WUHU, China, Oct. 29, 2026 (GLOBE NEWSWIRE) -- LUXEED staged its Global Brand Launch in Wuhu on October 21, unveiling its two flagships: the high-performance luxury sport SUV Stormax and the flagship luxury business MPV LLounge.

At the launch, LUXEED unveiled the core design and technologies underpinning the vehicles' driving dynamics, while defining its global proposition for driving pleasure. Stormax, a high-performance luxury sport model, is engineered for pure driving control, while LLounge, the brand's flagship luxury business model, focuses on effortless, refined comfort.

Although designed for different needs, both reflect LUXEED's belief that driving pleasure is not exclusive to sports cars, but the shared value at the core of both flagships.

Core Architecture: Engineering the Foundation of Driving Pleasure

Both flagships feature Vehicle Motion Control (VMC), which coordinates six vehicle domains-electric drive, braking, steering, suspension, body control and thermal management-to deliver precise, responsive handling. Both models are also equipped with dual-chamber air suspension and Continuous Damping Control (CDC) dampers, helping absorb road imperfections, control body movement and reduce roll through corners.

Stormax further enhances its driving dynamics with a suite of performance-focused hardware, including 6-piston fixed front calipers with FNC-ventilated brake discs, an all-aluminum double-wishbone front suspension with virtual steering axis and four ball joints, and a five-link independent rear suspension, adaptive to every road condition.

Combining global R&D capabilities with specialist chassis engineering and meticulous calibration, LUXEED brings hardware and software together to establish a strong foundation for driving pleasure.

Performance in Reserve: Confidence When It Counts

Building on LUXEED's AERO WING design language, Stormax features sculpted surfaces shaped to enhance aerodynamic efficiency and overall performance. With acceleration from 0 to 100 km/h in 3.8 seconds and a top speed of 251 km/h, it delivers serious performance. Yet the focus extends beyond outright speed to confident, composed control. When BOOST mode is activated, the powertrain delivers an immediate surge of power, putting exhilarating performance at the driver's command.

Big Vehicle, Nimble Handling: A Different Kind of Driving Pleasure

Despite its length of more than 5.3 metres, LLounge delivers agile, confident handling without compromising driving performance. Its rear-wheel steering system, with a steering angle of up to ?7?, helps the more-than-5.3-metre-long MPV achieve a turning radius of just 5.35 metres. The system enhances manoeuvrability during U-turns and parking while helping maintain stability at higher speeds. The result is a more agile, assured driving experience in a vehicle of this size.

Driving Pleasure that Sets You Free

For LUXEED, driving pleasure means making every journey more engaging. Built on a strong technical foundation, pioneering design, performance reserves and advanced chassis hardware, LUXEED delivers a responsive, agile and composed driving experience. Across models designed for different needs, the brand makes driving pleasure a defining part of the experience-bringing its promise of "Driving Pleasure that Sets You Free" to life.

At the launch, LUXEED also unveiled its global expansion roadmap. From 2026 to 2030, the brand plans to enter more than 60 markets worldwide, bringing its driving pleasure to more customers through "one global standard, one enriched experience" - consistent products, retail experiences and services across markets.

Copyright 2026 GlobeNewswire, Inc.

How does Pharmaprojects data reveal drug trends, competition and opportunities?

NEW YORK, Oct. 29, 2026 (GLOBE NEWSWIRE) -- Citeline, a Norstella company and leading provider of clinical, drug and commercial intelligence for the life sciences industry, continues its partnership with LEO Pharma, a global leader in medical dermatology, to provide pharmaceutical pipeline intelligence.

Information on drugs in development is ingested from Citeline's Pharmaprojects database into LEO Pharma's proprietary AI tool, the Innoviewer, supporting LEO Pharma in monitoring industry competition as well as identifying market opportunities for partnerships, licensing and acquisitions.

Pharmaprojects contains 90,000 drug profiles - including 20,000 in active development - delivering a complete view of the global R&D pipeline across diseases, drugs, and companies. Spanning the drug development lifecycle from early discovery to launch, Pharmaprojects data also reveals medical device and AI-driven health trends.

"For over forty years, Pharmaprojects has provided the industry with timely, accurate and comprehensive information for drugs in development," says Suzanne Caruso, President, Citeline Clinical, Regulatory and Strategic Intelligence at Norstella. "Our data is curated by subject-matter experts who not only track trends but analyze them, too. This enables our customers, like LEO Pharma, to make highly informed business decisions. And with our API, we offer a seamless way for customers to integrate our gold-standard data into their own platforms."

"We are pleased to continue our collaboration with Citeline, integrating external data with our internal knowledge about skin biology and dermatology to help power our machine-assisted asset scouting and evaluation," says Mikkel Lundorf, Digital Lead, External Innovation, LEO Pharma A/S.

To learn more about Pharmaprojects, visit Citeline.com.

About Citeline

Citeline, backed by the strength of Norstella, the AI company for biopharma's highest-stakes decisions, powers a full suite of complementary business intelligence offerings to meet the evolving needs of life science professionals to accelerate the connection of treatments to patients and patients to treatments. These patient-focused solutions and services deliver and analyze data used to drive clinical-, commercial- and regulatory-related decisions and create real-world opportunities for growth.

Citeline's global teams of analysts, journalists and consultants keep their fingers on the pulse of the pharmaceutical, biomedical and medtech industries, covering them all with expert insights: key diseases, clinical trials, drug R&D and approvals, market forecasts and more. For more information on one of the world's most trusted health science partners, visit Citeline and follow on LinkedIn and X.

Copyright 2026 GlobeNewswire, Inc.

Source: PhotonPay

Led by Blockchain Capital, the funding will accelerate the expansion of PhotonPay's stablecoin-centric Financial OS, connecting stablecoin liquidity with global fiat networks to unlock digital assets for everyday corporate operations and cross-border settlement.

HONG KONG SAR - Media OutReach Newswire - 29 October 2026 - PhotonPay today announced the closing of a $40 million Series C funding round led by Blockchain Capital, with participation from new investor SBI Group and follow-on investments from existing investors IDG Capital, GL Ventures, and Lightspeed Faction. Blacksheep Technology acted as exclusive financial advisor to PhotonPay on the transaction.

The new capital will support the expansion of PhotonPay's stablecoin-centric Financial Operating System (Financial OS), with investment focused on enhancing multi-asset wallet capabilities, expanding global card issuing, strengthening local clearing infrastructure in key markets, and developing an agent-ready financial execution layer.

As of August 2026, PhotonPay's annualized transaction volume reached US$65 billion. The company has secured 34 payment and financial licenses and regulatory authorizations across the Americas, Europe and Asia, and serves over 200,000 business customers across more than 200 countries and territories.

As stablecoins move beyond crypto-native use cases into corporate treasury, settlement and commercial spending, PhotonPay sees the next phase of global finance not as a choice between stablecoins and fiat currencies, but as the convergence of both. Its Financial OS connects on-chain liquidity with the banking, clearing and card networks businesses rely on for everyday operations.

"Moving money across borders in seconds means little if it still takes days to put that capital to work," said Lewison Chen, Founder and CEO of PhotonPay. "Stablecoins are accelerating global money movement, while local clearing and global card issuing connect that liquidity to local settlement and everyday business spending. Our Financial OS brings these capabilities together, making the underlying infrastructure far less visible to businesses, even as it becomes more essential than ever."

"At the same time, business software is becoming increasingly autonomous," Chen added. "AI is shifting financial workflows from people manually operating fragmented tools toward systems that understand business intent and coordinate execution across assets, accounts and financial rails. That creates the foundation for agentic commerce. Stablecoins change how money moves. AI changes how it gets put to work. But commerce is still what money is for."

Moving Money Across Assets and Markets

PhotonPay's Financial OS brings together multi-asset wallets, global money movement, foreign exchange, local clearing, and global card issuing through an integrated API-first architecture. This unified system gives businesses access to the financial capabilities they need to manage and deploy funds across markets.

Stablecoins sit at the core of this architecture. PhotonPay's multi-asset wallet connects stablecoin liquidity with fiat balances, integrating asset conversion, foreign exchange, and local clearing into a single connected workflow. This enables businesses to move funds across supported on-chain and traditional financial networks, turning digital asset liquidity into purchasing power for local payments and everyday corporate spending.

Supporting this dual-rail infrastructure is PhotonPay's established global financial network. Businesses can open local collection accounts in 17 key markets and receive funds in more than 60 currencies. On the payout side, the network supports over 100 payment routes across local clearing systems, bank transfers, and digital wallets, including payouts to 74 major local e-wallets. Approximately 97% of payout transactions reach recipients within hours or on the same day, with 68% arriving in real time.

Global card issuing extends these capabilities into programmable business spending. Through PhotonPay's APIs, businesses and platforms can issue virtual and physical cards, configure granular spending controls, and embed card payments directly into their software and automated workflows. Over the past 12 months, PhotonPay issued 4.4 million cards, up 275% YoY.

Beyond its first-party payment solutions, PhotonPay makes its infrastructure available through embedded finance, enabling technology platforms to natively integrate global accounts, payments, and card issuing into their own products. The company now serves more than 100 enterprise and platform partners, extending the reach of its Financial OS into industry-specific workflows.

From Financial Intent to Agentic Commerce

As AI agents assume active operational roles, financial infrastructure must evolve beyond API access to enable programmable, policy-governed execution. It requires systems capable of translating high-level instructions into coordinated financial actions, with deterministic controls governing how those actions are executed.

In May 2026, PhotonPay and Mastercard completed a live agentic payment demonstration using a tokenized PhotonPay card, validating AI-initiated transactions across existing global card networks.

Building on this milestone, PhotonPay is developing standardized financial interfaces designed for developers and AI agents. With planned support for the Model Context Protocol (MCP), PhotonPay aims to make account information, balances, card functions, and payments accessible as composable financial primitives, allowing AI agents to securely retrieve context and initiate financial workflows within defined authorization boundaries.

To govern this agent-ready layer, PhotonPay is developing a policy-based execution framework designed to enforce programmable authorization rules, spending limits, and transaction-level controls. The framework is intended to enable AI agents to coordinate financial tasks across supported accounts and assets, while ensuring that execution remains subject to explicit, enforceable policies set by businesses.

PhotonPay is also advancing its AI-assisted risk review capabilities, designed to identify complex cases for human assessment. Together, these initiatives reflect a foundational principle of autonomous finance: AI may interpret intent and coordinate tasks, but financial execution must remain governed by verifiable authorization, deterministic controls, and auditable records.

"Connecting financial networks is only the beginning. The real breakthrough is abstracting that complexity behind a unified, programmable financial layer, so businesses and AI agents can move from intent to execution within clearly defined boundaries," said Chen.

Simple on the Surface, Deep by Design

The promise of a Financial OS is simplicity: enabling businesses to manage assets, route money, and execute payments through a unified financial operating layer. Yet delivering that simplicity requires deep financial infrastructure beneath the surface.

While stablecoins accelerate borderless value transfer, turning that liquidity into local settlement, supplier payments, and corporate spending still depends on established banking relationships, domestic clearing rails, foreign exchange infrastructure, and global card networks. Each market brings its own regulatory and operational requirements.

For PhotonPay, building a Financial OS means abstracting these fragmented global networks into a programmable, interconnected financial system. The objective is not to eliminate financial complexity, but to manage it within the underlying infrastructure, so businesses can operate without having to navigate these systems themselves.

"AI can simplify how businesses interact with financial services, but it cannot replace the infrastructure required to deliver them," said JP Pi, Chief Compliance Officer at PhotonPay. "Establishing local financial capabilities takes years of investment, institutional partnerships, and regulatory engagement. Software or AI models alone cannot replicate that depth. The simplicity businesses experience is the result of that heavy lifting, not a substitute for it."

PhotonPay has engineered a financial foundation spanning both stablecoin and fiat rails, connecting multi-asset conversion with local clearing networks. Institutional partnerships with J.P. Morgan, Standard Chartered, and DBS, alongside connections to domestic payment systems such as Brazil's Pix and Mexico's SPEI, form the backbone of this network.

The new capital will enable PhotonPay to strengthen its local clearing and compliance infrastructure in existing markets while expanding into new jurisdictions, scaling the reach of its Financial OS across corporate spending, embedded finance, and agentic commerce.

