Behind every PSL Machinery cashew machine is an extensive process of research, engineering, design, and continuous optimisation.

Cashew Board of Tanzania director general Francis Alfred at the partnership ceremony with PSL Machinery in Vietnam, August 2025. Photo: PSL Machinery

The company's technology is developed by a team of experienced engineers who study every stage of cashew processing to identify where greater efficiency and precision can be achieved. From mechanical structures and material selection to feeding, alignment, and processing mechanisms, every component is designed to contribute to the overall performance of the cashew machinery.

For PSL Machinery, quality is not simply about how a machine performs when it is first installed. It is about how reliably it continues to perform over years of production. This philosophy is mirrored in the materials used to build PSL Machinery's equipment. The company prioritises highest-grade, durable materials selected to withstand the demanding conditions of industrial cashew processing.

PSL Machinery’s Cashew Machinery operates continuously under significant mechanical pressure, and the failure of even a single component can interrupt an entire production line. By focusing on robust construction and long-term stability, PSL Machinery aims to provide cashew machinery that remains reliable throughout its service life while reducing the risk of unnecessary downtime.

This approach is influenced by the manufacturing principles associated with Japanese engineering, where precision, durability, and consistency are central to the design philosophy. PSL Machinery draws inspiration from Japanese technology in the pursuit of exceptional accuracy, and in the belief that a cashew machine must maintain stable performance throughout years of continuous operation.

This combination of precision and longevity has become one of the defining characteristics of the company's cashew machinery.

Cutting is one of the most critical stages of cashew processing. A cashew cutting machine must process large volumes of raw cashew while protecting the kernel inside.

PSL Machinery has spent years researching and developing proprietary cashew cutting technology designed to achieve exceptional accuracy while keeping kernel breakage to a minimum. The company's approach recognises that precision does not come from the cutting blade alone. It is the result of the entire cashew processing system working together.

This integrated approach allows PSL Machinery to pursue two objectives that are often difficult to achieve simultaneously: highest processing capacity and lowest kernel breakage. By helping processors achieve higher throughput while preserving more whole kernels, the company's technology is designed to improve the overall economics of the factory.

Lower breakage can increase the value of the final product, while stable machine operation helps maintain continuous production. Together, these factors can contribute to a stronger return on investment for processors and investors.

PSL Machinery's commitment to performance does not end when a machine is delivered. Industrial machinery is a long-term investment, and even the most advanced technology requires professional technical support throughout its operational life.

The company maintains a dedicated engineering and technical team to support customers during installation, operation, maintenance, and troubleshooting. The company remains closely involved in helping customers address technical challenges and maintain stable production performance.

This level of support is an important part of the PSL Machinery approach. A high-quality cashew machine must be backed by people who understand its technology and can help ensure that it continues to operate at its intended level of performance.

PSL Machinery is also increasingly strengthening its position on the international stage. The company establishes exclusive partnerships and cooperation agreements with governments and major investment organisations in key cashew-producing markets, including Tanzania, Ghana, and Nigeria.

These partnerships demonstrate the level of confidence placed in the company's cashew technology, expertise, and ability to support the development of large-scale cashew processing projects.

PSL Machinery and Ghanaian officials at the MoU signing ceremony in May, attended by Tree Crops Development Authority CEO Dr Andrews Osei Okrah and Ghanaian High Commissioner Florence Buerki Akonor. Photo: PSL Machinery

For PSL Machinery, this international recognition is one of the clearest reflections of its growing position in the global cashew processing industry.

It is a position built on the performance of its cashew machinery and years of industry knowledge, engineering expertise, and the ability to deliver complete A-Z cashew factory solutions.

The company also revealed that it is currently developing several large-scale cashew factories across Africa, with more major projects expected to take shape in the near future.

As PSL Machinery continues to expand its presence in key cashew-producing markets, the company remains committed to continuously improving its technology and deepening its involvement with every partner it works with.

Beyond delivering advanced cashew machinery, PSL Machinery aims to stand alongside its partners throughout their journey, helping them build efficient operations, achieve stronger business performance and create long-term success in the global cashew industry.

Cashew container confusion points to payment issues In the midst of supply chain headwinds, a suspected scam related to 100 containers of cashew nuts exported from Vietnam to Italy is prompting more businesses to buy via the freight on board model and sell via cost, insurance, and freight agreements.

Vietnamese companies regain control of cashew nut containers in suspected scam in Italy Vietnamese firms have regained ownership of all cashew nut containers that were involved in a suspected scam after exporting them to Italy.

Vietnam has spent over $1 billion on cashew nuts from Cambodia in 2024 Despite being renowned as the world's leading producer and exporter of cashew nuts, Vietnam has purchased nearly 95 per cent of Cambodia's total raw cashew nut output in the first seven months of this year.

Vietnam's raw cashew imports hit record $943 million in April Vietnam spent nearly $943 million importing raw cashew nuts in April alone, despite being the world's largest exporter of cashew kernels.

Backed by a total investment of $1 billion, the project is equipped to expand its production capacity up to 200,000 tons annually depending on markey growth.

Photo courtesy of Hyosung

Carried out under Hyosung chairman Hyun-Joon Cho, the project is recognised as being able to reduce reliance on fossil-fuel-based raw materials and establishing a proprietary global stronghold for sustainable textiles.

Utilising Bio-BDO, Hyosung TNC manufactures Polytetramethylene Ether Glycol (PTMG), a primary raw material for spandex polymers, at its Dong Nai plant, which is then seamlessly linked to the mass production of 'regen Bio' at its Dong Nai spandex facility.

By achieving vertical integration from raw material procurement to finished products in a single production ecosystem, the company enhances raw material supply stability, while ensuring the transition from fossil to renewable raw materials, which contributes to reducing carbon emissions.

BDO, a key raw material for spandex, has traditionally been produced using petrochemical resources such as coal. However, the Bio-BDO introduced by Hyosung is manufactured by fermenting sugars extracted from sugarcane, with responsible sourcing and traceability verified through the VIVE Sustainable Programme.

Beyond its application in spandex material (PTMG), BDO's usage is expanding across diverse industries, including automotive interior materials, biodegradable resins, footwear soles, and industrial compounds.

Hyosung envisions developing the Vietnam facility beyond a mere manufacturing plant into a circular bio-material integrated platform spanning plastics and fine chemicals.

The fully integrated Vietnam bio-spandex production system is optimised to meet the demands of global premium bio-textile markets, including Europe and the US. Its ability to swiftly adjust production system operating speeds in response to shifting market demands enables efficient fulfilment of requests from global clients.

Bio-spandex used in high-performance apparel, such as sportswear, swimwear, and denim, perfectly replicates the elasticity and durability levels of conventional petrochemical products. As transparent traceability from raw material to final fibre production and the substitution of fossil fuels with renewable raw materials contribute to reducing carbon emissions, partnerships with global luxury and sportswear brands seeking proactive compliance with climate regulations and environmental, social, and governance standards are expected to strengthen.

Chairman Hyun-Joon Cho said, "The bio business, which converts conventional fossil fuels into plant-based raw materials, will serve as a core pillar for Hyosung's next 100 years. Based on our Bio-BDO and Bio-Spandex integrated production system, we must strengthen our global market expansion and elevate the prestige of Hyosung's premium brand."

South Korea's Hyosung TNC to invest $1 billion in Vietnam On March 30, Hyosung TNC received investment approval for the Hyosung BDO project from Ba Ria-Vung Tau People's Committee as part of its efforts to build the largest bio-spandex factory in Vietnam.

Hyosung committed to investing additional $4 billion into Vietnam South Korean industrial conglomerate Hyosung Group plans to inject another $4 billion into Vietnam, contributing to the country's economic development and implementing its corporate social responsibility.

Hyosung Vina reports accumulated losses of $760 million in Vietnam Hyosung Vina Chemical Co., Ltd. has reports accumulated losses of VND19.24 trillion ($769.6 million) and short-term debt exceeding short-term assets, leaving auditors doubting the company's ability to continue operating.

A view of the Thai Binh LNG-to-power project. Photo: baodautu.vn

As Vietnam’s electricity demand grows, the assignment supports the development of liquefied natural gas (LNG) infrastructure, strengthening the country’s power generation capacity. AFRY’s scope includes technical advisory services for offshore LNG receiving infrastructure and CCPP, including subsea gas pipeline systems, a submerged yoke mooring, marine facilities, and offshore surveys.

