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Zuellig Pharma Reinforces Commitment to Japan through Its New Misato Depot, Advancing Clinical Logistics and Sourcing Excellence


MISATO, JAPAN – Media OutReach Newswire – 26 March 2026 – Zuellig Pharma today announced the successful relocation of its new clinical depot to Misato, strengthening its ability to deliver global quality standards with local operational agility and further strengthening its clinical supply capability across Asia Pacific. Japan remains one of the region’s preferred locations for clinical research, underpinned by its strong focus on medical advancement, rigorous ethical standards and commitment to healthcare.

Medical innovation across the region continues to accelerate, with China, India, Australia, Japan, South Korea, Taiwan and Singapore emerging as key pillars of Asia Pacific’s clinical trial ecosystem over the past five years[1]. Against this backdrop, the move in Japan reinforces Zuellig Pharma’s commitment to supporting sponsors and clients with reliable, compliant and seamless access to Japan – advancing its broader mission to make healthcare more accessible.

The new depot will bring together Zuellig Pharma’s established knowledge assets, operational excellence, and clinical logistics and sourcing expertise. Backed by a highly experienced and expert-led local team, the depot delivers precision project management tailored to Japan’s intricate regulatory and logistical requirements, while enabling smoother coordination for multi-market studies as the clinical landscape continues to evolve.

“As sponsors and clients increasingly run multi-market studies, they need clinical supply partners that can deliver consistency across borders while navigating local complexity,” said John Graham, Chief Executive Officer, Zuellig Pharma. “This relocated depot will strengthen access to Japan within our regional network, helping us execute with greater reliability, compliance, and speed across the region.”

The Misato clinical depot will also provide a streamlined, turnkey solution for global sponsors seeking rapid and compliant market entry into Japan. Sponsors will benefit from the same rigorous operational excellence, regulatory adherence, and service consistency delivered by Zuellig Pharma’s strategic network of clinical depots, without the overhead of building or managing costly standalone facilities. This milestone supports Zuellig Pharma’s ongoing efforts to accelerate clinical development and improve patient access to innovative therapies across Asia Pacific.

With this strategic move, Zuellig Pharma further strengthens its position as a trusted partner for global clinical development, combining scale, expertise, and agility whilst delivering high-quality, compliant clinical logistics and sourcing solutions across Asia Pacific.


[1] https://www.clinicaltrialsarena.com/features/apac-clinical-trials-beyond-china

Hashtag: #ZuelligPharma #ClinicalTrials #ClinicalResearch #Healthcare #Pharmaceuticals #ColdChain #Logistics


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

About Zuellig Pharma

Zuellig Pharma is a leading healthcare solutions company in Asia, and our purpose is to make healthcare more accessible to the communities we serve. We provide world-class distribution, commercialization, and clinical trial support services, underpinned by a strong culture of innovation to support the growing healthcare needs in this region. The company was founded a hundred years ago and has grown to become a multibillion-dollar business covering 18 markets with over 12,000 employees. Our people serve more than 200,000 medical facilities and work with over 450 clients, including the top 20 pharmaceutical companies in the world.

Contractor Confidence Rises Amid Strengthening Office Demand Across Asia Pacific

  • Contractor Sentiment Survey shows 70% of respondents expect improved market conditions in 2026
  • Office fit out costs diverge across the region with Japan and Taipei posting largest year-on-year increases while costs in Hong Kong held steady

HONG KONG SAR – Media OutReach Newswire – 26 March 2026 – Cushman & Wakefield’s Asia Pacific Office Fit Out Cost Guide 2026 highlights a clear shift in regional market dynamics, with sentiment strengthening and activity levels improving across several key markets. Contractor confidence has risen year-on-year, with 70% of the respondents to the firm’s annual Contractor Sentiment Survey anticipating improved conditions in 2026. This positive sentiment is further supported by the stronger‑than‑expected 92 million square feet of office absorption in 2025 and a tightening construction pipeline outside India.

Of the 180 survey respondents, nearly two thirds reported project backlogs of around six months, reflecting improving project delivery conditions across the region. While Japan and Indonesia remain outliers with longer backlogs, most markets expect stabilisation or slight improvement in delivery timelines in 2026. This alignment between contractor sentiment and strengthening occupier demand points to a more balanced and active project environment emerging across Asia Pacific.

Ranee Ng, Executive Director, Head of Project & Development Services, Hong Kong said: “As Hong Kong’s property market evolves, occupiers are seeking practical, scalable fit out strategies that deliver efficiency in high density environments. There is a clear shift toward flexible designs that can rapidly adapt to changing workforce behaviours and policy updates, while demand for sustainable materials, energy efficient construction and smart building technologies is accelerating innovation. These trends are creating a more resilient fit out ecosystem where disciplined cost management and value driven delivery allow clients to achieve compelling performance outcomes without sacrificing quality.”

Fit Out Cost Movements (YoY, 2025 → 2026)

The 2026 Guide reported a divergence in city level fit out costs (measured in USD per sq ft) across the region:

  • Costs rising: Japan and Taipei posted the largest year-on-year increases
    (Tokyo: USD 215 vs USD 195; Taipei: USD 145 vs USD 110)
  • Costs easing: Mainland China and South Korea saw declines
    (Shenzhen: USD 87 vs USD 94; Seoul: USD 130 vs USD 156)
  • Costs steady: Singapore (USD 140) and Hong Kong (USD 160) remained largely unchanged
  • Best value: India remains the region’s most cost competitive market, with most major cities ranging USD 65–73 per sq ft

These cost movements reflect evolving local construction dynamics and broader economic adjustments influencing material, labour and delivery markets across Asia Pacific.

APAC Office Market Dynamics

Even as office demand across APAC surged in 2025, Cushman & Wakefield also noted a substantial contraction in new office supply outside India. Development pipelines have moderated sharply due to rising construction costs and reduced project feasibility, intensifying competition for prime space. As supply tightens, vacancy rates in high quality buildings – particularly in core CBD locations – are expected to trend lower, reinforcing the ongoing flight to quality amongst occupiers.

