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Jazz Hipster’s Next-Generation All-in-One Audio Platform Empowers Global Brands to Accelerate Market Success

TAIPEI, Dec. 24, 2025 /PRNewswire/ — Jazz Hipster Corporation, a Taiwan-based premium acoustics ODM manufacturer, announces that its All-in-One integrated audio platform has successfully enabled global brand partners to fast-track the development and launch of high-end audio products through its highly integrated system architecture and refined acoustic design. (Article is from LIFE NEWS)


Jazz Hipster’s All-in-One audio platform consolidates the amplifier, streaming module, DSP (Digital Signal Processing), and loudspeaker system into a unified architecture. This significantly reduces product design and system integration complexity while delivering exceptional sound performance, elegant industrial design, and an intuitive user experience. The platform supports multi-room streaming, mobile device control, and OTA (over-the-air) firmware updates, with full compatibility for leading music services including AirPlay 2, Chromecast, Roon Ready, Spotify, TIDAL, and Qobuz.

Jazz Hipster has partnered with multiple leading European and American audio brands to successfully bring All-in-One audio products to the international market, establishing a strong reputation in the premium home audio segment. These products have earned high praise from brands and end markets alike for their tonal consistency, system stability, and production reliability—demonstrating Jazz Hipster’s proven expertise in acoustic manufacturing and system integration.

“We don’t just provide hardware manufacturing—we help brands bring their acoustic design, system integration, and market positioning together as a complete, market-ready solution,” said William Hsu, General Manager of Jazz Hipster. “The maturity of our All-in-One platform is the result of years of collaboration with European and American brands. It allows us to respond more rapidly to the market’s growing demand for highly integrated, high-quality audio products.”

On the product development front, Jazz Hipster continues to deepen its expertise in acoustic tuning, DSP algorithm development, and system architecture design. By adopting a modular platform approach, the company enables brand partners to preserve their unique design language while shortening development cycles and improving time-to-market success rates.

“Our role is to be the most reliable technology partner behind the brand,” said Ben Hsu, Product Manager at Jazz Hipster. “All-in-One audio platform fully embraces the streaming-era user behaviors and the trend toward digital integration in home entertainment. With our turnkey solution, brands can enter the market quickly and focus on their core competencies—product experience and market communication—while we provide end-to-end support for system integration and production quality.”

With over four decades of acoustic manufacturing expertise, a vertically integrated R&D and manufacturing system, and a global production footprint spanning the regions of Taiwan, Mainland China, and Indonesia, Jazz Hipster continues to deliver one-stop premium audio ODM solutions for international brands—playing a pivotal role in the global streaming audio and integrated audio system markets.

GENTLE MONSTER Takes Legal Action Against Blatant Product and Branding Imitation

SINGAPORE, Dec. 24, 2025 /PRNewswire/ — IICOMBINED Co., Ltd., the company behind global fashion eyewear brand GENTLE MONSTER, announced that it is taking legal action against a Korean eyewear brand (“Company B”) for copying its product designs and offline space concepts.

Since its founding in 2011, GENTLE MONSTER has grown into an independent global brand through innovative design and distinctive brand experiences. The brand has received investment from global companies including Google and LVMH-affiliated investment firms and has been recognised internationally for its originality and competitiveness in design.

IICOMBINED clarified that GENTLE MONSTER has no business or manufacturing relationship with any other eyewear company and emphasised that such claims are false and misleading. An internal investigation into design similarities revealed a high level of resemblance in at least 30 eyewear products.

In response, IICOMBINED filed a design invalidation trial with the Korean Intellectual Property Trial and Appeal Board in March this year, and a decision is currently pending.

To protect brand integrity and prevent consumer confusion, IICOMBINED is pursuing both civil and criminal legal action. A criminal complaint was filed against Company B with investigative authorities in December last year. In March and June this year, provisional seizure applications were submitted to preserve damages. In October 2025, IICOMBINED further filed a lawsuit seeking an injunction and damages under the Unfair Competition Prevention Act.

Over the years, the brand has grown into a global presence through the dedication and creativity of many contributors, as well as the continued trust and support of its customers. The company maintains a firm stance against any actions that imitate its brand identity or creative output, undermine brand value, or cause confusion among consumers.

