backdrop, HOPE Foundation for Cancer Care, one of the largest cancer-focused patient advocacy groups in Taiwan, recently hosted a press conference titled “Healthy Taiwan, Leading the World – Ushering in a New Era of Early Screening and treatment of Lung Cancer”. The event brought together distinguished government officials, ten leading medical authorities in lung cancer, and renowned lung cancer experts from major medical centers nationwide to chart the next phase of early lung cancer prevention and control policies. United in their commitment, participants advocated for the seamless integration of early screening, precision diagnostics, and early treatment in lung cancer care, strengthening efforts to promote early detection and intervention. Ultimately, aiming to support Taiwan in achieving its ambitious goal of reducing cancer mortality rates by one-third by 2030, setting a new international benchmark in cancer control. Taiwan’s proactive approach to lung cancer prevention is recognized globally for its vision and effectiveness. In July 2022, the government launched the Lung Cancer Early Detection Program, offering biannual low-dose CT (LDCT) screenings for high-risk groups, including those with a family history of lung cancer and heavy smokers. This pioneering initiative has positioned Taiwan as an international role model in lung cancer prevention. Over the past three years, more than 210,000 screenings have led to the identification of 2,506 lung cancer cases—over 80% of which were diagnosed at an early stage, with late-stage diagnoses dropping sevenfold. Previously, late-stage diagnosis was the norm, but Taiwan’s proactive policies have transformed the landscape, reversing the trend and ensuring that most initial lung cancer cases are now detected early. During his recent visit to Taiwan, Dr. Cary Adams, CEO of the Union for International Cancer Control (UICC), commended Taiwan’s National Cancer Control Program, its comprehensive cancer registry, and robust National Health Insurance (NHI) system for establishing an exemplary cancer care network. He encouraged Taiwan to further improve early lung cancer screening rates and timely access to treatment, reinforcing its status as a global public health leader. At the conference, Minister of Health and Welfare Dr. Chiu Tai-Yuan pledged ongoing cross-ministerial collaboration and policy innovation to improve early lung cancer detection and treatment. Legislator Wang Cheng-Hsu also reaffirmed his commitment to early detection and intervention, advocating for increased resources and improved legislation to ensure early-stage lung cancer patients receive comprehensive care. Leading medical experts further emphasized Taiwan’s advancements. Dr. Yang, Pan-Chyr, Academician of Academia Sinica, highlighted how the LDCT screening program has driven a shift toward earlier-stage diagnosis, with research indicating it could reduce lung cancer mortality by 53%. Dr. Chen Chien-Jen, Academician of Academia Sinica emphasized that the next key challenge is ensuring early-stage patients benefit from precision diagnostics and early treatment. Dr. Yang Cheng-Ta, President of the Taiwan Lung Cancer Society, added that emerging AI technology is now capable of analyzing LDCT images to predict an individual’s six-year cancer risk, which will improve identification of high-risk groups and support early intervention. Dr. Yang Chih-Hsin, President of Taiwan Association for the Study of Lung Cancer, urged early-stage patients to undergo genetic testing promptly, enabling medical teams to tailor optimal treatment plans, including surgery, targeted therapy, or immunotherapy as adjuvant treatments. HOPE called for NHI resources to shift toward early lung cancer diagnosis and treatment, highlighting the importance of genetic testing and adjuvant therapy for high-risk early-stage patients to reduce relapse and mortality. Clinical evidence shows that adjuvant targeted therapy after surgery for stage IB–IIIA lung cancer with EGFR mutations can reduce five-year mortality by 10%, which is vital for improving outcomes and easing the burden on the healthcare system. Dr. Chen Jin-Shing, Head of Thoracic Surgery Division at National Taiwan University Hospital, advocated for priority reimbursement of adjuvant targeted therapy for patients with stage IB-IIIA lung cancer, while Dr. Chen Chih-Yi, Board Member of HOPE emphasized the importance of improving access to early genetic testing and treatment. Dr. Huang, Ming-Shyan, President of the Taiwan Clinical Oncology Society, pointed out that early-stage lung cancer treatment in Taiwan is not yet fully aligned with international guidelines, and urged that expanded screening must be matched with optimized NHI resource allocation and improved treatment access. Other leading voices reinforced the need for comprehensive care. Dr. Wang Chin-Chou, Board Member of Taiwan Society of Pulmonary and Critical Care Medicine, stressed that while surgery is the primary treatment for early-stage lung cancer, it must be accompanied by proactive adjuvant therapy strategies and long-term follow-up. Dr. Chang Wen-Cheng, CEO of Taiwan Cancer Foundation emphasized that the integration of screening, diagnosis, and treatment is crucial to truly realize early detection and treatment, as well as maximizing the value of screening program. Dr. Chen Jen-Shi, President of Taiwan Oncology Society, recommended that in addition to current NHI and Cancer Drug Fund financing, the government should promote diverse payment mechanisms—such as co-payment models or commercial insurance to supplement the NHI system—to further improve access to early lung cancer treatment. Uniting multiple lung cancer treatment experts from medical centers across Taiwan, a concerted effort to usher in a new era of early lung cancer screening and treatment. (Listed by institution from North to South) · Dr. Chen Yu-Min, Director of General Chest Medicine Department, Taipei Veterans General Hospital · Dr. Lee Kang-Yun, Attending Physician, Division of Pulmonary Medicine, Shuang Ho Hospital · Dr. Huang Chun-Yao, Attending Physician, Division of Chest Medicine, Taipei Tzu Chi Hospital · Dr. Tsai Chen-Liang, Director of Pulmonary and Critical Care Medicine Division, Tri-Service General Hospital · Dr. Yeh Yu-Wen, Physician, Division of Thoracic Medicine, Shin Kong Wu Ho-Su Memorial Hospital · Dr. Chang Sheng-Yu, Attending Physician and Leader of the Lung Cancer Team, Far Eastern Memorial Hospital · Dr. Yang Tsung-Ying, Director of General Chest Medicine Department, Taichung Veterans General Hospital · Dr.