Report author and Head of International Research, APAC & EMEA, Dr. Dominic Brown said: “After a resilient 2025, the Asia Pacific office market is now transitioning into a more stable phase, supported by a gradual return of business confidence. Coupled with the tightening supply pipeline outside India, which is reshaping the competitive landscape for high quality space, these collective shifts indicate a meaningful turning point for the region in 2026, with both occupiers and investors positioned for renewed momentum.”

Notes:

  1. Data and pricing benchmarks in the guide reflect market conditions as of December 2025. For insights on the Middle East conflict, please refer to Cushman & Wakefield’s Middle East Conflict: Implications for Energy, Inflation, and CRE.
  2. Cushman & Wakefield publishes Office Fit Out Cost Guides for APAC, EMEA and the Americas, which are all available [here].

Hashtag: #CushmanWakefield

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

About Cushman & Wakefield

Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for occupiers and investors with approximately 53,000 employees in over 350 offices and nearly 60 countries. In Greater China, a network of 23 offices serves local markets across the region. In 2025, the firm reported revenue of $10.3 billion across its core services of Valuation, Consulting, Project & Development Services, Capital Markets, Project & Occupier Services, Industrial & Logistics, Retail, and others. Built around the belief that Better never settles, the firm receives numerous industry and business accolades for its award-winning culture. For additional information, visit or follow us on LinkedIn ().

FOURTH CONSECUTIVE YEAR: TINECO RECOGNISED AS WORLD’S NO.1 HOUSEHOLD WET & DRY VACUUM CLEANER BRAND

Euromonitor International data shows that Tineco continues to lead the global floor care industry

SYDNEY, March 26, 2026 /PRNewswire/ — Tineco, a global leader in intelligent floorcare, today announced that Euromonitor International has recognised the company as the world’s No.1 household wet & dry vacuum cleaner brand for the fourth consecutive year*. This recognition from a leading independent provider of strategic market research reinforces Tineco’s continued leadership and momentum within the global smart home cleaning category.

Tineco ranks as the world’s No.1 wet & dry vacuum cleaner brand for the fourth consecutive year (Euromonitor International).
Tineco ranks as the world’s No.1 wet & dry vacuum cleaner brand for the fourth consecutive year (Euromonitor International).

Over the past several years, Tineco has played a defining role in transforming household wet & dry vacuum cleaners into an essential category for modern homes. By combining advanced technology with user-centric design, the brand has built a global community of over 24 million users worldwide** while continuing to expand its footprint across key international markets.

According to Euromonitor International, Tineco achieved a 35% global market share in 2025, maintaining its position as the world’s No.1 household wet & dry vacuum cleaner brand for four consecutive years. This milestone highlights the brand’s sustained growth, category leadership, and commitment to delivering high-performance, intelligently designed cleaning solutions trusted by millions of households worldwide.

Tineco’s innovation is reflected across its flagship product lineup, representing its core cleaning categories. The FLOOR ONE S9 Artist Series (S9 Artist Steam, S9 Artist Pro) exemplifies the brand’s leadership in smart wet & dry floor washing, delivering advanced sensing technology and premium design for hard floor care. Meanwhile, the Carpet One Cruiser, which has also been recognised in TIME’s “Best Inventions of 2025” list in the Household category, highlights Tineco’s continued expansion into deep carpet cleaning, offering targeted solutions for more demanding cleaning environments.

More recently, the latest Floor One S7 Stretch Series (S7 Stretch Steam and S7 Stretch) highlights Tineco’s commitment to delivering effective home cleaning solutions to suit various budgets. The S7 Stretch Steam has secured with two TÜV certifications: bacteria elimination and pet-friendly cleaning, highlighting Tineco’s ability to combine professional-level hygiene and value-for-money, versatile cleaning performance.

Together, Tineco’s product line-up demonstrates the brand’s commitment to providing comprehensive, high-performance solutions for every surface in the modern home.

“Being recognised as the world’s No.1 household wet & dry vacuum cleaner brand by Euromonitor International for the fourth consecutive year is a significant milestone for Tineco,” said Ling Leng, CEO of Tineco. “This achievement reflects our ongoing commitment to innovation and our mission to simplify everyday life through intelligent technology. As consumer expectations continue to evolve, we remain focused on developing solutions that deliver powerful performance, convenience, and a better overall cleaning experience.”

Since its founding in 1998, Tineco has evolved from a vacuum cleaner manufacturer into a global innovator across smart floorcare, kitchen, and personal care categories. The company introduced the world’s first smart vacuum in 2018 and the first smart wet & dry vacuum cleaner in 2019, helping to establish a new standard for connected home cleaning.

Tineco continues to push the category forward through ongoing product innovation, integrating intelligent features such as real-time sensing, automated performance adjustments, and streamlined maintenance systems. The brand’s expanding portfolio is designed to meet the needs of today’s consumers, offering efficient, high-quality solutions for a wide range of home environments.

Tineco products are available in over 10,000 retail locations worldwide. In Australia, Tineco products are available via leading retailers such as Harvey Norman, JB Hi-Fi, The Good Guys, Bing Lee and Costco in addition to online stores such as Amazon Australia, Big W Online, Retravision, Mobileciti, Tech Sales Online and Tineco’s official online store. The company continues to invest in global expansion and product development, with new innovations and category advancements planned for 2026.

To learn more about Tineco and its portfolio of intelligent appliances, please visit https://au.tineco.com/.

*Source: Euromonitor International (Shanghai) Co., Ltd.; measured in terms of the brand’s global retail sales volume (in units) of household wet & dry vacuum cleaners in 2022, 2023, 2024, and 2025. Household wet & dry vacuum cleaners are defined as household cleaners that dispense clean water (or cleaning solution) to wash hard floors and vacuum the dirty water and debris thereafter. Based on research completed in March 2026.

 **Data from Tineco’s official net sales records (Jan. 2020 –March 2026). Tineco has final interpretation rights.

About Tineco

Tineco (“tin-co”) was founded in 1998 with its first product launch as a vacuum cleaner and, in 2019, pioneered the first-ever smart vacuum. Today, the brand has evolved into a global leader in intelligent appliances spanning floor care, kitchen, and personal care categories. With a growing user base of over 24 million households and availability in approximately 30 countries worldwide, Tineco remains committed to its vision of making life easier through smart technology and continuous innovation. For more information, visit us.tineco.com.