Mantle, the Distribution Layer for Onchain Finance, Positioned Among Leading Layer 2s in New Messari Report

DUBAI, UAE, Dec. 24, 2025 /PRNewswire/ — Messari has published an in-depth report examining Mantle’s network design, ecosystem structure, and recent milestones, highlighting the protocol’s evolution toward a coordinated distribution layer for onchain finance. The analysis focuses on Mantle’s deepening exchange integration, expanding real-world asset infrastructure, and the emergence of a modular financial stack spanning capital, applications, and user access.

Mantle, the Distribution Layer for Onchain Finance, Positioned Among Leading Layer 2s in New Messari Report
Mantle, the Distribution Layer for Onchain Finance, Positioned Among Leading Layer 2s in New Messari Report

Deepening Distribution Through Bybit Integration

Messari highlights Mantle’s evolving relationship with Bybit, which has progressed from a standard token listing to a deep platform-level integration where MNT functions as a core asset across trading, fee payments, VIP programs, and institutional products. Following a joint roadmap announced in August 2025, Bybit expanded MNT-quoted trading pairs, enabled discounted MNT-denominated fees, and introduced MNT-based benefits for VIP and institutional users. During this period, MNT’s circulating market capitalization reached approximately $8.7 billion on October 8, 2025, reflecting expanded access, improved liquidity, and broader participation across Bybit’s distribution channels.

Capital Formation Anchored for DeFi Hubs

The report notes that Mantle’s capital base is anchored by mETH Protocol, which remains one of the network’s largest sources of onchain liquidity. As of late 2025, mETH holds $791.7 million in ETH and cmETH holds $277 million, representing approximately $1.07 billion in underlying assets. On the application layer, Mantle’s DeFi TVL reached $242.3 million as of September 30, 2025, reflecting continued growth in onchain activity across the network.

Expanding Institutional Stack Across RWAs, DeFi, and Infrastructure

Messari also underscores Mantle’s progress in building institutional-grade onchain infrastructure through its Tokenization-as-a-Service (TaaS) platform, which provides end-to-end support for compliant RWA issuance. Institutional activity expanded through issuances such as Ondo Finance’s USDY, which reached approximately $29 million tokenized on Mantle, alongside broader ecosystem initiatives including global RWA hackathons and scholarship programs.

“Institutions don’t adopt isolated execution layers, but they adopt ecosystems that coordinate capital, liquidity, and distribution,” said Emily Bao, Key Advisor at Mantle. “Mantle’s focus has been on closing those gaps and making onchain finance usable at institutional scale, rather than optimizing for throughput alone.”

“Mantle’s development reflects a broader shift among Layer 2s toward coordinating capital, applications, and distribution rather than optimizing execution in isolation,” said Evan Zakhary, Protocol Research Analyst at Messari. “Its growing capital stack and exchange-led distribution position it as a network focused on institutional onchain activity.”

Messari’s analysis positions Mantle as a Layer 2 evolving beyond execution to coordinate capital, infrastructure, and distribution. As the network deepens exchange integration and institutional adoption, Mantle is increasingly defined by its role as a distribution layer for institutional onchain finance.

About Mantle

Mantle positions itself as the premier distribution layer and gateway for institutions and TradFi to connect with onchain liquidity and access real-world assets, powering how real-world finance flows.

With over $4B+ in community-owned assets, Mantle combines credibility, liquidity, and scalability with institutional-grade infrastructure to support large-scale adoption. The ecosystem is anchored by $MNT within Bybit, and built out through core ecosystem projects like mETH, fBTC, MI4 and more. This is complemented by Mantle Network’s partnerships with leading issuers and protocols such as Ethena USDe, Ondo USDY, OP-Succinct and EigenLayer.

For more information about Mantle, please visit: mantle.xyz
For more social updates, please follow: Mantle Official X & Mantle Community Channel  
For media enquiries, please contact: contact@mantle.xyz 

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 80 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: media@bybit.com
For updates, please follow: Bybit’s Communities and Social Media

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My Journey as a Lawyer in Central Asia–The Dream-Chasing Story of Yang Ying, a Post-95 Girl from Jiangxi, in Kyrgyzstan

BISHKEK, Kyrgyzstan, Dec. 24, 2025 /PRNewswire/ — A report from New Legal Report:

Yang Ying, a post-95 girl from Jiujiang, Jiangxi Province, has now anchored her life more than 5,000 kilometers away from home, in Kyrgyzstan.

