29.8 C
Vientiane
Sunday, August 17, 2025
spot_img
Home Blog Page 1124

Through the Lens: Global Photographers Reveal Guizhou’s Complex Beauty

GUIYANG, China, Feb. 24, 2025 /PRNewswire/ — Guizhou is the top-ranked province in terms of the number of UNESCO World Natural Heritage sites in China. Its breathtaking landscape, shaped by the forces of nature, draw visitors from around the world to discover its beauty. Beyond its natural wonders, Guizhou’s rich cultural and tourism resources always impress everyone who has come to visit.


Through the Lens: Global Photographers Reveal Guizhou’s Complex Beauty

The original short video series Be My Guest • Focus Guizhou, produced by Guizhou TV, is a documentary about the real life of local people from the perspectives of international photographers who come to explore Guizhou. Their cameras capture the true experiences and the vibrant culture of Guizhou.

In this episode, the photographer Alice Griffs takes an immersive experience of ancient Miao songs passed down through generations and the intricate craftsmanship of Miao split-thread embroidery in which every stitch reflects the dedication of the artisans. Vlogger Nalada Sungkitboon has a pleasant stay in a smart hotel in Guizhou. The photographer Dan Sandoval strolls through the ancient Tunpu architecture in Anshun, marvelling at the ingenuity of its ancient builders. Meanwhile, Ole Eidskrem and his international trio enjoy Guizhou delicacies by the Red Maple Lake before embarking on a journey to explore Guizhou’s renowned bridges. Finally, Ivan Mendelevich ventures to Fanjing Mountain, a national nature reserve and biodiversity paradise, to learn about the protection of endangered Chinese dove tree and other rare native species.

These international photographers have discovered a unique facet of Guizhou during their respective journeys, amazed at the stunning landscape and finding new inspiration through their interactions with local people. With its rich and vibrant diversity, Guizhou welcomes old and new friends from all over the world and will become an unforgettable and pleasant part of their memories.

YouTube Link: https://www.youtube.com/watch?v=uJ-RzYepSZk

Hikvision awarded EcoVadis Silver Medal for ongoing sustainability efforts

HANGZHOU, China, Feb. 24, 2025 /PRNewswire/ — Hikvision has been awarded EcoVadis Silver Medal, a prestigious recognition from the world-renowned sustainability rating platform. This award highlights the company’s ongoing commitment to responsible business practices and its significant contributions toward advancing a more sustainable future, guided by its philosophy of “Tech for A Better World.”

Hikvision awarded EcoVadis Silver Medal for ongoing sustainability efforts
Hikvision awarded EcoVadis Silver Medal for ongoing sustainability efforts

Receiving the EcoVadis Silver Medal marks a key milestone in Hikvision’s sustainability journey globally. EcoVadis, the world’s largest and most trusted provider of corporate sustainability ratings, assesses companies across four critical areas: Environment, Labor and Human Rights, Ethics, and Sustainable Procurement. This comprehensive evaluation measures the sustainability practices of over 150,000 companies in more than 185 countries, taking into account their policies, actions, and results.

“We are extremely proud that, after more than 20 years of dedication, we have not only achieved sustainable growth for our company but also made a meaningful contribution to advancing global sustainable development,” said Huang Fanghong, Senior Vice-President and Chief Compliance Officer of Hikvision, “The recognition from EcoVadis is a testament to the progress we have made through ongoing efforts and strong partnerships across the value chain and industry. It highlights our progress toward stronger governance, more effective practices, and impactful sustainability performance worldwide. We are committed to consistently continuing this journey, striving to achieve our mission of becoming a responsible corporate citizen.”

Innovating for a Greener Future

As an industry leader, Hikvision harnesses innovation to drive the transition toward a greener future, contributing to the effort to combat climate change while addressing the growing demand for environmentally responsible development. In October 2024, Hikvision became the first in the LED display industry to receive the Green Product Mark certification from TÜV Rheinland. This certification underscores the company’s adherence to the highest environmental standards, covering areas such as technical compliance, restricted substances control, carbon footprint reduction, and recyclability.

Advancing Social Responsibility in Business

In the areas of human rights and business ethics, Hikvision and all its employees strictly follow the company’s Code of Ethics and Business Conduct and Global Human Rights Policy. These policies ensure that every individual is treated with dignity and respect, while also fostering an ethical business environment that promotes integrity, accountability, and transparency. In addition, Hikvision extends its commitment beyond the company by actively engaging in social initiatives. Since 2020, Hikvision has implemented the STAR Program for Social Good globally by collaborating with more than 30 NGOs worldwide, leveraging its technology to drive positive changes for the local environment, wildlife and community.

