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Alstom to convert Singapore East West Line stations to the Urbalis signalling system for the Thomson-East Coast Line extension (TELe)

  • The Land Transport Authority of Singapore has awarded the contract to Alstom for the design, supply, installation, testing and commissioning of the Urbalis CBTC system to enable fully automated, high-capacity operation.
  • The contract scope covers converting Tanah Merah, Expo, and Changi Airport stations to the TEL system, and equipping the line’s extension to the future Changi Airport Terminal 5.
  • TELe, the Thomson-East Coast Line extension to Changi Airport will provide a direct, high-speed connection to central city areas and residential zones, cutting travel times for both commuters and international travellers.

SINGAPORE, Aug. 5, 2025 /PRNewswire/ —  Alstom, a global leader in smart and sustainable mobility, has been awarded a contract by the Land Transport Authority of Singapore to deliver a high-capacity driverless signalling system for the stations of the East West Line which will connect to the Thomson-East Coast Line extension (TELe). The contract, worth a couple of hundred million euros covers the conversion of Tanah Merah, Expo, and Changi Airport stations to TEL, and the equipment of the line extension to the future Changi Airport Terminal 5 station. This extension will directly connect the TEL to Changi Airport, improving passenger experience and journey efficiency, while advancing Singapore’s Land Transport Master Plan 2040 (LTMP 2040) objective of seamless, end-to-end connectivity.

As the signalling consortium leader, Alstom will provide its Urbalis CBTC system, the same platform already in successful operation on TEL, while its consortium partner, ST Engineering Urban Solutions Ltd. will provide the Data Communication System (DCS) and Platform Screen Doors (PSD).

The TEL extension to Changi Airport will provide a direct, high-speed connection to central city areas and residential zones, cutting travel times for both commuters and international travellers. This development represents a key milestone under the LTMP 2040 plan to deliver greater connectivity, resilience, and inclusivity in Singapore’s land transport system.  

Upon completion, the 57 km TEL will run from Tanah Merah through major locations like Gardens by the Bay, Maxwell, Orchard, and up to Woodlands North, with a transfer option to the Johor Bahru – Singapore Rapid Transit System Link. The TEL is expected to reduce travel time between Changi Airport and Marina Bay from 55 minutes to approximately 45 minutes. Additionally, journeys between Changi Airport and Gardens by the Bay will be shortened to 40 minutes via the TEL, compared to the current 60-minute duration.

Yann Maixandeau, Managing Director, Singapore & Malaysia, Alstom said, “Alstom is proud to have supported Singapore’s rail development for over two decades, delivering cutting-edge rolling stock and signalling systems that have shaped the nation’s urban mobility. This latest award reflects our leadership in advanced, driverless train control systems. We are honoured to contribute to the LTMP 2040 vision by enabling seamless, efficient and sustainable journeys between city and Changi Airport through TEL’s extension.”

This latest contract strengthens Alstom’s long standing presence in Singapore and builds on its successful delivery of the most recent signalling system in Singapore, TEL Stage 4, that commenced service in June 2024.  

As a leader in the communications-based train control (CBTC) segment, Alstom’s comprehensive CBTC portfolio supports both conventional and intelligent solutions. It can be adapted to all levels of complexity—whether greenfield or brownfield projects—across all grades of automation.

With over 30 years of expertise in CBTC, Alstom’s Urbalis signalling system is deployed on 190 metro lines, including 67 fully driverless lines in 32 countries, safely transporting millions of passengers every day. In addition to enabling higher operational efficiency and flexibility, Urbalis systems can reduce energy consumption by up to 30% through intelligent, energy-saving strategies.

ALSTOM™, Urbalis™ are protected trademarks of the Alstom Group.

About Alstom

Alstom commits to contribute to a low carbon future by developing and promoting innovative and sustainable transportation solutions that people enjoy riding. From high-speed trains, metros, monorails, trams, to turnkey systems, services, infrastructure, signalling and digital mobility, Alstom offers its diverse customers the broadest portfolio in the industry. With its presence in 63 countries and a talent base of over 86,000 people from 184 nationalities, the company focuses its design, innovation, and project management skills to where mobility solutions are needed most. Listed in France, Alstom generated sales of €18.5 billion for the fiscal year ending on 31 March 2025.  
For more information, please visit www.alstom.com.

Thai, Cambodian Border Remains Calm as Diplomatic Talks Continue

This image is for representation purpose only.

The situation along the Thai-Cambodian border remained calm on the morning of 5 August, coinciding with ongoing General Border Committee (GBC) meetings between Thailand and Cambodia in Kuala Lumpur, Malaysia. The talks, held from 4 to 6 August, mark a critical step in easing tensions following a deadly outbreak of violence in late July.

High-level officials from both countries convened in the Malaysian capital on 4 August to reinforce a fragile ceasefire. The meeting, hosted by Malaysia and observed by representatives from China, the United States, and ASEAN, is part of a broader diplomatic push to prevent further conflict along the disputed border.

