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CCSC Technology International Holdings Limited Reports Financial Results for Fiscal Year Ended March 31, 2026

By
Advertorial Desk
-

HONG KONG, July 18, 2026 /PRNewswire/ — CCSC Technology International Holdings Limited (the “Company” or “CCSC”) (Nasdaq: CCTG), a Hong Kong-based company that engages in the sale, design and manufacturing of interconnect products, including connectors, cables and wire harnesses, today announced its financial results for the fiscal year ended March 31, 2026.

Mr. Kung Lok Chiu, Chief Executive Officer and Director of the Company, commented, “Fiscal year 2026 demonstrated the resilience of our business and the continued strength of our core operations. During the fiscal year, gross profit increased by 1.6% to $5.1 million, with gross profit margin improving to 29.3% from 28.3% in the prior fiscal year, supported by our continued focus on cost management and operational efficiency. We also recorded encouraging growth across selected products and markets, with revenue from connectors increasing by 5.7% and revenue from Asia increasing by 4.4%.

“During the fiscal year, we advanced several strategic initiatives designed to broaden our capabilities and strengthen our market position. We launched eNaviX, our carbon footprint and energy management system for small and medium sized enterprises, expanding our offerings into carbon management and Environmental, Social and Governance (ESG) solutions. We also commenced construction of our new European supply chain management center in Merosina, Serbia, in January 2026, which is expected to be completed and ready for operational use in December 2026 and will serve as the headquarters of our European supply chain operations.

“Looking ahead, we remain focused on enhancing our product portfolio, deepening customer relationships and improving operational flexibility as we pursue sustainable growth and long-term value for our shareholders. We believe our ongoing strategic initiatives will further strengthen our market position and support the Company’s next phase of development.”

Fiscal Year Ended March 31, 2026 Financial Highlights

  • Revenue was $17.3 million for the fiscal year ended March 31, 2026, compared to $17.6 million for the fiscal year ended March 31, 2025.
  • Gross profit increased by 1.6% to $5.1 million for the fiscal year ended March 31, 2026, from $5.0 million for the fiscal year ended March 31, 2025.
  • Gross profit margin was 29.3% for the fiscal year ended March 31, 2026, increased from 28.3% for the fiscal year ended March 31, 2025.
  • Net loss was $4.8 million for the fiscal year ended March 31, 2026, compared to $1.4 million for the fiscal year ended March 31, 2025.
  • Basic and diluted loss per share was $1.94 for the fiscal year ended March 31, 2026, compared to $1.22 for the fiscal year ended March 31, 2025.

Fiscal Year Ended March 31, 2026 Financial Results

Revenue

Total revenue was $17.3 million for the fiscal year ended March 31, 2026, which decreased by 1.9% from $17.6 million for the fiscal year ended March 31, 2025.

The following table sets forth revenue by interconnect products:

For the fiscal years ended March 31,

Change

2026

%

2025

%

Amount

%

(Amounts expressed in U.S. dollars)

Cables and wire harnesses

$

15,986,501

92.4

$

16,385,705

92.9

$

(399,204)

(2.4)

Connectors

1,316,243

7.6

1,245,784

7.1

70,459

5.7

Total

$

17,302,744

100.0

$

17,631,489

100.0

$

(328,745)

(1.9)

Revenue generated from cables and wire harnesses decreased by 2.4%, to $16.0 million for the fiscal year ended March 31, 2026, from $16.4 million for the fiscal year ended March 31, 2025. The decrease was primarily driven by lower sales volume, which was partially offset by the increase in the overall average selling prices of the Company’s cables and wire harness products.

Revenue generated from connectors increased by 5.7%, to $1.3 million for the fiscal year ended March 31, 2026, from $1.2 million for the fiscal year ended March 31, 2025. The increase was primarily attributable to the increase in the overall average selling prices of the Company’s connectors, partially offset by a decrease in sales volume.

The following table sets forth the disaggregation of revenue by regions:

For the fiscal years ended March 31,

Change

2026

%

2025

%

Amount

%

(Amounts expressed in U.S. dollars)

Europe

$

10,572,256

61.1

$

10,991,905

62.3

$

(419,649)

(3.8)

Asia

5,573,347

32.2

5,336,247

30.3

237,100

4.4

The Americas

1,157,141

6.7

1,303,337

7.4

(146,196)

(11.2)

Total

$

17,302,744

100.0

$

17,631,489

100.0

$

(328,745)

(1.9)

Revenue generated from Europe decreased by 3.8%, to $10.6 million for the fiscal year ended March 31, 2026, from $11.0 million for the fiscal year ended March 31, 2025. The decline stemmed from modest sales decreases in Denmark and Bulgaria, which were partially offset by slight revenue growth in Hungary and the Netherlands.

Revenue generated from Asia increased by 4.4%, to $5.6 million for the fiscal year ended March 31, 2026, from $5.3 million for the fiscal year ended March 31, 2025. This increase was primarily driven by a sales increase in Mainland China of $0.7 million and a sales increase in the Association of Southeast Asian Nations, or ASEAN, of $0.1 million, and was partially offset by a sales decrease in Hong Kong, China of $0.5 million.

Revenue generated from the Americas decreased by 11.2%, to $1.2 million for the fiscal year ended March 31, 2026, from $1.3 million for the fiscal year ended March 31, 2025. This decrease was primarily due to a sales decrease in North America of $0.2 million.

Cost of Revenue

Cost of revenue decreased by 3.2%, to $12.2 million for the fiscal year ended March 31, 2026, from $12.6 million for the fiscal year ended March 31, 2025, which was generally in line with the decrease in total revenue.

Inventory costs amounted to $8.5 million for the fiscal year ended March 31, 2026, compared to $8.6 million for the fiscal year ended March 31, 2025. The decrease in the Company’s inventory costs was primarily due to an 11.9% decrease in the total sales volume from approximately 31.3 million units in the fiscal year ended March 31, 2025 to approximately 27.6 million units in the fiscal year ended March 31, 2026.