The New Bedtime Conversation: Why “Calm” Is Becoming the Missing Link in Children’s Sleep

SYDNEY, March 26, 2026 /PRNewswire/ — As modern childhood becomes increasingly fast-paced, from packed schedules to increased screen exposure, award-winning sleep wellness brand Woven Woven is addressing a quiet but rising concern regarding children’s sleep wellbeing.

Sleep plays a critical role in a child’s emotional wellbeing, behaviour, and cognitive development. Yet according to the Centers for Disease Control and Prevention, up to one in three children in the United States may not be getting sufficient sleep on a regular basis [1]. At the same time, research supported by the National Institutes of Health suggests that insufficient sleep may affect areas of the brain linked to attention, memory, and emotional regulation [2].

According to paediatric sleep psychologist Dr. Lynelle Schneeberg, children often need support in learning how to wind down and transition into sleep, particularly in environments with high levels of stimulation. However, many children reach bedtime “tired but wired”—a result of moving from one activity to another without enough time to slow down, where stimulation is constant and transitions are often rushed.

Children who appear exhausted often struggle to settle, leaving parents questioning routines, schedules, and everything in between. Increasingly, however, the conversation is shifting away from discipline and strict routines, focusing instead on how calm a child feels at the end of the day.

Why Calm Is Becoming the Focus

Sleep is something the body allows when it feels safe and settled. This shift in narrative has led to a more holistic view of bedtime—one that prioritises regulation before sleep.

Woven Woven Kids Weighted Blanket
Woven Woven Kids Weighted Blanket

“If a child’s nervous system is still activated, even the best routine can struggle to work,” explains Joey Chang, sleep wellness advocate and founder of Woven Woven.

This echoes the growing interest in sensory-based approaches that support relaxation. Experts in sensory processing, like Dr. Temple Grandin, have long highlighted the role of deep pressure in helping to reduce anxiety and promote a calmer physiological state. As a result, families are beginning to focus less on enforcing sleep and more on creating the conditions that support it.

The Rise of Sensory-Based Bedtime Rituals

One approach gaining attention is the use of sensory inputs that gently signal the body to slow down. This includes methods grounded in Deep Pressure Stimulation—a technique involving gentle, evenly distributed pressure.

Research published in the American Journal of Occupational Therapy found that deep pressure can help reduce physiological arousal and support a calmer state in children with sensory sensitivities [3]. In everyday practice, this has translated into simple, calming rituals—from quiet tactile play to the growing use of weighted blankets as part of a child’s wind-down routine.

While no single approach works for every child, emerging research offers insight into how sensory-based tools may support sleep. A study published in the Journal of Clinical Sleep Medicine found that children using weighted blankets showed improvements in settling and reduced restlessness, with many expressing a clear preference for the blanket [4]. More recent findings in Sleep Medicine reported improvements in sleep duration and fewer night awakenings among children with attention-related challenges [5].

“Bedtime behaviour is often a signal, not a problem,” says Chang. “We believe that children don’t need to be pushed into sleep. They need to be supported into a state where sleep can happen naturally.”

Experts emphasise that these tools are most effective when used as part of a broader, supportive approach to sleep. Families are embracing more intentional evenings by:

  • Creating slower transitions into bedtime
  • Reducing stimulation from screens and bright lighting
  • Incorporating breathing, storytelling, or quiet connection time
  • Focusing on emotional calm, not just routine

Research into mindfulness-based approaches has also shown improvements in sleep quality and emotional regulation in children [6].

About Woven Woven

This evolving, evidence-based perspective is driving innovation within the sleep wellness space. Woven Woven was founded by Joey Chang out of a personal need to help her daughter settle at night. The brand has since gained international recognition, including being named Best Cooling Weighted Blanket for Kids by Forbes Vetted 2025, and named a “Best in Class” pick in The Strategist’s 8 Very Best Weighted Blankets for its Certified Organic Cotton Kids Weighted Blanket.

For more information about Woven Woven and their award-winning approach to children’s sleep wellness, visit their website or social accounts on Instagram and TikTok.

-ENDS-

REFERENCES

  • [1] Centers for Disease Control and Prevention — National Survey of Children’s Health
  • [2] National Institutes of Health — The Lancet Child & Adolescent Health, 2022
  • [3] Gee, B. M., et al. (2016) — American Journal of Occupational Therapy
  • [4] Gringras, P., et al. (2014) — Journal of Clinical Sleep Medicine
  • [5] Ekholm, B., et al. (2023) — Sleep Medicine
  • [6] Journal of Child and Family Studies (2025) — “Do Group Mindfulness-Based Interventions Improve Emotion Regulation in Children? A Systematic Review”

Health In Tech Announces $7.0 Million Private Placement

STUART, Fla., March 26, 2026 /PRNewswire/ — Health In Tech, Inc. (Nasdaq: HIT) (“Health In Tech” or the “Company”), an AI-enabled InsurTech platform company, today announced that it has entered into a securities purchase agreement for a private investment in public equity financing (the “PIPE”) that is expected to result in gross proceeds of approximately $7.0 million before deducting placement agent fees and offering expenses. The PIPE is expected to close on or about March 27, 2026, subject to the satisfaction of customary closing conditions.

Pursuant to the terms of the securities purchase agreement, at the closing of the PIPE, Health In Tech will issue an aggregate of 5,600,000 shares of Class A common stock at a price of $1.25 per share.

Craig-Hallum Capital Group LLC acted as the sole placement agent for the PIPE.

The Company intends to use the net proceeds from the PIPE to expand sales distribution, advance technology development, support new product development, and for general corporate purposes and working capital.

The securities described above are being offered in a private placement under Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”), and/or Regulation D promulgated thereunder, and have not been registered under the Securities Act or applicable state securities laws. Accordingly, the securities issued in the PIPE may not be offered or sold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Securities Act and such applicable state securities laws. Pursuant to a registration rights agreement with the PIPE investors, the Company has agreed to file a resale registration statement with the Securities and Exchange Commission registering the resale of the shares of Class A common stock described above.

