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Sangfor Technologies Receives Frost & Sullivan’s 2025 Asia-Pacific Competitive Strategy Leadership Recognition in Cybersecurity Services

Sangfor is honored for delivering integrated, client-centric managed detection and response solutions that redefine cybersecurity service excellence across Asia-Pacific.

SAN ANTONIO, July 22, 2025 /PRNewswire/ — Frost & Sullivan is pleased to announce that Sangfor Technologies has received the 2025 Asia-Pacific Competitive Strategy Leadership Recognition in the cybersecurity services industry for its outstanding achievements in strategy development and execution. This recognition highlights Sangfor’s ability to scale comprehensive, customer-first security services while maintaining a strong innovation pipeline tailored to the dynamic cybersecurity demands of APAC.

Sangfor Technologies demonstrates its capability to align strategic priorities with regional threat landscapes and execute its managed detection and response (MDR) service with measurable impact. “At the core of Sangfor’s value proposition is its ability to consolidate cybersecurity service delivery into a cohesive, self-sustaining ecosystem. The company consistently delivers a well-calibrated balance between operational efficiency and service performance for its clients,” said Vivien Pua, senior industry analyst for security at Frost & Sullivan.

Guided by a vision to simplify and improve digital transformation security, Sangfor Technologies has demonstrated strong strategic agility in the managed security services space. The company’s MDR platform, Athena MDR, integrates network and endpoint telemetry with proprietary extended detection and response (XDR) and GenAI-powered engines. This ensures clients benefit from unmatched visibility and fast response across hybrid IT environments, addressing one of APAC’s most critical cybersecurity challenges: real-time situational awareness amid a growing talent shortage.

Innovation is foundational to Sangfor’s service architecture. By leveraging a proprietary technology stack and a consultative service delivery model, Sangfor ensures high-quality, scalable cybersecurity operations for organizations of all sizes. 

“We’re honored to receive the Frost & Sullivan Strategy Leadership Recognition in Cybersecurity Services for Sangfor Athena MDR,” said Darren Du, Vice President of Sangfor International Market. “Athena MDR, together with Athena XDR, forms the backbone of our Security Operations Series. In today’s complex threat landscape—where cyberattacks are increasingly sophisticated and the skills gap continues to widen—we believe it’s essential to combine advanced technology with expert human insight. This synergy empowers us to help customers bridge critical gaps across people, processes, and technology, delivering stronger, more resilient protection.”

The company’s differentiated approach is evident in its high-touch client engagement model. Each MDR client is supported by a dedicated Customer Success Manager and multilingual, 24/7 security operations centers. With a proof-of-value process embedded into the sales cycle, clients gain early insight into Sangfor’s capabilities, enhancing trust and transparency. Sangfor also stands out with its dynamic communication practices, including mobile-first messaging during incident response, driving faster collaboration and resolution.

Sangfor’s regional presence, bolstered by local points of presence in Malaysia and Indonesia and over 70 global offices, reinforces its commitment to compliance-ready service delivery tailored to local data residency requirements. This regional focus, coupled with scalable MDR deployment models based on monitored compute assets, empowers organizations across sectors—from small businesses to large enterprises—to access enterprise-grade protection.

Frost & Sullivan commends Sangfor Technologies for setting new standards in strategic execution, service innovation, and regional market responsiveness. The company’s 19.5% year-over-year growth in managed security services revenue, paired with a 91% renewal rate in 2024, underscores the market’s confidence in Sangfor’s ability to deliver value, resilience, and operational readiness.

Each year, Frost & Sullivan presents the Competitive Strategy Leadership Recognition to a company that has effectively leveraged competitive intelligence to execute a strategy resulting in stronger market share, enhanced brand positioning, and high levels of customer satisfaction. The recognition honors organizations that demonstrate a clear understanding of market dynamics and translate that insight into impactful, forward-looking strategies.