Labor costs amounted to $2.8 million for the fiscal year ended March 31, 2026, compared to $3.1 million for the fiscal year ended March 31, 2025. The decrease in labor costs was mainly attributable to lower production volumes driven by decreased sales and the Company’s efforts to reduce labor costs.

Gross Profit and Gross Margin

Gross profit increased by 1.6%, to $5.1 million for the fiscal year ended March 31, 2026, from $5.0 million for the fiscal year ended March 31, 2025.

Gross profit margin increased by 1.0%, to 29.3% for the fiscal year ended March 31, 2026, from 28.3% for the fiscal year ended March 31, 2025, primarily due to a reduction in fixed costs per unit as a result of the Company’s efforts in reducing labor costs.

Operating Expenses

Operating expenses increased by 22.6%, to $8.5 million for the fiscal year ended March 31, 2026, from $7.0 million for the fiscal year ended March 31, 2025. The expense increase was primarily due to the increase in selling expenses of $0.5 million, the increase in general and administrative expenses of $0.01 million, and the increase in research and development expenses of $1.1 million.

Net Loss

Net loss increased by 240.7%, to $4.8 million for the fiscal year ended March 31, 2026, from $1.4 million for the fiscal year ended March 31, 2025.

Basic and Diluted Loss per Share

Basic and diluted loss per share was $1.94 for the fiscal year ended March 31, 2026, compared to $1.22 for the fiscal year ended March 31, 2025.

Financial Condition

As of March 31, 2026, the Company had cash of $4.1 million, compared to $3.7 million as of March 31, 2025.

Net cash used in operating activities in the fiscal year ended March 31, 2026 was $4.5 million, compared to $1.0 million in the fiscal year ended March 31, 2025.

Net cash used in investing activities in the fiscal year ended March 31, 2026 was $1.4 million, compared to $0.9 million in the fiscal year ended March 31, 2025.

Net cash provided by financing activities in the fiscal year ended March 31, 2026 was $6.3 million, compared to net cash used in financing activities of $0.05 million in the fiscal year ended March 31, 2025.

About CCSC Technology International Holdings Limited

CCSC Technology International Holdings Limited is a Hong Kong-based company that engages in the sale, design and manufacturing of interconnect products. The Company specializes in customized interconnect products, including connectors, cables and wire harnesses that are used for a range of applications in a diversified set of industries, including industrial, automotive, robotics, medical equipment, computer, network and telecommunication, and consumer products. The Company produces interconnect products under both Original Equipment Manufacturer (OEM) and Original Design Manufacturer (ODM) models for manufacturing companies that produce end products, as well as electronic manufacturing services companies that procure and assemble products on behalf of such manufacturing companies. The Company has a diversified global customer base located in more than 25 countries throughout Asia, Europe and the Americas. For more information, please visit the Company’s website: http://ir.ccsc-interconnect.com.

Forward-Looking Statements

Certain statements in this press release are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these statements by the use of words such as “may,” “will,” “could,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “propose,” “potential,” “continue,” or other similar expressions in this press release. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results. Factors that could cause actual results to differ materially include, without limitation, risks and uncertainties described in the Company’s Annual Report on Form 20-F for the fiscal year ended March 31, 2026, filed with the United States Securities and Exchange Commission on July 17, 2026, and in the Company’s other filings with the United States Securities and Exchange Commission. Investors are encouraged to review the Annual Report on Form 20-F in its entirety for a more complete discussion of the risks and uncertainties that could cause actual results to differ materially from those expressed or implied by these forward-looking statements.

For more information, please contact:

CCSC Technology International Holdings Limited
Investor Relations Department
Email: ir@ccsc-interconnect.com

Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email: investors@ascent-ir.com

 

CCSC TECHNOLOGY INTERNATIONAL HOLDINGS LIMITED

CONSOLIDATED BALANCE SHEETS

(Amount in U.S. dollars, except for number of shares)

As of March 31,

2026

2025

Assets

Current assets:

 Cash

$

4,093,878

$

3,685,043

Restricted cash

10,227

9,413

Accounts receivable

2,831,064

2,495,301

Inventories

2,301,216

1,761,880

Prepaid expenses and other current assets

1,669,571

1,066,032

Total current assets

10,905,956

9,017,669

Non-current assets:

Property, plant and equipment, net

1,980,764

853,959

Intangible assets, net

67,537

83,906

Operating lease right-of-use assets, net

868,418

1,106,024

Finance lease right-of-use assets, net

146,732

194,478

Deferred tax assets, net

19,308

558,683

Other non-current assets, net

4,302,029

3,510,363

Total non-current assets

7,384,788

6,307,413

TOTAL ASSETS

$

18,290,744

$

15,325,082

Liabilities and Shareholders’ Equity

Current liabilities:

Accounts payable

$

2,781,034

$

1,819,647

Advance from customers

317,751

141,737

Accrued expenses and other current liabilities

1,472,141

1,345,210

Taxes payable

30,651

21,916

Operating lease liabilities, current

573,650

473,116

Finance lease liabilities, current

38,816

36,277

Total current liabilities

5,214,043

3,837,903

Non-current liabilities:

Operating lease liabilities, non-current

296,436

633,249

Finance lease liabilities, non-current

88,723

127,834

Total non-current liabilities

385,159

761,083

TOTAL LIABILITIES

$

5,599,202

$

4,598,986

Commitments and Contingencies (Note 16)

—

—

Shareholders’ equity

Class A ordinary shares, par value of US$0.005 per share; 49,500,000 shares
     authorized; 3,413,520 and 658,125 shares issued and outstanding as of March 31,
     2026 and 2025, respectively*

$

17,068

$

3,291

Class B ordinary shares, par value of US$0.005 per share; 500,000 shares authorized;
     500,000 shares issued and outstanding as of March 31, 2026 and 2025, respectively*

2,500

2,500

Additional paid-in capital

11,182,908

4,855,795

Statutory reserve

813,235

813,235

Retained earnings

2,275,757

7,081,318

Accumulated other comprehensive loss

(1,599,926)

(2,030,043)

Total Shareholders’ Equity

12,691,542

10,726,096

TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY

$

18,290,744

$

15,325,082

*

 

Retrospectively restated for effect of the share consolidation completed in January 2026.

