The Phase Two commercial launch introduces a diverse mix of global first stores, designer labels, and flagship concepts that reinforce Westbund Central's position as a new downtown in Shanghai. New tenants include international icons such as Issey Miyake, the multi-brand boutique SND, Leica Store & Gallery, artisanal Swiss chocolatier House of Läderach, and design houses HAY and Paulmann.

With a planned total gross floor area of more than 1.7 million square metres, Westbund Central is the Company's largest-ever single investment and brings together a diversified commercial mix that includes more than 600 international retail and lifestyle brands, 180 food and beverage operators, more than 50,000 square metres dedicated to cultural and art facilities, as well as 650,000 square metres of premium Grade A offices that will house occupiers including globally renowned companies such as adidas and lululemon.

While Phase One centred on food and beverage, cafes, and sports and leisure facilities, Phase Two enhances the district's prestige by focusing on designer lifestyle brands. Looking ahead, Phase Three will introduce a cluster of global luxury maison flagships to further boost the district's international appeal. Around 12,000 square metres of retail space is already open, with an additional 30,000 square metres opening within this year.

Michael T. Smith, Group Chief Executive of Hongkong Land, said: "Westbund Central is a fresh and dynamic example of our strategic focus to develop ultra-premium, integrated commercial districts in Asia's leading gateway cities. As Hongkong Land's largest single investment to date and our flagship China property, Westbund Central is one of the most significant projects in the company's portfolio and designed to deliver sustained long-term value."

Stuart Grant, Chief Executive of Westbund Central, said: "Westbund Central is being shaped as Shanghai's new downtown and we are incredibly proud to build one of the largest mixed-use properties in the world that redefines modern urban living. We are creating a globally renowned 'city within a city' where the finest quality office, retail, residential and hospitality components converge in a single vibrant destination where people can truly enjoy life."

As further phases are delivered, Westbund Central will continue to reinforce its position as one of Shanghai's most significant integrated commercial districts and a cornerstone of the company's long-term growth strategy in its portfolio.

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

The Ritz-Carlton Can Gio is located at a prime riverside site in the heart of the Vinhomes Green Paradise coastal mega-urban area and is expected to open in Q4 2027.

The hotel will feature 9 floors and approximately 250 keys, with room sizes ranging from 50 to 500 sqm, including suites and pool villas. Facilities include six restaurants and bars, two swimming pools, a spa integrating hydrotherapy and thermal wellness, meditation spaces, a fitness center, beauty salon, and the Ritz Kids club. The event space will comprise three function rooms totaling approximately 540 sqm, catering to a wide range of meetings and events.

Can Gio Marriott Hotel, located adjacent to the opera house and near the golf course and sports complex within the coastal mega-urban area, is also scheduled to open in Q4 2027.

The hotel will rise 25 floors and offer approximately 450 rooms ranging from 40 to 160 sqm, including premium suites. Amenities include an M Club Lounge, a system of restaurants and bars, a swimming pool, Quan Spa, and a sports club. Additionally, the hotel will provide approximately 1,570 sqm of meeting and event space, including two ballrooms, catering to large-scale events.

Together, The Ritz-Carlton and Marriott Hotel will deliver approximately 700 rooms, featuring a diverse range of accommodations, from standard rooms and suites to villas, supported by a comprehensive ecosystem of premium amenities and world-class five-star infrastructure.

The development and operational collaboration will be managed by Vinpearl, a member of Vingroup. With extensive experience in luxury hospitality, Vinpearl will oversee and directly implement operations to ensure the effective performance of these international hotel brands, contributing to the positioning of luxury service standards commensurate with a global "urban wonder" such as Vinhomes Green Paradise Can Gio.

Gautam Bhandari, Chief Development Officer for Asia Pacific (excluding China) at Marriott International, stated:"Marriott International's long-standing partnership with Vingroup has helped shape Vietnam's hospitality market over the years. We currently operate 11 hotels with Vinpearl, a member of Vingroup, and have several projects under development. With Vingroup's visionary approach, commitment to excellence, and strong core values, we are confident that this project will not only deliver high-quality accommodations but also elevate the destination and create sustainable value for the local economy."

Ms. Ngo Thi Huong, Chief Executive Officer of Vinpearl Joint Stock Company, added:"Our collaboration with Marriott International to bring The Ritz-Carlton, Can Gio and Can Gio Marriott Hotel represents a strategic step toward introducing global luxury service standards to Vinhomes Green Paradise Can Gio. Beyond developing internationally branded hotels, we aim to build a fully integrated service ecosystem, enhancing customer experience, strengthening operational capabilities, and aligning service quality with global standards, so that residents and visitors can enjoy international-level experiences right here in Vietnam."

Previously, Vinhomes Green Paradise Can Gio partnered with IHG Hotels & Resorts to develop four hotels with a total of 1,000 rooms. The presence of international brands such as IHG Hotels & Resorts and Marriott International not only expands accommodation capacity but also significantly enhances the project's ability to attract global visitors. This forms a critical foundation for the coastal mega-urban area to elevate experiences and move closer to its goal of becoming a world-class residential, tourism, and resort destination.

Vinhomes Green Paradise Can Gio is a 2,870-hectare coastal mega-urban development located in the southeastern part of Ho Chi Minh City, featuring three sides facing the sea and adjacent to a 75,000-hectare biosphere reserve recognized by UNESCO. The project benefits from major infrastructure connectivity, including the Ben Thanh - Can Gio high-speed railway (reducing travel time to 13 minutes from central Ho Chi Minh City), the Can Gio Bridge, the Rung Sac - Ben Luc - Long Thanh interchange, and the Can Gio - Vung Tau coastal expressway.

A distinctive feature of the project is its integrated Green - Smart - Ecological & Regenerative model aligned with leading global ESG++ standards. Alongside its spectacular natural setting and green living environment, the development offers a synchronized amenity system and unique highlights, including the 122-hectare VinWonders theme park featuring the world's tallest artificial snow mountain and nearly 200 attractions; the 800-hectare Paradise Lagoon; Landmark Harbour international port; the 5,000-seat Song Xanh Opera House; an international-standard golf course; and a portfolio of five-star accommodation. These elements form the foundation for Vinhomes Green Paradise Can Gio to emerge as a new "urban wonder", with the capacity to welcome up to 40 million visitors annually in the future.

https://vinhomes.vn/en

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

For more information, please visit www.marriott.com and www.marriottnewscenter.com

A panorama of Intel facility at Saigon Hi-Tech Park in Ho Chi Minh City

According to the report, Intel’s Vietnam facility at the Saigon Hi-Tech Park (SHTP) has consistently played a key role in the corporation’s global semiconductor manufacturing supply chain.

As part of its manufacturing restructuring strategy, Intel has been relocating a portion of its assembly, packaging and testing operations from Costa Rica to Vietnam to produce chip products for servers used in data centres and next-generation network connectivity.

At present, Intel is focusing on deepening investment and transferring advanced semiconductor packaging and testing technologies to enhance Vietnam’s production capabilities.

This includes the Panther Lake and Wildcat Lake processors, built on the most advanced 18A technology, integrating AI capabilities and enhanced graphics support to optimise performance and improve energy efficiency.

After 20 years of presence in Vietnam, the facility at the Saigon Hi-Tech Park has become the largest assembly and test site within Intel’s global manufacturing network, with cumulative output from 2010 to 2021 exceeding three billion units.

The plant, covering 46.6 hectares, has a total investment value approximating $1.5 billion, accounting for nearly 30 per cent of the total registered investment in the Saigon Hi-Tech Park.

Intel Products Vietnam has recorded steadily rising export value, reaching $10.31 billion in 2023, $11.41 billion in 2024, and $11.67 billion in 2025.

Exports are projected to set a new milestone of $14.6 billion in 2026, an increase of 25 per cent compared to 2025.