Collaborating with Partners for a Resilient Value Chain

Hikvision strongly values collective efforts in advancing sustainability, as reflected in its comprehensive requirements and evaluations of suppliers’ sustainability performance to meet high environmental and ethical standards. Hikvision also utilizes its innovative technologies to foster a more resilient value chain by supporting the sustainable growth of both upstream and downstream partners, creating long-term value across various industries.

This latest achievement reinforces Hikvision’s continued commitment to advancing sustainability and further underscores the company’s dedication to the Ten Principles of the United Nations Global Compact (UNGC), following its participation in 2024. Moving forward, Hikvision will remain focused on creating a lasting positive impact while driving a more innovative and sustainable future.

About Hikvision

Founded in 2001, Hikvision focuses on integrated security and scenario-based digitalization, and is committed to serving various industries with AIoT technologies. We are committed to integrating corporate social responsibility and sustainability development philosophy into our business, while also being driven by technological innovation.

For more information about our sustainability efforts, please visit here.

HKBU receives resounding support from Nobel Laureate and field experts in new medical school proposal and the establishment of translational medical research institute

HONG KONG, Feb. 24, 2025 /PRNewswire/ — The Preparatory Committee and Expert Advisory Committee for the New Medical School set up by Hong Kong Baptist University (HKBU) held a meeting yesterday (23 February), during which progress of the preparation of the University’s new medical school proposal was discussed and unanimously supported by all the committee members. With the backing of 2020 Nobel Laureate Sir Michael Houghton and drug development expert Dr Robert J Spiegel, HKBU will establish a translational medical research institute poised to fuel future medical innovation and technology translation.

At the meeting on 23 February, members of the Preparatory Committee and Expert Advisory Committee for the New Medical School express unanimous support for HKBU’s new medical school proposal.
At the meeting on 23 February, members of the Preparatory Committee and Expert Advisory Committee for the New Medical School express unanimous support for HKBU’s new medical school proposal.

Led by Professor Alex Wai, President and Vice-Chancellor of HKBU and Convener of the Preparatory Committee, Co-chairmen Professor Manson Fok and Professor Lee Sum Ping (via online) attended the meeting. Members of the Committees including Professor Lai Ching Lung, Professor Johnson Lau, Sir Michael Houghton, Dr Robert J Spiegel, Professor Xiao Hai-peng (represented by Professor Kuang Ming, Dean of Zhongshan School of Medicine, Sun Yat-sen University via online), Professor Felix Chan Hon-wai, Dr Samuel Kwok Po-yin, Dr Luk Che-chung, Mr Albert Wong Kwai-huen, Professor Zhang Kang (via online), and Ms Leng Weiqing (represented by Mr Yang Qiuhua, Chairman and Executive Director of Shanghai Pharmaceuticals Holding Co., Ltd) also attended the meeting.

The meeting was also joined by HKBU’s senior management members, including Professor Aiping Lyu, Vice-President (Research and Development) cum Dean of Graduate School and Acting Dean of School of Chinese Medicine; Dr Albert Chau, Vice-President (Teaching and Learning); Ms Christine Chow, Vice-President (Administration) and Secretary; and Professor Terence Lau, Interim Chief Innovation Officer.

Professor Manson Fok and Professor Lee Sum Ping regarded yesterday’s meeting as very fruitful with members expressing unanimous support for the proposal. The Co-Chairmen stated, “We were all extremely encouraged and excited by the current progress made. Our engagement of field experts, innovative curriculum design, and partnerships which yield substantial clinical resources form the core of our proposal, and the team is proceeding with full momentum to bring on board more resources prior to the proposal submission. We are also very grateful for the presence of Sir Michael Houghton and Dr Robert J Spiegel here in Hong Kong, which is a strong testament to their commitment and tremendous support to HKBU.”

