PALO ALTO, Calif., Jan. 26, 2026 /PRNewswire/ — In December 2025, KnowMade, a globally renowned intellectual property (IP) research firm under Yole Group, released its LiDAR for Automotive Patent Landscape Analysis 2025, recognizing Hesai as a leader in the global lidar industry. In the report, Hesai ranks first among lidar companies in both total patent holdings and overall patent strength, and third globally behind Bosch and Waymo, underscoring the company’s sustained technological innovation and established leadership in the lidar market.

From 2021 to 2025, Hesai has been leading the industry in total patent holdings, building a multi-country, multi-tiered patent network across key technologies, including lidar ASICs, optical systems, signal processing, and functional safety. As of November 2025, the company had accumulated a total of 2,071 granted patents and pending applications, maintaining the highest number lidar-related patents across key automotive and robotics markets worldwide.

Lidar IP Leadership 2021–2025: Hesai Ranks No.1 Among LiDAR Pure Players

Hesai’s Extensive Patent Portfolio Set Global Trends in the Lidar Technology

Since July 2021, Hesai has filed over 920 patent applications, forming 558 patent families, including 400 new invention patents. This portfolio is underpinned by a clear vision built on two pillars. First, the company is establishing a global patent protection network across all major markets, leveraging multiple international mechanisms, including the Patent Cooperation Treaty (PCT), the U.S. patent system, and the European patent framework. Second, the company’s patents cover the entire lidar value chain, from emission (VCSEL) and reception (SPAD/SiPM, APD) to system integration, while securing leading positions in segments such as anti-interference, 1550nm technology, MEMS, metasurfaces, and AI. This leadership is not merely quantitative but reflects a systematic, forward-looking technological approach that provides critical IP support for continuous product iteration and reinforces its competitiveness on a global scale.

Global Leader in Anti-Interference Patents

Driven by a strong focus on safety, anti-interference has become a core pillar of lidar reliability. KnowMade’s report recognizes Hesai as the industry leader in this area, holding 33 anti-interference patent families that ensure dependable performance in complex real-world environments. The company’s proprietary Intelligent Processing Engine (IPE) combines ultra-high-speed sampling at 24.6 billion times per second with intelligent filtering that removes over 99.9% of environmental noise. This significantly enhances perception accuracy under challenging conditions and enables reliable all-weather sensing regardless of lighting.

To further strengthen safety and detection reliability, Hesai has developed Addressable Photon Isolation (API) technology that enables independent control of each laser transmit and receive channel, mitigating blooming and ensuring high-precision point clouds even in challenging weather scenarios such as rain or fog.

Core Components Developed 100% In-House, Leading the Industry with Total SPAD/SiPM Patents

Additionally, Hesai also ranks first globally in patent holdings across three core lidar components: SPAD/SiPM detectors, VCSEL emitters, and APD detectors. In the SPAD/SiPM segment, the company’s patent portfolio is twice as much of the second-ranked company, Bosch, and up to forty times larger than those of other industry peers.

After four generations of ASIC platform development, Hesai is the only lidar company in the world to develop all seven core components in-house, including its laser transmitter, receiver, driver, TIA, ADC, digital signal processor, and controller. Sixteen of Hesai’s in-house developed ASICs have received AEC-Q automotive qualification, with total deliveries reaching 185 million units, ranking no.1 in the lidar industry globally.

Leading the World in Lidar Patent Strength

“Patent strength” reflects a combination of factors, including the number of granted patents, forward citations, geographic coverage, and active patent families. The report names Hesai a world leader not only in patent quantity but also in overall patent strength. The company’s patent portfolio features a strength index of 2,549, an average family strength of 4.57, and a technological impact factor of 0.20, ranking third globally behind Bosch and Waymo.

In 2025, Hesai achieved a landmark year, delivering over 1.6 million lidar units, including 1.4 million lidars for ADAS and over 200,000 units for the robotics market. The company’s cumulative deliveries surpassed 2 million units in November, making Hesai the first lidar company worldwide to reach this achievement.

