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The Chinese and French children’s choirs have another musical rendezvous in Paris

WUZHISHAN, CHINA – Media OutReach Newswire – 14 May 2025 – May is a great season to experience the French romance. Nearly 20 members of the Wuzhishan Li & Miao Children’s Choir once again set off in central Hainan Island, China, for a cultural exchange in France. From May 8 to 10, the Wuzhishan Li & Miao Children’s Choir once again set off in central Hainan Island, China, for a cultural exchange in France. On the evening of May 9 (local time), nearly 300 guests lined up outside Café de la Danse, a theater in downtown Paris, to enjoy the show that highlighted the friendship between the two countries. When the Chinese and French versions of “Sing Wuzhishan to France” alternated, the performance reached its climax, and everyone could not help but clap along to the song. The event ended with “Auld Lang Syne.” Monica, a French audience member, expressed that she was highly impressed and thrilled about the people-to-people exchange. The repertoire was co-prepared by the Wuzhishan Li & Miao Children’s Choir, Le Choeur des Polysons, La Chorale Chin’harmonie, and Association Vent d’Orient Vent d’Occident. “Last May, we sang together to celebrate the 60 years of Sino-French diplomacy. Last October, Le Choeur des Polysons performed in Wuzhishan. Children bonded over music and gained a better understanding of each other’s cultures. Today, we reunited in Paris, and I am deeply touched.” Elisabeth Trigo, the head of the Le Choeur des Polysons, said. Another phenomenal scene was the collaboration between Huang Hailin and Matthieu Lecoq. Hailin is an inheritor of Hainan’s intangible cultural heritage, the nose flute, which is a bamboo instrument of the Li ethnic group. Matthieu is a musician of the Opéra de Paris who uses the flute to demonstrate his love of the history and mythology of Wuzhishan. He stated, “It is a tremendous pleasure working with her for the first time and finding synergy between Chinese and Western music.” This year marks the 50th anniversary of the establishment of diplomatic ties between China and the EU. The Publicity Department of the Wuzhishan Municipal Party Committee is one of the organizers of this visit event, the Wuzhishan Li & Miao Children’s Choir also visited the UNESCO headquarters, the Cinémathèque Française, and a primary school, not only observing the wonderful diversity of world heritage and experiencing France’s one-of-a-kind arts but also spreading excellent. Hainan is blessed with abundant natural and cultural resources and has unique potential in adding ‘Hainan Tropical Rainforest and the Traditional Settlement of Li Ethnic Group’ to the UNESCO Heritage List. We hope that Hainan can further integrate resources and strengthen systematic protection and innovative development of intangible cultural heritage, said Wang Ying, Deputy Delegate of the Chinese Permanent Delegation to UNESCO. The issuer is solely responsible for the content of this announcement.

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Johnson Electric Hosts 2025 Humanoid Roundtable to Explore Hardware Standards in Next-Generation Humanoid Robotics

Leaders from seven humanoid manufacturers convene with hardware experts to discuss the future of humanoid hardware standardization VANDALIA, OHIO – Media OutReach Newswire – 14 May 2025 – Johnson Electric, a global leader in motion systems, hosted the inaugural 2025 Humanoid Roundtable on April 29 in Boston, MA, USA. The event brought together C-suite and technical executives in small to large humanoid manufacturers located across North America, Europe, and China. Co-hosted by advanced technology experts, ESTAT Actuation, Netzer Precision, and IMSystems, the aim was to foster an open and informal discussion on the future of humanoid hardware standardization. Participants shared challenges, identified overlapping needs, and explored how shared standards might simplify integration and reduce costs. Top priorities included addressing recurring technical hurdles—such as motor-gearbox compatibility, connector reliability, and the lack of modular, off-the-shelf actuation systems. “We found our hypothesis to be largely correct; in future humanoid platforms, differentiation will increasingly come from AI, training data, and application learning systems,” said Adam Stienecker, Director of Global Innovation at Johnson Electric. That framing set the tone for a discussion that ranged from subsystem modularity to the broader need for scalable service infrastructure and commercialization strategies beyond the product itself. The challenges and priorities raised are now helping shape the focus of Johnson Electric’s follow-on event this September with A3, where the company will introduce its new joint solutions designed to reduce system cost and enable advanced functionality. “There was a clear willingness to define what standards could look like—and to keep the conversation going. We’re looking forward to building on that momentum in September with A3, as plans are finalized.” said Carlos Richardson, roundtable emcee and Business Designer at Johnson Electric. The 2025 Humanoid Roundtable is part of a broader industry effort to accelerate the path to scalable, serviceable, and commercially viable humanoid systems. For interest related to humanoid joint systems, to speak into standardization, or to learn more, please contact the Johnson Electric team at [email protected] Hashtag: #JohnsonElectric The issuer is solely responsible for the content of this announcement. About Johnson Electric The Johnson Electric Group is a global leader in electric motors, actuators, motion subsystems and related electro-mechanical components. It serves a broad range of industries including Automotive, Smart Metering, Medical Devices, Business Equipment, Home Automation, Ventilation, White Goods, Power Tools, Lawn & Garden Equipment, and Warehouse Automation. The Group is headquartered in Hong Kong and employs more than 30,000 individuals in over 20 countries worldwide. Johnson Electric Holdings Limited is listed on The Stock Exchange of Hong Kong Limited (Stock Code: 179). For more information, visit johnsonelectric.com. ********* This press release contains forward-looking statements that are subject to risks and uncertainties. Actual results may differ materially from those projected due to a variety of factors, including but not limited to technological challenges, market conditions, and regulatory developments.

