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Sunlight Real Estate Investment Trust (“Sunlight REIT”) Interim Results for the Six Months Ended 30 June 2025


HONG KONG SAR – Media OutReach Newswire – 11 August 2025 – Henderson Sunlight Asset Management Limited (the “Manager”) announces the interim results of Sunlight REIT for the six months ended 30 June 2025 (the “Reporting Period“).

Sunlight REIT recorded a 4.8% year-on-year decline in revenue to HK$391.2 million for the Reporting Period. Net property income was down by 5.4% to HK$307.4 million and the cost-to-income ratio was 21.4%.

Distributable income was relatively sturdy with a mild drop of 1.8% to HK$168.6 million, reflecting the positive impact from an approximately 14% savings in cash interest expense to HK$91.5 million. The Board has resolved to declare an interim distribution per unit of HK 9.1 cents, representing a payout ratio of 93.8% and an annualized distribution yield of 8.1% based on the closing price of HK$2.26 on the last trading day of the Reporting Period.

At 30 June 2025, the appraised value of Sunlight REIT’s real estate portfolio was HK$17,630.5 million. Total assets stood at HK$18,220.2 million, while its net assets attributable to unitholders came in at HK$12,634.1 million, implying a net asset value of HK$7.27 per unit.

Operating Highlights

The overall occupancy rate of Sunlight REIT’s portfolio at 30 June 2025 was 89.2% as compared to 91.3% at 31 December 2024, of which the office occupancy rate dropped to 90.0%, while the retail occupancy rate came in at 87.6%. At 30 June 2025, the passing rent of the office portfolio declined mildly by 1.2% from six months ago to HK$31.7 per sq. ft., while that of the retail portfolio was stable at HK$65.5 per sq. ft.

At 30 June 2025, the occupancy rate of Dah Sing Financial Centre was 90.6%, while its passing rent remained steady at HK$36.3 per sq. ft. As for the retail portfolio, Sheung Shui Centre Shopping Arcade recorded a lower occupancy rate of 87.0% at 30 June 2025, but its passing rent registered a slight improvement to HK$105.2 per sq. ft. Meanwhile, due to the departure of an education tenant in the second quarter of 2025, the occupancy rate of Metro City Phase I Property slipped to 87.1%, while its passing rent was HK$53.9 per sq. ft.

Mr. Au Siu Kee, Alexander, Chairman of the Manager, said, “Hong Kong’s commercial property market has yet to benefit from a more stable economic setting as the ongoing headwinds remain stiff, and the pressure of negative rental reversion is likely to stay. However, we are delighted to report that the refinancing of borrowings maturing in the next 12 months is progressing smoothly with favourable indicative pricing, underscoring the financial strength of Sunlight REIT. In sum, while it is envisaged that operational hurdles are bound to persist, the possibility of lower funding costs may help alleviate pressure on distributable income.”

Remarks: Attached financial highlights of 2025 interim results of Sunlight REIT.

Financial Highlights of 2025 Interim Results
(in HK$’ million, unless otherwise specified)

Six months ended
30 June 2025
Six months ended
30 June 2024Note
Change
(%)
Revenue 391.2 411.0 (4.8)
Net property income 307.4 324.9 (5.4)
(Loss) / profit after taxation (172.2) 79.5 N/A
Distributable income 168.6 171.6 (1.8)
Distribution per unit (HK cents) 9.1 9.1
Payout ratio (%) 93.8 90.9 N/A
At 30 June
2025
At 31 December
2024
Change
(%)
Portfolio valuation 17,630.5 17,933.6 (1.7)
Net asset value 12,634.1 13,010.1 (2.9)
Net asset value per unit (HK$) 7.27 7.53 (3.5)
Gearing ratio (%) 27.4 27.0 N/A

Note: The comparative figures are derived from the condensed interim financial statements for the 12 months ended 30 June 2024.

Disclaimer: The information contained in this press release does not constitute an offer or invitation to sell or the solicitation of an offer or invitation to purchase or subscribe for units in Sunlight REIT in Hong Kong or any other jurisdiction.
Hashtag: #SunlightREIT #REIT

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

About Sunlight REIT

Listed on The Stock Exchange of Hong Kong Limited since 21 December 2006, Sunlight REIT (stock code: 435) is a real estate investment trust authorized by the Securities and Futures Commission, and constituted by the trust deed dated 26 May 2006 (as amended and restated) (the “Trust Deed“). It offers investors the opportunity to invest in a diversified portfolio of 11 office and six retail properties in Hong Kong with a total gross rentable area of approximately 1.3 million sq. ft. The office properties are located in both core and decentralized business areas, while the retail properties are situated in regional transportation hubs, new towns and urban areas with high population density.

