HONG KONG, Nov 28, 2025 - (ACN Newswire via SeaPRwire.com) – Eternal Beauty Holdings Limited ("Eternal Beauty Holdings" or the "Group"; stock code: 6883.HK), a pioneer in China’s beauty and fragrance industry, today announced its interim results for the six months ended 30 September 2025 (the “Period”). Under the increasingly competitive market environment, the Group has taken proactive initiatives to navigate market challenges. Through effective cost optimization, improved operational efficiency, and a strategic reallocation of resources toward high-growth businesses, the Group achieved an operating profit and profit for the Period of RMB 164.4 million and RMB 133.2 million, representing year-on-year growth of 21.2% and 15.3%, respectively. This performance demonstrates the resilience of its core profitability.The Board has resolved to declare an interim dividend of HK4.6 cents per Share and a special dividend of HK3.4 cents per Share for the six months ended 30 September 2025.Ms. Lam King, Executive Director and Chief Executive Officer of the Group, stated: “This interim result marks our first financial report since listing. The IPO has provided us with a strategic platform to accelerate brand development and business expansion, laying a solid foundation for long-term brand value creation and transformative growth. We are pleased with the steady progress across business segments.Amid the global rise in emotional wellness spending and the growth of the ‘olfactory economy’, fragrance is evolving from a simple sensory pleasure into a key solution for emotional well-being. The industry is undergoing a strategic transformation, moving beyond ‘sensory delight’ to address the ‘core need for emotional health’. According to Frost & Sullivan, China’s perfume market is expected to reach approximately RMB44 billion in 2028 and maintain stable growth. Against this backdrop, Eternal Beauty Holdings will continue to serve as a vital bridge for international brands entering China. Over recent years, we have observed the further popularization of perfumes and related fragrance products in the Chinese market. Their usage has expanded from conventional social settings to a far wider range of everyday spaces - homes, offices, and travel environments. The nature of fragrances has also shifted from being luxury items to an integral part of daily life, becoming a key medium for personal expression and crafting an ambiance, thereby continuously increasing product penetration. This trend aligns perfectly with the Group's strategy of focusing on high-margin niche brands, presenting us with vast growth opportunities.”As of 30 September 2025, Eternal Beauty Holdings' external brand portfolio comprised 74 brands. Perfumes were the most offered category, available from 53 brands. This was followed by home fragrances (22 brands), skincare (17 brands), personal care (10 brands), eyewear (8 brands), and color cosmetics (6 brands).Business ReviewOngoing Optimization of External Brand Portfolio; Strong Growth in Niche FragrancesDuring the Period, the Group has consistently adopted the “multi-brand + omni-channel” business model, building an extensive sales network and consumer touchpoints through sound brand management and omni-channel sales services. As of 30 September 2025, the Group had more than 2.5 million members.Under the diversified brand development strategy, the Group continuously optimizes its brand portfolio by actively introducing high-potential, higher-margin niche fragrance brands to capture market growth opportunities. Brands within its portfolio, such as PARFUMS de MARLY, Dr. Vranjes, and ACCA KAPPA, have demonstrated growth momentum during the Period. Leveraging their unique brand stories, exquisite craftsmanship and clear-cut positioning, these niche fragrance brands precisely responded to market trends favoring personalization and emotional value. Sales of these brands recorded a significant year-on-year increase of 22.9%, substantially outperforming the market average and establishing themselves as a key driver of the Group's future growth. Expansion of Self-Owned Brand Santa Monica; Continuous Product Line UpgradesThe Group actively develops its own brand, Santa Monica - launching five upgraded perfumes and two scented candles—its first step into home fragrance—in 2025. This move will further diversify the product offering of the Group’s self-owned brand, thereby enhancing brand recognition and market penetration. In addition, the Group continues to participate in international optical exhibitions. Through optimized retail channels, the Group further improves the efficiency of its sales network and provides consumers with higher quality, more personalized product choices.Integrated Omni-channel Sales Network; Synergy of Direct Sales and Retailer ChannelsThe Group has established a comprehensive integrated omni-channel sales network, with its business spanning over 400 cities across Chinese Mainland, Hong Kong and Macau. This sales network comprises three major channels, each strategically positioned for different consumer scenarios:- Direct sales channels: Consist of online stores the Group operates on e-commerce and social media platforms and offline stores/counters it operates in shopping malls and department stores to sell products directly to consumers. As of 30 September 2025, the Group operates 146 self-operated stores in total, comprising 46 online stores and 56, 39 and 5 offline stores/counters in Chinese Mainland, Hong Kong and Macau, respectively.- Retailer channels: Include online retailers and offline retailers. Online retailers refer to retailers that purchase products from the Group and directly sell them to consumers through online platforms; offline retailers include operators of chained cosmetics specialty stores, operators of individual stores for cosmetics products, beauty salons, operators of brand boutique stores, operators of home department stores and operators of chained or individual eyewear stores (collectively, the “key accounts”) and airports, airlines and downtown duty-free shops (collectively, the “travel retailers”). As of 30 September 2025, the Group had a total of 623 retail customers, of which the number of online retail customers was 77, the number of key accounts was 534, and the number of travel retailers was 12.