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Emaar Properties exits the JV structure for The Eighth Gate, Damascus

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Advertorial Desk
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  • A Renewed Commitment to Syria’s Future, Rooted in Decades of Trust

DUBAI, UAE, May 18, 2026 /PRNewswire/ — Emaar Properties PJSC (DFM: EMAAR), one of the world’s most valuable and admired real estate developers, today announced that it is in the process of exiting the JV structure relating to The Eighth Gate, its landmark mixed-use development in Yafour, Damascus, marking a decisive new chapter in Emaar’s long-standing relationship with Syria. It will be operating in the Country without any partner.

 

 

The Eighth Gate was conceived in 2005 as Syria’s first master-planned community — a US$500 million integrated development spanning commercial, retail, hospitality, and residential zones across 300,000 square metres in Yafour, 22 kilometres from the heart of Damascus.

This transition reflects Emaar’s enduring confidence in Syria’s economic resurgence and the transformative potential of The Eighth Gate for the country’s-built environment. By moving unaided, the Company will be able to ensure The Eighth Gate is delivered to the uncompromising standards that define Emaar developments worldwide. The project will also benefit from the same operational rigour and design philosophy that has shaped iconic destinations including Downtown Dubai, Dubai Hills Estate, and Emaar Beachfront.

Mohamed Alabbar, Founder of Emaar Properties, said: “Our decision to exit the JV structure of The Eighth Gate is a statement of our unwavering belief in Syria and its people. Emaar was built on the conviction that great cities deserve great communities — and Damascus is one of the greatest cities in the world.”

The Eighth Gate holds deep significance in the national imagination. Named in homage to Damascus’s legendary seven ancient gates, the enduring symbols of a civilisation that welcomed the world, the project aspires to be a modern eighth gateway: one that honours Syria’s extraordinary heritage while opening the country to a new era of growth, commerce, and community.

Note to Editors:

About Emaar Properties

Emaar Properties PJSC, listed on the Dubai Financial Market, is a global property developer and provider of premium lifestyles, with a significant presence in the Middle East, North Africa, and Asia. One of the world’s largest real estate companies, Emaar has a land bank of approximately 600 million sq. ft. in the UAE and key international markets.

With a proven track-record in delivery, Emaar has delivered over 129,100 residential units in Dubai and other global markets since 2002. Emaar has strong recurring revenue-generating assets with approximately 1.4 million sq. mtr. of leasing revenue-generating assets and 41 hotels and resorts with over 10,000 keys (includes owned as well as managed hotels). Today, around 28 percent of Emaar’s revenue is from its shopping malls, hospitality, leisure, entertainment, commercial leasing, and international businesses.

Burj Khalifa, a global icon, Dubai Mall, the world’s most-visited retail and lifestyle destination, and Dubai Fountain, the world’s largest performing fountain, are among Emaar’s trophy destinations.

Follow Emaar on:
Facebook: www.facebook.com/emaardubai
X: www.twitter.com/emaardubai
Instagram: www.instagram.com/emaardubai

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Bupa Hong Kong Launches “Bupa Care Bridge”, an Affordable Health Insurance Solution Designed for Cross‑border Living

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Advertorial Desk
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New medical plan combines cashless inpatient protection across Hong Kong and Mainland China with embedded outpatient and preventive care in Hong Kong


HONG KONG SAR – Media OutReach Newswire – 18 May 2026 – Bupa Hong Kong today announced the launch of Bupa Care Bridge Health Insurance Scheme, a new medical insurance solution designed to support Hong Kong residents whose lives increasingly span Hong Kong and Mainland China, and who are seeking affordable, practical health protection that covers both major medical events and everyday healthcare needs.

Bupa Hong Kong Launches Bupa Care Bridge as an Affordable Health Insurance Solution for Cross-border Living
Bupa Hong Kong Launches Bupa Care Bridge as an Affordable Health Insurance Solution for Cross-border Living

Cross‑border healthcare has become a growing reality for many Hong Kong people. In 2024 alone, Hong Kong residents made approximately 700,000 medical visits in Shenzhen, reflecting rising familiarity with receiving medical services across the border for efficiency, convenience and follow‑up care. At the same time, most continue to rely on Hong Kong for routine outpatient consultations, ongoing care and long‑term health management.