 

 

CCSC TECHNOLOGY INTERNATIONAL HOLDINGS LIMITED

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

(Amount in U.S. dollars, except for number of shares)

For the years ended March 31,

2026

2025

2024

Net revenue

$

17,302,744

$

17,631,489

$

14,748,551

Cost of revenue

(12,238,334)

(12,647,287)

(10,825,943)

Gross profit

5,064,410

4,984,202

3,922,608

Operating expenses:

Selling expenses

(2,216,650)

(1,695,217)

(1,039,882)

General and administrative expenses

(4,606,701)

(4,601,637)

(4,134,394)

Research and development expenses

(1,699,630)

(654,039)

(594,521)

Total operating expenses

(8,522,981)

(6,950,893)

(5,768,797)

Loss from operations

(3,458,571)

(1,966,691)

(1,846,189)

Other (loss)/ income:

Foreign currency exchange (loss)/income, net

(419,431)

67,395

425,308

Financial and interest (loss)/income, net

(21,962)

10,538

67,636

Government subsidy

–

207,257

7,255

Other non-operating income/(expenses), net

55,968

534

(35,509)

Total other (loss)/ income

(385,425)

285,724

464,690

Loss before income tax expense

(3,843,996)

(1,680,967)

(1,381,499)

Income tax (expenses)/benefit

(961,565)

270,502

86,336

Net loss

(4,805,561)

(1,410,465)

(1,295,163)

Other comprehensive income /(loss)

Foreign currency translation adjustment

430,117

(161,106)

(523,250)

Total comprehensive loss

$

(4,375,444)

$

(1,571,571)

$

(1,818,413)

Loss per share

Basic and Diluted*

$

(1.94)

$

(1.22)

$

(1.26)

Weighted average number of ordinary shares

Basic and Diluted*

2,480,584

1,158,125

1,028,852

*

 

Retrospectively restated for effect of the share consolidation completed in January 2026. The EPS amounts pertain 
to each class of common stock are the same.

 

 

CCSC TECHNOLOGY INTERNATIONAL HOLDINGS LIMITED

CONSOLIDATED STATEMENTS OF CASH FLOWS

(Amount in U.S. dollars, except for number of shares)

For the years ended March 31,

2026

2025

2024

CASH FLOWS FROM OPERATING ACTIVITIES:

Net loss

$

(4,805,561)

$

(1,410,465)

$

(1,295,163)

Adjustments to reconcile net loss to net cash used in operating activities:

Inventory write-downs

68,783

128,241

188,268

Depreciation and amortization

216,722

238,599

238,757

Amortization of right-of-use assets

588,969

519,426

509,086

Loss from disposal of property, plant and equipment

7,802

10,889

2,188

Deferred tax expense/(benefit)

545,390

(270,502)

(249,892)

Foreign currency exchange losses/(gains)

360,960

(56,479)

(227,691)

Changes in operating assets and liabilities:

Accounts receivable

(330,965)

267,028

(500,747)

Inventories

(543,130)

130,289

(101,220)

Prepaid expenses and other current assets

(542,610)

412,124

(704,610)

Other non-current assets

(63,336)

257,086

(77,220)

Accounts payable

870,609

(359,764)

563,226

Advance from customers

177,602

(66,537)

22,060

Taxes payable

7,096

(2,971)

(340,992)

Accrued expenses and other current liabilities

(535,246)

(234,550)

(64,258)

Operating lease liabilities

(540,332)

(534,472)

(490,319)

Financing lease liabilities

9,272

3,250

24

Net cash used in operating activities

(4,507,975)

(968,808)

(2,528,503)

CASH FLOWS FROM INVESTING ACTIVITIES

Purchase of property, plant and equipment

(859,118)

(327,801)

(156,999)

Prepayment of equipment and mold model

–

–

(3,639,312)

Proceed from disposal of property, plant and equipment

4,118

943

–

Purchase of land

–

(519,895)

–

Purchase of intangible asset

(568,864)

(43,737)

(29,476)

Net cash used in investing activities

(1,423,864)

(890,490)

(3,825,787)

CASH FLOWS FORM FINANCING ACTIVITIES

Repayments of long-term bank loans

–

–

(39,853)

Proceeds from issuance of ordinary shares, net of issuance cost

6,340,890

–

4,665,444

Capital contribution by shareholder

–

–

5,000

Payment made for principal portion of financing lease liabilities

(45,580)

(49,345)

(4,322)

Net cash provided by/(used in) financing activities

6,295,310

(49,345)

4,626,269

Effect of exchange rate changes on cash and restricted cash

46,178

(131,648)

(254,847)

Net change in cash and restricted cash

409,649

(2,040,291)

(1,982,868)

Cash and restricted cash, beginning of the year

3,694,456

5,734,747

7,717,615

Cash and restricted cash, end of the year

$

4,104,105

$

3,694,456

$

5,734,747

SUPPLEMENTAL DISCLOSURE OF CASH FLOW
     INFORMATION:

Cash paid for income tax

$

(1,740)

$

–

$

(859,882)

Cash received from income tax refund

$

40,004

$

246,771

$

–

Cash paid for interest

$

(8,771)

$

–

$

(228)

Cash paid for operating lease

$

(581,553)

$

(571,159)

$

(575,014)

Cash paid for finance lease

$

(45,580)

$

(49,345)

$

(4,322)

Supplemental disclosure of non-cash information:

