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Ispire Technology Inc. Reports Financial Results for Fiscal First Quarter 2026

Cost cutting measures instituted in Fiscal 2025 helped cut total operating expenses by approximately 39% to $7.8 Million year-over-year

Net Accounts Receivable Reduced approximately 29% from $62.4 Million to $44.5 Million Year-Over-Year

Cash and Cash Equivalents of $22.7 Million at September 30, 2025 

LOS ANGELES, Nov. 6, 2025 /PRNewswire/ — Ispire Technology Inc. (NASDAQ: ISPR) (“Ispire,” the “Company,” “we,” “us,” or “our”), an innovator in vaping technology and precision dosing, today reported financial results for the first quarter of fiscal 2026, for the three months ended September 30, 2025.

Fiscal First Quarter 2026 Financial Results

  • Revenue of $30.4 million versus $39.3 million for the first quarter of fiscal 2025.
  • Gross profit of $5.1 million compared to $7.7 million for the first quarter of fiscal 2025.
  • Gross margin of 17.0% compared to 19.5% for the first quarter of fiscal 2025.
  • Total operating expenses of $7.8 million compared to $12.9 million for the first quarter of fiscal 2025.
  • Net loss of $3.3 million, compared to net loss of $5.6 million in the first quarter of fiscal 2025.

“Our first fiscal quarter 2026 results demonstrate the steps we instituted in fiscal 2025 to strengthen our financial foundation and position Ispire for sustainable, profitable growth are taking effect,” commented Michael Wang, Co-Chief Executive Officer of Ispire. “We made a deliberate decision to focus on quality customers over volume, and while revenue of $30.4 million reflects this strategic shift, the operational improvements are substantial. Our total operating expenses decreased significantly to $7.8 million compared to $12.9 million in the same period last year, a reduction of nearly 39% while our net accounts receivable declined approximately 29% from $62.4 million as of September 30, 2024 to $44.5 million as of September 30, 2025. This improvement was a direct result of our focus on aggressive cost controls, disciplined expense management, and higher quality customers, while bringing our non-GAAP EBITDA to $0.6 million for the quarter ended September 30, 2025. We expect this trend to continue through fiscal 2026.”

“From an operations standpoint, our IKE Tech joint venture is gaining meaningful traction globally, working with regulators in Europe, Southeast Asia, and the Middle East to adopt age-gating technology as a mandatory standard. We are in deep discussions with numerous large and medium-sized nicotine companies regarding our innovative G-Mesh technology solutions for their next-generation vaping devices, as we aim to secure licensure and/or partnership agreements in the coming months. Lastly, we remain excited about the build-out of our Malaysian manufacturing facility as we look to ramp up production in fiscal 2026,” Mr. Wang concluded.

Jay Yu, Chief Financial Officer of Ispire, said, “This quarter represents a significant milestone in our financial transformation. The substantial reduction in operating expenses from $12.9 million to $7.8 million year-over-year demonstrates that our cost optimization initiatives are delivering significant results. We also reduced net accounts receivable to $44.5 million as of Septmber 30, 2025 versus nearly $62.4 million as of September 30, 2024, as we continue to focus on improving working capital and pursuing higher-quality customers. We remain committed to generating shareholder value through sustainable cash flow generation and continued balance sheet strengthening.”

Financial Results for the Fiscal First Quarter Ended September 30, 2025

Ispire reported revenue of $30.4 million for the fiscal first quarter ended September 30, 2025, versus $39.3 million for the prior comparable period, a decrease of 22.8%. The decrease in revenue is the combined effect of decreases in product sales in the United States as well as a decrease in vaping product sales across Asia Pacific, Europe and South Africa. 

For the first quarter of fiscal 2026, gross profit was $5.1 million compared to $7.7 million in the year-ago period. Gross margin decreased to 17.0% compared to 19.5% for the first quarter of fiscal 2025. The decrease in gross margin was primarily due to changes in product mix with less higher margin products being sold during the three months ended September 30, 2025.

Total operating expenses were $7.8 million for the first fiscal quarter of 2026, compared to $12.9 million for the same period last year.

Net loss was $3.3 million or $0.06 per share for the fiscal first quarter of 2026, versus a net loss of $5.6 million, or $0.10 per share for the fiscal first quarter of 2025.

