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Laos-China Railway Expands Services for Chinese New Year Travelers

Laos-China Railway Expands Services for Chinese New Year Travelers
Travelers gather at the bustling the Laos-China Railway Station

With the Chinese New Year approaching, the Laos-China Railway has rolled out special measures at the Bohan Railway Border, including expanded counter services and a lane for travelers, to manage the surge in passenger flow.

Hong Kong Airlines Takes Off to Australia’s Gold Coast Bringing Popular Travel Option for the Chinese New Year

HONG KONG, Jan. 18, 2025 /PRNewswire/ — Hong Kong Airlines celebrated the first flight between Hong Kong and Australia’s Gold Coast, marking the airline’s return to become the first local carrier to reinstate this highly anticipated route after several years.

Hong Kong Airlines held a ceremony event at Hong Kong Airport to mark the relaunch
Hong Kong Airlines held a ceremony event at Hong Kong Airport to mark the relaunch

Operating seasonally from 17 January to 15 February 2025, the service covers four flights per week for a four-week period encompassing the Chinese Lunar New Year holiday. The route is operated by an A330 wide-body aircraft, offering both business and economy-class seating.

To commemorate the relaunch, a ceremony was held at the boarding gate before the inaugural flight took off. Hong Kong Airlines President Mr Jeff Sun, representatives of Gold Coast and Queensland Airports, as well as senior representatives of the Airport Authority Hong Kong attended the event, interacted with passengers, and presented bespoke gifts to share the joy.

First flight HX015 to Gold Coast arriving at the Gold Coast Airport at 8:55 am local time. Passengers are welcomed by a lively traditional lion dance performance arranged by the Gold Coast Airport.

OOL airport welcomes HKA with lion dance
OOL airport welcomes HKA with lion dance

Hong Kong Airlines Chairman Mr Yan Bo stated, “We are delighted to have a full flight of passengers on our first voyage, with around 300 travellers coming to experience Queensland’s warm climate and exciting tourist activities. We also look forward to welcoming visitors from the Gold Coast and the Queensland region to Hong Kong during our operation period, inviting them to immerse in the vibrant atmosphere of the Chinese Lunar New Year celebrations and enjoy authentic Hong Kong cuisine.”

Hong Kong Airlines President and Captain Mr Sun joined the cockpit crew to pilot the first flight, he stated, “As one of Hong Kong’s leading full-service airlines, Hong Kong Airlines is committed to providing high-quality, comprehensive services, including flexible baggage allowance options, complimentary inflight meals, and comfortable seats, to ensure that every passenger can enjoy a pleasant journey.”

A welcoming ceremony was held at the Gold Coast Airport
A welcoming ceremony was held at the Gold Coast Airport

Queensland Airports Limited CEO Ms Amelia Evans said, “We’re delighted to welcome Hong Kong Airlines’ guests to our beautiful city of Gold Coast and can’t wait for them to experience the best of an Australian summer across the whole region. We hope this connection with Hong Kong will pave the way for longer-term services across our key markets in Hong Kong, the Greater Bay Area, and Mainland China.”

Queensland Tourism Minister Andrew Powell stated, “This influx from Hong Kong over the Lunar New Year period is an exciting opportunity for Gold Coast, supporting local jobs and the economy.”

Tourism and Events Queensland’s (TEQ) Ollie Philpot helped mark the milestone arrival. He commented, “TEQ has worked closely with Hong Kong Airlines and partners including Experience Gold Coast to put the Gold Coast up in lights in Hong Kong and Mainland China to drive demand for these flights and the destination.”

Acting Gold Coast Mayor Donna Gates celebrated the return of this important service after six years and its positive contribution to the region.

Experience Gold Coast CEO John Warn said the resumption of Hong Kong Airlines’ services marks a significant step forward for the Gold Coast’s tourism industry.

China is a hugely important source market for the Gold Coast, so we are thrilled to see Hong Kong Airlines’ services lift off again,” 

The resumption of the Gold Coast route marks Hong Kong Airlines’ first step back into the long-haul market. The company is progressively expanding its fleet to support a phased expansion of its network, including potential new routes within Australia and a return to the North American market. Additionally, beyond Vancouver, the airline is also actively exploring the possibility of expanding services to Los Angeles, Seattle, and Toronto to offer passengers a wider range of international travel options.

Hong Kong Airlines flight schedule* between Hong Kong and Gold Coast is as follows (All times local): 

Route

Flight Number

Departure

Arrival

Frequency

HKG – OOL

HX015

22:00

08:55+1

Mon, Wed. Fri, Sun

OOL – HKG

HX016

10:25

17:20

Mon, Tue, Thurs, Sat

* Flight number and schedule may change without prior notice

For high-resolution photos, please download here: https://bitly.cx/xLwl

About Hong Kong Airlines

Established in 2006, Hong Kong Airlines is a full-service airline firmly rooted in Hong Kong. The airline flies to 30 destinations across the Asia Pacific, and currently maintains interline and codeshares with multiple airline partners and ferry service providers. Hong Kong Airlines operates an all-Airbus fleet. It has been awarded the internationally acclaimed four-star rating from Skytrax since 2011. For more information, please visit hongkongairlines.com or our social media channels on LinkedIn, Twitter, Instagram and Facebook.