News

Lubrizol Inks MoU With Pertamina Lubricants, Launches New Office

Specialty chemicals firm Lubrizol has signed a memorandum of understanding (MoU) with PT Pertamina Lubricants, a subsidiary of Indonesia’s state-owned energy company Pertamina, to explore joint opportunities in the country’s lubricants market. The partnership focuses on technology collaboration, market expansion, and sustainability to support Indonesia’s industrial growth and environmental goals. The MoU was signed on July 24 by Lubrizol Asia Pacific vice president Henry Liu and Pertamina Lubricants president director Werry Prayogi during the opening of Lubrizol’s new office in South Jakarta. Executives from Lubrizol cut a ribbon on July 24 to mark the opening of a new office at Tavera Office Park in South Jakarta. The specialty chemicals producer said it was ready to expand cooperation with local partners in various industries. Werry said the collaboration would enhance Pertamina Lubricants’ capabilities with access to Lubrizol’s advanced formulations. “This partnership reflects our commitment to supporting energy transition and boosting industrial efficiency in Indonesia,” he noted. Liu highlighted Indonesia’s strong growth potential, pointing out that Lubrizol already supplies chemical products to about 80 local partners across industries such as automotive, mining, and footwear manufacturing. “Pertamina is one of our largest partners in Indonesia, but there are many more opportunities across sectors,” he said, adding that footwear is a particular area of focus given the country’s demand for materials like thermoplastic polyurethane. The MoU signing coincided with the official launch of Lubrizol’s new office at Tavera Office Park, TB Simatupang, which will serve as a hub for customer engagement, technical services, and industry collaboration. The move complements the recent opening of the Southeast Asia Innovation Center in Jurong, Singapore, forming a regional network to strengthen Lubrizol’s presence in Southeast Asia. “Indonesia represents diversity, resilience, and potential,” Liu said. “Through this office, we aim to deliver tailored, science-based solutions that empower industries and improve lives, while creating opportunities for collaboration with local partners and innovators.”

News

Maxis And CelcomDigi Each Put In RM116.7m More Into DNB

KUALA LUMPUR, Maxis Bhd and CelcomDigi Bhd have each injected an additional RM116.67 million into Digital Nasional Bhd (DNB) through their subsidiaries, Maxis Broadband Sdn Bhd and Infranation Sdn Bhd. In a filing with Bursa Malaysia, Maxis said the fresh shareholder advance is intended to support DNB’s ongoing 5G rollout and assist in managing the company’s financial requirements. CelcomDigi, in a separate filing, confirmed that its contribution was made in line with the agreed proportions among DNB’s shareholders, as outlined under the existing shareholders’ agreement. According to Maxis, the additional shareholder advance carries the same rights as those of an ordinary shareholder. This means each ringgit of shareholder advance is entitled to one vote within DNB. Based on the latest equity structure, the Ministry of Finance Inc (MoF Inc) remains the single largest shareholder of DNB, with RM500.1 million in issued share capital and RM250.2 million in shareholder advances, bringing its total contribution to RM750.3 million. This gives MoF Inc a 41.67% stake in the special-purpose vehicle tasked with implementing Malaysia’s 5G network. Meanwhile, Maxis, CelcomDigi, and YTL Corp each hold a 19.44% stake in DNB. Their respective shareholdings comprise RM133,333 in issued share capital, RM233.33 million in shareholder advances, plus the latest RM116.67 million injection. The latest funding move underscores the commitment of Malaysia’s leading telecommunications players to the success of DNB and the country’s broader 5G agenda, which is seen as critical for driving digitalisation, innovation, and future economic growth.

