Media OutReach

HANOI, VIETNAM – Media OutReach Newswire – 28 February 2025 – The rise of powerful artificial intelligence (AI) like DeepSeek is transforming the world at an unprecedented pace, sparking enthusiasm and deep concerns about its potential risks. On that subject, “AI godfather” Yoshua Bengio – Laureate of the 2024 VinFuture Grand Prize – highlighted the urgent need for national and global efforts to regulate AI and ensure equitable benefits for all. “AI Godfather” and 2024 VinFuture Grand Prize Laureate Yoshua Bengio (left) warns global superpowers about the risks AI poses to humanity. Double-edged sword Since the beginning of 2025, the rise of DeepSeek has been described as a “black swan” moment creating a game-changing shift in an AI landscape almost overnight. It is a wake-up call showing that powerful AI can be achieved without exorbitant costs, challenging the prevailing “money equals progress” model. Regarding this, Yoshua Bengio, often regarded as “one of the godfathers of modern AI,” warned that its breakthrough in AI affordability could pose serious risks. “If open-weight AI models, like DeepSeek, are distributed completely, terrorists may exploit them for disinformation campaigns, cyberattacks, or even bioweapon development,” he stated in an interview with VinFuture Foundation. “This is a double-edged sword because while these systems become more available, cheaper, and more powerful, they also lower the barrier to misuse.” Yoshua Bengio, a pioneer in neural networks and deep learning algorithms, has been recognized with numerous prestigious international awards, including the 2018 A.M. Turing Award, the 2024 VinFuture Grand Prize, and most recently, the 2025 Queen Elizabeth Prize for Engineering. He emphasized that AI is evolving toward greater autonomy, with systems capable of planning and acting in pursuit of a goal. “Today, AI already surpasses humans in certain domains. It can master hundreds of languages and pass PhD-level exams across multiple disciplines“, he explained. Despite these current limitations in long-term planning abilities, major technology corporations have thrown billions of dollars into developing AI agents capable of autonomous decision-making over extended periods. While this promises efficiency gains, it raises concerns about large-scale job displacement. Beyond economic shifts, a far more critical issue looms – the loss of human control over AI. In controlled experiments, some AI systems have even engaged in deceptive behavior to prevent being shut down – a troubling sign of self-preservation tendencies. “This is alarming because we don’t want machines that will compete with us,” he emphasized. According to Bengio, while they are not yet intelligent enough to pose a major threat, this trajectory is concerning. “In a few years, they might be sufficiently smarter and we need to start paying attention before it is too late,” Bengio warned. Coupled with technical risks, AI presents a profound threat to privacy and civil liberties. Recently, a comprehensive International AI Safety report, chaired by Yoshua Bengio and compiled by 96 experts from 30 countries and organizations (including the UN, EU, and OECD) to guide policymakers on AI safety, revealed the growing potential for AI misuse in malicious activities. Bengio noted that AI’s ability to process vast amounts of data can empower individuals, corporations, or governments with unprecedented control. Given AI’s uncertain future, he shared that the way humans manage AIs in the future will be central to preventing this scenario. “We need to make sure that no single person, no single corporation, and no single government can have total power over super intelligent AI,” he emphasized. Advances by the Chinese startup DeepSeek could further intensify the AI race among superpowers, raising a worrying development in a field dominated by the Silicon Valley and large Western tech companies in recent years. “The danger here is that in their race to outpace each other, safety issues might be overlooked. We can be all the victims of this race if we are not careful enough,” Bengio cautioned. Moreover, the intensifying race is expected to drive profound environmental consequences, particularly in energy consumption. Major AI companies, pushed by the prospect of massive profits, are willing to absorb high energy costs. This surge in demand will inevitably drive-up energy prices across the board, including electricity, oil, and other resources, affecting not just tech firms but households and industries worldwide. This is where unchecked market forces and national competition could lead to global losses. “That is why government intervention is crucial. Policymakers must negotiate agreements that cap energy consumption at sustainable levels. Otherwise, the forces of competition between companies will only accelerate AI expansion in ways that are not just unsustainable but potentially dangerous,” Bengio urged. Bridging the AI divide The godfather of AI has raised urgent calls to establish robust ethical frameworks and regulatory measures to ensure responsible development and deployment. “Currently, there is essentially no regulatory framework almost anywhere in the countries where these systems are being developed. I think the governments have a responsibility to at least require a kind of reporting to them,” he said. Responsibility is another key aspect. In many countries, legal principles hold companies accountable for products that cause harm. However, when it comes to software, liability remains a grey area, according to Bengio. “Clarifying liability laws would be a simple but effective step. If companies knew they could face lawsuits for negligence, they would have stronger incentives to manage risks properly,” he asserted. He also emphasized that it would require a concerted effort from individuals and institutions who recognize the existential risks, like catastrophic malicious use. Elsewhere, concerns over job security and future employment opportunities loom. “The timeline for this shift is uncertain, but we could see radical transformations within five to ten years,” Bengio predicted. While some jobs will inevitably be replaced by automation, Bengio emphasized that not all professions are equally at risk. “Expanding digital and AI education is essential, but it will not be a universal solution. Not everyone can become an AI engineer,” he noted. Instead, roles that require emotional intelligence and human interaction, including healthcare professionals, therapists, and managers, are more likely to endure. Rather than individual adaptation, Bengio poses a larger

