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SY Holdings Issues Positive Profit Alert for 1H 2025: Net Profit Expected to increase by approximately 20%, Platform-Based Tech Revenue Share Surpasses 50%

SHENZHEN, CHINA – EQS Newswire – 16 July 2025 – SY Holdings Group Limited (“SY Holdings” or the “Group”, Stock Code: 6069.HK), a leading digital-intelligence technology company focused on “AI + Industrial Supply Chains”, today announced a positive profit alert for the six months ended 30 June 2025. Net profit is expected to rise by approximately 20% year-on-year. The expected increase is mainly attributable to the following: 1. STEADY GROWTH IN PLATFORM SCALE Through its platform-based development strategy, SY Holdings leverages cutting-edge technologies such as AI Agent to deeply connect industrial ecosystem and data network. By capitalizing on its differentiated risk control model featuring “transaction-focused, entity-light”, SY Holdings delivers “abundant, fast, high-quality and cost-effective” platform-based services to support clients’ needs in working capital. As at 30 June 2025, the Platform has cumulatively facilitated over RMB277 billion in working capital solutions for its clients, representing a year-on-year growth of over 29%, while the cumulative number of clients served exceeded 19,100, with a year-on-year growth of over 14%. Among them, small and medium enterprises (“SMEs”) clients accounted for over 97% of the total, with first-time borrowers making up more than 30%. The Platform has also helped clients reduce financing costs by at least 30%. 2. RISING SHARE OF PLATFORM-BASED TECHNOLOGY SERVICES REVENUE Through its self-developed “SY Cloud Platform” (the “Platform”), SY Holdings has built an efficient intelligent bridge between the industrial and capital sides, accelerating the expansion of its asset-light operating model. On this basis, the company’s platform-based facilitation business accounted for 88% of total volume, while the proportion of revenue contributed by platform-based technology services has exceeded 50%. As of 30 June 2025, the Platform has connected with over 180 funding partners, representing a year-on-year increase of more than 30%. The Platform has become a key strategic partner for financial institutions in advancing their inclusive finance initiatives. 3. BREAKTHROUGH IN AI COMMERCIALISATION The Platform is deeply integrated with open-source artificial intelligence (“AI”) large models such as DeepSeek, Qwen and Doubao. Having undergone training and optimization with high-quality industrial data, the Platform can intelligently match project orders and procurement information based on clients’ product characteristics, sales records, production capacity and performance. Meanwhile, leveraging its industrial ecosystem and international market networks, SY Holdings assists ecosystem participants in precisely connecting with overseas demand, enabling them to efficiently carry out marketing, customer acquisition, opportunity seizing, and accelerating their integration into the global industrial supply chain. As of June 30, 2025, SY Holdings leveraged AI technology to deliver value-added services to its clients. Notably, by using AI agents to support clients in securing orders, SY Holdings achieved its first milestone of generating over RMB400,000 revenue through AI-assisted order acquisition. 4. E-COMMERCE: A NEW GROWTH DRIVER SY Holdings has successfully achieved a breakthrough from scratch in the new e-commerce sector in a short period of time. The company have successfully established a presence on five top-tier e-commerce platforms, unlocking a market with potential exceeding RMB10 trillion and access to over 10 million merchants. Leveraging its robust data connectivity and processing capabilities, SY Holdings empowers emerging businesses by providing actionable insights into key metrics such as sales performance, traffic trends, and inventory turnover. This enables merchants to stay ahead of the curve, predict consumer demands, and identify potential bestsellers with precision. Meanwhile, the company offers flexible working capital facilitation services based on real-time transaction data, helping merchants capitalize on every opportunity to drive growth and create blockbuster products. Additionally, SY Holdings has introduced Be Friends Holding Limited (Stock Code: 1450) as a strategic investor, enabling a rapid entry into the live-streaming e-commerce space. As at 30 June 2025, the cumulative amount of working capital facilitation in e-commerce segment has exceeded approximately RMB2.8 billion, representing an almost eightfold growth year-on-year. 5. AI-DRIVEN EFFICIENCY BOOST By harnessing the data processing and logical reasoning capabilities of AI large models, combined with ample computing power support from Wuxi Economic Development Zone, SY Holdings integrates and analyses vast volumes of unstructured data such as contracts, documents and public opinions in real time, dynamically generating the enterprise and transaction profiles. This significantly enhances risk control efficiency and avoiding transaction fraud risks. With the strategic investment from a subsidiary of XtalPi Inc. (Stock Code: 2228), SY Holdings receives strong technical support for the development of industrial AI Agents, while deploying innovations such as AI-powered document classification and smart contract review to drive cost reduction and efficiency improvements in collaboration with ecosystem partners. As at 30 June 2025, the per capita working capital facilitated for clients grew by nearly 27%. 6. VENTURING INTO THE ROBOTICS FRONTIER SY Holdings is a digital intelligence technology company focusing on “AI + Industrial supply chain”. In the face of the continuously growing service demand, the company is actively expanding into new tracks such as e-commerce, robotics and AI applications, it aims to assist SMEs in both precisely matching orders and providing differentiated working capital facilitation services. In the robotics sector, SY Holdings has established a strategic collaboration with Stand Robots (Wuxi) Co., Ltd. which is one of the global leaders in industrial intelligent robotics. This forward-looking initiative positions us to swiftly enter emerging industries, laying a solid foundation for sustained growth and innovation over the next decade.At the same time, SY Holdings continues to increase research and development investment and talent cultivation, and has obtained nearly 90 national invention patents and computer software copyrights, covering areas such as data verification, repayment prediction and risk control models. Up to now, SY Holdings has maintained profitability for 11 consecutive years and implemented a high dividend policy for 7 consecutive years, and has committed to a dividend payout ratio of not less than 90% conduct declaration and payment of dividends with payout ratio of no less than 90% for the financial years ending 31 December 2025 and 31 December 2026. Including the special dividend, the total dividend payout for the financial years ending 31 December 2025 is expected to reach approximately RMB950 million, implying a dividend yield exceeding 8.5%. Moving forward, SY

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This Summer, Take a Break with a Brick. Join LEGO® Group and Minifigure “Lok Jai” on a Joyful Journey Across 8 “Fun Spots” Explore Hong Kong’s Map of Happiness and Make the Most of Your Holiday

