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CUHK Claims Top Positions in Hong Kong and Asia in the Latest QS World University Rankings by Subject


HONG KONG SAR – Media OutReach Newswire – 7 May 2026 – The Chinese University of Hong Kong (CUHK) has achieved outstanding results in the QS World University Rankings by Subject 2026, released on 25 March, further cementing its position as a global leader in research and academic excellence. Ten CUHK subjects have secured the top position in Hong Kong, and 21 subjects rank among the top 50 worldwide. These outstanding results reflect CUHK’s sustained commitment to research impact and the calibre of its scholars, whose work continues to advance the collective understanding of the world’s most pressing challenges.

CUHK latest QS World University Rankings by Subject 2026 is released.

CUHK’s Academic Excellence and Global Research Impact

Ranked among the world’s top 50 universities, CUHK ascended to 32nd place globally in the QS World University Rankings 2026, marking a four-place rise that reinforces its role as a hub for rigorous inquiry, and a dynamic environment where students are empowered to pursue meaningful research and knowledge exchange. This trajectory is supported by 17 CUHK researchers recognised on the Highly Cited Researchers 2025 list by Clarivate Analytics, and 431 academics listed among the world’s top 2% scientists by Stanford University. Among them, 47 scholars were ranked within the global top 100 in their respective fields. Notably, three scholars, including Vice-Chancellor and President Professor Dennis Lo Yuk-ming, have earned positions within the global top 10, a distinction that highlights the remarkable depth and excellence of CUHK’s research community.

CUHK’s The Nethersole School of Nursing: Nurturing Research Innovation and Global Talent in Nursing

Among CUHK’s strongest performers in this year’s rankings, the Nethersole School of Nursing has been ranked #1 in Hong Kong and Asia, and #6 worldwide. Reflecting on the academic environment, Pham Nhat Vi DO, a Vietnamese PhD student in Nursing, shared: “My PhD journey at CUHK has transformed my research abilities, critical thinking, and leadership skills. Through CUHK’s outstanding faculty support, I have accessed diverse academic resources and gained invaluable hands-on experience, building a strong foundation for my future career.”

Vi’s research focuses on colorectal cancer survivorship using cutting-edge technology. As the first Vietnamese researcher adopting this approach, her work reflects CUHK’s strength in empowering students to break new ground.

CUHK’s Geography and Resource Management: Advancing Student Research on Pressing Climate Challenges

CUHK’s Department of Geography and Resource Management has also earned notable recognition in this year’s ranking, placing #4 in Asia and #21 worldwide. Arati POUDEL, a Nepali PhD student, highlighted the University’s research ecosystem as a key defining aspect of her experience. “CUHK exceeds expectations through outstanding research facilities, supportive faculty, and comprehensive professional development opportunities. The prestigious Belt and Road Scholarship has also enriched my research journey in this beautiful campus environment.”

Supported by CUHK, Arati’s research investigates how adaptation to climate extremes—particularly water scarcity and excess—are being addressed, and the pivotal role played by communities and civil society in leading these responses.

Through the QS World University Rankings by Subject 2026, CUHK continues to demonstrate the impact of its research and scholarship. These achievements underscore the University’s growing influence on the global academic stage and its steadfast commitment to addressing complex global challenges through innovation, insight, and collaboration.
Hashtag: #CUHK

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

About CUHK

The Chinese University of Hong Kong (CUHK) is a leading higher education institution dedicated to nurturing and empowering students to become responsible and compassionate global citizens. With a rich heritage and a forward-looking vision, CUHK strives to blend tradition with innovation, fostering academic excellence, research breakthroughs, and meaningful societal impact.

Luffa Announces Major Brand Upgrade: Repositioned as AI × Web3 Super Connector


HONG KONG – Media OutReach Newswire – 7 May 2026 – Luffa, a global leading intelligent ecosystem platform, officially unveiled a major brand upgrade, repositioning as the AI × Web3 Super Connector. Centered on AI agents, it provides an integrated intelligent collaboration and value-flow system for global individuals, creators, brands, communities and developers. This upgrade drives Luffa to evolve into a next-generation infrastructure powered by AI, based on sovereign identity and supported by programmable economics, systematically solving identity, intelligence, value and trust fragmentations in the digital world, and enabling AI to realize autonomous execution, reliable interaction and independent economic capacity.

Current internet suffers severe fragmentation: platform-controlled isolated identities, AI agents lacking independent identity, wallets and execution ability, closed-ecosystem-locked value and payments, and unverifiable AI-generated content. Luffa constructs super-connectivity via three core dimensions: community with DID-based sovereign identity, AI empowerment and on-chain governance for DAO; content as programmable tradable value containers supporting creator tokenization and tiered monetization; aggregation through SuperBox mini-program ecosystem, multi-chain wallets, LuffaPay intent-based payments and multi-agent protocols linking cross-scenario applications. These closed loops bridge gaps between users and identity, identity and assets, content and value, online and offline.

In fragmented digital environment, AI is only a tool without independent identity and execution power, while user assets and data are locked by platforms. Luffa endows AI agents with three core capabilities: unified controllable DID for humans and AI ensuring traceable reputation and behaviors; end-to-end automated operations covering community management, content distribution and risk assessment; independent wallet-holding, transaction, negotiation and settlement, making AI formal economic participants. These systems integrate people, identity, assets, creation and offline-online scenarios, making AI the ecosystem’s core driver.

By February 2026, Luffa hits over 3 million global downloads, 2 million registered users and 150,000+ daily active users. Its core products run well in AI prediction markets, mini-games, community governance and creator economy. In 2026, it will focus on AI prediction markets and intelligent derivatives to build a top intelligent trading platform.

Luffa CEO Michael Liu stated AI is the digital world’s core productivity but lacks identity, execution and trust. As AI × Web3 Super Connector, Luffa equips AI with sovereign identity and economic capacity, helping users achieve value sovereignty via intelligence, shifting the world from attention economy to ownership economy.Hashtag: #Luffa


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

Autoliv Declares Quarterly Dividend

AUBURN HILLS, Mich., May 7, 2026 /PRNewswire/ — Autoliv, Inc. (NYSE: ALV) (SSE: ALIV.sdb), the worldwide leader in automotive safety systems, today announced that its Board of Directors has declared a quarterly dividend of 87 cents for the second quarter of 2026.

To holders of record on the close of business on Wednesday, May 20, the dividend will be payable on:

  • Monday, June 8, 2026 to holders of Autoliv common stock listed on the New York Stock Exchange (Common Stock); and
  • Tuesday, June 9, 2026 to holders of Autoliv Swedish Depository Receipts listed on Nasdaq Stockholm (SDRs).

The ex-date will be:

  • Wednesday, May 20, for holders of Common Stock; and
  • Tuesday, May 19, for holders of SDRs.