BANGKOK, THAILAND – Media OutReach Newswire – 28 February 2025 – The Creative Economy Agency (Public Organization), or CEA, has revealed that Thailand’s music and content industries continue to experience sustained growth, aligning with the global expansion of the sector. To ensure that Thai artists and content creators can achieve lasting success on the international stage, CEA is set to launch two major flagship projects in 2025, building on their remarkable achievements of 2024. The ‘Music Exchange’ project aims to propel Thai artists onto global festival stages while attracting international event organizers and promoters to Thailand, creating invaluable opportunities for local musicians and businesses. Meanwhile, the ‘Content Lab’ initiative serves as a platform for Thai content creators to connect with investors both domestically and internationally, paving the way for commercial production. Additionally, it will focus on upskilling professionals in film, series, and animation, ensuring their expertise meets global standards and aligns with key target markets. These initiatives are expected to drive employment opportunities and contribute significantly to Thailand’s economic growth, further strengthening the country’s position in the international creative industry. CEA Drives Thailand’s Creative Industry Forward: Expanding Thai Music and Content into Asian and European Markets Dr. Chakrit Pichyangkul, Executive Director of the Creative Economy Agency, stated, “The creative content and media industries—encompassing music, film, series, and animation—continue to thrive globally, particularly in the digital streaming era, which have made access to entertainment more seamless than ever. Additionally, the full-scale revival of concerts, music festivals, and cinemas in the post-COVID era has further accelerated this growth. For Thailand, these industries are expanding in line with global trends. Currently, the music business in Thailand is valued at 3-5 billion baht, while the film, series, and animation industries are worth approximately 18 billion baht. This sector has been attracting growing interest from both audiences and investors, domestically and internationally. A testament to this momentum is the recent success of Thai films and series, which have not only generated impressive revenues but have also secured screenings at international film festivals. A standout achievement is the critically acclaimed film How to Make Millions Before Grandma Dies, known locally as Lahn Mah, which was recently selected as one of 15 films shortlisted to determine the five final nominees for the Best International Feature Film category at the Academy Awards 2024. This recognition reinforces the immense potential of Thai creators in these industries and their ability to compete on the world stage.” A crucial factor in propelling Thailand’s music and content industries towards global success lies in financial investment and sustained government support. This backing enables artists and content creators to produce high-quality work and consistently showcase their talent on the international stage. Countries that prioritize the development of their creative industries, such as South Korea, Japan, the United States, and the United Kingdom, have established dedicated agencies to support music businesses, screenwriters, and content creators. These agencies not only drive employment and attract foreign investment but also contribute significantly to measurable economic growth. Inspired by these successful models and recognizing the immense potential of Thailand’s music and content industries, the Creative Economy Agency (Public Organization), or CEA, has implemented the ‘Flagship Industries Project’ strategy within the Creative Content & Music sector. This initiative focuses on film, series, animation, and music, serving as a key economic driver that will generate substantial revenue for Thailand while solidifying the nation’s presence in the global creative economy. CEA continues to propel Thailand’s music industry forward and strengthen the Thai Music Wave through the Music Exchange project, which is built on two core activities: ● PUSH – Supporting Thai artists in securing performance slots at international music festivals, helping them expand their fan base and introduce their music to global markets. Notable participating artists include 4EVE, Alec Orachi, WIM, and Polycat. ● PULL – Inviting international music festival organizers and business stakeholders to witness live performances by Thai artists while facilitating business matching sessions to foster networking and commercial opportunities. This project is driven by the strategic development plan for Thailand’s creative music industry, with a focus on increasing economic value and propelling the industry onto the global stage. Beyond international exposure, CEA is committed to elevating the creative capabilities of Thai musicians, ensuring they remain competitive in the global arena (Strategy: Building Global Standard). Additionally, the initiative emphasizes music intellectual property protection (Strategy: Promoting Music IP) and aims to strengthen the music business ecosystem (Strategy: Strengthening Music Business Ecosystem), fostering diversity and long-term industry sustainability. Over the past year, Music Exchange has successfully showcased Thai artists in key markets such as Japan, China, and South Korea, forging connections with major global businesses. Throughout 2024, the project has supported over 70 performances by Thai artists, attracting 78 music festival organizers and industry professionals from Asia-Pacific, Southeast Asia, Europe, and the United States. These efforts have facilitated more than 300 business opportunities, boosting international visibility for Thai artists and reaching a global audience with 35 million views. In its mission to strengthen Thailand’s film, series, and animation industries, CEA has spearheaded the Content Lab initiative, designed to nurture and elevate Thai content creators from emerging talents to industry professionals. Through incubation programs, the initiative provides structured training courses tailored to both fundamental and advanced skills, ensuring that participants gain expertise relevant to the evolving demands of the content industry. Additionally, selected projects receive funding to develop their ideas into pilot projects, which can then be pitched to film studios and potential investors. A key highlight of the initiative is the launch of Thailand’s first-ever ‘Content Project Market’—a dedicated marketplace where participants from incubation Programs, as well as independent content creators, can showcase their projects to investors, paving the way for commercial production. In 2024 alone, Content Lab successfully upskilled over 288 participants, empowering them with essential content creation expertise. Moreover, one of the projects that received funding for pilot project development from Content Lab 2023, the film ‘Happy Monday(s)’ or Sawasdee Wan Jan(s) [สวัสดีวันจันทร์(ส)], has successfully transitioned into full-scale production.

