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Acceleration in Clinical Development! Leads Biolabs’ LBL-034 Dosed First Patient in Phase Ⅱ Trial

NANJING, China, Aug. 25, 2025 /PRNewswire/ — Nanjing Leads Biolabs Co., Ltd. (“Leads Biolabs” or the “Company,” Stock Code: 9887.HK) today announced the first patient has been successfully dosed in the Phase Ⅱ trial of LBL-034 (GPRC5D/CD3 BsAb) following strong Phase Ⅰ data. This milestone endows LBL-034 with the potential to become the first domestic T-cell engager (TCE) therapy targeting GPRC5D.

Innovative Design with Best-in-Class Potential

LBL-034 is a GPRC5D/CD3 bispecific T-cell engager with a uniquely designed 2:1 format. By optimizing anti-CD3 affinity and steric hindrance, LBL-034 effectively redirects and activates T cells to target GPRC5D+ cancer cells, being less prone to inducing nonspecific T-cell activation. This dual advantage—robust antitumor efficacy combined with favorable safety—positions LBL-034 as a best-in-class candidate.

Outstanding Phase Ⅰ Data with Initial Evidence of CAR-T-Like Efficacy

LBL-034 has demonstrated strong efficacy signal and favorable safety profile among over 50 enrolled patients at dose levels up to 1200 μg/kg in its open-label, multi-center, dose-escalation/expansion phase Ⅰ trial for the treatment of relapsed/refractory multiple myeloma (MM). At higher doses, LBL-034 showed a robust objective response rate (ORR) similar to CAR-T treatment. Notably, promising efficacy was also observed in the subgroup of patients with difficult-to-treat extramedullary (EMD) plasmacytomas. Furthermore, the minimal residual disease (MRD) negativity rate was also significantly higher than with current standard of care. The detailed results of this study, including efficacy, safety, PK/PD, biomarker, and exposure-response analyses, will be presented at the 2025 American Society of Hematology Annual Meeting.

Phase Ⅱ Trial Initiated

The Phase Ⅱ trial of LBL-034 is a multi-center, single-arm, multi-cohort clinical trial led by Professor Lu Jin of Peking University People’s Hospital, with participation from over 20 hospitals across China. The trial aims to evaluate the efficacy and safety of LBL-034 in patients with various relapsed/refractory plasma cell neoplasms.

Dr. Charles Cai, Chief Medical Officer of Leads Biolabs, stated: “The successful dosing of the first Phase Ⅱ patient marks a critical step in our TCE pipeline and validates our unique molecular design. We will continue advancing clinical development with high standards to deliver China’s first GPRC5D-targeted TCE therapy, offering patients safer and more effective options.”

Dr. Xiaoqiang Kang, Founder, Chairman and CEO of Leads Biolabs, added, “LBL-034’s exceptional Phase Ⅰ data and smooth Phase Ⅱ initiation underscore the core advantage of our Leadsbody™ platform—conditional activation. This success bolsters confidence in our broader pipeline and accelerates breakthroughs in TCE therapies for solid tumors, hematologic malignancies, and autoimmune diseases. We remain committed to driving innovation and delivering transformative treatments globally.”

About LBL-034

LBL-034 is a bispecific T-cell engager targeting both GPRC5D and CD3 developed using Leads Biolabs’ proprietary LeadsBody™ platform. LBL-034 is designed with a 2:1 format, with two binding sites targeting GPRC5D and one targeting CD3. This design enables LBL-034 to effectively redirect and activate T cells to target GPRC5D+ cancer cells, being less prone to inducing T cell exhaustion and cell death and minimizing the risk of cytokine release syndrome and immunotoxicity.

LBL-034 has exhibited promising efficacy signals in our preclinical studies. According to Frost & Sullivan, as of November 2024, LBL-034 is the second most clinically advanced GPRC5D-targeted CD3 T-cell engager globally and the first in China in terms of clinical progress, and is expected to become the first domestic TCE therapy targeting GPRC5D. LBL-034 obtained the orphan drug designation from the FDA for the treatment of MM in October 2024.

About Leads Biolabs

Founded in 2012, Leads Biolabs is a clinical-stage biotechnology company dedicated to the discovery, development, and commercialization of innovative therapies to address underserved medical needs in oncology, autoimmune, and other severe diseases both in China and globally.

