Author: Durian

SINGAPORE, Mar 24, 2025 - (ACN Newswire via SeaPRwire.com) - Wintermar’s Operating Profit jumped by 101.5%YOY to US$17.8 million on the back of a 13.5%YOY increase in Total Revenue to US$82.4million, from higher charter rates and a better fleet mix of DP (Dynamic Positioning) vessels.Owned Vessel DivisionOwned Vessel Revenue rose by 28.9%YOY to US$62.1million for FY2024 from US$48.2million in FY2023. This was driven by a larger number of DP vessels in the fleet which pushed the average charter rates for 2024 up by 26% as compared to the average charter rate in 2023. These factors contributed to a 106.2%YOY jump in Gross Profit from Owned Vessels to US$22.4million for FY2024 with vessel utilization in 2024 at 66%, slightly lower than 68% for 2023.Owned Vessel gross margin has increased to 36.1% in FY2024 as compared to 22.6% in FY2023, reflecting a strong increase in charter rates as well as a better fleet exposure to the DP segment. Our 5150BHP to 8000BHP AHTS as well as PSVs experienced a higher charter rate boost than the rest of the fleet due to rising demand for deeper water drilling projects, which require DP capability.Vessel utilization fell in 4Q2024 to 63% compared to 67% in 3Q2024. Some vessels completed spot contracts while the monsoon season in Brunei also impacted utilization. These vessels underwent maintenance and will start operations again in mid 1Q2025. The additional PSV which was delivered in October 2024 did not commence operations until January 2025. Chartering Division and Other ServicesGross Profit from Chartering rose by 28.7%YOY to US$1.4million, despite slightly lower revenue of US$13.7million, reflecting improved margins. Gross Profit from Other Services recorded a decline of 16.7%YOY to US$2.6million upon the completion of a contract. Total Revenue for FY2024 rose 13.5% YOY to US$82.4 million with Total Gross Profit of US$26.4 million (+75.5%YOY) for FY2024 as compared to Total Revenue of US$72.6 million and Total Gross Profit of US$15.0 million in FY2023.Direct Expenses and Gross ProfitOwned Vessel Direct expenses rose by 6.4% YOY to US$39.7million, largely from higher maintenance costs, which rose by US$7.5million (+21.8%YOY), in additional to higher crewing costs of US$10.3million (+10.5%YOY).The higher maintenance and crewing costs are aligned with operating a fleet of higher value vessels and a larger proportion of operations outside of Indonesia. Depreciation costs rose by 5.4%YOY to US$13.4million as the number of operational vessels increased. Bunker costs rose by 7.2%YOY to US$3.3million due to higher oil prices and a larger number of vessels mobilized in and out of Indonesia.Indirect Expenses and Operating ProfitIndirect Expenses rose by 38.5%YOY to US$8.6million, with Staff Salary contributing US$1million to the increase, reflecting a focus on strengthening the operations, technical and IT teams to manage a higher value fleet, as well as the payment of employee bonuses in line with the strong operational performance. As the Company now participates in more international tenders, there has been an increase in marketing expenses by 164.8%YOY to US$0.66million.Operating margins jumped to 21.6% for FY2024 compared to 12.2% in 2023, as Operating Profit doubled to US$17.8million for FY2024, reflecting the impact of operational gearing on the Company’s profitability as charter rates begin to rise.Other Income, Expenses and Net Attributable ProfitInterest Expenses and financial charges fell by 4.2%YOY to US$1.2million while interest income rose by 582%YOY to US$0.46million, as the Company continued to accumulate cash flow and pay down debt. Equity in net earnings of associates jumped to US$2.4million for FY2024 from US$0.55million in FY2023, with strong contribution from associated companies with OSV operations which also benefitted from the strong industry upturn.The sale of fixed assets contributed a one-off gain of US$16.1million, largely from the sale of an older PSV in the first half of 2024. Due to the strengthening of the A, the Company recorded a FX loss of US$0.47million mainly from Rupiah denominated trade receivables.Non-controlling interest was significantly higher at US$9.8million compared to a small loss of US$0.04million in FY2023. The largest contributor to this was from the gain on sale of fixed asset as well as the stronger earnings from the PSV business which is 51% controlled by Wintermar.Net Attributable Profit to shareholders for FY2024 was US$22.5million, a significant jump of 237% compared to US$6.7million in FY2023. Excluding the gain on sale of Vessel, the underlying core profit increased by 126.5%YOY to US$15.1million compared to US$6.6 million in FY2023.FY2024 EBITDA increased by 44.8% YOY to US$31.5million.Industry OutlookThe recent months have been characterized by rising global uncertainty arising from dramatic policy changes in the US, the prospect of tariff wars and the fragile ceasefire in Gaza. These upheavals have not derailed the underlying momentum in the upstream investment cycle, which seems to still be unfolding as major oil companies have started to roll back renewable energy projects in favour of investing in oil and gas. The oil price has corrected from previous highs but is forecasted to stay firm in the next couple of years from OPEC+ intervention.In Indonesia, the government remains committed to the various major deepwater projects which have received investment approval in the past 12 months. SE Asian charter rates corrected slightly at the end of 2024 after a very sharp spike up in the past 12 months. However, there are several Engineering Procurement (EPCI) projects which require OSV for short-term projects, which accounts for a more volatile utilization of the OSV fleet. Business ProspectsDespite a slower 4Q2024, we are still optimistic on the outlook for OSVs in Indonesia as there are several approved deepwater drilling projects particularly in the Makassar strait and the Andaman sea which are likely to commence in 2H2025 to 2026. Some EPCI contracts have been awarded and tendering for the marine spread is ongoing for 2H2025 commencement. All this points to continued short term contracts, by virtue of where we are at this early stage of the drilling cycle, and we expect continued volatility in utilization rates while charter rates should remain firm.Wintermar took delivery of 3 units of newbuilt Heavy Load Barges (HLB) between December 2024 to February 2025. The vessels are in the process of conversion to Indonesian flag and will be ready to work by 2Q2025. In addition, the Company has ordered a newbuilt Platform Supply Vessel for delivery in 2026, which will enhance the DP capability of the fleet and reduce average age of the fleet. These acquisitions have been funded through internal cash flow and will be refinanced upon delivery. In 2H2025, another reactivated PSV is expected to be operational, adding to our capacity for 2025.Contracts on hand as at end February 2025 amounted to US$66million. About Wintermar Offshore Marine GroupWintermar Offshore Marine Group (WINS.JK), developed over nearly 50 years with a track record of quality that is both a source of pride and responsibility that we are dedicated to upholding, and sails a fleet of more than 48 Offshore Support Vessels ready for long term as well as spot charters. All vessels are operated by experienced Indonesian crew, tracked by satellite systems and monitored in real-time by shore-based Vessel Teams.Wintermar is the first shipping company in Indonesia to be certified with an Integrated Management System by Lloyd's Register Quality Assurance, and is currently certified with ISO 9001:2015 (Quality), ISO14001:2015 (Environment) and OHSAS 18001:2007 (Occupational Health and Safety). For more information, please visit www.wintermar.com.For further information, please contact:Ms. Pek Swan Layanto, CFAInvestor RelationsPT Wintermar Offshore Marine TbkTel (62-21) 530 5201 Ext 401Email: investor_relations@wintermar.com DISCLAIMERCertain statements made in this publication involve a number of risks and uncertainties that could cause actual results to differ materially from those projected. Certain statements relating to business and operations of PT Wintermar Offshore Marine Tbk and Subsidiaries (the Company) are based on management’s expectations, estimates and projections. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Certain statements are based upon assumptions as to future events that may not prove to be accurate. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such statements. The Company makes no commitment, and disclaims any duty, to update or revise any of these statements. This publication is for informational purposes only and is not intended as a solicitation or offering of securities in any jurisdiction. The information contained in this publication is not intended to qualify, supplement or amend information disclosed under corporate and securities legislation of any jurisdiction applicable to the Company and should not be relied upon for the purpose of making investment decisions concerning any securities of the Company. Copyright 2025 ACN Newswire via SeaPRwire.com.

