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- GMG Launches New Graphene Water Coolant Additive for Data Centres: G FLUID(TM)Queensland, AU, Aug 24, 2026 - Graphene Manufacturing Group Ltd. (TSXV: GMG) (OTCQX: GMGMF) ("GMG" or the "Company") is pleased to announce the launch of patent pending G FLUIDTM for use as a graphene water-based additive for data centre and industrial cooling circuits to increase heat transfer and reduce microbial and bacterial growth. The cooling water treatment chemicals market is valued at US$15 billion per annum in 2026 and is expected to be valued at US$27.2 billion per annum in 2035 (with a 6.1% CAGR).[1] Figure 1 shows the launch of the initial pack size of 1 litre - used in 1:100 concentrate additive form - where 1 litre is added into 100 litres of coolant. Please see website for more details: https://graphenemg.com/graphene-products/g-fluid/. Figure 1.0 G FLUID™ 1 Litre Bottle Launch To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/8082/311034_38099a9454ef4b8d_001full.jpg The G FLUID™ product can be used in various application as seen in Figure 2.0. Figure 2.0 G FLUID™ Applications To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/8082/311034_38099a9454ef4b8d_002full.jpg G FLUID™ is expected to provide a higher heat transfer rate for data centre and industrial cooling systems - with preliminary internal testing showing an increased heat transfer rate of approximately 20% when G FLUID™ is dosed into demineralized water at 1% - providing 0.01% of graphene by weight in final solution. Please see launch video of how G FLUID™ and THERMAL-XR® can support energy reductions for data centres. https://youtu.be/_uAGHFaKQQQ?si=FvG7m_W36b2PBeD9 Cannot view this video? Visit: https://www.youtube.com/watch?v=_uAGHFaKQQQ G FLUID™ provides up to 87% anti-microbial testing outcomes as tested by an independent third party laboratory under testing standard EN 1276. Figure 3.0 shows the various test results from the third party laboratory for anti-microbial performance due to G FLUID™ dosed at 1% - providing 0.01% graphene by weight in the final solution. Figure 3.0 G FLUID™ Anti-Microbial Testing Results To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/8082/311034_38099a9454ef4b8d_004full.jpg GMG's Managing Director and CEO, Craig Nicol, commented: "G FLUID™ lets a data centre, industrial plant or building operator improve the heat transfer of the water or coolant already running through their cooling loop, at a simple 1% dose rate. Independent laboratory testing to the EN 1276 standard also shows a meaningful reduction in microbial growth in that same water, which matters for anyone managing corrosion, fouling and maintenance costs in a chiller system. We're launching first into data centres, where cooling demand is growing fastest, but the same dosage works in industrial process chillers and building chiller systems, giving us a large market to grow into." GMG's Chairman and Director, Jack Perkowski, commented: "G FLUID™ is our fourth energy-saving product alongside THERMAL-XR® and G® LUBRICANT, and it gives GMG a foothold in a cooling water treatment market worth more than US$15 billion a year globally, growing quickly as AI-driven data centre construction accelerates. It's a strong example of how our graphene production capability keeps opening up new, commercially relevant applications across very different industries." USA EPA Application Update: GMG is also pleased to announce the Company has submitted an amendment application to the United States Environmental Protection Agency ("EPA") seeking approval to manufacture, in addition to sell, graphene and GMG's THERMAL-XR®, G® LUBRICANT and G®FLUID products in the United States. This was based on the advice from the EPA to replace the Significant New Use Notice ("SNUN") the Company submitted in June 2026. GMG expects an EPA approval for this amendment by the end of September 2027 and the existing Consent Order conditions are not impacted for THERMAL-XR® sales into the United States. About GMG GMG is an Australian based clean-technology company which develops, makes and sells energy saving and energy storage solutions, enabled by graphene manufactured via in house production process. GMG uses its own proprietary production process to decompose natural gas (i.e. methane) into its natural elements, carbon (as graphene), hydrogen and some residual hydrocarbon gases. This process produces high quality, low cost, scalable, 'tuneable' and low/no contaminant graphene suitable for use in clean-technology and other applications. The Company's present focus is to de-risk and develop commercial scale-up capabilities, and secure market applications. In the energy savings segment, GMG has initially focused on graphene enhanced heating, ventilation and air conditioning ("HVAC-R") coating (or energy-saving coating) which is now being marketed into other applications including electronic heat sinks, industrial process plants and data centres. Another product GMG has developed is the graphene lubricant additive focused on saving liquid fuels initially for diesel engines. GMG is also developing a graphene coolant additive focused on energy saving for data centres and industrial cooling applications. In the energy storage segment, GMG and the University of Queensland are working collaboratively with financial support from the Australian Government to progress R&D and commercialization of GMG Graphene Batteries. GMG has also developed a graphene additive slurry that is aimed to improve the performance of lithium-ion batteries. GMG's 4 critical business objectives are: Produce Graphene and improve/scale cell production processes Build Revenue from Energy Savings Products Develop Next-Generation Battery Develop Supply Chain, Partners & Project Execution Capability For further information please contact: Craig Nicol, Chief Executive Officer & Managing Director of the Company at [email protected], +61 415 445 223 Leo Karabelas at Focus Communications Investor Relations, [email protected], +1 647 689 6041 www.graphenemg.com Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release. Cautionary Note Regarding Forward-Looking Statements This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends", "expects" or "anticipates", or variations of such words and phrases, or statements that certain actions, events or results "may", "could", "should", "would" or will "potentially" or "likely" occur. These statements, referred to herein as "forward-looking statements", are not historical facts, are made as of the date of this news release and include, without limitation, statements regarding: G FLUID™'s ability to increase heat transfer rates and limit microbial and bacterial growth; the repeatability of preliminary internal heat transfer testing and of independent laboratory anti-microbial testing in commercial applications; the size and expected growth of the cooling water treatment chemicals market; G FLUID™'s suitability for various applications in water-based cooling systems, including data centres, industrial process chillers and building chiller systems; the Company's amendment application submitted to the United States Environmental Protection Agency ("EPA") seeking approval to manufacture, in addition to sell, graphene and GMG's THERMAL-XR®, G® LUBRICANT, G FLUID™ and other products in the United States; the expected timing of the EPA's review of, and decision on, the amendment application, including the Company's expectation of receiving approval by the end of September 2027; the Company's plans to manufacture and sell its products in the United States following any such approval; GMG's intentions to develop commercial scale-up capabilities; GMG's focus in the energy savings segment; GMG's intentions for the use of graphene lubricant additive on saving liquid fuels; expectations for R&D and commercialisation of Graphene Batteries; GMG's ability to improve the performance of lithium-ion batteries; and the Company's four critical business objectives. Such forward-looking statements are