We are a front-runner in next-generation immuno-oncology treatments with a differentiated pipeline of 14 innovative drug candidates, including six clinical-stage drug candidates, of which four lead products are among the top-tier clinically advanced candidates globally.

We adopt a science-driven R&D approach and have successfully established comprehensive R&D capabilities spanning antibody discovery and engineering, in vivo and in vitro efficacy evaluation, as well as druggability assessment. We have also developed multiple proprietary technology platforms, including LeadsBody™ platform (a CD3 T-cell engager platform), X-body™ platform (a 4-1BB engager platform) , Linker-payload (ADC platform), which serve as the cornerstone for our continued innovation and have been validated by the clinical outcomes of our bispecific antibody portfolios.

We have established integrated capabilities across early discovery, translational medicine, clinical development, CMC and business development. The innovative nature and competitive strengths of our drug candidates, coupled with our global perspectives, proactive strategy, and efficient clinical validation, have made us an attractive partner for leading industry players and venture capitals. For more information, please visit https://en.leadsbiolabs.com/

Hong Kong’s Brains, Qianhai’s Muscle: Shenzhen’s Blueprint for Global Innovators


SHENZHEN, CHINA – Media OutReach Newswire – 25 August 2025 – August 26 is the 45th anniversary of the establishment of Shenzhen Special Economic Zone. In Qianhai, Shenzhen, a collaboration model dubbed “Hong Kong’s Brains, Qianhai’s Muscle” by numerous entrepreneurs is continuously fueling the innovation wave in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA). Cutting-edge academic ideas and international frontier research are nurtured in Hong Kong’s laboratories, while Qianhai, just across the river, serves as the core engine that ignites, amplifies, and commercializes these intellectual sparks. With its robust industrial transformation capabilities, open policy environment, and mature industrial chain, Qianhai has bridged the gap between research and market application.

Qianhai Shenzhen-Hong Kong Youth Innovation and Entrepreneur Hub
Qianhai Shenzhen-Hong Kong Youth Innovation and Entrepreneur Hub

In 2024, to mark the 10th anniversary of the Qianhai Shenzhen-Hong Kong Youth Innovation and Entrepreneur Hub (hereinafter referred to as the “E-hub”), Qianhai introduced the innovative “1510 Development Model”, which includes measures such as “HKD 1 for entry and incubation, a HKD 500 million fund, and 100,000 square meters of industrial space”. As of July 31, 2025, the E-hub has hosted 535 teams, incubated a total of 79 national high-tech enterprises, and held the Guangdong-Hong Kong-Macao Youth Innovation and Entrepreneurship Competition for nine consecutive years. Qianhai has become a magnet for Hong Kong’s young entrepreneurial teams, whose success stories go beyond physical incubation spaces. They embody a cross-border innovation ecosystem where Hong Kong’s cutting-edge intellect merges with Qianhai’s dynamic execution power. This is underpinned by a series of pioneering policies and measures, such as China’s first fast-track grant program for cross-border patents and the Guangdong-Hong Kong-Macao International Technology Transfer Center.

Among these success stories is INSPRO, founded by Hong Kong youth Elvis Yu. His entrepreneurial vision,which began in a Hong Kong laboratory, aims to address global protein shortages and waste disposal challenges through an industrialized insect bioconversion system that transforms organic waste into high-value protein. After establishing its base in the E-hub in 2020, the company fully leveraged Qianhai’s support in talent introduction, startup costs, and tax incentives. Today, it is running a 40,000-square-meter smart factory that processes 30 metric tons of organic waste daily, with its protein feed products exported to North American markets.

Another beneficiary of this innovation hub is i2Cool, which originated from a team at City University of Hong Kong. Amidst deepening Shenzhen-Hong Kong connectivity, the company adopted a distinctive development model of “R&D in Hong Kong and commercialization in Shenzhen” to fully leverage the strengths of both regions. Within three years, the company transformed its technology into multi-dimensional green cooling solutions covering coatings, window films, rolled materials, and textiles, with a cumulative application area exceeding 400,000 square meters.