"Businesses want one provider that can handle their payments across currencies and markets, whether they're using bank transfers, stablecoins or cards. Lewison and his team have spent a decade building the banking relationships, licenses and local payment infrastructure to deliver that. We believe PhotonPay's ability to bring these capabilities together gives it a strong advantage as businesses adopt stablecoins for everyday payments." - BCAP，Yuanhan Li，Partner

"As stablecoins become increasingly integrated into global payment systems, bridging digital assets with traditional financial infrastructure will be essential to unlocking their real-world potential. PhotonPay's established global payment network and its vision for a stablecoin-centric Financial OS align closely with SBI Group's strategy to advance digital financial infrastructure and expand the practical adoption of digital assets. We look forward to supporting PhotonPay's continued growth and exploring opportunities for strategic collaboration across the SBI Group ecosystem." - Eiichiro So, CEO & Managing Director of SBI Ven Capital

About PhotonPay

Founded in Hong Kong in 2015, PhotonPay is a global fintech company building a next-generation, stablecoin-centric Financial Operating System (Financial OS). Its API-first architecture brings together multi-asset wallets supporting stablecoins and fiat currencies, global money movement, foreign exchange, global card issuing, embedded finance, and local clearing infrastructure, connecting digital and traditional financial rails within an integrated financial system.

PhotonPay operates 16 offices worldwide, employs nearly 600 people, and holds 34 payment and financial licenses and regulatory authorizations across the Americas, Europe and Asia. The company serves businesses across more than 200 countries and territories.

For more information, visit www.photonpay.com.

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

Hashtags: #PhotonPay #SeriesC #Stablecoin

https://www.photonpay.com

Teams can import a Katalon Studio project as a single zip, see exactly which steps will carry over before anything is created, and land every supported test case as an already-authored KaneAI test in a new Test Manager project

SAN FRANCISCO and NOIDA, Oct. 29, 2026 (GLOBE NEWSWIRE) -- TestMu AI, the Full Stack Agentic AI Quality Engineering platform, announced one-click migration from Katalon. Teams can now move their Katalon Studio desktop web tests into KaneAI, TestMu AI's end-to-end AI testing agent, without retyping or rebuilding a single test.

The migration runs inside TestMu AI Test Manager. A team uploads its Katalon project as one zip file of up to 500 MB. Test Manager reads the archive, finds the test suites and test cases, and translates the Katalon operations it recognizes into KaneAI instructions. Every supported test case lands in a new Test Manager project as a KaneAI New Experience test that is ready to open, edit and run the moment the import finishes.

What sets the migration apart is the review that happens before anything is created. A four-screen step-by-step review shows  which steps translate, which are excluded, and which KaneAI handles on its own, such as opening, maximizing and closing the browser. Each supported case carries an "Imports X of Y steps" count and conversion notes that flag where a translated step may behave differently from the original. Teams decide what comes across; nothing is created until they confirm the final preview.

Key capabilities of the Katalon migration:

*         Authored, not archived: Imported cases arrive as editable KaneAI tests, not read-only copies of the original suite.

*         Compatibility shown up front: Supported and unsupported cases are listed separately, with a Step Error Type filter that groups incompatibilities by category so large projects can be triaged at once.

*         Partial imports are a choice: Cases with unsupported steps stay excluded by default. Teams can use Import Anyway to bring in the supported steps and repair the rest in KaneAI.

*         Masked values restored on the way in: The review lists  every masked variable from the Katalon export and lets teams save each value as a Secret or a Global Variable.

*         Work continues during import: The import runs in the background, with progress shown on the Projects page and an email on completion.

Once imported, cases behave like any other case in Test Manager. They can be versioned, grouped into plans and cycles, linked to defects. Migration currently covers desktop web tests only; it does not bring over mobile app tests, generated code, step screenshots or past execution history.

"Teams rarely stay on a testing tool because they love it. They stay because moving years of test cases is painful," said Mudit Singh, Co-Founder, TestMu AI. "Katalon migration removes that wall. You upload a zip, see exactly what will carry over, and your tests arrive in KaneAI already authored and ready to run. We built the review step on purpose. No one should migrate blind, and no one should have to rebuild what they already have."

Katalon migration is available now to all TestMu AI users with access to Test Manager, under Projects > Import Data. To get started, read the migration guide or the walkthrough on the TestMu AI blog.

About TestMu AI

TestMu AI is a Full Stack Agentic AI Quality Engineering platform that empowers teams to test intelligently and ship faster. Engineered for scale, it offers end-to-end AI agents to plan, author, execute, and analyze software quality across web, mobile, and enterprise applications on real devices, real browsers, and custom real-world environments. TestMu AI Agents accelerate testing throughout the entire SDLC, moving beyond automation to agentic intelligence.

Copyright 2026 GlobeNewswire, Inc.

From design and camera to AI, OPPO has taken R&D, testing, and manufacturing to the next level in the making of its latest flagship series.

SHENZHEN, CHINA - Media OutReach Newswire - 29 October 2026 - Following the global debut of Find X10 Series-featuring industry-leading camera hardware, including the industry-first Triple 200MP Camera System on Find X10 Pro Max, the next-generation LUMO True Image Engine, an all-new flagship design, and the latest AI-powered ColorOS 17-OPPO today invited members of the media for a closer look at the next-level making behind its new True Camera Phone.

From what users see and feel on the outside, to the technologies and intelligence inside, and the manufacturing behind them, the Next Level of Making tour revealed OPPO's integrated approach to product design, mobile imaging, and AI, where each technology and feature is developed, tested, and verified through rigorous processes designed to deliver exceptional levels of quality and consistency on a global scale.

"Quality is the foundation of OPPO's entire product portfolio, and our control over the product creation process is what allows us to realize this commitment at scale," said Ling Liu, Overseas CMO of OPPO. "Last year, we introduced Apex Guard to show how our commitment to quality goes beyond everyday use, product lifespans, and industry standards. This year, we are opening up our development, testing, and manufacturing processes to unveil how that vision translates into the Next Level of Making, and ultimately elevates the products and experiences we deliver."

The Making of Clean and Sophisticated Design

For OPPO, achieving the Next Level of Making starts with product design, where purposeful functionality, signature aesthetics, and meticulous craftsmanship merge the latest technology and timeless style intuitively into one.

At the heart of this vision is OPPO's Clean and Sophisticated design language, exemplified on Find X10 Series by the phone's One-Piece Sculpted Glass design. The glass back cover gradually rises toward the camera area, introducing a finely sculpted transition before reaching the camera module. This subtle, three-level design softens the visual impact of the camera, creating a clear visual hierarchy that allows the camera to blend more naturally into the overall body of the phone.

On the Luna White edition of Find X10 Pro Max, this philosophy is taken further through a unique design drawing inspiration from classic cameras. Lining the vertical edge of the camera module, a fluted texture crafted through high-precision CNC engraving makes a nod to the focus ring seen on classic lenses. Complementing this, Luna White introduces a distinctive two-tone treatment with a delicate woven texture recreated within the matte glass surface. At first glance, the rear cover appears clean and pure white, but as the phone turns with the light, the fine woven pattern gradually comes into view, adding subtle depth and warmth beneath the minimalist surface.

The final design is the result of continuous testing, refinement, and close collaboration between OPPO's Industrial Design and CMF teams. The Luna White colorway alone has undergone over 40 rounds of fine-tuning to achieve the desired tone, and a single rear-panel pattern requires more than 10 rounds of refinement across multi-stage precision treatments to achieve the intended appearance and durability needed to bring the design of the True Camera Phone to life.

The Making of a "Hasselblad True-to-Life Camera"

The same commitment to next-level making that shapes the product's exterior extends to the camera system within.

Building on the co-development with Hasselblad that began in 2022, OPPO continues to reimagine its optical expertise for mobile. On Find X10 Series, three Hasselblad modes-Master Mode, Hi-Res Mode, and Portrait Mode-enable professional control, crystal-clear quality, and optical-quality bokeh, while industry-leading camera hardware combined with a next-generation LUMO True Image Engine bring natural color, fine detail, and lifelike tone to visual content.

The LUMO True Image Engine operates across three primary imaging architectures: the LUMO Natural Tone Engine delivers linear tonal rendering in default photo mode, the LUMO True Color Engine gains more accurate source information from the 24-channel multispectral sensor to reproduce color naturally, and the LUMO Hyper Pixel Engine enables continuous 26MP output by default across the main, telephoto, and ultra-wide cameras from ultra-wide to 9.9x zoom in Auto Mode, and uses multi-frame fusion to produce full-resolution 200MP photos with fine details at native focal length supported by 200MP sensors in Hasselblad Hi-Res Mode.

Reaching this level of realism requires extensive testing and validation at both the technical and perceptual levels. OPPO evaluates image quality against established industry benchmarks while applying its own True-to-Life criteria to ensure light and shadow appear vivid, colors remain faithful, and details appear lifelike in every image. HDR performance, facial brightness, and skin-tone gradation are assessed across 40 different lighting conditions to ensure tone remains balanced. For color testing, OPPO goes beyond the industry-standard 24-color chart, testing instead against 140 different colors to achieve more precise color reproduction across different hues and saturation levels. Lifelike human head models with real hair and wrinkles provide even more insights into how well the camera preserves intricate details and authentic textures without introducing overprocessed artifacts.

Laboratory testing is complemented by real-world shooting scenarios, combining objective metrics with human-led visual tuning to create the True Camera Phone. To simulate the challenges of filming a live concert, OPPO uses a dedicated stage setup that recreates demanding lighting and shooting conditions, while multi-axis robotic arms simulate natural hand movements and vibrations to assess image stabilization, with additional telephoto testing to help ensure consistent performance at different zoom levels.

The Making of a Truly Personal AI Experience

The Next Level of Making is ultimately about creating technology that better serves the people who use it. Through the latest ColorOS 17, OPPO has brought system-level AI to Find X10 Series, supported by a dedicated security framework that makes every interaction smarter, smoother, and more secure.

The updated AI Mind Pilot supplements the existing Ask Mode with a new Agent Mode powered by the third-party AI agent Manus to achieve a major breakthrough in system-level AI. Operating directly on the device across the photos and files, the new AI agent understands complex context and executes multi-step workflows in real time. For creative tasks, ColorOS 17 also introduces a new AI Photo Agent backed by OPPO's proprietary Visual-Language Model and six expert image models. By interpreting visual references and natural-language instructions provided by the user, or proactively suggesting suitable edits, AI Photo Agent makes the edits that users actually want, allowing the creative process to become more intuitive for everyone.

Behind these capabilities is a global computing infrastructure designed to ensure consistent, reliable AI performance for OPPO users around the world. OPPO operates nine Internet Data Centers across six regions, each deployed based on the specific regulatory requirements, network and cloud infrastructure in the local market. With 99.99% availability, these data centers support round-the-clock operations and coordinated services worldwide.

Alongside this growth in AI capabilities, OPPO's AI Security Framework prioritizes privacy and security by safeguarding user data at every stage of the AI lifecycle, from model training to everyday use. All OPPO data management practices align with local regulations and established operational controls, and OPPO's Private Computing Cloud, developed in partnership with Google, isolates and protects user data when processed in the cloud.

A Smart Manufacturing Ecosystem Built for Scale

Since becoming one of the first smartphone companies to introduce automated manufacturing in 2017, OPPO has continued to expand its intelligent production capacity, today operating nine smart manufacturing centers globally. Spanning China, India, Indonesia, Egypt, Turkey, Brazil, Pakistan, and Bangladesh, these facilities operate at a high level of automation, with over 95% of Surface Mount Technology (SMT) production lines and an average of 85% of final assembly lines fully automated.

At the Chang'an Intelligent Manufacturing Center in China, early-stage R&D concepts are tested using over 300 automated testing stations on final assembly lines, accelerating the time needed from initial innovation to high-quality production at scale. The center is also responsible for final assembly, shipping up to 7,200 finished OPPO Find X10 Pro Max devices every day.

Through continuous innovation in key manufacturing processes-including display assembly, automated camera module installation, airtightness testing, and battery compartment inspection-OPPO continues to improve assembly precision and manufacturing consistency, allowing it to bring more advanced and reliable products to users worldwide.

About OPPO

OPPO is a leading global smart device brand. Since the launch of its first mobile phone - "Smiley Face" - in 2008, OPPO has been in relentless pursuit of the perfect synergy of aesthetic satisfaction and innovative technology. Today, OPPO provides a wide range of smart devices spearheaded by the Find and Reno series.

Beyond devices, OPPO also provides its users with ColorOS operating system and internet services. OPPO has footprints in more than 90 countries and regions, with more than 40,000 employees dedicated to creating a better life for customers around the world.

