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Taiwan Tourism Deepens Engagement in Australia & New Zealand

SYDNEY, Sept. 30, 2025 /PRNewswire/ — To further enhance Taiwan’s presence in the Australia and New Zealand (ANZ) tourism markets, the Deputy Director-General of the Taiwan Tourism Administration, Mr. Huang Shih-Fang, led a delegation from September 22 to 30, to the region. Partnering with travel agencies, airlines, and cultural groups, the delegation organized three “Taiwan Tourism Roadshows” in Brisbane, Sydney, and Auckland. The roadshows showcased Taiwan’s unique charm through taste, culture, and craftsmanship using the theme “Take a Sip of Taiwan” and  hosted nearly 300 enthusiastic ANZ industry representatives.

Taiwan Tourism Roadshow in Sydney, 25 Sep 2025
Taiwan Tourism Roadshow in Sydney, 25 Sep 2025

According to the 2024 report by Tourism Research Australia, Australia’s outbound travel expenditure is projected to surpass AUD 6 billion this year. Meanwhile, New Zealand’s outbound travel volume has recovered to 98–102% of pre-pandemic levels. According to January to June 2025 statistics from Taiwan Tourism Administration, Taiwan welcomed 63,024 Australian visitors and 9,107 New Zealand visitors, both surpassing pre-pandemic levels. The Tourism Administration emphasized that the ANZ outbound travel market has fully recovered, with spending and visitor number continuing to increase. With its stunning natural landscapes, diverse cultural heritage, convenient transportation, and welcoming atmosphere, Taiwan stands out as a highly attractive and competitive destination in the Asia-Pacific market. An estimated 20 direct weekly flights between Taiwan and ANZ provide strong support for market expansion and visitor growth.

This year’s roadshows centered on taste, extending into cultural, craft, and lifestyle experiences, all reflecting the “Taiwan Tourism Brand 3.0: TAIWAN – Waves of Wonder.” A special “Taiwan Flavor Bar” featured international wine expert Peng Wang, who guided attendees through tastings of Matsu Kaoliang liquor and Taiwanese sweet potato wine, paired with aroma samples and local snacks to create an immersive sensory journey of Taiwan’s land and flavors.

Cultural highlights included a spectacular performance by the Diabolo Walker troupe, blending LED lights with traditional diabolo skills; Oneing Studio offered DIY silk-screened tote bags and painted beer mugs; and Mind Image Studio introduced craft sessions with Mental Image Studio, including hundred-pacer snake coasters and indigenous costume bookmarks. These experiences showcased Taiwan’s indigenous heritage and highlighted cultural ties with the Austronesian family, resonating strongly with ANZ audience.

The roadshows also featured Tamra Bow, a well-known Australian TV anchor, as emcee. Having visited Taiwan this summer, she shared her personal travel experience, highlighting Taiwan’s natural beauty, culinary culture, and urban attractions. Her heartfelt storytelling successfully engaged the audience and sparked curiosity about visiting Taiwan. The roadshows also included tourism briefings and interactive lucky draws, with China Airlines, EVA Air, and Air New Zealand sponsoring round-trip tickets from ANZ to Taiwan, encouraging industry partners to conduct familiarization trips and develop new travel products, thereby boosting Taiwan’s visibility and marketability.

Across the three roadshows, a total of 300 industry professionals participated, reflecting strong interest in Taiwan as an emerging destination. Many attendees remarked on Taiwan’s friendly people, breathtaking scenery, convenient transportation, and diverse cuisine, praising food as one of the country’s most compelling selling point for ANZ travelers.

The Tourism Administration noted that the awareness of Taiwan as a travel destination is steadily growing, supported by more than 20 weekly direct flights. During the upcoming peak travel season from December to February, EVA Airways will increase its Brisbane service from three to four weekly flights, reflecting strong confidence in the Taiwan market.

Moving forward, the Tourism Administration will continue to leverage cultural marketing, social media outreach, influencers’ collaborations, and local partnerships to deepen market presence and strengthen brand trust. These promotions seek to create an efficient networking platform for industry stakeholders, enhance the international competitiveness and sustainability of Taiwan’s tourism sector. Thereby setting the stage for record-breaking ANZ visitor arrivals.

The Taiwan Tourism Administration has also officially opened the Taiwan Tourism Information Center (TTIC) in Sydney on 25 Sep 2025, marking a new milestone for Taiwan’s tourism development in the ANZ market and establishing a key marketing hub for the Oceania region.

The Sydney TTIC, located on 22 Market Street in the city center, serves as Taiwan’s new promotional hub in the ANZ market. It provides localized travel information and support, strengthens engagement with industry partners, and enhances brand visibility. For its opening campaign, the public are encouraged to visit, snap pictures in the centre’s photo booth, tag @Taiwan_Tourism_AUNZ to receive exclusive Taiwan souvenirs, making the promotion more interactive and fun.