Galaxy Macau Collaborates with “Luzhou Laojiao · Guojiao 1573” Spring Festival Tasting Pop-Up Store Debuts

Experience Exclusive 2025 Yisi Snake Year Baijiu at Galaxy Macau Until March 31, 2025


MACAU SAR – Media OutReach Newswire – 18 January 2025 – In the spirit of the Lunar New Year, the world-class integrated resort, Galaxy Macau™ has partnered with the renowned Guojiao 1573, one of China’s most prestigious baijiu brands, to present the first-ever “Auspicious Snake · Guojiao 1573 Tasting Festival” pop-up store in Macau.

Galaxy Macau joins hands with Guojiao 1573, a leading strong-aroma baijiu brand, to present Macau's first Guojiao 1573 pop-up store.
Galaxy Macau joins hands with Guojiao 1573, a leading strong-aroma baijiu brand, to present Macau’s first Guojiao 1573 pop-up store.

The Guojiao 1573 Tasting Festival pop-up store officially opened on January 17 with a ceremony attended by distinguished guests and senior management, including senior management from Mr. Nelson Chan, Executive Vice President of Customer Development of Galaxy Entertainment Group and Mr. Xiang Ye, the General Manager of the Comprehensive Management Department at Luzhou Laojiao International Development (Hong Kong) Co., Ltd., along with Ms. Lucy Siu, Senior Regional Sales Manager and Ms. Shirley Ieong, General Manager of Wai Ming Hong, who gathered to witness this precious moment.

The Guojiao 1573 tasting festival pop-up store at Galaxy Macau officially opened, marking its grand debut with a ceremony attended by distinguished guests and senior executives.
The Guojiao 1573 tasting festival pop-up store at Galaxy Macau officially opened, marking its grand debut with a ceremony attended by distinguished guests and senior executives.

Macao’s First National Liquor Launch

From January 17 to March 31, 2025, two Chinese New Year gift liquors – “Guojiao 1573 · Auspicious Spirit Snake” and “Luzhou Laojiao · 2025 Year of the Yi Si Lunar New Year Gift Baijiu,” will debut at the pop-up store for the first time in Macau.

The design of both exclusive offerings features fine porcelain bottles crafted by Yongfengyuan Guoci. The Guojiao 1573 · Auspicious Spirit Snake, limited to 2025 bottles, is adorned with golden yellow glaze and a spirit snake symbolizing wealth and blessings, with a tail embracing a copper coin. The Luzhou Laojiao · 2025 Year of the Yi Si Lunar New Year Gift Baijiu, features a gold-ingot-topped lid symbolizing fortune. Both baijiu deliver a rich and layered aroma, smooth and soft palate, leaving a lasting impression. They are of great collection value with limited edition for sales. Guests can enjoy tastings of Luzhou Laojiao · Antique Edition and Guojiao 1573 · Classic in the pop-up store, alongside exclusive privileges and limited-time pairing menus.

The pop-up store offers a range of exclusive experiences, including special offers and premium tasting sessions.
The pop-up store offers a range of exclusive experiences, including special offers and premium tasting sessions.

Exquisite Pairings of Fine Baijiu and Cuisine

From now until March 31, five Chinese restaurants at Galaxy Macau and StarWorld Hotel are collaborating with Guojiao 1573 to present a limited-time baijiu pairing menu. Notable restaurants include Michelin two-star restaurant Feng Wei Ju, Shang Pin Seafood Hotpot Restaurant, Pang’s Kitchen, Putien, and Bei Shan Lou, featuring signature dishes such as Signature Roost Goose, Pan-fried Dalian Abalone, Simmered Softshell Turtle, Crystal Duck with Ginseng Herbal Soup, Braised Soft-Shelled Turtle with Goose. Guests can savor the perfect harmony of Luzhou Laojiao · Antique Edition with various gourmet delicacies. These dishes are paired with specially crafted Guojiao 1573 liquors and Luzhou Laojiao · Zisha Daqu, welcoming the spring with rich flavors and festive spirit, allowing guests to savor the harmonious beauty of strong-aroma baijiu and exquisite Cantonese and Fujian delicacies.

The “Guojiao 1573 · Auspicious Spirit Snake” and “Luzhou Laojiao · 2025 Year of the Yi Si Lunar New Year Gift Baijiu,” will debut at the pop-up store for the first time in Macau.
The “Guojiao 1573 · Auspicious Spirit Snake” and “Luzhou Laojiao · 2025 Year of the Yi Si Lunar New Year Gift Baijiu,” will debut at the pop-up store for the first time in Macau.

There are five Chinese restaurants at Galaxy Macau and StarWorld Hotel collaborating with Guojiao 1573 to present a limited-time baijiu pairing menu.
There are five Chinese restaurants at Galaxy Macau and StarWorld Hotel collaborating with Guojiao 1573 to present a limited-time baijiu pairing menu.

