HONG KONG, Dec. 16, 2025 /PRNewswire/ — Luda Technology Group Limited and its subsidiaries (“Luda Technology” or the “Company”, NYSE: LUD.US) announced that its strategic equity investment portfolio delivered strong performance for the eleven months ended November 30, 2025. This performance made an important contribution to the Company’s earnings and strengthened its overall financial position.

As of November 30, 2025, unaudited performance of the Company’s equity investment portfolio, which includes publicly listed securities traded on the Hong Kong Stock Exchange, the Shanghai Stock Exchange, and the Shenzhen Stock Exchange, had recorded significant realized gains, reflecting the success of the Company’s strategic capital allocation and investment strategy.

Key highlights of the unaudited portfolio’s performance include:

• Realized Gains: Approximately US$2.4 million for the eleven months ended November 30, 2025 generated from disposal of the publicly listed securities and dividend incomes.
• Portfolio Performance: The portfolio has achieved a return of approximately 57.8% for the eleven months ended November 30, 2025 with initial investment of approximately US$4.1 million.
• Strategy Rationale: The performance validates the Company’s strategy of investing a portion of the Company’s surplus cash in high-grade securities to generate an alternative income stream whilst maintaining a risk-managed securities portfolio. The Company’s investment strategy is designed as a complementary buffer against market cyclicality in its primary business, with a medium-to long-term investment time horizon.

Mr. MA Biu, the Chief Executive Officer of Luda Technology, stated, “Our investment portfolio’s performance is a testament to our disciplined approach to capital management. These gains provide us with enhanced financial flexibility and a stronger foundation for future growth. They underscore our ability to not only excel in our core operations but also to generate significant value from our strategic investments. We believe our investment will continue to provide steady support to our earnings in the future.”

-Ends-

Safe Harbor Statements

This filing contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident,” “potential,” “continue” or other similar expressions. Among other things, the quotations from management in this announcement, as well as Luda’s strategic and operational plans, contain forward-looking statements. Luda may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (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 but not limited to statements about Luda’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: changes in political, social and economic conditions, the regulatory environment, laws and regulations and interpretation thereof in the jurisdictions where we conduct business or expect to conduct business; the risk that we may be unable to realize our anticipated growth strategies and expected internal growth; its future business development, results of operations and financial condition; changes in the availability and cost of professional staff which we require to operate our business; changes in customers’ preferences and needs; changes in competitive conditions and our ability to compete under such conditions; changes in our future capital needs and the availability of financing and capital to fund such needs; changes in currency exchange rates or interest rates; projections of revenue, earnings, capital structure and other financial items; changes in our plan to enter into certain new business sectors; and other factors beyond our control. Further information regarding these and other risks is included in Luda’s filings with the SEC. All information provided in this report and in the attachments is as of the date of this report, and Luda undertakes no obligation to update any forward-looking statement, except as required under applicable law.

About Luda Technology Group Limited (NYSE: LUD.US)

As a manufacturer and trader of stainless steel and carbon steel flanges and pipe fittings, Luda Technology Group Limited is headquartered in Hong Kong, with its production base located in Taian, Shandong Province, China. The Company’s history began with its subsidiary, Luda Development Limited which was incorporated in 2004 and is principally engaged in the trading of steel flanges and pipe fittings. In 2005, the Company expanded its business further upstream by establishing another subsidiary, Luda (Taian) Industrial Company Limited, which commenced the manufacturing of flanges and pipe fittings with a self-owned factory in China. Luda Technology is principally engaged in (i) the manufacturing and sale of stainless steel and carbon steel flanges and pipe fittings products; and (ii) the trading of steel pipes, valves, and other steel piping products. The Company’s sales network comprises customers in China, South America, Australia, Europe, Asia (excluding China), and North America and with a customer base includes manufacturers and traders from the chemical, petrochemical, maritime, and manufacturing industries.

