TOKYO, Aug. 28, 2025 /PRNewswire/ — Celaid Therapeutics Inc. (“Celaid”) have executed a collaborative research agreement with AGC Inc. (“AGC”) to advance iPS cell-derived hematopoietic stem and progenitor cells (iPSC-HSPCs). The collaboration aims to combine Celaid’s proprietary platform of hematopoietic stem cell (HSC) expansion technology with AGC’s iPSC technology to accelerate robust and scalable expansion of iPSC-HSPCs.

In this project, Celaid’s human HSC expansion technology will be applied to AGC’s iPSC-HSPCs. The functionality of the expanded cells will be evaluated through in vitro experiments and in vivo animal transplantation. Through this collaboration, the two companies aim to demonstrate a method for large-scale expansion of high-quality iPSC-HSPCs – addressing key manufacturing challenges in the development of iPSC-derived blood and immune cell therapies.

“We are excited to partner with AGC to leverage and combine cutting-edge stem cell technologies to drive future breakthroughs,” stated Nobuyuki Arakawa, President and CEO of Celaid. “This collaboration represents a significant step toward resolving the key challenges in the clinical manufacturing of iPSC-derived hematopoietic and immune cell therapy products.”

About Celaid Therapeutics Inc.

Celaid Therapeutics Inc. is a startup born out of the University of Tokyo and University of Tsukuba with proprietary technology for selective ex vivo HSC expansion. By safely and efficiently expanding human HSCs, Celaid aims to provide the next generation of cell and gene therapy products for cell therapy targeting hematologic disease, ex vivo HSC gene therapy for genetic disorders, and angiogenesis for ischemic diseases.

About AGC

AGC Inc. is the parent company of the AGC Group, a world-leading glass solution provider and supplier of flat, automotive, and display glass, chemicals, ceramics, and other high-tech materials and components. Based on more than a century of technical innovation, the AGC Group has developed a wide range of cutting-edge products. The AGC Group employs some 56,000 people worldwide and generates annual sales of approximately 2.0 trillion Japanese yen through business in about 30 countries.

Contact Information
Celaid Therapeutics Inc.
Address：UTokyo Entrepreneur Lab., South Clinical Research Bldg., 7-3-1 Hongo, Bunkyo-ku, Tokyo 113-8485, Japan
TEL：+81-50-3612-7767／E-mail：contact@celaidtx.com
URL：https://celaidtx.com/en/

Sustained Breakthroughs in The Green and Health Business  

With Approximately HK$4 Billion in cash Recovered from the Successful Privatization of Canvest Environmental

HONG KONG, Aug. 28, 2025 /PRNewswire/ — Shanghai Industrial Holdings Limited (“SIHL” or the “Company”, together with its subsidiaries, the “Group”; HKEX stock code: 363) announced its unaudited interim results for the six months ended 30 June 2025. Revenue amounted to HK$9.476 billion, representing a year-on-year decrease of 8.6%. Profit attributable to owners of the Company was HK$1.042 billion, down 13.2% year-on-year. The decline in revenue and profit was mainly due to a reduction in sales recognized upon delivery in the real estate business compared to the same period last year, as well as substantial provisions for property inventory write-downs and the decrease in fair value of investment properties. The Board has declared an interim dividend of HK42 cents per share, representing a payout ratio of 43.8%, as a gesture of appreciation for shareholders’ long-term support.

2025 Interim Results Highlights:

Revenue and Profit Contributions by Business:

In the first half of 2025, the Group remained committed to reform and innovation, accelerated the upgrade and transformation of its core businesses, and further optimized its asset and business portfolio. At the same time, it focused on strengthening internal management and enhancing risk controls, with full dedication to driving the Group’s high-quality development.

For the six months ended 30 June 2025, the Group recorded unaudited revenue of HK$9.476 billion, representing a decrease of 8.6% compared with the same period last year. Profit attributable to owners of the Group was HK$1.042 billion, down 13.2% year-on-year. The decline in revenue and profit was primarily due to a reduction in sales recognized upon delivery in the real estate business compared with the same period last year, as well as substantial provisions for real estate inventory write-downs and the decrease in fair value of investment properties.

During the period, profit from the infrastructure and environmental protection business decreased by 11.6% year-on-year to HK$933 million, accounting for approximately 92.2% of the Group’s Net Business Profit. The toll road business continued to provide the Group with stable cash flow. During the period, the Group actively responded to national policy directives, focused on the core businesses of water treatment and water resources utilization, and worked to expand market share, thereby consolidating its leading position in China’s water services and environmental protection industries.