Taiwan Tourism Information Center 

Address: Suite 102, 22 Market Street, Sydney CBD, Australia

Email: info@taiwantourismaunz.com 

Zhejiang Cultural and Tourism Promotion Event Showcases Partnership and Shared Heritage in Malaysia

KUALA LUMPUR, Malaysia, Sept. 29, 2025 /PRNewswire/ — The “Where Clouds Meet the Sea, Culture Finds Its Harmony” Picturesque Zhejiang (Malaysia) Cultural and Tourism Promotion Event was successfully held in Kuala Lumpur on the afternoon of September 17. Hosted by the Zhejiang Provincial Department of Culture, Radio, Television and Tourism, the gathering welcomed some 120 guests, including YBrs. Encik Chua Choon Hwa, Deputy Secretary General (Tourism) of the Malaysian Ministry of Tourism, Arts and Culture, and Xu Xiao, Deputy Director of the Zhejiang Provincial Department of Culture, Radio, Television and Tourism. Also attending were representatives from leading travel and cultural organizations, as well as members of the media from both countries. 

In her remarks, Deputy Director Xu Xiao highlighted the longstanding cultural and tourism connections between Zhejiang and Malaysia, noting that both serve as important destinations and sources of visitors for one another. Xu expressed the province’s interest in welcoming more travelers from Malaysia to experience Zhejiang’s scenic landscapes, cultural heritage, and modern cities.

Deputy Secretary General Encik Chua Choon Hwa echoed these sentiments, stating that the enduring friendship between Malaysia and China provides a strong foundation for continued collaboration. He added that the promotion supports ongoing efforts to expand bilateral tourism and cultural exchange, while contributing to the momentum of Malaysia’s “Visit Malaysia 2026” initiative.

The program featured immersive video presentations and live cultural performances that highlighted Zhejiang’s natural beauty, traditional artistry, and dynamic urban development, giving attendees a vivid sense of the province’s unique attractions and travel opportunities.

China Eastern Airlines participated in the event by presenting its flight routes and travel programs, followed by a prize drawing for two round-trip tickets from Malaysia to Zhejiang. The event also included a business networking session, where more than 60 tourism companies and airline representatives from Zhejiang and Malaysia met to discuss partnerships and expand cooperative travel programs.

These exchanges are expected to further strengthen tourism partnerships and open new pathways for sustainable, high-quality growth in cultural and economic collaboration.

Kingdom of Saudi Arabia Ministry of Culture and Royal Commission for AlUla Sign Partnership to Advance Sustainable Development Through Culture

RIYADH, Saudi Arabia, Sept. 30, 2025 /PRNewswire/ — The Ministry of Culture and the Royal Commission for AlUla have signed a Memorandum of Understanding in Riyadh during the Cultural Investment Conference to strengthen cooperation in culture, heritage and development. The agreement was signed by Vice Minister of Culture Hamed Fayez and RCU Chief Executive Officer Abeer AlAkel, marking a key step towards positioning AlUla as a global cultural destination.

Memorandum of Understanding between Ministry of Culture and the Royal Commission for AlUla
Memorandum of Understanding between Ministry of Culture and the Royal Commission for AlUla

His Excellency Vice Minister of Culture Hamed Fayez affirmed that this agreement drives forward the partnership between the Ministry of Culture and RCU, paving the way to significantly enhance the presence of Saudi cultural identity in AlUla. He noted that AlUla seamlessly blends diverse natural landscapes with authentic heritage and thousands of years of history. It stands as an open-air museum and a powerful reflection of the human civilizations that have flourished across the Kingdom’s land.

Abeer AlAkel, CEO of RCU, stated that the agreement significantly strengthens RCU’s partnership with MOC and builds upon previous successes in areas of shared cultural interest. She added that this agreement represents a fundamental step for cultural development in AlUla, aligning with the cultural ambitions of Saudi Vision 2030, and will contribute to the integration of expertise and innovations at both national and global levels, empowering the cultural and knowledge-based economy.

The agreement outlines broad areas of cooperation, underscoring the joint development of cultural infrastructure in AlUla. This includes long-term planning, addressing development needs, and implementing initiatives to ensure the continuity and sustainability of cultural activities across the arts and heritage sectors.

It also supports the coordination of cultural events, festivals and initiatives across a wide spectrum of disciplines, including heritage, cinema, music, museums, culinary arts, visual arts, architecture, design and libraries. The agreement encourages closer cooperation between cultural institutions and RCU to facilitate the exchange of expertise and enhance the quality and diversity of cultural content in AlUla.

