Home Blog Page 1920

Thailand showcases ‘Senses of Siam: A Journey to Total Well-being’ at WTM 2025

Celebrating Thai wellness, culture, and sustainability under TAT’s new global campaign Healing is the New Luxury

LONDON, Nov. 6, 2025 /PRNewswire/ — The Tourism Authority of Thailand (TAT) is presenting Thailand’s distinctive blend of wellness, culture, and sustainability at the World Travel Market (WTM) 2025, held from 4–6 November at ExCeL London. Marking Thailand’s 44th year of participation in this leading global travel trade event, the Thailand Pavilion unveils the theme “Senses of Siam: A Journey to Total Well-being,” inspired by TAT’s new global communication campaign “Healing is the New Luxury.”

The vibrant Thailand Pavilion at WTM 2025 in London, designed under the theme “Senses of Siam: A Journey to Total Well-being,” highlights Thailand’s creative expression of wellness, culture, and sustainability through immersive showcases and business networking activities.
The vibrant Thailand Pavilion at WTM 2025 in London, designed under the theme “Senses of Siam: A Journey to Total Well-being,” highlights Thailand’s creative expression of wellness, culture, and sustainability through immersive showcases and business networking activities.

Her Royal Highness Princess Ubolratana graciously visited the Thailand Pavilion and join a cultural demonstration highlighting Thai wellness cuisine and mocktail-making inspired by lotus blossoms and butterfly pea flowers. Her Royal Highness’s visit reflects the continued royal support for Thailand’s international tourism promotion and the presentation of Thai creativity on the global stage.

The Pavilion’s official opening ceremony featured a Loi Krathong theme in celebration of Thailand’s nationwide festival on 5 November. The activities highlighted one of the country’s most iconic cultural events, bringing Thai tradition to London and inviting visitors to experience the charm and warmth of Thai culture. Present at the opening were Mr. Artthakorn Sirilatthayakorn, Minister of Tourism and Sports, and Ms. Natthriya Thaweevong, Chairperson of the TAT Board of Directors.

Ms. Thapanee Kiatphaibool, TAT Governor, said, “WTM is an important platform for Thailand to engage with the global tourism community and share our story of transformation. Through the theme ‘Senses of Siam: A Journey to Total Well-being,’ we showcase how Thai culture and hospitality embrace the spirit of restoration, connection, and fulfilment – ideals that perfectly reflect our new campaign ‘Healing is the New Luxury.’

The Thailand Pavilion combines contemporary Thai architecture with elements of textiles, crafts, and musical motifs, symbolising harmony between heritage and sustainability. The pavilion serves as a dynamic platform for business networking, with 50 Thai tourism businesses participating this year – including nine destination management companies and 41 hotels and resorts. Among these, 14 are first-time exhibitors, seven are winners of the Thailand Tourism Awards 2025, 24 are STGs STAR-certified, and 12 are CF Hotels. Strategic partners include Thai Airways International, Bangkok Airways, the Thailand Privilege Card, and the Sports Authority of Thailand.

Throughout the three-day event, the Thailand Pavilion presents an engaging Product Showcase highlighting the diversity and creativity of Thailand’s wellness tourism. A Map of Thailand: A Journey to Total Well-being visually anchors the pavilion, illustrating the nation’s regional wellness identities — Northern: Serenity and Traditional Healing, Northeastern: Authentic Culture and Nature Healing, Central: Urban Wellness and Medical Excellence, Eastern: Coastal Rejuvenation, and Southern: Exotic Tropical Detox — symbolising Thailand’s holistic approach to health and travel.

The Product Showcase features exhibits from 19 health and wellness providers representing all five regions, including winners of the Thailand Tourism Awards 2025 and STGs STAR-certified operators. The “Senses of Siam: TAT x Butterfly Perfume” collaboration introduces the Amazing Thailand Aroma Collection – five fragrances inspired by regional nature and culture: The Lanna Mist, The Isan Sun, The Siamese Garden, The Andaman Tide, and The Eastern Orchard. The Inspire Showcase presents a curated range of Thai wellness innovations, from spa and aromatherapy products to herbal skincare and holistic lifestyle creations that reflect Thai craftsmanship and contemporary design.

