Media OutReach

Media OutReach

Media OutReach

ZJLD Group FY2024 Performance Shows High-Quality and Stable Development with a Remarkable 116.3% Surge in Operating Cash Flow

Steadfastly Implements High-Quality Development Strategies and Optimize Channel Structures with a Focus on Global Market Expansion HONG KONG SAR – Media OutReach Neswire – 21 March 2025 – ZJLD Group Inc. (“ZJLD” or the “Company”, together with the Company’s subsidiaries, collectively the “Group”) (SEHK stock code: 06979. HK), an outstanding representative in the Chinese baijiu industry and the first baijiu company listed in Hong Kong Stock Exchange, is pleased to announce its annual results for the fiscal year ended December 31, 2024 (“Fiscal Year 2024”, “FY2024” or the “Year”). The key financial and business highlights are as follows: FY 2024 (for the year ended December 31, 2024) (RMB’000) FY 2023 (for the year ended December 31, 2023) (RMB’000) Increased by Revenue 7,066,784 7,030,467 0.5% Gross profit 4,143,040 4,079,948 1.5% Gross profit margin 58.6% 58.0% 0.6 percentage points Net cash generated from/(used in) operating activities 781,003 361,226 116.3% Adjusted net profit (non-IFRS measure) 1,676,275 1,622,602 3.3% Adjusted net profit margin (non-IFRS measure) 23.7% 23.1% 0.6 percentage points During the Year, the Group experienced a significant increase in net cash flow from operating activities, demonstrating a stable upward trend that reflects financial health and long-term resilience. In 2022, the Company reported negative net operating cash flow; however, with continuous optimization of business structures and successful implementation of market strategies, net operating cash flow rose to approximately RMB360 million in 2023 and further escalated to about RMB780 million in 2024. This remarkable leap signifies the Company’s steadily improving financial framework and robust operations, showcasing operational resilience and financial confidence, while also reflecting the market’s strong trust in its products and business model. As the primary growth engine of the Group, the flagship brand, Zhenjiu, has maintained its position as the fourth-largest sauce-aroma baijiu brand in China for two consecutive years (2023 and 2024)[1]. Additionally, the influence and market positioning of its premium and above products have been further solidified. Since the second quarter of 2024, the demand in the baijiu consumption market has remained subdued. To proactively address intense competition in traditional distribution channels, Zhenjiu has steadfastly adhered to its “Dual-Channel Growth Strategy,” consolidating traditional distributor networks while actively exploring emerging customers characterized by high social engagement and frequent baijiu consumption. Despite facing cyclical industry adjustments and market pressures during the Year, the sales revenue of Zhenjiu’s premium baijiu business division achieved impressive double-digit growth. Thanks to that, the Zhenjiu brand recorded a total revenue of approximately RMB4,479.7 million, accounting for approximately 63.4% of the Group’s total revenue. The Board of Directors has proposed a final dividend of HKD0.21 per share for the year ended December 31, 2024 (2023: HKD0.18 per ordinary share), amounting to a total of HKD711.61 million, reflecting a substantial increase of 16.7% compared to the Fiscal Year 2023. Navigating Multiple Challenges Amid Industry Adjustments: Timely Strategic Adjustments for Breakthrough Opportunities In 2024, the baijiu industry experienced a sustained decline in consumer demand starting from the second quarter, with sluggish market dynamics. The Group swiftly assessed risks and proactively implemented measures to control inventory and stabilize pricing, ensuring healthy channel stock levels while balancing growth momentum. By focusing on four core pillars – brand, base liquor, distribution channels, and team capabilities – the Group reinforced its foundation, fostered continuous innovation, and actively adjusted strategies to navigate cyclical industry changes while exploring and seizing potential growth opportunities. The flagship brand, Zhenjiu, capitalized on its rapidly rising brand influence to develop a series of well-defined expansion initiatives, such as actively exploring broader consumption scenarios for baijiu beyond traditional business contexts. The brand also pursued cross-sector collaborations, aiming to create diversified consumption scenarios and growth drivers. Additionally, the Group is committed to cultivating corporate client resources to expand orders from business-driven demand. Through the comprehensive implementation of Zhenjiu’s “Dual-Channel Growth Strategy,” the Group expanded its presence in emerging sales channels and among premium clientele, further enhancing the distributor network construction and effectively improving overall market competitiveness. During the Year, Zhenjiu’s signature high-end tasting events and distillery tours were continuously elevated, strengthening the sales framework for its sealed storage baijiu while optimizing the allocation of marketing resources and costs. The Group also proactively reduced the proportion of certain mid-range and below products with lower-unit prices and profit margins sold via e-commerce platforms. For the fiscal year 2024, the Group reported a gross profit of approximately RMB4,143.0 million (FY2023: RMB 4,079.9 million), with a stable gross profit margin of 58.6%, marking an increase for four consecutive years. Commitment to High-Quality Sustainable Development: Continuous Optimization of Distribution Network Management with a Focus on Global Expansion The Group primarily distributes its baijiu products through a nationwide network of distributors and its direct sales team. In 2024, the Group reinforced channel monitoring by using digital tools and innovatively adjusted channel policies for premium and deluxe product series, thereby optimizing channel order and price stability. Simultaneously, by preferentially allocating resources to premium distributors, the Group further deepened its mutually beneficial partnerships with distributor partners. As a result, distributor sales revenue for Fiscal Year 2024 increased by 2.1% year-on-year to approximately RMB6,355.7 million (FY2023: RMB6,227.3 million), accounting for 89.9% of the Group’s total revenue. Looking ahead to 2025, despite ongoing industry challenges, the Group remains steadfast in its core strategies of high-quality and sustainable development with a focus on brand building, product quality enhancement, and channel innovation. The Group plans to further expand diverse consumption scenarios, such as banquets, and explore segmented sales channels with high baijiu purchasing potential. At the same time, efforts will continue to advance the dual-channel growth model, optimize the distributor network structure, and upgrade experiential marketing initiatives, including high-end tasting events and distillery tours. This will be complemented by diversified promotional strategies, including short videos and landmark advertisements, to enhance brand outreach. The Group will also continue to invest in developing core premium products to meet varying consumer needs and consolidate its market position. Four Major Brands: Three-Tier Growth Engines with Clear Strategic Positioning The Group’s four major brands have gradually formed a three-tier