Inquiries:          

Investors & Analysts: Anders Trapp, Tel +46 (0)709 578 170
Investors & Analysts: Henrik Kaar, Tel +46 (0)709 578 114

Media: Gabriella Etemad, Tel +46 (0)706 126 424

This information is information that Autoliv, Inc. is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication by Henrik Kaar at 4:10 p.m. ET on May 6, 2026.

About Autoliv

Autoliv, Inc. (NYSE: ALV; Nasdaq Stockholm: ALIV.sdb) is the worldwide leader in automotive safety systems. Through our group companies, we develop, manufacture and market protective systems, such as airbags, seatbelts, and steering wheels for all major automotive manufacturers in the world, as well as mobility safety solutions, such as commercial vehicles and electrical safety solutions. At Autoliv, we challenge and re-define the standards of mobility safety to sustainably deliver leading solutions. In 2025, our products saved approximately 40,000 lives and reduced around 600,000 injuries.

We have operations in 25 countries, and we drive innovation, research, and development at our 13 technical centers. Our 64,000 employees are passionate about our vision of Saving More Lives and quality is at the heart of everything we do. Sales in 2025 amounted to $10.8 billion. For more information go towww.autoliv.com.

Safe Harbor Statement

This report contains statements that are not historical facts but rather forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include those that address activities, events or developments that Autoliv, Inc. or its management believes or anticipates may occur in the future. All forward-looking statements are based upon our current expectations, various assumptions and data available from third parties. Our expectations and assumptions are expressed in good faith and we believe there is a reasonable basis for them. However, there can be no assurance that such forward-looking statements will materialize or prove to be correct as forward-looking statements are inherently subject to known and unknown risks, uncertainties and other factors which may cause actual future results, performance or achievements to differ materially from the future results, performance or achievements expressed in or implied by such forward-looking statements. Numerous risks, uncertainties and other factors may cause actual results to differ materially from those set out in the forward-looking statements, including general economic conditions and fluctuations in the global automotive market. For any forward-looking statements contained in this or any other document, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and we assume no obligation to update publicly or revise any such statements in light of new information

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/autoliv/r/autoliv-declares-quarterly-dividend,c4345376

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OceanaGold Delivers Strong First Quarter with $255M of Free Cash Flow

(All financial figures in United States dollars unless otherwise stated)

  • Produced 130,100 ounces of gold and 3,200 tonnes of copper, in line with the full year plan.
  • Delivered record revenue, record operating cash flow, and increased the cash balance by 30%.
  • Progressed growth projects and returned $77 million to shareholders through share repurchases.

VANCOUVER, BC, May 6, 2026 /PRNewswire/ — OceanaGold Corporation (TSX: OGC) (NYSE: OGC) (“OceanaGold” or the “Company”) reported its operational and financial results for the three months ended March 31, 2026. The consolidated financial statements and Management’s Discussion and Analysis (“MD&A”) are available at www.oceanagold.com.

First Quarter Highlights

  • Safely and responsibly produced 130,100 ounces of gold and 3,200 tonnes of copper, as per plan.
  • All-In Sustaining Cost (“AISC”) of $2,094 per ounce.
  • Record quarterly revenue of $715 million at a record average realized gold price of $4,894 per ounce.
  • EBITDA Margin of 58%, net profit1 of $228 million and EPS of $1.01.
  • Record Operating Cash Flow of $382 million, generating strong Free Cash Flowof $255 million.
  • Cash balance increased by 30% to $620 million. No debt, with revolving credit facility undrawn.
  • Completed $77 million in share repurchases, in line with the $350 million buyback program for 2026.
  • Released updated NI 43-101 technical reports for Haile, Macraes and Didipio, demonstrating a stable production profile and longer mine lives at each of the assets.
  • Confirmed continuity and extension of a newly defined southern high-grade zone at Wharekirauponga, with the portal now constructed and decline development underway.
  • Listed on the New York Stock Exchange (“NYSE”) on April 7, 2026.

Gerard Bond, President and CEO of OceanaGold, said “We have started 2026 strongly, delivering results broadly in line with our expectations, while continuing to execute on our growth and capital allocation priorities. Record Operating Cash Flow delivered a near-record $255M in Free Cash Flow in the quarter, growing our cash balance by 30% even after returning capital to shareholders through our dividends and buyback programs. Our NYSE listing in April further broadens our investor base, and we released encouraging exploration results at Wharekirauponga that highlight the quality and upside potential of this high‑grade orebody. Together, these first quarter achievements demonstrate our focus on execution and position us well to continue delivering on our plans and creating value for shareholders in 2026.”

† See “Non-IFRS Financial Information” 
1 Attributable to the shareholders of the Company.

Results Overview

Q1 2026

Q4 2025

Q1 2025

Gold Produced1

  Haile

koz

41.6

55.6

51.6

  Macraes

koz

51.5

55.8

28.4

  Waihi

koz

16.6

22.2

16.8

  Didipio

koz

20.4

23.8

20.6

Total gold produced1

koz

130.1

157.4

117.4

Gold Sales

  Haile

koz

47.3

50.3

57.2

  Macraes

koz

47.9

53.7

23.7

  Waihi

koz

17.6

21.1

15.9

  Didipio

koz

22.6

20.6

17.8

Total Gold sales

koz

135.4

145.7

114.6

Average Gold Price

$/oz

4,894

4,227

2,858

Copper Produced1 – Didipio

kt

3.2

3.2

3.4

Copper Sales1 – Didipio

kt

3.3

2.9

3.2

Average Copper Price

$/lb

6.10

5.35

4.27

Silver Produced

koz

130.7

136.2

162.7

Cash Costs

  Haile

$/oz

1,779

1,529

715

  Macraes

$/oz

970

885

1,369

  Waihi

$/oz

1,556

1,584

1,445

  Didipio

$/oz

748

883

871

Consolidated Cash Costs

$/oz

1,292

1,207

976

AISC

  Haile

$/oz

2,637

2,295

1,551

  Macraes

$/oz

1,506

1,286

2,313

  Waihi

$/oz

2,155

2,068

2,019

  Didipio

$/oz

1,298

1,422

1,130

Consolidated AISC

$/oz

2,094

1,761

1,796

Free Cash Flow

$M

255.2

259.4

68.8

Net profit2

$M

228.4

327.7

99.7

Adjusted net profit2

$M

229.5

201.7

100.7

EBITDA

$M

416.7

543.2

192.0

Adjusted EBITDA

$M

417.8

374.0

193.0

Earnings per share – diluted2

$/share

$1.01

$1.42

$0.42

Adjusted earnings per share – diluted†2   

$/share

$1.01

$0.88

$0.42

1 Production is reported on a 100% basis as all operations are controlled by OceanaGold.

2 Attributable to the shareholders of the Company.

† See “Non-IFRS Financial Information”

Dividend

OceanaGold has declared a $0.09 per share dividend payable in June 2026. Shareholders of record at the close of business in each jurisdiction on May 20, 2026 (the “Record Date”) will be entitled to receive payment of the dividend on June 19, 2026. The dividend payment applies to holders of record of the Company’s common shares traded on the TSX and the NYSE.

