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GAC AION Unveils the Aion V: Redefining Electric Mobility with Advanced Technology and Design

SINGAPORE – Media OutReach Newswire – 28 February 2025 – GAC AION, the electric vehicle division of VINCAR Group, is pleased to announce the launch of the Aion V electric SUV. This new model introduces advanced features and a sustainable design, setting new benchmarks in the electric vehicle market. Exterior View of Aion V Product Highlights The AION V offers a WLTP range of 485km per charge, making it the longest-range option in Category A. It features 3C fast charging technology, allowing up to 300 km of range to be recharged in 15 minutes, the fastest charging EV in its category. Designed for comfort, it includes a spacious interior with 180-degree lie-flat front seats and massage seats, a first in its category. Design and Luxury The Aion V electric SUV features a T-Rex Cyber Design with geometric shapes and full LED headlights, available in eight colour options. The interior is designed for comfort and convenience, incorporating soft-touch materials, premium leather seating, and front seats with memory, massage, heating, and ventilation functions. Additional features include a smart multi-function refrigerator, a panoramic glass roof, and a 9-speaker premium sound system with noise-reducing cabin materials to enhance the driving experience. Innovative Technology Equipped with the Snapdragon 8155P processor and AEP 3.0 platform, the Aion V smart car is designed for efficient performance and responsive operation. It includes L2 intelligent driver assistance and intelligent navigation with charging station search capabilities for enhanced safety and convenience. Future models are set to be upgraded to L2+, incorporating automatic parking and highway drive assist. The vehicle also supports voice control, CarPlay, and Android Auto for seamless connectivity. Safety and Performance The Aion V electric SUV is built with a high-strength body, utilising 72% lightweight materials and Magazine Battery 2.0 technology, designed to meet EURO NCAP’s 5-star safety standards. The battery has undergone extensive testing, demonstrating stability under various conditions. Safety features include a centre airbag, extended airbag curtain, blind-spot monitoring, and a 360-degree camera system, providing enhanced driver awareness and occupant protection. Sustainable Impact Aligned with sustainable transportation goals, the Aion V electric SUV operates under a zero-emissions design, reducing pollution and improving energy efficiency. Its 18-in-1 Integrated Power Unit achieves 17.2 kWh/100 km energy consumption, while Silicon Carbide Technology optimises power usage and extends driving range. The Lithium Iron Phosphate (LFP) battery enhances safety, sustainability, and longevity, supporting the brand’s commitment to energy-efficient electric mobility. “Our new Aion V model epitomises GAC AION’s commitment to pushing the boundaries of what electric vehicles can offer. We are not just selling cars; we’re paving the way for a cleaner, more sustainable future where electric mobility is accessible to everyone,” shared Ernest Tan, Deputy CEO, VINCAR Group. Market Availability The Aion V electric SUV will be available for purchase on 26 February 2025, exclusively through the authorised dealer GAC AION and VINCAR Group. It is priced at $174,988, with a launch discount of $6,000, bringing the effective price to $168,988. The price is valid until March 5, 2025, at 12 PM, and includes a COE rebate of $87,000 under the Non-Guaranteed 8 Bids scheme. For more details or to book a test drive, visit the Aion V website. Hashtag: #GACAION https://aionev.com.sg/https://www.facebook.com/aion.sg/https://www.instagram.com/aion.sg/# The issuer is solely responsible for the content of this announcement. About GAC AION GAC AION is dedicated to advancing electric mobility, prioritising accessibility, transparency, and reliability. The company’s mission is to make electric vehicle ownership achievable for all, underpinned by a steadfast commitment to innovation and quality. About VINCAR Group VINCAR Group is a leading multi-brand car dealer and importer in Singapore, focused on innovation and customer experience. They offer in-house financing, leasing, insurance, and after-sales services, prioritising a customer-centric approach. Committed to value and quality, VINCAR Group provides competitive pricing and a diverse vehicle selection, ensuring reliability through their rigorous vetting process.

News

Genting names Tan Kong Han as new CEO

PETALING JAYA: Genting Bhd has appointed Tan Kong Han as its new CEO, effective March 1, 2025, succeeding Lim Kok Thay, who has led the company for nearly two decades. In a statement today, the group announced that Tan, who has served as president, COO, and executive director for the past 18 years, will take on the CEO role while continuing his responsibilities as president and executive director. Genting also confirmed that Lim will remain executive chairman, acknowledging his instrumental role in transforming the group into a global conglomerate. “Under Lim’s leadership, Genting and its subsidiaries have grown from their Malaysian roots into a multinational powerhouse, with operations spanning leisure and hospitality, oil palm plantations, power generation, oil and gas, property development, as well as investments in life sciences and biotechnology,” the statement read. Lim congratulated Tan on his new appointment, recognizing his contributions and expressing confidence in his leadership. “Tan joined Genting in 2007 as president and COO, became a director in 2020, and is now stepping into the CEO position as part of a multi-year succession plan,” Lim said.