Media OutReach

GWM Brazil Plant Officially Opens with President Lula in Attendance

Iracemápolis, São Paulo – Media OutReach Newswire – 16 August 2025 – In the early hours of August 16 (Beijing time), GWM’s Brazil plant officially commenced operations, marked by a grand ceremony for the rollout of its first vehicle, the HAVAL H6 GT. The plant, located in Iracemápolis, São Paulo, was acquired from Daimler Group and has since been upgraded into an intelligent manufacturing base. As GWM’s third full-process vehicle manufacturing center overseas, it carries the core mission of serving the Latin American market and acts as a key hub linking Europe, Asia, Southeast Asia, and Latin America. This milestone not only advances GWM’s globalization in Latin America but also sets an example of China’s high-quality automotive expansion, showcasing innovative collaboration between the Chinese and Brazilian auto industries. GWM Brazil Plant officially begins production with the first HAVAL H6 GT rolling off the line At the opening ceremony, Brazilian President Luiz Inácio Lula da Silva, Vice President Geraldo Alckmin, Chinese Ambassador Zhu Qingqiao, Brazil’s Minister of Labor, and other dignitaries joined GWM President Mu Feng, GWM International President Parker Shi, GWM Brazil Region President Zhang Gengshen, and other GWM executives to witness this landmark moment in the company’s globalization journey. President Lula personally signed the hood of the first HAVAL H6 GT, marking its final production step before entering the market. After the ceremony, he also posed for photos with factory workers. In his welcome address, GWM President Mu Feng stated: “The Brazil plant is not only a strong commitment to the Brazilian market, but also the starting point for building the future together with our Latin American partners. In our global expansion, we adhere to the ‘Four New Modernizations’: Locally Built, Locally Operated, Globally Cultivated, Supply Chain Integrated. Following international quality standards, we will deliver highly reliable vehicles to the Latin American market.” He further announced that the plant’s annual production capacity will gradually increase from 20,000 to 50,000 vehicles, creating over 1,000 direct jobs. Initial models include the HAVAL H9, POER P30, and HAVAL H6, with the H9 and POER P30 scheduled to launch in Brazil this September. Chinese Ambassador Zhu Qingqiao emphasized that since the establishment of diplomatic ties 51 years ago, China and Brazil’s comprehensive strategic partnership has continued to deepen, with key areas of cooperation including renewable energy, infrastructure, and manufacturing. He described the Brazil plant as a model of Sino-Brazilian industrial synergy, combining “Chinese smart manufacturing + Brazilian localization.” He noted that GWM is contributing to economic development and quality job creation in São Paulo and Brazil, and expressed hope for further collaboration in clean energy and digital technology to provide a “China-Brazil solution” for global climate governance. In his speech, President Lula stressed: “The GWM Brazil plant is very important for Brazil’s national industry. Its inauguration shows that Brazil has the capability to acquire advanced technology and produce vehicles that can compete with those from any country in the world. This means creating jobs, increasing income, and enhancing professional expertise for Brazilians. We hope GWM will make Brazil its production base in Latin America. The Brazilian government stands ready to support businesses and welcomes more Chinese companies to invest here.” Brazilian Vice President Alckmin, the Minister of Labor, and the Mayor of Iracemápolis also gave speeches, jointly opening a new chapter for GWM in Latin America. Guests at the ceremony praised GWM’s rapid growth and contributions to Brazil’s automotive market and expressed confidence in the company’s ability to further drive innovation and transformation in the industry. During the event, the Great Place to Work Institute awarded GWM Brazil the “Great Place To Work” (GPTW) honor. In addition, GWM announced a donation of 500,000 reais to local schools in Iracemápolis to help improve educational facilities. Located in Iracemápolis, São Paulo, the GWM Brazil plant covers a total area of 1.2 million square meters, with 94,000 square meters of built-up area. It houses welding workshops, robotic painting lines, assembly lines, energy and equipment facilities, and logistics supply systems. With an initial annual production capacity of 50,000 vehicles, the plant is expected to create 1,000 jobs by the end of this year. Initial models will include the HAVAL H9, POER P30, and the HAVAL H6 series. The plant also supports flexible production of multiple energy types, including hybrid (HEV), plug-in hybrid (PHEV), and diesel. Since entering the Brazilian market in 2021, GWM has reached annual sales of 29,000 units within just three years, ranking 14th in the market. In the first half of this year, GWM sold over 15,700 vehicles in Brazil, up 19.8% year-on-year—17 percentage points above the industry average—demonstrating the company’s confidence and determination to expand overseas and compete globally. Rooted in Brazil, expanding across Latin America, and reaching the world, GWM will continue to invest in Brazil, focusing on quality jobs, technological leadership, and R&D. The opening of the Brazil plant marks a new chapter in Chinese automotive globalization. With this plant, GWM will strengthen localized smart manufacturing, deepen its presence in Latin America, and bring its products and services to more global markets. Hashtag: #GWM The issuer is solely responsible for the content of this announcement.