“AFRY brings extensive experience in LNG-to-power developments and a solid track record in delivering technical advisory and engineering services for complex energy infrastructure. Its regional presence and understanding of local conditions made AFRY a well-suited partner for this project,” said Yasushi Kuno, CEO, at Thai Binh LNG Power JSC.

The infrastructure will connect to a floating LNG terminal that will supply natural gas to a 1.5 GW power plant, creating an integrated LNG-to-power development.

“We are proud to support this assignment, which also strengthens our presence in Southeast Asia and reinforces AFRY’s role in supporting the development of gas and energy infrastructure in the region,” said Rishi Agrawal, global director of LNG Solutions at AFRY.

AFRY provides engineering, project management, and advisory services that enable the energy and industrial transition and strengthen resilience in society.

Petrovietnam, PV GAS and Nebula Energy partner on LNG-powered data centre On July 28, Petrovietnam, PV GAS and Nebula Energy signed a cooperation agreement to explore an integrated data centre utilising LNG infrastructure at Vung Ang Economic Zone, Ha Tinh.

KN Energies and INDEL Corporation sign MoU in energy and infrastructure On July 28, Lithuanian terminal operator AB KN Energies and Vietnam-based INDEL Corporation signed an MoU to establish an energy and infrastructure cooperation framework in Vietnam.

Investors in $2.2 billion Quynh Lap LNG project assigned urgent missions Nghe An People's Committee requires the consortium of investors of the Quynh Lap LNG thermal power plant to complete certain urgent missions in September to accelerate the project.

Photo: MoF

Minister Tuan said Vladivostok was a strategically important gateway connecting Russia with the wider Asia-Pacific region.

Russia-ASEAN relations are reaching several significant milestones. 2026 marks the 35^th anniversary of Russia-ASEAN relations. The successful Russia-ASEAN Summit in Kazan, together with the adoption of the Russia-ASEAN Comprehensive Action Plan for 2026-2030, has provided a stronger political and economic foundation for deepening the two sides' strategic partnership more substantively and effectively.

Reviewing recent achievements, the minister said two-way trade between Russia and ASEAN had grown by nearly 58 per cent over the past decade, reaching approximately $21 billion in 2025.

The figure demonstrates the positive momentum in economic ties, but there remained considerable room for expansion. The priority now is to translate broad commitments and cooperation frameworks into concrete projects, strengthen trade and investment flows, and deliver measurable results.

Regarding Vietnam's economic outlook, Minister Tuan said the country was entering a new stage of development, with a goal of becoming a developing country with modern industry and upper-middle income by 2030, and a high-income developed country by 2045.

For the 2026-2030 period, Vietnam has set an ambitious target of achieving annual economic growth of at least 10 per cent, while maintaining macroeconomic stability and major economic balances.

To support these goals, the country is accelerating the development of science and technology, innovation, digital transformation and AI, while investing in high-quality human resources and strengthening the private sector. The government is also stepping up investment in strategic infrastructure and continuing to improve the investment and business environment to attract international resources.

Vietnam's economy was worth approximately $514 billion in 2025, while total merchandise trade exceeded $930 billion. The country is becoming increasingly integrated into regional production networks and supply chains and has emerged as an attractive destination for multinational corporations in technology, electronics, manufacturing, energy, logistics and services.

Vietnam also occupies an important position in Russia-ASEAN economic relations. Bilateral trade between Vietnam and Russia reached approximately $4.77 billion in 2025, accounting for nearly one quarter of total Russia-ASEAN trade.

Vietnam was also the first ASEAN country to sign a free trade agreement with the Eurasian Economic Union. With its extensive network of free trade agreements (FTAs), Vietnam can serve as an effective bridge for Russian businesses seeking access to the ASEAN market and other international markets. At the same time, Russia's Far East offers Vietnamese and ASEAN businesses opportunities to access the Russian and wider Eurasian markets.

Photo: VNA

Minister Tuan outlined five priorities for strengthening economic ties between Russia and ASEAN.

First, develop new supply chains and strengthen trade and investment connectivity. Russia has strong advantages in energy, raw materials, agriculture, industry and science and technology, while ASEAN offers a dynamic market of nearly 700 million people, a young workforce and flexible production networks.

The two sides should move beyond conventional trade towards greater joint investment, co-production and deeper participation in shared value chains. Vietnam is ready to play a bridging role and encourage Russian businesses to invest in processing and manufacturing, high technology, energy, logistics and high-tech agriculture to serve markets in Vietnam, ASEAN and beyond.

Second, improve transport and logistics connectivity. Geographical distance remains a major constraint on bilateral trade, making stronger maritime links between Vladivostok and the Russian Far East and Vietnam and Southeast Asia a priority. These links should be integrated with railways and wider Eurasian transport corridors.

The minister proposed studying the establishment of a Far East-Vietnam-ASEAN logistics corridor covering maritime transport, port infrastructure, cold storage, distribution centres and production networks. Such a corridor could lay the foundations for new value chains in fisheries, agriculture, food, raw materials and consumer goods.

Third, make science and technology, digital transformation and AI new drivers of cooperation. Vietnam is focusing on AI, big data, data centres, cloud computing, semiconductor manufacturing, automation, digital finance and smart logistics. Combining these priorities with Russia's scientific and technological capabilities and skilled workforce could create significant opportunities in ASEAN's rapidly expanding digital economy.

The minister called for stronger cooperation in AI, cybersecurity, fintech, digital healthcare, digital education and smart manufacturing, with a focus on joint research, technology transfer, human-resource development and the commercialisation of products.

Fourth, expand cooperation in energy, green growth and sustainable development. As ASEAN's energy demand continues to rise and countries pursue emissions-reduction commitments, Vietnam is developing clean and renewable energy, offshore wind power, modern electricity infrastructure and a circular economy.

Russia's strengths in energy and related technologies could become a key pillar of cooperation in the coming period, the minister said.

Fifth, broaden cooperation in finance, investment, tourism and people-to-people exchanges. Vietnam is studying the development of free-trade zones linked to seaports, logistics and services, while establishing international financial centres in Ho Chi Minh City and Danang. These initiatives could create new opportunities to attract international financial institutions and investment funds, including those from Russia.

Improving air connectivity and cultural exchanges will also be important. Vietnam welcomed nearly 21.2 million international visitors in 2025, providing a favourable foundation for expanding tourism cooperation among Russia, Vietnam and ASEAN.

Looking towards 2030, Minister Tuan expressed his hope that Russia-ASEAN relations would become increasingly substantive and balanced, delivering greater practical benefits to businesses and individuals on both sides. He also called for sustained trade growth, clearer development of supply chains and logistics corridors, and the implementation of flagship investment projects.

The key priority, he said, was to translate the Russia-ASEAN Comprehensive Action Plan for 2026-2030 into concrete projects with clearly identified partners, responsibilities and measurable outcomes.

He added that Vietnam regards Russia as an important partner and ASEAN as a strategic sphere of cooperation. The country is ready to strengthen its role as an economic bridge between Russia and ASEAN and work with partners to create new drivers of growth for peace, stability and shared prosperity in the region.

Nuclear plans develop as crucial cornerstone Vietnam is accelerating plans to develop nuclear power as a cornerstone of future energy security.

Vietnam-Russia energy cooperation: a strategic pillar in global transition Amid a rapidly restructuring global economy shaped by geopolitical shifts, economic cooperation between Vietnam and Russia is entering a new phase with significant potential for both depth and scale.

Vietnam and Russia boost transport ties at international summit Russia and Vietnam have agreed to strengthen transport cooperation and logistics connectivity following talks at an international summit in Russia.

The latest strengthening of business conditions in the sector, as revealed on September 3, was the most pronounced since February.

Photo: baodautu.vn

Anecdotal evidence linked growth in August to a range of factors, including the development and release of new products, better material availability and softer price pressures. These contributed to marked increases in both new orders and manufacturing production during the month.

Output rose for the 16th consecutive month, and at a rapid pace that was the fastest in just over two years. Likewise, the pace of expansion in new orders also quickened and was the sharpest since last October

The increase in overall new business seen in August was recorded in spite of a renewed fall in new export orders amid ongoing geopolitical instability. The drop in new business from abroad was the first in four months, but only marginal.

