Announces signing of definitive agreement to acquire Canduct, a leading manufacturer of transformer insulation kits and components

ZURICH, June 17, 2026 /PRNewswire/ — Hitachi Energy, a global leader in electrification, today announced a major expansion of its North American transformer insulation business through signing a definitive agreement to acquire Canduct Group. The investment addresses a critical bottleneck in the region’s transformer supply chain by expanding the company’s North America regional insulation and components capabilities, strengthening resilience, and accelerating the delivery of essential grid infrastructure.

Hitachi Energy’s acquisition of Canduct is expected to close at the beginning of the third calendar quarter of 2026, subject to customary closing conditions.

Canduct, headquartered in Ontario, Canada, is a leading manufacturer of transformer insulation kits and components, serving original equipment manufacturers (OEM) and repair companies across the U.S. and Canada. Founded in 1982, the company has supplied high-quality transformer insulation solutions to Hitachi Energy for over two decades. By integrating Canduct’s operations and more than 300 employees, Hitachi Energy will expand its capabilities to deliver critical transformer components needed to support the unprecedented growth in electricity demand.

“Hitachi Energy is strengthening its leadership in transformer insulation through this strategic expansion in North America,” said Bruno Melles, CEO of Business Unit Transformers, Hitachi Energy. “By acquiring Canduct Group, we are expanding regional capabilities, strengthening supply chains for insulation kits and components, and supporting the growing demand for electrification across the region.”

For over a century, Hitachi Energy has been a trusted supplier for transformer insulation and components to OEMs and distributors of power and distribution transformers worldwide. As essential components of power infrastructure, transformers and their components, including bushings, tap-changers, insulation materials and accessories play a critical role in ensuring the safe and reliable operation of electricity networks. 

About Hitachi Energy
Hitachi Energy is a global leader in electrification, powering the electricity era to meet the energy demands of today, and the next 25 years. As the energy arm of Hitachi Group, over three billion people depend on our pioneering, mission-critical technologies to power their daily lives. With over a century of innovation, we are addressing the most urgent energy challenge of our time: driving the evolution of the world’s energy system to ensure abundant, secure, affordable, and sustainable power for today’s generation and the next. With an unparalleled installed base in over 140 countries, we are the grid ecosystem partner across the utility, industry, data center, and transportation sectors. Headquartered in Switzerland, we employ over 56,000 people in 60 countries and generate revenues of around $20 billion USD.
https://www.hitachienergy.com
https://www.linkedin.com/company/hitachienergy
https://x.com/HitachiEnergy

About Hitachi, Ltd.
Through its Social Innovation Business (SIB) that brings together IT, OT (Operational Technology) and products, Hitachi aims to be a global leader in continuously transforming social infrastructure through digital, contributing to a harmonized society where the environment, wellbeing, and economic growth are in balance. Hitachi operates worldwide across four sectors – Digital Systems & Services, Energy, Mobility, and Connective Industries – as well as a Strategic SIB Business Unit focused on new growth areas. With Lumada at its core, Hitachi creates value by combining data, technology and domain knowledge to solve customer and social challenges. Revenues for FY2025 (ended March 31, 2026) totaled 10,586.7 billion yen, with 606 consolidated subsidiaries and approximately 290,000 employees worldwide. Visit us at www.hitachi.com.

PARIS and NEW YORK and LONDON, June 17, 2026 /PRNewswire/ — The Generation Essentials Group (“TGE”) (NYSE: TGE; LSE: TGE), a subsidiary of AMTD Digital Inc. (NYSE: HKD), announces that TGE’s Board of Directors has approved a share repurchase program under which TGE may repurchase up to US$10 million of its ordinary shares.

TGE’s proposed repurchases may be made from time to time in the open market at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, depending on market conditions and in accordance with applicable rules and regulations. The timing and dollar amount of repurchase transactions will be subject to the Securities and Exchange Commission Rule 10b-18 and/or Rule 10b5-1 requirements. TGE’s board of directors may review the share repurchase program periodically and may authorize adjustment of its terms and size. TGE expects to fund the repurchases out of its existing cash balance.

Upon completion of several hotel acquisitions, TGE’s total asset value of approximately US$1.7 billion, represent a 17.7% increase over the audited total asset value as of December 31, 2025. Its net assets are expected to approximate US$971 million, a 15.8% increase over the audited year-end net asset value. 

The Board believes that TGE’s shares are drastically undervalued, given that current share prices are trading at a significant discount relative to net asset and total asset values per share.

The new share repurchase program is intended to enhance shareholder value and demonstrate the Board’s confidence in TGE’s long‑term prospects, asset strengths, and robust capital position. 

Concurrently, TGE announced that its controlling shareholder, AMTD Digital Inc., directors, and management team have voluntarily agreed not to sell any of their TGE shares for two years from the date of this announcement, further reinforcing their long‑term commitment to and confidence in TGE.

About AMTD Group

AMTD Group is a conglomerate with a core business portfolio spanning across media and entertainment, education and training, and premium assets and hospitality sectors.