At CES 2026, Hesai announced plans to double its annual production capacity to 4 million units and the construction of a new factory in Thailand. The company also established a strategic partnership with Nvidia to advance large-scale deployment of L4 autonomous driving, marking a major step forward in the company’s global expansion.

Looking ahead to 2026, Hesai will maintain its focus on the automotive and robotics markets, advancing global smart mobility and embodied intelligence through continuous innovation and reliable large-scale production. As a critical “eye” for AI infrastructure, Hesai is dedicated to making safer, smarter perception capabilities a standard in the era of connected intelligence.

Read the full report here: https://www.knowmade.com/patent-analytics-services/patent-report/semiconductor-patent-landscape/sensing-imaging-patent-landscape/lidar-for-automotive-patent-landscape-analysis-2025/

——Bring the Magic Box Home

SHENZHEN, China, Jan. 26, 2026 /PRNewswire/ — ELEGOO, a rapidly developing brand in global smart manufacturing, today launches Centauri Carbon 2 Combo, which is positioned as a family-friendly multicolor 3D printer aimed at bringing professional printing performance accessible to beginners, hobbyists or professionals at home, helping them to transform creativity into instant reality.

Key Features & Highlights

• 4-Color Printing with CANVAS System

Designed with everyday households in mind, the Centauri Carbon 2 Combo makes multicolor 3D printing truly accessible through ELEGOO’s intelligent CANVAS system. It enables smooth, automatic color switching with instant filament loading, built-in filament backup, and tangle prevention, eliminating the complexity typically associated with multicolor printing. With RFID-based filament detection, CANVAS automatically identifies material types and recommends optimal settings. This allows beginners, hobbyists, and experienced makers alike to print confidently without extensive setup or technical knowledge.

• One-Click Calibration and Smart Monitoring

With automatic calibration and auto-leveling powered by 19 integrated smart sensors in the main body as well as filament detection powered by 12 sensors in the CANVAS system. These built-in sensing and prevention systems reduce manual adjustments and common errors, enabling a smooth, one-click workflow from start to finish—ideal for first-time users and shared household use.

• Quiet, Intuitive, and Home-Friendly Design

Operating at just 45 dB, the printer runs quietly enough for living rooms, home offices, garages, or shared creative spaces without interrupting daily life. A responsive 5-inch capacitive touchscreen with smartphone-like interaction and 11-language support makes it easy for different family members to use the printer for education, creative hobbies, and practical household projects.

• Wide Material Support for Everyday and Advanced Needs

Advanced temperature control, an enclosed chamber with a thermal cover, and an auto-controlled smart grille ensure stable printing across a wide range of materials. A robust cooling system and a 350 °C hardened steel nozzle enable reliable, hassle-free printing of wide range materials—from basic to advanced options like PETG and fiber-reinforced filaments—for applications ranging from everyday practical items to engineering projects.

• Integrated Ecosystem for a Streamlined Workflow

The ELEGOO ecosystem connects model discovery, slicing, and remote control through Nexprint, ELEGOOSlicer, and the MATRIX App, making it easy for families to explore ideas, prepare files, and manage printing from anywhere at home.

Together, these features position the Centauri Carbon 2 Combo as a truly family-friendly multicolor 3D printer, designed to serve diverse users and everyday creative scenarios at home.It represents the shift of a significant step forward in the democratization of 3D printing—bringing 3D printer closer to every household.

Pricing, Specs and Availability

• Pricing and Availability

Centauri Carbon 2 Combo’s retail price is set at $ 449 USD, € 439 EUR, £ 339 GBP, $ 619 CAD, $ 999 AUD and ￥79,999 JPY. Buyers can now place orders at ELEGOO’s official website where available shipping countries include USA, Canada, European Union, Australia and Japan.

• Specifications

For full specs and product details, please visit ELEGOO’s official website.

