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Dow and Pan Era Group advance their strategic partnership to increase the supply of high-quality PCR resins in Southeast Asia

With this new agreement, Dow will acquire its flexible polyethylene post-consumer recycled (PCR) resins from Pan Era Group.

JAKARTA, Indonesia, May 7, 2025 /PRNewswire/ — Dow (NYSE: DOW), a global leader in materials science, signed a second memorandum of understanding (MOU) with PT Eterna Persada Indonesia (PT Eterna), a leading Indonesian recycling company under the Pan Era Group. This agreement will strengthen the collaboration between the two companies to increase the supply of high-quality post-consumer recycled (PCR) resins and advance the plastics circular economy in Indonesia.

The new MOU builds on the successful partnership established in October 2022, which saw the launch of several new PCR resin grades for several applications, including collation shrink film (CSF).

Under the terms of this second agreement, Dow will develop a target volume of flexible polyethylene PCR resins from Pan Era Group over the next three years. These high-quality PCR resins are manufactured under stringent processes to meet Dow’s standards. They incorporate Dow’s advanced technology along with Pan Era Group’s decades of experience in this field, providing comprehensive solutions to end-customers. In addition, Dow and Pan Era Group will also explore the potential of developing new PCR resins for different applications, such as wire and cable jacketing, leveraging Dow’s materials science expertise and Pan Era Group’s local waste collection capabilities.

Meeting Indonesia’s drive towards a circular economy

“This MOU comes at a time when Indonesia’s recycling industry is undergoing a pivotal transformation, driven by increasing consumer awareness on environmental protection, supportive government regulations, and corporate sustainability initiatives,” says Wilson Pandhika, managing director of Pan Era Group. “The Indonesia government has been actively encouraging the development of a circular economy, which aims to optimize resource use, reduce waste, and create value from recycled materials. This collaboration between Pan Era Group and Dow not only aligns with these national goals and international targets but also demonstrates a shared commitment to fostering sustainable practices and driving a circular economy.”

“We are excited to strengthen our partnership with Pan Era Group. This agreement marks a significant milestone in our partnership and is a testament to Dow’s commitment to advancing circularity and meeting the growing demand for PCR in Indonesia and across Asia-Pacific,” says Bambang Candra, Asia-Pacific commercial vice president of Dow Packaging & Specialty Plastics. “By working together, we can create high-quality materials and advance recycling technologies to drive growth for the recycling industry in Indonesia. The increasing environmental awareness and government regulations in Indonesia present a unique opportunity for us to expand our portfolio of post-consumer recycled (PCR) resins.”

High resolution images available upon request.

About Dow Packaging and Specialty Plastics

Packaging and Specialty Plastics (P&SP), a business unit of Dow (NYSE: DOW), combines core strengths of R&D, worldwide reach, broad product lines and industry expertise to deliver high performing technologies for end use markets in food packaging, personal hygiene, infrastructure, consumer goods and transportation. P&SP is one of the world’s largest producers of polyethylene resins, functional polymers, and adhesives, and enabled by Pack Studios, is a leading innovator and collaborator across the value chain on sustainable application development and circular economy life-cycle design for plastics. www.dowpackaging.com.

About Dow

Dow (NYSE: DOW) is one of the world’s leading materials science companies, serving customers in high-growth markets such as packaging, infrastructure, mobility and consumer applications. Our global breadth, asset integration and scale, focused innovation, leading business positions and commitment to sustainability enable us to achieve profitable growth and help deliver a sustainable future. We operate manufacturing sites in 30 countries and employ approximately 36,000 people. Dow delivered sales of approximately $43 billion in 2024. References to Dow or the Company mean Dow Inc. and its subsidiaries. Learn more about us and our ambition to be the most innovative, customer-centric, inclusive and sustainable materials science company in the world by visiting www.dow.com.