The recent violence, described as the worst in over a decade, left at least 43 people dead and displaced more than 300,000. Fighting erupted after months of escalating tensions, triggered by the death of a Cambodian soldier in May and the wounding of Thai troops by landmines in July. The five-day conflict included infantry engagements, artillery strikes, air raids, and rocket fire.

A ceasefire was brokered on 28 July under pressure from the United States, which warned both nations that future trade agreements could be jeopardized if hostilities continued.

Despite the truce, tensions persist. Cambodia accuses Thailand of violating the agreement by installing barbed wire in disputed areas, while Thailand claims Cambodia has been reinforcing its military presence. Phnom Penh is also demanding the release of 18 Cambodian soldiers captured during the clashes. Thailand has returned two wounded soldiers but insists the remainder will be freed only when hostilities fully cease.

Further high-level talks are scheduled for 7 August.

Long-Standing Temple Dispute Reignites Deadly Clashes

The conflict was sparked by a 28 May skirmish that killed one Cambodian soldier and reignited a long-running territorial dispute centered on ownership of ancient temples and surrounding land, particularly the Preah Vihear and Ta Muen Thom temples. Though tensions had simmered for years, major fighting broke out on 24 July near the Ta Muen Thom temple.

By 27 July, the border conflict had entered its fourth consecutive day, drawing increasing concern from the international community. According to Thailand’s Ministry of Health, at least 12 people were killed and more than 40 injured by that point.

Despite global appeals for calm, both artillery and rocket fire continued near the disputed temple zones, impacting Thailand’s Ubon Ratchathani and Surin provinces, as well as Cambodia’s Oddar Meanchey region. Journalists in Samraong, Cambodia, reported hearing shelling throughout the morning of 27 July.

U.S. President Donald Trump said he had spoken directly with both Cambodian and Thai leaders, calling for an immediate ceasefire and warning that ongoing trade talks with the U.S. would be suspended until the violence ceased. Cambodia has since requested an emergency meeting of the United Nations Security Council.

Regional and international reactions have been swift. Laos urged both parties to exercise restraint, while France and the Philippines condemned the violence and emphasized the importance of a peaceful, lawful resolution. France has advised its citizens to leave the affected areas.

Despite diplomatic engagement and rising international pressure, the border remains volatile, with both sides accusing each other of provocation.

The clashes have displaced more than 300,000 people on both sides of the border, underscoring the urgent need for sustained dialogue and a long-term resolution.

TOMY to Release Playsets in Collaboration between Adult-targeted Brand “tomica” and 30th-year-anniversary Comic “Initial D”

-Products “tomica PREMIUM unlimited STEERING VIEW Initial D” (2 Types) and “tomica PREMIUM unlimited Initial D Fujiwara Tofu Shop” Going on Sale in December 2025 in Japan and Other Regions in Asia; Initial D-related Event to Be Held in Malaysia, Thailand, Japan, Mainland China, etc.-

TOKYO, Aug. 5, 2025 /PRNewswire/ — TOMY Company, Ltd., based in Katsushika Ward, Tokyo, will release products through collaboration between the adult-targeted “tomica” brand of die-cast miniature cars and the comic “Initial D” (published by Kodansha Ltd.), which celebrates its 30th anniversary in 2025.

Image:

(Left) Bunta Fujiwara, father of Initial D’s protagonist Takumi Fujiwara, standing with his arms folded at “Initial D Fujiwara Tofu Shop” and Koichiro Iketani’s car “Initial D NISSAN SILVIA (S13)”
(Right) Playset including dashboard, miniature car, and case:
STEERING VIEW Initial D FD3S RX-7 (Volume 1 specifications) (top)
STEERING VIEW Initial D AE86 TRUENO (Volume 1 specifications) (bottom)
https://cdn.kyodonewsprwire.jp/prwfile/release/M000076/202507162219/_prw_PI1fl_4fxa88cr.jpg

Going on sale in December 2025 will be four miniature models: tomica PREMIUM unlimited STEERING VIEW Initial D (2 types, suggested retail price: 4,730 yen each/tax included) with a car and dashboard set that appears in the comic, “tomica PREMIUM unlimited Initial D Fujiwara Tofu Shop” (suggested retail price: 5,280 yen/tax included), the home of main character Takumi Fujiwara, and “tomica PREMIUM unlimited Initial D NISSAN SILVIA (S13) Koichiro Iketani,” the car owned by Koichiro Iketani, the core character of the comic. These products will be sold at toy specialty stores and toy sections at department stores/retail stores across Japan, as well as the specialized TOMICA store “TOMICA SHOP,” online toy shops and TOMY’s official online store TOMY MALL ( https://takaratomymall.jp/shop/), among others. Reservations will be accepted at “TOMY MALL” from August 5 (Tuesday), 2025.

The products are planned to be launched in 11 Asian countries/regions: Japan, Mainland China, South Korea, Hong Kong SAR, Taiwan region, Singapore, Malaysia, Thailand, the Philippines, Indonesia and Vietnam. They will be gradually rolled out to countries/regions outside Japan.