At September 30, 2025, Ispire held cash and cash equivalents of $22.7 million and working capital of $9.3 million

Non-GAAP First Quarter Net Income/loss

 Three Months Ended

  September 30,

2025

2024

NET LOSS

(3,258,863)

(5,595,016)

Add Credit Loss Expenses

1,764,252

3,102,081

Add Income Tax

486,069

456,753

Add Stock based compensation

938,148

2,007,588

Add Inventory Impairment

423,457

73,692

Add Depreciation and Amortization

253,410

204,807

Add Debt issuance cost amortization

32,312

NON-GAAP EBITDA

638,785

249,905

Management’s Explanation of Non-GAAP Financial Measures

The Company believes that presenting Non-GAAP financial information provides meaningful supplemental data that assists investors in understanding its operating results. The adjustments to GAAP net loss primarily include non-cash expenses or non-recurring items that management believes are not indicative of ongoing performance. The following non-GAAP financial measures should be considered in addition to, and not as a substitute for, the most directly comparable GAAP financial measures. We believe these non-GAAP financial measures, when used in conjunction with their most directly comparable GAAP financial measures, net income (loss), provide meaningful supplemental information to both management and investors, facilitating the evaluation of performance across reporting periods, identify trends affecting our business, and project future performance. These non-GAAP financial measures may be different from non-GAAP financial measures used by other companies. Specifically, the adjustments include:

  • Credit loss expenses, a non-cash item, which reflect provisions recorded under the Company’s CECL methodology and may vary significantly as the Company develops additional historical experience.
  • Income tax expense, which can fluctuate based on jurisdictional mix and timing of taxable income.
  • Stock-based compensation, a non-cash expense related to equity awards.
  • Inventory impairment, representing non-cash write-downs of certain slow-moving or obsolete inventory.
  • Depreciation, which is a non-cash charge related to fixed assets.
  • Debt issuance cost amortization, which is a non-cash charge related to the loan payable.

Conference Call

The Company will conduct a conference call at 8:00 am Eastern Time on Thursday, November 6, 2025, to discuss the results, followed by a Q&A session.

To listen to the conference call, please dial in using the information below. When prompted upon dialing-in, please ask for the “Ispire Technology Call.”

  • Date: Thursday, November 6, 2025
  • Time: 8:00am ET
  • Dial-In Numbers: North America 844-826-3033 or International +1 412-317-5185

This conference call will be webcast live and can be accessed by all interested parties at https://viavid.webcasts.com/starthere.jsp?ei=1738889&tp_key=82f919c8ba.

Please access the link at least fifteen minutes prior to the start of the call to register, download, and install any necessary audio software.

A playback will be available until 12:00 midnight Eastern Time on Thursday, November 20, 2025. To listen, please dial 844-512-2921 or +1 412-317-6671. Use the passcode 10203874 to access the replay.

About Ispire Technology Inc.
Ispire is engaged in the research and development, design, commercialization, sales, marketing and distribution of branded e-cigarettes and cannabis vaping products. The Company’s operating subsidiaries own or license more than 400 patents worldwide. Ispire’s branded e-cigarette products are marketed under the Aspire name and are sold worldwide (except in the U.S., People’s Republic of China and Russia) primarily through its global distribution network. The Company also engages in original design manufacture (ODM) relationships with e-cigarette brands and retailers worldwide. The Company’s cannabis products are marketed under the Ispire brand name primarily on an ODM basis to other cannabis vapor companies. Ispire sells its cannabis vaping hardware in the US, Europe and South Africa and it recently commenced marketing activities and customer engagement in Canada and Latin America. For more information, visit www.ispiretechnology.com or follow Ispire on InstagramLinkedInTwitter and YouTube.

Forward Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (“Securities Act”) as well as Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, as amended, that are intended to be covered by the safe harbor created by those sections. Forward-looking statements, which are based on certain assumptions and describe the Company’s future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as “believe,” “expect,” “may,” “will,” “should,” “would,” “could,” “seek,” “intend,” “plan,” “goal,” “project,” “estimate,” “anticipate,” “strategy,” “future,” “likely” or other comparable terms, although not all forward-looking statements contain these identifying words. All statements other than statements of historical facts included in this press release regarding the Company’s strategies, prospects, financial condition, operations, costs, plans and objectives are forward-looking statements. Important factors that could cause the Company’s actual results and financial condition to differ materially from those indicated in the forward-looking statements. Such forward-looking statements include, but are not limited to, risks and uncertainties including those regarding: whether the Company may be successful in re-entering the U.S. ENDS market; the approval or rejection of any PMTA submitted by the Company; whether the Company will be successful in its plans to further expand into the African market; whether the Company’s joint venture with Touch Point Worldwide Inc. d/b/a/ Berify and Chemular Inc. (the “Joint Venture”) may be successful in achieving its goals as currently contemplated, with different terms, or at all; the Joint Venture’s ability to innovate in the e-cigarette technology space or develop age gating or age verification technologies for nicotine vaping devices; the Company’s ability to collect its accounts receivable in a timely manner; the Company’s business strategies; the ability of the Company to market to the Ispire ONE™; Ispire ONE™’s success in meeting its goals; the ability of its customers to derive the anticipated benefits of the Ispire ONE™ and the success of its products on the markets; the Ispire ONE™ proving to be safe; and the risk and uncertainties described in “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” “Cautionary Note on Forward-Looking Statements” and the additional risk described in Ispire’s Annual Report on Form 10-K for the year ended June 30, 2025 and any subsequent filings which Ispire makes with the SEC. You should not rely upon forward-looking statements as predictions of future events. The forward-looking statements made in this press release relate only to events or information as of the date on which the statements are made in this press release. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events except as required by applicable law. You should read this press release with the understanding that our actual future results may be materially different from what we expect.

