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ATxEnterprise 2026 Signals Southeast Asia’s Shift from AI Experimentation to Enterprise Deployment

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SINGAPORE, May 22, 2026 /PRNewswire/ — Southeast Asia’s transition from AI ambition to real-world enterprise adoption took centre stage this week at Asia Tech x Enterprise (ATxE) 2026, part of Asia Tech x Singapore (ATxSG) that is jointly organised by the Infocomm Media Development Authority (IMDA) and Informa Festivals. Held at Singapore EXPO, the event saw over 120,000 business interactions and a 55% international exhibitor and speaker line-up across Southeast Asia, Greater China, Japan, Europe, and North America. This reinforces Singapore’s role as a strategic gateway connecting global innovation with Asia’s evolving digital economy.

Policymakers, enterprise leaders, and global technology players converged at ATxE 2026
Policymakers, enterprise leaders, and global technology players converged at ATxE 2026

ATxE 2026 reflected a broader market shift across the region. Enterprises have moved beyond experimentation with AI to integrating it into their long-term business strategy. With over 700 exhibitors across 35 pavilions, ATxE convened companies, sectors, and technologies scaling growth across AI, cloud, cybersecurity, satellite, media, and digital infrastructure.

Over 450 speakers — including policymakers and industry leaders — convened at ATxE 2026. In addition to global companies such as Microsoft and TikTok, the event featured representatives from Indonesia’s Coordinating Ministry for Economic Affairs and ambassadors and trade leaders from Qatar, Saudi Arabia, and the European Union. Speakers addressed opportunities and challenges shaping Southeast Asia’s digital future, from sovereign AI adoption to regional connectivity.

AI Adoption Expands Beyond the Technology Sector

A clear signal of this shift was the growing participation of traditionally non-tech industries in accelerating digital transformation efforts. Supply Chain, Logistics and Transport recorded a +500% increase in VIP enterprise buyers, followed by Healthcare and Pharma (+320%), Retail and FMCG (+80%), Manufacturing (+37%), and Banking and Finance (+32%).

This cross-sector demand reflects how AI adoption is becoming increasingly business-critical. Dealmaking was anchored by a highly senior audience, with 71% of attendees being manager-level or above. To support business outcomes and cross-border collaboration, the event facilitated networking initiatives through ATxConnect, Hosted Buyer Programme, and Startup Pitch Sessions.

Advancing Southeast Asia’s AI and Digital Transformation Agenda

Discussions focused on the foundations needed to sustain long-term digital growth, including workforce readiness, cyber resilience, trusted digital ecosystems, and regional coordination.

In his opening address, Senior Minister of State for the Ministry of Digital Development and Information, Mr Tan Kiat How, highlighted Singapore’s push to make AI practical and accessible for enterprises, particularly SMEs. Several initiatives were introduced to support enterprise AI adoption and cyber resilience. These included the launch of the AI for Enterprise Impact Playbook with insights from over 1,000 enterprises to guide local firms with existing digital capabilities on the next steps in AI adoption. Partnerships with Grab and RSM Stone Forest IT were forged to support the Digital Enterprise Blueprint, a national strategy that helps SMEs digitalise through support from established technology vendors. Mr Tan also announced the inaugural SME AI Impact Awards 2026 to encourage more SMEs to adopt AI.

“What stood out this year was the level of convergence happening across industries, markets, and leadership groups,” said Joyce Wang, Event Director for ATxSG at Informa Festivals. “Conversations are no longer centred on whether AI adoption will happen, but how enterprises and governments can scale it responsibly, securely, and collaboratively across the region. ATxEnterprise has become a platform where these conversations translate into real partnerships, practical solutions, and measurable business outcomes.”

ATxEnterprise will return to the Singapore EXPO from 26-28 May 2027.

About Asia Tech x Singapore (ATxSG)

ATxSG 2026 is Asia’s leading technology event jointly organised by Infocomm Media Development Authority (IMDA) and Informa Festivals, supported by the Singapore Tourism Board (STB). The event consists of two main segments, ATxSummit and ATxEnterprise.

About Informa Festivals

Informa Festivals produces some of the world’s most influential technology gatherings, including London Tech Week, Africa Tech Festival and Asia Tech x Singapore. These events bring together global leaders across enterprise, government, start-ups and investment to explore the technologies shaping the future of the digital economy. Informa Festivals is part of Informa PLC, a leading international B2B Live Events, B2B Digital Services and Academic Markets Group. For more information, please visit: https://www.informa.com/divisions/informa-festivals/

Quanchai Showcases Self-Developed Agricultural Power Solutions at AGRITECHNICA ASIA 2026

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Advertorial Desk
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BANGKOK, May 22, 2026 /PRNewswire/ — A report from China Construction Machinery Information Network & Forktruck Network.