Moreover, Initial D-related products will be displayed at events in Japan and abroad, including the “AUTO SALON 2025” custom car show in Malaysia and Thailand (August), the “Initial D 30th anniversary 2 Days” special event at Shizuoka’s Fuji International Speedway (September), and the “All in TUNING 2025” China International Automotive Customization and Tuning Exhibition (October). Additionally, “DREAM TOMICA Initial D SPECIAL SET,” a set of five miniature vehicles from the comic, will be sold exclusively at these events.

Customers can also enjoy taking pictures of the car and Fujiwara Tofu Shop through the dashboard and share them on social media: https://cdn.kyodonewsprwire.jp/prwfile/release/M000076/202507162219/_prw_PI2fl_iWV59t85.jpg 

https://cdn.kyodonewsprwire.jp/prwfile/release/M000076/202507162219/_prw_PI3fl_AQVCJed5.jpg

Product highlights:

To commemorate the 30th anniversary of the comic “Initial D,” four playsets will be released from “tomica PREMIUM unlimited,” a product line based on movies, animations, comics, and dramas. These playsets, created under the concept of “tomica+,” are geared toward adult fans with an avid “Asobi (playing)” spirit, featuring TOMICA cars of predominant characters that are essential for recreating key scenes.

The products are developed in homage to “Initial D,” the globally beloved Japanese comic with the hope of allowing fans to fully immerse themselves in its iconic world. Each item carefully recreates memorable elements from early story, such as “Takumi’s dashboard with a cup,” “the intense car chase between Takumi and Keisuke Takahashi,” and “Fujiwara Tofu Shop” where Bunta stands with his arms folded.

In addition, the products allow fans to experience both the driver’s perspective and the view from outside the car, offering a fresh and immersive way to enjoy the iconic driving scenes. The charm of the product becomes even more apparent with hands-on play. These TOMICA models are designed to captivate adult fans, delivering an experience that can be genuinely enjoyed and deeply engaging.

Tadashi Sasuga, General Manager of Global TOMICA Office, Brands Business at TOMY Company’s Business Headquarters, says: “TOMICA is celebrating its 55th anniversary this year, and is expanding its lineup of ‘tomica’ brands targeting ‘kidults,’ or adults with playful minds. We are very pleased that this collaboration with the globally successful ‘Initial D’ comic series, celebrating its 30th anniversary, will enable us to provide an experience where adults can be fully engaged in play and let fun take over. We look forward to meeting TOMICA and Initial D fans at global events.”

Product lineup

-tomica PREMIUM unlimited STEERING VIEW Initial D AE86 TRUENO (Volume 1 specifications; suggested retail price: 4,730 yen/tax included)

Dashboard with a speedometer and a cup in the cup holder:
https://cdn.kyodonewsprwire.jp/prwfile/release/M000076/202507162219/_prw_PI4fl_jz1dRG03.jpg

Product packaging with notable scenes from the comic: https://cdn.kyodonewsprwire.jp/prwfile/release/M000076/202507162219/_prw_PI5fl_4C5su802.jpg

https://cdn.kyodonewsprwire.jp/prwfile/release/M000076/202507162219/_prw_PI6fl_5efbfPY4.jpg

-tomica PREMIUM unlimited STEERING VIEW Initial D FD3S RX-7 (Volume 1 specifications; suggested retail price: 4,730 yen/tax included)

Dashboard with modified boost gauge, audio equipment, and air conditioning: https://cdn.kyodonewsprwire.jp/prwfile/release/M000076/202507162219/_prw_PI7fl_kV6b25vZ.jpg 

Product packaging printed with famous scenes from the comic: https://cdn.kyodonewsprwire.jp/prwfile/release/M000076/202507162219/_prw_PI8fl_Iq12113c.jpg 

https://cdn.kyodonewsprwire.jp/prwfile/release/M000076/202507162219/_prw_PI9fl_CO10v500.jpg 

-tomica PREMIUM unlimited Initial D Fujiwara Tofu Shop (suggested retail price: 5,280 yen/tax included)

Including figurine (Bunta Fujiwara) and road panels to help recreate the scenes from the story: https://cdn.kyodonewsprwire.jp/prwfile/release/M000076/202507162219/_prw_PI11fl_ZdtmvPbQ.jpg
*TOMICA is not included and sold separately.