Hashtag: #GalaxyMacau

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

ABOUT GALAXY MACAU INTEGRATED RESORT

Galaxy Macau™, The World-class Luxury Integrated Resort delivers the “Most Spectacular Entertainment and Leisure Destination in the World”. Developed at an investment of HK$43 billion, the property covers 1.1 million-square-meter of unique entertainment and leisure attractions that are unlike anything else in Macau. Eight award-winning world-class luxury hotels provide close to 5,000 rooms, suites and villas. They include Banyan Tree Macau, Galaxy Hotel™, Hotel Okura Macau, JW Marriott Hotel Macau, The Ritz-Carlton, Macau, Broadway Hotel, Raffles at Galaxy Macau, Andaz Macau. Unique to Galaxy Macau, the 75,000-square-meter Grand Resort Deck features the world’s longest Skytop Adventure Rapids at 575-meters, the largest Skytop Wave Pool with waves up to 1.5-meters high and 150-meters pristine white sand beach. Two five-star spas from Banyan Tree Spa Macau and The Ritz- Carlton Spa, Macau help guests relax and rejuvenate.

As the dining destination in Asia, Galaxy Macau offers a wide variety of gastronomic delights, exquisite experiences and ingredients of the finest quality with over 120 dining options from Michelin dining to authentic delicacies.

Embark on a delightful and rewarding journey at Galaxy Promenade, the one-stop shopping destination boasting some of the world’s most iconic luxury brands. Be the first to get the latest limited-edition items; explore fascinating pop-ups by coveted labels and revel in fabulous shopping rewards and privileges. Our VIPs are entitled to a highly-curated experience with dedicated personal shoppers at guests’ service, and be invited to exclusive luxury brand events. A different caliber of privileges and rewards also await. Discover the joys of fashion and stand at the forefront of style and sophistication—Galaxy Promenade has everything guests need to stay ahead of the style game.

Galaxy Cinemas, immersive thrills and luxurious comfort go hand in hand at Galaxy Cinemas. All 10 theaters are equipped with the latest audio-visual technology; CHINA ROUGE, one-of-a-kind deluxe lounge that evokes the glitz and glamor of Shanghai’s golden era with entertainment in luxury and style; and Foot Hub presents the traditional art of reflexology to make you feel more relaxed and revitalized. For Authentic Macau Flavours & Vibrant Asian Experiences, Broadway Macau – just a 90-second walk via a bridge from Galaxy Macau, has over 35 Authentic Macau & Asian Flavours at its Broadway Food Street. The 2,500-seat Broadway Theatre plays host to world-class entertainers and a diverse array of cultural events.

Meeting, incentive and banquet groups are also well looked after with a portfolio of unique venues in Galaxy Macau and a professional service staff. Galaxy International Convention Center (GICC) is the latest addition to the Group’s ever-expanding integrated resort precinct and will usher in a new era for the MICE industry in Macau. GICC is a world- class event venue featuring 40,000-square-meter of total flexible MICE, and a 16,000-seat Galaxy Arena – the largest indoor arena in Macau.

For more details, please visit www.galaxymacau.com, and

The Moskowitz Law Firm, PLLC Announces Preliminary Approval of a Proposed Class Action Settlement on Behalf of Purchasers of Astrals Non-Fungible Tokens and Galaxy Tokens

MIAMI, Jan. 18, 2025 /PRNewswire/ — The Moskowitz Law Firm, PLLC announces the preliminary approval of a proposed class action settlement that would benefit purchasers and legal title holders of Astrals Non-Fungible Tokens or Galaxy Tokens:

On January 14, 2025, the United States District Court for the Southern District of Florida preliminarily approved a proposed settlement of a class action captioned Harper v. O’Neal, Case No. 23-CV-21912-MORENO. The settlement class includes persons and entities who, from May 24, 2022 to January 14, 2025, purchased Astrals NFTS and/or who, before January 14, 2025, purchased GLXY tokens.

Claims for settlement benefits must be submitted by April 17, 2025. Objections to the settlement and requests for exclusion from the settlement must be received by March 3, 2025 in accordance with the instructions in the Class Notice, which is posted on the settlement website www.astralsnftsettlement.com. The Court will hold a Final Approval Hearing on April 1, 2025, at 9:30 a.m. For more information about the settlement and its terms please visit www.astralsnftsettlement.com.

If you have questions about any matter in this Class Notice, please contact the following representative of Class Counsel, who can answer questions:

Adam M. Moskowitz
The Moskowitz Law Firm, PLLC
P.O. Box 653409
Miami, FL 33175
(305) 740-1423
adam@moskowitz-law.com
service@moskowitz-law.com 

MediBeacon® Transdermal GFR System Receives FDA Approval to Assess Kidney Function

  • Transdermal GFR System (TGFR) is a first-in-kind product for point of care assessment of kidney function in patients with normal or impaired renal function.
  • The transdermal GFR (tGFR) methodology has been designed to be effective across the adult population without input of age, weight, sex, gender, race, or ethnicity.
  • More than 800 million people have Chronic Kidney Disease (CKD), one of the world’s leading causes of mortality worldwide, with associated deaths increasing over the past two decades.1

ST. LOUIS, Jan. 18, 2025 /PRNewswire/ — MediBeacon Inc. today announced the U.S. Food and Drug Administration (FDA) has approved the MediBeacon® TGFR for the assessment of kidney function in patients with normal or impaired renal function.

