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News

CAB Cakaran To Acquire Cargill Malaysia’s Feed Business For RM231 Million

KUALA LUMPUR, CAB Cakaran Corp Bhd (KL:CAB), a poultry producer, plans to acquire animal feed manufacturer Cargill Feed Sdn Bhd (CFSB) for RM231 million in cash. The acquisition will allow CAB Cakaran to produce its own animal feed, supporting more than 100 broiler and breeder farms across Peninsular Malaysia and strengthening its integrated poultry operations. CAB Cakaran Corp Bhd is set to acquire the animal feed business of Cargill Malaysia for RM231 million, marking a major move to expand its vertically integrated poultry operations. The proposed acquisition will be carried out through CAB Cakaran’s 51%-owned subsidiary, CAB Nutrition Sdn Bhd, which will purchase 100% equity interest in Cargill Feed and Nutrition (Malaysia) Sdn Bhd. In a filing with Bursa Malaysia, the company said the acquisition includes two feed mills — in Pulau Indah, Selangor, and in Butterworth, Penang — along with machinery, equipment, customer contracts, and intellectual property rights. CAB said the acquisition will allow the group to strengthen its position across the poultry value chain, enhance production capacity, and improve cost efficiency through economies of scale. The deal is expected to be completed by the first quarter of 2026, subject to regulatory approvals and conditions.

Investment & Market Trends

Keppel Offloads Real Estate Assets And Investments Worth $477 Mil

Keppel Limited has divested approximately $477 million worth of real estate assets under its accelerated monetisation programme, bringing its total year-to-date (YTD) monetisation to $915 million. The recent transactions include the sale of Keppel’s entire stake in a commercial property in India for $379 million and its shares in Vietnamese property developer Nam Long for around $58 million. The group also sold a partial 2.5% stake in Smartworks Coworking Spaces following the company’s IPO in India this July. Keppel has a near-term monetisation target of $10 billion to $12 billion by the end of 2026. In addition, Keppel announced that a third-party investor has taken a 30% effective stake in one of its residential developments in Ho Chi Minh City, Vietnam. While the disposals of the Nam Long and Smartworks stakes have been completed, the other two transactions are expected to conclude by the fourth quarter of 2025, subject to necessary conditions being met. “These latest divestments reflect our focused and disciplined strategy to unlock value efficiently,” said Lee Kok Chew, head of Keppel’s Accelerating Monetisation Task Force (AMTF). “By collaborating closely with our operating units, we’ve been able to identify and execute transactions that maximise both speed and value.” Keppel is targeting asset monetisation of between $10 billion and $12 billion by the end of 2026. The group is scheduled to release its first-half FY2025 results on July 31. Keppel shares closed at $8.18 on July 30, up 2 cents or 0.25%.

Investment & Market Trends

Del Monte Pacific Posts US$5.7mil Q4 Profit Following US Business Deconsolidation

Singapore Exchange Mainboard and Philippine Stock Exchange dual-listed Del Monte Pacific Ltd (DMPL) reported a net profit of US$5.7 million for the fourth quarter ended April 30, 2025, marking a turnaround from a net loss in the same period last year. The improvement follows the deconsolidation of its US operations effective May 1, with future financial reporting to exclude the US business. Going forward, the group will report its financial performance and outlook on a continuing operations basis excluding the US business.  For the full financial year (May 1, 2024 to April 30, 2025), the group recorded a net profit of US$10.9 million from continuing operations, also reversing a net loss on the back of stronger sales and improved margins. Quarterly revenue rose 5.4% year-on-year to US$191.1 million, while gross profit surged 25.1% to US$57 million. The gains were driven by stronger sales in the Philippines, a better product mix, higher S&W Deluxe fresh pineapple sales, and improved pricing across markets. For the full year, revenue climbed 11.1% to US$789.5 million and gross profit rose 30.1% to US$224 million, supported by growth in both domestic and international markets, along with favorable currency movements. Operating cash flow stood at US$346.5 million as of April 30, while the net debt/EBITDA ratio improved to 7.4 times due to higher earnings and reduced debt. US operations impact Sales from the discontinued US segment fell 12% year-on-year to US$364.8 million in 4QFY2025 amid weaker demand, increased promotional spending, and changing consumer preferences. The group recorded an impairment charge of US$703.5 million, leading to a net loss of US$787.8 million for the quarter from discontinued operations. For the full year, losses from the US segment totaled US$892.4 million. Del Monte shares closed at 8.9 US cents on July 31, down 0.4 US cents or 4.3%.