In addition, the MoC and RCU will support the development of community-focused, educational and professional programs aimed at nurturing talent and enabling broader participation in the cultural sector at local, national and international levels. The agreement also seeks to stimulate the cultural economy, attract investment into creative industries, and support cultural entrepreneurs in establishing ventures in AlUla, driving inclusive economic growth and generating high-value employment anchored in creativity and knowledge.

This agreement builds upon a strong record of collaboration between MOC and RCU, which has already produced a number of successful initiatives, including the Wadi AlFann Dialogue, the AlUla Future Culture Summit and the 2023 AlUla World Archaeology Summit. The two entities have also jointly supported the Prince Mohammed bin Salman Project for the Development of Historical Mosques and have worked together to expand cultural programming across AlUla. Furthermore, the scope extends to initiatives supporting the growth of public and private cultural schools in AlUla.

About the Cultural Investment Conference

The Cultural Investment Conference is an influential platform that highlights culture as both a pillar of national identity and a promising investment opportunity. The annual two-day event positions culture as a sustainable economic engine by supporting innovation, fostering entrepreneurship, while serving as a meeting point to exchange expertise, explore innovative financing tools, and build international partnerships that advance sustainable cultural investment and the growth of creative industries.

About the Ministry of Culture

Saudi Arabia has a vast history of arts and culture. The Ministry of Culture is developing the Kingdom’s cultural economy and enriching the daily lives of citizens, residents and visitors.
Overseeing 11 sector-specific commissions, the Ministry works to support and preserve a vibrant culture that is true to its past and looks to the future by cherishing heritage and fostering new and inspiring forms of expression for all.

Find the Ministry of Culture on social media: X @MOCSaudi Arabic; @MOCSaudi_En English | Instagram @mocsaudi

About the Royal Commission for AlUla

RCU, was established by royal decree in July 2017 to preserve and develop AlUla, a region of outstanding natural and cultural significance in north-west Saudi Arabia. RCU’s long-term plan outlines a responsible, sustainable and sensitive approach to urban and economic development that preserves the area’s natural and historic heritage while establishing AlUla as a desirable location to live, work and visit.

This encompasses a broad range of initiatives across archaeology, tourism, culture, education and the arts, reflecting a commitment to meeting the economic diversification, local community empowerment and heritage preservation priorities of the Kingdom of Saudi Arabia’s Vision 2030 program.

Bringing together more than 100 experts and 1,500 participants, the Cultural Investment Conference will chart new pathways for culture as a driver of sustainable growth.
Bringing together more than 100 experts and 1,500 participants, the Cultural Investment Conference will chart new pathways for culture as a driver of sustainable growth.

 

INLIF LIMITED Reports First Half of Fiscal Year 2025 Financial Results

QUANZHOU, China, Sept. 30, 2025 /PRNewswire/ — INLIF LIMITED (Nasdaq: INLF) (the “Company” or “INLIF”), a company engaged in the research, development, manufacturing, and sales of injection molding machine-dedicated manipulator arms, today announced its unaudited financial results for the first half of fiscal year 2025 ended June 30, 2025.

Mr. Rongjun Xu, Chief Executive Officer of INLIF, remarked, “We are pleased to present our financial performance results for the first half of fiscal year 2025, highlighting our continued growth in both revenue and gross profit as compared to the same period in 2024. Driven by the expansion of our customer base and rising demand for manipulator arms, particularly from capacity expansion in industries such as new energy vehicles, home appliances, and packaging, along with government incentives for automation and intelligent manufacturing, our revenue maintained strong momentum, increasing 52.49% year-over-year for the six-month period, while gross profit grew 4.90%.

This performance reflects the success of our proactive expansion strategy, including active sales and marketing initiatives and a strong focus on technological innovation, which have significantly contributed to new customer acquisition and sales growth. During the period, we actively participated in domestic industry exhibitions to attract potential customers and executed expansion initiatives through online platforms to enhance overseas outreach. Specifically, we exhibited in Shenzhen, Xiamen and Wenzhou, generating over 450 qualified leads and converting 15 into new orders.

At the same time, we are committed to continuing our investment in research and development (R&D) to advance our products with more practical and efficient technologies. Furthermore, we believe that our successful initial public offering on Nasdaq has elevated our brand recognition and market visibility.

In parallel, we adhered to a disciplined and balanced cost-control strategy. We tightened control over selling expenses by reducing travel and marketing costs, while improving the efficiency of customer acquisition through hosting receptions at our own facilities and leveraging online platforms more effectively.

Meanwhile, we expanded our administrative headcount and granted share-based compensation to key administrative employees during the period to strengthen our core management team and support future development. While these one-time expenses contributed to a net loss for the current period, we believe they had no material impact on our operations or financial health.

Looking ahead, we remain confident in our preparation and ongoing strategic initiatives for sustained growth and development. We are committed to delivering greater value to our shareholders through our unwavering efforts and dedication.”