Beyond its contribution to Ho Chi Minh City’s economic development, Intel’s facility at SHTP directly creates more than 2,700 high-skilled technical jobs, with average income levels approximately three times higher than the general average of conventional FDI in the city.

In addition, Intel has supported Vietnam’s workforce training by sponsoring a semiconductor packaging and testing line comprising 13 specialised pieces of equipment for the SHTP Training Centre.

The SHTP Training Centre is currently completing its cleanroom and is scheduled to launch its hands-on training workshop on May 31.

Dutch firm BESI to invest additional $42 million to expand chip equipment project in SHTP BE Semiconductor Industries NV (BESI) from the Netherlands plans to inject a further $42 million into its factory that produces equipment for the microchip packaging and testing process in Saigon High-Tech Park (SHTP).

CMC greenlit for $250 million hyperscale data centre in Saigon Hi-Tech Park CMC Corporation has secured approval to build a $250 million hyperscale data centre in Saigon Hi-Tech Park, marking a major step in Vietnam’s digital infrastructure push.

Sembcorp gets approval for AI-ready data centre in Ho Chi Minh City Sembcorp Development has received investment approval for a hyperscaled and AI-ready data centre campus in Ho Chi Minh City, through its joint venture with StarMason JSC.

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

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

Innovation in Logistics Technology Solutions in CEV

Headquartered in Singapore, SingAuto operates through its subsidiaries in Singapore and the Middle East to design, produce and manufacture CEVs. SingAuto has completed the research, development and testing of its flagship new energy refrigerated commercial vehicle, S1, covering application scenarios for increasing delivery efficiencies of frozen, chilled and fresh produce with pharmaceutical products in the same vehicle during the same shipment. SingAuto imports semi knocked-down (SKD) parts from original equipment manufacturers to the Middle East and manufactures direct to consumer in the cold-chain logistics space and licenses its technology, patents and other services to other companies. SingAuto's competitive advantages are characterized by its unique business models, technology innovations and an experienced management team.

Management Comments

"As a serial entrepreneur, I am extremely excited about the future of new energy, intelligent refrigerated trucks and the rapid technological evolution in the cold-chain logistics industry," said Yuqiang Liu, the Chairman and Chief Executive Officer of SingAuto. "We focus on not only the technology revolution of the cold-chain logistic industry, but also the seamless integration of artificial intelligence into our products. The business combination will strengthen our market presence and allow us to accelerate our business plan and growth. For our next step, we plan to leverage on our expertise and expand our products and services to reach a wider audience base."

"Our team has been actively and diligently searching for a target to add value to our shareholders, and we are fortunate enough to find this opportunity to partner with the team at SingAuto," said William S. Rosenstadt, the Chief Executive Officer of Blueport. "We believe SingAuto is a uniquely compelling company with green cold-chain logistics technology solutions for smart commercial electric vehicles that will benefit from being a public company."

Transaction Overview

Under the terms of the Business Combination Agreement, Blueport will merge with and into NeoCryo Inc., a Cayman Islands exempted company and a wholly-owned subsidiary of Blueport ("Purchaser"), with Purchaser as the surviving entity (the "Reincorporation Merger"), and (ii) at least one business day following the Reincorporation Merger, NeoCryo Merger Sub Ltd, a Cayman Islands exempted company and a wholly-owned subsidiary of Blueport ("Merger Sub"), will merge with and into SingAuto, with SingAuto as the surviving entity and a wholly-owned subsidiary of Purchaser (the "Acquisition Merger"). Purchaser upon consummation of the Proposed Transactions is referred to as "PubCo."

Upon the closing of the Reincorporation Merger, (i) each issued and outstanding unit of Blueport will automatically separate into its individual components of class A ordinary shares and rights, (ii) each issued and outstanding class B ordinary shares of Blueport will be converted into one class A ordinary share of Blueport, (iii) each issued and outstanding class A ordinary share of Blueport will be converted into one ordinary share of Purchaser, and (iv) each right of Blueport will be converted into a right to receive one-sixth of one ordinary share of Purchaser at the closing of the Proposed Transactions.

Upon the closing of the Acquisition Merger, shareholders of SingAuto will receive approximately, 120,000,000 ordinary shares of PubCo, valued at $10.00 per share, based on the merger consideration of USD$1.2 billion.

The Proposed Transactions have been unanimously approved by the boards of directors of both Blueport and SingAuto. The Proposed Transactions are expected to close by end of 2026, subject to regulatory and shareholder approvals, and other customary closing conditions, including that the U.S. Securities and Exchange Commission (the "SEC") completes its review of the Proxy statement/Prospectus relating to the Proposed Transactions and approval by Nasdaq to list the PubCo ordinary shares. No assurances can be made that the Proposed Transactions will be consummated on the terms or time frame currently contemplated, or at all.

SingAuto's Chairman and Chief Executive Officer, Yuqiang Liu, is expected to continue to lead PubCo after the closing of the Proposed Transactions.

Additional information about the Proposed Transactions, including a copy of the Business Combination Agreement, will be provided in a Current Report on Form 8-K to be filed by Blueport with the SEC and will be available at www.sec.gov.

ADVISORS

Loeb & Loeb LLP is acting as U.S. legal counsel to Blueport and Ogier is acting as Cayman legal counsel to Blueport. Robinson & Cole LLP is acting as U.S. legal counsel to SingAuto, ShookLin & Bok is acting as Singapore counsel to SingAuto and Ogier is acting as Cayman legal counsel to SingAuto.

Operating a conglomerate with a portfolio as diverse as JG Summit's presents a unique set of management challenges. Conglomerates often face significant operational complexity, stemming from the need to manage disparate business models, supply chains and service requirements across unrelated industries.

JG Summit's business portfolio spans multiple industries, including consumer foods, air transportation, and real estate, among others, creating a complex operating environment with diverse IT and service requirements. The engagement is intended to help address this complexity by establishing more consistent and governed IT processes through the unified ServiceNow AI Platform.

JG Summit sought an advisory-led approach and strategic partner to maximize the value of the ServiceNow AI Platform and improve IT workflows and user experience. Cognizant brings deep ServiceNow expertise and managed services experience, providing ServiceNow managed services, licensing, implementation and support to JG Summit through a transparent, right-sized model designed to improve cost predictability and scale over time.

Under the engagement, Cognizant is expected to deploy ServiceNow IT Service Management (ITSM) Professional, IT Asset Management and Strategic Portfolio Management (SPM) capabilities to establish a unified platform for helping automate IT service processes, track hardware and software assets, and govern project demand and portfolios.

The project aims to deliver a centralized, audit‑ready IT asset repository, improve visibility into software licenses and entitlements and introduce a structured demand and project management framework aligned to business priorities. Cognizant is expected to implement Hardware Asset Management (HAM) and Software Asset Management (SAM Pro) to support end‑to‑end asset visibility and control, including license compliance, audit readiness and cost management through normalization and reclamation.

The solution aims to accelerate deployment, reduce technical debt and support upgrade‑safe sustainability. It is designed to support mobile‑first service delivery and establish an AI‑ready foundation for advanced automation and agentic AI, positioning JG Summit to adopt next‑generation ServiceNow capabilities without platform re‑architecture.

Strategic Portfolio Management is expected to enable structured demand intake, portfolio visibility and prioritization aligned to business strategy, strengthening governance, transparency and resource utilization. The program also includes embedded training and knowledge transfer to support sustainable internal ownership and long‑term operational control.

Tina Alvarez, Chief Digital and Information Officer of JG Summit Holdings, Inc. said "We are looking forward to further upgrading our IT capabilities to deliver faster, more reliable and secure services across our businesses, while strengthening governance and transparency. This unified platform enables us to simplify and improve user experience, while building a foundation for sustainable innovation."