HONG KONG, Mar 24, 2025 - (ACN Newswire via SeaPRwire.com) - Dida Inc. (“Dida” or the “Company”, Stock Code: 02559.HK), a leading technology-driven mobility platform, announced the audited consolidated annual results for the year ended December 31, 2024.Financial Highlights:- Revenue was RMB787.2 million for the year ended December 31, 2024, compared to RMB815.1 million for the year ended December 31, 2023.- Gross profit was RMB567.0 million for the year ended December 31, 2024, compared to RMB605.4 million for year ended December 31, 2023.- Net profit increased by 234.4% from RMB300.4 million for year ended December 31, 2023 to RMB1,004.3 million for the year ended December 31, 2024.- Adjusted net profit (non-IFRS measure) was RMB211.4 million for the year ended December 31, 2024, compared to RMB225.6 million for the year ended December 31, 2023.Operation Highlights:- Gross transaction value amounted to RMB7.4 billion and total number of orders reached 119.1 million for the year ended December 31, 2024.- Registered users reached over 372 million as of December 31, 2024- Certified private car owners reached 18.9 million, an increase of 21.4% year-on-yearBusiness OutlookCarpooling marketplace businessThe Company believes carpooling in China is still at its early stage of development, with significant market demand yet to be fully released and the benefits of carpooling not fully recognized by the public. At the same time, the Company notices a year-on-year increase in the demand for carpooling. In 2024, the number of passengers who placed orders surged 34.3% year-over-year, driven by robust demand in lower tier cities. Riders on the platform can access low-cost mobility options and enjoy quality experience. Private car owners can save money on gas and tolls by sharing traveling expenses with riders. Carpooling also brings about numerous societal benefits, such as reducing carbon emissions and mitigating traffic congestion. In the future, the Company will seek more robust, healthier, and suitable transportation capacity and a broader user base through multiple approaches. The Company will establish strong collaborations with third-party platforms to expedite the growth initiatives. In the lower-tier cities, the Company will drive growth through the conversion of private domain traffic, the dissemination of a “low-price” mindset, and the optimization of mini-program functionalities. The Company will continue to fine-tune the algorithms for precise route matching to enhance driver retention. Furthermore, the Company will explore various scalable carpooling scenarios, such as employee commuting and student travel to and out of college campuses, to expand the user base. For the driver side, the Company will also encourage more diversified demands to provide better travel experiences, especially for those looking for better ride compatibility. Moving forward, the Company will continue to refine the station based carpooling model to better meet user needs by offering more compatible and cost effective options.Taxi businessIn selected cities where the Company has already entered into strategic cooperation agreements, the Company will closely work with all relevant stakeholders, including local authorities, taxi industry associations, taxi companies, and taxi drivers to implement its strategy for smart taxi services. Several cities are considering changing traditional fixed-price models for taxi riding to dynamic pricing in response to competition from ride-hailing. The Company is leveraging this opportunity to provide smart taxi service solutions tailored to these cities, which includes technologies and systems to support the implementation of dynamic pricing.For the full announcement of Dida for the annual results ended December 31, 2024, please visitt: https://manager.wisdomir.com/files/594/2025/0321/20250321213001_91138480_en.pdfAbout Dida Inc.Dida Inc. (“Dida” or the “Company”, Stock Code: 02559.HK) is a leading technology-driven mobility platform in China. The Company creates more transit capacity with less environmental impact by providing carpooling marketplace services to pair up riders with private car owners if they are heading in similar directions at compatible times. It also provides smart taxi services, aiming to improve the efficacy and efficiency of relevant stakeholders in the taxi industry in China. Dida makes the mobility ecosystem greener and more efficient, and each trip experience warm and enjoyable.Forward-Looking StatementsThis press release contains forward-looking statements relating to the business outlook, forecast business plans and growth strategies of the Company. These forward-looking statements are based on information currently available to the Company and are stated herein on the basis of the outlook at the time of this press release. They are based on certain expectations, assumptions and premises, some of which are subjective or beyond the control. These forward-looking statements may prove to be incorrect and may not be realized in future. Underlying the forward-looking statements is a large number of risks and uncertainties. Further information regarding these risks and uncertainties is included in the other public disclosure documents on the corporate website. Copyright 2025 ACN Newswire via SeaPRwire.com.

HONG KONG, Mar 24, 2025 - (ACN Newswire via SeaPRwire.com) - Q P Group Holdings Limited (“Q P Group” or the “Group”; Stock code: 1412), a paper product manufacturing and printing services provider, today announced its annual results for the year ended 31 December 2024 (“FY2024” or the “Reporting Period”).In FY2024, the Group achieved revenue of approximately HK$1,210.9 million, representing a year-on-year increase of approximately 16.5%, driven by increased demand from its original equipment manufacturer (“OEM”) and web sales customers. Bolstered by continuous improvements in operational and production efficiency, profit attributable to the equity holders of the Company surged approximately 61.2% to approximately HK$129.1million.The Board of Directors has proposed a final dividend of HK11.0 cents per share (FY2023: HK8.0 cents) for FY2024. Together with the interim dividend of HK3.0 cents (FY2023: HK2.0 cents) already paid, the total dividend for FY2024 will be HK14.0 cents per share (FY2023: HK10.0 cents).Business ReviewDuring the Reporting Period, the Group remained highly focused on steady business expansion and optimisation of operations, successfully capturing new business opportunities driven by rising demand for its major OEM customers’ products. Additionally, the Group made steady progress in diversifying its business across various product lines. Leveraging strengths in product development, production know-how and operation standards for trading cards production, it cultivated business relationships with an industry-leading global trading card company and various publishers in China. During the Reporting Period, the Group’s OEM sales reached approximately HK$984.8 million, up approximately 16.4% from approximately HK$845.8 million for FY2023.In terms of web sales business, riding on the well-established market position, enhanced customer experience and effective cost-saving measures, the Group’s web sales achieved steady growth during the Reporting Period. Q P Market Network (“QPMN”), our recently launched business-to-business-to-consumer (B2B2C) e-commerce platform, also made ongoing efforts to enhance its website’s infrastructure and functionality, and successfully built relationships with business partners from all over the world. In FY2024, the Group’s web sales amounted to approximately HK$226.1 million, representing a growth of approximately 16.9% as compared with approximately HK$193.4 million for FY2023.In respect of operations, the Vietnam plant commenced full-scale operations during the Reporting Period, becoming a crucial production hub for the Group. In September 2024, the Group entered into a construction agreement with a contractor for the construction works in relation to the expansion of the Vietnam plant.ProspectsLooking ahead, the Group will stay focused on steady business expansion and operational optimisation. It aims to strengthen its OEM solutions by innovating in product structural design, printing and finishing techniques, and new material utilisation. To capitalise on the booming trading card games market, the Group will actively participate in relevant trade shows to enhance market penetration and position itself to seize emerging opportunities.The development of QPMN remains the Group’s key growth strategy in web sales business in the long run. The Group will focus on enriching its e-commerce solutions for product customisation, expanding its product range and enhancing its integration with popular e-commerce platforms, in order to better align with the market standard and expectations of business partners. For the Original Brand Manufacturer (“OBM”) business, the brand’s dedicated team has formulated a series of online and offline approaches, aiming to progressively diversify the brand’s sales channels, enlarge customer base, broaden market presence and grow the customer base. Besides playing cards, the brand will explore the market potential of other products such as trading card games, board games, and tarot decks to promote brand awareness and expand revenue streams.The Group will continue to optimise production operations, with the expansion of its Vietnam production base progressing on schedule and expected to commence operations in the third quarter of 2025. This strategic expansion will enable the Group to develop a more comprehensive supply chain in Vietnam and diversify the potential operational risks arising from geopolitical factors. On the other hand, following the recent milestone of achieving the certification of 2i level of Industry 4.0 maturity, the Group is committed to advancing its digital transformation through improvement in utilisation of operational data and scaling up the application of smart operations across more production lines and workshops.Mr. Cheng Wan Wai, Founder, Chairman and CEO of Q P Group concluded: “The manufacturing industry is predicted to face a complicated economic landscape with both opportunities and challenges in 2025. The consumer market is expected to show resilience, underpinned by steady economic growth and declining inflation. In contrast, the imposition of tariffs and heightened protectionism driven by widespread geopolitical tensions will inevitably impact the manufacturing sector. Based on our solid business and financial foundation, we are confident about the long-term prospect of the Group. We will continuously implement appropriate strategies to sustain steady growth and create long-term value for our stakeholders.About Q P Group Holdings Limited (Stock code: 1412)Established in Hong Kong in 1985, Q P Group is one of the leading paper-based tabletop games and greeting cards manufacturers in the PRC, with production sites in Dongguan and Heshan in Guangdong Province and Phu Ly City in Ha Nam Province, Vietnam. Its principal product categories include tabletop games, greeting cards, trading cards, educational items and premium packaging. Since 2010, the Group has been operating web sales businesses to provide online solutions for diversified customised paper products and gift items. Currently, the number of its active registered users has reached over 77,600.Q P Group’s major websites are:www.makeplayingcards.comwww.boardgamesmaker.comwww.createjigsawpuzzles.comwww.printerstudio.comQ P Market Network:www.qpmarketnetwork.comFor more information, please visit: https://www.qpp.com/Media EnquiriesStrategic Financial Relations LimitedVicky LeeTel: (852) 2864 4834Email:vicky.lee@sprg.com.hkPhoebe LeungTel: (852) 2114 4172Email:phoebe.leung@sprg.com.hkWill ChengTel: (852) 2864 4894Email:will.cheng@sprg.com.hkWebsite: http://www.sprg.com.hk Copyright 2025 ACN Newswire via SeaPRwire.com.