ISPIRE TECHNOLOGY INC.

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

(In $USD, except share and per share data)

September 30,
2025

June 30,
2025

Assets

Current assets:

Cash

$

22,659,118

$

24,351,765

Restricted cash

50,000

Accounts receivable, net

44,522,796

39,664,145

Inventories, net

6,162,118

6,647,970

Prepaid expenses and other current assets

1,733,658

2,244,505

Total current assets

75,127,690

72,908,385

Non-current assets:

Accounts receivable – non current

7,367,158

Property, plant and equipment, net

2,731,346

2,952,800

Intangible assets, net

2,340,700

2,232,620

Right-of-use assets – operating leases

4,719,751

5,030,005

Other investment

2,000,000

2,000,000

Equity method investment

9,316,267

9,515,546

Other non-current assets

210,617

210,617

Total non-current assets

21,318,681

29,308,746

Total assets

$

96,446,371

$

102,217,131

Liabilities and stockholders’ equity

Current liabilities

Accounts payable

$

4,654,008

$

4,172,476

Accounts payable – related party

47,442,029

52,420,256

Contract liabilities

2,962,299

4,861,250

Accrued liabilities and other payables

7,575,391

8,099,991

Income tax payable

281,856

Borrowing – current portion

1,146,766

1,146,766

Operating lease liabilities – current portion

1,750,411

1,838,815

Total current liabilities

65,812,760

72,539,554

Non-current liabilities:

Amount due to a related party

29,000,000

25,000,000

Borrowing – net of current portion

518,669

805,361

Operating lease liabilities – net of current portion

2,883,856

3,267,522

Total non-current liabilities

32,402,525

29,072,883

Total liabilities

98,215,285

101,612,437

Commitments and contingencies

Stockholders’ equity:

Common stock, par value $0.0001 per share; 140,000,000 shares authorized;
     57,289,864 and 57,193,734 shares issued and outstanding as of September 30,
     2025 and June 30, 2025

5,729

5,719

Treasury stock, at cost

(105,489)

(60,488)

Additional paid-in capital

49,771,739

48,833,601

Accumulated deficit

(51,324,130)

(48,065,267)

Accumulated other comprehensive loss

(116,763)

(108,871)

Total stockholders’ (deficit)/equity

(1,768,914)

604,694

Total liabilities and stockholders’ equity

$

96,446,371

$

102,217,131

 

ISPIRE TECHNOLOGY INC.

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND

COMPREHENSIVE LOSS

(In $USD, except share and per share data)

Three Months Ended
September 30,

2025

2024

Revenue

$

30,350,884

$

39,338,313

Cost of revenue

25,204,112

31,663,935

Gross profit

5,146,772

7,674,378

Operating expenses:

Sales and marketing expenses

1,564,844

2,992,247

Credit loss expenses

1,764,252

3,102,081

General and administrative expenses

4,512,985

6,842,919

Total operating expenses

7,842,081

12,937,247

Loss from operations

(2,695,309)

(5,262,869)

Other (expense) income, net:

Interest income

95,472

86

Interest expense

(112,176)

(11,464)

Exchange gain, net

9,802

117,585

Other (expense) income, net

(70,583)

18,399

Total other (expense) income, net

(77,485)

124,606

Loss before income taxes

(2,772,794)

(5,138,263)

Income taxes

(486,069)

(456,753)

Net loss

$

(3,258,863)

$

(5,595,016)

Other comprehensive loss

Foreign currency translation adjustments

(7,892)

(154,937)

Comprehensive loss

(3,266,755)

(5,749,953)

Net loss per share

Basic and diluted

$

(0.06)

$

(0.10)

Weighted average shares outstanding:

Basic and diluted

57,273,184

56,601,320

For more information, kindly contact:

IR Contacts:
KCSA Strategic Communications
Phil Carlson
212-896-1233
ispire@kcsa.com 

PR Contact:
Ellen Mellody
570-209-2947
EMellody@kcsa.com 

nubia Z80 Ultra Now Available for Global Pre-Order: Unleash Elite Gaming and Professional Photography with Snapdragon® 8 Elite Gen 5

SHENZHEN, China, Nov. 6, 2025 /PRNewswire/ — nubia, a global leader in smartphone innovation, officially launches globally the highly anticipated nubia Z80 Ultra.

nubia-Z80-Ultra
nubia-Z80-Ultra

All-Round Flagship Smartphone: Performance, Gaming, and Photography

The nubia Z80 Ultra delivers uncompromising performance for both immersive entertainment and sustained productivity. The flagship device is powered by the Snapdragon® 8 Elite Gen 5 processor and enhanced REDMAGIC-inspired CUBE Gaming Engine. Boasting a camera system that excels across the full focal range, this device is a true street photography powerhouse, with a versatile dual focal-length camera system of 35mm and 18mm paired with a professional-grade AI imaging model.

