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3HA Capital’s Final Offer Gives CosmoSteel Shareholders Opportunity to Exit Shares

All capitalised terms which are used in this press release but not otherwise defined herein shall have the meanings ascribed to them in the Offer Announcement dated 15 May 2025. Final Offer Price of S$0.25 per share. The Offeror does not intend to revise the Final Offer Price. SINGAPORE – Media OutReach Newswire – 24 July 2025 – 3HA Capital Pte. Ltd. (the “Offeror”) on 23 June 2025 announced its revised final offer price to acquire all the issued ordinary shares (the “Shares”) in CosmoSteel Holdings Limited (“CosmoSteel” or the “Company”) (the “Final Offer”). The revised and final offer price of S$0.25 per share (the “Final Offer Price”) represents a 25% increase from the initial voluntary conditional offer of S$0.20 announced on 15 May 2025. As of 7 July 2025, the Final Offer has been declared unconditional as the Minimum Acceptance Condition of the Offer (more than 50% of the total number of issued Shares, excluding Shares held in treasury) has been satisfied. The closing date for the Offer was extended from 5:30pm (Singapore time) on 14 July 2025 to 5:30pm (Singapore time) on 28 July 2025 (the “Extended Closing Date”). As of 23 July 2025, the offer has received valid acceptances in respect of nearly 229 million shares, representing approximately 87.88% of the total number of voting rights of the Company. If the Offeror receives valid acceptances pursuant to the Offer in respect of not less than 90% of the total number of voting rights, the Offeror would be entitled to exercise the right to compulsorily acquire all the Shares of shareholders who have not accepted the Offer at the Final Offer Price. The Offeror has confirmed that this is its final offer, and it does not intend to revise the Final Offer Price. Extended Closing Date The Extended Closing Date for the Offer remains unchanged at 5.30 p.m. (Singapore time) on 28 July 2025, unless extended. Shareholders who have already accepted the Offer at the initial offer price of S$0.20 per share will automatically be entitled to receive the Final Offer Price of S$0.25 per share. Those who have not yet accepted the Offer may do so by following the procedures for acceptance as set out in Appendix 1 of the Offer Document issued on 5 June 2025 and its accompanying Acceptance Forms. This press release should be read in conjunction with the full text of the Offer Announcement dated 15 May 2025, the Offer Document dated 5 June 2025, and all documents and announcement issued by or on behalf of the Offeror in relation to the Offer available on SGXNet. Shareholders should read the Company’s supplemental letter dated 2 July 2025 in relation to the Offer and carefully consider the information and advice contained in that supplemental letter. RESPONSIBILITY STATEMENT The Directors of the Offeror (including those who may have delegated detailed supervision of this press release) have taken all reasonable care to ensure that the facts stated and all opinions expressed in this press release are fair and accurate and where appropriate, no material facts have been omitted from this press release, the omission of which would make any statement in this press release misleading, and they jointly and severally accept responsibility accordingly. Where any information has been extracted or reproduced from published or otherwise publicly available sources (including, without limitation, information relating to the Group), the sole responsibility of the Directors of the Offeror has been to ensure, through reasonable enquiries, that such information is accurately and correctly extracted from such sources or, as the case may be, accurately reflected or reproduced in this press release. IMPORTANT NOTICE All statements other than statements of historical facts included in this press release are or may be forward-looking statements. Forward-looking statements include but are not limited to those using words such as “expect”, “anticipate”, “believe”, “intend”, “project”, “plan”, “strategy”, “forecast” and similar expressions or future or conditional verbs such as “will”, “would”, “should”, “could”, “may” and “might”. These statements reflect the current expectations, beliefs, hopes, intentions or strategies of the party making the statements regarding the future and assumptions in light of currently available information. Such forward-looking statements are not guarantees of future performance or events and involve known and unknown risks and uncertainties. Accordingly, actual results or outcomes may differ materially from those described in such forward-looking statements. Shareholders and investors should not place undue reliance on such forward-looking statements, and neither the Offeror nor Evolve Capital Advisory Private Limited undertakes any obligation to update publicly or revise any forward-looking statements, subject to compliance with all applicable laws and regulations and/or rules of the SGX-ST and/or any other regulatory or supervisory body or agency. Evolve Capital Advisory Private Limited is acting as the financial adviser to the Offeror in relation to the Offer. Any enquiries relating to the Offer should be directed during office hours to Evolve Capital Advisory Private Limited helpline at (65) 6241 6626. Hashtag: #3HACapital The issuer is solely responsible for the content of this announcement.