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

Use of Forward-Looking Statements

Certain statements in this press release are forward-looking statements for purposes of the safe harbor provisions under the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements may include estimates or expectations about Health In Tech’s possible or assumed operational results, financial condition, business strategies and plans, market opportunities, competitive position, industry environment, and potential growth opportunities. In some cases, forward-looking statements can be identified by terms such as “may,” “will,” “should,” “design,” “target,” “aim,” “hope,” “expect,” “could,” “intend,” “plan,” “anticipate,” “estimate,” “believe,” “continue,” “predict,” “project,” “potential,” “goal,” or other words that convey the uncertainty of future events or outcomes. These statements relate to future events or to Health In Tech’s future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause Health In Tech’s actual results, levels of activity, performance, or achievements to be different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond Health In Tech’s control and which could, and likely will, affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects Health In Tech’s current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to Health In Tech’s operations, results of operations, growth strategy and liquidity. Health In Tech undertakes no obligation to update any forward-looking statements, except as required by law.

About Health In Tech 

Health In Tech, Inc. (Nasdaq: “HIT”) is an AI-enabled InsurTech platform company, which offers a marketplace that improves processes in the health insurance industry through vertical integration, process simplification, and automation. By removing friction and complexities, we streamline the underwriting, sales and service process for insurance companies, licensed brokers, Managing General Underwriter (MGUs) and third-party administrators (“TPAs”). Health In Tech’s platform serves as a marketplace for brokers, TPAs, MGUs and carriers to access self-funded health insurance for employers, providing functions including customized self-funded health plans, bindable stop-loss quotes, AI-enabled underwriting, claims administration and reporting integration.

Investor Contact:

Health In Tech Investor Relations
ir@healthintech.com

The Equity Group   
Kalle Ahl, CFA                   
T: (303) 953-9878  
kahl@theequitygroup.com

Devin Sullivan, Managing Director
dsullivan@theequitygroup.com

BORICA Reveals How Bulgaria Executed Euro Payments Cutover at National Scale in Partnership with OpenWay

SOFIA, Bulgaria, March 26, 2026 /PRNewswire/ — BORICA AD, Bulgaria’s national card and payment infrastructure operator, has published a new case study detailing how the country executed its transition to the euro on 1 January 2026 as a coordinated, national-scale payments infrastructure transformation, supported by technology partners including OpenWay.

BORICA Reveals How Bulgaria Executed Euro Payments Cutover at a National Scale
BORICA Reveals How Bulgaria Executed Euro Payments Cutover at a National Scale

BORICA’s case study provides the first comprehensive look at how the transition was delivered operationally – highlighting the systems, governance model, and ecosystem coordination required to ensure payments worked seamlessly from the first minute of euro adoption. For C-level executives at national payment companies, banks, processors, fintechs, and regional or global wallet providers, the report is a practical reference for managing high-risk, real-time infrastructure transformations, including how to maintain operational continuity, coordinate large ecosystems, and execute controlled cutovers under live transaction load.

According to the report, BORICA’s infrastructure processed more than 930,000 card and ATM transactions worth nearly €42 million within the first 48 hours, with zero unplanned downtime. The first successful euro ATM withdrawal was recorded just 20 seconds after midnight, followed by card and digital payment transactions within minutes.

Miroslav Vichev, CEO at BORICA, comments: “The euro transition was not only a currency cutover. It was a live, national-scale infrastructure transformation that required precise coordination across the payments ecosystem, with synchronized changes involving more than 35 banks, payment service providers, fintechs, government institutions, and technology partners. Our objective was to ensure that payments worked seamlessly from the first minute of euro adoption, across every channel. This case study captures the operational model behind that outcome.”

The most critical phase was a planned three-hour cutover of the national card infrastructure. During this window, issuing and acquiring systems, POS and ATM devices, and international scheme integrations were updated simultaneously to support euro-denominated transactions.

The case study also highlights the role of technology partners in supporting the transition. OpenWay’s Way4 payment processing platform underpinned BORICA’s card issuing, acceptance and payment processing operations, enabling controlled euro migration while maintaining transaction traceability, reconciliation integrity, and operational stability under real-time load.

Beyond core payments, the report shows that value-added services—including blink instant payments, B-Trust digital identity, SoftPOS solutions, and e-voucher platforms – remained fully operational during the transition, demonstrating the resilience of Bulgaria’s broader payment ecosystem.

The transition was supported by regulatory changes, including amendments to Bulgaria’s Payment Services and Payment Systems Act (PSPSA), enabling integration with the Eurosystem’s infrastructure. BORICA now operates as an ancillary system within TARGET and is connected to TARGET Instant Payment Settlement (TIPS), allowing Bulgarian banks to offer instant euro transfers across SEPA.

BORICA states that the case study is intended to serve as a reference model for other markets preparing large-scale payment infrastructure transitions, particularly those approaching euro adoption or similar high-risk cutovers.

The full case study, “Bulgaria’s Euro Day One: How BORICA Orchestrated a National Payments Cutover at Scale,” is available at: BORICA Reveals How Bulgaria Executed Euro Payments Cutover at a National Scale | BORICA AD

Additional context on Bulgaria’s euro adoption and regulatory framework can be found via the European Central Bank and the Bulgarian National Bank:
https://www.ecb.europa.eu/press/pr/date/2026/html/ecb.pr260101~c830245e42.en.html

About BORICA AD

BORICA AD operates Bulgaria’s national card and payment infrastructure, providing services including card processing, instant payments, digital identity (B-Trust), and fraud prevention solutions to financial institutions and public-sector organizations. Website: www.borica.bg

About OpenWay

OpenWay provides software for leading payment ecosystem players. Its Way4 platform supports issuing, acquiring, wallets, and processing with always-on availability and traceability.

 

Bulletin from the Annual General Meeting of AB Electrolux

The Annual General Meeting of AB Electrolux was held in Stockholm on March 25, 2026.

STOCKHOLM, March 26, 2026 /PRNewswire/ — Shareholders and others had the opportunity to follow the Annual General Meeting live via Electrolux Group’s website. A recording from the Annual General Meeting of the reflections by President and CEO, Yannick Fierling, on the past year and the strategy going forward will be available on Electrolux Group’s website, www.electroluxgroup.com/agm2026.

The Company’s Income Statement and Balance Sheet and the Consolidated Income Statement and Balance Sheet for Electrolux Group were adopted. The Board of Directors and the President and CEO were discharged from liability for the fiscal year 2025. In accordance with the Board’s proposal, the Annual General Meeting resolved to not distribute any dividend for the fiscal year 2025 and that available funds will be carried forward in the new accounts.