HONG KONG SAR – Media OutReach Newswire – 16 July 2025 – This summer, LEGO® Group teams up with popular minifigure Lok Jai to invite everyone in Hong Kong—young and old—to “Take a Brick” and enjoy a slower, more joyful summer! From July 12 to August 31, 2025, LEGO® Hong Kong presents the “Let’s Take a Brick” campaign, where Lok Jai will pop up at eight “Fun Spots” across the city to help you discover your own map of happiness, filled with relaxing and fun moments. Play AR mini game at “Fun Spots” to Unlock Lok Jai Cards and Bring Him Home! All “Fun Spots” across the city are equipped with AR mini game – scan the QR code and complete the designated task at each location to unlock Lok Jai collectible card. Then, head to any LEGO® Certified Store or the LEGOLAND® Discovery Centre Hong Kong with two or more Lok Jai collectible cards, to redeem a Build-A-Mini figure and bring Lok Jai home! This summer, Let’s Take a Brick! Let Lok Jai join you in playing, laughing, and shouting with joy—making it your most carefree and fun-filled holiday yet! Confide in the Treehole and Relax with LEGO® Brick Sounds The first “Fun Spot” is located at Dino Park on the 5th floor of Phase 1, New Town Plaza, where a delightful LEGO® experience awaits! At the entrance, you’ll find a 5-meter-tall LEGO® treehouse, where you can complete your “happiest summer building homework.” Inside, listen to relaxing music made with LEGO® bricks, helping you unwind and recharge. There’s also a 3-meter-tall Lok Jai photo spot where you can capture your most fun-filled moments. And don’t miss the fidget spinner building zone, where you can unleash your creativity and immerse yourself in the world of LEGO® bricks. Every scene is infused with signature LEGO® humor and joy! LEGO® “Fun Spot” – Dino Park Location: Dino Park, 5/F, Phase 1, New Town Plaza Date: July 12 – August 31, 2025 Event Hours: 7:00 AM – 10:00 PM LEGO® Treehouse Hours: 2:30 PM – 7:30 PM Chill Out with Lok Jai at West Kowloon Cultural District Lok Jai, your best summer buddy, is also waiting for you across multiple Fun Spots in the West Kowloon Cultural District—perfect for enjoying sunshine and art! At the High Lawn near Art Park, you’ll find a 3-meter inflatable Lok Jai holding a bright orange balloon, relaxing on a colorful picnic mat, inviting you to enjoy the breeze and your snacks. In front of the Hong Kong Palace Museum Lawn, creative Lok Jai becomes an artist, wearing a signature beret and holding a brush and palette. Join him in painting and feel the artistic vibes on the lawn! Next, head over to Harbourside Lawn East, now transformed into “Lok Jai Street,” where Lok Jai stands next to a Hong Kong-style street sign waiting for your classic “I was here” photo moment! As one of the best sunset viewing spots in Hong Kong, Harbourside Lawn West glows with magic during golden hour. Don’t miss your chance to snap a selfie with Lok Jai as the sky and sea are painted in dreamy shades of red and gold. Finally, unleash your creativity at the Secret Garden‘s Free Build Area, where you can build your imagination with LEGO® bricks, de-stress, and let your creativity take flight! Extra Perks! Unlock all 4 exclusive Lok Jai collectible cards in West Kowloon Cultural District, and you can enjoy up to 50% off special deals at designated shops. (See appendix for details.) LEGO® “Fun Spot” – West Kowloon Cultural District Locations: Art Park High Lawn, Hong Kong Palace Museum Lawn, Harbourside Lawn East and West Date: July 12 – August 31, 2025 Secret Garden Free Build Area Hours: 2:00 PM – 6:00 PM (Sat & Sun) Lok Jai Visits LEGO® Stores Too! Lok Jai is also appearing at three LEGO® Certified Stores across the city! Times Square, Causeway Bay – Lok Jai is enjoying a giant scoop of vanilla ice cream—can you resist? Langham Place, Mong Kok – Lok Jai is skateboarding and bursting with energy and joy. K11 Musea LEGOLAND® Discovery Centre, Tsim Sha Tsui – Lok Jai is ready for the beach with a floatie and goggles, inviting you to dive into a cool summer adventure! Limited-Time Offers Until August 31, 2025 Join the “Fun Spot” event and unlock two or more Lok Jai collectible cards to redeem a free Build-A-Mini LEGO® figure. Plus, enjoy special gifts with your LEGO® purchases! Receive a free 30689 Birthday Party Animals with any LEGO® boxset purchase. Spend $350 or more to get a LEGO® Yoyo, and $500 or more to receive an exclusive LEGO® Tote Bag. At the New Town Plaza LEGO® Certified Store, don’t miss the exclusive offer: spend $680 or more on any LEGO® boxset and receive a LEGO® Picnic Mat—available in limited quantities while supplies last. For more details, please follow the official LEGO® Hong Kong Facebook page and Instagram account. Appendix – LEGO® Let’s Take a Brick West Kowloon Cultural District Special Deals No Venue / F&B and Shop Special Offers Art Park & Freespace 1. PANO 10% off 9折 2. Café Bohème 港灣小館 A complimentary soft drink upon spending $200 (Dine- in only) 於餐廳內消費滿港幣$200可獲送汽水一杯 3. Hooman 10% off 9折 4. Lau Bak Livehouse 留白 12% off (dine-in only) 堂食88折 Xiqu Centre 5. Star Place 明星樓(粵菜宴會廳) Each customer can enjoy free dessert of the day for lunch 每位顧客於午市惠顧可免費獲贈是日精選甜品 6. Linong Tea 立農茗茶 10% off regular price products 正價貨品9折 7. Tong Tea 餇茶號 10% off 9折 8. Major Cellar 美酒滙 Enjoy $100 discount upon spending $1,000 買滿港幣1,000元可減港幣100元 9. Rex Music 域斯琴行 A complimentary class upon enrolling in any of the four instrument experience classes 報讀4堂樂器體驗課程額外贈送一堂 10. Eat East 波仔 10% off on regular price Eat East product 正價波仔產品9折 11. Kafook Florist 嘉馥花卉 12% off in-stock products (including preserved flowers, bouquets, floral materials, plants and orchids) 10% off flower baskets over HK$1,500 (Discount not applicable to discounted items and shipping fees) 任何現貨(包括保鮮花,花束,花材,植物及蘭花)88折

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Johnson Electric reports Business and Unaudited Financial Information for the First Quarter of Financial Year 25/26 and Formation of Joint Ventures in the PRC for Humanoid Robotics Business