Media OutReach

Hong Kong’s Low-altitude Economy gears up for take-off

HONG KONG SAR – Media OutReach Neswire – 21 March 2025 – Hong Kong has unveiled its pioneering Low-altitude Economy (LAE) Regulatory Sandbox, marking the official start of pilot projects to promote development of the LAE with a view to creating new business opportunities, strengthening city management and bringing a new “smart city” experience to the public. Speaking at the launch event yesterday (March 21), Chief Executive of the Hong Kong Special Administrative Region (HKSAR), John Lee, pointed out that the LAE not only gives rise to a series of industries, but also brings a very wide scope of application scenarios with a tremendous potential for development. “The LAE is one of our nation’s strategic emerging industries, as well as an example in exploring new quality productive forces,” Mr Lee said, adding that Hong Kong is dedicated to developing into an international innovation and technology centre and an international hub for high-calibre talent. Hong Kong launches Low-altitude Economy Regulatory Sandbox. Among applications from 72 applicants, 38 projects will be implemented under the first batch of pilot projects to be rolled out starting from April 2025. They come from enterprises, universities/research institutes, public utilities and government departments. The projects cover a wide range of fields and application scenarios, including emergency and rescue, logistics and distribution, inspection and safety maintenance, surveillance and low-altitude infrastructure. Secretary for Transport and Logistics of the HKSAR Government, Mable Chan, said the trial of the sandbox projects would help the Government accumulate experience and data in order to enable the Government and relevant departments to map out and devise a comprehensive infrastructure support for the execution of various LAE activities. “We hope that with all these projects launching, we would incorporate innovation and technology into our daily lives,” Ms Chan said. She added that the Government would introduce a special provision in the relevant legislation enabling the Director-General of Civil Aviation to allow trials of even more sophisticated and heavier low-altitude equipment, so as to facilitate trials of state-of-the-art models, including those models which can carry passengers. Promoting Regulatory Sandbox pilot projects is a major task of the interdepartmental Working Group on Developing Low-altitude Economy set up in 2024 to boost development of the LAE. At the launch event, a number of organisations of the pilot projects set up booths to introduce the application scenarios and features of their projects.Hashtag: #hongkong #brandhongkong #asiasworldcity #innovation #technology https://www.brandhk.gov.hk/https://www.linkedin.com/company/brand-hong-kong/https://x.com/Brand_HK/https://www.facebook.com/brandhk.isdhttps://www.instagram.com/brandhongkong The issuer is solely responsible for the content of this announcement.

Media OutReach

ONYX Hospitality Group Celebrates 1st Anniversary of Amari Bangkok’s “Nila” Coastal Indian Restaurant

Nila offers guests a rare taste of Indian coastal cuisine, bringing unique flavours and dining experiences to Thailand BANGKOK, THAILAND – Media OutReach Newswire – 21 March 2025 – ONYX Hospitality Group, a prominent management company in Southeast Asia specialising in hotels and resorts, serviced apartments and luxury residences, is delighted to celebrate the first anniversary of Nila, a Coastal Indian restaurant on the 4th floor of Amari Bangkok. This premium property offers exceptional hospitality and world-class amenities, providing an unparalleled experience in the heart of the city. Experience the rich, vibrant flavours of Coastal Indian cuisine, a culinary treasure from India’s coastal regions, beautifully infused with Portuguese influences for a distinctive and exquisite taste. In celebration of Nila‘s first anniversary, guests are invited to indulge in an 8-course Coastal Indian Tasting Menu, available with both vegetarian and non-vegetarian options, and offered throughout the year. ONYX Hospitality Group is driven by its vision to be “The Best Medium-Sized Hospitality Management Company in Southeast Asia.” Beyond accommodations, ONYX Hospitality Group also excels in spa services and the food and beverage industry. Nila is one of the highlights under ONYX Hospitality Group’s management, an Indian restaurant inspired by India’s Coastal culinary heritage. Nila showcases a culinary heritage deeply rooted in the cultural richness passed down from ancient artifact merchants, spice traders, and herbalists of Goa and the Malabar Coast of India. Every aspect of Nila is a tribute to the land it represents—from its name, derived from Malayalam, meaning “blue like the sea,” to its décor, which evokes the warmth of a Goan home influenced by Portuguese heritage. The food and beverage menu stays true to Indian authenticity, featuring dishes crafted with Kerala’s fragrant coconut. A standout is the spicy seafood curry from Goa—a dish that blends contemporary culinary techniques with the adventurous spirit of ancient traders, delivering a unique identity and a delightful experience in every bite. To celebrate its first anniversary, Nila invites guests to explore a culinary journey, indulging in the rich flavours of Indian coastal cuisine with a thoughtfully curated menu. The experience begins with three exquisite appetisers, including Phal Dhokla, a beloved dish from India’s west coast, particularly Gujarat. Made from soft, fluffy lentil flour, this delicacy is served with tropical fruits, sweet yogurt, and red chili jam, offering a harmonious balance of sweet, sour, and spicy in every bite. Next on the appetiser selection is Wada Bao, Mumbai’s most sought-after street food. This crispy, fried, spicy mashed potato is wrapped in soft steamed dough, delivering a perfect balance of crunch and warmth in every bite. Another highlight is the Khara Puff, a South Indian take on the classic puff pastry. Made with soft, fine dough and filled with a spiced vegetable mixture, it is perfectly complemented by a tangy cranberry chutney, delivering a well-balanced fusion of flavours and spices. Another standout appetiser is Peri-Peri Jheenga, a Goan-style prawn marinated in fiery peri-peri chili peppers. Grilled over an open flame to perfection, it is served with smoked tomatoes and sweet chili chutney, creating an intense, tangy flavour. The peri-peri chili peppers, introduced to India by the Portuguese from Africa, give this dish a unique fusion of Goan and Portuguese influences. Next comes Kozhi Chuttathu, a traditional Kerala dish featuring chicken drumsticks marinated in yogurt, red chilli, and Malabar spices. The chicken is then grilled and smoked to perfection, and served with pickled beetroot, shallots, and a refreshing mint sauce, offering a smoky, spicy, and aromatic flavour. Next is the Truffle Madras Curry Chop, featuring grilled lamb chops topped with a rich Madras curry infused with the aromatic essence of truffle oil. Served alongside a tangy tomato sauce, this appetsier offers the freshness and aromatic flavours of Chennai with a touch of elegance. For the main course, Machher Jhol offers a taste of Bengali tradition, where fish is an essential element. This classic Bengali sea bass curry is infused with bold, spicy flavours and is served with a velvety pumpkin puree seasoned in the aromatic panchphoran (a blend of five spices). The dish provides a comforting and aromatic experience, making each bite a satisfying journey. Next, enjoy the Chicken Ghee Roast, a signature main course from Bangalore, Karnataka. Tender chicken is cooked in ghee and a flavourful red chilli sauce, creating a rich, spicy, and aromatic taste. Served with Kal Dosa, a crispy flatbread, this dish highlights the region’s love for ghee-roasted delicacies, offering a rich, spicy, and aromatic coastal flavour. Mutton lovers will be in for a treat with Mutton Perattu, a rich Kerala-style mutton curry served with soft, flaky parotta. Packed with a generous amount of spices, this dish delivers a deep, aromatic flavour that is both hearty and impressive. Filter Kapi Misu is a delightful fusion dessert that combines the bold, outstandingly rich flavours of Coorg coffee with the creamy smoothness of Tiramisu. This classic South Indian twist on the traditional dessert offers a perfect ending to a delicious meal. For vegetarians, Nila has thoughtfully adapted its menu with plant-based ingredients such as beans, tofu, and mushrooms. Highlights include Wild Mushroom Ularthiyayhu, where wild mushrooms are stir-fried with Malabar spices, creating an aromatic and rich dish. The Tofu Jhol is a traditional Bengali-style spicy curry paired with panchphoran-tempered pumpkin mash. Another standout is Soy Perattu, a soy protein curry infused with aromatic spices, served with soft parotta. Additionally, Nila offers a selection of signature cocktails inspired by coastal Indian ingredients and spirits. These drinks are crafted to provide a delightful drinking experience, allowing guests to enjoy their flavours, aromas, and beautiful presentation. The beverages at Nila range from refreshing, vibrant concoctions reminiscent of a bright seaside escape to bold, intense creations featuring cognac as the main ingredient, blended with traditional recipes—along with many more exquisite options. Nila is more than just a restaurant; it’s a legacy that brings the rich recipes and delights of India’s coastal cities to life. The aromatic spices and contemporary cooking in every dish transport guests to a distant land,