The Annual General Meeting adopted remuneration to the Board in accordance with the Nomination Committee’s proposal.

Yannick Fierling, Geert Follens, Petra Hedengran, Ulla Litzén, Torbjörn Lööf, Daniel Nodhäll, Karin Overbeck and Michael Rauterkus were re-elected as Directors of the Board, and Lena Glader and Anko van der Werff were elected as new Directors of the Board, for the period until the end of the Annual General Meeting 2027. Torbjörn Lööf was re-elected as Chair of the Board of Directors.

Öhrlings PricewaterhouseCoopers AB was re-elected as auditor for the period until the end of the Annual General Meeting 2027 and fee to the auditor will be paid as incurred.

The Board of Director’s Remuneration Report for the financial year 2025 was approved.

The Annual General Meeting authorized the Board of Directors to resolve to transfer own shares on account of company acquisitions and to cover costs that may arise as a result of the previously adopted share program 2024. These authorizations are effective during the period until the Annual General Meeting 2027.

The Board’s proposal for a performance based, long-term share program for 2026 was approved. Furthermore, the Annual General Meeting resolved that the company’s expected financial exposure of the program shall be hedged by the company entering into an equity swap agreement with a third party.

Full details on the proposals adopted by the Annual General Meeting are available at Electrolux Group’s website, www.electroluxgroup.com/agm2026.

CONTACT:

For more information:

Ann-Sofi Jönsson, Head of Investor Relations & Sustainability Reporting, +46 73 035 1005

Maria Åkerhielm, Investor Relations Manager, +46 70 796 3856

Henry Sjölin, Investor Relations Manager, +46 76 863 51 85

Electrolux Group Press Hotline, +46 8 657 65 07

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

https://news.cision.com/electrolux-group/r/bulletin-from-the-annual-general-meeting-of-ab-electrolux,c4326839

The following files are available for download:

https://mb.cision.com/Main/1853/4326839/4006286.pdf

Bulletin from AB Electrolux AGM 2026 Eng – 2026-03-25

X Financial Reports Fourth Quarter and Fiscal Year 2025 Unaudited Financial Results

SHENZHEN, China, March 26, 2026 /PRNewswire/ — X Financial (NYSE: XYF), a leading Chinese fintech platform, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2025. This press release should be read in conjunction with the Company’s Report on Form 6-K for the fourth quarter and fiscal year ended December 31, 2025, which has been furnished to the U.S. Securities and Exchange Commission and is available on the SEC’s website at www.sec.gov and on the Company’s investor relations website at http://ir.xiaoyinggroup.com.

Fourth Quarter and Fiscal Year 2025 Financial Highlights

  • Total net revenue in Q4 2025 was RMB1,467.8 million (US$209.9 million), a decrease of 14.1% year-over-year and 25.1% quarter-over-quarter. For fiscal year 2025, total net revenue was RMB7,639.4 million (US$1,092.4 million), an increase of 30.1% from 2024.
  • Total loan amount facilitated and originated[1] in Q4 2025 was RMB22,768 million, down 29.5% year-over-year and 32.3% quarter-over-quarter. For fiscal year 2025, total loan amount facilitated and originated was RMB130,552 million, an increase of 24.5% from RMB104,889 million in fiscal year 2024.
  • Net income in Q4 2025 was RMB57.2 million (US$8.2 million), a decrease of 85.2% year-over-year, driven by higher credit-related provisions and lower loan facilitation revenue. For fiscal year 2025, net income was RMB1,464.6 million (US$209.4 million), compared with RMB1,539.9 million in 2024.
  • Delinquency rates for loans 31–60 days past due increased to 2.90% (from 1.17% a year ago); loans 91–180 days past due increased to 6.31% (from 2.48% a year ago), reflecting deteriorating asset quality and the Company’s adoption of more conservative provisioning.

Mr. Kent Li, President of X Financial, commented: “In the fourth quarter of 2025, we facilitated and originated RMB22.8 billion in loans, a decline of 32.3% from the prior quarter and 29.5% year-over-year. Borrower activity moderated further, with active borrowers declining to approximately 1.69 million, down 20.2% from a year ago, reflecting the Company’s deliberate focus on higher-quality origination and tighter credit standards across our core channels. Asset quality came under increased pressure, with the 31–60 day delinquency rate rising to 2.90% and the 91–180 day delinquency rate increasing to 6.31%. These trends reflected continued stress in certain borrower segments and a more conservative industry-wide risk posture. In response, we have strengthened our risk management framework, enhanced collection strategies, and adjusted capital deployment to preserve balance sheet resilience. While profitability was significantly impacted by higher provisions and narrower margins, we believe these actions position the Company for more stable performance over the medium term. Looking ahead, we remain focused on asset quality, disciplined growth, and maintaining strong liquidity to navigate ongoing market uncertainty.”

Mr. Frank Fuya Zheng, Chief Financial Officer of X Financial, added: “In the fourth quarter of 2025, total net revenue was RMB1.47 billion, a decrease of 14.1% from the same period last year and 25.1% sequentially. Net income was RMB57.2 million and non-GAAP adjusted net income was RMB61.3 million, both significantly lower than the prior quarter, primarily due to substantially higher provisions and lower loan facilitation revenue amid reduced origination volumes. Basic earnings per ADS were RMB1.44, and non-GAAP adjusted earnings per ADS were RMB1.56, both lower than the prior quarter, reflecting the impact of elevated credit costs during the period. Operating margin declined to 1.4%, compared with 18.5% in the prior quarter and 30.7% in the same period last year, mainly driven by higher provisioning and reduced contribution from higher-margin facilitation services. We will continue to manage capital conservatively, strengthen our balance sheet, and maintain cost discipline to support business resilience amid an evolving regulatory and operating landscape.”