Melissa Ries, Group Vice President and Managing Director, Asia at ServiceNow said "JG Summit's decision to standardize on the ServiceNow AI Platform reflects what we see across some of the world's most complex enterprises: the need for a single platform that can help bring consistency, governance and visibility across diverse operations. With this foundation in place, JG Summit is creating the conditions for AI to operate with the appropriate safeguards, at scale and across business units."

"JG Summit operates a complex group environment, and this engagement focuses on establishing consistent, governed processes on a single platform," said Thomas Mathew, Vice President, ASEAN and Greater China, at Cognizant. "Our role is to bring ServiceNow expertise, managed services experience and local delivery capabilities to help strengthen governance and improve visibility for JG Summit so they can focus on delivering value to their stakeholders."

Cowie joined accesso as Chief Operating Officer eighteen months ago, bringing with him more than 15 years of senior international experience in technology leadership across the leisure and hospitality sectors. He spent seven years at Merlin Entertainments, most recently as Chief Technology Officer, providing technology leadership across more than 125 visitor attractions in 28 countries. He holds an MBA from Henley Business School and a BSc from Imperial College London.

He succeeds Steve Brown, who founded the company's namesake accesso business in 2008 and has led the company as CEO in recent years, establishing it as the operational technology backbone for more than 1,100 venues across 31 countries spanning the attractions, ski, hospitality and live entertainment industries.

"This transition has been carefully planned, and I'm leaving the business in very good hands. Accesso has a strong foundation, a talented team and expanding data intelligence capabilities that position it well for its next phase of growth. Lee's deep experience in this industry, his unique view as a former client, and his understanding of what operators need, makes him the right person to lead the business forward," said Steve Brown, outgoing CEO, accesso.

"Accesso has spent 25 years building the infrastructure and ecosystem that operators trust with the moments that matter most. My focus from here is on making that infrastructure more intelligent, more connected, and simpler for the operators and visitors who depend on it. The AI era is coming into our industry and we are ready for it," said Lee Cowie, CEO, accesso.

Cowie's strategic priorities center on three areas: the development of accesso IntelligenceSM, the company's AI-powered analytics and forecasting platform built on the acquisition of Dexibit®; an integrated payments strategy designed to simplify transaction economics for operators and visitors; and a programme of integration work across accesso's product estate to deliver a connected experience across ticketing, queuing, point of sale, membership and guest experience.

More details about Cowie's priorities are shared in a blog piece published today on the accesso website.

Recognizing that carbonic anhydrase IX (CAIX) expression is also observed in other renal cancer subtypes^[4], this subsequent analysis conducted by international investigators who participated in ZIRCON Phase 3 trial^[5], evaluated centrally reviewed imaging and pathology data to explore whether tracer uptake in renal masses correlated with malignancy beyond ccRCC.

The analysis demonstrated that positive PET findings were highly predictive of malignancy overall, including in non-clear cell renal cell carcinoma (nccRCC), with a reported positive predictive value (PPV) of 98% (95% CI, 96–99), sensitivity of 82% (95% CI, 82–90), and specificity of 87% (95% CI, 81–93). These exploratory scientific findings suggest TLX250-Px has applications beyond the detection of ccRCC in primary renal masses and may have implications to management of nccRCC.

Aboubacar Kaba, MD, urologist at the University of California, Los Angeles and corresponding author, commented: "This analysis shows that when TLX250-Px PET/CT is positive, it is highly predictive of renal malignancy, including beyond ccRCC. Thus, the utility of this test may be important in distinguishing more hypoxic, and therefore, aggressive disease from indolent tumors with clear treatment implications. This may provide an additional tool to aid in risk stratifying or guiding patient and clinician decisions in the treatment of renal masses."

Dr. David N. Cade, Group Chief Medical Officer at Telix, added: "Publication of these data in European Urology reflects the scientific strength of the ZIRCON trial and the robustness of its central imaging and pathology review. While ZIRCON was designed to address ccRCC, this analysis supports continued evaluation of TLX250-Px PET imaging across a broader spectrum of renal malignancies, with potential application in the management of patients with non-clear cell RCC. Furthermore, essentially all false-positives for ccRCC in the ZIRCON study have now been shown to be other malignant kidney cancer subtypes, reducing the risk of overtreatment and further supporting clinical adoption."

The full paper is available at: https://www.europeanurology.com/article/S0302-2838(26)02037-3/fulltext.

These findings are based on exploratory analyses and were not the basis of Telix's Biologics License Application (BLA) submission for TLX250-Px, which focuses exclusively on detection of ccRCC in primary renal masses.

About TLX250-Px

TLX250-Px is a PET imaging candidate under development for the diagnosis and characterization of ccRCC, and included in leading international guidelines for renal imaging^[6]. It works by specifically binding to carbonic anhydrase IX (CAIX), a validated target protein expressed on >95% of ccRCC cells^[7], to produce images with high tumor-to-background ratio and high intra- and inter-reader consistency.

Telix's pivotal Phase 3 ZIRCON trial evaluating TLX250-Px in 300 patients, of whom 284 were evaluable, met all primary and secondary endpoints, including showing 86% sensitivity and 87% specificity and a 93% positive predictive value (PPV) for ccRCC across three independent radiology readers^[8]. Telix believes this demonstrated the ability of TLX250-Px to reliably detect the clear cell phenotype and provide an accurate, non-invasive method for diagnosing and characterizing ccRCC.

ZIRCON-X, a noninterventional, prospective, post hoc study using imaging data from ZIRCON, found that almost half of all patients (48.6%) would have undergone a change in clinical management if imaged with TLX250-Px, compared with baseline standard-of-care (SOC) imaging, and that more than 20% could potentially have avoided an invasive biopsy^[9].

For more on TLX250-Px and Telix's theranostic kidney cancer program, click here.

TLX250-Px has not received a marketing authorization in any jurisdiction.

On May 4, the ratings agency reconfirmed Vietnam's Ba2 credit rating, noting that institutional quality and governance are improving, supported by administrative, regulatory, and public-sector reforms that have gained traction since late 2024. Vietnam's economic competitiveness continues to strengthen through accelerating digitalisation, infrastructure investments, workforce upskilling, and capital market development.

In addition, downside risks from US trade measures have eased relative to earlier expectations, while Vietnam has demonstrated resilience through strong economic growth and sustained foreign direct investment inflows, reinforcing its position in global supply chains.

The affirmation of the Ba2 rating reflects Vietnam's strong growth potential, improving macroeconomic stability and sustained attractiveness as a foreign investment destination. Low and stable government debt, strong debt affordability and declining reliance on external financing support credit strength, while risks from banking system vulnerabilities, the property sector and relative institutional weaknesses, although improving, continue to constrain the rating.

Vietnam's local- and foreign-currency ceilings remain unchanged at Baa2 and Ba1, respectively. The Baa2 local currency ceiling, three notches above the sovereign rating, reflects relatively opaque government decision-making and the significant, though reducing, government footprint in the economy, balanced by moderate political risks and low external imbalances.

The foreign currency ceiling at Ba1, two notches below the local currency ceiling, reflects a managed FX and capital account framework that implies existing constraints on capital flows, under which transfer or convertibility restrictions could be tightened during periods of acute external stress, though actual recourse to such measures has been limited and policy credibility remains strong.

Moody's pointed out that the Ba2 rating remains constrained by structural weaknesses that continue to weigh on Vietnam's credit profile, despite gradual improvement. Vulnerabilities in the banking system and the property sector pose contingent liability risks, given the size of the financial system relative to the economy and banks' exposure to real estate developers, although ongoing regulatory and sectoral reforms are expected to mitigate these risks over time.

In addition, geopolitical developments, including the conflict in the Middle East, are creating near-term headwinds through higher energy prices, shipping costs and inflationary pressures. However, Moody's assesses Vietnam to be resilient to these shocks due to strong growth fundamentals, robust external buffers, low foreign currency exposure and a diversified energy and export structure.