Declaration of Dividend    

Wednesday May 6, 2026

Record Date

Wednesday May 20, 2026

Dividend Payment Date

Friday June 19, 2026

Dividends are payable in United States dollars. Shareholders in other jurisdictions can elect to participate in Computershare’s international payments service if they want to receive dividends in an alternative currency. This dividend qualifies as an ‘eligible dividend’ for Canadian income tax purposes.

Share Buyback

In the first quarter, the Company completed $77 million of share repurchases. In February, the Company announced its intention to apply up to $350 million towards share buybacks in 2026, in addition to a tripling of the dividend.

Management Update

The Company announces that after 17 years, Liang Tang, EVP General Counsel & Company Secretary, advised of her intent to leave OceanaGold to spend more time with her family. The Company thanks Ms. Tang for her dedication, professionalism, poise, clear-thinking, advice and the many contributions she has made over her long and valued service.

Elizabeth Thampy has been appointed as OceanaGold’s new EVP General Counsel & Company Secretary.  With over a decade of experience in gold mining with other similar sized companies and several years at one of Canada’s largest law firms, Ms. Thampy brings a wealth of industry knowledge and a strong track record in securities law, corporate governance, risk management, and mergers & acquisitions. She joined OceanaGold on April 16, 2026.

Conference Call and Webcast:

Senior management will host a conference call and webcast to discuss the quarterly results on Thursday, May 7, 2026 at 10:00 am EDT (7:00 am PDT). To participate in the conference call, please use one of the following methods:

If you are unable to attend the call, a recording will be made available on the Company’s website.

About OceanaGold  

OceanaGold is a global intermediate gold and copper producer committed to safely and responsibly maximizing the generation of Free Cash Flow from our operations and delivering strong returns for our shareholders. We have a portfolio of four operating mines: the wholly-owned Haile Gold Mine in the United States of America; the wholly-owned Macraes and Waihi operations in New Zealand; and the 80%-owned Didipio Mine in the Philippines.

Cautionary Statement for Public Release 

This news release contains certain “forward-looking statements” and “forward-looking information” (collectively, “forward-looking statements”) within the meaning of applicable Canadian and United States securities laws which may include, but are not limited to, statements with respect to: the Company’s planned production, cost and capital Guidance for 2026; the future financial and operating performance of the Company and its mining projects and the anticipated benefits therefor; anticipated results and developments in the operations of OceanaGold in future periods; the development, expansion and operation of the Company’s mining projects; anticipated production levels and mine lives; the estimation, realization and classification of Mineral Reserves and Mineral Resources; costs of production; estimates of growth capital, sustaining capital, operating and exploration expenditures; costs and timing of the development of new deposits and mines; the timing, cost and outcome of development, construction and expansion activities; costs and timing of future exploration and drilling programs, including the Company’s site and regional exploration programs; water management initiatives and strategies and tailings management initiatives at the Company’s operations; the adequacy of current financial resources and cash reserves; requirements for additional capital; governmental regulation of mining operations and exploration operations; the timing and receipt of required permits, certifications, approvals, consents and renewals under applicable legislation; the amount of and timing for anticipated purchases under the Normal Course Issuer Bid program; compliance with applicable environmental, social, health and safety and other regulatory requirements; geotechnical and operational conditions; social licence to operate and stakeholder relationships; competition for mineral properties; the availability and terms of financing; foreign operations and political, economic and regulatory conditions in the jurisdictions in which the Company operates; expectations regarding the impacts of the U.S.-Iran international conflict on the Company’s operations, including with respect to prices for and delivery costs of certain consumable items; governmental regulation of mining operations and exploration operations; fluctuations in commodity prices, including gold, copper and silver, and foreign exchange rates; the expected inclusion of Waihi and Didipio in the Company’s hedging program; anticipated environmental risks; title disputes or claims; changes in laws, taxation and accounting standards; and the timing and possible outcome of pending legal proceedings, regulatory matters and other disputes. All statements in this news release that address events or developments that the Company expects to occur in the future are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as “may”, “plans”, “expects”, “projects”, “is expected”, “scheduled”, “potential”, “estimates”, “forecasts”, “intends”, “targets”, “aims”, “anticipates” or “believes” or variations (including negative variations) of such words and phrases, or may be identified by statements to the effect that certain actions, events or results “may”, “could”, “would”, “should”, “might” or “will” be taken, occur or be achieved.

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks include, among others: the risk of not achieving the Company’s production estimates, forecasts or 2026 Guidance; inaccuracy of Mineral Reserves, Mineral Resources and operating and capital cost estimates; the actual results of current and future production, development and/or exploration activities; possible variations of ore grade, metallurgy or recovery rates; changes in mine plans, project parameters or assumptions as plans continue to be refined; delays in, or inability to complete, development or construction or expansion activities or to re-commence or sustain operations as planned; failures or underperformance of plant, equipment, infrastructure or processes; geotechnical risks or events, including open pit wall stability, crown pillar failure, land subsidence and tailings dam failures; scarcity in and disruption of global supply chain and/or increases in prices, including as a result of international conflicts, such as the recent U.S.-Iran conflict; challenges associated with effective water management; environmental, health and safety and climate-related risks; risks related to community acceptance, stakeholder engagement and social licence to operate; competition for mineral properties and other growth opportunities; legal and regulatory challenges to current and future permits, certifications, approvals or licences; adverse judicial, regulatory or governmental decisions; delays in, or inability to obtain, financing or governmental approvals on acceptable terms; changes in laws, regulations, taxation regimes, regulated accounting standards or their interpretation or application; the risks associated with operating in foreign jurisdictions, including political instability, changes in policy or law, civil unrest or conflict; fluctuations in the prices of gold, copper and silver; general business, economic and market conditions (including changes in global, national or regional financial, credit, currency or securities markets); changes or developments in global, national or regional political and social conditions; fluctuations in foreign exchange rates, including the value of the U.S. dollar relative to the Canadian dollar, the New Zealand dollar or the Philippine peso; trade policies and tensions, including tariffs; inflationary pressure; labour availability, retention and turnover; accidents, labour disputes and other operational risks of the mining industry; limitations of insurance coverage or uninsured risks; the conclusions of economic evaluations, studies and models; information technology, artificial intelligence and cybersecurity risks; and those other factors identified and described in more detail in the section entitled “Risk Factors” contained in the Company’s most recent Annual Information Form and the Company’s other filings with Canadian securities regulators and the U.S. Securities and Exchange Commission, which are available under the Company’s profile on SEDAR+ at sedarplus.ca and sec.gov, respectively, and on the Company’s website at oceanagold.com. The list is not exhaustive of the factors that may affect the Company’s forward-looking statements.

