SHANGHAI, Dec. 15, 2025 /PRNewswire/ — Everest Medicines (HKEX 1952.HK, “Everest”, or the “Company”), a biopharmaceutical company focused on the discovery, clinical development, manufacturing, and commercialization of innovative therapeutics, today announced the launch of its 2030 Strategy, outlining a comprehensive five-year roadmap to drive sustainable growth. Under this strategy, the Company aims to further deepen its product pipeline, maximize the value of its commercial platform, and advance the globalization of its research and development (“R&D”) and commercialization capabilities.

In parallel, the Company also announced that certain Directors and a substantial shareholder have increased their shareholdings in the Company. On December 12, 2025, Mr. Wei Fu, Non-executive Director, Honorary Chairman of the Board and a substantial shareholder of the Company; Mr. Yifang Wu, Executive Director and Chairman of the Board; Mr. Rogers Yongqing Luo, Executive Director and Chief Executive Officer; and Mr. Ian Ying Woo, Executive Director, President and Chief Financial Officer, collectively acquired 846,659 ordinary shares of the Company through open-market transactions, for a total consideration exceeding HK$38 million, representing an average price of approximately HK$45.01 per Share. In addition, the Company has been informed that CBC Group, a substantial shareholder of the Company, has further undertaken that it plans to increase its shareholding by not more than 1% in aggregate in the following three to six months, subject to the market conditions and compliance with applicable laws and regulatory requirements.

The Board believes that a voluntary share purchase through on-market acquisitions of Shares by the Directors and the undertaking given by CBC Group signify strong confidence in the future prospects and long-term development of the Company.

2030 Strategy Overview

The Company’s 2030 strategy sets out a dual-engine approach to deliver predictable near-term growth and value creation through commercialization of existing assets, business development partnerships, and in-house R&D milestones, while driving long-term growth and value creation through in-house R&D and discovery, as well as global commercial expansion. Everest Medicines will continue to strengthen its leadership in core therapeutic areas, advance the development and commercialization of innovative therapies, and build a globally competitive biopharmaceutical company with sustainable growth.

Everest Medicines focuses on renal, autoimmune, critical care, cardiovascular, and ophthalmic disease area, advancing its pipeline through a combination of in-licensed innovative assets and in-house R&D. By 2030, the Company aims to build a high-value commercial product portfolio while selectively expanding into additional valuable therapeutic areas with blockbuster potential.

The Company has established a portfolio of three commercial products and continues to develop a fully integrated commercial platform covering the entire product lifecycle. By 2030, Everest Medicines targets annual revenue exceeding RMB 15 billion, including approximately RMB 9 billion from its existing pipeline and RMB 6 billion from newly in-licensed assets, while also exploring potential out-licensing opportunities. Revenue is expected to grow at a compound annual growth rate (CAGR) of over 50% from 2025 to 2030 and to remain above 15% thereafter. Over the same period, the number of commercial products is expected to exceed 20, including NEFECON^®, Velsipity^®, XERAVA^®, cefepime–taniborbactam, and Lerodalcibep.

To support its international growth, Everest Medicines is advancing a global strategy focused on strengthening regulatory and clinical development capabilities, while progressively building commercial infrastructure across Europe, the United States, and emerging markets. By 2030, the Company aims to drive growth through a combination of overseas out-licensing and direct commercialization, accelerating its global expansion.

Through this strategy, Everest Medicines aims to strengthen its position in core therapeutic areas and innovative drug R&D, while building a globally competitive biopharmaceutical company with sustainable growth.

As a major shareholder of NovaBridge Biosciences, holding approximately 16% of its issued share capital, the Company will collaborate with NovaBridge Biosciences to identify high-quality assets and enhance global R&D and commercialization capabilities through complementary strengths and resources.

“The 2030 Strategy reflects Everest Medicines’ clear vision for commercialization, R&D, and global expansion, and reinforces the Company’s ability to deliver sustainable value. Since its founding in 2017, the Company has built a strong foundation through in-licensing innovative assets, completing its IPO, and executing a dual-engine strategy focused on high-potential therapeutic areas and strong commercialization and R&D capabilities,” said Mr. Wei Fu, Honorary Chairman of the Board of Everest Medicines and CEO of CBC Group. “CBC Group will continue to leverage its global resources and ecosystem to support the Company’s growth, spanning pipeline advancement, platform building, and organizational expansion. The recent share purchases by the Directors and CBC Group’s announced intention to increase its shareholding further demonstrate strong confidence in Everest Medicines’ long-term prospects.”