- Distribution channels: As of 30 September 2025, the Group's products reached the market through a total of 94 distributor customers, who purchase from the Group and resell to retailers.It is noteworthy that the Group's self-operated retail brand, PERFUME BOX, operates through both online and offline sales channels. As of 30 September 2025, the Group has opened 7 PERFUME BOX offline stores nationwide, covering strategic Chinese cities such as Shanghai, Shenzhen, and Nanjing. The layout strategy focuses on core areas with strong spending power and high fashion awareness, aiming to accelerate brand image establishment and market penetration.Outlook and Strategic PlanDeepening Brand, Channels and Experience Strategies to Drive Future High-quality GrowthEternal Beauty Holdings’ brand strategy will follow a dual-track approach. One track involves expanding its international brand portfolio by introducing more leading premium home fragrance and niche perfume brands to reinforce market leadership. The other focuses on developing a systematic self-owned brand incubation platform to cultivate competitive and diverse brand matrices. This includes the further developing self-owned brands such as Santa Monica and acquiring or investing in external brands. Through optimizing, broadening and diversifying its brand and product portfolios, strengthening the Group’s market leading position.Furthermore, the Group will continue to expand the coverage of its offline self-operated stores by adding PERFUME BOX stores and other new self-operated offline stores/counters. This expansion aims to broaden consumer base and diversify product offerings aimed at consumers with differing characteristics and preferences. As the Group’s proprietary brand store, PERFUME BOX will enhance brand awareness and deepen the consumer experience through various approaches, including thematic displays, interactive installations, and professional shopping guidance. By promoting innovative retail models and optimizing the brand architecture, the Group aims not only to elevate the consumer brand experience but also to establish PERFUME BOX as a leading experiential space in fragrance retail. This strategy will further consolidate the Group’s industry position in the premium perfume market and lay a solid foundation for future business development.Ms. Lam concluded: “Beyond our core business operations, we have also conducted in-depth market research and actively participated in various industry events. These initiatives have not only deepened our ongoing analysis of the industry but also continuously enhanced our industry influence. In July 2025, we organized the second International Perfume Festival in Hong Kong, drawing numerous fragrance enthusiasts; in August and September 2025, we successfully released the ‘2025 Hong Kong & Macau Fragrance Market Trends White Paper’ and ‘2025 China Perfume and Fragrance White Paper’, and convened the relevant marketing conference, both of which were widely covered by multiple mainstream media.”Looking ahead, we will implement a dual-track strategy of ‘International Brand Expansion' and 'Proprietary Brand Incubation', combined with upgrading our in-store retail experiences, to solidify our leading position in the high-end fragrance market and further develop our skincare category. We will also upgrade our digitalized CRM system, mid-office systems and finance and operation systems, to improve the efficiency and effectiveness of our business operations. In summary, we are confident in our prospects and are committed to driving the sustainable growth of our business, delivering long-term and stable returns to our shareholders.”About Eternal Beauty Holdings LimitedEternal Beauty Holdings Limited is the largest perfume group (apart from brand-owner perfume groups) in China (including Hong Kong and Macau) in terms of retail sales in 2023. It primarily sells and distributes products procured from third-party brand licensors, and deploys market for these brand licensors, offering such services as brand management, and designing and implementing customized market entry and expansion plans for their brands. The Group boasts large and diversified brand portfolios that include not only perfumes, but also color cosmetics, skincare products, personal care products, eyewear and home fragrances. As at 30 September 2025, it conducted product distribution and market deployment for a total of 74 external brands, including Hermès, Van Cleef & Arpels, Chopard, Albion and Laura Mercier, with products in different pricing tiers and of versatile features that meet the differentiated demands of consumers in Chinese Mainland, Hong Kong and/or Macau. Copyright 2025 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com

Some 760 participants attended Milan symposium to explore opportunities in finance, innovation, supply chain and creative industriesA flagship event featuring high-level dialogues and more than 260 on-site business matching meetings connected Hong Kong and Italian companiesMilan, Italy, Nov 28, 2025 - (ACN Newswire via SeaPRwire.com) – The Think Business, Think Hong Kong (TBTHK) signature promotion organised by the Hong Kong Trade Development Council (HKTDC) was held on 27 November in Milan to promote bilateral trade and investment with Italy.Returning to Italy for the first time since 2014, the TBTHK event attracted over 1,000 participants. The TBTHK symposium was held at Palazzo Mezzanotte – home of the Italian Stock Exchange – and attended by some 760 participants, reaffirming the strong and growing relationship between Hong Kong and Italy. Over 240 leaders of the Italian, European and Hong Kong business communities joined the Hong Kong Dinner.TBTHK Milan gathered over 90 delegates from Hong Kong, including government officials, business and creative industry leaders, financial and professional services providers, investors and start-up entrepreneurs, as well as executives from Chinese Mainland companies based in Hong Kong for a day of dialogue, networking and partnership building with Italian companies keen to expand into Asia. The event highlighted Hong Kong’s role as a superconnector and super value-adder, enabling both Hong Kong and mainland enterprises to go global and seize opportunities in Italy and across Europe.At the symposium’s Opening Session, Paul Chan, Hong Kong SAR Government Financial Secretary, and Prof