The Company’s forward-looking statements are based on the applicable assumptions and factors Management considers reasonable as of the date hereof, based on the information available to Management at such time. These assumptions and factors include, but are not limited to, assumptions and factors related to the Company’s ability to carry on current and future operations, including: exploration and development activities; the timing, extent, duration and economic viability of such operations; the accuracy and reliability of estimates, projections, forecasts, studies and assessments; the Company’s ability to meet or achieve Guidance, estimates, projections and forecasts; the availability and cost of inputs; the price and market for outputs, including gold, copper and silver; foreign exchange rates; taxation levels; the timely receipt of necessary permits, certifications, approvals or licences; the ability to meet current and future obligations; the ability to obtain timely financing on reasonable terms when required; the current and future social, economic and political conditions; and other assumptions and factors generally associated with the mining industry.

The Company’s forward-looking statements are based on the opinions and estimates of Management and reflect their current expectations regarding future events and operating performance and speak only as of the date hereof. The Company does not assume any obligation to update forward-looking statements if circumstances or Management’s beliefs, expectations or opinions should change other than as required by applicable laws. There can be no assurance that forward-looking statements will prove to be accurate, and actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements. Accordingly, no assurance can be given that any events anticipated by the forward-looking statements will transpire or occur, or if any of them do, what benefits or liabilities the Company will derive therefrom. For the reasons set forth above, undue reliance should not be placed on forward-looking statements.

Non-IFRS Financial Information

Adjusted Net Profit/(Loss) and Adjusted Earnings/(Loss) per share

These are used by Management to measure the underlying operating performance of the Company. Management believes these measures provide information that is useful to investors because they are important indicators of the strength of the Company’s operations and the performance of its core business. Accordingly, such measures are intended to provide additional information and should not be considered in isolation as a substitute for measures of performance prepared in accordance with IFRS. Adjusted Net Profit/(Loss) is calculated as Net Profit/(Loss) less the impact of impairment expenses and reversals, write-downs, foreign exchange (gains)/losses, gain on sale of assets and listing costs.

The following table provides a reconciliation of Adjusted Net Profit/(Loss) and Adjusted Earnings/(Loss) per share:

$M, except per share amounts

Q1 2026

Q4 2025

Q1 2025

Net profit1

228.4

327.7

99.7

Foreign exchange loss (gain)

0.1

(1.9)

0.8

Impairment reversal

(176.2)

NYSE listing costs

1.0

0.9

Write-down of assets

8.0

0.2

Tax expense on impairment reversal

43.2

Adjusted net profit1

229.5

201.7

100.7

Weighted average number of common shares – fully diluted   

226.6

230.2

238.3

Adjusted earnings per share

1.01

0.88

0.42

1 Attributable to the shareholders of the Company.

EBITDA, Adjusted EBITDA and Adjusted EBITDA Margin

Management believes that Adjusted EBITDA is a valuable indicator of its ability to generate liquidity by producing operating cash flows to fund working capital needs, service debt obligations and fund capital expenditures. EBITDA is defined as earnings before interest, tax, depreciation and amortization. Adjusted EBITDA is calculated as EBITDA less the impact of impairment expenses and reversals, write-downs, gains/losses on disposal of assets, listing costs, foreign exchange gains/losses and other non-recurring costs. Adjusted EBITDA Margin is calculated as Adjusted EBITDA divided by revenue.

The following table provides a reconciliation of EBITDA, Adjusted EBITDA and Adjusted EBITDA Margin:

$M

Q1 2026

Q4 2025

Q1 2025

Net profit

235.4

333.8

101.2

Depreciation and amortization

84.0

81.1

53.7

Net interest (income) expense and finance costs   

(1.0)

1.8

Income tax expense on earnings

98.3

128.3

35.3

EBITDA

416.7

543.2

192.0

Foreign exchange loss (gain)

0.1

(1.9)

0.8

Impairment reversal

(176.2)

NYSE listing costs

1.0

0.9

Write-down of assets

8.0

0.2

Adjusted EBITDA

417.8

374.0

193.0

Revenue

714.5

652.4

359.9

Adjusted EBITDA Margin

58 %

57 %

54 %

Cash Costs and AISC

Cash Costs are a common financial performance measure in the gold mining industry; however, it has no standard meaning under IFRS. Management uses this measure to monitor the performance of the Company’s mining operations and its ability to generate positive cash flows, both on an individual site basis and an overall company basis. Cash Costs include mine site operating costs plus indirect taxes and selling cost net of by-product allocations and are then divided by ounces sold. In calculating Cash Costs, the Company includes the value of cash-settled stock-based compensation in the year of vesting. Cash Costs are reduced by copper and silver by-product cost allocations that are considered incidental to the gold production process, thereby allowing Management and other stakeholders to assess the net costs of gold production. The measure is not necessarily indicative of cash flow from operations under IFRS or operating costs presented under IFRS.

Management believes that the AISC measure provides additional insight into the costs of producing gold by capturing all of the expenditures required for the discovery, development and sustaining of gold production and allows the Company to assess its ability to support capital expenditures to sustain future production from the generation of operating cash flows, both on an individual site basis and an overall company basis, while maintaining current production levels. Management believes that, in addition to conventional measures prepared in accordance with IFRS, certain investors use this information to evaluate the Company’s performance and ability to generate cash flow per ounce sold. AISC is calculated as the sum of Cash Costs, capital expenditures and exploration costs that are sustaining in nature and corporate G&A costs. AISC is divided by ounces sold to arrive at AISC per ounce.

 The following table provides a reconciliation of consolidated Cash Costs and AISC:

$M, except per oz amounts

Q1 2026

Q4 2025

Q1 2025

Cost of sales, excl. depreciation and amortization

226.8

231.3

142.9

Indirect taxes

9.0

8.5

4.8

Selling costs

3.7

3.8

2.8

Non-cash stock-based compensation adjustments2   

(9.0)

(26.8)

(3.4)

By-product allocation

(55.6)

(40.9)

(35.3)

Total Cash Costs (net)

174.9

175.9

111.8

Sustaining capital and leases

40.3

53.3

26.8

Deferred stripping and capitalized mining

45.9

26.5

55.3

Corporate general & administration3

19.9

(1.6)

10.4

Onsite exploration and drilling

3.2

0.3

1.6

Total AISC

284.2

254.4

205.9

Gold sales (koz)

135.4

145.7

114.6

Cash Costs ($/oz)

1,292

1,207

976

AISC ($/oz)1

2,094

1,761

1,796

1

Excludes the Additional Government Share related to the FTAA at Didipio of $22.1 million for the first quarter of 2026 and $2.9 million for the fourth quarter of 2025, as it is considered in the nature of an income tax.

2

Reflects the adjustment in AISC to stock-based compensation settled in cash over the year of vesting. Total Cash Costs include cash settled stock-based expenses of $6.7 million for the first quarter of 2026, $0.9 million for the fourth quarter of 2025 and $0.2 million for the first quarter of 2025.

3

Corporate general & administration includes $7.4 million in cash settled stock-based compensation for the first quarter of 2026, $3.2 million for the fourth quarter of 2025 and $1.3 million for the first quarter of 2025.