HONG KONG SAR – Media OutReach Newswire – 28 February 2025 – Renaissance College (RCHK) is thrilled to announce that its Learning Technology hub, the Red Door Centre (RDC), and the Library have been recognised for excellence at the prestigious Greater Bay Area (GBA) School Awards. The school received the Judges’ Choice Award in the “EdTech Program K-12” category and was named a finalist in both the “EdTech Program – Primary” and “School Library” categories. The Judges’ Choice Award in the “EdTech Program K-12” category recognises RCHK’s innovative approach to modern STEM education. The RDC helps the school to integrate advanced technological programmes that empower students to explore, experiment, and bring their ideas to life. Through hands-on experiences with robotics, filmmaking, maker-centred learning, and visual content creation using green screen technology, students learn to apply their knowledge in practical and engaging ways. This approach fosters critical thinking, creativity, and collaboration—essential skills for success in the 21st century. RCHK’s commitment to fostering a love of reading and creative thinking was also recognised with its Library’s finalist status in the “School Library” category. The library serves as a dynamic learning space, offering a rich collection of resources and supporting students in their academic pursuits and personal growth. “We are incredibly proud of this achievement,” said Mr. Stu Lowe, Vice Principal (Learning Technologies) at Renaissance College. “These awards showcase the amazing work of the Learning Technology and Library Teams. Renaissance College embraces the use of technology to enhance teaching and learning across the entire school. Seeing that recognised in these awards is a tremendous honour and a reflection of our commitment to innovation.” The following individuals were instrumental in this success: Ms. Ness Matthews, Primary Learning Technology Coach Mr. Sze Lok Kai, Learning Technology Educational Assistant Mr. Stu Lowe, Vice Principal (Learning Technologies) Mr. James Sandford, Secondary Learning Technology Coach Mr. Jœrgen Mortsensen, Media Literacy & Authentic Technology Integration Coach Ms. Kim Wells, Library Coordinator Ms. Melissa Cooper, Library Teacher Ms. Shirley Chan, Librarian (Teaching) Hashtag: #RCHK #technology #awards #education #internationalschool #hongkong #gba https://rchk.esf.edu.hk/https://www.linkedin.com/school/renaissance-college-hong-kong/https://x.com/RCHKschoolhttps://www.facebook.com/RenaissanceCollegeHKhttps://www.instagram.com/rchkschool/ The issuer is solely responsible for the content of this announcement. About ESF Renaissance College Hong Kong Renaissance College Hong Kong (RCHK), a student-centred independent school founded by the English Schools Foundation (ESF) in 2006, serves the local and expatriate communities. Offering all four International Baccalaureate (IB) programmes (PYP, MYP, DP, CP), RCHK provides a through-train education for students aged 5-18. With over 2,000 students representing 40+ nationalities, RCHK celebrates its diverse community, where English is the language of instruction. Students benefit from rich Education Outside of the Classroom (EOTC) and Creative, Action, Service (CAS) programmes, fostering real-world learning and community engagement. RCHK’s Red Door Centre, a state-of-the-art technology hub, provides 1:1 devices (iPads Years 1-3, MacBooks Years 4-13), robotics equipment, and modern fabrication facilities, integrating technology across the curriculum. Wellbeing is paramount at RCHK, with strategies in place to ensure every child feels known and supported. The College also offers scholarships for driven and ambitious secondary students, and financial aid (Youth Empowerment Scheme) to promote inclusivity.

SINGAPORE – Media OutReach Newswire – 28 February 2025 – The Institute of Singapore Chartered Accountants (ISCA) has officially launched its first Professional Services Centre in Johor Bahru (JB), which is strategically located within the Johor-Singapore Special Economic Zone (JS-SEZ). As part of plans to expand its regional footprint, ISCA hopes to tap on the potential growth opportunities within the JS-SEZ, and to contribute to the growing economic ties between Singapore and Malaysia. ISCA’s Professional Services (PS) Centre in Johor Bahru is the first of 10 such centres that ISCA will be launching across major cities around the world by June 2025, to support the growth of businesses in their respective countries. These centres mark a new joint partnership between ISCA and the following organisations, which are part of ISCA’s Professional Accountancy Hub: Association of Small & Medium Enterprises (ASME) Institute of Valuers and Appraisers, Singapore (IVAS) Law Society of Singapore Singapore Manufacturing Foundation (SMF) Tax Academy of Singapore ISCA’s PS Centre in Johor Bahru will serve as a conduit to promote the expansion and availability of professional services such as accounting, sustainability, legal, business valuation, taxation and other corporate services, to meet the needs of Singaporean businesses seeking to expand in Malaysia and vice versa. In addition, it will help to foster cross-border partnerships, and drive the development of accountancy talent in both countries. This is done in anticipation of the future growth of businesses in the JS-SEZ, as more entities tap on the collective resources and collaborative environment within the Zone to expand operations. ISCA expects a considerable increase in demand for professional services and accountancy firms to meet these needs and navigate evolving regulations from a growing pool of clients, particularly in areas such as corporate set-up, cross-border taxation, business expansion advisory, sustainability standards and adoption of technologies. Recognising the growing need for professional services, the Malaysian government recently announced a target to train 60,000 professional accountants by 2030. The JS-SEZ will create even more demand for professional accountants. In alignment with this vision, ISCA will be forming partnerships with local universities based in Malaysia (Sunway TES College, University of Reading Malaysia, and the University of Southampton Malaysia) to create dedicated pathways for their students to pursue the Singapore Chartered Accountant Qualification (SCAQ), though provisions of resources, learning support as well as scholarships. “ISCA is committed to supporting the growth of the Johor-Singapore Special Economic Zone,” said Mr Teo Ser Luck, President of ISCA. “Our Professional Services Centre in Johor Bahru and our partnerships with universities in Malaysia aim to ensure that businesses across both countries prosper, and that a steady supply of skilled accountants will be available to support the Zone’s development. We also look forward to facilitating regional interaction between Malaysian and Singaporean professional services firms, fostering knowledge sharing and mutually beneficial relationships.” “By leveraging Singapore’s expertise in family offices and sustainability, ISCA’s new business centre in Johor Bahru will provide their members and Malaysian SMPs with the tools and knowledge they need to adapt and excel in an increasingly interconnected world. Together, the joint expertise and resources of the accounting fraternity from both countries will surely be an important support to the development of the JS-SEZ,” said Mr Wong Wen Tak, CEO of Grant Thornton Malaysia – Johor Office. For more information on the quotes from ISCA Professional Services Centre Partner Organisations, please refer to the Annex via our website. Hashtag: #ISCA The issuer is solely responsible for the content of this announcement. Institute of Singapore Chartered Accountants The Institute of Singapore Chartered Accountants (ISCA) is the national accountancy body of Singapore with over 39,000 ISCA members making their stride in businesses across industries in Singapore and around the world. ISCA members can be found in over 40 countries and members based out of Singapore are supported through 12 overseas chapters in 10 countries. Established in 1963, ISCA is an advocate of the interests of the profession. Complementing its global mindset with Asian insights, ISCA leverages its regional expertise, knowledge, and networks with diverse stakeholders to contribute towards the advancement of the accountancy profession. ISCA administers the Singapore Chartered Accountant Qualification programme and is the Designated Entity to confer the Chartered Accountant of Singapore – CA (Singapore) – designation. ISCA is a member of Chartered Accountants Worldwide, a global family that brings together the members of leading institutes to create a community of over 1.8 million Chartered Accountants and students in more than 190 countries. For more information, visit www.isca.org.sg.