This device is equipped with a 7200 mAh long-lasting battery, including 80W wired and 80W wireless charging kit, available in black, white, and blue. Featuring a personalized touch thanks to its physical button shutter, it provides enhanced control when taking photos. The nubia Z80 Ultra is tailored to enhance everyday experiences, whether in photography, entertainment, or performance.

Dynamic Mobile Photography with Dual Focal Lengths

The nubia Z80 Ultra smartphone improves mobile photography with its advanced under-display camera and full-screen design. The screen has a high touch response rate of 3000Hz, making navigation easy and quick. With a brightness of 2000 nits peak, users can see the screen clearly even in bright sunlight. Users won’t miss any details outdoors. A Synaptics touch chip makes navigation more accurate and enjoyable.

This smartphone features a professional-grade photography sensor, the Light & Shadow Master 990, which captures high-quality images and details, even in low light. It also has custom 18mm optics for wide-angle shots, a clear macro lens for close-ups, and a zoom range from 18mm to 85mm for framing subjects easily. In addition, it offers 21 filters for creative photography, allowing users to personalize their images.

Elevating Mobile Gaming Performance with AI Super Frame Stabilization 

The nubia Z80 Ultra, powered by the Snapdragon® 8 Elite Gen 5 mobile platform, enhances mobile gaming with upgraded UFS 4.1 storage and LPDDR5X RAM. Users can enjoy demanding games seamlessly, ensuring an immersive gaming experience.

Featuring the advanced CUBE Gaming Engine from the REDMAGIC series, the nubia Z80 Ultra maximizes power efficiency while delivering high-frame-rate gameplay. Gamers benefit from Super Resolution and Super Frame Rate, experiencing stunning visuals at up to 2K resolution and a 144Hz refresh rate. Paired with the AI Super Frame Stabilization, this flagship delivers smooth graphics even in fast-paced scenarios, enhancing the all-around gaming experience.

Designed for endurance, the nubia Z80 Ultra includes advanced composite liquid metal and an oversized 3D Ice Steel VC cooling system. This technology boosts cooling area coverage by 35%, ensuring efficient heat dissipation and sustained performance during extended gaming sessions. With IP68 and IP69 dust and water resistance, the device withstands various environments. The magnetic NFC smart case offers convenience for gamers on the go while allowing customization to reflect personal style.

Performance Aesthetics: Limited Edition of the Upgraded Retro Kit 2.0

The nubia Z80 Ultra showcases “performance aesthetics” through its distinctive natural curvature and innovative four-sided curved bonding process, which enhance user comfort and grip security. Its sturdy crystal fiber body, accented by a luminous red ring surrounding the main camera, adds a unique visual appeal. The inclusion of a customizable shortcut key further enhances usability, available in Black, White, and Blue (including the limited Starry Night Edition).

Accompanying the device is the upgraded Retro Kit 2.0, developed in collaboration with Fotorgear. This kit features tech nano-leather, titanium-toned aluminum alloy, and premium full-grain leather, offering users an exceptional grip and refined texture. Its custom smart controls, tactile mechanical buttons, and programmable dials streamline the photography workflow from setup to storage, allowing users to transform their photography experience into a cherished ritual.

The nubia Z80 Ultra is designed for photography enthusiasts seeking professional-grade results with ease. It serves as the premier choice for serious gamers, providing unmatched performance and reliability. Combined with the Retro Kit 2.0, this remarkable device not only pays tribute to classic design but also encapsulates modern innovation.

Pricing and Availability

nubia is pleased to announce the pricing and availability details for the highly anticipated nubia Z80 Ultra in global markets. The innovative device will be available at the following MSRP:

  • For the 12GB+256GB variant: $649 in international markets, £579 in the United Kingdom, and €649 in European Union countries.
  • For the 16GB+512GB variant: $799 in international markets, £709 in the United Kingdom, and €799 in European Union countries.
  • For the 16GB+512GB variant (Blue): $829 in international markets, £729 in the United Kingdom,  and €829 in European Union countries.
  • For the 16GB+1TB variant: $899 in international markets, £799 in the United Kingdom, and €899 in European Countries.

The nubia Z80 Ultra is available for an early bird offer on the official nubia website based on their location: $30 off globally, £20 off in the United Kingdom, and €20 off in European Union countries available in the following dates:

  • Official Global Launch and Early Bird Offer: November 6, 2025  (20:00 HKT, 7:00 a.m. EST, 13:00 CET)

Official Online Stores:

 

‘Ranong Port’ — Thailand’s Gateway to BIMSTEC

BANGKOK, THAILAND – Media OutReach Newswire – 6 November 2025 – Ranong Port, under the supervision of the Port Authority of Thailand (PAT), is stepping into a new and significant role in advancing Thailand’s economy and trade. Strategically located on the Andaman coast, the port serves as a vital maritime gateway linking Thailand with neighbouring countries in South Asia, the Middle East, Africa, Europe, and the member states of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC), which comprises seven countries: Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka, and Thailand.