About the Manager

The Manager of Sunlight REIT is an indirect wholly-owned subsidiary of Henderson Land Development Company Limited. Its main responsibility is to manage Sunlight REIT and all of its assets in accordance with the Trust Deed in the sole interest of its unitholders.

“Senior Speed Stack” Introduces Emerging Sport Stacking to Help Reduce Cognitive Decline in the Elderly

Key Points:

  1. The Junior Chamber International (JCI) North District organized the “2025 Senior Speed Stack Closing Ceremony,” introducing sport stacking to help delay cognitive decline in the elderly.
  2. Celebrity Tiffany Lau (Tiffany) participated in speed stacking activities with seniors.
  3. Assistant Professor of Teaching Senior Dr Mok Kam-Ming from Lingnan University’s School of Interdisciplinary Studies, conducted a tracking study as part of the project, finding that seniors who consistently participated in speed stacking training showed a downward trend in stress and anxiety levels.

HONG KONG, Aug. 11, 2025 /PRNewswire/ — As Hong Kong faces an increasingly severe aging population problem, data from the Department of Health shows that 1 in 10 seniors aged 70 or above suffers from dementia, while 1 in 3 seniors aged 85 or above is affected. Therefore, delaying cognitive decline in the elderly has become a key societal concern.

On August 10, JCI North District held the grand “2025 Senior Speed Stack Closing Ceremony” at Choi Yuen Community Hall in Sheung Shui. Over the past four months, the project has conducted over ten sport stacking training sessions, successfully helping over 200 seniors improve hand-eye coordination and demonstrating significant results in slowing cognitive decline. Distinguished guests at the event included Ms Jessie YU Sau-chu, BBS, MH, JP, Executive Committee Chairperson of the Hong Kong Senior Citizens Association; celebrity Tiffany Lau; North District Councillor Lau Chun Hoi; former North District Council Chairman So Sai Chi, SBS, MH; and JCI Hong Kong China President Rafael Wong. The event received support from various social organizations and enterprises, including the Hong Kong Senior Citizens Association, Hong Kong Starlight Lions Club, Lingnan University, Sport Stacking Association of Hong Kong China, Wofoo Social Enterprises, Coalition of Global Home Service Sustainable Development, Hong Kong Christian Service, and Hong Kong Caring Magic Circus, raising awareness about using sport stacking to delay cognitive decline.

Scientific Validation of Stacking

Originally a globally popular speed sport, speed stacking has recently been scientifically validated for its “low barrier, high benefit” characteristics, making it particularly suitable for seniors. JCI North District President Kwok Chak Fung noted: “The purpose of ‘ Senior Speed Stack ‘ is to introduce a sport that requires no complex equipment or large venues. Seniors only need a set of specialized cups to practice at home or in community centers. From the qualitative research conducted with Lingnan University, we found that participants not only improved their reaction times but also built social connections through group training, effectively enhancing mental health and achieving the goal of ‘Senior Speed Stack.'”

According to a joint study by the University of WisconsinLa Crosse and Colorado Mesa University, speed stacking can improve participants’ hand-eye coordination by 30% and stimulate electrical activity in both brain hemispheres through alternating hand movements (Hart & Bixby, 2005), helping delay cognitive decline. Research also shows that sport stacking has a metabolic equivalent (MET) of 2.9, comparable to activities like bowling and walking (Murray et al., 2009), making it suitable for seniors to maintain basic physical fitness.

Additionally, Dr. Mok Kam-Ming, Assistant Professor of Teaching, School of Interdisciplinary Studies from Lingnan University conducted a follow-up study as part of the project, finding that seniors who consistently participated in cup-stacking training showed a downward trend in stress and anxiety levels. The sense of belonging fostered through group competitions indirectly strengthened social connections. Dr Mok said: “Many participants went from initial reluctance to actively serving as assistant coaches, demonstrating how speed stacking significantly boosts seniors’ confidence.” Participants also improved their memory, hand-brain coordination, and teamwork skills through training.

From “Zero Experience” to Cup-Stacking Experts

At the closing ceremony, over 120 senior participants, with an average age of 65, competed in speed-stacking races, showcasing impressive proficiency. Among them, participant Ms. Lam stood out by completing the 3-6-3 stacking pattern in just 7.24 seconds, becoming the champion of the event.