“The 2030 Strategy marks a key milestone for Everest Medicines, guiding growth through BD partnerships and in-house R&D to build a larger commercial portfolio and pursue new high-potential blockbuster opportunities. Leveraging its BD capabilities and the CBC ecosystem, the Company plans to add three-to-five late-stage, high-value assets annually, aiming for peak sales within three years of reimbursement, with more than 20 new assets expected to contribute around RMB 6 billion by 2030 and RMB 30 billion by 2035. Our strong balance sheet and cash flow from commercial activities will support the implementation of our strategic initiatives.” said Mr. Yifang Wu, Chairman of the Board of Everest Medicines. “We will also continue to advance our in-house R&D platforms and, through our collaboration with Hasten, strengthen the late-stage pipeline and market reach.”

“Everest has established a scalable commercialization platform integrating medical, access, marketing, and sales capabilities,” said Mr. Rogers Yongqing Luo, Chief Executive Officer of Everest Medicines. “As a chronic disease therapy, NEFECON^® generated over RMB 1 billion in sales during the first three quarters of its first full year following commercial launch, validating our commercial effectiveness. Building on this success, we will extend our commercial model and expertise from renal and anti-infective therapies to additional therapeutic areas, while advancing our in vivo mRNA CAR-T and mRNA tumor vaccine platforms, addressing unmet medical needs in China and globally.”

About Everest Medicines

Everest Medicines is a biopharmaceutical company focused on discovering, developing, manufacturing and commercializing transformative pharmaceutical products and vaccines that address critical unmet medical needs for patients in Asian markets. The management team of Everest Medicines has deep expertise and an extensive track record from both leading global pharmaceutical companies and local Chinese pharmaceutical companies in high-quality discovery, clinical development, regulatory affairs, CMC, business development and operations. Everest Medicines has built a portfolio of potentially global first-in-class or best-in-class molecules in the company’s core therapeutic areas of renal, autoimmune, critical care, cardiovascular, and ophthalmic diseases. For more information, please visit its website at www.everestmedicines.com.

Forward-Looking Statements

This news release may make statements that constitute forward-looking statements, including descriptions regarding the intent, belief or current expectations of the Company or its officers with respect to the business operations and financial condition of the Company, which can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. Such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, or other factors, some of which are beyond the control of the Company and are unforeseeable. Therefore, the actual results may differ from those in the forward-looking statements as a result of various factors and assumptions, such as future changes and developments in our business, competitive environment, political, economic, legal and social conditions. The Company or any of its affiliates, directors, officers, advisors or representatives has no obligation and does not undertake to revise forward-looking statements to reflect new information, future events or circumstances after the date of this news release, except as required by law.

• 62,196 fans attended the 10^th annual King Pro League (“KPL”) Grand Finals, the largest attendance at a single esports event
• Hosted by Tencent and organized by Hero Esports, the Honor of Kings tournament drew crowds from both China and overseas including, but not limited to, Thailand and Australia
• China is home to an esports user base of over 495 million^[1]

SHANGHAI, Dec. 15, 2025 /PRNewswire/ — As the year draws to a close, Hero Esports celebrates the record-breaking success of the KPL 2025 Grand Finals, hosted by Tencent and organized by Hero Esports. 62,196 fans attended the 10^th annual KPL Grand Finals at Beijing’s National Stadium, known as the Bird’s Nest, to set a Guinness World Record for the ‘largest attendance at a single esports event’.

Honor of Kings is both China’s most popular mobile game and the world’s most-played mobile multiplayer online battle arena (MOBA) game.

With tickets selling out in just 12 seconds, the Grand Finals drew a diverse audience. Less than 15% of attendees were local to Beijing, with over 85% traveling from across China and countries such as Vietnam, Thailand, the Philippines and Australia.

The event provided a significant boost to local businesses, with restaurant sales in nearby commercial areas surging 177% year-on-year and hotel bookings rising 143% during the event.

Since the launch of the KPL in 2016, both the league and mobile esports have experienced unprecedentedly fast growth. However, for Hero Esports, investing in mobile gaming and Honor of Kings was a calculated bet from the start.

“About ten years ago, when we founded Hero Esports, we built our vision around two assumptions about the future,” said Danny Tang, CEO and co-founder of Hero Esports, during an interview at the KPL Grand Finals.

“First, we believed that esports would become the future of sports, and we wanted to help build that future. Second, we believed mobile esports would be the engine driving that transformation. From day one, Honor of Kings stood out to us as the title that could take mobile esports to the next level.”