First Half of Fiscal Year 2025 Financial Summary

  • Net revenue was $10.27 million for the first half of fiscal year 2025, representing an increase of 52.49% from $6.74 million for the same period of last year.
  • Gross profit was $1.80 million for the first half of fiscal year 2025, representing an increase of 4.90% from $1.71 million for the same period of last year.
  • Gross profit margin was 17.50% for the first half of fiscal year 2025, compared to 25.45% for the same period of last year.
  • Net loss was $1.98 million for the first half of fiscal year 2025, compared to a net income of $0.39 million for the same period of last year.
  • Basic and diluted loss per share were $0.13 for the first half of fiscal year 2025, compared to basic and diluted earnings per share of $0.03 for the same period of last year.

First Half of Fiscal Year 2025 Financial Results

Net Revenue

Net revenue was $10.27 million for the first half of fiscal year 2025, representing an increase of 52.49% from $6.74 million for the same period of last year. The increase was primarily attributable to (i) an increase in sales of manipulator arms, including installation and warranty services, by approximately $1.03 million; (ii) an increase in sales of raw materials and scraps by approximately $3.21 million. These increases were partially offset by decreases of approximately $0.66 million and $0.05 million in sales of accessories and installation services, respectively, as the increased demand from existing customers for raw materials resulted in lower demand for accessories.

  • Sales of manipulator arms and installation and warranty services were $4.37 million for the first half of fiscal year 2025, representing an increase of 30.69% from $3.35 million for the same period of last year.
  • Sales of accessories were $0.39 million for the first half of fiscal year 2025, compared to $1.05 million for the same period of last year.
  • Sales of raw materials and scraps were $5.47 million for the first half of fiscal year 2025, representing an increase of 142.33% from $2.26 million for the same period of last year.
  • Sales of installation services were $41,523 for the first half of fiscal year 2025, compared to $87,364 for the same period of last year.

Cost of Revenue

Cost of revenue was $8.47 million for the first half of fiscal year 2025, representing an increase of 68.73% from $5.02 million for the same period of last year. The increase was primarily attributable to the Company’s business growth and an increase in sales resulting in an increase of costs accordingly.

Gross Profit and Gross Profit Margin

Gross profit was $1.80 million for the first half of fiscal year 2025, representing an increase of 4.90% from $1.71 million for the same period of last year. The increase mainly due to (i) an increase in gross profit from sales of manipulator arms, including installation and warranty services, by approximately $0.05 million; (ii) an increase in gross profit from sales of raw materials and scraps by approximately $0.18 million; and (iii) offset by a decrease in gross profit from sales of accessories and installation services by approximately $0.10 million and $0.05 million, respectively

Gross profit margin was 17.50% for the first half of fiscal year 2025, compared to 25.45% for the same period of last year.

Operating Expenses

Operating expenses were $3.87 million for the first half of fiscal year 2025, representing an increase of 148.04% from $1.56 million for the same period of last year.

  • Selling expenses were $0.41 million for the first half of fiscal year 2025, representing a decrease of 14.48% from $0.48 million for the same period of last year. The decrease was mainly due to (i) a reduction of approximately $0.02 million in entertainment expenses, as customer receptions were held at the Company’s own facilities; (ii) a reduction of approximately $0.01 million in travel expenses, mainly due to fewer personnel participating in exhibitions in the first half of 2025 compared with the same period in 2024; and (iii) a decrease of approximately $0.08 million in advertising expenses, as the Company did not renew its advertising contract upon expiration in 2025.
  • General and administrative expenses were $2.68 million for the first half of fiscal year 2025, representing an increase of 485.23% from $0.46 million for the same period of last year. The increase was mainly due to (i) an increase in staff salaries and benefits by approximately $0.06 million, primarily due to the growth in administrative headcount from 118 in the first half of 2024 to 149 in the first half of 2025; (ii) an increase of share-based compensation expenses by approximately $1.76 million in connection with equity incentives granted to three key administrative employees in the first half of 2025; and (iii) an increase of approximately $0.04 million in expenses related to the Company’s internal celebration of its Nasdaq listing.
  • Research and development expenses were $0.77 million for the first half of fiscal year 2025, representing an increase of 24.68% from $0.62 million for the same period of last year. The increase was primarily attributable to the expansion of the research and development team, with headcount rising from 141 in the first half of 2024 to 186 in the first half of 2025, resulting in higher personnel costs, as well as increased investment in research activities and related material consumption.

Net Income (Loss)

Net income was $1.98 million for the first half of fiscal year 2025, compared to a net income of $0.39 million for the same period of last year.

Basic and Diluted Earnings (Loss) per Share

Basic and diluted loss per share were $0.13 for the first half of fiscal year 2025, compared to basic and diluted earnings per share of $0.03 for the same period of last year.