Thailand’s Gateway to BIMSTEC
Thailand’s Gateway to BIMSTEC

Mr Kriengkrai Chaisiriwongsuk, Director of the Port Authority of Thailand, stated that Ranong Port is the only state-operated port on the Andaman coast and possesses a geographic advantage that allows direct access to the Bay of Bengal and the Indian Ocean without passing through the Strait of Malacca. This greatly reduces transport time and costs.

Operational results for the past 11 months (October 2024-August 2025) demonstrate consistent growth potential, with throughput reaching 6,300 TEUs, and projections for the full 2025 fiscal year exceeding 6,400 TEUs — a 140% increase compared to the previous year.

At present, Ranong Port has well-developed infrastructure to support continued growth, comprising two berths, a 134-metre multipurpose berth and a 150-metre container berth, accommodating vessels of up to 12,000 deadweight tonnes (DWT). The port also includes 36,000 square metres of storage area and can handle up to 648 TEUs of containers. These facilities make it an essential logistics hub for driving regional economic development.

Ranong Port reached a major milestone as PAT officially launched the Multimodal Transport Project, connecting five key economies: China, Laos, Thailand, Myanmar, and the BIMSTEC region. The inaugural shipment set sail for Yangon Port, Myanmar, marking an innovative step in logistics that seamlessly integrates multiple transport modes — road, rail, and sea — with Ranong Port as the strategic junction for distributing goods from Thailand and neighbouring countries to the vast markets of South Asia.

This project is the result of strong collaboration between key business partners: Thai Transport Centre Co Ltd, SCG JWD Logistics Public Company Limited, Ever Flow River Group (Myanmar), and SPT Smart Creation Co Ltd. Together, they aim to strengthen the regional supply chain. A highlight of this initiative is its remarkable improvement in time and cost efficiency: previously, shipments from Thai ports to BIMSTEC countries via the Strait of Malacca typically took 14-21 days, whereas the new route now takes only 3 days to Yangon (Myanmar), 4 days to Chittagong (Bangladesh), and 6 days to Chennai (India) or Colombo (Sri Lanka).

This drastic reduction in transport time gives Thai exporters a significant competitive edge. The Ranong-BIMSTEC corridor is thus not merely a connection between ports, but a bridge linking Thailand’s economy to high-potential markets with strong purchasing power and steady growth. It is expected to stimulate trade and investment, generate income for entrepreneurs, and create new employment opportunities in Ranong Province and its neighbouring areas.

The development marks the elevation of Ranong Port into a true Andaman Trade Gateway, laying a crucial foundation to meet rising future demand. To sustain this growth, PAT plans to continue upgrading Ranong Port, improving both infrastructure and management systems to meet international standards. Plans include procuring and modernising quay cranes and cargo-handling equipment, expanding the container yard, upgrading warehouses, and enhancing the integrated logistics network, by linking road, rail, and air systems to enable seamless multimodal transport connectivity.

In addition, PAT is committed to providing comprehensive support, including streamlining documentation and customs procedures, promoting marketing cooperation with shipping lines and logistics operators, and conducting cost and market trend analyses to assist business decision-making. Equally important is PAT’s drive to implement the ‘Green Port’ concept, aiming to reduce environmental impacts and ensure the long-term sustainability of maritime transport.

Mr Kriengkrai added that, in the near future, should the government proceed with the Land Bridge Project connecting Chumphon Port and the new Ranong Port, the current Ranong Port will evolve into a supporting facility focusing on niche markets such as frozen products, Thai-Myanmar border trade goods, and fast-track shipments. This would add value through expanded warehouse operations and attract SMEs and local businesses to utilise its services.

Most importantly, Ranong Port will serve as a ‘sandbox’ pilot area for the Land Bridge Project in both policy and operational aspects, acting as a testing ground for various logistics systems such as multimodal integration, digital platforms, and customs management systems. This will enable the existing Ranong Port to become a prototype for future large-scale projects like the Land Bridge, ensuring their long-term success and sustainability.

The Multimodal Transport Project, now in operation, therefore represents a vital mechanism that will bring prosperity to Ranong Port and to Thailand as a whole. It stands as a testament to PAT’s determination to build a logistics system that is faster, more modern, and more efficient, strengthening Thailand’s economic potential for stable and sustainable growth in the years ahead.
Hashtag: #PAT #PortAuthorityofThailand

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

Asia Pacific liver health leaders and Ministry of Health officials unite in Taiwan to advance hepatocellular carcinoma surveillance and management

TAIPEI, Nov. 6, 2025 /PRNewswire/ — Senior health officials, clinicians, and policy leaders from across the Asia Pacific region convened in Taipei for the hepatocellular carcinoma (HCC) Leadership & Policy Forum, hosted by the APAC Liver Disease Alliance, the Taiwan Health Promotion Administration and the Taiwan National Health Insurance Administration. The event marked a pivotal moment in regional efforts to combat HCC, the most common type of liver cancer and a major public health challenge across the Asia-Pacific.