News

Shahril Ridza Appointed As Chairman Of Standard Chartered Malaysia

KUALA LUMPUR, Standard Chartered Bank Malaysia Bhd (SCBMB) and Standard Chartered Saadiq Bhd (Saadiq) have appointed Tan Sri Shahril Ridza Ridzuan as their new chairman, effective Aug 2, 2025. He will take over from Datuk Yvonne Chia, who is stepping down on Aug 1 after completing her nine-year tenure. Shahril currently chairs several prominent organisations including Axiata Group Bhd, Iskandar Waterfront Holdings Sdn Bhd, Ekuiti Nasional Bhd, Battersea Project Holding Company Ltd, and Paradigm REIT Management Sdn Bhd. He is also a board member of CGS International Securities Malaysia Sdn Bhd and Kuala Lumpur Kepong Bhd. Previously, he served as managing director of Khazanah Nasional Bhd and as CEO of the Employees Provident Fund (EPF). “We are pleased to welcome Shahril as our new chairman. His strong leadership, integrity, and vision will be instrumental in guiding both SCBMB and Saadiq forward,” said Standard Chartered Malaysia CEO Mak Joon Nien in a statement.

Media OutReach

InMobi Achieves 80% Penetration Among China’s Top Gaming Publishers, Showcases Next-Gen Ad Innovation at ChinaJoy 2025

SHANGHAI, CHINA – Media OutReach Newswire – 1 August 2025 – InMobi, a global leader in mobile advertising and AI-powered monetization, is taking center stage at ChinaJoy 2025, highlighting its unparalleled growth and unwavering commitment to the Chinese developer ecosystem. With over 80% penetration among China’s top 100 gaming publishers and near-complete publisher retention InMobi has acheived a two-fold increase in revenue for Chinese partners between H1 of 2024 and H1 of 2025. This impressive performance reinforces InMobi’s position as a preferred global growth partner for mobile publishers. As Chinese apps continue to expand into global markets, InMobi is at the forefront of delivering the next generation of mobile experiences—offering high-impact, user-centric ad solutions and custom monetization strategies that drive measurable business outcomes. Attendees are invited to explore InMobi’s latest innovations and client success stories at ChinaJoy 2025. Standing Out in a Competitive Landscape In the fast-evolving mobile advertising space, InMobi’s full-stack ad platform—encompassing DSP, SSP, and owned-and-operated (O&O) media—distinguishes it from both local and international competitors. At the core of this differentiation is Helix AI, InMobi’s proprietary intelligence engine that powers ad decision-making and optimization at scale. Supported by a dedicated team of local experts, InMobi enables Chinese developers to reach, acquire, and monetize high-value users efficiently across global markets. This distinct edge is delivering tangible results in the U.S. market. For instance, a leading gaming studio in China saw a 5% increase in ARPDAU for one of its top-performing titles after integrating InMobi’s SDK. s Another fast-growing mobile games platform exceeded its ROAS targets and successfully acquired high-LTV users by leveraging Helix-powered campaign optimization capabilities. In an industry known for churn, InMobi has maintained a remarkable 90%+ client retention rate, underscoring the platform’s reliability and value in the U.S. market. “We’re incredibly proud of the growth we’ve helped unlock for our Chinese partners,” said Kunal Nagpal, Chief Business Officer at InMobi. “ChinaJoy is the perfect platform to showcase how our AI-driven solutions, global reach, and strong local presence are empowering developers to succeed on the world stage.” Strategic Vision and Product Innovation Looking ahead, InMobi is doubling down on its investment in China with a multi-faceted strategy that combines technological innovation, market expansion, and local expertise. At ChinaJoy 2025, InMobi is excited to announce the upcoming launch of Helix AI, its next-generation artificial intelligence engine that powers AcquirePro and Re-EngagePro—two core solutions designed to deliver smarter, data-driven user acquisition and re-engagement across global audiences. Simultaneously, InMobi’s, associate company Glance, is expanding its Glance Ads offering, unlocking new monetization opportunities in India and Southeast Asia through platforms like Glance, Roposo, and Nostra. Earlier this year, Glance launched Glance AI, an AI commerce platform that creates an inspiration-led shopping experience for the emerging ‘AI consumer.’ The app is available in 140 countries and has been integrated with Motorola Edge phones in India and select Sharp models in Japan, with plans for further collaborations. Built on an open architecture, Glance AI transforms devices into smart commerce solutions and will soon expand into beauty and travel categories. To further strengthen its execution in China, InMobi has appointed Grace Gui as Head of DSP Business for China, ensuring that partners benefit from local strategic support backed by global scale. Visit InMobi at ChinaJoy InMobi welcomes all ChinaJoy attendees, where they can experience live demos of Helix AI, discover how InMobi is empowering Chinese developers accelerate global success, and engage with both the local leadership team and global product experts. The booth will serve as a hub for collaboration, strategic discussions, and innovation showcases—demonstrating how InMobi is redefining the mobile experience for both advertisers and users. InMobi’s booth location: B906, Hall W3 of Shanghai New International Expo Center (BTOB Business Negotiation Hall) Hashtag: #InMobi The issuer is solely responsible for the content of this announcement. About InMobi InMobi group is a leading provider of content, marketing, and monetization technologies that help businesses grow by building real connections with today’s mobile-first consumers. Its platforms—including InMobi Advertising, Glance, Roposo, and 1Weather—deliver engaging experiences across smart surfaces and enable brands and developers to drive results through intelligent, data-driven solutions. With a presence across the US, Europe, India, Southeast Asia, and China, and over 17 years of innovation, InMobi continues to redefine mobile engagement for the world’s leading brands and app developers. For more information, visit www.inmobi.com.