Prevision, a company specializing in AI-powered visual inspection, was founded by a team from the Hong Kong Applied Science and Technology Research Institute Company Limited (ASTRI). This March, attracted by Qianhai’s innovative “1510 Development Model”, the company relocated to the E-hub. By leveraging the office space and customized renovation support under the “HKD 1 for entry and incubation” mechanism, the company has managed to reduce operational costs, intensify R&D efforts, and accelerate technology application. This case vividly demonstrates the positive impact of Qianhai’s policies on sci-tech innovation development in the GBA.

Behind the success of these companies is the robust support of Qianhai’s cross-border innovation ecosystem. Specifically, a full-chain legal service system has been established to assist companies in accessing intellectual property services for rights confirmation, protection, and commercialization. A cross-border data verification platform has been created to ensure compliant data flow between Shenzhen and Hong Kong and serve as a digital bridge connecting domestic and international markets.

Qianhai Avenue
Qianhai Avenue

As these ecological advantages continue to deepen, Qianhai is presenting an increasingly clear and compelling blueprint to global innovators. As the “bridgehead” of Shenzhen-Hong Kong cooperation, Qianhai has built a cross-border data verification platform to facilitate data flow in sectors such as healthcare and finance. 26 categories of professionals from Hong Kong and Macao, including registered architects, tax consultants, and tour guides, are allowed to practice in Qianhai upon registration without taking qualification exams in the Chinese mainland. Considerable support has been offered to Hong Kong and Macao universities in establishing incubation institutions and funds to accelerate the commercialization of research results. Supported by equity trading platforms and empowerment centers, a number of professional institutions in accounting, consulting, and other fields have gathered here to help Hong Kong enterprises integrate into the mainland market. The Qianhai Shenzhen-Hong Kong International Legal Services District has been established to ensure alignment with relevant regulations and safeguard cross-border rights and interests. All these measures have perfectly bridged regulatory differences, thereby enabling the seamless integration of “Hong Kong’s Brains” and “Qianhai’s Muscle”.

Qianhai isn’t just a land of opportunity—it’s a stage where global innovators shine. The district is forging its distinct characters of “Hong Kong flair, an international vibe, coastal charm, modernity, and futurism”. The future of cross-border innovation is gradually turning into a tangible reality through every connection, every policy, and every entrepreneurial story in Qianhai.

The issuer is solely responsible for the content of this announcement.

Preview of the 2025 CIFTIS: Key Highlights Revealed in Advance


BEIJING, CHINA – Media OutReach Newswire – 25 August 2025 – The Shougang Park, a former industrial site transformed into an “urban showcase,” will welcome the 2025 China International Fair for Trade in Services (2025 CIFTIS) this September. The annual theme of this year’s event is “Embrace Intelligent Technologies, Empower Trade in Services,” with over 800 companies already expressing interest in participating offline.

The Shougang Park, photographed on August 11 by Zhang Chenlin, Xinhua News Agency.
The Shougang Park, photographed on August 11 by Zhang Chenlin, Xinhua News Agency.

With less than a month remaining before the opening of CIFTIS, how are preparations progressing, and what new highlights can be expected from the exhibitions? Reporters conducted on-site visits for a closer look.

More Open: New Entry Policies to Facilitate International Engagement

It was learned that exhibitor recruitment for both the thematic and specialized exhibitions has been largely completed. Nearly 70 countries and international organizations have indicated their intention to participate by setting up booths or hosting events. The nine major specialized exhibitions have attracted interest from more than 800 companies to exhibit offline, including over 330 Fortune Global 500 companies and leading industry enterprises. The overall internationalization rate of the exhibition exceeds 20%, covering 24 of the top 30 countries and regions in global service trade.

Yang Huasen, Spokesperson of Beichen Group, stated that over 170 forums, conferences, and promotional events have already been scheduled. More than 70 companies, including Schneider Electric, have applied to release over 130 new products and achievements during the event.

To further facilitate international engagement, this year’s CIFTIS continues to expand on entry facilitation measures initiated last year, such as setting up immigration service counters at the venue. This year, seven new convenience measures will be implemented, including: allowing foreign participants with official invitations to apply for port visas at Beijing Capital International Airport and Beijing Daxing International Airport; offering online accommodation registration services for foreign visitors; and streamlining the business travel filing process for Chinese enterprises attending events in Hong Kong and Macau.