Frost & Sullivan Best Practices recognitions celebrate companies in regional and global markets for demonstrating superior performance in leadership, technological innovation, customer service, and strategic product development. Industry analysts evaluate market participants through extensive primary and secondary research to identify those setting benchmarks for best practices.

About Frost & Sullivan
For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders, and governments navigate economic changes and identify disruptive technologies, megatrends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion. Contact us: Start the discussion.

Contact:
Tarini Singh
E: Tarini.singh@frost.com

About Sangfor Technologies
Sangfor Technologies is a global leader in cybersecurity, cloud computing, and IT infrastructure, providing fully integrated and AI-driven solutions. Founded in 2000 and publicly listed since 2018 (STOCK CODE: 300454.SZ), Sangfor serves over 100,000 customers worldwide, including Fortune Global 500 companies, government institutions, universities, and healthcare organizations. With over 8,000 employees and more than 70 branch offices across APAC, EMEA, and LATAM, the company is committed to delivering on its mission to Make Your Digital Transformation Simpler and Secure.

A novel oral treatment for Alzheimer’s: Actinogen’s pivotal trial currently recruiting participants in the US

All 20 US trial sites are now open in the XanaMIA phase 2b/3 trial that is studying oral Xanamem® vs. placebo for 36 weeks, followed by an open label extension of active Xanamem for up to 24 months

SYDNEY, July 22, 2025 /PRNewswire/ — Actinogen Medical Limited (ASX: ACW) is encouraging individuals and their loved ones affected by Alzheimer’s disease to take part in a groundbreaking clinical trial that could transform the way we treat this devastating condition.

The trial is enrolling people diagnosed with mild to moderate Alzheimer’s disease, offering them a chance to participate in cutting-edge research aimed at stabilizing the cognitive and functional decline of Alzheimer’s.

Xanamem inhibits the production of the “stress hormone”, cortisol, in key areas of the brain that are linked to memory and critical thinking. Watch a two-minute explainer video on how Xanamem works here.

The trial involves taking a single pill once a day of Xanamem or matching placebo (“sugar pill”) and a series of clinic visits for the assessment of Alzheimer’s progress. It does not involve frequent brain scans or complicated procedures such as lumbar puncture.

All participants at the end of the XanaMIA trial are eligible for Actinogen’s open-label extension trial of active Xanamem for up to 24 months. This extension trial will open to completed XanaMIA participants in early 2026.

Who Can Join?

  • Individuals aged 50 or older with a diagnosis of mild to moderate Alzheimer’s disease
  • Participants with a study partner willing to attend clinic visits
  • Additional eligibility criteria apply

You can find out more information in these ways:

 

 ®Xanamem is a registered trademark of Actinogen Medical Limited

 

About Actinogen Medical

Actinogen Medical (ACW) is an ASX-listed, biotechnology company in the late clinical stages of development for Xanamem® (emestedastat), its novel oral therapy for Alzheimer’s disease and depression. The Company is based in Sydney, Australia with operations and clinical trials in Australia and the US. Xanamem, has been studied in eight clinical trials with more than 400 people treated to date and has a promising safety and efficacy profile. ACW’s ongoing clinical trial, XanaMIA, is a phase 2b/3 trial of 220 participants with mild to moderate Alzheimer’s disease (AD) and is currently enrolling in Australia and the US. To find out more about the trial click here.

About Xanamem (emestedastat)

Xanamem’s novel mechanism of action is to control the level of cortisol in the important areas of the brain through the inhibition of the cortisol synthesis enzyme, 11β-HSD1, without blocking normal production of cortisol by the adrenal glands. Xanamem is a first-in-class, once-a-day pill designed to deliver high levels of brain cortisol control in regions where 11β-HSD1 is highly expressed such as the hippocampus. Chronically elevated cortisol is associated with progression in Alzheimer’s Disease and excess cortisol is known to be toxic to brain cells. Elevated cortisol is also associated with depressive symptoms. Xanamem has demonstrated excellent brain target engagement and in human trials has shown potential to slow progression of Alzheimer’s disease and improve depressive symptoms in patients with moderately severe depression. To view Xanamem’s two-minute Mechanism of Action video, click here.