Bupa Care Bridge is designed around this reality. The scheme provides inpatient coverage across Hong Kong and Mainland China, while anchoring outpatient and preventive care in Hong Kong, where everyday healthcare is most frequently accessed. Designed with affordability in mind, the scheme offers two plan levels and flexible deductible options that allow customers to balance premium levels with the degree of protection they need, making the plan relevant to young adults, cross‑border professionals and retirees, including those managing healthcare costs over the long term.

Rather than positioning outpatient care as an optional add-on, Bupa Care Bridge embeds outpatient services within the medical plan itself, helping customers manage everyday healthcare costs more predictably while maintaining comprehensive inpatient protection.

Key features of Bupa Care Bridge include:

  • Cashless inpatient care at designated hospitals, subject to pre-authorisation, with entitlement to standard private room accommodation in Mainland China and semi-private room accommodation in Hong Kong, providing greater certainty and comfort during hospital stays.
  • Inpatient coverage across Mainland China or Greater China (Hong Kong, Macau, Mainland China and Taiwan), based on plan level, with worldwide coverage for emergency treatment to support major medical needs wherever they arise.
  • Embedded outpatient care in Hong Kong, supporting everyday healthcare needs and follow-up care outside hospital settings (only applicable to Bupa Care Bridge Health Insurance Scheme Plus Plan). Covered services include general practitioner and specialist consultations, traditional Chinese medicine, physiotherapy, and X-ray and laboratory tests.
  • Clear, predictable co‑payments for outpatient services, helping customers manage routine healthcare costs — with GP consultations from HK$40 per visit, specialist consultations from HK$60 per visit, and defined co‑payments for other outpatient services.
  • Simplified underwriting with a streamlined health questionnaire, reducing friction at enrolment.
  • Guaranteed lifetime renewal, providing long‑term certainty as healthcare needs evolve.
  • Care coordination support for cross-border hospital treatment, including assistance with arranging transportation at discharge from hospital to home in Hong Kong and Shenzhen.

The scheme also supports preventive care, offering access to health check‑ups to encourage early detection and ongoing health monitoring, helping customers take a more proactive approach to managing their health rather than reacting only when serious illness occurs.

By combining affordable everyday outpatient care in Hong Kong with cashless inpatient protection across borders, Bupa Care Bridge supports both short‑term healthcare needs and longer‑term health planning in a more connected region.

Bupa Care Bridge Health Insurance Scheme is now available for enrolment. For more information, please visit www.bupa.com.hk/en/care-bridge.

Hashtag: #保柏香港 #BupaHongKong #跨境醫療 #CrossBorderHealthcare #GreaterChina

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

Bupa – An international health insurance specialist

Established in 1947, Bupa’s purpose is helping people live longer, healthier, happier lives and making a better world. We are an international healthcare company serving over 68 million customers worldwide. With no shareholders, we reinvest profits into providing more and better healthcare for the benefit of current and future customers. Bupa has businesses around the world, principally in Australia, the UK, Spain, Poland, Chile, Hong Kong SAR, India, Türkiye, Brazil, Mexico and New Zealand. We also have associate businesses in Saudi Arabia.

Bupa has been a health insurance specialist in Hong Kong since 1976, offering one-stop solutions across domestic and international health insurance, and healthcare services. Our comprehensive medical insurance schemes are tailored to meet individual needs, and we provide health solutions for companies of all sizes. We also have a team of registered nurses, health management professionals, and doctors who provide various expert healthcare support.

Our healthcare provision arm, Quality HealthCare Medical Services (QHMS), became part of Bupa in October 2013. QHMS offers Western Medicine, Traditional Chinese Medicine, Diagnostics & Imaging, Physiotherapy, Mental Health and Wellness services via a network of over 1,650 provider service points in Hong Kong.

For more information, visit .

V-GREEN Partners With Local Authorities And Businesses In The Philippines To Advance Large-Scale EV Infrastructure

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Advertorial Desk
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MANILA, PHILIPPINES – Media OutReach Newswire – 18 May 2026 – V-GREEN, the global charging infrastructure development company, has signed Memoranda of Understanding (MOUs) with the Provincial Government of Bataan and Clean Fuel, one of the leading independent fuel companies in the Philippines, to expand EV charging and battery swapping infrastructure in high-traffic areas across the provinces of Bataan and Cavite. These initiatives support V-GREEN’s long-term goal of delivering a more convenient ownership experience for both electric car and electric two-wheeler users, helping accelerate EV adoption in the Philippines.