Media OutReach

Madame Tussauds Unveils 13 New Taylor Swift Figures in Historic Global Launch

Madame Tussauds Hong Kong’s new Taylor Swift wax figure will celebrate the folklore era, as part of the global entertainment brand’s biggest launch to date HONG KONG SAR – Media OutReach Newswire – 23 July 2025 – In news that’s sure to make every Swiftie’s wildest dreams come true, global entertainment brand Madame Tussauds today unveils its biggest figure launch to date, creating not one, but 13 brand new Taylor Swift wax figures. The figures, launching in 13 cities across four continents, will make guests feel as if they’ve stepped on stage at Taylor Swift | The Eras Tour. This simultaneous multi-figure launch is the most ambitious in Madame Tussauds’ 250-year history, reflecting Taylor Swift’s standing as one of the most influential and enduring artists of the 21st century. The trailblazing star recently wrapped her record-breaking Taylor Swift | The Eras Tour – selling-out 149 dates across five continents – and now Madame Tussauds marks this legacy by immortalising iconic moments from the historic tour for fans around the world. Laura Sheard, Global Brand Director at Madame Tussauds, said: “Taylor Swift is a generational icon and a cultural powerhouse. Madame Tussauds has a centuries-old legacy of holding a mirror up to the world of fame, immortalising the profiles that are making an imprint on the day’s culture. Taylor Swift’s influence spans music, fashion, film, activism and even the economy. The phenomenal success of her record-smashing tour is the perfect moment for Madame Tussauds to immortalise with 13 figures – Taylor’s lucky number – across four continents to ensure we’re reaching as many fans as possible. We just know they are going to love it as much as we do.” A team of more than 40 highly skilled Madame Tussauds artists has been working tirelessly for 14 months on the exciting project, which features each of the 13 figures dressed in a unique fan-favourite look from Taylor Swift | The Eras Tour. Images and footage released today reveal the Madame Tussauds Hong Kong figure celebrates the folklore era in show-stopping style. Featuring dramatic split sleeves and leaf detailing embellishment, the new figure is dressed in a flowing green Alberta Ferretti dress, specially created by the designer for Madame Tussauds Hong Kong. The look is finished with green lace up boots and bespoke microphone created by Rebel Stage Gear UK, the specialist customisation company behind the original microphones Taylor used during Taylor Swift | The Eras Tour. Danielle Cullen, Madame Tussauds’ Senior Figure Stylist said: “This is the most ambitious project in Madame Tussauds’ 250-year history which only feels right to reflect the stratospheric status of Taylor Swift. We’re honoured to have worked closely with fashion houses like Roberto Cavalli, Vivienne Westwood, Versace, Christian Louboutin, Alberta Ferretti and Etro to recreate some of the Taylor Swift | The Eras Tour’s most iconic looks – many of which will have special significance to the cities the 13 new figures will call home. It feels a fitting celebration to give Swifties the chance to commemorate moments from this once-in-a-generation tour in a way that only Madame Tussauds can.” Today’s launch marks the biggest undertaking by Madame Tussauds since unveiling seven Harry Styles figures in 2023 and eight Lady Gaga figures in 2011. Rolling out across the world-famous entertainment brand’s global estate, the new figures will appear in the Amsterdam, Berlin, Blackpool, Budapest, Hollywood, Hong Kong, Las Vegas, London, Nashville, New York, Orlando and Sydney attractions, with a touring figure kicking off its residency in Shanghai. Following today’s iconic unveiling, fans will be able to visit Madame Tussauds Hong Kong’s new Taylor Swift wax figure at the attraction from 24 July 2025. Keep an eye out on Madame Tussauds’ social channels for more news on this historic launch. Madame Tussauds Hong Kong Social Media Accounts Facebook: https://www.facebook.com/madametussaudshongkong/ Instagram: https://www.instagram.com/madametussaudshongkong/ YouTube: https://www.youtube.com/@TussaudsHK Twitter: https://x.com/TussaudsHK Xiaohongshu: https://shorturl.at/lVGJx Douyin: https://shorturl.at/yIGF1 Weibo: https://weibo.com/mthk WeChat: (Search “香港杜莎夫人蜡像馆”) Hashtag: #madametussaudshongkong #ThePeak The issuer is solely responsible for the content of this announcement. About Madame Tussauds Madame Tussauds has been inviting people to walk the red carpet and get closer to the revered for over 250 years. With 22 attractions in the world’s top destination cities, we are dedicated to giving millions of visitors the opportunity to mingle with the mighty from A-listers to music legends, heroes of sport, to world leaders. Today, we continue to partner with the global icons of a generation to create astonishing lifelike figures from sittings and offer exciting and interactive experiences to ensure guests have never felt closer to fame. 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.

