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NYSE Content Advisory: Pre-Market update + Hinge Health, MNTN pop double digits in trading debuts

NEW YORK, May 23, 2025 /PRNewswire/ — The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today’s NYSE Pre-market update for market insights before trading begins. 

Kristen Scholer delivers the pre-market update on May 23rd

  • Digital health platform Hinge Health (NYSE: HNGE) saw its stock rise 17% in its NYSE debut yesterday. Shares of TV AdTech company MNTN (NYSE: MNTN) jumped nearly 26% in its NYSE debut as well.
  • Traders continue to evaluate the effect of higher U.S. treasury yields on the economy. Early Thursday, the House GOP advanced President Trump’s sweeping tax bill to the senate. Concerns about the cost of the bill took yields higher.
  • Wall Street is heading into a long weekend with equity markets closed on Monday for Memorial Day.

Opening Bell
The U.S. Navy celebrates Fleet Week New York

Closing Bell
U-Haul (NYSE: UHAL) celebrates its 80th anniversary

Click here to download the NYSE TV App

Video – https://mma.prnewswire.com/media/2695145/NYSE_May_23_Market_Update.mp4 

 

HKSTP and Global Leader Würth Elektronik Launch the First New Engineering Service Programme

A Strategic Partnership Accelerate New Industralisation and Microelectronics Development


HONG KONG SAR – Media OutReach Newswire – 23 May 2025 – Hong Kong’s advanced manufacturing and microelectronics sector received a significant boost today with a three-year strategic partnership between Hong Kong Science and Technology Parks Corporation (HKSTP) and Würth Elektronik. Under this collaboration, Würth Elektronik —a global premier electronic components manufacturer with a R&D base at Hong Kong Science Park—will launch the first pilot Engineering Service Programme in InnoPark. Leveraging its global network, specialised expertise and cutting-edge tools, Würth Elektronik will further strengthen Hong Kong’s advanced manufacturing ecosystem and nurture local tech talent, propelling the city as the international innovation and technology (I&T) and new industrialization hub.

Hong Kong’s advanced manufacturing and microelectronics sector received a significant boost today with a three-year strategic partnership between HKSTP and Würth Elektronik. (Front row from left: Mr Daniel Yu, General Manager, Wurth Electronics (HK) Ltd; Mr Oscar Wong, Head of Innofacturing of HKSTP. Back row from left: Mr Thomas Garz, Chief Executive Officer, Würth Elektronik eiSos Group; Professor Sun Dong, Secretary for Innovation, Technology, and Industry; Mr Albert Wong, Chief Executive Officer, HKSTP)
Hong Kong’s advanced manufacturing and microelectronics sector received a significant boost today with a three-year strategic partnership between HKSTP and Würth Elektronik. (Front row from left: Mr Daniel Yu, General Manager, Wurth Electronics (HK) Ltd; Mr Oscar Wong, Head of Innofacturing of HKSTP. Back row from left: Mr Thomas Garz, Chief Executive Officer, Würth Elektronik eiSos Group; Professor Sun Dong, Secretary for Innovation, Technology, and Industry; Mr Albert Wong, Chief Executive Officer, HKSTP)

Würth Elektronik, a global leader based in Waldenburg, Germany, operates with 23 production sites worldwide, making it one of the most successful entities within the Würth Group. In 2024, the company employed around 7,500 people and achieved sales of 1.02 Billion Euro.

Their Technical Service Centre was established in the Hong Kong Science Park in 2024. Through the Engineering Service Programme, about 100 microelectronics related startups and SMEs in both Science Park and InnoPark will gain access to Würth Elektronik’s essential components and tools, together with business and technical consultation support, speeding up the whole product development cycle ranging from research and development, prototyping to pilot production. Additionally, together with the infrastructure and facilities at Advanced Manufacturing Centre in Tseung Kwan O InnoPark, the high-potential prototyping projects would significantly accelerate their path to commercialisation and mass production.

Würth Elektronik will deliver hands-on skills training, technical workshops, and industry seminars in InnoPark to technology start-ups and local students. The company’s experts will also host insight-sharing sessions with Hong Kong’s industry practitioners on emerging global industry trends, market opportunities, and technical knowledges, positioning the city’s high-skilled talent for global success in the rapidly evolving microelectronics landscape.