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

Hashtags: #OPPO #FindX10Series #NextLevelOfMaking

JS007 for the First-Line Treatment of Advanced Hepatocellular Carcinoma

SHANGHAI, Oct. 29, 2026 (GLOBE NEWSWIRE) -- Shanghai Junshi Biosciences Co., Ltd (Junshi Biosciences, HKEX: 1877; SSE: 688180), a leading innovation-driven biopharmaceutical company dedicated to the discovery, development, and commercialization of novel therapies, announced that the first patient dosing has been completed in a multi-center, randomized, controlled, and open-label phase 3 clinical study evaluating the efficacy and safety of the company's product, recombinant humanized anti-PD-1/VEGF bispecific antibody (code: JS207), in combination with recombinant humanized anti-CTLA-4 monoclonal antibody (code: JS007) compared to toripalimab in combination with bevacizumab for the first-line treatment of advanced hepatocellular carcinoma (JS207-017-III-HCC Study, NCT07823348).

Liver cancer is a common malignant tumor of the digestive system worldwide, with hepatocellular carcinoma (HCC) being the main pathological type (accounting for approximately 90%). China bears an exceptionally heavy disease burden of liver cancer. According to statistics of GLOBOCAN 2024, there were approximately 354,100 new liver cancer cases and 303,800 liver cancer deaths in China in 2024, making it the second leading cause of cancer-related death after lung cancer. Due to its insidious onset, over 50% of patients are diagnosed at an intermediate or advanced stage.

Systemic therapy is an important treatment modality for intermediate and advanced liver cancer, which primarily includes molecular targeted drugs, immunotherapy and systemic chemotherapy. However, as the median overall survival of current first-line systemic therapies is less than 2 years, there remain substantial unmet clinical needs for patients with intermediate and advanced liver cancer.

In October 2026, the results of a phase 2 clinical study of JS207 in combination with JS007 for the first-line treatment of advanced HCC were presented at the European Society for Medical Oncology (ESMO) Congress 2026 (Abstract No.: #1693eP). The study results showed that the drug combination therapy exhibited robust anti-tumor activity. A total of 36 patients received treatment of JS207 in combination with JS007 (3 mg/kg Q6W for two cycles, and 1 mg/kg Q6W (i.e. recommended dose) thereafter). Among 34 efficacy-evaluable patients, the objective response rate (ORR) of combined treatment reached 44.1%, the disease control rate (DCR) reached 85.3%, the median progression-free survival (PFS) had not yet been reached, and the six-month PFS rate reached 67%. The drug combination therapy was well tolerated.

JS207-017-III-HCC study is a multi-center, randomized, controlled, open-label phase 3 clinical study. The study aims to evaluate the efficacy and safety of JS207 in combination with JS007 compared to toripalimab in combination with bevacizumab for the first-line treatment of advanced hepatocellular carcinoma. This study plans to enroll 560 subjects, and the primary endpoints are PFS and overall survival (OS).

About JS207

JS207 is a recombinant humanized anti-PD-1/VEGF bispecific antibody self-developed by Junshi Biosciences, mainly used for the treatment of advanced malignant tumors. JS207 can simultaneously bind to PD-1 and VEGFA with high affinity, effectively block the binding of PD-1 to PD-L1 and PD-L2, and inhibit the binding of VEGF to its receptor. JS207 has the efficacy properties of both immunotherapeutic drugs and anti-angiogenic drugs. Through the neutralization of VEGF, JS207 inhibits the proliferation of vascular endothelial cells, improves the tumor microenvironment and increases the infiltration of cytotoxic T lymphocytes in the tumor microenvironment, thereby achieving better anti-tumor activity.

JS207 is designed based on the high-affinity, clinically proven and differentiated anti-PD-1 drug toripalimab as the backbone. The anti-PD-1 moiety of JS207 adopts a Fab structure to maintain binding affinity to PD-1 and thereby attain better enrichment in the tumor microenvironment. The anti-VEGF moiety has a binding affinity for human vascular endothelial growth factor that is comparable to that of bevacizumab. In non-clinical in vitro cytological tests, compared with the combination of an anti-PD-1/PD-L1 monoclonal antibody and a VEGF monoclonal antibody, a bispecific antibody simultaneously targeting PD-1/PD-L1 and VEGF demonstrated significantly enhanced PD-1 antigen binding and internalization, and synergistic enhancement of the NFAT signaling pathway, thereby better activating immune cells in the tumor microenvironment.

About JS007

JS007 is a recombinant humanized anti-CTLA-4 monoclonal antibody injection self-developed by the Company, mainly used for the treatment of advanced malignant tumors. Cytotoxic T lymphocyte-associated antigen-4 (CTLA-4) is an important receptor for T cell surface modulates immune response. Studies have shown that JS007 is able to bind to CTLA-4 specifically and block the interaction between CTLA-4 and its ligand B7 (CD80 or CD86) effectively, thereby activates T-lymphocyte and inhibits the growth of tumor.

About Junshi Biosciences

Founded in December 2012, Junshi Biosciences (HKEX: 1877; SSE: 688180) is an innovation-driven biopharmaceutical company dedicated to the discovery, development and commercialization of innovative therapeutics. With our outstanding capacity for innovative drug discovery, strong biotechnology R&D capability, and large-scale production capacity, we have successfully developed a drug candidate portfolio with global competitiveness and a well-structured research pipeline, which covers therapeutic areas including cancer, autoimmune, metabolic, and infectious diseases.

Our innovative field spans cutting-edge therapeutic modalities, including mAbs, small-molecule drugs, ADCs, bsAb/msAb, fusion proteins, nucleic acid drugs and vaccines. Five of the company's products have received marketing authorizations in China and international markets, one of which is toripalimab, China's domestically developed anti-PD-1 monoclonal antibody. Toripalimab has been approved in over 50 countries and regions including China, the US, and Europe.

With a mission of "providing patients with world-class, trustworthy, affordable, and innovative drugs," Junshi Biosciences is "In China, For Global." The company currently employs more than 3,000 people worldwide. Headquartered in Shanghai, China, it has a business presence in multiple countries and regions around the world. For more information, please visit: http://www.junshipharma.com.

Copyright 2026 GlobeNewswire, Inc.

Two new data centres aim to bring robust infrastructure, lower latency and in-region data residency to local and European customers

New AI and cloud products unveiled to meet the growing demand of enterprise AI in Europe

AMSTERDAM, NETHERLANDS - Media OutReach Newswire - 29 October 2026 - Alibaba Cloud, a leading global provider of AI infrastructure and the intelligence backbone of Alibaba Group, today announced the launch of its first public cloud region in the Netherlands, located in Amsterdam, with two new data centres now available to meet growing European demand for cloud and AI services. The announcement was made at the first International Apsara Conference, Alibaba Cloud's flagship technology event in Amsterdam, the Netherlands.

"The Netherlands is one of Europe's most vibrant digital economies, and our first region here is a direct response to the strong demand we see from local businesses building and scaling with AI. By bringing our advanced AI and cloud capabilities to Amsterdam, we are giving customers the in-region infrastructure, performance and data residency they need to innovate faster, scale securely and operate with greater efficiency in the AI era," said Dr. Feifei Li, Chief Technology Officer and President of International Business, Alibaba Cloud Intelligence.

The launch reflects surging customer demand as European businesses scale cloud-native operations and integrate AI at scale. By establishing infrastructure locally, Alibaba Cloud can deliver more resilient, low-latency services, strengthen disaster recovery, and support customers who require their data to be processed and stored locally in Netherlands and within Europe.

The new region offers a comprehensive suite of cloud computing products-spanning elastic computing, storage, container, networking, big data, security, database and cloud-native services. To meet the growing demand for enterprise agents across Europe, Alibaba Cloud also plans to bring a suite of agentic AI services to the region.

These products include ACS Agent Sandbox, which provides hardware-level security isolation while reducing the operational cost of AI agents; Agent Security Center, an integrated defense platform for AI agents; AI Security Guardrails 2.0, an upgraded security solution with end-to-end risk detection capabilities; Agentic SOC, an enterprise-grade, AI agent-driven security operations platform; and STAROps, a comprehensive intelligent operations platform. Together, these products are designed to streamline the building and running of enterprise-scale agents in a secure environment, giving enterprises full-cycle management of agent engineering.

During the conference, Alibaba Cloud also unveiled the latest generation of Apsara Stack, a flexible hybrid cloud solution built on public cloud architecture for public sector and enterprise AI workloads. The new solution delivers more than 80 cloud and AI products and provides round-the-clock service to customers worldwide. Powered by AI-driven operations and maintenance, it has improved operational accuracy to 92.5% and increased automation rates to 70%.

Apsara Stack offers a seamless hybrid cloud experience by bringing full-stack capabilities on premises. The platform combines flexible deployment and licensing with robust disaster recovery and enhanced security. This enables finance, telecom and public sector organizations to maintain controlled asset ownership and compliance while benefiting from agile cloud scalability.

Building a Robust Ecosystem with Customers and Partners to Thrive in the AI-powered Digital Era

As AI and cloud adoption accelerate, the new Netherlands region enhances Alibaba Cloud's ability to deliver AI-ready infrastructure to European businesses?improving resilience, reducing latency, strengthening data localisation and supporting broader digital transformation goals. A growing ecosystem of Netherlands-based innovators is already building on Alibaba Cloud's advanced and secure cloud and AI technologies.

JetBrains, a software development company is working with Alibaba Cloud to explore the integration of Qwen models to power Junie, JetBrains AI coding assistant, across both cloud and local scenarios. The collaboration gives JetBrains and its developers strong cost-to-performance, early access to frontier Qwen models, and the flexibility to choose where models run ? from in-region cloud to fully local, on-device setups.

"AI development is moving quickly, and developers need the freedom to choose the tools and models that work best for them. Working with Alibaba Cloud gives us an opportunity to combine JetBrains' expertise in software development and AI with Alibaba Cloud's infrastructure and AI capabilities, giving developers more choice while keeping them in control of how they build with AI," said Kirill Skrygan, CEO of JetBrains.

Netherlands-based LLM platform orq.ai has partnered with Alibaba Cloud to integrate Qwen models into its hosted model garden, served natively from Alibaba Cloud's AI development platform Model Studio. This integration allows orq.ai's customers to access diversified cutting-edge generative AI while maintaining strict EU data localisation.

"For us at orq.ai, the value of local infrastructure is what businesses can build on it. We welcome Alibaba's investment in the Netherlands and look forward to working together to help more organisations put AI into everyday use in a reliable and scalable way," said Anthony Diaz, Co-Founder and CPTO, orq.ai.

Monks, a global digital-first marketing and technology services company headquartered in Amsterdam is integrating Alibaba's latest generative AI models into Monks.Flow, its proprietary end-to-end AI marketing platform through Alibaba Cloud Model Studio platform. By leveraging Alibaba Cloud's advanced AI capabilities, Monks can deliver highly ambitious creative assets faster, providing global brands with greater speed-to-market and flexible token optionality. The companies plan to expand the use of these models beyond content creation into wider marketing workflows, with Monks adopting Alibaba latest AI models in the future.

"AI moves fast. Our job is to turn that progress into a creative and commercial advantage for our clients, and to provide flexibility and optionality in their token usage. Our partnership with Alibaba Cloud will give our teams access to its latest image, video and language models for use in Monks.Flow, helping us bring more ambitious ideas to life and get great work into market faster," said Wesley ter Haar, Co-Founder of Monks and Chief AI Officer.

Magnific, the world's leading AI platform for creatives serving more than one million subscribers and thousands of enterprise clients worldwide, has integrated Alibaba's advanced AI models into its platform to help content creators generate, enhance, and refine content more efficiently, while unlocking new levels of creativity and productivity.

"We are pleased to partner with Alibaba and integrate its advanced AI models into Magnific. This collaboration strengthens our platform and gives creators more powerful tools to accelerate their work and expand their creative possibilities," said Jose Florido, CGO from Magnific.

Idea.ai, an Amsterdam-based digital design marketplace, has leveraged Alibaba's advanced AI models to power its next generation of generative media inside idea.ai, delivering high-quality, cost-competitive creative tools to its tens of millions of registered users. The two companies plan to deepen their collaboration across the full creative spectrum.

"We are committed to making great creative tools accessible to everyone, and Alibaba Cloud's advanced AI models help us deliver that at scale cost-effectively. This is just the start; we're excited to deepen the collaboration across the whole creative industry," said Roemie Hillenaar, CEO and Co-founder, Idea.ai.

Alibaba Cloud's Growing Presence Across Europe

As part of Alibaba's previously announced US$53 billion investment in AI and cloud infrastructure, the new Netherlands region expands Alibaba Cloud's global infrastructure to 109 availability zones across 32 regions worldwide, providing secure, scalable and robust cloud and AI infrastructure to support customers everywhere on their digital innovation journeys.