Bunta’s silhouette making a phone call appears in the first-floor window, while Takumi’s silhouette with the little holiday tree brought by Natsuki appears in the second-floor window. The set includes a lighting function with flickering fluorescent lights that illuminate the window in alternating green and red.

https://cdn.kyodonewsprwire.jp/prwfile/release/M000076/202507162219/_prw_PI10fl_tAC0UXEK.jpg

https://cdn.kyodonewsprwire.jp/prwfile/release/M000076/202507162219/_prw_PI16fl_3nF6iCpW.jpg 

-tomica PREMIUM unlimited Initial D NISSAN SILVIA (S13) Koichiro Iketani (suggested retail price: 1,430 yen/tax included)

Iketani’s customizations including bucket seats, wheels, team stickers, mufflers, etc. are reproduced in detail: https://cdn.kyodonewsprwire.jp/prwfile/release/M000076/202507162219/_prw_PI12fl_88o5ZBEC.jpg

Product packaging with illustrations from comic: https://cdn.kyodonewsprwire.jp/prwfile/release/M000076/202507162219/_prw_PI13fl_4XP74XWT.jpg

Common information
Release date: December of 2025
Target age: 6 years and up
Copyright notice: (C) TOMY (C) Shuichi Shigeno/KODANSHA
Official website:
https://www.takaratomy.co.jp/products/tomica/tomicabrand/plus/initial_d/

Events around the world
Initial D will be showcased in a product booth at various events for fans around the world and in Japan.

Malaysia
Custom Car Show “TOKYO AUTO SALON KUALA LUMPUR 2025″
Dates: August 8 (Fri.) – 10 (Sun.), 2025
https://www.tokyoautosalonkl.com/

Thailand
Custom Car Show “BANGKOK AUTO SALON 2025″
Dates: August 27 (Wed.) – 31 (Sun.), 2025
https://www.tokyoautosalon.jp/2025/news/20250110_03/

Japan
Special event “Initial D 30th Anniversary 2 Days”
Dates: September 13 (Sat.) and 14 (Sun.), 2025
https://fujimotorsportsforest.jp/static/initial-d-30th/

-Mainland China
China international automotive customization and tuning exhibition “All in TUNING 2025”
Dates: October 17, 2025 (Fri.) – 19 (Sun.)
https://www.yasnshow.com/official-announcement/one-minute-preview-of-the-2025-ait-dongguan-tuning-show-all-in-tuning.html

Event exclusive: DREAM TOMICA Initial D special set

As a 30th anniversary commemorative product, a special set featuring a lineup of five cars such as “AE86 TRUENO,” “S13 SILVIA,” “FC3S RX-7,” “FD3S RX-7,” and “TOYOTA MR2 SW20” will be available only at the event. The special design package features a printed signature of Shuichi Shigeno, the author of Initial D.
Release date: August 8 (Fri.), 2025
Suggested retail price: 4,950 yen/tax included

The product package is decorated with the 30th anniversary logo on the front, creating a sense of luxury that is unique to the anniversary:
https://cdn.kyodonewsprwire.jp/prwfile/release/M000076/202507162219/_prw_PI14fl_UP63JX6L.jpg

https://cdn.kyodonewsprwire.jp/prwfile/release/M000076/202507162219/_prw_PI15fl_z2JEh898.jpg

China Tower (788.HK) Announces 2025 Interim Results

Deepening “One Core and Two Wings” Strategic Layout


Steady Improvement in Business Quality
Continuously Enhancing Shareholder Returns

HONG KONG SAR – Media OutReach Newswire – 5 August 2025 The world’s largest telecommunications infrastructure service provider China Tower Corporation Limited (“China Tower”, or the “Company”) (Stock Code: 0788.HK) is pleased to announce its interim results for the six months ended 30 June 2025.

Performance Highlights

RMB Million 1H 2025 1H 2024 Change
Operating revenue 49,601 48,247 2.8%
EBITDA[1] 34,227 33,045 3.6%
Profit attributable to owners of the Company 5,757 5,330 8.0%
Basic earnings per share (RMB yuan) (Re-presented) 0.3293 0.3049 8.0%
Dividend per share (RMB yuan) 0.13250 0.01090 21.6%[2]
Key operating data
Number of tower sites (thousand) 2,119 2,070 2.4%
Number of tower tenants (thousand) 3,844 3,731 3.0%
Tenancy ratio (tenants / tower site) 1.81 1.80 0.6%

In the first half of 2025, the Company’s operating revenue maintained steady growth, reaching RMB49,601 million, an increase of 2.8% year-on-year. EBITDA reached RMB34,227 million, an increase of 3.6% year-on-year, with an EBITDA margin[3] of 69.0%. Profit attributable to the owners of the Company reached RMB5,757 million, an increase of 8.0% year-on-year, with a net profit margin of 11.6%, demonstrating a continuous improvement in profitability.

Net cash generated from operating activities amounted to RMB28,679 million, a decrease of RMB4,151 million year-on-year. Capital expenditures stood at RMB12,392 million, with free cash flow[4] reaching RMB16,287 million, down by RMB2,814 million year-on-year. As at 30 June 2025, our total assets amounted to RMB331,127 million, with interest-bearing liabilities of RMB92,639 million and a gearing ratio[5] of 29.5%, representing a decrease of 1.5 percentage points from the end of 2024. Financial position remains healthy and stable.

The Company attaches great importance to shareholder returns. After considering our profitability, cash flow and future development needs, the board of directors of the Company has resolved to distribute an interim dividend of RMB0.13250 per share (pre-tax). We will work towards realizing healthy growth in annual dividend payment per share and creating greater value for shareholders.