based on a number of assumptions of management, including, without limitation, assumptions that: the Company's operational and strategic progress will continue; G FLUID™ will be purchased by cooling water treatment market distributors and customers in large volumes; G FLUID™ will increase heat transfer rates and limit microbial growth in commercial applications; the preliminary internal testing results and independent laboratory testing results will be repeatable and applicable in commercial applications; the EPA will accept and review the Company's amendment application in the ordinary course and will grant approval within the timeframe currently anticipated by the Company; the EPA will not require material additional testing, data or amendments in connection with the application; the regulatory requirements applicable to the manufacture and sale of graphene and graphene-based products in the United States will not change in a manner adverse to the Company; the Company's cash position and business fundamentals remain strong; that the preliminary results will be repeatable and applicable in commercial applications, that the warrant liability will decrease as warrants are exercised or expire, that future financial performance will improve, and that the accounting treatment of warrants under IFRS will remain unchanged. Additionally, forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of GMG to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation, fluctuations in the Company's share price that may increase the warrant liability: the risk that the EPA delays, denies or imposes conditions or restrictions on the approval of the Company's amendment application, or that the review takes longer than currently expected; the risk that the EPA requires additional data, testing or information that delays or increases the cost of the application; the risk that the Company is unable to manufacture or sell its products in the United States on the terms or within the timeframe currently anticipated; the risk that G FLUID™'s performance in commercial applications differs from preliminary internal testing or independent laboratory testing results; the risk that market adoption of G FLUID™ is slower or smaller than anticipated; failure to complete or commission the Gen 2.0 Plant as currently planned; construction, cost-overrun, technology and ramp-up risks associated with the Gen 2.0 Plant; failure to achieve operational milestones; inability to commercialize products; changes in accounting standards; adverse market conditions; foreign exchange volatility; and the risk factors set out under the heading "Risk Factors" in the Company's annual information form dated November 4, 2025 available for review on the Company's profile at www.sedarplus.ca. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial outlook that are incorporated by reference herein, except in accordance with applicable securities laws. [1] https://www.futuremarketinsights.com/reports/cooling-water-treatment-chemicals-market
- AAC Technologies CFO Guo Dan: Full-Year 2026 Revenue is Expected to deliver Double-Digit Growth, AI New Businesses Poised to Exceed RMB8 Billion in 202720 August 2026, AAC Technologies Holdings Inc. (stock code: 2018.HK; “AAC Technologies” or the “Group”) today released its interim results for the six months ended 30 June 2026. Revenue for the first half of 2026 (“1H 2026”) reached a record RMB14.51 billion, up 8.9% year-on-year (“YoY”). Net profit attributable to owners of the Company rose 2.9% YoY to RMB901 million. After excluding other gains and losses related to fair value gains and losses, the growth rate of net profit for the first half of the year stood at 37.4%. This marks the third consecutive year the Group has achieved a record first-half revenue since pivoting toward AI-related new businesses. At the results briefing, CFO Guo Dan highlighted that AI new businesses have become the core driver of the Group’s top-line growth. As specialized business segments including liquid-cooling coolant distribution units (CDUs), wafer-level glass (WLG) optical communications, AR optical waveguide lenses and robotic motors ramp, the Group’s multi-engine growth model is accelerating, and the contribution from new businesses is set to expand further. Full-year 2026 revenue is expected to deliver double-digit growth, with the scale of AI new businesses potentially exceeding RMB8 billion in 2027. ( AAC Technologies CFO Guo Dan) Full-year revenue is expected to deliver double-digit growth Dan stated that despite external market pressures, management remains cautiously optimistic regarding full-year operations, expecting double-digit revenue growth with gross profit margin to improve steadily from the 22.4% recorded in 1H 2026. By segment, the acoustics and electromagnetic drives business is expected to deliver single-digit full-year revenue growth, with gross margin likely to improve further from the 28.6% recorded in the first half. The precision mechanics and heat dissipation business continues to be a powerful growth engine, with full-year revenue expected to increase by more than 30%. Gross margin in this segment reached 23.1% in the first half and is expected to rise further in the second half. The optics business saw a YoY decline in revenue, reflecting industry conditions and customer mix, but overall gross margin remained resilient. Gross margin of plastic lenses and G+P hybrid lenses improved by more than 5 percentage points YoY, driven by yield and process optimization. The Group is increasing the shipment mix of 6P-and-above high-end lenses and accelerating certification and onboarding with overseas customers. The sensor and semiconductor business, benefiting from AI-driven upgrades in end devices, is expected to grow full-year revenue by 15%–20%, with gross margin improving steadily. Automotive acoustics, leveraging vertically integrated solutions spanning speakers, amplifiers and professional tuning, is expected to grow full-year revenue by 15%–20% despite a weaker auto market. Gross margin may decline by around 2 percentage points YoY, reflecting intensified industry competition and changes in product mix. Among the global leaders in AI thermal management Rapid advances in the AI industry have triggered a surge in thermal-management demand. In 1H 2026, AAC Technologies’ heat dissipation revenue surged approximately 400% YoY to RMB1.10 billion, highlighting its strong growth momentum. According to Dan, AAC Technologies now ranks among the global leaders in consumer-electronics thermal management and among China’s top-three AI-server liquid-cooling providers by market size. In consumer electronics, shipments of the Group’s high-performance innovative vapor chambers (VCs) continued to ramp, and mass-production preparations for next-generation products are progressing smoothly. In AI computing, the Group is pursuing a dual-market expansion strategy covering both domestic and overseas markets. Yuandi (Guangzhou) Digital Technology Co., Ltd., a subsidiary of the Group, has commenced scaled mass production and global batch deliveries of high-power centralized liquid-cooling CDUs, with monthly delivery capacity exceeding 600 units, firmly placing it among the industry’s leading players. Proprietary WLG technology enters optical communications Dan noted that co-packaged optics (CPO), a key technology direction for next-generation high-speed optical interconnects, imposes more stringent requirements on optical alignment — opening an important application scenario for WLG technology. AAC Technologies’ proprietary, self-developed WLG wafer-level glass molding technology offers advantages in high precision, superior consistency and large-scale mass production. The Group is actively engaging in technical exchanges, factory audits and sample submissions with leading overseas optical communications companies, including top-tier players providing high-speed interconnect chips for AI and cloud infrastructure. In AR optics, AAC Technologies has built a one-stop optical system design and