Media OutReach

SonicWall Furthers its Commitment to Empowering Managed Service Providers (MSPs) by Introducing SonicSentry MXDR

SonicSentry MXDR empowers MSPs of all sizes to protect their customers across the entire attack surface with enterprise-grade security including CrowdStrike Falcon cybersecurity platform, delivering simplicity and cost-effectiveness SINGAPORE – Media OutReach Newswire – 21 March 2025 – SonicWall today announced the introduction of SonicSentry MXDR, a managed solution for MSPs built to protect their clients across the entire attack surface with end-to-end managed threat protection. This unique set of offerings for network, endpoint and cloud security is backed by a 24/7 Security Operations Center (SOC) and Network Operations Center (NOC) that provides MSPs with advanced threat detection and response capabilities from the endpoint to the local network to the cloud. The SonicSentry MXDR service enables partners to deliver stronger, more proactive security services while helping customers enhance their cyber resilience at every step. Most small and medium-sized businesses (SMBs) depend on MSPs for their IT and information security needs. However, many MSPs need the extended resources of fully-staffed and trained 24/7 SOC and NOC facilities to help ensure customers are using best practices, to monitor networks, cloud applications and endpoints and to then quickly detect, investigate, and remediate cyber threats with greater context and accuracy. The overwhelming volume of security alerts alone make it difficult to distinguish between routine updates and critical threats. As cyber threats grow and compliance requirements become more complex, MSPs need a simpler, more effective approach to security practices and operations as they work to keep their clients secure. SonicSentry is SonicWall’s MXDR suite of offerings, featuring managed detection and response (MDR), MDR for cloud, and MDR for Network. Each service can be purchased individually with no contracts or minimums; all of them together comprise MXDR. The goal is to provide a unified approach to cybersecurity by integrating endpoint security, cloud security, and network protection with expert SOC monitoring. By incorporating industry-leading endpoint protection from the CrowdStrike Falcon® cybersecurity platform, SonicWall customers benefit from AI-driven detection and response and stronger cybersecurity resilience. “SonicWall has always been committed to delivering cost-effective, enterprise-level security solutions to small businesses, which are increasingly targeted by sophisticated cyberattacks,” said SonicWall President and CEO Bob VanKirk. “That can only be accomplished by having the right people armed with the right tools. Our broad portfolio of solutions is now enhanced through our partnership with industry leading solutions like those from CrowdStrike. With CrowdStrike, we are ensuring that our SMB customers, and the partners who support them, have access to best-in-class endpoint protection. This effectively extends the bench of our MSP partners and meets them on their services journey to deliver stronger, more proactive security services while giving customers the confidence that their businesses are protected against cyber threats that were once a concern only for large corporations.” SonicWall Vice President of Sales, APJ, Debasish Mukherjee said, “MSPs across the world, especially in APJ, are under immense pressure to safeguard against increasingly sophisticated cyber threats, often with limited resources. SonicSentry MXDR gives them the enterprise-grade security, AI-driven threat detection, and 24/7 support needed to close this gap. By simplifying security operations and reducing response times, we’re enabling MSPs to strengthen their cybersecurity offerings and help businesses in the region stay resilient against evolving threats.” “MSPs face mounting challenges – managing complex and oftentimes subpar – security stacks, countering evolving threats, and securing SMBs with limited resources,” said Daniel Bernard, chief business officer at CrowdStrike. “Through our SonicWall partnership, we’re simplifying security, enhancing threat protection, and enabling MSPs to focus on what matters most — keeping their customers secure and helping SMBs thrive in an increasingly digital world.” As an additional benefit and for more peace of mind, customers of SonicSentry services who also are protected by a SonicWall firewall and Cloud Threat Analytics receive a cyber warranty and discounted, flat-rate cyber insurance, backed and managed by our partnership with Cysurance, provided the customer demonstrates best-practice controls are in place. Warranty coverages range from $500,000 for MDR customers using a firewall and Cloud Threat Analytics and coverage increase to $1,000,000 for those customers also deploying Cloud Email Security. “SonicSentry is a great way for MSPs to differentiate themselves from their competitors,” said SonicWall partner Nick Sabatini, Vice President of Managed Services at Ubeo. “The SonicSentry SOC becomes an extension of your team as an MSP, allowing you to provide immediate threat mitigation for your clients without having to go to the expense of building your own SOC.” To learn more about SonicWall and get details about SonicSentry, please visit https://www.sonicwall.com/products/sonicsentry-mxdr. Hashtag: #SonicWall The issuer is solely responsible for the content of this announcement. About SonicWall SonicWall is a cybersecurity forerunner with more than 30 years of expertise and is recognized as the leading partner-first company. With the ability to build, scale and manage security across the cloud, hybrid and traditional environments in real-time, SonicWall provides seamless protection against the most evasive cyberattacks across endless exposure points for increasingly remote, mobile and cloud-enabled users. With its own threat research center, SonicWall can quickly and economically provide purpose-built security solutions to enable any organization—enterprise, government agencies and SMBs—around the world. For more information, visit www.sonicwall.com or follow us on Twitter, LinkedIn, Facebook and Instagram.