HANOI, VIETNAM – Media OutReach Newswire – 28 February 2025 – VinFast and Motech Automotive Service Centers, through its franchisor and operator in the Philippines, officially signed a Memorandum of Understanding (MOU) on expanding the service network for VinFast electric vehicles in the market. The agreement aims to meet the increasing demand for electric vehicles among Filipino consumers, while affirming VinFast’s long-term commitment and determination to promote green transformation across the region. VinFast Philippines Director of After-Sales Service, Margarita Olivia Cuena Delfinado (left) and Motech Automotive Philippines President and CEO, Johann Rommel Naguiat at the MOU signing ceremony. Under the MOU, VinFast and Motech will actively work together toward the goal of accrediting 63 Motech service workshops as authorized VinFast service centers. These service centers will be authorized to perform repairs, warranties, and maintenance for VinFast electric vehicles in the Philippines. As part of its commitment to enhancing customer experience, VinFast plans to establish more than 100 similar service workshops across the Philippines this year, and its recent agreement with Motech is part of the Vietnamese electric vehicle maker’s plan to expand its partner network in the Philippines. Motech’s service workshops will meet VinFast’s standards for facilities, equipment, and personnel, with a priority on providing genuine services and parts to VinFast owners. To facilitate the rapid expansion of Motech’s authorized VinFast service workshop system, VinFast will provide personnel training and technical advice. This support is especially important given the expected volume growth of VinFast electric vehicles in the Philippines. Motech currently operates a chain of auto service centers with a variety of models and scales, encompassing hundreds of facilities throughout the Philippines, including locations from the tip of the Philippine archipelago in Tuguegarao, to the main cities of Metro Manila, and down south to the island of Mindanao. Furthermore, the two parties will actively explore business cooperation opportunities, information sharing, and joint marketing activities related to electric vehicle after-sales services in Southeast Asia. Johann Rommel Naguiat, President and CEO of Motech Automotive Philippines shared: “Motech is thrilled to partner with VinFast as an authorized service provider for their electric vehicles in the Philippines. Confident in VinFast’s potential within Southeast Asian market, Motech looks forward to this collaboration to support the growing EV market and to continue to deliver exceptional customer experience. Further, this partnership between VinFast and Motech, a first of its kind in the Philippines, helps the Philippine market embrace the change to greener mobility, by answering the issue of not only range anxiety, but that of the issue of service anxiety as well. With Motech’s network of stores and the reputation it has built in its communities, VinFast customers can drive with confidence, that their VinFast vehicle will be well cared for, anywhere at anytime.“ Mr. Pham Sanh Chau, CEO of VinFast Asia, said: “Leveraging Motech’s strong reputation, experience, and extensive service network, we aim to provide Filipino customers with peace of mind and satisfaction, aligning with VinFast’s core principles of high quality vehicles, inclusive pricing, and outstanding after-sales policy. We are confident this partnership will simplify EV ownership and usage, empowering customers to join the global movement towards green transportation.“ Since officially entering the Philippine market in 2024, alongside launching its green and smart car models, VinFast has strongly affirmed its long-term commitment through attractive sales policies and a continuously expanding after-sales network. By partnering with leading, reputable after-sales service providers, VinFast has not only optimized its Philippine operations but also strengthened its brand recognition, demonstrating its “Customer-centric” philosophy throughout its global expansion. In Southeast Asia, VinFast is actively pursuing its “For a Green Future” vision by developing a comprehensive and inclusive electric vehicle ecosystem, focusing on expanding the network of charging stations through collaborative efforts. This vision has achieved significant success in Vietnam and is expected to continue growing in other potential markets./.Hashtag: #vinfast https://vinfastauto.id/en The issuer is solely responsible for the content of this announcement. About VinFast VinFast – a subsidiary of Vingroup JSC – is Vietnam’s leading automotive manufacturer committed to its mission of creating a green future for everyone. VinFast manufactures a portfolio of electric SUVs, e-scooters and e-buses in Vietnam and exports to the United States and Europe. Learn more at https://vinfastauto.ph/ About Motech Motech Philippines, founded in 1977, is an after-warranty car service shop that started in Angeles City, Pampanga, Philippines. With education and service as its main thrust, Motech continues to train and produce top line mechanics, who are not only trained technically, but also places a high priority for excellence in customer service. Today, Motech has 63 outlets in key areas nationwide, with a database of over 300,000 and counting. Motech offers standard car repair services such as: Maintenance, Brakes, Suspension, Clutch, Batteries, and Tires Services.