Media OutReach

Fresver Beauty Relocates Tampines Outlet to Simei to Meet Rising Demand for Personalised Wellness in the East

SINGAPORE – Media OutReach Newswire – 1 August 2025 – Fresver Beauty, a trusted name in Singapore’s wellness and facial care industry since 1988, has relocated its Tampines outlet to a larger and more accessible space in Simei. The new outlet officially opened on 23rd July 2025, a move aimed at meeting growing demand in the East while enhancing customer comfort, accessibility, and service delivery. Fresver Beauty Relocates Tampines Outlet to Simei to Meet Rising Demand for Personalised Wellness in the East This new location is conveniently surrounded by essential amenities, including major supermarkets, a wide variety of eateries, and family-friendly establishments, making it a vibrant and accessible spot for customers to enjoy personalised facial and wellness sessions without disrupting their daily routine. Purpose-Driven Relocation to Enhance Capacity and Customer Experience Fresver Beauty’s decision to relocate is rooted in a sharp increase in demand for its award-winning facial treatments and personalised wellness services. The new Simei outlet, now equipped with 9 treatment rooms, allows for greater capacity and improved scheduling flexibility, ensuring a more seamless and comfortable experience for every customer. “This relocation wasn’t just a change in address—it was a strategic move to serve our customers better.” “We responded to what our clients need: more space, more services, and a more convenient experience from the moment they step out of the MRT.” The move has also allowed Fresver Beauty to reach new groups of customers, including airline service crew members who appreciate the outlet’s accessibility and peaceful environment—a welcome escape in between hectic travel schedules. With its calming interiors, thoughtfully designed layout, and modern facilities, the Simei outlet is built to deliver elevated personalised wellness experiences in every visit. A New Chapter of Beauty and Wellness Begins With the Simei outlet now open, Fresver Beauty marks a fresh milestone in its journey to bring trusted, effective, and heartfelt care to more customers. The new space not only allows for greater treatment capacity, but also provides a calm and inviting environment that many, both new and existing customers, have come to appreciate. Among them is Ms Caroline, a long-time client of over 12 years. She shared, “I’ve been with Fresver Beauty for over a decade, and I must say, the new Simei outlet is a wonderful change. It’s spacious, peaceful, and incredibly convenient. Every visit feels like a treat, and I truly appreciate the thought that went into creating this new space.” This latest move reaffirms Fresver Beauty’s continued commitment to evolving with the needs of its community, offering not just beauty solutions but holistic experiences that restore, renew, and uplift. Hashtag: #FresverBeauty #Facial #BodyWellness #SimeiFacial https://www.fresver.com.sg/https://www.facebook.com/fresverhttps://www.instagram.com/fresverbeauty/ The issuer is solely responsible for the content of this announcement. About Fresver Beauty Established in 1988, Fresver Beauty is a trusted provider of premium beauty and wellness services in Singapore. With over three decades of experience, the brand has built a strong reputation for delivering personalised, results-driven treatments, including ovarian care massage, neck and shoulder massage and more that blend expert techniques with high-quality skincare products. The brand’s dedicated team of professionals adopts a holistic and effective approach, addressing each client’s unique beauty and wellness needs. Fresver Beauty remains committed to helping clients look and feel their best, offering not just treatments but a complete pampering experience rooted in care, quality, and excellence.