About AMTD IDEA Group

AMTD IDEA Group (NYSE: AMTD; SGX: HKB) represents a diversified institution and digital solutions conglomerate group, connecting companies and investors with global markets. Its comprehensive one-stop business services plus digital solutions platform addresses different clients’ diverse and inter-connected business needs and digital requirements across all phases of their life cycles. AMTD IDEA Group is uniquely positioned as an active super connector between clients, business partners, investee companies, and investors, connecting the East and the West. For more information, please visit www.amtdinc.com or follow us on X (formerly known as “Twitter”) at @AMTDGroup.

About AMTD Digital Inc.

AMTD Digital Inc. (NYSE: HKD) is a comprehensive digital solutions platform headquartered in France. Its one-stop digital solutions platform operates key business lines including digital media, content and marketing services, investments as well as hospitality and VIP services. For AMTD Digital’s announcements, please visit https://ir.amtdigital.net/investor-news.

About The Generation Essentials Group

The Generation Essentials Group (NYSE: TGE; LSE: TGE), jointly established by AMTD Group, AMTD IDEA Group (NYSE: AMTD; SGX: HKB) and AMTD Digital Inc. (NYSE: HKD), is headquartered in France and focuses on global strategies and developments in multi-media, entertainment, and cultural affairs worldwide as well as hospitality and VIP services. TGE comprises L’Officiel, The Art Newspaper, movie and entertainment projects. Collectively, TGE is a diversified portfolio of media and entertainment businesses, and a global portfolio of premium properties. Also, TGE is a special purpose acquisition company (SPAC) sponsor manager, with its first SPAC successfully raised and priced on December 18, 2025.

Safe Harbor Statement

This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,””anticipates,” “aims,” “future,” “intends,” “plans,” “believes,””estimates,” “likely to,” and similar statements. Statements that are not historical facts, including statements about the beliefs, plans, and expectations of AMTD IDEA Group, AMTD Digital and/or The Generation Essentials Group, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the filings of AMTD IDEA Group, AMTD Digital and The Generation Essentials Group with the SEC. All information provided in this press release is as of the date of this press release, and none of AMTD IDEA Group, AMTD Digital and The Generation Essentials Group undertakes any obligation to update any forward-looking statement, except as required under applicable law.

For more information, please contact:

For AMTD IDEA Group:
IR Office
AMTD IDEA Group
EMAIL: ir@amtdinc.com 

For AMTD Digital Inc.:
IR Office
AMTD Digital Inc.
EMAIL: ir@amtdigital.net 

For The Generation Essentials Group:
IR Office
The Generation Essentials Group
EMAIL: ir@tge.media

At a Pre-Money Valuation of ₹44,914 Crore (C$6.6 Billion) 

INR 3,000 Crore (C$441 Million) of the Proceeds to Be Used to Form a Joint Venture

HYDERABAD, India, June 17, 2026 /PRNewswire/ — CtrlS Datacenters Ltd. today announced a strategic partnership with Canada Pension Plan Investment Board (CPP Investments). CPP Investments will invest up to INR 7,000 crore (C$1 billion) to help fund CtrlS’ upcoming growth in India’s fast-growing digital infrastructure sector.

As part of the partnership, CPP Investments will invest INR 4,000 crore (C$588 million) to acquire an 8.2% stake in CtrlS, signalling confidence in the company’s market leadership, operational excellence, and long-term growth plans. In addition, CPP Investments and CtrlS will form a joint venture to develop hyperscale datacenter campuses across India. CPP Investments has committed up to INR 3,000 crore (C$441 million) to the joint venture and will hold 48% equity ownership, with CtrlS owning 52%.

The partnership aims to speed up the development of next-generation datacenter infrastructure to meet rising demand from hyperscalers, cloud services, AI applications, and India’s rapidly expanding digital economy.

Commenting on the partnership, Sridhar Pinnapureddy, Founder & CEO, CtrlS Datacenters, said, “India’s AI moment is not on the horizon, it is already here. The demand signals from hyperscalers, cloud service providers, and enterprises are clear and unmistakable. Over the years, CtrlS has focused on reliability, sustainability, and long-term growth. Our partnership with CPP Investments reinforces these values. Together, we are not merely expanding capacity but also establishing the benchmark for AI-ready infrastructure in one of the world’s most significant digital markets.”

Sridhar added, “This investment reflects the confidence global investors have in CtrlS’ leadership position, execution capabilities, and the significant opportunity ahead.”

“As one of the world’s fastest growing digital markets, India represents an important pillar of our global datacenter strategy,” said Max Biagosch, Senior Managing Director and Global Head of Real Assets at CPP Investments. “Demand for datacenter infrastructure in India continues to accelerate, driven by hyperscale expansion, strong domestic cloud growth and emerging AI-led demand. This partnership with CtrlS positions us to scale high-quality infrastructure and deliver long-term value for CPP contributors and beneficiaries.”

Biagosch added, “This investment builds on more than a decade of investing in India and the strength of our local platform. With an established presence on the ground, we continue to focus on investing alongside high-quality partners such as CtrlS and executing with discipline over the long term.”