News

RHB Bank pays out highest annual dividend after record 4Q and FY2024 earnings

KUALA LUMPUR (Feb 27): RHB Bank Bhd (KL:RHBBANK) posted a 42.45% increase in net profit for the final quarter of last year, driven by higher net interest income and lower allowances for credit losses. Net profit at Malaysia’s fourth-largest lender by assets for the three months ended Dec 31, 2024 (4QFY2024) was RM834.54 million, versus RM585.91 million in 4QFY2023, according to a bourse filing. Earnings per share rose to 19.14 sen from 13.67 sen previously. The bank declared a second interim dividend of 28 sen per share for FY2024, bringing the total dividend payout for the full year to 43 sen per share — its highest ever for a financial year. The group had been paying a 40 sen per share dividend for three consecutive years since FY2021. Quarterly revenue rose to RM4.58 billion from nearly RM4.4 billion. Net interest income rose 10.39% year-on-year (y-o-y) to RM957.18 million from RM867.22 million, while non-interest income declined by 36.15% to RM397.87 million from RM623.22 million. Income from Islamic banking operations jumped 60.37% y-o-y to RM855.60 million from RM533.60 million a year ago. The bank’s allowances for credit losses on financial assets dropped 67.93% y-o-y to RM73.76 million, compared with RM230.12 million in 4QFY2023. Its net interest margin — a measure of profitability from interest charged on loans after paying returns on deposits — expanded y-o-y by four basis points to 1.86%, thanks to the bank’s liability management initiatives. For FY2024, net profit grew 11.16% to a record high of RM3.12 billion, compared with RM2.81 billion in FY2023. Net interest income for FY2024 was up 8.69% at RM3.87 billion from RM3.56 billion FY2023, as non-interest income jumped 38.77% to RM2.56 billion from RM1.84 billion. “As we look ahead, our new corporate strategy will focus on accelerating digital transformation and driving innovation to create seamless, customer-centric banking experiences,” RHB group managing director and group chief executive officer Datuk Mohd Rashid Mohamad said in a statement. “This strategic shift will ensure that RHB remains agile, competitive, and well-positioned to meet the evolving needs of our customers in a rapidly changing financial landscape,” he said. RHB also expects the banking sector to remain resilient in FY2025, supported by strong capital and liquidity positions, despite the uncertainties surrounding the US policy direction and geopolitical tensions. Deposits from customers rose 2.04% to RM250 billion, with current-account-savings-account (Casa) making up 27.6% of total deposits. Gross loans grew 6.9% y-o-y to RM238 billion, supported by a growth of 6.5% in community banking, 8.9% in wholesale banking and 8.3% in its Singapore segment. Gross impaired loans ratio improved to 1.47% from 1.74% in FY2023, largely due to the resolution of distressed corporate borrowers. Loan loss coverage ratio rose to 115.5% and up to 78.6% without regulatory reserves. RHB’s common equity Tier 1 capital — a measure of a bank’s capital strength based on the highest quality of regulatory capital — stood at 16.4%, with the total capital ratio at 19%. At the midday break on Thursday, RHB shares were up four sen or 0.6% at RM6.68, valuing the group at RM29.12 billion.–THE EDGE 