Right-of-use assets obtained in exchange for operating lease liabilities

$

268,971

$

192,311

$

137,617

Purchase of intangible assets included in accrued expenses and other
     liabilities

$

(5,069)

$

(43,103)

$

–

Purchase of equipment and molds included in accrued expenses and other
     liabilities

$

(626,300)

$

(11,418)

$

–

Cashless exercise of warrants

$

7,894

$

–

$

–

 

 

e& Successfully Completes Sale of Vodafone Stake, Realizing Cash Proceeds of USD 5.95 Billion

By
Advertorial Desk
-

ABU DHABI, UAE, July 18, 2026 /PRNewswire/ — Further to Emirates Telecommunications Group Company PJSC (“e&”) announcement on 10th July 2026 related to signing a binding agreement with Vega, an acquisition vehicle wholly owned by the Niel family group, for the sale of e&’s entire holding in Vodafone Group PLC (“Vodafone”); e& today announced the successful completion of the transfer of its 3,944,743,685 ordinary shares in Vodafone to BNPP Financial Markets, Crédit Agricole Corporate and Investment Bank, and Société Générale.

e& Successfully Completes Sale of Vodafone Stake, Realizing Cash Proceeds of USD 5.95 Billion
e& Successfully Completes Sale of Vodafone Stake, Realizing Cash Proceeds of USD 5.95 Billion

The successful completion of the transfer has generated gross cash proceeds to e& of AED 21.5 billion (USD 5.84 billion), representing c. 110.5 GBX per share. The remaining consideration of 2.02 GBX dividend per share (equivalent to AED 0.4 billion / USD 0.11 billion), related to the FY’26 final dividend, is to be received on 30 July 2026.  This will bring the total consideration to AED 21.9 billion (equivalent of USD 5.95 billion), generating a net cash return of AED 4.8 billion (USD 1.3 billion). This transaction reflects the natural evolution of the e&’s strategic priorities, enabling the Group to sharpen its strategic focus on its core businesses while unlocking the value created through its investments.

Contact:  
Nancy Sudheer
+971 50 705 5290 

 

Farizon Opens Global Spare Part Distribution Center to Strengthen International Aftersales Support

By
Advertorial Desk
-

New facility will improve parts availability, supply-chain efficiency and service responsiveness across Farizon’s international markets

HANGZHOU, China, July 18, 2026 /PRNewswire/ — Farizon New Energy Commercial Vehicle Group has opened its Global Spare Part Distribution Center, expanding the company’s international aftersales infrastructure and strengthening support for customers and distribution partners worldwide. The opening was attended by representatives from Farizon’s international business, supply-chain and operational teams, together with executives from Geely Auto Group’s logistics, delivery and spare parts operations.


The new center will coordinate spare parts resources across Farizon’s international operations, helping improve inventory management, shorten delivery lead times and increase the reliability of parts supply. It will also support faster responses to local market requirements as Farizon continues to expand its presence in overseas commercial vehicle markets.

Under “One Geely” global strategy, the center also draws on logistics, warehousing and supply-chain capabilities available across Geely’s wider automotive operations. This collaboration between passenger vehicle and commercial vehicle businesses is designed to improve resource efficiency, operational standards and coordination across the international service network.

Reliable spare parts availability is particularly important for commercial vehicle operators, where vehicle uptime directly affects business productivity and operating costs. By enhancing its global parts distribution capabilities, Farizon aims to provide customers with more consistent support throughout the vehicle lifecycle.

“The launch of the Global Spare Part Distribution Center represents an important step in strengthening our international customer support capabilities,” said Cook Xue, CEO of Farizon Auto International. “As our global business grows, we are continuing to invest in the infrastructure required to provide dependable, responsive and locally relevant aftersales services.” Farizon plans to continue developing its global service network in line with the needs of fleet customers, distributors and service partners. The company’s objective is to improve vehicle uptime, enhance the ownership experience and provide scalable aftersales support as its international operations expand.

CGTN: China vows to make AI a driver for shared prosperity amid widening AI divide

By
Advertorial Desk
-

SHANGHAI, July 18, 2026 /PRNewswire/ — As Pakistan enters its annual monsoon season, accurate forecasts are crucial to protecting lives and livelihoods. Powered by artificial intelligence, China’s MAZU meteorological system is helping Pakistan detect early warning signs and issue faster alerts for potential extreme weather events.

“Using this platform, we can make more accurate predictions of floods, droughts and other extreme weather events,” said Furrukh Bashir, head of the Research and Development Department at the Pakistan Meteorological Department. “We look forward to seeing more products like this that can benefit people around the world.”

Deployed in multiple countries, the system shows how AI can help address global challenges. Through open-source models, technology cooperation and international initiatives, China is working to make AI more accessible and ensure its benefits reach more people worldwide.

At the opening ceremony of the 2026 World Artificial Intelligence Conference and High-Level Meeting on Global AI Governance in Shanghai on Friday, Chinese President Xi Jinping called on countries to uphold a people-centered approach and work together to build a fair and inclusive global AI governance system.

“China, as a responsible major country, is always committed to providing international public goods relating to AI,” Xi said.

Making AI a shared opportunity through openness

At the conference, Xi announced a series of measures to support global AI development, including helping 30 countries utilize the MAZU meteorological system, providing 5,000 AI training opportunities for developing countries over the next five years, and establishing international AI application cooperation centers with ASEAN, the League of Arab States, the African Union, the Community of Latin American and Caribbean States, the Shanghai Cooperation Organization and BRICS.

China has also embraced open-source development to promote more inclusive global AI growth.

Chinese models such as DeepSeek and Alibaba’s Qwen have gained global attention for their high efficiency, affordability and openness, enabling developers and businesses to adapt AI technologies at lower costs. Official data shows that China’s open-source AI models have recently surpassed 10 billion cumulative downloads worldwide.