The following tables provide a reconciliation of Cash Costs and AISC for each operation:

Haile

$M, except per oz amounts

Q1 2026

Q4 2025

Q1 2025

Cash costs of sales1

79.8

83.5

45.6

By-product allocation

(1.2)

(1.0)

(1.9)

Inventory adjustments

5.4

(5.8)

(3.0)

Freight, treatment and refining charges

0.2

0.1

0.2

Total Cash Costs (net)

84.2

76.8

40.9

Sustaining capital and leases

18.7

23.0

10.4

Deferred stripping and capitalized mining   

21.2

15.2

36.4

Onsite exploration and drilling

0.9

0.8

Total AISC

125.0

115.0

88.5

Gold sales (koz)

47.3

50.2

57.2

Cash Costs ($/oz)

1,779

1,529

715

AISC ($/oz)

2,637

2,295

1,551

1 Reflects the inclusion of cash settled stock-based compensation over the year of vesting.

Macraes

$M, except per oz amounts

Q1 2026

Q4 2025

Q1 2025

Cash costs of sales1

45.1

49.8

39.2

By-product allocation

(0.1)

(0.2)

(0.1)

Royalties

6.7

7.8

0.7

Inventory adjustments

(5.9)

(10.5)

(7.6)

Freight, treatment and refining charges

0.6

0.6

0.2

Total Cash Costs (net)

46.4

47.5

32.4

Sustaining capital and leases

8.6

16.6

9.4

Deferred stripping and capitalized mining  

15.8

3.8

12.3

Onsite exploration and drilling

1.2

1.0

0.6

Total AISC

72.0

68.9

54.7

Gold sales (koz)

47.9

53.7

23.7

Cash Costs ($/oz)

970

885

1,369

AISC ($/oz)

1,506

1,286

2,313

1 Reflects the inclusion of cash settled stock-based compensation over the year of vesting.

Waihi

$M, except per oz amounts

Q1 2026

Q4 2025

Q1 2025

Cash costs of sales1

34.2

40.2

26.8

By-product allocation

(6.3)

(4.1)

(2.1)

Royalties

2.8

3.4

0.5

Inventory adjustments

(3.4)

(6.2)

(2.3)

Add: Freight, treatment and refining charges  

0.1

0.1

0.1

Total Cash Costs (net)

27.4

33.4

23.0

Sustaining capital and leases

4.9

6.8

4.3

Deferred stripping and capitalized mining

4.7

3.4

4.7

Onsite exploration and drilling

1.1

(0.1)

0.2

Total AISC

38.1

43.5

32.2

Gold sales (koz)

17.6

21.1

15.9

Cash Costs ($/oz)

1,556

1,584

1,445

AISC ($/oz)

2,155

2,068

2,019

1 Reflects the inclusion of cash settled stock-based compensation over the year of vesting.

Didipio

$M, except per oz amounts

Q1 2026

Q4 2025

Q1 2025

Cash costs of sales1

41.1

42.9

32.1

By-product allocation

(48.0)

(35.6)

(31.2)

Royalties

3.5

2.5

1.6

Indirect taxes

8.3

6.6

4.7

Inventory adjustments

7.8

(2.9)

4.5

Freight, treatment and refining charges

4.2

4.7

3.8

Total Cash Costs (net)

16.9

18.2

15.5

Sustaining capital and leases

8.1

6.9

2.7

Deferred stripping and capitalized mining  

4.2

4.1

1.9

General & administration2

0.1

0.7

0.1

Onsite exploration and drilling

(0.3)

Total AISC

29.3

29.6

20.2

Gold sales (koz)

22.6

20.6

17.8

Cash Costs ($/oz)

748

883

871

AISC1 ($/oz)

1,298

1,422

1,130

1

Beginning in the first quarter of 2025, Didipio’s AISC calculation includes local corporate G&A costs.

2

Excludes the Additional Government Share related to the FTAA at Didipio of $22.1 million and $2.9 million for the first quarter of 2026 and fourth quarter of 2025, respectively, as it is considered in the nature of an income tax. 

Net Cash/(Debt)

Net Cash/(Debt) has been calculated as total debt plus cash and cash equivalents. Management believes this is a useful indicator to be used in conjunction with other liquidity and leverage ratios to assess the Company’s financial health.

The following table provides a reconciliation of Net Cash/(Debt):

$M

March 31, 2026

December 31,
2025

Amounts drawn under the revolving credit facility  

Total debt

Cash and cash equivalents

620.1

476.5

Net Cash

620.1

476.5

Operating Cash Flow before working capital movements

Operating Cash Flow before working capital movements is calculated as the cash flows provided by operating activities adjusted for changes in working capital. The following table provides a reconciliation of Operating Cash Flow before working capital movements:

$M, except per share amounts

Q1 2026

Q4 2025

Q1 2025

Cash provided by operating activities

381.5

358.2

171.6

Changes in working capital

(46.9)

(79.6)

25.2

Cash flows provided by operating activities before changes in working  
capital

334.6

278.6

196.8

Free Cash Flow

Free Cash Flow is calculated as cash flows from operating activities, less cash flow used in investing activities. Management believes Free Cash Flow is a useful indicator of the Company’s ability to generate cash flow and operate net of all expenditures, prior to any financing cash flows. The following table provides a reconciliation of Free Cash Flow:

$M, except per share amounts

Q1 2026

Q4 2025

Q1 2025

Cash flows provided by Operating Activities  

381.5

358.2

171.6

Cash flows used in Investing Activities

(126.3)

(98.8)

(102.8)

Free Cash Flow

255.2

259.4

68.8

 For further information please contact: Investor Relations: Rebecca Henare, Vice President, Investor Relations, Tel: +1 604-678-4095, ir@oceanagold.com; Valerie Burns, Manager, Investor Relations, Tel: +1 604-235-0742, ir@oceanagold.com; Media Relations: Louise Burgess, Vice President, Communications, Tel: +1 604-403-2019, info@oceanagold.com

Logo – https://laotiantimes.com/wp-content/uploads/2026/05/oceanagold_corporation_oceanagold_delivers_strong_first_quarter.jpg 

Artprice News: The Lyon Biennale 2026 redefines the driving forces of international contemporary art

PARIS, May 7, 2026 /PRNewswire/ — In autumn 2026, in the wake of the Venice Biennale, the Lyon Biennale of Contemporary Art establishes itself as one of the major events on the international artistic calendar.

18th Lyon Biennale Contemporary Art - 2026
18th Lyon Biennale Contemporary Art – 2026

As France’s leading contemporary art event, each edition brings together nearly 300,000 visitors and generates more than 2.7 million encounters with artworks in public space, affirming a unique model in which artistic production, dissemination, territorial engagement and international reach converge on a large scale.

More than an exhibition, the Lyon Biennale now constitutes an international platform of influence, situated at the intersection of artistic scenes, institutions, collectors, foundations, professionals and global economic dynamics.