“Go and see a broader world.” With this in mind, Yang Ying, a master of ecology, resolutely stepped down from the lectern. She spent six intense months tackling China’s National Judicial Examination and made a career switch to become a lawyer. Earlier this year, she was recruited by Weimin Law Firm—the first law firm from Jiangxi to expand overseas—and left the Jiangnan area of China for the borderlands beyond the Tianshan Mountains.

Over the past year, she and her colleagues have traveled between the service windows of the Ministry of Justice of Kyrgyzstan and the rural areas of the Chuy Valley. Working in an environment with different languages and legal systems, she has provided legal services for economic and trade exchanges between enterprises and individuals from China and Kyrgyzstan. Having gained experience through practice, she has become the youngest and yet the most experienced foreign-related lawyer at the firm.

Yang Ying on the job
Yang Ying on the job

A Post-95 Foreign-Related Lawyer

This year is Yang Ying’s first year of being stationed in Central Asia as a post-95 lawyer at Weimin (Bishkek) Law Firm.

On December 11, after preparing the relevant documents for the Hague Apostille at her office, Yang Ying carefully placed them into a folder and, accompanied by an interpreter, went to the Ministry of Justice of Kyrgyzstan, which is three kilometers away.

After entering the building, she queued up, filled out application forms, and sat down at the service window. The official checked the documents, cross-referencing the signatures and seals with the samples. She could only half understand the Russian the official spoke.

The interpreter leaned over to pass on the message, and only then did she learn that the official had questions about the company’s articles of association and other content.

Yang Ying turned around and explained to the official in a soft voice. Back and forth, the legal systems of the two countries linked up just like this through the glass window. Then, with a sharp snap, the official pressed a blue square “APOSTILLE” seal onto the document.

The car speeding back to the law firm raced west along Chuy Avenue. The snow line of the Tianshan Mountains was pressed even lower by the cloud layers in the distance. Streets laid out neatly like a chessboard, parks dotted with numerous statues, and tall street trees were already cloaked in silver. In her first year in Central Asia, Yang Ying had grown accustomed to the distinct seasonal cycles here.

This main road running across the city stretches further west, connecting to Deng Xiaoping Street—a road built to draw on the experience of China’s reform and opening-up. To the locals, it is a bond linking to the East, carrying forward the friendship of the ancient Silk Road and bearing the weight of increasingly frequent economic and trade exchanges.

In May 2023, the heads of China and Kyrgyzstan met in Xi’an, upgrading their bilateral relations to a comprehensive strategic partnership for a new era. The joint construction of the Belt and Road Initiative has inspired people from all walks of life to flock to this essential hub on the ancient Silk Road. Weimin (Bishkek) Law Firm, officially established in April 2024, is one of them—and it is also the first Chinese-funded law firm to set up operations in Kyrgyzstan.

Weimin (Bishkek) Law Firm is located at the bustling intersection of Chuy Avenue and Manas Avenue.Even when the temperature drops to minus 10 degrees Celsius on winter nights, the newly built shopping complexes here still brim with the vitality of modern commerce. After more than a year of development, Weimin (Bishkek) Law Firm has become the largest law firm in the local region.

Yang Ying and her colleagues at Issyk-Kul Lake
Yang Ying and her colleagues at Issyk-Kul Lake

“Go and See a Broader World”

While many of her peers were steadily settling into their predetermined life tracks, Yang Ying, standing at a crossroads in life, once grappled alone with confusion and anxiety.

As a master’s student in ecology, Yang Ying once carried soil sampling equipment and traveled through the mountains and rivers of Jiangxi with her supervisor on fieldwork. After graduation, she became a teacher, only to soon realize that the role was a poor fit for her. Then the thought of “going to see a broader world” resurfaced—and she resolutely switched majors to prepare for the exam, and passed the National Judicial Examination in just half a year.

When she first worked as a trainee lawyer, she carried a notebook every day and shuttled between the visitor seats of various courtrooms in Jiujiang. The domestic legal industry was highly competitive, and she hadn’t fully adapted to the pace yet. One day, she swiped across her phone and saw a recruitment notice for lawyers to be stationed in Kyrgyzstan.

