Home Blog Page 101

The Philippines: A New Growth Opportunity in Southeast Asia

MANILA, Philippines, July 24, 2026 /PRNewswire/ — Southeast Asia has become one of the world’s most dynamic regions for consumer growth, with the Philippines emerging as one of its most promising consumer markets. With a population of over 100 million, a young consumer base, a rapidly developing modern retail sector, and growing consumer demand, the country is creating new opportunities for the freshly prepared beverage industry. Compared with markets such as Indonesia, Vietnam, and Malaysia, where the freshly prepared beverage sector has already entered a stage of large-scale development, the Philippine market is still in a growth stage and therefore offers greater room for expansion. Against this backdrop, MIXUE—an international freshly prepared beverage brand with established operating systems across several Southeast Asian markets—is continuing to deepen its presence in the Philippines.

Local MIXUE Stores in the Philippines
Local MIXUE Stores in the Philippines

For many Filipino consumers, MIXUE is still a relatively new name. Globally, however, it has grown into one of the world’s largest freshly prepared beverage brands by store count, with nearly 60,000 stores worldwide and more than 5,000 stores outside China. Southeast Asia has become a core region in the brand’s global expansion.

However, what has truly driven MIXUE’s sustained growth is not simply its store count, but the integrated business and operational capabilities it has built over many years. Over the years, MIXUE has developed an integrated operating system covering product research and development, raw material supply, intelligent manufacturing, warehousing and logistics, cold-chain distribution, digital operations, and standardized store management. From core ingredients to end stores, and from manufacturing to supply chain management, every stage is continuously optimized around quality, efficiency, and standards. This system not only ensures product consistency but also enables MIXUE to continuously serve consumers worldwide and support stable operations on a large scale.

For the freshly prepared beverage industry, an individual beverage can be imitated and a store format can be replicated. However, building a mature supply chain system and the management capabilities required to support the stable, long-term operation of tens of thousands of stores worldwide takes years of sustained investment. This is MIXUE’s true core competitiveness.

Signature Events of MIXUE in the Philippines
Signature Events of MIXUE in the Philippines

Beyond its industrial capabilities, standardized operations are equally fundamental to MIXUE’s long-term success. The company maintains consistent standards across product quality, food safety, store design, and customer service while continuously driving product innovation to enhance the overall consumer experience.

At the same time, the Snow King character has become a key part of MIXUE’s brand identity. Through its youthful, approachable, and energetic image, Snow King builds emotional connections with consumers across different countries and regions, strengthening the brand’s international communication and appeal.

More importantly, this development model has already been thoroughly validated across Southeast Asia.

In recent years, MIXUE has established a mature regional operating system in Indonesia, achieved large-scale expansion in Vietnam, and continuously strengthened its supply chain and operational capabilities in Malaysia. Although each country presents different market conditions, they have followed a similar growth path: increasing brand awareness, continuous supply chain improvement, stronger local teams, greater operational efficiency, and ultimately the development of a stable and sustainable business ecosystem. This demonstrates not only the sustainability of MIXUE’s business model but also the ability of its Southeast Asian markets to share supply chain resources, operational expertise, and management experience, creating greater regional synergy and efficiency.

A truly international consumer brand creates value beyond selling products.

Signature Events of MIXUE in the Philippines
Signature Events of MIXUE in the Philippines

As MIXUE continues to expand, it creates local employment opportunities, develops local talent, and supports the growth of related upstream and downstream industries, including logistics and transportation, warehousing and distribution, store construction, and equipment maintenance—creating lasting value for the local business ecosystem. Across several Southeast Asian markets, the brand actively participates in corporate social responsibility initiatives, including community programs, educational support, and disaster relief. For example, during the floods in Thailand, MIXUE worked with its partners to donate disaster-relief supplies; in Indonesia, it continues to participate in community programs and youth employment support; and in Vietnam, it actively carries out campus and community outreach activities. For MIXUE, business development and social responsibility go hand in hand. A brand committed to long-term development must not only create commercial value but also continue giving back to the communities where it operates and grow together with local communities.

Today, as Southeast Asia attracts increasing attention from international brands, MIXUE stands out not only for the scale of its global presence, but also for its mature value-chain capabilities, supply chain capabilities, standardized operating capabilities, and a development system validated across multiple markets. These capabilities constitute the most important long-term competitive strengths of an international consumer brand.

Signature Events of MIXUE in the Philippines
Signature Events of MIXUE in the Philippines

The Philippines: The Next Chapter of Growth Begins Here

The Philippines remains one of Southeast Asia’s most promising markets for freshly made beverages, offering significant opportunities for long-term growth.