Resilient response to challenges, highlighting AI and Northern Metropolis HONG KONG SAR – Media OutReach Newswire – 28 February 2025 – KPMG welcomes the Hong Kong Government’s Budget, recognising it as a well-considered strategy that balances the needs of society with economic development goals. The Budget focuses on key areas such as Artificial Intelligence (AI), infrastructure investment, and innovative industries, creating new opportunities for high-quality economic growth in Hong Kong while further strengthening its international competitiveness. The Hong Kong SAR Government has revised its 2024/25 Budget, projecting a consolidated deficit of HKD 87.2 billion. By the end of March 2025, Hong Kong’s fiscal reserves are expected to reach HKD 647.3 billion, closely aligning with KPMG’s estimates of HKD 89.7 billion deficit and HKD 645 billion in reserves, indicating that fiscal reserves remain relatively robust. The projected GDP growth rate for 2025/26 has been adjusted to between 2% and 3%, down from the previous year’s forecast of 3.2%. KPMG attributes this revision to ongoing geopolitical uncertainties and a slower-than-expected decline in interest rates. To address these challenges, KPMG recommends that the government allocate more resources to high-growth sectors such as asset management and innovation, aiming to stimulate economic growth in Hong Kong and deliver benefits to the general public. John Timpany, Head of Tax in Hong Kong, KPMG China, says: “In the Budget, the HKSAR Government has clearly positioned AI as the core driver for cultivating new quality productive forces, and is promoting its development through a series of policy measures, fully demonstrating Hong Kong’s ambition as an international innovation and technology hub. We are pleased to see the Government leveraging the advantages of ‘One Country, Two Systems’ to actively establish Hong Kong as an international exchange hub for the AI industry, and strengthening the integration of scientific research and industrial applications through projects such as Cyberport’s AI Supercomputing Centre, Hong Kong Microelectronics Research and Development Institute, and the soon-to-be-established Hong Kong Artificial Intelligence Research and Development Institute. This not only creates opportunities for local technology companies but also injects new momentum into the transformation and upgrading of traditional industries, narrowing the gap with other leading jurisdictions.” Stanley Ho, Tax Partner, KPMG China, says: “To ensure the strategic infrastructure projects stay on schedule, KPMG believes that raising capital by issuing government bonds at a moderate pace is a wise move. We support the government’s commitment to using bond proceeds exclusively for infrastructure investments, ensuring they are not directed towards recurring government expenditures. This disciplined approach, outlined in the new bond program, should keep the government debt-to-GDP ratio at a manageable level and protect Hong Kong’s credit rating. We encourage the government to proactively explore ways to make infrastructure projects more cost-effective. Embracing technological innovations and encouraging public-private partnerships are two promising avenues for expense optimisation.” Alice Leung, Tax Partner, KPMG China, says: “We welcome the Financial Secretary’s proposal to expand the classes of investments permitted under the family office tax regime. To make Hong Kong even more attractive to family offices, it makes sense to include digital assets and art as eligible investments. These are already common asset classes for family offices, so adding them to the regime could encourage more family offices to set up in Hong Kong. This would be a win-win, creating jobs and boosting demand across a range of professional services. Additionally, it is encouraging to see the government actively pursuing tax treaties with 17 jurisdictions – this is a significant step in supporting Hong Kong taxpayers investing overseas. We also applaud the government’s initiative to attract more commodity trading activity to Hong Kong through a competitive 8.25% tax rate. These measures will inject vitality into the local market, enhance liquidity, and further solidify Hong Kong’s role as an international financial centre.” Chi Sum Li, Head of Government & Public Sector in Hong Kong SAR, KPMG China, said: “We support the government’s prioritisation of investment in developing the Northern Metropolis. The focus on key industries such as innovation and technology, high-end professional services, modern logistics, tertiary education, cultural, sports, and tourism in the area demonstrates a commitment to a diversified development blueprint. Meanwhile, the accelerated progress of projects like Kwu Tung North / Fanling North, along with the implementation of transport infrastructure including the Northern Link and Hong Kong-Shenzhen Western Railway, will enhance connectivity in the region and lay a solid foundation for commercial and innovation technology development. We believe the development of the Northern Metropolis will inject new vitality into Hong Kong’s economy and create better living and career prospects for citizens.” In terms of nurturing and attracting talent, KPMG welcomes the government’s proposal to enhance the “New Capital Investment Entrant Scheme”. It is encouraging to know the scheme has already received over 880 applications with an expected HKD 26 billion in investments. We suggest lowering the residential property price threshold from HKD50 million to HKD 30 million. This would open up the scheme to a broader range of talents looking to invest in Hong Kong real estate and we don’t anticipate this change having a major impact on housing affordability for the general public. Additionally, the government can consider shortening the current seven-year waiting period for permanent residency applicants, to make the scheme even more attractive. Amid fiscal constraints, the government has taken measures to control expenditure growth. For 2026/27 and 2027/28, the Financial Secretary announced a 2% annual reduction in the civil service, with an estimated reduction of approximately 10,000 positions by April 1, 2027. Additionally, a salary freeze for all personnel across the executive, legislative, judicial branches, and district councils has been proposed for 2025/26. KPMG believes that job cuts and the salary freeze are signals to the public that the government is closely monitoring its spending, as taxpayers would expect during a period of fiscal deficits. This demonstrates the Hong Kong government’s commitment to prudent management of public finances. In light of the fiscal deficit and the aging population, KPMG supports the government’s proposed optimisation of the “HKD 2 Public Transport