Joining Alibaba Cloud's existing European regions in Germany (Frankfurt), the UK (London) and France (Paris), the Netherlands becomes the company's fourth region in Europe, giving businesses more in-region options for data residency and keeping their data and AI workloads within Europe.

In addition, Alibaba Cloud is also planning to establish its first cloud regions in Finland, while expanding its data center footprints in Germany and France over the next 12 months. The expansion will further increase Alibaba Cloud's global computing capacity and strengthen its ability to provide localized cloud and AI services to customers across key European markets.

About Alibaba Cloud

Alibaba Cloud (www.alibabacloud.com) is a global leader in full-stack AI+Cloud solutions. It offers a comprehensive suite of flexible, scalable and secure cloud services built on a three-tiered architecture of Infrastructure-as-a-Service (IaaS), Platform-as-a-Service (PaaS) and Model-as-a-Service (MaaS). Alibaba Cloud empowers enterprises worldwide with its full-stack AI capabilities, powered by Qwen (Chinese: Qianwen), a family of large language and multimodal AI models developed by Alibaba. Debuted in 2023, Qwen models are available to global developers via HuggingFace (open-weight) or through API on Model Studio, Alibaba's one-stop, enterprise-grade AI development platform offering access to the full suite of Qwen foundation models.

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

Hashtags: #AlibabaCloud

Photo: Xiang Fang, Corporate Vice President and President of Wireless Network Solution of Huawei, unveiling innovation breakthroughs for new communications networks

Source: Huawei

*The innovation breakthroughs for pioneering new communications networks include RetinaMIMO, new materials, and OSCAR solution among other root technologies. By tackling coverage, energy consumption, and capacity challenges, the breakthroughs drive ubiquitous experience, simplified and green networks, and superior spectral efficiency. The breakthroughs have unlocked a wealth of new capabilities, including the world's first commercial U6 GHz device VitaAAU, GigaGreen Plus series, and UBBPi series.

*Huawei promotes A2A-T standards and drives commercial open-source OpenAN through extensive partnerships to build an open telecom agent ecosystem.

SHANGHAI, CHINA - Media OutReach Newswire - 29 October 2026 - At Huawei Decoding China 2026, Fang Xiang, Corporate Vice President and President of Wireless Network Solution of Huawei, unveiled a series of innovation breakthroughs to pioneer new communications networks.

The innovation breakthroughs mark major leaps in root technologies focused on ubiquitous experience, simplified and green networks, and superior spectral efficiency. With the breakthroughs, Huawei has launched the world's first commercial U6 GHz device VitaAAU, GigaGreen Plus series, and UBBPi series. Additionally featuring the new progress in open ecosystem for telecom agents, the breakthroughs will lay a solid foundation for new communications networks.

With booming intelligent devices and services, new devices, traffic, and applications are taking shape in the mobile industry. The new devices are expanding network connectivity from people to things and agents, increasing the number of connections by 100 times. Device-cloud synergy for intelligent services calls for stronger uplink capabilities to support training and inference, shifting network focus from downlink dominance to both uplink and downlink.

With new applications, come a diversity of new interaction modes, calling for higher standards in experience and driving networks to support ubiquitous steady ultra-low latency with a high reliability.

As the world steps into an intelligent era, the value of connectivity is not only about quantity-it's more about quality. This has been inspiring Huawei to convert cutting-edge breakthroughs into the commercial practices of new communications networks by focusing on root technologies for ubiquitous experience, simplified and green networks, and superior spectral efficiency.

Pioneering ubiquitous experience

RetinaMIMO is a new pioneering technology designed to solve the challenge of concurrent ultra-high bandwidth and ubiquitous coverage. It features the industry's first Retina scanning system that allows RF link topologies to be reconstructed to eliminate coverage collapse in the vertical direction. It also adopts a reconstructed antenna array architecture to address the diminishing marginal gains as array elements (AEs) increase.

Based on RetinaMIMO, Huawei has launched the world's first commercial U6 GHz device VitaAAU. Compared with similar products with 1024 AEs, VitaAAU widens coverage by about 30%, enabling U6 GHz to match C-band in both horizontal and vertical directions. This enables operators to deliver U6 GHz coverage for new communications networks on their C-band sites, minimizing overall TCO. To date, VitaAAU has seen commercial adoption in the UAE and other markets, with peak downlink speeds exceeding 10 Gbps, making ubiquitous premium experience a reality.

Pioneering simplified, green networks

Huawei's pioneering EP power amplifier (PA) architecture capitalizes on new materials and technologies to solve the problem of energy efficiency decline on higher frequency bands, maximizing energy conversion efficiency. The industry's first-ever multimode dielectric filters allow antennas to have small dimensions and low power consumption on multi-channel networks with high frequency bands. Powered by new materials, technologies, and architectures, VitaAAU antenna is reduced to 1.5 m in diameter while supporting "0 Bit 0 Watt 0 Loss", delivering superior energy saving efficiency. These innovations enable Huawei's GigaGreen Plus series products to achieve significant reductions in dimensions, weight, and power consumption, better positioned to power simplified and green networks.

Pioneering superior spectral efficiency

Multi-band, multi-cell, and multi-user interference is a major restrictive factor of capacity. The time scaling of the Tau (τ) law is introduced to base stations for the first time to realize optimal dynamic resource scheduling across all domains based on the OSCAR solution. With low-latency bus and high-speed interconnect technology, a high-speed architecture is built to enable the real-time exchange of massive data. Thanks to software and hardware synergy, new UBBPi series products improve average user experience by 1.3 times while reducing power consumption by approximately 40%, further improving spectral and energy efficiency.

Pioneering open-source autonomous networks

Autonomous networks have emerged as an inevitable choice to deal with the growing AI services and increasing network complexity. RANSpirit is another industry first from Huawei, implementing single-domain network autonomy based on the telecom foundation model and digital twins. To date, RANSpirit is serving more than 1.2 million cells across 25 networks around the world, providing assistance to more than 2,000 engineers.

Extensive agent collaboration relies on an open, win-win ecosystem. This galvanizes Huawei to join industry partners to develop ecosystem standards, communities, and industry alliances. In terms of standards, Huawei adapts to the TM Forum, building a cross-agent foundation on the A2A-T standard and framework agreed upon by the industry.

In terms of communities, Huawei jointly promotes neutral open-source communities and donates open-source agent components to the Linux Foundation, driving global collaboration and innovation. With regard to industry alliances, Huawei has taken the initiative to pool ecosystem strengths to accelerate business implementation based on the GSMA industry platform.

Fang concluded with the reiteration of Huawei's unswerving pursuit of dual-drive innovation to promote new breakthroughs in mobile networks and work with partners from around the world to deepen the OpenAN ecosystem, advancing new communications networks through technological innovation and open collaboration.

FAQs

Q1: Why is it challenging to balance ultra-high bandwidth and ubiquitous coverage?

Ultra-high bandwidth depends on higher frequency bands. As we know, a higher frequency leads to a greater propagation loss of electromagnetic waves and a weaker ability for them to penetrate obstacles, because high-frequency signals attenuate fast and have short coverage distances, while ubiquitous coverage requires signals to travel a long distance in complex environments. Inherently, the two priorities pull in sharply opposite directions.

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

Hashtags: #Huawei

October 29, 2026

New CE-marked solution leverages the industry-leading Philips Azurion platform to integrate CT-derived insights and treatment planning directly into the procedural workflow, helping physicians make informed decisions during treatment.

Amsterdam, the Netherlands - Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, and a pioneer in image-guided therapy, today announced the launch of Philips UniGuide 3D Live Guidance in Europe and other CE-marked markets.

Interventional care increasingly depends on combining information from multiple imaging sources. Philips is advancing its vision of a more connected interventional ecosystem. UniGuide represents the next step in that journey by enabling physicians to access relevant planning information within the same workflow they use to guide treatment. Built on the foundation of the Philips Azurion platform, a widely adopted image-guided therapy system known for its workflow efficiency and user experience, UniGuide helps physicians bring pre-procedural planning insights directly into the live procedure, allowing physicians to access planning information where treatment decisions are made.

The first release of UniGuide connects preprocedural CT insights to the live Azurion workflow, supporting more informed, patient-specific treatment decisions in PCI, structural heart and complex vascular procedures.

Built on the strength of Azurion

For more than a decade, Philips has been at the forefront of innovation in interventional cardiology. Its industry-leading Azurion platform has helped cath labs worldwide simplify workflows, improve staff efficiency and support better patient care by combining advanced imaging, intuitive user interaction and seamless workflow integration.

The next frontier is making better use of the wealth of information available before treatment even begins.

Bringing insights from CT scans into the procedure

CT imaging provides detailed 3D insights before an intervention, helping physicians assess vessel characteristics, understand disease presentation, and plan treatment strategies. However, those insights are often reviewed separately from the systems used during the procedure, requiring physicians to switch between platforms and mentally correlate planning information with live image guidance.

Integrated directly into the Azurion environment, UniGuide is designed to address this challenge by making relevant CT-derived information available within the workflow physicians already use every day.

For coronary interventions (CT-guided PCI), insights derived from a coronary CT angiography (CCTA) scan performed before PCI can be combined with live image guidance through 3D overlay visualization or synchronized side-by-side display. This enables physicians to access vessel information and additional CT-derived insights, including plaque characteristics and other disease-related information, during the procedure.

"Bringing CT into the cathlab creates a huge opportunity for those patients who have already undergone CT imaging," said Prof. Javier Escaned, MD, PhD, Head of the Interventional Cardiology Section, Hospital Cl?nico San Carlos and Complutense University, Madrid. "Access to the CT angiogram allows us to assess relevant aspects of the vessels we are going to treat, improve procedural planning, and improve the precision of the intervention. We can also review specific aspects of the CT inside the cathlab using the table-side touchscreen (TSM) and synchronize the movement of the 3D CT rendering with the C-arm. Together, these capabilities contribute to better guidance and higher precision of the interventions.

Open ecosystem for Philips and compatible third-party planning sources

UniGuide supports an open planning ecosystem, allowing healthcare providers to use planning insights from Philips Advanced Visualization Workspace and compatible third-party solutions within the live Azurion workflow [1]. This flexibility helps protect existing investments while giving healthcare providers greater choice in how they plan and guide interventions.

Designed for usability and workflow efficiency

UniGuide is fully integrated into the Azurion workflow, allowing physicians to access CT and planning information on the large FlexVision display and interact with 3D guidance through the tableside Touch Screen Module. By minimizing the need to move between systems and workstations, UniGuide helps keep the focus on the patient and procedure.

In a Philips usability study, 93% of participating clinicians believed that bringing planning information directly into the procedural workflow could help improve cath lab efficiency and performance, while 80% indicated that UniGuide's automation and intuitive user experience could help physicians maintain focus during procedures. [2]

"We are increasingly able to understand a patient's anatomy and plan complex procedures well before the patient enters the interventional suite. With UniGuide, we're putting that knowledge to work during treatment, connecting CT planning with live guidance to help physicians make more informed, patient-specific decisions," said Darshan Doshi, Interventional Cardiologist and Chief Medical Officer for Image Guided Therapy Devices at Philips.

A foundation for the future of image-guided therapy

UniGuide marks Philips' broader strategy to build on the capabilities of the Azurion platform and create a more connected environment for image-guided therapy. By bringing planning, diagnostic, and procedural information together within a single workflow, Philips aims to support clinical decision-making during complex interventions while enabling access to increasingly comprehensive clinical information.

Over time, Philips intends to expand this foundation across multiple imaging modalities, clinical applications, and procedure types, making relevant information available when and where treatment decisions are made.

Philips UniGuide 3D Live Guidance is CE marked and is available for sale in CE-marked markets from October 23, 2026. UniGuide 3D Live Guidance is currently not available for sale in the United States.

[1] The preprocedural planning solution should meet the DICOM conformance statement issued by Philips.

[2] Results obtained during a Philips claims substantiation study performed in March 2026. Responses are based on 15 clinicians from the United States who completed a questionnaire following a usability study and additional hands-on time with Philips Azurion and UniGuide.

About Royal Philips 

Royal Philips (NYSE: PHG, AEX: PHIA) is a leading health technology company focused on improving people's health and well-being through meaningful innovation. Philips' patient- and people-centric innovation leverages advanced technology and deep clinical and consumer insights to deliver personal health solutions for consumers and professional health solutions for healthcare providers and their patients in the hospital and the home.

Headquartered in the Netherlands, the company is a leader in image-guided therapy, diagnostic imaging, ultrasound, monitoring, enterprise informatics and personal health. Philips generated 2025 sales of approximately EUR 18 billion and employs approximately 63,700 employees with sales and services in more than 100 countries. News about Philips can be found at www.philips.com/newscenter.