Representatives of V-GREEN and the Bataan Provincial Government signed a Memorandum of Understanding (MOU) to develop EV charging and battery-swapping infrastructure in the Philippines.
Representatives of V-GREEN and the Bataan Provincial Government signed a Memorandum of Understanding (MOU) to develop EV charging and battery-swapping infrastructure in the Philippines.

Under the MOU, V-GREEN and the Provincial Government of Bataan will collaborate on the planning, deployment, and operation of a province-wide EV charging network. This network will cover one city and 11 municipalities, positioning Bataan as a leading model for EV adoption in the Philippines.

Specifically, V-GREEN targets the deployment of 600 charging stations and 1,200 battery swapping stations across Bataan. The company will be responsible for the supply, installation, operation, and maintenance of the charging network, while the Provincial Government of Bataan will facilitate permits, endorse strategic locations, and coordinate with local government units.

In parallel, V-GREEN has also signed an MOU with Clean Fuel to explore the development of EV charging stations at high-traffic fuel stations in Dasmariñas, Cavite.

As one of the leading independent fuel companies in the Philippines, with a network of more than 100 stations across Luzon, Clean Fuel also shares V-GREEN’s vision of promoting greener mobility and enhancing the customer experience. The collaboration will focus on identifying suitable locations and the potential integration of EV infrastructure into Clean Fuel’s existing retail network, making charging more convenient by allowing users to charge at familiar stops along their journeys.

The new agreements lay important groundwork for VinFast’s upcoming launch of electric scooters in the Philippines, ensuring battery swapping infrastructure availability from day one. At the same time, the expanded charging network will continue enhancing convenience for existing VinFast electric car users, contributing to a more comprehensive electric mobility ecosystem in the country.

Representatives of V-GREEN and Clean Fuel signed a Memorandum of Understanding (MOU) to expand EV charging infrastructure across key high-traffic areas in the Philippines.
Representatives of V-GREEN and Clean Fuel signed a Memorandum of Understanding (MOU) to expand EV charging infrastructure across key high-traffic areas in the Philippines.

Hon. Jose Enrique S. Garcia III, Governor of Bataan, said: “This collaboration reflects our commitment to advancing sustainable mobility in our province. By working with V-GREEN, we are building the foundation for an EV ecosystem that promotes innovation, strengthens environmental responsibility, and prioritizes long-term development.”

Mr. Nguyen Anh Quynh, Global CEO of V-GREEN, said: “Expanding EV infrastructure requires both scale and accessibility. Through our partnerships with government and private sector stakeholders, we are building a charging network that supports real-world usage and makes electric mobility more practical for Filipino drivers.”

V-GREEN was founded by VinFast founder Mr. Pham Nhat Vuong, with the goal of investing in and developing charging infrastructure systems to support VinFast’s global expansion, with the Philippines identified as one of its key markets. By expanding infrastructure at both the national and local levels, V-GREEN continues to reinforce its pioneering role in making EV charging and battery swapping more accessible, widespread, and practical for Filipino consumers.

Hashtag: #V-GREEN

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

ICEX’s Audiovisual From Spain premieres three new short films at Cannes as part of its ‘Where Talent Ignites’ campaign

By
Advertorial Desk
-

Films directed by Carla Simón, Turbo (Pau López and Gerardo del Hierro), and Nicolás Méndez connect cinema, fashion, music, animation, and design

CANNES, France, May 18, 2026 /PRNewswire/ — Audiovisual From Spain, the internationalization initiative of ICEX Spain Trade and Investment, premiered three new short films at Cannes as part of the 2026 edition of the Where Talent Ignites campaign.

FLAMENCO
FLAMENCO

 

Presented on May 17 during the Cannes Film Festival, the three films expand the campaign’s international narrative by connecting Spanish audiovisual creation with fashion, music, animation, design, dance and contemporary visual culture.