Quanchai made a strong appearance at AGRITECHNICA ASIA 2026, held from May 20 to 22 at the Bangkok International Trade & Exhibition Centre (BITEC), Thailand. As one of Asia’s leading trade platforms for agricultural technology and innovation, AGRITECHNICA ASIA attracted professional visitors from 73 countries, with international trade participants accounting for 48% of the total audience.

At Booth E1, Hall 98-99, Quanchai presented its core agricultural power products, demonstrating the innovation, performance and application value of China’s self-developed high-performance engines in intelligent agricultural equipment.


Focusing on Cost-Effective Low-Power Solutions — Quanchai V13

At the exhibition, Quanchai highlighted its V13 engine, a domestically developed low-power dedicated engine designed for tractors, high-speed rice transplanters, small construction machinery, and small generator sets. Developed through independent innovation with internationally advanced design concepts and testing technologies, the V13 combines high performance with strong cost efficiency, making it one of the most powerful and cost-effective options among engines of the same displacement.

The V13 engine has a displacement of 1.3 liters, with a maximum power output of 19.8 KW and a peak torque of 80 N•m. Its torque reserve coefficient reaches up to 35%, delivering approximately 30% better power performance than comparable products. Its lightweight aluminum alloy engine block makes it the lightest in its class at the same volume, better suited to agricultural operating scenarios while also allowing easier maintenance.

Equipped with a high-pressure common rail fuel system and patented direct-injection combustion chamber technology, the V13 significantly improves combustion efficiency and reduces fuel consumption. It also supports instant start-up at temperatures as low as -25°C, offers a B10 service life of more than 20,000 hours, reduces idle noise by 4–5 dB compared with competing products, and lowers vibration by 30%, providing agricultural users with stable and reliable power output.

A New Benchmark for Heavy-Duty Agricultural Machinery Power — Quanchai V38N

In addition to its low-power engines, Quanchai also showcased the V38N, a heavy-duty engine designed for large-displacement tractors. Jointly developed by Quanchai and AVL of Austria, the V38N is specially designed for 50-horsepower tractors. It features a displacement of 3.8 liters and a maximum torque of 270 N•m, with low-speed torque increased by 25%. This enables the engine to handle complex working conditions and improve operating efficiency by approximately 30%.

The V38N also delivers strong advantages in fuel consumption control. Equipped with a diesel system dedicated to off-road applications and AVL combustion technology, it achieves more precise fuel atomization and lower fuel consumption. Under high-intensity operating conditions, its integrated front bracket and reinforced engine block ensure stability and reliability when used with high-load agricultural implements such as rotary tillers and seeders, providing strong support for frequent operations during busy farming seasons.

The launch of the V38N redefines the power standard for medium-sized tractors, enabling every drop of fuel and every unit of horsepower to be converted into tangible agricultural productivity.

A Highly Efficient Mid-Power Choice — Quanchai E25N

The Quanchai E25N is a high-performance Euro V diesel engine developed on the proven Quanchai Q Series platform, specifically for 50–70 hp tractors. Inheriting the Q Series’ strengths of reliability, fuel efficiency, and durability, the E25N features a 2.5-liter displacement, rated power of 75 hp, maximum torque of 290 N•m, and low-speed torque of 240 N•m at 1,000 rpm, delivering stronger performance for plowing, rotary tillage, and heavy-load climbing.

Equipped with a Bosch 1,600 bar high-pressure common rail system, the engine achieves fuel consumption as low as ≤205 g/kW•h. With a reinforced crankshaft, optimized intake and exhaust ports, low-friction design, efficient cooling, and improved sealing structure, it offers high reliability and longer maintenance intervals.

Thanks to its compact structure and integrated layout, the E25N is well suited for 50–70 hp wheeled tractors and can meet the needs of multiple operating scenarios, including paddy fields, dry farmland, and orchards.

Deepening Its Presence in Overseas Markets and Building a Global Service Network

In recent years, Quanchai has continued to expand its overseas presence, with its products exported to more than 100 countries and regions worldwide. The company is accelerating its transformation from “product globalization” to “system globalization.”

Over the past three years, Quanchai ‘s overseas business has achieved a compound annual growth rate of more than 50%, demonstrating strong growth momentum. Currently, the company has established five overseas offices covering Southeast Asia, North Africa, the Middle East, South America, and Eurasia. It is also continuously improving its localized service network to provide global customers with fast-response technical support, spare parts supply, and after-sales services.