QUAKERTOWN, PA, Mar 24, 2025 - (ACN Newswire via SeaPRwire.com) - DEXIS, the global leader in dental imaging technologies, is excited to announce its participation in the International Dental Show (IDS) 2025 in Cologne, Germany.The company will showcase new technologies within the DEXIS digital ecosystem, an AI-powered platform that connects each step of the digital workflow, from diagnosis to delivery. The ecosystem combines AI, 2D & 3D imaging, intraoral scanning, diagnostics, and treatment planning to create one integrated solution that streamlines processes and boosts productivity."We're excited to give IDS attendees the very first look at some of our new technologies," says DEXIS President, Robert Befidi. "All of our innovations are designed to improve patient interactions and make dental practices more effective and efficient. We're eager to put our products into the hands of dental professionals and demonstrate the capabilities of our new technologies."Among these innovations are some exciting updates to the DEXIS intraoral scanning portfolio. Visitors will get an exclusive first look at the company's all-new intraoral scanner under development, Imprevo. With a sleek new design, fully rebuilt hardware, and AI-powered algorithm, Imprevo will become the new high-performance flagship of the DEXIS IOS portfolio.IS ScanFlow, the software that powers the DEXIS intraoral scanner line, will preview its newest version, IS ScanFlow 2.0, featuring a new Smile Visualizer tool. The tool will allow dental professionals to show patients a realistic preview of their smile before and after treatments, helping them to visualize and better understand treatment recommendations.DEXIS will also unveil updates to the ORTHOPANTOMOGRAPH™ OP 3D™ EX, which will soon include cephalometric imaging capabilities. The new ceph modality, which features the company's patented ORTHOceph™ Plus design, will provide necessary protocols such as lateral and pediatric lateral projections, posterior-anterior projections and carpus imaging* - all with fast scan times and at a limited dose.Additionally, the DEXIS 3D imaging portfolio will introduce an Automatic Dose Control feature for the ORTHOPANTOMOGRAPH™ OP 3D™ LX. The feature will measure patients' anatomy and automatically set exposure levels for optimal image quality and dose. Early adopters have reported positive feedback:"The new Automatic Dose Control is one of the few things in life I don't have to question," says Dr. Katya Archambault of San Diego Health Center. "It offers both better and more consistent image quality. I could never argue with the results."Also being showcased are new features within DTX Studio™ Clinic, the core software of the DEXIS digital ecosystem. Known for its comprehensive integration of all modalities of patient data, DTX Studio Clinic streamlines diagnostics, patient education, treatment planning, and surgical guide generation.The software's new features include a suite of tools designed to streamline the implant treatment planning process. Users can now plan an implant treatment and generate an automated surgical template chairside in under 3 minutes. Additionally, the software introduces an Assisted Implant Planning module that automates initial implant positioning, and a Face Scan tool that integrates facial scans with 3D X-rays, further enhancing the planning process.Attendees will also get the chance to preview new innovations, set to be released in future updates of DTX Studio Clinic. Among these innovations is a new, AI-driven endodontic capability, that will provide 3D visualizations of root canals, enhancing diagnostic accuracy and treatment efficiency. Additionally, updates to the focus areas detection tool will be showcased, enhancing the visualization of teeth in intraoral X-rays and detecting eight additional dental findings.DTX Studio Clinic will also introduce a new Cloud-based solution that will allow clinicians to connect their practices and consolidate data in one place. This feature is designed to enhance collaboration and streamline workflows, ultimately improving practice efficiency and patient outcomes. These advancements showcase the future of dental technology, making DTX Studio Clinic an integral part of modern dentistry.DEXIS invites all IDS attendees to visit Hall 11.2 K050 L069 to experience the innovations that DEXIS has to offer. Their team of experts will be ready to provide demonstrations and answer questions.With more than 165,000 solutions in use around the world, DEXIS continues to set the standard for quality and reliability in dental imaging. For more information about DEXIS and its participation in IDS, please visit DEXIS @ IDS 2025.About DEXISDEXIS is the global leader in dental imaging. We bring together the most trusted brands in 2D and 3D imaging, intraoral scanning solutions, and diagnostic software, in one connected and AI-powered ecosystem. Our innovative and award-winning technologies use smart simplicity to increase productivity and enhance diagnostic confidence. For more information, please visit DEXIS.com.About EnvistaEnvista Holdings Corporation is a global family of more than 30 trusted dental brands, including Nobel Biocare, Ormco, DEXIS, and Kerr, united by a shared purpose: to partner with professionals to improve lives. Envista helps its customers deliver the best possible patient care through industry-leading dental consumables, solutions, technology, and services. Its comprehensive portfolio, including dental implants and treatment options, orthodontics, and digital imaging technologies, covers a wide array of dentists' clinical needs for diagnosing, treating, and preventing dental conditions as well as improving the aesthetics of the human smile. With a foundation comprised of the proven Envista Business System (EBS) methodology, an experienced leadership team, and a strong culture grounded in continuous improvement, commitment to innovation, and deep customer focus, Envista is well equipped to meet the end-to-end needs of dental professionals worldwide. Envista is one of the largest global dental products companies, with significant market positions in some of the most attractive segments of the dental products industry. For more information, please visit www.envistaco.com.DXIS01006/Rev00*Carpus is an optional imaging programContact InformationMaria PenalozaMedia & Content Strategy Managermariap@accessnewswire.comMichelle CabralSenior Marketing Director, DEXISmichelle.cabral@envistaco.comSOURCE: Envista Copyright 2025 ACN Newswire via SeaPRwire.com.