News

Singapore’s Kwek Dynasty Plunges into Crisis Amid Boardroom Coup Allegations

SINGAPORE: A high-stakes family feud, allegations of corporate governance failures, and a legal battle between a billionaire patriarch and his son—by the standards of Asia’s often dramatic succession sagas, the turmoil at Singapore’s Kwek dynasty is extraordinary. City Developments Ltd (CDL), the financial hub’s largest listed developer, was thrown into chaos today as its billionaire chairman, Kwek Leng Beng, 84, accused his son, Sherman Kwek, the firm’s CEO, of orchestrating a boardroom coup. The elder Kwek and CDL have since filed a lawsuit against Sherman. At stake is control over a significant portion of the family’s US$18 billion empire, which spans real estate, hospitality, and finance. The dispute has stunned corporate circles in a region well-versed in succession battles that frequently spill into the public domain—and sometimes, the courtroom. A Dynasty in Turmoil The Kwek family is no stranger to the complexities of generational succession. Their fortune traces back to Kwek Hong Png, a Chinese immigrant who built the Hong Leong Group into a powerhouse spanning multiple industries. Over six decades, Leng Beng expanded the empire, transforming CDL and developing Millennium & Copthorne Hotels into Singapore’s largest international hotel chain. However, the company’s fortunes have waned. CDL’s market value now stands at just a third of its 2007 peak, around S$4.6 billion (US$3.43 billion). This decline has only fueled tensions between father and son. When Sherman Kwek, 49, took over as CEO in 2018, it appeared the family had orchestrated a smooth transition—avoiding the bitter infighting that has plagued other dynastic businesses. But his tenure soon became mired in controversy. A Costly Bet on China Sherman spearheaded a 2019 investment in China’s Sincere Property Group, a deal once hailed as “game-changing.” Instead, it turned disastrous. China’s property market crash left CDL nursing a near-total write-off of its billion-dollar investment. The fallout was severe. In 2020, CDL posted a staggering S$1.9 billion loss, with the pandemic further compounding financial pressures. Travel restrictions crippled its hotel division, and what Kwek Leng Beng described as “poor investment decisions in the UK property market” only deepened the crisis. As CDL’s stock continued to underperform its peers, internal fractures within the family surfaced. In 2020, Kwek Leng Peck—another influential family member—resigned from the board, citing his opposition to Sherman’s China investment. The Breaking Point The tensions escalated earlier this month when the elder Kwek sought to remove his son as CEO, citing “serious lapses in corporate governance.” He accused Sherman of bypassing the usual nomination process to appoint two new directors to the board, a move he claims was an attempt to consolidate power. In response, CDL’s board split into factions, culminating in a lawsuit filed against Sherman and six other directors. Kwek Leng Beng declared the legal action necessary “to set things right,” stating: “The reckless actions of a faction seeking to consolidate unchecked control not only undermine CDL’s governance but also put at risk the very legacy we have built over decades.” Sherman fired back, calling the lawsuit “extreme” and expressing his disappointment over his father’s actions. Despite the turmoil, he remains CEO unless formally removed by board resolution. A Family Battle with No Clear End Corporate governance experts warn that family feuds like this one are rarely resolved quickly. “Generational succession is always tricky, but even more so when businesses face headwinds and the previous generation retains power,” said Marleen Dieleman, professor at IMD Business School in Singapore. As CDL grapples with this internal crisis, the financial world watches closely. With legal battles looming and power struggles intensifying, the once-stable Kwek dynasty now faces one of its most uncertain chapters.

News

KNM to sell crown jewel to Japanese buyer for RM1.2b

LOSS-MAKING KNM Group Bhd has secured a Japanese buyer for its German-based crown jewel Borsig GmbH for €270 million (RM1.245 billion), paving the way for it to deleverage its debt and restart its Malaysian operations. The proposed deal, classified as a major disposal under listing requirements, would require the nod of at least 75% of its shareholders. In an exchange filing today (Feb 27), KNM said  its wholly-owned subsidiary, KNM Process Systems Sdn Bhd (KNMPS) has entered into a conditional sale, purchase and transfer agreement with Japan-based NGK Insulators Ltd for the proposed disposal of its 100% equity interest in Deutsche KNM GmbH, the parent of Borsig. The move would end earlier attempts to float Borsig via an initial public offering (IPO). “This is a fantastic deal, with pricing you cannot get with an IPO,” a person close to the deal told The Malaysian Reserve. October 2023, the debt-laden group saw an intense shareholder tussle for control. A group led by Johor princess Tunku Kamariah Aminah Maimunah lskandariah Sultan Iskandar and German billionaire Andreas Heeschen tried in vain to oust the entire existing KNM board led by its chairman Tunku Yaacob Khyra. Tunku Kamariah is the eldest sister of the present King of Malaysia. Following the proposed disposal, KNM said it will concentrate its efforts on its core business in process equipment manufacturing, which currently operates through KNMPS. The company said it plans to expand its operations in Malaysia, leveraging its established expertise in designing and manufacturing process equipment for the oil & gas (O&G), petrochemical, and fertilizer industries. KNMPS operates two fabrication plants located in Gebeng, Pahang and Tanjong Minyak, Melaka, with a combined floor space of approximately 24,000 square metres. In 2023, its Malaysian operations contributed RM63.21 million in revenue to the group. “We believe that focusing on our fabrication of processing equipment business will drive long term value for our stakeholders,” KNM group CEO Ravindrasingham Balasingham said in a statement. The German incorporated DKNM, which wholly-owned Borsig and its subsidiaries, is principally engaged in the manufacturing of process equipment mainly used in the petrochemicals as well as O&G industries. On its part, NGK is a global leader in ceramic technology, primarily engaged in the manufacture and sale of electrical insulators, advanced energy storage systems, industrial ceramic products, and electronic parts. NGK’s product range includes ceramic catalyst carriers for exhaust gas purification, gas analysers, and heaters and electrostatic devices used in semiconductor manufacturing processes. On the proposed deal, KNM said it is being undertaken to unlock the value of the DKNM Group, in order to deleverage the debt position of KNM Group and to provide KNM Group with greater cash flow flexibility to regularise its condition moving forward. As at Sept 30, 2024, KNM’s total borrowings was about RM1.27 billion with a gearing ratio of 3.94 times. On Oct 31, 2022, KNM announced on Bursa Securities that it had been classified as a PN17 Issuer.–THE MALAYSIAN RESERVE    