Media OutReach

cooldown°earth welcomes North Rhine-Westphalia (NRW) funding for matterr

– Public funds and public welfare capital accelerate circular technology – DÜSSELDORF/BERLIN – Newsaktuell – 15 August 2025 – The non-profit cooldown°earth foundation congratulates its portfolio company matterr on receiving funding confirmation from the state of North Rhine-Westphalia as part of the EFRE/JTF program “Produktives.NRW.” Minister of Economic Affairs and Climate Protection Mona Neubaur presented the funding approval on August 6 in Düsseldorf. Pictured (from left to right): Thomas Tochtermann (Chairman of the Board, matterr), Benjamin Rump (COO, matterr), Wolfgang K. Hoever (Founder/Board, cooldown°earth), Mona Neubaur (Minister for Economic Affairs, Industry, Climate Protection and Energy of the State of North Rhine-Westphalia), Melanie Hackler (CEO, matterr), Jan Rückold (Head of Finance, matterr) Credit: © MWIKE NRW / Bowinkelmann To help end the export of waste from industrialised nations—a practice that currently places a disproportionate burden on the world’s poorest countries—matterr has developed a globally patented solution capable of repeatedly transforming waste back into high-quality raw materials. With this funding, matterr can accelerate the construction of its second plant, now on a small industrial scale, in North Rhine-Westphalia. The core technology is the depolymerization of PET under mild conditions. This allows mixed waste such as multi-layer packaging or mixed textile fabrics to be broken down into their primary components and fossil raw materials to be replaced on a large scale. By returning the monomer-based process to primary material quality, it enables molecular upcycling: Polyester textiles, which previously could only be recycled for low-quality applications, are now being used to create products of the highest quality – not only new textiles, but even packaging that is approved for food contact. “This is a unique partnership,” says Wolfgang K. Hoever, founder of cooldown°earth. “A charitable foundation takes the lead, the state follows – and the result is infrastructure that turns hard-to-recycle waste into a circular GreenTech product. This is great news for climate protection and for our region as a business location.” The funding commitment awarded to matterr is not only the first from this programme but also the maximum possible grant amount of €30 million. The planned NRW facility is scheduled to start operations in 2027 with an annual capacity of 10,000 tonnes. cooldown°earth is not the recipient of the funding, but an early investor and enabler. Any potential returns from its stake will, in accordance with its statutes, be reinvested in non-profit climate and environmental protection projects. Background The State of NRW and the EU support strategic technologies under the Produktives.NRW (EFRE/JTF 2021–2027) programme to ensure they remain in NRW/Europe. The first grants went to, among others, matterr (“revolPET plant”) and Greenlyte. Minister Neubaur highlighted the triple benefit for climate, jobs and innovation. (Pressrelease NRW) matterr’s own statement details the funding amount, schedule and process; the plant will replace fossil-based PET feedstock with primary-quality recycled material. (Pressrelease matterr) Hashtag: #cooldown°earth The issuer is solely responsible for the content of this announcement. About cooldown°earth: The cooldown°earth foundation is a private, non-profit foundation based in Krefeld, Germany. Founded in 2013 by Dr. Annekathrin Edelmann and Wolfgang K. Hoever, it works to promote social cohesion and climate protection. Projects include the Digital Climate School, which helps schools integrate education for sustainable development into their curricula. The foundation fosters skills in using new technologies for sustainability and strengthens motivation for the responsible use of the planet’s natural resources. www.cooldown.earth