HONG KONG, Mar 24, 2025 - (ACN Newswire via SeaPRwire.com) - CTF Life announces today the launch of its “GBA MediAccess” Outpatient Insurance Plan (“GBA MediAccess” or “the Plan”), tailored for customers who travel frequently between Hong Kong, Macau, and designated Greater Bay Area (GBA) cities*. By harnessing the robust medical network of The GBA Healthcare Group (GBAH), a member of Chow Tai Fook (CTF) Enterprises, the Plan provides convenient and quality medical services. Fully leveraging CTF Group’s diverse conglomerate, CTF Life is committed to delivering quality experiences for customers and creating value beyond insurance. Notably, CTF Life has become the first insurer to partner with GBAH to offer traditional Chinese medical outpatient consultations.Three plan levels are available, covering designated GBA cities*, as well as Hong Kong and Macau. It offers market-first1 coverage for both Western and traditional Chinese medical practitioner outpatient consultations, as well as dental scaling and health management value-added services for the customer and up to two designated family members2. The Plan provides a comprehensive range of services, including online3,4 and offline general practitioner outpatient consultation3,5, with up to three days of prescribed basic medication, traditional Chinese medical outpatient consultation3,6, dental scaling3,7, and two value-added services offering proactive health management3,8 and chronic disease management3,9. This one-stop solution addresses the needs of customers and their families2 in areas ranging from health screening, continuous monitoring to health education, providing reliable, affordable, and accessible healthcare management. It sets a cornerstone for personal and family health, ensuring customers peace of mind as they travel within the GBA.CTF Life formed a strategic partnership with GBAH in early 2024, creating a tripartite alliance with the 3A hospitals in the GBA under GBAH’s network to deliver one-stop premium medical services. This collaboration not only enhances medical efficiency and reduces healthcare costs, but also elevates the customer service experience. The deepened collaboration further strengthens this partnership, actively supporting the Hong Kong SAR government’s efforts to develop the GBA by providing high-quality medical services to customers who travel frequently across the region.Jarita Kwan, Chief Product Officer of CTF Life, said: “With the rapid development of the GBA, there is a growing demand for healthcare coverage across the region. ‘GBA MediAccess’ is specifically designed to meet the evolving lifestyles of our customers and the increasing popularity of integrated Chinese and Western medical treatments. It enables customers and their families in the GBA to benefit from the CTF Group’s diverse conglomerate, accessing premium Chinese and Western healthcare services provided by GBAH. The Plan introduces market-first1 family coverage for up to three members2 to co-use services under a single plan, including Western and traditional Chinese medical outpatient services and dental scaling, fully underscoring CTF Life’s commitment to being people-focused and customer-centric. Moreover, CTF Life is the first insurer to partner with GBAH to offer Chinese medical outpatient consultations. We look forward to further strengthening our collaboration with GBAH to launch more services that cater to customer needs, creating value beyond health.”Dr. Felix Lee, Co-CEO of The GBA Healthcare Group, stated: "Our deepened collaboration with CTF Life strategically addresses evolving cross-border lifestyles and retirement needs in the GBA, while pioneering the integration of insurance and healthcare innovation. Through ‘GBA MediAccess,’ customers and their families can book appointments with internationally accredited GOLDTM-certified family doctors, accessing a suite of healthcare services. These include General Practice consultations in Guangdong, Hong Kong, and Macau, Traditional Chinese Medicine services in the GBA*, Video Consultations, Chronic Disease Management, Proactive Health Management, and the convenience of Cross-border Direct Billing for Insurance. By leveraging GBAH’s end-to-end healthcare expertise – from preventive care to treatment – our expansive cross-border network, and the region’s unparalleled medical resource advantages, we deliver multi-generational healthcare continuity across the GBA. This ensures families achieve holistic health stewardship, from preventive interventions to health legacy planning. Moving forward, building upon our professionally accredited healthcare ecosystem and trusted standards in the GBA, we will jointly propel the development of an internationally recognised value-based care model, while collaboratively pioneering innovative solutions to advance client-centered health stewardship."Key features of the Plan include:1) Market-first1 family coverage for three members:- The Plan provides coverage for the customer and up to two of their designated family members2 to take care of the family’s needs, offering comprehensive health protection and medical support in daily life.2) Online3,4 and offline general practitioner outpatient consultation services:- Regardless of whether the customer chooses a face-to-face or online consultation, the insured and designated family members2 can receive up to three days’ supply of prescribed basic medication with free delivery service (online consultations only). Three plan levels are available, with face-to-face outpatient consultation service covering designated cities in the GBA*, as well as Hong Kong and Macau.- Customers enrolled in Plan 3 can enjoy unlimited online general practitioner consultations conducted by designated clinics within the medical network, as well as medication delivery services in Mainland China10.3) Traditional Chinese outpatient consultation and dental tooth polishing services:- In addition to conventional Western medical outpatient services, upon referral by a GOLDTM doctor of GBAH, customers can receive traditional Chinese medical treatment services at designated clinics within the medical network located in designated GBA cities*. The services include consultations, diagnosis, prescribed traditional Chinese medicine for up to three days, and related traditional Chinese medical services and treatments.- The Plan also offers annual dental scaling and dental care service.4) Health management value-added services:- Proactive health management: This attentive service is conducted by GOLDTM doctors and nurses from GBAH, and includes an evaluation of a patient’s family medical history, the setting of annual health targets, education about preventive care, recommendations for a healthier lifestyle, etc. Follow-up consultations can be arranged for customers if needed.- Chronic disease management programme: GOLDTM doctors and nurses from GBAH shall offer customers and their family members education about chronic disease prevention, including regular check-ups, diabetes screening, medication management, and lifestyle advice, in a bid to achieve early prevention, early detection, and early treatment.CTF Life launches “GBA MediAccess” Outpatient Insurance Plan to enable customerswho travel frequently between Hong Kong, Macau, and designated cities in the Greater Bay Area* to receive convenient and quality medical services provided bythe robust medical network of GBAH. From left to right: Jarita Kwan, Chief ProductOfficer of CTF Life; Denise Au-Yeung, Chief Strategy Officer of CTF Life; Dr. FelixLee, Co-CEO of GBAH; and Peter Fang, Chief Insurance Officer of GBAH.Remarks:*“Designated GBA cities” refers to the six cities in Guangdong Province of the People’s Republic of China – Guangzhou, Shenzhen, Zhuhai, Foshan, Dongguan, and Zhongshan.1.“Market-first” refers to the Plan providing coverage for the customer and up to two of their family members, and it offers both Western and traditional Chinese medical practitioner outpatient consultation, as well as dental scaling and health management value-added services. “Market-first” is the result of a comparison of similar protection plans from major life insurers in Hong Kong, as of 24 March 2025.2.Family member / Designated Family Member shall be up to 2 immediate family members (i.e. Policy Owner’s legal spouse, child, or parent) designated by the Policy Owner (i.e. the Insured) at application or renewal. Designated Family Member cannot be changed within the same Policy Year. The issue age of the Insured ranges from 18 to 80 years old, while the issue age of the Designated Family Members ranges from 15 days old to 80 years old.3.For each outpatient consultation, the Insured and/or Designated Family Member is required to pay a co-payment of HKD 20 / MOP 20 / RMB 8. If the Insured and/or Designated Family Member receives any medical services, treatments, and/or medications that are not covered under this plan during any outpatient consultation or health management services provided by GBAH, the Insured and/or Designated Family Member will be responsible for covering the costs of such medical services, treatments, and/or medications.4.The general practitioner online consultation is only applicable to the Insured and/or Designated Family Member whose attained age is 7 or above on the day of the online consultation. The Insured or Designated Family Member may choose to receive online consultation conducted by registered medical practitioners of the designated clinics under the Medical Network in Mainland China of GBAH and prescribed basic medication for a duration of up to 3 days, including basic medication delivery services, provided that the address of the Insured or Designated Family Member is in the same geographical area as the clinic of the registered general practitioner who provides such online consultation. If the Insured and/or Designated Family Member is located in a different geographical area from the clinic of the registered medical practitioner during