In Africa, for example, DeepSeek’s open-source approach allows developers to freely download and fine-tune AI systems, helping strengthen local digital capabilities and foster homegrown innovation across the continent.

The approach has also significantly lowered costs. With pricing of just $0.27 per million input tokens and $1.10 per million output tokens, DeepSeek has reduced the entry barriers by more than 90% compared with some mainstream Western AI models, enabling more African users and businesses to participate in the digital transformation.

“China, as a developing country, understands the aspirations of many Global South countries for economic development and technological progress,” said Zhang Weiwei, deputy director of the Institute for World Peace and Security Studies at the China Institute of International Studies.

Zhang said that China’s open-source AI models enable countries to develop applications faster and at lower costs, allowing more developing nations to benefit from technological advancement.

Promoting global cooperation to bridge the AI divide

With AI technologies’ rapid development, global AI divide is widening. The World Bank’s Digital Progress and Trends Report 2025 highlighted significant gaps between high-income and middle- and low-income countries in AI systems and computing capacity. Meanwhile, global data center resources remain highly concentrated in developed economies, with Africa accounting for less than 1% of global capacity.

To address these widening gaps, Xi called on countries to help developing nations enhance AI capabilities, bridge the digital divide and build a globally accepted governance framework to ensure that emerging technologies benefit humanity as a whole.

China has long advocated for a fair and inclusive global AI governance system. In 2023, it proposed the Global AI Governance Initiative, followed by the AI Capacity-Building Action Plan for Good and for All in 2024 and the AI+ International Cooperation Initiative in 2025. These efforts aim to promote responsible AI development and help bridge the digital divide.

China has also worked to create platforms for international cooperation. It launched the Center for Global AI Innovative Governance (CGAIG) and the Group of Friends for International Cooperation on AI Capacity Building, bringing together countries to strengthen dialogue, share knowledge and enhance capacity building.

The signing of the agreement establishing the World Artificial Intelligence Cooperation Organization in Shanghai on Thursday marked another step toward advancing global AI cooperation and promoting the safe, equitable and beneficial development of artificial intelligence.

From open-source models and AI training programs to global governance initiatives, China is working to make artificial intelligence a shared driver of innovation and development, ensuring that the benefits of this transformative technology, once enjoyed by only a few, reach more countries and communities.

https://news.cgtn.com/news/2026-07-17/China-vows-to-make-AI-a-driver-for-shared-prosperity-amid-AI-gap-1OQR3INoGdy/p.html

 

AIP Capital and Monroe Capital Announce Closing of Inaugural $643 Million Aircraft Asset-Backed Securitization

By
Advertorial Desk
-

DUBLIN and STAMFORD, Conn. and NEW YORK, July 18, 2026 /PRNewswire/ — AIP Capital (“AIP”), an alternative investment manager focused on opportunities in asset-based finance and Monroe Capital LLC (“Monroe”), a premier asset management firm specializing in private credit markets and asset-based finance, recently closed an inaugural aircraft asset-backed securitization (ABS) financing, MC Aviation 2026-1 (MCAV 2026-1) as part of AIP and Monroe’s aircraft leasing joint venture.

“We are pleased by the strong investor interest in this transaction, which we believe speaks to confidence in AIP’s expertise and capabilities in the aircraft leasing sector and our strategic partnership with Monroe Capital,” said Jared Ailstock, Managing Partner of AIP. “The transaction is foundational to the investment program we’ve developed with Monroe and look forward to becoming a long-term programmatic issuer in the aircraft ABS market.”

“The successful closing of MCAV 2026-1 marks an important milestone for Monroe’s Alternative Credit Solutions platform and reflects the strength of our asset-backed finance capabilities. We are grateful for the support of our investors and financing partners and look forward to continuing to build upon the foundation established through this transaction,” said Aaron Peck, Managing Director & Co-Head of Alternative Credit Solutions at Monroe.

“This transaction reflects the quality of the portfolio assembled through our partnership with AIP and our disciplined approach to aviation investing,” said Aaron Levy, Managing Director, Alternative Credit Solutions at Monroe. “We believe commercial aviation continues to offer compelling investment opportunities supported by strong asset fundamentals, favorable supply-demand dynamics, and the continued growth of global air travel. The successful execution of this inaugural securitization highlights the strength of the platform.”

MCAV 2026-1 totals $643 million of asset-backed debt and will be used to finance a diversified portfolio of 18 commercial passenger aircraft on operating leases with 12 different lessees across 10 different jurisdictions. The aircraft in the portfolio have a weighted average age of 5.6 years and a remaining lease term of approximately 6.9 years. 71% of the portfolio is comprised of next-generation aircraft and 81% narrowbody aircraft, with only one widebody aircraft in the portfolio which is next-generation aircraft under one year old.

MCAV 2026-1 comprises three tranches: $547.0 million of Class A notes with a fixed coupon of 5.82% yielding 5.896%, $66.5 million of Class B notes with a fixed coupon of 6.60% yielding 6.696% and $29.6 million Class C notes which were retained by the issuer. The Class A notes to be issued have an initial loan-to-maintenance adjusted base value (LTV) of 74%, the Class B notes to be issued have an initial LTV of 83%, and the Class C notes to be issued have an initial LTV of 87%.

The Class A notes will be rated A, the Class B notes will be rated BBB and the Class C notes will be rated BB by DBRS Morningstar and Kroll Bond Rating Agency. Additionally, the Class A notes will be rated A2 by Moody’s Investors Service.

AIP Capital will act as servicer for the transaction. Deutsche Bank Securities, BNP Paribas and Fifth Third Securities will act as Co-Structuring Agents and Joint Lead Bookrunners, Citigroup as Joint Lead Bookrunner, Natixis and BMO Capital markets as bookrunners and KeyBanc Capital Markets as Co-Manager. Natixis acted as liquidity facility provider and UMB Bank, N.A. as trustee, security trustee and operating bank. Pivotal Corporate AMS Limited is the managing agent. Milbank LLP and Walkers (Cayman) LLP and Walkers (Ireland) LLP provided legal counsel to MC Aviation. Gibson Dunn acted as counsel to the bookrunners.

The Notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or the securities laws of any jurisdiction and may be offered or sold only in a transaction exempt from, or not subject to, the registration requirements of the Securities Act. The Notes were offered and sold only to qualified institutional buyers in reliance on Rule 144A under the Securities Act and outside the United States to non-U.S. persons in offshore transactions in reliance on Regulation S under the Securities Act.

This press release does not constitute an offer to sell or the solicitation of an offer to buy the Notes, nor shall there by any sale of the Notes in any state or other jurisdictions in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities law of any such state or jurisdiction.

Forward Looking Statements

This press release may contain forward-looking statements that involve substantial risks and uncertainties. You can identify these statements by the use of forward-looking terminology such as “may,” “will,” “should,” “expect,” “anticipate,” “project,” “estimate,” “intend,” “continue” or “believe” or the negatives thereof or other variations thereon or comparable terminology. You should read statements that contain these words carefully because they discuss our plans, strategies, prospects and expectations concerning our business, operating results, financial condition and other similar matters. We believe that it is important to communicate our future expectations to our investors. There may be events in the future, however, that we are not able to predict accurately or control. Any forward-looking statement made by us in this press release speaks only as of the date on which we make it. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

About AIP Capital
AIP Capital (AIP) is a global alternative investment manager focused on opportunities in asset-based finance including aviation and equipment finance. AIP, together with its affiliates, manages approximately $7.1 billion of assets on behalf of a diversified global investor base. The AIP team is comprised of more than 70 experienced professionals across AIP’s offices in Stamford, New York City, Dublin, and Singapore.

For more information about AIP Capital or to speak with company executives, please contact investor.relations@aipcapital.com.

About Monroe Capital
Monroe Capital LLC (“Monroe”) is a premier asset management firm specializing in private credit markets across various strategies, including direct lending, technology finance, venture debt, alternative credit solutions, structured credit, real estate and equity. Since 2004, the firm has been successfully providing capital solutions to clients in the U.S. and Canada. Monroe prides itself on being a value-added and user-friendly partner to business owners, management, and both private equity and independent sponsors. Monroe’s platform offers a wide variety of investment products for both institutional and high net worth investors with a focus on generating high quality “alpha” returns irrespective of business or economic cycles. The firm is headquartered in Chicago and has 13 locations throughout the United States, Asia, Australia, Europe, and Middle East.

Monroe has been recognized by both its peers and investors with various awards including GrowthCap Advisory’s 2025 Top Private Credit Firm List; Inc.’s 2025 Founder-Friendly Investors List; DealCatalyst as the 2025 Most Innovative Private Credit CLO Manager and Boutique Private Credit CLO Manager of the Year; Private Debt Investor as the 2025 CLO Manager of the Year, Americas; Global M&A Network as the 2025 Lower Mid-Markets Lender of the Year, U.S.A; Korean Economic Daily as the 2025 Best Asset Manager of the Year, Private Debt Mid-Cap; Creditflux as the 2021 Best U.S. Direct Lending Fund; and Pension Bridge as the 2020 Private Credit Strategy of the Year. For more information and important disclaimers, please visit www.monroecap.com.

Media Contacts

AIP Capital
Geoffrey Bayers
investor.relations@aipcapital.com

 

INTRODUCING THE BREMONT SUPERNOVA HAWKING LIMITED EDITION

By
Advertorial Desk
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HENLEY-ON-THAMES, England, July 17, 2026 /PRNewswire/ — Bremont is proud to announce the launch of the Supernova Hawking, the second collaboration by Bremont created in celebration of the life and work of Professor Stephen Hawking, and the first Wayfinder Hawking design within the brand’s contemporary, space-inspired Supernova collection.

The Bremont Supernova Hawking Chronograph
The Bremont Supernova Hawking Chronograph

Originally created in 2020, Bremont’s first Stephen Hawking limited edition collection became one of the brand’s most iconic and celebrated historic sets of limited-edition models —an enduring tribute to one of the greatest scientific minds of our time. As Bremont embarks on a bold new chapter with the launch of the Supernova collection, it felt both natural and timely to revisit its partnership with the Hawking family, whose legacy continues to inspire curiosity, discovery and a deeper understanding of the universe.

Tim Hawking, Professor Hawking’s son, said: “This magnificent timepiece is a fitting celebration of my father and his work. He spent a huge part of his scientific and literary career exploring the mysteries of black holes and their role in shaping our understanding of the universe. His fascination with discovery and exploration led him to tackle some of science’s biggest questions, challenging long-held assumptions about space, time and the nature of black holes themselves. His groundbreaking ideas opened up entirely new ways of thinking about the cosmos and continue to inspire scientists and explorers around the world today.”

Space has always represented the ultimate expression of human ambition—where knowledge is tested against the unknown. For decades, Professor Stephen Hawking expanded those boundaries, redefining our understanding of black holes and revealing that even the darkest phenomena in the universe are not silent, but alive with energy and complexity.

His pioneering work spanning cosmology, space and time – is most closely associated with his groundbreaking research into black holes. Through his theory of ‘Hawking radiation’, he demonstrated that black holes are dynamic systems that emit energy, possess temperature and evolve over time. This profound insight transformed modern physics as we know it today.

The spirit of limitless exploration is deeply aligned with Bremont. Built on engineering resilience, precision and endurance, the brand has long created tool watches for those who push beyond boundaries—from the depths of the ocean to the edge of space. The Supernova Hawking continues that legacy: a watch informed by discovery, designed with purpose and built to endure in the most demanding environments.