As a result, while such pressures may weigh on near-term economic performance, they are unlikely to materially weaken Vietnam's credit profile at the current rating level.

Moody's backs Vietnam's bid to boost credit ratings Deputy Minister of Finance Tran Quoc Phuong met with a high-level delegation from the international credit rating agency Moody's Ratings at the Ministry of Finance (MoF) on May 16.

Fitch upgrades Vietnam's long-term senior secured debt instruments Fitch Ratings has revised its assessment of Vietnam’s sovereign debt, reflecting updates to its rating methodology and recovery assumptions.

Maybank highlights Vietnam’s path to sovereign upgrade at VIR workshop Vietnam's government should be focusing on gaining an upgrade to its sovereign rating as it attempts to mobilise funds for its nation-building ambitions.

Dmall Inc. (02586.HK) is supporting this shift with a unified retail operating platform that connects core retail functions, improves execution efficiency and enhances visibility across stores, supply chains and customer touchpoints.

As one of China's largest retail digital solutions providers by revenue and gross merchandise volume, Dmall serves nearly 600 retail clients across 11 countries and regions. Its platform has been shaped by large-scale deployments in complex retail environments, including long-standing work with Wumart Group, Metro, Lawson, 7-Eleven South China and SM Group in Southeast Asia.

Dmall's recent collaboration with Cold Storage Singapore marks a milestone in supporting retail digital transformation across Southeast Asia. Completed within seven months, the project covered 87 stores across supermarket, hypermarket and express formats, consolidating multiple systems into a single platform across supply chain, merchandising and store operations.

"The transition was completed with minimal disruption to our operations," said Mr. Lim Boon Chiong, Managing Director of Cold Storage Singapore. "We are seeing early improvements in product availability and replenishment, supported by better visibility across our supply chain and store network."

The platform has also contributed to more consistent store execution and a more reliable customer experience. The first phase provides a foundation for the next stage of development, including AI-driven capabilities to further support product availability, freshness management and operational efficiency.

Dmall and Cold Storage Singapore plan to extend their cooperation to the fuel and convenience store format in June 2026, reflecting a deepening partnership and a shared commitment to creating greater operational value across retail formats.

"Southeast Asia is one of the world's most dynamic retail markets, but also one of the most operationally complex," said Mr. Zhongwei Ren, Partner and Chief Strategy Officer of Dmall. "By combining operational integration with AI-driven capabilities, Dmall aims to help retailers build more adaptive, scalable and efficient operations."

The visual side of content creation has been transformed by AI over the past few years, but music has not kept pace. Most video makers still score their work by searching music libraries, trimming tracks to fit and manually syncing audio to their edit. It is slow, subjective and often the last bottleneck before publication. Music has remained the last unsolved layer in the AI video content stack.

AI music tools have sped up part of that process, but most still start with text input. Users have to describe genre, tempo, mood and duration in words, then hope the result fits. Sonilo skips that step. Creators simply upload a video, and the platform analyzes it and generates a matching soundtrack automatically.

"The information needed to score a video is already inside the video — so why are we still writing prompts?" said Shawn Song, CEO of Sonilo.

Sonilo uses AI-powered emotional detection and dynamic music structuring to read a video's timing, pacing, structure and emotional arc, then generates a matching track. The music adapts to the video, not the other way around.

The platform produces music that automatically matches the exact duration of the input content, with a natural musical ending rather than an abrupt cut or loop. The soundtrack is beat-matched to specific moments and transitions in the video, and aligned to its emotional tone. Generation happens in real time, so creators can begin previewing audio before the full track has rendered.

Rather than producing a single result, Sonilo generates multiple soundtrack variations from the same footage. Filmmakers can compare different styles and choose the version that best fits their project. For further control, they can fine-tune the style, mood, pacing or instruments through text input, or start from a text description entirely.

All output is production-ready and cleared for commercial use with no additional licensing required, whether for social content, ads, product videos or broadcast.

Sonilo is already live on ComfyUI, where it is available as a native node to a community of 4 million users. The platform also provides an API layer, enabling video platforms, creative tools and AI systems to integrate music generation as a native part of their workflow.

"We see music generation becoming a default layer of video creation," said Song. "Every piece of content, at any scale, should be able to have a perfectly aligned soundtrack from the moment it's made. That is what we are building toward. As video generation becomes faster and more automated, the need for real-time, adaptive music has become increasingly critical."

These results indicate a pharmacokinetic profile distinct from oral PDE5 inhibitors, consistent with rapid-onset, on-demand use.

The interim results indicate that the Study has characterised the key pharmacokinetic parameters requested by the FDA, including rapid absorption, repeat-dose behaviour, and consistency across adult and geriatric populations, subject to final statistical analysis.

The treatment phase of the Study has been completed, and a preliminary analysis of the data has been undertaken. The analysis demonstrates a rapid-onset pharmacokinetic profile and favourable safety in both adult and geriatric populations. The Study was designed in accordance with FDA Pre-IND guidance and supports LTR Pharma's planned 505(b)(2) development pathway.

Statistical analysis of the dataset is ongoing. Full results, including final pharmacokinetic, safety, and dose-proportionality analyses, are expected to be released in Q3 CY2026.

Key Metrics: Interim Phase II Pharmacokinetic Data

The data are interim and based on 27 subjects. Final statistical analysis remains ongoing. Cmax values expressed as mean ± standard deviation. n.a. = not applicable. Observed lower Cmax relative to oral vardenafil is consistent with the lower dose, while maintaining rapid systemic exposure.

Study Findings

The treatment phase of the SPONTAN Phase II clinical study has been completed, and a preliminary analysis of the data has been undertaken. The primary objectives of the Study, as agreed with the FDA, were to characterise single- and multiple-dose pharmacokinetics of intranasally delivered vardenafil (SPONTAN), to evaluate the effect of intranasal delivery on drug accumulation following repeat dosing, and to assess pharmacokinetic differences between adult and geriatric populations.

Onset of action. SPONTAN (5 mg vardenafil) demonstrated a median Tmax of 10 minutes, compared with a median Tmax of 60 minutes for the 20 mg vardenafil oral tablet. The Tmax range for SPONTAN (5 mg) was 10–15 minutes, compared with 30–180 minutes for the oral tablet.

Geriatric profile. Pharmacokinetic profiles in subjects ≥65 years were comparable to those in the adult cohort, with no apparent differences observed in the dataset, and the median Tmax of 10 minutes for SPONTAN (5 mg) was maintained across both age groups. These findings address a key FDA requirement and may support use across age groups.

Drug accumulation. Intranasal administration of SPONTAN (5 mg) over five consecutive days did not result in drug accumulation, with an accumulation ratio of 1.0 ± 0.9, consistent with the multiple-dose study objectives agreed with the FDA.

Safety and tolerability. Preliminary safety analysis did not identify any new or unexpected treatment-emergent adverse events. Across all three dose groups, no serious adverse events, no Grade 3 or 4 treatment-emergent adverse events, and no treatment-related discontinuations were observed in the interim dataset.

Clinical and Commercial Relevance

Oral PDE5 inhibitors require advance planning, with onset times ranging from approximately 30 minutes to over 2 hours. Dropout rates exceeding 50% have been reported in the published literature, with lack of spontaneity a consistently cited reason for discontinuation.^[1]

The data indicate a rapid-onset profile relative to oral PDE5 inhibitors, which may be relevant for patient adherence given reported discontinuation rates associated with delayed onset. Consistent pharmacokinetics in the geriatric cohort may be relevant across age groups, subject to final analysis and regulatory review.