the online consultation, the service of the Plan shall not cover such online consultation nor any outpatient services. The Company shall not be liable for any losses incurred by the Insured or Designated Family Member.5.The Insured and/or Designated Family Member can receive face-to-face outpatient consultations conducted by registered medical practitioners of the designated clinics under the Medical Network within Designated GBA Cities, Hong Kong or Macau (subject to the area of coverage according to different plan levels as specified in the At-a-Glance Table in the product brochure), and prescribed basic medication for a duration of up to 3 days.6.If the Insured and/or Designated Family Member suffers from a Disability, and following an initial referral confirmed by a GOLDTM doctor of GBAH as Medically Necessary for traditional Chinese medical treatment, the Insured or Designated Family Member shall receive traditional Chinese medical treatment services at designated Chinese medical clinics under the Medical Network within the Designated GBA Cities of GBAH for such Disability. Service shall include consultations, diagnosis, prescribed traditional Chinese medicines for a duration of up to 3 days, and related traditional Chinese medical services and treatments, up to 100 Chinese yuan per outpatient consultation.7.The Insured or Designated Family Member shall receive dental scaling and dental care service at designated dental service centres under GBAH once per Policy Year.8.Upon completion of enrolment for this service under the Plan by the Insured and/or the Designated Family Member, GBAH will proactively reach out the Insured and/or the Designated Family Member. With their consent, an initial assessment of proactive health management to be conducted via face-to-face or online will be arranged by the GOLDTM doctors from GBAH for the Insured and/or Designated Family Member. The first assessment of proactive health management and any subsequent follow-up assessments shall each be considered as 1 outpatient consultation, subject to the maximum number of outpatient consultations per Policy Year.9.GBAH shall offer patients with education of chronic disease prevention. This programme is provided by GOLDTM doctors and nurses of GBAH for the Insured and/or Designated Family Member and which is limited to the Medical Network in Mainland China. Visits to clinics or service centres under Medical Network of GBAH by the Insured and/or Designated Family Member for this Chronic disease management programme shall not be considered as outpatient consultation and shall not be subject to the maximum numbers of outpatient consultation per Policy Year.10.For general practitioner online consultations that exceed the annual policy limit for outpatient services, the Insured and/or Designated Family Member will be responsible for covering the costs of medications and delivery fees.Important Notice:- The information contained in this press release is intended as a general summary of information for reference only. For more details, please refer to relevant product brochures, promotion leaflets, and policy documents. For details regarding the CTF Life “GBA MediAccess” Outpatient Insurance Plan, the terms and conditions of the Plan shall prevail.- This press release does not contain the full provisions of “GBA MediAccess” Outpatient Insurance Plan, and the full terms can be found in the Policy documents. “GBA MediAccess” Outpatient Insurance Plan may serve as standalone plan(s) without bundling with other type(s) of insurance product. Please refer to the main product brochure and policy terms and conditions, as well as the explanatory documents provided by your licensed insurance intermediary, to fully understand the details and complete terms and conditions regarding the mentioned definitions, fees, product features, exclusions, and compensation payment conditions related to “GBA MediAccess” Outpatient Insurance Plan.- Please refer to the product brochure for more information on “GBA MediAccess” Outpatient Insurance Plan: https://www.ctflife.com.hk/pdf/en/products/life-insurance/health/gba-mediaccess-product-brochure.pdf- For further details, please contact CTF Life’s Customer Service Hotline on +852 2866 8898.- This press release is intended to be distributed in Hong Kong only and shall not be construed as an offer to sell or a solicitation to buy or provision of any of our products outside Hong Kong. Chow Tai Fook Life Insurance Company Limited hereby declares that it has no intention to offer to sell, to solicit to buy or to provide any of its products in any jurisdiction other than Hong Kong in which such offer to sell or solicitation to buy or provision of any product of Chow Tai Fook Life Insurance Company Limited is illegal under the laws of that jurisdiction. About CTF LifeChow Tai Fook Life Insurance Company Limited (“CTF Life”) is proud of its rich, 40-year legacy in Hong Kong. CTF Life is a wholly-owned subsidiary of CTF Services Limited (Hong Kong Stock Code: 659) and one of the most well-established life insurance companies in Hong Kong. As a member of Chow Tai Fook Enterprises Limited, CTF Life consistently strengthens its collaboration with the diverse conglomerate of the Cheng family (“Chow Tai Fook Group” or “the Group”) to support customers and their loved ones in navigating life’s journey with personalised planning solutions, lifelong protection and diverse lifestyle experiences. By leveraging the Group’s robust financial strength and strategic investments across the globe, CTF Life aspires to become a leading insurance company in Asia while continuously creating value beyond insurance.About the GBA Healthcare Group (GBAH)The GBA Healthcare Group (GBAH) was established in 2014, a mission driven healthcare company founded in Hong Kong that has been pioneering private public partnerships for healthcare services with various regional governments in the Greater Bay Area (GBA). GBAH is a strategic, controlling healthcare investment of Chow Tai Fook Enterprises Limited, the flagship private investment holding company of the Cheng Family in Hong Kong. Since its establishment, GBAH has delivered primary care training and accreditation to over 3,500 GOLDTM-certified family doctors and nurses in the GBA, jointly built over 220 GOLDTM private-public-partnership clinics in partnership with regional governments, and operated GOLDTM Hong Kong-Macau Residents Healthcare Services Centers within large-scale top-tier public hospitals, offering full-spectrum outpatient and inpatient care. Through such a vast service network, GBAH is creating innovative alternative payment models with commercial health insurers, based on family medicine and preventive care practices, to implement value-based health insurance propositions. The goal of GBAH is to give everyone access to trusted and affordable healthcare, so that everyone can freely pursue their dreams without worrying about their health.Media EnquiriesCTF LifeBranding & CommunicationsDeronie Tan+852 2591 8504deronie.tan@ctflife.com.hkChow Tai Fook Life Insurance Company Limited (Incorporated in Bermuda with limited liability) Copyright 2025 ACN Newswire via SeaPRwire.com.

SOUTHEAST ASIA’S LEADING PROPTECH COMPANY REINVIGORATES SEARCH FOR THE COUNTRY’S FINEST REAL ESTATESINGAPORE, Mar 24, 2025 - (ACN Newswire via SeaPRwire.com) - The 15th edition of the PropertyGuru Asia Property Awards (Singapore) is now open for entries. To commemorate the milestone, the awards programme has been revitalised with the addition of new competitive categories as well as a new venue for 2025.The 15th edition of the PropertyGuru Asia Property Awards (Singapore) is now open for entries, with submissions accepted until 5 September.The latest search for Singapore’s finest real estate unfolds against a backdrop of market resilience and stability. Strong property demand persists despite ongoing challenges faced by property seekers, according to the PropertyGuru Singapore Consumer Sentiment Study H2 2024.The black-tie gala dinner and awards ceremony will be held for the first time at Andaz Singapore. Key dates for the 2025 edition are:5 September 2025 – Entries Close22-26 September 2025 – Site Inspections29 September 2025 – Final Judging31 October 2025 – Gala Dinner and Awards Ceremony in Singapore12 December 2025 – Regional Grand Final Gala Dinner and Awards Presentation in Bangkok, Thailand The 15th PropertyGuru Asia Property Awards (Singapore) programme is part of the broader PropertyGuru Asia Property Awards series, organised by PropertyGuru Group, Southeast Asia’s leading property technology company.Stable sentimentSingapore’s real estate market continues to exhibit resilience, with one in two consumers intending to buy a property within the next five years, according to the PropertyGuru Singapore Consumer Sentiment Study H2 2024.The Sentiment Index—which measures current real estate satisfaction and overall climate, housing affordability, interest rates, perceived government efforts, and property prices—remained stable at 43 points. This represents a slight decrease from the H1 2024 report, which recorded 44 points.This year’s awards mark the debut of several new categories, including Best Renovated Commercial Development; Best Renovated Residential Development; and Best Sustainable Development.Jules Kay, general manager of PropertyGuru Asia Property Awards and EventsJules Kay, general manager of PropertyGuru Asia Property Awards and Events, said: “We are proud to launch the 15th edition of our Awards series in Singapore, presenting well established and new accolades that underline its reputation as one of the greenest and most forward-thinking real estate markets in Asia Pacific. Our 2025 awards aim to recognise an even richer range of options for nature-inspired living and urban comforts in Singapore, illustrating a vision of what tomorrow’s cities can achieve. We are optimistic that demand for quality will stay resilient despite market challenges as we