For more information, please visit https://www.ludahk.com/en

CAMBRIDGE, England and FOSHAN, China, Dec. 16, 2025 /PRNewswire/ — Bright Scholar Education Holdings Limited (“Bright Scholar” or the “Company”) (NYSE: BEDU), a global premier education service company, today announced the completion of the merger (the “Merger”) of the Company with Bright Education Mergersub Limited (“Merger Sub”), an exempted company with limited liability incorporated under the laws of the Cayman Islands and a wholly owned subsidiary of Excellence Education Investment Limited (“Parent”), a limited liability company organized and existing under the laws of the British Virgin Islands, pursuant to the previously announced Agreement and Plan of Merger (the “Merger Agreement”), dated as of October 13, 2025, by and among the Company, Parent and Merger Sub.

Under the terms of the Merger Agreement, at the effective time of the Merger (the “Effective Time”), each American depository share of the Company (each, an “ADS”), representing four Class A ordinary shares of the Company (together with the Class B ordinary shares of the Company, the “Shares”), issued and outstanding immediately prior to the Effective Time, other than ADSs representing the Excluded Shares (as defined in the Merger Agreement), together with the underlying Shares represented by such ADSs, was cancelled in exchange for the right to receive US$2.30 in cash per ADS (less US$5.00 for each 100 ADSs (or portion thereof) cancellation fees), without interest and net of any applicable withholding taxes, and each Share of the Company issued and outstanding immediately prior to the Effective Time, other than the Excluded Shares, Shares represented by ADSs and the Dissenting Shares (as defined in the Merger Agreement), was cancelled in exchange for the right to receive US$0.575 in cash per Share without interest and net of any applicable withholding taxes.

Pursuant to the Merger Agreement, at the Effective Time, the Company terminated the 2017 Share Incentive Plan and 2024 Share Incentive Plan adopted by the Company on December 15, 2017 and January 18, 2024, respectively (collectively, the “Company Equity Plan”) and any relevant award agreements entered into under the Company Equity Plan.

Pursuant to the Merger Agreement, at the Effective Time, unless otherwise consented to by the holder of such option, each option to purchase Shares granted under the Company Equity Plan in accordance with the terms thereof (each, a “Company Option”) that was vested, outstanding and unexercised immediately prior to the Effective Time was cancelled in exchange for an amount of cash equal to (i) the excess, if any, of US$0.575 over the exercise price per Share of such Company Option, multiplied by (ii) the number of Shares underlying such Company Option (assuming such holder exercised such vested Company Option in full immediately prior to the Effective Time); provided that if the exercise price of any such Company Option was equal to or greater than US$0.575, such Company Option was cancelled without any payment therefor; and each Company Option unvested or otherwise not exercisable immediately prior to the Effective Time was cancelled for nil consideration.

As a result of the Merger, Bright Scholar became a wholly owned subsidiary of Parent, and the ADSs of the Company no longer trade on the New York Stock Exchange (the “NYSE”).

In connection with the consummation of the Merger, the Company has requested that trading of its ADSs on the NYSE be suspended on [December 16], 2025 (New York time) and that the NYSE file with the Securities and Exchange Commission (the “SEC”) a Form 25 relating to the delisting of the Company’s ADSs from the NYSE to withdraw the Shares from registration under Section 12(b) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). The deregistration will become effective 90 days after the filing of Form 25 or such shorter period as may be determined by the SEC. The Company intends to file a Form 15 with the SEC under the Exchange Act, approximately 10 days following the filing of the Form 25, requesting the deregistration of the Company’s Shares under Section 12(g) of the Exchange Act and the suspension of the Company’s reporting obligations under Section 15(d) of the Exchange Act. The Company’s obligations to file with the SEC certain reports and forms, including Form 20-F and Form 6-K, will be suspended immediately as of the filing date of the Form 15 and will cease once the deregistration becomes effective.

About Bright Scholar Education Holdings Limited

Bright Scholar is a premier global education service group. The Company primarily provides quality international education to global students and equips them with the critical academic foundation and skillsets necessary to succeed in the pursuit of higher education.

For more information, please visit: https://ir.brightscholar.com/. 