The TGFR is comprised of the TGFR Sensor, TGFR Monitor, and Lumitrace® (relmapirazin) injection, a non-radioactive, non-iodinated fluorescent GFR tracer agent, which together allow assessment of kidney function by measuring the clearance rate of the fluorescent agent as it leaves the body. The system records Lumitrace fluorescence intensity transdermally as a function of time via a sensor placed on the skin. The TGFR Sensor records 2.5 fluorescent readings per second and the TGFR Monitor will display the average session tGFR reading at the patient’s bedside or in the outpatient setting.

The TGFR is validated for use in the assessment of Glomerular Filtration Rate (GFR) in patients with stable kidney function at the point of care. The TGFR utilizes an intravenous Lumitrace injection but does not require blood draws or urine analysis, unlike current methodologies requiring multiple blood draws or urine samples. In addition, current clinical practice measured GFR (mGFR) assessment requires sophisticated clinical laboratory analysis away from the patient’s point of care.

“The development of a system such as the TGFR that assesses a patient’s kidney function without the need to use estimating equations is an important milestone for the nephrology community,” said Dr. Mitchell Rosner, chair of the Department of Medicine at University of Virginia and a highly regarded expert who has authored numerous articles on the challenges of assessing kidney function. “We are excited to explore applications of the transdermal GFR methodology in patients where current clinical practice is understood to be suboptimal.”

Dr. Pierre Galichon, an active kidney researcher at the Sorbonne Université and an attending physician in kidney transplantation at Pitié-Salpêtrière Hospital in Paris, said: “It has long been a challenge to understand kidney function in the context of its interaction with other vital organs, such as the heart and lungs. My experience with MediBeacon products in preclinical use, as relayed in Scientific Reports,2 has been exciting, and I look forward to evaluating how transdermal GFR can be applied in clinical practice.”

“The approval of the TGFR by the FDA demonstrates our proprietary system can provide an effective option for assessing kidney function,” said Steve Hanley, CEO of MediBeacon. “According to the National Kidney Foundation, CKD causes more deaths each year than breast cancer or prostate cancer. It is the under-recognized public health crisis.3 The potential applications for the TGFR are numerous, and we look forward to exploring them with clinicians both in the hospital and outpatient settings.”

The timing of FDA approval aligns well with the Q4 2024 publication by MediBeacon’s Chief Scientific Officer, Dr. Richard Dorshow, et al. in Kidney International4 with data that supports the utility of MediBeacon’s patented agent Lumitrace®.

The TGFR met its primary efficacy endpoint as per agreement with the FDA by demonstrating a P30 value of 94% while recruiting patients with a range of GFR values and skin tones. P30 is defined as the percentage of GFR estimation falling within +/- 30% of measured GFR (mGFR) values. 

P30 Value

Upper 95% Confidence Bounds

Lower 95% Confidence Bounds

94.0 %

96.9 %

89.4 %

 

In clinical studies no serious or severe adverse events have been observed. For more information, including the FDA Summary of Safety and Effectiveness Data, please refer to www.fda.gov.

About MediBeacon Inc.
MediBeacon is a medical technology company specializing in the advancement of fluorescent tracer agents and their transdermal detection. MediBeacon’s use of proprietary fluorescent tracer agents coupled with transdermal detection technology focuses on providing vital and actionable measurement of organ function. MediBeacon owns over 55 granted U.S. patents and over 215 granted patents worldwide that provide extensive coverage of the MediBeacon® TGFR, including Lumitrace® injection, the sensor and algorithms, as well as other strategic uses of its proprietary pyrazine platform and sensor technology. The TGFR is approved for human use. Potential technology applications in gastroenterology, ophthalmology and surgery are in various stages of clinical development. MediBeacon is based in St. Louis, Missouri, with additional operations in Mannheim, Germany. For more information, please visit: www.medibeacon.com.

About Lumitrace® (relmapirazin) injection
Relmapirazin is a non-radioactive, non-iodinated pyrazine-based compound, which has been engineered to be inert, highly fluorescent, and have the clearance properties of a GFR tracer agent in the body. The unique photophysical characteristics of Lumitrace have been designed to enable the collection of fluorescence data via a photodetector sensor placed on the skin. Data collected by the sensor measures the change in the intensity of Lumitrace fluorescence over time and is converted into a transdermal GFR (tGFR) by proprietary algorithms. In a phase 2 investigational study mGFR deduced from Lumitrace matched that of mGFR deduced from iohexol over a range of GFR values. See the peer reviewed article published in the October 2024 issue of Kidney International by Dorshow et al.

IMPORTANT SAFETY INFORMATION FOR TGFR 

Indication for Use:
The MediBeacon® Transdermal GFR System (TGFR) is intended to assess the Glomerular Filtration Rate (GFR) in adult patients with impaired or normal renal function by noninvasively monitoring fluorescent light emission from an exogenous tracer agent over time. This device has been validated in patients with stable renal function.

The MediBeacon® TGFR is not approved for use in patients with GFR <15 ml/min/1.73 m2, GFR >120 ml/min/1.73m2, patients on dialysis, or anuric patients. The use of this device in patients with dynamic and rapidly changing renal function has not been validated. This device is not intended to diagnose acute kidney injury (AKI).

The MediBeacon® TGFR Sensor and exogenous tracer agent, Lumitrace® injection, are single use and are only used with the MediBeacon® TGFR.