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Bora Pharmaceuticals Exits Integration Phase with Sequentially-Improved Gross and Operating Margins

Positioned to Unlock M&A Value through U.S. Manufacturing Amidst Geopolitical Complexities and Specialty Portfolio HONG KONG SAR – Media OutReach Newswire – 14 May 2025 – Bora Pharmaceuticals (TWSE: 6472) today announced its financial results and operational highlights for first quarter of 2025. Quarterly Business and Financial Highlights Fueled by expanded capacity and new dosage forms, Bora’s CDMO business delivered a record high quarter, up 52.4% YoY and 3.0% QoQ. As part of Bora’s long-term strategic growth plan, the Company is moving forward with a phased investment of tens of thousands US dollars to unlock the untapped potential of Maple Grove facility. This build-out is designed to enhance capabilities in oral solid dose and sterile manufacturing, strengthening the ability to support customer demand and scale future programs. Pharma Sales revenues rose 82.0% YoY based on reported unaudited monthly sales, driven by strong performance from the vigabatrin franchise, which includes three dosage forms. Notably, VIGAFYDE captured over 70% share in the new patient segment. Due to the completion of Plymouth area decommissioning, consolidated revenues for 1Q25 was NT$4.48 billion, a NT$350 million reversal from the unaudited monthly disclosures, all of which was attributed to the pharma sales segment. Despite margin pressure from partial maintenance shutdowns at the Maryland sterile injectable site in early January and softening demand for generic product dexlansoprazole (DLS), product mix improvement from growing specialty portfolio lifted gross margin from the low of 4Q24 to 42.2% in 1Q25. Tech transfer for 6 Upsher-Smith generic products to cost-competitive sites within Bora network remains on track, with full transfer expected by year-end to support further margin recovery. EPS from continuing operations reached NT$26.54, reflecting NT$2.44 billion of net non-operating income from the divestment of Bora Biologics and recognition of losses of Tanvex Biopharm. However, the decommissioning of the Plymouth area negatively impacted EPS by NT$12.99, resulting in a reported EPS of NT$13.55. Share capital increased 0.4% during the quarter from employee stock option exercises and convertible bond conversions. DLS competitors began exiting the market in early 2Q25 due to supply chain hiccups, creating new opportunities for Bora to increase share and drive recovery momentum. The Group remains optimistic that its first quarter restructuring efforts will increase the long-term value of its recent acquisitions, including unlocking NT$600 million in capital in 2025. CDMO business growth will be further accelerated with strategic U.S.-based capability and capacity. Mr. Bobby Sheng, Chairman of Bora Group, stated, “The first quarter is the continuation of critical integration and restructuring phase following multiple business and capacity acquisitions in 2024, laying a solid foundation for operational efficiency expansion. Following substantial investments in the U.S last year, we did observe significant pressure in the U.S. generics space during Q4. This prompted us to swiftly accelerate our integration efforts. At the same time, evolving client dynamics and market demand have only strengthened our conviction in the long-term value and strategic role of these assets. While the organizational streamlining, business separation, and product portfolio optimization undertaken to reflect operational realities have created near-term hurdles, we remain confident that these actions are essential to achieving optimal resource allocation and hence satisfactory return on assets. These efforts are necessary steps in the Company’s path toward sustainable mid to long-term growth. The closure of Plymouth area was completed ahead of schedule during the quarter and the area has thus been reclassified as discontinued operation in our quarterly financial statements altogether. From an operational standpoint, Bora has discontinued 15 products in the U.S. generics market along with the restructure, with an additional 6 products transferred to more cost-efficient manufacturing sites within the Group. On the financial side, discontinued operation resulted in a negative impact of approximately NT$1.34 billion, including overhead, inventory and equipment write-downs as well as severance-related expenses. Looking ahead, Bora will advance its focus on high-value and complex dosage forms supported by over NT$5.0 billion cash on hand. At Maple Grove, 4 global pharmaceutical clients are currently in advanced discussions regarding CAPEX investments which we view as a strong validation of the site’s value and strategic fit. While the timeline for full deployment spans several years, we are approaching this expansion with operational discipline and commercial alignment to ensure its success over time. On pharma sales side, Bora weathered softness in DLS demand in the first quarter but quickly gained market share as a competitor exited in early second quarter. Generic business rebounded in April, supported by strong sales from new 2024 launches including Potassium Chloride ER Tablets (KCL), and anti-angina drugs Diltiazem (DTC and DTS). This recovery underscores Bora’s agility and the resilience of the dual-engine strategy. Furthermore, we have successfully consolidated distribution network for specialty drugs. Bora expects its pediatric spasm product, VIGAFYDE (the 505(b)(2) oral solution), to extend its success in the new patient market into the switch segment in the very near future, supporting future margin and operational leverage expansion. We continue executing on our goals to scale up, achieve more and integrate smarter, ensuring that both internal and external clients benefit from cost-efficient, regionally aligned manufacturing. By extending the strength of our dual-engine model, we believe Bora shall continue to create above-average total shareholder return.” 1Q2025 Operational Achievements & Full Year Outlook Global CDMO Operations Global CDMO Operations (excluding internal orders) delivered record-high revenues of NT$1.90 billion in the first quarter, up 52.4% YoY and representing approximately 39% of total revenue. Including internal orders, CDMO revenue reached NT$2.89 billion. A total of 600 million doses were developed and manufactured. Revenue contribution from global top 20 pharmaceutical companies remained steady at approximately 30%, demonstrating strong clientele and advantage of scale. Bora CDMO continues to be a trusted partner for biotech and pharmaceutical innovators. In 1Q25, the small molecule CDMO pipeline added US$123 million in potential orders and US$78 million in backlog, both marking historic highs. CAPEX progress across sites reached approximately 50%, focused on debottlenecks, efficiency improvement, capacity increase and infrastructure upgrade to align with client and product needs. Flex Pro line at the Maryland sterile injectable facility