Davide Cerrato, Bremont CEO comments: “Stephen Hawking reshaped our understanding of the universe, bringing the mysteries of space, time and of black holes into sharp focus. We are once again honoured to commemorate his life and achievements with an iconic timepiece – a contemporary tribute that reflects the ongoing influence of his work. Inspired by his pioneering insights into the

behaviour of black holes, this creation embodies both their complexity and their quiet power. More than a measure of time, it is a tribute to human curiosity and the enduring pursuit of knowledge.”

THE SUPERNOVA HAWKING

First introduced in April 2026, the Supernova collection represents a significant evolution in Bremont’s product design and engineering. Positioned at the pinnacle of the brand’s collection architecture, the line is defined by its futuristic aesthetic, advanced materials and uncompromising construction, inspired by the forms and structures of modern space technology.

At its core sits the Supernova Chronograph—a contemporary integrated bracelet sports watch crafted from 904L stainless steel. With its angular geometry, architectural case design and emphasis on technical execution, the collection draws inspiration from spacecraft, space stations and the engineering challenges of space exploration.

The Supernova Hawking extends this design language into a deeply symbolic tribute. Crafted in 41mm ultra black DLC-treated 904L steel, the watch features a striking, multi-layered construction and a highly technical, geometric aesthetic informed by both space engineering and Hawking’s work on black holes.

Its intricate dial design takes cues from spacecraft solar arrays, featuring an interlocking, galvanic black grid design with triangular pathways drawing the eye inward. Meteorite sub-dials at 3 and 9 o’clock reinforce its connection to deep space, while at 6 o’clock, Stephen Hawking’s name appears alongside his black hole temperature equation a tribute to Hawking’s pioneering exploration of one of the universe’s greatest mysteries. Triangular applied indexes filled with white Super-LumiNova® (blue emission) and rhomboidal black gold hands ensure exceptional legibility, while maintaining the bold, geometric design language.

The design is further distinguished by a multi-faceted decahedral black ceramic bezel, angular case architecture and a complex sandwich-style construction that echoes Bremont’s signature Trip-Tick case design. Faceted ultra black tones and layered surfaces evoke the depth and mystery of black holes, reinforcing the watch’s conceptual foundation. Powering the watch is the chronometer-rated BC77 movement, offering refined finishing and a 62-hour power reserve.

Turning the watch over reveals a striking exhibition case back, featuring a swirling black hole motif through which the decorated rotor and movement can be viewed—an artistic interpretation of the very phenomena that inspired it.

The Supernova Hawking is available on either an integrated ultra black DLC 904L stainless steel bracelet or a black rubber strap, both equipped with quick-release mechanisms for seamless interchangeability. The integrated design creates a fluid transition from case to bracelet, reinforcing the watch’s streamlined, modern aesthetic.

A tribute to one of the most influential theoretical physicists in history, the Bremont Supernova Hawking is both a celebration of scientific discovery and a continuation of the brand’s pursuit of precision, endurance and exploration – honouring a legacy that forever changed how we understand the universe.

To download the press release and imagery please click here: https://portal.bremont.com/assetbank-bremont/action/viewHome?group=supernovahawking

Password: BlackHoles

 

 

Model wearing the Bremont Supernova Chronograph looking at an image of Stephen Hawking.
Model wearing the Bremont Supernova Chronograph looking at an image of Stephen Hawking.

Tec-Do Launches Navos 2.0 at WAIC, Advancing the Next Era of Agentic Commerce

By
Advertorial Desk
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SHANGHAI, July 17, 2026 /PRNewswire/ — Tec-Do, a global AI marketing technology company, today unveiled Navos 2.0 at the 2026 World Artificial Intelligence Conference (WAIC), introducing a next-generation AI agent designed to help enterprises accelerate international growth through coordinated multi-agent intelligence.


Building on the launch of Navos 1.0 at WAIC last year, Navos 2.0 represents a major leap forward. The product consolidates global marketing capabilities previously scattered across different models, tools, and workflows into a unified AI-native gateway. Centered around business objectives, enterprises can assemble specialized AI agents on demand and orchestrate them through collaborative Agentic Workflows that improve efficiency, scalability, and execution.

As organizations increasingly seek to embed AI into core business processes rather than isolated tasks, Navos 2.0 marks Tec-Do’s latest step toward Agentic Commerce — a future in which AI agents actively participate in how businesses operate, market, sell, and serve customers.

Bringing Global Growth Operations Into a Unified AI Workflow

At the core of Navos 2.0 is a multi-agent framework that enables businesses to coordinate specialized AI agents around specific objectives.

For e-commerce, gaming, and local-commerce companies, the product introduces several purpose-built agents, including an AI Product Selection Agent for identifying market opportunities, an AI Creative Agent for generating high-performing marketing assets, and an AI Influencer Agent for creator discovery and outreach.

Powered by Tec-Do’s proprietary marketing data assets, leading multimodal foundation models including Seedance 2.0, and a global creator network spanning more than 150 million influencers, these agents enable businesses to move seamlessly from opportunity discovery to content production and creator activation through a single coordinated workflow.

Tec-Do also introduced an AI Short-Drama Agent designed for the rapidly growing global entertainment and short-form content market. The agent integrates trend analysis, story ideation, script development, storyboard generation, and multilingual localization into a unified production pipeline, enabling content teams to bring creative concepts to market with greater speed and efficiency.

From Recommendations to Execution

A major enhancement in Navos 2.0 is the launch of its AI Desktop Assistant, which extends AI capabilities beyond planning and recommendation into operational execution.

With appropriate user authorization, the assistant can interact with web applications, process documents, and integrate with widely used workplace tools, including Lark and Microsoft Office applications such as Word, Excel, and PowerPoint. This enables AI agents not only to generate insights and recommendations, but also to perform tasks across systems and deliver completed results.

“Foundation models provide the intelligence layer. Domain-specific models contribute industry expertise. Multi-agent systems transform that expertise into real productivity,” said Shuhao Li, Founder and CEO of Tec-Do. “Navos 2.0 moves AI beyond the chat interface and into real business workflows. By participating directly in execution and optimization, AI agents can help enterprises continuously improve performance and achieve stronger growth outcomes.”