Frederick Ma, HKTDC Chairman delivered remarks. Valentino Valentini, Deputy Minister of the Ministry of Enterprise and Made in Italy, delivered a video speech.In his opening remarks, Mr Chan said: “For long, Hong Kong and Italy have much in common. We share a passion for creativity, craftsmanship, and elegance. Italian style has captured our hearts. Our two cities (Hong Kong and Milan) are gateways connecting continents, blending Eastern and Western ingenuity. And we both thrive on openness, creativity, innovation and entrepreneurial spirit.”Mr Chan mentioned that the economic partnership between Hong Kong and Italy is flourishing and remarkably diverse: “In 2024, bilateral merchandise trade reached €7.2 billion. Some 200 Italian companies, from world-beating brands to leading players in banking, insurance, logistics and chocolate, have their regional headquarters, offices or operations in Hong Kong.”In his welcome remarks, Prof Ma said: “At the HKTDC, facilitating partnerships is at the core of what we do. Partnerships lead to innovation. And innovation drives growth and expansion. We help businesses, large and small, realise their growth and expansion plans, wherever they may be – China, Asia and beyond.”Prof Ma added: “Renowned as one of the world's leading international financial hubs, many opportunities await Italian businesses in Hong Kong – in traditional and newer sectors. Just like Italy, Hong Kong is focused on I&T. This covers fintech, greentech, AI and smart city development, the creative sector and more. I see great potential for collaboration.”Mr Valentini said: “Italian companies that have been present in Hong Kong for many years now play a leading role in sectors such as fashion, luxury, design, food, manufacturing and logistics, and are also paving the way in more innovative fields.”Mr Valentini added that Hong Kong is an ideal platform for Italian companies that wish to grow in the Chinese Mainland and the wider Asian region, while Italy is moving to further enhance its attractiveness to new investment. The relationship between Italy and Hong Kong is built on decades of exchange and close ties. Now is the time to turn this experience into new, successful partnerships for the benefit of Italian businesses and entrepreneurs.High-level exchanges highlight new areas of collaborationThe plenary session explored global economic trends, the evolving role of Hong Kong's financial markets and the deep integration with the Chinese Mainland that continues to provide international companies, including Italian ones, with a competitive advantage in accessing Asia. The session brought together leading figures from the international business community to discuss how Hong Kong continues to serve as a strategic gateway to Asia.Chaired by Hans Michael Jebsen, Chairman of the Hong Kong-Europe Business Council and Jebsen Group, the discussion featured insights from Bernard Chan, Chairman of the West Kowloon Cultural District Authority and President of Asia Financial Holdings Limited; Bonnie Chan, CEO of Hong Kong Exchanges and Clearing Limited; Claudio de Bedin, Partner at Justin Chow & de Bedin Solicitors LLP; Fabio De Rosa, Head of Global Transaction Banking, Banco BPM; and Alex Zhavoronkov, Founder and CEO of Insilico Medicine.Reflecting the evolving priorities of both economies, the five thematic sessions covered four strategic areas. The Digital Trade and Finance session, co-organised with the Hong Kong Monetary Authority, explored how technology is reshaping cross-border trade and financial flows. It also showcased how platforms, such as distributed ledger-based trade solutions and commercial data exchange systems, are enhancing efficiency, transparency and access to financing – offering new pathways for Italy-Hong Kong trade collaboration.The Innovation and Technology session, supported by the Hong Kong Science and Technology Parks Corporation, focused on smart city innovation and the rapid rise of AI-powered technologies in Asia, illustrating how Italian companies can engage with Hong Kong’s burgeoning innovation ecosystem.After a networking luncheon, the Global Supply Chain session, co-organised with Invest Hong Kong, examined how Hong Kong’s capital markets and corporate treasury frameworks are driving transformation in global supply chains. The discussion highlighted Hong Kong’s role as a hub for supply chain digitalisation, green logistics and advanced manufacturing partnerships.Two Creative and Design sessions were held. One brought together celebrated architects and designers from Hong Kong and Italy, including Steve Leung, Founder of Steve Leung Design Group; Andrea Ponti, Founder and Design Director of Ponti Design Studio Limited; and Dr Rocco Yim, Principal of Rocco Design Architects Associates Limited. The second one, co-organised with the Hong Kong Design Centre and Hong Kong Designers Association, explored how Hong Kong and Italy – two global centres of creativity – can co-design new opportunities in architecture, lifestyle, luxury and cultural innovation. Participants discussed how the fusion of Italian craftsmanship and Hong Kong’s cultural vibrancy can unlock new markets across Asia.Networking and strategic dialogue reinforce long-term tiesAlongside the symposium, TBTHK facilitated over 260 on-site business matching meetings, one-on-one consultations and dedicated networking opportunities. During the event, participants also browsed the InnoVenture Salon and Business Support Zone, an exhibition area featuring over 20 exhibitors from Hong Kong, including start-ups and representatives from government agencies, accounting firms, corporate services companies, logistics specialists, legal firms and many other sectors. The zones provided a practical platform for Italian companies to connect with Hong Kong-based experts, pursue innovative services, solutions and technologies and strengthen cross-border collaboration.Following the symposium, the Hong Kong Dinner was held at Palazzo Parigi. It was attended by over 240 business leaders, government officials and representatives of the Hong Kong and Italian business communities, further promoting bilateral economic and cultural exchanges.Photo Download: http://bit.ly/44xYBrqThink Business, Think Hong Kong Milan organised by the HKTDC was held on 27 November at Palazzo Mezzanotte, attracting some 760 participants. The