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LINE NEXT and Kaia Expand Web3 and Stablecoin Adoption Across Asia Following a Native Deployment of Tether’s USD₮ on Kaia Blockchain

ABU DHABI, UAE – Media OutReach Newswire – 14 May 2025 – Tether, the largest company in the digital assets industry announced it has created a native deployment of Tether’s USD₮ on the Kaia blockchain – layer 1 blockchain that exclusively powers the Web3 Mini Dapp accessible within LINE Messenger by LINE NEXT. The collaboration is expected to deliver USD stablecoin offerings to more than 200 million Asia’s mainstream LINE users, enhancing the everyday application of digital assets. Over 200 million LINE users will be able to utilize USD₮ for transactions right within the app without the need for any third party LINE NEXT Inc. is LINE’s venture dedicated to developing and expanding the Web3 ecosystem. Currently, Kaia is exclusively powering the Mini Dapp and Dapp Portal ecosystem accessible within LINE Messenger. As part of this collaboration, USD₮ will be supported across LINE’s messenger-based Mini Dapp platform and self-custodial wallet infrastructure. As a result, by launching USD₮ on Kaia’s rapidly growing Web3 ecosystem, Tether broadens access to stable transactions of the world’s largest stablecoin to LINE’s 200 million monthly active user base. Meaning, users will be able to utilize USD₮ across Mini Dapps for in-app payments, cross-border transfers, and decentralized finance (DeFi) activities, all within the familiar LINE environment. Mini Dapps built on the Kaia blockchain are set to introduce a wide range of features powered by USD₮, offering users a seamless digital asset experience within LINE Messenger. Key features of LINE NEXT’s USD₮ initiatives include: Users can complete missions within various Mini Dapps and receive rewards in USD₮. Users can conveniently send and receive USD₮ with friends directly through the in-app wallet on LINE Messenger. Additional features under consideration by LINE NEXT include integrating USD₮ into Mini Dapp The cryptocurrency market in Asia and Southeast Asia is experiencing rapid growth, emerging as a global hub for crypto adoption and trading. In Vietnam, Triple-A concluded Vietnam holds the second largest cryptocurrency market in ASEAN, with 21.2% of the population – around 20 million people, adopting crypto. In 2024, Vietnam ranked 5th globally in interest in digital assets, 3rd in using international trading platforms, and 6th in decentralized exchange (DEX) trading volume according to Chainalysis. Among digital assets, USD₮ is widely used stablecoins by investors in cryptocurrency transactions, thanks to its price stability, high liquidity, and flexible convertibility. USD₮ is also widely supported by popular wallets such as Trust Wallet, Metamask, and locally used exchange wallets in Vietnam such as Remitano, ONUS. With a large and growing user base, this partnership is expected to serve as a gateway for millions of everyday users across key markets in Asia, including Vietnam, to access on-chain finance. “Tether’s native launch on Kaia is another step toward making stablecoins accessible to millions of mainstream users,” said Paolo Ardoino, Tether’s CEO. “Through LINE NEXT’s trusted blockchain infrastructure, over 200 million LINE users will now have a straightforward way to engage with digital assets in everyday life. Tether’s expansion to Kaia underscores its commitment to fostering stablecoin adoption across Asia and beyond.” “Tether’s decision to natively launch USD₮ on Kaia will accelerate the spread of high-end USD-backed stablecoins in Asia, furthering our hybrid payment solutions in collaboration with LINE NEXT,” said Dr. Sam Seo, Chairman of Kaia DLT Foundation. “With the lowest transaction latency among EVM chains and immediate finality, Kaia’s USD₮ will provide the fastest, easiest, and most reliable user experience available across platforms such as LINE, DeFi, and CEXs.” “LINE NEXT’s adoption of USD₮ will help establish a dollar-based gateway in Asia,” said Youngsu Ko, CEO of LINE NEXT. “By integrating stablecoin-powered services, we aim to bring Web3 services closer to users’ everyday experience.” Positioned as a strategic gateway for USD-backed stablecoins in Asia, Kaia and LINE NEXT aim to facilitate the widespread circulation of USD₮ and lay the groundwork for USD₮-enabled Web3 services in the region. The integration of Tether’s market leading stablecoin into Kaia’s robust blockchain and DeFi ecosystem streamlines on/offramps for fiat-to-digital asset conversion and helps drive LINE NEXT’s broader Web3 ambitions. By bringing together LINE’s mainstream reach, Kaia’s blockchain scalability, and USD₮’s liquidity, this collaboration sets the stage for deeper financial inclusion and practical Web3 applications across Asia’s most active markets, including Japan, Thailand, and Taiwan.Hashtag: #Kaia #USD₮ The issuer is solely responsible for the content of this announcement. About Tether and USDt Tether is a pioneer in the field of stablecoin technology, driven by an aim to revolutionize the global financial landscape. With a mission to provide accessible and efficient financial, communication, artificial intelligence, and energy infrastructure. Tether enables greater financial inclusion, and communication resilience, fosters economic growth, and empowers individuals and businesses alike. As the creator of the largest, most transparent, and liquid stablecoin in the industry, Tether is dedicated to building sustainable and resilient infrastructure for the benefit of underserved communities. By leveraging cutting-edge blockchain and peer-to-peer technology, it is committed to bridging the gap between traditional financial systems and the potential of decentralized finance. About Kaia Kaia is a high performance public blockchain that brings Web3 to the fingertips of hundreds of millions across Asia. Formed through the merger of the Klaytn and Finschia blockchains that were initially developed by Kakao and LINE respectively, Kaia is Asia’s largest Web3 ecosystem integrated with the Kakaotalk and LINE messengers that have a combined user base of over 250 million – all of whom can experience Web3 with the ease and speed of Web2 within their favourite messenger superapp to connect, create, collaborate, and contribute to the ecosystem. Learn more at www.kaia.io. About LINE NEXT Inc. Based in the United States, LINE NEXT Inc. is focused on growing the global Web3 business. Through building a Web3 ecosystem, LINE NEXT aims to provide new digital experiences and lead the way into the future. Mini Dapp Mini Play, Big Reward! Experience seamless Web3 integration with Mini Dapp on LINE Messenger. Mini Dapp makes blockchain accessible to everyone, ensuring smooth onboarding, transactions, and rewards through Kaia’s blockchain infrastructure. Mini Dapp Platform: Dapp