This information came from Weimin Law Firm, the first law firm from Jiangxi to expand its business overseas. Faced with the huge differences in legal jurisdictions in Central Asia, Chinese-funded enterprises and a growing number of investors are in urgent need of legal support from Chinese lawyers working abroad. However, hampered by language barriers, cultural gaps and differences in living abroad, the first two resident lawyers dispatched by Weimin Law Firm both chose to return to China for development at the end of the year. Selecting foreign-related talents willing to root themselves in the front line has become a challenge for the firm.

At the interview held at Weimin Law Firm’s Jiujiang headquarters, the interviewers sized up the young lady before them—who still retained her bookishness, and couldn’t help but feel anxious: Could she really adapt to the life in the borderlands beyond the Tianshan Mountains?

Yang Ying’s decision was not a spur-of-the-moment act. Before the interview, she had studied a great deal of relevant materials about Kyrgyzstan and believed firmly that the country held broader opportunities.

“Take responsibility for your life, and don’t look back.” With her parents’ words in mind, Yang Ying left home after the 2025 Spring Festival, traveling from Nanchang to Wuhan by high-speed rail, then flying to Urumqi before catching an early flight to Bishkek, Kyrgyzstan, where she joined Weimin (Bishkek) Law Firm as a resident lawyer.

Everything had to be learned from scratch. Every day, Yang Ying visited and received clients. When dealing with documents sent from China, she first had to figure out the internal processes of different companies and documents, so as to explain them to the officials of the Ministry of Justice of Kyrgyzstan later. When clients missed supplementary certificates, she also had to find ways to handle it. Once, while chatting with a client in the office, Yang Ying replied to messages from seven or eight people on her phone simultaneously. The client was stunned and couldn’t help asking, “How did you do that?”

At the time, the law firm had only six or seven people. Apart from interpreters and administrative staff, Yang Ying was the only Chinese lawyer there.

Her first case, which was handling legal work for a state-owned enterprise, took Yang Ying two weeks of persistent effort to get done. To devote more energy to her work, she often cooked several days’ worth of meals in advance and stored them in the fridge, then just mixed them with chili sauce for a quick lunch.

Chinese enterprises operating in Central Asia—ranging from large corporations to individual traders—each face their own difficulties. Large enterprises demand that matters be resolved quickly and naturally place strict requirements on processes. Some owners of small and micro businesses thought it would be simple to submit documents to the Ministry of Justice of Kyrgyzstan by themselves, only to have their documents rejected with numerous issues pointed out, which was why they rushed to the law firm in a hurry. In Yang’s view, there are differences between the two countries in legal systems and ways of thinking,and the important responsibility of Jiangxi lawyers working overseas is to resolve the practical difficulties caused by these differences for enterprises and investors.

From Newcomer to Veteran

By July, the real estate market in Bishkek had started to boom. However, in Yang Ying’s view, huge legal risks lurked behind this upsurge. Small and micro enterprises coming to invest often suffer losses because they are unfamiliar with local laws. For example, an investor takes a fancy to a plot of land and intends to build a homestay hotel, after paying the full amount only to find that the land is only allowed to be used for building model house-style structures, or its development is restricted. If they also encounter unclear ownership or pledge disputes, investors will be even more hard-pressed. Changing the land use purpose in Kyrgyzstan is an extremely time-consuming and energy-draining task.

The demand for land background investigations extended Yang Ying’s office workplace from the firm to the vast rural areas. She and her colleagues often drove back and forth across the Chuy Valley.

As the law firm developed, more and more new faces arrived in Bishkek one after another. Yang Ying transitioned from a newcomer to a veteran foreign-related lawyer and took on the responsibility of mentoring new recruits. She took the new lawyers to the nearby bazaars, carried dozens of jin (1 jin=0.5 kg) of food back to the apartments, briefed the new recruits on the firm’s situation, and clearly explained the clients they served and the corresponding projects. She also assisted the new recruits in gradually getting the hang of the cases assigned by the partners. Meanwhile, she kept learning new practice areas as local legal provisions are updated from time to time.

Today, Weimin (Bishkek) Law Firm has grown to a team of 20 people, and about 90% of its clients are Chinese-funded enterprises and Chinese citizens investing and developing in Kyrgyzstan. The team acts as perennial legal counsel or financial and taxation consultant for more than 20 Chinese-funded enterprises in Kyrgyzstan, and also undertakes a number of complex legal service tasks including BOT investment and financing, equity cooperation, and EPC general contracting for the China–Kyrgyzstan–Uzbekistan Railway project, with the total investment of the projects it serves reaching 10 billion US dollars.