Daily demonstrations and workshops include Zira Spa & Massage Chiang Mai, the Aroma Essential Oil Workshop, and the Aroma Diffuser Scented Workshop, offering hands-on experiences in relaxation and scent creation. A display of Thai National Costumes (Chud Thai) completes the pavilion experience, showcasing intricate textiles and jewellery that celebrate Thailand’s cultural heritage and timeless elegance.

TAT anticipates more than 1,500 business appointments during the three-day event, generating an estimated 1.33 billion Baht in potential tourism revenue. With a strong focus on wellness, sustainability, and authentic Thai experiences, the participation reinforces Thailand’s position as a global destination for balance and renewal.

The United Kingdom remains one of Thailand’s most important long-haul markets, ranking among the top ten sources of international arrivals. Between 1 January and 31 October 2025, the country welcomed over 836,907 UK visitors, a 13.12% year-on-year increase, with an average stay of 15.9 days and expenditure of around 63,000 Baht per trip. Forward bookings show continued growth of 10% for the final quarter of 2025 and 13% for the first quarter of 2026, reaffirming the destination’s appeal among British travellers drawn by Thai culture, cuisine, hospitality, and diverse experiences.

For the winter 2025/2026 season, direct services between the United Kingdom and Thailand total around 52 flights per week, operated by Thai Airways, EVA Air, British Airways, Norse Atlantic Airways, and TUI UK, providing convenient access to Bangkok and Phuket. TAT continues to collaborate with airlines and leading tour operators in the UK to boost travel through joint marketing, media campaigns, and influencer engagement, while promoting responsible and sustainable tourism through its Hidden Gem initiative, which encourages travel to emerging destinations.

Scandic Trust Group strengthens sales network with First Idea Consultant

HONG KONG, Nov. 6, 2025 /PRNewswire/ — As the Hong Kong daily “HongKong Telegraph” recently learned, the SCANDIC TRUST GROUP, an internationally operating conglomerate that is not active in the hotel industry, is expanding its international sales network: After successfully passing a thorough KYC and AML check (process control to verify identity, prevent money laundering, terrorism financing and all corporate activities) by bankers, the Dubai–based and internationally active corporate association “FIRST IDEA CONSULTANT” will be integrated into the SCANDIC TRUST GROUP as a new sales partner under the name “SCANDIC SETUP.”

SCANDIC TRUST GROUP announces partnership with FIRST IDEA SETUP for GCC, following successful KYC and AML verification by external banks
SCANDIC TRUST GROUP announces partnership with FIRST IDEA SETUP for GCC, following successful KYC and AML verification by external banks

“FIRST IDEA CONSULTANT,” founded by internationally experienced bankers under the leadership of Amir Aslam, has for years successfully supported international founders and investors in the legally compliant establishment of companies and business accounts in the Gulf states of the GCC (Gulf Cooperation Council). Thanks to a multilingual team of experts in German, English, Russian, Ukrainian, Hindi, Arabic and Chinese, clients worldwide are accompanied professionally.

“SCANDIC TRUST” acts as a digital ecosystem that combines real services with modern technology. One of its assets is a utility–fintech system (SNC) that serves as a bridge between the digital and the real economy. Through SNC, users can gain access to services and loyalty programs can be managed. “SCADIC PAY” is being expanded as a non–custodial access with Web3, including a crowdfunding platform. “SCANDIC ESTATE” operates across continents with sustainable developments. The trading platform “SCANDIC TRADE” enables trading in traditional and digital assets, while algorithmic portfolios and CO₂ certificates are sustainably promoted.