Safe Harbor Statement

This announcement contains statements that may constitute “forward-looking” statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, the Company’s business plans and development, which can be identified by terminology such as “may,” “will,” “expect,” “anticipate,” “aim,” “future,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. Bright Scholar 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 Bright Scholar’s beliefs, plans 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: risks and uncertainties discussed in documents filed with the SEC by the Company, including the Schedule 13E-3 transaction statement filed by the Company; the Company’s goals and strategies; the Company’s future business development, financial condition and results of operations; its ability to provide efficient services and compete effectively; its ability to maintain and enhance the recognition and reputation of its brands; general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings 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 as a result of new information, future events or otherwise, except as required under applicable law. 

For investor inquiries, please contact:

IR Contact:
Email: BEDU@thepiacentegroup.com
Phone: +86 (10) 6508-0677/ +1-212-481-2050

Media Contact:
Email: media@brightscholar.com

SEOUL, SOUTH KOREA, Dec. 16, 2025 /PRNewswire/ — The Global Digital Innovation Network (GDIN), in collaboration with the Ministry of Science and ICT (MSIT) and the National IT Industry Promotion Agency (NIPA), announced strong first-year results from the 2025 AI and Digital Transformation Global Proof-of-Concept (PoC) Support Program, highlighting the growing global competitiveness of Korean deep-tech companies through successful overseas pilots.

Launched this year as a new government-backed initiative, the program enables Korean AI and digital transformation (DX) companies to validate their technologies directly within overseas operating environments. Eight companies—Robotware.AI, Monit, Quve17, Tilda, Codepresso, Classum, Tetrasignum, and Triplet—were selected, with most already executing pilot projects alongside international demand partners across education, agriculture and livestock, digital healthcare, and advanced manufacturing.

Unlike conventional overseas expansion programs focused on promotion or exports, the GDIN-led initiative adopts a market-driven global pilot model. Participating companies are required to demonstrate how their solutions address real operational challenges faced by overseas institutions, producing measurable outcomes under local regulatory, environmental, and business conditions. This approach enables startups to validate performance, scalability, and commercial readiness in a way that directly supports global market entry.

A defining feature of the program is its designated-demand structure. GDIN curated a portfolio of pilot opportunities from 29 overseas public and private institutions, allowing startups to apply directly to pre-identified, high-relevance use cases. By removing the need for companies to independently source overseas partners, the program significantly lowers entry barriers, reduces pilot risk, and accelerates execution timelines.

Each selected company receives up to KRW 100 million in funding to support PoC implementation, including personnel costs, prototype development, data generation, and international travel. GDIN provides end-to-end support throughout partner matching, contracting, pilot execution, and performance evaluation, working closely with government agencies to ensure speed and continuity.

Early results underscore the program’s effectiveness. Robotware.AI, a provider of AI- and IoT-based smart livestock automation solutions, has launched a pilot with the Selangor Digital Economy Corporation (SDEC) in Malaysia, validating its fully automated poultry farming platform under Southeast Asia’s challenging climate conditions.

Monit, a digital healthcare company specializing in AI-powered patient monitoring, has begun pilots of its incontinence detection sensor at public hospitals in Singapore, aiming to improve caregiving efficiency and patient outcomes.

Quve17, an AI dental technology company, is conducting pilots in the U.S. and Europe to validate its automated dental prosthetics design and occlusion analysis solutions.

Meanwhile, Tilda, an industrial AI company, is testing its manufacturing process optimization platform at production sites in Germany and Austria, targeting significant improvements in yield, productivity, and energy efficiency.

“These pilots go beyond visibility—they create proof,” said Jongkap Kim, CEO of GDIN. “The experience of validating technology across different cultures, regulations, and industrial environments is a critical asset for startups. This program marks an important starting point for objectively demonstrating the global competitiveness of K-Digital innovation.”

Despite being in its inaugural year, the program is already gaining recognition as a practical pathway to follow-on investment, local subsidiary formation, joint research, and long-term commercial contracts—positioning Korean digital innovators for sustained and scalable global expansion.