simulation solution covering waveguides and light engines. Dan said the Group has become the industry’s first company to achieve volume delivery of full-color light engines serving top-tier customers. In single-layer surface relief grating (SRG) diffractive optical waveguides, it is also the first in the industry to achieve mass production using etching processes. First-ever integration of acoustics and electromagnetic drives To capture AI industry growth opportunities, AAC Technologies has combined its former acoustics and electromagnetic drives businesses — the first organizational integration of these two core segments since the Company’s listing. The combined segment generated revenue of RMB6.01 billion in the first half, up 14.2% YoY, with a gross profit margin of 28.6%. During the reporting period, the segment secured key breakthroughs across several new business lines. Projects related to active cooling fans have successfully passed customer certification and are expected to become standard configurations for high-end models over time, with further expansion into servers, robotics and other markets. Robotic motors and modules secured project design wins from several leading global customers, with certain projects already entering mass production. In addition, AAC Technologies is strategically expanding into the robot systems business, with relevant projects expected to enter mass production by the end of 2026. “One of the Group’s core strengths is its technology platforms plus cross-scenario reuse,” Dan said. Going forward, the Group will further deepen the integration of the acoustics and electromagnetic drives segment, unlocking synergies across technologies, production capacity and customer resources. While solidifying its core position in consumer electronics, the Group will deliver comprehensive solutions into emerging tracks such as automotive, humanoid robotics and AI terminals, continuously unlocking product value-add and long-term growth potential. Robotics business expected to reach RMB400–700 million in 2027 Regarding the development pace of the robotics industry, Dan noted that the ultimate form of embodied AI remains unsettled. Beyond humanoid robots, task-specific robots for professional scenarios, desktop AI interactive devices and other form factors are being explored in parallel, with product maturity and commercialization timelines varying significantly across use cases. Leveraging its long-standing expertise in precision electromagnetic drives, the Group is building capability moats around universal core components for robots — including motors, rotary joints and gimbal modules. It has already established deep partnerships with several leading overseas robotics companies, spanning core-component supply and joint technology development, and can flexibly address the differentiated needs of different robot form factors. Based on the current project pipeline, Dan said the Group’s robotics-related business is expected to reach RMB400–700 million in 2027. Looking ahead, as large AI models migrate to the edge and multi-form robot applications penetrate faster with accelerating commercialization, the segment is expected to see even stronger growth in the coming years. AI new businesses poised to exceed RMB8 billion next year Addressing market concerns over the impact of rising memory chip prices on the smartphone supply chain, Dan said that, despite industry pressure, AAC Technologies’ traditional smartphone businesses maintained a stable-to-improving gross margin, thanks to the Company’s solid core technology foundation and continuous improvements in internal operational efficiency. Dan further noted that, based on first-half operating performance and the internal outlook for the second half, AAC Technologies has effectively withstood the pressure from declining smartphone shipments and managed the impact of this round of memory-chip price increases on the handset supply chain. Looking at the Company’s medium- to long-term strategic roadmap, Dan revealed that the overall scale of the Company’s AI-related new businesses is expected to reach RMB8–9 billion by 2027, transforming these emerging segments into AAC Technologies' core growth engine. By business line, 2027 scale is expected as follows: - Vapor chambers (VCs) and active cooling: around RMB5 billion - AI devices and gimbal modules: around RMB1.5 billion - CDU liquid cooling and cold plates: around RMB1 billion - robotic core components: RMB400–700 million - new automotive acoustics initiatives: around RMB500 million - WLG optical communications: around RMB100 million in initial revenue “The RMB8–9 billion scale is only a beginning,” Dan emphasized. AI-driven industry transformation is just getting started. The new businesses the Company is focused on — including edge AI hardware, data center liquid cooling, XR, robotics and intelligent cockpits — are expected to grow far faster than traditional businesses over the next three to five years, continuously unlocking growth momentum. Source: Hong Kong Commercial Daily Original article: https://www.hkcd.com.hk/content_app/2026-08/21/content_8770919.html
- SK tesSK Tes Publishes 2025 Sustainability Report: Resilience in the Circular EconomySINGAPORE, Aug 24, 2026 - SK tes, a global leader in sustainable technology services, today announced the release of its 2025 Sustainability Report, Resilience in the Circular Economy, demonstrating how circular economy solutions are helping organizations navigate changing working models, resource constraint, regulatory change, and the rapid expansion of artificial intelligence (AI). The theme of this year's report reflects SK tes' brief that circularity is no longer solely about waste reduction and resource recovery, but a strategic enabler of business resilience, resource security, and long-term value creation. As industries face accelerating technology refresh cycles, evolving regulations, and increasing pressure to deliver on sustainability commitments, the report explores how circular economy principles can help business build more resilient supply chains while reducing environmental impact. The report also examines the growing influence of AI and data center expansion on global technology lifecycles, highlighting the critical role of responsible IT asset disposition (ITAD), reuse, and material recovery in supporting a sustainable digital economy. The report details SK tes' continued progress across its Protect, Preserve, and Provide sustainability strategy, including advances in climate action, responsible e-waste management, data security, workforce wellbeing, ethical business conduct, diversity and inclusion, and sustainable innovation. It also outlines the company's first Double Materiality Assessment (DMA), which provides a deeper understanding of both SK tes' impacts on society and the environment and the sustainability issues most material to the business and its stakeholders. "This year we highlight the growing importance of resilience. Global supply chains continue to experience disruption from geopolitical circumstances, trade restrictions, resource constraints, inflationary pressures, and climate-related risks. The need for resilient circular economy solutions has never been greater. While circularity is often viewed through the lens of resource recovery and waste reduction, its true value extends much further - helping organizations strengthen business continuity, improve resource security and create long-term competitive advantage." - Jin Mo Lee, CEO, SK tes The report identifies several emerging trends shaping the future of circularity, including the rapid growth of AI infrastructure. As AI drives unprecedented demand for servers, advanced chips and data center capacity, SK tes highlights the importance of extending hardware lifecycles, maximizing reuse opportunities, and recovering valuable materials from end-of-life technology. The report notes that circular approaches remain a critical lever for reducing the environmental footprint of AI while supporting the transition to a more