In addition, the internationally operating group runs its own multi–level data centers in Bahrain, Kuwait City and Singapore: “SCANDIC DATA” provides secure infrastructures using self–learning AI in order to provide protection against cyber threats for corporate networks, cloud environments, IoT devices and industrial control systems (ICS), endpoint detection and response (EDR) solutions as well as energy–efficient cloud services. “SCANDIC HEALTH” is developing an integrated digital 24/7 practice reception in the Federal Republic of Germany. Using groundbreaking computer–assisted technologies, appointment scheduling and patient inquiries are received around the clock and automatically forwarded according to the request; patient data and documents are recorded and managed digitally, and an internal team chat facilitates communication. This relieves staff in medical practices worldwide considerably, enables seamless integration into existing systems and guarantees GDPR–compliant, encrypted communication. “SCANDIC SEC” provides comprehensive protection of people, objects and digital assets, including AI–supported surveillance and biometric systems. In the lifestyle segment, “SCANDIC CARS,” “SCANDIC FLY” and “SCANDIC YACHTS” offer luxury vehicles, private jets and luxurious charter yachts on demand; booking and payment take place seamlessly via the group’s own eco–system. The media subsidiary LEGIER Beteiligungs mbH in Germany operates 115 daily newspapers worldwide, whose newspapers from all continents report around the clock in many languages, soon also via an app for personalized news.

By including “FIRST IDEA CONSULTANT” as “SCANDIC SETUP,” this ecosystem is supplemented by an important element: professional support in the establishment of companies and the opening of bank accounts in the United Arab Emirates (UAE) and other GCC states, whereby investors benefit from a single point of access that combines regulatorily verified services from finance, real estate, trade, data, health, security, mobility and media. The KYC/AML certification by “FIRST IDEA CONSULTANT” guarantees the highest compliance in this context, while the SCANDIC ecosystem creates digital synergies as a central tool and strengthens demand within the network. The partnership marks a significant step in the international expansion of the SCANDIC group and sends a signal for transparency, trustworthiness and sustainable growth. For more information see: https://www.ScandicSetup.com

Press Contact:
HONG KONG TELEGRAPH
EditorInChief@HongKongTelegraph.cn

META description:
The Scandic Trust Group strengthens its international sales network: After a comprehensive KYC/AML check, the Dubai–based corporate association First Idea Consultant LLC is integrated into the group as “SCANDIC SETUP.” The partnership initiated by Amir Aslam expands the digital ecosystem of SCANDIC TRUST by company formation and banking services in the GCC states and links the areas of finance, real estate, trade, data, health, security, mobility, media and lifestyle.

META keywords:
LEGIER Beteiligungs mbH, LEGIER, LEGIER BETEILIGUNG GMBH, SCANDIC DATA, SCANDIC YACHTS, SCANDIC ESTATE, SCANDIC CARS, SCANDIC FLY, SCANDIC PAY, SCANDIC HEALTH, SCANDIC SETUP, Scandic Trust Group, SCANDIC SEC, Dubai, SCANDIC TRADE, SCANDIC TRUST, Amir Aslam, First Idea Consultant LLC, First Idea Consultant

Youtube link: https://www.youtube.com/shorts/o2C-ZI_LlW8

 

Riyadh Opens Its Doors to the World: Biban 2025 Kicks Off as the Global Destination for Opportunities

RIYADH, Saudi Arabia, Nov. 6, 2025 /PRNewswire/ — The Small and Medium Enterprises General Authority (Monsha’at) in Saudi Arabia inaugurated Biban Forum 2025 today at the Riyadh Front Exhibition & Conference Center, marking the start of the Kingdom’s largest annual gathering for startups, entrepreneurs, and small and medium enterprises (SMEs).

Photo from Biban Forum
Photo from Biban Forum

Held under the theme “Global Destination for Opportunities,” Biban 2025 convenes entrepreneurs, policymakers, and investors from around the world to shape the next chapter of the global entrepreneurship movement.

Organized by Monsha’at, the four-day forum features over 200 speakers and 1,000 exhibitors representing more than 150 countries, alongside a dynamic agenda of discussions, workshops, and partnership signings that highlight Saudi Arabia’s growing role as a global hub for innovation and investment.

Building on the success of previous editions, Biban 2025 has evolved into an international platform that transforms ideas into impact. This year’s edition introduces new initiatives designed to expand access to funding, enhance innovation capabilities, and strengthen collaboration between the public and private sectors.

On its opening day, the forum witnessed the signing of more than 30 agreements and launches worth USD 5.9 billion, including a USD 1.3 billion financing portfolio with Riyad Bank, USD 1 billion with Al Rajhi Bank, and USD 500 million with Arab Bank, all aimed at empowering entrepreneurs and small and medium enterprises.