plenary session brought together leading figures from the international business community to discuss how Hong Kong continues to serve as a strategic gateway to AsiaPaul Chan, Financial Secretary of the Hong Kong SAR Government, talked about deepening economic ties between Hong Kong and ItalyProf Frederick Ma, Chairman of the HKTDC, highlighted opportunities for greater collaboration between Hong Kong and Italian companiesValentino Valentini, Deputy Minister of the Ministry of Enterprise and Made in Italy, addressed participants at TBTHK MilanThe TBTHK symposium featured an InnoVenture Salon exhibition with Hong Kong start-ups showcasing their innovationsWebsites:Think Business, Think Hong Kong:https://thinkbusinessthinkhk.com/2025-milan/symposium/en/index.html Media enquiriesHKTDC’s Communication & Public Affairs Department:Jane CheungTel: +852 2584 4137Email: jane.mh.cheung@hktdc.orgWeber ShandwickNadia LauriaTel: +39 3356962981Email: hkmedia@webershandwickitalia.itMarco PedrazziniTel: +39 3470369222Email: hkmedia@webershandwickitalia.itInes BaraldiTel: +39 3428650498Email: hkmedia@webershandwickitalia.itAbout HKTDCThe Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With over 50 offices globally, including 13 in the Chinese Mainland, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Copyright 2025 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com

Highlights (relevant audited data for the year ended 31 August 2025)- Revenue increased by 7.7% YoY to approximately RMB2,489 million;- Number of student enrolments increased by 4.4% YoY to approximately 99,800;- Cash and cash equivalents amounted to RMB2,463 million, with ample cash reserves;- Payment of a final dividend of HK7.4 cents per share; dividend payout ratio of 30% for the year.HONG KONG, Nov 28, 2025 - (ACN Newswire via SeaPRwire.com) – Edvantage Group Holdings Limited (“Edvantage Group” or the “Group”, stock code: 0382.HK) has announced its audited FY2025 Annual Results for the year ended 31 August 2025 (the “Reporting Period”). During the Reporting Period, the Group continued to deepen its investment in high-quality education and achieved fruitful results in talent cultivation, significantly enhancing the value of the education brand and laying a solid foundation for the long-term sustainable development.During the Reporting Period, the Group achieved steady growth, recording revenue of approximately RMB2,489 million, representing an increase of 7.7% as compared with the corresponding period of the preceding year. This increase was mainly attributable to the rise in student enrollments at the Group’s two higher vocational colleges and the higher average tuition fees recorded by the schools in China. The Group’s cash and cash equivalents amounted to RMB2,463 million, demonstrating its ample cash reserves. The number of students enrolled in the Group’s schools continued to expand annually, reaching approximately 99,800, representing a year-on-year growth of approximately 4.4%. Meanwhile, to reward shareholders for their consistent support, the Board of Directors has recommended the payment of a final dividend of HK7.4 cents per share for the year ended 31 August 2025, which, along with an interim dividend of HK6.6 cents per share, equates to a total annual divided of HK14.0 cents per share, and a dividend payout ratio of 30% for the year. This also marks the Group’s 13th consecutive dividend distribution since its listing.From left to right: Ms. Liu Wenqi, Chief Operating Officer; Ms. Liu Yi Man, Executive Director and Chief Executive Officer; Mr. Liu Yuk Tung, Chief Financial Officer.Policies and geographical advantages together lay a strong development foundation, driving steady business growthIn recent years, national policies have continued to promote the high-quality development of vocational education. Outline of the Plan for the Construction of China into an Education Powerhouse (2024-2035) clearly proposes establishing an industry-education integration vocational education system, injecting strong momentum into the development of higher vocational education. Leveraging the geographical advantages of the Guangdong-Hong Kong-Macao Greater Bay Area and the Chengdu-Chongqing Economic Circle, the Group has established a professional system that resonates with regional economic development, and proactively launched multiple cutting-edge majors in strategic emerging fields such as artificial intelligence, new energy, and big health. By deepening industry-education integration and school-enterprise cooperation, the Group has built a complete closed-loop from talent cultivation to industrial application, forming a virtuous development cycle where education and industry mutually promote each other. With the dual impetus of policy support and regional development, the Group has significantly enhanced its talent cultivation outcomes and brand value, while maintaining steady business growth.Comprehensive investment has solidified the foundation of education, achieving fruitful results in innovative educationAdhering to the philosophy of “governance by renowned principals and teachers”, the Group has continued to strengthen its teaching team by introducing many education experts, high-quality teachers and industry mentors, while enhancing teachers’ professional competence through systematic training. In terms of campus environment and training facilities, the Group has continued to increase its investment in building modern teaching venues and advanced practical bases, providing strong hardware support for talent cultivation. In developing an innovative curriculum system, the Group has established a diversified curriculum system covering areas such as AI, industry-education integration, internationalization, innovation and entrepreneurship, and ESG. It has also actively promoted innovation in teaching methods by bringing real industry projects into the classroom, enabling students to enhance their professional skills through practical experience.Remarkable results in talent development, with graduates achieving diversified and high-quality developmentThe Group centers its core mission on high-quality student employment and sustainable development, establishing an integrated support system of “further education – employment – entrepreneurship”, which has delivered exceptional results in graduate development. In