SANYA, China, July 21, 2025 /PRNewswire/ — On July 13, the 2025 International Beach Ultimate Elite Invitational wrapped up at Dadonghai Beach in Sanya. Beneath swaying palms and ocean breezes, cheers from spectators and athletes blended into a celebration that burnished Sanya’s cultural-tourism brand and wrote a new chapter in the deep integration of sports, culture, tourism and commerce.

As a flagship event of China’s 2025 Lifestyle Sports & Consumer Season, the tournament was staged by the Hainan Flying Disc Association, supported by the Sanya Tourism, Culture, Radio, Television and Sports Bureau and the Sanya Tourism Development Group, and run by Chenyang Sports with CCTV.com providing media coverage. Twenty teams from ten countries and regions, totaling more than 350 athletes, gathered in Sanya for two days of high-level competition.

On the fine white sand, players delivered spectacular throws, layouts and team plays, embodying the spirit of Beach Ultimate—”the disc never lands, we never give up.” In the end, the Philippines’ Boracay Dragons reclaimed the title through outstanding cohesion and skill, while Singapore’s Turtle Inn and Peacocks took second and third respectively.

Mr. Wang Ruoyang, President of the Hainan Flying Disc Association, told the closing ceremony, “This event showcased the global reach of Beach Ultimate and our commitment to world-class service. By blending elite sport with carnival vibes and uniquely local activities, we gave athletes and fans an unforgettable taste of Sanya’s energy and charm.”

Expanded format, bigger global “circle of friends” 

The field grew from 16 teams last year to 20 this year, drawing athletes from China, the Philippines, Singapore, Malaysia, Japan, Canada and more. The surge in teams and international competitors testifies to the event’s rising pull and its steady ascent as a key connector for Beach Ultimate players worldwide.

To match the growth, extra divisions were introduced. “Every squad now has a pathway to podium finishes in their tier,” Wang explained. Service quality also improved: Sanya’s pristine beaches thrilled spectators and athletes alike.

Boracay Dragons team manager Karen Cabrera praised the organization and venue: “The sand is perfect, the sun is shining, and the crowds are bigger than ever. We can’t wait to come back.”

Sport as a bridge to deeper culture-tourism integration 

For the first time, local specialties were woven into the prize table. Besides cash awards, B- and C-division champions received Hainan yellow-lantern chili sauce and partridge tea. Athletes were delighted: “These local treats are a fun way to learn about Hainan’s food culture—my family will love this tea!”

More than a tournament, the invitational was a showcase of Sanya as an international sports-tourism destination, luring young enthusiasts and injecting fresh energy into the city’s visitor economy.

With this success, Sanya has added another vivid chapter to its sports-culture story. The city will continue leveraging marquee events to deepen sport-tourism synergies, craft distinctive travel products and cement its status as a premier global destination for travelers and athletes alike.

HONG KONG, July 21, 2025 /PRNewswire/ — Wellcell Holdings Co., Limited (HK:02477) announced on July 21, 2025 the market launch of its global stablecoin payment platform “Fopay”, officially entering the crypto payments sector. The development and introduction of Fopay aims to capitalize on the global growth opportunities in crypto payments, providing both individual and corporate users with secure, efficient, and low-cost digital payment solutions.

Regulatory Tailwinds Driving Adoption 
2024 witnessed the implementation of key stablecoin regulatory frameworks worldwide – the EU’s MiCA establishing issuance standards, the U.S. Stablecoin Act strengthening compliance requirements, and Hong Kong’s Stablecoin Ordinance passed in May marking a watershed moment for Asia’s market. Against this backdrop, Wellcell’s timely launch of Fopay demonstrates strategic acumen and execution capability. As one of the few Hong Kong-listed companies positioned to benefit from the trillion-dollar global stablecoin opportunity, Wellcell’s strategic upgrade could emerge as a benchmark case under Hong Kong’s new virtual asset policies.

• JPMorgan research projects the compliant stablecoin payment market to exceed $5 trillion by 2027, growing at a 68% CAGR
• HKMA forecasts compliant stablecoin payments will account for over 25% of local cross-border settlements by 2025

Regulation-Friendly Architecture 
Fopay’s “compliant prepaid card” model partners with licensed institutions for stablecoin custody while integrating with the VISA network. This innovative approach mitigates asset custody risks while achieving interoperability with traditional finance – giving it significant compliance cost advantages over international competitors in Hong Kong.