For MIXUE, the Philippines is not a market waiting to be tested—it is an important part of the company’s Southeast Asian regional strategy. The development of its markets in Indonesia, Vietnam, and Malaysia has already demonstrated that a brand’s lasting success does not come from short-term expansion, but from long-term investment, a mature supply chain system, and the ability to create lasting value.

Looking ahead, MIXUE will continue to bring the integrated business capabilities, operational experience, and brand-building expertise it has accumulated across Southeast Asia to the Philippines. By growing together with local consumers, business partners, and wider Philippine society, MIXUE aims to create more employment opportunities, expand opportunities for business cooperation, and deliver lasting social value to the Philippines.

The Philippines has a promising future, and so does MIXUE’s development in the country. This represents more than an international brand continuing to deepen its presence in a vibrant new market—it also marks the beginning of a new chapter in the Philippines for a development model that has already been validated across Southeast Asia.

From Mexico to Hong Kong, Jose Manuel Cervantes Sanchez is Building Bridges Through Media at CUHK


HONG KONG SAR – Media OutReach Newswire – 24 July 2026 – As the media industry becomes increasingly global and interconnected, students are seeking education that spans cultures and markets. For Jose Manuel Cervantes Sanchez, a scholarship recipient from Mexico, The Chinese University of Hong Kong (CUHK) offers a platform to do exactly that.

Jose Manuel Cervantes Sanchez is Building Bridges Through Media at CUHK
Jose Manuel Cervantes Sanchez is Building Bridges Through Media at CUHK

Hong Kong: A Strategic Hub for Global Media

Currently enrolled in CUHK’s Global Communication programme, Jose is part of a growing wave of international students choosing Hong Kong for its strategic role as a cultural and commercial gateway between East and West. Long fascinated by Asian culture and influenced by family ties to the city, he was drawn to its unique position as a bridge between cultures. “I wanted to become a local with time and create bridges between Mexico and Hong Kong,” he said.

A school adviser first introduced him to CUHK as a strong option, and while he also considered universities in Canada and the United Kingdom, Hong Kong remained his first choice. Receiving the CUHK University Admission Scholarship confirmed his decision.

Academic Excellence and Creative Exploration

Jose’s experience in the Global Communication programme has met his expectations and more. What stands out most to him are the creative courses, which give students hands-on access to professional media equipment and the freedom to experiment. “Being encouraged to explore creativity by some professors has led me to discover new sides of myself,” he noted.

Outside the classroom, Jose has embraced life in Hong Kong with enthusiasm. From cultural events and student society gatherings to exploring local food streets, he has found the city lively and inspiring. The campus MTR station also makes it easy to travel to Shatin, Hong Kong Island, and even the Shenzhen border, adding to the convenience of student life.

A Creative Career Taking Shape in Hong Kong

Looking ahead, Jose hopes to take part in a semester exchange and a media production internship to further strengthen his practical skills. His post-graduation plans remain open, with possibilities in both Mexico’s rapidly growing entertainment industry and Hong Kong’s dynamic market.

For international students considering their options, Jose’s message is clear: CUHK offers academic quality, financial support, and a valuable foothold in one of the world’s most dynamic cities.

CUHK’s Global Communication Programme

CUHK’s Global Communication programme prepares students for an evolving media landscape by combining communication studies with a guaranteed overseas exchange and a curriculum built around real-world experience.

  • Cutting-Edge Facilities: Access to a 4K-UHD Virtual Set Studio, Digital Radio Studio, and VR Lab.
  • Guaranteed Global Exchange: One semester at a partner university in Asia, Europe, or North America.
  • Hands-On Learning: Real-world experience through journalism projects and overseas study tours.
  • International Classroom: A 1:1 ratio of international to local students with all courses taught in English.

For more information about CUHK’s Global Communication programme, visit https://admission.cuhk.edu.hk/programme/gcomn/
Hashtag: #CUHK

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

Singapore’s Largest Pet Event Returns Bigger Than Ever with Singapore Pet Festival 2026

Featuring Cesar Millan’s Singapore Debut, Over 300 Exhibitors, 800+ Brands, International Competitions, and Four Halls of Pet Experiences


SINGAPORE – Media OutReach Newswire – 24 July 2026 – Pet lovers can look forward to the return of SG Pet Festival 2026, Singapore’s largest pet exhibition, happening from 31 July to 2 August 2026 at Marina Bay Sands Convention Centre, Halls A, B, C & D.

Spanning across four exhibition halls, this year’s festival promises its biggest edition yet, bringing together over 300 exhibitors representing more than 800 local and international brands. Visitors can expect an exciting three-day celebration filled with shopping, education, competitions, interactive experiences, exclusive launches, and entertainment for pets and their families.