Following the successful privatization of Canvest Environmental Protection Group Company Limited during the period, all 475 million Canvest shares indirectly held by the Group were cancelled at a price of HK$4.90 per share. In addition, the Group redeemed its exchangeable bonds ahead of maturity, with the principal, interest, and early redemption penalty, total premium amounted to approximately HK$1.7 billion. In aggregate, the Group recovered approximately HK$4.0 billion in cash.

The comprehensive healthcare business contributed a profit of HK$141 million in the first half, representing a substantial year-on-year increase of 118.4% and accounting for approximately 14.0% of the Group’s Net Business Profit.

The real estate business recorded a loss of HK$465 million during the period, representing an increase in loss of approximately 2.56 times compared with the same period last year, and accounting for approximately -46.0% of the Group’s Net Business Profit. The loss was mainly attributable to substantial impairment provisions for real estate inventory.

The consumer products business delivered a solid performance, contributing HK$403 million in profit in the first half, an increase of 26.0% year-on-year and accounting for approximately 39.8% of the Group’s Net Business Profit. Nanyang Tobacco has driven continuous improvement in performance through dynamic adjustments to its operating strategies, optimization of product structure, and further development of its distribution channels. Wing Fat Printing leveraged synergies among its three core business segments — cigarette packaging, pharmaceutical packaging, and moulded-fibre — to steadily improve its overall performance.

Business Highlights:

Infrastructure and Environmental Protection

• The Group’s three toll roads recorded steady growth in overall traffic volume and toll revenue during the period, mainly driven by increased public travel during the Spring Festival, Ching Ming Festival, and Labour Day holidays. In the first half of the year, total traffic volume rose 2.1% year-on-year, while toll revenue increased 5.1% to HK$1.019 billion. Profit attributable to the Group amounted to HK$548 million, an increase of 0.5% year-on-year, continuing to provide the Group with a stable cash flow.
• SIIC Environment (BHK SGX; 807 HKEX) reported revenue of RMB3.177 billion, a 4.4% year-on-year decrease, with profit attributable to shareholders at RMB344 million, up 7.1% year-on-year. The decline in revenue was primarily due to newly secured construction projects not yet commencing, resulting in a significant drop in construction revenue. The increase in profit attributable to shareholders was mainly driven by the continued optimization of the financing structure, which led to a 12.5% year-on-year reduction in finance costs.
• In the first half of the year, SIIC Environment actively expanded its new projects and achieved multiple milestones in the wastewater treatment sector. During the period, it secured the Beiliu City Urban Wastewater Treatment Plant (Phase III) project in Guangxi, with a designed treatment capacity of 60,000 tonnes per day; completed and commenced operations of a wastewater treatment project in Shanghai with a designed treatment capacity of 25,000 tonnes per day. An entrusted operation wastewater treatment plant in Shanghai also commenced operations, with a designed treatment capacity of 100,000 tonnes per day.
• During the period, General Water of China recorded revenue of HK$980 million, a year-on-year increase of 2.5%. Net profit was HK$120 million, down 8.0% from the same period last year. During the period, three new projects were secured, involving a combined water treatment capacity of 114,000 tonnes per day and contract amount of RMB2.91 million in total.
• Shanghai SUS Environment Co., Ltd (“SUS Environment”), in which the Group holds a 28.34% stake through a 50% joint venture, achieved a cumulative total daily waste incineration capacity of 43,725 tonnes during the period. In the first half of the year, total waste intake reached 8.6175 million tonnes, a year-on-year increase of 4.3%, while on-grid power generation amounted to 3.093 billion kWh, up 9.1% year-on-year.
• With respect to the new business arena, the photovoltaic asset capacity of Shanghai Galaxy and its subsidiary, Galaxy Energy, reached 740 MW as of 30 June 2025. The total amount of on-grid electricity sold during the period from the 15 photovoltaic power stations was approximately 472 million kWh, a year-on-year decrease of 8.9%. This was primarily driven by the intensification of power curtailment.

Comprehensive Healthcare Operations

• The comprehensive healthcare business recorded a profit of HK$141 million in the first half of the year, representing a significant increase of 118.4% year-on-year and accounting for 14.0% of the Group’s Net Business Profit. The Group’s 20%-owned Shanghai Pharmaceutical Group, reported revenue of RMB141.901 billion for the period, up 1.61% year-on-year, while net profit surged 39.5% to RMB834 million.