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Hang Lung’s NET•WORK Captures New Office Demand Wave: Landlord-Managed Space Hits 70% Occupancy

HONG KONG SAR – Media OutReach Newswire – 14 May 2025 – Hang Lung Properties Limited (SEHK Stock Code: 00101) (the “Company” or “Hang Lung”) is pleased to announce the launch of NET•WORK, a premier coworking space in the heart of Central, Hong Kong. As Hong Kong continues to strengthen its status as an international financial center, NET•WORK’s vibrant and flexible office spaces have attracted financial institutions, professional services firms, and TMT (technology, media, and telecom) companies, achieving 70% occupancy during the soft-launch period. (From left) Mr. Mikael Jaeraas, Senior Director – Retail and Hong Kong Business Operation, and Ms. Helen Lau, Deputy Director – Hong Kong Business Operation, at the launch event of NET•WORK, showcasing its key features. Mr. Herman Chui, Senior Director – Office, Hotel & Residence of Hang Lung Properties, said, “Hang Lung Properties creates compelling spaces that enrich lives. NET•WORK was created to connect people and business communities, serving as a space where work and life will find the ultimate balance. Strategically located within Central’s iconic Standard Chartered Bank Building, NET•WORK embodies our vision is to become a premium and leading flexible business solution provider. From eco-friendly building materials and energy saving facilities to air quality management and control, NET•WORK sets itself apart with its full commitment to sustainability and supporting our community. NET•WORK provides professional ‘turn-key’ solutions in which the hassle of fitting out no longer exists. While market challenges persist, Hong Kong has a key role to play, not only as an integral part of the Greater Bay Area, but also as Asia’s premier financial hub. NET•WORK’s achievement of strong occupancy within months since its soft launch validates the market demand for centrally located, quality and flexible business solutions. Building on the success of HANGOUT, the Company’s branded multifunctional workspace in mainland China, we expect our flexible business solutions to generate even more cross-border opportunities going forward.” NET•WORK represents the connection, a hub for businesses to grow, and for people to connect and be inspired The name NET•WORK represents the connection, a hub for businesses to grow, and for people to connect and be inspired. Ergonomically designed and tastefully decorated, the 13,000-square-foot NET•WORK offers bespoke, functional and sophisticated spaces ideal for fast growing enterprises, entrepreneurs, and client meetings. It features dedicated private offices and dynamic shared spaces, including 27 private offices, 212 workstations, and professional conference facilities. The space has already established itself as a nexus for high-value business connections, having hosted multiple networking events. NET•WORK’s versatile, well-appointed venues provide the perfect setting to forge connections and showcase businesses Members of NET•WORK can enjoy unparalleled benefits within the Hang Lung portfolio, which comprises offices and retail spaces across the border: One membership, dual access: Privileges across NET•WORK (Hong Kong) and HANGOUT (mainland China) Exclusive leasing offers for offices, retail spaces, and serviced apartments within Hang Lung’s Hong Kong and Mainland properties hello program benefits: Members can enjoy exclusive dining experiences at Michelin-starred restaurants within our Central portfolio, earning hello points redeemable for premium rewards through the hello Hang Lung Malls Rewards Program. All workstations are equipped with ergonomic chairs and height-adjustable desks featuring USB-C monitor compatibility With NET•WORK, Hang Lung reaffirms its commitment to redefining workplace innovation, strengthening Hong Kong’s position as Asia’s premier commercial hub and setting a new benchmark for corporate excellence. Various amenities, including the pantry (left) and wellness room (right), are thoughtfully designed to enhance the well-being of office workers Hashtag: #HangLung The issuer is solely responsible for the content of this announcement. About Hang Lung Properties Hang Lung Properties Limited (SEHK stock code: 00101) creates compelling spaces that enrich lives. Headquartered in Hong Kong, Hang Lung Properties develops and manages a diversified portfolio of world-class properties in Hong Kong and the nine Mainland cities of Shanghai, Shenyang, Jinan, Wuxi, Tianjin, Dalian, Kunming, Wuhan and Hangzhou. With its luxury positioning under the “66” brand, the company’s Mainland portfolio has established its leading position as the “Pulse of the City”. Hang Lung Properties is also recognized for leading the way in enhancing sustainability initiatives in the real estate industry, all the while pursuing sustainable growth by connecting customers and communities. At Hang Lung Properties – We Do It Well. For more information, please visit www.hanglung.com.