Professor Sun Dong, Secretary for Innovation, Technology and Industry, said, “The Engineering Service Programme will equip our local ecosystem with specialised tools and expertise, accelerating progress in microelectronics and advanced manufacturing. From R&D to prototyping and small-scale production, this programme will support companies at every stage – perfectly aligning with the Government’s strategy to foster high-value, tech-driven industries and cement Hong Kong’s role in the global I&T landscape. With Würth Electronics’ global network and HKSTP’s local support, the programme is poised to become a testing ground for next-generation industrial solutions.”

Mr Albert Wong, CEO of HKSTP, said, “Würth Elektronik has been a key enabler of HKSTP’s I&T ecosystem. We are delighted with their strengthened commitment towards Hong Kong’s microelectronics and advanced manufacturing development—a driving force in our ecosystem’s prospects and the potential of our innovative talent. This collaboration will create a substantial impact on our community of 270 microelectronics related companies while delivering strategic value for Würth Elektronik, ultimately catalysing Hong Kong’s agenda in advanced manufacturing and new industrialisation.”

Mr Thomas Garz, CEO of Würth Elektronik eiSos Group, said: “Being the leading electronic components manufacturer, we see the opportunity in Hong Kong. With the global experience in the industry, we utilise the global expertise to help the local market on developing the innovation and technology projects. As an enabler in the whole product life cycle from development to production and then to market, we offer the More Than You Expect experience in the product development journey. Partnering with HKSTP to facilitate the R&D and advanced manufacturing for companies in this ecosystem will further boost up the synergy to contribute the innovation development in Hong Kong.”

The signing ceremony was held at the “Advanced Manufacturing in Hong Kong: Enabling Global Microelectronics Innovations” event. Alongside was a fireside chat hosted by Würth Elektronik’s representatives, academia, start-up founders and industry experts, sharing insights on industry-academia-research collaboration, entrepreneurship, and innovation ecosystem support from HKSTP. The discussion aimed to inspire students about career prospects and opportunities in Hong Kong’s growing microelectronics sector.

Würth Elektronik has successfully supported many park companies, the event also featured an exhibition of the electronics innovations co-created by Würth Elektronik’s partners and HKSTP partner companies benefiting from Würth’s engineering services and Electromagnetic Compatibility (EMC) testing support. The technologies showcased Würth Elektronik’s expertise in accelerating companies’ innovation journey and delivering higher-quality solutions to market more efficiently.

The Hong Kong Special Administrative Region (HKSAR) Government is committed to advancing new industrialisation in Hong Kong with an industry-oriented approach to drive diversified economic growth. Comprehensive support is proactively provided, such as the “New Industrialisation Acceleration Scheme” (NIAS), “New Industrialisation Funding Scheme” (NIFS), and the upcoming “Pilot Manufacturing and Production Line Upgrade Support Scheme (Manufacturing+)”.

HKSTP fully supports the government’s new industrialisation strategy by empowering microelectronics companies with extensive support services and infrastructure, including Hardware Lab, Sensor Packaging and Integration Lab, Heterogeneous Integration Lab (HI Lab), as well as Microelectronics Centre, Advanced Manufacturing Centre and ProShop at the InnoParks. These resources power the entire product lifecycle—from R&D and design to prototyping and commercialisation—offering technologies and services that position Hong Kong as a hub for new industralisation and advanced manufacturing.
Hashtag: #HKSTP

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

About Hong Kong Science and Technology Parks Corporation

Hong Kong Science and Technology Parks Corporation (HKSTP) was established in 2001 to create a thriving I&T ecosystem grooming 13 unicorns, more than 15,000 research professionals and over 2,300 technology companies from 25 countries and regions focused on developing healthtech, AI and robotics, fintech and smart city technologies, etc.

Our growing innovation ecosystem offers comprehensive support to attract and nurture talent, accelerate and commercialise innovation for technology ventures, with the I&T journey built around our key locations of Hong Kong Science Park in Pak Shek Kok, InnoCentre in Kowloon Tong and three modern InnoParks in Tai Po, Tseung Kwan O and Yuen Long realising a vision of new industrialisation for Hong Kong, where sectors including advanced manufacturing, micro-electronics and biotechnology are being reimagined.