About ELEGOO

Founded in 2015, ELEGOO is a rapidly developing brand in the global smart manufacturing industry, specializing in R&D, manufacturing, and sales of consumer-grade 3D printers, laser engravers, STEM kits, and other smart technology products. Located in Shenzhen, the Silicon Valley of China, the company has sold millions of products across more than 100 countries and regions. In 2025, the company’s total sales revenue surpassed 300 million USD, with more than 1000 employees and over 40,000 square meters of office and manufacturing area. With a focus on programming and 3D printing technology, ELEGOO provides unique and smart creation spaces for diverse consumers to enhance personalized experiences.

For more information, please visit ELEGOO and social media platforms: Facebook, Instagram, X, YouTube, TikTok, Discord and Reddit.

Introducing a Technology Ecosystem Vision for Joint AR Glasses Development

TOKYO, Jan. 26, 2026 /PRNewswire/ — Cellid Inc., a developer of displays and spatial recognition engines for next-generation AR glasses, today announced that it will showcase a concept for next-generation smart glasses in collaboration with Taiwanese eyewear manufacturer Best Vision and Merry Electronics, a developer and manufacturer of audio and headphone technologies, at MIDO 2026, the world’s largest eyewear exhibition, held in Milan, Italy from January 31 to February 2, 2026.

Background and Purpose of the Collaboration

In recent years, the smart glasses market has increasingly demanded new user experiences that combine not only visual information but also auditory assistance, AI-powered information processing, and display capabilities. Best Vision has extensive experience in designing, manufacturing, and selling eyewear over many years. Merry excels in audio and AI technologies cultivated in the hearing aid and acoustic device fields. Cellid, a startup developing high-performance, thin waveguide optical modules for AR glasses, has contributed to the evolution of next-generation smart glasses from a display technology perspective.

This joint exhibition at MIDO 2026 aims to integrate the strengths of all three companies and explore and communicate the potential for collaboration, including the joint development of smart glasses incorporating each company’s products and solutions.

 Roles of Each Company

• Cellid: Ultra-thin, high-brightness waveguide (AR glasses lens) technology and AR glasses development and manufacturing
• Merry Electronics: Responsible for smart glasses development and AI audio solutions, driving Optical Design Manufacturer (ODM) initiatives for AI hearing smart glasses and AR/sensing development
• Best Vision: Leading the eyewear market and product definition, promoting ODM for optical and non-electronic components, and building AR and distribution infrastructure

MIDO 2026 Exhibition Overview

At MIDO 2026, Best Vision will exhibit one of the latest reference models as well as the latest waveguide at its booth, offering hands-on experience simulating practical scenarios such as AI assistants and AR navigation.

Dates: Saturday, January 31, 2026 – Monday, February 2, 2026
Location: Strada Statale del Sempione, 28 20017 Rho – Milano Pavilions 7, B28

The three companies plan to progressively advance project discussions toward developing AR glasses that integrate voice and display technologies, starting with the concept exhibition at MIDO 2026. While this exhibition demonstrates collaborative vision and technical direction, the ultimate goal is to realize the development and manufacturing of next-generation smart glasses through the three companies’ collaboration.

Cellid will continue to create solutions that expand people’s visual experiences through the evolution of AR display technology.

###

About Cellid
Cellid specializes in developing advanced AR glass display modules, focusing on waveguides and spatial recognition engines for next-generation devices. Leveraging unique optical simulation and proprietary production technologies, Cellid has developed display modules as thin and lightweight as standard eyeglass lenses, delivering clear images and one of the world’s largest fields of view for waveguides. Additionally, Cellid offers industry-specific solutions powered by spatial recognition technologies such as Cellid SLAM. By integrating cutting-edge AR display hardware with real-world spatial recognition software, Cellid is driving the “Blending of Physical and Digital World,” making exceptional information tools more accessible, practical, and convenient for users worldwide.

SAN FRANCISCO, Jan. 26, 2026 /PRNewswire/ — To enable Chinese innovative pharmaceutical companies to more efficiently connect with international resources, bioSeedin, a platform facilitating cooperation in innovative drug assets, hosted the BIOSeedin Winter Innovation Partnering Summit in San Francisco on January 11, 2026. The event centered on the “China Asset Showcase”, providing an exclusive international roadshow and licensing cooperation forum dedicated to Chinese innovative drugs.