resource-efficient economy. "At SK tes, sustainability is not a separate agenda. It is how we create value, manage risk, innovate, and build long-term resilience for our clients, employees and communities. Our 2025 Sustainability Report marks the evolution of SK tes from a technology lifecycle services provider into a trusted sustainability partner. Through initiatives such as our Double Materiality Assessment, ESG Quality Framework, Carbon Roadmap, and ongoing innovation in circular solutions, we are helping businesses transform their sustainability ambitions into measurable outcomes while preparing for the challenges and opportunities of tomorrow." - Alvin Piadasa, Group Sustainability Director, SK tes Among the year's achievements, SK tes strengthened its sustainability governance framework, enhanced independent verification and assurance processes, expanded renewable energy usage, and continued developing innovative circular services. The company also advanced its Carbon Roadmap, helping customers connect circularity with climate action through avoided emissions measurement, enhanced carbon reporting, and future carbon inset opportunities. The report also provides a progress update on SK tes' long-term mission to make a Decade of Difference by sustainably transforming and repurposing one billion kilograms of assets by 2030, as well as achieving the 2025 target to reduce landfill volumes. Looking ahead, SK tes will remain focused on strengthening governance, accelerating climate action, improving transparency across its value chain, and developing innovative solutions that support a more resilient circular economy. The full 2025 Sustainability Report: Resilience in the Circular Economy, is available to download from the SK tes website. About SK Tes SK tes is a global leader in sustainable technology lifecycle services, providing secure and compliant solutions for IT asset disposition, data center decommissioning, electronics recycling, battery recycling, and material recovery. Through its global network of facilities and circular economy expertise, SK tes helps organizations reduce risk, recover value, and achieve their sustainability objectives. For more information, visit www.sktes.com. For more information about SK tes and global capabilities, please visit our website www.sktes.com. For press enquiries please contact: Kristine Kearney, Senior Global Marketing Manager [email protected] SOURCE: SK tes
- AAC Technologies CFO Guo Dan: Full-Year 2026 Revenue is Expected to deliver Double-Digit Growth, AI New Businesses Poised to Exceed RMB8 Billion in 202720 August 2026, AAC Technologies Holdings Inc. (stock code: 2018.HK; “AAC Technologies” or the “Group”) today released its interim results for the six months ended 30 June 2026. Revenue for the first half of 2026 (“1H 2026”) reached a record RMB14.51 billion, up 8.9% year-on-year (“YoY”). Net profit attributable to owners of the Company rose 2.9% YoY to RMB901 million. After excluding other gains and losses related to fair value gains and losses, the growth rate of net profit for the first half of the year stood at 37.4%. This marks the third consecutive year the Group has achieved a record first-half revenue since pivoting toward AI-related new businesses. At the results briefing, CFO Guo Dan highlighted that AI new businesses have become the core driver of the Group’s top-line growth. As specialized business segments including liquid-cooling coolant distribution units (CDUs), wafer-level glass (WLG) optical communications, AR optical waveguide lenses and robotic motors ramp, the Group’s multi-engine growth model is accelerating, and the contribution from new businesses is set to expand further. Full-year 2026 revenue is expected to deliver double-digit growth, with the scale of AI new businesses potentially exceeding RMB8 billion in 2027. ( AAC Technologies CFO Guo Dan) Full-year revenue is expected to deliver double-digit growth Dan stated that despite external market pressures, management remains cautiously optimistic regarding full-year operations, expecting double-digit revenue growth with gross profit margin to improve steadily from the 22.4% recorded in 1H 2026. By segment, the acoustics and electromagnetic drives business is expected to deliver single-digit full-year revenue growth, with gross margin likely to improve further from the 28.6% recorded in the first half. The precision mechanics and heat dissipation business continues to be a powerful growth engine, with full-year revenue expected to increase by more than 30%. Gross margin in this segment reached 23.1% in the first half and is expected to rise further in the second half. The optics business saw a YoY decline in revenue, reflecting industry conditions and customer mix, but overall gross margin remained resilient. Gross margin of plastic lenses and G+P hybrid lenses improved by more than 5 percentage points YoY, driven by yield and process optimization. The Group is increasing the shipment mix of 6P-and-above high-end lenses and accelerating certification and onboarding with overseas customers. The sensor and semiconductor business, benefiting from AI-driven upgrades in end devices, is expected to grow full-year revenue by 15%–20%, with gross margin improving steadily. Automotive acoustics, leveraging vertically integrated solutions spanning speakers, amplifiers and professional tuning, is expected to grow full-year revenue by 15%–20% despite a weaker auto market. Gross margin may decline by around 2 percentage points YoY, reflecting intensified industry competition and changes in product mix. Among the global leaders in AI thermal management Rapid advances in the AI industry have triggered a surge in thermal-management demand. In 1H 2026, AAC Technologies’ heat dissipation revenue surged approximately 400% YoY to RMB1.10 billion, highlighting its strong growth momentum. According to Dan, AAC Technologies now ranks among the global leaders in consumer-electronics thermal management and among China’s top-three AI-server liquid-cooling providers by market size. In consumer electronics, shipments of the Group’s high-performance innovative vapor chambers (VCs) continued to ramp, and mass-production preparations for next-generation products are progressing smoothly. In AI computing, the Group is pursuing a dual-market expansion strategy covering both domestic and overseas markets. Yuandi (Guangzhou) Digital Technology Co., Ltd., a subsidiary of the Group, has commenced scaled mass production and global batch deliveries of high-power centralized liquid-cooling CDUs, with monthly delivery capacity exceeding 600 units, firmly placing it among the industry’s leading players. Proprietary WLG technology enters optical communications Dan noted that co-packaged optics (CPO), a key technology direction for next-generation high-speed optical interconnects, imposes more stringent requirements on optical alignment — opening an important application scenario for WLG technology. AAC Technologies’ proprietary, self-developed WLG wafer-level glass molding technology offers advantages in high precision, superior consistency and large-scale mass production. The Group is actively engaging in technical exchanges, factory audits and sample submissions with leading overseas optical communications companies, including top-tier players providing high-speed interconnect chips for AI and cloud infrastructure. In AR optics, AAC Technologies has built a one-stop optical system design and simulation solution covering waveguides and light engines. Dan said the Group has become the industry’s first company to achieve volume delivery of full-color light engines serving top-tier customers. In single-layer surface relief grating (SRG) diffractive optical waveguides, it is also the first in the industry to achieve mass production using etching processes. First-ever integration of acoustics and electromagnetic drives To capture AI industry growth opportunities, AAC Technologies has combined its former acoustics and electromagnetic drives businesses — the first organizational