Manufacturers also recorded a renewed reduction in employment, the fifth time in the past six months in which staffing levels have fallen. Panellists reported resignations and retirements, as well as the scaling back of the use of temporary labour.

Employment was reduced despite more signs of pressure on capacity as work backlogs rose for the second month running in line with a sharp increase in new orders.

Higher output requirements did encourage manufacturers to expand their purchasing activity again in August. The rate of growth was strong, but eased to a three-month low. Purchased items were often used to support production, and this meant that stocks of purchases continued to fall despite the expansion in input buying. The latest reduction in preproduction inventories was the least marked in five months, however.

Stocks of finished goods also fell in August as products were shipped to customers. The latest reduction was solid and the fastest since April.

Although suppliers' delivery times continued to lengthen, transportation issues were less pronounced midway through the third quarter, meaning that the latest lengthening of lead times was only marginal and the joint-weakest in two years of continuously worsening vendor performance (equal with April 2025).

Higher oil prices continued to feed through to increases in costs of derived products such as fuel, plastics and shipping. That said, the rate of input cost inflation eased to an 11-month low and was slightly weaker than the series average. Selling prices also increased at a slower pace, with the rate of inflation softening for the fourth consecutive month.

New products, improved capacity and stronger client demand supported confidence among manufacturers that output will increase further over the coming year. Confidence eased slightly from July, however, and was some way below that seen before the outbreak of war in the Middle East.

Andrew Harker, economics director at S&P Global Market Intelligence said, "The Vietnamese manufacturing sector began to motor midway through the third quarter of the year. As of August, growth in output and new orders has not only returned to the marked rates seen at the start of the year, but surpassed them. As price and supply pressures have receded, manufacturers have been able to secure new business and meet order requirements through higher production volumes."

"This growth has been achieved despite a muted picture for employment, with workforce numbers scaled back in August amid relatively subdued business confidence due to ongoing geopolitical uncertainty. This suggests that firms have been able to boost efficiency to ramp up production."

Japan's MISUMI invests $31 million to expand manufacturing capacity in Vietnam and beyond MISUMI Group on August 6 announced an investment of approximately JPY4.6 billion ($31.3 million) to expand its manufacturing capacity in Vietnam and other countries.

HD Hyundai Eco Vina breaks ground on $116 million tank plant in Quang Ngai Construction begins on over 26-hectare independent tank production zone in Dung Quat Economic Zone with a total investment of $116 million.

Tan Lan 3 positions for next wave of manufacturing FDI With a 336-hectare site and a development model centred on manufacturing and supply chain linkages, Tan Lan 3 Industrial Park is positioning itself as a medium- and long-term option for foreign manufacturers assessing expansion in Vietnam.

Professional crews across Australia and New Zealand are under pressure to complete demanding work efficiently while managing tighter schedules, mobility needs and jobsite workflow interruptions. Traditional pneumatic systems add setup, transport and hose-management demands, while gas tools require cartridges and ongoing maintenance. Gas nailers remain widely used by Australian & New Zealand framing crews, with fuel cartridges adding ongoing running costs. HiKOKI Speed Series is designed to remove those barriers without sacrificing the fastening performance professionals rely on – and they're the lightest and fastest battery nailers in the market.

"Today's professional builders should not have to choose between performance and mobility," said Aaron Jamieson, Managing Director Australia, KOKI Group. "Speed Series gives them both, helping crews move faster, work more freely and stay productive without the equipment burden of traditional pneumatic systems."

At the centre of the range is HiKOKI Air Spring Drive System Plus™, which stores and deploys compressed air within the tool itself, delivering fast response, consistent driving power and pneumatic-style performance without an external compressor or hose. The system combines an optimised drive mechanism with advanced tabless battery technology to support faster cycle times, smoother operation and consistent power.

These nailers are built to outperform and the result is measurable on site. Speed Series framing nailers fire up to 4.5 nails per second, against two to three nails per second for most cordless and gas nailers, and respond in 43 milliseconds, the fastest trigger response of any non-pneumatic nailer. Each framing nailer delivers approximately 700 nails per 5.0Ah charge across a 50 to 90 mm fastener range.

Speed Series' magnesium housing, chamber, nose and magazine replace the plastic and aluminium construction of the previous generation, to maintain a lightweight design. At 3.9 kg including battery, the 90 mm framing nailer is designed to improve handling during repetitive work.

The strip nailers also convert. Framing, metal connector and duplex magazines are interchangeable and swap out with three screws, so one tool covers three fastening jobs, and one battery platform covers the crew.

By removing hoses, compressors and gas cartridges, Speed Series simplifies setup and breakdown, reduces equipment movement across the jobsite and gives professionals greater freedom to work where the application takes them. The range is designed for demanding framing and structural fastening work where speed, control and consistency matter.

The Speed Series eliminates the need for ongoing gas cartridge purchases, helping to reduce running costs. With no gas combustion or combustion chamber, there is no carbon build-up, no combustion-related cleaning cycle, and no fumes to manage. It also removes the need to purchase, store or replace flammable fuel cartridges, making it a cleaner and more convenient solution, particularly when working in enclosed spaces.

"Making cordless nailers match pneumatic performance required solving two engineering problems at once: matching pneumatic driving power and matching pneumatic firing speed," said Bernd Fleischmann, Chief Technology Officer for KOKI Group. "Air Spring Drive System Plus combines the proven air spring architecture that has powered our cordless nailers from the start with a new Enhanced Lift Mechanism that doubles shot frequency over the previous generation. That is what makes true cordless pneumatic performance possible."

PRODUCT LINEUP

• NR1890DCB — 30° to 34° Cordless Framing Nailer: 18V brushless; 50 to 90 mm nail range; up to 4.5 nails per second; 43 ms trigger response; 3.4 kg including battery; magnesium housing, chamber and magazine; interchangeable framing, metal connector and duplex magazines; MultiVolt compatible. Available as a skin or as a kit.
• NR1865DKA — 33° to 36° Cordless Metal Connector Nailer: 18V brushless; 38 to 64 mm nail range; up to three nails per second into metal connectors; 43 ms trigger response; 3.4 kg including battery; slim nose for access in tight corners; MultiVolt compatible. Available as a skin or as a kit.
• NR1875DDA — Cordless Duplex Nailer, for concrete formwork and temporary structures where fasteners have to come back out. Available as a skin or as a kit.

Kits include a MultiVolt 5.0Ah battery, an 18V 5.0Ah tabless battery and a charger.

HiKOKI Speed Series will be available through retailers beginning October 2026. Availability, configurations, pricing and distribution may vary by market. Full local specifications and purchase information will be available at hikokipowertools.com.au.

The Australia and New Zealand launch is part of KOKI Group's coordinated global introduction of its cordless fastening platform, alongside Metabo HPT Cordless Pneumatic Nailers in North America and the next generation HiKOKI nailer range in Europe. Grounded in common technology, each region offers tools tailored to the needs of local builders.

Learn more at hikokipowertools.com.au and www.koki-group.com

Tailored for different industry requirements

The three drive families are designed to address the specific requirements of different industries and applications:

• ACS580 IP66/Type 4X drives are designed for demanding food and beverage environments, supporting motor-driven applications including pumps, fans, compressors, mixers and conveyors operating across wet, washdown, indoor and outdoor production environments.

• ACH580 IP66/Type 4X drives are designed specifically for HVACR applications, supporting equipment operating in exposed and outdoor locations, including rooftop air handling units, cooling towers, exterior exhaust fans, outdoor pump skids and outdoor chiller units.

• ACQ580 IP66/Type 4X drives are designed for water and wastewater environments, supporting a broad range of applications including clarifiers, surface aerators, screens, flocculators, dosing systems, activated sludge pumps, lift stations and booster stations.

Many Australian facilities operate in environments that present challenging conditions for installed electrical equipment. The IP66/Type 4X design provides greater flexibility to locate drives closer to the application, where appropriate for the installation.

By reducing the need for additional protective enclosures or dedicated electrical rooms and enabling shorter motor cable runs, this approach can reduce site installation costs and complexity. It can also support faster installation and commissioning and a smaller overall system footprint.