Media OutReach

Asia Pacific Enterprise Awards and Asia Responsible Enterprise Awards 2025 China Chapter Celebrates Exemplary Business Excellence and Responsible Leadership

SHANGHAI, CHINA – Media OutReach Newswire – 23 July 2025 – The Asia Pacific Enterprise Awards (APEA) and Asia Responsible Enterprise Awards (AREA) China Chapter successfully concluded its latest edition, honoring the nation’s most exceptional enterprises and visionary business leaders at the forefront of innovation, resilience, and sustainable growth in an increasingly dynamic economy. Organized by leading regional NGO, Enterprise Asia, the prestigious dual awards ceremony took place at Grand Hyatt Shanghai on 11 July 2025. The joint awards ceremony recognized outstanding enterprises and entrepreneurs who exemplify business excellence, leadership, and social responsibility in navigating disruption and embracing the green, inclusive economy of tomorrow. A rigorous evaluation process, led by a distinguished panel of judges, assessed over 150 nominees across eight categories for the AREA and four categories for the APEA. The AREA recognized exemplary leaders and enterprises that have demonstrated an unwavering commitment to sustainability and responsible business practices. In parallel, the APEA honored exceptional organizations and entrepreneurs who exhibited exceptional business performance, strategic foresight, and visionary leadership in navigating today’s dynamic business landscape. In his welcome address, Datuk William Ng, Vice Chairman of Enterprise Asia, stated, “In an era marked by unprecedented challenges and transformation, it is the enterprises and leaders who dare to innovate, uphold responsible business values, and commit to sustainable progress that will define the future. Tonight, we are here to celebrate not just their business success, but their resilience, foresight, and positive impact on society and the environment.”. Among the outstanding AREA award recipients, Town Ray Electrical (Huizhou) Limited received the award under the Green Leadership category for its exemplary environmental stewardship. The company achieved significant results by upgrading waste gas treatment, using low-VOC coating materials, adopting energy-saving equipment, and installing photovoltaic systems. These efforts reduced VOC emissions by 3.699 tons, saved 480 tons of standard coal, cut carbon emissions by 2,792 tons, reduced hazardous waste by 15%, and achieved 100% packaging recycling. The above achievements have also enabled the company to make contributions to society in the field of sustainable development. E.SUN Bank (China) Company, Ltd.’s strong governance, transparency, and accountability have earned it a two-time win in the Corporate Governance category. The bank leads with practices exceeding regulatory standards, including fully recorded Board meetings, independent performance reviews, and a well-indexed annual report. It has received favorable evaluations three times in corporate governance assessments among banks and insurers and maintained over 98% customer satisfaction for three consecutive years. Demonstrating its strong commitment to responsible banking, Bank of China (Hong Kong) Limited (“BOCHK”) earned dual honours in the Social Empowerment and Corporate Sustainability Reporting categories. Since 2016, the ‘BOCHK x Food Angel’ initiative has benefited over 210,000 people, recycled 8,800 tonnes of surplus edible food, and produced over 2.1 million meals. These efforts have reduced food waste and supported community dignity through innovations such as the ‘Self-serve Station’. Meanwhile, BOCHK’s has also established a robust sustainability governance framework and its Sustainability Reports strictly