Xanamem is an investigational product and is not approved for use outside of a clinical trial by the FDA or by any global regulatory authority. Xanamem® is a trademark of Actinogen Medical.

List of XanaMIA phase 2b/3 trial clinical sites in the US

California

Carlsbad, 92011

Orange, 92866

Sherman Oaks, 91403

New Jersey

Toms River, 08755

Rhode Island

East Providence, 02914

Colorado

Denver, 80218

Englewood, 80113

New York

Albany,12208

Staten Island, 10314

Texas

Austin, 78757

Florida

Delray Beach, 33445

Miami, 33176

New Port Richey, 34652

Orlando, 32803

The Villages, 32162

Ohio

Dayton, 45459

Independence, 44131

Washington

Bellevue, 98007

Georgia

Decatur, 30030

Oregon

Portland, 97225

To check eligibility: https://app.clinials.io/en-US/alzheimers

Disclaimer

This announcement and attachments may contain certain “forward-looking statements” that are not historical facts; are based on subjective estimates, assumptions and qualifications; and relate to circumstances and events that have not taken place and may not take place. Such forward looking statements should be considered “at-risk statements” – not to be relied upon as they are subject to known and unknown risks, uncertainties and other factors (such as significant business, economic and competitive uncertainties / contingencies and regulatory and clinical development risks, future outcomes and uncertainties) that may lead to actual results being materially different from any forward looking statement or the performance expressed or implied by such forward looking statements. You are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof. Actinogen Medical does not undertake any obligation to revise such statements to reflect events or any change in circumstances arising after the date hereof, or to reflect the occurrence of or non-occurrence of any future events. Past performance is not a reliable indicator of future performance. Actinogen Medical does not make any guarantee, representation or warranty as to the likelihood of achievement or reasonableness of any forward-looking statements and there can be no assurance or guarantee that any forward-looking statements will be realized.

YITAHOME Invites Students to ‘Upgrade Your Room Before You Hit the Books’ With Smart, Stylish Dorm Solutions

NEW YORK, July 22, 2025 /PRNewswire/ — As the back-to-school season draws near, YITAHOME is thrilled to announce its latest campaign, “Upgrade Your Room Before You Hit the Books.” This initiative is designed to help students and families transform everyday spaces into environments that foster learning, growth, and self-expression. Focused on two key audiences—Gen Z students eager to personalize their dorms or apartments, and millennial parents looking to create study-friendly spaces for their children—this campaign offers solutions tailored to modern needs.

In an era where rooms often serve as classrooms, social hubs, and peaceful retreats, the right furniture is essential for success. YITAHOME’s curated back-to-school collection features compact, multifunctional, and stylish pieces that maximize even the smallest of spaces, making them feel both intentional and inspiring.

4 Smart Buys to Redefine Your Study Space:

  • YITAHOME Corduroy Fireside Bean Bag Chair, from $109.99 (was $118.69)
    Long study hours deserve soft landings. This oversized bean bag, with plush corduroy and high-resilience foam, molds to your body for all-day comfort. Lightweight and portable, perfect for dorm lounging, gaming, or winding down after class.
  • YITAHOME 5-Tier Bookshelf with Open Display, $45.99
    Smart space, smart mind. This slim bookshelf helps maximize your vertical space without crowding your floor. Its warm wood-grain shelves and sturdy frame keep textbooks, plants, or dorm knickknacks organized and stylish.
  • YITAHOME Shoe Storage Cabinet with Front Opening, from $69.99 (was $73.99)
    Say goodbye to cluttered entryways. These stackable shoe cabinets feature a modern front-opening design with clear panels, so you can easily spot your favorite pair. Each unit holds up to 6 pairs of shoes and is crafted from durable, easy-to-clean materials. Great for dorms or shared apartments where smart storage is a must.
  • YITAHOME Fabric Dresser with 8 Drawers, $79.99
    Designed for compact living, this lightweight fabric dresser offers generous drawer space to keep clothes, accessories, and school supplies neatly tucked away. The wooden top can double as a nightstand or display shelf, while the neutral tones blend effortlessly with dorm décor.