“Singapore Pet Festival has always been about bringing the pet community together while creating opportunities for brands, businesses, and pet lovers to connect. As the festival continues to grow, we are committed to raising industry standards, supporting education, and introducing new experiences that benefit both consumers and businesses. This year’s festival is our biggest and most exciting edition yet, and we look forward to welcoming everyone to Marina Bay Sands,” said Angie Lim, Managing Director of Citrus Media.

Event Highlights

Cesar Millan Makes His Singapore Debut
One of this year’s biggest highlights is the highly anticipated Singapore debut of world-renowned dog behaviour expert Cesar Millan.
Visitors can look forward to exclusive live sessions, stage appearances, and limited-capacity private workshops. For just $98 per session, pet owners can enjoy an intimate learning experience, gaining practical insights into dog behaviour, training techniques, and the opportunity to learn directly from the world-famous “Dog Whisperer.”
Fans can also choose from specially curated experience packages. The $68 Meet & Greet Package includes a photo with Cesar and a live autograph session, where he will sign the exclusive collectible merchandise included with your ticket. Collectors can also purchase the Exclusive Cesar Millan Collector’s Pack for $50 during the Early Bird promotion, available until 30 July. The pack includes a pair of autographed coasters.

Shop, Save & Win

Visitors can enjoy:

  • $30,000 worth of Cash Rebates & Lucky Draw Prizes
  • Exclusive event-only product launches, promotions, and deals
  • Official TikTok LIVE shopping sessions featuring exclusive festival promotions and participating exhibitors
  • Complimentary Limited Edition Singapore Pet Festival Tote Bag (while stocks last)
  • Complimentary themed photobooth print-outs for qualifying spenders
  • Exclusive giveaways and brand activations throughout the festival

Singapore’s Largest Pet Marketplace

With over 300 exhibitors showcasing 800+ brands, visitors can explore the latest products and services for dogs, cats, birds, small animals, aquatics, and more.
A specially curated Food Street featuring 18 food booths will also offer a delicious selection of food, refreshing beverages, and indulgent desserts, giving visitors plenty of dining options throughout the festival.

International & Industry Highlights

Singapore Pet Festival continues to strengthen its position as a leading regional pet event by welcoming exhibitors and industry professionals from across Asia.

Highlights include:

  • International exhibitors from across Asia, including the Japan Pavilion and Korea Pavilion
  • Singapore’s first International Society of Canine Cosmetologists (ISCC) Grooming Certification & Competition
  • The 8th TICA Cat Show, featuring pedigreed cats and renowned breeders
  • National Dog Obedience Competition, featuring Singapore’s top obedience teams in a live showcase of skill and teamwork supported by Pets Enterprises & Traders Association Singapore (PETAS)
  • International judging panels and industry experts

Dedicated Experiences for Every Pet Lover

Visitors can enjoy:

  • A dedicated Hall D for Cats & Small Animals, showcasing curated brands, activities, and live animal displays, including birds, guinea pigs and chinchillas
  • Interactive pet-friendly activities and experiences
  • Exclusive themed pet photo shoot experiences

Education & Community

Beyond shopping, Singapore Pet Festival aims to educate and connect the pet community through:

  • Educational talks, workshops, and live demonstrations
  • Meet-and-greet opportunities with veterinarians, trainers, groomers, and industry professionals
  • Animal welfare groups hosting on-site adoption drives, giving rescued animals the opportunity to find loving forever homes while promoting responsible pet adoption
  • A platform connecting pet owners, businesses, and animal lovers across the region

Exclusive Media Preview

Ahead of the public opening, invited media representatives, content creators, VIP guests and industry partners will enjoy exclusive early access to Singapore Pet Festival 2026 during the VIP Preview Session on Friday, 31 July, from 10:00 AM.

The preview offers creators a first-hand shopping experience, early access to new product launches and exclusive deals, opportunities to create content before the crowds arrive, and networking with brands and fellow creators.

Hashtag: #clubpets #sgpetfestival #petevents #petexpo #petfair




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

About Singapore Pet Festival

Organised by Citrus Media, Singapore Pet Festival is Singapore’s largest pet exhibition, bringing together pet owners, businesses, brands, professionals, and animal lovers under one roof. Through education, innovation, community engagement, and meaningful collaborations, the festival continues to promote responsible pet ownership while supporting the growth of the regional pet industry.

About Citrus Media

Citrus Media Pte Ltd is a Singapore-based events and media company dedicated to connecting communities through innovative exhibitions, digital media, and lifestyle platforms. The company is the organiser of flagship events including Singapore Pet Festival (SGPF), Singapore Cat Carnival, Blissful One-Stop Wedding Show (BOWS), and operates the Clubpets ecosystem, comprising Clubpets Marketplace, VIPaws Membership Programme, and digital media channels. Citrus Media is committed to creating meaningful experiences that bring together consumers, brands, and industry partners.