The films are now available globally at: https://spainwheretalentignites.com

The three productions bring together internationally recognized Spanish talent across multiple creative disciplines:

  • Flamenco, directed by Carla Simón and starring Rocío Molina, revisits flamenco through a contemporary cinematic lens. Produced by Mamma Team, the film also features Niño de Elche, Dolores La Agujeta, Carmela Greco and Ángeles Toledano.
  • La Llama, directed by Turbo (Pau López and Gerardo del Hierro), explores Spanish creativity and design through animation. Produced by White Horse and Apartamento, the film features character design by Jaime Hayon, music by Yerai Cortés and vocals by La Tania.
  • La Tarara, directed by Nicolás Méndez and produced by CANADA, moves through the worlds of fashion and cinematic storytelling, starring Ingrid García-Jonsson, Bárbara Lennie and Lucas Catalán, with special appearances by Rossy de Palma, Eugenia Silva, Milena Smit, Arón Piper and Miguel Bernardeau.

Together, the three films reflect a cross-disciplinary vision of contemporary Spanish creativity and reinforce Spain’s growing international presence across audiovisual and creative industries.

“The international visibility of Spanish audiovisual talent is experiencing an exceptional moment,” said Elisa Carbonell, CEO of ICEX Spain Trade and Investment. “Through initiatives such as Where Talent Ignites, we want to continue strengthening Spain’s global positioning by connecting audiovisual creation with other creative industries and showcasing the diversity, innovation and international potential of Spanish talent.”

The Cannes premiere takes place during a year of strong international momentum for Spanish audiovisual creation, marked by major festival selections, awards recognition and growing global attention toward Spanish filmmakers, creators and production companies.

Following Cannes, the films will continue their international circulation as part of the 2026 Where Talent Ignites campaign and will also be presented during the Spanish Film Showcase in Mexico City, taking place from May 27 to 31 at Cinépolis cinemas, alongside additional international festival and industry screenings throughout the year.

Watch the films:
https://spainwheretalentignites.com

Press materials:
https://drive.google.com/drive/u/1/folders/1CZ5QuzNSEs9k8J41MR1UPZpbkNpsnM08

About Audiovisual From Spain – ICEX
Audiovisual From Spain is the international brand created by ICEX Spain Trade and Investment to promote Spanish audiovisual talent, content and industry capabilities at major global markets, festivals and professional events.

Media Contact
Eva Herrero – MadAvenue
eva@madavenue.es

 

LA LLAMA
LA LLAMA

 

LA TARARA
LA TARARA

 

FLAMENCO FILM FRAME
FLAMENCO FILM FRAME

 

LA LLAMA FILM FRAME
LA LLAMA FILM FRAME

 

LA TARARA FILM FRAME
LA TARARA FILM FRAME

 

 

MEXC Launches AI Strategy, Advancing Its End-to-End AI Trading Ecosystem

By
Advertorial Desk
-

VICTORIA, Seychelles, May 18, 2026 /PRNewswire/ — MEXC, a pioneer in 0-fee digital asset trading, has completed a comprehensive AI product upgrade with the official launch of the industry’s first fully free and open trading agent: AI Strategy. This marks the evolution of MEXC AI from a decision-support tool into an autonomous trading agent capable of understanding user intent and independently executing trades, creating a complete end-to-end trading workflow.

MEXC Launches AI Strategy, Advancing Its End-to-End AI Trading Ecosystem
MEXC Launches AI Strategy, Advancing Its End-to-End AI Trading Ecosystem

In traditional trading, every step, from identifying opportunities to executing trades, requires manual involvement, making the process both time-consuming and highly susceptible to emotional decision-making. MEXC AI Strategy redefines this workflow. Users simply express their ideas, while the AI handles intent analysis, strategy generation, continuous market monitoring, and automated execution. MEXC AI Strategy offers three key highlights:

Generate Complex Strategies with Natural Language

Users no longer need quantitative trading expertise or coding skills. By simply chatting with MEXC AI, they can create personalized trading strategies tailored to their own preferences. The system supports not only common technical indicators, but also complex conditional strategies across multiple platforms and data sources. For example, users can set instructions such as: “Go long when ETH breaks out of a bilateral pattern, with an 8% take-profit target,” or “Go long when Elon Musk posts on X and the token price rises.” The AI can automatically understand the intent and generate the corresponding strategy.