Tiffany Lau Competes with Seniors

Guest of honor Ms. Jessie YU Sau-chu, praised the “Senior Speed Stack” project for combining innovation with scientific evidence, stating: “Aging is no longer just about passive care. “Senior Speed Stack” proves that seniors can actively manage their health through emerging sports, truly realizing the vision of ‘enjoying aging.'” Celebrity Tiffany Lau also joined the cup-stacking challenge, competing with seasoned senior stackers. She said with a smile: “Seeing seniors so actively participating in a new sport makes me really happy.”

Building Bridges for Intergenerational Harmony

JCI Hong Kong China President Rafael Wong emphasized: “Facing an aging society, young leaders must take proactive steps to address social issues. Through the ‘Senior Speed Stack’ initiative, JCI has demonstrated this mission in action. Using speed stacking as a platform for intergenerational interaction, they have not only allowed seniors to experience the health benefits of a new sport but also fostered communication and collaboration across generations.” Project Chairman Jaydon Lim added: “When young people and seniors learn cup-stacking together, it not only enhances intergenerational communication and harmony but also allows for mutual observation and learning, strengthening family bonds and jointly creating ‘senior legacies.'”

About JCI North District

Established in 1985, JCI North District is one of the 21 chapters under JCI Hong Kong China. Through the four pillars of development “individual, business, community, and international”. It provides opportunities for young people aged 18 to 40 to participate in projects that serve society while training and improving themselves.

Originally based in the North District, the chamber has expanded its membership to include young professionals from across Hong Kong. Over the years, it has organized various projects, including the “Children Silver Tongue Contest,” “Lamplight of Peace,” “International Children’s Cultural Exchange Camp,” “Greater Bay Area – Northern Metropolis Youth Industry Opportunities Forum,” and “Mountain Clean.”

About ” Senior Speed Stack “

The ” Senior Speed Stack ” project introduces the emerging sport of cup-stacking (sport stacking) to the elderly community. It provides seniors with hand-eye coordination training to enhance brain-hand coordination, delay cognitive decline, and promote intergenerational harmony, allowing the elderly to enjoy the fun of sports. From April to August, the project successfully conducted 10 professional training sessions, serving over 200 seniors, and concluded with a timed cup-stacking competition involving 100 seniors at the closing ceremony.

The "Senior speed Stack" closing ceremony was held on August 10 at Choi Yuen Community Hall in Sheung Shui, with over 120 seniors in attendance.
The “Senior speed Stack” closing ceremony was held on August 10 at Choi Yuen Community Hall in Sheung Shui, with over 120 seniors in attendance.

 

Trina Storage Powers Latin America’s Energy Transition as Flagship GWh-Scale Project Ships to Chile

SHANGHAI, Aug. 11, 2025 /PRNewswire/ — Trina Storage has shipped the first 1.2GWh batch of its self-developed Elementa 2 BESS to Chile, marking its largest overseas standalone energy storage project and ushering in a new era of GWh-scale international deployments. This milestone validates the technical adaptability in extreme environments and delivering scenario-specific solutions to complex global operating conditions.

Trina Storage has shipped the first 1.2GWh batch of its Elementa 2 BESS system to Chile
Trina Storage has shipped the first 1.2GWh batch of its Elementa 2 BESS system to Chile

Located in Chile’s northern Atacama Desert, one of the world’s driest and most challenging regions, the project demanded exceptional engineering resilience. Specifically engineered for such demanding conditions, Trina Storage’s Elementa 2 Desert Solution ensures stable operation. This not only significantly lowers equipment failure rates and O&M costs but also empowers the system to rapidly respond to grid fluctuations and balance power supply and demand.

“This successful deployment of a GWh-scale project showcases Trina Storage’s full lifecycle solution capabilities,” emphasized Álvaro García-Maltrás, President of Trina Solar for Latin America and the Caribbean. “We combine world-class engineering with deep local market knowledge to guarantee successful deployment and long-term operational excellence.”

Given the project’s massive scale and complex logistics, Trina Storage leveraged its extensive global project experience and professional service network. Through its vertically integrated supply chain, intelligent manufacturing, and stringent quality control processes, the company ensured full-process controllability during the large-scale delivery phase.

In the meantime, Trina Storage rolled out its localized service strategy to ensure the smooth execution and long-term operation of the project. This included establishing a local service team familiar with Chilean regulations and market demands; integrating supply chain resources across the Latin American region to shorten logistics cycles and collaboration costs; and building a full-cycle after-sales service system covering commissioning, operation, and maintenance, forming an end-to-end service chain.

This project lands in a rapidly growing market. According to Chile’s Ministry of Energy, operational energy storage capacity reached 3,660 MWh by Q1 2025, solidifying the country’s leadership position in Latin America. The successful shipment of this GWh-scale project not only sets a benchmark for Trina Storage in the region but also provides robust support for the clean energy transition in Chile and neighboring countries through its reliable energy storage solutions.