Media OutReach

Etiqa Insurance Singapore Relocates to New Office at Capital Square for Greater Accessibility and Growth

SINGAPORE – Media OutReach Newswire – 1 August 2025 – Etiqa Insurance Singapore, an insurance arm of Maybank Group, has officially opened the doors to its new office at Capital Square. This strategic relocation marks a significant step in Etiqa’s commitment to enhancing accessibility and fostering deeper connections with its customers, reflecting the insurer’s commitment to being closer to customers. Etiqa’s new office at Capital Square Since establishing its presence in Singapore in August 2014, Etiqa has experienced continuous growth and success, driven by innovation, client partnerships, and commitment to excellence. The new ground-level office, located at 23 Church Street, #01-01 Capital Square, reflects the company’s dedication to enhancing accessibility, fostering collaboration, and strengthening its footprint within Singapore’s dynamic business environment. Celebrating 11 years in Singapore is a remarkable achievement for us,” said Raymond Ong, Chief Executive Officer of Etiqa Insurance Singapore. “Opening this new office is not just about expanding our physical presence; it symbolizes our deep roots in the community and our commitment to serving our clients better with enhanced accessibility and a collaborative workspace designed for the future.” “We celebrate Etiqa’s remarkable journey and continued success in Singapore as part of the Maybank Group,” said Alvin Lee, Country CEO & CEO, Maybank Singapore. “This expansion aligns with our vision to foster greater synergy, efficiency, and service excellence, further strengthening our position in Singapore’s financial services landscape.” The grand opening commenced with a symbolic Vespa convoy, carrying Etiqa’s senior executives from their former premises to the new Capital Square office. This dynamic journey not only marked a fresh start but also visually underscored Etiqa’s forward momentum. The celebrations continued with a traditional lion dance performance and a ribbon-cutting ceremony to mark auspicious beginnings. To commemorate the occasion, 300 specially prepared pineapple bags, each containing sweet treats to symbolise prosperity and good fortune, were distributed to the public, creating a festive and welcoming atmosphere at their new home. These festivities will lead into Etiqa’s latest brand campaign, “Live Ready With You”, which emphasises Etiqa’s focus on everyday relevance, accessibility, and readiness to serve its customers. Etiqa’s customer care centre is open to customers from Monday to Friday, 9.00am to 5.30pm (Excluding Public Holidays). Hashtag: #Etiqa https://www.etiqa.com.sg/ The issuer is solely responsible for the content of this announcement. About Etiqa Insurance Singapore Etiqa Insurance Pte. Ltd. (EIPL) is a life and general insurance company licensed and regulated by the Monetary Authority of Singapore and governed by the Insurance Act 1966. Having protected customers in Singapore since 1961 under the name United General Insurance Co. Sdn. Bhd., the company transitioned into the Singapore branch of Etiqa Insurance Berhad in 2009. Today, EIPL in Singapore stands as the pivotal operating entity of Etiqa Insurance Group, a leading insurance and takaful provider in ASEAN. EIPL offers a comprehensive range of life and general insurance products accessible through its diverse distribution channels, including bancassurance, agents, brokers, financial advisers, partnerships, direct and online sales via Tiq by Etiqa. Etiqa is rated ‘A’ by credit rating agency Fitch for the group’s ‘Favorable’ business profile. EIPL is owned by Maybank Ageas Holdings Berhad, a joint venture combining local market expertise with international insurance knowledge, with 69% ownership by Maybank, the fourth largest banking group in Southeast Asia, and 31% by Ageas, an international insurance group operating across 13 countries.