Australia, as the guest of honor country, will have an unprecedented exhibition scale at this year’s event. Nearly 60 institutions and enterprises will form the Australian National Pavilion. Daniela Assis, the Economic and Commercial Counselor of the Australian Embassy in China, expressed: “The bilateral trade relationship between Australia and China is marked by strong complementarity, with stable cultural ties and significant achievements in cooperation across various fields. Australia is honored to be the guest of honor at the 2025 CIFTIS and looks forward to more communication and exchanges with attendees and visitors.”

Dale Pinto, the Global President and Chairman of the Board of CPA Australia, remarked, “CIFTIS provides a platform for us to enhance our brand recognition, engage with other organizations, and explore new cooperation opportunities. Participation in the fair not only raises the visibility of CPA Australia but also strengthens our relationship with Chinese partners, laying a solid foundation for future development.”

More Focused: From “Two Venues” to “One Unified Venue”

In contrast to previous CIFTIS events, which were held at both the National Convention Center and Shougang Park, this year’s event will be held entirely at Shougang Park in Shijingshan District, Beijing. Since CIFTIS moved to Shougang Park in 2021, the venue has fostered a new ecosystem for integrated consumption across culture, business, sports, tourism, and entertainment, covering the full spectrum of “eat, stay, travel, shop, and enjoy.”

Jiang Nan, Deputy General Manager of Shougang Group Co., Ltd., explained that Shougang Park will fully host CIFTIS activities this year. The core exhibition area will exceed 100,000 square meters, with green spaces and public areas also open to the public. These spaces are designed to foster human-to-human and human-to-scene interactions, enhancing the overall attendee experience. “We are upgrading Shougang Park to version 5.0 for the fair, planning a convention town, and creating a new exhibition ecosystem by integrating the ‘Two Parks and One River’.”

The CIFTIS mascot “Fu Yan,” photographed on August 11 by Zhang Chenlin, Xinhua News Agency, at the 2025 CIFTIS media briefing.
The CIFTIS mascot “Fu Yan,” photographed on August 11 by Zhang Chenlin, Xinhua News Agency, at the 2025 CIFTIS media briefing.

In addition to optimizing and upgrading the spatial layout, Shougang Park has also introduced a double-decker sightseeing bus and enhanced the night view framework of “Two Axes—Two Zones—Two Lakes—Multiple Centers.” Scenic viewpoints will be established to meet the quick transfer and sightseeing needs of visitors. The Shougang Park Operations Service Center has integrated data on foot traffic, vehicle flow, and other aspects of the exhibition area, enabling centralized scheduling and further improving service quality.

Hu Hao, Deputy District Governor of Shijingshan District, explained that the district has fully coordinated local resources, driving improvements with a dual approach of technology and services. Focus is being placed on key areas such as transportation, accommodation, and dining to enhance support capabilities. “There are currently 72 specialty restaurants around Shougang Park. During CIFTIS, temporary commercial facilities will be added in areas like Gaoxian Park and the Ski Jump site to meet the diverse dining needs of attendees.”

More Integrated: Multi-faceted Integration of Culture, Business, Tourism, and Sports Creates Diverse Consumption Scenarios

Beijing is also leveraging the CIFTIS platform to create diverse service consumption scenarios. Wan Weiwei, Deputy Director of the Beijing International Trade in Services Affairs Center, noted: “By emphasizing interactive experiences, CIFTIS will integrate service consumption with culture, business, and tourism, using unique venues such as blast furnaces to host engaging activities.”

Lin Zengwei, Second-Level Inspector at the Beijing Municipal Bureau of Culture and Tourism, added that over 40 supporting events will be held across Beijing, including cultural tourism and sports activities. At the heart of this is Shougang Park, which will host 11 unique activities, such as events at Big Air Shougang, to further enrich sectors like “ticket-stub economy” and “night economy.”