HONG KONG SAR – Media OutReach Newswire – 16 July 2025 – This news release is made by Johnson Electric Holdings Limited (“Johnson Electric” or the “Company” and together with its subsidiaries, the “Group”) for the business operations and selected unaudited financial information of the Group for the three months ended 30 June 2025 and the formation of joint ventures in the PRC for humanoid robotics business. Business and Unaudited Financial Information for the First Quarter of Financial Year 25/26 The Group’s sales for the three months ended 30 June 2025 were US$915 million compared to US$935 million for the same period in the previous financial year, a decrease of 2%. Exchange rate movements had a favourable impact of US$9 million on the Group’s sales during the period. Sales of Automotive Products Group (“APG”) APG’s sales for the three months ended 30 June 2025 were US$765 million, a decrease of US$23 million or 3% compared to the same period in financial year 24/25. Excluding currency effects, APG’s sales decreased by US$30 million or 4%. The division’s sales changes by region, excluding currency effects, were as follows: Three months ended 30 June 2025 Asia-Pacific 9% Decrease Europe, the Middle East and Africa 2% Increase Americas 4% Decrease Total 4% Decrease In Asia-Pacific, sales decreased by 9%. Sales of products for closure, thermal management, oil pump and steering applications decreased, partially offset by increased sales of products for braking applications. The decline in sales in the region was primarily driven by significantly reduced demand for non-domestic car brands in China, a category where APG has historically maintained an above-average market share, as well as price adjustments made in response to competitive market conditions. However, accelerating growth in sales to domestic car brands in China partially offset this decline. In Europe, the Middle East and Africa (“EMEA”), sales increased by 2%. Sales of products for braking, oil pump, steering, engine and fuel management applications increased, partially offset by decreased sales of products for closure and vision applications. In the Americas, sales decreased by 4%. Sales of products for braking, oil pump and engine and fuel management applications decreased due to the phasing out of some programs and weak demand from certain customers. This decline was partially offset by increased sales of powder metal components. Sales of Industry Products Group (“IPG”) IPG’s sales for the three months ended 30 June 2025 were US$150 million, an increase of US$2 million or 2% compared to the same period in the previous financial year. Excluding currency effects, IPG’s sales increased by US$1 million or 1%. The overall performance reflects a mixed regional picture, shaped by varying market and customer dynamics. The division’s sales changes by region, excluding currency effects, were as follows: Three months ended 30 June 2025 Asia-Pacific 7% Decrease Europe, the Middle East and Africa 14% Increase Americas 5% Decrease Total 1% Increase In Asia-Pacific, sales decreased by 7%, primarily due to both IPG as well as some of its customers experiencing keen price competition in certain product segments, where the focus of purchasing decisions has shifted towards low cost over product application features and bespoke design. The decline was further exacerbated by certain customers postponing planned program launches. In EMEA, sales increased by 14%, due to the combination of the ramp-up of existing programs and new product launches, as well as replenishment orders from certain customers after their consumption of previous inventory surpluses. In the Americas, sales decreased by 5% mainly due to weak demand from certain customers and some programs reaching end of life. This was partially offset by increase in sales of piezo motors, which benefited from robust demand for medical drug-dosing systems as well as high-precision equipment utilized in semiconductor foundries. Chairman’s Comments on Sales Performance and Outlook Commenting on the first quarter’s sales performance, Dr. Patrick Wang, Chairman and Chief Executive, said: “Johnson Electric’s sales in the first quarter of the financial year compared to the same period in the prior year reflected the more subdued macroeconomic environment, as well as the impact of declines in the market share of non-domestic automotive OEM customers in China”. Concerning the outlook for the remainder of the financial year 25/26, Dr. Wang said: “Until a clearer picture of the global tariff landscape emerges, we can expect customers to remain cautious in their purchasing and investment decisions. In the short term, this is likely to be a drag on sales, though we remain encouraged by our pipeline of new product launches and new business developments that should underpin growth in the second half of the financial year”. Formation of Joint Ventures in the PRC for Humanoid Robotics Business The Company today announced that the Group entered into two equity joint venture agreements with Shanghai Mechanical & Electrical Industry Co., Ltd. (“SMEIC”) in relation to the formation of two equity joint ventures. The first joint venture will be incorporated in Shanghai which will primarily serve as a sales channel for products manufactured by the second joint venture, as well as support business development, research and development, application engineering, and customer service for humanoid robotic solutions in the People’s Republic of China (”PRC”). The second joint venture will be incorporated in Shenzhen which will serve as the engineering design, research and development, and manufacturing base for humanoid robot hardware modules and hardware system integration solutions. Each of the Group and SMEIC will invest RMB75 million in the two joint ventures. SMEIC is a leading PRC-based electromechanical equipment manufacturing company and is listed on the Shanghai Stock Exchange. “The two joint ventures are structured to complement one another – combining sales, business development and customer application support with product design, engineering, and manufacturing expertise. Together, they will enable the end-to-end delivery of high-performance humanoid robotic core components and subsystems to customers across the PRC.”, said, Austin Wang, Executive Vice President. “The formation of the joint ventures represents a significant milestone in the Group’s long-term strategy to expand its presence in the robotics sector.” Cautionary Statement Regarding

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Biotech Breakthroughs in Anti-Aging: Decoding the Hallmarks of Aging and the Longevity Code