Copyright 2026 GlobeNewswire, Inc.

Nanterre, Oct. 29, 2026 (GLOBE NEWSWIRE) --

Increase in the price of the simplified tender offer for North Atlantic Energies shares

Nanterre, October 29, 2026 - North Atlantic France today announces its decision to increase the price of the mandatory tender offer under the simplified procedure that it will file for the shares of North Atlantic Energies it does not already own (the "Offer") to ?75 per share.

North Atlantic France recalls that, on November 28, 2025, it announced the successful closing of its acquisition of 82.89% of the share capital and voting rights of Esso S.A.F., renamed North Atlantic Energies, at a price of ?26.19 per share, and that it would file the Offer at a price initially set at ?28.93 per share. North Atlantic France specified on June 8, 2026 that it would not request the implementation of a squeeze-out procedure as part of the Offer, which it hereby reaffirms.

The increase in the price of the Offer follows in-depth discussions with Ledouble SAS, the independent expert.

The Offer will be filed with the Autorit? des march?s financiers (the "AMF") during November 2026. The Offer documentation, including the independent expert's fairness opinion on the financial terms of the Offer, will be submitted to the AMF for review, and the Offer will open once the AMF has issued its compliance decision.

MEDIA CONTACTS

France: Brunswick Group - northatlantic@brunswickgroup.com

Hugues Bo?ton: +33 6 79 99 27 15

Paul Priam: +33 6 84 39 09 89

Canada: Mark Duggan - markduggan@northatlantic.ca

+1-709-687-3136

ABOUT NORTH ATLANTIC

For nearly four decades, North Atlantic has been a market leader in the retail gas and convenience sector, as well as the residential, commercial, and wholesale fuel industries in Newfoundland and Labrador. Recently, through a joint venture with Suncor Energy, North Atlantic expanded its retail division into Nova Scotia and Prince Edward Island, through North Sun Energy. As managing partner, North Atlantic operates 110 fuel retail sites across all three provinces.

North Atlantic has ambitious plans for future growth and development in strategic locations across the region. Known for its expertise in acquiring and delivering exceptional products, North Atlantic caters to both domestic and industrial sectors while also serving global clients through their marine bunkering distribution channels. North Atlantic is committed to strategic growth to deliver innovative and green energy solutions aligned with evolving global needs. By driving industry progress, North Atlantic is supporting new skills and new jobs for this dynamic landscape. North Atlantic remains committed to providing exceptional energy, fuel and convenience retail initiatives that enhance customer experience while fostering economic growth in the communities they serve in Canada and beyond.

Copyright 2026 GlobeNewswire, Inc.

Leveraging Hong Kong's Leading Four-Stage Value Chain in Asia to Capture Significant Market Opportunities

*Responding to Global Energy Transition Demands: Energy security, renewable energy grid integration, accelerating electrification, and surging power demand from AI infrastructure are jointly propelling the growth of the battery and energy storage (BES) industry.

*Demonstrating Hong Kong's Comprehensive Industrial Ecosystem: Boasting a comprehensive four-stage BES value chain, Hong Kong ranks among Asia's premier energy storage ecosystems, driving circular industry development. Three of the world's top ten energy storage giants-CATL, BYD, and Gotion High-Tech-have established a presence within HKSTP's ecosystem

HONG KONG SAR - Media OutReach Newswire - 29 October 2026 - Facing global energy security challenges, accelerating electrification, and massive power demands driven by artificial intelligence (AI) data centers, Battery and Energy Storage (BES) has emerged as a key driver of the low-carbon energy transition. Hong Kong Science and Technology Parks Corporation (HKSTP) today officially released its inaugural BES Strategic Analysis Report at the international flagship event One Earth Summit 2026.

Mr Terry Wong, Chief Executive Officer of HKSTP, delivered a keynote address titled "Supercharging Battery and Energy Storage Innovation for Energy Transition" at the Summit, to share insights from the report and experiences in commercialising home-grown R&D. The report highlights the explosive growth of the global BES market while underscoring Hong Kong's position as Asia's leading Greentech hub, driven by a comprehensive four-stage value chain spanning frontier R&D, integration and intelligence, green finance, and end-of-life battery management.

Mr Terry Wong, Chief Executive Officer of HKSTP, said: "HKSTP is fully committed to supporting the nation's 15th Five-Year Plan, Hong Kong's first Five-Year Plan, and the HKSAR Government's Policy Address initiatives, as we work tirelessly to build Hong Kong into an international innovation and technology hub. The global energy transition is ushering in an unprecedented golden era for the BES industry. By taking the initiative to publish our inaugural Strategic Analysis Report, HKSTP is not only identifying global industry opportunities, but also showcasing Hong Kong's position as a leading energy storage ecosystem in Asia with a comprehensive value chain. HKSTP will continue to serve as both a 'super-connector' and a 'super value-adder', helping companies overcome commercialisation barriers, align with international standards, and capture the significant opportunities in the global multi-trillion-dollar energy storage market."

HKSTP regards green technology as one of its core strategic industries. Its ecosystem brings together more than 250 green tech companies, around 100 of which focus on BES. In response to the strong growth driven by the global energy transition, HKSTP aims to increase the number of BES companies by 60% to more than 160 over the next few years. Notably, three of the world's top ten battery and energy storage leaders-CATL, BYD, and Gotion High-Tech-have already established a presence within the HKSTP ecosystem. Their presence creates strong industrial synergies with park companies, deepening cross-disciplinary technology exchanges, supply chain integration, and business matching.

Two Key Insights Outlining Opportunities for Hong Kong's Energy Storage Industry:

The report provides an in-depth analysis of market data and compares BES development models and policies across major global economies. Drawing on interviews with local and overseas industry partners and park companies, it identifies two key insights:

1. Global Energy Opportunities Drive Rapid Growth in the BES Industry

As the world confronts a global energy transition, nearly 200 countries have pledged to expand renewable energy and phase down fossil fuel reliance, aiming to boost electricity's share of global final energy demand from approximately 20% today to 35% by 2035. Concurrently, the rapid rise of AI is driving an unprecedented surge in data center power demand. Global electricity consumption from computing infrastructure is projected to more than double, rising from 415 terawatt-hours (TWh) in 2024 to 945 TWh by 2030. Battery and energy storage technologies are becoming increasingly critical, with related industry investment expected to reach USD 5 trillion-equivalent to nearly HKD 40 trillion-over the next decade.

Mainland BES companies currently account for more than half of the global battery applications market. Leveraging its unique advantage of being backed by the Chinese Mainland while connected to the world, Hong Kong has become a preferred springboard for Mainland energy leaders expanding overseas. As European and US markets impose increasingly stringent trade and compliance requirements on new energy supply chains, Mainland companies can draw on Hong Kong's mature common law system, international certification standards, and leading green finance platform in Asia-Pacific to meet international compliance requirements and expand their global presence.

2. A Comprehensive BES Value Chain Among Asia's Leaders Supports Circular Industry Development

Hong Kong's BES development is supported by a four-stage value chain covering "Material and Battery", "Integration and Intelligence", "Project Management and Finance", and "End-of-Life Battery Management", enabling sustainable development and a green circular economy.

Material and Battery: Hong Kong is home to five of the world's top 100 universities and possesses world-class research capabilities. Its leading university network and open talent admission schemes have successfully attracted international talent. Several HKSTP park companies focus on cutting-edge R&D in next-generation batteries. For example, Luquos Energy, led by a team from The Chinese University of Hong Kong, has successfully developed the world's first sulphur-based flow battery. Technology significantly reduces costs while avoiding the fire risks associated with overheating in conventional lithium-ion batteries, enhancing safety.

Integration and Intelligence: Assembling batteries into battery packs or containerised energy storage systems enables wider deployment across communities. Hong Kong's exceptionally high-density urban environment offers abundant real-world application scenarios for energy storage technologies. The growing number of electric vehicles is driving demand for fast-charging infrastructure. With more than 60% of private buildings in Hong Kong over 30 years old and facing power supply capacity constraints, energy storage systems can store electricity during off-peak periods and discharge it during peak periods, providing a supplementary solution for ageing buildings. Park companies' technologies are also being deployed at construction sites to support the high-power demands of heavy machinery and reduce reliance on conventional diesel generators. Meanwhile, intelligent technologies are steadily maturing, including the use of AI to monitor battery condition and health.

Project Management and Finance: A range of large-scale projects in Hong Kong supports BES development, including a major local battery energy storage system under construction by a power company. The commercial sector is also accelerating the adoption of energy storage technologies. Park company Halo Energy, for example, has partnered with XPENG to introduce the world's first megawatt-level ultra-fast EV charging station in Hong Kong, setting a new benchmark for smart mobility in the city. As Asia's largest international green and sustainable debt arranging hub, Hong Kong also plays a distinctive role as a green finance gateway, with related issuance exceeding USD 76 billion in 2025. This month, HKSTP also signed a memorandum of understanding with the "Green Accelerator" to connect promising green tech companies with capital and financing channels, helping startups progress from R&D to commercialisation.

End-of-Life Battery Management: Market projections indicate that Hong Kong will generate nearly 6,700 tonnes of retired EV batteries in 2030, making proper treatment and the reduction of environmental pollution pressing priorities. Several park companies have already taken the lead in technology development. GRST, for example, has developed a non-toxic, water-soluble battery binder that eliminates the need for conventional incineration or strong-acid soaking during battery recycling, reducing carbon emissions at the recycling stage by up to 80%. Together with the HKSAR Government's introduction of the city's first large-scale EV battery recycling facility last year, which converts waste batteries into valuable mineral resources, these efforts demonstrate how industry, government, and the research community are working together to build a green circular economy.

HKSTP is committed to capturing the global energy transition opportunities identified in the BES Strategic Analysis Report and developing Hong Kong into an international green technology hub. HKSTP's GreenTech Hub in Kowloon Tong will continue to serve as a bridge, deepening cross-sector collaboration among companies, research institutions, and industry partners. It will help investors identify energy storage opportunities, advance the adoption of cutting-edge green solutions, and accelerate startup commercialisation, building a green innovation ecosystem with international influence and jointly tapping into the global market for the green energy transition.

HKSTP also showcased green solutions from six park companies at the summit, fostering exchanges among tech ventures, industry partners, and investors.

Exhibiting Park Companies:

Luquos Energy Limited

Syneric Technology (HK) Limited

CAS Testing Technical Services (Hong Kong) Company Limited

Nanofil Filtration Technology Limited

ECO Technologies Limited

i2Cool Limited

Hong Kong Science and Technology Parks Corporation

Hong Kong Science and Technology Parks Corporation (HKSTP) was established in 2001 and has built a proven foundation as Hong Kong's leading innovation and technology (I&T) ecosystem. Established for 25 years, HKSTP is supporting 14 unicorns, has nurtured more than 17,000 research professionals and built a community of over 2,500 technology companies from 26 countries and regions across four strategic technology clusters: Life and Health Technology, AI and Data Science, Microelectronics and Advanced Manufacturing, and GreenTech and New Energy.

As an ecosystem orchestrator, HKSTP provides end-to-end support to attract and nurture talent, accelerate commercialisation and help technology ventures scale. Its innovation infrastructure spans over 240 hectares covering Hong Kong Science Park in Pak Shek Kok, InnoCentre in Kowloon Tong, and three modern InnoParks in Tai Po, Tseung Kwan O and Yuen Long, advancing Hong Kong's vision for new industrialisation and smart manufacturing.

Hong Kong Science Park Shenzhen Branch in Futian, Shenzhen, strengthens cross-border collaboration by connecting Hong Kong, the Chinese Mainland and global innovation networks and propels Chinese innovators onto the world stage, while also delivering comprehensive GBA landing support to accelerate cross-border success for local and international ventures.

As HKSTP enters its next chapter with strong foundations, it continues to deepen impact, elevate quality and create value for innovators. As an ecosystem built to lead change, HKSTP is empowering Hong Kong to define what comes next in innovation, growth and opportunity.

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

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

Hashtags: #HKSTP

London, October 29, 2026

"Shell's relentless focus on operational performance enabled very strong results in a quarter with continued severe disruption to the global energy system. I'm grateful to Shell's teams around the world who continue to work tirelessly to produce and supply the energy our customers need.

We are further investing in our advantaged Integrated Gas business with the completion of the ARC Resources Ltd. acquisition and the final investment decision on LNG Canada Phase 2, supporting Shell's long-term cash flow growth.

Our strong delivery allows us to announce a $5 billion share buyback programme for the next three months."