DJI Dock Powers Australia’s Broad Area BVLOS Rollout Across Mining and Agriculture

SHENZHEN, China, July 24, 2026 /PRNewswire/ — Australia’s approach to Beyond Visual Line of Sight (BVLOS) drone operations has entered a new phase. Since the Civil Aviation Safety Authority (CASA) introduced its TMI 2025-03 policy, qualified Remote Operator Certificate (ReOC) holders have been able to self-assess and secure broad area BVLOS approvals — cutting what was once a months-long approval process down to days or weeks. DJI Dock, with its automated, remote-operated capability, has become a key enabler for operators across mining, agriculture and beyond looking to capitalise on this regulatory shift.

DJI Dock Powers Australia's Broad Area BVLOS Rollout Across Mining and Agriculture
DJI Dock Powers Australia’s Broad Area BVLOS Rollout Across Mining and Agriculture

Under the TMI 2025-03 framework, CASA offers four standardised pathways: A1 and A2 for RPA with a physical dimension of less than 1 metre, and B1 and B2 for RPA with a physical dimension between 1 and 3 metres. Rather than applying for site-specific approval on a per-project basis, qualified operators can now self-assess whether an operating area meets the defined criteria and proceed accordingly. This has reduced typical approval timelines from six to twelve months down to a matter of days or weeks in many cases. Mining, agriculture, energy, infrastructure and emergency services have been identified as the sectors set to benefit most, and a growing number of operators have already been certified under the framework, with more applications progressing through the pipeline — reflecting rising industry confidence in the new pathway.

In the mining sector, this regulatory shift is already translating into measurable operational gains. Large-scale mine sites often span vast, remote terrain, where routine pit monitoring, surveying and emergency response have traditionally required significant on-site resourcing — a challenge Broad Area BVLOS is now helping operators address. At mine sites operated by BMA and Rio Tinto, RocketDNA’s xBot system supports pit monitoring, emergency response and surveying missions under its own Broad Area BVLOS capability. RocketDNA has also achieved BARS Gold Certification, a safety standard widely required by Tier 1 mining companies. Its Perth and Adelaide-based Remote Operations Centres (ROC) now runs BVLOS operations around the clock, completing approximately 4,500 flights per month – reflecting the growing maturity of BVLOS operations across the sector.

Agriculture is expected to be the next sector to benefit significantly from this shift. From crop monitoring to livestock and paddock inspection, the ability to operate BVLOS across broader areas removes a constraint that has historically limited large-scale agricultural drone deployment. Unlike mining sites, which are typically confined to a single, well-defined lease area, agricultural operations often span multiple properties across a region — making the ability to cover broad areas under a single approval especially valuable for operators serving the sector at scale. DJI is working with a number of Australian agricultural drone operators to explore real-world applications in this space, with further case studies to be announced in the coming months.

Underpinning much of this progress is the capability of DJI’s Dock 3 and FlightHub 2 platform. Dock 3 supports operations at ranges of up to 10 kilometres and is built to operate reliably across a wide temperature range, from -25°C to 45°C, suited to the demands of remote, harsh-environment deployment across Australia. FlightHub 2 adds AI-assisted detection and automated reporting, further reducing the coordination overhead for operators managing multiple sites and helping turn a single approval into a genuinely scalable operating model.

As CASA continues to modernise its regulatory framework, Australia is shifting from a market where only individual projects could fly BVLOS, to one where a growing number of operators can scale standardised, broad area operations. This shift is unlocking new efficiencies for operators across mining, agriculture and beyond, and marks a new phase in the scaled deployment of autonomous drone infrastructure across the Australian market.

Learn more:
https://enterprise-insights.dji.com/blog/a-new-era-for-australian-aviation-unlocking-the-true-potential-of-bvlos

About DJI

Since 2006, DJI has led the world with civilian drone innovations that have empowered individuals to take flight for the first time, visionaries to turn their imagination into reality, and professionals to transform their work entirely. With a solution-oriented mindset and genuine curiosity, DJI has expanded its ambitions into areas such as renewable energy, agriculture, public safety, surveying and mapping, and infrastructure inspection. In every application, DJI products deliver experiences that add value to lives in more profound ways than ever before. 

ARBOR Launches COMX-C710 AI Module Powered by AMD Ryzen™ AI Embedded X100 Processors for Robotics and Physical AI Applications

SAN FRANCISCO, July 24, 2026 /PRNewswire/ — ARBOR Technology Corp. has launched its next-generation COM-HPC module, COMX-C710, powered by the new AMD Ryzen™ AI Embedded X100 Series processors. Targeting robotics, medical, and industrial automation, the module will debut at AMD Advancing AI 2026 in San Francisco on July 23.