Regulatory Pathway

The Phase II PK Study was specifically designed in accordance with FDA Pre-IND guidance and is a key requirement in LTR Pharma's FDA 505(b)(2) development pathway. The data are expected to inform LTR Pharma's planned regulatory strategy, including the proposed 505(b)(2) submission in the United States, subject to completion of final analysis and regulatory feedback.

Data Status and Limitations

The data reported in this announcement are based on 27 subjects who completed the dosing phase of the Phase II PK Study and reflect a preliminary analysis. Final statistical analysis, including dose proportionality, full pharmacokinetic modelling, and the complete safety dataset, remains ongoing. The final dataset and statistical conclusions may differ from the interim observations reported. Full study results are expected to be released in Q3 CY2026.

Study Design

Figure 1: SPONTAN Phase II study design. Randomised, three-way crossover (Part 1) followed by multiple-dose evaluation (Part 2).

SPONTAN Phase II study design. Randomised, three-way crossover (Part 1) followed by multiple-dose evaluation (Part 2).

The Study design, including endpoint selection and the inclusion of a robust geriatric cohort, was agreed upon with the FDA during the Pre-IND meeting in 2025.

LTR Pharma Executive Chairman, Lee Rodne, said:

"The interim Phase II data are consistent with our Phase I findings and reinforce SPONTAN's differentiated rapid-onset profile, including in men aged 65 and over, a group that often requires dose adjustment with oral PDE5 therapies. Importantly, no serious adverse events, no severe treatment-emergent events, and no treatment-related discontinuations were observed. This Study was specifically designed in accordance with FDA Pre-IND guidance, and we are now focused on completing the statistical analysis and progressing our 505(b)(2) regulatory strategy in the United States."

Next Steps

LTR Pharma, in collaboration with its Clinical Research Organisation, will complete the final statistical analysis over the coming months, with full Study results expected to be released in Q3 CY2026. The complete dataset will be used to support LTR Pharma's planned FDA 505(b)(2) submission and ongoing regulatory engagement in Australia, the United States, and other key markets.

This announcement has been approved by the Board of Directors.

Centred on Leonardo da Vinci's masterpiece, the Mona Lisa, the exhibition is divided into two main sections: Meet Mona Lisa and Portraying the Renaissance. Meet Mona Lisa is an immersive multimedia experience jointly produced by the Musée du Louvre and the Grand Palais Immersif, specifically created for Hong Kong by a French creative team. The section presents the extraordinary 500-year journey of the Mona Lisa across six immersive chapters, narrated by the lady herself in a monologue that reveals the fascinating stories behind her mysterious smile. Visitors will learn how this painting – commissioned but never delivered to its patron, remaining in Leonardo's possession until his death – went on to captivate the world and become a cultural icon. The six chapters include panoramic projections blending portraits and landscapes, interactive multimedia displays that introduce Leonardo's painting techniques, playful games as well as an immersive photo booth, inviting audiences to step into the world of the Mona Lisa.

Portraying the Renaissance is curated for Hong Kong by the Musée national de la Renaissance - Château d'Écouen, the Pinacoteca Ambrosiana, the Ateliers d'art de la Réunion des Musées nationaux - Grand Palais, and the Atelier de Chalcographie du Louvre, showcasing exceptional Renaissance artworks. Most of the artifacts are being shown in Hong Kong for the first time, including as a highlight four original manuscripts by Leonardo da Vinci, allowing visitors to appreciate up close an artistic style that masterfully blends scientific rationality with aesthetic brilliance. Through a diverse range of artworks, including paintings, prints, sculptures, decorative art, and everyday objects, visitors can glimpse how this surging humanist movement permeated every aspect of daily life. Also featured are three items from the collection of the Hong Kong Heritage Museum, along with paintings by mainland Chinese artist Xu Lei that echo the aesthetics of Renaissance art, creating a dialogue across time and space and underscoring the enduring influence of a cultural movement that originated in 14th-century Europe.

Ms. Pansy Ho, Co-Chairman of the Board of French May said, "Over 33 years of dedicated development, the French May Arts Festival has grown into one of Asia's most cherished annual cultural celebrations. It remains committed to serving as a bridge for cultural exchange between Hong Kong and France, bringing world-class artistic experiences to audiences from all walks of life. We are delighted to return to the Hong Kong Heritage Museum to proudly present two remarkable exhibitions, Meet Mona Lisa and Portraying the Renaissance, and to welcome everyone - families, students, art lovers and visitors from around the world - to discover one of the most iconic treasures of French cultural heritage. This is at the heart of what French May has always sought to do: make culture accessible to all, while highlighting Hong Kong's unique status as an East-meets-West centre for international cultural exchange."

Speaking at the ceremony, The Hong Kong Jockey Club Steward Nicholas Hunsworth said the exhibition offers an unprecedented hybrid experience, blending centuries-old legacy with immersive technology, and culminating with the vision of Asian artists as a bridge between East and West. The Club's support for the exhibition, together with its role as the exclusive sponsor of The Jockey Club Community Outreach and Arts Education Programme, reflects its commitment to nurturing talent, fostering arts appreciation and supporting cultural development in Hong Kong. It also aligns with the Central Government's vision of developing Hong Kong into an East-meets-West centre for international cultural exchange, as outlined in the National 15th Five-Year Plan.

Miss Rosanna Law, Secretary for Culture, Sports and Tourism, said that under the theme "Re/naissance", she is confident that the Festival will continue to offer an energetic platform for artistic innovation and the exchange of ideas, strengthening the cultural dialogue between France and Hong Kong in unprecedented ways, and drawing visitors who come specifically to experience the rich cultural programmes.

Mrs Christile Drulhe, Consul General of France in Hong Kong and Macau, remarked, "The Hong Kong Jockey Club Series: Meet Mona Lisa & Portraying the Renaissance stands as a compelling expression of our ambition to renew and share the relationship between France and Hong Kong more widely, as art continues to connect people across time and borders. This exhibition invites us to experience the Renaissance as a living dialogue between cultures, one that reflects the depth and vitality of our tie."

Vincent Delieuvin, Chief Curator of Italian Paintings in the sixteenth century, Musée du Louvre, said, "The immense fame of the Mona Lisa is an extraordinary and delightful phenomenon, but it has the consequence that it is difficult to see her, just like all the big stars. At the Louvre Museum in Paris, nearly 25,000 people come every day to admire the real Mona Lisa, but it is not possible to get close to it for security reasons and so that all her admirers can catch a glimpse of her. The Meet Mona Lisa exhibition offers the perfect opportunity to finally get up close to the Mona Lisa, admire her, and understand how and why she became the most famous work of art in the world."

Dr. Matteo Gianeselli, Curator and Art Historian, Musée national de la Renaissance, said, "Portraying the Renaissance offers a broad overview of European artistic creation between the 15th and 16th centuries, explored through the lens of portraiture. The exhibition explores Leonardo da Vinci's place in contemporary creation through a dialogue with works from the Heritage Museum's collections. This marks the first time that the Musée national de la Renaissance at Écouen has loaned works to a destination so far from France. On behalf of my director, who unfortunately could not join us today, I would like to warmly thank you for this rich collaboration—one that I hope is but the beginning of a long and fruitful partnership."

Ms. Delphine de Canecaude, President, Grand Palais Immersif, said, "With Meet Mona Lisa, co-produced with the Musée du Louvre, we presented a new iteration of an exhibition previously shown in Marseille. Its narrative is carried by Mona Lisa herself - a singular choice that shifts the visitor's relationship to her entirely. Presenting Portraying the Renaissance alongside this immersive experience allowed us to contextualize da Vinci's work. Curated by the Musée national de la Renaissance - Château d'Ecouen, the exhibition brings together exceptional loans from their collection and from the Pinacoteca Ambrosiana, alongside casts of Louvre sculptures produced by the Ateliers d'art de la Réunion des Musées nationaux – Grand Palais. We are deeply grateful to each of these institutions for their trust and generosity. We are also profoundly proud to bring this work to Hong Kong as part of the French May Arts Festival, and equally honoured that the Hong Kong Heritage Museum has opened its doors to these exhibitions."