integration of these two core segments since the Company’s listing. The combined segment generated revenue of RMB6.01 billion in the first half, up 14.2% YoY, with a gross profit margin of 28.6%. During the reporting period, the segment secured key breakthroughs across several new business lines. Projects related to active cooling fans have successfully passed customer certification and are expected to become standard configurations for high-end models over time, with further expansion into servers, robotics and other markets. Robotic motors and modules secured project design wins from several leading global customers, with certain projects already entering mass production. In addition, AAC Technologies is strategically expanding into the robot systems business, with relevant projects expected to enter mass production by the end of 2026. “One of the Group’s core strengths is its technology platforms plus cross-scenario reuse,” Dan said. Going forward, the Group will further deepen the integration of the acoustics and electromagnetic drives segment, unlocking synergies across technologies, production capacity and customer resources. While solidifying its core position in consumer electronics, the Group will deliver comprehensive solutions into emerging tracks such as automotive, humanoid robotics and AI terminals, continuously unlocking product value-add and long-term growth potential. Robotics business expected to reach RMB400–700 million in 2027 Regarding the development pace of the robotics industry, Dan noted that the ultimate form of embodied AI remains unsettled. Beyond humanoid robots, task-specific robots for professional scenarios, desktop AI interactive devices and other form factors are being explored in parallel, with product maturity and commercialization timelines varying significantly across use cases. Leveraging its long-standing expertise in precision electromagnetic drives, the Group is building capability moats around universal core components for robots — including motors, rotary joints and gimbal modules. It has already established deep partnerships with several leading overseas robotics companies, spanning core-component supply and joint technology development, and can flexibly address the differentiated needs of different robot form factors. Based on the current project pipeline, Dan said the Group’s robotics-related business is expected to reach RMB400–700 million in 2027. Looking ahead, as large AI models migrate to the edge and multi-form robot applications penetrate faster with accelerating commercialization, the segment is expected to see even stronger growth in the coming years. AI new businesses poised to exceed RMB8 billion next year Addressing market concerns over the impact of rising memory chip prices on the smartphone supply chain, Dan said that, despite industry pressure, AAC Technologies’ traditional smartphone businesses maintained a stable-to-improving gross margin, thanks to the Company’s solid core technology foundation and continuous improvements in internal operational efficiency. Dan further noted that, based on first-half operating performance and the internal outlook for the second half, AAC Technologies has effectively withstood the pressure from declining smartphone shipments and managed the impact of this round of memory-chip price increases on the handset supply chain. Looking at the Company’s medium- to long-term strategic roadmap, Dan revealed that the overall scale of the Company’s AI-related new businesses is expected to reach RMB8–9 billion by 2027, transforming these emerging segments into AAC Technologies' core growth engine. By business line, 2027 scale is expected as follows: - Vapor chambers (VCs) and active cooling: around RMB5 billion - AI devices and gimbal modules: around RMB1.5 billion - CDU liquid cooling and cold plates: around RMB1 billion - robotic core components: RMB400–700 million - new automotive acoustics initiatives: around RMB500 million - WLG optical communications: around RMB100 million in initial revenue “The RMB8–9 billion scale is only a beginning,” Dan emphasized. AI-driven industry transformation is just getting started. The new businesses the Company is focused on — including edge AI hardware, data center liquid cooling, XR, robotics and intelligent cockpits — are expected to grow far faster than traditional businesses over the next three to five years, continuously unlocking growth momentum. Source: Hong Kong Commercial Daily Original article: https://www.hkcd.com.hk/content_app/2026-08/21/content_8770919.html
- Shougang Century Accelerates Global Expansion as New Materials Strategy Opens Up New Growth OpportunitiesCompanies: Shougang GroupShougang Century Holdings Limited (0103.HK) maintained growth in the first half of 2026, with revenue rising 14.1% year on year and export business continuing to accelerate. More notable than the headline figures is the transformation underway at a manufacturer that has specialized in steel cord for decades. The Company is simultaneously cultivating new growth engines in advanced materials: horizontally extending its tyre reinforcement materials portfolio into industrial rayon, while vertically applying its precision metal-wire manufacturing capabilities to robotics, a key future growth sector. A transition from a single-product steel cord supplier into a collaborative advanced-materials platform is increasingly taking shape. Horizontal Expansion: Partnering with a Global Rayon Leader to Build a Dual Reinforcement Materials Portfolio of Steel Cord and Industrial Rayon The Company recently entered into a cooperation framework agreement (the "Cooperation Framework Agreement") with HONG KONG BMC (EUROPE I) LIMITED ("HK BMC"). Pursuant to the agreement, the parties preliminarily intend to jointly establish a joint venture, with a view to achieving complementary strengths and synergies in the field of tyre reinforcement materials and jointly exploring the global market for industrial rayon products. The proposed cooperation marks a further horizontal extension by Shougang Century along its existing tyre reinforcement materials value chain, with a multi-material product portfolio combining steel cord and industrial rayon gradually taking shape. According to the announcement, HK BMC is a controlling shareholder of Germany-based Cordenka GmbH & Co. KG ("Cordenka"). Cordenka is a world-leading manufacturer of industrial rayon, a high-performance tyre carcass reinforcement material. Shougang Century and Cordenka are both major suppliers of tyre reinforcement materials, with a highly overlapping customer base and strong business complementarity. This initiative is not a move into an unrelated sector, but a targeted extension along the Company's existing value chain. Steel cord and industrial rayon are both important components of tyre reinforcement materials. The announcement noted that Shougang Century and Cordenka have highly overlapping customer bases and complementary businesses. Following the establishment of the joint venture, the parties plan to integrate product lines and customer resources, further strengthening their influence and brand presence in the global tyre supply chain. This means that Shougang Century would not need to build market channels for industrial rayon entirely from scratch. Instead, it is expected to leverage the parties' existing relationships with leading global tyre manufacturers to pursue product synergies and cross-selling within established certification and supply-chain systems. Shougang Century has already built a solid customer base, with customer coverage of approximately 90%, 70% and 66% among the world's top 10, top 20 and top 50 tyre companies, respectively. Its three largest customers continue to be well-known overseas tyre manufacturers. Meanwhile, Cordenka brings technology expertise and international customer resources in industrial rayon. The strong overlap between their customer bases and the complementary nature of their products could deepen product penetration within individual customers and enhance