During CIFTIS, business negotiations, exploring the history of the Beijing West Ancient Path, and enjoying the Olympic spirit at Big Air Shougang… The “Big Air Shougang—Moshikou Camel Caravan Road—Shougang Industrial Heritage” Themed Tourism Route in Western Beijing is being planned to integrate culture, tourism, and consumption. During the event, Beijing will organize business inspection tours for exhibitors and visitors, focusing on areas such as technological empowerment, investment promotion, industrial tourism, cultural heritage, and the night economy. Around 10 business inspection routes will be designed and launched.

To strengthen the interconnection between CIFTIS and the surrounding areas, Shijingshan District will also open a special driverless transport service, connecting the exhibition area with the Yongding River waterfront. This initiative is part of a broader effort to connect the fair with surrounding cultural and ecological attractions. Projects like the Xishan Yongding River Cultural Belt Greenway in Shijingshan will be showcased before the fair opens, providing an enhanced visitor experience and easier access to cultural and natural attractions.
Hashtag: #CIFTIS

The issuer is solely responsible for the content of this announcement.

Sigenergy’s Modular C&I Solar-Storage Solution Drives Sustainable Aquaculture

SANYA, China, Aug. 25, 2025 /PRNewswire/ — Sigenergy, a leading energy innovator, successfully hosted the highly anticipated Sigenergy Day APAC in Hainan, where over 300 industry professionals, partners, clients, and media representatives gathered to explore the future of solar-storage integration. The event provided a platform for discussing emerging trends and opportunities in the renewable energy sector, with a special focus on Sigenergy’s cutting-edge C&I energy storage solution.

Sigenergy Deploys Modular C&I Solar-Storage System in Hainan
Sigenergy Deploys Modular C&I Solar-Storage System in Hainan

A major highlight of the event was the tour of a pioneering seawater fish farming project, powered by Sigenergy’s C&I inverters and SigenStack energy storage system. This project integrates 6 MW of solar power with 5 MWh of storage, showcasing the transformative potential of renewable energy in non-traditional sectors and marking a significant advancement in sustainable energy deployment for aquaculture.

Optimizing Costs in Seawater Fish Farming with Solar-Storage

The farm, which cultivates the high-value Leopard Coral Grouper, requires precise environmental control to ensure the survival of the fish. This includes maintaining a constant water temperature, continuous oxygenation, and carefully regulated light penetration. With daily energy consumption reaching 43,200 kWh and annual energy usage exceeding 15 million kWh, the farm faces significant operational costs.

Sigenergy’s solar-storage technology provides a cost-efficient and environmentally sustainable alternative, drastically reducing reliance on traditional power grids and enabling the farm to meet its energy demands while lowering operational costs.

Addressing Unique Challenges with Sigenergy’s Modular Energy Solutions

The project site presented several unique challenges due to its environment, which conventional energy storage systems could not address. Sigenergy’s modular and flexible approach to energy storage proved essential in overcoming these obstacles:

  • Space constraints: The narrow fishpond corridors made traditional, bulky container-based storage systems impractical. Sigenergy’s modular storage solution, which features plug-and-play connectors, was able to fit seamlessly into these tight spaces, maximizing the use of available land, and perfectly fit into the narrow corridors.
  • Transport and installation: The farm’s proximity to water networks made it impossible for large machinery to access the site. Traditional energy systems that rely on cranes and heavy equipment were not feasible. Sigenergy’s modular units, however, allowed for easy installation without special cranes. The entire system was installed in just four days, showcasing the ease and speed of Sigenergy’s deployment process.
  • Foundation and load-bearing: The site’s sandy soil posed a risk of overloading the foundation, leading to potential long-term structural risks and safety concerns. Sigenergy’s lightweight, modular storage units are designed to evenly distribute weight, ensuring minimal impact on the site’s structural integrity and making it suitable for installation on unstable ground.
  • Corrosion resistance: Located just 300 meters from the coast, the site is exposed to high humidity and salt levels, posing significant corrosion risks. Sigenergy’s system is equipped with IP66 and C5-M protection ratings, providing robust defense against saltwater corrosion and ensuring long-term durability in harsh environmental conditions.

Expanding the Reach of C&I Solar-Storage Solutions Worldwide

This innovative solar-storage project not only provides the farm with a stable, cost-effective source of clean energy but also serves as a model for sustainable solutions in industries with unique energy needs. By demonstrating the practical application of solar-storage integration in challenging environments, it highlights the potential of these technologies to drive sustainability across diverse sectors and regions.