Each piece in the collection is designed with flexibility in mind, easy to assemble, space-conscious, and made to grow with students as their needs evolve. From first-day jitters to finals week, YITAHOME helps students and parents alike create an environment that feels just right from day one.

Follow Yitahome for the latest updates with more exclusive offers.
Amazon Store: Yitahome
Website: Yitahome.com
Instagram: @yitahome.us
TikTok: @yitahomefurniture
Facebook: Yitahome

About Yitahome
At Yitahome, we believe that everyone deserves a space they’re proud to call home. With thoughtful design, reliable quality, and a touch of elegance, we help turn everyday rooms into meaningful places. Dedicated to #MakingHomeHappen, our furniture is crafted to bring both function and style into your life one piece at a time.

 

Accelo Expands Leadership Position in Professional Services Automation with Acquisition of Forecast, an AI-Enabled SaaS Platform Headquartered in the UK

DENVER, July 22, 2025 /PRNewswire/ — Accelo, a cloud-based platform for Professional Services Automation (PSA), announced today its acquisition of UK-based PSA firm, Forecast, a global provider of AI-powered project and resource management software. This strategic acquisition further strengthens Accelo’s leadership in the PSA market and expands its capabilities in predictive planning, resource optimization, and intelligent automation. The merged company’s global headquarters is in Denver, CO with offices in Wollongong, Australia and the UK.

The combined entity will offer an even more powerful and comprehensive PSA solution, enabling professional services businesses to:

  • Improve Project Profitability: Gain real-time insights into project costs, revenue, and margins, allowing for proactive adjustments and optimized financial outcomes.
  • Enhance Resource Optimization: Utilize AI-powered forecasting and scheduling to allocate the right resources to the right projects at the right time, maximizing utilization and minimizing bench time alongside accurate and seamless timekeeping.
  • Streamline Operations: Automate workflows from sales and project delivery to billing and reporting, reducing administrative overhead and accelerating the quote-to-cash cycle.
  • Drive Data-Driven Decisions: Access unified data and advanced analytics to make informed strategic decisions and identify areas for growth and improvement.
  • Expand Global Reach: Strengthen Accelo’s presence in the UK and European markets, providing enhanced support and localized solutions to a broader client base.

Karen Sawyer, CEO of Accelo, states, “We’re extremely enthusiastic about Forecast’s people, products, and most importantly, their customers; this compelling merger of strengths combines Forecast’s AI-powered insights with Accelo’s unified Professional Services Automation platform.” Sawyer then says, “We are building a smarter, more agile solution that provides global enterprise clients the critical insights and comprehensive controls required for high-quality, profitable project delivery.”

Dennis Kayser, Founder and CEO of Forecast, added, “From inception, we envisioned building a market-leading, native AI-enabled PSA system to support the world’s best run consultancies regardless of size and unique business model requirements.” Kayser further stated, “With significant growth capital from Bow River Capital, and this combination with Accelo, we have capabilities to significantly enhance product roadmap innovations and will double-down on strategic client success investments and services.”

Maitlan Cramer, Lead Accelo board member with Bow River Capital’s Software Growth Equity Team, said, “We’re thrilled to announce the acquisition of Forecast; this strategic combination and incremental growth capital creates a much larger cohort of high-quality, enterprise clients across Europe, North America, and Asia-Pac. The combined entity will significantly enhance acceleration of our product roadmap and scale.”

Charles Chen, an Accelo Board member and Partner at Level Equity, stated, “We have strong conviction in the Professional Services Automation industry, and are thrilled with the value creation progress since the recapitalization with our partners at Bow River Capital.”

The Forecast team will join Accelo to accelerate innovation across both platforms, with a shared vision to eliminate operational blind spots and empower teams to do their best work. Customers of both platforms can expect continued support and improvements, with future product enhancements driven by collaborative innovation and customer feedback.