Media OutReach

VinFast and PT Arimbi Amartapura sign a memorandum of understanding to develop 22 VinFast stores in Indonesia

JAKARTA, INDONESIA – Media OutReach Newswire – 21 March 2025 – VinFast has signed a Memorandum of Understanding (MoU) with PT Aribi Amartapura (Amarta), one of Indonesia’s leading vehicle distributors, to accelerate the expansion of its showroom network in the country. This partnership marks a significant milestone in VinFast’s global dealership strategy, enhancing brand visibility and bringing its electric vehicles closer to Indonesian customers. VinFast Asia CEO (left) and Amarta CEO at the MOU signing ceremony. Under the agreement, VinFast will leverage Amarta’s extensive market expertise and 25 years of experience to establish 22 new showrooms between 2025 and 2027, focusing on major cities such as Greater Jakarta and Bandung. Of these, 11 showrooms are set to open in 2025, with the earliest expected to launch in March 2025. Designed with a modern aesthetic and equipped with convenient charging ports, VinFast showrooms offer a seamless customer experience, covering everything from product display and test drives to after-sales services. This comprehensive model allows customers to enjoy convenience at every stage of their journey, from learning about VinFast’s electric vehicles to ownership and long-term use. The partnership with Amarta will not only significantly expand VinFast’s existing dealership network in Indonesia, but also align with its global shift to a dealership model, optimizing operations, reducing costs, and strengthening brand presence in international markets. Mr. Pham Sanh Chau, CEO of VinFast Asia, said: “We are excited to collaborate with Amarta to bring our smart, eco-friendly electric vehicles closer to Indonesian consumers. This partnership allows us to fully capitalize on Amarta’s deep local expertise, laying a strong foundation for VinFast to become a household name in electric mobility.” Mr Angga Prawira Awang, CEO of Amarta added: “It is an honor for Amarta to partner with VinFast, a dynamic and pioneering EV brand from Vietnam. We believe that by combining Amarta’s local market insights with VinFast’s superior product quality and affordable pricing, we can deliver exceptional value to Indonesian customers while promoting green mobility and a sustainable future.” VinFast is making new, strong strides in the Indonesian market, reaffirming its commitment to driving the local green transition. To date, the company has partnered with 14 dealers, which operates 21 stores across Jakarta, Bandung, Surabaya, Bali, and other key locations, offering consumers a diverse range of electric vehicles, including the mini e-SUV models VF 3, VF 5, and VF e34. Notably, VinFast offers an attractive free charging program for all customers until March 1, 2028, along with a warranty of 7 to 10 years (depending on the model), underscoring its dedication to making green transportation accessible in Indonesia. In just over a year since entering the market, billionaire Pham Nhat Vuong’s comprehensive “For a Green Future” electric vehicle ecosystem has built a strong presence in Indonesia with the launch of VinFast, an electric car manufacturer; GSM’s electric ride-hailing service; and V-GREEN, a charging infrastructure company. These recent milestones further reaffirm VinFast’s long-term commitment to advancing a greener, cleaner, and more sustainable future in the country. Hashtag: #vinfast The issuer is solely responsible for the content of this announcement. About VinFast VinFast (NASDAQ: VFS), a subsidiary of Vingroup JSC, one of Vietnam’s largest conglomerates, is a pure-play electric vehicle (“EV”) manufacturer with the mission of making EVs accessible to everyone. VinFast’s product lineup today includes a wide range of electric SUVs, e-scooters, and e-buses. VinFast is currently embarking on its next growth phase through rapid expansion of its distribution and dealership network globally and increasing its manufacturing capacities with a focus on key markets across North America, Europe and Asia. Learn more at: https://vinfastauto.id/ About PT Aribi Amartapura PT Aribi Amartapura is an automotive business company specialized in Cars and Motorcycle founded in 1999 with main operation in West Java province.