Real Estate

• SI Development (600748 SSE) recorded revenue of RMB1.232 billion for the period, representing an increase of 19.7% year-on-year, and reported a net loss of RMB754 million. The loss was primarily due to the Mainland property sector remaining in a stage of stabilization, certain project inventories of the company showed signs of significant impairment and relatively low revenue and profit recognized from property sales during the period. Contract sales amounted to RMB290 million during the period, while rental income for the half-year was approximately HK$197 million.
• SI Urban Development (563 HKSE) recorded revenue of HK$1.828 billion for the period, down 38.7% year-on-year, mainly due to a decline in revenue recognized from property sales compared with the same period last year. Revenue from rental, property management, and hotel operations continued to provide the Company with a stable income stream. The loss attributable to shareholders for the period was HK$492 million, primarily due to lower gross profit from property sales. Contract sales during the period amounted to RMB690 million, with 6 projects under construction. Rental income for the half-year was approximately HK$360 million.

Consumer Products

• In the first half of the year, Nanyang Tobacco recorded revenue of HK$1.273 billion, representing a year-on-year increase of 16.4%. Net profit rose 20.0% year-on-year to HK$337 million. Sales volume exceeded 746,000 cases, marking a substantial year-on-year increase of approximately 31.1%. During the period, Nanyang Tobacco deepened its focus on its core business and strengthened product innovation, achieving a steady growth in operating performance.
• In response to the significant increase in tobacco tax in Hong Kong for two consecutive years, Nanyang Tobacco adopted proactive measures, including conducting terminal sales promotion campaigns and implementing refined marketing management, which led to a continued narrowing of the sales volume decline. In compliance with the requirements of relevant national authorities, Nanyang Tobacco completed the QR code project for its specialty products on schedule, ensuring the timely delivery of planned products for release. In addition, to mitigate the adverse impact of customs purchase restrictions and substantial reductions in retail outlets on overall sales in the duty-free markets of Hong Kong, Macau, and Mainland China, Nanyang Tobacco actively optimized its product structure and launched new products, thereby consolidating its Hong Kong duty-free market channels and expanding into overseas duty-free markets.
• Nanyang Tobacco also delivered a strong sales performance in overseas markets. Through stringent channel management and a targeted product distribution strategy, Nanyang Tobacco ensured the optimal presence of its key product specifications and successfully broke through the recovery bottleneck.
• During the period, Wing Fat Printing recorded revenue of HK$759 million, up 1.1% year-on-year, mainly benefiting from steady growth in its tobacco packaging, pharmaceutical packaging, and moulded-fibre businesses. Net profit surged 46.7% year-on-year to HK$69.94 million, primarily driven by business structure optimization and cost-reduction and efficiency-enhancement initiatives at its core factories, which significantly improved overall profitability.

SIHL Chairlady Leng Weiqing stated, “The global economy is showing signs of recovery, with opportunities and challenges co-existing. In the second half of the year, while adhering to a prudent operating philosophy, the Group will remain committed to an innovation-driven development strategy. On the one hand, we will accelerate the transformation and upgrading of our core businesses and deepen the integration of finance and industry; on the other, we will strengthen our comprehensive risk management system and enhance profitability. In the infrastructure and environmental protection business, SIIC Environment will continue to optimize its business layout, expand market share, and consolidate its leading position in China’s water services and environmental protection industries. The toll road business will further improve operational efficiency and maintain stable development. Investments in the comprehensive healthcare and new arenas business — particularly in the pharmaceutical, healthcare, and green energy sectors — will contribute new growth to the Group. In the real estate business, we will closely monitor industry policy developments, revitalize existing assets, and accelerate the sell-through of inventory. With the gradual effects of the central government’s economic-stabilization policies expected to emerge, we anticipate marginal improvement in the property sector. While ensuring prudent operations, we will actively seize opportunities from a market recovery to improve operating results. Nanyang Tobacco will continue to implement its high-quality development strategy, accelerate the application of smart technologies, and ensure steady and sustainable long-term growth. Wing Fat Printing will remain focused on its guiding principle of ‘expanding markets through external synergies and enhancing efficiency through internal cost reduction’ to achieve long-term, steady development. Overall, the Group will accelerate the upgrading of all core businesses, seize opportunities to increase holdings in quality projects, and create greater value for our shareholders.”