Exhibition Presence and Technical Showcase

At AGRITECHNICA ASIA, Quanchai showcased not only its three core engine products—the V13, V38N, and E25N—but also used digital displays and live engine demonstrations to give visitors an intuitive experience of Quanchai engines’ high performance, low fuel consumption, and reliability.

At the booth, technical specialists provided detailed explanations of the engines’ design concepts, combustion technologies, low-temperature start-up capability, and adaptability to frequent high-intensity operations, attracting strong interest from international customers and industry experts.

Through the exhibition, Quanchai demonstrated to the global agricultural machinery industry the application advantages of “China-developed power” in smart agricultural equipment, while highlighting its technological innovation strength and global service capabilities.

Leading Chinese Power Brands onto the Global Stage

As global agricultural machinery continues to evolve toward higher efficiency, intelligence, and energy savings, power systems have become a key factor in improving operating efficiency and work quality. With its independent R&D capabilities, international design concepts, and well-established overseas service network, Quanchai  is accelerating the global expansion of China’s agricultural power equipment and providing reliable support for agricultural modernization.

Looking ahead, Quanchai will continue to deepen its focus on intelligent agricultural power solutions, optimize its product portfolio, enhance technological capabilities, and leverage international exhibition platforms to expand global market cooperation, driving the continuous innovation and value export of Chinese agricultural power technology.

About Quanchai

Quanchai is a leading Chinese manufacturer of small- and medium-power internal combustion engines, focusing on four major application fields: agricultural machinery, commercial vehicles, construction machinery, and industrial equipment, including forklifts and generator sets.

The company is committed to independent innovation, with a strong focus on product reliability and cost efficiency. Its products have been exported to more than 100 countries and regions worldwide, serving a wide range of sectors including agriculture, commercial vehicles, construction machinery, and industrial equipment.

CN Energy Subsidiary Pathenbot Signs Intelligent Cargo Sorting Services Order

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CN Energy Subsidiary Pathenbot Launches Intelligent Robotic Cargo Sorting Services

LISHUI, China, May 22, 2026 /PRNewswire/ — CN Energy Group. Inc. (NASDAQ: CNEY) (“CNEY” or the “Company”) today announced that its wholly-owned subsidiary, Pathenbot Group Inc. (“Pathenbot”), has recently signed an intelligent cargo sorting services order, marking the commercial launch of the Company’s intelligent robotic cargo sorting services in the United States.

Under the agreement, Pathenbot will provide intelligent robotic sorting services, including barcode scanning, SKU recognition, cargo classification, order consolidation, and operational data support. The initial order covers 100,000 units of cargo sorting services.

This order marks the beginning of Pathenbot’s commercial deployment of its intelligent sorting robots, representing another significant milestone in Pathenbot’s continued expansion into smart logistics and warehouse robotics services.

Currently, the Company has deployed intelligent sorting robots across the western United States. Building on this success, the Company plans to further expand its intelligent sorting robot deployment into the central and eastern United States.

Mr. Wenhua Liu, interim CEO of CNEY, stated:

“This order marks the beginning of CNEY’s intelligent robotic cargo sorting operations in the United States, and represents a landmark milestone in CNEY’s strategic rollout of intelligent robotic cargo sorting services across the country.”

About CN Energy Group. Inc.

CN Energy Group. Inc. is currently listed on NASDAQ under the symbol “CNEY.” CNEY has pioneered and specialized in producing high-quality recyclable activated carbon from raw carbon materials, converting harmful wastes into invaluable wealth and delivering significant financial, economic, environmental and ecologic benefits. CNEY’s products and services have been widely used by food and beverage producers, industrial and pharmaceutical manufacturers, as well as environmental protection enterprises. CNEY also develops and provides customizable robotics products, automation tools, and related software solutions for small and medium-sized industrial, logistics, and service businesses in North America. For more information, please visit the Company’s website at www.cneny.com.

Cautionary Note Regarding Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can generally be identified by words such as “anticipate,” “believe,” “expect,” “intend,” “may,” “plan,” “will,” “would,” and similar expressions. Forward-looking statements are based on current beliefs, expectations, and assumptions and are not guarantees of future performance.

These forward-looking statements include statements regarding the expected closing of the transaction, the expected benefits of the acquisition, and the Company’s strategic expansion plans. These statements are subject to risks and uncertainties, including those described under “Risk Factors” in the Company’s filings with the Securities and Exchange Commission, and actual results may differ materially, including if the parties do not enter into definitive agreements, required approvals are not obtained, or the Company is unable to integrate the business or realize the anticipated benefits of the transaction.