Real-Time Social Media Monitoring to Capture Opportunities Faster

In news-driven markets, information asymmetry often determines profit and loss. MEXC AI Strategy can monitor real-time signals from social platforms such as X, continuously tracking influential figures and market sentiment. Strategies can be triggered within seconds after relevant events occur, helping users seize market opportunities at the earliest possible moment.

24/7 Automated Market Monitoring, Free for Everyone

Powered by integration with leading AI models, MEXC AI Strategy continuously monitors and executes trades around the clock, allowing users to stay active in the market without constantly watching charts. The feature is also fully open and free to use, enabling anyone to access AI-powered automated trading with zero barriers to entry.

For detailed guides and FAQs, please visit MEXC Learn.

With this latest upgrade, the MEXC AI product ecosystem has become even more comprehensive. The platform’s Smart Chart displays AI-powered price predictions, probability-of-rise indicators, and upcoming event alerts directly beneath candlestick charts, transforming market analysis that users previously had to piece together themselves into structured, actionable insights. The AI Consultant provides personalized recommendations based on users’ actual portfolio positions, while AI Strategy converts users’ market views directly into executable strategies and automated orders. Together, the three features cover the complete trading workflow: from discovery to analysis and finally to execution.

Vugar Usi, CEO of MEXC, said:

“Zero-fee trading removed the cost barrier to trading, while MEXC AI is removing an even more critical barrier: execution. While much of the industry focuses AI capabilities on professional infrastructure, MEXC has chosen to start from the real workflows of everyday traders, truly understanding user intent and helping them execute more efficiently. The goal of MEXC AI is to ensure that every opportunity users recognize can actually be captured, delivering on our promise of “Infinite Opportunities.”

In the first quarter of 2026, MEXC AI-related features recorded approximately 140,000 daily active users, while cumulative quarterly active users surpassed 1.04 million, reflecting growing market demand for AI-powered trading assistance tools. Users can now log in through the official MEXC website or app to experience the latest MEXC AI landing page.

About MEXC

MEXC is the world’s fastest-growing cryptocurrency exchange, trusted by more than 40 million users across 170+ markets. Built on a user-first philosophy, MEXC offers industry-leading 0-fee trading and access to over 3,000 digital assets. As the Gateway to Infinite Opportunities, MEXC provides a single platform where users can easily trade cryptocurrencies alongside tokenized assets, including stocks, ETFs, commodities, and precious metals.

MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC

 

ICEX’s Audiovisual From Spain premieres three new short films at Cannes as part of its ‘Where Talent Ignites’ campaign

By
Advertorial Desk
-

Films directed by Carla Simón, Turbo (Pau López and Gerardo del Hierro), and Nicolás Méndez connect cinema, fashion, music, animation, and design

CANNES, France, May 18, 2026 /PRNewswire/ — Audiovisual From Spain, the internationalization initiative of ICEX Spain Trade and Investment, premiered three new short films at Cannes as part of the 2026 edition of the Where Talent Ignites campaign.

FLAMENCO
FLAMENCO

 

Presented on May 17 during the Cannes Film Festival, the three films expand the campaign’s international narrative by connecting Spanish audiovisual creation with fashion, music, animation, design, dance and contemporary visual culture.

The films are now available globally at: https://spainwheretalentignites.com

The three productions bring together internationally recognized Spanish talent across multiple creative disciplines:

  • Flamenco, directed by Carla Simón and starring Rocío Molina, revisits flamenco through a contemporary cinematic lens. Produced by Mamma Team, the film also features Niño de Elche, Dolores La Agujeta, Carmela Greco and Ángeles Toledano.
  • La Llama, directed by Turbo (Pau López and Gerardo del Hierro), explores Spanish creativity and design through animation. Produced by White Horse and Apartamento, the film features character design by Jaime Hayon, music by Yerai Cortés and vocals by La Tania.
  • La Tarara, directed by Nicolás Méndez and produced by CANADA, moves through the worlds of fashion and cinematic storytelling, starring Ingrid García-Jonsson, Bárbara Lennie and Lucas Catalán, with special appearances by Rossy de Palma, Eugenia Silva, Milena Smit, Arón Piper and Miguel Bernardeau.