synergies across the global tyre supply chain. From a longer-term strategic perspective, the industrial rayon initiative also aligns with Shougang Century's push toward higher-end product development, sustainability and globalization. In recent years, the Company has continued to increase the proportion of Super Tensile (ST) and Ultra Tensile (UT) steel cord products, while a new generation of Mega Tensile (MT) products is gradually being introduced to the market. The Company has also begun volume supply of products containing more than 70% recycled steel. Cordenka's industrial rayon, meanwhile, is produced from wood pulp and has a lower carbon footprint than conventional petrochemical-based materials. If the cooperation progresses smoothly, Shougang Century's tyre reinforcement materials portfolio could expand from steel cord alone to a combination of steel cord and industrial rayon, enriching its product mix while further strengthening its higher-end, sustainable and global positioning. Vertical Breakthrough: Robot Tendon Cables Enter Commercial Validation as Precision Manufacturing Capabilities Expand into New Applications At the same time, Shougang Century is extending its existing materials expertise and manufacturing capabilities into new high-growth applications. Building on its long-standing capabilities in precision steel-wire drawing, stranding and metal-material processing, the Company has installed a full set of production equipment dedicated to robot tendon cables. Its products cover tendon cables made from a range of metallic materials, including steel wire and tungsten wire. The Company can also apply surface coatings and manufacture terminals according to customer requirements, supporting a wide range of customized specifications. It has already engaged with multiple downstream robotics companies, and as certain product samples have received customer approval and entered small-batch supply, Shougang Century's robot tendon cable business has begun the commercial validation stage. Market analysts noted that industrial rayon represents Shougang Century's horizontal expansion within the tyre reinforcement materials value chain, while robot tendon cables represent an extension of the Company's precision metal-wire manufacturing capabilities into emerging applications such as robotics. Together, these two pathways broaden the growth potential of the Company's advanced-materials business. From a capital markets perspective, Shougang Century is developing a clearer multi-layered growth profile. Its traditional steel cord business provides the operating foundation, while overseas market expansion and upgrades to higher-end ST, UT and MT products support growth in the core business. New-materials businesses such as industrial rayon and robot tendon cables, meanwhile, could open up additional growth opportunities and valuation upside. Alongside growth, the Company continues to strengthen shareholder returns. The final dividend for 2025 was HK7.8 cents per share, representing an expected total dividend payment of approximately HK$40.5 million and a payout ratio of about 72% based on earnings per share. Under the previously announced dividend distribution plan for 2024 to 2028, the Company intends to distribute no less than HK$40 million in dividends each year, further reinforcing the foundation for long-term shareholder returns alongside business expansion. As the new industrial rayon cooperation advances and new businesses such as robot tendon cables enter the commercial validation stage, Shougang Century is extending beyond its traditional steel cord business toward a broader model of globalized tyre reinforcement materials and diversified advanced materials. As the relevant projects are implemented, synergies across products, customers and application scenarios are expected to be further unlocked, accelerating the Company's evolution from a traditional steel cord manufacturer into a global advanced-manufacturing platform.
- Hong Kong strengthens position as Asia's leading sustainable fashion hubHong Kong's position as one of Asia's most prominent sustainable fashion hubs has been further strengthened, with the HKTDC ESG Index 2026 released by the Hong Kong Trade Development Council (HKTDC) for the fashion industry rising to 65.5 in 2026, up 2.3 percentage points from 2025. The increase reflects growing industry confidence in Hong Kong as a premier platform for sustainable fashion development and ESG-related business opportunities. The latest findings also highlight the increasing commercial value of sustainability. Among exhibitors offering ESG-related products or services, 61% reported achieving additional profit margins of at least 10%, while 47% of buyers sourcing ESG-related products were willing to pay a premium of 10% or more. The results show that ESG (Environmental, Social, and Governance) is increasingly embedded across the fashion value chain, while businesses recognise its potential to drive innovation, competitiveness and growth. The proportion of fashion practitioners considering ESG essential rose from 85% in 2025 to 92% in 2026, with those rating it "very important" increasing overall from 15% to 23%. This trend was markedly stronger among Chinese Mainland respondents, with 45% of whom regarded ESG as "very important" in business decision-making, representing a significant 27 percentage-point increase compared with 2025. HKTDC Principal Economist (Global Research Team) Alice Tsang, said: "The latest findings show sustainability is becoming an increasingly important commercial driver for the fashion industry. Not only are more companies integrating ESG into their business strategies, but many are also seeing tangible financial benefits. The strong profit margins reported by ESG-related suppliers, together with buyers' willingness to pay significant premiums for sustainable products, demonstrate that sustainability helps create business value. This trend, combined with Hong Kong's strengths in international connectivity, green finance and professional services, reinforces the city's role as a leading sustainable fashion hub in Asia." Hong Kong's ESG ecosystem earns strong industry recognition Hong Kong's strengthening position as a sustainable fashion hub was reflected across all three ESG dimensions. While the overall ESG Index rose to 65.5, all three sub-indices for the fashion industry also recorded gains, with the Environmental Sub-index increasing to 64.3, the Social Sub-index climbing to 67.0, and the Governance Sub-index advancing to 66.1. The results indicate that fashion practitioners increasingly value Hong Kong's strengths in green finance and sustainable investment opportunities, cross-border ESG knowledge exchange and business collaboration, as well as its effective ESG reporting framework and international connectivity. Together, these advantages reinforce Hong Kong's role as a leading platform for sustainable fashion development in Asia. ESG adoption delivers business value In addition to assessing Hong Kong's strengths as a sustainable fashion hub, the research highlights that sustainability is increasingly becoming an integral part of business strategy, product development and sourcing decisions, reflecting both evolving market expectations and emerging business opportunities. Other key findings: The share of fashion practitioners engaged in sourcing or selling ESG-related products and services rose from 33% in 2025 to 46% in 2026. Sustainable supply chain platforms (54%), AI analytics (31%) and supplier collaboration tools (31%) were identified as the most valuable digital solutions that Hong Kong offers for supporting ESG compliance. Respondents cited tools for better transparency and traceability (44%), ESG certification (40%), and ESG audits and risk analysis solutions (28%) as the top three supply chain solutions that Hong Kong offers for complying ESG reporting requirements across complex supply chains. HKTDC Director of Research Bruce Pang added: "Fashion businesses increasingly recognise Hong Kong's unique