Hong Kong Science Park Shenzhen Branch in Futian, Shenzhen plays positive roles in connecting the world and the mainland with our proximity, strengthening cross-border exchange to bring advantages in attracting global talent and allowing possibilities for the development of technology companies in seven key areas: Medtech, big data and AI, robotics, new materials, microelectronics, fintech and sustainability, with both dry and wet laboratories, co-working space, conference and exhibition facilities, and more.

Through our R&D infrastructure, startup support and enterprise services, commercialisation and investment expertise, partnership networks and talent traction, HKSTP continues to contribute in establishing I&T as a pillar of growth for Hong Kong.

More information about HKSTP is available at .

WGC2025 | ENN Leverages “Intelligence + Low Carbon” to Pioneer a New Paradigm for Sustainable Energy Development

LANGFANG, China, May 23, 2025 /PRNewswire/ — From May 19 to 23, 2025, the 29th World Gas Conference (WGC2025), hosted by the International Gas Union (IGU), convened in Beijing. As the premier global event in the energy sector, WGC2025 attracted leading companies and industry experts from around the world to engage in in-depth discussions on cutting-edge gas technologies and the industry’s transition toward low-carbon solutions.

ENN’s exhibition pavilion at WGC 2025
ENN’s exhibition pavilion at WGC 2025

Under the theme “Intelligence Fuels Ecology, Green Energizes Growth,” ENN took an active role in the global dialogue. Through forums, exhibitions, and paper presentations, the company exchanged insights with domestic and international partners, sharing its strategic thinking and innovations in intelligent and low-carbon energy development. At sessions such as “The Future of City Gas,” “Intelligence Accelerating Digital Transformation in the Gas Industry,” and “Smart Energy Systems,” ENN explored industry trends and collaboration opportunities, contributing a distinctive “China Solution” to the sustainable development of the global natural gas industry.

Zhang, Yuying, President of ENN Natural Gas and CEO of ENN Energy, remarked at the conference that as the natural gas industry rapidly embraces market-oriented reform, digitalization, and decarbonization, ENN now serves over 31 million residential users and nearly 300,000 business customers across China. Drawing on its extensive full-scenario practices in the natural gas industry, ENN continues to upgrade its development strategy — fusing industrial expertise with intelligent innovation, to meet the growing demand for safe, cost-effective, energy-efficient, and low-carbon energy solutions. Looking ahead, ENN is committed to working closely with partners both at home and abroad to drive the future development of the natural gas industry and inject fresh momentum into the global green transition.

Building Smart, Resilient Cities through IoT and Intelligence

Livability, resilience, and intelligence are the hallmarks of future urban development. With over 30 years of experience in urban gas services, ENN operates 261 city gas projects across 105 Chinese cities, consistently prioritizing intrinsic safety as the foundation of its development.

In response to national initiatives promoting “better housing, neighborhoods, communities, and cities,” ENN has been accelerating the integration of IoT and intelligent technologies into gas infrastructure and urban lifeline systems. The company has:

  • Deployed intelligent sensors to create a comprehensive safety monitoring network;
  • Built intelligent operation centers for enterprises, enabling data-driven dispatch and risk forecasting;
  • Developed citywide safety supervision platforms to enhance data sharing and collaborative governance.

Through its “IoT + Intelligence + Ecology” model, ENN has activated cross-sector coordination between government, enterprises, and communities, establishing a multi-party urban safety protection system that supports resilient and high-quality urban development.

ENN is also contributing to urban infrastructure renewal by introducing advanced IoT and sensing technologies to upgrade the entire lifecycle of gas pipeline planning, design, construction, and operations. This enables more precise alignment with the needs of new infrastructure development and urban resilience enhancement.

To meet growing consumer demand for quality living, ENN has built intelligent service ecosystems centered on IoT. From smart home gas monitoring to integrated public service networks, ENN is embedding technology into daily life – offering safety, warmth, and convenience form millions of households.