The summit brought together over 500 industry representatives from more than ten countries and regions, hosted more than 300 one-on-one matchmaking meetings and 18 roadshows by Chinese biotech companies. Participants included MNCs, big pharma, biotech firms, and investment institutions, fully reflecting the event’s international perspective. The event was marked by a dynamic atmosphere of enthusiastic exchanges and strong collaborative intentions.

Dialogues on the Future: Key Insights from Three Cross-Border Panels

At this BIOSeedin Winter Innovation Partnering Summit, three multinational discussion panels brought together veteran BD professionals from global pharmaceutical companies and industry leaders to delve into three core topics, exploring industry pain points and future development trends.

In the oncology pipeline strategy panel, the key insight emphasized that asset acquisitions should be based on a company’s own pipeline layout and long-term strategic blueprint, rather than blindly following industry trends. The panel also discussed the view that in 2026/2027, domestically originated discoveries and differentiated therapies for high-incidence cancers could potentially reshape China’s oncology R&D landscape.

In the cardio-renal-metabolic (CRM) panel, guests reviewed major past transactions, analyzed CRM sub-sectors of interest to Western acquirers, and engaged in in-depth discussions on key topics such as accelerating clinical trial processes with AI technology and asset deployment strategies in the context of the GLP-1 market transformation.

In the final autoimmune panel, speakers shared challenges and success stories of Sino-foreign collaborations, discussing unique priorities for autoimmune clients from investment, innovation, and legal perspectives, combined with analysis of recently high-profile transactions. These three dialogues addressed core industry issues, offering perspectives for global pharmaceutical innovation collaboration and strategic planning.

18 Chinese Biotech Companies Presented Assets Across Various Fronts

During the roadshow, the first group of companies focused on cutting-edge technology fields such as bispecific antibodies, T-cell engagers (TCEs), and antibody-drug conjugates (ADCs), showcasing their latest R&D progress. Their robust technological capabilities attracted widespread attention and sparked collaborative interest. Subsequently, several professionals systematically presented their asset pipelines in the cardio-renal-metabolic (CRM) field, highlighting their strategic approaches, echoing the core discussions from the earlier CRM panel. Finally, presenting companies also shared their research on autoimmune diseases from diverse technological perspectives, including antibodies, ADCs, and molecular glues, covering multiple popular technology pathways and therapeutic scenarios. The entire roadshow precisely aligned with industry hotspots, collectively showcasing the dedicated achievements of Chinese pharmaceutical companies in cutting-edge technology R&D and niche sector development, building an efficient bridge for resource connection and win-win cooperation in the global biopharmaceutical field.

The summit aimed to gather global industry insights and foster dialogue, seeking to activate collaboration momentum within the global biopharmaceutical industry.

bioSeedin looks forward to meeting you at the next conference, exploring investment opportunities, forging transformative partnerships, and shaping the blueprint for biopharmaceutical innovation.

www.bioseedin.com
service@bioseedin.com

SHENZHEN, China, Jan. 26, 2026 /PRNewswire/ — Lianhe Sowell International Group Ltd (Nasdaq: LHSW) (the “Company”), a provider of industrial machine vision products and solutions in China, today announced its strategic plan to invest in and establish its first Specialized Industry Robotics Industrial Headquarters Base in the United Arab Emirates, (“UAE“) marking a significant milestone in the Company’s global expansion strategy and the advancement of its artificial intelligence–driven robotics business.

According to the strategic plan, the UAE-based headquarters will bring together research and development, manufacturing, and global sales for the Company’s specialized industry robotics business, serving customers across international markets. The project will focus on providing high-quality and reliable robotic solutions across several specialized areas, including automotive spray-painting, high-altitude operations, underwater operations, hazardous chemical environments, and remote medical applications. These solutions are intended for use across a wide range of sectors, including industrial manufacturing, energy and chemical processing, public safety, healthcare, and high-end service industries.