About SIHL

Shanghai Industrial Holdings Limited (“SIHL”, HKEX Stock Code: 363) is the largest overseas conglomerate of Shanghai Industrial Investment (Holdings) Co., Ltd. (“SIIC”). As the flagship of the SIIC Group, SIHL has been successful in leveraging its Shanghai advantage since its listing, in terms of securing the best investment opportunities in mainland China with full support from its parent company. With nearly 30 years of development, SIHL has become a conglomerate with four core businesses: infrastructure and environmental protection (including toll roads, and environmental protection-related businesses such as sewage treatment and solid waste treatment), comprehensive healthcare operations, real estate, and consumer products (including Nanyang Tobacco and Wing Fat Printing). SIHL will continue to enhance its corporate governance and strive to create greater value for its shareholders.

For more information about SIHL, please visit the company website at www.sihl.com.hk. 

• Daily parcel volume reached 43.4 million for First Half 2025, 26.4% increase year-on-year, outpacing industry average growth;
• Revenue reached RMB146.9 billion for First Half 2025, 9.3% increase year-on-year;
• The net profit attributable to owners of the parent increased to RMB5.74 billion for First Half 2025, 19.4% increase year-on-year;
• Interim cash dividend reached RMB2.32 billion, up 20.9% year-on-year, with dividend per share climbing 15.0% to RMB0.46.

SHENZHEN, China, Aug. 28, 2025 /PRNewswire/ — S.F. Holding Co., Ltd. (‘SF Holding’ or ‘SF’ or ‘the Company’, 002352.SZ; 06936.HK) the largest integrated logistics service provider in Asia and the fourth largest globally, has announced its financial results for First Half 2025. The Company, which ranks 393rd on the Fortune Global 500 list, delivered robust growth, demonstrating continued market leadership and strengthened competitiveness through the successful execution of strategic initiatives.

Positioned as the go-to logistics partner for both business and retail customers, SF Holding offers comprehensive, end-to-end domestic and international logistics solutions. These include time-definite express, economy express, freight, cold chain and pharmaceutical logistics, intra-city on-demand delivery, as well as supply chain and international services. Under its “The One in Asia” Strategy, the Company continues to focus on solving complex logistics challenges, enhancing its differentiated service capabilities and driving sustainable and healthy development.

Commenting on the results, Alex Ho, Executive Director and Chief Financial Officer, said: “Despite a complex macroeconomic environment, SF delivered solid results in the First Half of 2025 by adhering to our principle of sustainable and healthy development. Leveraging our extensive network and diversified product portfolio, we enhanced service value and deepened execution of our ‘Stimulate Operation Vitality’ and ‘Industry-Focused Transformation’ initiatives. These strategies supported stronger free cash flow, sustained growing shareholder returns, and enhanced our resilience to capture emerging opportunities.

First Half 2025 Operational Highlights: Achieving High-Quality Growth with Expanded Global Presence

In the first half of 2025, SF Holding shipped 7.8 billion parcels, up 25.7% year over year, significantly outperforming the industry average of 19.3%. The Company capitalized on opportunities in emerging industries and overseas markets with two initiatives. Firstly, the Company advanced its organizationally-wide upgrade centered on the “Stimulate Operation Vitality” strategy, mobilizing enterprise-wide momentum to stimulate business expansion. By optimizing authorization, incentive, and evaluation mechanisms, the Company effectively energized individual initiative. Furthermore, the Company accelerated the “Industry-Focused Transformation” by transitioning from selling standard products to delivering customized solutions. Through the establishment of dedicated industry-specific departments, the Company boosted market share across multiple sectors.

In the domestic market, SF Holding delivered solid growth across key logistics services. Revenue from time-definite express services increased 6.8% year-on-year, outpacing China’s GDP growth of 5.3%, driven by tailored solutions for consumer and manufacturing scenarios such as theme parks, concerts, and transit hubs. Economy express services achieved revenue growth of 14.4%, fueled by independent third party positioning, dynamic pricing strategies and emerging demand from proximity-based E-commerce. Freight services also maintained healthy momentum, with revenue up 11.5% bolstered by strengthened channel penetration and increased customer touchpoints across key scenarios. Benefiting from growing demand from on-demand retail, intra-city on-demand delivery maintained strong momentum with 38.9% year-on-year revenue growth.