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Championing European Culinary Heritage in Hong Kong

HONG KONG SAR – Media OutReach Newswire – 14 May 2025 – ​European culinary delicacies shine this May, as the “Enjoy the Authentic Joy from Europe” campaign celebrates four premium delicatessen meats with an exclusive press luncheon and a promotion at select city’super stores. This exciting campaign, co-financed by the European Union and supported by three esteemed consortia, brings the rich, indulgent flavours of Mortadella Bologna PGI, Salamini Italiani alla Cacciatora PDO and Zampone Modena PGI and Cotechino Modena PGI to the dynamic city of Hong Kong. Special Press Luncheon As part of the “Enjoy the Authentic Joy from Europe” campaign, an exclusive press luncheon is taking place on 14 May 2025. Hosted at Giando Italian Restaurant & Bar in Hong Kong, the event brings together key media representatives, influencers, and food enthusiasts to indulge in a customised menu featuring the iconic products. The lunch also includes an introduction from representatives of the three consortia behind these meats: Consorzio Italiano tutela Mortadella Bologna, Consorzio Cacciatore Italiano, and Consorzio Zampone e Cotechino Modena IGP. In-store Promotion at city’super Following the press luncheon, the campaign will continue with an in-store promotion at city’super, one of Hong Kong’s leading, premium grocery stores. From 15 to 25th May 2025, four city’super locations will feature a ‘Gift with Purchase’ promotion, where customers who purchase any of the European deli meats will receive a free USB multi-charging cable, while stocks last. The renowned deli meats will be showcased in the following city’super stores: Central-IFC: Shops 1041-1049, Level 1, IFC mall, 8 Finance St, Central, Hong Kong Causeway Bay-Times Square: B1, Times Square, Causeway Bay, Hong Kong TST-Harbour City: Shop 3001, Level 3, Gateway Arcade, 3-27 Canton Rd, Harbour City, Tsim Sha Tsui, Hong Kong Shatin-New Town Plaza: Shops 204-214, New Town Plaza 1, Sha Tin, Hong Kong The in-store promotion will give customers the opportunity to explore, taste and purchase these exceptional products while learning more about their heritage. Supporting Heritage and Quality The three consortia behind these products – Consorzio Italiano tutela Mortadella Bologna, Consorzio Cacciatore Italiano, and Consorzio Zampone e Cotechino Modena IGP – are non-profit organisations dedicated to safeguarding and upholding these traditional foods. The consortia ensure that their deli meats meet strict production standards in compliance with the European Union’s PDO (Protected Denomination of Origin) and PGI (Protected Geographical Indication) certifications. These certifications not only protect the integrity of these products, but they ensure consumers of their authenticity, nutritional value, and quality while also supporting the producers who continue to craft them using time-honoured methods. Interested consumers can also check out the campaign’s website https://www.enjoytheauthenticjoy.co/ and social media accounts – Instagram and Facebook – for the latest news and updates with more announcements to follow soon. The content of this promotion campaign represents the views of the author only and is his/her sole responsibility. The European Commission and the European Research Executive Agency (REA) do not accept any responsibility for any use that may be made of the information it contains. Hashtag: #EnjoytheAuthenticJoyfromEurope The issuer is solely responsible for the content of this announcement.

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FGA Trust Appointed as ABC Bank’s Eligible Introducer to Pioneer AI-Driven Wealth Corridor Between Asia and Africa