About Pan Era Group

Pan Era Group is one of Southeast Asia’s leading and longest-established polyolefin recycling companies, known for pioneering sustainable plastic solutions. Through a comprehensive and integrated recycling process, the company maintains high operational standards while promoting the circular economy and reducing plastic waste’s environmental impact. By sourcing 100% of its input material from locally collected plastic waste in Indonesia, Pan Era Group helps to create social impact across the waste collection value chain. Its commitment to innovation and sustainability drives the delivery of high-quality recycled materials that help close the loop on plastic waste. To learn more, visit www.paneragroup.com.

AXA Partners with Hong Kong Swimming Academy Promoting Local Swimming Development and Fostering a Healthier Community

HONG KONG, May 7, 2025 /PRNewswire/ — AXA Hong Kong and Macau (“AXA”) is thrilled to announce that it has become the Principal Partner of the Hong Kong Swimming Academy (HKSA), to join forces promote the development of swimming in Hong Kong. This collaboration aims to inspire and nurture the city’s next generation of swimming talent while encouraging broader participation in this popular and health-enhancing sport. The initiative reflects AXA’s ongoing commitment to promoting healthy lifestyles and building more resilient communities.

The Hong Kong Swimming Academy was founded in 2018 by Mr Alex Fong, a former member of the Hong Kong, China Swimming Delegation. The academy is dedicated to promoting swimming and nurturing promising professional swimmers. HKSA goes beyond teaching swimming techniques, placing strong emphasis on ensuring students enjoy the learning process, build confidence, and develop a positive and proactive mindset. It is also committed to inclusivity, offering support to individuals from low-income families and those with special needs.

AXA has long been an active supporter of sports development. Over the years, it has launched various initiatives to cultivate young sporting talents across different sectors and promote public wellness, including becoming the Official Global Training Partner of Liverpool FC in 2018. Through the collaboration with HKSA, AXA aims to fully support the academy in promoting swimming, a sport widely enjoyed by Hong Kong citizens. The goal is to nurture elite swimmers while encouraging greater participation in swimming across the community. This initiative further reflects AXA’s commitment to supporting diverse sports development, empowering young athletes to pursue their dreams, and encouraging active lifestyles in the community – all in pursuit of building a healthier, more vibrant society.

Angela Wong, Chief Marketing and Customer Officer, AXA Hong Kong and Macau, said, ” AXA has always been advocating our brand spirit of ‘Know You Can’, striving to be a reliable partner who helps our customers feel more confident in achieving their goals. We firmly believe that everyone has the potential to push beyond their limits and achieve excellence, a philosophy that aligns perfectly with the Hong Kong Swimming Academy. Through this collaboration, we aim to promote an active and healthy lifestyle among young people, support the development of local swimming, and help Hong Kong’s young athletes shine on the world stage. We are convinced that sports not only enhance physical and mental well-being but also foster positive social development.”

Alex Fong, Founder of the Hong Kong Swimming Academy, said, “We are delighted to partner with AXA to create more opportunities for young swimmers in Hong Kong and help them achieve their dreams. GO PARK Sai Sha is Sun Hung Kai Properties’ largest integrated development in recent years, combining sports, entertainment, dining, and leisure activities in its sports and commercial complex. Our establishment of a swimming academy at GO PARK Sai Sha not only provides a dedicated training venue for swimming enthusiasts in the area but also offers comprehensive facilities. More importantly, this location brings together the strengths of numerous sports associations and professional schools, making it an ideal platform to promote sports for all.”

The HKSA enjoys a strategic location next to AXA Dreamland, a prominent landmark within GO PARK Sai Sha sponsored by AXA. AXA Dreamland, inaugurated in May 2024, is a flagship indoor multipurpose venue supporting local cultural and arts industries and sports development through medium- to small-scale events and competitions. It serves as a platform for enthusiasts to realise their dreams. Located close to AXA Dreamland, the HKSA amplifies the impact of community activities, fostering greater opportunities for promoting fitness. The partnership commenced with a grand Opening Aquatic Sports Day hosted by the HKSA at GO PARK Sai Sha on May 1, 2025. The lively atmosphere drew in close to 1,000 parents and children to participate and celebrate the event, marking the start of the partnership, and setting the stage for an exciting long-term collaboration between both parties.