Media OutReach

CR Construction Announces Annual Results

Recorded Double-Digit Growth in Revenue and Gross Profit, Proposed a Final Dividend of HK1.8 Cents per Share Highlights: Revenue increased by 11.4% to approximately HK$6,066.0 million. Revenue generated from building construction works increased by 15.1% to HK$5,414.5 million. Gross profit increased by 15.4% to HK$353.2 million. Basic earnings per share was HK10.74 cents. The Board recommended the payment of final dividend of HK1.8 cents per share. Financial Highlights: For the year ended 31 Dec 2024 HK$’000 2024 2023 Change Revenue Building Construction Works Repair, Maintenance, Alteration and Addition (“RMAA”) Environmental Operations 6,066,037 5,414,578 511,985 139,474 5,445,560 4,703,000 528,681 213,879 +11.4% +15.1% -3.2% -34.8% Gross profit Gross profit margin 353,232 5.8% 305,991 5.6% +15.4% +0.2 ppts. Net profit (attributable to Owners of the Company) 53,715 71,887 -25.3% Earnings per share (HK cents) 10.74 14.38 -25.3% HONG KONG SAR – Media OutReach Newswire – 21 March 2025 – CR Construction Group Holdings Limited (“CR Construction” or the “Company”, together with its subsidiaries, the “Group”; stock code: 1582.HK), a building contractor in Hong Kong, announced its annual results for the year ended 31 December 2024 (the “Financial Year under Review”). During the Financial Year under Review, the revenue recorded by the Group amounted to approximately HK$6,066.0 million representing an increase of approximately 11.4% as compared to approximately HK$5,445.6 million for the year ended 31 December 2023 (the “Corresponding Period Last Year”). Net profit of the Group (attributable to Owners of the Company) during the Financial Year under Review was approximately HK$53.7 million. During the Financial Year under Review, gross profit of the Group was approximately HK$353.2 million, representing an increase of approximately 15.4% as compared to approximately HK$306.0 million for the Corresponding Period Last Year. The Group’s gross profit margin was approximately 5.8% and 5.6% for the year ended 31 December 2024 and 2023, respectively. During the Financial Year under Review, earnings per share of the Group was approximately HK10.74 cents (for the year ended 31 December 2023: HK14.38 cents). The Board recommended the payment of final dividend of HK1.8 cents per share. BUSINESS REVIEW Construction Operations Building Construction Works For the year ended 31 December 2024, the revenue generated from the building construction works was HK$5,414.5 million, representing an increase of approximately 15.1% as compared to approximately HK$4,703.0 million for the year ended 31 December 2023. During the Financial Year under Review, the gross profit of building construction works was approximately HK$238.1 million, representing an increase of approximately 16.5% as compared to approximately HK$204.4 million for the Corresponding Period Last Year. The gross profit margin was approximately 4.4% for the year ended 31 December 2024. Repair, Maintenance, Alteration and Addition (“RMAA”) The revenue generated from the RMAA works decreased by approximately 3.2% from approximately HK$528.7 million for the year ended 31 December 2023 to approximately HK$512.0 million for the year ended 31 December 2024. The decrease was mainly attributable to existing projects were closed to completion during the Financial Year under Review. During the Financial Year under Review, the gross profit of RMAA works was approximately HK$70.9 million, representing an increase of approximately 14.9% as compared to approximately HK$61.7 million for the Corresponding Period Last Year. The gross profit margin increased by approximately 2.1 ppts to approximately 13.8%. Environmental Operations The revenue generated from the environmental operations was decreased from approximately HK$213.9 million for the Corresponding Period Last Year to approximately HK$139.5 million for the Financial Year under Review. The decrease was mainly attributable to decrease in revenue from new and existing projects from construction and rehabilitation services, which was partially offset by increase from sewage and reclaimed water treatment services, during the Financial Year under Review. During the Financial Year under Review. The gross profit of environmental operations was approximately HK$44.2 million, representing an increase of approximately 10.8% as compared to approximately HK$39.9 million for the Corresponding Period Last Year. The gross profit margin increased by approximately 13 ppts to approximately 31.7%. CONTRACT COSTS The Group’s contract costs primarily consisted of subcontracting costs, material costs, direct staff costs, site overheads and provision for rectification works and claims. For the year ended 31 December 2024, the contract costs recorded by the Group were approximately HK$5,712.8 million, representing an increase of approximately 11.2% compared to approximately HK$5,139.6 million for the year ended 31 December 2023. PROSPECTS Subsequent to 31 December 2024, the Group has been further awarded 4 new projects relating to 2 building construction works contracts with original contract sum of approximately HK$4.1 billion and 2 RMAA works contract and with original contract sum of approximately HK$22.4 million. The Group has also placed significant emphasis on technological innovation to enhance its core competitiveness in the construction industry. The total expenditure for research and development was approximately by HK$20.1 million. During the Financial Year under Review, the Group has improved our “Smart Site Safety System (4S)” and successfully obtained the ISO27001 certification. There are several key modules had been optimised, including adding the Hong Kong Observatory’s real-time data to the system platform, enhancing the data interface visualization, advancing RFID equipment and systems, which further enhanced the efficiency of the tower crane and mobile plant safety alert systems, better meeting the practical needs of site workers. In addition, the Group has successfully developed a Safety Tracking Watch for construction sites, which can real-time monitor the location and health status of site workers, providing comprehensive safety protection. At the same time, the company has also optimised the certificate module in the training system, adding OCR scanning and data tracking functions to improve asset management efficiency and user experiences. The Group has also signed a memorandum of understanding (“MOU”) with the Hong Kong Centre for Construction Robotics, strengthening the collaboration in the area of innovation in the construction industry, such as smart construction technology research and development, robotics applications, talent cultivation, and commercialization. The joint efforts aim to promote intelligence and sustainability in the construction industry. In addition, the ZCIEE has successfully developed an integrated rural domestic sewage treatment equipment, which has already passed the

Media OutReach

Trend Micro to Open-source Model and AI Agent to Drive the Future of Agentic Cybersecurity