18th Lyon Biennale of Contemporary Art
Passer d’un rêve à l’autre / To pass from one dream to another
Lyon, France | September 19 – December 13, 2026
https://www.labiennaledelyon.com/en

Download Press Kit: https://www.labiennaledelyon.com/en/espace-presse-art

After Venice, Lyon: a new centre of gravity for the global art scene

The 18th Lyon Biennale of Contemporary Art will take place at the heart of autumn 2026, at a strategic moment within the international contemporary art calendar. It extends, shifts and reactivates the major artistic conversations initiated in Venice, grounding them within a singular territory: Lyon, a city of passages, exchanges and transformations.

Within this urban, historical and economic geography, the Biennale transforms Lyon into a full-scale space for experimentation, where artworks engage in dialogue with heritage, industrial, museum and public sites.

Catherine Nichols: an international curatorial voice on the rise

The 18th edition is entrusted to Catherine Nichols, a Berlin-based curator, writer and art historian. She was recently appointed Artistic Director of Manifesta, within the framework of a new co-directorship model that will come into effect from October 2026 onward.

With Passer d’un rêve à l’autre, Catherine Nichols develops an ambitious project centred on the notion of “poetic economy,” inspired by Robert Filliou. Here, the economy is not approached merely as a financial system: it becomes a sensitive infrastructure composed of relationships, flows, narratives, visible and invisible labour, and material as well as immaterial values.

Rooted in Lyon’s history — a city shaped by commerce, circulation, silk production, industry and confluences — this reflection takes on both a local and profoundly global dimension.

An expanded artistic cartography: new scenes, new narratives

Bringing together more than 70 international artists, this edition is distinguished by a strong openness toward artistic scenes still insufficiently represented in Europe, particularly from Australia and New Zealand, and spanning more than thirty nationalities. These territories engage in dialogue with the French and European scenes within a framework that brings together major figures, established artists and emerging voices.

The Biennale thus constructs an expanded artistic cartography in which questions of value, care, heritage, production and transformation run across practices, generations and geographies.

Artists – (full list to be completed in June)

Akwasi Bediako Afrane, Lara Almarcegui, Joël Andrianomearisoa, Serwah Attafuah, Béatrice Balcou, Eva Barto, Lucy Beech, Rossella Biscotti, Barbara Breitenfellner, Yuriyal Eric Bridgeman, Sara Sejin Chang (Sara van der Heide), Fiona Clark, Lua Coderch, Léa Collet, June Crespo, cyan, Edith Dekyndt, Huong Dodinh, Yana Nafysa Dombrowsky-M’baye, Mikala Dwyer, Robert Filliou, Florian Fouché, Rose Frigière, Angela Goh, Birke Gorm, Nuria Güell, Alice Guy, Oda Haliti, Archana Hande, Matthew Harris, Timo Hogan, Ngahina Hohaia, Jelena Jureša, Lucia Kagramanyan, Kirtika Kain, Mikhail Karikis, Ndayé Kouagou, Perrine Lacroix, Maureen Lander, Ida Lawrence, James Lewis, LYL Radio, Kokou Ferdinand Makouvia, Nicholas Mangan, Angelica Mesiti, Hana Miletić, Hayley Millar Baker, Jazz Money, Mai Nguyen-Long, Manfred Paul, Thea Anamara Perkins, Susan Philipsz, Laure Prouvost, raumlaborberlin, Miguel Rothschild, Selma Selman, Erwan Séné, Igor Šimić, Sriwhana Spong, Tina Stefanou, Mette Sterre, Michael Stevenson, Pol Taburet, Huda Takriti, Tsuneko Taniuchi, Ashleigh Taupaki, Minh Lan Tran, Thu-Van Tran, Álvaro Urbano, Kaylene Whiskey, Luke Willis Thompson, Candrani Yulis.

Exhibition venues

  • macLYON – Museum of Contemporary Art
  • Les Grandes Locos
  • Museum of Textiles and Decorative Arts
  • Traboules of the Croix-Rousse slopes – free access
  • Garden of the Museum of Fine Arts – free access
  • IAC – Institute of Contemporary Art / Frac Rhône-Alpes
  • Musée des Confluences
  • Bullukian Foundation – free access
  • LPA Saint-Antoine car park – free access
  • Metro line B station – Gare Part-Dieu

An international platform for production and influence

The Lyon Biennale is simultaneously a site for the production of new works, an international professional hub and a space for reflection on contemporary transformations. It is embedded within a global network, notably through the International Biennial Association, and each edition welcomes artists, curators, institutions, foundations, partners and art market actors.

Through its artistic projects, professional programmes, international collaborations, mediation initiatives and participatory projects, the Lyon Biennale asserts a singular model: a leading event open to the widest possible audience and fully engaged with the issues of its time.

Key dates

  • September 16–18, 2026: Press Days
  • September 17–18, 2026: Professional Days
  • September 18, 2026: Preview / Opening
  • September 19, 2026: Public Opening
  • December 13, 2026: Closing Date

About the Lyon Biennale

For more than forty years, the Lyon Biennale has organised two major events on the cultural scene in France and internationally: the Biennale of Contemporary Art and the Dance Biennale.

As the institution responsible for the conception, programming and implementation of these two events, the Lyon Biennale is today recognised as one of the major international events dedicated to contemporary creation. It enjoys strong recognition among professionals, the press and audiences alike.

Its commitment is based on four core missions: an ethical mission, through the development of a sensitive relationship to the world via visual arts and dance; a social mission, through openness to all audiences and the creation of social bonds; an economic mission, through its contribution to the visibility and attractiveness of the territory; and a CSR mission, through a socially responsible approach toward all its stakeholders.

Creativity, excellence, rigour, solidarity, social diversity and inclusivity lie at the heart of the Lyon Biennale project.

Governance

  • President: Laurent Bayle
  • Chief Executive Officer: Cécile Bourgeat
  • Artistic Director of the Lyon Biennale of Contemporary Art: Isabelle Bertolotti
  • Curator: Catherine Nichols

The 2026 Lyon Biennale embodies a unique model and has established itself as a must-attend event on the international scene. Twenty-six years after their first collaboration, Artprice by Artmarket and La Demeure du Chaos are partnering with the 18th Lyon Biennale.

A must-attend event on the international Art calendar, the Lyon Biennale has established itself, following in Venice’s footsteps, as much more than an exhibition: a platform of influence where artists, institutions, collectors, foundations, and key players in the global Art Market converge.

Twenty-six years after “Partage d’Exotisme”- the legendary 2000 Biennial curated by Jean-Hubert Martin, which served as a follow-up to his famous 1989 exhibition “Les Magiciens de la Terre” at the Centre Georges Pompidou and caused a sensation in the West. This Biennial brought together Artprice by Artmarket and La Demeure du Chaos as patrons for the first time. In 2026, they will once again join the Lyon Contemporary Art Biennial as committed partners for its 18th edition.

Thierry Ehrmann, founder of Artprice, president of Artmarket, and visual artist for over four decades, creator of La Demeure du Chaos – officially recognized on March 20, 2025 as a “Total Work of Art” by Minister of Culture Rachida Dati, applauds the significance of this Biennale of Contemporary Art, which engages with the geographical and economic characteristics of the city of Lyon.