The drives incorporate a range of built-in features designed to support installation, operation and integration, including coated circuit boards, integrated EMC C2 filtering, a built-in DC choke for harmonic mitigation, and Safe Torque Off (STO). The design also provides option slots for additional I/O and fieldbus communications, enabling the drives to be configured for different application requirements.

Optional Bluetooth-enabled control panels further support commissioning and interaction with the drives. When used with ABB's Drivetune mobile application, Bluetooth connectivity provides a convenient way to access and work with drive settings. ABB's drive software and connectivity tools can also support commissioning and diagnostic activities.

ABB is also highlighting the importance of distinguishing ingress protection ratings from other environmental performance characteristics when selecting equipment for demanding applications.

In Australia, an IP66 rating relates specifically to the enclosure's protection against the ingress of dust and water, in accordance with AS/NZS 60529 and IEC 60529. The first digit, 6, denotes a dust-tight enclosure, while the second 6 denotes protection against powerful water jets.

Environmental characteristics such as UV, corrosion and chemical resistance should therefore be considered separately from the IP66 classification and assessed against the specifications and testing applicable to the individual product. This distinction is particularly relevant for equipment installed in outdoor, coastal, washdown or chemically exposed environments. ABB, for example, separately identifies corrosion, UV and chemical-resistance characteristics for its ACS580 IP66/Type 4X drive rather than treating these as properties conferred by the IP66 rating itself.

The ACS580, ACH580 and ACQ580 IP66/Type 4X drive range is available in power ratings from 5.5 kW to 22 kW, providing a solution for applications where protection against dust ingress and water exposure is an important consideration in the selection, installation and operation of variable speed drives.

Learn more: https://www.youtube.com/watch?v=9nCWb7g-MGI

The first Notification Letter advised the Company that, based on Nasdaq's review of the Company's Market Value of Listed Securities ("MVLS") for the 30 consecutive business days from July 16, 2026 to August 26, 2026, the Company no longer meets the minimum MVLS of US$50,000,000 required for continued listing on The Nasdaq Global Market under Nasdaq Listing Rule 5450(b)(2)(A). Nasdaq calculates MVLS based on the most recent total shares outstanding multiplied by the daily closing bid price. Nasdaq also noted in the letter that the Company does not meet the requirements of Nasdaq Listing Rule 5450(b)(3)(A), the Total Assets and Total Revenue standard.

The second Notification Letter advised the Company that, based on Nasdaq's review of the Company's Market Value of Publicly Held Shares ("MVPHS") for the 30 consecutive business days from July 16, 2026 to August 26, 2026, the Company no longer meets the minimum MVPHS of US$15,000,000 required for continued listing on The Nasdaq Global Market under Nasdaq Listing Rule 5450(b)(2&3)(C). Nasdaq calculates MVPHS based on the most recent publicly held shares information multiplied by the closing bid price.

In accordance with Nasdaq Listing Rules 5810(c)(3)(C) and 5810(c)(3)(D), the Company has been provided a compliance period of 180 calendar days, through February 23, 2027, to regain compliance with each requirement. To regain compliance, the Company's MVLS must close at US$50,000,000 or more, and its MVPHS must close at US$15,000,000 or more, in each case for a minimum of ten consecutive business days. Nasdaq staff may, in its discretion, require the Company to satisfy the applicable requirement for a period in excess of ten consecutive business days, but generally no more than 20 consecutive business days, before determining that compliance has been demonstrated.

The Notification Letters have no immediate effect on the listing or trading of the Company's American depositary shares, which continue to trade on The Nasdaq Global Market under the symbol "SCAG." A deficiency indicator will be displayed with quotation information for the Company's securities on Nasdaq.com and NasdaqTrader.com, and the Company will be included in the list of non-compliant companies published on the Nasdaq Listing Center commencing five business days from the date of the Notification Letters.

If the Company does not regain compliance with either requirement prior to the expiration of the applicable compliance period, it will receive written notification that its securities are subject to delisting, at which time the Company may appeal the determination to a Nasdaq Hearings Panel. Alternatively, the Company may be eligible to transfer its listing to The Nasdaq Capital Market, provided it meets the Capital Market's continued listing requirements.

As previously disclosed, the Company received a notification from Nasdaq on June 11, 2026 regarding the minimum bid price requirement, with a compliance period through December 8, 2026. The Company has also received a notification regarding the composition of its audit committee, with a remediation period through December 22, 2026.

The Company intends to monitor its MVLS and MVPHS and to consider the options available to it to regain compliance, which may include applying to transfer its listing to The Nasdaq Capital Market. The Company's business operations are not affected by the receipt of the Notification Letters. There can be no assurance that the Company will regain compliance with the MVLS or MVPHS requirements within the applicable compliance periods.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding the Company's ability to regain compliance with the applicable Nasdaq continued listing requirements within the compliance periods, the Company's intention to monitor its MVLS and MVPHS, the potential transfer of the Company's listing to The Nasdaq Capital Market, and the Company's available options to address the deficiencies described herein. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as "approximates," "assesses," "believes," "hopes," "expects," "anticipates," "estimates," "projects," "intends," "plans," "will," "would," "should," "could," "may" or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the U.S. Securities and Exchange Commission.

The decision follows Little Bellies' landmark 2024 Federal Court victory, which found that three products within ALDI's MAMIA toddler snack range infringed copyright in Little Bellies' packaging designs.

ALDI appealed those findings, while Little Bellies lodged a cross-appeal arguing that the original judgment should have extended to additional products within the MAMIA range.

The Full Court has now upheld the infringement findings in relation to the original products and found that two further ALDI products also infringed Little Bellies' copyright, taking the total from three to five.

The Court also upheld the finding that ALDI was liable for additional damages.

Little Bellies Co-founder and Managing Director, Clive Sher, said the outcome was an important vindication not only for Little Bellies, but for brand owners that invest significantly in building distinctive intellectual property.

"We are delighted that the Full Court not only upheld the original judgment of infringement by ALDI but also extended it to five designs instead of three," said Sher.

"Further, the Full Court upheld the award of additional damages, finding that 'ALDI could have used any packaging of its own design, but chose to emulate the Hampden Works for its own benefit'. It deliberately courted a risk to obtain commercial advantage."

"We regard this as a vindication for brand owners who invest considerably in their brand equity."

The case began after ALDI redesigned its MAMIA toddler snack range, with evidence in the original proceedings showing Little Bellies had been used as a benchmark during the design process.

In the original 2024 judgment, Justice Moshinsky found that ALDI had deliberately developed packaging for its MAMIA baby puffs products that resembled Little Bellies' packaging and had sought to use the designs of a trade rival for its own commercial advantage.

Little Bellies subsequently chose to defend that decision when ALDI appealed and launched its own cross-appeal, maintaining that the implications extended beyond the three products originally found to infringe.

Sher said the latest judgment reinforced why the company had continued to pursue the matter despite the significant time, cost and resources involved.

"From the beginning, this has been about more than Little Bellies. Small and founder-led businesses invest enormously in creating brands that are distinctive, trusted and valuable, and that intellectual property deserves protection."

"Taking on a global retailer is not something any independent business does lightly. We pursued this because we believed the principle mattered, and we hope this decision gives other Australian brands greater confidence that their creative work and brand equity can and should be protected."

Little Bellies was founded in Australia by brothers Clive and Steven Sher and has grown from an independent family business into a leading baby and toddler snack brand sold in Australia and internationally.

The matter will now return to the primary judge for the determination of damages.

Under the terms of the agreement, Novartis will have multiple options to obtain exclusive rights to develop and commercialize subcutaneous formulations for multiple Novartis products using Alteogen's ALT-B4 (berahyaluronidase alfa).

ALT-B4 (berahyaluronidase alfa) is a proprietary recombinant human hyaluronidase developed using Alteogen's Hybrozyme™ platform technology. ALT-B4 enables the conversion of biologics typically administered via intravenous (IV) infusion into more convenient and rapid subcutaneous (SC) formulations. By temporarily depolymerizing hyaluronan in the extracellular matrix, ALT-B4 facilitates the rapid and efficient dispersion and absorption of co-administered therapeutics. The agreement demonstrates Novartis' commitment to innovating new options for patients and enhancing the treatment experience.