The Hong Kong Society of Cosmetic Chemists (HKSCC) Invites Swiss Biotech Expert to unveil scientific truths behind aging Clinical Evidence Confirms Anti-Aging Efficacy of Plant-Based Stem Cell Exosomes – A Truly Effective Age-Defying Breakthrough HONG KONG SAR – Media OutReach Newswire – 16 July 2025 – From the popularity of anti-aging supplements and aesthetic treatments to Silicon Valley billionaires’ pursuit of immortality, the global wave of anti-aging is gaining momentum, and Hong Kong is no exception. Questions like “How to stay young?”, “Is NMN really effective?” and “At what age should you start anti-aging care?” have become part of everyday conversation. While many are eager to delay the signs of aging, few truly understand the science behind it. Dr Fred Zülli (second from right), Founder and Business Development Director of Mibelle Biochemistry, Francis Kwan (second from left), President of HKSCC, Cirrus Chu (first from left), Sales Director of TPMC International Limited and Fanny Cheung (first from right), Director of NF Essential Limited attended the anti-aging seminar. From Hallmarks of Aging to Scientific Action: Effective Solutions Revealed To address this knowledge gap, Dr. Fred Zülli, Founder and Business Development Director of Swiss-based biotech company Mibelle Biochemistry, was specially invited to Hong Kong to co-host a seminar with the Hong Kong Society of Cosmetic Chemists. The seminar provided an in-depth look at the latest advancements in Swiss anti-aging research, starting with the 12 “Hallmarks of Aging” theory published in the journal Cell. Dr. Zülli explained how Swiss biotechnology is strategically targeting these biological mechanisms of aging and translating scientific breakthroughs into practical applications in skincare and aesthetic medicine, making age-defying solutions a scientific reality rather than a distant ideal. During the seminar, Dr. Zülli also revealed several truly effective, science-backed methods to combat aging. Next-Gen Skincare Science: Goji Stem Cell Extract with Dual Action Power for Repair Exosomes have rapidly emerged as one of the most promising technologies in the skincare industry. According to market data, the global exosome market was valued at over US$140 million in 2023 and is projected to expand at 28% CAGR by 2030. In the U.S., Google searches for “exosomes” surged 17% in one year, evidence of rising consumer interest. Dr. Fred Zülli explains that exosomes are tiny vesicles that are released by cells into the extracellular space, rich in proteins, lipids, and nucleic acids. They can be derived from human, animals or plants cells, including plant stem cells, and reconstructed using liposome technology. These “cellular messengers” play key roles in intercellular communication, immune modulation, and drug delivery. When used in skincare or microneedling treatments, they accelerate wound healing, enhance skin regeneration, and deliver deeper, faster, and safer results. Exosomes offer dual benefits: they strengthen the skin barrier while activating deeper cellular repair, improving overall skin quality, reducing fine lines, and restoring firmness for true inside-out anti-aging effects. Clinically Proven Plant Stem Cells Go Beyond Surface-Level Skincare Swiss researchers at Mibelle have developed the PhytoCellTec™ Exosomes technology, using natural Goji Stem Cell Extract to stimulate exosome production. This powerful natural ingredient demonstrates “dual action”, promoting keratinocyte differentiation and the expression of epidermal growth and antioxidant-related genes to reinforce the skin’s outer barrier. Meanwhile, it reactivates mesenchymal stem cells (MSCs), boosting collagen synthesis and cellular vitality to enhance skin elasticity and density. Clinical studies show that a cream containing just 0.4% of Goji Stem Cell Extract significantly reduces fine lines and wrinkles after 56 days. Results can be seen in just 28 days with improved skin density and facial contour, and even firmness and lifting effects when applied to the breast area, showcasing its applications well beyond facial skincare. Exosomes in Daily Skincare and Medical Aesthetics With proven regenerative and wound-healing properties, exosomes are emerging as a viable alternative to stem cell therapies. As non-living biological elements, they are more stable and easier to handle. Exosome-based serums are particularly effective when used with microneedling, enabling deep skin repair and faster healing. Plant-derived exosomes have been shown to be bioavailable to mammalian cells and exhibit anti-inflammatory, antioxidant, anti-tumour, and skin-repairing benefits. Recent studies confirm their ability to combat skin aging, reinforcing their growing role in both cosmetic dermatology and everyday skincare. As this technology evolves, it promises a new era of personalized, science-backed beauty. Dual Stem Cell Formula: “Swiss StemGlow Jelly” Nourishes Youthful Skin from Within; The brand “LAB 91” Unveils Advanced Microneedle Skincare Powered by Deep Cellular Repair The Swiss StemGlow Jelly is an edible functional jelly formulated with dual stem cell active ingredients, Swiss apple stem cells and grape stem cells. These ingredients are renowned for enhancing cellular vitality, delivering antioxidant protection, and shielding the skin from UV damage. Meanwhile, LAB 91, a Swiss-made brand, specializes in microneedle skincare solutions. Its signature innovation, the Dual Plant Stem Cell Exosome Complex, combines rare Swiss apple stem cells with goji stem cells to deeply penetrate the skin and trigger cellular repair. Proven results include improved skin elasticity, lifted facial contours, and visibly diminished wrinkles. The brand offers a range of ampoule serums tailored to various skin concerns, including anti-aging, brightening and intensive repair. Together, the edible jelly and topical microneedle treatments deliver synergistic, cell-level rejuvenation from the inside out. Hashtag: #ESDLife The issuer is solely responsible for the content of this announcement. About ESDlife ESDlife, a joint venture of CK Hutchison (formerly Hutchison Whampoa) and Hewlett-Packard HK SAR, operates the award-winning website (www.esdlife.com) and establishes it as one of the most popular and trusted online lifestyle media in Hong Kong. The online platform of ESDlife is furnished with a wide range of lifestyles information under the categories of Wedding, Family and Health. In addition to the prominent No. 1 position of its Wedding Channel in Hong Kong, an e-commerce platform is provided to consumers by offering medical check-up ordering services. ESDlife also delivers integrated marketing and digital solutions to diversified corporate clients.

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Shopee Seller Summit 2025: Powering Resilient Growth with Malaysian Sellers