Increasing global trade uncertainties highlight Asia’s critical role as both a growth engine and center for global supply chains. Internationally, the Company capitalized on opportunities arising from the growing overseas expansion of enterprises – both in terms of products and production capacities, as well as increasing demand from cross-border consumption, expanding its global reach and market share. By providing a robust product portfolio that integrates highly reliable, standardized logistics products with comprehensive supply chain solutions, SF Holding has positioned itself as one of the preferred choices for Go-Global partners. Revenue from its international and supply chain businesses reached RMB34.2 billion, 9.7% increase year-on-year, solidifying their role as key growth drivers.

Operational Excellence Enabled by Intelligent Technology

The Company advanced structural cost reduction through initiatives like resource lean management, network structural optimization, and AI technology empowerment. Concurrently, strategic investments were directed towards enhancing customer experience, laying the foundation for long-term structural cost efficiency and sustained competitiveness. In addition, the Company operated over 1,800 logistics unmanned vehicles for last-mile transportation, easing the physical workload for staff and allowing them to focus on higher-value tasks. As a result, small parcel pickup and delivery efficiency increased by 13.7% year-on-year.

As of the end of the reporting period, SF Holding held 4,134 granted and pending patents and 2,530 software copyrights, with inventions comprising 63% of patents. This demonstrates the Company’s determination to innovate and sustain competitiveness.

Robust Cash Flow Supporting Shareholder Return Commitment

The Company’s free cash flow reached RMB8.7 billion for First Half 2025, up 6.1% year-on-year. This equipped the Company with strategic flexibility during different market conditions. In August 2025, the Company proposed an interim cash dividend of RMB0.46 per share – representing a 15.0% year-on-year increase and corresponding to a dividend payout ratio of 40%. The total cash dividends to be distributed amounts to approximately RMB2.32 billion, a 20.9% rise year-on-year, highlighting the Company’s ongoing commitment to enhancing long-term shareholder returns. 

Business Outlook: Driving Sustainable Growth Through Smart and Industry-Focused Solutions

SF Holding will leverage its digital and intelligent logistics capabilities to create tailored solutions and modular services for diverse industries and scenarios. As a global logistics leader connecting Asia with the rest of the world, by strengthening domestic and international logistics networks and agile operational coordination, the Company is dedicated to accelerating international expansion, improving operational efficiency and promoting sustainable development throughout Asia. Driven by increasing customer demand for comprehensive logistics and end-to-end solutions, SF Holding is well-poised to reinforce its leadership as the trustworthy logistics solutions provider – all while upholding its commitment to long-term sustainable and healthy development.

About SF Holding

Founded in 1993, S.F. Holding Co., Ltd. (002352.SZ; 06936.HK) is the largest integrated logistics service provider in Asia and the fourth largest globally. Listed on the Shenzhen Stock Exchange and the Hong Kong Stock Exchange, SF Holding is the constituent stock in the CSI 300 Index, MSCI Emerging Market Index and FTSE China 50 Index. Demonstrating a commitment to being fast, reliable, and customer-centric, the Company possesses digital technology to promote the development of intelligent and green supply chains.

For further information, please visit https://ir.sf-express.com/en/.

SUZHOU, China, Aug. 28, 2025 /PRNewswire/ — Recently, ECOVACS (603486.SH), a global leader in service robotics, has outlined its environmental, social and governance performance in its 2024 Sustainability Report.

As a pioneer in home service robotics and smart home appliances, ECOVACS delivers intelligent, reliable, and high-performance products and regards sustainability as a core driver of brand value. Guided by its sustainability strategy, PROGRESS, ECOVACS envisions creating a more responsible, inclusive, and sustainable world. As it advances this strategy, ECOVACS is fulfilling its environmental and social responsibility while reinforcing its brands, ECOVACS ROBOTICS and TINECO, as trusted partners in consumers’ daily lives.

The sustainability report highlights ECOVACS’ achievements in energy efficiency and recycling, carbon emission reduction, data security, and privacy protection. It also outlines the company’s future strategic goals, and how the PROGRESS strategy is guiding its ongoing sustainability efforts.

Qian Dongqi, Chairman of ECOVACS stated, “ECOVACS is committed to providing consumers worldwide with energy-efficient, high-performance, and reliable products. We prioritize high-quality development to strengthen competitiveness and sustainability and will continue to guide industry partners and consumers toward green practices and environmental responsibility, making a positive contribution to global sustainable development.”