honour more projects that benefit Singapore's diverse communities and safeguard its environment.”Kristin Thorsteins, co-founder and managing partner, Portman Investment Pte Ltd, and chairperson of the PropertyGuru Asia Property Awards (Singapore), with 2024 Best Developer, UOL Group LimitedKristin Thorsteins, co-founder and managing partner, Portman Investment Pte Ltd, and chairperson of the PropertyGuru Asia Property Awards (Singapore), said: "At the 2025 PropertyGuru Asia Property Awards (Singapore), developers have the opportunity to present their achievements on a distinguished platform, showcasing them to the industry at large. Continuously adapting with the times, the awards honour companies and projects that excel not only in raising design and development standards but also in advancing sustainability, lifting communities, and improving the urban fabric of Singapore."Thorsteins leads an independent panel of judges, comprising experts across various segments of the Singapore real estate industry. As the official supervisor, HLB Singapore Foo Kon Tan, part of “2024 Network of the Year” winner HLB International, will maintain the fairness, transparency, and credibility of the selection process.Winners of the 2025 PropertyGuru Asia Property Awards (Singapore) may be eligible to compete for the Best in Asia titles at the 20th PropertyGuru Asia Property Awards Grand Final in December. Historic editionEstablished in 2005, the PropertyGuru Asia Property Awards series celebrates its historic 20th edition this year. The series has expanded over the decades to include markets such as the Middle East, Mainland China, Hong Kong, Macau, Japan, Australia, India, Sri Lanka, Cambodia, Indonesia, Malaysia, the Philippines, Thailand, Vietnam, and Singapore.Winners of the 2025 PropertyGuru Asia Property Awards (Singapore) may be eligible to compete for the Best in Asia titles at the 20th PropertyGuru Asia Property Awards Grand Final in December.At the 2024 Grand Final, eight Best in Asia titles were presented to outstanding companies from Singapore: UOL Group Limited and Singapore Land Group Limited, Pan Pacific Hotels Group, GuocoLand and Hong Leong Holdings Limited, TID Pte. Ltd., and FRX Capital Private Limited.Organised by PropertyGuru Group, the 15th Annual PropertyGuru Asia Property Awards (Singapore) are supported by official portal partner PropertyGuru.com.sg; official magazine Property Report by PropertyGuru; media partners D+A Magazine, SquareRooms, and Tatler Asia Homes; and official supervisor HLB. For more information, email awards@propertyguru.com or visit the official website: AsiaPropertyAwards.com.ABOUT PROPERTYGURU ASIA PROPERTY AWARDSPropertyGuru’s Asia Property Awards, established in 2005, are the region’s most exclusive and prestigious real estate awards programme. The Asia Property Awards are recognised as the ultimate hallmark of excellence in the Asian property sector. Boasting an independent panel of industry experts and trusted supervisors, the Awards have an unparalleled reputation for being credible, ethical, fair, and transparent. In 2025, the Awards series is open to key property markets around the region. The exciting gala events welcome senior industry leaders and top media, as well as reach property agents and consumers via live streaming. Recognising excellence within each Asian market with a variety of categories, including green and sustainable development, each local awards programme will culminate in the PropertyGuru Asia Property Awards Grand Final, which takes place after the PropertyGuru Asia Real Estate Summit during PropertyGuru Week in December 2025. For more information, please visit AsiaPropertyAwards.com.ABOUT PROPERTYGURU GROUPPropertyGuru is Southeast Asia’s leading1 PropTech company, and the preferred destination for over 31 million property seekers2 to connect with over 50,000 agents monthly3 to find their dream home. PropertyGuru empowers property seekers with more than 2.1 million real estate listings4, in-depth insights, and solutions that enable them to make confident property decisions across Singapore, Malaysia, Thailand, and Vietnam.PropertyGuru.com.sg was launched in Singapore in 2007 and since then, PropertyGuru Group has made the property journey a transparent one for property seekers in Southeast Asia. In the last 17 years, PropertyGuru has grown into a high-growth PropTech company with a robust portfolio including leading property marketplaces and award-winning mobile apps across its core markets. For more information, please visit: PropertyGuruGroup.com; PropertyGuru Group on LinkedIn.(1) Based on SimilarWeb data between January 2024 and June 2024.(2) Based on Google Analytics data between January 2024 and June 2024.(3) Based on data between April 2024 and June 2024.(4) Based on data between January 2024 and June 2024.PROPERTYGURU CONTACTS:General Enquiries:Richard Allan Aquino, Head of Brand & Marketing ServicesM: +66 92 954 4154E: allan@propertyguru.com Media & Partnerships:Nate Dacua, Senior Manager, Media and Marketing ServicesM: +66 92 701 2510E: nate@propertyguru.comSales & Nominations:Alicia Loh, Awards Manager (Singapore)M: +65 8382 0078E: alicia@propertyguru.com.sg Copyright 2025 ACN Newswire via SeaPRwire.com.

SINGAPORE, Mar 21, 2025 - (ACN Newswire via SeaPRwire.com) - To show appreciation for migrant workers in Singapore, many of whom are Bangladeshi, Summit Power International Limited (“SPIL”) has hosted a breaking of fast (Iftar) for about 200 workers during the holy month of Ramadan.Mr Muhammed Aziz Khan, PBM (centre), Founder Chairman of Summit Group, broke fast with migrant workers in Singapore, many of whom are Bangladeshi nationalsMr Muhammed Aziz Khan, PBM, the Founder Chairman of the Summit Group, broke fast with the workers at a workers’ dormitory in Space@Tuas, on 20 March 2024. Another 200 meals were provided for Muslim workers who were not able to attend the event physically.SPIL also presented gifts to 1400 workers. Appreciation cards and crafts – prepared by about 50 students – were also presented to the workers at the dormitory. The students are from the Big Heart Student Care Services at Zhangde Primary School and the German European School Singapore (“GESS”) in Singapore. The cards and crafts were presented by teachers from GESS on behalf of the students.This is the first Singapore Iftar event sponsored by SPIL, the Singapore-headquartered parent of Bangladesh’s largest private sector power generation company.Besides Iftar, SPIL is also engaged in other corporate social responsibility (“CSR”) efforts in Bangladesh, including charity donations for neuro-divergent children, participating in UNICEF initiatives to help school dropouts, as well as supporting scientific research for nutrition and online education, among others.Mr Muhammed Aziz Khan, PBM said, “Throughout the years, social responsibility remains a core principle of the Summit Group. Bangladeshi nationals comprise a significant number of the migrant workers in Singapore. This year’s Iftar that we sponsored in Singapore underscores our efforts to give back.”“I am touched that young students from the two schools have expressed their appreciation to the migrant worker community in Singapore,” he added.Mr Muhammed Aziz Khan, PBM, a Singaporean of Bangladeshi origin, was awarded the Public Service Medal (COVID-19) in October 2023 for engaging and helping Bangladeshi workers who were isolated in local dormitories during the pandemic.Ms Patricia Amorim and Ms Marieke Bink, teachers at GESS, said, “We were thrilled to have collaborated with students of Big Heart for a meaningful card-making activity, bringing together our Grade 6-8 students with younger brothers and sisters from Big Heart to create heartfelt messages for migrant workers. This event not only fostered creativity but also facilitated genuine interactions between the students as they shared stories and ideas. The cards produced are a beautiful testament to their teamwork and compassion, showcasing the power of community and the importance of supporting those who contribute so much to our society.”Shaina, a representative of Big Heart Student Care, said, “We are delighted to partner with the German European School Singapore for a meaningful initiative aimed at giving back to the community. Last Friday, students gathered to create heartfelt cards for migrant workers, expressing gratitude and appreciation for their vital contributions to Singapore’s growth and development. This significant event not only instilled a deep sense of gratitude in the students but also helped foster new friendships and lasting memories. It was a powerful reflection of the true spirit of multiculturalism and inclusivity—values that have brought us together and been instrumental in Singapore’s success over the past 60 years."About Summit Power International Limited (“SPIL”)SPIL is the largest Independent Power Producer (IPP) in Bangladesh, reflecting 17% of the country's total private installed capacity and 10% of total installed capacity. Summit owns and operates a total of 18 power plants. It also operates Bangladesh’s second Floating Storage and Regasification Unit (FSRU) and LNG import terminal with daily regasification capacity of 500 million cubic feet.SPIL’s partners include JERA, Mitsubishi Corporation and Taiyo Insurance Company of Japan and GE of the USA. In July, 2023, Denmark's Copenhagen Infrastructure Partners (CIP), Copenhagen Offshore Partners (COP) in association with Summit Group, submitted a foreign direct investment proposal valued at USD 1.3 billion to develop the country’s first 500 MW utility-scale offshore wind energy project.SPIL is the leading infrastructure conglomerate in Bangladesh with diversified interests in power generation, energy, telecommunications, ports and real estate.Learn more at: www.summitpowerinternational.com Media ContactWeR1 Consultants Pte LtdIsaac TangWhatsApp (Text): (65) 9748 0688summit@wer1.net Copyright 2025 ACN Newswire via SeaPRwire.com.