Leveraging NVIDIA AI to deliver powerful proactive security and scalable threat prevention for GenAI applications HONG KONG SAR – Media OutReach Newswire – 21 March 2025 – Trend Micro Incorporated (TYO: 4704; TSE: 4704), a global cybersecurity leader, today announced the open-sourcing of Trend Cybertron1, an AI model and agent framework designed to accelerate the development of autonomous cybersecurity agents. As one of the first specialized cybersecurity LLMs, it provides organizations and researchers worldwide access to advanced cybersecurity capabilities at no cost2. The specialized Trend Cybertron model is fine-tuned using Llama 3.1 and supports rapid, reliable deployment with NVIDIA NIM inference microservices on NVIDIA accelerated infrastructure. Kevin Simzer, COO at Trend Micro: “The secret sauce of Trend Cybertron is the data it continuously learns from, fine-tuned for optimized threat detection and mitigation. By bringing to bear the very highest quality threat data and NVIDIA’s industry-leading AI expertise, we’ve made proactive security a reality, enabling us to predict and prevent threats like never before. This innovation isn’t just a win for our customers—it’s about making the entire digital, connected world a safer place.” Global organizations are struggling to innovate and grow while being weighed down by security challenges, fragmented point solutions, and an overwhelming flood of threat alerts. The complexity demands a shift to a proactive approach. Powered by NVIDIA AI at the core, Trend Cybertron moves beyond chasing threats, applying intelligent, decision-making AI agents to predict and respond. Pat Lee, Vice President of Strategic Enterprise Partnerships at NVIDIA: “With the ability to understand, reason and take action, AI agents give organizations a powerful new cybersecurity tool. Agentic AI security agents built with the Trend Cybertron model and framework using NVIDIA AI can analyze massive amounts of data in real time to detect potential threats, adapt dynamically, and respond autonomously. ” To operationalize this vision, Trend has built its agentic AI strategy with NVIDIA AI software to accelerate cybersecurity automation, helping organizations proactively manage risks with resource scanning, risk assessment, priority-based reasoning, and actionable remediation suggestions. Organizations can apply multiple blueprints and seamlessly integrate AI agents to automate security tasks with resource scanning, proactively mitigate threats, and scale their defenses to manage threats more effectively, all within the NVIDIA ecosystem. Specifically, this will help: Enhance security posture: enabling teams to precisely anticipate risk across the entire attack surface. Reduce alert overload: alleviate fatigue for SecOps teams through more accurate prioritization. Save developers’ time: overcome security skills shortages by providing actionable insights to help them identify and remediate risks. Unleash greater value: deliver more powerful insights from existing risk sensors. Trend Cybertron is designed to proactively manage risk, leveraging threat intelligence from over 250 million sensors worldwide—the broadest in the industry. It interprets user queries, generates actionable plans, and performs a holistic risk assessment by retrieving real-time cybersecurity intelligence from Trend Micro’s cloud, ultimately providing with tailored recommendations and best practices to secure an enterprise’s AI systems. NVIDIA provided support and AI microservices for developing and deploying the model. Trend Micro trained and optimized the Trend Cybertron model for inference using NVIDIA DGX supercomputing to reduce the time required to fine-tune the model. Trend Cybertron currently consists of an 8-billion-parameter AI model and an initial specialized AI agent, with additional models and agents in development to expand its cybersecurity capabilities. A larger and more advanced version with 70-billion-parameter of the model is planned for the near future to address the cybersecurity challenges of tomorrow. To learn more about Trend Cybertron, please visit Trend Micro at NVIDIA GTC: https://resources.trendmicro.com/NVIDIA-GTC-event.html 1: Trend Cybertron is licensed under the Trend Micro Community License, which restricts its use in connection with any competing product or service. For full license details, visit Trend Micro Community License. 2: Access to Trend Cybertron is open-source, but the use of NVIDIA infrastructure, such as GPUs, may involve associated costs. Hashtag: #trendmicro #trendvisionone #visionone #cybersecurity #trendcybertron #cybertron https://www.trendmicro.comhttps://www.linkedin.com/in/trend-micro-hong-kong-96353768/https://twitter.com/trendmicroameahttps://www.facebook.com/tmhk1989/ The issuer is solely responsible for the content of this announcement. Trend Micro Trend Micro, a global cybersecurity leader, helps make the world safe for exchanging digital information. Fueled by decades of security expertise, global threat research, and continuous innovation, Trend Micro’s cybersecurity platform protects hundreds of thousands of organizations and millions of individuals across clouds, networks, devices, and endpoints. As a leader in cloud and enterprise cybersecurity, the platform delivers a powerful range of advanced threat defense techniques optimized for environments like AWS, Microsoft, and Google, and central visibility for better, faster detection and response. With 7,000 employees across 65 countries, Trend Micro enables organizations to simplify and secure their connected world. www.TrendMicro.com