Sir Michael Houghton and Dr Robert J Spiegel also expressed full support for the proposal. They said, “HKBU’s ability to engage local and global pioneers, who are also seasoned executives in the medical education sector and the medical field, is of utmost relevance for the success of a new medical school. The innovative curriculum, designed to foster transdisciplinary research and an ‘East meets West’ approach in medical education, ensures a holistic and comprehensive learning experience for future medical professionals, addressing public health challenges. We are particularly impressed with HKBU’s visionary approach and determination throughout the preparation process and offer our full endorsement in the proposal, as well as our intention to explore future collaborations which will lead to a wider impact.” 

In addition, HKBU is excited to announce the establishment of the “Frontier Translational Medical Research Institute,” to be co-led by Sir Michael, Professor Johnson Lau, Professor Manson Fok as founding members. Dr. Robert Spiegel will also join as a member of the Institute. Professor Alex Wai commented, “This institute will serve as a hub for cutting-edge research and development in medical science and healthcare, focusing on medical devices, diagnostics, vaccines, integrative medicine, Chinese medicine, and other biomedical sciences, and the translation of these technologies. It will become a powerhouse of medical innovations and prepare the global community of tomorrow’s health challenges such as various communicable and non-communicable diseases, ageing population, and pandemic preparedness, all of which will synergise with the new medical school’s vision.”

The “Nobel Laureate Symposium – Hepatitis C Virus and Drug Development” was also held today (24 February), which Sir Michael, Professor Johnson Lau, and Dr Spiegel shared their experience in drug development. Professor Manson Fok and Prof Johnson Lau jointly moderated a panel with the two experts to discuss their vision in biomedical research and drug development.

The vision for the new medical school is to integrate Greater Bay Area health horizons. Through innovative education, transdisciplinary research, and fostering cohesiveness in Eastern and Western medical practices, HKBU looks forward to leading this transformative journey and contributing to the future of medical education and healthcare in Hong Kong, the Greater Bay Area, and beyond.

Complete Genomics unveils DNBSEQ-T1+ and DNBSEQ-E25 Flash at AGBT 2025 General Meeting

MARCO ISLAND, Fla., Feb. 24, 2025 /PRNewswire/ — Complete Genomics, a leading innovator in genomic sequencing, today unveiled its latest high-performance sequencing solutions at the 2025 Advances in Genome Biology and Technology (AGBT) General Meeting. The newly introduced DNBSEQ-T1+* and DNBSEQ-E25 Flash* are designed to deliver speed, flexibility, and efficiency, empowering researchers with faster, high-quality genomic data.

DNBSEQ-T1+: Mid-Throughput Sequencing with Industry-Leading Speed

The DNBSEQ-T1+ is a next-generation mid-throughput sequencer that completes a paired end 150 sequencing workflow in just 24 hours with Q40 accuracy. With three flow cell formats, two to four addressable lanes on each flow cell, along with dual independent flow cell operation, the DNBSEQ-T1+ provides increased data output with reduced turnaround time which enables increased lab efficiency and flexibility. With a throughput range of 25–1,200 Gb, a maximum capacity exceeding 1 Tb daily, DNBSEQ-T1+ allows laboratories to reduce the time to result that is important in a range of laboratory settings. The DNBSEQ-T1+ integrated auto-DNB making and loading capabilities enables a straightforward, user-friendly workflow. This design offers the flexibility to process multiple samples independently without requiring barcodes, leverage independent flow cell lanes and start the sequencing workflow in less than ten minutes with minimal hands-on time.

“The DNBSEQ-T1+ brings a new level of efficiency, output and cost to mid-throughput sequencing, offering output and pricing typical of previous higher output systems while providing laboratories the speed and flexibility needed for a wide range of genomic applications – such as Whole Genome Sequencing, Single Cell, Spatial, Oncology, Rare Disease and Metagenomics – all within a streamlined, user-friendly workflow,” said Rob Tarbox, VP of Product and Marketing at Complete Genomics.

The newly launched DNBSEQ-T1+ mid-throughput sequencer joins the established DNBSEQ-T7 high-throughput, DNBSEQ-G99 and DNBSEQ-E25 low-throughput platforms in achieving sub-24-hour sequencing run times for PE150 read lengths. The 24-hour sequencing framework across the sequencing portfolio enables laboratories to maximize their output while retaining flexibility and control across various laboratory settings.

In addition, the DNBSEQ-T1+ has optimized the internal design of the instrument, significantly reducing the number of reagents required for sequencing. Additionally, coupled with high-density flow cells, DNBSEQ-T1+ has reduced the cost per Gb. This allows laboratories, even small or mid-sized, to achieve the cost per Gb of a production-scale sequencer when using this benchtop sequencer. DNBSEQ-T1+ is currently available for pre-order globally.