Media OutReach

China UnionPay’s Poetry POS Machine Campaign Starts Global Heart-Warming Journey in Thailand

BANGKOK, THAILAND – Media OutReach Newswire – 15 August 2025 – Recently, alongside a Chinese lantern festival held in Thailand, UnionPay’s Poetry POS Machine public welfare initiative brought the poems of Chinese children in mountainous areas overseas for the very first time. During the event, the “Poetry Lights the Heart’s Lantern” Bangkok lantern and poem festival was also staged. China UnionPay’s Poetry POS Machine Campaign in Bangkok On-site, the overseas charity booth of UnionPay’s Poetry POS Machine, nestled beneath the China-Thailand friendship lantern display, stood out prominently. The large central lantern at the booth was breathtakingly beautiful, while the surrounding lanterns were adorned with children’s poems in both Chinese and Thai. Thai children recited verses by their Chinese peers, savoring the childlike wonder and joy from China. Visitors to the booth could either make donations by swiping their UnionPay cards on the POS machine to receive a bilingual Chinese-Thai poetry receipt, or record a poetry-reading audio for free and get a postcard with an audio QR code – a unique memento to call their own. Notably, all donations from the event will be channeled through a local Thai charity foundation to improve the lives and education of local children. As a leading international card network, UnionPay is widely accepted in Thailand, with its global acceptance network spanning 183 countries and regions. “We believe that despite the distance between China and Thailand, the sincerity and warmth in these poems are shared by all. For poetry is a universal language of humanity, a home where all souls can find solace; just as lanterns, no matter where they glow, embody our shared longing for light and warmth,” a China UnionPay spokesperson. To shine a light on the talents of children in mountainous regions, China UnionPay took their poems beyond the mountains and launched the Poetry POS Machine initiative in 2019. To date, the initiative has reached over 400 schools in mountainous areas in Anhui, Henan, Sichuan, Guizhou, Yunnan, Xinjiang, and other regions, benefiting more than 7,000 local children with art education programs. So far, the campaign has collected over 6,000 poems and published an anthology. Additionally, the first UnionPay public welfare library and 114 public welfare book corners have been put into use in Jinzhai County, central China’s Anhui Province. Hashtag: #ChinaUnionPay The issuer is solely responsible for the content of this announcement.

Media OutReach

Shopee Live, Video, and Affiliates Propels Major Growth for Fashion Brands Amid 8.8 Shopee Live Fashion Week