Solving Cross-Border Payment Pain Points 
Fopay’s value proposition directly addresses three critical challenges in traditional cross-border payments:

1. Fee Disruption : Zero-fee peer-to-peer transfers and remittances, dramatically reducing costs compared to SWIFT
2. Speed Advantage : Crypto cross-border settlements in minutes versus 1-3 business days for traditional banks
3. Global Accessibility : Instant stablecoin-to-fiat conversion through VISA’s 60-million merchant network
4. Merchant Solutions : Crypto payment APIs enabling stablecoin settlements for e-commerce and trading companies to enhance capital efficiency

Technical Edge 
Notably, Fopay supports leading high-performance blockchains including Solana, Arbitrum, Ethereum, and BSC, delivering transaction throughput (TPS) orders of magnitude higher than traditional banking systems. This technical superiority creates a moat in high-frequency, low-value payment scenarios like cross-border e-commerce and game top-ups.

Shareholder Synergy: Hangfeng International’s Strategic Value 
As Wellcell’s largest single shareholder, Hangfeng International is demonstrating remarkable Web3 ecosystem synergies through its “payments + asset management” dual-engine strategy:

• Fopay’s user growth and capital accumulation will drive sustainable AUM expansion for Hangfeng’s planned U.S.-listed asset management subsidiary
• Public filings indicate Hangfeng’s asset management platform is preparing to launch regulated digital asset custody and management services, offering institutional-grade solutions to ecosystem partners

Strategic Investor Backing 
Hangfeng International’s shareholder base brings together strategic investors from fintech, cross-border trade, and industrial internet sectors. These quality industry partners will collectively develop practical payment application scenarios, creating lasting ecosystem value and business momentum.

Market Underappreciation 
Institutional research suggests this ecosystem synergy remains undervalued by the market. Beyond being a payment instrument, Fopay is transforming into a “super-interface” bridging traditional finance and Web3 – potentially the Web3 infrastructure benchmark that Hong Kong’s capital markets have been awaiting.

The strategic positioning of Fopay under Wellcell’s ecosystem, backed by Hangfeng International’s resources, presents a compelling case for being Hong Kong’s first truly institutional-grade Web3 payment infrastructure play.

LOS ANGELES, July 21, 2025 /PRNewswire/ — Reolink, an innovative leader in intelligent visual technology for the home, proudly announces the launch of its latest smart security solution: Elite Floodlight WiFi, a 4K 8MP dual-lens floodlight camera with AI-powered monitoring. As the world’s first floodlight camera to feature local AI Video Search^Beta, it introduces an intuitive way for users to instantly locate the exact video clips they need using simple, descriptive phrases. Combined with an ultra-wide field of view and advanced lighting, this camera delivers smarter, faster, and more reliable protection—all without subscription fees.

Reolink Elite Floodlight WiFi is now available for presale in the North American market through Reolink.com, with a retail price starting from $219.99.

A Camera Designed Around Pain Points

Many home security cameras struggle to keep up with real-world needs—critical moments get buried in hours of footage, key events slip past in blind spots, and suspicious activity often draws no attention when immediate response is needed most—especially at night when poor lighting makes it harder to see and respond. These common limitations can leave users feeling unprotected at the very moments they rely on their cameras most.

As part of Reolink’s commitment to user-centric innovation, Elite Floodlight WiFi brings a powerful combination of hardware and intelligence to solve these issues. With intelligent features like AI Video Search^Beta, an expansive 180° field of view, and adaptive lighting up to 3000 lumens, Elite Floodlight WiFi is purpose-built to help users see more, find faster, and protect better.

Intelligent Search Starts Here: Local AI Video Search^Beta

Elite Floodlight WiFi introduces industry-leading Local AI Video Search^Beta—a smarter, faster way to locate exactly what you’re looking for. Instead of scrubbing through hours of footage, users can type phrases like “man in a white hoodie” or “black pickup truck” to instantly find matching events. The system supports search categories including people, vehicles, animals, and even packages.

This advanced search capability, powered by ReoNeura^TM—Reolink’s smart AI system—runs entirely on the device, with no cloud connection or subscription required. It’s a private, intuitive way to take control of your footage and respond faster when it matters most.