This acquisition comes at a time when demand for unified, insight-driven operations continues to rise among professional services organizations. As teams face increasing pressure to optimize resources, control margins, and deliver exceptional client outcomes, the combination of Accelo and Forecast offers an unmatched solution that connects work, people, and financials in real time.

About Accelo

Accelo is a cloud-based Professional Services Automation (PSA) platform that helps professional services-based businesses streamline operations, improve efficiency, and scale profitably. Designed for industries such as consulting, accounting, engineering, architecture, IT services, and marketing agencies, Accelo replaces fragmented tools with a single, integrated system for managing clients, projects, resources, and finances.

By unifying the quote-to-cash lifecycle, Accelo enables businesses to automate workflows, track projects, optimize resource allocation, and gain real-time visibility into operations. With built-in CRM, project tracking, scheduling, invoicing, and analytics, Accelo empowers professional services firms to improve productivity, enhance team collaboration, and drive sustainable growth.

About Forecast

The Forecast AI-native platform is a system of intelligence that represents the most advanced technology ever applied to managing finances, resources and projects. Forecast is the ultimate upgrade for any project team and organization.

Our platform automates busywork, surfaces best practices, predicts outcomes, guides projects to success, and most importantly empowers every team member to do their best work. Technology doing what it does best, so humans can do what they do best.

For more information about the acquisition and what it means for Accelo and Forecast customers, visit www.accelo.com/post/accelo-acquires-forecast-an-ai-enabled-saas-platform

Press contact:
Name: Aaron Ramaekers
Phone: 402-990-7853
Email: aaron.ramaekers@accelo.com

Logo – https://laotiantimes.com/wp-content/uploads/2025/07/accelo_logo.jpg

Neoclouds to Generate Over US$65 Billion in GPU-as-a-Service Revenues by 2030, ABI Research Finds

NEW YORK, July 22, 2025 /PRNewswire/ — ABI Research, a global technology intelligence firm, forecasts that neocloud providers (a new class of specialized cloud providers) will generate over US$65 billion in GPU-as-a-Service (GPUaaS) revenues by 2030, as enterprise demand surges for AI-first infrastructure that traditional hyperscalers have been slow to deliver. Neoclouds are capturing market share by offering scalable, sovereign, and developer-centric GPU compute environments that align with the needs of AI-driven organizations.

“Neoclouds are not simply a reaction to GPU shortages—they reflect a longer-term shift toward more tailored, agile infrastructure for AI,” explains Leo Gergs, Principal Analyst at ABI Research. “Chipset vendors like NVIDIA and AMD must be cautious. As control over GPU access and AI workload orchestration shifts to these intermediaries, there is a risk of diminished transparency and reduced direct alignment with enterprise outcomes.”

Unlike hyperscalers retrofitting CPU-centric architectures, neocloud providers operate greenfield environments designed specifically for AI performance. They leverage tight integration with accelerator vendors and full-stack design—from infrastructure to orchestration—to support foundation model training, fine-tuning, and multimodal inference. ABI Research’s analysis categorizes the ecosystem into four archetypes: GPUaaS opportunists, full-stack AI-first platforms, decentralized compute marketplaces, and domain-specific AI infrastructure providers. Companies such as CoreWeave, Lambda Labs, Crusoe Cloud, and Nebius are already redefining go-to-market approaches with reserved capacity, bulk credits, sovereign cloud deployments, and MLOps integration.

“Neoclouds face high capital intensity and pressure to differentiate beyond raw hardware access,” Gergs continues. “Standing up large GPU fleets, building orchestration layers, and offering sovereign infrastructure requires significant upfront investment. Without adtech or SaaS revenue streams, like the hyperscalers, they must rely heavily on partnerships with chipset vendors and integrators to stay competitive. That dependence, however, gives them disproportionate influence—they could become new gatekeepers for AI infrastructure access, similar to the role hyperscalers have long played.” The implications reach beyond infrastructure. As pricing models diversify and sovereignty becomes a competitive differentiator, the balance of power in the AI ecosystem is evolving.