Media OutReach

Tineco Unveils Two Revolutionary Floor Washers with Super New Arrival Promotion Starting from February 28th

Tineco launches two new floor washers: Floor One S9 Artist and Floor One Switch S7 Stretch Promotion available from February 28th to March 28th, 2025, with attractive gift-with-purchase and more! These innovative floor washers combine cutting-edge technology, energy efficiency, and sleek design for a superior cleaning experience SINGAPORE – Media OutReach Newswire – 28 February 2025 – In response to the common challenges faced by homeowners—such as stubborn odours, tangled hair, and the inconvenience of using multiple cleaning tools—Tineco has unveiled its latest innovations: the Floor One S9 Artist and Floor One Switch S7 Stretch. These next-generation floor washers offer exceptional flexibility, powerful deep-cleaning performance, and an enhanced user experience, designed to meet the needs of today’s modern households. FLOOR ONE S9 ARTIST: ADVANCED 360° CLEANING WITH HYPER STRETCH TECH AND SELF-CLEANING INNOVATION The Floor One S9 Artist offers an advanced solution for modern homes. Featuring the 360° SmoothDrive Technology, it reduces handholding effort by 50%* through flexible left-right movement and a 90° Swivel Design, which adjusts the speed of the left and right wheels in real-time. In addition, the transmission of signals to the AI chip enables intelligent matching, ensuring smooth forward pushing, backward pulling, and effortless steering. Additionally, the Floor One S9 Artist incorporates Hyper Stretch Technology, featuring a slim 12.85 cm flat height, which allows easy access under furniture to effectively remove hidden dust and ensure no corner is left untouched. With exceptional cleaning performance, the Floor One S9 Artist features a Dual-Block Anti-Tangle Design that efficiently handles both pet and human hair without tangling. The MHCBS (Maintain Hygiene Clean Brush System) continuously rinses the brush with fresh water, while a squeegee presses against the roller brush to scrape off dirt and immediately sucks the dirty water into the wastewater tank. Additionally, the Flashdry Self-Cleaning System enhances cleaning efficiency by using 85°C hot air to heat fresh water, dissolving stains from the pipe to the brush roller for a deeper, more thorough self-cleaning result. Upgrades were also made to enhance user experience, such as the Backtrack Water Erasure function that eliminates water streaks, and the Repositioned Clean Water Tank that enhances cleaning efficiency with reduced weight for effortless operation. The optional Electrolyzed Water feature delivers a superior cleaning experience, making the Floor One S9 Artist a versatile and user-friendly floor care solution. FLOOR ONE SWITCH S7 STRETCH: THE 5-IN-1 CLEANING REVOLUTION FOR EFFORTLESS FLOOR CARE The Floor One Switch S7 Stretch is a 5-in-1 cleaning tool, combining floor washing, vacuuming, crevice cleaning, soft surface care, and high-reach dusting into one compact device. Designed to replace traditional vacuums, it effortlessly handles wet and dry messes, including oily stains and hard-to-clean debris. The Floor One Switch S7 Stretch revolutionizes floor cleaning with its advanced washing capabilities. With 22KPa of suction power, it effortlessly lifts dirt, debris, and hair, ensuring a deep and thorough clean every time. Like the Floor One S9 Artist, it features the MHCBS, which rinses the brush with fresh water 450 times per minute to guarantee spotless floors. The 180° lay-flat design and HyperStretch Technology allow it to clean under furniture and reach tight spaces as low as 13cm. Its Dual-Block Anti-Tangle Design prevents hair tangles, while dual-sided edge cleaning ensures no corner is left untouched. The FlashDry Self-Cleaning System utilizes fresh water heated to 85°C, combined with hot air, to dissolve stains and dry the brush in just 5 minutes, keeping it fresh and odour-free. The Floor One Switch S7 Stretch also excels as a powerful vacuum cleaner. With its 5-stage filtration system which captures 99.97% of dust and debris as small as 0.3μm. Meanwhile, the ZeroTangle Brush effortlessly picks up hair without wrapping, and an LED headlight illuminates hard-to-reach areas, making cleaning under furniture effortless. The vacuum mode offers up to 70 minutes of runtime, powered by upgraded pouch cells that triple battery lifespan. Images available in the media kit here. AVAILABILITY & LAUNCH PROMOTIONS Device Availability Launch Promotions T&Cs apply, while stocks last Floor One S9 Artist Available now on Shopee, Lazada, TikTok Shop and Mass Retailers Free Tineco iCarpet Spot Cleaner (worth S$379) + 6 bottles of cleaning solution Floor One Switch S7 Stretch Available now on Shopee, Lazada, TikTok Shop and Mass Retailers Free Tineco iCarpet Spot Cleaner (worth S$379) + 6 bottles of cleaning solution TINECO ROADSHOW AT PAVILION DAMANSARA HEIGHTS, KUALA LUMPUR Happening on March 5th, Tineco will celebrate the launch of these two floor washers with a roadshow at Pavilion Damansara Heights (Centre Court), where visitors can try out the superior cleaning experience for themselves, score special deals and win prizes. -END- Hashtag: #Tineco The issuer is solely responsible for the content of this announcement. About Tineco Founded in 1998, Tineco is a high-tech company and a wholly-owned subsidiary of ECOVACS Group (SHA: 603486). Dedicated to innovation, Tineco has consistently delivered smart home cleaning solutions that redefine convenience and efficiency. With the launch of the Floor One S9 Artist and Floor One Switch S7 Stretch, Tineco continues to lead the way in creating products that make everyday life easier and more enjoyable.