Shell plc Chief Executive Officer, Wael Sawan

STRONG AND CONSISTENT OPERATIONAL PERFORMANCE

Q3 2026 Adjusted Earnings1 of $10.8 billion, reflects strong operational performance in a continued volatile and elevated commodity price environment with record refining margins.

CFFO of $21.0 billion despite Middle East outages.

Continued portfolio strengthening, including the ARC Resources and US Mobility acquisitions, FID on LNG Canada Phase 2, high-grading of the power portfolio, and divestment of non-core oil and gas assets in the US and Cyprus.

Disciplined spending, with the cash capex outlook for 2026 (including ARC) in the $23 - 25 billion range.

Strong balance sheet with post-ARC acquisition gearing of 16.6% (2.7% excluding leases).

Announced $5 billion buybacks for the next 3 months.

$ million1		Adj. Earnings	Adj. EBITDA	CFFO	Cash capex
Integrated Gas		3,037	5,184	4,606	4,756
Upstream		3,189	9,269	7,281	1,691
Marketing		1,164	1,986	(210)	415
Chemicals & Products2		3,855	6,201	8,527	678
Renewables & Energy Solutions		289	373	1,558	342
Corporate		(705)	(277)	(719)	40
Less: Non-controlling interest (NCI)		14
Shell	Q3 2026	10,814	22,736	21,043	7,922
	Q2 2026	9,836	20,710	21,432	4,237

 

$ billion2	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Working capital	-	1.3	(11.2)	3.4	(0.6)
Divestment proceeds	1.8	0.1	0.4	0.5	2.7
Free cash flow	10.0	4.2	2.9	17.5	16.3
Net debt	41.2	45.7	52.6	41.8	39.7

 

Q3 2026 FINANCIAL PERFORMANCE DRIVERS

INTEGRATED GAS

Key data	Q2 2026	Q3 2026	Q4 2026 outlook
Realised liquids price ($/bbl)	80	69	-
Realised gas price ($/thousand scf)	7.2	8.3	-
Production (kboe/d)	631	772	1,080 - 1,180
LNG liquefaction volumes (MT)	7.7	7.4	7.3 - 7.9
LNG sales volumes (MT)	18.0	19.3	-

 

UPSTREAM

Key data	Q2 2026	Q3 2026	Q4 2026 outlook
Realised liquids price ($/bbl)	89	84	-
Realised gas price ($/thousand scf)	8.3	10.0	-
Liquids production (kboe/d)	1,367	1,360	-
Gas production (million scf/d)	2,648	2,562	-
Total production (kboe/d)	1,824	1,802	1,700 - 1,900

• Adjusted Earnings were lower than in Q2 2026, reflecting lower liquids prices and higher well write-offs. 
• Q4 2026 production outlook includes allowance for weather-related impacts in the Gulf of America.

MARKETING

Key data	Q2 2026	Q3 2026	Q4 2026 outlook
Marketing sales volumes (kb/d)	2,570	2,581	2,400 - 2,600
Mobility (kb/d)	1,867	1,888	-
Lubricants (kb/d)	75	66	-
Sectors & Decarbonisation (kb/d)	627	627	-

• Adjusted Earnings were lower than in Q2 2026, reflecting weaker Mobility unit margins and lower Lubricants volumes.

CHEMICALS & PRODUCTS

Key data	Q2 2026	Q3 2026	Q4 2026 outlook
Refinery processing intake (kb/d)	1,267	1,211	-
Chemicals sales volumes (kT)	2,281	2,369	-
Refinery utilisation (%)	102	96	92 - 100
Chemicals manufacturing plant utilisation (%)	83	84	78 - 86
Global indicative refining margin ($/bbl)	24	42	-
Global indicative chemical margin ($/t)	270	208	-

• Adjusted Earnings were significantly higher than in Q2 2026, reflecting high refining margins and strong operational performance despite low water levels in the Rhine river.
• Trading and Optimisation was lower than in a very strong Q2 2026, driven by the impact of non-cash timing effects.

RENEWABLES & ENERGY SOLUTIONS

Key data	Q2 2026	Q3 2026
External power sales (TWh)	70	74
Sales of pipeline gas to end-use customers (TWh)	161	158
Renewables power generation capacity (GW)*	6.2	6.2
in operation (GW)	4.5	4.6
under construction and/or committed for sale (GW)	1.7	1.6

*Excludes Shell's equity share of associates where information cannot be obtained.

• Adjusted Earnings were higher than in Q2 2026, mainly driven by Trading and Optimisation in Europe and the Americas.

CORPORATE

Key data	Q2 2026	Q3 2026	Q4 2026 outlook
Adjusted Earnings ($ billion)	(0.6)	(0.7)	(0.8) - (0.6)

 

1Income/(loss) attributable to shareholders for Q3 2026 is $12.1 billion. Reconciliation of non-GAAP measures can be found in the quarterly unaudited results, available on www.shell.com/investors.

2Chemicals & Products Adjusted Earnings at a subsegment level are as follows: Chemicals $0.1 billion and Products $3.8 billion.

CFFO excluding working capital of $21.7 billion in Q3 2026 with tax paid of $3.2 billion and $2.4 billion outflow related to the timing impact of payments for emissions certificates relating to the German BEHG1, offset by a derivative inflow of $3.4 billion.

Working capital outflow of $0.6 billion reflects a reduction in JV deposits. $0.8 billion of the JV dividends received were previously held in deposit in the Corporate segment.

Net debt of $39.7 billion includes ~$8 billion non-cash net debt reflecting variable component of long-term shipping leases in the current macro environment. Net debt excluding leases is $5.6 billion.

1Brennstoffemissionshandelsgesetz (Fuel Emissions Trading Act), historically paid in the 4th quarter of each calendar year.

2Reconciliation of non-GAAP measures can be found in the quarterly unaudited results, available on www.shell.com/investors.

Shell Q4 2026 income/(loss) is expected to include the derecognition of the Netherlands defined benefit plan, which is expected to result in an identified, non-cash loss. As at 30 September, 2026, the estimated loss is $6.4 billion, subject to change in Q4. See Note 7 of the quarterly unaudited results, available on www.shell.com/investors/results-and-reporting/quarterly-results, for further details.

UPCOMING INVESTOR EVENTS

February 4, 2027 Capital Markets Update 2027 & Fourth quarter 2026 results and dividends

April 29, 2027 First quarter 2027 results and dividends

July 29, 2027 Second quarter 2027 results and dividends

October 28, 2027 Third quarter 2027 results and dividends

USEFUL LINKS

Results materials Q3 2026

Webcast registration Q3 2026

Dividend announcement Q3 2026

Capital Markets Day 2025 materials

Financial Modelling Guidance

LNG Portfolio - Strategic Spotlight 2026

Impact of Middle East conflict

ARC acquisition materials

ALTERNATIVE PERFORMANCE (NON-GAAP) MEASURES

This announcement includes certain measures that are calculated and presented on the basis of methodologies other than in accordance with generally accepted accounting principles (GAAP) such as IFRS, including Adjusted Earnings, Adjusted EBITDA, CFFO excluding working capital movements, Cash capital expenditure, free cash flow, Divestment proceeds and Net debt. This information, along with comparable GAAP measures, is useful to investors because it provides a basis for measuring Shell plc's operating performance and ability to retire debt and invest in new business opportunities. Shell plc's management uses these financial measures, along with the most directly comparable GAAP financial measures, in evaluating the business performance.

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

CAUTIONARY STATEMENT

The companies in which Shell plc directly and indirectly owns investments are separate legal entities. In this announcement "Shell", "Shell Group" and "Group" are sometimes used for convenience to reference Shell plc and its subsidiaries in general. Likewise, the words "we", "us" and "our" are also used to refer to Shell plc and its subsidiaries in general or to those who work for them. These terms are also used where no useful purpose is served by identifying the particular entity or entities. ''Subsidiaries'', "Shell subsidiaries" and "Shell companies" as used in this announcement refer to entities over which Shell plc either directly or indirectly has control. The terms "joint venture", "joint operations", "joint arrangements", and "associates" may also be used to refer to a commercial arrangement in which Shell has a direct or indirect ownership interest with one or more parties.  The term "Shell interest" is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in an entity or unincorporated joint arrangement, after exclusion of all third-party interest.

This announcement contains forward-looking statements (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995) concerning the financial condition, results of operations and businesses of Shell. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management's current expectations and assumptions, including (without limitation) those concerning Shell's strategy and operating plans, macroeconomic conditions, future energy demand, supply and product mix, commodity prices, demand for Shell's products, production results and reserve estimates, development, execution and management of projects, energy transition and climate change, management of safety and environmental risks, costs, cash capital expenditures, technology advancements, legislative, judicial, fiscal and regulatory developments, regional conflicts and trading conditions, and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Shell to market risks and statements expressing management's expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as "aim"; "ambition"; ''anticipate''; "aspire"; "aspiration"; ''believe''; "commit"; "commitment"; ''could''; "desire"; ''estimate''; ''expect''; ''goals''; ''intend''; ''may''; "milestones"; ''objectives''; ''outlook''; ''plan''; ''probably''; ''project''; ''risks''; "schedule"; ''seek''; ''should''; ''target''; "vision"; ''will''; "would" and similar terms and phrases. There are a number of factors that could affect the future operations of Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this announcement, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell's products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks, including climate change; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, judicial, fiscal and regulatory developments including tariffs and regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; (m) risks associated with the impact of pandemics, regional conflicts, such as the Russia-Ukraine war and the conflict in the Middle East, and a significant cyber security, data privacy or IT incident; (n) the pace of the energy transition; and (o) changes in trading conditions. No assurance is provided that future dividend payments will match or exceed previous dividend payments. All forward-looking statements contained in this announcement are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Additional risk factors that may affect future results are contained in Shell plc's Form 20-F for the year ended December 31, 2025 (available at www.shell.com/investors/news-and-filings/sec-filings.html and www.sec.gov). These risk factors also expressly qualify all forward-looking statements contained in this announcement and should be considered by the reader. Each forward-looking statement speaks only as of the date of this announcement, October 29, 2026. Neither Shell plc nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this announcement.

All amounts shown throughout this announcement are unaudited. The numbers presented throughout this announcement may not sum precisely to the totals provided and percentages may not precisely reflect the absolute figures, due to rounding.

The content of websites referred to in this announcement does not form part of this announcement.

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

The financial information presented in this announcement does not constitute statutory accounts within the meaning of section 434(3) of the Companies Act 2006 ("the Act"). Statutory accounts for the year ended December 31, 2025 were published in Shell's Annual Report and Accounts, a copy of which was delivered to the Registrar of Companies for England and Wales, and in Shell's Form 20-F. The auditor's report on those accounts was unqualified, did not include a reference to any matters to which the auditor drew attention by way of emphasis without qualifying the report and did not contain a statement under sections 498(2) or 498(3) of the Act.

The information in this announcement does not constitute the unaudited condensed consolidated financial statements which are contained in Shell's third quarter 2026 unaudited results available on www.shell.com/investors.

Copyright 2026 GlobeNewswire, Inc.

WUHU, China, Oct. 29, 2026 (GLOBE NEWSWIRE) -- On October 20, OMODA X made its global debut at OMODA X NIGHT. Positioned as the world's first CROSS OFF-ROAD VEHICLE, it breaks through conventional vehicle categories. Combining the practicality of an SUV, the adventurous spirit of an off-road vehicle and the dynamic character of a sports car, OMODA X expands the possibilities of crossover.

Created for those who refuse to be defined by a single identity, OMODA X takes the brand's three core DNA elements-MECHA, CROSS and SMART-to new heights through bolder mecha aesthetics, greater crossover versatility and personalized intelligent experiences.

MORE MECHA THAN EVER

Drawing inspiration from futuristic mecha culture, OMODA X brings power, technology and a vision of the future into its design. An assertive wide-body stance, broad shoulders, a tightly sculpted waistline and a sporty silhouette create a sense of power. Geometric facets inspired by mecha aircraft and signature lightning taillights give the vehicle a distinctive visual identity.

MORE CROSS THAN EVER

For OMODA X, CROSS means the freedom to move between different lifestyles. A ground clearance of 200 mm and a designed wading capability of over 700 mm support a wide range of outdoor adventures. A towing capacity of up to 1,800 kg, a roof load capacity of 75 kg and 39 storage spaces provide more room for equipment for cycling and surfing.

MORE SMART THAN EVER

With SIAS (Super Intelligent AI Space), OMODA X explores natural interaction between people and vehicles. The exclusive X-MODE personalized driving mode adjusts vehicle settings and performance responses to the driver's preferences. An infrared thermal imaging night vision system helps identify potential hazards up to 90 meters away.