“The rise of neoclouds signals a rebalancing of power in the AI infrastructure value chain,” Gergs concludes. “To thrive, chipset makers, integrators, and enterprises alike must foster open ecosystems, prioritize transparency in orchestration, and diversify their partnerships to avoid lock-in and sustain long-term innovation.”

These findings are from ABI Research’s Mapping the Neocloud Market Landscape: Definitions, Technology Characteristics & Business Models report. This report is part of the company’s Cloud research service, which includes research, data, and ABI Insights.

About ABI Research   

ABI Research is a global technology intelligence firm uniquely positioned at the intersection of technology solution providers and end-market companies. We serve as the bridge that seamlessly connects these two segments by providing exclusive research and expert guidance to drive successful technology implementations and deliver strategies proven to attract and retain customers.

ABI Research是一家全球性的技术情报公司,拥有得天独厚的优势,充当终端市场公司和技术解决方案提供商之间的桥梁,通过提供独家研究和专业性指导,推动成功的技术实施和提供经证明可吸引和留住客户的战略,无缝连接这两大主体。

For more information about ABI Research’s services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific, or visit www.abiresearch.com.

Contact Info:

Global                                          
Jason Scheer                                                           
Tel: +1.516.624.2562                                                    
pr@abiresearch.com

 

Pony.ai’s Proprietary L4 Automotive-Grade Domain Controller Achieves 2 Million Kilometer Milestone

GUANGZHOU, China, July 22, 2025 /PRNewswire/ — Pony.ai, a global leader in autonomous driving, today announced its Level 4 (L4) automotive-grade autonomous driving (AD) domain controller—deployed in the company’s seventh-generation Robotaxi fleet—has surpassed 2 million kilometers of on-road testing. This achievement reflects the system’s exceptional hardware reliability and software adaptability, meeting the rigorous demands of L4 autonomous driving.

Unveiled at the Shanghai Auto Show in April as a production-ready solution for L4 autonomy, Pony.ai’s seventh-generation AD system is built entirely with automotive-grade components. Designed for a lifecycle of 10 years or 600,000 kilometers, the full AD stack—including the domain controller—represents a major leap in performance, durability, and cost-efficiency. Through extensive algorithm optimization and system engineering, Pony.ai has reduced the domain controller’s cost by 80% compared to the previous generation, while also extending its lifespan—substantially lowering the total lifecycle cost of the system.

Developed entirely in-house, the world-first L4 automotive-grade domain controller utilizes three NVIDIA OrinX chips in the main unit with a fourth OrinX chip dedicated to system redundancy, delivering 1,016 TOPS of computing power. Through a co-designed hardware-software architecture, Pony.ai custom-developed the domain controller to meet the comprehensive system and functional requirements of fully driverless Robotaxis, as well as the performance and safety demands of L4 autonomous driving algorithms. As a result, the controller achieves a 50% to 80% reduction in size, weight, power consumption, and cost—significantly optimizing hardware expenses. With continuous algorithm iteration and highly efficient inference optimization, Pony.ai has successfully delivered L4 autonomous driving capabilities and safety assurance using mass-produced, cost-effective, and mature automotive-grade chips.

Functioning as the central computing hub, this controller integrates a wide array of sensors, essential functions and supporting controllers required for Robotaxi operation. These include system power management, interactive display, hazard warning lights, gateways, and Global Navigation Satellite System (GNSS).  By integrating these features into a single unit, Pony.ai has reduced wiring complexity and the number of individual components, streamlining vehicle layout, lowering manufacturing costs, and minimizing potential failure points. Furthermore, it simplifies assembly line processes, making mass production faster and more efficient. The domain controller supports both liquid cooling and passive cooling. When the liquid cooling system encounters malfunction, the redundant system ensures safe pull-over with passive cooling.