Inspiring Collaboration and Innovation to Drive Impactful Research Addressing Global Challenges HONG KONG SAR – Media OutReach Newswire – 28 February 2025 – Hong Kong Baptist University (HKBU)’s inaugural International Interdisciplinary Research Summit (IIRS) has convened leading scholars, researchers, and innovators from diverse fields from Hong Kong and worldwide to foster collaboration and address pressing global challenges, particularly in fields including Data Analytics & Artificial Intelligence (AI), and Health and Drug Discovery. Hong Kong Baptist University (HKBU) hosted its inaugural International Interdisciplinary Research Summit (IIRS), convening international scholars, academics, professors, and researchers from HKBU and other universities across Hong Kong. Interdisciplinary Solutions: Enabling Early Identification of High-Risk Individuals for Disease Treatment In a world where health challenges have reached unprecedented levels, HKBU’s inaugural International Interdisciplinary Research Summit (IIRS) showcased how interdisciplinary collaboration, between Data Analytics & Artificial Intelligence (AI), and Health and Drug Discovery, can revolutionize and accelerate the development of new and more effective treatments for a range of diseases. As highlighted by Vice President (Research and Development) Professor Aiping Lyu, the university is dedicated to fostering international research collaboration against today’s complex challenges. He noted that the university’s focus on four transdisciplinary clusters – creative media and practice, health and drug discovery, analytics and AI, and humanity and culture, is crucial for fostering innovation. Keynote speakers of the Summit included Professor Jeremy Nicholson, Director, Australian National Phenome Centre, Murdoch University, Australia; Albert Einstein Honorary Professor of Medical Biochemistry, Chinese Academy of Sciences, China; Emeritus Professor of Biological Chemistry, Imperial College London, UK. Known to be one of the world’s foremost coronavirus experts, Nicholson covered the topic of “Molecular Phenomic Approaches in Population Health and Disease Diagnosis”. He unveiled how AI and advanced data analysis are used to analyse genes and lifestyle, highlighting that studying humans for future scientific relevance requires considering the complex interplay of genes, environment, politics, funding, and human interactions that ultimately influence the translation of science into clinical medicine. Professor Thomas Efferth, Director, Institute of Pharmaceutical and Biomedical Sciences, and Chair, Department of Pharmaceutical Biology, Johannes Gutenberg University, Germany, leads a research team developing compounds that could replace opioids as pain relief without addiction. In the speech titled “Artificial Intelligence and Network Biomedicine in Natural Product Research”, Efferth highlighted the transformative role of AI and systems biology in natural product research, explaining that tasks previously performed manually by generations of PhD students, such as pipetting in wet labs, can now be automated with robots. Moreover, AI can optimize experiment design, creating significant opportunities for deep learning and AI in research. Likewise, Professor Gavin Winston, Department of Medicine, Centre for Neuroscience Studies and School of Computing, Queen’s University, Canada, is leveraging AI and ML to revolutionise brain imaging for neurological diagnosis and treatment. In his presentation titled “Machine Learning in Neuroimaging across Disciplines”, he highlighted how advanced techniques like deep learning are enabling more efficient and precise analysis of MRI and CT scans, ultimately leading to improved outcomes. Notably, his current research focuses on utilising robotics and neuroimaging to understand and address cognitive impairment in individuals with epilepsy, demonstrating a commitment to improved patient care. Professor Jianfeng Feng, Dean of the Institute of Science and Technology for Brain-Inspired Intelligence and School of Data Science at Fudan University, spoke on the topic “From Multi-Omic Data to Brain Diseases, Digital Twin Brains, and Brain-Inspired AI”. One of Feng’s research projects found that blood biomarkers can forecast the risk of dementia 15 years before diagnosis of Alzheimer’s disease. He emphasised that AI and ML are transforming healthcare, from understanding the foundations of diseases to developing personalised medicine. The summit’s panel discussions further amplified the impact of interdisciplinary approaches in disease treatment. Leading experts delved into crucial discussions, enriched by perspectives on natural products and Traditional Chinese Medicine, centred on the challenges and way forward in translating big data into actionable understanding. Key topics included integrating Al capabilities with domain knowledge for data-driven model interpretation, addressing the paradox of using doctor-labelled data for Al training in clinical applications, managing multi-scale parameter calibrations and validations in principle-based modelling, and balancing computational cost with biological predictability through strategic coarse-graining. These sessions generated a wealth of new perspectives and underscored the indispensable role of science in addressing societal health challenges. Professor Johnny Poon, Associate Vice-President (Interdisciplinary Research), HKBU, remarked that the IIRS cultivated a vibrant atmosphere for sharing knowledge and working together. Scholars have gathered and expressed enthusiasm for the groundbreaking research expected to result from the relationships formed at the summit. As one of the priorities of the University’s Institutional Strategic Plan 2018-2028, HKBU aspires to be a leading, research-led, liberal arts University in Asia. The University keeps enhancing its capacity and strength to produce world-class research with an aim to bring significant impact to society. To learn more about HKBU’s research strengths and our publications, visit HKBU Research Website. Hashtag: #HKBU The issuer is solely responsible for the content of this announcement. About HKBU Research Office At Hong Kong Baptist University (HKBU), we nurture and uphold a robust research culture and environment, and equip our remarkable researchers with visionary insights and strategic experiences throughout their intellectual journey. While promulgating our esteemed researchers, their interdisciplinary research initiatives, and HKBU’s research excellence locally and internationally, we value our solid connections with the HKBU community. Together with every community member, we strive for research excellence in our four strategic research clusters: Creative Media and Practice, Health and Drug Discovery, Data Analytics and Artificial Intelligence, and Humanities and Cultures. Explore more about HKBU’s research at https://research.hkbu.edu.hk/.