DNBSEQ-E25 Flash: AI-Enhanced Sequencing in Under Two Hours

The DNBSEQ-E25 Flash is an upgraded instrument from its existing portable DNBSEQ-E25 sequencer. It redefines portable sequencing with AI-driven enhancements. Building on self-luminescence technology and a CMOS-based flow cell, this next-generation sequencer leverages AI-optimized protein engineering for enhanced signal intensity and precision.

An AI-powered base calling system deployed on an edge device powered by the NVIDIA Jetson platform accelerates sequencing to new speeds. A single-substrate injection eliminates the need for traditional dual-luciferase systems, reducing cycle times to just one minute and enabling SE50 sequencing in under two hours.

Complete Genomics at AGBT 2025

Complete Genomics will host a variety of activities at AGBT 2025 to celebrate its introduction of two new products, including live instrument demos, morning presentations in Suite Osprey 6, and a Bronze 4 workshop talk. Attendees can explore the power of DNBSEQ-T1+ and DNBSEQ-E25 Flash for applications including clinical WGS, WES, single-cell sequencing, spatial transcriptomics, and infectious disease.

Leveraging NVIDIA Parabricks, rapid analysis benchmarking can be performed on data from DNBSEQ-T1+, DNBSEQ-T7, and DNBSEQ-G400 using GPU acceleration.

Jason Fenwick from NVIDIA will present on benchmarking Parabricks workflows on DNBSEQ platforms and discuss the utilization of NVIDIA’s RAPIDS libraries and the Rapids-singlecell library from scverse in STOmics spatial transcriptomics analysis.

Bronze 4 Workshop: Advancing Genomics Discoveries with DNBSEQ-T1+

Location: Calusa Ballroom 1-7

Date: Feb. 25 | 3:20 – 3:35 p.m.
Speaker: Piotr Mieczkowski, Ph.D., Professor, UNC Chapel Hill

For the full AGBT 2025 schedule, visit www.completegenomics.com/agbt2025

About Complete Genomics

Complete Genomics has been a leader in high-throughput, cost-effective sequencing technology since 2005. With more than 9,400 publications, its innovative sequencing solutions continue to advance genomic research worldwide.

* For Research Use Only. Not for use in diagnostic procedures.

Seeing Machines names Mitsubishi Electric Automotive America as a referral partner to drive accelerated sales of Guardian Generation 3 in The Americas

CANBERRA, Australia, Feb. 24, 2025 /PRNewswire/ — Seeing Machines Limited (AIM: SEE), the advanced computer vision technology company that designs AI-powered operator monitoring systems to improve transport safety, announces that Mitsubishi Electric Automotive America, Inc. (“MEAA”) has signed a Referral Agreement (“Agreement”) with the Company that will allow Seeing Machines to leverage MEAA’s significant Aftermarket distribution network and customer base across The Americas. Following Mitsubishi Electric Mobility Corporations’s (“MELMB”) recent strategic investment into Seeing Machines, this Agreement will help to accelerate sales of the Company’s Guardian Generation 3 AI-powered driver monitoring solution, the latest generation of driver safety technology recently launched globally.

Seeing Machines and MEAA sign Referral Agreement
Seeing Machines and MEAA sign Referral Agreement

MEAA, a US affilitate company of MELMB, is a recognised leader in the  manufacture, marketing and sales of electrical and electronic equipment targeting a range of industries including transport. With an enviable customer base and expertise across the commercial vehicles segment, MEAA is extremely well positioned to support Seeing Machines as it penetrates the large  telematics and connected vehicle market in The Americas with its industry leading driver safety solution, Guardian Generation 3.

The Referral Agreement will facilitate the joint pursuit of business where MEAA has existing commercial relationships across its transport and logistics segment in the region. With access to operators covering over 1,000,000 individual vehicles, the opportunity is significant and MEAA has already seen strong initial interest in the potential of Guardian Generation 3 to enhance safety across these fleets.

In the immediate term, Seeing Machines will leverage its US based sales force to support MEAA’s efforts across The Americas and, as opportunities progress,  will be provided qualified leads that they will finalise directly. Leveraging MEAA’s deep relationships across the segment, this highly complementary collaboration aims to signfiicantly reduce the traditionally long sales lead times associated with the sale of a highly technical product such as Guardian.