align with GRI standards, HKEX’s ESG Guide and follow guidelines such as TCFD, SASB and SDGs. The Reports have also been verified by an independent third party with reasonable assurance. One of the world’s leading aluminum producers, China Hongqiao Group Co., Ltd., also marked a key milestone in its ESG journey with its win in the Corporate Sustainability Reporting category. Guided by a robust ESG governance framework, its latest sustainability report outlines the ambitious ‘2555 dual carbon’ targets—peaking emissions by 2025 and achieving net-zero by 2055—alongside goals such as increasing green electricity usage to 70% by 2030 and reducing aluminum carbon intensity by 40%. The report highlights extensive stakeholder engagement, reinforcing the Group’s commitment to transparency, accountability, and long-term value creation. Further exemplifying leadership in social responsibility, Techtronic Industries (TTI) was recognized under the Social Empowerment category for its transformative initiative, ‘Building Resilience, Empowering Communities’. In partnership with Habitat for Humanity, the project addressed environmental, poverty, and infrastructure challenges by building eight new homes, renovating 20 others in Go Cong and Thai Nguyen, and improving WASH infrastructure for more than 1,800 individuals. Through the Participatory Approach for Safe Shelter Awareness (PASSA) and active employee volunteerism, TTI embedded sustainable development into its core strategy while fostering lasting community impact. Meanwhile, other esteemed winners of the AREA included industry leaders such as Alibaba’s Taobao Tmall Group: Xianyu Platform; China Construction Bank Corporation; JD.com, Inc.; Ping An Bank Co., Ltd.; Qisda Corporation, among others. In the APEA segment, notable winners included Kaishan Group Co., Ltd. and CTF Services Limited, recognized for their unparalleled achievements in business excellence. The APEA and AREA 2025 China Chapter were co-organized by Enterprise Accelerator Co., Ltd. and proudly supported by the Hong Kong Young Industrialists Council Limited (HKYIC), International Chamber of Commerce – Hong Kong (ICC-HK), MayCham China in Shanghai, Shanghai Chamber of Commerce in Guangzhou, SingCham Shanghai, and Strategic Public Relations Group. PR Newswire is the official news release distribution partner, with Dailywire.asia as the official media partner and Osin Au Pty Ltd as the official beverage sponsor. AWARD RECIPIENT LIST OF THE ASIA RESPONSIBLE ENTERPRISE AWARDS (AREA) 2025 CHINA CHAPTER SOCIAL EMPOWERMENT CATEGORY ORGANIZATION WINNING ESG PROGRAM BANK OF CHINA (HONG KONG) LIMITED BOCHK X FOOD ANGEL: INNOVATIVE FOOD ASSISTANCE FOR COMMUNITY JD.COM,INC. JD.COM HELPS RURAL REVITALIZATION WITH DIGITAL SUPPLY CHAIN KINGNET NETWORK CO., LTD. KAIXIN PHILANTHROPHY – RURAL CHILDREN GUARDIANSHIP PROGRAM TECHTRONIC INDUSTRIES COMPANY LIMITED BUILDING RESILIENCE, EMPOWERING COMMUNITIES INVESTMENT IN PEOPLE CATEGORY ORGANIZATION WINNING ESG PROGRAM CHINA CONSTRUCTION BANK CORPORATION CHINA CONSTRUCTION BANK HUMAN RESOURCES DEVELOPMENT PRACTICES GREEN LEADERSHIP CATEGORY ORGANIZATION WINNING ESG PROGRAM GUANGZHOU LIBY ENTERPRISE GROUP CO., LTD. “GREEN FUTURE ⋅ NET ZERO LIBY” CLIMATE ACTION KAISHAN GROUP CO.,LTD. CONSERVING OUR PLANET PING AN BANK CO., LTD. PING AN BANK’S FINANCING SUPPORT FOR HBIS GREEN TRANSFORMATION PROGRAM TOWN RAY ELECTRICAL (HUIZHOU) LIMITED SMART INNOVATION FOR A LOW-CARBON FUTURE ZHENSHI HOLDING GROUP GREEN ENERGY SURGES — BOUNDLESS POTENTIAL CORPORATE GOVERNANCE CATEGORY ORGANIZATION WINNING ESG PROGRAM AUTOHOME INC. AUTOHOME SUSTAINABLE CORPORATE GOVERNANCE BUDWEISER BREWING COMPANY APAC LIMITED GOVERNANCE FRAMEWORK E.SUN BANK (CHINA) COMPANY,LTD. THOROUGH