Located in the UAE, the headquarters is expected to serve as a regional hub supporting the Company’s operations across Asia, Europe, the Americas, and Africa, with a focus on major global markets. The total planned investment for the project is expected to be approximately US$200 million. The project is expected to have a construction period of approximately 18 months and, upon completion, is designed to support an annual production capacity of approximately 50,000 to 80,000 specialized industry robots. Through the establishment of this regional industrial headquarters, the Company aims to better integrate global innovation resources, strengthen its research and manufacturing capabilities, and support the commercialization and international rollout of its advanced robotics technologies.

Mr. Dengyao Jia, Chairman of the Board of Lianhe Sowell International Group Ltd, commented, “This initiative is a key step in advancing our global strategy and reflects how Chinese high-end manufacturing companies are engaging more deeply in global industrial collaboration and competition. The UAE’s strong push toward Industry 4.0 and intelligent manufacturing, together with its supportive policies for advanced manufacturing and artificial intelligence, is creating significant market opportunities. In addition, its strategic location and open business environment make it a natural hub linking Asia, Europe, and Africa.”

The Company noted that it is actively engaging with local banks and investment funds in the UAE and is seeking financial support for the project. In addition, the Company is exploring potential partnerships and engaging local advisors to prepare for the formation and operationalization of the project. However, given the potential risks and uncertainties associated with the plan, there is no assurances that we will carry out the plan as contemplated or that the contemplated result will be achieved in its entirety.

By leveraging favorable policies, a supportive capital environment, and established global logistics and trade networks, Lianhe Sowell aims to tap the significant market potential across the Asia–Europe–Africa region. As the UAE specialized industry robotics headquarters is developed and becomes operational, the Company expects to further strengthen its global operating capabilities, international competitiveness, and brand presence, while delivering safer, more efficient, and more intelligent solutions to customers worldwide.

About Lianhe Sowell International Group Ltd

Lianhe Sowell International Group Ltd (Nasdaq: LHSW) provides industrial vision and industrial robotics solutions. With expertise in the field of machine vision and intelligent equipment, the Company specializes in smart transportation, industrial automation, artificial intelligence, and machine vision. Committed to offering comprehensive intelligent solutions to customers worldwide, the Company continuously advances the intelligent transformation of various industries through technological innovation. For more information, please visit: http://www.sowellrobot.com/ .

Forward-Looking Statement

This press release contains forward-looking statements. 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,” “plan” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Any statements that refer to expectations, projections or other characterizations of future events or circumstances, the markets in which the Company operates as well as any information concerning possible or assumed future results of operations of the Company, are also 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 uncertainties related to market conditions, availabilities of potential financing, engagement of relevant advisors and partners, the satisfaction of relevant regulatory and legal licenses and permits, and other risk factors discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov, which may cause actual results, levels of activity, performance or achievements to be materially different from those expressed or implied by these forward-looking statements. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

For more information, please contact:
Lianhe Sowell International Group Ltd
ir@sowellrobot.com

WFS Investor Relations Inc.
Email: services@wealthfsllc.com
Phone: +1 628 283 9214

Velotric Announces New Models for 2026: Discover 3, Discover M, Tempo, Summit 2, and GoMad.

PALO ALTO, Calif., Jan. 26, 2026 /PRNewswire/ — Velotric, a leading Ebikes brand trusted by over 150,000 riders across North America, today announced a major expansion of its lineup with five new models: Discover 3, a next-generation comfort commuter Ebike; Discover M, a premium mid-drive commuter Ebike; Tempo, a lightweight city Ebike; Summit 2, a mixed-terrain hybrid Ebike for city and light trail, and GoMad, an all-terrain utility Ebike.

The 2026 collection marks a significant step forward in Velotric’s mission to deliver a more refined, high-performing, and fully integrated riding experience. Together, these new models set a new benchmark for comfort, control, and everyday usability.