Financial Condition

As of June 30, 2025, the Company had cash and cash equivalents of $1.72 million, compared to $2.47 million as of December 31, 2024.

Net cash used in operating activities was $2.94 million for the first half of fiscal year 2025, compared to $0.29 million for the same period of last year.

Net cash used in investing activities was $5.02 million for the first half of fiscal year 2025, compared to $5,743 for the same period of last year.

Net cash provided by financing activities was $6.91 million for the first half of fiscal year 2025, compared to $1.47 million for the same period of last year.

About INLIF LIMITED

Through its operating entity in the People’s Republic of China, Ewatt Robot Equipment Co. Ltd., established in September 2016, INLIF is engaged in the research, development, manufacturing, and sales of injection molding machine-dedicated manipulator arms. It is also a provider of installation services and warranty services for manipulator arms, and accessories and raw materials for manipulator arms. The Company produces an extensive portfolio of injection molding machine-dedicated manipulator arms, including transverse single and double-axis manipulator arms, transverse and longitudinal multi-axis manipulator arms, and large bullhead multi-axis manipulator arms, all developed by itself. For more information, please visit the Company’s website: https://ir.yiwate88.com/.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these statements by the use of words such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. These statements are subject to uncertainties and risks, including, but not limited to, the uncertainties related to market conditions, and other factors discussed in the “Risk Factors” section of the registration statement filed with the U.S. Securities and Exchange Commission (the “SEC“). Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov.

For investor and media inquiries, please contact:

INLIF LIMITED
Investor Relations Department
Email: ir@yiwate88.com 

Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email: investors@ascent-ir.com 

 

INLIF LIMITED
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
(Expressed in U.S. Dollars, except for the number of shares)

As of 
June 30,
2025

As of
 December 31,
2024

ASSETS

CURRENT ASSETS:

Cash and cash equivalents

$

1,715,784

$

2,467,638

Accounts receivable, net

7,141,688

3,840,120

Inventories

3,662,699

5,300,458

Deferred offering costs

1,482,558

Prepayments and other current assets

4,638,000

159,570

Amounts due from related parties

2,089

1,030

TOTAL CURRENT ASSETS

$

17,160,260

$

13,251,374

NON-CURRENT ASSETS:

Property, plant, and equipment, net

$

3,487,572

$

3,037,312

Land-use rights, net

2,146,880

2,130,164

Intangible assets, net

41,979

43,773

Finance lease assets

111,202

Deferred tax assets

6,991

5,169

TOTAL NON-CURRENT ASSETS

$

5,794,624

$

5,216,418

TOTAL ASSETS

$

22,954,884

$

18,467,792

LIABILITIES

CURRENT LIABILITIES:

Accounts payable

$

1,726,132

$

3,132,613

Bank loans

4,578,703

4,630,581

Contract liabilities

1,712

Accrued expenses and other payables

471,883

190,645

Warranty liabilities

46,080

31,602

Income taxes payable

8,906

27,337

Amounts due to related parties

169,812

186,768

Current finance lease liabilities

58,925

TOTAL CURRENT LIABILITIES

$

7,060,441

$

8,201,258

NON-CURRENT LIABILIT:

Finance lease liabilities

$

42,946

$

TOTAL NON-CURRENT LIABILITY

$

42,946

$

TOTAL LIABILITIES

$

7,103,387

$

8,201,258

COMMITMENTS AND CONTINGENCIES (NOTE 19)

SHAREHOLDERS’ EQUITY

Class A Ordinary Share, $0.0001 par value, 350,000,000 shares authorized;
   3,400,000 shares issued and outstanding*

$

340

$

Class B Ordinary Share, $0.0001 par value, 150,000,000 shares authorized;
   12,500,000 shares issued and outstanding*

1,250

1,250

Additional paid-in capital

14,378,738

7,037,503

Statutory reserve

361,083

361,083

Retained earnings

1,226,398

3,201,818

Accumulated other comprehensive loss

(116,312)

(335,120)

TOTAL SHAREHOLDERS’ EQUITY

$

15,851,497

$

10,266,534

TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY

$

22,954,884

$

18,467,792

*

The share amounts are presented on a retrospective basis.