Media OutReach

VinFast launches all-electric VF 7 suv in Indonesia

JAKARTA, INDONESIA – Media OutReach Newswire – 23 July 2025 – VinFast today officially introduced and began sales of the VF 7, a C-segment all-electric SUV with right-hand drive, in Indonesia. The VF 7 marks the fifth model in VinFast’s lineup for the archipelago nation, solidifying the Company’s position as a leader with one of the most diverse ranges of EVs. The VF 7 aims to offer a well-rounded experience for urban Indonesian users, combining a thoughtful design, modern technology, solid performance, and accessible price. A VinFast representative officially introduces the VinFast VF 7 model at GIIAS 2025. The VF 7 is making its debut in its third market with two distinct versions: the VF 7 Eco and the VF 7 Plus. In Indonesia, the VinFast VF 7 Eco is priced from IDR 499,000,000 (on-the-road, battery included), while the Plus version is offered at IDR 599,000,000 (on-the-road, battery included). An early bird price of IDR 468,000,000 for the Eco and IDR 568,000,000 for the Plus will apply to the first 200 customers who receive delivery, or to those who take delivery by September 1, 2025 (whichever comes first). VinFast also applies complimentary charging at VinFast stations operated by the global charging station development company V-GREEN until March 1, 2028. In terms of after-sales, the VF 7 is backed by one of the best warranty policies in its segment, offering a vehicle warranty of 10 years or 200,000 km (whichever comes first). Customers can place orders for the VF 7 at VinFast’s nationwide dealership showrooms or directly at the Company’s booth at the Gaikindo Indonesia International Auto Show (GIIAS) 2025, which opens for public from July 24 to August 3. The first VF 7 vehicles are expected to be delivered to Indonesian customers this year. VinFast will also bring a variety of attractive promotional programs to GIIAS 2025. For the latest VF 7 model, the first 125 customers who place an order at the event will receive a voucher worth IDR 7,000,000, redeemable for flight tickets at Ticket.com (the gift will be presented at the time of vehicle delivery). Customers purchasing the VF 3 will receive accessory upgrade voucher valued at up to IDR 5,000,000 and VF 5 customer get upgrade to light alloy wheels. Meanwhile, those ordering the VF e34 or VF 6 will be offered travel vouchers worth up to IDR 6,000,000. Mr. Kariyanto Hardjosoemarto, CEO of VinFast Indonesia, shared, “We are immensely proud to mark a significant milestone in the Indonesian market today. With the launch of our fifth model, VinFast is rapidly establishing the most diverse all-electric product range in the archipelago. By leveraging our versatile product lineup and comprehensive ‘For a Green Future’ ecosystem, we aim to meet every transportation and financial need while powerfully inspiring the shift toward green mobility in Indonesia, creating a sustainable and prosperous future.” Both VF 7 Plus and VF 7 Eco feature the “Asymmetric Aerospace” design language, penned by the renowned Italian studio Torino Design. This aesthetic vision embodies freedom, technology, and a forward-thinking, individualistic style. The VF 7’s exterior is defined by the signature VinFast “V” LED light strips at the front and rear, creating an unmistakable visual identity. A sloping coupe-style roof, large wheel arches, and alloy wheels up to 19 inches in size contribute to its powerful and athletic stance. With optimal dimensions (4,545 mm length, 2,840 mm wheelbase, 1,890 mm width, 1,635.75 mm height, and 190 mm ground clearance), the VF 7 offers a spacious, airy cabin with premium leather-upholstered seats. The interior is driver-centric, highlighted by a 12.9-inch touchscreen, a heads-up display (HUD), a unique two-tone D-cut steering wheel, and gear selector buttons that evoke the elegance of piano keys. The VF 7 offers a choice of five exterior and two interior colors, with the Plus version featuring a two-tone interior palette for personalized style (For accurate details and availability, please check with your local dealers). In terms of performance, the VinFast VF 7 Plus is equipped with two electric motors delivering a maximum total output of 260 kW (equivalent to 349 horsepower) and 500 Nm of peak torque. Its all-wheel-drive system makes it one of the most powerful vehicles in its class. Paired with a 70.8 kWh battery, the car boasts a maximum range of up to 471 km per full charge (NEDC standard). The VF 7 Eco, meanwhile, features a single electric motor with a maximum output of 130 kW (174 horsepower), 250 Nm of peak torque, and a 59.6 kWh battery, allowing for a maximum range of 430 km per full charge (NEDC standard). The Plus model is ready for long-distance travel and speed enthusiasts, while the Eco model is a stylish, versatile choice for urban commutes. The VF 7’s commitment to safety is underscored by its 7 airbags and a full suite of advanced active safety systems, including Anti-lock Braking System (ABS), Electronic Brakeforce Distribution (EBD), Brake Assist (BA), Electronic Stability Control (ESC), Traction Control System (TCS), Hill Start Assist (HSA), and Roll Over Mitigation (ROM). The Plus version further elevates the driving experience with an advanced ADAS package, including 17 advanced features including: Highway Assist, Traffic Jam Assist, Auto Lane Changing Assist, Emergency Braking and 360 Surround View Monitoring. VinFast will also provide complimentary over-the-air (OTA) updates for additional features, ensuring the vehicle is always equipped with the latest technology. VinFast’s rapid expansion in Indonesia, encompassing popular segments from the VF 3, VF 5, VF 6, VF e34 to the VF 7. The products are supported by attractive sales and after-sales policies, including free charging at V-GREEN stations, and 0% interest financing. VinFast is also actively collaborating with dealership, service center, and banking partners to make green transportation accessible to all./. Hashtag: #VinFast https://vinfastauto.id/ The issuer is solely responsible for the content of this announcement.