Masahiro Kaji, President & CEO of Mitsubishi Electric Automotive America, Inc., commented: “MEAA has supplied our solutions to commercial vehicles across The Americas for over 20 years. We are excited to leverage our large customer base to accelerate installations of Guardian Generation 3 and we believe ultimately protect more drivers from the risks associated with distraction and drowsiness. I am delighted to see MEAA play such an integral role in the collaboration between Seeing Machines and Mitsubishi Electric Mobility Corporation and on a personal note, I am proud to be working on this project with my team. We are very motiviated to succeed and make a meaningful impact on our communities as we beleive the more Guardian units we sell, the safer our roads will be for everyone.”

Paul McGlone, CEO of Seeing Machines, added: “Further to the recent collaboration with Mitsubishi Electric Mobility Corporation, we have commenced work to rapidly develop and expand our respective businesses. While there is a strong focus on Automotive in Japan, the Aftermarket opportunity that we are pursuing together with Mitsubishi Electric Automotive America, Inc., is immediate, material and strategic for our business. The Americas present an incredibly large and important market for driver safety technology and having intimate customer insights and existing relationships to leverage will be critical to the successful positioning and acceptance of our class-leading Guardian solution.”  

About Seeing Machines (AIM: SEE), a global company founded in 2000 and headquartered in Australia, is an industry leader in vision-based monitoring technology that enable machines to see, understand and assist people. Seeing Machines’ technology portfolio of AI algorithms, embedded processing and optics, power products that need to deliver reliable real-time understanding of vehicle operators. The technology spans the critical measurement of where a driver is looking, through to classification of their cognitive state as it applies to accident risk. Reliable “driver state” measurement is the end-goal of Driver Monitoring Systems (DMS) technology. Seeing Machines develops DMS technology to drive safety for Automotive, Commercial Fleet, Off-road and Aviation. The company has offices in Australia, USA, Europe and Asia, and supplies technology solutions and services to industry leaders in each market vertical. www.seeingmachines.com

ZTE again makes prestigious CDP A List for leading climate action, reinforcing global climate leadership

SHENZHEN, China, Feb. 24, 2025 /PRNewswire/ — ZTE Corporation (0763.HK / 000063.SZ), a global leading provider of integrated information and communication technology solutions, has once again been recognized with the prestigious CDP A score for leading climate action in CDP’s 2024 disclosures. The company achieved A score across multiple categories, including Scope 1, 2, and 3 emissions, emissions reduction initiatives, low-carbon products, environmental policies, and the disclosure of risks and opportunities. This accomplishment underscores ZTE’s unwavering commitment to environmental transparency, sustainable practices, and its core competitiveness in green development.

ZTE again makes prestigious CDP A List for leading climate action, reinforcing global climate leadership
ZTE again makes prestigious CDP A List for leading climate action, reinforcing global climate leadership

CDP is a global non-profit that runs the world’s environmental disclosure system for companies, cities, states and regions. CDP holds the largest environmental database in the world, and CDP scores are widely used to drive investment and procurement decisions. In 2024, over 24,800 companies, representing two thirds of global market capitalization reported through CDP on climate change, forests and water security. Companies featured on the climate A List are recognized as key players in mitigating climate change through formulating robust strategy and taking bold actions.

As a Driver of Digital Economy, ZTE leverages core digital technologies such as 5G, big data, cloud computing, and AI to pave a green digital pathway and contribute to the global economic transition towards decarbonization.

ZTE again makes prestigious CDP A List for leading climate action, reinforcing global climate leadership
ZTE again makes prestigious CDP A List for leading climate action, reinforcing global climate leadership

For Green Operation, ZTE has developed green smart campuses to achieve low-carbon development through eco-friendly office practices, research and development, and green manufacturing. In 2024, the company implemented several energy-saving and emission-reduction initiatives, resulting in an absolute electricity savings of 45 million kWh and an 13.4% year-over-year reduction in Scope 1 & 2 carbon emissions. Additionally, ZTE’s photovoltaic systems generated 30 million kWh of electricity annually. Its self-developed ”Carbon Visibility App” covers 83% of major carbon emission categories and data.

For Green Supply Chain, ZTE, utilizing the SMART Model, provides systematic carbon reduction guidance across five dimensions: Strategy, Management, Accounting, Reduction, and Transmission. In 2024, the company guided 100 suppliers in completing organizational-level carbon audits and assisted 10 suppliers in setting carbon reduction targets and measures. Furthermore, ZTE collaborated with over 160 environmental service providers worldwide to establish a global green recycling network.