Integrating Intelligence and Industry to Upgrade Gas Services Across Scenarios

ENN is committed to advancing a “green and intelligent” vision by accelerating the intelligent transformation of natural gas services across all use cases. Drawing on more than three decades of industry expertise, the company offers customized smart energy solutions that span customer service innovation, efficient resource allocation, optimized facility operations, and enhanced risk control management.

In 2015, ENN launched the GreatGas, a natural gas expertise & capability platform that connects demand-side users, resource providers, and infrastructure operators. Using AI-driven supply-demand matching algorithms, the platform enables cost-effective resource access for consumers and efficient customer outreach for suppliers. To date, the platform has attracted over 2,000 ecosystem partners and served more than 4,500 enterprises. In 2024 alone, it facilitated 4.5 billion cubic meters of gas transactions, improving resource flow efficiency by 40% over traditional models and driving total transaction volume beyond CNY 100 billion.

Dr. Zhang, Jun, Chairman of ENN’s Technology Committee, emphasized at the forum that AI is accelerating a business model shift toward “customer demand-driven” transformation. By deeply understanding customer needs through smart technologies and enabling flexible, data-driven supply-demand coordination, the industry can achieve a new level of systemic optimization.

Green Innovation for a Low-Carbon Energy Future

Driven by China’s carbon peaking & carbon neutrality goals, the global energy transition is increasingly centered on low-carbon development. End-use sectors such as industry, buildings, and campuses now face urgent challenges in decarbonizing their energy systems.

Since 2009, ENN has pioneered integrated energy solutions, merging energy systems with digital intelligence. With its innovative “Energy-Carbon Integrated Solutions,” ENN provides customized low-carbon transition pathways that deliver both environmental and economic value for clients.

During the “Smart Energy Systems” forum, ENN Energy Vice President and CEO of Xinao Shuneng Technology Co., Ltd. Cheng, Lu, highlighted the imperative for natural gas players to take part in building smart energy systems in the carbon peaking & carbon neutrality era. As of now, ENN’s integrated energy business has served over 4,000 clients nationwide, delivering model projects such as low-carbon parks, factories, and buildings. With an annual sales volume of 41.6 billion kWh, ENN has helped clients cut the use of standard coal by 3.15 million tons and reduce carbon emissions by 12.73 million tons annually, underscoring its commitment to corporate carbon reduction responsibilities.

Looking ahead, ENN will continue its long-term investment in the “intelligence + energy” space. By focusing on customer-centric, data-driven energy-carbon synergy, the company aims to drive cleaner, smarter, and more efficient energy production and consumption, laying the foundation for green and sustainable development across cities and industries.

At ENN’s exhibition pavilion, several innovations drew significant attention from attendees, including flexible service models of the Zhoushan LNG Receiving Terminal, intelligent, low-carbon construction technologies for the entire lifecycle of energy facilities, and breakthroughs in clean energy technologies such as coal-to-hydrogen pyrolysis and LNG production from coke oven gas. These innovations provided compelling, real-world demonstrations of ENN’s contribution to a sustainable energy future.

ENN looks forward to deepening collaboration with partners worldwide. By sharing practical experiences in intelligent and low-carbon transformation, the company aims to co-create a smart, interconnected energy ecosystem, driven by dual engines of intelligence and low carbon, to empower cities and industries in their green transformation journey.

Enterprises from 39 Countries Join WCIFIT, with Thailand, Hong Kong, and Sichuan in the Spotlight

CHONGQING, China, May 23, 2025 /PRNewswire/ — A news report from iChongqing: Over 1,300 enterprises from 39 countries and regions gathered in Chongqing on May 22 for the 7th Western China International Fair for Investment and Trade (WCIFIT), highlighting rising global interest in the region’s economic potential. The event drew participants from 28 Chinese provinces and the Hong Kong Special Administrative Region, showcasing the latest in trade and innovation.

The Sirius quadruped robot was developed by a company in Chongqing Liangjiang New Area and is being exhibited at the WCIFIT. (Photo/ Liu Dan)
The Sirius quadruped robot was developed by a company in Chongqing Liangjiang New Area and is being exhibited at the WCIFIT. (Photo/ Liu Dan)

The fair also featured the debut of Lingjie, the world’s first megawatt-class supercharging heavy-duty truck, co-developed by Qingling Motors and Huawei Digital Power. With ultra-fast charging and smart connectivity, it marks a major step forward in green logistics and heavy-duty transport electrification.