It is in this spirit that the two entities are joining forces to support the work of Selma Selman, an artist who employs performance, painting, photography, and video to embody the struggles of her community, questioning the value of labor, objects, and bodies. She extracts the hidden poetry from industrial materials – and reminds us that beauty, too, is born of Chaos.

https://www.artprice.com/artprice-news

Contact: econometrics@artprice.com

Catherine Nichols, Isabelle Bertolotti - Photo: Blandine Soulage
Catherine Nichols, Isabelle Bertolotti – Photo: Blandine Soulage

 

 

Recon Receives NASDAQ Notification Regarding Minimum Bid Requirements

BEIJING, May 7, 2026 /PRNewswire/ — Recon Technology, Ltd (NASDAQ: RCON) (“Recon” or the “Company”) today announced that on May 4, 2026, it received a letter from The Nasdaq Stock Market LLC (“Nasdaq”), notifying the Company that it is currently not in compliance with the minimum bid price requirement set forth under Nasdaq Listing Rule 5550(a)(2). It resulted from the fact that the closing bid price of the Company’s ordinary shares was below $1.00 per share for a period of 30 consecutive business days. This press release is issued pursuant to Nasdaq Listing Rule 5810(b), which requires prompt disclosure of receipt of a deficiency notification. The notification has no immediate effect on the listing of the Company’s ordinary shares, which will continue to trade uninterrupted on Nasdaq under the ticker “RCON”.

Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has a compliance period of 180 calendar days, or until November 2, 2026 (the “Compliance Period”), to regain compliance with Nasdaq’s minimum bid price requirement. If at any time during the Compliance Period, the closing bid price per share of the Company’s ordinary shares is at least $1.00 for a minimum of 10 consecutive business days, Nasdaq will provide the Company a written confirmation of compliance and the matter will be closed.

In the event the Company does not regain compliance with the minimum bid price requirement by November 2, 2026, the Company may be eligible for an additional 180 calendar day grace period.

About Recon Technology, Ltd (“RCON”)

Recon Technology, Ltd (NASDAQ: RCON) is the People’s Republic of China’s first NASDAQ-listed non-state owned oil and gas field service company. Recon supplies China’s largest oil exploration companies, Sinopec (NYSE: SNP) and The China National Petroleum Corporation (“CNPC”), with advanced automated technologies, efficient gathering and transportation equipment and reservoir stimulation measure for increasing petroleum extraction levels, reducing impurities and lowering production costs. Through the years, RCON has taken leading positions within several segmented markets of the oil and gas filed service industry. RCON also has developed stable long-term cooperation relationship with its major clients. For additional information please visit: http://www.recon.cn/.

Forward-Looking Statements

Recon includes “forward-looking statements” within the meaning of the federal securities laws throughout this press release. A reader can identify forward-looking statements because they are not limited to historical fact or they use words such as “scheduled,” “may,” “will,” “could,” “should,” “would,” “expect,” “believe,” “anticipate,” “project,” “plan,” “estimate,” “forecast,” “goal,” “objective,” “committed,” “intend,” “continue,” or “will likely result,” and similar expressions that concern Recon’s strategy, plans, intentions or beliefs about future occurrences or results. Forward-looking statements are subject to risks, uncertainties and other factors that may change at any time and may cause actual results to differ materially from those that Recon expected. Many of these statements are derived from Recon’s operating budgets and forecasts, which are based on many detailed assumptions that Recon believes are reasonable, or are based on various assumptions about certain plans, activities or events which we expect will or may occur in the future. However, it is very difficult to predict the effect of known factors, and Recon cannot anticipate all factors that could affect actual results that may be important to an investor. All forward-looking information should be evaluated in the context of these risks, uncertainties and other factors, including those factors disclosed under “Risk Factors” in Recon’s most recent Annual Report on Form 20-F and any subsequent half-year financial filings on Form 6-K filed with the Securities and Exchange Commission. All forward-looking statements are qualified in their entirety by the cautionary statements that Recon makes from time to time in its SEC filings and public communications. Recon cannot assure the reader that it will realize the results or developments Recon anticipates, or, even if substantially realized, that they will result in the consequences or affect Recon or its operations in the way Recon expects. Forward-looking statements speak only as of the date made. Recon undertakes no obligation to update or revise any forward-looking statements to reflect events or circumstances arising after the date on which they were made, except as otherwise required by law. As a result of these risks and uncertainties, readers are cautioned not to place undue reliance on any forward-looking statements included herein or that may be made elsewhere from time to time by, or on behalf of, Recon.

 

Global Millennial Capital Raises USD 100 Million to Fund New-Age Technology Leaders in Underpenetrated Mid-Cap Segments

GMCL’s IPO Opportunities Fund targets investments in AI, decentralized finance technologies, and new-age energy solutions in companies with a market capitalization between USD 5 billion and USD 20 billion

BOSTON, May 7, 2026 /PRNewswire/ — Global Millennial Capital Ltd. (GMCL) has announced the final closure of its inaugural IPO Opportunities Fund at USD 100 million, raised through a private placement offering to institutional and professional investors. The fund is designed to provide exposure to late-stage, technology-driven companies approaching potential liquidity events, with a particular focus on mid-cap businesses typically valued between USD 5 billion and USD 20 billion. These segments are increasingly attractive as technology adoption accelerates, yet capital allocation remains less concentrated compared to large-cap markets.

Global Millennial Capital Raises USD 100 Million to Fund New-Age Technology Leaders in Underpenetrated Mid-Cap Segments
Global Millennial Capital Raises USD 100 Million to Fund New-Age Technology Leaders in Underpenetrated Mid-Cap Segments

The launch of the fund reflects a broader structural shift in global capital markets. Technology companies are remaining private for longer periods while achieving greater scale, revenue visibility, and operational maturity before entering the public markets. This dynamic has created a distinct opportunity for investors to access high-quality companies at a stage where risk is more defined than early-stage investing, while still retaining meaningful upside potential.

According to Andreea Danila, Head of Investment and Research at Global Millennial Capital, the expansion of mid-cap technology businesses is particularly evident at the intersection of artificial intelligence, decentralized finance technologies, new age energy solutions, and data. These companies, while often overlooked by both large-cap allocators and early-stage investors, are increasingly positioned at critical inflection points in their growth trajectories. The fund’s strategy is therefore focused on identifying and supporting such businesses during the final stages of value creation ahead of an IPO or strategic transaction.

The fund’s sector focus reflects areas where technology is driving systemic change across both financial services and the real economy. Key themes include artificial intelligence, decentralized finance, cybersecurity, enterprise software, and next-generation energy infrastructure. These sectors are increasingly interconnected, with advances in data, automation, and digital infrastructure reshaping how capital is allocated, how services are delivered, and how value is created.