Strong foundation helped maintain stable performance in TSP business

The Company fully delivered on its role as part of a nationwide consortium of telecommunication infrastructure developers and as the leading force in new 5G infrastructure construction. We further overcame challenges in the Dual-Gigabit network joint-entry, as well as implementing special projects such as upgrading signal strength and extending broadband coverage to all border areas. We were able to capture opportunities presented by the continuous expansion of 5G network penetration and coverage in China. By working to improve resource coordination and sharing, and enhancing our professional operations, we were able to fully satisfy customer network construction needs and maintain stable growth in the TSP business. In the first half of 2025, our TSP business recorded revenues of RMB42,461 million, an increase of 0.8% year-on-year.

Tower business. We implemented an embedded service mechanism to strengthen customer communications and engagement with a focus on TSPs’ network construction planning. By doing so we were able to acquire orders by customer types and by network standards/frequency bands. Based on site resource data, we proactively conducted network coverage analysis to identify weak coverage areas, enabling the development of comprehensive solutions and regional products to meet customer needs. We focused on resolving customer pain points, continuously tackling difficult sites to gain customer recognition while fully acquiring and addressing customer demands. By adhering to a customer-oriented philosophy, we constantly optimized our business processes, standardized business management, and improved the efficiency of order acquisition and delivery as well as billing and payment collection, in order to enhance service capabilities and customer satisfaction. In the first half of 2025, our Tower business revenue reached RMB37,797 million, maintaining at about the same level year-on-year. As of 30 June 2025, the Company managed a total of 2.119 million tower sites, an increase of 25,000 sites compared to the end of 2024. We gained 35,000 new TSP tenants since the end of 2024, bringing the total number of TSP tenants to 3.579 million. Our TSP tenancy ratio was 1.72.

DAS business. Maintaining a clear focus on high-value scenarios, the Company continued to strengthen its resource coordination and sharing capabilities for key sites such as large transportation hubs, subways, large venues, Grade 3A hospitals, tertiary institutions, and landmark buildings. We collaborated with TSPs to accelerate 5G network upgrades on high-speed railways, achieving a larger share of high-value scenario orders. By furthering joint construction and shared development, we have improved coverage efficiency and unleashed our advantages in coordinated site entry and construction. We supported TSPs in swiftly and economically expanding network coverage to improve people’s livelihoods through scale deployment of shared repeaters in elevators, underground parking lots, highway tunnels, residential properties and other sites. We accelerated 5G upgrades and continuously optimized active and passive DAS sharing solutions to enhance product competitiveness. We piloted shared frequency-shifting solutions during the 5G upgrades of existing DAS to ensure that the network quality improves in line with customer requirements. In the first half of 2025, our revenue from DAS business reached RMB4,664 million, an increase of 12.0% compared to the same period last year, maintaining relatively high growth. As of 30 June 2025, we had covered buildings with a cumulative area of 13.85 billion square meters, up by 20.0% year-on-year, while the coverage in high-speed railway tunnels and subways reached a cumulative length of 30,878 kilometers, representing an increase of 17.0% year-on-year.

Refined operations to boost rapid development of Two Wings business

We continued to strengthen product innovation and optimized business planning to improve our core competencies and promote further development of our Two Wings business, realizing rapid revenue and scale expansion. In the first half of 2025, revenues from our Two Wings business reached RMB6,935 million, accounting for 14.0% of our overall operating revenue and representing an increase of 1.6 percentage points over the same period last year.

Smart Tower business. Focusing on spatial digital intelligence governance, we leveraged our rich resources and capabilities to transform “telecommunication towers” to “digital towers”, which supported national strategies and major projects while improving the quality of our Smart Tower business. In terms of identifying customer demands, we further developed the Smart Tower business across vertical sectors and promoted strategic cooperation with a list-based approach. Our market share expanded and leadership consolidated across key scenarios such as farmland protection, fisheries law enforcement, bushfire prevention, disaster alert, and emergency rescue. In terms of refining our products, we advanced the construction and operations of the distributed platform and optimized our distinctive algorithm warehouse for mid-to-high points. We developed high-quality data sets for digital intelligent governance, further improving the competitiveness of products in key service scenarios. In terms of upgrading service delivery, we continued to elevate the service quality for customers in key industries, centering around the development of high-standard service systems. We reinforced service process management and advanced service upgrades for major projects and key service scenarios. We reinforced our local support and service teams to ensure swift response to customers’ incremental development requirements, continuously enhancing our “companion” service capabilities. In terms of strengthening security, we solidified measures by deepening closed-loop management of network information security risks and improving the technical protection system. We carried out special initiatives to comprehensively enhance technical protection capabilities for network information security across data, terminals, platforms, and cloud networks. In the first half of 2025, our Smart Tower business achieved revenue of RMB4,726 million, a year-on-year increase of 18.7%. Of which, RMB2,822 million was generated from Tower Monitoring business, accounting for 59.7% of our Smart Tower business.