Forward-looking statements speak only as of the date hereof, and the Company undertakes no obligation to update them, except as required by law. Information on the Company’s website or social media is not incorporated by reference into this press release.

Yuchai’s Flywheel Range Extension Technology Arrives in Hong Kong SAR, Setting a New Benchmark for Green Mobility

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Advertorial Desk
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SINGAPORE, May 22, 2026 /PRNewswire/ — China Yuchai International Limited (NYSE: CYD) (“China Yuchai International” or the “Company”), one of the largest powertrain solution manufacturers through its main operating subsidiary in China, Guangxi Yuchai Machinery Company Limited (“Yuchai”), today announced that a small batch of commercial minibuses equipped with Yuchai’s YCY24-65kW Flywheel Range Extender System (YC-FRS) has been launched by Wisdom Motor in Hong Kong SAR. The system delivers an efficient and eco-friendly propulsion solution for local transport across a wide range of operational conditions, while supporting the transition to more sustainable transportation in the Guangdong-Hong Kong-Macao Greater Bay Area.

Yuchai unveiled YC-FRS as an innovative power system designed for city transportation vehicles. This system features an innovative design that seamlessly integrates the flywheel and the engine crankshaft through a rigid coaxial configuration, combining the engine and alternator into one single unit.

Powered by a dual fuel–electric replenishment mode that removes the need for fixed charging infrastructure, the YC-FRS offers virtually unlimited range. This capability makes it particularly well–suited to the heavy traffic and frequent start-stop operational road conditions of Hong Kong SAR.

With this system, the engine consistently generates power under optimal operating conditions, making it compatible with small-displacement vehicle models and enabling fuel savings of up to 50% in congested urban traffic. Additional benefits include low operating noise, regenerative braking, and priority road access reserved for new energy vehicles. The YC-FRS also addresses challenges that pure electric powertrain systems face in the Hong Kong public passenger transport market including high acquisition costs, range anxiety, limited charging infrastructure, and battery degradation.

Weng Ming Hoh, President of China Yuchai International, commented, “The successful deployment of Yuchai’s flywheel range–extension system in Hong Kong SAR marks a significant step forward in advancing next–generation, new–energy powertrain technologies and strengthening collaboration across the industrial chain to deliver sustainable powertrain solutions to domestic and global markets. Our continued R&D efforts will help drive the low–carbon transformation of urban transportation and contribute to the future development of green mobility.”

About China Yuchai International

China Yuchai International, through its principal operating subsidiary, Guangxi Yuchai Machinery Company Limited (“Yuchai”), is one of the leading powertrain solutions manufacturers in China. Founded in 1951, Yuchai maintains a reputable brand name, a strong research and development team, and a significant market share in China. Yuchai specializes in the design, manufacture, and sale of light-, medium- and heavy-duty engines for trucks, buses, pickups, construction and agricultural equipment, and marine and power generation applications. It delivers a comprehensive portfolio of powertrain solutions, spanning traditional diesel and natural gas engines to alternate fuels and new energy products, including pure electric, range extenders, hybrid, and fuel cell systems. Through an extensive network of regional sales offices and authorized customer service centers, Yuchai distributes engines directly to auto OEMs and distributors while providing after-sales services across China and globally. In 2025, Yuchai sold 461,309 engines and reported total revenue of RMB 24.6 billion. For more information, please visit http://www.cyilimited.com.

Safe Harbor Statement:

This news release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words “believe”, “expect”, “anticipate”, “project”, “targets”, “optimistic”, “confident that”, “continue to”, “predict”, “intend”, “aim”, “will” or similar expressions are intended to identify forward-looking statements. All statements other than statements of historical fact are statements that may be deemed forward-looking statements. These forward-looking statements, including, but not limited to, statements concerning China Yuchai International’s and the joint venture’s operations, financial performance and condition, are based on current expectations, beliefs and assumptions which are subject to change at any time. China Yuchai International cautions that these statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors such as government and stock exchange regulations, competition, political, economic and social conditions around the world and in China, including those discussed in the Company’s Form 20-Fs under the headings “Risk Factors”, “Results of Operations” and “Business Overview” and other reports filed with the Securities and Exchange Commission from time to time. All forward-looking statements are applicable only as of the date they are made and China Yuchai International specifically disclaims any obligation to maintain or update the forward-looking information, whether of the nature contained in this release or otherwise, in the future.