Centered around the theme “New Western China, New Manufacturing, New Services,” this year’s fair highlights cultivating new quality productive forces and promoting high-quality development.

56 Chinese central state-owned enterprises, 156 local state-owned enterprises, 47 Fortune Global 500 companies, 93 multinational corporations, and 286 leading private enterprises participated.

Thailand is participating as the guest country of honor, Sichuan Province continues its role as the permanent guest province, and the Hong Kong Special Administrative Region joins as the new guest city of honor.

Dr. Lalivan Karnchanachari, Vice Minister to Ministry of Foreign Affairs of Thailand, highlighted the significance of this year marking the 50th anniversary of diplomatic ties between China and Thailand. She expressed hopes for deeper cooperation with Chongqing in high value-added manufacturing, supply chains, and SME development.

At the opening ceremony, a series of major investment deals were signed, with the total amount exceeding 200 billion yuan (about 27.6 billion USD). Districts and counties across Chongqing secured agreements worth over 100 billion yuan, with more than 75% of the investment directed toward the manufacturing and modern services sectors.

Showcasing both exhibitions and themed activities, this year’s WCIFIT exhibition spans three major sections—comprehensive image, international and regional cooperation, and modern industry—covering nine halls across 110,000 square meters. A virtual exhibition hall has also been launched to extend access online.

Themed activities include 29 events focused on key areas such as the productive service industry, foreign investment, international trade, public sector engagement, and special programs hosted by the guest of honor.

 

UniXell Biotechnology announces the first patient dosed with UX-DA001, an investigational autologous iPSC based cell therapy for the treatment of Parkinson’s disease, in its Phase 1 study

SHANGHAI, May 23, 2025 /PRNewswire/ — Shanghai UniXell Biotechnology Co., Ltd. (UniXell Biotech), a biotech company dedicated to innovative cell therapies, announced the successful first administration of its proprietary Parkinson’s disease cell drug UX-DA001 in China in March 2025. The Phase I clinical trial aims to evaluate the safety, tolerability, and preliminary efficacy of UX-DA001 in patients with Parkinson’s disease.

On March 1, 2025, Dr. Li Dianyou, Director of the Functional Neurosurgery Department at Ruijin Hospital, performed the surgical path planning and the subsequent stereotactic surgery for transplantation. The successful surgery marks the official initiation of China’s first registration-directed clinical trial for an autologous iPSC-derived cell therapy for Parkinson’s disease.

The one-month postoperative follow-up revealed significant improvements in the patient’s sleep quality and motor function, with no severe adverse events reported. The first recipient of UniXell’s autologous stem cell-derived drug, UX-DA001, shared, “after receiving the stem cell treatment, I experienced a remarkable improvement in my sleep quality. I fall asleep quickly and notice gradual progress every day. Although recovery takes time, the ‘day by day improvement’ fills me with hope for the future.”

Dr. Liu Jun, Principal Investigator of the trial and Director of the Neurology Department at Ruijin Hospital, noted “current standard treatment for Parkinson’s disease primarily relies on medications to alleviate symptoms. However, after prolonged oral drug treatment, patients often experience fluctuations in efficacy and disease progression continues. In contrast, cell therapy offers the prospect of ‘one-time treatment with long-term benefits.'”

About UX-DA001 and Phase 1 Trial

UX-DA001 is an investigational autologous iPSC-derived neural progenitor cell drug. It is derived from the patient’s own peripheral blood cells, which are firstly reprogrammed into induced pluripotent stem cells and then differentiated into dopaminergic neurons in vitro. It is then transplanted into the patient’s brain through a minimally invasive surgery. UX-DA001 leverages the patient’s own cells, significantly reducing the risk of immune rejection. Patients do not require immunosuppressive drugs, thereby avoiding potential side effects such as increased infection and tumor risks, organ toxicity, and metabolic disorders, thus achieving a safer and more effective treatment that significantly improves the quality of life for patients. The UX-DA001 has received clinical trial approvals (Investigational New Drug, IND) from both the National Medical Products Administration (NMPA) of China and the U.S. Food and Drug Administration (FDA) in December 2024 and February 2025, respectively, offering UX-DA001 a potential to have implications on patients with Parkinson’s disease in not only China but also globally.