Energy business. We focused on key business segments such as battery exchange and power backup, leveraging core competitiveness in product, service, and platform. We carried out refined operation and turned our Energy business into a specialized business stream. For the battery exchange business, we strengthened our presence in the consumer food delivery market while accelerating expansion among corporate customers. We established a VIP user management system to improve service capabilities and customer retention, driving rapid growth in our user base. As of 30 June 2025, we had approximately 1.470 million battery exchange users, an increase of 166,000 from the end of 2024, further maintaining our leading position in battery exchange for low-speed electric vehicles. Drawing on effective resource allocations, we accelerated the construction of a community charging infrastructure network system, improved operation and management capabilities, provided safe charging services for low-speed electric vehicles to the community, and continuously expanded the scale of service users. For the power backup business, we tapped into pivotal industries such as telecommunications and finance, along with key scenarios, to expand our premium customer base, analyze customer needs, strengthen capabilities, promot a comprehensive “power backup +” industry solution and forge China Tower “energy butler” brand. In the first half of 2025, our Energy business achieved revenue of RMB2,209 million, a year-on-year increase of 9.2%. Of which, the battery exchange business accounted for RMB1,323 million, contributing to 59.9% of the Energy business revenue.

Technological innovation steadily generated positive impact

In the first half of the year, we continued to strengthen technological innovation, building robust momentum for sustainable development. We intensified R&D efforts in critical technologies, including next-generation mobile communications, AI, edge computing, 5G + BeiDou integration, 5G shared DAS, new energy solutions and Internet of Things. We focused on establishing major projects and technical standards with international and industrial impact. By releasing a series of achievement lists, smoothing transformation channels, conducting scientific and technological achievement evaluations, and promoting transformation through categorized measures, we accelerated the channeling of technological achievements into production. We further promoted the management of the “four lists”, namely competencies and capabilities, task and project planning, resource allocation, and the commercialization of research outcomes, to steadily improve the efficiency and performance of innovation. In the first half of 2025, our R&D team size increased by 29%, compared to the same period last year, while the cumulative number of patent authorizations rose by 16% since the end of 2024.

Mr. Zhang Zhiyong, Chairman of China Tower said, “During the first half of 2025, we continued to optimize resource allocation, deepen reform and innovation, promote stable and high-quality operations and development, and improve corporate efficiency, further enhancing our core competitiveness. Looking ahead, we will continue to uphold the philosophy of resource sharing and adhere to the ‘One Core and Two Wings’ strategy to further enhance our core competitiveness, promote high-quality development, and maximize value for shareholders, customers, and society.”


[1] EBITDA is calculated by operating profit plus depreciation and amortization.

[2] The Company’s share consolidation and capital reduction took effect on 20 February 2025. The Company’s total issued share capital was reduced from 176,008,471,024 shares to 17,600,847,102 shares. Taking into account the aforementioned change in total issued share capital, the growth rate is calculated based on the total amount of dividends.

[3] EBITDA margin is calculated by dividing EBITDA by operating revenue, and multiplying the resulting value by 100%.

[4] Free cash flow is the net cash generated from operating activities minus the capital expenditures.

[5] Gearing ratio is calculated as net debt (Interest-bearing liabilities minus the amount of cash and cash equivalents) divided by the sum of total equity and net debt, then multiplied by 100%.

Hashtag: #ChinaTower

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

About China Tower (Stock Code: 0788.HK)

China Tower is the world’s largest telecommunications tower infrastructure service provider, and the Company always adheres to the philosophy of shared development and implements the “One Core and Two Wings” strategy. The Company is principally engaged in the construction, maintenance and operation of base station ancillary facilities such as telecommunications towers, public network coverage in high-speed railways and subways, and large-scale indoor Distributed Antenna Systems (DAS). Meanwhile, relying on unique resources to provide energy application services such as information application and intelligent battery exchange and power backup to the society, the Company strives to build itself into a world-class integrated digital infrastructure service provider, and a highly competitive information and new energy applications provider. As of the end of June 2025, the Company’s total assets amounted to RMB331,127 million. China Tower operated and managed 2.119 million tower sites across 31 provinces, municipalities and autonomous regions in the PRC, and served over 3.844 million tenants with the tenancy ratio of 1.81.

VT Trading Arena Heats Up With Less than One Month Left as Traders Compete for the Prize Pool of up to USD1,000,000

SYDNEY, Aug. 5, 2025 /PRNewswire/ — VT Markets‘ 10 week global trading competition, VT Trading Arena, has reached new milestones, reinforcing its status as one of the premier global trading events of the year as traders compete for a share of the remarkable USD1,000,000 prize pool.

VT Trading Arena Heats Up as Traders Compete for the Prize Pool of up to USD1,000,000
VT Trading Arena Heats Up as Traders Compete for the Prize Pool of up to USD1,000,000

The VT Trading Arena has witnessed an overwhelming global response, attracting traders of all experience levels. This impressive turnout reflects the international appeal of the competition, which has united traders from various regions and backgrounds.