Property

Paramount buys Penang land for RM58mil

PETALING JAYA, Paramount Corp Bhd is acquiring 18.97 acres of freehold land in Bandar Cassia, Penang, from Penang Development Corp for RM57.84 million, marking a strategic expansion of its northern region land bank. In a statement, the property developer said the land acquisition aligns with its plan to drive sustainable growth, with the project expected to contribute a gross development value (GDV) of RM744 million. This adds to Paramount’s existing land bank of 358.9 acres and remaining GDV of RM5.497 billion. The purchase will be financed through a mix of internal funds and bank borrowings. Bandar Cassia, Penang Located just 600 metres from the award-winning Utropolis Batu Kawan development, the newly acquired site sits within the city centre of Bandar Cassia. The proposed development includes serviced apartments, semi-detached townhouses, and shop offices, with construction targeted to begin in 2027 and completion expected by 2033. Paramount noted that the project would boost housing supply and create a vibrant commercial hub to support Penang’s economic growth. TA Research: Confident in Envictus Stake Acquisition Meanwhile, TA Research expressed increased confidence in Paramount’s proposed acquisition of a 28% stake in Singapore-listed Envictus International Holdings Ltd. This follows a recent briefing that addressed key concerns related to earnings, integration, and capital impact. Paramount’s RM126.32 million cash deal—via its wholly owned Venice Concepts Sdn Bhd—to acquire the stake from JAG Capital Holdings Sdn Bhd (a company majority-owned by Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani) is seen as a strategic move into the food and beverage (F&B) sector. Envictus is the operator of brands such as Texas Chicken and San Francisco Coffee in Malaysia. TA Research believes the investment offers long-term value, given Envictus’s turnaround prospects and attractive entry valuation. The research house also highlighted Paramount’s disciplined approach in limiting further F&B acquisitions. However, it warned of risks including potential underperformance of the investment, lack of operational control due to the minority stake, and exposure to foreign investment regulation changes—although no such restrictions are currently in place. Paramount intends to protect its interests by appointing representatives to Envictus’s board. Property Market Outlook & Valuation Looking ahead, Paramount has flagged a cautious outlook for the property sector in the second half of 2025, citing external trade uncertainty, rising costs due to fuel subsidy rationalisation, and the expanded sales and service tax (SST). With RM600 million in sales recorded so far this year—well below its RM1.5 billion full-year target—TA Research noted the possibility of a target revision. Nonetheless, it sees potential for an uptick in sales once clarity on SST and tariff policies emerges. TA Research maintained its FY25–FY27 earnings projections and target price of RM1.48, based on a 0.6x price-to-book valuation. Paramount remains undervalued, trading at just 6.4x 2026 earnings and 0.4x price-to-book—well below the sector averages of 13.9x and 0.8x, respectively. With a dividend yield of over 7%, significantly above the industry’s 3.7% average, the research house sees limited downside risk for the stock.

Media OutReach

Life Sciences on the Chinese Mainland – Vital signs: Diagnosing trends in the life sciences real estate market on the Chinese mainland