LRQA Ignites Cybersecurity Conversations at CISO Singapore 2025

SINGAPORE, Aug. 25, 2025 /PRNewswire/ — LRQA made a powerful impact on August 19 and 20 at CISO Singapore 2025, where over 400 cybersecurity leaders gathered to shape the future of digital defence. Held at the iconic Marina Bay Sands, the two-day event was a melting pot of innovation, strategy, and collaboration — and LRQA was right at the heart of it.

LRQA team at CISO Singapore 2025
LRQA team at CISO Singapore 2025

LRQA’s booth was a vibrant hub of insight, where the expert team shared practical, cutting-edge strategies on cyber resilience, adaptive security, and breach readiness, drawing strong interest from attendees across the industry.

The event’s key themes aligned perfectly with LRQA’s mission to empower organizations with smarter, stronger security frameworks:

  • Cyber Resilience: Unmasking threats and aligning security with business goals.
  • Adaptive Security: Staying ahead of emerging risks with agile, tech-forward defense strategies.
  • Risk Governance: Building robust governance models that empower teams and mitigate threats.
  • Breach Readiness: Equipping businesses to detect, respond, and recover with confidence.

“CISO Singapore was more than just an event, it was a catalyst for meaningful conversations and future-forward thinking,” said Fotis Kampouris, Executive Vice President – Asia Pacific, LRQA. “It’s inspiring to see our team connecting with so many passionate professionals who are driving meaningful change in cybersecurity.”

LRQA’s presence underscored its commitment to helping organizations navigate the complexities of today’s threat landscape with clarity and confidence. As the cybersecurity world continues to evolve, LRQA remains a trusted partner in building resilient, adaptive, and governance-driven security ecosystems.

About LRQA

LRQA, is a leading global assurance provider bringing together expertise in brand assurance, certification, cybersecurity, inspection, and training – to help its customers negotiate a rapidly changing world. Operating in more than 120 countries and recognised by over 30 accreditation bodies worldwide, LRQA covers almost every sector, helping customers around the world to manage risk.

For more information, visit https://www.lrqa.com/ 

Media Contact:
Hasan Surve

Regional Marketing Manager – APAC, LRQA

hasan.surve@lrqa.com 

Photo: https://laotiantimes.com/wp-content/uploads/2025/08/lrqa.jpg
Logo: https://mma.prnewswire.com/media/1994890/5391521/LRQA_Logo.jpg

Potential Listing of China Yuchai’s Subsidiary

SINGAPORE, Aug. 25, 2025 /PRNewswire/ — China Yuchai International Limited (NYSE: CYD) (“China Yuchai” or the “Company”), wishes to announce that one of its indirect subsidiaries is considering a potential listing (the “Potential Listing Subsidiary”) on a foreign stock exchange (the “Potential Listing”). The Potential Listing Subsidiary has commenced preparatory work for the purposes of the Potential Listing.

The Potential Listing is in its preliminary stages and is dependent on, inter alia, the results of the due diligence to be carried out on the Potential Listing Subsidiary and other preparatory work to be undertaken, including any corporate reorganization, requisite approvals from the relevant regulatory authorities being obtained as well as the then-prevailing market conditions. Accordingly, there is no certainty or assurance that the Potential Listing will materialise in due course or at all.

***

This announcement is not an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration. Any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from the issuer or the selling security holders and that will contain detailed information about the issuer and management, as well as financial statements. The issuer does not intend to register any part of the proposed offering in the United States.

About China Yuchai International

China Yuchai International Limited, through its subsidiary Guangxi Yuchai Machinery Company Limited (“Yuchai”), is one of the leading powertrain solution providers in China. Yuchai specializes in the design, manufacture, assembly, and sale of a wide variety of light-, medium- and heavy-duty engines for trucks, buses, pickups, construction and agricultural equipment, and marine and power generation applications. Yuchai offers a comprehensive portfolio of powertrain solutions, including but not limited to diesel, natural gas, and new energy products such as pure electric, range extenders, and hybrid and fuel cell systems.  Through its extensive network of regional sales offices and authorized customer service centers, Yuchai distributes its engines directly to auto OEMs and distributors while providing after-sales services across China and globally.  Founded in 1951, Yuchai has established a reputable brand name, built a strong research and development team, and achieved a significant market share in China. Known for its high-quality products and reliable after-sales support, Yuchai has also expanded its footprint into overseas markets.  In 2024, Yuchai sold 356,586 engines, further solidifying its position as a leading manufacturer and distributor of engines in China.  For more information, please visit http://www.cyilimited.com.