–       Total Trading Volume Surpasses USD2B in the First 4 Weeks: This immense trading activity is a clear reflection of the serious stakes participants are playing for and the competitive spirit that defines the event.
–       Most Traded Symbols: The most-traded symbols in the competition reveal valuable insights into the strategies of global traders. High-volume Forex pairs, such as EUR/USD, GBP/USD, and USD/JPY, dominate the leaderboard. This strategic focus on major currency pairs underscores the importance of liquidity and price movements in shaping effective trading strategies. As traders adapt their approaches to market conditions, these popular pairs remain at the heart of the action.
–       USD300,000 Awarded Through Spin the Wheel: A key feature of the competition, the Spin the Wheel reward mechanism, has already distributed over USD300,000 in cash prizes and additional rewards. Participants have enjoyed multiple opportunities to win various prizes, including cash payouts, trading vouchers, and exclusive event tickets, adding an extra layer of excitement to the competition.

The VT Trading Arena rewards participants throughout the competition, with the top trader every 5 weeks receiving a grand prize of USD10,000. Second and third place finishers are awarded USD7,000 and USD3,000, respectively, providing further motivation to remain engaged.

For more information on how to participate, eligibility requirements, and the full list of prizes, please visit: https://vttradingarena.com/

*Terms and Conditions apply.

Upcoming Promotions

Adding to the excitement of the VT Trading Arena, VT Markets are rolling out a series of upcoming flash sale promotions:

–       10-Day Flash Sale (August 25 – Sep 3): Earn up to $300 cashback when you trade with selected group of US and metal products!
–       5-Day Limited-Time Offer (August 18-22): Stand a chance to win a 14-inch MacBook Pro with every $500 deposit in the eligible trading instruments.

 

Chugai Pharma Taiwan Honored at the AREA 2025 for its Social Empowerment and Green Innovation

BANGKOK, Aug. 4, 2025 /PRNewswire/ — Chugai Pharma Taiwan (CPT), a subsidiary of Chugai Pharmaceutical Co., Ltd. in Japan, has been recognized in both the Social Empowerment and Green Leadership categories at the Asia Responsible Enterprise Awards (AREA) 2025. These recognitions highlight the company’s exceptional efforts in driving community impact and environmental sustainability through healthcare-focused innovation and compassion.

In the Social Empowerment category, CPT was recognized for its heartfelt and impactful charitable initiatives. Through its annual charity cycling event, CPT not only donates essential goods to underserved communities but also engages employees and their families in meaningful social participation. The company also organized a meaningful event in response to Rare Disease Day.

CPT often hosts inclusive events that raise awareness, celebrate talent, and promote public understanding. In addition, employee donations have grown steadily, with the company matching contributions, culminating in a 14.3% year-on-year increase in 2024. These activities form part of CPT’s broader strategy to integrate corporate social responsibility into procurement policies and operational goals, reflecting its aspiration to become an ESG model enterprise by 2030.

The company’s work in Green Leadership is equally compelling. Through its “Herb Field Adoption Sustainability Initiative,” CPT has created a comprehensive sustainability model that combines organic farming, local empowerment, and healthcare innovation. In partnership with sustainable brand Blueseeds, CPT supports contract farming in Taitung, promoting toxin-free cultivation of herbs like lavender and rosemary. These herbs are used not only in eco-conscious gifts and employee wellness programs but also in patient care, where essential oil workshops and aromatherapy enhance mental well-being and quality of life. This initiative contributes meaningfully to climate change mitigation, biodiversity protection, and circular economy goals. It also empowers visually impaired perfumers and small-scale farmers, creating inclusive job opportunities and reinforcing CPT’s dedication to social equity.

Together, these initiatives reflect Chugai Pharma Taiwan’s deep-rooted belief that healthcare companies must serve not just patients, but society and the planet as well. Through integrated ESG action—spanning environmental sustainability, social innovation, and community care—CPT continues to redefine what responsible enterprise means in the industry.

PR Newswire is the official news distribution partner of Asia Responsible Enterprise Awards (AREA) 2025.

About Enterprise Asia
Enterprise Asia is a non-governmental organization in pursuit of creating an Asia that is rich in entrepreneurship as an engine toward sustainable and progressive economic and social development within a world of economic equality. Its two pillars of existence are investment in people and responsible entrepreneurship. Enterprise Asia works with governments, NGOs, and other organizations to promote competitiveness and entrepreneurial development, uplifting the economic status of people across Asia and ensuring a legacy of hope, innovation, and courage for future generations. Please visit https://www.enterpriseasia.org/ for more information.

About Asia Responsible Enterprise Awards (AREA)
The Asia Responsible Enterprise Awards program recognizes and honors Asian businesses for championing sustainable and responsible entrepreneurship in the categories of Green Leadership, Investment in People, Health Promotion, Social Empowerment, Corporate Governance, Circular Economy Leadership, Corporate Sustainability Reporting, and Responsible Business Leadership. For more information, visit https://enterpriseasia.org/area/.