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 16 July 2025 – Shopee Malaysia brought together hundreds of local entrepreneurs at its annual Seller Summit, themed “Future of E-Commerce: Profitable Growth with New Wave Shoppers”. The 2025 edition focused on how sellers can deepen engagement, improve fulfilment, and expand regionally — all while tapping into smarter tools to grow sustainably. In her opening keynote, Shopee Malaysia’s Country Director Saovanee Chan-Somchit outlined key focus areas guiding the platform’s second-half 2025 roadmap – including seller sustainability, AI-assisted selling, content and affiliate growth, and fulfilment speed. These priorities reflect Shopee’s commitment to helping local sellers grow sustainably while adapting to changing buyer habits and a more competitive e-commerce landscape. “Our goal is to help sellers grow smarter, not just bigger – with tools and support designed to match how Malaysian buyers shop today,” she said. Driving Growth Through Content and Creators One highlight from the summit was Shopee’s expanding content ecosystem, including Shopee Live, Shopee Video, and YouTube Shopping via Shopee Affiliates, which together enable sellers to showcase products in engaging, real-time formats. Supported by a network of 650,000 registered affiliates, these channels help drive strong product visibility and conversion, and have become vital engines of traffic and trust for local sellers. These content formats are especially effective in reaching younger, high-intent buyers, such as Gen Z and Millennials, who increasingly rely on video reviews and influencer recommendations to inform their purchase decisions. To help sellers tap into this growing ecosystem, Shopee continues to invest in expanding its affiliate network. Initiatives like the Content Creator Club, Video Missions, and Stream-a-Thons incentivise more creators to join and produce high-quality content, ultimately giving sellers access to a wider pool of advocates to help boost product discoverability and engagement. Faster, Smarter, and More Flexible Fulfilment Shopee also unveiled upgrades designed to improve delivery speed and buyer experience, translating directly into better conversion and seller ratings: Same-Day and Next-Day Delivery have expanded nationwide, giving more buyers access to faster shipping options. Cross-State Next-Day Delivery is now available between Melaka and Negeri Sembilan, with more routes to be introduced progressively. This upgrade helps sellers reach nearby states faster, improving buyer satisfaction and increasing the chances of repeat purchases. Instant Delivery will be launched soon, offering on-demand doorstep arrival within hours — a convenient solution for sellers serving time-sensitive or last-minute buyers. This will be rolled out first in the Klang Valley, before being introduced across other regions over time. Sellers also benefit from Buyer Self Collect, now available at over 5,000 pickup points nationwide, and offering free shipping with no minimum spend. This not only helps buyers save on delivery costs, but also improves order completion rates by reducing failed deliveries and returns – giving sellers greater delivery flexibility and higher buyer satisfaction. Fulfilled-by-Shopee (FBS) Helps Sellers Scale Efficiently The summit also featured deep dives on Fulfilled-by-Shopee (FBS), a one-stop solution where Shopee streamlines the process of order fulfilment, from picking and packing to shipping. This enhances daily operations, reduces manual workload, and ensures buyers enjoy faster, more reliable deliveries. Key benefits for sellers include: Faster delivery, leading to better buyer satisfaction and higher repeat purchase rates Stronger handling metrics, including lower return rates and fewer order cancellations Exclusive perks, such as discounted fees, access to East Malaysia, and tools like virtual bundling These services are especially helpful for sellers managing campaign-day spikes or storage limitations, enabling them to scale operations efficiently without needing to invest in additional manpower or warehouse space. Smarter Tools That Lighten Sellers’ Operational Load Shopee also introduced tools to help sellers manage daily operations more efficiently. The AI Shop Chatbot automates responses to common buyer inquiries, allowing sellers to focus more on fulfilment and store optimisation. Meanwhile, visual support features like AI-assisted content generation help sellers enhance their product listings with minimal manual editing, enabling them to stay competitive with greater ease. Together, these solutions reduce repetitive work, increase conversion rates, and help sellers focus more on growing their business. In addition to these tools, Shopee also reaffirmed its commitment to seller sustainability, highlighting ongoing measures that help reduce the cost and complexity of doing business. These include fee exemptions for new and smaller sellers, and zero fees on essential goods. These policies aim to give sellers a more stable foundation to grow — especially in a competitive and cost-sensitive retail environment. Stronger Post-Purchase Support To enhance the overall selling experience, Shopee has streamlined its returns and refund process. The platform now covers select return shipping costs and offers clearer protections for sealed-item returns – helping to reduce disputes and strengthen seller confidence after the point of sale. Real Lessons shared by Shopee Sellers The summit concluded with a panel featuring successful sellers from KitaShopSabah, Sangla Foods, Pineng Malaysia, and Mari Mari Home, who shared insights on how they scaled their businesses on Shopee. “For double-digit campaigns, we always prepare by thinking about buyers’ point-of-view and adopt aggressive voucher strategies, making sure we capture buyers across different basket sizes. Making buyers happy translates into sales for us,” Fong Shu Ying, Senior Product Manager, Sangla Foods. “During campaigns my orders can reach over 7,000, so Shopee recommended that we join the Fulfilled-By-Shopee (FBS) programme. FBS has helped ensure all my parcels are packed properly, shipped on time, and has saved us the hassle of having to drop off our parcels ourselves. I’m now looking at onboarding my other stores to FBS as well,” Law How Keong, Managing Director, Pineng Malaysia. Their experiences highlighted how Shopee’s ecosystem of tools — from fulfilment support to campaign planning — helps sellers manage growth more effectively and deliver better outcomes for buyers. As Shopee marks 10 years in Malaysia, the platform reaffirms its commitment to empowering local businesses and helping them grow with confidence. From marketplace innovation to community-driven learning, Shopee continues to build practical solutions to support the sellers who have shaped its journey. Hashtag: #ShopeeSellerSummit The issuer is solely responsible for the content of this

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MSIG Hong Kong’s 2024 Claims Report announces multi-year growth in its claims settlement ratio and highlights award-winning claims processing innovation