With more than 10GWh energy storage system shipments covering over 100 countries across the globe, Trina Storage will continue to drive the green transformation of global energy structures with continued innovation, high-quality products, intelligent manufacturing, and global service network.

AVATAi Transforms Presentations with New AI-Powered 3D Platform at Ai4 2025, Revolutionizing Enterprise Presentations

KUALA LUMPUR, Malaysia, Aug. 11, 2025 /PRNewswire/ — AVATAi, a pioneer in AI-powered digital 3D avatar technology, today announced the global launch of its groundbreaking enterprise platform at Ai4 2025 in Las Vegas. This next-generation solution combines lifelike 3D avatars with custom-trained Large Language Models (LLMs) to turn traditional static presentations into interactive, intelligent conversations.

Avatai’s AI-driven Communication Tech
Avatai’s AI-driven Communication Tech

At the heart of the platform is an AI-powered 3D avatar that acts as a narrator, guide, and subject-matter expert. It delivers personalized, adaptive storytelling and remains available afterward for follow-up Q&A, giving users continuous access to expert-level insights. Please click here for the demo.

“Imagine finishing a sales pitch and leaving behind a digital version of your top expert who can answer any follow-up question, anytime,” said Magomet (Maga) Malsagov, Chairman/CEO of AVATAi. “That’s the new reality we’ve built. Our 3D avatars don’t just present information — they understand it.”

Key Capabilities of the AVATAi Platform:

  • Hyper-Realistic AI 3D Avatars & Custom LLMs: These 3D avatars serve as digital brand ambassadors, trained securely on a company’s private documentation to ensure consistent, on-brand, expert-level communication.
  • Customizable 3D Avatars with Real Voice Cloning: The platform enables organizations to create 3D avatars using the actual voice of a person of their choosing — whether it’s the CEO, Head of Sales, or product expert — through advanced voice cloning technology. This delivers an unmatched level of personalization and authenticity in every interaction.
  • Guided, Interactive Narratives: The 3D avatars dynamically tailor the presentation experience in real-time based on user profiles and inputs, keeping content relevant and engaging.
  • Persistent Expert Q&A: Once the guided narrative ends, the 3D avatar remains active for deep-dive discussions, turning the presentation into a living, searchable knowledge hub.
  • Live Data Integration: The 3D avatars are connected to real-time enterprise systems, allowing them to present and analyze up-to-the-minute data and metrics.

Enterprise Use Cases:

The AVATAi platform is purpose-built for sales enablementcomplex product training, and customer onboarding. It reduces the burden on sales and support teams, accelerates learning for new hires, and provides customers with a scalable, always-available expert resource.

By combining real voice cloning, hyper-realistic 3D avatars, and domain-trained intelligence, AVATAi redefines what it means to deliver and preserve expert knowledge — transforming every presentation into a living, intelligent asset.

Experience AVATAi at Ai4 2025

Visit Booth K-16 at Ai4 Las Vegas 2025 for live demos. For API access, partnerships, or inquiries, contact:

About AVATAi

  • AVATAi is redefining enterprise communication with its proprietary, cloud-based AI 3D avatar platform. Designed for seamless B2B deployment, AVATAi enables organizations to generate hyper-realistic, fully animatable 3D avatars from a single 2D image—directly from a smartphone.
  • Built with API-first architecture, AVATAi easily integrates into enterprise workflows, learning management systems (LMS), CRM tools, and custom applications. Its powerful APIs allow businesses to automate 3D avatar creation, embed interactive AI 3D avatars into digital touchpoints, and deliver consistent, branded experiences across channels.
  • Unlike traditional studio-based avatar solutions, AVATAi delivers studio-quality output without expensive equipment or manual intervention—making scalable AI powered digital 3D avatar technology accessible to sales, training, onboarding, and support teams across industries.

Invitation to Minesto’s Webinar: Half-Year Report 2025

GOTHENBURG, Sweden, Aug. 11, 2025 /PRNewswire/ — On Thursday August 14, Minesto, leading ocean energy developer, will publish their Half-Year Report 1 January – 30 June 2025. Dr Martin Edlund, CEO, will present and share key updates from Minesto, followed by a Q&A session.

The webinar will take place online at 10am (CEST) on Thursday 14 August 2025.

The presentation will be held in English.

The webinar will be broadcast through Finwire TV.

Following the session, a recording will be available online.