MEXC Ventures Invests in Triv, Indonesia’s Leading Crypto Exchange, at $200 Million Valuation to Accelerate Southeast Asia Expansion

VICTORIA, Seychelles, Aug. 5, 2025 /PRNewswire/ — MEXC Ventures, the investment arm of global cryptocurrency exchange MEXC, has announced a strategic investment in Triv, one of Indonesia’s most established and prominent cryptocurrency exchanges, which currently holds a valuation of US$200 million. Established in 2015, Triv has maintained a solid reputation in Southeast Asia for over a decade and is widely recognized for its comprehensive compliance, innovation, and strong user trust. This investment goes in line with the global MEXC strategy to support and develop innovative projects in the blockchain and cryptocurrency sectors and its aim to capitalize on Southeast Asia’s rapidly growing digital asset market.

MEXC Ventures Invests in Triv, Indonesia’s Leading Crypto Exchange, at $200 Million Valuation to Accelerate Southeast Asia Expansion
MEXC Ventures Invests in Triv, Indonesia’s Leading Crypto Exchange, at $200 Million Valuation to Accelerate Southeast Asia Expansion

Triv stands out not only as a market leader but also as a trusted, licensed, and fully regulated exchange. Holding a comprehensive suite of licenses, Triv is officially authorized to operate crypto spot, staking, and futures services fully supervised by both the Financial Services Authority (OJK) and the Indonesia’s Commodity Futures Trading Regulatory Agency (BAPPEBTI). This dual compliance reflects Triv’s strong commitment to regulation, user protection, and transparency. For over 10 years, Triv has maintained a flawless track record with a consistent focus on resilience and user trust across all market conditions.

Established in 2015, Triv is one of the oldest and largest crypto exchanges in Indonesia. Serving more than 3 million registered users and offering over 1,000+ crypto assets, Triv provides one of the most diverse and accessible digital trading platforms in the region. Its robust infrastructure supports not only mainstream assets like BTC and ETH, but also USDT pairs, memecoins, and even access to U.S. stock market products—an offering that has helped Indonesian investors diversify their portfolios with ease.

Another key feature that sets Triv apart from other Indonesian crypto platforms is Triv holds comprehensive licenses covering crypto spot trading, staking, and futures. This makes Triv the most fully licensed and comprehensive crypto exchange in the region.

Gabriel Rey, CEO and Founder of Triv, stated: “We are pleased to welcome the MEXC Group into the Triv Group. This partnership will enable us to expand our coin offerings, enhance liquidity, and introduce more innovative products for both new and existing users. It also strengthens our commitment to keeping CryptoWave Media (part of Triv Group) as the no.1 crypto media platform in Indonesia.”

With investment in Triv, MEXC is expecting a substantial user base expansion, as the crypto adoption in Southeast Asia is advancing by leaps and bounds. “As part of MEXC Ventures’ strategic focus on Southeast Asia, we are excited to back Triv in its next phase of growth,” said Leo Zhao, Investment Director of MEXC Ventures. “Indonesia is one of the most dynamic and promising digital asset markets in the region, and Triv has earned a strong reputation for compliance, security, and user trust. Through this partnership, we look forward to supporting Triv in serving Indonesian users even better and accelerating the adoption of digital assets across the country. We are committed to strategic investment, focusing not just on exciting ideas and talented developers, but on initiatives with clear long-term potential.”

As for extensive growth, geographic diversification of their business is also one of the long-term goals set by MEXC Ventures. Entering high-growth markets aligns with this strategy and provides a solid basis for further investment and development. According to recent data, MEXC is currently one of the top crypto trading platforms in Indonesia, with 1,700+ cryptocurrencies available for local users.

Combining its resources and innovative practices with an established Indonesian market leader, Triv, MEXC is maintaining its role as a trendsetter in the industry. This investment comes as part of MEXC’s global mission — to foster the growth of the digital asset trading market by leveraging technological innovation and delivering high-quality service.

About MEXC Ventures

MEXC Ventures is a comprehensive fund under MEXC dedicated to driving innovation in the cryptocurrency sector through investments in L1/L2 ecosystems, strategic investments, M&A and incubation. Upholding the principle of “Empowering Growth Through Synergy,” MEXC Ventures is committed to supporting innovative ideas and active builders in crypto.

MEXC Ventures is an investor and supporter of TON and Aptos, looking forward to staying at the forefront of TON and Aptos’ innovations and actively engaging with builders to drive ecosystem growth.

THE ADECCO GROUP HALF YEAR REPORT 2025

AD HOC ANNOUNCEMENT pursuant to Art. 53 Listing Rules of SIX Swiss Exchange

ZURICH, Aug. 5, 2025 /PRNewswire/ — The Adecco Group Half Year Report 2025 is now available in the Ad Hoc section of the Group’s website, which is directly accessible by clicking here.

Contact: investor.relations@adeccogroup.com