For Green Digital Infrastructure, ZTE’s end-to-end green solutions have been deployed across more than 30 networks worldwide, covering over 1.5 million sites and 250,000 data center cabinets, helping global operators save over 10 billion kWh of electricity annually. In 2024, the company’s system products achieved an 8.39% reduction in physical intensity during the use and maintenance phase, while terminal products recorded a 5.02% year-over-year decrease in absolute emissions across their full lifecycle. As of 2024, ZTE has conducted carbon footprint assessments for 154 products, encompassing all product categories.

For Green Empowerment, ZTE leverages its ”Digital Nebula” architecture and precision green cloud-network solutions to drive sustainable transformation. Collaborating with over 2,000 industry partners, the company has implemented innovative 5G+ green practices across 15 key sectors, including steel, electronics manufacturing, transportation, and energy. These efforts have led to the creation of more than 100 innovative application scenarios, accelerating digital transformation, energy efficiency, and emission reduction across industries.

With its continued leadership in green development, ZTE’s near-and long-term targets under the SBTi net-zero criteria were officially in April 2024. This makes ZTE the first large-scale ICT tech company in China to receive dual approvals from SBTi while also securing a place on the CDP A List for climate leadership for two consecutive years.

Notably, ZTE has been awarded the EcoVadis Gold Medal for excellence in sustainability, ranking among the top 4% of companies globally and the top 2% within the manufacture of communication equipment industry. Furthermore, ZTE has been included in the FTSE4Good Index Series for the ninth consecutive year, and selected as a constituent of the Hang Seng Corporate Sustainability Index Series for the 13th year. The company has won two accolades at the 6th BDO ESG Awards 2024: the “Theme Award” and the “Outstanding ESG Performance of H-Share Companies”.

Looking ahead, ZTE remains committed to advancing its green initiatives, joining hands with global partners to build a sustainable and low-carbon industrial ecosystem, and shaping digital innovation for a sustainable future.

MEDIA INQURIES:
ZTE.press.release@zte.com.cn 

XCMG Starts 2025 in Full Speed: Delivers Cutting-Edge Machinery to Global Customers

XUZHOU, China, Feb. 24, 2025 /PRNewswire/ — XCMG Machinery (“XCMG”, SHE:000425), a global leader in construction and mining machinery, has kicked off 2025 with a series of high-profile product deliveries to customers worldwide. Demonstrating its unwavering commitment to innovation, sustainability, and international growth, XCMG has shipped hundreds of state-of-the-art machines, including mining equipment, aerial work platforms, new energy loaders, high-end commercial vehicles, and concrete machinery, to key markets across the globe.

XCMG Starts 2025 in Full Speed: Delivers Cutting-Edge Machinery to Global Customers.
XCMG Starts 2025 in Full Speed: Delivers Cutting-Edge Machinery to Global Customers.

Expanding the Mining Market with Smart, Green Solutions

XCMG shipped a batch of its high-end open-pit mining equipment, valued at 318 million RMB. The shipment includes 90-ton, 135-ton, and 400-ton mining excavators, as well as 130-ton mining trucks, destined for major mining sites such as Fortescue in Australia, the Simandou iron ore project in Africa, and several sites in South America.

Additionally, XCMG delivered its first batch of underground mining machinery for 2025 lately, including advanced models such as XUD135, XUL305A and XUL307. With breakthroughs in remote control and autonomous driving technologies, XCMG’s underground mining equipment has been exported to over 10 countries in South America, Central America, and Southeast Asia, with sales exceeding 1,000 units.

Leading the Charge in New Energy Wheel Loaders

The world’s largest pure electric wheel loader, the XC9108-EV, and the popular XC968-EV, are en route to a mining site in Southeast Asia. The XC9108-EV features a fully self-developed control system for enhanced efficiency, while equipped with dual-series motor drive, reducing energy consumption by 70% and increasing efficiency by over 20%. A 700 kWh lithium iron phosphate battery supports ultra-fast charging, reaching 80% capacity in under one hour, ensuring uninterrupted high-intensity operations.