Fourth Quarter 2025 GAAP and Non-GAAP Financial Summary

(In thousands, except for share and per share data)

Three Months Ended
December 31, 2024

Three Months Ended
September 30, 2025

Three Months Ended
December 31, 2025

QoQ

YoY

 RMB

 RMB

 RMB

Total net revenue

1,708,722

1,960,954

1,467,843

(25.1 %)

(14.1 %)

Total operating costs and expenses

(1,183,510)

(1,599,021)

(1,447,660)

(9.5 %)

22.3 %

Income from operations

525,212

361,933

20,183

(94.4 %)

(96.2 %)

Net income

385,626

421,241

57,167

(86.4 %)

(85.2 %)

Non-GAAP adjusted net income

408,022

438,178

61,320

(86.0 %)

(85.0 %)

Net income per ADS—basic

8.22

10.56

1.44

(86.4 %)

(82.5 %)

Net income per ADS—diluted

8.04

10.08

1.44

(85.7 %)

(82.1 %)

Non-GAAP adjusted net income per ADS—basic

8.70

11.04

1.56

(85.9 %)

(82.1 %)

Non-GAAP adjusted net income per ADS—diluted

8.46

10.44

1.56

(85.1 %)

(81.6 %)

 

Business Outlook & Capital Return

  • Business Outlook: Given the limited visibility at the start of the year and evolving market conditions, X Financial expects the total loan amount facilitated and originated in the first quarter of 2026 to be in the range of RMB 14.5 billion to RMB 15.5 billion. This outlook reflects management’s cautious approach amid ongoing macroeconomic and regulatory uncertainty, with continued emphasis on asset quality, disciplined risk management, and sustainable profitability. The forecast represents the Company’s current preliminary view and remains subject to change as the year progresses.
  • Capital Return to Shareholders: As of March 15, 2026, under the Company’s US$100 million share repurchase program, the Company had repurchased an aggregate of approximately 3.79 million ADSs, including approximately 3.37 million ADSs and 2.53 million Class A ordinary shares, for a total consideration of approximately US$53.85 million. The Company now has approximately US$46.15 million remaining under the share repurchase program, which is effective through November 30, 2026. This program underscores the Company’s confidence in its long-term growth outlook and its commitment to enhancing shareholder value. Repurchases under the program remain subject to market conditions and other factors and may be modified or suspended at management’s discretion.
  • Declaration of Semi-Annual Dividend: Pursuant to the semi-annual dividend policy, the Board today approved the declaration and payment of a semi-annual dividend of US$0.28 per ADS (approximately US$0.0467 per ordinary share). The holders of the Company’s ordinary shares shown on the Company’s record at the close of trading on April 30, 2026 (U.S. Eastern Daylight Time) will be entitled to the semi-annual dividend. These shareholders, including the Bank of New York Mellon, the depositary of our ADS program (the “Depositary”), will receive the payments of dividends on or about May 20, 2026. Dividends to the Company’s ADS holders will be paid by the Depositary after May 20, 2026, and the precise timing of receipt will vary based on the processing efficiency of the respective holding brokerage.

Regulatory Update

The regulatory environment governing internet-based lending in the People’s Republic of China continued to evolve during fiscal year 2025, with authorities increasingly refining and strengthening oversight across the entire consumer credit business chain.

The most significant development during the period was Notice 9, issued by the National Financial Regulatory Administration on April 1, 2025, which requires commercial banks to strictly control total borrowing costs. Although Notice 9 does not explicitly stipulate a cap of not exceeding 24% per annum, in practice, a 24% per annum cap on total borrowing cost for a single loan is generally implemented and enforced.

Importantly, 24% per annum may not represent the outer boundary of pricing pressure. During the period, regulatory authorities continued to tighten total borrowing cost caps applicable to microcredit companies and consumer finance companies, and such entities may face de facto requirements set at levels below 24%. The extent to which such requirements may fall below 24%, and the pace and manner of their implementation across different institution types and jurisdictions, remain highly uncertain. The Company currently has no reliable basis upon which to predict the ultimate scope, stringency, or trajectory of applicable borrowing cost limitations. The Company expects that, if current and emerging regulatory requirements are implemented as currently understood, its operating results will be adversely and materially affected relative to those achieved in prior fiscal years. The magnitude of such impact is subject to significant uncertainty; however, investors should not assume that the Company’s historical levels of profitability are indicative of future performance, and the possibility of operating losses in future periods cannot be excluded.

Notice 9 also requires commercial bank head offices to implement whitelist management systems for loan facilitation platform operators, prohibiting cooperation with institutions not included on such lists. The implementation of whitelist requirements has introduced additional uncertainty with respect to the Company’s funding relationships. By way of illustration only, current practices regarding whitelist administration vary across banking groups and their respective subsidiaries, and it is possible that future regulatory guidance could alter the level at which such determinations are made in ways that may affect the Company’s authorized funding relationships. This example is indicative of the broader unpredictability of the regulatory environment, and numerous other aspects of implementation remain similarly subject to change without notice or predictability.

Separately, payment institution rating measures issued by the People’s Bank of China in December 2025 extend regulatory oversight further across the lending chain, increasing overall compliance burdens and operational costs for industry participants.

The Company is closely monitoring these developments as they continue to evolve into 2026. Management currently has limited visibility into the ultimate scope, pace, and direction of implementation, and the potential impact of these regulatory changes on the Company’s business, financial condition, and results of operations cannot be determined with any degree of certainty at this time.

Conference Call

X Financial’s management team will host an earnings conference call at 8:30 AM U.S. Eastern Time on March 26, 2026 (8:30 PM Beijing / Hong Kong Time on March 26, 2026).

Dial-in details for the earnings conference call are as follows:

United States:

1-888-346-8982

Hong Kong:

800-905945

Mainland China:

4001-201203

International:

1-412-902-4272

Passcode:

X Financial

Please dial in ten minutes before the call is scheduled to begin and provide the passcode to join the call.  A replay of the conference call may be accessed by phone at the following numbers until April 2, 2026:

United States:

1-855-669-9658

International:

1-412-317-0088

Passcode:

7562117

 Additional Information

This press release contains highlights only. For the Company’s complete financial results and management’s discussion and analysis for the fourth quarter and fiscal year ended December 31, 2025, please refer to the Form 6-K filed with the U.S. Securities and Exchange Commission on March 25, 2026.

About X Financial

X Financial (NYSE: XYF) (the “Company”) is a leading Chinese fintech platform. The Company is committed to connecting borrowers on its platform with its institutional funding partners. With its proprietary big data-driven technology, the Company has established strategic partnerships with financial institutions across multiple areas of its business operations, enabling it to facilitate and originate loans to prime borrowers under a risk assessment and control system.