HONG KONG, Mar 24, 2025 - (ACN Newswire via SeaPRwire.com) - CITIC Telecom International CPC Limited (“CITIC Telecom CPC”), a wholly-owned subsidiary of CITIC Telecom International Holdings Limited (SEHK: 1883) is pleased to announce the deepening of the strategic partnership with Sangfor Technologies (Sangfor), integrating Sangfor’s technologies with CITIC Telecom CPC's innovative ICT capabilities to jointly develop innovative, compliant and trusted hybrid cloud services. The new SmartCLOUD™ C-FUSION hybrid cloud series integrates the full-stack SmartCLOUD™ dedicated private cloud, virtual private cloud and public cloud services, providing enterprise customers with a cloud infrastructure which is more autonomous, controllable and compatible with various technical architectures and system combinations. The new series helps drive enterprise digital transformation, redefine IT resources management and support seamless operations of enterprises in China and global markets.From left to right: Representatives from CITIC Telecom CPC, Jacky Kwok (Chief Commercial Officer) & Kenneth Wong (Vice President of Product and Digital Intelligence Development); together with representatives from Sangfor, Ringo Yiu (General Manager for the Asia-Pacific Region (Mature Markets) & Jeremy Jia (General Manager of Sangfor International Market)The growing industry demands and national policy support in recent years have not only driven the requirements for information systems upgrades in key industries but also accelerated enterprises to pursue innovative development and diversified services portfolios. As a key DICT partner for enterprise digital transformation, CITIC Telecom CPC has extensive cloud network security services resources and experiences in project customization and implementations. Riding on a wave of innovative and trusted computing, CITIC Telecom CPC actively empowers customers in achieving digitalization advancements and trusted computing deployment by partnering with Sangfor to shape a new innovative and trusted cloud services landscape.Sangfor is a leading Hyper-Converged Infrastructure (HCI) vendor. High performance, reliability and usability characteristics have made its HCI solutions widely deployed in government, finance, medical, education and other industries. Sangfor's full-stack HCI architecture has strengthened CITIC Telecom CPC's existing profound cloud service capabilities. The new strategic collaboration between the two companies will focus on developing hybrid cloud solutions that meet the rising technological innovation and regulatory requirements, providing enterprises with more flexible and sustainable hybrid cloud solutions, and helping them enhance their competitive edges.Win-win Collaboration Creates Self-governed and Trusted Cloud EraSmartCLOUD™ C-FUSION Hybrid Cloud series supports “Single Cloud Multiple Chips” architecture. Its full-stack cloud platform is compatible with multiple CPU architectures and application requirements, builds trusted hard chips and empowers the implementation of compliant applications, ensuring diversified hybrid cloud platforms to run seamlessly through the trusted innovation ecosystem. The seamless deployment of software and hardware environments offer unified hosting and management, accelerating digitalization process and creating greater value for enterprises. The joint collaboration will initially take place in Beijing and Guangzhou markets by providing high-quality cloud computing services to local enterprises. Both companies plan to gradually extend the collaboration to more regions in the future to drive a full-scale enterprise digital transformation across regions.Mr. Kenneth Wong, Vice President of Product and Digital Intelligence Development of CITIC Telecom CPC, said, “We strive to cooperate with an ecosystem of partners, including Sangfor. This announcement signifies our deepened collaboration and dedication to providing innovative and scalable IT solutions. Sangfor’s technological innovation has powered up CITIC Telecom CPC’s ICT capabilities. We believe the new SmartCLOUD™ C-FUSION series, which includes SmartCLOUD™ C-Compute and SmartCLOUD™ C-vONE, can effectively help enterprises address complex IT infrastructure challenges through a single platform at reduced costs. CITIC Telecom CPC's ‘Global-Local capabilities’ enable seamless connectivity across different regions and cloud platforms to support ‘Going Global, Entering China’ strategy of enterprises. We will continue to provide customized solutions to bring greater value to enterprises operating in China, connecting with China and expanding worldwide.”Mr. Ringo Yiu, Sangfor's General Manager for the Asia-Pacific Region (Mature Markets), said, “CITIC Telecom CPC’s outstanding collaboration performance has lauded with a ‘Platinum Partner’ award from us recently, underscoring our strong partnership. This strategic partnership will demonstrate the synergistic capabilities of both companies, enhancing not only the supply capabilities of our products and services, but also propelling our global market growth. Through the fusion of CITIC Telecom CPC's extensive global infrastructure coverage with Sangfor 's cutting-edge technologies in security and cloud computing, it will enable us to provide bolster support for enterprise digital transformation journeys across different regions and industries, fortifying market competitive advantages.”SmartCLOUD™ C-FUSION Empowers Compliant and Sustainable Business DevelopmentSmartCLOUD™ C-FUSION hybrid cloud series features “Single Cloud Multiple Cores” architecture, which supports X86, Huawei Kunpeng and HYGON C86 chip architectures to run seamlessly and connect simultaneously with applications, reducing the costs of migration and replacements in the future. Managed by CITIC Telecom CPC, this hybrid cloud series provides enterprises entering China with approved technical architectures, software and hardware environments that comply with innovation requirements and national regulatory policies. It is suitable for enterprises that have compliance requirements for autonomous and controllable technologies, ensuring not only the sustainable development of businesses, but also catering for “Going Global, Entering China” strategy and future IT development of different enterprises.Enabling “Going Global, Entering China” Strategy of Enterprises and Exploring Global Market Opportunities The strategic partnership between CITIC Telecom CPC and SANGFOR provides enterprises with robust hybrid cloud solutions, helping them achieve their two-way “Going Global, Entering China” strategy. SmartCLOUD™ C-FUSION hybrid cloud series, including SmartCLOUD™ C-Compute virtual private cloud and SmartCLOUD™ C-vONE dedicated private cloud solutions, enables enterprises to seamlessly deploy and manage IT cloud resources at a lower cost in China and global markets, while ensuring high reliability, security and compliance to meet regulatory requirements in different regions. For enterprises going overseas, they can leverage CITIC Telecom CPC's global network coverage to achieve resources integration and flexible expansion across various regions. This collaboration not only reduces IT complexity and costs but also provides a solid technical foundation for global expansion, empowering enterprises to implement "Cross Border, Region and Platform" development, and positioning them to excel in highly competitive international markets.About CITIC Telecom CPCWe are CITIC Telecom International CPC Limited (“CITIC Telecom CPC”), a wholly-owned subsidiary of CITIC Telecom International Holdings Limited (SEHK: 1883), serving multinational enterprises the world over by addressing their specific ICT requirements with highly scalable tailored solutions built upon our flagship technology suites, comprising TrueCONNECT™ private network solutions, TrustCSI™ information security solutions, DataHOUSE™ cloud data center solutions, and SmartCLOUD™ cloud computing solutions.With the motto “Innovation Never Stops,” we leverage innovative technologies to boost technology empowerment (+AI). Embracing AI, AR, Big Data, IoT, and other cutting-edge emerging technologies we aim to unlock technical potential. By integrating deep learning and intelligent data analysis technologies, we transform these technologies into data empowerment (AI+) generative applications, reshaping the Intelligence Operation Journey of enterprises.With our Global-Local capabilities, we are committed to providing our customers with one-stop-shop ICT solutions with superior quality. Having a worldwide footprint across more than 160 countries and regions, including Asia, Europe and America, Africa, the Middle East, and Central Asia, our global network resources connect nearly 170 points of presence (POPs), 60+ SDWAN gateways, 20 Cloud service centers, 30+ data centers, and three dedicated 24x7 Security Operations Centers (SOCs). We are certified with a series of international certifications, including SD-WAN Ready, ISO 9001, 14001, 20000, 27001, and 27017, to ensure our services compliance with international standards and resources for enterprises. We offer local professional services, superior delivery capabilities as well as exceptional customer experience and best practices through our global presence and extensive industry know-how, becoming a leading integrated intelligent ICT service provider to enterprise customers. For more information, please visit www.citictel-cpc.com.About SangforMake Your Digital Transformation Simpler and Secure. This is Sangfor Technologies' commitment to our customers. Since forming in 2000, Sangfor has been a global leader of IT infrastructure, cyber security and cloud computing solutions.Three business groups deliver industry leading products and services for Hyper-Converged Infrastructure (HCI), Virtual Desktop Infrastructure (VDI). Next-generation Firewall (NGFW), Endpoint Protection (EPP). Secure Web Gateway (SWG), Network Detection & Response (NDR), Secure Access Service Edge (SASE), Anti-Ransomware, extended Detection & Response (XDR) and Managed Detection & Response (MDR). Constant innovation and dedication to creating value for our customers form the heart of our corporate strategy.Sangfor's 8,000+ employees take customers' business needs and user experience seriously by servicing and supporting them at over 70 branches and representative offices covering exciting locations like Hong Kong, Malaysia. Thailand. Indonesia, Singapore. Philippines. Vietnam. Pakistan. Italy. Mexico. Turkey, UAE and Saudi Arabia, among many others.Media Contacts:Catherine YuenCITIC Telecom CPC(852) 2170 7536Email: catherine.yuen@citictel-cpc.com Copyright 2025 ACN Newswire via SeaPRwire.com.