 

 

 

INLIF LIMITED
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND
COMPREHENSIVE INCOME (LOSS)
(Expressed in U.S. Dollars, except for the number of shares)

For the six months
ended 
June 30,

2025

2024

Revenue

$

10,270,988

$

6,735,689

Cost of revenue

(8,473,079)

(5,021,704)

Gross profit

1,797,909

1,713,985

Operating expenses:

Selling expenses

(412,056)

(481,822)

General and administrative expenses

(2,682,433)

(458,358)

Research and development expenses

(770,713)

(618,137)

Total operating expenses

(3,865,202)

(1,558,317)

Operating (loss) income

(2,067,293)

155,668

Other income (expenses):

Interest income

135,574

1,186

Interest expenses

(94,780)

(91,740)

Other income, net

19,810

344,341

Other expenses, net

(4,272)

(1,831)

Exchange gain

33,838

280

Total other expenses, net

90,170

252,236

(Loss) Income before income tax

(1,977,123)

407,904

Income tax benefits (expenses)

1,703

(17,823)

Net (loss) income

$

(1,975,420)

$

390,081

Comprehensive income (loss)

Net (loss) income

$

(1,975,420)

$

390,081

Foreign currency translation adjustments, net of tax

218,808

(218,837)

Comprehensive (loss) income

$

(1,756,612)

$

171,244

Earnings per share, basic and diluted

$

(0.13)

$

0.03

Weighted average number of shares

14,787,293

12,500,000

*

The share amounts are presented on a retrospective basis.

 

 

 

INLIF LIMITED
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Expressed in U.S. Dollars, except for the number of shares)

For the six months
ended 
June 30,

2025

2024

Cash flows from operating activities:

Net (loss) income

$

(1,975,420)

$

390,081

Adjustments to reconcile net (loss) income to net cash used in operating activities:

Share-based compensation

1,764,000

Depreciation and amortization

141,432

184,531

Bad debt reversal

(2,333)

(2,767)

Amortization of finance lease right of use assets

868

Deferred tax assets

(1,822)

415

Changes in operating assets and liabilities:

Accounts receivable

(3,299,235)

131,004

Inventories

1,637,759

392,025

Prepayments and other current assets

(78,431)

8,224

Accounts payable

(1,406,480)

(1,219,751)

Interest expense on finance lease liabilities

541

Contract liabilities

(1,712)

(58,344)

Accrued expenses and other payables

281,237

(134,076)

Warranty liabilities

14,478

Income taxes payable

(18,430)

14,599

Net cash used in operating activities

(2,943,548)

(294,059)

Cash flows from investing activities:

Purchase of property, plant, and equipment

(618,796)

(5,743)

Loans to related parties

(1,070)

Loan to a third party

(4,400,000)

Net cash used in investing activities

(5,019,866)

(5,743)

Cash flows from financing activities:

Issuance of ordinary shares, net of offering costs

7,060,133

Principal payments on finance lease liabilities

(10,741)

Proceeds from short-term loans

3,196,717

3,548,186

Repayment of short-term loans

(3,336,311)

(2,217,616)

Deferred offering costs

(202,380)

Amount financed from related parties

572,422

Amount repaid to related parties

(226,943)

Net cash provided by financing activities

6,909,798

1,473,669

Effect of exchange rate changes

301,762

(176,010)

Net (decrease) increase in cash

(751,854)

997,857

Cash and cash equivalents at beginning of the period

2,467,638

598,933

Cash and cash equivalents at end of the period

$

1,715,784

$

1,596,790

Supplemental disclosures of cash flows information:

Cash paid for income taxes

15,326

340

Cash paid for interest expense

94,780

95,869

Supplementary disclosure of non-cash information:

Right of use assets obtained in exchange for finance lease liabilities

112,071

 

HH Sayyid Bilarab Al Said Spotlights Youth-Built Oman Pavilion at Expo 2025 Osaka

A WINNING PROJECT OF THE BILARAB BIN HAITHAM AWARD FOR ARCHITECTURAL DESIGN HIGHLIGHTS OMAN’S RENEWED RENAISSANCE

MUSCAT, Oman, Sept. 30, 2025 /PRNewswire/ — The Sultanate of Oman placed global attention on youth-led architecture as His Highness Sayyid Bilarab bin Haitham Al Said, Honorary President of the “Programme of Promising Omani Startups” (POPS), visited the Sultanate of Oman Pavilion at Expo 2025 Osaka, Japan. Assigned by His Majesty Sultan Haitham bin Tarik, HH Sayyid Bilarab centered his program on the pavilion’s design origins and on the young Omani team that delivered the project after winning the Bilarab Bin Haitham Award for Architectural Design. The visit positioned the pavilion as a flagship example of how the award converts promising concepts into built public works that represent Oman internationally.

HH Sayyid Bilarab Al Said Visits Oman Pavilion at Expo 2025 Osaka
HH Sayyid Bilarab Al Said Visits Oman Pavilion at Expo 2025 Osaka

During the tour, HH Sayyid Bilarab met curators and members of the award-winning team and reviewed the core experiences that carry the pavilion’s theme, Earth, Water, and Humanity. He began at the Water Corridor, which links interior galleries to an outdoor plaza and references Oman’s aflaj irrigation systems through shade, airflow, and reflective surfaces that create thermal comfort. He continued to the Land and Water Hall, where an immersive film traces biodiversity from the Arabian Sea to the Hajar Mountains.