The phase 1 study is conducted at Ruijin hospital in Shanghai, China, under the guidance of Dr. Liu Jun, MD, PhD, Principal Investigator (PI). The transplantation is performed by Dr. Li Dianyou, the director of the Functional Neurosurgery Department. This clinical study is designed to evaluate the safety and tolerability of UX-DA001 cell transplantation. It also investigates whether the transplanted cells survive, integrate and improve motor function in subjects with Parkinson’s disease.

More information about this trial is available at clinicaltrials.gov (NCT#06778265).

About UniXell Biotechnology Co., Ltd.

Shanghai UniXell Biotechnology Co., Ltd. was established in 2021, specializing in the research and development of cell therapy drugs for neurological diseases, including Parkinson’s disease and epilepsy. In addition to its autologous UX-DA001, UniXell`s IND application for UX-DA002, an allogenic cell therapy for Parkinson`s disease, has been recently accepted by NMPA.

The company is equipped with a 4000 m2 R&D center and GMP facilities. It has developed four major innovative technology platforms based on reprogramming technology, stem cell differentiation technology, SISBAR lineage tracing technology, and high-precision gene editing. These platforms facilitate the development and production of neural cell drugs with higher purity and more stable efficacy, ensuring efficient and safe clinical treatment outcomes. As of the present, UniXell has successfully obtained several rounds of funding from esteemed investors, such as Hillhouse Capital, CDH Investments, Fosun Group, Sherpa Healthcare Partners, TF Capital, and Tianshi Capital, among others. This underscores the robust market confidence in its pioneering therapeutic solutions and its potential for growth.

Contact:
UniXell Biotechnology Co., Ltd.
business@unixell.com

HK Tech 300 Expo showcases hundreds of CityUHK incubated start-up innovations and achievements

HONG KONG, May 23, 2025 /PRNewswire/ — City University of Hong Kong (CityUHK) held the HK Tech 300 Expo, a large-scale innovation and entrepreneurship exhibition, from 23 to 24 May 2025 at the University campus. The two-day event brought together about 300 start-ups incubated by CityUHK with more than 60 roadshows, demonstrating how the University’s world-class research achievements and innovative ideas translate into practical applications that foster positive social changes.  

Professor Sun Dong, JP, Secretary for Innovation, Technology and Industry of the HKSAR Government (6th from left), Mr Michael Ngai, Council Chairman of CityUHK (6th from right), Professor Freddy Boey, President of CityUHK (5th from left), Professor Michael Yang Mengsu, Senior Vice-President (Innovation and Enterprise) of CityUHK (5th from right), joins distinguished guests and partners to kick off the HK Tech 300 International Start-up Competition. (Photo credit: City University of Hong Kong)
Professor Sun Dong, JP, Secretary for Innovation, Technology and Industry of the HKSAR Government (6th from left), Mr Michael Ngai, Council Chairman of CityUHK (6th from right), Professor Freddy Boey, President of CityUHK (5th from left), Professor Michael Yang Mengsu, Senior Vice-President (Innovation and Enterprise) of CityUHK (5th from right), joins distinguished guests and partners to kick off the HK Tech 300 International Start-up Competition. (Photo credit: City University of Hong Kong)

Together with the Expo Opening Ceremony today (23 May 2025), CityUHK held the Launch Ceremony of the HK Tech 300 International Start-up Competition (HK Tech 300 International Competition), further expanding its innovation footprint onto the global stage.

Presiding over the ceremony were Professor Sun Dong, JP, Secretary for Innovation, Technology and Industry of the HKSAR Government, Mr Michael Ngai, Council Chairman of CityUHK, Mr Charles Chin Ying-on, Treasurer of CityUHK, and Professor Freddy Boey, President of CityUHK.