Media OutReach

Gorilla Technology Featured in Nasdaq Amplify Issuer Spotlight: Showcasing Global Expansion and AI-Driven Innovation

London, United Kingdom – Newsfile Corp. – February 27, 2025 – Gorilla Technology Group Inc. (NASDAQ: GRRR) (“Gorilla” or the “Company”) today announced that its Chief Executive Officer, Jay Chandan, was recently featured in the Nasdaq Amplify Issuer Spotlight interview series at the Nasdaq MarketSite in Times Square. Watch the full interview with Gorilla CEO Jay Chandan on Gorilla’s investor relations website here. To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/10783/242631_066cc868f469bbf3_001full.jpg During the interview, Chandan shared insights into Gorilla Technology’s role in building smart cities, enhancing security, and fostering sustainability through AI-powered solutions. He emphasized the Company’s unique consultative approach, working closely with governments and organizations to deliver tailored AI-based cybersecurity and data-driven technologies that address real-world challenges. “We built a platform which is unbeatable,” said Chandan. “We’re not just selling a product-we’re providing a consultative approach that ensures long-term impact. Our success stems from our ability to listen to our customers, understand their pain points, and deliver AI-driven solutions tailored to their needs.” The Nasdaq Amplify Issuer Spotlight series highlights innovative small-cap companies navigating dynamic industry landscapes and emerging as leaders in their respective fields. Watch the full interview with Gorilla CEO Jay Chandan on Gorilla’s investor relations website here. About Gorilla Technology Group Inc. Headquartered in London U.K., Gorilla is a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence and IoT technology. We provide a wide range of solutions, including, Smart City, Network, Video, Security Convergence and IoT, across select verticals of Government & Public Services, Manufacturing, Telecom, Retail, Transportation & Logistics, Healthcare and Education, by using AI and Deep Learning Technologies. Our expertise lies in revolutionizing urban operations, bolstering security and enhancing resilience. We deliver pioneering products that harness the power of AI in intelligent video surveillance, facial recognition, license plate recognition, edge computing, post-event analytics and advanced cybersecurity technologies. By integrating these AI-driven technologies, we empower Smart Cities to enhance efficiency, safety and cybersecurity measures, ultimately improving the quality of life for residents. For more information, please visit our website: Gorilla-Technology.com. Forward-Looking Statements This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Gorilla’s actual results may differ from its expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “might” and “continues,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, statements regarding our beliefs about our ability to execute definitive agreements related to this smart education project, attract the attention of customers and win additional projects, along with those other risks described under the heading “Risk Factors” in the Form 20-F Gorilla filed with the Securities and Exchange Commission (the “SEC”) on May 15, 2024 and those that are included in any of Gorilla’s future filings with the SEC. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results. Most of these factors are outside of the control of Gorilla and are difficult to predict. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Gorilla undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable regulation. Contact: Dave Gentry, CEO RedChip Companies, Inc. 1-407-644-4256 [email protected] The issuer is solely responsible for the content of this announcement. About Gorilla Technology Group Inc.

Media OutReach

Captiva Verde and Matnaggewinu Development Corp (MDC) Welcome Brandon Schilling to Aviation and Military Advisory Board