The MediBeacon® TGFR Sensor is a single use device intended to attach to the patient’s skin and excite fluorescence in Lumitrace® injection, the tracer agent, and measure the returning light intensity. The data is sent to the MediBeacon® TGFR Monitor.

Lumitrace® is an injectable exogenous fluorescent tracer indicated for use with the MediBeacon® Transdermal GFR System (TGFR) for Glomerular Filtration Rate assessment.

Contraindications:
There are no known contraindications.

Warnings and Precautions:

  • See ifu.medibeacon.com for full instructions, warnings, and cautions.
  • In clinical studies no serious or severe adverse events have been observed.
  • Lumitrace® injection has light absorbance at 266nm and 435nm, and broad fluorescent emission at ~560nm when excited at ~440nm. Any drug activated at these wavelengths should not be used in conjunction with Lumitrace.
  • Lumitrace injection may interfere with clinical laboratory tests. DO NOT ADMINISTER if the patient is expected to need clinical laboratory testing while Lumitrace is present in their system (up to 72 hours for renally-impaired patients). The presence of Lumitrace decreased B-Type Natriuretic Peptide (BNP) results by around 20% in limited testing.
  • Bolus infusions may impact the GFR assessment temporarily while the vasculature-tissue equilibrium is re-established.
  • During a TGFR session, the patient should be as still as possible, especially during the “Establishing Baseline” stage. The current system is designed to compensate for light activity such as reading or eating after the Baseline stage.

1 Epidemiology of chronic kidney disease: an update 2022, Kidney International Supplement, 2022 Apr;12(1):7-11. doi: 10.1016/j.kisu.2021.11.003., Csaba P Kovesdy
2 Pulmonary hypertension without heart failure causes cardiorenal syndrome in a porcine model, Scientific Reports (2023) 13:9130, Orieux et al, doi.org/10.1038/s41598-023-36124-1
3 National Kidney Foundation, Fast Facts (2024 Update), Updated as of 8/6/2024
4 Clinical validation of the novel fluorescent glomerular filtration rate tracer agent relmapirazin (MB-102), Kidney International, Volume 106, Issue 4, P679-687, October 2024, DOI: 10.1016/j.kint.2024.06.012

EZGO ANNOUNCES FINANCIAL RESULTS FOR FISCAL YEAR 2024

CHANGZHOU, China, Jan. 18, 2025 /PRNewswire/ — EZGO Technologies Ltd. (Nasdaq: EZGO) (“EZGO” or “we”, “our”, or the “Company”), a leading short-distance transportation solutions provider in China, today announced its audited financial results for the fiscal year ended September 30, 2024 (the “Fiscal Year 2024”).

Fiscal Year 2024 Financial Highlights (all results compared to the prior year period unless otherwise noted)

  • Revenues were $21.1 million, an increase of 32.7%, which was primarily due to the increase of sales of battery packs resulting from the increased acceptance of our lithium battery packs in the market.
  • Gross profit was $1.5 million, an increase of 32.5%. Gross margin was 7.1%, which remained stable with a slight decrease from 7.2% for the fiscal year 2023.
  • Net loss was $8.1 million, an increase from net loss of $7.3 million for the fiscal year 2023, representing an increase of 11.4%, which was primarily raised from the increase in impairment of long-term equity investment.
  • Basic and diluted loss per share attributable to shareholders was $2.80, compared to $5.91 for the fiscal year 2023.
  • As of September 30, 2024, the Company had cash and cash equivalents of $3.5 million, compared to $17.3 million as of September 30, 2023.

Management Commentary

Mr. Jianhui Ye, Chief Executive Officer of EZGO, stated, “In the past fiscal year, the Company’s operating revenue increased by over 30%, which was attributed to the timely adjustment of business strategies by the Company’s management, their proactive response to new industry and market challenges, and the timely shift of business focusing on the lithium-ion battery (LIB) for low-speed e-bicycles. During the second quarter of this fiscal year, the e-bicycle business experienced a significant decline due to the “Nanjing EV Charging Station Massive Fire” accident, leading most dealers and consumers to adopt a wait-and-see attitude towards the existing stock of e-bicycles in the short term.

In response to changes in the market and regulatory environment, the Company has shifted its business focus towards LIB, intensifying product development efforts and cooperation with LIB manufacturing partners. The Company has also introduced multiple safe and efficient LIB products to the market through various channels, rapidly capturing the LIB market for e-bicycles and e-tricycles. Additionally, the e-bicycle business has transitioned from channel marketing to direct client marketing, with a focus on developing the e-bicycle sharing and rental market.

The aforementioned adjustment of business focus and new business layout have significantly tied up the Company’s working capital, resulting in a substantial year-on-year decline in working capital at the end of this fiscal year. However, as the expansion of new LIB product channels gradually takes shape and the sales of electric vehicle begins to show results, the occupation of operating capital in these two business segments will be effectively alleviated.

During the past fiscal year, the sales of the Company’s electronic control system products declined slightly compared to the previous period, yet the gross profit margin remained high. With the business strategy of increasing research and development expense and continuous market development investment, this business line is expected to contribute persistently to improving the Company’s overall profitability over the next three years. The intelligent robotics business is in the market introduction phase and has not yet formed sustained and stable order support. However, the Company will continue investing in research and development for this business line, aiming to build a new product matrix.”