For more information:

Investor Relations
Kevin Theiss
Tel: +1-212-510-8922
Email: cyd@bluefocus.com

AppliedAI and McKinsey & Company collaborate to rapidly rewire regulated enterprise processes with AI

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Advertorial Desk
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  • The collaboration pairs McKinsey’s transformation expertise, including QuantumBlack, with Opus, AppliedAI’s Agentic Process Execution (APX) platform, to deploy governed, auditable workflows in regulated industries.
  • A joint deployment with a leading European chemicals manufacturer cut a two-week vendor onboarding process to under five minutes of active processing, with a 99 percent-plus reduction in manual effort.

ABU DHABI, UAE and NEW YORK, May 22, 2026 /PRNewswire/ — AppliedAI and McKinsey & Company announced their collaboration to help regulated enterprises rewire mid- and back-office operations with agentic AI. The partnership combines McKinsey’s end-to-end transformation capability, including the technical depth of QuantumBlack, with Opus, AppliedAI’s Agentic Process Execution platform. The collaboration focuses on regulated industries and business process operations.

McKinsey & Company and AppliedAI collaborate to rapidly rewire regulated enterprise processes with AI.
McKinsey & Company and AppliedAI collaborate to rapidly rewire regulated enterprise processes with AI.

McKinsey research shows that 62 percent of organisations are experimenting with AI agents, but only 23 percent have scaled an agentic system inside their enterprise. The constraint is no longer model capability. It is execution: the ability to translate model capability into governed, auditable, production-grade workflows that hold up under regulatory scrutiny. This collaboration is built to close that gap, compressing the path from transformation strategy to operating workflow from months to weeks.

Opus enables organisations to discover, build, run, optimise, and govern agentic workflows, with a persistent enterprise memory layer that turns each deployment into compounding institutional intelligence. The platform is model-agnostic, orchestrates work across existing enterprise systems, and is designed for business stakeholders, not only technical teams, to own and evolve the workflows that run their operations, reflecting a broader shift toward putting AI capability in the hands of the people closest to the work.

The collaboration combines McKinsey’s domain and change management expertise, and Quantum Black’s technical depth with Opus’ capabilities to help clients rapidly re-imagine and deploy agentic enterprise workflows. Under the collaboration, McKinsey leads the identification and reimagination of high-friction workflows, engaging business and technical stakeholders in new ways made possible through Opus, and embeds the governance and operating model changes required to run agentic systems at scale. AppliedAI provides the platform on which those reimagined workflows are built, deployed, and continuously improved. The combined offering is designed to accelerate time-to-value and lift the return on agentic process transformation.

“Our collaboration with AppliedAI addresses the need for an agentic solution for mid and back-office workflows. It also introduces new tools that support the enterprise AI roadmap, rapidly uncovers business requirements and re-imagines workflows that accelerate our AI efforts. This gives clients a governed, auditable path from transformation strategy to operational workflow in weeks not months,” says Ben Ellencweig, Global Lead for QuantumBlack Partnerships and Alliances, McKinsey & Company.

Demonstrated impact

In a joint deployment with a leading European chemicals manufacturer operating under stringent regulatory requirements, McKinsey and AppliedAI used Opus to transform a vendor onboarding process that had been manual, slow, and error-prone, with data fragmented across systems and progress dependent on repeated follow-ups. By automating data capture, compliance checks, and counterparty communications, the joint effort delivered:

  • A 99 percent-plus reduction in manual processing effort
  • Cycle time compressed from approximately two weeks to under five minutes of active processing
  • Materially improved data accuracy, compliance posture, and real-time process visibility

The collaboration is designed to repeat this pattern at scale across regulated industries: identify the workflows where friction is most expensive, reimagine them with the process owners who run them, and rapidly deploy governed agentic processes into production.

“Enterprises spend trillions globally on work that is necessary but procedural. We built Opus from first principles for the agentic enterprise, turning decades of process knowledge, trapped in documents, tribal memory, and legacy systems, into governed, production-ready workflows in minutes. Partnering with McKinsey is how we bring that reimagination to regulated industries at the scale they actually need, from financial services in New York and London to industrials in Frankfurt to sovereign-scale programmes in the Gulf.”

— Arya Bolurfrushan, Founder and CEO, AppliedAI

“The AI transformations are often launched with a large ambition. But ambition without execution creates frustration, not value. This collaboration delivers what our clients are asking for: a way to rewire their operations with AI that is governed, auditable, fast. It brings AI to the P&L of the organisations.“

— Abdellah Iftahy, Senior Partner, McKinsey & Company; EEMA Business Building Practice Leader, Middle East

About AppliedAI

AppliedAI is the UAE’s AI champion and a global enterprise AI company building Opus, the Agentic Process Execution (APX) platform that lets regulated enterprises discover, build, run, and optimise governed agentic workflows. Headquartered in Abu Dhabi, AppliedAI serves clients across the Americas, Europe, the Middle East, and Asia. Learn more at opus.com.