recent years, many graduates have had the opportunity to pursue further studies at prestigious domestic and international institutions owing to their exceptional comprehensive qualities and professional capabilities. In terms of employment, the industry-education integration platform and school-enterprise cooperation network have enabled students to gain access to domestic and overseas employment opportunities via CO-OP programme and corporate internships. The Group has also established an “Innovation and Entrepreneurship Incubation Fund” and developed a campus incubator to provide full-chain support for student entrepreneurship. In recent years, several groups of students from affiliated institutions have obtained overseas internship and employment opportunities, with some student teams successfully incubating innovative projects. Additionally, an alumni network of over 300,000 members continues to support graduate development, with alumni contributing to their alma mater by serving as industry mentors and providing job referrals. The exemplary performance of the graduates fully demonstrates the significant effectiveness of the Group’s applied talent training system, validating the Group’s educational investment effectiveness.Looking ahead, the Group will remain committed to upholding its founding mission of “building a century-old prestigious school”, persistently deepening the integration of industry, academia and research, and striving to transform the campus into an incubator for cultivating innovative talents. The Group will also leverage the strategic location of the Greater Bay Area to further deepen international education, actively expand the vocational training and lifelong learning markets, and build an education brand with global influence, creating an open and diversified educational ecosystem. Through ongoing strategic investment and innovative education, the Group is committed to advancing steadily in the field of high-quality vocational education and cultivating more application-oriented talents for society.About Edvantage Group Holdings LimitedEdvantage Group Holdings Limited (“Edvantage Group” or the “Group”, stock code: 0382.HK) is the largest private business higher education and vocational education group in the Greater Bay Area, and an early mover in education sector in pursuing international expansion, listed in Hong Kong Main Board on 16 July 2019. The total number of full-time student enrolments of the Group was approximately 99,800 as of 31 August 2025. Operated 9 private education institutions, namely, Guangzhou Huashang College (Applied Undergraduate), Guangzhou Huashang Vocational College (Higher Vocational Education) and Guangdong Huashang Technical School (Secondary Vocational Education) located in Guangdong Province, the PRC; Urban Vocational College of Sichuan (Higher Vocational Education) and Urban Technician College of Sichuan (Secondary Vocational Education) in Sichuan Province, the PRC; GBA Business School (GBABS) in Hong Kong, the PRC; Global Business College of Australia (GBCA) and Edvantage Institute Australia (EIA) in Australia; as well as Edvantage Institute (Singapore) (EIS) in the downtown of Singapore.While focusing on school operations, the Group also actively fulfils corporate social responsibility by proactively launching social welfare programmes in areas including charitable causes and people's livelihood, rural revitalization, and educational support, in order to repay society through concrete actions. Since its listing, the Group has made outstanding contributions in the field of ESG and has won the “ESG Social Responsibility Excellence Enterprise” from Gelonghui in 2025. Copyright 2025 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com

Basel, Nov 28, 2025 - (ACN Newswire via SeaPRwire.com) - Magnolia, a leading global Digital Experience Platform (DXP) provider, is excited to announce that renowned software entrepreneur and industry veteran Luc Haldimann has joined its Board of Directors and stepped into the role of Chairman (President).Luc's appointment is a major strategic move as Magnolia ramps up efforts to integrate Artificial Intelligence (AI) into its platform, ensuring customers can deliver highly personalized and efficient digital experiences globally.Luc Haldimann is a foundational figure in the enterprise software space. He's a widely recognized strategic leader who successfully combines deep technical knowledge with sharp business acumen-a rare mix essential for guiding Magnolia through the current wave of AI-driven innovation.Notably, Luc was the Co-founder and former CTO/Chairman of Obtree Technologies, a pioneering Swiss CMS company that built solutions for large websites and was acquired by IXOS Software in 2003. He's also the founder of Unblu, a Swiss provider of secure and compliant conversational solutions for the global financial services sector. After leading Unblu as CEO for almost two decades, he will continue his executive career as Unblu's Chief Strategy Officer (CSO). His firsthand expertise in the CMS business and enterprise software sales gives him a crucial edge in shaping Magnolia's future."We are incredibly thrilled to welcome Luc Haldimann to our board as Chairman," said Alain Kugelmann, Co-CEO at Magnolia. "Luc embodies that hallmark of Swiss quality and reliability-known for integrity, precision, and a pragmatic, long-term approach to scaling successful tech companies. His leadership will be vital as we implement AI to enhance content creation, customer personalization, and operational efficiency across our platform globally.""I have been watching Magnolia's evolution in the DXP space for many years and am deeply impressed by its API-first foundation and global reach," said Luc Haldimann. "The digital experience market is at a pivotal inflection point with AI, and Magnolia's technology is perfectly positioned to lead this transformation. I look forward to working with the board and management team to execute a strategy that continues to deliver precision, quality, and groundbreaking innovation to our customers worldwide."Magnolia sees Luc's vision as a powerful reinforcement of its commitment to delivering top-tier innovation and expanding market leadership worldwide.About MagnoliaMagnolia is the composable experience platform that unites best-of-breed technologies into a powerful, central workspace. It empowers enterprise teams to manage every brand, product, channel, and experience from a single, intuitive interface. Leading global companies across finance, manufacturing, healthcare, and more choose Magnolia as their modern composable DXP.Contact InformationSorina MoneHead of Marketingcontact@magnolia-cms.com+41 61 228 90 00SOURCE: Magnolia International Ltd.Related Images Copyright 2025 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com