Welcome! Please register your attendance here: 

Minesto – Half-Year report 2025 – Finwire

The Half-Year Report is scheduled for publication at 08.30 (CEST) on Thursday 14 August, it will be distributed through press release and available at www.minesto.com

For additional information, please contact
Cecilia Sernhage, Chief Communications Officer
+46 735 23 71 58
ir@minesto.com

This information was brought to you by Cision http://news.cision.com

Invitation to Minesto’s Webinar: Half-Year Report 2025 On Thursday August 14, Minesto, leading ocean energy developer, will publish their Half-Year Report News Powered by Cision

 

Meet the Global Elite Team—-Marco’s Insights on Chassis Engineering & Pizza Philosophy

GUANGZHOU, China, Aug. 11, 2025 /PRNewswire/ — GAC is forging world-class chassis technology by synergizing top-tier international engineering expertise with China’s signature innovation speed, creating a solid foundation for its global expansion. This strategic approach showcases GAC’s global R&D capabilities in core automotive components and reflects the Chinese auto industry’s pivotal transition from scale advantage to technological leadership.

 

Meet the Global Elite Team——Marco’s Insights on Chassis Engineering & Pizza Philosophy

GAC’s globalization isn’t just about speed, but sustainable growth. In this exclusive interview, Marco, GAC’s Italian Chief Chassis Engineer, compares automotive chassis to pizza crust – “both require a perfect foundation to build excellence.” With decades of multinational experience, his team has developed modular chassis systems that deliver the golden triad of safety, comfort and responsiveness while enabling precise regional adaptations: heat-resistant configurations for Middle Eastern markets and handling-optimized versions for Europe – all maintaining GAC’s uncompromising quality standards.

Looking ahead, Marco outlines a two-phase technology roadmap: current development focuses on electrification-ready architectures and intelligent chassis systems, while future initiatives will pioneer next-generation mobility solutions. This dual-track strategy positions GAC at the forefront of chassis innovation as it accelerates global market penetration.

OneConnect to Announce First Half 2025 Financial Results

SHENZHEN, China, Aug. 11, 2025 /PRNewswire/ — OneConnect Financial Technology Co., Ltd. (NYSE: OCFT and HKEX: 6638) (“OneConnect” or the “Company”), a leading technology-as-a-service provider for the financial services industry in China, today announced that it will release the unaudited interim results of the Company and its subsidiaries for the six months ended June 30, 2025, and its publication before U.S. markets open on Thursday, August 21, 2025.

The financial results will be available at OneConnect’s investor relations website at ir.ocft.com and irhk.ocft.com.

Investor Relations: 
OCFT IR Team 
OCFT_IR@ocft.com

Media Relations: 
OCFT PR Team 
pub_jryztppxcb@pingan.com.cn

Tuya to Report Second Quarter 2025 Financial Results on August 26, 2025 Eastern Time

SANTA CLARA, Calif., Aug. 11, 2025 /PRNewswire/ — Tuya Inc. (“Tuya” or the “Company”) (NYSE: TUYA; HKEX: 2391), a global leading AI cloud platform service provider, today announced that it will report its second quarter 2025 unaudited financial results after the market closes on Tuesday, August 26, 2025.

Tuya’s management will hold a conference call at 08:30 P.M. Eastern Time on Tuesday, August 26, 2025 (08:30 A.M. Hong Kong Time on Wednesday, August 27, 2025) to discuss the financial results. In advance of the conference call, all participants must use the following links to complete the online registration process. Upon registering, each participant will receive the dial-in information and a unique PIN (personal access code) to join the call as well as an email confirmation with the details.

Participants Online Webcast Registration: https://edge.media-server.com/mmc/p/rq8kdw3a

Participants Call Registration: https://register-conf.media-server.com/register/BI3986123fbddc4ca5a85f960960afdf30

A live and archived webcast of the conference call will also be available at the Company’s investor relations website at https://ir.tuya.com/.

About Tuya Inc.

Tuya Inc. (NYSE: TUYA; HKEX: 2391) is a global leading AI cloud platform service provider with a mission to build an AIoT developer ecosystem and enable everything to be smart. Tuya has pioneered a purpose-built AI cloud platform with cloud and generative AI capabilities that delivers a full suite of offerings, including Platform-as-a-Service, or PaaS, Software-as-a-Service, or SaaS, and smart solutions for developers of smart device, commercial applications, and industries. Through its AIoT developer platform, Tuya has activated a vibrant global developer community of brands, OEMs, AI agents, system integrators and independent software vendors to collectively strive for smart solutions ecosystem embodying the principles of green and low-carbon, security, high efficiency, agility, and openness.

Investor Relations Contact

Tuya Inc.
Investor Relations
Email: ir@tuya.com

HL Strategy
Haiyan LI-LABBE
Email: hl@hl-strategy.com