If all options are exercised and all milestones are achieved, Alteogen would be eligible to receive up to US$3,223 million, including option exercise fees, development and commercial milestone payments, as well as royalties on net sales of products commercialized under the agreement.

"Novartis is a world-leading pharmaceutical company at the forefront of the global healthcare industry and has evaluated the application of ALT-B4 across multiple modalities for subcutaneous formulation development. This agreement demonstrates the technological strength and commercial value of Alteogen's Hybrozyme™ platform," said Tae-Yon Chun, Ph.D., CEO of Alteogen.

HARMONi-2 is a randomized, double-blind, multicenter, registrational Phase III trial evaluating ivonescimab, Akeso's first-in-class PD-1/VEGF bispecific antibody, versus pembrolizumab as first-line treatment for patients with locally advanced or metastatic non-small cell lung cancer (NSCLC) whose tumors express PD-L1 (TPS ≥1%).

Detailed data from the interim OS analysis will be presented at an upcoming international medical conference and published in a peer-reviewed journal.

In May 2024, at a prespecified interim analysis conducted by the IDMC, ivonescimab met its primary endpoint of progression-free survival (PFS) in the HARMONi-2 study, with a median PFS of 11.14 months versus 5.82 months for pembrolizumab. HARMONi-2 is the first randomized, double-blind Phase III trial to show a significant positive outcome against pembrolizumab in this setting.

In 2025, this indication received regulatory approval in China. The approval removed previous restrictions on the use of VEGF-targeted agents in patients with squamous histology and provided a chemotherapy-free treatment option that has been well received in clinical practice.

Dr. Yu Xia, Founder, Chairwoman, President and Chief Executive Officer of Akeso:

"We are pleased that the fourth Phase III study of an ivonescimab-based regimen has now demonstrated statistically significant benefit in both overall survival and progression-free survival. These results further reinforce the clinical value of ivonescimab in the treatment of lung cancer.

We thank the investigators, clinical teams and patients who participated in the HARMONi-2 study for their important contributions.

To date, ivonescimab has achieved dual positive OS and PFS outcomes across multiple Phase III head-to-head trials versus PD-1/PD-L1 therapies. This growing body of evidence strengthens our confidence in its potential across a broader range of solid tumors. With its unique dual mechanism of action combining immunotherapy and anti-angiogenesis, we believe ivonescimab offers a more effective treatment option for patients and will contribute meaningfully to the evolving oncology treatment landscape."

Proceeds from the financing will be used to advance NovaGo's lead program into a proof-of-concept (PoC) study in patients with acute spinal cord injury. The study is a fully randomized, double-blind trial enrolling 120 patients across sites in Germany, Spain, and Switzerland.

Spinal cord injury remains an area of high unmet medical need. There are currently no approved regenerative treatment options that restore lost neurological function, leaving patients and their families with limited therapeutic prospects following injury. NovaGo's approach targets Nogo-A, a protein that inhibits nerve fiber regeneration and neuroplasticity in the central nervous system, with the goal of enabling functional recovery.

"We are excited to see this program progress into this critical stage of clinical testing, bringing us a meaningful step closer to a much-needed treatment for patients living with the consequences of spinal cord injury," said Prof. Martin Schwab, Chief Scientific Officer of NovaGo Therapeutics.

"Together with NovaGo Therapeutics, we are pioneering a novel approach for the treatment of spinal cord injury using a fully human therapeutic antibody designed to promote nerve outgrowth after injury," said Prof. Roger M. Nitsch, President and Chief Executive Officer of Neurimmune and a member of the Board of Directors of NovaGo Therapeutics. "We are encouraged by the promising Phase 1 results with NG004 and look forward to advancing the clinical development program together with NovaGo Therapeutics and our co-investors, with generous support from the Swiss Paraplegic Foundation and Wings for Life."

"We are very pleased to co-lead this financing and support NovaGo's next stage of development. The progress and results from the Phase 1 study in spinal cord injury are very encouraging and we see great potential to provide a new regenerative treatment option for patients with spinal cord injury," said Dominik Escher, Managing Partner at Pureos Bioventures.

"We are deeply grateful for the backing of our investors. Support from Wings for Life and the Swiss Paraplegic Foundation have also been instrumental, helping make this crucial development phase possible." said Stefan Moese, Chief Executive Officer of NovaGo Therapeutics. "Their commitment allows us to move forward with the proof-of-concept study and work toward bringing a much-needed treatment to patients affected by the devastating consequences of spinal cord injury."

For more information, please visit www.pureosbio.com and www.novagotherapeutics.com

For the three-month period from June through August 2026, Robo.ai recorded total revenue of over US$180 million, primarily contributed by QC Capital, which the Company acquired on June 15, 2026. Since the acquisition, the Company has sustained steady operations and continued to deliver revenue, with the new business contributing meaningfully to overall growth.

"Since completing the acquisition in June, we have seen steady operating momentum and continued revenue contribution from our acquired business," said Benjamin Zhai, Chief Executive Officer of Robo.ai. "Our overall revenue performance over the past several months gives us greater confidence in the progress we are making and provides a solid foundation for our next stage of development. We remain focused on disciplined execution and integration, while continuing to strengthen our business and build on this momentum as we work toward sustainable growth."

The revenue information presented in this press release is preliminary and unaudited and has not been reviewed by the Company's independent registered public accounting firm. The information may be subject to adjustment in connection with the Company's financial closing and review procedures.The consideration shares for the QC Capital acquisition are subject to a phased, revenue-linked release mechanism, as previously disclosed on Form 6-K on June 18, 2026.

Forward-Looking Statements

This press release contains statements that may constitute "forward-looking" statements pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "aims," "future," "intends," "plans," "believes," "estimates," "targets," "likely to," "challenges," and similar statements. Robo.ai may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the "SEC"), in its annual report to shareholders, in press releases and other written materials, and in oral statements made by its officers, directors, or employees to third parties. Statements that are not historical facts, including statements about Robo.ai's beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Robo.ai's strategies, future business development, and financial condition and results of operations; Robo.ai's limited operating history in its current business; Robo.ai's ability to generate positive cash flow and profits; Robo.ai's ability to compete successfully; Robo.ai's ability to build its brand and withstand negative publicity; and changes in customer demand and government incentives, subsidies, or other favorable government policies. Further information regarding these and other risks is included in Robo.ai's filings with the SEC. All information provided in this press release is as of the date of this press release, and Robo.ai does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Website: www.roboai.group

"Today we welcome ARC colleagues to Shell and look forward to building on their high-performance culture, operational excellence and technical expertise in Canada's Montney basin," said Shell's Chief Executive Officer, Wael Sawan. "The acquisition increases Shell's exposure to long-duration, low-cost liquids production. Through disciplined integration, we will build on the strengths of both organizations to unlock the value that underpins this transaction."

In accordance with terms of the Arrangement Agreement, ARC's shareholders will receive CAD $8.20 in cash and 0.40247 ordinary shares of Shell plc (each whole share, a "Shell Share") for each ARC common share (each, an "ARC Share").

Based on Shell's closing share price of GBP £34.43 on September 2, 2026, and latest FX rates, this equates to an updated equity value of approximately US$13.9 billion. Shell will take on approximately US$2.5 billion in net debt and leases resulting in an enterprise value of approximately US$16.5 billion. The equity value of US$13.9 billion will be funded via US$3.3 billion in cash and US$10.6 billion in new Shell shares.

The transaction is expected to generate double-digit returns, bolster long-term cash flows and be accretive to free cash flow share from 2027 onwards.

Forward-Looking statements
This news release contains forward-looking statements (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995) concerning the financial condition, results of operations and businesses of Shell. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management's current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Shell to market risks and statements expressing management's expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as "aim"; "ambition"; ''anticipate''; "aspire", "aspiration", ''believe''; "commit"; "commitment"; ''could''; "desire"; ''estimate''; ''expect''; ''goals''; ''intend''; ''may''; "milestones"; ''objectives''; ''outlook''; ''plan''; ''probably''; ''project''; ''risks''; "schedule"; ''seek''; ''should''; ''target''; "vision"; ''will''; "would" and similar terms and phrases. There are a number of factors that could affect the future operations of Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this news release, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell's products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks, including climate change; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, judicial, fiscal and regulatory developments including tariffs and regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; (m) risks associated with the impact of pandemics, regional conflicts, such as the Russia-Ukraine war and the conflict in the Middle East, and a significant cyber security, data privacy or IT incident; (n) the pace of the energy transition; and (o) changes in trading conditions. No assurance is provided that future dividend payments will match or exceed previous dividend payments. All forward-looking statements contained in this news release are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Additional risk factors that may affect future results are contained in Shell plc's Form 20-F for the year ended December 31, 2025 (available at www.shell.com/investors/news-and-filings/sec-filings.html and www.sec.gov). These risk factors also expressly qualify all forward-looking statements contained in this news release and should be considered by the reader. Each forward-looking statement speaks only as of the date of this news release, September 2, 2026. Neither Shell plc nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this news release.