MORE EDGY THAN EVER

At the global debut, four users from Indonesia, Brazil, South Africa and Poland presented four interpretations of OMODA X, drawing on their cultural backgrounds, interests and individual creativity.

This is the essence of the OMODA X Co-Creation Project: moving from a brand that gives its products a personality to global users shaping the brand's culture together.

Copyright 2026 GlobeNewswire, Inc.

WUHU, Tiongkok, Oct. 29, 2026 (GLOBE NEWSWIRE) -- Pada 20 Oktober, OMODA X memulai debut globalnya di acara OMODA X NIGHT. Diposisikan sebagai kendaraan CROSS OFF-ROAD pertama di dunia, OMODA X mendobrak batasan kategori kendaraan konvensional. Dengan memadukan kepraktisan SUV, jiwa petualang kendaraan off-road, dan karakter dinamis mobil sport, OMODA X memperluas definisi crossover.

OMODA X dirancang bagi mereka yang tidak ingin dibatasi oleh satu identitas. Kendaraan ini membawa tiga elemen DNA utama merek tersebut-MECHA, CROSS, dan SMART-ke level yang lebih tinggi melalui estetika mecha yang lebih berani, fleksibilitas crossover yang lebih luas, serta pengalaman teknologi cerdas yang dipersonalisasi.

LEBIH MECHA DARI SEBELUMNYA

Terinspirasi dari budaya mecha futuristis, OMODA X memadukan kekuatan, teknologi, dan visi masa depan dalam desainnya. Postur bodi lebar yang kokoh, bahu bodi yang bidang, garis pinggang bodi yang terpahat tegas, serta siluet sporty menciptakan kesan bertenaga. Elemen geometris yang terinspirasi dari pesawat bergaya mecha serta desain lampu belakang khas berbentuk kilat memberikan identitas visual yang unik pada kendaraan ini.

LEBIH CROSS DARI SEBELUMNYA

Bagi OMODA X, CROSS berarti kebebasan untuk menjalani berbagai gaya hidup. Tinggi kolong kendaraan (ground clearance) 200 mm dan kemampuan melintasi genangan air sedalam lebih dari 700 mm mendukung berbagai aktivitas petualangan di alam terbuka. Kapasitas penarik hingga 1.800 kg, kapasitas beban atap sebesar 75 kg, dan 39 kompartemen penyimpanan menyediakan lebih banyak ruang untuk membawa perlengkapan bersepeda dan berselancar.

LEBIH CERDAS DARI SEBELUMNYA

Melalui SIAS (Super Intelligent AI Space), OMODA X mengeksplorasi interaksi alami antara manusia dan kendaraan. Mode berkendara eksklusif X-MODE yang dipersonalisasi menyesuaikan pengaturan dan respons performa kendaraan berdasarkan preferensi pengemudi. Sistem penglihatan malam berbasis pencitraan termal inframerah membantu mendeteksi potensi bahaya hingga jarak 90 meter.

LEBIH EKSPRESIF DARI SEBELUMNYA

Dalam debut globalnya, empat pengguna dari Indonesia, Brasil, Afrika Selatan, dan Polandia menampilkan empat interpretasi berbeda tentang OMODA X dengan mengacu pada latar belakang budaya, minat, dan kreativitas masing-masing.

Inilah esensi dari OMODA X Co-Creation Project: peralihan dari merek yang membentuk karakter produknya sendiri menuju merek yang melibatkan pengguna di seluruh dunia untuk bersama-sama membentuk budaya merek tersebut.

Copyright 2026 GlobeNewswire, Inc.

WUHU, China, Oct. 28, 2026 (GLOBE NEWSWIRE) -- On the afternoon of October 20, the LUXEED Global Media Long-Distance Test Drive reached its final destination at the Guangde Proving Ground, completing a 185-kilometer journey and marking the start of a series of extreme performance tests.

Using the high-speed oval track and a range of demanding driving disciplines, Stormax, LUXEED's high-performance luxury model, demonstrated its capabilities to automotive media and key opinion leaders (KOLs) from the UAE, Thailand, Indonesia, and other markets.

Power and Braking in Harmony: Performance with Confidence

Stormax demonstrated its power and braking capabilities in a series of high-performance tests. Its 800V all-electric architecture and dual-motor all-wheel-drive system deliver a maximum output of 460 kW and maximum torque of 775 Nm. With its one-touch Boost mode activated, Stormax accelerated to speeds exceeding 250 km/h on the high-speed oval track.

In the 100-0 km/h braking test, Stormax came to a stop in less than 34 meters. Its six-piston brake calipers, working in combination with high-performance tires, delivered strong braking performance under demanding test conditions.

Precision Engineering and Chassis Control: Confidence at the Limits

Stormax also demonstrated its handling capabilities across three demanding disciplines: the moose test, at speeds exceeding 82 km/h; the S-slalom; and steady-state circular driving. Its performance drew positive feedback from media representatives at the proving ground.

The vehicle's chassis and aerodynamic systems work together to support stability and precise control. Its large active diffuser and aerodynamic design generate downforce, while the double-wishbone front suspension, multi-link rear independent suspension, dual-chamber air suspension, continuously controlled damping (CDC) system, and Vehicle Motion Control (VMC) system work in coordination to manage vehicle dynamics.

A Strong Finish: Bringing LUXEED's Brand Promise to Global Audiences

The successful completion of the extreme performance tests at the Guangde Proving Ground brought the LUXEED Global Media Long-Distance Test Drive to a close. Through its intelligent technologies, luxury-focused design, and driving performance, LUXEED demonstrated the capabilities of its vehicles to international media, bringing its vision of intelligent luxury and driving pleasure to audiences across global markets.

Copyright 2026 GlobeNewswire, Inc.

Kontrak hotel baru dan ekspansi robotika mendukung kemajuan Grup dalam mencapai profitabilitas

SINGAPURA dan KUALA LUMPUR, Malaysia, Oct. 29, 2026 (GLOBE NEWSWIRE) -- YYForce Inc. (NASDAQ: YFOR) ("YYForce" atau "Perusahaan"), penyedia solusi tenaga kerja, pengelolaan fasilitas terpadu, dan layanan penerapan robotika berbasis teknologi, hari ini mengumumkan kontrak baru di sektor perhotelan serta perluasan pemanfaatan robot layanan komersial di Malaysia.

Didukung oleh perkembangan tersebut, manajemen menargetkan pendapatan sebesar US$20 juta dari operasionalnya di Malaysia pada tahun fiskal 2027. Menurut manajemen, target tersebut mencerminkan pertumbuhan sekitar 100% dibandingkan dengan perkiraan pendapatan dari operasional di Malaysia pada tahun fiskal 2026 yang mencapai sekitar US$10 juta.

Anak perusahaan di Malaysia telah menandatangani perjanjian layanan dengan sejumlah operator hotel internasional sehingga memperluas basis pelanggannya di sektor perhotelan. Perjanjian tersebut, bersama dengan pemanfaatan robotika yang terus berjalan, mendukung strategi YYForce dalam menggabungkan layanan tenaga kerja dengan otomatisasi fasilitas untuk memenuhi kebutuhan operasional pelanggan.

Target pendapatan tahun fiskal 2027 merupakan sasaran manajemen yang berorientasi ke masa depan dan bukan merupakan pendapatan yang telah dijamin melalui kontrak yang ditandatangani. Pencapaian target tersebut akan bergantung pada pelaksanaan kontrak, volume layanan kepada pelanggan, kemampuan mempertahankan pelanggan dan memperpanjang kontrak, pengembangan bisnis lebih lanjut, serta ketersediaan tenaga kerja, peralatan, dan modal kerja. Perbandingan dengan tahun fiskal 2026 didasarkan pada perkiraan manajemen saat ini, bukan pada hasil akhir setahun penuh, dan masih menunggu proses finalisasi.

Perluasan Layanan Tenaga Kerja dan Robotika

Model penyediaan layanan YYForce di Malaysia menggabungkan layanan tenaga kerja yang fleksibel dengan robot layanan komersial untuk mendukung operasional fasilitas dan perhotelan. Aplikasinya mencakup pembersihan, logistik internal, dan dukungan layanan tamu, dengan pemanfaatan yang disesuaikan dengan kebutuhan masing-masing properti.

Dengan mengintegrasikan tenaga kerja dan robotika dalam layanan yang ditawarkan, YYForce ingin membantu pelanggan menjaga konsistensi layanan, mengatasi keterbatasan tenaga kerja, dan meningkatkan efisiensi operasional. Perusahaan juga berencana memperluas layanan pemeliharaan dan dukungan operasional berkelanjutan sebagai pelengkap pemanfaatan robotikanya.

Kemajuan dalam Mencapai Profitabilitas Grup

Ekspansi di Malaysia merupakan bagian dari strategi pertumbuhan YYForce yang lebih luas, yang mencakup Singapura, Hong Kong, Thailand, Dubai, dan Mesir. Perusahaan berfokus pada upaya mempertahankan pelanggan, penetapan harga kontrak yang disiplin, eksekusi pemanfaatan, dan pengelolaan biaya dalam mengembangkan bisnis layanan tenaga kerja, pengelolaan fasilitas, dan robotika.

YYForce meyakini bahwa peningkatan skala bisnis dan perbaikan komposisi layanan dapat mendukung leverage operasional yang lebih baik seiring waktu. Profitabilitas Grup secara konsolidasi juga akan bergantung pada margin kontrak, kinerja di pasar lain, beban perusahaan, biaya pendanaan, serta berbagai faktor lainnya.

Perusahaan tetap memiliki sasaran untuk mencapai profitabilitas yang berkelanjutan di seluruh Grup. Pengumuman ini tidak menetapkan tanggal pasti untuk mencapai laba bersih secara konsolidasi.

Komentar Manajemen

"Kontrak baru di sektor perhotelan dan perluasan pemanfaatan robotika di Malaysia menunjukkan adanya permintaan pelanggan terhadap solusi tenaga kerja dan pengelolaan fasilitas yang terpadu," ujar Mike Fu, Chief Executive Officer YYForce. "Fokus kami adalah mengubah permintaan tersebut menjadi layanan yang dapat diandalkan, pertumbuhan yang terkendali, dan kinerja operasional yang lebih baik."

"Kami menargetkan pendapatan sebesar US$20 juta dari operasional di Malaysia pada tahun fiskal 2027, dengan tetap memperhatikan secara cermat biaya penyediaan layanan, modal kerja, dan profitabilitas kontrak. Sejalan dengan kegiatan operasional kami di pasar lain, kami meyakini bahwa ekspansi ini dapat mendukung kemajuan Grup dalam mencapai profitabilitas yang berkelanjutan serta menciptakan nilai jangka panjang bagi pemegang saham."

Tentang YYForce Inc.

YYForce Inc. (NASDAQ: YFOR) adalah penyedia solusi tenaga kerja dan layanan pengelolaan fasilitas terpadu berbasis teknologi yang berkantor pusat di Singapura. Perusahaan terus memperluas penggunaan perangkat pengelolaan tenaga kerja berbasis AI, platform digital untuk pengelolaan properti, dan robot layanan komersial untuk mendukung pelanggan di sektor perhotelan, properti komersial, serta sektor lain yang padat layanan.

Untuk informasi selengkapnya, kunjungi www.yyforce.ai.

Pernyataan Berwawasan ke Depan

Siaran pers ini memuat pernyataan berwawasan ke depan sebagaimana dimaksud dalam Pasal 27A Undang-Undang Sekuritas AS Tahun 1933, sebagaimana telah diubah, dan Pasal 21E Undang-Undang Perdagangan Sekuritas AS Tahun 1934, sebagaimana telah diubah. Pernyataan-pernyataan tersebut didasarkan pada ekspektasi dan asumsi Perusahaan saat ini, serta informasi yang tersedia bagi Perusahaan pada tanggal rilis siaran pers ini. Pernyataan berwawasan ke depan dapat dikenali melalui penggunaan kata-kata seperti "mungkin", "akan", "seharusnya", "memperkirakan", "mengantisipasi", "merencanakan", "bermaksud", "meyakini", "mengestimasi", "potensi", atau ungkapan serupa, maupun bentuk negatif dari istilah-istilah tersebut.

Pernyataan berwawasan ke depan dalam siaran pers ini termasuk, tetapi tidak terbatas pada, pernyataan mengenai target pendapatan Perusahaan di Malaysia pada tahun fiskal 2027, perkiraan pendapatan di Malaysia pada tahun fiskal 2026, proyeksi pertumbuhan pendapatan, pelaksanaan kontrak, permintaan pelanggan, pemanfaatan robotika, ekspansi internasional, leverage operasional, dan kemajuan dalam mencapai profitabilitas di seluruh Grup. Target pendapatan tersebut tidak menjamin bahwa pendapatan telah disepakati dalam kontrak maupun bahwa hasil yang ditargetkan akan tercapai di masa mendatang.