ARBOR Launches COMX-C710 AI Module Powered by AMD Ryzen™ AI Embedded X100 Processors for Robotics and Physical AI Applications
ARBOR Launches COMX-C710 AI Module Powered by AMD Ryzen™ AI Embedded X100 Processors for Robotics and Physical AI Applications

“AMD Ryzen AI Embedded processors bring together CPU, GPU, and NPU on a single platform, enabling low-latency, power-efficient AI performance for industrial and autonomous systems,” said Sumit Shah, head of product management and marketing, Adaptive and Embedded Computing Group, AMD.

“With the COMX-C710, ARBOR brings AI on Modules to the next level,” said Vincent Liao, VP of Embedded Computing Product Division of ARBOR Technology. “Powered by AMD Ryzen™ AI Embedded X100 series, the module delivers a highly integrated heterogeneous computing platform that simplifies system design while enabling high-performance, real-time AI processing for robotics, medical, and industrial automation applications.”

Next-Generation Computing Core for Physical AI

Built on the COM-HPC Client Size C form factor that leverages the X100 processor, COMX-C710 delivers up to 126 TOPS of AI performance, including a 50 TOPS XDNA™ 2 NPU. It enables efficient workload distribution across CPU, GPU, and NPU for optimized edge AI processing. Integrated LPDDR5x memory enhances data throughput and energy efficiency, while extended temperature and wide voltage support ensure stable operation in harsh environments.

Enabling Robotics and Physical AI Applications

The module’s heterogeneous architecture consolidates robotic workloads on a single platform. The CPU handles control and decision-making, the GPU supports multi-camera vision and SLAM processing, and the NPU accelerates AI inference such as object detection and scene understanding. This unified design supports models like YOLO, enabling real-time perception and autonomous operation.

Target Markets: Robotics, Medical, and Industrial Automation

COMX-C710 supports AMRs, collaborative robots, robotic arms, medical imaging, endoscopy, patient monitoring, and industrial automation. By integrating control, vision, and AI inference, it simplifies system design, reduces complexity, and helps accelerate deployments.

Delivering “AI on Modules, Bandwidth on Demand”

COMX-C710 reflects ARBOR’s vision of “AI on Modules, Bandwidth on Demand,” combining performance, scalability, and integrated AI acceleration in a standardized COM-HPC platform to advance real-time intelligent and autonomous systems.

Note: AMD, the AMD arrow logo, Ryzen, and combinations thereof are trademarks of Advanced Micro Devices, Inc.

/C O R R E C T I O N — Appian/

In the news release, NSW Community Services Workers Now Accessing Long Service Leave Across Multiple Employers on Appian, issued 22-Jul-2026 by Appian over PR Newswire, we are advised by the company that the release has been updated with revised figures as originally issued inadvertently. The complete, corrected release follows:

NSW Community Services Workers Now Accessing Long Service Leave Across Multiple Employers on Appian

New digital portal already supporting 210,000+ workers with more than $100 million in levy payments processed

SYDNEY, July 24, 2026 /PRNewswire/ — Long Service Corporation (LSC), a New South Wales Government statutory body, has launched a new digital application built on the Appian Platform to help community services workers across the State more easily access long service leave entitlements across multiple employers.

Delivered in partnership with Deloitte, the solution is designed to support workers employed across a broad range of services which look after the wellbeing of individuals and communities across NSW, such as housing and homelessness support, mental health services, and family and domestic violence support. Work in the sector often involves short-term employment contracts, multiple employers, and career breaks, making it difficult to maintain the continuous service traditionally required for long service leave. The new application helps approximately 250,000 workers and their 2,400 employers more easily track and manage their accrued service, ensuring they can access the entitlements they have earned over time.

Since the launch of the Appian-powered Community Services Industry portal in April 2026, more than 8,200 service returns have been submitted by over 2,100 employers, representing an approximate 80% completion rate. In the same period, more than 210,000 workers have been nominated into the scheme, enabling them to begin accruing portable long service leave.

LSC has already received over $100 million in levy payments to support workers in the industry, with total collections projected to exceed $115 million by 1 September 2026, highlighting the scale and momentum of the scheme. These results demonstrate the platform’s rapid impact in streamlining participation and delivering value to employers and workers. Lauren Nagel, Executive Director, LSC, said the application was designed to improve accessibility and reduce administrative complexity for both workers and employers.

“Workers and employers now have dedicated self-service portals and Long Service Corporation can also manage the scheme more efficiently and at scale,” said Nagel. “Using the application, workers and employers can securely interact with LSC through their MyServiceNSW accounts, complete identity verification, receive digital notifications, and manage service return payments online.”