94.5% claims settlement ratio was achieved amidst a difficult business environment First year that two categories – Employees’ Compensation Hong Kong and Marine – saw settlement ratios of 100% Digital claims project Zero Touch wins “Claims Initiative of the Year” award HONG KONG SAR – Media OutReach Newswire – 16 July 2025 – MSIG Insurance (Hong Kong) Limited (“MSIG”) today published its sixth annual MSIG Claims Report which presents the total claims honoured in Hong Kong and Macau during the year as well as the insurer’s latest initiatives. In 2024, MSIG’s claims settlement ratio reached 94.5% – rising for the third consecutive year, up from 92.4% in 2021. The insurer honoured claims totalling HK$347,983,977 in Hong Kong and Macau, while receiving just 9 complaints throughout the year (down from 13 in 2023 and 50 in 2020). 2024 was also the first year that two categories – Employees’ Compensation Hong Kong and Marine – achieved 100% settlement ratios, a significant milestone that reinforces why the insurer has grown as a trusted partner. Helper (99.17%) and Personal Accident (96.85%) followed as the next highest categories. In 2024, MSIG put even more emphasis on quick response and rapid claims processing. This led to significant compliments from customers and wide-ranging examples of how the insurer responds to incidents with fast, intuitive processes that help those affected to move forward. Philip Kent, Chief Executive Officer of MSIG Hong Kong, said: “Every year brings new challenges, and 2024 was no different. Our teams have worked exceptionally hard to ensure that our service to customers remains at the fore, because we know that every claim is personal. By making the claims process faster and easier, we aim to help each of our customers move forward with assurance that they will receive the financial compensation they are owed. Innovation is at the heart of this, and our teams should be proud of the industry recognition they have received for their efforts. I have every confidence that we will continue to go from strength to strength in providing sincere customer service backed by leading digital capabilities – all part of our commitment to supporting our customers at every phase of their lives.” MSIG’s focus on claims excellence has led to notable industry recognition in 2024, including: Second consecutive year as a Top 3 Finalist in the category of “Outstanding Claims Management Award – General Insurance” – Hong Kong Insurance Awards 2024 Winner of “Claims Initiative of the Year” – InsuranceAsia News Awards for Excellence 2024 Setting the service standard in digital claims Following the launch of Zero Touch, a digital solution for claims assessment that streamlines verification of customers’ claims history, policy validity and claims payment amounts, in the second half of 2023, the project has reported exceptional gains in efficiency. For Helper Insurance claims specifically: Claims processing times have been reduced from 3-5 days to as little as 15 minutes for eligible clinical and dental claims. Almost 75% of Helper claims are now automated, saving claims specialists some 200+ working days annually. Simple claims do not require manual intervention anymore, increasing the focus on value-added services. Building on this success, MSIG intends to further extend Zero Touch to cover its medical products in the future. Innovating for the future In 2024 and early 2025, MSIG introduced a suite of new services to support customers at every step: MSIG Easy Lounge Service: Complimentary airport lounge access for travel insurance customers experiencing delays over 60 minutes, available at 1,600+ airports worldwide. Claims Status Enquiry Page: 24/7 online claims tracking for peace of mind. Day Case Endoscopy Programme: Cashless, convenient endoscopy arrangements for medical insurance customers. Door-to-door Luggage Repair Service: Free pickup and delivery for travel-damaged luggage. Overseas Medical Teleconsultation: Free telemedicine services for travel insurance customers travelling in Japan, Singapore, Thailand, Vietnam, and the Philippines. Also reflecting MSIG’s overarching emphasis on extraordinary customer service and claims management was its inaugural “Serving with Heart, Putting You above All” branding campaign. Featuring videos of common insurance scenarios, the insurer partnered with Key Opinion Leaders to convey how a simple, intuitive claims experience can result in needed assurance during unexpected incidents. Hashtag: #MSIGHongKong The issuer is solely responsible for the content of this announcement. About MSIG Insurance (Hong Kong) Limited (“MSIG Hong Kong”) MSIG Hong Kong is a wholly owned subsidiary of Mitsui Sumitomo Insurance Co Ltd and a member of the MS&AD Insurance Group, Asia’s leading general insurance brand with presence in 50 countries and regions globally. The Group is amongst the world’s top 10 insurance groups based on gross revenue and one of Japan’s leading insurers with A+ Stable credit rating. With over 40,000 employees world-wide, MSIG is represented in all ASEAN markets as well as in Australia, New Zealand, Hong Kong, Mainland China, Korea, India and Taiwan. MSIG Hong Kong offers a wide range of solutions and services through an extensive distribution network including agents, brokers, and bancassurance alliances with leading banks. It has been providing general insurance solutions to customers in Hong Kong for more than 170 years, dating as far back as 1855.

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Wildberries tests ready-to-eat food delivery from restaurants

MOSCOW, RUSSIA – Media OutReach Newswire – 16 July 2025 – Wildberries, a leading digital platform in Eurasia, is launching a pilot service for express delivery of ready-made meals from restaurants and cafes. In the pilot phase, the service will operate in select districts of Moscow and St. Petersburg and is later planned to expand to other cities in Russia. Wildberries will accept food orders through its app, while its partners will prepare and deliver the meals via their own logistics within an hour. The first partner in the pilot FoodTech project is the food delivery service Dostaevsky, which operates in the dark kitchen segment. The entire menu from Dostaevsky, spanning more than 450 ready-made items, will be available on the Wildberries showcase. “With the launch of the ready-made meal delivery service, we are entering a new phase in the development of the Wildberries ecosystem,” said Elizaveta Shlein, head of the Delivery-by-Seller (DBS) division at the united company Wildberries & Russ. “We are only at the starting point of our FoodTech direction, which we plan to scale across all regions where the company operates.” The Russian market for restaurant-ready meal delivery is estimated to have grown by 30% in 2024, reaching the equivalent of $8.3 billion. Last year, food products surpassed home goods, clothing, and electronics for the first time in terms of online sales volume in the country. Wildberries has been recently expanding into fresh food sales via partners. Hashtag: #Wildberries The issuer is solely responsible for the content of this announcement. About Wildberries Established in 2004 in Russia, Wildberries is a leading e-commerce platform operating in Armenia, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Russia, Tajikistan and Uzbekistan, while also partnering with sellers in China and the UAE. Wildberries provides a state-of-the-art IT infrastructure to support customers and sellers, along with a developed logistics network spanning more than 135 facilities and 83,000 pick-up points across its markets. As of 2025, Wildberries serves over 79 million customers and processes more than 20 million orders per day.

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VinFast to introduce new model in Indonesia upon return to GIIAS 2025

JAKARTA, INDONESIA – Media OutReach Newswire – 15 July 2025 – VinFast today announced its return to the Gaikindo Indonesia International Auto Show (GIIAS) 2025, scheduled to take place from July 24 to August 3. At the premier automotive event, the Company will introduce an entirely new right-hand drive model to Indonesian consumers, perfectly complementing its diverse EV lineup. This strategic move reaffirms VinFast’s strong commitment to continuous innovation and pioneering role in shaping a green future for Indonesia. At GIIAS 2025, VinFast will introduce a brand-new right-hand drive model to Indonesian consumers. GIIAS stands as Indonesia’s largest automotive exhibition and one of Southeast Asia’s most significant, drawing hundreds of leading global automotive brands. During its return to GIIAS 2025, VinFast will display its full range of electric cars currently available for sale in Indonesia, spanning from the VF 3 (mini SUV), the VF 5 (A-segment SUV), the VF 6 (B-segment SUV), to the VF e34 (C-segment SUV). Notably, the highlight of the event will be the grand debut of a completely new right-hand drive pure-electric model for the Indonesian market. With the impressive debut of this new vehicle, VinFast’s product portfolio in Indonesia will expand to five pioneering electric models, underscoring its commitment to offering one of the most comprehensive and diverse pure-electric ranges, crafted to meet Indonesia’s evolving sustainable mobility needs. The “VinFast Arena” exhibition space at GIIAS 2025 has a total area of 2,290 m², including indoor and outdoor areas. Located in Hall 2E, VinFast’s main booth features a double-decker layout, spanning an impressive 1,030 m². Visitors here can explore the cutting-edge design, advanced technology, and impressive performance of VinFast EVs, alongside green and smart charging solutions. Meanwhile, Hall 11 will host two dynamic outdoor areas designed for direct engagement and hands-on experiences. The VinFast Cube will showcase a single, specially customized vehicle, designed to spark the imagination of VinFast enthusiasts and inspire them to personalize their own vehicles. The VinFast Arena Outdoor is dedicated to providing visitors with the opportunity to experience the full lineup of VinFast cars, from the VF 3, VF 5, VF e34, and VF 6 to the newest car model. Mr. Kariyanto Hardjosoemarto, CEO of VinFast Indonesia, commented: “We are proud to mark our return to GIIAS 2025 with a pivotal milestone: the introduction of a new model for the Indonesian market. In just one year since GIIAS 2024, VinFast has achieved significant progress, establishing a strong foundation within the country. This event not only underscores VinFast’s steadfast commitment to spearheading Indonesia’s green transformation through our diverse product portfolio and comprehensive ecosystem, but also serves as a clear demonstration of our dedication to delivering superior products and customer experiences.“ In just over a year since its official market entry, VinFast has rapidly introduced a diverse product range covering the most popular segments, from the compact VF 3, versatile VF 5, comfortable VF 6, to the family-friendly VF e34. All models come with highly attractive sales and after-sales policies, including complimentary charging at V-GREEN charging stations, a guaranteed buy-back value of up to 90%, and 0% interest financing for vehicle purchases, making it easier for customers to own VinFast EVs. Furthermore, VinFast has proactively collaborated with leading banks to offer comprehensive financial solutions. The Company’s dealership network is continuously expanding, with 24 showrooms now spread across major cities like Jakarta, Bandung, Surabaya, and Bali, with further robust expansion planned. VinFast owners can also enjoy peace of mind with a wide network of authorized service workshops operated by partners Otoklix and BOS nationwide. VinFast aims to establish a network of 500 authorized service workshops across Indonesia this year. VinFast is also at the forefront of building a comprehensive green transformation ecosystem through strategic partnerships with the pure-electric taxi company GSM and the global EV charging station developer V-GREEN. With its state-of-the-art electric vehicle assembly plant project in Subang, VinFast is committed to actively contributing to the development of the local electric vehicle industry. VinFast welcomes all visitors to explore its latest innovations at GIIAS 2025, located in Hall 2E and Hall 11 at ICE BSD City, from July 24 to August 3. Hashtag: #VinFast https://vinfastauto.id/ 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/