Vancouver, British Columbia – Newsfile Corp. – February 27, 2025 – Captiva Verde (CSE: PWR) (OTC Pink: CPIVF) and Matnaggewinu Development Corp (MDC), a Mi’kmaq-owned joint venture partner of Captiva Verde, are pleased to announce the appointment of Brandon Schilling to the Aviation and Military Advisory Board. Brandon brings an impressive background in aerospace, defense, space systems, Foreign Military Sales (FMS), and Maintenance, Repair, and Overhaul (MRO) industries, further strengthening MDC’s efforts to expand into these rapidly growing markets. Captiva Verde is a publicly traded company listed on the Canadian Securities Exchange (CSE) under the symbol PWR and the US OTC Market under the symbol CPIVF Brandon Schilling’s Experience and Expertise Brandon Schilling is a career professional with extensive experience across the aerospace, defense, space systems, FMS, and MRO industries. Throughout his career, he has demonstrated exceptional leadership and expertise in business development, aviation sales, and strategic market growth. He has led and overseen the development and growth of profitable new aircraft sales, managing deal sizes ranging from $3.5 million to $700 million. Brandon has cultivated key relationships with in-country sales agents, embassy personnel, and high-ranking foreign military commanders and generals. His efforts ensured business growth by aligning business development activities with organizational strategies. While at MD Helicopters, he identified and developed new commercial and military customers for MD products, including 500, 600, and 902 class helicopters. He developed market intelligence to focus business development efforts and created multi-year sales forecasts to meet annual operating plans. In the space sector, Brandon worked with leading organizations such as NASA, NSPO, SpaceX, JPL, USAF, United Launch Alliance, and Astrobotics. He negotiated and contracted lunar payloads for NASA’s CLPS program aboard the Masten lunar lander. He conducted research and analysis on U.S. and international civil space markets, industry trends, policy developments, and competitive landscapes, supporting business development processes and strategic decision-making. Brandon has also excelled in managing contracts and sales across global aviation and aerospace sectors. At Able Aerospace, he maintained and managed over 120 worldwide aviation contracts, including with major rotor wing OEMs and APAC airlines such as Bell, Leonardo Agusta Westland, Asiana Airlines, and Korean Airlines. He successfully grew a client’s business by 440% from 2019 to 2020. His expertise includes responding to customer RFPs/RFQs, negotiating long-term agreements (LTAs), and leading multi-disciplinary teams for business capture and proposal efforts. MDC Aviation Mission Statement At MDC Aviation, our mission is to empower Mi’kma’ki’s economic resurgence by leveraging our expertise in aviation and military equipment advisory and sales. We are dedicated to serving as a dynamic platform that champions Indigenous innovation and leadership in the aerospace and defense sectors. Through strategic procurement and targeted set-aside programs, we aim to drive sustainable growth, foster robust partnerships, and ensure our community competes on a global scale while honoring our rich cultural heritage. Our Story Founded by Nowlen Augustine, a proud Mi’kmaq and former US Marine, driven by a commitment to excellence and service, MDC Aviation was born from a vision of economic revitalization in Mi’kma’ki. Rooted in the enduring spirit and traditions of our people, MDC Aviation is more than a business-it is a transformative platform that bridges Indigenous heritage with advanced aviation and military capabilities. Drawing on Nowlen’s invaluable military experience and leadership, we offer cutting-edge advisory services and access to state-of-the-art military and aviation equipment. By leveraging strategic procurement and set-aside initiatives, we pave the way for enhanced Indigenous participation and leadership in a competitive global landscape. At MDC Aviation, our mission is to empower our communities, foster sustainable growth, and honor our proud legacy while driving progress in the aerospace and defense sectors. A Growing Market and Unprecedented Opportunity The aerospace, defense, and space system markets present significant growth potential for Indigenous-owned businesses. These industries are driven by increased government spending, technological advancements, and the expanding role of private sector companies. The Canadian government has recognized the essential role that Indigenous businesses play in driving economic growth, innovation, and community empowerment. By incorporating Indigenous businesses into its procurement processes, the Canadian government is creating an ideal environment for companies like MDC to thrive in the following key markets: Aerospace Industry: Global Market Size: The civil aviation market is projected to reach $1.2 trillion by 2027, growing at a compound annual growth rate (CAGR) of 4.5%. MRO Services: Maintenance, Repair, and Overhaul (MRO) services for commercial aviation alone are expected to exceed $90 billion annually by 2027, driven by the demand for fleet expansion and maintenance. Defense Industry: Global Defense Spending: The global defense market is valued at over $2 trillion, with U.S. defense spending surpassing $800 billion annually. Canadian Defense Budget: Canada is significantly increasing its defense spending, with $35 billion earmarked for modernizing military platforms, creating procurement opportunities for companies like MDC. Foreign Military Sales (FMS): The U.S. FMS program consistently exceeds $50 billion annually, providing defense systems to allied nations and opening new markets for Indigenous businesses. Space Systems: The Global Space Economy is projected to grow from $500 billion in 2024 to $1 trillion by 2040, driven by investments in satellite technology, space exploration, and defense applications. The U.S. Space Force and the Canadian Space Agency (CSA) are key players in developing military satellite systems and space-based surveillance. Positioning for Success Matnaggewinu Development Corp’s entry into aerospace, defense, and space systems markets aligns with this growing demand and government initiatives to include more Indigenous businesses in procurement processes. Brandon Schilling’s expertise will help position MDC as a key player in these sectors, leveraging Indigenous procurement programs and set-aside opportunities in Canada and the U.S. Captiva Verde and MDC remain committed to building partnerships and exploring innovative solutions in these high-growth industries while fostering economic empowerment for Mi’kmaq communities. About Matnaggewinu Development Corp (MDC) Matnaggewinu Development Corp is a Mi’kmaq-owned joint venture focused on innovation and growth in the aerospace, defense, and space systems sectors. With a mission to create sustainable business opportunities and promote Indigenous leadership in high-tech industries, MDC leverages strategic partnerships and government procurement programs to