The system incorporates a multi-layered safety architecture and degradation strategies, delivering “Fail Operational” capability. In the event of a primary system failure, the controller can seamlessly switch to the redundant system or the Minimum Risk Condition Controller (MRCC) to ensure safe vehicle control. Even if the main system’s power or chassis communication fails, the redundant system can still maintain critical perception (including blind spot coverage) and safe driving capabilities. This allows the vehicle to navigate intersections or ramps and safely pull over, minimizing the risk of traffic disruption or collisions.

At the core of Pony.ai’s system is a “safety first” philosophy, realized through full-vehicle redundancy and a high degree of algorithmic intelligence.  Leveraging its PonyWorld foundation model and reinforcement learning, the company delivers driving performance that consistently surpasses human-level capabilities, while continuously improving its system’s response to complex real-world scenarios.

With seventh-generation Robotaxis now in mass production and actively undergoing road testing, this safe, robust, and cost-effective solution is set to significantly expand Pony.ai’s driverless fleet and enhance user mobility experiences. 2025 marks Pony.ai’s first year of mass production, with a planned fleet of 1,000 autonomous vehicles—a key step toward achieving economies of scale and operational excellence.

 

TCL Electronics (01070.HK) Publishes Positive Profit Announcement

Expects Adjusted Profit attributable to Owners of the Parent for 1H 2025 to Grow by Approximately 45% to 65% YoY

HONG KONG, July 22, 2025 /PRNewswire/ — TCL Electronics Holdings Limited (“TCL Electronics” or the “Company”, 01070.HK) published a positive profit announcement. Based on a preliminary review of the unaudited management accounts of the Company for the first half of 2025 and the information currently available to the Board, it is expected that the Company’s adjusted profit attributable to owners of the parent[1] for the first half of 2025 will be in the range of approximately HK$950 million to HK$1,080 million, representing an increase of approximately 45% to 65% as compared with the corresponding period in 2024.

The expected significant increase in adjusted profit attributable to owners of the parent is mainly attributable to the following two factors:

1)The Company has adhered to its strategic vision of “Lead with Brand Value, Excel in Global Efficiency, Drive with Technology, Thrive on Global Vitality” and has been committed to “Globalised” and “Mid-to-High-End” development. It has increased R&D investment in high-end display technology such as Mini LED and artificial intelligence, so as to further enhance the competitiveness of the Company’s products and promote the implementation of its mid-to-high-end strategy across the globe. Moreover, the Company has built up its capacity to respond to risks arising from global operations in an agile manner by strengthening its leading advantages in global supply chain and channel layout. In addition, the Company has further upgraded its global brand value and unleashed its brand potential since TCL became a Worldwide Olympic Partner in early 2025. Despite a complex and fast-changing market environment, the Company’s core business has achieved growth of better quality in scale and significant improvement in product mix and channel structure, while the innovative business has maintained strong growth momentum in the first half of 2025.

2)The Company has continued to build its optimal cost effectiveness and efficiency advantage. During the first half of 2025, through effective digital transformation, automation and intelligentisation, bulk management and production capacity optimisation, the Company has boosted its operational efficiency in production, manufacturing, logistics, warehousing, etc. As a result, the Company’s overall expense ratio has been further reduced in the first half of 2025. Additionally, the Company has upgraded its global talent cultivation and management system to develop a strong talent pool full of vitality, and has driven up the results of the Company through share incentive plans.

Looking ahead, the Company will remain focused on enhancing product competitiveness, further strengthening its global product planning capabilities, and expanding investment in research and development across advanced technologies such as high-end displays and artificial intelligence. In addition, the Company will continue to deepen its global multi-centre operational model, advance its localisation strategy, and develop a consumer- and client-centric intelligent ecosystem supply chain. By reinforcing its global operational excellence, TCL Electronics is committed to becoming a leading smart device enterprise with a robust and genuinely global footprint.