Sayyid Said bin Sultan Al Busaidy, Under-Secretary of the Ministry of Culture, Sports and Youth for Culture and Commissioner-General of Oman’s participation, stated that the pavilion showcases achievements of Oman’s renewed renaissance that prioritize openness, cultural exchange, and youth creativity. He noted that commissioning the pavilion through the Bilarab Bin Haitham Award signals national confidence in young architects to deliver at an international standard and to tell Oman’s story through contemporary design.

HH Sayyid Bilarab also signed the Expo VIP guest book, exchanged commemorative gifts with Japanese counterparts, and visited the Japan Pavilion, where he was received by Director Noriyuki Kuroda and briefed on zones titled the Land, the Farm, and the Factory. The Omani National Day celebration at Expo formed the backdrop to the visit and included the national anthems of both countries and a performance by the Royal Cavalry Band.

The Bilarab Bin Haitham Award for Architectural Design is a national program that elevates young Omani architects and designers by commissioning real projects that serve communities at home and represent Oman abroad. The pavilion at Expo 2025 Osaka stands as a built demonstration of this model and of Oman’s commitment to youth-led creativity. The Sultanate of Oman Pavilion has welcomed more than one million visitors to date, an indicator of strong international interest in the country’s culture, innovation, and approach to sustainable design.

Photo: https://laotiantimes.com/wp-content/uploads/2025/09/sultanate_of_oman_1.jpg
Photo: https://laotiantimes.com/wp-content/uploads/2025/09/sultanate_of_oman_2.jpg

HH Sayyid Bilarab Al Said Visits Oman Pavilion at Expo 2025 Osaka
HH Sayyid Bilarab Al Said Visits Oman Pavilion at Expo 2025 Osaka

 

Bybit Kazakhstan Launches Pilot for QR-Based Digital Asset Payments as NBK Sandbox Application Progresses

DUBAI, UAE, Sept. 30, 2025 /PRNewswire/ — Bybit Limited (Bybit Kazakhstan), a crypto exchange licensed by the Astana Financial Services Authority (AFSA), formally applied to the National Bank of the Republic of Kazakhstan (NBK) for participation in the special regulatory regime, or sandbox, and has already begun testing its first pilot project for payments with digital assets via QR codes. Bybit Kazakhstan is ready to demonstrate the prototype, supporting Kazakhstan’s plan to test safe, useful and well-supervised digital finance under the central bank’s oversight.

Building the ecosystem with forward-thinking regulators

Bybit Kazakhstan is working toward participation in the National Bank of the Republic of Kazakhstan (NBK) and the National Payment Corporation of Kazakhstan sandbox environment for pilot testing where protective measures are a priority. Bybit Kazakhstan’s role is to bring product design, user experience and compliance operations that fit local rules and infrastructure. This work reflects our belief that strong oversight and good product design go hand in hand.

What the Pilot Involves

Verified users will scan a standard merchant QR code via a POS terminal or during an online purchase and then initiate payment in the Bybit Kazakhstan app using digital assets. The transaction is converted and settled in tenge through local partners. We apply audit-ready reporting, risk limits, and clear user prompts specifically designed for the pilot test environment.

The goal is simple: keep the merchant’s process familiar, add protective mechanisms for users, and provide regulators with practical data.

Key Principles

  • Security first: applying KYC/AML mechanisms and audit-ready logs.
  • Simplicity and speed for users.
  • Minimal changes for merchants thanks to using standard QR payment methods.
  • Full compliance with NBK oversight.

Public Demonstration at Digital Bridge Astana

Bybit Kazakhstan will showcase the prototype in a test environment at its booth during Digital Bridge Astana, October 2–4, 2025. The demo will reflect both the formal sandbox application and the first pilot testing in progress.  Stakeholders will be able to see real transaction scenarios and review both the technical and compliance aspects onsite.

#Bybit / #TheCryptoArk

About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, with a global community of over 70 million users. Founded in 2018, Bybit has since redefined transparency in the decentralized world and continues to build a simpler, more open, and fairer ecosystem for all. Bybit maintains strategic partnerships with leading Web3 protocols to provide reliable infrastructure and drive on-chain innovation. The exchange is recognized for its secure custodial services, diverse marketplaces, intuitive user interface, and advanced blockchain tools. This bridges the gap between TradFi and DeFi, empowering developers, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

Bybit Kazakhstan
Bybit Kazakhstan is authorized by the financial regulator of the Astana International Financial Centre (AIFC) — the Astana Financial Services Authority (AFSA) — to conduct regulated activities, including operating a digital asset trading platform, providing custodial services, carrying out investment activities as both principal and agent, and managing investments in relation to digital assets under License No. AFSA-A-LA-2024-0027.