Safe Harbor Statement:

This news release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words “believe”, “expect”, “anticipate”, “project”, “targets”, “optimistic”, “confident that”, “continue to”, “predict”, “intend”, “aim”, “will” or similar expressions are intended to identify forward-looking statements. All statements other than statements of historical fact are statements that may be deemed forward-looking statements. These forward-looking statements, including, but not limited to, statements concerning China Yuchai’s and the joint venture’s operations, financial performance and condition, are based on current expectations, beliefs and assumptions which are subject to change at any time. China Yuchai cautions that these statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors such as government and stock exchange regulations, competition, political, economic and social conditions around the world and in China, including those discussed in China Yuchai’s Form 20-Fs under the headings “Risk Factors”, “Results of Operations” and “Business Overview” and other reports filed with the Securities and Exchange Commission from time to time. All forward-looking statements are applicable only as of the date they are made and China Yuchai specifically disclaims any obligation to maintain or update the forward-looking information, whether of the nature contained in this release or otherwise, in the future.

For more information:

Investor Relations
Kevin Theiss
Tel: +1-212-510-8922
Email: cyd@bluefocus.com

OneConnect Named to IDC China FinTech Emerging 50 for Sixth Consecutive Year

HONG KONG, Aug. 25, 2025 /PRNewswire/ — OneConnect Financial Technology Co., Ltd. (“OneConnect”) has been named to the IDC China FinTech Emerging 50 for the sixth consecutive year, reflecting its continuous innovation and growth in the financial technology sector.

Delivering End-to-End Digital Solutions

OneConnect provides end-to-end integrated technology solutions for financial institutions, covering digital banking, digital insurance, and digital infrastructure through its Gamma Platform. These solutions help financial institutions accelerate their digital transformation.

The company believes its unique “business + technology” model represents a core competitive advantage—one that drives customer engagement and supports the acquisition of new business.

Global Expansion and Strategic Partnerships

OneConnect has built a strong presence across Southeast Asia, the Middle East, and Africa. As of June 2025, its international business covered 20 countries and regions, serving 214 financial institution clients.

  • South Africa: OneConnect is deepening its partnership with Old Mutual, expanding from the Omni channel Agent Solution platform project to other customer service platforms project, driving the digital upgrade of insurance operations.
  • Southeast Asia: Following a renewed cooperation agreement with CIMB Philippines on its core banking system, both sides will strengthen collaboration over the next four years in key areas including system operations, upgrades, cybersecurity, and data management.
  • Hong Kong: OneConnect signed agreements with two local banks. A leading Hong Kong bank has adopted OneConnect’s eKYC anti-fraud solution under a SaaS model. Once launched, the solution is expected to support online authentication for more than 70% of Hong Kong’s retail banking users, marking a breakthrough for OneConnect’s SaaS subscription model in the high-end market. Another partnership introduces OneConnect’s eKYC and AIGC deepfake detection technology to support secure remote account opening and identity verification for Hong Kong, Macao, and mainland China residents—representing the first overseas deployment of the company’s anti-deepfake solution.

Auto Ecosystem Development in Southeast Asia

A highlight of OneConnect’s international expansion is its partnership with a leading Vietnamese transportation group to co-develop a digital auto ecosystem platform. Covering key scenarios such as new and used car transactions, auto financing, insurance, maintenance, car wash, and lifestyle services, the platform aims to become a benchmark project for Southeast Asia’s auto sector.

This initiative demonstrates the replicability and sustainability of OneConnect’s technology while advancing the integration of finance and the real economy in emerging markets.