“Don’t be confined to the gains and losses of a single place or city; instead, see a broader world and have a more open mind.” Yang Ying recalls the words her mentor once said to her occasionally.

Today, in downtown Bishkek, the number of Chinese-funded law firms serving economic and trade exchanges has grown from one to seven.

Yang Ying says she has witnessed vigorous growth of Chinese-funded law firms along the New Silk Road from a “single seedling” to “a constellation of stars”—and in resonating in sync with the times, she has met a version of herself that is more open-minded and resilient than ever before.

In the gaps between her busy work, Yang Ying would break away from her desk with colleagues and drive 200 kilometers east to Lake Issyk-Kul. For Yang Ying, this place brings a long-missed sense of vastness. Snow-capped mountains stretch endlessly in the distance, while the lake water remains calm in the bitter winter—like a huge, unfreezable sapphire inlaid at the foot of the Tianshan Mountains.

On the China–Kyrgyzstan–Uzbekistan Highway in the distance, busy freight trucks rumble along the winding roads, carrying massive quantities of goods back and forth between China and Kyrgyzstan.

/C O R R E C T I O N — Phygital International/

In the news release, Games of the Future 2025 Concludes After Six Action-Packed Days, issued 24-Dec-2025 by Phygital International over PR Newswire, we are advised by the company that the 6th paragraph, second sentence is a repetition and can be removed. The complete, corrected release follows:

Games of the Future 2025 Concludes After Six Action-Packed Days

Crowds flocked to ADNEC in Abu Dhabi as millions more watched around the world, cementing the phygital sporting event’s global appeal

ABU DHABI, UAE, Dec. 24, 2025 /PRNewswire/ — The Games of the Future Abu Dhabi 2025 powered by ADNOC has officially concluded, following six unforgettable days of high-energy, action-packed competition that pushed the boundaries of sport, technology, and entertainment. The event marked a defining moment for the rapidly growing phygital movement, reinforcing its role in shaping the future of sport. 

Drone Racing in action at GOTF 2025
Drone Racing in action at GOTF 2025

Taking place from 18-23 December at ADNEC Centre Abu Dhabi, more than 850 participants from over 60 countries competed in 11 disciplines spanning phygital sports, tech sports, and esports. Champions were crowned in front of thousands of fans across packed arenas, with hundreds of millions more viewing broadcasts, social feeds and streams around the world. Competitors ranging from 13 to 72 years old underlined the inclusivity and cross-generational appeal that defines the Games of the Future.

The tournament delivered a constant stream of standout moments that blended elite athletic performance with strategic gameplay and technological innovation. Spectator favorites included large-scale tech showcases such as Battle of Robots, which saw 2.48 tons of robots flown into the UAE for competition. There were also globally popular esports competitions including MOBA PC.Dota 2,Mobile Mobile.MLBB and Battle Royale.Featuring Fortnite tournaments, alongside crowd-pleasing phygital formats such as Phygital Football powered by ADNOCPhygital Basketball. 3on3 FreeStyle brought to you by M42, Phygital Shooter. CS 2Phygital Dancing.Just Dance and Phygital Fighting. FATAL FURY: City of the Wolves.

Cutting-edge tech sports including Phygital Drone Racing, where precision piloting meets elite athletic focus, added further intensity, while the event also marked a regional milestone with VR-Game.HADO Global Invitation being competed in the Middle East for the first time.

Packed arenas and immersive fan experiences underscored the tournament’s unique ability to merge live sport with technology, creating a format that is fast-paced, accessible, and deeply engaging for a new generation of global audiences.

The success of the Games of the Future Abu Dhabi 2025 is a testament to what can be achieved when innovation, ambition, and collaboration come together,” said Nis Hatt, CEO of Phygital International. “This milestone would not have been possible without the outstanding support and shared vision of Abu Dhabi Sports Council, ASPIRE and Ethara, whose commitment to excellence continues to elevate Abu Dhabi’s global sporting profile and leadership in innovation. The past six days have provided a glimpse into the future of sport, where physical performance, technology, and digital culture come together to inspire a new generation of fans and athletes.”

The Games of the Future Abu Dhabi 2025 reached millions of fans worldwide, broadcast live via the new dedicated Games of the Future OTT platform, supported by 27 global broadcast and streaming partners delivering coverage in more than 13 languages. This extensive distribution ensured unprecedented global accessibility and positioned the event as a benchmark for digital-first, multi-platform sports broadcasting.