To honour The Hong Kong Jockey Club Charities Trust for its 15th consecutive year of support for the French May Arts Festival, a series of educational and outreach activities including talks, workshops, free screenings, and guided tours, will be held throughout the exhibition period under the Jockey Club Community Outreach and Arts Education Programmes, allowing the public to gain a deeper understanding of the captivating allure of the Mona Lisa and Renaissance art, and to experience the essence of French arts.

Credit:
Jointly presented by the Leisure and Cultural Services Department and French May Arts Festival
Jointly organised by Hong Kong Heritage Museum and French May Arts Festival
Title Sponsor: The Hong Kong Jockey Club Charities Trust
Supported by the Consulate General of France in Hong Kong

Meet Mona Lisa
Jointly produced by Musée du Louvre and Grand Palais Immersif
Scientific direction: Vincent Delieuvin
Creative direction: Mathilde Adrien-Babillon

Portraying the Renaissance
Curatorial expertise: Thierry Crépin-Leblond and Matteo Gianeselli
Participating Organisations: Musée national de la Renaissance – Château d'Ecouen, Pinacoteca Ambrosiana, Ateliers d'art Grand Palais RMN and Atelier de Chalcographie du Louvre

Project Grant: Mega Arts and Cultural Events Fund under the Culture, Sports, and Tourism Bureau of the Hong Kong Special Administrative Region Government
Digital Display Partner: LG Electronics HK
Sponsors: SOGO Hong Kong Company Limited, Wheelock Properties

Details of all programmes are available at: www.frenchmay.com

Valvular heart disease continues to pose a significant and growing burden on healthcare systems across the Asia‑Pacific region. As clinical evidence increasingly supports earlier intervention in the valve disease pathway, the need for long-term durable valve solutions continues to grow.

"By extending the evidence base to 10 years, these data further support the long‑term durability and performance of RESILIA tissue," said Vikram Jaisinghani, Senior Director, Medical Affairs, Asia‑Pacific, Edwards Lifesciences. "The COMMENCE trial provides prospective, 10‑year durability data that contribute to the evidence base supporting lifetime management for patients with aortic stenosis."

At 10 years, COMMENCE trial data showed that patients treated with Edwards' surgical valves featuring RESILIA tissue experienced:

• 97.9% freedom from structural valve deterioration (SVD)
• 97.8% freedom from reoperation due to SVD
• 98.6% freedom from non-structural valve dysfunction (other than PVL)
• Sustained hemodynamic performance, including stable gradients and effective orifice area over time

For patients, long-term durability matters because it can reduce the likelihood of repeat procedures over a lifetime, helping preserve quality of life as life expectancy increases. "As bioprosthetic valves are increasingly used in younger and lower-risk patients, many of whom lead active lifestyles and wish to avoid anticoagulation, plus their ascending life expectancy, long-term durability has become a central consideration in surgical decision-making," Dato' Seri Dr. Jeffrey Jeswant Dillon, Senior Consultant Cardiothoracic Surgeon at Institut Jantung Negara (IJN), Kuala Lumpur, Malaysia added. "From a clinical practice perspective, minimal structural valve deterioration observed at 10 years provides important confidence for long‑term treatment planning and may help reduce the need for repeat interventions over a patient's lifetime."

Building on nearly 70 years of leadership in structural heart innovation, Edwards has established a strong body of clinical evidence supporting the evaluation of valve performance, durability and treatment options in severe aortic stenosis. Developed more than two decades ago to address the need for improved durability in bioprosthetic valves, RESILIA tissue technology is now incorporated across a broad range of Edwards' surgical and transcatheter platforms, supporting aortic and mitral surgical valve replacement, aortic valve conduit procedures, and transcatheter treatment in the aortic position.

Within this context, the COMMENCE trial builds on the totality of Edwards' clinical evidence, further reinforcing the durability of outcomes supporting its surgical and transcatheter therapies, alongside large, randomized, FDA‑approved studies such as the PARTNER series of trials.

The PARTNER trial series advanced the field with long-term patient outcomes on treatment with Edwards TAVR and SAVR, with 10 years of follow-up data. The new COMMENCE trial data build on that foundation with the latest evidence on the long-term durability of RESILIA tissue.

To date, more than 500,000 patients worldwide, including over 30,000 in the Asia‑Pacific region, have been treated with Edwards' surgical and transcatheter innovations featuring RESILIA tissue¹.

"This significant advancement in tissue technology underscores Edwards' long-standing commitment to pioneering innovation and advancing long term patient outcomes across Asia-Pacific," said Amit Raheja, Senior Vice President, Asia‑Pacific, Edwards Lifesciences. "As Asia-Pacific becomes an increasingly important region for Edwards, we continue to invest in clinical evidence and regional capabilities to support sustainable growth and improved patient care. The availability of robust 10-year clinical data helps ensure that clinicians in the region are equipped to make informed treatment decisions that benefit patients over their lifetime."

The Singapore region launch coincides with a series of major product announcements from Pinecone, including the introduction of Pinecone Nexus, a knowledge engine for AI agents; KnowQL, a declarative query language for agentic retrieval; the Pinecone Marketplace with more than 90 production-ready knowledge applications; a new Builder tier at $20 per month; native full-text search in the core Pinecone database; and Dedicated Read Nodes for high-throughput, low-latency production workloads delivering up to 97% cost reduction at scale.

"The best knowledge infrastructure should be accessible to every builder, in every region," said Ash Ashutosh, CEO of Pinecone. "Launching our first serverless region in Asia marks a significant milestone for Pinecone. Organizations across the Asia-Pacific now have access to the same infrastructure that more than 9,000 customers worldwide rely on — with the data residency, low latency, and proximity that enterprises in the region require. Combined with today's launches of Nexus, KnowQL, Marketplace, and our new Builder tier, we are delivering the most comprehensive knowledge infrastructure for AI at a scale and price point that removes every barrier to building."

Pinecone Nexus: The Knowledge Engine for Agents

As AI shifts from assistive applications to autonomous agents, the demands on knowledge infrastructure are changing fundamentally. Roughly 85% of an agent's effort today is spent on context retrieval, resulting in task completion rates of just 50–60%, unpredictable completion times, and runaway token costs. Pinecone Nexus addresses this by moving reasoning upstream, from retrieval to knowledge compilation. Its context compiler transforms raw data into task-optimized artifacts that agents consume directly, while its composable retriever serves those artifacts with low latency, per-field citations, and deterministic conflict resolution. Early results show up to 90% reduction in token usage, task completion rates above 90%, and 30x faster time-to-completion.

At the core of Nexus is KnowQL, a declarative query language that gives agents a universal interface for knowledge access, replacing custom tool definitions and bespoke glue code with a single call that specifies output format, citation requirements, and latency budgets, and returns trusted, structured, grounded knowledge.

Pinecone Marketplace

The Pinecone Marketplace is a catalog of fully working, production-ready knowledge applications that users can deploy, customize, and run immediately. It launches with more than 90 production-ready solutions across sales and revenue, insurance, real estate, legal and compliance, people and HR, customer support, and more categories. Built by Pinecone and partners, these applications require no infrastructure assembly. The Marketplace is free at launch, with partner-built commercial solutions coming soon.

New Pricing and Infrastructure Updates

Pinecone's new Builder tier provides full access to its production-grade infrastructure for $20 per month and free support. Dedicated Read Nodes offer provisioned read capacity with warm data paths and fixed hourly pricing, delivering 77–97% cost reduction at scale for sustained high-throughput workloads. Bring Your Own Cloud (BYOC) deploys Pinecone fully managed within a customer's own cloud environment for organizations with data residency or regulatory requirements. Additionally, Pinecone has integrated native full-text search into its core database, now in public preview, enabling hybrid retrieval that combines semantic breadth with exact-match precision for agent-scale query volume.