During the Forum, the Alliance launched a peer-reviewed publication titled:
“Roadmap for Hepatocellular Carcinoma Surveillance and Management in Asia Pacific,” published in Cancers (MDPI). The Roadmap offers concrete, territory-sensitive recommendations to improve early detection, access to care, and multi-stakeholder coordination in the fight against HCC. The publication reflects insights from the HCC APAC Policy Forum held in Bangkok in 2024 and months of collaboration among experts, civil society, and health authorities.

Asia Pacific carries the highest burden of liver cancer globally, yet effective surveillance and treatment remain fragmented,” said Roberta Sarno, Director of the APAC Liver Disease Alliance “This Roadmap provides Ministry of Health officials and practitioners with an actionable blueprint tailored to the region’s specific challenges and strengths.”

The Forum brought together representatives from Australia, Malaysia, Taiwan, and Thailand, fostering cross-territory learning and policy alignment. Discussions focused on scaling up screening programs, integrating HCC care into national cancer strategies, and leveraging real-world data to improve outcomes.

Building on the outcomes of the Taipei Forum, the Alliance is now collaborating with Ministries of Health across APAC to convene territory-specific HCC roundtables starting in November 2025. These discussions aim to translate the Roadmap’s recommendations into national policies and implementation plans.

In parallel, the Alliance has initiated a new regional paper on MASH, MASLD, and liver fibrosis, collaborating with experts to shape evidence-based strategies for early diagnosis and management. The paper is expected to be launched in early 2026.

Read the full publication here: Link
Also available in the designed version: Link
Learn more about the Alliance: Website

About APAC Liver Disease Alliance
The APAC Liver Disease Alliance is a multilateral group that unites all stakeholders on the mission to lower the growing burden of liver disease in the APAC region. Its strategic partners include the Coalition for Global Hepatitis Elimination, the Hepatitis Fund, the Harvard Medical School Program in Global Primary Care and Social Change, the Yellow Warriors Society Philippines, the International Liver Cancer Movement, and the Global Liver Institute. Supported by Abbott, AstraZeneca, and Roche, the Alliance is committed to its mission to reduce the growing burden of liver disease in APAC.

 

Building Mutual Learning Between Chinese and Arab Civilizations by Audiovisual Innovation

CHONGQING, China, Nov. 6, 2025 /PRNewswire/ — A news report from iChongqing – On November 5, the 7th China-Arab States Broadcasting and Television Cooperation Forum concluded in Chongqing. The forum brought together 300 delegates, including representatives from broadcasting and television regulatory bodies, audio-visual media organizations, international institutions, diplomatic envoys to China, relevant enterprises, and academic think tanks from China and 16 Arab nations.

On November 5, the 7th China-Arab States Broadcasting and Television Cooperation Forum commenced in Chongqing.
On November 5, the 7th China-Arab States Broadcasting and Television Cooperation Forum commenced in Chongqing.

Under the theme “Mutual Learning Between Chinese and Arab Civilizations, Shared Success in Audiovisual Innovation,” the forum featured in-depth discussions centered on two primary areas: content and technology. Participants engaged in deliberations on key topics, including “China-Arab Audio-Visual Content Cooperation in the Digital Media Era” and “Technology Empowering High-Quality Development of the Audio-Visual Industry.” Dialogues specifically addressed content collaboration, technology application, and the cultivation of new business models.

Forum attendees unanimously adopted and released the “Joint Declaration of the 7th China-Arab States Broadcasting and Television Cooperation Forum.” This document aims to further strengthen policy coordination, content sharing, technological exchange, and personnel interactions between China and the Arab states in the broadcasting and audio-visual sectors, seeking to establish a new paradigm for civilization dialogue in our time.

The forum showcased more than 50 cooperative outcomes in the China-Arab audio-visual domain and unveiled the winners of the 4th China-Arab States Short Video Competition. A series of supporting events was also organized, including a thematic concert and a media collection tour; the core event was the China-Arab Audio-Visual Content and Technology Exchange Exhibition, which collectively demonstrated the commitment to deepening cooperation.

In alignment with this forum and in preparation for the 2026 China-Arab States Summit, the “Audio-Visual Silk Road: China-Arab Stories” campaign, mutual broadcast of selected high-quality audio-visual programs, will be held from September, 2025 to June, 2026. The initiative will feature outstanding Arab programs such as Om El Donya, Chinese productions including Flourished Peony, as well as China-Arab co-produced works like When the Yangtze Meets the Nile. These selections will be showcased on mainstream media platforms in both China and Arab states, enriching the viewing experience for audiences and jointly sharing stories of China-Arab friendship and cooperation.

The 7th China-Arab States Broadcasting and Television Cooperation Forum was co-organized by the National Radio and Television Administration of China, the Chongqing Municipal People’s Government, the Secretariat of the League of Arab States, and the Arab States Broadcasting Union.