Media OutReach

Ne Zha 2 Dominates Hong Kong Box Office for Four Straight Days, Crowned 2025’s Top Film

SHANGHAI, CHINA – Media OutReach Newswire – 27 February 2025 – Chinese animated blockbuster Ne Zha 2 has taken Hong Kong by storm, topping the city’s box office charts for four consecutive days since its release. As of now, its cumulative earnings in Hong Kong have surpassed $2.07 million, securing its position as 2025’s highest-grossing film in the region. The premiere of the Chinese animated blockbuster “Ne Zha 2” was held in Hong Kong on February 18. The sequel to the 2019 hit “Ne Zha” premiered in Hong Kong on February 18 and hit the theaters on February 22, drawing enthusiastic crowds and critical acclaim. The film reimagines the mythical tale of Ne Zha—a divine warrior from Chinese folklore—with modern storytelling and cutting-edge animation, captivating audiences across the Chinese mainland since its Lunar New Year debut. The Hong Kong premiere at Causeway Bay drew a star-studded crowd, including representatives from its Hong Kong and Macau distribution teams, local cultural figures, and residents. Industry professionals praised the film’s technical brilliance and narrative depth, with many cinemas, such as Kowloon Tong’s Festival Grand Cinema, scheduling near hourly screenings to meet demand. The billboards in Hong Kong cinemas promoting the release of “Ne Zha 2” on February 22.) Two Hong Kong moviegoers shared their excitement after attending early screenings. One resident remarked, “I don’t usually watch adult-oriented animated films, but this one is definitely worth watching. Chinese animation can now rival, or even surpass, foreign productions.” Another added, “Chinese animation keeps improving. Compared to films six years ago, the artwork is more beautiful, the visuals more vibrant, and the storytelling completely unexpected.” LO Shuk-pui, Director of the Hong Kong SAR Government’s Culture, Sports, and Tourism Bureau, highlighted the film’s collaborative effort, stating, “The script is exceptionally well-written, with sharp dialogue and rich character development. I heard 138 companies worked on this project over five years—the dedication and technical excellence are evident.” WONG Bak-ming, Chairman of Hong Kong’s Oriental Film Company, emphasized its cultural significance, noting that Ne Zha series has successfully brought traditional Chinese stories to the global stage. It proves Chinese animation can achieve world-class results, and they’re proud to contribute to this milestone. Globally, Ne Zha 2 has grossed over $1.698 billion as of February 18, surpassing “Inside Out 2” to become the highest-grossing animated film in history and entering the top eight of the all-time global box office chart. Due to its sustained popularity, the film’s screening period in Chinese mainland has been extended to March 30. From its mythological roots to its record-breaking success, Ne Zha 2 continues to redefine the possibilities of Chinese animation, bridging cultural heritage with global appeal. Hashtag: #ShanghaiEye The issuer is solely responsible for the content of this announcement.

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Medicus Pharma Ltd Announces Submission of Phase 2 Clinical Design (SKNJCT-004) to UAE Department of Health (DOH) to Non-Invasively Treat Basal Cell Carcinoma of the Skin (BCC)