Shell's net carbon intensity
Also, in this news release we may refer to Shell's "net carbon intensity" (NCI), which includes Shell's carbon emissions from the production of our energy products, our suppliers' carbon emissions in supplying energy for that production and our customers' carbon emissions associated with their use of the energy products we sell. Shell's NCI also includes the emissions associated with the production and use of energy products produced by others which Shell purchases for resale. Shell only controls its own emissions. The use of the terms Shell's "net carbon intensity" or NCI is for convenience only and not intended to suggest these emissions are those of Shell plc or its subsidiaries.

Shell's net-zero emissions target
Shell's operating plan and outlook are forecasted for a three-year period and ten-year period, respectively, and are updated every year. They reflect the current economic environment and what we can reasonably expect to see over the next three and ten years. Accordingly, the outlook reflects our combined Scope 1 and 2 target, NCI target and our oil products ambition over the next ten years. However, Shell's operating plan and outlook cannot reflect our 2050 net-zero emissions target, as this target is outside our planning period. Such future operating plans and outlooks could include changes to our portfolio, efficiency improvements and the use of carbon capture and storage and carbon credits. In the future, as society moves towards net-zero emissions, we expect Shell's operating plans and outlooks to reflect this movement. However, if society is not net zero in 2050, as of today, there would be significant risk that Shell may not meet this target.

Forward-Looking non-GAAP measures
This news release may contain certain forward-looking non-GAAP measures such as free cash flow, net debt and enterprise value. We are unable to provide a reconciliation of these forward-looking non-GAAP measures to the most comparable GAAP financial measures because certain information needed to reconcile those non-GAAP measures to the most comparable GAAP financial measures is dependent on future events some of which are outside the control of Shell, such as oil and gas prices, interest rates and exchange rates. Moreover, estimating such GAAP measures with the required precision necessary to provide a meaningful reconciliation is extremely difficult and could not be accomplished without unreasonable effort. Non-GAAP measures in respect of future periods which cannot be reconciled to the most comparable GAAP financial measure are calculated in a manner which is consistent with the accounting policies applied in Shell plc's consolidated financial statements.

We may have used certain terms, such as resources, in this news release that the United States Securities and Exchange Commission (SEC) strictly prohibits us from including in our filings with the SEC. Investors are urged to consider closely the disclosure in our Form 20-F, File No 1-32575, available on the SEC website www.sec.gov.

MEGA seeks to raise an additional $200 million in capital commitments for the second close targeted by early next year.

Altogether, Mapletree’s Emerging Asia logistics development strategy is expected to comprise assets with a total investment value of $2.1 billion when fully deployed.

The investors across the strategy include, among others, sovereign wealth funds, a pension fund, and a national investment company.

MEGA seeks to raise an additional $200 million in capital commitments for the second close targeted by early next year. MEGA will focus on logistics development opportunities across Malaysia, Vietnam, and India markets were growing domestic consumption, manufacturing activity, and supply chain diversification continue to drive demand for modern logistics facilities amid a structural undersupply of institutional-grade logistics space.

The fund is targeting to deliver an internal rate of return more than mid-teens and will provide its investors access to Mapletree’s integrated real estate capabilities and established logistics development track record.

MEGA has an initial seeded portfolio comprising four development projects in Malaysia, one development project in India and two warehouses in Vietnam.

According to Hiew Yoon Khong, Group CEO, Mapletree, the group was encouraged by the strong support received from established institutional investors across the company's Emerging Asia logistics development strategy.

“MEGA’s successful first close marks an important milestone and the commitments received reflect confidence in Mapletree’s ability to deliver development value across market cycles,” Khong said.

"Integrated real estate capabilities have allowed Group to pursue an accelerated development strategy which differentiates Mapletree from pure capital management players," he added.

Logistics is Mapletree’s largest asset class, accounting for approximately 43 per cent of the Group’s assets under management, or around $25.5 billion.

According to Ng Kiat, regional CEO, Mapletree’s Asia-Pacific Logistics Development, MEGA provides investors with access to logistics development opportunities in select high-growth markets across emerging Asian economies.

“The fund’s successful first close reflects investors’ confidence in Mapletree’s global logistics platform, supported by our position as a market leader in Malaysia and Vietnam, experienced local teams and integrated real estate capabilities,” Kiat said.

MEGA is Mapletree’s 18th private real estate fund and the third in its recent series of logistics development-focused private funds, following the successful syndication of Mapletree China.

Headquartered in Singapore, Mapletree is a global real estate development, investment, capital, and property management company committed to sustainability.

The group’s assets are located across 13 markets globally, namely Singapore, Australia, Canada, China, Europe, Hong Kong, India, Japan, Malaysia, South Korea, the UK, the US, and Vietnam.

Artist's impression of Mapletree Logistics Hub, Utas Shah Alam, Malaysia. Photo: Mapletree

SC VivoCity becomes the first mall in Vietnam with LEED Certification SC VivoCity shopping mall in Ho Chi Minh City has been awarded LEED Gold Certification by the S Green Building Council for Existing Buildings: Operations and Maintenance (v4.1), accordingto a December 12 press release.

Mapletree Showcases Melisa Teo's ‘Two Rivers’ Exhibition at VivoCity The striking photo series offers a poetic lens into cultural harmony and nature’s spiritual energy.

• InnoHK Centre for Advanced and Smart Manufacturing (CASM): Lead global manufacturing toward Industry 5.0 by fusing AI, advanced materials, additive manufacturing and digital twins to create smart, sustainable, and human-centered solutions.
• InnoHK Centre of Functional Materials for Energy and Sustainability (CFMES): Advance breakthrough discoveries in functional materials to address bottleneck challenges related to energy and sustainability.
• InnoHK Centre for Heterogeneous Integration and Production (CHIP): Advance next-generation electronics through innovations in semiconductor equipment and material processing, with a focus on advancing heterogeneous integration technologies.
• InnoHK Centre for Space Manufacturing Technology (CSMT): Establish a world-class hub for international research collaboration in space manufacturing, integrating cutting-edge R&D in advanced materials and additive processes with demonstration and applied innovation in Hong Kong.
• InnoHK Hong Kong Center for Renewable Energy and Storage (HKCRES): Develop and integrate high-performance perovskite photovoltaics, green hydrogen systems, and next-generation batteries via an end-to-end innovation framework in Hong Kong.
• InnoHK Power Semiconductors and Applications Center (PowerSAC): Develop advanced power semiconductors, intelligent chips and system technologies for more efficient, compact and reliable power conversion.
• InnoHK Research Centre for Intelligent GRID and Energy Technologies (I-GET): Develop intelligent, green and transformative grid and energy technologies for resilient, efficient and carbon-neutral cities.
• InnoHK Sustainable Materials & Advanced Renewable Technologies (SMART Centre): Leverage artificial intelligence and smart automation technologies to accelerate materials discovery for circular waste upcycling, repurposing, and next-generation clean energy technologies.

The issuer is solely responsible for the content of this announcement.

More information about HKSTP is available at www.hkstp.org.

The issuer is solely responsible for the content of this announcement.

For more information, visit: justcoglobal.com

The issuer is solely responsible for the content of this announcement.

For additional information, visit www.cushmanwakefield.com.hk

The issuer is solely responsible for the content of this announcement.

Find out more about TRUMPF at www.trumpf.com

AI Boom drives demand for new cooling concepts

Manufacturers are increasingly turning to advanced packaging, a cutting-edge semiconductor technology in which chips are stacked or closely interconnected to enable greater computing power in a small space. As a result, heat is increasingly generated inside the chip stack and can only be dissipated to a limited extent using conventional cooling methods, such as cooling server racks or entire data centers. Leading semiconductor manufacturers have therefore included novel cooling solutions for chips in their development roadmaps, such as microfluidic cooling or heat spreaders. This involves incorporating extremely fine structures into the chip package that dissipate heat where it is generated.