Fiscal Year 2024 Financial Review

Net revenues

The following table identifies the disaggregation of our revenue from continuing operations and reportable segments for the fiscal years ended September 30, 2022, 2023 and 2024, respectively:

Years Ended September 30,

Segment

2022

2023

2024

Sales of batteries and
battery packs

Battery cells and
packs segment

$

6,990,215

$

8,245,966

$

16,318,839

Sales of e-bicycles

E-bicycle sales
segment

9,405,103

4,276,147

2,899,541

Sales of electronic
control system and
intelligent robots

Electronic control
system and intelligent
robot sales segment

2,344,373

1,401,783

Others

993,899

1,054,173

514,262

Net Revenue

$

17,389,217

$

15,920,659

$

21,134,425

Net revenues from continuing operations for the fiscal year ended September 30, 2024 (the “Fiscal Year 2024”) was $21.1 million, an increase of 32.7% from $15.9 million for the fiscal year ended September 30, 2023 (the “Fiscal Year 2023”). The increase in revenue from Fiscal Year 2023 to Fiscal Year 2024 was mainly due to the increased sales of battery packs and partially offset by the decreased sales of e-bicycles and the decreased sales of electronic control system and intelligent robots.

The revenue from sales of battery packs was $16.3 million for Fiscal Year 2024, an increase of 97.9% from $8.2 million for Fiscal Year 2023, due to the remarkable increase in sales volume derived by several large orders from major customers responding to the heightened market demand for high-performance battery solutions. In addition, such an increase mainly resulted from the increased acceptance of our lithium battery packs in the market and the development of the lead-acid battery market in Sichuan. Overall, our sales volume of lithium battery packs increased by 256.5% for the year ended September 30, 2024, compared to fiscal 2023.

The revenue from sales of e-bicycles was $2.9 million for Fiscal Year 2024, a decrease of 32.2% from $4.3 million for Fiscal Year 2023 due to the decreased sales volume of the e-bicycles resulting from the fierce competition of the e-bicycle industry.

The revenue from sales of electronic control systems and intelligent robots was $1.4 million for Fiscal Year 2024, a decrease of 40.2% from $2.3 million for Fiscal Year 2023, mainly due to the decrease of $1,510,225 in sales of intelligent robots and offset by the increase of $951,665 in sales of electronic control systems. The revenue from sales of electronic control systems increased significantly by 211.4 % for fiscal 2024 compared to fiscal 2023, primarily due to the increased emphasis on environmental protection and construction safety within the industrial machinery sector. The decrease in sales for intelligent robots is primarily attributed to the fact that our main clients were upgrading and renovating their park facilities, resulting in no demand for intelligent robots during fiscal 2024.

Cost of revenues

Cost of revenues was $19.6 million for Fiscal Year 2024, an increase of 32.8% from $14.8 million for Fiscal Year 2023, which was primarily due to the increase of manufacturing and purchase cost of battery packs for sales of batteries and battery packs, which is in line with the increase of revenues.

Gross profit

Gross profit was $1.5 million for Fiscal Year 2024, an increase of 32.5% from $1.1 million for Fiscal Year 2023.

Gross profit margin remained relatively stable, with a slight decrease from 7.2% in fiscal 2023 to 7.1% in fiscal 2024. The gross profit from electronic control system and intelligent robot sales segment increased from 25.8% for fiscal 2023 to 47.3% for fiscal 2024, predominantly attributable to the enhanced contribution of electronic control system sales business with a higher gross profit margin. The electronic control system developed and manufactured by Changzhou Higgs was embedded with highly complex software and the limited competition in the market results in a relatively high gross profit margin of 47.3% for electronic control system sales, which accounts for 6.6% of our total revenue in fiscal 2024 compared to 5.0% in fiscal 2023.

Selling and marketing expenses

Selling and marketing expenses remained relatively stable at $0.6 million for Fiscal Year 2024, a slight decrease of 9.5% compared to fiscal 2023, primarily due to the decrease in advertisement and business promotion expenses, service expenses and travel expenses. Advertisement and business promotion expenses s decreased by $71,610 or 92.6% to $5,751 in fiscal 2024, mainly due to the reduced advertising demands as our existing customer base and sales force were sufficient to support our business development and expansion. Travel expenses decreased by $13,607 or 15.3% to $75,504 in fiscal 2024; Service expenses decreased by $15,297, or 78.3%, from $19,529 in fiscal 2023 to $4,232 in fiscal 2024.

General and administrative expenses

General and administrative expenses remained relatively stable at $4.3 million for Fiscal Year 2024, a slight decrease of 8.3% from $4.7 million for Fiscal Year 2023. The decrease was primarily attributed to (1) the decrease of the share-based compensation expense of $880,851; (2) the decrease of depreciation and amortization expenses of $257,460, or 76.3%, mainly due to the disposal of Property, plant and equipment, including production lines and buildings of Tianjin Dilang and Tianjin Jiahao and E-bicycle charging piles; (3) the decrease of the professional service fees of $191,352, which was mainly due to the decrease of the investment consultancy fee. The decrease was partially offset by (1) the increase of credit losses expense on accounts receivable of $837,863, or 168.4%, mainly due to the difficulties in collecting accounts receivable from individual dealers of e-bicycles who was facing fierce competition from the industry-leading enterprises, and (2) the liquidated damages expense of $138,806 due to the early termination of a procurement contract.