For more, please visit: https://www.ichongqing.info/ 

 

Nasdaq-Listed Metalpha and Pioneering Investment Group Avenir Group Forge Alliance to Shape Future of Digital Assets

HONG KONG, Nov. 6, 2025 /PRNewswire/ — Metalpha Technology Holding Limited (Nasdaq: MATH) (“Metalpha” or the “Company”), a global leading provider of blockchain and trading technology solutions, today announced the signing of a Memorandum of Understanding (MOU) with Avenir Group, the strategic investor of the Company and a pioneering force in digital asset landscape. Avenir Group stands as Asia’s largest institutional Bitcoin ETF holders and a global leader in integrating traditional finance with digital assets, driving innovation across a comprehensive financial ecosystem.

The strategic partnership establishes a framework for collaborative advancements in critical areas of the digital asset domains, including digital asset management technology solutions and systems—such as structured digital solutions—as well as digital asset trading and hedging infrastructures, liquidity solutions, and other related areas. The partnership is designed to combine Metalpha’s advanced technology capabilities with Avenir Group’s leading market presence and expertise to accelerate innovation and development in the digital asset ecosystem.

“We are excited to elevate our partnership with Avenir Group, a visionary leader at the intersection of traditional and digital finance,” said Mr. Adrian Wang, Chief Executive Officer of Metalpha. “This agreement underscores our shared vision to redefine the digital asset landscape through technological excellence. By uniting Metalpha’s cutting-edge solutions with Avenir Group’s unparalleled market access, we are poised to deliver next-generation infrastructure that will empower institutional adoption and drive sustainable growth across the industry.”

“We are thrilled to deepen our collaboration with Metalpha through this MOU, combining our strengths to drive innovations in digital asset solutions,” said Jacob Zhong, Managing Partner at Avenir Group. “Avenir Group is committed to bridging traditional finance and blockchain technology through investment and incubation. This partnership will empower us to deliver greater efficiency, enhanced liquidity, and accelerated growth in the digital economy, positioning both organizations at the forefront of industry transformation.”

This strategic partnership highlights Metalpha’s leadership in providing innovative blockchain solutions, enabling the Company to expand its offerings in digital asset management and trading infrastructures. By aligning with Avenir Group’s expertise in assets management and trading and financial service platforms, Metalpha is well-positioned to provide enhanced, customized tools for institutional clients, fostering greater efficiency, risk management, and market adoption in the rapidly evolving digital assets space.

About Metalpha

Metalpha Technology Holding Limited (NASDAQ: MATH) is a global leading provider of blockchain and trading technology solutions. With extensive blockchain and traditional fintech expertise, we are dedicated to delivering state-of-the-art technological solutions, including digital asset related management systems, hedging infrastructures, liquidity solutions and institutional grade architectures. We offer highly customized, one-stop solutions to help our customers grow their businesses and are committed to strengthening our position as one of the largest gateways to digital assets in Asia.

About Avenir Group

Avenir Group is a pioneering investment group dedicated to the strategic integration of traditional finance and digital assets, driving innovation to build a leading financial ecosystem and infrastructure. Through an integrated framework of Investment, Incubation, and Operations, the group focuses on digital asset management, trading and financial service platforms, PayFi infrastructure, and Real World Assets (RWA). As Asia’s largest institutional Bitcoin ETF holder, Avenir Group leads the regional market. With proven financial expertise and industry-leading capabilities, the group establishes its role as a global hub advancing capital mobility and strategic partnerships. Our key sub-brands include DeepTrading (High-Frequency Quantitative Trading) and Avenir Foundation (Technology Education and Innovation). Learn more: https://avenirx.com.

Forward-Looking Statements

This press release contains statements that may constitute “forward-looking” statements pursuant to 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,” “likely to” and similar statements. Management has based these forward-looking statements on its current expectations, assumptions, estimates and projections. While they believe these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond management’s control. These statements involve risks and uncertainties that may cause Metalpha’s actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements.

Betty Zhang
betty.zhang@metalpha.finance

The 138th Canton Fair Concludes Successfully

GUANGZHOU, China, Nov. 6, 2025 /PRNewswire/ — The 138th Canton Fair came to a successful end on November 4th. The fair set new historical records in multiple indicators including overseas buyers attendance and innovative, smart and green products.

A total of over 310,000 overseas buyers from 223 countries and regions attended this session, an increase of 7.5% compared with the previous session, hitting a new high. Among them, 214,000 buyers were from BRI countries, registering a 9.4% rise. The intended export transaction reached onsite of this session amounted to 25.65 billion US dollars, maintaining upward momentum. Exhibitors stated that the Canton Fair is a prime venue teeming with opportunities and high-quality leads—the optimal platform for cementing long-standing partnerships, forging new ones and expanding into fresh markets. Many buyers visited or would visit factories. More deals were expected to be reached.

Exhibiting enterprises pursued innovation, intelligence and environment protection in materials, craftsmanship and supply chains. New and green products and products with independent intellectual property rights accounted for 23.3%, 23.5% and 23.9% of the total 4.6 million products respectively. AI empowerment, innovative and intelligent manufacturing, low-carbon and high-end customization were the key words throughout three phases. Humanoid robots, brain-computer interface devices, plastic-free home furnishings, bio-based materials, AI-assisted rehabilitation devices and 3D printing were the most popular exhibits.