180° Field of View, Blindspot-free in 4K

Reolink Elite Floodlight WiFi features advanced dual-image stitching technology to deliver a seamless 180° panoramic view in stunning 4K UHD. Designed to cover wide, open areas with a single device, it captures every corner with clarity—making it ideal for driveways, front yards, or commercial spaces where full-scene visibility is critical.

Powerful Floodlights for Night Time Protection

Elite Floodlight WiFi’s built-in floodlights provide up to 3000 lumens of brightness, giving users the flexibility to light up outdoor spaces as needed. Choose a warm 3000K glow for ambiance or a crisp 6000K cool light for enhanced visibility and color accuracy.

Its smart adaptive lighting modes automatically adjust brightness and color temperature based on time of day or detected activity. Users can choose from three smart lighting modes: Tailor Your Lighting for manual brightness and timing control, Dusk-to-Dawn for ambient light-based automation, and Motion-Triggered to activate lights, along with the siren (up to 105dB), if enabled, when people, vehicles, or animals are detected.

Effective Deterrence with Smarter Detection

This camera also features AI-powered motion detection that accurately distinguishes between people, vehicles, and animals—reducing false alarms and improving response precision. When activity is detected, users receive real-time app alerts and can trigger customizable warnings, such as sirens or voice messages.

Beyond basic detection, users can create customizable alert rules with smart AI: draw a virtual fence to monitor specific directions, define zones to trigger alarms when movement occurs, or set linger alerts for when people or vehicles remain too long in sensitive areas.

This launch reflects Reolink’s ongoing commitment to user-centric innovation—delivering advanced, reliable security designed for how people actually live. By combining powerful features with intuitive design and private, subscription-free operation, Reolink continues to redefine smart home protection for real-world needs.

To learn more about Reolink Elite Floodlight WiFi, please visit Reolink.com.

About Reolink

Reolink offers smart security solutions for homes and businesses, aiming for a seamless security experience with its wide range of products. Serving millions globally, it provides video surveillance and protection, standing out for its commitment to security technology innovation. Learn more about Reolink’s offerings at Reolink.com.

PHILADELPHIA, July 21, 2025 /PRNewswire/ — Minaris Advanced Therapies is pleased to announce the appointment of Dr. Orla Cloak as Chief Executive Officer. 

Dr. Cloak is a seasoned executive with over 20 years of commercial leadership experience in the Pharma and Life Science industries. She brings with her a proven track record of driving innovation, operational excellence, sustainable business growth and strategic leadership. Prior to joining Minaris Advanced Therapies, Orla held several leadership positions at Lonza over a 17-year period, most recently serving as Senior Vice President and Head of the Lonza Bioscience business. She holds a Bachelor of Science Degree from University College Dublin and a Doctorate in Microbiology from the University of Ulster.

Iain Baird, Chairman of the Board, Minaris Advanced Therapies commented: “On behalf of the board, I am delighted to welcome Orla to Minaris Advanced Therapies. Her leadership will be instrumental to achieving our mission of supporting customers to successfully commercialize their innovative therapies.”

Orla Cloak, Chief Executive Officer, Minaris Advanced Therapies commented: “I am honored to join Minaris Advanced Therapies at such a pivotal time. I look forward to working with the talented team here to build on the company’s strong foundations and drive its next phase of growth.”

About Minaris Advanced Therapies:

Minaris Advanced Therapies is a global contract development and manufacturing organization (CDMO) and contract testing provider focused exclusively on Cell and Gene therapies. Minaris Advanced Therapies is headquartered in Philadelphia, Pennsylvania, and has more than 650,000 square feet of infrastructure across the United States, Europe and Asia. The organization has manufactured and released over 7,500 GMP batches and has a global network that supports therapy developers through early-stage development, clinical trials and commercial manufacturing.

Minaris Advanced Therapies is a portfolio company of Altaris.

www.minaris.com

About Altaris:

Altaris is an investment firm with an exclusive focus on acquiring and building companies in the healthcare industry. Since its inception in 2003, Altaris has invested in more than 50 companies across a range of healthcare sub-sectors, with a consistent goal of delivering value to the healthcare system and generating attractive financial returns for investors. Altaris is headquartered in New York City and manages $10 billion of equity capital. For more information, please visit www.altariscap.com

Media Contact:

Tihesha Aaron

corp.communications@minaris.com

Dr. Orla Cloak, Recently Appointed Chief Executive Officer, Minaris Advanced Therapies