Research and development expenses

Research and development expenses was $0.9 million for Fiscal Year 2024, an increase of 37.0% from $0.7 million for Fiscal Year 2023. The increase was primarily attributed to (1) the increased expenses in research and development activities for engineering vehicle wireless measurement and control system and construction worker safety positioning system of $84,735; (2) the increased depreciation and amortization expenses of $191,676 due to the patents and software acquired in May 2023, which were partially offset by the decreased expenses of $28,084 in research and development activities due to the disposal of Tianjin Dilang.

Income tax expense/benefit

EZGO incurred an income tax benefit of $786,369 for Fiscal Year 2024. This was a result from the increased deferred tax assets of $681,785, mainly due to the recurring net loss in fiscal 2024.

Net loss

Net loss was $8.1 million for Fiscal Year 2024, compared to $7.3 million for Fiscal Year 2023.

Financial Condition

As of September 30, 2024, the Company had cash and cash equivalents of $3.5 million, and a fixed deposit receipt of $1.5million with a maturity date of December 21, 2024 compared to $17.3 million as of September 30, 2023.

For additional information, please see EZGO’s Annual Report on Form 20-F for the fiscal year ended September 30, 2024, which was filed with the U.S. Securities and Exchange Commission on January 17, 2025.

About EZGO Technologies Ltd.

Leveraging an Internet of Things (IoT) product and service platform and two e-bicycle brands, “EZGO” and “Cenbird,” EZGO has established a business model centered on the design, manufacturing and sale of two-and three-wheeled electric vehicles, intelligent robots, complemented by electric vehicle accessories including batteries, charging piles and electronic control system. For additional information, please visit EZGO’s website at www.ezgotech.com.cn. Investors can visit the “Investor Relations” section of EZGO’s website at www.ezgotech.com.cn/Investor.

Exchange Rate

This announcement contains translations of certain Chinese Renminbi (“RMB”) amounts into U.S. dollars (“US$”) at specified rates solely for the convenience of the readers. Unless otherwise stated, all translations from RMB to US$ were made at the rate of RMB7.0176 to US$1.00, the exchange rate in effect as of September 30, 2024, the middle price of RMB exchange rate announced by the People’s Bank of China. The Company makes no representation that the RMB or US$ amounts referred could be converted into US$ or RMB, as the case may be, at any particular rate or at all.

Safe Harbor Statement

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate,” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company’s goals and strategies; the Company’s future business development; product and service demand and acceptance; changes in technology; economic conditions; the growth of the short-distance transportation solutions market in China and the other international markets the Company plans to serve; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in China and the international markets the Company plans to serve and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the Securities and Exchange Commission (the “SEC”), including the Company’s most recently filed Annual Report on Form 20-F and its subsequent filings. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

Investor Relations Contact

At the Company:
Shawn Wen
Phone: +86 13502829216
Email: ir@ez-go.com.cn

LONG AN INTERNATIONAL PORT JOINS 12TH PORTECH ASIA SUMMIT 2025 IN MALAYSIA

Long An International Port made its inaugural appearance at the 12th PorTech Asia Summit 2025 and left a strong impression by showcasing its vision for green and smart port development.

KUALA LUMPUR, Malaysia, Jan. 17, 2025 /PRNewswire/ — The PorTech Asia Summit has been held annually since 2005, attracting top global experts in the port and maritime industry. In 2025, the 12th PorTech Asia Summit took place in Kuala Lumpur, Malaysia on January 9-10, with the theme “Smart Green, Multi-Win.” This event gathered 300 industry experts, port authorities, associations, and leading enterprises, contributing to a vibrant forum on developing smart and sustainable ports and promoting regional cooperation.

Mr. Vo Quoc Huy, Chairman of the Board of Directors of Long An International Port, discussing with regional experts and partners.
Mr. Vo Quoc Huy, Chairman of the Board of Directors of Long An International Port, discussing with regional experts and partners.

During the event, Mr. Vo Quoc Huy, Chairman of the Board of Directors of Long An International Port, shared insights on the sidelines of the conference, earning commendation from international experts. He emphasized, “Green transformation represents a comprehensive revolution in the production and operation process. In line with new regulations set to take effect in 2030, Long An International Port is committed to restructuring its entire value chain to minimize environmental impact and fulfill Vietnam’s global commitments. Particularly for Long An International Port, we focus on the main objectives of raising awareness among employees, efficient use of resources, environmental quality management, prioritizing the use of green energy, promoting the application of information technology, and minimizing the impact on climate change.”

Long An International Port distinguishes itself as a leading seaport in Vietnam by employing world-class bulk and general cargo handling systems such as CATOS and MOST. By integrating state-of-the-art equipment and advanced technologies into its operational framework, the port has significantly enhanced its efficiency. This strategic optimization enables Long An International Port to swiftly and flexibly address the diverse requirements of its customers, solidifying its position as a pivotal player in the industry.