HONG KONG, Nov 27, 2025 - (ACN Newswire via SeaPRwire.com) – Tat Hong Equipment Service Co., Ltd. (“Tat Hong” or the “Company”, together with its subsidiaries, the “Group”) (Stock Code: 2153), the first foreign-owned tower crane service provider established in the PRC, has announced its interim results for the six months ended 30 September 2025 (the “Period”).During the Period, the Group recorded revenue of approximately RMB 301.1 million (2024: RMB340.9 million). Loss attributable to equity holders of the Company for the Period amounted to RMB 55.1 million (2024: RMB36.2 million). The increase in loss was primarily due to a decline in revenue, attributable to the slower economic growth and a sluggish construction sector.As at 30 September 2025, the Group is managing a total of 1,135 tower cranes. The Group’s total tonne metres (TM) in use decreased to 1,414,422 for the Period from 1,637,740 in the previous same period. As at 30 September 2025, the Group had 331 projects in progress with a total outstanding contract value of approximately RMB 666.3 million and 58 projects on hand of total expected contract value at approximately RMB 283.9 million.During the six months ended 30 September 2025, the domestic economy faced continual growth pressures, which led to extended weak demand in the construction machinery industry. Concurrently, a decline in the average monthly service price of tower cranes per TM intensified the imbalance between supply and demand in the market, resulting in unprecedented fierce competition in the industry.In response to the challenges of weak domestic demand and intensified industry competition, the Group has been proactively optimizing its business portfolio and diversifying its market presence. Strategically, on the one hand, the Group was progressively reducing the proportion of business in the domestic real estate sector while increasing exposure in clean energy fields such as thermal power, nuclear power, and wind power. Leveraging its expertise in medium-to-large tower cranes, the Group focused on expanding into nuclear island and large-scale energy projects with extended construction cycles and high technical barriers. On the other hand, the Group accelerated its global market expansion and actively built a dual-driven business model at home and abroad through a series of initiatives including the establishment of a joint venture in Indonesia and the strategic expansion into the Greater Bay Area and Hong Kong with setting up subsidiaries.During the Period, while there are several awarded projects delayed in their commencement, the Group had continued the investment in the digitalization of the management platform and the research and development of new tower crane technical solutions. The Group believes the robust technical capabilities will continue to enable it to improve the operational efficiency and secure more projects, and the enhancement in the research and development capabilities for tower crane technical solutions will reinforce the excellent delivery in services.Mr. Sean Yau, CEO of Tat Hong Equipment Service Co., Ltd., said: “Navigating through a complex landscape of economic pressures and a sluggish construction industry, we have proactively adjusted our strategies by expanding into clean energy projects and key overseas markets such as Indonesia. Supported by favorable national policies and signs of market recovery, the Group is well-positioned to strengthen its business presence in relevant sectors through its strategic initiatives, the effectiveness of which are expected to be gradually reflected in its performance in the near future.”Mr. Roland Ng, Chairman of Tat Hong Equipment Service Co., Ltd., said: “In these dynamic times, our original mission continues to guide us with unwavering clarity. With our core corporate values ‘Virtue, Safety and Excellence’, we will continue to concentrate on the research and development of new tower crane technologies to equip ourselves with the most robust technical capabilities to deliver excellent services to our clients. We will continue our efforts to optimize our operation and digitalize our management platforms, so as to improve resources sharing, cost reduction and efficiency enhancement. With all the above measures, we believe we can fulfil the Group’s goal to become ‘the best construction equipment service provider’ in the industry.”About Tat Hong Equipment Service Co., Ltd. (Stock Code: 2153)Tat Hong Equipment Service Co., Ltd. is the first foreign-owned tower crane service provider established in the PRC. Since 2007, the Group has established as a tower crane service provider for one-stop tower crane solution services from consultation, technical design, commissioning, construction to after-sales services primarily to Chinese Special-tier and Tier-1 EPC contractors. Guided by its core values, “Virtue, Safety and Excellence”, the Group has successfully established its market position and maintained stable, reputable and loyal customer base in the construction industry in the PRC.Media EnquiriesStrategic Financial Relations LimitedHeidi So Tel(852) 2864 4826 Email: heidi.so@sprg.com.hkMel Lai Tel(852) 2864 4855 Email: mel.lai@sprg.com.hk Copyright 2025 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com