Bringing mobile esports to a world-class stadium like the Bird’s Nest, with its 204,000 square meters of floor area and 258,000 square meters of total construction space, was no small feat. Unlike traditional sporting events, esports competitions demand more from venues: larger and higher-resolution screens, cutting-edge presentation methods, and immersive experiences for fans.

To celebrate nine years with the KPL and Honor of Kings’ tenth anniversary, Hero Esports delivered a landmark opening ceremony that fused cultural artistry with cutting-edge innovation. Inspired by traditional Chinese embroidery, the show transformed an embroidered dragon into a stunning 3D illusion and concluded with a full augmented reality (“AR”) spectacle inside the Bird’s Nest.

Using ten movable mechanical screens, real-time tracking and synchronized effects across 6,000 stage lights and 180,000 lighting parameters, Hero Esports set a new benchmark for live esports production.

The KPL Grand Finals 2025 has become one of the most talked-about esports events of the year, drawing massive attention both onsite and online. The spectacle captivated millions, with key moments from the opening ceremony and the championship match spreading rapidly across social platforms. Several clips went viral—most notably the AR dragon sequence, which alone amassed over millions of likes on Instagram—demonstrating the global reach and cultural resonance of the event.

Providing an outlook on the future of the global esports industry, Danny Tang said: “This is just the first decade of esports’ 100-year journey. The KPL 2025 Grand Finals is both a milestone and a new beginning. We are incredibly excited for what comes next.”

About Hero Esports

Founded in 2016, Hero Esports is the biggest esports company in Asia, producing more than 7,000 matches every year that captivate an online fan base of over 800 million. Headquartered in Shanghai and employing more than 1,100 employees, Hero Esports boasts a global presence encompassing 12 office locations and eight top-tier esports arenas. Hero Esports offers a comprehensive suite of esports services, including tournament organization, marketing solutions, community development, and more.

AUCKLAND, New Zealand, Dec. 15, 2025 /PRNewswire/ — Hobart Airport is leading the way in aviation safety and compliance, partnering with aviation compliance platform OneReg, replacing traditional spreadsheets and manual processes with a tailored, real-time digital system built for long-term scalability.

This transformation marks a significant milestone for Tasmania’s busiest airport, which serves over 2.8 million passengers annually and supports a diverse mix of operations including passenger, freight, charter, aeromedical, and Antarctic flights.

Amid major infrastructure upgrades including a $130 million runway enhancement to accommodate larger aircraft and a $200 million terminal expansion set to double capacity, the need for a smarter, more integrated compliance solution became clear. OneReg’s platform equips Hobart Airport to manage growing operational complexity while further supporting safety and operational efficiency.

Working closely with OneReg, Hobart Airport ensured the new system reflected its own workflows, terminology, and operational structure.

The new system centralises reporting, automates workflows, and provides live dashboards that give airport teams – from frontline staff to senior managers – instant visibility into operations. It has also improved audit readiness, reduced administrative burden, and increased staff engagement. 

“Before OneReg, our compliance and safety reporting lived across multiple systems and spreadsheets,” said Sam Merlo, Operations Compliance Coordinator at Hobart Airport. “What used to take days now takes minutes. OneReg has streamlined our processes, supporting day-to-day operational decisions.”

OneReg’s platform, already purpose-built for aviation, was then configured to Hobart’s specific needs, featuring a single landing page, role-based access, and automated notifications that streamline compliance across the board.

“We worked closely with Hobart Airport to implement a solution that reflected their operational language and structure,” said Clinton Cardozo, CEO at OneReg. “This wasn’t a plug-and-play install – it was a co-designed system that supports Hobart Airport’s strategic growth and compliance goals.”

“That’s how we approach every partnership: by responding to each customer’s unique needs and leveraging the flexibility of the OneReg platform to deliver meaningful, scalable compliance outcomes specific to the organisation.”

The rollout was led by Hobart’s Safety & Compliance team, with support from IT and Operations, and technical integration managed by OneReg.

As Hobart Airport continues to expand its infrastructure and capabilities, OneReg provides the digital backbone to ensure that safety and compliance evolve in lockstep.

OneReg is more than a compliance system – it’s the foundation for smarter airport operations, supporting safety, sustainability, and continuous improvement.

For more information on Hobart Airport’s compliance transformation, read the full case study here.

About OneReg: 

With OneReg, compliance isn’t a checkbox – it’s a state of being that reduces the time, complexity, and human resource cost of staying safe and compliant. The result is safer, smarter, more sustainable aviation. For more information, visit: www.onereg.com.