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American Express Opens New Centurion Lounge at Tokyo’s Haneda Airport

NEW YORK, US – Media OutReach Newswire – 15 July 2025 – On July 16 American Express (NYSE: AXP) will open a new Centurion Lounge at Tokyo’s Haneda Airport (HND), the busiest airport in Japan and one of the busiest airports in the world. The Centurion Lounge at HND marks the 30th to open worldwide and the 4th to open in Asia, joining lounges at Indira Gandhi International Airport (DEL) in Delhi, Hong Kong international Airport (HKG) in Hong Kong, and Chhatrapati Shivaji International Airport (BOM) in Mumbai. The new lounge in Tokyo features locally sourced decor and artwork that celebrates Japanese philosophy, craftsmanship, and artistry, a live, open kitchen where guests can watch the chefs cook, a buffet offering a variety of Japanese and Western food and beverages, a dedicated sweets bar nodding to Japan’s snack culture, and private phone rooms that are also equipped with a curated audio program for meditation. Located in Haneda’s Terminal 3 near Gate 114, guests can enjoy sweeping views of the airfield while they rest and refuel before their flights. Main seating area of the Centurion Lounge at Haneda Airport “The Centurion Lounge at Haneda Airport celebrates Japanese culture, featuring custom artwork, an exciting menu that showcases the flavors of Tokyo, and my personal favorite – private meditation booths to help you recharge and find some calm before your flight,” said Audrey Hendley, President, American Express Travel. “We’ve seen incredible demand for travel to Japan, it is one of the destinations where we’ve seen the highest growth recently. We look forward to showcasing the impeccable service Centurion Lounges are known for in a destination we know is so important to our Card Members.” “Long awaited by our eligible Card Members, we are thrilled to open Japan’s first Centurion Lounge at Haneda Airport,” said Yasuhiro Sudo, Senior Vice President, Japan Country Manager at American Express. “We look forward to providing a best-in-class experience with high-quality meals, a wonderful atmosphere, and local charm to eligible Japanese Card Members and eligible Card Members from all over the world. We are committed to delivering the exceptional customer experience American Express proudly offers and is known for.” Select Dishes by Chef Satoshi Ogino, Plus Specialty Drinks and Sweets Bar Acclaimed Chef Satoshi Ogino is known for his mastery of classic Japanese cuisine with an emphasis on seasonality and has helmed the kitchens of several Michelin-starred restaurants in Tokyo, including his own Akasaka Ogino. In addition to a special lounge menu by Chef Ogino showcasing local flavors in his signature style, the kitchen will also offer Japanese favorites including sushi and ramen, and a buffet will serve both local and global cuisine. A full bar will offer a premium menu of wine, locally inspired cocktails, and a selection of Japanese beers, sake, and shochu1, while a dedicated sweets bar will feature a selection of teas and traditional Japanese Wagashi sweets, plus a rotating menu of additional treats. Art and Design Inspired by Local Craftsmanship and “Japan Blue” Designed by OnBrand, American Express’ in-house creative agency, the lounge is inspired by the philosophy, craftmanship, and artistry of Japanese culture and “Japan Blue.” Produced by the Japanese dyeing technique of Aizome, “Japan Blue” is a deep indigo hue that represents tranquility and stability and is ubiquitous in Japanese art, architecture and fashion. The color is woven throughout the lounge and complemented by natural materials and textures, including slatted wood, stone, and subtle walnut and black ash accents. The bar features elegant Uroko ceramic tiles and a dramatic ceiling canopy, while an Edo-Kiriko-inspired custom chandelier hangs in the main seating area and locally inspired textiles and wall coverings can be found throughout the space. The lounge features commissioned artwork from several local artists, including a custom American Express-inspired mural by Shu Kuroki, and Saki Matsumoto’s textile reimagining of the American Express bulldog, Sir Charles Frosty Blue, as Komainu – a guardian of Japanese shrines symbolizing trust and protection. The artwork also includes ceramics by Ryuji Iwasaki, ink paintings by Ryohei Sasaki, and a traditional Japanese Wajima Nuri lacquerware installation by Miho Yokoyama. The pieces for the installation were sourced from Ishikawa — home of the Wajima Nuri lacquerware tradition — to support recovery efforts following the 2024 earthquake that devastated the Noto Peninsula. At nearly 7,500 square feet, The Centurion Lounge at HND will feature luxury amenities and several areas for travelers to work, relax and recharge before boarding their flights, including: Private phone rooms with curated audio programing for meditation: Private booths that can be used for phone calls or meditation provide functionality and tranquility with acoustical fabric panels, traditional Japanese artwork, and a curated audio program of calming water, forest, bird, and wind sounds. Comfortable seating areas for all types of travelers: Guests will have a wide range of seating options to choose from including armchairs, high tops and dining banquettes, cozy couches, and a private room with seating to accommodate families and small groups, complete with a television. Centurion VIP Room: Centurion Members have access to a VIP area featuring elevated-yet-comfortable furnishings and finishes, including Kumiko style woodwork, a private beverage station, and a curated display of Japanese artwork and photography that captures scenes from the country’s lively festival culture. Signature Centurion Lounge amenities for all types of travelers: Guests will also find signature Centurion Lounge amenities, including dedicated workstations and phone booths, premium shower suites and restrooms, abundant outlets and USB ports, access to complimentary high-speed Wi-Fi, and more. Meeting More Card Members in More Places With more airport lounge options than any other credit card issuer2, the American Express Global Lounge Collection™ is just one of the many ways American Express supports Card Members while they travel. Eligible Card Members have access to more than 1,550 lounges worldwide, including 30 Centurion Lounges. American Express continues to expand and enhance the Centurion Lounge Network with plans announced to open new lounge locations at Salt Lake City International Airport (SLC) in Salt Lake City in 2025 and Newark