About McKinsey & Company

McKinsey is a global management consulting firm committed to helping organizations accelerate sustainable and inclusive growth. We work with clients across the private, public, and social sectors to solve complex problems and create positive change for all their stakeholders. We combine bold strategies and transformative technologies to help organizations innovate more sustainably, achieve lasting gains in performance, and build workforces that will thrive for this generation and the next. Visit www.mckinsey.com for more.

McKinsey has a financial interest linked to the performance of AppliedAI. This press release is for informational purposes only and is not – and may not be relied on in any manner as – legal, tax, or investment advice or as an offer to sell or as solicitation of an offer to buy any interest in any member of the AppliedAI corporate group.

Three Lao Nationals Among Four Arrested at Nong Khai Agarwood Site

By
Thongsavanh Souvannasane
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Three Lao nationals and one Vietnamese national detained for illegal work in Thailand’s Nong Khai Province. 20 May 2026. (Photo: Nong Khai News)

On 20 May, Thai authorities arrested three Lao nationals and one Vietnamese national for working without valid permits at an agarwood processing site in Nong Khai Province, a border province directly across from Vientiane.

According to local media, Nong Khai Immigration Police raided row houses in Khai Bok Wan subdistrict following tip-offs about illegal agarwood processing involving foreign laborers. They found the four workers sorting, processing, and packing agarwood into plastic bags for export to Laos.

The three Lao nationals, Yoth Mongkansa, Peun, and Dido Xayyalath, all aged 17,  had entered Thailand via the 1st Lao-Thai Friendship Bridge a day earlier. Vietnamese national Phan Van Hieu, 31, had crossed at the same entry point on 21 April. 

None held valid Thai work permits. The Lao workers stated they were paid THB 400 (approximately USD 12.20) per day.

Phan Van Hieu told police that the employers, identified as Vietnamese and Lao investors, had provided separate living quarters adjacent to the worksite, but were absent during the raid, having reportedly returned to Laos days earlier.

All four face charges of working without valid work permits and are being processed at Nong Khai Police Station. 

Authorities are separately pursuing the employers for knowingly hiring foreign workers without permits.

The building’s owner, identified as Somsuk, told police he had rented the property from 2 April at THB 12,000 (USD 367) per month, under the understanding the tenants would use it as a warehouse for three months.

Authorities seized a large quantity of agarwood and chemical containers, while investigations into their origin, ownership, and those responsible remain ongoing.

HKCSS “S+ Summit 2026” Navigating the Future – Tech for Good & Co-creation

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HONG KONG SAR – Media OutReach Newswire – 22 May 2026 – Amid rapid social, economic, and environmental changes, Hong Kong faces significant challenges such as demographic shifts and economic transformation, while also encountering development opportunities through technological advancements and regional integration. Collaborative efforts across all sectors are essential to build a sustainable and livable Hong Kong with innovative ideas and solutions.

The Hon Grace CHAN Man-yee, Chief Executive of HKCSS, Mr Angus ZHU, Architect, Technology Architecture Department, Tencent Sustainable Social Value Organization (SSV), Mr HO Kai Ming, JP, Under Secretary for Labour and Welfare of HKSAR, The Revd Canon Hon Peter Douglas KOON Ho-ming, SBS, JP, Chairman of HKCSS, Mr David Spriggs, Chief Executive Officer, Infoxchange, The Hon Duncan CHIU, Legislative Council Member (Technology and Innovation) of HKSAR.
The Hon Grace CHAN Man-yee, Chief Executive of HKCSS, Mr Angus ZHU, Architect, Technology Architecture Department, Tencent Sustainable Social Value Organization (SSV), Mr HO Kai Ming, JP, Under Secretary for Labour and Welfare of HKSAR, The Revd Canon Hon Peter Douglas KOON Ho-ming, SBS, JP, Chairman of HKCSS, Mr David Spriggs, Chief Executive Officer, Infoxchange, The Hon Duncan CHIU, Legislative Council Member (Technology and Innovation) of HKSAR.

The Hong Kong Council of Social Service (HKCSS) organized “S+ Summit 2026” today. Under the theme of “Tech for Good”, offering a multiple perspective towards how technological advancement is reshaping social development while examining the challenges and opportunities facing social sustainable development. Over 700 participants from technology enterprises, charitable foundations, policy research institutes, social service organizations, and social enterprises, to engage in cross-disciplinary dialogue. By fostering “Tech for Good and Co-creation”, HKCSS aspire to build a robust ecosystem, accelerating digital transformation within the social service sector to collectively address the evolving needs of sustainable social development.