News

UOB Malaysia Clinches Three Major Awards, Reinforcing Its Status As A Top Foreign Bank

KUALA LUMPUR, UOB Malaysia has bagged three prestigious awards, further strengthening its reputation as one of the top foreign banks operating in the country. At the Euromoney Awards for Excellence 2025, UOB Malaysia was named Best Bank for Consumers, recognising its strong retail banking presence. The bank also took home Best Bank and Best Sustainable Bank in Malaysia under the international category at the 29th Annual FinanceAsia Awards 2025 – Southeast Asia. “These accolades reflect UOB Malaysia’s unwavering commitment to excellence, sustainability, and innovation that puts customers first,” the bank said in a statement. The Euromoney win highlights UOB Malaysia’s retail banking success, bolstered by its integration of Citigroup’s consumer banking business and continued growth in credit card and wealth management services. FinanceAsia’s recognition acknowledges the bank’s resilience and strong performance in 2024. UOB Malaysia’s leadership in sustainable finance is underpinned by a robust framework aligned with international standards, alongside deep sectoral expertise and customised solutions that assist businesses in their low-carbon transition journeys. UOB Malaysia is also the first bank to collaborate with Bursa Malaysia to provide the Centralised Sustainability Intelligence platform to its SME customers. This initiative supports businesses in enhancing sustainability performance and reporting in line with the National Sustainability Reporting Framework (NSRF). Further demonstrating its sustainability commitment, the bank continues to embed green practices into its operations—symbolised by its eco-friendly headquarters, UOB Plaza 1 in Kuala Lumpur. These awards add to UOB Malaysia’s growing recognition in the industry. Earlier in March, it was named Malaysia’s Best Bank at Global Finance’s 32nd Annual World’s Best Bank Awards – Asia Pacific.

News

Jati Tinggi Secures Submarine Cable Project From TNB

KUALA LUMPUR, Jati Tinggi Group Bhd has secured a RM19.41 million contract from Tenaga Nasional Bhd for submarine cable installation works in Sungai Manjung, Perak. In a bourse filing on Tuesday, the company said the scope of work includes dismantling existing submarine cables and supplying pipes, new 33-kilovolt submarine cables and accessories. The contract was awarded to an unincorporated joint venture 70% owned by Jati Tinggi’s wholly owned subsidiary Jati Tinggi Holding Sdn Bhd and 30% by Worktime Engineering Sdn Bhd. The contract will be completed within 365 days, the company added. This latest win follows a RM54.24 million cable installation contract awarded to the same partnership in June. With the new award, Jati Tinggi has secured a total of RM192.68 million in new projects since December 2024. For the financial year ended Nov 30, 2024, Jati Tinggi posted a net profit of RM9.7 million on revenue of RM128 million, up from RM3.9 million in net profit on RM115 million revenue in the previous year. Jati Tinggi shares closed 0.5 sen or 1.1% lower at 46.5 sen on Tuesday, giving the company a market capitalisation of RM182.2 million. Year-to-date, the stock has declined 4.1%.