“It’s an exciting time at Velotric, as we move beyond simply building Ebikes. We’re engineering a more refined way to move,” said Adam Zhang, CEO at Velotric. “By developing our own mid-drive technology and carefully optimizing power delivery, ergonomics, and ride feel, we’ve created a lineup that meets the real-world needs of today’s riders.”

1.      Discover 3: The New Standard Comfort Commuter Ebike

The latest evolution of Velotric’s best-selling series, Discover 3 is built for riders who prioritize comfort, reliability, and everyday versatility. Powered by a 750W internal-rotor motor with 75Nm of torque, it delivers smooth, predictable assistance for daily commuting and weekend riding alike.

With updated ComfortMax™ ergonomics and an expanded suite of smart features, Discover 3 is designed to be a true do-it-all Ebike, capable on daily routes, longer rides, and varied road conditions.

2.      Discover M: The Flagship Mid-Drive Commuter Ebike

Discover M showcases Velotric’s latest advancements in ride engineering. It features the new VeloCore™ proprietary 500W mid-drive motor, a self-developed system tuned to deliver a more natural, bike-like pedal-assist experience that responds intuitively to rider input.

With a range of up to 95 miles, Discover M stands out as a long-range Ebike, while its geometry optimized around the mid-drive platform delivers refined performance and control for riders seeking a premium commuting experience.

3.      Tempo: The Lightweight City Ebike

At just 39 lbs, Tempo redefines lightweight urban riding with a focus on simplicity, style, and an active riding feel. Its clean, minimalist design draws inspiration from classic bicycles, while seamlessly integrating electric assist for everyday city use.

Tempo introduces Pulse Mode™, an innovative feature that uses real-time heart rate awareness to subtly adjust pedal assistance, keeping riders within their desired exercise zone. With a range of up to 60 miles, Tempo is designed for riders who value an active, intentional approach to city mobility.

4.      Summit 2: The Mixed-terrain Hybrid Ebike

Designed as a true hybrid Ebike, Summit 2 is built for riders whose routes span pavement, gravel, and light trails. A 750W motor with 1300W peak output and 100Nm of torque provides confident, controlled assistance across changing surfaces.

Paired with an eMTB-inspired RST air suspension fork and a 9-speed Shimano CUES drivetrain, Summit 2 delivers stability and composure on mixed terrain. A high-capacity battery offering up to 95 miles of range allows riders to transition easily from weekday commutes to weekend exploration.

5.      GoMad: The Ultimate Utility Ebike

GoMad is Velotric’s most capable utility Ebike to date, engineered for demanding everyday use. Built on a heavy-duty frame with a 500 lb total payload capacity and 20 x 4-inch fat tires, it is designed to handle cargo, passengers, and challenging conditions with confidence.

Powered by a 750W motor with 1300W peak output, GoMad supports a wide range of use cases without sacrificing stability or control.

Velotric Edge

Every Velotric Ebike is built around a set of core principles that define how the brand approaches comfort, control, and long-term reliability.

At the heart of the lineup is ComfortMax™, Velotric’s signature comfort system. Rather than treating comfort as a single component, ComfortMax™ is engineered into the entire riding experience. This includes frame geometry, riding posture to contact points and suspension tuning.

Velotric also prioritizes adaptability through SensorSwap™, a system that allows riders to switch between Torque and Cadence assist modes while riding. With a simple press and hold, the bike adjusts to different terrain and riding styles, giving riders greater control over how power is delivered as conditions change.

Safety and durability are foundational across the lineup. All Velotric Ebikes meet UL 2271 and UL 2849 certification standards, ensuring that batteries and electrical systems are rigorously tested for safety and reliability. Combined with IPX-rated waterproofing, including an IPX7 battery and IPX6-rated frame, Velotric bikes are built to perform confidently in wet weather, rainy commutes, and unpredictable conditions.

Availability and Launch Offers

The Velotric 2026 Spring Collection will be available via the official website, register for early access to the 2026 lineup.

To find your nearest Velotric dealer among more than 1,200 partnered bike shops nationwide and book a test ride, find a Velotric Shop near you.