The end-to-end application incorporates multiple NSW Government shared services to provide a streamlined and consistent customer experience. It also enables LSC to reduce manual administration through improved worker matching, guided self-service functionality and greater visibility across employer-worker relationships.

Kal Marshall, Area Vice President for Australia and New Zealand at Appian, said LSC has demonstrated how government agencies can modernise the administrative processes supporting essential community services workers.

“Long Service Corporation’s use case highlights how technology can help simplify highly complex administrative processes while improving outcomes for the people who rely on them most,” said Marshall. “For many community services workers, long service leave is a meaningful benefit that can be difficult to access under traditional employment models. By building a streamlined and scalable digital experience, Long Service Corporation is helping ensure workers can more easily receive the entitlements they have earned.”

Deloitte worked closely with LSC to align legislative requirements, operational processes and technical delivery throughout the project.

LSC also uses Appian Process HQ to monitor adoption, compliance and operational performance across the scheme, with future phases expected to include additional case management functionality.

Adam Karasiewicz, Partner, Deloitte, said the project combined legislative expertise with rapid technology delivery to support the rollout of the new scheme within tight timeframes.

“Portable long service leave schemes are highly specialised and require strong alignment between legislation, policy and operational delivery,” said Karasiewicz. “By combining Deloitte’s workplace integrity and policy expertise with Appian’s platform capabilities, we were able to help LSC deliver a secure, accessible and scalable solution quickly.”

About Appian

Appian provides AI automation for mission-critical work. We automate complex processes in large enterprises and governments. Our platform is known for its unique reliability and scale. We’ve been automating processes for more than 25 years and understand enterprise operations like no one else. For more information, visit appian.com. [Nasdaq: APPN]  

Follow Appian: LinkedIn, YouTube, Instagram, Facebook, and X.

About Deloitte

Deloitte is a leading global provider of audit and assurance, consulting, financial advisory, risk advisory, tax and related services. Our global network of member firms and related entities in more than 150 countries and territories (collectively, the “Deloitte organisation”) serves four out of five Fortune Global 500® companies. Learn how Deloitte’s approximately 400,000 people make an impact that matters at www.deloitte.com.

About Long Service Corporation

Long Service Corporation is a NSW Government statutory authority responsible for administering portable long service leave schemes across the building and construction, contract cleaning and community services sectors. www.nsw.gov.au/longservice corporation

LSC administers portable long service schemes for the building and construction, community services, and contract cleaning industries in NSW: https://www.nsw.gov.au/
LSC administers portable long service schemes for the building and construction, community services, and contract cleaning industries in NSW: https://www.nsw.gov.au/

The Long Service Corporation supports workers in accessing their portable long service leave entitlements while helping employers stay informed, engaged, and compliant with our schemes.
The Long Service Corporation supports workers in accessing their portable long service leave entitlements while helping employers stay informed, engaged, and compliant with our schemes.

Deloitte is a leading global provider of audit and assurance, consulting, financial advisory, risk advisory, tax and related services: www.deloitte.com.
Deloitte is a leading global provider of audit and assurance, consulting, financial advisory, risk advisory, tax and related services: www.deloitte.com.

OneConstruction Group Limited Announces Annual Financial Results for the Fiscal Year Ended March 31, 2026

OneConstruction Group Limited
(NASDAQ: ONEG)

NEW YORK, July 24, 2026 /PRNewswire/ — OneConstruction Group Limited (“OneConstruction Group” or “ONEG”), a Cayman Islands exempted company with limited liability, today announced its audited financial results for the fiscal year ended March 31, 2026. ONEG operates as a structural steelwork contractor for construction projects in both the public and private sectors in Hong Kong through its operating subsidiary, OneConstruction Engineering Projects Limited, a company incorporated under the laws of Hong Kong with limited liability.

Overview:

  • Revenue was $49.4 million for the fiscal year ended March 31, 2026 (“FY2026”), representing a decrease of 7.2% compared to the fiscal year ended March 31, 2025 (“FY2025”).    
  • Net Loss was $13.2 million for the fiscal year ended March 31, 2026 (FY2025: net profit of $0.9 million).

Annual Financial Results for the Year Ended March 31, 2026.

Revenue. Revenue for FY2026 decreased by 7.2% to $49.4 million, compared to $53.2 million in FY2025. The decrease in revenue was mainly attributable to a decline in revenue from structural steelworks for public sector residential construction projects under the Hong Kong Housing Authority, which was partially offset by an increase in revenue from infrastructure and public facilities projects.