HONG KONG SAR – Media OutReach Newswire – 1 August 2025 – Cushman & Wakefield, a leading global real estate services firm, today released its Life Sciences on the Chinese Mainland – Vital signs: Diagnosing trends in the life sciences real estate market on the Chinese mainland report. It is based on in-depth interview surveys we conducted on professionals active in the life sciences sector on the Chinese mainland. The life sciences industry on the Chinese mainland is undergoing a transformative phase, driven by progressive policies, groundbreaking innovations, the emergence of influential life sciences companies, and strategic regional development. This report delves into the latest trends shaping the sector. Policy Landscape – National and Local Catalysts Reforms enacted in 2024-2025 have significantly accelerated sector development. Nationally, China relaxed restrictions on foreign investment in gene and cell therapy and allowed the establishment of wholly foreign-owned hospitals in key cities. Regulatory incentives – such as data protection and marketing exclusivity – have improved market access for innovative drugs. Locally, cities like Beijing, Shanghai, Shenzhen, Guangzhou, and Suzhou are rolling out targeted subsidies, fast-track approvals, and ecosystem-building programmes that directly benefit biotech development. Recent national policy initiatives on the Chinese mainland Types of policies Detail information Opening to Foreign Investment In 2024, China eased restrictions on foreign investments in stem cell research, gene therapy, and genetic diagnostics within Free Trade Zones (FTZs) like Beijing, Shanghai, Guangdong, and Hainan. Regulatory Incentives The State Council’s Circular No. 53 introduced measures such as regulatory data protection and marketing exclusivity for select pharmaceutical products, including orphan and paediatric drugs. Wholly Foreign-Owned Hospitals China now permits the establishment of wholly foreign-owned hospitals in cities like Beijing, Shanghai, and Shenzhen, enhancing healthcare services and encouraging foreign investment. Source: Cushman & Wakefield Research Industry Innovation and Company Growth Chinese life sciences companies are moving beyond generic drug manufacturing toward innovative therapies. Firms like Akeso, BeiGene, Gracell, and Legend Biotech are now global players, leading in CAR-T, bispecific antibodies, and AI-assisted R&D. These companies are not only commercialising cutting-edge treatments but also attracting international investment and licensing agreements, reinforcing the Chinese mainland’s global relevance in life sciences. Real Estate Development and Regional Hubs Innovation hubs such as Suzhou BioBAY, Zhangjiang Hi-Tech Park (Shanghai), and the Bioisland Innovation Centre (Guangdong) are central to regional clustering. These hubs offer end-to-end support, including shared labs, venture capital access, GMP-compliant facilities, and proximity to academic and clinical networks. The rise of second-tier innovation cities like Chengdu and Ningbo further expands growth corridors. The “R&D + Manufacturing + Service” ecosystem Source: Cushman & Wakefield Research Landlord Perspectives – Evolving Real Estate Models Real estate developers and landlords are adapting to sector-specific requirements through asset-light models, flexible leasing, and high-specification lab and production space. Tier-1 cities face saturation, but central and western regions exhibit healthy demand. Developers are incorporating advanced sustainability and compliance features to meet growing regulatory and ESG expectations, particularly in GMP and cleanroom environments. Digitalisation, environmental policies, and differentiated tenant strategies are shaping performance. Operators now focus on integrated ecosystems with platforms that link tenants to R&D services, policy benefits, and technology partners. Occupier Perspectives – Growth, Innovation, and Challenges Life sciences occupiers are navigating regulatory reform, rising compliance demands, and intensified market competition. Many are localising production and R&D, leveraging regional subsidies, and investing in AI-powered innovation platforms. Occupiers seek flexibility, proximity to talent and infrastructure, and co-located R&D and manufacturing to support accelerated innovation and operational agility. In real estate, demand is strongest for GMP-certified labs, modular production facilities, and shared innovation platforms. Occupiers emphasise location advantages, sustainability certifications (e.g., LEED, WELL), and integration into clusters that enable faster time-to-market. Tony Su, Managing Director, National Head of Industrial & Logistics Property Services, China, said, “Life sciences business parks on the Chinese mainland demonstrated clear regional differentiation, highlighting opportunities for strategic positioning. While Tier-1 cities saw more moderate performance due to broader macroeconomic factors and abundant supply, core cities in central and western regions recorded healthy occupancy rates, underpinned by strong industrial clustering and increasingly sophisticated ecosystems – contributing to steady growth in asset value.” Johnathan Wei, President, Project & Occupier Services, China, said, “Several interviewed life sciences companies on the Chinese mainland achieved revenue growth supported by innovative products and favourable policy tailwinds. While overall growth remained modest for many, a select group reported strong performance, highlighting opportunities for differentiation”. Andrew Chan, Managing Director, Head of Valuation & Advisory Services, Greater China, said,” Looking ahead to 2025 and beyond, growth opportunities lie in AI-driven drug discovery, personalised medicine, advanced therapeutics (CGT, RNA), and green-certified facilities. Government policies continue to support innovation through fast-track approvals, rare disease funding, and subsidies aligned with dual-carbon and ESG goals”. Shaun Brodie, Head of Research Content, Greater China, “Life sciences real estate is shifting from generic parks to specialised, digitally enabled campuses with high compliance and flexibility. Investment strategies increasingly emphasise long-term partnerships, collaborative operating models, and digital infrastructure. Both landlords and occupiers express cautious optimism, with strategic differentiation and regional targeting seen as keys to unlocking future value”. Please click here to download the full report. Hashtag: #Cushman&Wakefield The issuer is solely responsible for the content of this announcement. About Cushman & Wakefield Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In Greater China, a network of 23 offices serves local markets across the region. In 2024, the firm reported revenue of $9.4 billion across its core services of Valuation, Consulting, Project & Development Services, Capital Markets, Project & Occupier Services, Industrial & Logistics, Retail, and others. Built around the belief that Better never settles, the firm receives numerous industry and business accolades for its award-winning culture. For additional information, visit www.cushmanwakefield.com.hk or follow us on LinkedIn (https://www.linkedin.com/company/cushman-&-wakefield-greater-china).