Reducing Carbon Emissions and Promoting Circular Economy Practices

ECOVACS has pledged to peak carbon emissions by 2030 and achieve carbon neutrality by 2060. The company has also set specific 2030 sustainability goals:

• Reduce energy intensity by 20% compared to 2020
• Reduce water intensity by 10% compared to 2020
• Reduce packaging material usage by 30%

To achieve these goals, ECOVACS is integrating green production practices across its operations, systemically reducing resource consumption and waste through process optimization and energy management:

• In 2024, ECOVACS used 6,031.35 MWh of clean energy, including 2,530.71 MWh generated on-site by photovoltaic power systems at its Phase IV and Phase V factories, and 3,500.64 MWh of photovoltaic systems purchased by its subsidiary, Taiding New Energy.
• New green facilities under construction for ECOVACS and TINECO will further expand the use of renewable energy.

The company actively supports a circular economy through trade-in programs that encourage reuse and sustainability:

• In 2024, ECOVACS’ trade-in program collected 29,000 old units, backed by an investment of USD 3.13 million.
• The company recovered 5,434.05 tons of recyclable materials, including old computers and parts, with a total recycling value of USD 4.07 million.

In addition, ECOVACS integrates sustainability into its product innovation. Its newest robotic vacuum cleaner, DEEBOT X11 OmniCyclone, incorporates PureCyclone 2.0 Auto-Empty Technology directly into the OMNI Station – an industry first. This “bagless revolution” eliminates the need for disposable dust bags, saving up to 2 million dust bags annually^[1]. The design not only reduces costs for users but also makes everyday cleaning more efficient and sustainable.

Ensuring Robust Data Security and Protecting Consumer Privacy  

ECOVACS strictly complies with information security laws and regulations in all operating regions, including China’s Cybersecurity Law, Data Security Law, Personal Information Protection Law, and the EU’s General Data Protection Regulation (GDPR). The company has implemented a comprehensive, multi-layered information security management framework encompassing organizational structures, standards, and procedures to safeguard networks and personal data.

In 2024, ECOVACS received multiple high-level data protection certifications:

• External audits for ISO 27001 (Information Security Management System) and ISO 27701 (Privacy Information Management System) from BSI.
• Product certifications include the ETSI EN303 645 Consumer IoT Cybersecurity Standard from TÜV Rheinland, and the TÜV Rheinland 2pfg CH0003 information security certification for IoT systems.
• ECOVACS’ robotic vacuum cleaner models DEEBOT T80, X8 Family, and X9 Family received the “Diamond” Level loT Security Verification from UL Solutions.

The sustainability report also highlights ECOVACS’ advocacy of open innovation through its collaborations with universities, research institutes, and technology partners, using joint laboratories and incubation platforms to accelerate the development of advanced technologies. In supply chain management, ECOVACS collaborates with upstream and downstream partners across the industry chain to drive joint innovation, sharing resources and complementary capabilities in areas such as key technology development and green solutions. The company’s vertically integrated supply chain, combined with its focus on emerging technologies like embodied intelligence, ensures its competitiveness.

Looking ahead, ECOVACS remains committed to integrating sustainability into every aspect of its business, from product design and manufacturing to supply chain management and consumer engagement. By continuing to advance green initiatives, strengthen data security, and foster innovation, ECOVACS aims to lead the robotics industry and contribute to a more responsible, inclusive, and sustainable global future.

ABOUT ECOVACS Group

Founded in 1998 and headquartered in Suzhou, China, the ECOVACS Group has developed into a group of listed companies that are driven by independent R&D and innovation, mastering core robotics and intelligent technologies, owning two international consumer technology brands “ECOVACS ROBOTICS” and “TINECO”, as well as a complete industrial chain layout.

As a leader and pioneer in the service robot and high-end intelligent household appliances industries, the ECOVACS Group is built on the commitment of being fully people-focused, with a dedication to continuously innovate so that people around the world can enjoy a better life through the benefits of our technology and products. The ECOVACS ROBOTICS brand launched China’s first robotics vacuum cleaners DEEBOT and the TINECO brand launched China’s first smart wet dry vacuum cleaner Floor One, both of which have won the favor of the global market and built up a wide user base. Currently, ECOVACS Group’s products are exported to over 170 countries and regions worldwide, serving more than 50 million household users.