Shopee’s diverse content ecosystem drives fashion sales, orders and shopper savings. KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 15 August 2025 – Last week, the 8.8 Shopee Live Fashion Week lit up Malaysia’s fashion scene, treating shoppers to unbeatable savings, daily fashion content, and non-stop livestream entertainment. With countless styles just a click away, Shopee made online shopping Lagi Murah and effortless with daily discounts on trendy fashion items, livestream, and free shipping with special appearances by Malaysia’s favourite content creators, Sharifah Rose, Cupcake Aisyah, and Shak Shazwan. Infographic: ‘Get Ready With Shopee’ garners 15 Million Views through Shopee Video This success was made possible through a powerful combination of Shopee Livestream, Shopee Video, and affiliate marketing, collectively driving visibility for fashion brands and making it easier for shoppers to discover new trends and while enjoying Lagi Murah deals. Fashion Livestream Charts Order and Sales Growth During the 8.8 sale, Shopee Live took centre stage with non-stop daily themed fashion marathon shows. Covering the latest fashion finds, brand features, and influencer appearances, Malaysians tuned in for real-time product demos, expert styling tips, and interactive Q&As. Malaysians saved more than RM14 million by ordering through Shopee Live this 8.8, stretching every ringgit to enjoy the latest fashion trends without stressing the wallet. During the campaign’s peak day, these livestreams drew up to 3X more viewers compared to an average day, giving fashion brands immense visibility and conversion. Through livestreams alone, Fashion brands witnessed a 2.9X increase in orders, with affiliates playing a crucial role in amplifying this impact through Shopee Live, contributing one in every four orders for fashion sellers. Livestreaming is a powerful tool for fashion brands to connect with buyers and demonstrate how their items look and feel through live interaction. Panda Eyes, a brand well-known for its diverse range of fashion products, saw first-hand the impact of livestreaming, “The 8.8 campaign’s strong focus on fashion gave us the perfect stage to engage with our audience in real time. By the end of the campaign, our orders increased by 3.5X compared to a normal day,” the brand shared. Cupcake Aisyah, a popular fashion content creator says, “Livestreams are more than just a way to showcase fashion, they’re where I find great deals. Being part of the 8.8 sale and having the chance to walk as a model in the Shopee Live Fashion Runway Show was truly special for me. It gave me a unique opportunity to connect with Malaysians, share my love for fashion, and show my followers how to shop smart, something I genuinely enjoy doing.” Shopee Video and Affiliates Uplift Fashion Brands On top of livestreaming, Shopee Video proved to be another effective tool for fashion growth this 8.8, serving as a crucial touchpoint for brands and shoppers. Led mainly by affiliates, it leverages short-form content and word-of-marketing to help shoppers find new fashion pieces at Lagi Murah prices. Fashion brands that tapped into Shopee’s extensive network of 800,000 affiliates during 8.8 saw their affiliate-driven sales almost doubled through Shopee Video. Adding to the excitement, Get Ready With Shopee (GRWS) was the campaign’s centrepiece contest where thousands of fashion-themed Shopee Videos were submitted during the campaign. The videos garnered more than 15 million views, positively boosting the reach and engagement of featured fashion brands throughout the contest. Popular Items Malaysians Love this 8.8 Beyond entertaining content, Malaysians also searched for fashion accessories the most, with women’s shoes, bags and blouses leading the search rankings during 8.8. “8.8 Shopee Live Fashion Week shows how our content tools, together with affiliates, help connect brands and buyers. By making it easier for shoppers to find what they want, we continue to reinforce Shopee as the preferred platform for affordable fashion,” said Tan Ming Kit, Head of Marketing at Shopee Malaysia. This powerful collaboration not only enhances convenience but also aligns perfectly with Shopee’s mission to support the growth of businesses of all sizes, a commitment deeply embedded in the company’s culture and operations. Hashtag: #Shopee #ShopeeRaiLokal The issuer is solely responsible for the content of this announcement. Shopee Shopee is a leading e-commerce platform in Southeast Asia, Taiwan, and Brazil. Shopee promotes an inclusive and sustainable digital ecosystem by enabling businesses to digitalise and grow their online presence, helping more people access and benefit from digital services, and uplifting local communities. Shopee offers an easy, secure, and engaging experience that is enjoyed by millions of people daily. Shopee is also a key contributor to the digital economy, with a firm commitment to helping homegrown brands and entrepreneurs succeed in e-commerce. Shopee is part of Sea Limited (NYSE: SE), a leading global consumer internet company. Sea’s mission is to better the lives of consumers and small businesses with technology through its three core businesses: Shopee, Garena, and Monee.

Media OutReach

SUNRATE Secures Payment Business Licence In China

SINGAPORE – Media OutReach Newswire – 15 August 2025 – SUNRATE, the global payment and treasury management platform, today announced it has secured a payment business licence in China following its successful acquisition of a 100% stake in Transfar Pay, a unit of Shenzhen-listed Transfar Group. The RMB 315 million (USD 43.8 million) acquisition has received approval from relevant Chinese regulatory authorities. This transaction had been previously announced by the Transfer Group in an exchange filing dated April 1, 2025. “This acquisition represents a strategic step in SUNRATE’s ongoing commitment to enhancing our global licensing framework and ensuring compliant operations in all jurisdictions, whether through direct licensing or strategic partnerships,” said Paul Meng, co-founder at SUNRATE. With the addition of this licence, SUNRATE gains greater access to one of the world’s most important and dynamic markets. This further complements SUNRATE’s regulatory presence in key jurisdictions including Singapore, Hong Kong SAR, the United Kingdom, and Indonesia, with further regulatory milestones in other jurisdictions to be announced in due course. Hashtag: #SUNRATE The issuer is solely responsible for the content of this announcement. About SUNRATE SUNRATE is a global payment and treasury management platform for businesses worldwide. Since its inception in 2016, SUNRATE has been recognised as a leading solution provider and has enabled companies to operate and scale both locally and globally in 190+ countries and regions with its cutting-edge proprietary platform, extensive global network, and robust APIs. With its global business headquarters in Singapore and offices in Hong Kong, Jakarta, London, and Shanghai, SUNRATE partners with the top global financial institutions, such as Citibank, Standard Chartered, Barclays, J.P. Morgan and is the principal member of both Mastercard and Visa. To learn more about SUNRATE, visit https://www.sunrate.com/

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