About Velotric:

Velotric redefines the Ebike experience with high-performance, comfortable, and accessible electric bikes designed for everyday riders and adventurers alike. Founded by industry veterans – including Adam Zhang, Lime’s hardware co-founder, Velotric brings together experts from leading brands like Lime, Giant, Specialized, and Decathlon to create Ebikes that blend innovation, style, and practicality.

Driven by a mission to revolutionize electric mobility and explore the great outdoors, Velotric designs Ebikes that make every journey effortless and exhilarating, all with a focus on simplicity, reliability, and human-centered design.

Committed to sustainability, innovation, and accessibility, Velotric is creating the future of electric biking – one ride at a time.

For more information, visit Velotric Ebike.

Media Contact:
press@velotric.bike

HANGZHOU, China, Jan. 26, 2026 /PRNewswire/ — Eastern International Ltd. (“Eastern International” or the “Company”) (NASDAQ: ELOG), a provider of domestic and cross-border professional logistic services and construction services including project logistic, general logistic and new energy infrastructure construction, today announced that its wholly-owned subsidiary, Guizhou Tianrun Zhicheng Construction Engineering Co., Ltd. (“Guizhou Tianrun”), has successfully won the bids for two key construction packages for the Hongze 62.5 MW Wind Farm Project (the “Project”), with  the total awarded price of RMB 91.52 million (approximately USD 13.02 million). The successful bids for these projects mark the Company’s official entry into wind power construction sector. As the Company’s first wind power construction project, it represents a significant milestone in the development journey of the Company.

The two awarded projects are as follows: (1) Roadworks, lifting platform construction, and land reclamation for the 62.5 MW Wind Farm Project with an award price of RMB 79.52 million (approximately USD 11.31 million) and (2) Substation Civil Construction Works for the EPC Turnkey Project for the 62.5 MW Wind Farm Project with an award price of RMB 12 million (approximately USD 1.71 million). The total award price of the two bid awards is RMB 91.52 million (approximately USD 13.02 million).

Mr. Lin Tan, Chief Operating Officer of Eastern International Ltd., commented, “These successful bids and the achievement of the first breakthrough in the wind power construction sector are crucial strategic move for the Company. Eastern International will adhere to the high standards for this ‘first wind power construction project’ and plan and manage the construction scientifically to ensure comprehensive control over project quality, safety, and schedule. The Company is fully committed to delivering a high-quality project for our clients and establishing a strong reputation in the wind power construction field. These projects will also open new growth opportunities for the Company in the new energy infrastructure construction sector, enable the Company to further participate in the national green energy system development and advance the implementation of sustainable development of the economy.”

About Eastern International Ltd. 

Eastern International Ltd. (NASDAQ: ELOG) is a holding company incorporated in the Cayman Islands. The Company, through Suzhou TC-Link Logistics Co., Ltd. (“Suzhou TC-Link”) and Hangzhou TC-Link Logistics Supply Chain Management Co., Ltd., both wholly owned subsidiaries of the Company, provide domestic and cross-border professional logistic and construction services including project logistic, general logistic and new energy infrastructure construction. Suzhou TC-Link was established on January 9, 2006, in Jiangsu Province, China. Suzhou TC-Link has obtained the internationally recognized IS09001 certificate of high-quality service (2015 standard). Eastern International has 7 wholly owned subsidiaries and 5 warehouses/logistic centers and 3 branch offices in China which operating network covers key cities in mainland China, Hong Kong, Southeast Asia and Central Asia. For more information, please visit https://www.elogint.com

FORWARD-LOOKING STATEMENTS

Certain statements contained in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. 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. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: the uncertainties related to market conditions and other factors discussed in the “Risk Factors” section of the final prospectus filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Any forward-looking statements contained in this press release speak only as of the date hereof, and Eastern International specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.

Contacts:

Eastern International Ltd.
Mr. Lin Tan
Tel: +86 0571-82356096
Email: ir@elogint.com