The license status and validity can be verified on the official AFSA website: www.afsa.kz.

For media inquiries, please contact: media@bybit.com

Oraichain Unveils LFG!!! Perps DEX for Mobile-Native Traders

NEW YORK, Sept. 30, 2025 /PRNewswire/ — Oraichain Labs has announced the next evolution of LFG!!!, a mobile-first perpetual DEX built for modern traders. This milestone marks a significant step toward the mass adoption of Oraichain technology, which combines cutting-edge infrastructure with an intuitive user experience.

LFG!!! Perps DEX for Mobile-Native Traders
LFG!!! Perps DEX for Mobile-Native Traders

A Mobile-First Perps DEX Without Friction

Trading perpetual contracts can often feel intimidating, but LFG!!! aims to change that. The platform delivers:

  • Mobile-first design with safeguards against fat-finger mistakes.
  • AI-powered tips and signals to highlight trending coins and breakout opportunities from Thesis.io.
  • Extreme leverage — up to 1001x — supported by deep liquidity pools.
  • High-performance backend, powered by Oraichain’s perpetual sub-chain, capable of 100,000 orders per second with 50ms block times.

The outcome is clear: secure, instant trades anytime, anywhere, all from your mobile device.

$LFG Token Powering Growth

At the core of LFG!!! lies the $LFG token, designed to align the protocol with its community. Holders gain:

  • Governance rights to shape platform decisions.
  • Reduced trading fees.
  • Staking opportunities to share in protocol revenues.

Holding $LFG allows holders to vote on platform decisions, to receive reduced trading fees, and to stake to earn a share of protocol revenues. A portion of the tokens is also used for grants and partnerships to drive ecosystem growth. The launch of $LFG aligns the protocol and its users. With incentives like farming points for airdrops (opening Oct 1, 2025, on lfg.land) to bootstrap adoption, plus a clear governance layer, the community directly shapes the future of the LFG!!! Perps DEX.

Tokenomics are structured to balance growth and sustainability. Expect significant revenue allocation toward buybacks of both $ORAI and $LFG, a model proven effective in projects like GMX and dYdX, where buybacks and fee-sharing mechanisms reinforce long-term token value.

Why It Matters

By lowering barriers and gamifying the trading experience, LFG!!! positions Oraichain as a pioneer in mobile-first DeFi. The community-first design, combined with extreme performance and clear incentives, creates a DEX that is both scalable and enjoyable.

Be early and get started

  1. Download the LFG!!! App
  2. Follow LFG!!! on Twitter to get the earliest info on the upcoming airdrops and listing.
  3. Join the community shaping the future of mobile perpetual trading.

 

Live Crypto Canvas: Real-time Market Map

NEW YORK, Sept. 30, 2025 /PRNewswire/ — Thesis.io introduces Crypto Canvas, a live, queryable market map that turns the crypto firehose into a single, readable view. Built for traders, it surfaces actionable signals and delivers instant intuition about the real-time market situation.

“Crypto Canvas condenses fragmented data into a fair, comparable view so you can see the whole structure, spot the unexpected, and help you act fast,” said the principal data scientist at Thesis.io.

Live Crypto Canvas: Real-time Market Map
Live Crypto Canvas: Real-time Market Map

Hundreds of Signals in One Frame

Most tools show slices. Lists show ranks. Charts show trends. Heatmaps show distribution. But Crypto Canvas shows the whole field at once. One fixed view can hold hundreds of signals, so you can judge context at a glance and dive deeper when something moves. This new tool aims to set a new standard for how we visualize and digest massive data.

Crypto Structure on Crypto Canvas

Crypto Canvas currently tracks over 4,000+ Web3 projects and 130k+ crypto KOLs on X.

Every project appears as a tile on the map. For very small market caps, multiple projects in the same category are grouped into a single tile to keep the view clear. Tile size tracks market cap and updates from time to time without affecting the fixed view. Similar categories sit close together so sectors and rotation are easy to spot. Tap a tile to see core signals in real time, like price, volume, market cap, and social sentiment. A Mindshare layer shows which KOLs are talking about a project and how much attention they move. If the same KOL covers multiple tokens, we draw a link between them, and each tile shows that author’s impact share for that project. The result is a living market view that stays clear as conditions change. The map is fully interactive: zoom into a theme, search tokens or cohorts, filter by sector or chain, and lock the view to compare side by side.

Why Crypto Canvas?

Traders use Crypto Canvas to shrink decision time. Liquidity often forms before the story, so clusters and heat pockets highlight possible entries. Whale cohorts become visible through synchronized moves. Because the view is fixed, side-by-side comparisons remain clean across tokens, chains, and days. Mindshare-to-market effects become testable by correlating KOL waves with price moves.

Crypto Canvas is now in open beta. See the live market map, explore signals, and request features that match your playbook.