Media OutReach

Trust issues: Octa’s survey about brokers’ red flags

Many factors come into play when choosing a reliable broker to start your trading journey. For someone with limited experience in the markets, this choice can be very confusing, and the priorities are hard to define. However, traders have their own trove of practical knowledge, and tapping into it can shed light on brokers’ red flags. As part of its global research, global broker Octa surveyed hundreds of Malaysian CFD traders to determine what warning signs make them avoid financial brokers. KUALA LUMPUR, MALAYSIA – Media OutReach Neswire – 21 March 2025 – Advertisements always show only one side of the coin, regardless of what is advertised. The drawbacks, on the other hand, often become known the hard way in practice. Everyone has had negative experiences with certain products or services and will never choose them again. This is especially true of e-brokerage services, where the entire trader’s journey depends on the broker and the trading platform. Any misstep on the part of the broker can be detrimental not only to the client’s experience but also to their funds. So, what are the most common red flags in brokers, according to Malaysian traders? The signs of unreliability When asked what signs are most indicative of a broker’s unreliability, survey participants named the following red flags: chart manipulations (54%) slow deposit or withdrawal transactions (51%) price slippage and non-execution of orders without any visible underlying market reason (36%) the broker’s quotes significantly differ from the quotes of other brokers (34%). These results show that a predictable and fair trading environment is a crucial factor determining Malaysian traders’ willingness to engage with a certain broker. As things stand, the broker is responsible for providing complete transparency and adequate proof of value to its clients. As a trusted and highly experienced broker, Octa works with independent, third-party liquidity providers to offer non-distorted market prices to its clients. In turn, liquidity providers aggregate prices using data from multiple sources, including banks and large financial institutions. As a result, chart prices are beyond the broker’s control. Octa also provides access to historical chart data so that traders can verify that the broker’s prices align with actual market conditions and that there were no chart manipulations or price slippages at any given time. Fair commissions and fast withdrawals are top priorities When asked what broker’s flaw is the major deal-breaker, Malaysian traders highlighted three main factors: high spreads and disadvantageous trading commissions (36%) slow deposits or withdrawals (25%) non-transparent commission model for deposits and withdrawals (18%). It is safe to say that withdrawal-related issues come to the fore for Malaysian traders when considering brokers’ red flags. This is further substantiated by the fact that 47% of survey participants said they would stop working with a broker in case of unjustified delays in or blocking of withdrawal transactions. Another 23% of respondents indicated they would immediately take their trading elsewhere if their broker charged higher withdrawal commissions than previously indicated. At the end of the day, the only way to make sure your broker is trustworthy is by trying it out yourself. For example, Octa addresses this concern by offering a highly efficient and fast withdrawal procedure that helps traders establish a long and trusting relationship with the broker and focus on trading instead of background factors. Whom to trust? The difficulties in choosing a reliable source of insights and updates are a well-known issue in the trading community. The spreading of misinformation and the proliferation of online experts with questionable credentials can cause a lot of confusion, especially among less experienced traders. When asked what signs indicate that a source of information can be fraudulent, 52% of respondents highlighted aggressive advertising. The most popular answers also include: promotion of scam investment projects (37%) trading signals manipulations (37%) lack of online reviews (31%) unconvincing member success stories (31%). This distribution of answers in Octa’s survey reflects a high demand for security measures on the part of the broker. Malaysian traders’ stance calls for thorough and efficient know-your-customer procedures that help brokers safeguard their clients from fraud and scams. Aggressive, self-imposing tactics in broker’s advertising also come across as a major red flag. Safety remains in the limelight As the previous question shows, various kinds of fraud are significant issues for many Malaysian traders. What’s more, when asked about fraud in trading education and mentoring, 23% of respondents professed to know traders who were scammed by fake educators, coaches, and mentors. What’s more, 16% have paid for false trading signals, and 14% have paid for a useless trading course. These results reflect a justifiably high dependency on efficient security measures and tools on the part of a broker. The modern cyber threat landscape is very complex, and keeping track of the best international practices is a must for any client-oriented broker. It is only natural that global brokers have a competitive edge in that respect. Their extensive reach allows them to absorb and integrate the most advanced security practices and tools from various regions, offering their clients the most efficient solutions. Conclusion According to Octa’s survey, Malaysian CFD traders tend to view the ease and speed of withdrawals as a direct indicator of a broker’s trustworthiness and reliability. A fast, hassle-free withdrawal process allows traders to feel more in control of their financial decisions, ensuring they can access their profits or capital when needed. The research also established that Malaysian traders prefer to work with brokers that provide a sense of security and transparency. They look for fair and consistent processes and want to avoid hidden fees or complex withdrawal conditions. If these requirements are met, brokers will have a much higher chance of establishing long-term relationships with clients based on mutual respect and clarity. Disclaimer: Trading involves risks and may not be suitable for all investors. Use your expertise wisely and evaluate all associated risks before making an investment decision. Hashtag: #octa The issuer is solely responsible for the content of this announcement. Octa Octa is

Media OutReach

IPRS elects new President and Council for 2025/27 term

SINGAPORE – Media OutReach Newswire – 21 March 2025 – The Institute of Public Relations of Singapore (IPRS) unveiled its 2025/27 Council lineup at its 55th Annual General Meeting & Election on March 14. Members of the Institute of Public Relations of Singapore Council 2025/27. Left to right: Serene Loo, Felicia Wee, Vanessa Wan, Cindy Lee, Koh Juat Muay, President Ross Gan (centre), Selvi R, Juliet Samraj, Jeanie Lee and Jini Pillai. President: Ross Gan Vice-President: Vanessa Wan Honorary Treasurer: Cindy Lim Honorary Secretary: Jini Pillai Council member: Serene Loo Council member: Jeanie Lee Council member: Juliet Samaj Council member: Kelvin Koh Council member: Selvi R Council member: Felicia Wee Immediate Past President [2021-2025]: Koh Juat Muay Communications and public affairs veteran Ross Gan is the new President of the IPRS for the 2025/27 term. Mr Gan is the Chief Communications Officer of Bitdeer Technologies Group, and has previously held senior leadership roles in Matrixport, Temasek and Huawei Technologies. Says incoming IPRS President Ross Gan: “Each new Council stands on the shoulders of those who have come before. IPRS has benefitted from Juat’s stewardship mindset – working tirelessly alongside the Council to purposefully shape an IPRS that is future ready. To thrive as the centre of excellence for communication professionals, the operating realities of today’s industry practitioners must be adequately reflected in the value proposition of the IPRS. Having a good market fit will serve us well in our brave new world of disintermediation, fragmentation, fake news, online scams and generative AI.” “From corporate boardrooms to philanthropic causes, the IPRS is standard bearer for the art and science of the communications discipline which is the undeniably lynchpin in navigating these secular trends to reinforce trust amongst stakeholders.” Ross Gan will take over the baton from Immediate Past President Koh Juat Muay. Says Ms Koh: “It has been an honour and privilege to serve as President of the IPRS for two terms. The last four years has been a fulfilling journey of giving back to the Institute and industry that I love. My deepest thanks to my fellow Council members, members of IPRS and the Secretariat team for their immense help and support. My best wishes to the excellent new Council 2025/27. The future is bright for PR and the IPRS.” Hashtag: #IPRS The issuer is solely responsible for the content of this announcement. About IPRS IPRS, established in 1970 as a non-profit organisation, is the only accrediting body for Public Relations (PR) practitioners in Singapore. The Institute promotes excellence in the industry through knowledge exchange platforms and training programmes that are aligned with the many changes and developments in the practice of PR and Communications today. IPRS has a growing membership consisting of professionals from diverse backgrounds in public relations, journalism, advertising, marketing, education and management – a factor that has contributed to the Institute’s strength and dynamism. There are ten Student Chapters with various tertiary institutions to create opportunities for communications students and IPRS members to share expertise and experiences. The IPRS introduced the Biennial PRISM Awards (Public Relations In the Service of Mankind) in 1987 to recognise and reward excellence in PR and Communications in Singapore and regionally. The IPRS PRISM Summit was established in 2022 to further industry development and growth, and held biennially, alternating with the IPRS PRISM Awards. Together they present a community platform to lead and showcase the PR industry’s best in Singapore and the region.