HONG KONG SAR – Media OutReach Newswire – 14 May 2025 – FGA Trust, a Hong Kong-based innovative licensed digital trust platform provides comprehensive fiduciary solutions, has been officially appointed as the Eligible Introducer of ABC Bank, an leading Mauritius financial institution with over a decade of regional expertise, marking a strategic leap to empower high-net-worth individuals(HNWIs) in tapping Africa’s booming investment opportunities. This appointment aligns with both parties’ digital transformation roadmap, which combines the bank’s African foothold with FGA Trust’s AI-powered solutions to unlock high-growth opportunities for Asia’s HNWIs in Africa’s $3.4 trillion economy. FGA Trust provides an AI-optimized solution to fasten the client onboarding application process, automating KYC and documentation process while ensuring full regulatory compliance. Mauritius has been a strategic gateway for businesses to enter Africa, as it ranked among Africa’s top three foreign direct investment destinations. The appointment offers structured access to offshore bank accounts, trust structure, multiple financing and investment channels, tailored for Asian and African HNWIs alike. FGA Trust’s AI-driven Wealth Corridor helps to bridge the Asian wealth with African growth via such an appointment, echoing the Belt and Road Initiative. It also merges FGA’s expertise in Asia private wealth frameworks with ABC’s on-ground insights into African jurisdictions. Mr. Kavi Harilela, Director of FGA Trust, said: “This appointment isn’t just about bridging geographies—it’s about rewriting the rules of engagement between Asian capital and African innovation. Africa’s complexity demands more than ambition—it requires institutional trust. We would like to provide bank-grade custodianship and also build a foundation of compliance-by-design.” By connecting FGA Trust’s AI precision and fiduciary solutions with the ABC Bank’s finance infrastructure, it is creating a frictionless pipeline for investments into Africa’s digital leapfrogging, opening up more opportunities for global HNWIs. Hashtag: #FGA #assetmanagement #HongKong #資產管理 #Trust #信托 #OffshoreBank #離岸銀行 https://fgatrust.com/en/https://www.linkedin.com/company/fga-trust/https://x.com/FGATrust/https://www.facebook.com/people/FGA-Trust/Wechat: 香港FGA信托 The issuer is solely responsible for the content of this announcement. FGA Trust FGA Trust is a Hong Kong-licensed financial institution specializing in bank-grade asset protection and customizable trust solutions. Our services provide a secure framework for managing and safeguarding clients’ assets, ensuring their financial legacies are preserved according to their wishes. With a team of experts from the trust, financial services, and payment sectors, we utilize cutting-edge, compliant technology to deliver customer-first services that prioritize safety and discretion. At FGA Trust, we empower clients to live confidently, knowing their arrangements are optimized for their benefit.

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Thai Engineering Student’s Journey at CUHK Exemplifies Excellence in Global Healthcare Innovation

HONG KONG SAR – Media OutReach Newswire – 14 May 2025 – The Chinese University of Hong Kong (CUHK) continues to attract international talent in specialised fields, as demonstrated by the journey of Jarinyagon CHANTAWANNAKUL, a final-year Biomedical Engineering student from Thailand. Her story highlights CUHK’s growing reputation as a premier destination for healthcare technology education in Asia. CUHK Vice-Chancellor’s Scholarship awardee Jarinyagon CHANTAWANNAKUL (right) from Thailand receives recognition at the University’s Scholarship Presentation Ceremony 2021/22, exemplifying CUHK’s commitment to nurturing international talents. The significant scholarship recognises her outstanding academic achievements and potential contributions to healthcare innovation. Choosing Excellence in Healthcare Innovation Jarinyagon selected CUHK after recognising Hong Kong as one of Asia’s few locations offering specialised Biomedical Engineering programmes. The university’s comprehensive infrastructure, including dedicated libraries, laboratories, and teaching hospitals, along with its unique college system and generous hostel policy, proved decisive factors in her choice. Her academic excellence was recognised with the prestigious Vice-Chancellor’s Scholarship, ensuring her financial stability throughout her studies. Academic Achievement and Research Excellence Her academic journey has been marked by notable achievements, including the Charles K. Kao Scholarship, which supported her research exchange at Stanford University’s Department of Otolaryngology. Most recently, she secured funding from the Hong Kong Science and Technology Parks Corporation’s (HKSTP) Ideation programme to develop her final year project into a commercial product. Biomedical Engineering student Jarinyagon CHANTAWANNAKUL gains hands-on research experience during her summer internship at Stanford University’s Department of Otolaryngology, School of Medicine. Mentorship and Faculty Support At CUHK, Jarinyagon has benefited from close mentorship by distinguished faculty members. Professor Scott Wu Yuan has served as her project supervisor, career mentor, and life adviser, while Professor Liting Duan’s guidance as academic adviser has helped ensure her continued success throughout the programme. Global Exposure and Professional Development Beyond classroom learning, Jarinyagon’s professional experience includes valuable internships at both Stanford University and a Hong Kong biotech company. Her first full-time paid position as an R&D intern in Hong Kong’s biotech sector provided crucial insights into industry operations and workplace dynamics in one of Asia’s primary business hubs. Future Impact in Healthcare Innovation Looking ahead, Jarinyagon aims to leverage her CUHK education to make meaningful contributions to healthcare through innovation. Her involvement with HKSTP’s Ideation programme exemplifies how CUHK prepares students to transform academic projects into practical healthcare solutions. For Thai Students Considering CUHK For prospective Thai students, Jarinyagon emphasises CUHK’s strong global reputation and generous scholarship opportunities as key attractions. The university’s diverse cultural environment provides invaluable opportunities for international students to expand their global perspectives while pursuing world-class education. Hashtag: #CUHK The issuer is solely responsible for the content of this announcement. About CUHK Founded in 1963, The Chinese University of Hong Kong (CUHK) stands as a leading comprehensive research university, consistently ranked among Asia’s top educational institutions.