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COUNTRY & SECTOR RISKS – June 2025 The great leap backwards: 23 sectors and 4 countries downgraded

HONG KONG SAR / SHANGHAI & BEIJING, CHINA / TAIPEI, TAIWAN / SYDNEY, AUSTRALIA / TOKYO, JAPAN – Media OutReach Newswire – 15 July 2025 – In a context of unprecedented geopolitical and trade uncertainty, the global economy is navigating between an expected slowdown and escalation risks. Trump’s tariff decisions and tensions in the Middle East are reshaping an unpredictable economic landscape for 2025-2026. In this environment, and in view of the measures already in place, Coface has downgraded 23 sectors and 4 countries. Key trends: US tariffs, even if paused or reduced, have already reached historically high levels Nearly 80% of advanced economies recorded an increase in defaults in the first quarter of 2025 compared to 2024 The metal sector is the most affected, and traditional industrial sectors (automotive and chemicals) are under pressure. Other sectors that have been downgraded include: In the United States, information and communication technologies and retail In China, textiles and clothing, impacted by customs duties. Global economy: uncertainty is the new normal The global economic outlook is more uncertain than ever, as it depends heavily on (geo)political events and the trade decisions of the US President. The reintroduction of tariffs after the 90-day suspension periods (9 July for the rest of the world, 12 August for China) could have a significant impact on global growth. A marked slowdown is expected (2.2% growth in 2025 and 2.3% in 2026), with mainly downside risks – growth of below 2% cannot be ruled out if the geopolitical and trade situations escalate. The same uncertainty naturally surrounds inflation, whose current stability could be jeopardised. It could reach 4% in the US by the end of 2025, with broader upside risks subsisting in the event of higher energy prices. The major central banks are likely to respond with a continued cautious stance. However, if US inflation is brought under control, the Fed could cut rates as early as the autumn of 2025. The ECB has announced that it will maintain its rate-cutting policy, but added that it is close to its terminal rate. Uncertainty is all the greater in Europe as long-delayed fiscal consolidation policies could finally begin to be implemented, while Germany is engaged in a stimulus programme whose scale is difficult to assess at this stage. Tensions in the Middle East and oversupply: oil balances on a high wire The Israel-Iran conflict has reigniting fears over oil. A disruption or even a blockade of the Strait of Hormuz (the passage for 20 million barrels per day, or 20% of global supply) could push prices above $100 per barrel. Excluding this geopolitical environment, however, fundamentals point to a fall in prices on back of production increases in non-OPEC+ countries, demand weakened by trade tensions and the reintroduction of volumes by OPEC+ members (2.2 million barrels per day). Barring a major crisis, prices should continue to be extremely volatile but remain within a range of $65 to $75 per barrel. Advanced economies: a mix of resilience and vulnerability The US economy faces two uncertainties: the size of customs tariffs and how they will be absorbed by the economy. Despite declining consumer confidence, employment is holding up and the contraction in GDP (-0.2% in Q1) is a reflection of preventive stockpiling by businesses. In Europe, Germany saw a minor uptick in growth in the first quarter, France remains sluggish, Italy could run out of steam, while Spain continues to benefit from tourism and European funds to maintain momentum. Emerging economies are the first victims of trade turmoil In China, the temporary truce on tariffs has led to a surge in exports, but the outlook is fragile. India, despite generating growth of more than 7% in the first quarter, is seeing consumption slow and its fiscal headroom shrink. In Latin America, Mexico is bearing the brunt of trade uncertainty, with zero growth expected in 2025. Brazil, after a rebound in agriculture following El Niño-induced losses, is expected to contract on back of restrictive monetary policy (key rate raised to 15%). In Argentina, the momentum generated by Mileinomics is strong and, despite its low foreign exchange reserves, could post GDP growth of 5% in 2025 and 3.5% in 2026. Metallurgy: 600 million tonnes of steel overcapacity weighing on the global sector The metallurgy sector is experiencing a major crisis, having recorded global steel overcapacity of 600 million tonnes in 2024, which represents 25% of global production. The unfavourable macroeconomic environment, energy tensions and new steel tariffs are exacerbating the situation for steelmakers, particularly in Canada, Mexico and Europe. Canada: the economy is faltering under the weight of tariffs With 75% of its exports headed for the US, Canada is one of the countries most exposed to the trade war. Growth has slowed significantly after a surge at the end of 2024. Consumption is falling, investment is weakening and unemployment stands at 6.9%, its highest level since 2017. Exports, boosted by the menace of customs duties, contracted sharply in April. The automotive and metals sectors, which were hit by tariff increases of up to 50%, have been particularly affected. The upcoming revision of the USMCA agreement, which is expected to be brought forward to the end of 2025, could further exacerbate the country’s economic instability. Read the full study here Hashtag: #Coface The issuer is solely responsible for the content of this announcement. COFACE: FOR TRADE As a global leading player in trade credit risk management for almost 80 years, Coface helps companies grow and navigate in an uncertain and volatile environment. Whatever their size, location or sector, Coface provides 100,000 clients across some 200 markets. with a full range of solutions: Trade Credit Insurance, Business Information, Debt Collection, Single Risk insurance, Surety Bonds, Factoring. Every day, Coface leverages its unique expertise and cutting-edge technology to make trade happen, in both domestic and export markets. In 2024, Coface employed +5,200 people and recorded a turnover of ~€1.845 billion.

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