With the Games of the Future Abu Dhabi 2025 now complete, attention turns to Astana, Kazakhstan, which will host the Games of the Future 2026 next summer. In the lead-up to the event, Astana will also stage Phygital Contenders tournaments in June, featuring multiple disciplines and bringing together local and international participants.

In parallel, Phygital International has confirmed that the bidding process for future host cities is now open, inviting prospective bidders to apply to stage the tournament in 2028, 2029, or 2030, as the event continues its global expansion.

The passing of the Phygital Flame to Astana represents the next exciting chapter for the phygital movement and the Games of the Future,” added Nis Hatt. “The Games of the Future 2026 will build on the incredible foundation laid here in Abu Dhabi and continue to push the boundaries of what phygital sport can achieve on a global stage.”

For full results and more information from the Games of the Future Abu Dhabi 2025, visit gotfabudhabi.com.

For all the highlights and to replay action from the Games of the Future 2025, visit: tv.gofuture.games.

About Phygital International (PI):  

Phygital International is the promoter of phygital sports globally and is focused on innovating and redefining sports. It is the custodian and rights holder of the Games of the Future and oversees the bidding process for each host city.

For further information please visit: https://Phygitalinternational.com  

About the Games of the Future (GOTF):  

The Games of the Future is an annual international event which is the pinnacle of phygital sport, that fuses the worlds of physical and digital sport. The tournament brings together the next generation of phygital sporting heroes from all over the world to compete in a diverse range of phygital disciplines and challenges. The Games of the Future 2025 was hosted in Abu Dhabi, UAE while the Games of the Future 2026 will be held in Astana, Kazakhstan.

For more information please visit: https://gofuture.games/ 

phygital@marylebonecommunications.com  

Phygital athletes celebrating the trophy at GOTF 2025
Phygital athletes celebrating the trophy at GOTF 2025

 

Phygital Athletes playing on the physical side at GOTF 2025
Phygital Athletes playing on the physical side at GOTF 2025

 

MOBAMobile.MLBB in action at GOTF 2025
MOBAMobile.MLBB in action at GOTF 2025

 

 

Lao Government Proposes Forest Land Conversion for Investment Projects

Xaysomphone Phomvihane President of the National Assembly of the Lao PDR during the National Assembly (NA) Standing Committee meeting from 18 to 19 December. Vientaine, Laos.

The Lao government has submitted a request to the National Assembly (NA) seeking approval to convert forest land for mining, energy, and infrastructure projects across several provinces.

The proposal was reviewed during the NA Standing Committee meeting from 18 to 19 December. 

According to the NA, the government is requesting permission to repurpose forest areas for projects including gold, rare-earth, zinc, silver, and coal mining, as well as renewable energy development.

Among the proposed projects is a rare-earth mining project in Khoun district, Xieng Khouang Province, and mining activities in the Longkhaw–Longkhan National Production Forest in Attapeu Province. 

Additional proposals involve forest areas in Bolikhamxay, Houaphanh, and Vientiane provinces.

The committee also reviewed the Truong Son Wind Farm project in Bolikhamxay Province, which is designed to generate 600 megawatts of electricity for export to Vietnam. The project is reported to be more than 80 percent complete.

Laos classifies its forests into three categories: National Protected Areas, Conservation Forest Areas, and Production Forest Areas, all of which are state-owned.

In addition to forest conversion proposals, the NA discussed adjustments to the budget of the Huay Akai irrigation project in Savannakhet Province and reviewed preparations for the national elections scheduled for February 2026

Cango Receives Buy Rating, Upbeat on its Asset-light Mining Model and AI Potential

DALLAS, Texas, Dec. 24, 2025 /PRNewswire/ — Greenridge Capital has initiated coverage on Cango Inc. (NYSE: CANG) (“Cango” or the “Company”) with a buy rating and US$4.00 target price, noting that Cango appears to be “mispriced and overlooked by the market given its market leading Bitcoin mining status and asset-light model for entry into the high-performance computing (HPC) market.”

According to the Greenridge Capital report, Cango is trading below the value of its assets, which include liquid holdings in cash and over US$600 million in BTC held under a strict HODL strategy, a 50 EH/s globally distributed mining portfolio, and a 50MW data center in the U.S. state of Georgia (acquired in Q3 of 2025). The report also points out ongoing cost reduction measures, suggesting operational discipline, and Cango’s ability to capitalize on future opportunities with its strong financial position.