strengths and solutions, which positions the city as an ideal platform for companies looking to identify sustainable business opportunities, forge international partnerships and navigate evolving global ESG requirements. With events like CENTRESTAGE facilitating the exchange and showcase of innovative and sustainable fashion, Hong Kong is well placed to support the industry's transition towards a more sustainable future." HKTDC advancing sustainable fashion development The HKTDC is committed to promoting sustainable business development through its trade fairs, conferences, market intelligence and business-matching platforms. From Fashion InStyle and NEXT@Fashion InStyle, which drive innovation in sustainable fashion and materials, to CENTRESTAGE, taking place this September, where designers, brands and buyers will explore emerging trends including sustainability and responsible fashion, HKTDC continues to connect industry players with new ideas, partners and opportunities. Beyond fashion, HKTDC advances dialogue on ESG, sustainability reporting and green finance through major conferences and research initiatives, supporting businesses in navigating the global sustainability transition. Reference: Full article of “Very Much in Style: ESG in the Fashion Industry”: https://research.hktdc.com/en/article/MjQwMzc3MzI2NA HKTDC Research website: https://research.hktdc.com/en/ CENTRESTAGE 2026: https://www.hktdc.com/event/centrestage/en Media enquiries: For enquiries, please contact: HKTDC Communication and Public Affairs Department: Christy Lee Tel: (852) 2584 4369 Email: [email protected] Agnes Wat Tel: (852) 2584 4554 Email: [email protected] HKTDC Mediaroom: http://mediaroom.hktdc.com/en About HKTDC The Hong Kong Trade Development Council (HKTDC) celebrates its 60th anniversary this year. The HKTDC is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With over 50 offices globally, including 13 in the Chinese Mainland, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus.
- Hong Kong strengthens position as Asia's leading sustainable fashion hubHong Kong's position as one of Asia's most prominent sustainable fashion hubs has been further strengthened, with the HKTDC ESG Index 2026 released by the Hong Kong Trade Development Council (HKTDC) for the fashion industry rising to 65.5 in 2026, up 2.3 percentage points from 2025. The increase reflects growing industry confidence in Hong Kong as a premier platform for sustainable fashion development and ESG-related business opportunities. The latest findings also highlight the increasing commercial value of sustainability. Among exhibitors offering ESG-related products or services, 61% reported achieving additional profit margins of at least 10%, while 47% of buyers sourcing ESG-related products were willing to pay a premium of 10% or more. The results show that ESG (Environmental, Social, and Governance) is increasingly embedded across the fashion value chain, while businesses recognise its potential to drive innovation, competitiveness and growth. The proportion of fashion practitioners considering ESG essential rose from 85% in 2025 to 92% in 2026, with those rating it "very important" increasing overall from 15% to 23%. This trend was markedly stronger among Chinese Mainland respondents, with 45% of whom regarded ESG as "very important" in business decision-making, representing a significant 27 percentage-point increase compared with 2025. HKTDC Principal Economist (Global Research Team) Alice Tsang, said: "The latest findings show sustainability is becoming an increasingly important commercial driver for the fashion industry. Not only are more companies integrating ESG into their business strategies, but many are also seeing tangible financial benefits. The strong profit margins reported by ESG-related suppliers, together with buyers' willingness to pay significant premiums for sustainable products, demonstrate that sustainability helps create business value. This trend, combined with Hong Kong's strengths in international connectivity, green finance and professional services, reinforces the city's role as a leading sustainable fashion hub in Asia." Hong Kong's ESG ecosystem earns strong industry recognition Hong Kong's strengthening position as a sustainable fashion hub was reflected across all three ESG dimensions. While the overall ESG Index rose to 65.5, all three sub-indices for the fashion industry also recorded gains, with the Environmental Sub-index increasing to 64.3, the Social Sub-index climbing to 67.0, and the Governance Sub-index advancing to 66.1. The results indicate that fashion practitioners increasingly value Hong Kong's strengths in green finance and sustainable investment opportunities, cross-border ESG knowledge exchange and business collaboration, as well as its effective ESG reporting framework and international connectivity. Together, these advantages reinforce Hong Kong's role as a leading platform for sustainable fashion development in Asia. ESG adoption delivers business value In addition to assessing Hong Kong's strengths as a sustainable fashion hub, the research highlights that sustainability is increasingly becoming an integral part of business strategy, product development and sourcing decisions, reflecting both evolving market expectations and emerging business opportunities. Other key findings: The share of fashion practitioners engaged in sourcing or selling ESG-related products and services rose from 33% in 2025 to 46% in 2026. Sustainable supply chain platforms (54%), AI analytics (31%) and supplier collaboration tools (31%) were identified as the most valuable digital solutions that Hong Kong offers for supporting ESG compliance. Respondents cited tools for better transparency and traceability (44%), ESG certification (40%), and ESG audits and risk analysis solutions (28%) as the top three supply chain solutions that Hong Kong offers for complying ESG reporting requirements across complex supply chains. HKTDC Director of Research Bruce Pang added: "Fashion businesses increasingly recognise Hong Kong's unique strengths and solutions, which positions the city as an ideal platform for companies looking to identify sustainable business opportunities, forge international partnerships and navigate evolving global ESG requirements. With events like CENTRESTAGE facilitating the exchange and showcase of innovative and sustainable fashion, Hong Kong is well placed to support the industry's transition towards a more sustainable future." HKTDC advancing sustainable fashion development The HKTDC is committed to promoting sustainable business development through its trade fairs, conferences, market intelligence and business-matching platforms. From Fashion InStyle and NEXT@Fashion InStyle, which drive innovation in sustainable fashion and materials, to CENTRESTAGE, taking place this September, where designers, brands and buyers will explore emerging trends including sustainability and responsible fashion, HKTDC continues to connect industry players with new ideas, partners and opportunities. Beyond fashion, HKTDC advances dialogue on ESG, sustainability reporting and green finance through major conferences and research initiatives, supporting businesses in navigating the global sustainability transition. Reference: Full article of “Very Much in Style: ESG in the Fashion Industry”: https://research.hktdc.com/en/article/MjQwMzc3MzI2NA HKTDC Research website: https://research.hktdc.com/en/ CENTRESTAGE 2026: https://www.hktdc.com/event/centrestage/en Media enquiries: For enquiries, please contact: HKTDC Communication and Public Affairs Department: Christy Lee Tel: (852) 2584 4369 Email: [email protected] Agnes Wat Tel: (852) 2584 4554 Email: [email protected] HKTDC Mediaroom: http://mediaroom.hktdc.com/en About HKTDC The Hong Kong Trade Development Council (HKTDC) celebrates its 60th anniversary this year. The HKTDC is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With over 50 offices globally, including 13 in the Chinese Mainland, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus.