About TCL Electronics

TCL Electronics Holdings Limited (01070.HK, incorporated in the Cayman Islands with limited liability) was listed on the mainboard of the Hong Kong Stock Exchange in November 1999. It is engaged in display business, innovative business and internet business. TCL Electronics actively transforms and innovates under the strategy of “Lead with Brand Value, Excel in Global Efficiency, Drive with Technology, Thrive on Global Vitality”. Focusing on the mid-to-high-end markets around the world, the Company strives to consolidate the “Intelligent IoT Ecosystem” strategy and is committed to providing users with an all-scenario smart and healthy life while developing into a world-leading smart technology company. TCL Electronics is part of the Shenzhen-Hong Kong Stock Connect programme and is included in the Hang Seng Stock Connect Hong Kong Index, the Hang Seng Composite MidCap & SmallCap Index and the Hang Seng Corporate Sustainability Benchmark Index. Besides, it has received Hang Seng Index’s ESG rating of A for consecutive years since 2018.

For more information, please visit the investor relations web page of TCL Electronics at http://electronics.tcl.com.

[1] Adjusted profit attributable to owners of the parent refers to a non-HKFRS financial measure adopted by the Company to supplement the Company’s consolidated results prepared and presented in accordance with HKFRS issued by the Hong Kong Institute of Certified Public Accountants as an additional, but not a substitute, financial measure, which is defined by the Company as profit attributable to owners of the parent after adding back the following adjustments: (i) (gain)/loss from investment companies, net; (ii) (gain)/loss on disposal and liquidation of subsidiaries, net; (iii) (gain)/loss related to call options and put options, net; (iv) (gain)/loss on disposal of non-current assets, net; and (v) income tax effect. The management of the Company believes that the adjusted profit attributable to owners of the parent provides useful supplementary information to investors in assessing the results of the Company’s core businesses by excluding the impact of certain non-cash items, investments and non-current assets transactions. However, such definition does not have a standardised meaning prescribed by HKFRS and therefore may differ from similar terminology used by other companies, and may not be comparable to similar measures presented by other companies. Accordingly, the use of such non-HKFRS measure has limitation as an analytical tool, and investors should not consider it in isolation form, or as a substitute for analysis of our results of operations or financial conditions as reported under HKFRS.

Media contact:
TCL Electronics
E-mail: hk.ir@tcl.com

Yiren Digital to Release 2024 ESG Report on June 24, 2025

BEIJING, July 22, 2025 /PRNewswire/ — Yiren Digital Ltd. (NYSE: YRD) (“Yiren Digital”), an AI-powered platform providing a comprehensive suite of financial and lifestyle services in Asia, announced that it plans to release its annual ESG report for the year ended December 31, 2024, before U.S. market opens on Thursday, June 24, 2025.

Safe Harbor Statement

This press release contains forward-looking statements. These statements constitute “forward-looking” statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “target,” “confident” and similar statements. Such statements are based upon management’s current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond Yiren Digital’s control. Forward-looking statements involve risks, uncertainties, and other factors that could cause actual results to differ materially from those contained in any such statements. Potential risks and uncertainties include, but are not limited to, uncertainties as to Yiren Digital’s ability to attract and retain borrowers and investors on its marketplace, its ability to introduce new loan products and platform enhancements, its ability to compete effectively, PRC regulations and policies relating to online lending service industry in China, general economic conditions in China, and Yiren Digital’s ability to meet the standards necessary to maintain the listing of its ADSs on the NYSE or other stock exchange, including its ability to cure any non-compliance with the NYSE’s continued listing criteria. Further information regarding these and other risks, uncertainties or factors is included in Yiren Digital’s filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and Yiren Digital does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.

About Yiren Digital

Yiren Digital Ltd. is an advanced, AI-powered platform providing a comprehensive suite of financial and lifestyle services in Asia. Our mission is to elevate customers’ financial well-being and enhance their quality of life by delivering digital financial services, tailor-made insurance solutions, and premium lifestyle services. We support clients at various growth stages, addressing financing needs arising from consumption and production activities, while aiming to augment the overall well-being and security of individuals, families, and businesses.