Aerial Work Platforms: Powering Global Construction Projects

XCMG’s aerial work platforms are set to support construction projects worldwide with hundreds of units delivered to North America and Europe. The flagship XGS40K telescopic boom lift has gained widespread recognition for its exceptional working height, reach, and load capacity, which is ideal for the construction, bridge maintenance, shipyard, petrochemical facilities and leasing industries.

High-End Commercial Vehicles: Redefining Performance and Sustainability

At XCMG’s high-end intelligent commercial vehicle production base, 300 heavy-duty trucks are ready for export to premium overseas markets. This shipment includes a variety of dump trucks and tractors, powered by both traditional fuel and pure electric systems. Designed to meet local emission standards and withstand complex working conditions, these vehicles are renowned for their high performance, reliability, and safety.

Concrete Equipment: Building the Future in the Middle East

XCMG has also shipped a batch of complete sets of concrete machinery, including pump trucks and mixers, to various countries in the Middle East. These machines will play a pivotal role in local municipal infrastructure projects, contributing to the region’s development.

The concrete pump trucks feature intelligent, automated operations and third-generation intelligent boom technology, improving response speed by 30% and enhancing construction efficiency. The mixers utilize advanced drum technology, ensuring superior safety and mixing performance.

WiMi Hologram Cloud Inc. to Hold Extraordinary General Meeting on March 25, 2025

BEIJING, Feb. 24, 2025 /PRNewswire/ — WiMi Hologram Cloud Inc. (Nasdaq: WIMI) (“WiMi” or the “Company”), a leading AR services provider in China, today announced that it will (i) terminate the Deposit Agreement dated March 20, 2020, among the Company, JPMorgan Chase Bank N.A. (the “Depositary”), and the holders of American depositary shares (the “ADSs”) from time to time, effective April 2, 2025, and (ii) hold its extraordinary general meeting of shareholders (the “EGM”) at Room#1508, 4th Building, Zhubang 2000 Business Center, No. 97, Balizhuang Xili, Chaoyang District, Beijing on March 25, 2025 at 9:00 a.m. Beijing Time. The Company’s board of directors has fixed February 24, 2025, as the record date (the “Record Date”) for determining the shareholders entitled to receive notice of the extraordinary general meeting or any adjournment or postponement thereof. Holders of the Company’s Class A ordinary shares (the “Class A ordinary shares”) and Class B ordinary shares (the “Class B ordinary shares”), par value US$0.0001 per share (collective, the “ordinary shares”) of record at the close of business on the Record Date are entitled to attend and vote at the EGM. Holders of American Depositary Shares (the “ADSs”) who wish to exercise their voting rights for the underlying Class B ordinary shares must act through JPMorgan Chase Bank, N.A., the depositary of the Company’s ADS program.

On or about February 24, 2025, the Depositary of the Company’s American depositary receipts (the “ADRs”), will distribute to all holders and beneficial owners of the Company’s ADRs a notification regarding the termination of ADR facility for the Company’s ADSs pursuant to the Deposit Agreement. The effective date of the termination of the Deposit Agreement will be April 2, 2025 (the “Effective Date”). On the Effective Date, holders of ADSs will have their ADSs automatically cancelled and would be entitled to receive the corresponding underlying Deposited Securities (the “Mandatory Exchange”) at a rate of two (2) Class B ordinary shares for each ADS cancelled, subject to further adjustment in accordance with the share consolidation (defined below) described below.

Subject to shareholder approval at the EGM and concurrent to the Mandatory Exchange, a consolidation of the Company’s Shares at a ratio of one (1) consolidated ordinary share for every twenty (20) existing ordinary share (the “share consolidation”).  If the share consolidation is approved, on the Effective Date, former ADS holders should expect to receive one (1) consolidated Class B ordinary share for every ten (10) ADS previously held.  If the share consolidation is not approved or delayed, on the Effective Date, former ADS holders should expect to receive two (2) existing Class B ordinary shares for every one (1) ADS previously held.