- CITIC Resources' 2026 Interim Net Profit Up 88.3%Companies: CITIC LimitedCITIC Resources Holdings Limited (“CITIC Resources” or the “Company”, together with its subsidiaries, the “Group”; Stock Code: 1205.HK) has announced its unaudited interim results for the six months ended 30 June 2026 (the “Period”). During the Period, the Group capitalised on the opportunities presented by the upward cycle of commodity prices, proactively adjusted its operating strategy, and adopted a proactive approach focused on increasing reserves and production while capturing sales opportunities. As a result, profit attributable to ordinary shareholders of the Company increased by approximately 88.3% year-on-year to approximately HK$0.29 billion. For the oil and gas business, on the basis of its annual production stabilisation and growth targets, the Group optimised its production mix by prioritising the release of production capacity from high-margin blocks to fully benefit from the price upside. The JSC Karazhanbasmunai (“KBM”) oilfield advanced the development of its coastal area while managing the production decline of existing wells, achieving production capacity replacement. Newly drilled wells in the Hainan-Yuedong Block oilfield achieved the highest daily oil production of any new wells in the field in nearly six years. The Seram Block oilfield validated and implemented perforation and water shutoff programmes to tap the remaining oil potential. For the non-oil-and-gas business, under the principle of “control is essential for subsidiaries, exercising of rights is essential for participating interests”, the Group further strengthened its shareholder engagement, deepened its involvement in project management and operational decision-making, actively captured the pricing windows for aluminium, coal and other products, and optimised sales phasing and inventory management to enhance overall value creation. Meanwhile, the Group capitalised on the high share price of Alcoa to optimise its asset structure by reducing its Alcoa shareholding in the first quarter of 2026, realising proceeds of approximately US$366 million. The Group also established a Singapore trading company to fully leverage the geographical advantages of the Singapore platform, continuously expanding trading channels and customer networks, and transferring its oil and gas trading operations to the new entity in an orderly manner. The Group will continue to explore supply chain deployment and diversify trading models, with a view to steadily increasing the revenue scale of its oil and gas trading business. During the Period, the Group recorded revenue of approximately HK$5.07 billion (1H2025: approximately HK$9.38 billion), representing a year-on-year decrease of approximately 46.0%. The decrease was primarily attributable to the sharp reduction in oil and gas trading resources available in the market due to the situation in the Middle East, which significantly heightened transaction uncertainties and prompted the Group to proactively de-risk by reducing its oil and gas trading volume by approximately 60.5% year-on-year. Nevertheless, most of the Group’s segments and investments recorded profits during the Period, and the Group continued to maintain a strong financial position. Benefiting from the cash received from the disposal of a significant portion of its Alcoa shares, the Group’s cash and deposits increased significantly to approximately HK$7.04 billion as at 30 June 2026 (31 December 2025: approximately HK$3.52 billion). As at 30 June 2026, the Group’s total assets amounted to approximately HK$15.97 billion, while net assets attributable to ordinary shareholders of the Company amounted to approximately HK$9.37 billion; the debt-to-asset ratio was approximately 40.3%, and the annualised return on equity was approximately 6.6%. The Group maintained a healthy asset position, ample liquidity and a solid operating foundation, enabling it to effectively navigate market volatility and build up financial reserves in support of its “Investment + Trade” dual-driver development strategy. Mr. Hao Weibao, Executive Director, Chairman and Chief Executive Officer of CITIC Resources, said: “Looking ahead, facing an external environment where opportunities and challenges coexist, we will remain unwavering in deepening our ‘Investment + Trade’ dual-driver development strategy, and systematically advance our work on ‘Upstream Asset Deployment, Trading Business Expansion and Production and Operation Enhancement’. For upstream asset deployment, we will focus on the oil and gas and aluminium industry chains as core areas, actively tracking and prudently screening quality assets with cost competitiveness and resource potential. For trading business expansion, we will focus on the restorative growth of trading volumes and the enhancement of sales prices for equity oil to fully improve our market value conversion capabilities. For production and operation enhancement, we will leverage technological innovation and lean management as dual enablers to systematically enhance the operational efficiency and value contribution of our existing assets. Pursuing organic growth and external expansion in parallel, we will make steady and sustainable progress in a complex and volatile external environment, and remain fully committed to delivering stable and sustainable long-term returns to our shareholders.” For details of CITIC Resources’ 2026 interim results, please refer to the Group’s interim results announcement on the Hong Kong Stock Exchange and the Group’s website. About CITIC Resources Holdings Limited (Stock Code: 1205.HK) CITIC Resources Holdings Limited has been listed on the Hong Kong Stock Exchange since 1997. The principal activities of CITIC Resources include the exploration, development and production of oil and coal, investments in bauxite mining, alumina refining and aluminium smelting, as well as oil and gas trading. CITIC Limited is the largest shareholder of CITIC Resources with an interest of about 59.5%.
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- Univest Securities, LLC Announces Closing of $5.0 Million Registered Direct Offering Priced At-The-Market Under Nasdaq Rules for its Client Singularity Future Technology Ltd. (NASDAQ: SGLY)Univest Securities, LLC (“Univest”), a member of FINRA and SIPC, and a full-service investment bank and securities broker-dealer firm based in New York, today announced the closing of a registered direct offering (the “Offering”) of approximately $5.0 million for its client Singularity Future Technology Ltd. (NASDAQ: SGLY) (the "Company"), a global logistics integrated solution provider.