For more information, please visit http://ir.xiaoyinggroup.com.

Use of Non-GAAP Financial Measures

In evaluating our business, we consider and use non-GAAP measures as supplemental measures to review and assess our operating performance. We present the non-GAAP financial measures because they are used by our management to evaluate our operating performance and formulate business plans. We believe that the use of the non-GAAP financial measures facilitates investors’ assessment of our operating performance and help investors to identify underlying trends in our business that could otherwise be distorted by the effect of certain income or expenses that we include in income (loss) from operations and net income (loss). We also believe that the non-GAAP measures provide useful information about our core operating results, enhance the overall understanding of our past performance and future prospects and allow for greater visibility with respect to key metrics used by our management in its financial and operational decision-making.

We use in this press release the following non-GAAP financial measures: (i) adjusted net income (loss), (ii) adjusted net income (loss) per basic ADS, (iii) adjusted net income (loss) per diluted ADS, (iv) adjusted net income (loss) per basic share, and (v) adjusted net income (loss) per diluted share, each of which excludes share-based compensation expense, impairment losses on financial investments, income (loss) from financial investments, gain (loss) from financial investments at equity method and impairment losses on long-term investments. These non-GAAP financial measures have limitations as analytical tools, and when assessing our operating performance, investors should not consider them in isolation, or as a substitute for the financial information prepared and presented in accordance with U.S. GAAP.

We mitigate these limitations by reconciling the non-GAAP financial measures to the most directly comparable U.S. GAAP financial measures, which should be considered when evaluating our performance. We encourage you to review our financial information in its entirety and not rely on a single financial measure.

For more information on these non-GAAP financial measures, please see the table captioned “Unaudited Reconciliations of GAAP and Non-GAAP results” set forth at the end of this press release.

Exchange Rate Information

This press release contains translations of certain RMB amounts into U.S. dollars at specified rates solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to U.S. dollars are made at a rate of RMB6.9931 to US$1.00, the exchange rate in effect as of December 31, 2025, as published in the Federal Reserve Board’s H.10 statistical release. Percentages stated in this release are calculated based on the RMB amounts.

Disclaimer

Safe Harbor Statement

This announcement contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “potential,” “continue,” “ongoing,” “targets,” “guidance” and similar statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Any statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements that involve factors, risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such factors and risks include, but not limited to the following: the Company’s goals and strategies; its future business development, financial condition and results of operations; the expected growth of the credit industry, and marketplace lending in particular, in China; the demand for and market acceptance of its marketplace’s products and services; its ability to attract and retain borrowers and investors on its marketplace; its relationships with its strategic cooperation partners; competition in its industry; and relevant government policies and regulations relating to the corporate structure, business and industry. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the SEC. All information provided in this announcement is current as of the date of this announcement, and the Company does not undertake any obligation to update such information, except as required under applicable law.

Use of Projections

This announcement also contains certain financial forecasts (or guidance) with respect to the Company’s projected financial results. The Company’s independent auditors have not audited, reviewed, compiled or performed any procedures with respect to the projections or guidance for the purpose of their inclusion in this announcement, and accordingly, they did not express an opinion or provide any other form assurance with respect thereto for the purpose of this announcement. This guidance should not be relied upon as being necessarily indicative of future results. The assumptions and estimates underlying the prospective financial information are inherently uncertain and are subject to a wide variety of significant business, economic and competitive risks and uncertainties that could cause actual results to differ materially from those contained in the prospective financial information. Accordingly, there can be no assurance that the prospective results are indicative of the future performance of the Company, or that actual results will not differ materially from those set forth in the prospective financial information. Inclusion of the prospective financial information in this announcement should not be regarded as a representation by any person that the results contained in the prospective financial information will actually be achieved. You should review this information together with the Company’s historical information.

[1] Represents the total amount of loans that the Company facilitated and originated during the relevant period.

 

X Financial

Unaudited Condensed Consolidated Balance Sheets

(In thousands, except for share and per share data)

As of December 31, 2024

As of December 31, 2025

As of December 31, 2025

 RMB 

RMB

USD

 ASSETS 

 Cash and cash equivalents 

984,611

987,631

141,229

 Restricted cash, net 

676,793

1,145,962

163,870

 Accounts receivable and contract assets, net 

2,029,550

3,145,976

449,869

 Loans receivable from Credit Loans and other loans, net 

4,828,317

5,298,631

757,694

 Deposits to institutional cooperators, net 

1,958,297

1,713,593

245,041

 Prepaid expenses and other current assets 

34,079

43,547

6,227

 Financial guarantee derivative 

1,038

 Deferred tax assets, net 

197,713

455,358

65,115

 Long term investments 

498,038

515,524

73,719

 Property and equipment, net 

15,833

23,900

3,418

 Intangible assets, net 

36,592

39,183

5,603

 Financial investments 

513,476

1,243,076

177,758

 Other non-current assets 

44,951

53,364

7,631

 TOTAL ASSETS 

11,819,288

14,665,745

2,097,174

 LIABILITIES 

 Payable to investors and institutional funding partners at amortized cost 

2,184,086

3,054,982

436,856

 Contingent guarantee liabilities 

187,641

748,307

107,006

 Deferred guarantee income 

164,725

467,629

66,870

 Financial guarantee derivative 

15,426

2,206

 Short-term borrowings 

328,500

409,530

58,562

 Accrued payroll and welfare 

94,717

76,058

10,876

 Other tax payable 

279,993

221,940

31,739

 Income tax payable 

591,491

677,521

96,884

 Accrued expenses and other current liabilities 

941,506

1,053,071

150,587

 Other non-current liabilities 

27,516

34,807

4,977

 Deferred tax liabilities 

65,959

69,673

9,963

 TOTAL LIABILITIES 

4,866,134

6,828,944

976,526

 Commitments and Contingencies 

 Equity: 

 Common shares (250,678,439 and 234,517,901 shares outstanding
as of December 31, 2024 and 2025, respectively) 

207

207

30

 Treasury stock   

(509,644)

(967,773)

(138,390)