Together, the three films reflect a cross-disciplinary vision of contemporary Spanish creativity and reinforce Spain’s growing international presence across audiovisual and creative industries.

“The international visibility of Spanish audiovisual talent is experiencing an exceptional moment,” said Elisa Carbonell, CEO of ICEX Spain Trade and Investment. “Through initiatives such as Where Talent Ignites, we want to continue strengthening Spain’s global positioning by connecting audiovisual creation with other creative industries and showcasing the diversity, innovation and international potential of Spanish talent.”

The Cannes premiere takes place during a year of strong international momentum for Spanish audiovisual creation, marked by major festival selections, awards recognition and growing global attention toward Spanish filmmakers, creators and production companies.

Following Cannes, the films will continue their international circulation as part of the 2026 Where Talent Ignites campaign and will also be presented during the Spanish Film Showcase in Mexico City, taking place from May 27 to 31 at Cinépolis cinemas, alongside additional international festival and industry screenings throughout the year.

Watch the films:
https://spainwheretalentignites.com

Press materials:
https://drive.google.com/drive/u/1/folders/1CZ5QuzNSEs9k8J41MR1UPZpbkNpsnM08

About Audiovisual From Spain – ICEX
Audiovisual From Spain is the international brand created by ICEX Spain Trade and Investment to promote Spanish audiovisual talent, content and industry capabilities at major global markets, festivals and professional events.

Media Contact
Eva Herrero – MadAvenue
eva@madavenue.es

Photo: https://laotiantimes.com/wp-content/uploads/2026/05/afs_flamenco-1.jpg
Photo: https://laotiantimes.com/wp-content/uploads/2026/05/afs_la_llama-1.jpg
Photo: https://laotiantimes.com/wp-content/uploads/2026/05/afs_la_tarara-1.jpg
Photo: https://laotiantimes.com/wp-content/uploads/2026/05/afs_flamenco_film_frame-1.jpg
Photo: https://laotiantimes.com/wp-content/uploads/2026/05/afs_la_llama_film_frame-1.jpg
Photo: https://laotiantimes.com/wp-content/uploads/2026/05/afs_la_tarara_film_frame-1.jpg
Logo:  https://laotiantimes.com/wp-content/uploads/2026/05/where_talent_ignites_logo-1.jpg

LA LLAMA
LA LLAMA

 

LA TARARA
LA TARARA

 

FLAMENCO FILM FRAME
FLAMENCO FILM FRAME

 

LA LLAMA FILM FRAME
LA LLAMA FILM FRAME

 

LA TARARA FILM FRAME
LA TARARA FILM FRAME

 

China Automotive Systems Began Volume Shipment of EPS Systems to a Global Automaker in Europe

By
Advertorial Desk
-

WUHAN, China, May 18, 2026 /PRNewswire/ — China Automotive Systems, Inc. (NASDAQ: CAAS) (“CAAS” or the “Company”), a leading power steering components and systems supplier in China, today announced that the first batch of electric power steering (“EPS”) models for a global automaker’s European division has been shipped from the CAAS’ factory. This EPS steering model will be featured in two new vehicle models in Europe, with more vehicle projects to follow. Annual sales volume is expected to reach approximately 300,000 units.

CAAS’ senior management team and key project members hosted celebration on-site to jointly witness this milestone moment. From project initiation to volume shipment during the past two years, the CAAS team leveraged their strong technical capabilities and meticulous engineering work, earning high recognition from this global automaker. Despite the strict technical and quality requirements, the CAAS team completed a total of 66 DV/PV tests, 65 of which were approved by the customer on the first attempt; the software also underwent 11 major upgrades; along with our state-of-the-art production line powered by eight modern manufacturing technologies, including seamless integration of Manufacturing Execution System (MES) with Automated Guided Vehicles (AGV), computer vision Poka-Yoke, and 100% autonomous robotic inspection.

Mr. Qizhou Wu, Chief Executive Officer of CAAS, commented, “We are proud of entering another major OEM’s supply chain as we make strides in broadening our customer base and geographic reach. We remain laser-focused on pursuing our global mission of ‘providing intelligent chassis system solutions for global automakers’. EPS products are one of our advanced steering products in an expanding product portfolio to meet the diverse needs of both passenger and commercial vehicles on a worldwide scale.”