Belem, Brazil, Nov 27, 2025 - (ACN Newswire via SeaPRwire.com) - The Indonesian government, through PT PLN (Persero), strengthened its commitment to advancing the global carbon market by forging two key collaborations during the Seller Meets Buyer forum at the Indonesia Pavilion at COP30 in Belém, Brazil, on Thursday (13/11). PLN signed a Mutual Expression of Intent with the Norwegian government via the Global Green Growth Institute (GGGI), and a Memorandum of Understanding (MoU) with Japanese company Carbon Ex Inc. These partnerships represent a significant milestone in accelerating low-carbon project development and expanding Indonesia's role in the global carbon market.PLN's Director of Technology, Engineering, and Sustainability, Evy Haryadi, explained that PLN together with the Government is now taking on a new role as a catalyst and accelerator of the carbon market to accelerate the energy transition and encourage cross-sector collaboration in climate change mitigation. (13/11)Indonesia's Minister of Environment and Head of the Environmental Control Agency, Hanif Faisol Nurofiq, emphasized that the partnerships established during the forum play a vital role in bolstering Indonesia's efforts to reduce global emissions."For Indonesia, this momentum is essential as it highlights the nation's capability to help achieve global greenhouse-gas reduction targets through the implementation of carbon trading under Article 6 of the Paris Agreement," Hanif said.PLN's Director of Technology, Engineering, and Sustainability, Evy Haryadi, noted that PLN—working alongside the government—is stepping into a new role as both a catalyst and an accelerator in the carbon market, aiming to speed up the energy transition and foster cross-border collaboration in climate-change mitigation."The world is progressing decisively toward Net Zero Emissions, and Indonesia is moving in step. PLN is committed to reaching Net Zero Emissions by 2060, in accordance with national targets and the Paris Agreement. To realize this ambition, collaboration isn't optional, it's essential," Evy said.Evy further explained that the government has launched the 2025–2034 Electricity Supply Business Plan (RUPTL), which targets an additional 69.5 gigawatts (GW) of generation capacity, with 76% or 52.9 GW coming from renewable energy and storage. These new assets are projected to produce more than 1,000 terawatt-hours of green electricity over the next decade, creating significant opportunities for clean-energy development."Indonesia has a tremendous opportunity to lead the clean-energy transition and drive green economic transformation through the utilization of its energy resources. We aim to be a leader not just regionally but globally by supplying ample green energy and the necessary supporting infrastructure to help customers meet their future sustainability targets," Evy added.PLN provides two key green-attribute solutions to help companies advance their decarbonization efforts. The first is Carbon Units, which allow businesses to offset their greenhouse-gas emissions through verified emission-reduction or removal projects under reputable domestic and international standards. The second is green energy as a service, offering Renewable Energy Certificates (RECs) and Dedicated Green Energy Sources that give companies direct access to clean, reliable power from PLN's infrastructure. Together, these solutions enable businesses to craft effective short- and long-term strategies for achieving their Net Zero Emissions (NZE) goals."Our main products for managing green attributes are Carbon Units and Renewable Energy Certificates. RECs help businesses obtain official and transparent recognition that the electricity they use comes from renewable sources. These instruments not only meet compliance requirements but also create opportunities to accelerate decarbonization across various industrial sectors," Evy explained.Additionally, PLN is offering forward offtake opportunities for three Gold Standard-certified projects with a combined emissions reduction potential of around 1.5 million tonnes of carbon-dioxide equivalent (COâ‚‚e), including a 50-megawatt (MW) ground-mounted solar power plant (PLTS) with battery storage in the new capital city, Nusantara."We are presenting these opportunities as part of the Indonesian power sector's transformation toward a more sustainable, competitive, and internationally recognized energy ecosystem. With the support of investors and technology partners, we can accelerate the development of strategic projects that deliver tangible emissions-reduction impacts," Evy concluded.About PLNPT PLN (Persero) is Indonesia's state-owned electricity company, committed to continuous innovation and delivering the best service to its customers. PLN drives its Transformation 2.0 agenda with the vision of becoming a Top 500 Global Company and the No. 1 choice for energy solutions. This is achieved through sustainable business growth, end-to-end digitalization, energy transition initiatives supporting Net Zero Emissions (NZE), and the development of world-class human capital.ContactGregorius Adi TriantoExecutive Vice President, Corporate Communications & CSR, PLNTel. +62 21 7261122Fax. +62 21 7227059 Copyright 2025 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com

SHANGHAI, Nov 27, 2025 - (ACN Newswire via SeaPRwire.com) - Chinese aerospace company Geespace continues to expand globally with a new cooperation agreement signed on November 26 with Systems & Services Limited (SSL), a leading satellite communications provider in Bangladesh. The partnership will support policy access, technical collaboration, and commercial deployment of GEESATCOM, a low-Earth-orbit (LEO) IoT constellation, marking another key step in Geespace’s international expansion.The agreement follows a year of strong momentum for Geespace, which has already formed partnerships with operators in Morocco, Saudi Arabia, Kazakhstan, Argentina and other markets. This reflects a broader global trend, with Chinese commercial aerospace companies moving from R&D breakthroughs to scaled deployment of LEO communication constellations.GEESATCOM reached a major milestone in September with the launch of its sixth orbital plane, completing Phase-1 constellation deployment. Geespace now operates 64 satellites in orbit with 100% on-orbit reliability. The constellation provides global coverage excluding the polar regions, supporting up to 340 million communications per day for as many as 20 million users. It delivers 1,900-byte message capability for text, voice, and image transmission, supported by in-house adaptive anti-interference technology offering up to 50 dB of protection to ensure secure and stable connectivity.Through sustained investment in scalable innovation, Geespace has built full-stack capabilities across the space, ground, and application segments—from constellation system design and payload development to satellite mass production, telemetry