Administrative expenses. Administrative expenses for FY2026 increased by 62.4% to $3.6 million, compared to $2.2 million in FY2025. This increase was mainly due to an increase in staff costs, higher lease expenses following the rental of a new office in FY2026, and higher insurance expenses following the purchase of D&O liability insurance after our initial public offering.

Share-based compensation expenses. During the year ended March 31, 2026, the Company granted an aggregate of 3,000,000 share options (the “Incentive Share Options”) to certain employees under its 2025 Equity Incentive Plan for 3-year services. The awards were granted to attract and retain key personnel, provide additional incentives, and align employees’ interests with those of the Company’s shareholders. Each Incentive Share Option entitles the holder to subscribe for one ordinary share of the Company at an exercise price of US$0 per share. The options vest ratably over the three-year requisite service period, and share-based compensation cost is amortized on a straight-line basis over that same period. For the year ended March 31, 2026, the Company recognized share-based compensation expense of $1,487,000 related to these options.

Net Loss. Net loss for FY2026 amounted to $13.2 million as compared to net income of $0.9 million in FY2025. The loss was mainly due to the combined impact of an increased gross loss and higher administrative expenses, both as discussed above.

Basic and diluted EPS. Basic and diluted loss per share were $0.84 and $0.84 per Ordinary Share for FY2026, respectively, as compared to earnings per share of $0.08 and $0.08 per Ordinary Share for FY2025, respectively.

Liquidity and Capital Resources

As of March 31, 2026, ONEG had cash of $1.7 million, total current assets of $36.3 million, and total current liabilities of $14.3 million. Net current assets were $22.0 million and the current ratio was 2.5. As of March 31, 2026, ONEG had total assets and total liabilities of $36.9 million and $36.6 million, respectively, and hence ONEG had shareholders’ equity of $0.3 million. As of March 31, 2026, ONEG had other borrowings of $0.9 million.

Off-Balance Sheet Arrangements

ONEG did not have during the period presented, and it does not currently have, any off-balance sheet financing arrangements or any relationships with unconsolidated entities or financial partnerships, including entities sometimes referred to as structured finance or special purpose entities, that were established for the purpose of facilitating off-balance sheet arrangements or other contractually narrow or limited purposes.

About the OneConstruction Group

OneConstruction Group is a structural steelwork contractor based in Hong Kong. Through its operating subsidiary, OneConstruction Engineering Projects Limited, ONEG specializes in the procurement and installation of structural steel across a diverse range of construction projects in Hong Kong, including residential and commercial developments as well as infrastructure works. While much of its work is commissioned by the public sector, ONEG also serves private clients, delivering customized steel solutions tailored to Hong Kong’s construction needs. For more information, please visit ONEG’s website: www.OneConstruction.com.hk.

Forward-looking Statements

All forward-looking statements, expressed or implied, in this release are based only on information currently available to ONEG and speak only as of the date on which they are made. Investors can find many (but not all) of these statements by the use of words such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or other similar expressions. Except as otherwise required by applicable law, ONEG disclaims any duty to publicly update any forward-looking statement, each of which is expressly qualified by the statements in this section, to reflect events or circumstances after the date of this release. These statements are subject to uncertainties and risks, including, but not limited to, the uncertainties related to market conditions, and other factors discussed in the “Risk Factors” section of the registration statement filed with the U.S. Securities and Exchange Commission (the “SEC”). Although ONEG believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and ONEG cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in ONEG’s registration statement and other filings with the SEC. Additional factors are discussed in ONEG’s filings with the SEC, which are available for review at www.sec.gov.

For more information, please contact:

Investor Relations
Mr. Gordon Li
gli@oneconstruction.com.hk

Media Relations
Ms. Callis Lau / Mr. Gary Li / Ms. Lorraine Luk
oneg@ipr.com.hk

ONECONSTRUCTION GROUP LIMITED

CONSOLIDATED BALANCE SHEETS

As of

March 31,
2026

March 31,
2025

US$’000

US$’000

ASSETS

Current assets:

Accounts receivable, net

15,553

22,934

Prepayment of equipment

209

Deposits, prepayment and other receivables

329

218

Contract assets

18,699

24,969

Cash and cash equivalents

1,694

749

Total current assets

36,275

49,079

Non-current assets:

Property and equipment

414

11

Right-of-use assets, operating leases

211

567

Deferred tax assets

188

Total non-current assets

625

766

Total assets

36,900

49,845

LIABILITIES AND EQUITY

Accounts payable

9,275

10,350

Accruals and other payables

3,496

2,351

Amount due to a shareholder

9

2

Contract liabilities

283

630

Operating lease liabilities

211

373

Bank and other borrowings

913

2,117

Current income tax liabilities

120

121

Total current liabilities

14,307

15,944

Non-current liabilities:

Operating lease liabilities

193

Loan due to a shareholder

22,310

21,567

Total non-current liabilities

22,310

21,760

Shareholders’ equity:

Ordinary shares, par value US$0.0001, 500,000,000 shares authorized,
     16,000,000 and 13,000,000 ordinary shares issued and outstanding as
     of March 31, 2026 and 2025 respectively

2

1

Additional paid-in capital

7,035

5,570

(Accumulated loss) Retained earnings

(6,714)

6,497

Exchange reserve

(40)

73

Total shareholders’ equity

283

12,141

Total liabilities and equity

36,900

49,845

 

ONECONSTRUCTION GROUP LIMITED

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME

2026

2025

2024

US$’000

US$’000

US$’000

Revenue

49,358

53,205

63,463

Cost of revenue

(56,475)

(49,289)

(59,020)

Gross (loss) profit

(7,117)

3,916

4,443

Other income

480

12

13

Allowance for credit loss on accounts receivable and
     contract assets

(892)

(13)

(1,347)

Administrative expenses

(3,617)

(2,227)

(877)

Share based compensation expenses

(1,487)

(Loss) profit from operations

(12,633)

1,688

2,232

Finance costs

(392)

(549)

(322)

(Loss) profit before taxation

(13,025)

1,139

1,910

Income tax expense

(186)

(241)

(141)

Net (loss) income

(13,211)

898

1,769

Other comprehensive (expense) income

Exchange difference on translation of foreign operations

(113)

44

28

Total comprehensive (expense) income attributable to
     shareholders

(13,324)

942

1,797

Net (loss) income per share attributable to shareholders

Basic and diluted (cents)

(84)

8

16

Weighted average number of ordinary shares used in
     computing net (loss) income per share

Basic and diluted

15,720,548

11,686,301

11,250,000

 

Fly-E Group, Inc. Receives Nasdaq Notification of Non-Compliance with Listing Rule 5250(c)(1)

NEW YORK, July 24,2026 /PRNewswire/ — Fly-E Group, Inc. (Nasdaq: FLYE) (“Fly-E” or the “Company”), an electric vehicle company engaged in designing, installing, selling, and renting smart electric motorcycles, electric bikes, and electric scooters, today announced that on July 21, 2026, it received a delinquency notification letter from the Listing Qualifications Staff of the Nasdaq Stock Market LLC (“Nasdaq”) due to the Company’s non-compliance with Nasdaq Listing Rule 5250(c)(1) (the “Listing Rule”) as a result of the Company’s failure to timely file its Annual Report on Form 10-K for the period ended March 31, 2026 (the “Filing”). The Listing Rule requires listed companies to timely file all required periodic financial reports with the Securities and Exchange Commission (the “SEC”).

This Notice has no immediate effect on the listing of the Company’s securities on Nasdaq. However, if the Company fails to timely regain compliance with the Rule, the Company’s securities will be subject to delisting from Nasdaq.

The Notice provides that the Company may submit to Nasdaq a plan to regain compliance with the Nasdaq Listing Rule by September 21, 2026. If Nasdaq accepts the Company’s plan, then Nasdaq may grant the Company up to 180 calendar days from the Filing’s due date, or until January 11, 2027, to regain compliance. If Nasdaq does not accept the Company’s plan, then the Company will have the opportunity to appeal that decision to a Nasdaq Hearings Panel.

The Company filed its Annual Report on Form 10-K for the period ended March 31, 2026 on July 23, 2026, which would eliminate the need for the Company to submit a formal plan to regain compliance.

About Fly-E Group, Inc.

Fly-E Group, Inc. is an electric vehicle company that is principally engaged in designing, installing, selling, and renting smart electric motorcycles, electric bikes and electric under the brand “Fly E-Bike.” The Company’s commitment is to encourage people to incorporate eco-friendly transportation into their active lifestyles, ultimately contributing towards building a more environmentally friendly future. For more information, please visit the Company’s website: https://investors.flyebike.com.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these statements by the use of words such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or other similar expressions. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct. The Company cautions investors that actual results may differ materially from the anticipated results, and that the forward-looking statements contained in this press release are subject to the risks set forth in the Company’s filings with the Securities and Exchange Commission (the “SEC”), including the section under “Risk Factors” of its most recent Annual Report on Form 10-K for the fiscal year ended March 31, 2026, filed with the SEC on July 23, 2026, as amended by the Company’s subsequent filings, including updates to the Risk Factors. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law.

For investor and media inquiries, please contact:

Fly-E Group, Inc.
Investor Relations Department
Email: ir@flyebike.com

Seaquant Consulting
Email: investors@sea-quant.com