About China Automotive Systems, Inc.

Based in Hubei Province, the People’s Republic of China, China Automotive Systems, Inc. is a leading supplier of power steering components and systems to the Chinese automotive industry, operating through its sixteen Sino-foreign joint ventures and wholly owned subsidiaries. The Company offers a full range of steering system parts for passenger automobiles and commercial vehicles. The Company currently offers four separate series of power steering with an annual production capacity of over 8 million sets of steering gears, columns and steering hoses. Its customer base is comprised of leading auto manufacturers, such as China FAW Group, Corp., Dongfeng Auto Group Co., Ltd., BYD Auto Company Limited, Beiqi Foton Motor Co., Ltd. and Chery Automobile Co., Ltd. in China, and Stellantis N.V. and Ford Motor Company in North America. For more information, please visit: http://www.caasauto.com.

Forward-Looking Statements

This press release contains statements that are “forward-looking statements” as defined under the Private Securities Litigation Reform Act of 1995. Forward-looking statements represent our estimates and assumptions only as of the date of this press release. Our actual results may differ materially from the results described in or anticipated by our forward-looking statements due to certain risks and uncertainties. As a result, the Company’s actual results could differ materially from those contained in these forward-looking statements due to a number of factors, including those described under the heading “Risk Factors” in the Company’s Annual Report on Form 20-F as filed with the Securities and Exchange Commission on April 22, 2026, and in documents subsequently filed by the Company from time to time with the Securities and Exchange Commission. Any of these factors and other factors beyond our control, could have an adverse effect on the overall business environment, cause uncertainties in the regions where we conduct business, cause our business to suffer in ways that we cannot predict, and materially and adversely impact our business, financial condition and results of operations. A prolonged disruption or any further unforeseen delay in our operations of the manufacturing, delivery and assembly process within any of our production facilities could continue to result in delays in the shipment of products to our customers, increased costs and reduced revenue. We expressly disclaim any duty to provide updates to any forward-looking statements made in this press release, whether as a result of new information, future events or otherwise.

For further information, please contact:

Jie Li
Chief Financial Officer
China Automotive Systems, Inc.
jieli@chl.com.cn 

Kevin Theiss
Awaken Advisors
+1-212-510-8922
Kevin@awakenlab.com 

Thai Officers Seize 130 Kilograms of Ivory at Mekong River Bound for Laos

By
Thongsavanh Souvannasane
-
Thai authorities seized over 150 kilograms of ivory and animal remains in Nong Khai during a wildlife smuggling operation bound for Laos. 16 May 2026. (Photo: Thailand’s Department of National Parks, Wildlife and Plant Conservation)

On 16 May, Thai authorities seized over 150 kilograms of ivory and animal remains along the Mekong River in Nong Khai, stopping a cross-border smuggling attempt into Laos’ capital Vientiane.

According to Thailand’s Department of National Parks, Wildlife and Plant Conservation, officers found abandoned sacks on the riverside containing 22 pieces of cut ivory weighing 130.9 kilograms and unidentified animal skeletal remains weighing 29 kilograms, all packed and ready for a boat crossing into Laos. 

The police couldn’t identify the suspects. 

The raid was linked to the arrest of a 50-year-old Lao woman on the same day in Loei Province. The evidence, one live monitor lizard alongside two bags each of chopped monitor lizard and suspected wild boar meat, indicates both operations share a single cross-border trafficking network.

Thai authorities promptly shared details of both incidents with Lao counterparts through a joint emergency wildlife communication channel, pushing for both sides to go after the people funding the operation.

The Nong Khai raid is part of a wider problem along the Mekong, according to Thailand’s wildlife conservation authority. Earlier in January 2026, officers in Bueng Kan Province stopped a long-tail boat coming from Laos and found 55 ivory tusks weighing 169 kilograms in plastic bags left on the riverbank. Two local men, aged 18 and 21, were arrested after being paid THB 200 (around USD 5.70) per bag to carry the goods ashore. 

Both now face charges of possessing protected wildlife products and smuggling.

Under Thai law, anyone caught handling ivory without a permit faces up to 10 years in prison, a fine of up to THB 1 million (around USD 30,600), or both.

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