Looking ahead, Cango’s strategy to diversify revenue and enhance profitability focuses on securing control over its own power supply, a key strategic step for future AI data center or Bitcoin mining operations. The report highlights Cango’s “Energy + HPC” plan, which targets expansion into flexible energy and data infrastructure projects with higher margin opportunities and cash generation potential. Supporting this expansion are two pilot projects already underway: a pilot solar generation and storage project in Oman and a 150MW power generation facility in Indonesia, which it is developing with a partner and could potentially be expanded to 300MW in future. Further updates from management are expected in coming months.

Greenridge Capital’s US$4.00 price target is based on a blended valuation approach using two methodologies: (1) an EV/Adjusted EBITDA multiple of 7x applied to a 2026 adjusted EBITDA estimate of US$335.4 million, and (2) a P/E multiple of 15x applied to a 2026 diluted EPS estimate of US$0.34. Both multiples are conservative relative to industry peers. Notably, this valuation does not yet assign value to Cango’s developing energy infrastructure projects, which could unlock substantial value in the future as project milestones are achieved.

About Cango Inc.

Cango Inc. (NYSE: CANG) is primarily engaged in the Bitcoin mining business, with operations strategically deployed across North America, the Middle East, South America, and East Africa. The Company entered the crypto asset space in November 2024, driven by advancements in blockchain technology, the growing adoption of digital assets, and its commitment to diversifying its business portfolio. In parallel, Cango continues to operate an online international used car export business through AutoCango.com, making it easier for global customers to access high-quality vehicle inventory from China. For more information, please visit: www.cangoonline.com.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the United States 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. Among other things, the “Roadmap Forward” section and quotations from management in this announcement, contain forward-looking statements. Cango may also make written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Cango’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Cango’s plan to terminate its ADR program and list its Class A ordinary shares directly on the NYSE and potential benefits from such change; Cango’s goal and strategies; Cango’s expansion plans; Cango’s future business development, financial condition and results of operations; Cango’s expectations regarding demand for, and market acceptance of, its solutions and services; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Cango’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Cango does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Investor Relations Contact

Juliet Ye, Head of Communications
Cango Inc.
Email: ir@cangoonline.com 

Christensen Advisory
Tel: +852 2117 0861
Email: cango@christensencomms.com 

State Grid Gansu Linxia Power Supply Company: Winter Line Inspection Builds a Defense Line to Protect Light and Warm People’s Hearts

LINXIA, China, Dec. 24, 2025 /PRNewswire/ — On December 23, the State Grid Linxia Power Supply Company organized maintenance personnel from the power supply station, equipped with professional tools such as infrared thermometers and binoculars, to conduct a winter safety electricity use hazard inspection on the 10 kV lines in the jurisdiction. This precise inspection aims to strengthen the winter grid safety operation barrier and fully ensure warm electricity use for the public.

Since the beginning of winter, the temperature has dropped and the demand for heating electricity by residents has surged, and the power grid has officially entered a high-load operation phase in winter. In order to solidly carry out the work of ensuring power supply during the peak season and ensure worry-free electricity supply for the residents in the jurisdiction, the company took the initiative to take the lead and implement precise measures, constructing a dual-track operation and maintenance system of “offline carpet-style inspection + online intelligent monitoring”, and organizing line operation and maintenance personnel to carry out special patrols and protection of important distribution lines in the jurisdiction.

In addition, the company extended its power supply service reach by organizing staff to go into villages and households to promote safe electricity use. They used local dialects and colloquial expressions to explain the safe usage norms of commonly used winter appliances such as electric blankets and heaters. Considering the reality of a large number of elderly people left behind in rural areas, they ensured prompt response and resolution of electricity-related concerns, striving to create a safe, convenient, and warm electricity environment.

Next, the State Grid Linxia Power Supply Company will continue to deepen winter grid operation and maintenance management, increase the frequency of inspections on key lines, fully rectify various safety hazards, and continuously enhance the grid’s cold resistance and disaster prevention capabilities. This will lay a solid foundation for the safe and stable operation of electricity during the peak winter period, effectively ensuring that residents in the jurisdiction can stay warm and enjoy comfortable electricity use.