Semiconductor manufacturers must integrate these cooling structures into materials such as silicon carbide. This material is suitable for demanding applications in the semiconductor industry and efficiently dissipates heat. However, manufacturing the required microstructures poses major challenges for the semiconductor industry, as silicon carbide is extremely hard, the required structures are extremely small, and they are difficult to produce using established etching processes.

TRUMPF lasers enable industrial production of cooling structures

This is where TRUMPF's ultrashort-pulse lasers (USP) come into play. "The key advantage of our technology: It is the combination of high laser power, beam-shaping technology, and our many years of application expertise that makes the industrial production of integrated cooling systems in chip stacks possible," says Conrad.

The USP lasers ablate the silicon carbide with micrometer precision and create the fine structures. High precision is crucial for reliable cooling. Compared to etching, ultrashort-pulse lasers enable at least five times the processing speed while delivering excellent surface quality and precise geometry of the cooling structures. This allows the semiconductor industry's requirements for both quality and cost-effectiveness to be met simultaneously. After all, in addition to quality, productivity plays a central role for chip manufacturers.

Please click here to download the media kit.

Digital photographs in print-ready resolution are available to illustrate this press release. They may only be used for editorial purposes. Use is free of charge when credit is given as "Photo: TRUMPF". Graphic editing – except for cropping out the main motif – is prohibited. Additional photos can be accessed at the TRUMPF Media Pool.

The issuer is solely responsible for the content of this announcement.

Find out more about TRUMPF at www.trumpf.com

Hyperpeer

MyRepublic's GAMER+ Broadband Plans

Hyperpeer has also been added to MyRepublic's newly launched GAMER+ broadband plans, further enhancing the ultra-low latency gaming experience enabled by the current custom network routing of optimised routes MyRepublic GAMER broadband users are familiar with.

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New users can activate a complimentary 7-day free trial before selecting a subscription plan with an early bird launch special promo currently ongoing.

Visit https://hyperpeer.net to create an account, start your free trial, and discover the MyRepublic gaming experience.

https://myrepublic.net/sg/

The issuer is solely responsible for the content of this announcement.

The issuer is solely responsible for the content of this announcement.

For more information, visit https://www.cj.co.kr/en/aboutus/business/food

The transaction strengthens STTGDC's ability to execute a strategy already in motion, with long-term capital, increased financial flexibility and the consortium's global infrastructure experience providing continued growth and momentum. Customers will continue to be served by the same leadership team, operating discipline and long-term commitment that have underpinned the company's growth for more than a decade.

Retaining the STTGDC name, the refreshed brand reflects the scale, capabilities and global platform the company has built over more than a decade. It is anchored in Built Ready, expressing STTGDC's focus on delivering the reliable, resilient and AI-ready infrastructure required by customers across Asia, the United Kingdom and Europe.

"Today marks the most important turning point in STTGDC's evolution since we founded the company more than 12 years ago," said Bruno Lopez, President and Group CEO of STTGDC. "The completion of this transaction signals the beginning of a new chapter for our company. We have spent over a decade building a global platform with the scale, capabilities and operating discipline needed to support the next generation of cloud and AI growth. With the KKR-Singtel consortium's investment, we have greater capacity to grow and execute at scale while remaining true to the values and customer commitment that have defined STTGDC from its inception. Our refreshed brand reflects both the company we have become and the responsibility we carry as digital infrastructure becomes increasingly critical to economies, businesses and communities. Built Ready is our commitment to delivering the critical infrastructure our customers need to grow with confidence, while building responsibly and sustaining the trust of governments, customers and communities."

STTGDC enters this phase with strong operating momentum and a substantial development pipeline. Since the end of 2025, operational capacity has increased by 25% to 780MW. In addition, contracted capacity has grown by 50% and annualised earnings before interest, taxes, depreciation, and amortisation (EBITDA) has risen by 30%[1], reflecting continued demand from hyperscalers, cloud service providers, AI customers and enterprises across its markets.

As AI changes the scale, density and complexity of data centre development, the industry's defining challenge is increasingly the ability to convert demand into delivered capacity. This requires more than capital or land. It depends on coordinated planning across power, cooling, design, supply chains, financing and local market conditions, together with the discipline to deliver and operate mission-critical infrastructure reliably.

STTGDC's growth strategy remains focused on markets where customer requirements, power availability, infrastructure readiness, policy alignment and long-term fundamentals support responsible development. With close to 2GW of powered land secured for assets under construction and pipeline development, the company is well positioned to convert customer demand into delivered capacity. Its global platform capabilities and local execution experience enable it to navigate the distinct operating conditions in each market.

This approach guides STTGDC's growth and investment across its global portfolio.

In India, STTGDC has 34 data centres across 10 cities and more than 613MW of IT capacity. The company is strategically scaling its IT load capacity to support the country's expanding digital economy.

In Indonesia, STTGDC has been expanding its Jakarta campus, advancing a development pipeline of more than 360MW of AI-ready IT capacity backed by secured power. Recent development milestones continue to strengthen the company's ability to support Indonesia's growing cloud, AI and digital infrastructure requirements.

Singapore remains strategically important. The selection of STTGDC to develop 50MW of sustainable, AI-ready data centre capacity will support Singapore's continued development as a trusted and resilient hub for AI, digital infrastructure and international connectivity, contributing to the country's strategic, economic and sustainability priorities.

Responsible growth will remain integral to STTGDC's business and operations. With 83.2% of electricity consumption across its operations sourced from renewable energy, STTGDC surpassed its 2028 carbon intensity reduction target three years ahead of schedule. Alongside its environmental commitments, the company works closely with governments, customers and communities to address local priorities and earn the trust that underpins its social licence to operate.

[1] For the period from December 2025 through June 2026

The issuer is solely responsible for the content of this announcement.

For more information, visit www.sttgdc.com.

After taking into account the revaluation loss (net of deferred taxation) on investment properties of HK$192 million (2024/25: revaluation loss of HK$1,084 million), which is a non-cash item, the Group reported a net profit attributable to shareholders of HK$4,589 million for the Financial Year (2024/25: HK$4,019 million). Earnings per share for the Financial Year was HK$0.49 (2024/25: HK$0.45).

Property Sales –Robust sales momentum drives strong segment growth

Attributable segment profit from property sales for the Financial Year, including share from associates and joint ventures, was HK$1,103 million (2024/25: HK$1,021 million), representing an increase of 8.0% year-on-year. Market sentiment gained further traction in the first half of 2026, buoyed by supportive policies, an active financial market, and sustained inflows of talent and overseas students, collectively underpinning housing demand.

The Group won three land tenders during the Financial Year, namely New Kowloon Inland Lot No. 6674 in Jordan Valley, Tuen Mun Town Lot No. 569 in Tuen Mun, and the Kam Sheung Road Station Phase Two Property Development in Yuen Long. The Kam Sheung Road Station Phase Two project represents a major milestone in expanding our footprint in the Northern Metropolis. These strategic investments reflect our disciplined, selective approach to land acquisition, prioritising projects that offer good development value and sustainable returns while maintaining financial prudence.

As at 30 June 2026, the Group had over HK$6.6 billion in attributable contracted sales from projects already launched and sold but not recognised. Subsequent to the Financial Year, the Group launched selected units of La Mirabelle II in Tseung Kwan O, which received an encouraging market response. Together with La Mirabelle I, the two projects have recorded sales of over 1,060 units, reflecting healthy end-user demand and demonstrating market confidence in the quality and appeal of the Group's residential developments.

Looking ahead, the Group has one new residential project scheduled for launch, namely the Wing Kwong Street/Sung On Street Development project. The launch timetable will be subject to the receipt of the relevant pre-sale consent and prevailing market conditions.

A diversified and balanced investment property portfolioreinforces long-term resilience

For the Financial Year, the Group's attributable gross rental revenue, including share from associates and joint ventures, was HK$3,432 million (2024/25: HK$3,486 million), representing a 1.5% year-on-year decline. This decrease was primarily attributable to the continued challenging operating environment in the retail and industrial sectors, partly offset by increased contributions from the residential portfolio and improved office occupancy. Overall occupancy of the Group's investment property portfolio improved to 90.0% during the Financial Year (2024/2025: 89.6%), representing an increase of 0.4 percentage point compared with last year, reflecting improved business sentiment and stronger tenant confidence.