Looking Ahead

Moving forward, OneConnect will prioritize the financial technology and artificial intelligence industries with a focus on financial institution customers while broadening its ecosystem and international presence. With sustained investments in research and development, coupled with accumulated business know-how and customer insights, the Company aims to expand customer base and boost third-party revenue growth over the long term.

New mtu Series 2000 High Horsepower Engines Produced by MTU Yuchai Power Launched

SINGAPORE, Aug. 25, 2025 /PRNewswire/ — China Yuchai International Limited (NYSE: CYD) (“China Yuchai” or the “Company”), one of the largest powertrain solution manufacturers through its main operating subsidiary in China, Guangxi Yuchai Machinery Company Limited (“Yuchai”), announced that MTU Yuchai Power Co., Ltd. (“MYP”) successfully launched the first batch of the mtu Series 2000 engine. This first batch is being delivered to customers, marking the further expansion of MYP’s product line.

MYP is a 50/50 joint venture between Yuchai’s Marine and Genset Power subsidiary and Rolls-Royce’s Power Systems division.  The current mtu Series 4000 engines have been highly recognized by customers in the high-end power generation market.  Its production has increased in quantity every year, with cumulative production since its inception exceeding 3,000 units.

With the commencement of the Phase II development last year, MYP has produced and will produce the new mtu Series 2000 engines at its Suzhou plant, and is expanding production and sales of the mtu Series 4000 S83 oil and gas engines at its Yulin plant.  Both the new mtu Series 2000 engines and the mtu Series 4000 S83 engines rolled off the production line this year, enriching MYP’s product portfolio and expanding its application areas.

The new mtu Series 2000 engine produced by MYP is suitable both as a primary and a backup solution for power generation applications.  It features high-power performance, excellent fuel efficiency, and outstanding stability.  Its launch and market entry  injects new momentum into the rapid development of MYP.

Mr. Weng Ming Hoh, President of China Yuchai, commented, “High-horsepower engine sales have been a key growth driver.  With the inclusion of these new engines, we are better positioned to further expand our customer base and sustain long-term sales growth.”

About China Yuchai International

China Yuchai International Limited, through its subsidiary Guangxi Yuchai Machinery Company Limited (“Yuchai”), is one of the leading powertrain solution providers in China. Yuchai specializes in the design, manufacture, assembly, and sale of a wide variety of light-, medium- and heavy-duty engines for trucks, buses, pickups, construction and agricultural equipment, and marine and power generation applications. Yuchai offers a comprehensive portfolio of powertrain solutions, including but not limited to diesel, natural gas, and new energy products such as pure electric, range extenders, and hybrid and fuel cell systems.  Through its extensive network of regional sales offices and authorized customer service centers, Yuchai distributes its engines directly to auto OEMs and distributors while providing after-sales services across China and globally.  Founded in 1951, Yuchai has established a reputable brand name, built a strong research and development team, and achieved a significant market share in China. Known for its high-quality products and reliable after-sales support, Yuchai has also expanded its footprint into overseas markets.  In 2024, Yuchai sold 356,586 engines, further solidifying its position as a leading manufacturer and distributor of engines in China.  For more information, please visit http://www.cyilimited.com.  

Safe Harbor Statement:

This news release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words “believe”, “expect”, “anticipate”, “project”, “targets”, “optimistic”, “confident that”, “continue to”, “predict”, “intend”, “aim”, “will” or similar expressions are intended to identify forward-looking statements. All statements other than statements of historical fact are statements that may be deemed forward-looking statements. These forward-looking statements, including, but not limited to, statements concerning China Yuchai’s and the joint venture’s operations, financial performance and condition, are based on current expectations, beliefs and assumptions which are subject to change at any time. China Yuchai cautions that these statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors such as government and stock exchange regulations, competition, political, economic and social conditions around the world and in China, including those discussed in China Yuchai’s Form 20-Fs under the headings “Risk Factors”, “Results of Operations” and “Business Overview” and other reports filed with the Securities and Exchange Commission from time to time. All forward-looking statements are applicable only as of the date they are made and China Yuchai specifically disclaims any obligation to maintain or update the forward-looking information, whether of the nature contained in this release or otherwise, in the future.

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Investor Relations
Kevin Theiss
Tel: +1-212-510-8922
Email: cyd@bluefocus.com