The integration of digital and intelligent technology has improved the experience of badge application, exhibition navigation, business talks, and matchmaking. Adopted for the first time, QR code badge can be issued within 30 seconds, which is six-fold faster than before. Enabled by Bluetooth, 5G, and BDS, China’s first booth-level smart navigation was put into use. Devices like AI guide and smart way finder were upgraded to offer “one-touch navigation and one-code info consultation” which were used 477,000 times. The Canton Fair APP had additional download of 415,000 times.

From trade promotion to supporting activities, heartwarming services facilitated better cooperation. 9 “Trade Bridge” matchmaking events, 17 “Discover Canton Fair with Bee and Honey” live-streaming activities and 13 thematic forums helped enterprises explore target markets. 240 service institutions covering finance, logistics, testing and design provided more than 100,000 consultations.

The 139th Canton Fair will be held in Guangzhou from April 15th to May 5th, 2026. For more information, please click https://buyer.cantonfair.org.cn/register/buyer/email?source_type=16


 

HiTHIUM and El-Mor Renewable Energy Announce a Strategic Cooperation to Develop 1.5GWh Long-Duration Energy Storage Projects in Israel

TZUR YIGAL, Israel, Nov. 6, 2025 /PRNewswire/ — HiTHIUM, a leading global provider of long-duration energy storage technology, has announced a strategic cooperation agreement with El-Mor Renewable Energy, one of Israel’s largest EPC. This partnership marks a signification milestone in HiTHIUM’s international expansion into long-duration energy storage (LDES) markets.

HiTHIUM and El-Mor Renewable Energy Announce a Strategic Cooperation
HiTHIUM and El-Mor Renewable Energy Announce a Strategic Cooperation

Israel has been rapidly expanding its renewable energy portfolio as part of its national strategy to reduce reliance on fossil fuels. This growth has increased the need for grid-scale energy storage to support renewable integration and ensure grid stability and reliability. LDES is emerging as a critical enabler of this clean-energy transition, allowing surplus solar power generated during the day to be stored and dispatched during peak demand or extended low-generation periods.

El-Mor will design and build battery energy storage systems (BESS) and related infrastructures for multiple projects with a total capacity of 1.5GWh and total power of 300MW. The projects will include multiple landmark installations, among which is RAMAT BEKA 1GWh PV+BESS project – the largest project of its kind in the region – setting a new benchmark for grid flexibility in the region.

HiTHIUM will supply its ∞Power 6.25MWh BESS as part of its EEP (Energy Equipment Package),  a one-stop solution covering both DC and AC systems. The EEP integrates battery containers, PCS, MV transformers, MV switchgear, and an EMS (PPC) into a unified platform, supported by all-around engineering services ranging from energy and power sizing to grid connection modeling, protection coordination, and fire safety system design. The project will also mark the first major overseas deployment of HiTHIUM’s long duration energy storage technology.

Israel and the broader Middle East are at a turning point in renewable energy transformation,” said Steven Song, HiTHIUM Senior Director or Sales, Israel. “Through this strategic partnership with El-Mor, we are delivering the long-duration energy storage technology that will help stabilize Israel’s grid, enhance solar integration, and empower a cleaner, more resilient power system for the future.”

Avi Elkayam, Chairman of El-Mor Renewable Energy said “We are proud to partner with HiTHIUM in advancing Israel’s transition toward sustainable and resilient energy systems. HiTHIUM’s ∞Power 6.25MWh solution, coupled with our capabilities in executing large-scale PV projects, high voltage sub-stations, and large-scale BESS systems, allows us to provide a one-stop solution for the Israeli energy market.”

This partnership is strategically important for HiTHIUM, demonstrating its leadership in engineering excellence and innovation through its first major overseas LDES project. By combining El-Mor’s local EPC expertise with HiTHIUM’s technological capabilities, the partnership sets a new standard for utility-scale energy storage deployment.

About HiTHIUM

Founded in 2019, HiTHIUM is a leading global company in renewable energy technology, committed to delivering energy storage solutions centered on advanced energy storage battery and system technologies. With robust research, production, sales, and service capabilities worldwide, HiTHIUM is the only energy storage-focused company to achieve GWh-scale global shipments of lithium-ion ESS batteries. Its customer-centric approach drives cutting-edge products and solutions for customers across more than 20 countries and regions.

About El-Mor Renewable Energy

El-Mor Renewable Energy is at the forefront of Israel’s solar industry. As a fully owned by the El-Mor Group (TASE: ELMR), El-Mor Renewable Energy is the largest EPC in Israel, specializing in the design, construction, commission and maintenance of large and complex solar projects. To date, the company has designed and installed over 1,000 MWp of solar systems combined with 1,500MWh of BESS for the leading solar investors in Israel. In addition, El-Mor’s operation and maintenance (O&M) division manages hundreds of solar and BESS plants throughout Israel.