Hong Kong remains well positioned to benefit from the Central Government's ongoing support for deeper economic integration, the continued development of the Greater Bay Area and new growth drivers associated with the Northern Metropolis. To strengthen tenant sales and foot traffic, the Group continues to roll out targeted marketing and promotional campaigns while leveraging the growing Sports Economy to attract customers and enhance retail experience. These initiatives have delivered positive results, with the Group's major flagship malls recording year-on-year growth in visitor traffic. The office sector is also showing encouraging signs of stabilisation supported by robust financial market activity and supportive government measures.

As at 30 June 2026, the Group has approximately 13.6 million square feet of attributable floor area of investment properties and hotels in the Chinese Mainland, Hong Kong, Singapore and Sydney.

Hotel Operations – Continuousimprovement in occupancy rates

For the Financial Year, the Group's hotel revenue, including attributable share from associates and joint ventures, was HK$1,565 million compared to HK$1,506 million in the last year, and the corresponding operating profit was HK$519 million (2024/25: HK$475 million).

Tourist arrivals to Hong Kong continued to recover steadily in the first half of 2026, supported by the HKSAR Government's ongoing efforts to promote integrated culture, sports and tourism initiatives. With a strong pipeline of mega-events and the opening of the new Terminal 2 at Hong Kong International Airport, the Group remains positive in the outlook for Hong Kong's tourism sector.

With solid fundamentals and a strong balance sheet, the Group is well-positioned to capitalise on opportunities

"Hong Kong's economy demonstrated encouraging momentum in the first half of 2026, supported by vibrant capital market activity, resilient external trade and continued growth in visitor arrivals. Real GDP expanded by 5.1% year-on-year, marking the strongest half-year growth in nearly five years, while IPO fundraising reached a five-year high in the first half of the year. The improving macroeconomic environment supported steady performance across key sectors of the economy.

The HKSAR Government is formulating Hong Kong's first Five-Year Plan, which is expected to provide a strategic roadmap for the city's long-term development, strengthen its competitive advantages and create new growth opportunities, with particular emphasis on the Northern Metropolis. In line with the National 15th Five-Year Plan, which states the accelerated development of the Northern Metropolis as a key priority of Hong Kong's future growth engine, the Group, together with our distinguished corporate partners, was honoured to be awarded the HSK Pilot Area project. We have full confidence in Hong Kong's prospects and hope that, through cross-sector collaboration, we can help bring together diverse expertise to contribute to the region's innovation and technology development. In the HKSAR Government's first Five-Year Plan, the Chief Executive also highlighted the pivotal role of the Northern Metropolis in enriching the housing ladder and creating more opportunities and space for home ownership. We are committed to bringing high-value industries and a quality living community to the Northern Metropolis, providing more housing and employment opportunities while enhancing connectivity between Hong Kong and cities across the Greater Bay Area.

Looking ahead, Hong Kong remains well positioned for continued growth, underpinned by vibrant financial market activity, successful talent attraction policies, growing international student enrolment, rising visitor arrivals and ongoing enhancements to cross-boundary transport infrastructure. The Group will continue to uphold prudent financial management and enhance operational efficiency. Supported by a solid financial position and forward-looking strategies, we are well positioned to navigate market fluctuations, capture growth opportunities, and create long-term value for our stakeholders," said Daryl Ng Win Kong, Chairman of Sino Land.

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The company also highlights the completion of SCX Logistics Bangna Km.20, an 80,000 sq.m. logistics development that embodies SC's three promises: Quality, Care, and Responsibility. Combining a strategic location, total cost efficiency, flexibility, and future readiness, SCX Logistics is designed to meet the increasingly complex needs of the industrial sector. The company plans to expand across the strategic Bangna and EEC corridors by a further 200,000 sq.m. by 2027.

Rachod Nantakwang, Chief Executive Officer of SCX Corporation Co., Ltd., said that SCX continues to advance SC Group's recurring-income businesses to build a stronger and more sustainable foundation for long-term growth. SCX Logistics is a key part of this strategy, and the company remains committed to its 2029 roadmap to expand its logistics portfolio from 200,000 sq.m. at the end of 2025 to more than 1,000,000 sq.m. in strategic logistics locations nationwide. The objective is to create greater value for customers while developing infrastructure that genuinely meets business needs.

"The warehouse market continues to experience strong demand. However, customer requirements today are markedly different from the past. Customers no longer assess warehouses solely on rental rates per square metre. They consider the entire production and logistics ecosystem: locations that reduce transportation time, flexible functionality that can adapt to future change, clean-energy solutions that support business sustainability, and, critically, a warehouse partner that can work alongside them to solve their business challenges.

We understand these evolving needs. This understanding has earned us the trust of customers across a wide range of industries and contributed to SCX Logistics achieving revenue growth of more than 240% in the first half of 2026, compared with the same period last year," Rachod said.

SCX has consistently upheld SC's three promises: Quality, Care, and Responsibility. The company also applies SC's strengths in Design, Function, and Trust to its logistics developments, placing a strong emphasis on understanding each customer's operations from the outset. This enables SCX Logistics to design spaces around actual business requirements, from building layouts and transportation flows to loading and unloading areas, as well as future energy and technology needs.

This approach is reflected in SCX Logistics Bangna Km.20, which has recently been completed across the full 80,000 sq.m. development. The project demonstrates SCX's customer-centric approach to warehouse development, beginning with an understanding of customer requirements rather than a building concept. The project is currently fully occupied, with an occupancy rate of 100%.

SCX Logistics Bangna Km.20 is located on Bangna-Trad Road at Km.20 in Samut Prakan, on a site of more than 90 rai. It is a strategic location for logistics and transportation, serving warehouses, distribution centres, and industrial facilities across a range of sectors. The development offers both ready-built buildings and built-to-suit solutions tailored to specific customer requirements.

The project serves international customers from Asia and Europe across industries including logistics, manufacturing, data centres, and digital infrastructure.

Rachod added that SCX Logistics' expansion plans for 2026 and 2027 will focus on strategic locations that play an important role in Thailand's logistics network. Under the concept "Corridor, Not Just Land," SCX selects investment locations based on the role each area plays in the supply chain and its ability to connect businesses with regional markets, rather than simply on the size of the land plot.

The company plans to add approximately 200,000 sq.m. of logistics space across key locations, including Bangna, Laem Chabang, Amata Chonburi, and the Eastern Economic Corridor (EEC). This expansion is expected to bring SCX Logistics' total warehouse portfolio to approximately 400,000 sq.m. by the end of 2027.

"Each location plays a distinct role in supporting our customers' businesses. Bangna is a key connection between Bangkok, Suvarnabhumi Airport, and the EEC. Laem Chabang is an important gateway for international trade, while Amata and the EEC are among the country's major manufacturing bases.

We therefore do not see ourselves simply as a warehouse developer and operator. We aim to be an infrastructure partner that can deliver solutions tailored to the needs of customers across industries, while contributing to the development of Thailand's infrastructure and supporting investment that drives national economic growth," Rachod said.

SCX Logistics will continue to be a new and recurring source of income for SC Group over the long term. The company expects SCX Logistics' full-year revenue to grow by approximately 280% from the previous year.

SCX Corporation operates under the vision "The Prospering Expedition" and the mission "The Way Forward," with a focus on exploring new business opportunities that generate consistent recurring income over the long term.

Its portfolio includes SCX Logistics, which operates the warehouse business and has developed five projects totalling more than 200,000 sq.m. in strategic locations; SCX Hospitality, which operates hotels in Bangkok and other key destinations, including KROMO Bangkok, Curio Collection by Hilton, The Standard Pattaya Na Jomtien, and YANH Ratchawat; and SCX Working Solutions, which operates more than 120,000 sq.m. of office space, including Shinawatra Tower 3.

SCX's growth is supported by a diverse and capable team, strong strategic partnerships, and a corporate culture that places customers and the environment at the heart of business development.

https://www.scx.co.th/en

The issuer is solely responsible for the content of this announcement.