At the EGM, shareholders will be asked for vote on the following proposals:

(i)    With effect from 5 P.M. on April 2, 2025, Eastern time, (a) every twenty (20) Class A ordinary shares of a par value of US$0.0001 each in the Company’s issued and unissued share capital be and are hereby consolidated into one (1) Class A ordinary share (each a “consolidated Class A share”) of a par value of US$0.002, and such consolidated Class A shares shall have the same rights and subject to the same restrictions as the Class A ordinary shares as set out in the Company’s currently effective Second Amended and Restated Memorandum and Articles of Association (the “M&A”), (b) every twenty (20) Class B ordinary shares of a par value of US$0.0001 each in the Company’s issued and unissued share capital be and are hereby consolidated into one (1) Class B ordinary share (each a “consolidated Class B share”) of a par value of US$0.002, and such consolidated Class B shares shall have the same rights and subject to the same restrictions as the Class B ordinary shares as set out in the Company’s M&A, and (c) every twenty (20) undesignated shares of a par value of US$0.0001 each in the Company’s unissued share capital be and are hereby consolidated into one (1) share of a par value of US$0.002 (collectively, the “share consolidation”), such that immediately following the share consolidation, the authorized share capital of the Company shall be changed

FROM 

US$50,000 divided into 500,000,000 shares comprising (i) 25,000,000 Class A ordinary shares of a par value of US$0.0001 each; (ii) 275,000,000 Class B ordinary shares of a par value of US$0.0001 each; and (iii) 200,000,000 shares of a par value of US$0.0001 each of such class or classes (however designated) as the board of directors may determine;

TO

US$50,000 divided into 25,000,000 shares comprising (i) 1,250,000 Class A ordinary shares of a par value of US$0.002 each; (ii) 13,750,000 Class B ordinary shares of a par value of US$0.002 each; and (iii) 10,000,000 shares of a par value of US$0.002 each of such class or classes (however designated) as the board of directors may determine, and no fractional shares be issued in connection with the share consolidation and the Company’s transfer agent would aggregate all fractional shares and sell them as soon as practicable after the effective time of the share consolidation at the then-prevailing prices on the open market, on behalf of those shareholders who would otherwise be entitled to receive a fractional share as a result of the share consolidation.

(ii)    Immediately following the share consolidation, the authorized share capital of the Company be increased

FROM US$50,000 divided into 25,000,000 shares comprising (i) 1,250,000 Class A ordinary shares of a par value of US$0.002 each; (ii) 13,750,000 Class B ordinary shares of a par value of US$0.002 each; and (iii) 10,000,000 shares with a par value of US$0.002 each of such class or classes (however designated) as the board of directors may determine.

TO US$1,500,000 divided into 750,000,000 shares comprising (i) 37,500,000 Class A ordinary shares of a par value of US$0.002 each; (ii) 412,500,000 Class B ordinary shares of a par value of US$0.002 each; and (iii) 300,000,000 shares with a par value of US$0.002 each of such class or classes (however designated) as the board of directors may determine.

(the “share capital increase”.)

(iii)    any one or more of Directors of the Company be and is/are hereby authorized to do all such acts and things and execute all such documents, which are ancillary to the share consolidation and share capital increase and of administrative nature, on behalf of the Company, including under seal where applicable, as he/they consider necessary, desirable or expedient to give effect to the foregoing arrangements for the share consolidation and share capital increase; the Company’s registered office provider be instructed to make all necessary filings with the Companies Registry in the Cayman Islands in connection with the share consolidation and share capital increase; and the Company’s share registrar be instructed to update the register of members of the Company and that upon the surrender to the Company of the existing share certificates (if any) that they be cancelled and that any Director be instructed to prepare, sign, seal and deliver on behalf of the Company new share certificates accordingly.

Shareholders and ADS holders may obtain a copy of the Company’s annual report, free of charge, from the Company’s website at http://ir.wimiar.com/ and from the SEC’s website at www.sec.gov, or by contacting WiMi Hologram Cloud Inc., Room#1508, 4th Building, Zhubang 2000 Business Center, No. 97, Balizhuang Xili, Chaoyang District , telephone: +86-10-5338-4913, email: Pr@wimiar.com 

About WIMI Hologram Cloud Inc.

WiMi Hologram Cloud, Inc.(NASDAQ:WIMI), whose commercial operations began in 2015, operates an integrated holographic AR application platform in China and has built a comprehensive and diversified holographic AR content library among all holographic AR solution providers in China. Its extensive portfolio includes 4,654 AR holographic contents. The company has also achieved a speed of image processing that is 80 percent faster than the industry average. While most peer companies may identify and capture 40 to 50 blocks of image data within a specific space unit, WiMi collects 500 to 550 data blocks.

Safe Harbor Statement

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the Company’s annual report on Form 20-F and current report on Form 6-K and other documents filed with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable laws.

For more information, please visit http://ir.wimiar.com/