Since making its first direct investment in 2017, CPP Investments has actively invested in the global datacenter sector, building a diversified portfolio of datacenter assets and joint ventures across major international hubs, including Asia Pacific. CPP Investments made its first investment in India in 2009 and opened its Mumbai office in 2015. As of March 31, 2026, CPP Investments held over INR 1,850 billion (C$27 billion) in net assets in India, making it one of the country’s largest international institutional investors.

The partnership reinforces CtrlS’ leadership in India’s digital infrastructure sector and supports its near-term strategy of building sustainable, world-class datacenter campuses across India. As AI and cloud adoption grow, CtrlS is committed to providing scalable, resilient, and future-ready infrastructure for India’s next phase of growth.

About CtrlS Datacenters

CtrlS Datacenters Ltd., founded in 2007, operates 19 datacenters across nine key markets in India with over 370 MW of capacity and a 4.4 GW of projects at various stages of execution. The company is developing the next generation of AI-ready and hyperscale infrastructure to support India’s rapidly growing digital economy while continuing to lead the adoption of renewable energy and sustainable datacenter practices. CtrlS has also announced plans to expand into international markets across the Middle East and Southeast Asia, with Thailand as its first overseas market. For more information, please visit www.ctrls.com or follow us on LinkedIn. 

SHANGHAI, June 17, 2026 /PRNewswire/ — Four Seasons Education (Cayman) Inc. (“Four Seasons Education” or the “Company”) (NYSE: FEDU), a tourism and education-related service provider in China, today announced that it has filed its annual report on Form 20-F for the fiscal year ended February 28, 2026, with the Securities and Exchange Commission (the “SEC”). The annual report can be accessed on the Company’s investor relations website at https://ir.sijiedu.com and on the SEC’s website at www.sec.gov. The Company will provide a hard copy of the annual report containing its audited consolidated financial statements for the fiscal year ended February 28, 2026, free of charge, to its shareholders and ADS holders upon request. Requests should be submitted to IR@fsesa.com.

About Four Seasons Education (Cayman) Inc.

Four Seasons Education (Cayman) Inc. is a service provider of both tourism and education-related services in China. The Company’s program, service and product offerings mainly consist of enrichment learning programs, school-based tutoring product solutions and training programs for teachers, study camps and learning trips for students, and travel agency services for all age groups.

For more information, please visit https://ir.sijiedu.com.

For investor and media inquiries, please contact: 

In China:
Four Seasons Education (Cayman) Inc.
Olivia Li
Tel: +86-21-6317 6177 
E-mail: IR@fsesa.com

The Piacente Group, Inc. 
Jenny Cai
Tel: +86-10-6508-0677 
E-mail: fourseasons@tpg-ir.com

In the United States:

The Piacente Group, Inc. 
Brandi Piacente 
Tel: +1-212-481-2050 
E-mail: fourseasons@tpg-ir.com

HONG KONG, June 17, 2026 /PRNewswire/ — Ailit, a next-generation smart inventory management SaaS platform, has introduced serial number (SN) and IMEI tracking capabilities to help electronics wholesale and retail merchants manage high-value devices with greater accuracy, from stock-in to after-sales service.

For merchants selling smartphones, laptops, tablets and wearable devices, inventory issues are rarely just about quantity. Two devices may share the same model and color but differ in supplier, purchase date, customer, warranty terms and service history. When a return, repair or stock discrepancy occurs, the key question is not “How many are left?” but “Which exact device is this?”

Ailit assigns each device a unique SN or IMEI record at stock-in. The same identifier then follows the product through purchasing, sales, transfers, returns and repairs. Staff can scan or enter the code to find related product, order, customer and transaction details, replacing scattered spreadsheets, handwritten notes and chat records with a clearer device history.

“Many electronics wholesalers and retailers already know their stock count, but they need confidence in each individual device record,” said an Ailit spokesperson. “When a customer brings in a phone for repair, the store should be able to confirm when it was sold, who bought it and what service terms apply.”

Ailit supports barcode scanner input, manual entry and batch generation, making serial number tracking easier to use in daily purchasing, sales and service workflows. With device records connected across the business, merchants can reduce stock discrepancies, respond faster to after-sales requests and keep clearer responsibility records across teams.

The platform also connects device tracking with pricing, payments and online ordering. Pricing is applied automatically based on customer type, while deposits, balances, credit sales and staged payments can be tied to sales orders for easier reconciliation. Product and inventory data can also be synchronized to mobile storefronts, allowing customers to browse, select models and place orders online.

Ailit provides sales statistics, profit analysis and inventory reports to support daily decisions. By linking device-level tracking with core retail workflows, Ailit gives small and micro merchants fewer blind spots, faster service and greater control over every device moving through the business.

About Ailit

Ailit (https://www.ailitsoft.com/en) is a next-generation smart inventory management SaaS platform for small and micro merchants, and a sub-brand of Kingdee International Software Group Limited (0268.HK). Ailit has served more than 3 million merchants across over 30 industries, with merchants spanning 130 countries and regions and more than 110,000 weekly active merchants.