Key Findings:KOCH DLE Process achieves an average lithium recovery rate of 98%Key brine contaminants average rejection greater than 99%, resulting in low purification production costsIndustry leading Lithium Chloride concentration attainedLi:TDS ratio of up to 0.129, averaging 0.126, significantly above the target Li:TDS of 0.08, expected to lower the cost with less evaporation during the EV battery grade purification process43,500 gallons (165,000 litres) of high purity lithium chloride was produced that meet or exceeded the specifications required by downstream processorsNEWPORT BEACH, CA, Mar 25, 2025 - (ACN Newswire via SeaPRwire.com) - Anson Resources Limited (ASX:ASN) ("Anson" or the "Company"), through its 100% owned subsidiary in the USA, A1 Lithium Inc (A1 Lithium) is pleased to announce that successful completion of the pilot program with KOCH Technology Solutions ("KTS"). The program successfully delivered all technical requirements, producing high concentration and high purity lithium chloride eluate at the onsite Direct Lithium Extraction ("DLE") unit from freshly extracted lithium rich brine at its Green River Lithium Project, in south-eastern Utah, USA.The KTS DLE Process achieved an average lithium recovery rate of 98% and the rejection rates of contaminants exceeded 99%. In addition the Li:TDS averaged 0.125 significantly exceeding the industry standard Li:TDS ratio required for downstream processing of 0.08 by 57%. This will result in lower processing costs of the lithium carbonate that the company plans to produce.Based upon these results KTS will provide to Anson/A1 Lithium "process guarantees" for a commercial scale plant of 10,000 tons per annum of lithium carbonate.The KTS DLE plant successfully produced 43,500 gallons (165,000 litres) of high-quality eluate at the Green River, Utah, USA site, which is stored and now available for downstream processing.Superior Containment Rejection and RecoveryThe KTS DLE process test work achieved an average lithium recovery rate of 98% and a high rejection rate of the key impurities meeting or exceeding all targets. Where the DLE step rejects a higher percentage of impurities, the resulting lithium chloride solution, which is to become lithium carbonate electric vehicle (EV) grade of 99.95% purity, can be converted more efficiently. The level of rejection in the preliminary results, of the key impurities from the KTS DLE process during an optimized configuration and operation parameter were:Executive CommentaryAnson's Executive Chairman & CEO, Mr. Bruce Richardson commented, "These results from the KTS DLE pilot program are exceptional. The industry leading Li:TDS ratio will make a significant contribution to the financial success of the Green River Lithium Project as will the very high rates of impurity rejection. The cooperation has been truly successful. Congratulations to both the KTS and A1 Lithium teams that worked so hard on this project. Anson looks forward to further collaboration with KTS as partners in the development of the Green River Lithium Project." Mr Richardson continued, "Testing of DLE process is essential to reduce commercial production risks and assists in financing a project. Anson has conducted several DLE test work programs, at different times of the year and the KTS results are a standout, not only technically but also from a cost perspective. Anson will continue to focus on these two aspects during the development of the Green River Lithium Project to maximize investor and shareholder returns."Lithium Business Leader at Koch Technology Solutions, Garrett Krall said, "We are proud to achieve this level of brine production at an industry-leading TDS, demonstrating the capability of Li-Pro™ technology and its continued successful commercialization with Anson. This milestone marks a great step forward for the commercial success of DLE, and we are excited to continue supporting this Project in Utah."Pathway to CommercializationKTS has indicated to Anson that there is enough data from the test work to provide a "Technical Annex" that will include process guarantees for a 10,000 tpa production plant using its Li-Pro™ LSS technology. This is expected to be completed in a few months. A process guarantee is a key requirement in securing debt funding for the Project.Exceptional Lithium Purity & Process EfficiencyThe process achieved an average lithium recovery of 98% over the seven months of operation and generated approximately 43,500 gallons (165,000 liters) of lithium chloride at or above the specifications required by downstream processors. The eluate can now be refined and concentrated using tested and proven steps to battery grade product. The production and retention of eluate provides sufficient lithium chloride for downstream test work and final product trials.DLE systems that produce a lithium chloride solution with a lithium-to-total dissolved solids ratio (Li:TDS) greater than 0.08 are considered as suitable for downstream processing. The lithium chloride eluate produced with the KTS DLE plant achieved a Li:TDS of up to 0.129. The average Li:TDS of 0.126 achieved over the program, is a 57% improvement relative to the target Li:TDS ratio of 0.08.A high Li:TDS ratio has positive implications for the costs of the lithium purification process step. A higher ratio equates to a lower amount of water to be removed (evaporated) prior to lithium carbonate precipitation. Less evaporation requires less energy to reduce the volume of eluate and increase the concentration of lithium prior to carbonation.The brine samples were assayed on site at Green River with the Company's ICP machine due to allow for continuous sampling and quick turnaround of assay results required to continually fine tune the DLE process. These assay results were then confirmed by independent third-party off-site laboratories.During the seven-month continuous operating period (August 2024 to February 2025) onsite, the KTS DLE plant successfully produced 43,500 gallons (165,000 litres) of high-quality eluate at Green River.The seven months of DLE test work allowed Anson and KTS to fine-tune the process control steps, identifying the optimal balance for lithium recovery, impurity removal, water usage, and lithium concentration under various climate conditions, including temperatures below freezing. This critical data will support the operation of the production plant, ensuring its efficiency throughout the year in diverse environmental conditions.Downstream of the DLE process, the LiCl solution which can be efficiently purified via standard ion exchange (IX) resins will be processed by various technologies to further remove the low concentrations of the unwanted impurities (e.g. calcium, potassium, magnesium, and boron). The pilot plant has shown a proven ability to produce LiCl solutions suitable as feedstock for this purification process.This announcement has been authorized for release by the Executive Chairman and CEO and reviewed & contributed to by KOCH Technology Solutions (KTS).About Anson Resources LtdAnson Resources (ASX:ASN) is an ASX-listed mineral resources company with a portfolio of minerals projects in key demand-driven commodities. Its core assets are the Green River and Paradox Lithium Project in Utah, in the USA. Anson is focused on developing these assets into a significant lithium producing operations. The Company's goal is to create long-term shareholder value through the discovery, acquisition and development of natural resources to meet the demand of tomorrow's new energy and technology markets.For further information please contact:Bruce RichardsonExecutive Chairman and CEOE: Info@AnsonResources.comWill MazeHead of Investor RelationsE: Investors@AnsonResources.comPh: +1 949-508-7834www.AnsonResources.comFollow us on Twitter @Anson_irSubscribe to Anson Resources News: Click HereSOURCE: Anson Resources Copyright 2025 ACN Newswire via SeaPRwire.com.