Media OutReach

FRV Announces Strategic Partnership with Envision, a Leader in Total Renewable Energy Solutions, for H2 Cumbuco Project in Brazil

MADRID, SPAIN – Media OutReach Newswire – 1 August 2025 – MADRID, SPAIN Fotowatio Renewable Ventures (FRV), part of Jameel Energy, announced today its selection of Envision Energy (“Envision’) as its strategic partner in green ammonia project in Brazil. Envision has been selected for its leadership and proven expertise across a total renewable energy system, from renewables through to green hydrogen – all orchestrated by AI technology. This agreement will see Envision bringing to H2 Cumbuco – a landmark green ammonia project located in Brazil’s Pecém Port its globally recognized expertise in integrated renewable energy solution, building on its pioneering scalable clean energy models that are modular and replicable across the world. The partnership brings together FRV’s extensive experience in clean energy solutions —backed by 3 GW of operational renewable and storage assets—and Envision’s AI-integrated total renewable energy system to build an electrolysis facility of up to 500MW electrolysis facility and an integrated ammonia plant, which is expected to be operational by 2030 and targeting key markets in Brazil, Europe and Asia. “This collaboration is more than a step towards decarbonization; it is a blueprint for how global energy transition can be operationalized. Together with FRV, we are reshaping the entire renewable energy system and advancing Brazil’s green energy infrastructure.” said Henry Peng, Senior Vice President and President of Latin America and the European Region. Envision recently delivered the world’s largest off-grid AI-enabled green hydrogen and ammonia plant and its first green marine ammonia bunkering operation in Dalian, China – proof of its capability to orchestrate complex and total renewable solutions at scale. FRV (Fotowatio Renewable Ventures) is a leading developer of sustainable energy solutions with a deep commitment to accelerating the energy transition. With a strong presence across key international markets—including Europe, Australia, Middle East, and Latin America—FRV continues to drive innovation and sustainability in the renewable energy sector. Aligned with this commitment, FRV has also been actively engaged for several years in the development of renewable hydrogen projects. In Spain, the company has secured public funding for two green hydrogen-related initiatives. In line with this strategy and leveraging on FRV’s long presence and commitment in Brazil, FRV has been developing the H2 Cumbuco project in Brazil since 2023. The project is in advanced development in areas such as engineering and environmental permitting, and has secured key resources, including land and water rights. “At FRV, we firmly believe that the development of renewable hydrogen and its derivatives is a fundamental pillar in advancing global decarbonization. We see Brazil as a country with the potential to become a global leader in this sector, thanks to its strategic geographic position, strong commitment to the energy transition, and broad public support. We are excited about the potential that this alliance with Envision can bring to the H2 Cumbuco project, in order to provide clean, competitive, and sustainable energy solutions while supporting Brazil’s economic and environmental development,” stated Felipe Hernández, Chief Innovation Officer of FRV. This partnership comes as Brazil, host of COP30 this year, develops a competitive low carbon economy with a focus on green hydrogen and green ammonia production not just for its domestic market, but for export to other parts of the world. Hashtag: #EnvisionEnergy https://www.envision-group.com/ The issuer is solely responsible for the content of this announcement.

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