As a featured speaker during the conference, a representative from Long An International Port shared a presentation on “Initiatives for the Economic Development and Green Logistics in Vietnam’s Southern Key Economic Region.” The presentation left a strong impression as the international audience was introduced to a versatile, modern seaport committed to sustainable development, garnering significant interest from regional partners. The presentation highlighted comprehensive port solutions, showcasing the application of technology in port management and operations. The port’s openness to networking, knowledge sharing, and experience exchange paves the way for new cooperation opportunities, contributing to the sustainable development of the region and Vietnam’s logistics sector.

Long An International Port’s participation at the 12th PorTech Asia Summit 2025 serves as a platform to showcase Long An Province and Vietnam as a dynamic, modern, and integrated location to the international community, with strong focus on sustainable development.

Media Contacts:

ROSE CASTILLO YAP (Ms)

HEAD OF PORT COMMUNICATIONS & MARKETING

Long An International Port

Telephone: +84 272 374 1515

Mobile: +84 76 351 6656

Email: roseyap@longanport.com

 

7-Part Documentary Series “Perfect Sweat” Now Available On Demand

SEATTLE, Jan. 18, 2025 /PRNewswire/ — Perfect Sweat, a seven-part docuseries exploring the rebirth of ancient sweat bathing traditions around the world, is now available on demand.

The hit series that has sparked a revival in bathing and wellness culture across the globe follows sweat bathing guru and author Mikkel Aaland as he retraces his steps from his 70s classic, Sweat, to discover the resurgence of these ancient rituals. From Finland to Burning Man — sauna rafts, mobile saunas, and cold plunges, to Aufguss performances in large group saunas — Aaland joins local guides in eight countries, exploring diverse cultures and traditions, showcasing the profound impact of community sweat bathing on the human spirit.

My vision is to see bathhouses on every corner instead of a bar, or a Starbucks,” says Aaland in an interview at the Bathhouse – Banya London.

Perfect Sweat features a diverse cast of local guides and hosts, including sauna master Miki Tokairin and actor/dancer Sho Ikushima of Japan and sauna expert Lasse Eriksen of Norway. The series episode, Burning Man is directed by Emmy Award-nominated and Grammy award-winning filmmaker Doug Pray and other talented directors from around the globe.

The series premiered on June 8th, 2024 – Global Wellness Day and National Sauna Day to a global audience, with viewers tuning in from over 50 countries and has aired on broadcast networks in Finland, Greece, the Czech Republic, and Romania.

About the Seven Episodes:

  • Finland: In Finland, saunas are everywhere, and no steam is left unexplored with guide Samuel Aarnio. Mikkel and Samuel island hop by boat, visit old friends for a traditional smoke sauna, and test their limits in 60+ saunas at the Mobile Sauna Festival in Teuva. (Directed by Mika Hotakainen)
  • Aufguss: Experience the art of Aufguss, where sauna meets performance. Mikkel dives into the competitive world of Aufguss with Christine Rose, witnessing elaborate rituals, mesmerizing music, and the power of aromatherapy. (Directed by Wolfgang Ettlich)
  • Russia: Journey through Russia with Anna Artemieva, exploring the social and spiritual heart of the banya. From traditional village banyas to modern urban bathhouses, Mikkel uncovers the deep-rooted traditions and camaraderie of this communal steam bath. (Directed by Sasha Kulak and Alina Rudnitskaya)
  • Japan: Immerse yourself in the serene world of Japanese bathing culture with hosts Sho Ikushima and Miki Tokairin. Mikkel explores ancient onsen and sento rituals, from steaming volcanic hot springs to traditional public bathhouses, where cleansing and relaxation intertwine with nature. (Directed by Kaoru Ima and Michiko Zentoh)
  • Turkey: Step into the opulent world of the Turkish hammam with Elizabet Kurumlu. Mikkel experiences the elaborate cleansing and rejuvenation rituals of this ancient tradition, visiting historical bathhouses and uncovering the secrets of this luxurious bathing culture. (Directed by Tuba Guvelioglu)
  • Norway: Embrace the revitalizing power of the Norwegian sauna with Lasse Eriksen. Mikkel explores the connection between sauna and the outdoors, from breathtaking fjord-side saunas to traditional farm saunas, discovering the health benefits and social customs of this invigorating practice. (Directed by Robin Hansen-Tangen)
  • Burning Man: Explore the unique sweat lodge culture of Burning Man with Zack Robertson and Teresa Yung. As a first-time “burner,” Mikkel discovers a vibrant sweat bathing community where self-expression and communal healing converge in the Nevada desert. (Directed by Doug Pray)

Perfect Sweat is available to stream now on Amazon Prime Video, Apple TV, Google Play, and YouTube in the English-Speaking territories of the US, UK, Canada, and Australia, and with bonus content worldwide through the film festival interface, Eventive.

Website: https://www.perfectsweatseries.com/

Social Media:

About Bray’s Run Productions: Bray’s Run Productions is an award-winning, Seattle-based independent film production company that specializes in exploring culture, history, and travel through the prism of charismatic people across the globe. We open doors into aspects of culture that traditional media has overlooked. 

Video – https://www.youtube.com/watch?v=DEW0uj6wmaI
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