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Ascott Boosts Talent Development To Drive The Opening Of More Than 300 New Properties By 2028

PENANG, MALAYSIA / SINGAPORE – Media OutReach Newswire – 14 May 2025 – The Ascott Limited (Ascott), the wholly owned lodging business unit of CapitaLand Investment (CLI), is ramping up talent development to support the opening of more than 300 new properties by 2028. This global expansion is expected to create more than 12,000 new jobs, including over 1,500 property leadership roles. To power this growth, the company is launching Ascott Accelerate, a structured talent management programme that fast-tracks high-potential associates into hospitality leadership positions. This will be complemented by a digital learning platform offering flexible and accessible development opportunities for associates across all levels. Connecting Ascott associates from across places and cultures, out-of-classroom initiatives such as the Ascott Global Exchange Programme and Ascott Learning Festivals provide in-person opportunities for associates from different regions to engage in cross-culture discussions and gain insights into best practices from expert trainers. Both new initiatives are part of the Ascott Global Academy for Excellence (AGAX), a comprehensive training platform launched in 2024 to build a future-ready workforce and support Ascott’s target of achieving over S$500 million in fee-related earnings by 2028. AGAX is led by the Ascott Learning Council, co-chaired by Ms Wong Kar Ling, Chief Strategy Officer and Managing Director, Southeast Asia, and Mr Lee Ngor Houai, Chief Operating Officer for Europe, Middle East, Africa (EMEA), South Asia and China. Ascott Accelerate is one of the many new initiatives introduced as part of the Ascott Global Academy for Excellence (AGAX). AGAX is a comprehensive training platform designed to build a future-ready workforce for Ascott. It was launched in 2024 at the group’s biennial Ascott Global Conference. In 2024, Ascott continued its upward trajectory, achieving a third consecutive year of record fee-related earnings at S$343 million, reflecting a 12% year-on-year increase on a recurring basis[1]. This performance was driven by a 6% rise in revenue per available unit (RevPAU) and the opening of a record 11,700 units across 54 properties. Today, Ascott’s global footprint spans more than 990 properties in over 230 cities, with two-thirds already operational. The company is advancing its growth through a multi-typology brand strategy designed to scale and diversify its presence across key markets. Malaysia exemplifies this approach with a portfolio of more than 40 properties – both operational and in the pipeline – spanning serviced residences, hotels, resorts, social living spaces and branded residences. Fittingly, Ascott chose Penang – home to 21 of these properties – as the launch site for Ascott Accelerate and its new digital learning platform during the Ascott Learning Festival, reinforcing Malaysia’s role in supporting the company’s broader growth strategy. Mr Lee Ngor Houai said: “At Ascott, our vision is to be the preferred hospitality company, enriching global living with heartfelt experiences. To deliver on this, we have expanded our portfolio beyond serviced residences to include hotels, resorts, social living spaces and branded residences, offering guests more choices under our brand promise ‘Stay Your Way.’ Our multi-typology brand framework not only caters to the diverse needs of today’s travellers, but also empowers our associates to develop broad-based expertise and thrive across different accommodation formats. As our business continues to grow and diversify, we remain deeply committed to developing our people, ensuring they have the skills and support to grow with us. Looking ahead, talent development will remain central to our strategy as we expand globally, with over 300 new properties set to become operational by 2028.” Ms Wong Kar Ling said: “To future-proof our talent pipeline, we are excited to launch Ascott Accelerate, a comprehensive initiative designed to nurture high-potential talent at every stage of their hospitality careers. This programme supports associates from entry-level roles to key property leadership positions, such as Residence Manager and General Manager. Through mentorship, on-the-job training, project-based learning and e-learning, Ascott Accelerate will shape the next generation of hospitality leaders, equipping them with the capabilities to drive our continued success. As the training needs of our organisation evolve, we are also exploring partnerships with leading hospitality institutions to enhance the professional credentials of our team. We welcome individuals with a passion for hospitality to join us at Ascott, where opportunities to grow and thrive are part of our dynamic journey.” With over 12,000 new jobs expected to be created across more than 300 new properties slated to open as part of Ascott’s global portfolio by 2028, the company’s talent management programme, Ascott Accelerate, will seek to train and fast-track high-potential associates into key property leadership roles. Ascott Accelerate features three progressive career development tracks: Aim, which builds foundational leadership skills essential for supervisors; Advance, which strengthens the management capabilities required to lead as heads of departments; and Aspire, which prepares future Residence Managers and General Managers through curated hands-on learning, equipping them with the agility and leadership skills to thrive in a fast-evolving hospitality landscape. To turbocharge the programme, Ascott is also introducing a new digital learning platform that enables associates to learn anytime, anywhere. Featuring tailored content across key operational areas – including guest services, housekeeping, property maintenance, digital technology and finance – the platform empowers associates to develop relevant skills at their own pace, while balancing daily responsibilities. In addition, Ascott is enriching learning experiences through initiatives like the Ascott Global Exchange Programme and Ascott Learning Festivals. The exchange programme offers promising associates short-term overseas postings to broaden their perspectives, adapt to new environments and learn from high-performing teams across the network. Complementing this, the Ascott Learning Festivals are dynamic, in-person events where associates gain insights into the latest industry skills and best practices from expert trainers and thought leaders. Ms Wong added: “Hospitality is about connecting people across places, cultures and possibilities. At Ascott, we believe those connections should begin within our own teams. Just as we aspire to offer global living to our guests, we are equally committed to giving our associates the opportunity to experience the global nature of our business – whether through international assignments or globally connected platforms like our learning festivals.