News

Senheng Executive Chairman Appointed As Managing Director

Senheng New Retail Berhad has announced the appointment of its Executive Chairman, Lim Kim Heng, to the additional role of Managing Director, effective 1 August 2025. The move consolidates leadership at the top of Malaysia’s leading consumer electronics retailer. Lim, 64, a well-known veteran in the Malaysian retail industry, will now serve as both Non-Independent Executive Chairman and Managing Director. The dual role was approved by Senheng’s Board of Directors, acknowledging his key contributions to the company’s success and his vision for future growth. As Managing Director, Lim will assume direct oversight of day-to-day operations and lead the execution of strategic initiatives, while continuing to chair the Board and uphold strong corporate governance. The company expects the expanded leadership role to streamline decision-making and accelerate its long-term plans. The Board expressed full confidence in Lim’s continued leadership and his ability to steer the company through the evolving retail landscape.

Media OutReach

Alibaba Unveils Cutting-Edge AI Coding Model Qwen3-Coder

HANGZHOU, CHINA – Media OutReach Newswire – 23 July 2025 – Alibaba has launched Qwen3-Coder, its most advanced agentic AI coding model to date. Designed for high-performance software development, Qwen3-Coder excels in agentic AI coding tasks, from generating new codes and managing complex coding workflows to debugging across entire codebases. Qwen3-Coder-480B-A35B-Instruct achieves competitive results against leading state-of-the-art (SOTA) models across key benchmarks Built on a Mixture-of-Experts (MoE) architecture, this open-sourced model Qwen3-Coder-480B-A35B-Instruct, which has a total of 480 billion parameters but activates 35 billion parameters per token, delivers efficiency without sacrificing performance. The model achieves competitive results against leading state-of-the-art (SOTA) models across key benchmarks in agentic coding, browser use, and tool use. Additionally, Alibaba is open-sourcing Qwen Code, a powerful command-line interface (CLI) tool that enables developers to delegate engineering tasks to AI using natural language. Optimized with custom prompts and interaction protocols, Qwen Code unlocks the full potential of Qwen3-Coder for real-world agentic programming. The model also supports integration with the Claude Code interface, making it even easier for developers to execute their coding tasks. Trained on an extensive dataset of codes and general text data, Qwen3-Coder is engineered for robust agentic coding. It natively supports a context window of 256K tokens, extendable up to 1 million tokens, enabling it to process vast codebases in a single session. Its superior performance stems not only from scaling across tokens, context length, and synthetic data during pre-training, but also from innovative post-training techniques such as long-horizon reinforcement learning (agent RL). This advancement allows the model to solve complex, real-world problems through multi-step interactions with external tools. As a result, Qwen3-Coder achieves SOTA performance among open-source models on SWE-Bench Verified (a benchmark for evaluating AI models’ ability to solve real-world software issues), even without test-time or inference scaling. Agentic AI coding is transforming software development by enabling more autonomous, efficient, and accessible programming workflows. With its open-source availability, strong agentic coding capabilities, and seamless compatibility with popular developer tools and interfaces, Qwen3-Coder is positioned as a valuable tool for global developers in software development. The Qwen3-Coder-480B-A35B-Instruct model is now available on Hugging Face and GitHub. Developers can also access the model on Qwen Chat or via cost-effective APIs through Model Studio, Alibaba’s generative AI development platform. Qwen-based coding models have already surpassed 20 million downloads globally. Tongyi Lingma, Alibaba Cloud’s Qwen-powered coding assistant, will soon be upgraded with Qwen3-Coder’s enhanced agentic capabilities. Since its launch in June 2024, Tongyi Lingma’s “AI Programmer” feature—offering code completion, optimization, debugging support, snippet search, and batch unit test generation—has generated over 3 billion lines of code.Hashtag: #Alibaba The issuer is solely responsible for the content of this announcement.