Also attending the ceremony were Mr Chaturont Chaiyakam, Consul-General of Thailand in the HKSAR, Mrs Le Duc Hanh, Consul-General of Vietnam in the HKSAR, and representatives from the governments and partner organisations of 12 mainland cities.

Professor Sun praised CityUHK‘s efforts in supporting young talent and nurturing start-ups. “CityUHK and HK Tech 300 play a crucial role in creating a vibrant ecosystem that fosters cross-disciplinary, cross-sector and cross-industry collaboration.  We must work together to support our young entrepreneurs, providing them with necessary resources, mentorship and opportunities to enhance their ideas into impactful solutions, further bolstering the development of Hong Kong as an international I&T hub.”

In his welcome speech, Mr Ngai said the Expo marks a significant milestone in the University’s journey to promote innovation and entrepreneurship. “CityUHK is dedicated to fostering a diverse environment for young talent, leveraging the robust support of the mainland, the University’s base in Hong Kong and global connectivity to equip our next generation to become future leaders with a global vision,” he said. 

“Innovation is the beacon of future development,” said Professor Boey in his vote of thanks. “The remarkable achievements of HK Tech 300 and the start-ups are closely linked to the extensive support from, and collaboration among, the Government, industry, the University and investors. CityUHK will continue to provide a world-class platform, empowering the growth of our young talent and deep-tech start-ups.”

Since its launch in 2021, HK Tech 300, CityUHK’s flagship innovation and entrepreneurship programme, has incubated over 900 start-ups, more than 200 of which have received up to HK$1M each in angel funding. Beyond financial support and patent resources, HK Tech 300 offers extensive assistance, including business matching and co-investment opportunities, leveraging the expertise of over 250 mentors from diverse industries, alongside partnerships with more than 100 public and private institutions.

The HK Tech 300 Expo showcases nearly 300 start-ups incubated by CityUHK, offering a range of innovative solutions in the fields of Biotech & Health, ICT & AI, Advanced tech & ESG, and Fintech. The expo also features remarkable teams recognised under the Government’s “Research, Academic and Industry Sectors One-plus Scheme (RAISe+)”, as well as business proposals from the inaugural graduates of the MSc in Venture Creation programme at the CityUHK Academy of Innovation.  

CityUHK expanded the reach of HK Tech 300 to include the national region in 2022 and the Southeast Asian region in 2023. The introduction of the HK Tech 300 International Competition will foster further cross-border collaboration to address pressing global challenges.

The HK Tech 300 International Competition will be held in partnership with 11 universities and five local partners, including business chambers and incubators from nine countries and cities: Brunei, Hungary, Indonesia, Kazakhstan, Malaysia, Thailand, Turkey, Vietnam and Hong Kong SAR, numerous of universities’ Vice-Chancellors and representatives attended the competition launch ceremony. The competition aims to attract aspiring talent and start-ups to Hong Kong and the mainland, leveraging the city’s unique advantages and resources. It also empowers our local start-ups to reach the international stage and promote the University’s technology transfer, fostering closer ties between the I&E ecosystem in Hong Kong and the rest of the world.

In addition to strategic partners, co-investors and supporting organisations from overseas and Mainland China, the event attracted legislative councillors, community leaders and school principals to witness the achievements of the start-ups. More than 60 innovation start-ups and research teams are participating in the Expo roadshows, fostering fruitful exchanges of innovation and business ideas. 

China Matters’ Feature: Bridging Cultures at China-CEEC Expo: Central and Eastern European Voices in Ningbo

NINGBO, China, May 23, 2025 /PRNewswire/ — As the 2025 China-Central and Eastern European Countries Expo opened in Ningbo on May 22, cultural and business exchanges between China and the CEE region were spotlighted. Among the many contributing to this growing partnership are Vladimir Tzanev and Fang Yu, in different professions but with a shared connection to Ningbo.

The Bulgarian pianist Vladimir Tzanev has spent the past two decades working across China. But Ningbo, in eastern China’s Zhejiang Province, is where he and his family want to call home. “My children were born here—they’re Ningbo natives now,” he says in a smile. Alongside his wife, a fellow musician from Latin America, Vladimir established a music society in the city that welcomes students from all walks of life. “Music is a language that opens any door,” he says. “And here in Ningbo, we found an audience eager to listen.”