Media OutReach

Wildfires and Floods Caused Billion-Dollar Economic Loss in Asia Pacific in the first quarter of 2025: Aon Report

Q1 data follows $74B economic loss in Asia Pacific from natural disasters in 2024 Earthquake in Myanmar estimated to be the costliest event of the year so far, with only a fraction insured SINGAPORE – Media OutReach Newswire – 14 May 2025 – Aon plc (NYSE: AON), a leading global professional services firm, published Asia Pacific (APAC) insights from its Q1 Global Catastrophe Recap – April 2025, which analyzes the natural disaster events that occurred worldwide during the first quarter of 2025. During this period, the APAC region experienced significant wildfire activity, particularly in South Korea and Japan. South Korea faced devastating wildfires that resulted in 31 deaths, 49 injuries and the destruction of over 7,700 structures with losses estimated at approximately $1B. The earthquake that occurred in March in Myanmar is the costliest event of the year so far. Damage is expected to reach billions of dollars and only a fraction is covered by insurance. The costliest event for APAC insurers was ex-Tropical Cyclone Alfred, with insured losses of approximately AU $1B. The Q1 data follows Aon’s 2025 Climate and Catastrophe Insight report, which identified global natural disaster and climate trends to quantify the risk and human impact of extreme weather events in 2024, where total economic losses in APAC were $74B, with insurance covering only approximately $4B. The main driver of economic losses in 2024 was flooding, with a significant contribution from seasonal floods in China. Two major events: the Noto earthquake in Japan and Typhoon Yagi in Southeast Asia and China also accounted for a large proportion of the losses. Typhoon Yagi was one of the most severe storms to hit Southeast Asia since Typhoon Rammasun in 2014. The storm caused extensive damage across Vietnam, China, Myanmar, the Philippines and Thailand, resulting in significant economic and insured losses. This event highlights the importance of considering both wind and flood risks in typhoon-prone areas. George Attard, CEO for Reinsurance Solutions for APAC at Aon, said: “The devastating earthquake in Myanmar, which caused at least 5,400 deaths and significant structural and infrastructure loss, underscores the importance of being prepared for catastrophe-related risks. Extreme weather and seismic events remain a powerful force driving the complexity and volatility that businesses and communities face and emphasizes the urgent need for innovative mitigation solutions to address this growing challenge.” Aon’s 2025 Climate and Catastrophe Insight report highlights several trends with natural catastrophe losses: Growing Disaster Losses: Global insurance losses in 2024 were 54 percent above the 21st-century average, covering $145B of the $368B in damages. Even though insured losses far exceeded the average, the protection gap stood at 60 percent, representing a significant financial headwind to communities, businesses and governments. In the APAC region, the protection gap was much higher with 95 percent of the losses not covered. Increases in population density in coastal areas, wealth and overall exposure to natural hazards in high-risk areas continue to be a crucial component of growing disaster losses. Earthquake Risks: April 2024 saw a significant earthquake impact in Taiwan, while Japan experienced the Noto Peninsula earthquake on January 1, 2024. This emphasises the need for ongoing vigilance and preparedness for seismic events. Exposure Changes: Changes in exposure is a growing challenge for insurers and clients. These changes, rather than climate risks alone, are driving shifts in loss patterns. Typhoon Yagi, for example, accentuated the importance of a regional risk management approach that extends beyond sovereign borders. Advances in Flood Modelling: Despite the challenges, advancements in flood modelling have made significant strides in recent years. Advanced tools and data analytics can help businesses and governments understand the complexities of flood risk and prepare for future events. Economic Impacts: The exposure of commercial infrastructure to extreme weather has increased, requiring companies and insurers to explore the impact of changing weather patterns on assets. While Typhoon Yagi made a significant impact on economic and insured losses in China, Vietnam and the Philippines, 2024 was a relatively quiet year for natural catastrophes in Asia when compared with the long-term regional trend. The economic and insured losses in the region also contrast with the global figures, where economic losses from natural disasters in 2024 are estimated at $368B, more than 10 percent above the long-term average since 2000. With greater resilience and mitigation measures in place, global economies can reduce damage and loss of life. In 2024, 18,100 people lost their lives due to natural hazards, mostly from heatwaves and flooding globally. This was below the 21st-century average of 72,400. The long-term decrease in global fatalities can be attributed to improved warning systems, weather forecasts and evacuation planning, underscoring the value of reliable climate data, insights and analytics. Significant Asia Events in 2024 Date Event Location Deaths Economic Loss (2024 $ B) Insured Loss (2024 $ B) 09/06 -14/07 South Central China Floods China 470 15.7 0.4 01/09 – 09/09 Typhoon Yagi China, Southeast Asia 816 12.9 0.7 01/01 Noto Earthquake Japan 489 18.0 1.5 01/03 – 30/06 India Heatwaves India 733 NA NA 20/06 – 30/06 Karachi Heatwave Pakistan 568 NA NA “Asia is at the forefront of flood modelling,” said Peter Cheesman, head of Risk Capital analytics for APAC at Aon. “Despite this, there remains a need for better tools and collaborations with public and private partnerships to help close the insurance gap. A comprehensive, multi-country strategy, together with advanced modelling and data inputs, are critical in helping risk managers prepare for future events as climate and exposure trends continue to evolve.” Aon’s 2025 Climate and Catastrophe Insight report can be found here. Hashtag: #Aon #climaterisks #climate #catastrophe #catastropherisks #flooding The issuer is solely responsible for the content of this announcement. About Aon Aon plc (NYSE: AON) exists to shape decisions for the better — to protect and enrich the lives of people around the world. Through actionable analytic insight, globally integrated Risk Capital and Human Capital expertise, and locally relevant solutions, our colleagues provide clients in over 120 countries with the clarity and confidence to make better

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