The Revd Canon Hon Peter Douglas KOON Ho-ming, SBS, JP, Chairperson of HKCSS, stated: “Driven by the wave of AI and data application, we understand how digital transformation creates both opportunities and challenges to social welfare sector. The annual flagship initiative “S+ Summit” is to promote technology empowerment, resource matching for the organizations, in a way to rebuild their competitive edge, enhancing service efficiency to align with China’s 15th Five-Year Plan, forging a new path of social development.”

Mr HO Kai Ming, JP, Under Secretary for Labour and Welfare of HKSAR, stated “The SAR Government has always attached great importance to, and actively promoted, the application of innovation and technology in social welfare services. Advanced technology should not only serve as a tool for enhancing efficiency, but can also be used to address social issues and promote the public good. Let us harness the power of technology to work together in building a harmonious, stable, caring and inclusive society.”

Mr Angus ZHU, Architect, Technology Architecture Department, Tencent Sustainable Social Value Organization (SSV) and Mr David Spriggs, Chief Executive Officer, Infoxchange Australia are invited as speaker of Keynote Speech: “Tech-Driven Future: Key Dynamics for Digital Transformation in Social Service Organizations”. They shared the successful cross sector collaboration case from domestic and international market, examined how social service organizations can leverage frontier technologies like Big Data and Artificial Intelligence, mastering the key dynamics and performance metrics to accelerate digital transformation. The Hon Duncan CHIU, Legislative Council Member (Technology and Innovation) of HKSAR, moderated the panel discussion to facilitate deep exchange of insights with the two speakers.

The “S+ Summit 2026”, features symposium, roundtable and workshop sessions, explore the pivotal driving roles of AI and big data in digital transformation, service innovation, strategic philanthropy, and future skills training. A new addition this year, the “Tech Clinic Free consultation” feature professionals from Hong Kong, Chinese Mainland and Singapore, providing one‑on‑one consultation on digital strategy and transformation, and case discussion.

The successful conclusion of “S+ Summit 2026” marks a new milestone in deepening the collaboration between social welfare and technology and innovation sector. HKCSS will continue to act as a catalyst for social transformation by practicing “Tech for Good” to connect with more social resources with technical expertise, to help the sector seize technological opportunities and improve people’s well-being, working together to build a more resilient, inclusive, and sustainable society.”

Hashtag: #HKCSS

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

About ‘S+ Summit’

The “S+ Summit and Expo” is the annual initiative of the The Hong Kong Council of Social Service (HKCSS). It brings together the stakeholders from different sectors to discuss local and regional social issues under the framework of the Sustainable Development Goals (SDGs). We hope that “S+” can promote stakeholder collaboration (Synergy), create social impact (Social Impact), and promote Hong Kong’s sustainable development (Sustainability).

Yeebo Ramps Up AI Computing Expansion with Subsidiary Suanova’s TaaS Rollout at Cyberport

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Setting a New Benchmark for Domestic AI Computing Services


HONG KONG SAR – Media OutReach Newswire – 22 May 2026 – Yeebo (International Holdings) Limited (“Yeebo”; Stock Code: 00259.HK, together with its subsidiaries, the “Group”) is pleased to announce that its wholly-owned subsidiary, Suanova Technology Limited (“Suanova”), has officially established a presence at Hong Kong Cyberport (“Cyberport”) and launched its domestic Token-as-a-Service (“TaaS”) business. This milestone marks a significant strategic step in the Group’s accelerated expansion into the fast-growing AI computing services sector.

Powered by Cyberport to Build a New AI Computing Services Hub

Leveraging Cyberport’s robust technological infrastructure and vibrant innovative ecosystem, Suanova is well-positioned to fully capitalize on Hong Kong’s role as a strategic gateway and the unique advantages of the Greater Bay Area, accelerating the rapid growth of its TaaS business. As Hong Kong’s digital technology hub and AI accelerator, Cyberport is home to a thriving community of over 2,300 companies, encompassing a diverse range of technology enterprises and industrial resources. It enables Suanova to connect seamlessly across the AI value chain and engage with a wide base of potential clients, creating a highly competitive platform for scalable business growth while further expanding its reach in the AI computing services market.

One-Stop TaaS Platform Accelerates AI Commercialization

Powered by its proprietary domestic heterogeneous computing infrastructure, Suanova has built a unified, high-efficiency API service system that delivers cost-effective, locally optimized large model solutions for enterprises. Through flexible and scalable service capabilities, Suanova empowers enterprises to rapidly develop AI applications and intelligent agents, accelerating commercialization and deployment. Its cube-router.com platform transforms AI computing resources into on-demand, ready-to-use services, ushering in a new era of “TaaS”. This significantly lowers barriers to AI adoption while enabling digital and intelligent transformation at scale.