The Clinical Study is Expected to Randomize 36 Participants in Cleveland Clinic Abu Dhabi (CCAD) and Three Other Clinical Sites in UAE Philadelphia, Pennsylvania – Newsfile Corp. – February 27, 2025 – Medicus Pharma Ltd. (NASDAQ: MDCX) (“Medicus” or the “Company”) is pleased to announce that it has submitted a clinical design (SKNJCT-004) to UAE DOH to non-invasively treat BCC of the skin. The study is expected to randomize thirty-six (36) patients in four sites in UAE, which are Cleveland Clinic Abu Dhabi (CCAD), Sheikh Shakbout Medical City (SSMC), Burjeel Medical City (BMC), and American Hospital of Dubai (AHD). Insights Research Organization and Solutions (IROS), a UAE-based contract research organization, is coordinating the clinical study for the Company. IROS is a M42 portfolio company. Clinical Trial Design (SKNJCT-004) The clinical study, SKNJCT-004, is designed to be a randomized, double-blind, placebo-controlled (P-MNA), multi-center study enrolling up to 36 subjects presenting with BCC of the skin. The study will evaluate the efficacy of two dose levels of D-MNA compared to a placebo control. The participants will be randomized 1:1:1 to one of three groups: a placebo-controlled group receiving P-MNA, a low-dose group receiving 100μg of D-MNA, and a high-dose group receiving 200μg of D-MNA. The high-dose, 200μg D-MNA, proposed in the study is the maximum dose that was used in the Company’s Phase 1 safety and tolerability study (SKNJCT-001) completed in March 2021. SKNJCT-001 met its primary objective of safety and tolerability. The investigational product, D-MNA, was well tolerated across all dose levels in all 13 participants enrolled in the study, with no dose-limiting toxicities (DLTs), or serious adverse events (SAEs). Furthermore, there were no systemic effects or clinically significant abnormal findings in laboratory parameters, vital signs, ECGs, and physical examinations. The study also describes the efficacy of the investigational product, D-MNA, with 6 participants experiencing complete responses. The complete response is defined as the disappearance of BCC histologically in the final excision at the end of study visit. The participants profile demonstrating complete responses was diverse, and all participants (6/6) had nodular subtype of BCC. The Company also has SKNJCT-003 Phase 2 clinical study currently underway in 9 clinical sites in the United States, which is expected to randomize 60 patients. The patient recruitment in this study, which began in August 2024, has now randomized more than 50% of the 60 patients expected to be enrolled in the study. The Company is on track to complete an interim data analysis of SKNJCT-003 before the end of Q1 2025 and to submit its findings to the United States Food and Drug Administration (FDA) as part of a package seeking a Type C meeting with the FDA in Q2 2025. The purpose of the Type C meeting is to formally discuss the product development and gain further alignment on the clinical pathway. The Company’s aim is to gain FDA’s consent to fast-track the clinical development program. “We are making substantial progress in expanding the clinical development program of our novel non-invasive treatment to cure the most common cancer in the world, beyond the shores of United States, stated Dr. Raza Bokhari, Executive Chairman & CEO. “UAE is rapidly emerging as a significant hub for Pharmaceutical R&D, driven by strategic investments, public-private partnerships and a commitment to innovation. A clinical study in the middle east will help us gather useful efficacy and safety data. It will also help us strengthen our clinical development program, as we aspire to bring to market not only the first-in-class, but also the best-in-class, novel non-invasive treatment regimen for BCC”. For further information contact: Carolyn Bonner, President (610) 636-0184 [email protected] Jeremy Feffer LifeSci Advisors (212) 915-2568 [email protected] About Medicus Pharma Ltd: Medicus Pharma Ltd. (Nasdaq: MDCX) is a biotech/life sciences company focused on accelerating the clinical development programs of novel and disruptive therapeutics assets. SkinJect Inc. a wholly owned subsidiary of Medicus Pharma Ltd, is a development stage, life sciences company focused on commercializing novel, non-invasive treatment for basal cell skin cancer using patented dissolvable microneedle patch to deliver chemotherapeutic agent to eradicate tumors cells. The Company has completed a phase 1 safety & tolerability study (SKNJCT-001) in March of 2021, which met its primary objective of safety and tolerability; the study also describes the efficacy of the investigational product D-MNA, with six (6) participants experiencing complete response on histological examination of the resected lesion. The Company submitted a Phase 2 IND clinical protocol to the FDA in January 2024 for a randomized, controlled, double-blind, multicenter clinical study (SKNJCT-003) that is expected to randomize up to 60 patients. The study is designed to evaluate the efficacy of two dose of two dose levels (100 and 200 ug) of D-MNA compared to placebo (P-MNA) in subjects with nodular BCC. Patient recruitment is currently underway in nine sites across the United States. Cautionary Notice on Forward-Looking Statements Certain information in this news release constitutes “forward-looking information” under applicable securities laws. “Forward-looking information” is defined as disclosure regarding possible events, conditions or financial performance that is based on assumptions about future economic conditions and courses of action and includes, without limitation, statements regarding the Company’s plans and expectations concerning, and future outcomes relating to, the submission and advancement of the phase 2 clinical protocol, the randomization of patients and size of the study, the Company’s intention to complete and submit an interim data analysis to the FDA and to request a Type C meeting and the timing thereof, the Company’s aim to fast fast-track the clinical development program and convert the SKNJCT-003 exploratory clinical trial into a pivotal clinical trial, and approval from the FDA and the timing thereof. Forward-looking statements are often but not always, identified by the use of such terms as “may”, “on track”, “aim”, “might”, “will”, “will likely result”, “would”, “should”, “estimate”, “plan”, “project”, “forecast”, “intend”, “expect”, “anticipate”, “believe”, “seek”, “continue”, “target” or the negative and/or inverse of such terms or other similar expressions. These statements involve known and unknown risks, uncertainties and other factors, which may

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