HONG KONG SAR – Media OutReach Newswire – 28 February 2025 – Generali Hong Kong has once again achieved outstanding results at the “10Life 5-Star Insurance Awards 2025”, with a total of six products earning 5-star accolades in recognition of its excellence in product design and market performance. These awards cover multiple categories, including deferred annuities, savings, critical illness, and life insurance. Generali Hong Kong has won multiple accolades at the 10Life 5-Star Insurance Award 2025. Among the award-winning products, the newly launched “LionPatron” and “LionHarvest Prime Deferred Annuity” have received the highest ratings, demonstrating Generali Hong Kong’s commitment to excellence in product innovation and exceptional service. “LionAchiever“, a long-term savings and participating life insurance plan, was also recognized for its high potential returns with financial protection and wealth management flexibility. Award-Winning 5-Star Products: 5-Star Whole Life Protection Insurance Award – Whole Life Protection Category LionPatron 5-Star QDAP Award – Stable Income Category LionHarvest Prime Deferred Annuity 5-Star Savings Insurance Award – Savings: Education Category LionAchiever 5-Star Critical Illness Insurance Award – Whole Life Critical Illness Category LionGuardian Beyond LionAlong 5-Star Critical Illness Insurance Award – Term Critical Illness Category LionGuardian PlusOne Organized by 10Life, the largest insurance comparison platform in Hong Kong, the “10Life 5-Star Insurance Award 2025” is one of the most representative awards in the industry. Their actuaries rate insurance products based on factors that matter the most to the consumers. 10Life compares over 1,500 insurance products from over 50 insurers in the market with the top-rated products under each category awarded a 5-Star rating.Hashtag: #Generali The issuer is solely responsible for the content of this announcement. Generali Hong Kong In 1981, Assicurazioni Generali S.p.A. was first registered as an authorised insurer in Hong Kong, with the business extending into the life insurance sector in 2016 with Generali Life (Hong Kong) Limited. With a combination of local knowledge and Generali Group’s global expertise, we develop unique and innovative life insurance, general insurance, specialty insurance, and employee benefits solutions to meet the needs of our customers. www.generali.com.hk Generali Group Generali is one of the largest global insurance and asset management providers. Established in 1831, it is present in over 50 countries in the world, with a total premium income of € 82.5 billion in 2023. With around 82,000 employees serving 70 million customers, the Group has a leading position in Europe and a growing presence in Asia and Latin America. At the heart of Generali’s strategy is its Lifetime Partner commitment to customers, achieved through innovative and personalised solutions, best-in-class customer experience and its digitalised global distribution capabilities. The Group has fully embedded sustainability into all strategic choices, with the aim to create value for all stakeholders while building a fairer and more resilient society.

BANGKOK, THAILAND – Media OutReach Newswire – 28 February 2025 – ONYX Hospitality Group, a leading management company in Southeast Asia, specialising in hotels, resorts, serviced apartments, and luxury residences, is committed to delivering unforgettable experiences that allow travellers to explore Laos’s captivating city, as stunning and valuable as a precious gem. The company recently launched “Amari Vientiane” in the heart of Laos’ culturally rich capital. Situated along the beautiful and serene Mekong Riverbank, the hotel offers comprehensive facilities to cater to both business and leisure travellers. With world-class service standards seamlessly combined with the distinctive identity of the Amari brand, it promises an unforgettable stay. Amari Vientiane, the newest hotel in the heart of Laos’ capital, is perfect for travellers eager to explore art and culture. Its prime city-centre location offers easy access to popular tourist attractions and is just 4.8 kilometres from Wattay International Airport. In addition to the captivating scenery of the capital, Amari Vientiane offers a special rooftop area with a stunning, unmatched view of the Mekong River. In the morning, guests can participate in the traditional Lao practice of offering alms to monks, visit Wat Sisaket, stroll to the iconic Patuxai Monument—a favourite photo spot for visitors, or explore the morning market to savour authentic Lao cuisine that proudly preserves its local flavours. After a day of discovery, guests can return to the hotel to unwind and enjoy its extensive range of facilities. Amari Vientiane is set to open on March 1, 2025, as an upper-upscale hotel that flawlessly blends contemporary elegance, warm Thai hospitality, and the charm of local culture. More than just a place to stay, the hotel promises a unique and enriching experience, creating special moments filled with unforgettable memories. Amari Vientiane features 248 rooms, including Deluxe Rooms, Junior Suites, Executive Suites, and Presidential Suites, all equipped with world-class facilities and services to accommodate travellers from around the globe. The hotel also offers a unique dining experience in a private setting at the Executive Private Dining area, boasting a stunning view of the Mekong River. The rooftop bar provides a magical ambiance to enjoy breathtaking sunsets, complemented by delicious drinks that make guests feel truly special and relaxed. The hotel also features Amaya Food Gallery, a restaurant led by an experienced chef, serving a diverse range of local Lao dishes alongside international cuisine. For health-conscious guests and families, Amari Vientiane offers a fitness centre, Breeze Spa, a large swimming pool, and a children’s pool, ensuring there’s something for everyone. Ample parking is also available for guests’ convenience. For those seeking a venue for international-standard banquets or meetings, Amari Vientiane offers a Grand Ballroom that can accommodate up to 540 participants, along with a selection of meeting rooms of various sizes. These versatile spaces are perfect for hosting a wide range of activities, seminars, and banquets, creating impressive experiences and lasting memories. Denxay Saengarun, Director of Tang Chareon (TCR) Group, shared, “The Amari Vientiane is fully prepared in every aspect, from its venue design, which beautifully combines elegance, modernity, and local charm reflecting in every detail. The service also meets international standards, ensuring a unique experience that stays true to the Amari brand.” Yuthachai Charanachitta, CEO of ONYX Hospitality Group, stated, “Amari Vientiane is the second Amari hotel in Laos, following the opening of Amari Vang Vieng in 2018. This marks a significant testament to the trust the Tang Chareon (TCR) Group has