The Singapore region is available now. It is Pinecone's first serverless region in Asia, joining existing serverless regions on AWS in the United States and Europe, with additional regions planned.

Get started here. For more detailed information on today's announcements, dive into the blog.

Steroid-refractory GVHD represents a critical unmet need in post-transplant care. While allogeneic stem cell transplants are curative for many blood cancers, the procedure carries the risk of GVHD—a condition where donor cytotoxic T cells "misfire," recognizing the patient's healthy organs as foreign and launching a systemic attack. This typically manifests as severe skin rashes, debilitating diarrhea, and liver failure.

Current first-line treatment relies on high-dose intravenous steroids. However, steroids act as a "blunt instrument," suppressing the aggressive T cells while simultaneously depleting the healthy immune system, leaving patients vulnerable to life-threatening infections. In nearly 50% of cases, steroids fail to calm the immune attack. Currently available second-line therapies often struggle to provide lasting results, frequently hampered by severe immunosuppression and hematologic toxicities. Due to these limitations, patients face a poor prognosis, with two-year survival rates currently stagnating at approximately 30%. Novel therapies are urgently needed.

"FDA clearance to advance CK0802 into a Phase 1b/ 2a trial marks a hopeful step forward for patients facing the dire prognosis of steroid-refractory GVHD," said Simrit Parmar, MD, MSCI, Founder of Cellenkos, and Faculty, Texas A&M, School of Engineering and Medicine (EnMed). "CK0802 is uniquely qualified to function under intense inflammatory stress, resetting the patient's immune system, and de-escalating donor T-cell attack without the toxicities typically associated with broad-spectrum immunosuppression."

For more information, please visit www.cellenkosinc.com.

Revenue and profit grew in tandem

In Q1 2026, Viettel Global posted $483.46 million in net revenue from sales and service provision, registering an increase of 30 per cent on-year. Over 17 consecutive quarters, Viettel Global has maintained double-digit revenue growth, about 4–6 times higher than the global telecommunications growth rate.

For the past 10 consecutive quarters, the company has sustained revenue growth above 20 per cent on-year.

The company's pre-tax profit reached $133.85 million, surging 166 per cent from a year ago. Consolidated after-tax profit stood at $89.62 million, representing a 471 per cent increase, contributing to optimising cash flow and increasing profit margins for Viettel Global.

By steadily expanding its presence and understanding local cultures in challenging markets, the company has built its sustainable competitive advantage, laying the groundwork for advancements in technology services in the coming period.

Business targets and dividend plan for 2026

In 2026, Viettel Global’s growth strategy is underpinned by four parallel drivers: bolstering traditional telecommunications, accelerating digital services, exploring new business areas, and researching market expansion in potential regions.

Previously, 2025 opened up a new promising chapter when Viettel Global aggressively diversified its business sectors beyond traditional telecommunications to unlock its growth potential. The company rolled out logistics services in Laos while stepping up surveys and calculations for solar power ventures in Mozambique and Myanmar to optimise existing infrastructure resources. Notably, the digital and financial service segment made a breakthrough with the launch of NatTransfer in Haiti – specialising in remittance service.

Regarding the profit distribution plan, the company plans to spend over $386.15 million to pay cash dividends to shareholders in 2025. The payout ratio is expected at 33 per cent, equivalent to 13 cents per share. This high dividend payout demonstrates Viettel Global's commitment to sharing its business earnings with investors.

Viettel Global records 22 per cent Q1 revenue growth Viettel Global on May 5 revealed revenue growth of 22 per cent via its audited consolidated financial report for the first quarter of 2025.

Viettel Global posts Q2 net profit of $91.14 million Viettel Global (VGI) released its consolidated financial statement for the second quarter of 2025 on July 29, highlighting continued impressive growth in both revenue and profit.

Viettel Global achieves record revenues and profit Last year Viettel Global (VGI) recorded its highest-ever revenues and profit.

In Q1 2026, MSN posted net profit after tax before minority interest (NPAT Pre-MI) of VND1.97 trillion ($75.77 million), doubling on-year. Consumer-retail earnings before interest and taxes (EBIT) rose to $94.62 million, up 23.6 per cent on-year, reflecting broad-based growth across the platform.

Q2 2026 preliminary momentum indicates MSN is on track to grow NPAT Pre-MI by approximately 60 per cent on-year.

WinCommerce (WCM) – the company operating the WinMart/WinMart+/WiN chains – delivered NPAT Pre-MI of $7.85 million in Q1 2026, up 3.5 times on-year, equivalent to a 1.8 per cent margin. The result is driven by higher store traffic, disciplined network expansion and operating leverage.

WCM recorded a net addition of 225 new store openings for Q1 2026, bringing the total store count to 4,817 nationwide. Notably, 100 per cent of new store openings surpassed store‑earnings before interest, taxes, depreciation and amortisation breakeven level within the quarter.

Like-for-like (LFL) growth across all formats was primarily driven by higher store traffic (bill count) as modern trade penetration accelerates. Among them, minimarts delivered LFL growth of 11.8 per cent on-year in Q1 2026, up from 8.6 per cent in Q1 2025.

Supermarkets delivered LFL growth of 19.9 per cent on-year for Q1 2026, up from 6.1 per cent in Q1 2025, supported by renovations that lifted store traffic. Supermarkets also achieved EBIT-positive with 3.5 per cent margin, up 386 per cent on-year points (bps) on-year. As of March 2026, 60 supermarkets have been renovated, with the remainder on track for completion by year-end.

Masan Consumer’s Q1 2026 revenue reached $325.77 million, up 13.1 per cent on-year, while NPAT Pre-MI reached $69.23 million, up 11.5 per cent on-year.

Retail Supreme demonstrated clear improvements across key execution metrics as March 2026. First, active selling outlets reached approximately 500,000, up 2.3 times compared to before Retail Supreme. Second, stock keeping unit per order reached 5.5 (up 17 per cent) while approximately 57,000 outlets now carry around six or more categories, up 2 times. Third, approximately 50,000 outlets are implementing MCH’s in-store execution standards, up 1.8 times.

Masan Consumer's gross margin was stable at 46.7 per cent on-year.

Masan MEATLife (MML) delivered revenue of $95.38 million in Q1 2026, up 19.8 per cent on-year, with NPAT Pre-MI of $5.65 million, up 27.2 per cent on-year. EBIT grew on-year to a 7.4 per cent margin, up 450 bps on-year, as both fresh and processed meat benefited from improved economies of scale and higher porker utilisation. Total MML sales at WCM grew 30.2 per cent on-year.

Phuc Long Heritage posted net revenue of $21.88 million in Q1 2026, up 34 per cent on-year. The EBITDA margin reached 20.8 per cent while NPAT Pre-MI grew 1.6 times on-year to a 10.3 per cent net margin, up 260 bps on-year. Growth was driven by delivery scaling and stronger in-store productivity gains, with LFL average daily sales in standard-format stores reaching $1,011.54, up 21.2 per cent on-year.

Masan High-Tech Materials (MSR) delivered a record quarterly NPAT of $20.65 million in Q1 2026, compared with a $8.54 million loss in Q1 2025, supported by stronger commodity pricing, improved operating performance, and lower net interest expenses.

Net revenue reached $115 million, up 114.9 per cent on-year, led by APT revenue of $94.23 million, up 3.2 times on-year. APT averaged $1,865/mtu in Q1 2026 and reached $3,150/mtu as of March 31, 2026, compared with MSR’s revised 2026 budget assumption of approximately $1,200/mtu. In the event current price levels are sustained for the rest of the year, MSR expects to achieve materially better financial results.