and operation control, communication chipsets, modules and diversified terminals. Compared with traditional satellite communications, GEESATCOM’s IoT services offer significantly lower costs and flexible service tiers to support a wide range of industry scenarios.Commercial use cases are expanding rapidly. In China, GEESATCOM has completed near-100% successful testing in sectors including marine fisheries, construction machinery, smart mobility, logistics and robotaxi. Internationally, Geespace has secured more than 20 operator partnerships across key emerging markets. In June 2024, GEESATCOM achieved a 99.15% communication success rate in its first overseas deployment test in Oman, with network availability exceeding 99.97%.From remote industrial operations to offshore vessel tracking, GEESATCOM is enabling reliable connectivity in regions underserved by terrestrial networks. As global deployments accelerate, Geespace aims to further integrate satellite technology with industry applications—supporting mobility, energy, agriculture, logistics, and other sectors with cost-efficient, secure LEO IoT services that contribute to digital transformation across emerging economies worldwide.Company: GeespaceContact Person: Elliott ZhangEmail: geespace.pr@geely.com Website: https://www.geespace.com/ Telephone: +86 21 54200666 Copyright 2025 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com

HONG KONG, Nov 27, 2025 - (ACN Newswire via SeaPRwire.com) – KEF, the premium speaker brand of Gold Peak Technology Group Limited (stock code: 40), announced partnership with Huawei to introduce HUAWEI HiPlay wireless transmission technology to KEF’s award-winning wireless HiFi speaker range for the first time. By combining KEF’s acoustic excellence with Huawei’s smart technology expertise, the two brands will bring high-resolution, lossless audio at 192kHz/24bit, delivering an unprecedented level of clarity and convenience for music lovers.Expected from the first quarter of 2026, a firmware update for KEF’s LS Wireless Collection speakers will be released to support the HUAWEI HiPlay ecosystem. This update will enable users to stream high-resolution music from their favourite platforms directly to KEF’s wireless HiFi speakers with a single tap from Huawei HarmonyOS 6- compatible smartphones and tablets — delivering a seamless, stable, and high-fidelity audio experience.Acoustic excellence meets wireless innovationFor over six decades, KEF has consistently pushed the boundaries of high-fidelity sound through relentless innovation. Today, KEF stands at the forefront of the premium audio industry with award-winning wireless HiFi speaker models including LSX II, LS50 Wireless II, and LS60 Wireless, powered by its proprietary W2 wireless platform. Renowned for robust connectivity and superior streaming performance, the W2 platform reflects KEF’s expertise in integrated wireless solutions, making KEF an ideal audio partner for HUAWEI HiPlay.Perfect display of high-fidelity transmission of original soundThe latest HUAWEI HiPlay technology enables lossless audio transmission at up to 192kHz/24bit over Wi-Fi. As one of the first audio partners for this latest technology from Huawei, KEF’s high-fidelity engineering excellence provides the ideal foundation for HUAWEI HiPlay, allowing listeners to enjoy pure, accurate, and detailed sound with convenience.KEF x Huawei setting new heights for wireless experienceGrace Lo, President of KEF Audio Group said, “We are honoured and excited about the partnership with Huawei, which is a joint commitment to advance the standards of the consumer audio industry and steer it into a new era of wireless high-fidelity. By uniting KEF’s acoustic engineering with Huawei’s smart technology ecosystem, the collaboration delivers a modern listening experience defined by clarity, immersion and uncompromised fidelity.”Huawei introduced the Meta80 phone series and the new HiPlay high-fidelity streaming technology at the press conference yesterday. KEF proudly stands as a member of the inaugural group of collaborating acoustic brands.Gold Peak Technology Group LimitedCharlotte WongSenior Manager, Corporate CommunicationsTel: (852) 2485 5328Email: charlotte_wong@goldpeak.comAJA Capital LimitedAvy Yu / Janet LouieTel: (852) 9500 4443 / (852) 9155 5615Email: avy.yu@ajacapital.com.hk / janet.louie@ajacapital.com.hkAbout Gold PeakGold Peak Technology Group is a global battery and electronics company with an aspiration to become one of the leaders in providing energy and sound solutions that enlighten and empower lives, and with sustainability as a focus.The parent company, Gold Peak Technology Group Limited (SEHK: 40), was established in 1964 and has been listed on the Stock Exchange of Hong Kong since 1984. Gold Peak holds a majority stake at 86.18%* in the Singapore-listed GP Industries Limited as its major industrial investment vehicle and operates manufacturing, R&D, marketing and distribution operations in more than 10 countries around the world.Gold Peak Technology Group Limited not only develops its consumer batteries, electronics and audio products, but also puts great emphasis on R&D of new rechargeable battery and B2B battery technologies. The Group has built renowned brand names for its major product categories, including GP batteries, GP Recyko batteries, KEF premium audio products and Celestion professional speaker drivers.www.goldpeak.com( * shareholding % as at 26 November 2025)ABOUT KEFSince 1961, KEF has been obsessed with the power of high-fidelity sound. By leading in technical innovation, design and craftsmanship, KEF creates revolutionary speakers, subwoofers and wireless systems that provide listeners with transformative audio experiences, capturing the meaning, magic and moments in creators’ work.BBC engineer Raymond Cooke founded KEF, naming it after its original site, Kent Engineering and Foundry. The company continues to conduct research and development while manufacturing flagship speakers in Maidstone, Kent, UK.KEF Music Galleries in key cities worldwide, including our global flagship in London, offer unique and inviting ‘listen and believe’ spaces for both seasoned audio enthusiasts and newcomers, serving as community hubs for partner and creator collaborations.www.kef.com Copyright 2025 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com