Media OutReach

XTransfer Announces Over 700,000 Global Customers

Emerging Markets Become the “Blue Ocean” for Enterprises Going Global SHANGHAI, CHINA – Media OutReach Newswire – 23 July 2025 – XTransfer, the World’s Leading & China’s No.1 B2B Cross-Border Trade Payment Platform, announces that its global enterprise customer base has exceeded 700,000. This significant milestone highlights the platform’s remarkable achievements in supporting small and medium-sized enterprises (SMEs) to expand globally. As a global leader in the B2B cross-border trade payment sector, XTransfer is committed to providing SMEs with secure, convenient, and compliant one-stop cross-border financial solutions, enabling businesses to capitalise on the immense opportunities in emerging markets. Bill Deng, Founder and CEO of XTransfer, attends the 01VC CEO Summit 2025. Recently, Bill Deng, Founder and CEO of XTransfer, was invited to attend the 01VC CEO Summit 2025. During the roundtable discussion focused on new dynamics in cross-border trade, Bill highlighted, “Today, for every 100 RMB in Chinese exports, 2 RMB are settled through XTransfer, and one-tenth of SME foreign trade enterprises have registered on our platform. With access to firsthand data insights, we are uniquely positioned to capture shifts in global trade flows.” Digitalisation Driving New Integration: Enterprises Must Seize Opportunities in Emerging Markets In recent years, tariff wars and trade frictions have forced Chinese export enterprises to review their global market strategies. Bill explained, “Digitalisation is accelerating the redistribution of global trade. While the share of the U.S. market declines, emerging markets in Southeast Asia and Africa are rapidly absorbing this growth. Markets in Africa, Southeast Asia, and Latin America are becoming the “blue ocean” for Chinese enterprises expanding globally.” Data from our platform shows that over 70% of all clients on the XTransfer platform in the first half of 2025 exported to Asia, Africa, or Latin America. Additionally, the proportion of payments received from Asia, Africa, and Latin America increased by 100% compared to the same period in the previous year. XTransfer hosts the largest nationwide foreign trade conference in China every year, the TradeVision Summit, which is attended by over 3,000 foreign trade business owners and has more than 2 million online participants. “For the past three years, the primary theme of this conference has been how to discover emerging markets beyond the United States. The opportunities in these markets are enormous, and by establishing a presence now, companies will enjoy a first-mover advantage over the next decade,” Bill shared. Bill further remarked, “After COVID, we observed a rapid improvement in global digitalisation levels. Therefore, I believe the global opportunities for China’s industrial chains will become even more substantial. Businesses must go global, particularly by focusing on less developed countries, to capture the new dividends brought by digital integration. This is why we fully support our clients in accelerating their diversification into multiple markets.” XTransfer to Continue Upgrading Its Digital Platform and Building a Global Localised Service Network XTransfer will continue to enhance its digital capabilities and actively promote the establishment of a globally localised service network to assist SMEs in securely, conveniently, and compliantly exploring overseas markets. XTransfer is committed to providing enterprises with one-stop cross-border financial solutions to improve global operational efficiency and risk resilience. Hashtag: #XTransfer #Crossborder #Payment #SMEs #EmergingMarkets 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.

Media OutReach

X.me Foundation Empowers Global Expansion of the X.me Social Media Platform

SINGAPORE – Media OutReach Newswire – 23 July 2025 – X.me (https://x.me) is a social media platform where users can freely express themselves, share content, engage, and interact while earning rewards from the platform. More than just a social media platform, X.me is an innovative ecosystem offering a secure, compliant, and open experience for global users. As of June 2025, the X.me Foundation has established 100 million dollars dedicated fund with the mission of “building a borderless social ecosystem.” The fund focuses on three key areas—market expansion, technological innovation, and compliance development—to drive rapid user growth for the X.me platform in major global markets, particularly in Europe, the Americas, and Asia. According to global media reports, X.me’s “Gold Miner Treasure Hunt” campaign attracted over 1 million participants from more than 36 countries within just four hours of the launched. This initiative has injected significant momentum into X.me’s rapid expansion, serving as a key driver for global strategy. Financial Support: Regional Market Incentive Programs The X.me Foundation has tailored differentiated funding strategies to suit the unique characteristics of various regional markets. The Foundation has established an “Ecosystem Innovation Fund” to launch localized support programs in markets such as Europe, the Americas, Japan, and South Korea. These programs focus on nurturing X.me’s “Genesis Ambassadors,” fostering a vibrant content ecosystem, and promoting global user growth and platform ecosystem development. Compliance and Regulatory Collaboration On the compliance front, the Foundation has assembled a dedicated team of 120 international lawyers to pursue service provider licenses in regions such as the United States and the European Union, striving to become one of the social media platforms compliant with multinational regulations. To address regional regulatory differences, the Foundation has developed “Compliance Risk Control System.” For example, in South Korea, the system filters content related to virtual asset transactions, while in Southeast Asia, it integrates with local central banks’ anti-money laundering mechanisms to ensure compliant operations globally. Hashtag: #X.me The issuer is solely responsible for the content of this announcement. X.me AI-powered Web3 media platform. Website: X.ME Adress:21 WOODLANDS CLOSE #04-27 PRIMZ BIZHUB SINGAPORE (737854) Organization: XME TECH SERVICES PTE. LTD.

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