placed in ONYX Hospitality Group and the Amari brand. It also underscores ONYX Hospitality Group’s commitment to expanding its business in Laos and throughout Southeast Asia. In line with our vision of becoming ‘The Best Medium-Sized Hospitality Management Company in Southeast Asia,’ and as experts with a deep understanding of the region’s tourism industry, we are confident that Amari Vientiane will swiftly establish itself as a successful hotel, earning the trust of travellers both in Laos and internationally.” In addition to the rich culture and charm of the Mekong River at Amari Vientiane, ONYX Hospitality Group has also opened its first property in Laos, Amari Vang Vieng. This hotel, nestled in the mountains and along the Song River, is located in a city often regarded as the second gem of Laos. It offers another perfect destination for a vacation surrounded by breathtaking nature. Vang Vieng is now easily accessible by high-speed train, just over an hour from Vientiane city centre, making it more convenient for travellers from around the world to experience this beautiful city. “Amari Vang Vieng” was launched in 2018 on the banks of the Song River, the heart of Vang Vieng. Featuring over 160 rooms in various styles, including Superior Rooms and Executive One-Bedroom Suites, the hotel blends contemporary design with Lao craftsmanship, reflecting Amari’s signature style. The rooms are spacious and airy, with tall windows that allow guests to fully immerse themselves in the peaceful mountain views while staying connected to the world with high-speed Wi-Fi and a 40-inch interactive TV. Importantly, Vang Vieng offers a wide range of exciting attractions and activities. Visitors can take a hot air balloon ride for a breathtaking view of the city, hike up to Pha Ngern to catch the stunning sunrise and sunset, swim in the crystal-clear emerald waters of the Blue Lagoon, or explore the natural Tham Pu Kham cave, famous for its stalactites and stalagmites. A special highlight is Pu Kham, a golden crab believed to bring good luck if seen. The Tham Jang cave is also a popular check-in spot for travellers. For adventure seekers, try tubing through Tham Nam or kayaking along the Song River, offering a unique view of the local way of life on both riverbanks. After a day full of adventure, guests can head back to the warmth and comfort of their hotel. Embark on a journey to discover the beauty of two of Laos’ gems and experience the warm hospitality at Amari Vientiane and Amari Vang Vieng today, creating unforgettable memories. For more information about ONYX Hospitality Group, please visit

Match-worn Spurs jerseys signed and auctioned to raise funds for AIA Foundation HONG KONG SAR – Media OutReach Newswire – 28 February 2025 – Following the exciting match between Tottenham Hotspur (“Spurs”) and Manchester United on 17 February, Spurs players signed special jerseys featuring the AIA Foundation logo. These signed jerseys are now available for global auction online until 2 March, with all proceeds going to the AIA Foundation. The funds raised from this charity initiative will support educational and personal development programmes for young people in Hong Kong, helping them live Healthier, Longer, Better Lives. In attendance at the match were Stuart A. Spencer, Chief Marketing Officer at AIA Group (Left), Melissa Wong, Chief Customer and Marketing Officer at AIA Hong Kong and Macau (Right), and Spurs legend Gary Mabbutt (Centre), who were presented with the signed jerseys from the Spurs players. Since 2013, AIA Group has proudly partnered with Spurs and is now their Global Principal Partner. AIA and Spurs work together to promote health and wellness through community football training programmes, inspiring communities across Asia to actively participate in sports and develop healthy lifestyles. The special-edition jersey auction was first initiated in the 2015/16 season. Each season, during a designated Spurs home match, Spurs players wear jerseys featuring the logo of a selected charity from one of the AIA markets to show their support. After the match, these jerseys are signed by the players and auctioned to raise funds for the featured charity. Over the years, the initiative has supported charities and communities in Mainland China, Thailand, Cambodia and the Philippines. For the 2024/25 season, proceeds will go to the AIA Foundation for the first time. Donna-Maria Cullen, Executive Director, Tottenham Hotspur and Trustee of the Club’s Foundation, said: “We are proud to continue our work alongside AIA to provide a unique platform to raise awareness for worthy causes from across the Asia-Pacific region every season, with the fantastic work of AIA Foundation promoted to a global audience of billions around our fixture with Manchester United.” Melissa Wong, Chief Customer and Marketing Officer of AIA Hong Kong and Macau, said, “We are honoured that AIA Foundation in Hong Kong has been selected as the featured charity this season. This charity initiative makes our partnership with Spurs even more impactful, extending beyond football and health and wellness to also support youth development and nurture the next generation of leaders in Hong Kong.” Fans can bid on the signed jerseys from Spurs players by visiting https://www.matchwornshirt.com/category/tottenham-hotspur from now until 2 March 11:59pm (GMT) to support young people in Hong Kong in realising their dreams. Established in 1995, AIA Foundation is a charitable organisation recognised under Section 88 of the Inland Revenue Ordinance in Hong Kong. It is dedicated to promoting social and economic development through various charitable activities, creating shared value for all sectors of the community. With a focus on nurturing children and young people, the Foundation is committed to fostering healthier and more productive talent resources in Hong Kong. This includes the establishment of AIA Scholarships, pledging USD 100 million to help 100 undergraduates every year over the next several decades attend Hong Kong universities. Hashtag: #AIAHongKong The issuer is solely responsible for the content of this announcement. About AIA Hong Kong & Macau AIA Group Limited established its operations in Hong Kong in 1931. To date, AIA Hong Kong and AIA Macau have over 17,000 financial planners1, as well as an extensive network of independent financial advisors, brokerage and bancassurance partners. We serve over 3.6 million customers2, offering them a wide selection of professional services and products ranging from individual life, group life, accident, medical and health, pension, personal lines insurance to investment-linked assurance schemes with numerous investment options. We are also dedicated to providing superb product solutions to meet the financial needs of high-net-worth customers. 1 as of 30 September 2024 2 Including AIA Hong Kong and AIA Macau’s individual life, group insurance and pension customers (as of 30 September 2024)