Since its inception, Biban has embodied the objectives of Saudi Vision 2030 by empowering entrepreneurs, enabling SMEs, and advancing sustainable economic diversification. The 2025 edition continues that mission by offering access to global expertise, funding opportunities, and strategic partnerships that help Saudi entrepreneurs scale beyond borders.

As Biban 2025 opens its doors, Riyadh transforms into a global marketplace of ideas, a place where innovation, collaboration, and opportunity converge to power the next generation of growth.

 

 

Infosys Develops AI Agent to Enhance Operations in the Energy Sector

Leveraging Infosys Topaz, Infosys Cobalt, and Microsoft’s AI and Cloud capabilities, the solution aims to automate reports, boost operational efficiency, and enhance decision-making through actionable recommendations

BENGALURU, India, Nov. 6, 2025 /PRNewswire/ — Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in next-generation digital services and consulting, has developed an AI Agent designed to digitally transform operations in the energy sector. This productivity solution leverages Infosys Topaz, an AI-first offering using generative AI technologies, Infosys Cobalt, a set of services, solutions and platforms for enterprises to accelerate their cloud journey, alongside Microsoft Copilot Studio, Azure OpenAI in Foundry Models, and ChatGPT4o. It enhances operations by using conversational AI to transform real-time data into actionable insights, providing critical information, automating reports, and boosting safety, reliability, efficiency and decision-making.

The AI Assistant intelligently processes a variety of reports, including well logs, images, plots, and tables, to help streamline operations. In addition, it provides predictive insights and early warnings to anticipate real-time operational challenges, enabling users to better plan work, minimize delays and errors, and access information instantly. This ultimately leads to improved safety and reliability, wellbore quality, optimized operations performance, and reduced non-productive time (NPT).

Stephen Boyle, VP Partner Development, Global Partner Solutions, Microsoft, said, “At Microsoft, we believe that the power of partnership is essential to unlocking the full potential of AI for industry transformation. Our collaboration with Infosys combines deep domain expertise with advanced AI and cloud technologies, helping organizations drive measurable business value by enhancing safety, reliability, and operational excellence.”

Ashiss Kumar Dash, EVP & Global Head – Services, Utilities, Resources, Energy, and Enterprise Sustainability, Infosys, said, “The energy sector faces ongoing challenges in managing complexities of vast volume of operational data while making real-time decisions that ensure safety, efficiency, and peak performance. Our AI Agent solution, powered by Microsoft’s AI and Cloud capabilities, Infosys Topaz, and Infosys Cobalt, directly tackles these challenges by transforming raw data into actionable insights through intuitive conversational AI. We see this as a pivotal move toward an AI-first future, where intelligent automation and predictive analytics redefine productivity and operational excellence.”

About Infosys

Infosys is a global leader in next-generation digital services and consulting. Over 320,000 of our people work to amplify human potential and create the next opportunity for people, businesses, and communities. We enable clients in more than 59 countries to navigate their digital transformation. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, as they navigate their digital transformation powered by cloud and AI. We enable them with an AI-first core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.

Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.

Safe Harbor

Certain statements in this release concerning our future growth prospects, or our future financial or operating performance, are forward-looking statements intended to qualify for the ‘safe harbor’ under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results or outcomes to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding the execution of our business strategy, increased competition for talent, our ability to attract and retain personnel, increase in wages, investments to reskill our employees, our ability to effectively implement a hybrid work model, economic uncertainties and geo-political situations, technological disruptions and innovations such as artificial intelligence (“AI”), generative AI, the complex and evolving regulatory landscape including immigration regulation changes, our ESG vision, our capital allocation policy and expectations concerning our market position, future operations, margins, profitability, liquidity, capital resources, our corporate actions including acquisitions, and cybersecurity matters. Important factors that may cause actual results or outcomes to differ from those implied by the forward-looking statements are discussed in more detail in our US Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2025. These filings are available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company’s filings with the Securities and Exchange Commission and our reports to shareholders. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law.

 

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.