The investor base of the GMCL IPO Opportunities Fund reflects global capital flows into technology and innovation. Participants include family offices and institutional investors from Saudi Arabia, Kuwait, and Qatar, alongside existing GMCL investors and international wealth management partners. The fund is designed to provide diversified exposure across geographies and business models.

Global Millennial Capital’s investment team brings experience across venture capital, private equity, and capital markets, with particular expertise in managing investments through the transition from private to public ownership. This includes structuring late-stage investments, assessing IPO readiness, and navigating liquidity pathways, including both public listings and strategic exits.

Important Information
The Fund is registered as a private investment fund under the laws of the British Virgin Islands. Registration by the British Virgin Islands Financial Services Commission (the “FSC”) does not constitute approval or endorsement of the Fund by the FSC.

This press release is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any interests in the Fund or any other security. Any such offer or solicitation will be made only pursuant to the Fund’s confidential offering documents, which should be reviewed in their entirety, including the risk factors described therein.

Interests in the Fund are offered on a private placement basis only to a limited number of investors who meet applicable eligibility requirements, including professional or sophisticated investors, and are subject to restrictions on transfer and resale.

No invitation is made to the public to subscribe for interests in the Fund. The Fund is closed to new investors.

This press release is not directed at, and should not be distributed to or relied upon by, any person in any jurisdiction where such distribution or use would be contrary to applicable law or regulation. Interests in the Fund have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or any applicable state securities laws, and may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, such registration requirements.

Certain statements in this release may constitute forward-looking statements. These statements are based on current expectations and assumptions and involve known and unknown risks and uncertainties. Actual results may differ materially. No representation or warranty is made as to the accuracy or completeness of such statements.

Past performance is not indicative of future results. There can be no assurance that the Fund will achieve its investment objectives or that investors will receive a return of their capital.

About Global Millennial Capital Ltd.
Global Millennial Capital Ltd. is a venture capital firm registered with the British Virgin Islands Financial Services Commission and headquartered in Boston, United States, with a global mandate to invest across transformative technology sectors. GMCL focuses on research-driven IPO and growth-stage investments in high-potential companies spanning artificial intelligence, decentralized finance, blockchain, software, fintech, cybersecurity, next-generation energy, and other emerging technologies shaping the future economy.

Disclaimer

Global Millennial Capital Ltd. is affiliated with the GMCL IPO Opportunities Fund (the “Fund”), which is registered as a private investment fund under the laws of the British Virgin Islands. Registration of the Fund by the British Virgin Islands Financial Services Commission does not constitute approval or endorsement of the Fund.

No part of this article is intended to constitute, or may be relied upon as, investment advice, an investment recommendation, an offer to sell, or a solicitation of any offer to buy any security or adopt any investment strategy. Any investment in the Fund will be made solely on the basis of the Fund’s confidential offering documents.

Global Millennial Capital Ltd. is not registered as an investment adviser under the U.S. Investment Advisers Act of 1940, as amended.

AeC Receives Frost & Sullivan’s 2026 Brazilian Customer Experience Management Company of the Year Recognition

Recognized for its visionary innovation and disciplined growth, delivering exceptional customer satisfaction and operational excellence in Brazil’s evolving landscape.

SAN ANTONIO, May 7, 2026 /PRNewswire/ — Frost & Sullivan is pleased to announce that AeC has been given the 2026 Brazilian Company of the Year Recognition in the customer experience management industry for its outstanding achievements in innovation, strategy execution, and customer impact. This recognition highlights AeC’s consistent leadership in driving measurable outcomes, strengthening its market position, and delivering customer-centric innovation in an evolving competitive landscape.

Guided by a long-term growth strategy focused on innovation, resilience, and customer trust, AeC has shown its ability to adapt and lead in a rapidly evolving landscape. The company’s strategic agility and sustained investment in AI-driven solutions have enabled it to scale effectively across Brazil. By prioritizing proprietary technologies tailored to local market needs, AeC ensures agility, cost efficiency, and high-impact service delivery.

Innovation remains central to AeC’s approach. Its suite of AI-driven solutions, including the TeIA platform and AI copilot capabilities, addresses the full spectrum of customer experience management needs, offering enhanced security, real-time fraud prevention, and intelligent automation. These capabilities empower organizations to improve operational efficiency while maintaining a strong human-centric approach to customer engagement. “AeC has emerged as the more solid and consistent market participant in this environment. While many competitors struggled with market contraction and operational inefficiencies, AeC tripled its revenue over four years and increased its market share year over year, from 6.2 percent in 2018 to 17.9 percent in 2024,” states Sebastian Menutti, Industry Director, Customer Experience at Frost & Sullivan.

AeC’s unwavering commitment to customer experience strengthens its position in the market. By combining advanced analytics with a human-centered delivery model, the company enhances agility, ensures cost efficiency, and consistently delivers high levels of customer satisfaction. Its ability to serve both traditional enterprises and digital-native companies—now representing a significant portion of its revenue—demonstrates its adaptability and market relevance.
“Receiving this recognition for the fifth consecutive year is a source of great pride and a clear signal of the consistency behind our journey. It highlights our belief that technology, when combined with human warmth, is what truly transforms customer experience at scale.” Said Raphael Duailibi, CEO at AeC.”

Frost & Sullivan commends AeC for setting a high standard in competitive strategy, execution, and market responsiveness. The company’s vision, innovation pipeline, and customer-first culture are shaping the future of customer experience management and driving tangible results at scale.

Each year, Frost & Sullivan presents the Company of the Year Recognition to a company that demonstrates outstanding strategy development and implementation, resulting in measurable improvements in market share, customer satisfaction, and competitive positioning. It recognizes forward-thinking organizations that are reshaping their industries through innovation and growth excellence.

Frost & Sullivan Best Practices Recognition

Frost & Sullivan’s Best Practices Recognitions honor companies across regional and global markets that exhibit exceptional achievement and consistent excellence in areas such as leadership, technological innovation, customer experience, and strategic product development. Each recognition is the result of a rigorous analytical process in which Frost & Sullivan industry experts benchmark performance through comprehensive interviews, deep-dive analysis, and extensive secondary research. The goal is to identify true best-in-class organizations that are driving transformative growth and setting new industry standards.

Contact us: Start the discussion.

Contact
comercial@aec.com.br 

Camila Tinajero
E: camila.tinajero@frost.com

About AeC

AeC is Brazil’s leading provider of customer experience (CX) and business process outsourcing (BPO) solutions, distinguished by its consistent growth, innovation, and customer-centric execution. With more than 56,000 employees and nearly 30 operating units across eight states, the company combines advanced technology with a uniquely human approach. AeC serves over 80 clients, including the ten largest contractors in the industry and leading brands across banking, telecommunications, fintech, and digital-native sectors. Recognized by Frost & Sullivan as Company of the Year for the fifth consecutive time, AeC has grown its revenue 3.5x over the past four years, underscoring its ability to translate innovation into sustained value creation for clients while expanding access to first-time employment and driving inclusive growth.