“We are pleased to see Suanova successfully establish its presence at Hong Kong Cyberport. Backed by Cyberport’s solid resource foundation, supportive government policies and resources, and extensive corporate network, Suanova is well equipped to drive strong growth. Looking ahead, we will leverage Cyberport’s infrastructure and ecosystem to accelerate commercialization and scale our business, strengthening our footprint in the Asia-Pacific computing services market,” said Mr. Chen Da-liang, CEO of Suanova.

Sharing Industry Insights at Cyberport Forum

Today, Suanova was invited to participate in Cyberport’s “Insight Exchange”「洞察交流」forum, joining the panel discussion titled “The Future of AI Chips: Why Hardware Diversity Fuels Innovation”「AI 晶片新未來：多元硬件赋能無限創新」. During the session, Mr. Gu Meng, Senior Vice President of Suanova, shared key insights and practical experience on how AI chip hardware empowers industrial innovation and engaged in discussions on emerging AI trends with industry peers. This participation further enhanced Suanova’s market visibility while strengthening collaboration with Cyberport and ecosystem partners.

Shanghai Cube Drives Computing Efficiency and Expands Industry Applications

Suanova continues to advance high-performance computing infrastructure through its flagship product, Shanghai Cube – a fully domestic, high-density computing system engineered from the ground up. By decoupling the design and manufacturing within its integrated hardware-software architecture, Shanghai Cube consolidates innovations from leading domestic technology providers into a unified, scalable platform. It features comprehensive integration and optimization of key hardware and software components, including domestic high-performance GPU chips, network switching chips, liquid cooling systems, operating systems, and orchestration platforms, delivering a best-in-class, plug-and-play solution. Notably, Shanghai Cube features a high-density architecture capable of supporting up to 128 GPU modules within a single standard cabinet, significantly surpassing the typical domestic configuration of 32 GPUs. This makes it ideally suited to space-constrained environments such as Hong Kong. With utilization rates consistently exceeding 90%, it delivers outstanding operational efficiency and cost effectiveness.

Shanghai Cube exemplifies Suanova’s end-to-end capabilities through its “Super Integration” model, offering a one-stop enterprise solution spanning cloud and compute services, private deployments, as well as AI model and application development. Beyond AI infrastructure, Shanghai Cube is expanding into broader industries, including healthcare and banking and finance services, with solutions already rolling out. Building on this momentum, Suanova considers leveraging Shanghai Cube’s platform and ecosystem strengths to drive the next phase of TaaS growth.

“Looking ahead, we are scaling decisively in AI computing to unlock the full potential of Suanova’s integrated technology and platform capabilities. As AI adoption accelerates, computing power is emerging as the key driver of the next industrial transformation. We are not just participating – we are leading. By strengthening our ecosystem, sharpening our competitive edge, and deepening strategic partnerships, we are well-positioned to seize this once-in-a-generation opportunity – establishing Yeebo and Suanova as leaders in next-generation domestic AI computing services while helping shape the future of the global digital economy,” said Mr. Fang Yan Tak, Douglas, Chairman of Yeebo.

Hashtag: #Yeebo

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

About Yeebo (International Holdings) Limited

Founded in 1988, Yeebo (International Holdings) Limited is a diversified electronic component company with a well-established presence in the global market. The Company’s core business spans flat panel displays, computing power and capacitors, serving a broad spectrum of industrial and consumer applications. Headquartered in Hong Kong, Yeebo operates its manufacturing operations primarily in the Guangdong and Jiangsu provinces, supporting a global sales network that ensures localized service and support for its international clientele.

In alignment with its long-term strategic vision, Yeebo is leveraging its robust operational foundation to expand into the Artificial Intelligence (“AI”) compute and related sectors. This initiative reflects the Company’s commitment to innovation and technological advancement, with the objective of positioning Yeebo as a leading and influential participant in the rapidly evolving AI industry across mainland China and Hong Kong.

About Suanova Technology Limited

Suanova, under Yeebo, is an innovative technology company focused on delivering independent, efficient, and accessible domestic AI computing services. Its business spans three core areas: computing power and cloud operations, computing technology development and computing industry investment. With branches in Hong Kong and Shanghai, it provides customers with better localized services. It is committed to transforming complex AI infrastructure into simple, efficient, and cost‑effective services through continuous technological innovation, with the goal of becoming a leading “infrastructure operator” in the AI era.

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