Fang Yu, meanwhile, has a different story related to the city. After years of working in Slovakia, she returned to China in 2015 and dove into trades with CEE countries. Based in Ningbo, she helps connect Chinese companies with partners from CEE countries, especially through platforms like the China-CEEC Expo. “Trades are built on human connection,” she explains. “And Ningbo is a perfect bridge.”

This year, Slovakia is one of the guest-of-honor countries of the Expo, which holds special meaning for Fang. It was during a government delegation visit from Ningbo to Slovakia that she established a connection with the city. Since then, she’s seen firsthand how face-to-face conversations and shared experiences create trust and opportunities. “When we started, few people knew about these countries or their products,” she recalled. “Now, thanks to events like the China-CEEC Expo, more products from the region are stepping into the spotlight.”

From classical music to Slovakian wine, Vladimir and Fang are helping build more than just business ties—they’re weaving personal stories into the fabric of China-CEEC cooperation. And Ningbo, with its open arms and mind, is right at the center of it all.

YouTube Link: https://www.youtube.com/watch?v=VQo35CxFus4

 

Eason Technology Limited Receives Notification from NYSE Regarding Delayed Form 20-F Filing

HONG KONG, May 23, 2025 /PRNewswire/ — Eason Technology Limited (“Eason Technology” or the “Company”) (NYSE: DXF) today announced that it received a notice from NYSE Regulation indicating that the Company is not in compliance with the continued listing standards of NYSE American LLC (“NYSE American” or the “Exchange”). The Company failed to timely file its Form 20-F for the period ended December 31, 2024 (the “2024 Form 20-F”) by the filing due date of May 15, 2025 (the “Filing Delinquency”). The Company is now subject to the procedures and requirements set forth in Section 1007 of the NYSE American Company Guide.

NYSE Regulation notified the Company that NYSE American will closely monitor the status of the Company’s 2024 Form 20-F and any subsequent delayed filings for a six-month period from the date of the Filing Delinquency until November 15, 2025 (the “Initial Cure Period”). If the Company fails to cure the Filing Delinquency within the Initial Cure Period, the Exchange may, in its sole discretion, allow the Company’s securities to be traded for up to an additional six-month period May 15, 2026 (the “Additional Cure Period”) depending on the Company’s specific circumstances. If the Exchange determines that an Additional Cure Period is not appropriate, suspension and delisting procedures will commence in accordance with the procedures set out in Section 1010 hereof. If the Exchange determines that an Additional Cure Period of up to six months is appropriate and the Company fails to file the 2024 Form 20-F and any subsequent delayed filings by the end of that period, suspension and delisting procedures will generally commence.

As disclosed in the Form 12b-25 filed by the Company on April 30, 2025, the Company was unable, without unreasonable effort or expense, to file its 2024 Form 20-F as a result of a delay in completing its financial statements for the period ended December 31, 2024. The Company was not able to make the required filing by May 15, 2025. The Company is making all efforts to file the 2024 Form 20-F as soon as possible and within the Initial Cure Period. However, there can be no assurance that the Company will ultimately regain compliance with all applicable Exchange listing standards.

This delinquency notice has no immediate impact on the listing of the Company’s ADSs, which will continue to be listed and traded on the NYSE American during the cure period subject to continued compliance with the other listing requirements of the NYSE American.

About Eason Technology Limited

Eason Technology Limited is a company engaged in real estate operation management and investment and digital technology security business in Hong Kong, China.

Safe Harbor Statement

Certain statements made in this release are “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, are the ability to manage growth; ability to identify and integrate other future acquisitions; ability to obtain additional financing in the future to fund capital expenditures; fluctuations in general economic and business conditions; costs or other factors adversely affecting our profitability; litigation involving patents, intellectual property, and other matters; potential changes in the legislative and regulatory environment; a pandemic or epidemic. The forward-looking statements contained in this release are also subject to other risks and uncertainties, including those more fully described in the Company’s filings with the Securities and Exchange Commission, which are available for review at www.sec.gov. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Such information speaks only as of the date of this release.