 Additional paid-in capital 

3,207,028

3,256,349

465,652

 Retained earnings 

4,174,511

5,484,294

784,244

 Other comprehensive income 

81,052

63,724

9,112

 TOTAL EQUITY 

6,953,154

7,836,801

1,120,648

 TOTAL LIABILITIES AND EQUITY 

11,819,288

14,665,745

2,097,174

 

 

X Financial

 Unaudited Condensed Consolidated Statements of Comprehensive Income 

 Three Months Ended December 31, 

 Twelve Months Ended December 31, 

(In thousands, except for share and per share data)

2024

2025

2025

2024

2025

2025

 RMB 

 RMB 

 USD 

 RMB 

 RMB 

 USD 

Net revenues

Loan facilitation service

877,664

440,669

63,015

3,102,345

3,843,005

549,542

Post-origination service

266,018

249,251

35,642

759,539

1,074,454

153,645

Financing income

350,599

393,987

56,339

1,372,004

1,396,976

199,765

Guarantee income

69,649

263,245

37,644

201,716

636,572

91,030

Other revenue

144,792

120,691

17,259

436,178

688,418

98,442

Total net revenue

1,708,722

1,467,843

209,899

5,871,782

7,639,425

1,092,424

Operating costs and expenses:

Origination and servicing

438,975

505,378

72,268

1,738,139

2,020,546

288,934

Borrower acquisitions and marketing

503,704

212,165

30,339

1,582,472

2,202,375

314,935

General and administrative

48,886

46,158

6,601

175,934

199,559

28,537

Provision for accounts receivable and contract assets

13,262

139,609

19,964

35,732

242,719

34,708

Provision for loans receivable

64,289

132,624

18,965

221,658

340,209

48,649

Provision for contingent guarantee liabilities

116,103

398,052

56,921

241,738

1,001,273

143,180

Change in fair value of financial guarantee derivative

(1,038)

14,704

2,103

(1,038)

3,367

481

(Reversal of) provision for credit losses for deposits and other financial assets

(671)

(1,030)

(147)

3,378

(702)

(100)

Total operating costs and expenses

1,183,510

1,447,660

207,014

3,998,013

6,009,346

859,324

Income from operations

525,212

20,183

2,885

1,873,769

1,630,079

233,100

Interest income (expenses), net

4,338

4,446

636

(560)

10,659

1,524

Foreign exchange (loss) gain 

(6,183)

2,102

301

(9,533)

(8,539)

(1,221)

Income (loss) from financial investments

13,396

(513)

(73)

17,134

(14,456)

(2,067)

Other income, net

4,084

5,029

719

13,521

132,250

18,911

Income before income taxes

540,847

31,247

4,468

1,894,331

1,749,993

250,247

Income tax (expense) benefit

(150,778)

15,849

2,266

(405,702)

(291,650)

(41,705)

Gain from equity in affiliates, net of tax

4,587

4,740

678

10,159

25,716

3,677

(Loss) gain from financial investments at equity method, net of tax

(9,030)

5,331

762

41,118

(19,506)

(2,789)

Net income

385,626

57,167

8,174

1,539,906

1,464,553

209,430

Less: net income attributable to non-controlling interests

Net income attributable to X Financial shareholders

385,626

57,167

8,174

1,539,906

1,464,553

209,430

Net income 

385,626

57,167

8,174

1,539,906

1,464,553

209,430

Other comprehensive income, net of tax of nil:

Gain (loss) from equity in affiliates

105

(30)

(4)

(314)

148

21

(Loss) income from financial investments

(5,807)

3,966

567

293

3,198

457

Foreign currency translation adjustments

19,186

(9,336)

(1,335)

11,596

(20,674)

(2,956)

Comprehensive income

399,110

51,767

7,402

1,551,481

1,447,225

206,952

Less: comprehensive income attributable to non-controlling interests

Comprehensive income attributable to X Financial shareholders

399,110

51,767

7,402

1,551,481

1,447,225

206,952

Net income per share—basic

1.37

0.24

0.03

5.33

6.00

0.86

Net income per share—diluted 

1.34

0.24

0.03

5.25

5.87

0.84

Net income per ADS—basic

8.22

1.44

0.21

31.98

36.00

5.15

Net income per ADS—diluted 

8.04

1.44

0.21

31.50

35.22

5.04

Weighted average number of ordinary shares outstanding—basic

281,823,659

233,525,027

233,525,027

288,828,371

243,975,946

243,975,946

Weighted average number of ordinary shares outstanding—diluted

288,542,180

238,285,537

238,285,537

293,354,671

249,489,203

249,489,203

 

 

X Financial

Unaudited Reconciliations of GAAP and Non-GAAP Results

Three Months Ended December 31,

Twelve Months Ended December 31,

(In thousands, except for share and per share data)

2024

2025

2025

2024

2025

2025

RMB

RMB

USD

RMB

RMB

USD

GAAP net income

385,626

57,167

8,174

1,539,906

1,464,553

209,430

Less: Income (loss) from financial investments (net of tax of nil)

13,396

(513)

(73)

17,134

(14,456)

(2,067)

Less: Impairment losses on financial investments (net of tax of nil)

Less: Impairment losses on long-term investments (net of tax)

(16,680)

(16,680)

Less: (Loss) gain from financial investments at equity method (net of tax of nil)

(9,030)

5,331

762

41,118

(19,506)

(2,789)

Add: Share-based compensation expenses (net of tax of nil)

10,082

8,971

1,283

40,178

60,967

8,718

Non-GAAP adjusted net income

408,022

61,320

8,768

1,538,512

1,559,482

223,004

Non-GAAP adjusted net income per share—basic

1.45

0.26

0.04

5.33

6.39

0.91

Non-GAAP adjusted net income per share—diluted 

1.41

0.26

0.04

5.24

6.25

0.89

Non-GAAP adjusted net income per ADS—basic

8.70

1.56

0.22

31.98

38.34

5.48

Non-GAAP adjusted net income per ADS—diluted 

8.46

1.56

0.22

31.44

37.50

5.36

Weighted average number of ordinary shares outstanding—basic

281,823,659

233,525,027

233,525,027

288,828,371

243,975,946

243,975,946

Weighted average number of ordinary shares outstanding—diluted

288,542,180

238,285,537

238,285,537

293,354,671

249,489,203

249,489,203