Throughput is expected to recover from Q2 2026 and ramp further in Q3 2026 following the amendment of the 28-million-tonne mining licence, with full-year ore processed projected to exceed FY2025 levels.

MSR is expected to generate stronger operating cash flow and accelerate deleveraging, with revised guidance indicating net-debt-to-EBITDA declining from 3.5 times in Q1 2026 to 1.7 times by year-end.

Assuming APT prices average above $1,500/mtu, MSR targets net-debt-to-EBITDA of 0.1 times by end-2027, and conservatively net cash position by end-2028, which would create room for lower interest expenses, higher earnings quality, and potential dividend payments in the upcoming years.

Masan has announced plans to migrate MSR to the HSX mainboard, aiming to enhance value recognition, broaden the shareholder base, improve liquidity, and support strategic investor engagement.

MSN’s profit share of Techcombank in Q1 2026 was $50.77 million, up by 11.8 per cent on-year.

Building on a record Q1 2026, MSN’s revenue and NPAT Pre-MI are estimated at $1.98 billion and $176.92 million in the first half of 2026, up 38 per cent and 76 per cent on-year, respectively.

Masan posts steady gains as Vietnam targets stronger retail growth Vietnam’s push for stronger retail growth by 2030 is being matched by improving performance in the country’s major consumer groups.

Masan Consumer lifts foreign ownership limit to 100 per cent On March 18, the State Securities Commission announced that it had received Masan Consumer Corporation’s application to double its foreign ownership limit to 100 per cent.

Masan High-Tech Materials plans HSX listing Masan High-Tech Materials has released documents for its 2026 AGM, slated to take place in Hanoi on April 16.

Derived exclusively from FortiGuard Labs telemetry, the latest annual report is a snapshot of the active threat landscape and trends from 2025, including a comprehensive analysis across all tactics used in cyberattacks, as outlined in the MITRE ATT&CK framework. The data reveals that cybercrime no longer functions as a series of isolated campaigns–it operates as a system, with malicious hackers operating across an end-to-end life cycle and compressing the attack life cycle with shadow agents.

“Cybercrime is one of the world’s most pervasive and costly threats, and our latest Global Threat Landscape Report reveals how malicious actors are beginning to leverage agentic AI to execute more sophisticated attacks,” said Derek Manky, chief security strategist and global vice president of Threat Intelligence at Fortinet FortiGuard Labs.

“As cybercriminals increasingly use AI to bolster their tactics, cyber defenders must evolve cybersecurity operations into an industrialised defence and adopt AI-enabled tools that respond at the same velocity as modern threats.”

Modern cybercrime crosses borders and sectors, and even traditional definitions of crime itself. As attacks grow more sophisticated and interconnected, key findings from the latest FortiGuard Labs Global Threat Landscape Report highlight several critical trends.

Velocity defines risk as time-to-exploit (TTE) shrinks. As AI accelerates reconnaissance, weaponisation, and execution, FortiGuard Intelligence shows that TTE as 24–48 hours for critical outbreaks, a sharp increase from earlier reports that revealed a TTE of 4.76 days. Real-world incidents reflect how minutes can define outcomes: Active exploitation attempts were made within hours of the React2Shell vulnerability public disclosure.

Ransomware victims skyrocket, with FortiRecon adversary intelligence identifying 7,831 confirmed ransomware victims globally, skyrocketing from approximately 1,600 identified victims. Availability of crime service kits like WormGPT, FraudGPT, and BruteForceAI contributed to this 389 per cent increase on-year. The top three targeted sectors include manufacturing (1,284), business services (824), and retail (682). Geographic concentration includes the US (3,381), Canada (374), and Germany (291).

Identity sprawl defines cloud exposure. FortiCNAPP intelligence confirms that throughout 2025, most confirmed cloud incidents originated from stolen, exposed, or misused credentials rather than from infrastructure exploitation. Sector analysis shows hospitals/physician clinics and retail establishments as the number one target. Large identity populations, federated access models, and complex cloud integrations make these prime targets for malicious hackers.

The report projected that the most capable threat groups function as semi-autonomous enterprises, supported by shadow agents, access brokers, and botnet operators who provide services on demand.

One of the key findings is that shadow agents reduce operator skill requirements while increasing workflow speed. FortiRecon dark web signals captured AI-enabled offensive tooling advertised as services and products, including enhanced versions of WormGPT and FraudGPT, and novel services like HexStrike AI, an offensive AI tool with automated reconnaissance attack path generation; and BruteForceAI, a penetration testing tool that integrates large language models (LLMs) for intelligent form analysis and can execute sophisticated multi-threaded attacks.

With AI, criminals work smarter, not harder. FortiGate IPS telemetry recorded a 22 per cent decrease in brute force attempts on-year, pointing to efficiency gains: With optimised, intelligent brute force techniques, threat actors are making fewer attempts against better-selected targets, increasing success probability per credential tested. This activity translates into about 67.65 billion brute force events globally, with approximately 185 million attempts per day; 1.3 billion attempts per week; and 5.6 billion attempts per month. At the same time, intelligence revealed a 25.49 per cent increase in global exploitation attempts on-year.

Stolen datasets are more popular than leaked credentials. In the 2025 Global Threat Landscape Report, FortiGuard Labs observed a 500 per cent increase in logs available from systems compromised by infostealer malware. In 2026, FortiRecon intelligence found an additional 79 per cent increase and revealed a shift towards theft of more comprehensive data sets, enabled by agentic AI. Within dark web “database” activity, stealer logs dominated advertised and shared datasets (67.12 per cent), exceeding combolists (16.47 per cent) and leaked credentials (5.96 per cent). Stealer logs reduce attacker effort by bundling identity material with contextual artifacts, including browser-resident data, enabling immediate replay and faster conversion than brute force or password spraying.

Another finding is that credential-stealer malware persists. Credential-stealer malware remains a lucrative industry and primary upstream engine for exposure generation. FortiRecon telemetry shows stealer activity dominated by RedLine: 911,968 infections (50.80 per cent); Lumma: 499,784 (27.84 per cent); and Vidar: 236,778 (13.19 per cent).

Fortinet is committed to disrupting cybercrime by collecting and sharing threat intel and actively working to combat cyberthreats on a global scale.

A recent collaborative effort spearheaded by Interpol and supported by Fortinet through the World Economic Forum Cybercrime Atlas resulted in the takedown of a cybercriminal network. Operation Red Card 2.0 took down infrastructure and operators behind online scams, mobile money fraud, and fraudulent loan applications in Africa.

Fortinet is a founding member of the Cybercrime Atlas, a global public-private collaboration effort hosted by the World Economic Forum that uses open-source intelligence to map cybercriminal networks, identify infrastructure vulnerabilities, and support joint disruption operations with law enforcement, such as the recent Operation Red Card 2.0 and Operation Serengeti 2.0.

The 2026 Global Threat Landscape Report reveals that incentivising the disruption of cybercrime has never been more important. To empower defenders to stay ahead of cybercriminals, Fortinet and Crime Stoppers International launched the Cybercrime Bounty programme to provide a secure, anonymous channel for citizens and ethical hackers to submit information about cyberthreats.

Detection gaps widen as AI-fuelled attacks reshape cybersecurity in the region Fortinet, the global cybersecurity leader driving the convergence of networking and security, on June 3 announced the findings of a new IDC survey that reveals a sharp escalation in both the volume and sophistication of cyber threats across Asia-Pacific.

AI adoption in cybersecurity surges across Vietnam Fortinet has announced the findings of a 2025 IDC survey highlighting how organisations across Vietnam are adopting AI as the front line of their cyber defence strategy.

Cyberthreats targeting the 2025 holiday season FortiGuard has analysed data from the past three months to identify the most significant patterns shaping the 2025 holiday cyber-threat risks.

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

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

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

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

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