Media OutReach

China Mobile International Launched “AI+ Global Solutions” and “CMI AI LLM Integrated Server” at AI+ Era Global Development Forum

HONG KONG SAR – Media OutReach Newswire – 20 March 2025 – China Mobile International (“CMI”) hosted the AI+ Era Global Development Forum in Hong Kong on March 19. Distinguished guests included Li Huidi, Executive Vice President of China Mobile; Mu Chenhong, Deputy Director of the Information Center, Liaison Office of the Central People’s Government in the Hong Kong SAR; Wong Chi Kwong, Tony, JP, the Commissioner for Digital Policy of the HKSAR Government; Norman Chan Tak-lam, GBS, JP, Founding Chairman of the Council of Institute of Web 3.0 Hong Kong and former chief executive of the Hong Kong Monetary Authority; and H.E. Chun Vat, Ministry of Post and Telecommunications of the Kingdom of Cambodia. Under the theme “AI-Powered Voyage: Navigating Global Horizons”, the Forum brought together over 800 leaders from government, industry, academia and the ecosystem to explore collaborative opportunities for leveraging artificial intelligence (AI) technology to promote the overseas expansion of Chinese enterprises. Li Huidi, Executive Vice President of China Mobile, delivered the opening address. In his speech, Li Huidi stated that the deep integration of artificial intelligence and the new generation of information technology has led to the new “AI+” era across various sectors. “AI+” brings five “news”: First, it creates new scenarios for an intelligent lifestyle, where the increasingly popular AI devices, from autonomous driving to smart home assistants, are making smart living more accessible. Second, it unlocks new paths for technological inclusivity, the innovation of open-source LLMs significantly reduces the costs of AI training, enhances reasoning capabilities, and broadens application scenarios. Third, it leads to a new pace in technological development, with “AI for Science” emerging as a mainstream paradigm for technological innovation, greatly improving research efficiency and productivity. Fourth, it reshapes new paradigms for industry transformation, with AI LLMs integrating “general capabilities + specific knowledge” deeply into industry production processes, dramatically boosting productivity. Fifth, it constructs a new form of social governance, where clusters of intelligent agents create a new model of “human-machine co-governance” through intelligent decision-making, raising the standard of modernization in social governance. Li Huidi reaffirmed China Mobile’s commitment to positioning itself as “a world-class information service technology innovation company”. The company is advancing the “AI+” action plan and systematically building “AI+” infrastructure, accelerating “AI+” technology development and deepening the scenario application of “AI+” to provide support for the global socio-economic digital transformation. Mr. Li also proposed four “AI+” initiatives: First, to foster the industry integration by enhancing synergy across the “AI+” industry through the establishment of a comprehensive international intelligent system and fostering advancement across all sectors. Second, to focus on cooperation within the “AI+” ecosystem by working together to promote the prosperity of the “AI+” ecosystem and making “AI+” services accessible to every industry. Third, to promote global expansion of “AI+” technologies by establishing “AI+” super-nodes to position the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) as the leading hub for global AI innovation. Fourth, to foster international collaboration on “AI and ensure global access to the benefits of digital intelligence. During the forum, CMI announced the launch of the “AI+ Global Solutions” and the “CMI AI Large Language Model (LLM) Integrated Server”. In additional, CMI and various ecosystem partners initiated the “AI+ Go Global Ecosystem Alliance” to collaborate with leading industry experts and partners in exploring how AI can empower diverse industries during the digital transformation and reshape the future industry landscape. China Mobile International held the launch ceremony of the AI+ Global Solutions and AI LLM Integrated Server. CMI AI+ Global Solutions: Empowering Intelligent Transformation for Global Enterprises Tailored to five major industries of technology, manufacturing, transportation and logistics, finance, and energy, the CMI AI+ Global Solutions framework is built on a five-layer product system that encompasses everything from fundamental connectivity to solutions to fully address all segments of digital transformation for enterprises. It integrates core capabilities, such as LLMs, IoT connectivity management, and multi-cloud management, to deliver standardized platform-based universal solutions. With this innovative approach, CMI is helping enterprises to achieve efficient and flexible intelligent transformation in the “AI+” era. It provides robust digital support for global expansion, equipping businesses with the tools necessary to compete successfully in the global market. CMI AI LLM Integrated Server: New Benchmark for Cross-Border AI Infrastructure The CMI AI LLM Integrated Server is an intelligent computing system designed for secure and private data processing within enterprises. With local deployment, it operates within company’s private environment, ensuring data security while optimizing computing efficiency and intelligent processing. The server leverages CMI’s strengths in resource integration, including computing power deployment, LLMs, and scenario-based industry applications, to seamlessly integrate hardware, software, and network, significantly reducing deployment and maintenance costs. The CMI AI LLM Integrated Server is debut in February, achieving a successful deployment in the Asia-Pacific financial services sector. China Mobile International held the launch ceremony of the AI+ Go Global Ecosystem Alliance. AI+ Go Global Ecosystem Alliance: Open and Collaborative AI Industry Ecosystem During the Forum, CMI collaborated with various industry partners to launch the AI+ Go Global Ecosystem Alliance. It aims to create an open, cooperative, and mutually beneficial “AI+” ecosystem by integrating top industry resources. The alliance will work with partners to offer full-stack capabilities, encompassing AI computing power, models, and applications, and to explore diverse scenarios to expedite AI deployment across industries such as technology, manufacturing, transportation and logistics, finance, and energy. Recognizing the power of ecosystem-driven innovation, CMI launched the iSolutions Partner Ecosystem Alliance in early 2024. Known as the iStar Program, it is designed to broadly expand the “AI+” service sector, promote resource sharing, and support Chinese enterprises in their global expansion. As “AI+” technology evolves, the iStar Program is being continuously upgraded. The establishment of the AI+ Go Global Ecosystem Alliance marks a significant milestone for the iStar Program, further consolidating industry resources, accelerating the overseas expansion of Chinese enterprises and their global presence. In addition, CMI joined forces with industry experts in AI computing, LLMs, and robotics in a roundtable discussion that explored commercial AI applications, emerging

Scroll to Top

Subscribe
FREE Newsletter