Pernyataan berwawasan ke depan mengandung risiko dan ketidakpastian yang melekat, dan peristiwa di masa mendatang yang dibahas dalam siaran pers ini mungkin tidak terjadi. Peristiwa dan hasil aktual dapat berbeda secara signifikan serta bergantung pada risiko, ketidakpastian, asumsi mengenai Perusahaan, dan sejumlah faktor lainnya. Faktor-faktor ini termasuk, tetapi tidak terbatas pada, sasaran dan strategi Perusahaan; pengembangan bisnis, kondisi keuangan, dan hasil operasional Perusahaan di masa mendatang, termasuk peluncuran produk dan layanan baru, perkiraan perubahan pendapatan, biaya, dan pengeluaran Perusahaan, perkiraan pertumbuhan pelanggan, serta permintaan dan penerimaan pasar terhadap produk dan layanan Perusahaan; serta kondisi industri, pasar, dan regulasi, termasuk persaingan, kebijakan dan peraturan pemerintah yang memengaruhi industri Perusahaan, serta faktor lainnya yang dapat memengaruhi kondisi keuangan, likuiditas, dan hasil operasional Perusahaan.

Untuk pembahasan lebih terperinci mengenai faktor-faktor risiko, silakan merujuk pada dokumen yang diserahkan Perusahaan kepada Komisi Sekuritas dan Bursa AS (SEC), termasuk bagian "Faktor Risiko" dalam laporan tahunan terbaru Perusahaan pada Formulir 20-F, sebagaimana diubah. Pembaca juga harus mempertimbangkan risiko yang dijelaskan dalam pengajuan Perusahaan kepada Komisi Sekuritas dan Bursa AS. YYForce tidak berkewajiban untuk memperbarui pernyataan ini kecuali sebagaimana diwajibkan oleh hukum yang berlaku.

Copyright 2026 GlobeNewswire, Inc.

PISCATAWAY, N.J., Oct. 28, 2026 (GLOBE NEWSWIRE) -- BHAV Acquisition Corp II (the "Company" or "BHAV") today announced the pricing of its initial public offering of 10,000,000 units at an offering price of $10.00 per unit, with each unit consisting of one Class A ordinary share and one right.

Each right entitles the holder to receive one-fourth (1/4) of one Class A ordinary share upon consummation of the Company's initial business combination.

The units are expected to trade on the Nasdaq Global Market ("Nasdaq") under the ticker symbol "BHAIU" beginning on October 29, 2026. Once the securities comprising the units begin separate trading, the Class A ordinary shares and rights are expected to trade on Nasdaq under the symbols "BHAI" and "BHAIR," respectively.

BHAV is led by Giri Devanur, Chief Executive Officer and Director, and Chaitanya Kumar Setti, Chief Financial Officer and Director.

Maxim Group LLC is acting as the sole book-running manager for the offering.

The Company has granted the underwriter a 45-day option to purchase up to 1,500,000 additional units at the initial public offering price less the underwriting discount to cover over-allotments, if any. The offering is expected to close on October 30, 2026, subject to customary closing conditions.

A registration statement on Form S-1 (File No. 333-299203) (as amended, the "Registration Statement") relating to the securities to be sold in the initial public offering was declared effective by the U.S. Securities and Exchange Commission (the "SEC") on October 28, 2026. The offering is being made only by means of a prospectus. When available, copies of the prospectus relating to this offering may be obtained from Maxim Group LLC, 300 Park Avenue, 16th Floor, New York, NY 10022, Attention: Syndicate Department, by telephone at (212) 895-3745 or by email at syndicate@maximgrp.com, or by accessing the SEC's website, www.sec.gov.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About BHAV Acquisition Corp II

BHAV Acquisition Corp II is a blank check company, also commonly referred to as a special purpose acquisition company, or SPAC, formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses.

Forward-Looking Statements

This press release contains statements that constitute "forward-looking statements," including with respect to the Company's initial public offering and search for an initial business combination. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated.

Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Registration Statement and related preliminary prospectus filed in connection with the initial public offering with the SEC. Copies are available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

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SHANGHAI, China, Oct. 28, 2026 (GLOBE NEWSWIRE) -- Shanghai Junshi Biosciences Co., Ltd (Junshi Biosciences, HKEX: 1877; SSE: 688180), a leading innovation-driven biopharmaceutical company dedicated to the discovery, development, and commercialization of novel therapies, announced that the supplemental new drug application for the company's product, toripalimab injection (subcutaneous injection) (code: JS001sc) in combination with disitamab vedotin for the treatment of HER2-expressing (HER2 expression is defined as HER2 immunohistochemistry results of 1+, 2+, or 3+) locally advanced or metastatic urothelial carcinoma (UC) has recently been accepted by the China National Medical Products Administration (NMPA).

To date, the new drug application for JS001sc, in respect of all 13 approved indications of toripalimab (intravenous injection) (code: JS001), have been accepted.

JS001sc is a subcutaneous injection formulation developed by Junshi Biosciences based on the marketed product, toripalimab injection. It is the first domestic anti-PD-1 monoclonal antibody in a subcutaneous formulation to enter the new drug application stage, and is expected to bring convenient administration to patients.

Immuno-oncology (I-O) therapies, represented by anti-PD-1 monoclonal antibodies, have become cornerstone therapies for the treatment of various malignant tumors. However, immuno-oncology drugs currently available in China are predominantly formulated for intravenous infusion, which not only requires prolonged infusion times but also causes significant inconvenience to patients during treatment. Consequently, there is an urgent clinical need to improve the convenience of immunotherapy.

In November 2025, a multi-center, open-label, randomized controlled Phase 3 clinical study to compare JS001sc and toripalimab injection in combination with chemotherapy for the first-line treatment of recurrent or metastatic non-squamous non-small cell lung cancer met the primary endpoint.

In March 2026, the Phase 3 clinical study of JS001sc in combination with chemotherapy as a first-line treatment for non-squamous non-small-cell lung cancer was successfully selected for an oral presentation at the European Lung Cancer Congress 2026 (ELCC 2026). The study results demonstrated that the drug exposure of toripalimab subcutaneous injection was non-inferior to that of the intravenous formulation of toripalimab, with comparable clinical efficacy and safety profiles, and is expected to provide patients with a new, more convenient immunotherapy option.

In March 2026, the new drug application of JS001sc for 12 indications for the treatment of tumors was accepted by the NMPA, making it the first domestic anti-PD-1 monoclonal antibody in a subcutaneous formulation to enter the new drug application stage.

About Junshi Biosciences

Founded in December 2012, Junshi Biosciences (HKEX: 1877; SSE: 688180) is an innovation-driven biopharmaceutical company dedicated to the discovery, development and commercialization of innovative therapeutics. With our outstanding capacity for innovative drug discovery, strong biotechnology R&D capability, and large-scale production capacity, we have successfully developed a drug candidate portfolio with global competitiveness and a well-structured research pipeline, which covers therapeutic areas including cancer, autoimmune, metabolic, and infectious diseases.

Our innovative field spans cutting-edge therapeutic modalities, including mAbs, small-molecule drugs, ADCs, bsAb/msAb, fusion proteins, nucleic acid drugs and vaccines.

Five of the company's products have received marketing authorizations in China and international markets, one of which is toripalimab, China's domestically developed anti-PD-1 monoclonal antibody. Toripalimab has been approved in over 50 countries and regions including China, the US, and Europe.

With a mission of "providing patients with world-class, trustworthy, affordable, and innovative drugs," Junshi Biosciences is "In China, For Global." The company currently employs more than 3,000 people worldwide. Headquartered in Shanghai, China, it has a business presence in multiple countries and regions around the world. For more information, please visit: http://www.junshipharma.com.

Copyright 2026 GlobeNewswire, Inc.

New hotel contracts and robotics expansion support progress toward Group profitability

SINGAPORE and KUALA LUMPUR, Malaysia, Oct. 28, 2026 (GLOBE NEWSWIRE) -- YYForce Inc. (NASDAQ: YFOR) ("YYForce" or the "Company"), a technology-enabled provider of workforce solutions, integrated facility management and robotics deployment services, today announced new hospitality contracts and expanding commercial service robotics deployments in Malaysia.

Supported by these developments, management is targeting US$20 million in revenue from its Malaysian operations for fiscal year 2027. The target represents approximately 100% growth compared with management's FY2026 Malaysian revenue expectation of approximately US$10 million.

The Company's Malaysian subsidiary has signed service agreements with international hotel operators, expanding its hospitality customer base. These agreements, together with ongoing robotics deployments, support YYForce's strategy of combining workforce services with facility automation to address customers' operational needs.

The FY2027 revenue target is a forward-looking management objective and does not represent revenue already secured undersigned contracts. Achievement will depend on contract implementation, customer service volumes, retention and renewals, additional business development, and the availability of personnel, equipment and working capital. The FY2026 comparison is based on management's current expectations, rather than completed full-year results, and remains subject to finalization.

Expanding Workforce and Robotics Services

YYForce's Malaysian delivery model combines flexible workforce services with commercial service robotics across hospitality and facility operations. Applications include cleaning, internal logistics and guest-service support, with deployments tailored to each property's requirements.

By integrating personnel and robotics within its service offering, YYForce aims to help customers improve service consistency, manage labor constraints and increase operational efficiency. The Company also intends to expand ongoing maintenance and operational support services alongside its robotics deployments.

Progress Toward Group Profitability

Malaysia's expansion forms part of YYForce's broader growth strategy across Singapore, Hong Kong, Thailand, Dubai and Egypt. The Company is focused on customer retention, disciplined contract pricing, deployment execution and cost management as it develops its workforce, facility management and robotics businesses.

YYForce believes increased scale and an improved service mix could support better operating leverage over time. Consolidated profitability will also depend on contract margins, performance across other markets, corporate expenses, financing costs and other factors.

The Company's objective remains to achieve sustainable Group-wide profitability. This announcement does not establish a specific date for achieving consolidated net profit.

Management Commentary

"New hospitality contracts and expanding robotics deployments in Malaysia demonstrate customer demand for integrated workforce and facility solutions," said Mike Fu, Chief Executive Officer of YYForce. "Our focus is on converting that demand into dependable service, disciplined growth and stronger operating performance."

"We are targeting US$20 million in Malaysian revenue for FY2027, with close attention to delivery costs, working capital and contract profitability. Alongside our operations in other markets, we believe this expansion can support the Group's progress toward sustainable profitability and long-term shareholder value."

About YYForce Inc.

YYForce Inc. (NASDAQ: YFOR) is a Singapore-headquartered, technology-enabled provider of workforce solutions and integrated facility management services. The Company is expanding its use of AI-enabled workforce management tools, digital estate management platforms and commercial service robotics to support customers across hospitality, commercial properties and other service-intensive sectors.

Forward Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are based on the Company's current expectations, assumptions and information available to it as of the date of this release. Forward-looking statements can be identified by words such as "may," "will," "should," "expects," "anticipates," "plans," "intends," "believes," "estimates," "potential" or similar expressions, or the negative of these terms.

Forward-looking statements in this release include, but are not limited to, statements regarding the Company's FY2027 Malaysian revenue target, expected FY2026 Malaysian revenue, anticipated revenue growth, contract implementation, customer demand, robotics deployments, international expansion, operating leverage and progress toward Group-wide profitability. The revenue target does not represent a guarantee of contracted revenue or future results.

Forward-looking statements involve inherent risks and uncertainties, and the forward-looking events discussed in this press release may not occur, actual events and results may differ materially and are subject to risks, uncertainties, and assumptions about the Company and a number of factors.

These factors include, but are not limited to, the Company's goals and strategies; the Company's future business development, financial condition and results of operations, including the introduction of new products and services, expected changes in the Company's revenues, costs and expenditures, anticipated customer growth, and demand for and market acceptance of the Company's products and services; and industry, market and regulatory conditions, including competition, government policies and regulations affecting the Company's industry, and other factors that may affect the Company's financial condition, liquidity and results of operations.

For a more detailed discussion of risk factors, please refer to the Company's filings with the U.S. Securities and Exchange Commission, including the "Risk Factors" section of the Company's most recent annual report on Form 20-F, as amended. Readers should also consider the risks described in the Company's filings with the U.S. Securities and Exchange Commission. YYForce undertakes no obligation to update these statements except as required by applicable law.

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