Powered by a Proprietary Marketing-Specific Model

Underlying Navos 2.0 is Tec-Chi, Tec-Do’s proprietary multimodal large language model built specifically for marketing and international growth applications.

Trained on nearly a decade of global marketing expertise, proprietary industry datasets, and large-scale performance feedback, Tec-Chi’s reasoning model ranked No. 1 globally in the latest SuperCLUE-Mkt benchmark. Its reasoning, market-intelligence, and creative-generation capabilities achieved SOTA (state-of-the-art) performance across specialized marketing tasks.

These capabilities serve as the intelligence foundation of Navos 2.0, enabling more sophisticated analysis, planning, and execution across complex growth scenarios.

Building the Infrastructure for Agentic Commerce

Tec-Do has also expanded its strategic collaboration with OpenAI and serves as an official technology partner for ChatGPT Ads, further strengthening its position at the intersection of AI, advertising, and commerce.

The company views Navos 2.0 as a key component of a broader vision built around three interconnected layers:

Agentic Workflows, which reimagine how enterprises organize and execute work;

Agentic Ads, which connect brands with users through AI-native discovery and conversational experiences; and

Agentic Commerce, which enables intelligent interactions between enterprise agents and consumer agents.

As AI agents become increasingly embedded in both business operations and consumer decision-making, Tec-Do believes coordinated networks of specialized agents will define the next era of digital growth.

Through domain-specific AI models and multi-agent systems, the company aims to help enterprises unlock new growth opportunities, improve operational efficiency, and build stronger connections with customers worldwide.

About Tec-Do

Founded in 2017, Tec-Do is a leading AI martech company delivering result-centric marketing solutions for global business growth. Powered by Tec-Chi multi-modal large language models (MLLMs) and marketing multi-agent Navos, the company delivers end-to-end marketing solutions through a suite of AI-native, performance-driven products. These products restructure and autonomize mission-critical marketing processes — including market intelligence, content generation, campaign delivery, and performance optimization—across global media channels. In 2025, Tec-Do served over 100,000 advertisers, representing a diversified customer base that spans e-commerce, gaming, entertainment, and local commerce.

CONTACT:
Monica Guan
brand@tec-do.com

Emergent Raises Series C at $1.5 Billion Valuation, Becomes Unicorn in a Year of Launch

By
Advertorial Desk
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Rapid global adoption fuels fivefold valuation growth, taking total funding to $230 million as users build over 12 million applications on the platform

SAN FRANCISCO, Calif. and BANGALORE, India, July 17, 2026 /PRNewswire/ — Emergent, the fast-growing AI software creation platform that enables founders and business owners to build full-stack, production-ready web and mobile applications, today announced a $130 million Series C funding. The round was led by Creaegis, with MNI Ventures – Claypond Capital and Sentinel Global as co-lead investors, and participation from Khosla Ventures, SoftBank Vision Fund 2, Lightspeed, and Y Combinator.

The latest round values Emergent at $1.5 billion, increasing its valuation fivefold in just four months and making it a unicorn in a year after its public launch. The milestone places Emergent among the fastest-scaling AI companies globally, driven by the rising adoption of AI-powered software creation among entrepreneurs, small businesses and non-technical builders.

Since launch, more than 12 million applications have been built on Emergent by users globally, including many entrepreneurs and small business owners with no technical background. The platform has seen particularly strong adoption across the United States and Europe, while rapidly expanding its presence in Southeast Asia, the Middle East, Australia, South America and the broader Americas.

Speaking on the funding announcement, Mukund Jha, Co-founder and CEO, Emergent said, “The real impact of the AI revolution will be a complete democratization of who gets to build what software, where they get to build it, and how much it costs. It’s about making software development accessible to the people closest to the problem, regardless of their technical knowledge. With a platform like Emergent, the people who have great ideas and deep domain expertise can now build and run the software their business needs to succeed at a fraction of the cost.”

Emergent is addressing one of the biggest barriers in technology creation: access to engineering talent. While businesses increasingly need custom software to operate and scale, traditional development remains expensive, time-intensive and dependent on specialized skills. Emergent changes this by allowing users to build CRMs, ERPs, marketplaces, mobile applications, internal tools, customer-facing products and operational systems through autonomous AI agents.

“We built Emergent for the non-technical entrepreneur and the small business owner, with 70% of our users having no prior coding experience,” Jha adds. “We give these users a new path beyond generic SaaS, slow and expensive dev shops, lightweight prototype tools, or waiting for technical talent to which they may never have access.”

“Small businesses today have a historic moment to build, automate, and operate using autonomous platforms and address their disadvantages in the previous era,” said Prakash Parthasarathy, Managing Partner, Creaegis. “Emergent is enabling every entrepreneur and business to embrace this change with production-grade software and automation.”

Emergent is building a future where software development moves closer to the people who understand the problem, the business, and the market. By removing technical barriers, the company aims to enable entrepreneurs, businesses and non-technical founders to create custom software faster and bring ideas to life without traditional limitations.

Emergent is available at http://emergent.ai 

About Emergent:

Emergent is the fast-growing AI software platform that enables founders and business owners to create full-stack, production-ready applications using autonomous AI agents. Emergent’s vision is to enable ambitious people to move at the speed of their thought — to build faster, go bigger, and be unblocked from technical limitations. Launched in 2025, Emergent is backed by Creaegis, MNI Ventures – Claypond Capital, Khosla Ventures, SoftBank Vision Fund 2, Lightspeed, Sentinel Global, Y Combinator, Prosus, Together, and Google’s AI Futures Fund. Its mission is to democratize who gets to build software and bring new ideas to life.

For media inquiries, please contact:
Moes Art | Naresh Bhandari, naresh@moes-art.com / + 91 9844467342

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