Ms. Angela Wong, Chief Marketing and Customer Officer of AXA Hong Kong and Macau, partners with Mr. Alex Fong, founder of the Hong Kong Swimming Academy, to advance swimming sports in Hong Kong.
Ms. Angela Wong, Chief Marketing and Customer Officer of AXA Hong Kong and Macau, partners with Mr. Alex Fong, founder of the Hong Kong Swimming Academy, to advance swimming sports in Hong Kong.

About AXA Hong Kong and Macau

AXA Hong Kong and Macau is a member of the AXA Group, a leading global insurer with presence in 50 markets and serving 95 million customers worldwide. Our purpose is to act for human progress by protecting what matters.

As one of the most diversified insurers in Hong Kong, we offer integrated solutions across Life, Health and General Insurance. We are the largest General Insurance provider and a major Health and Employee Benefits provider. Our aim is to not only be the insurer to provide comprehensive protection to our customers, but also a holistic partner to the individuals, businesses and community we serve. At the core of our service commitment is continuous product & service innovation and customer experience enrichment, which is achieved through actively listening to our customers’ needs and leveraging and investing in technology and digital transformation.

We embrace our responsibility to be a driving force against climate change and a force for good to create shared value for our community. We are proud to be the first to address the importance of mental health through different products and services and thought leading iconic research. Our overall Sustainability Strategy, with emphasis on climate strategy and biodiversity commitment, is developed based on TCFD recommendations. We are committed to integrating environmental, social and governance factors across our business and strive to contribute to a sustainable future through 3 distinct roles – as an investor, insurer and an exemplary company.

About the Hong Kong Swimming Academy

The Hong Kong Swimming Academy (HKSA) is committed to providing professional and high-quality swimming training programs suitable for individuals of all ages and swimming abilities. The academy not only focuses on teaching swimming techniques but also emphasises cultivating students’ confidence, a positive outlook on life, and a passion for swimming. HKSA places great importance on inclusivity, offering dedicated support to low-income families and individuals with special needs, ensuring that everyone can enjoy the joy of learning to swim. Additionally, the academy has established a professional swim team to provide a clear development pathway for students aspiring to become professional athletes, helping them achieve their goals and succeed.

THIS PRESS RELEASE IS AVAILABLE ON AXA’S WEBSITE: AXA.COM.HK  

IMPORTANT LEGAL INFORMATION AND CAUTIONARY STATEMENTS CONCERNING FORWARD-LOOKING STATEMENTS
Certain statements contained herein may be forward-looking statements including, but not limited to, statements that are predictions of or indicate future events, trends, plans or objectives. Undue reliance should not be placed on such statements because, by their nature, they are subject to known and unknown risks and uncertainties and can be affected by other factors that could cause AXA’s actual results to differ materially from those expressed or implied in the forward-looking statements. Please refer to Part 4 – “Risk factors and risk management” of AXA’s Universal Registration Document for the year ended December 31, 2019, for a description of certain important factors, risks and uncertainties that may affect AXA’s business, and/or results of operations. AXA undertakes no obligation to publicly update or revise any of these forward-looking statements, whether to reflect new information, future events or circumstances or otherwise, except as part of applicable regulatory or legal obligations.

Vantage Delivers Insight and Innovation at Abu Dhabi Money Expo 2025

PORT VILA, Vanuatu, May 7, 2025 /PRNewswire/ — Vantage Markets proudly concluded a successful appearance at the Abu Dhabi Money Expo 2025, held on April 23–24, aligning with its commitment to global thought leadership, market education and showcasing its focus on innovation and multi-asset trading insights.

Vantage Delivers Insight and Innovation at Abu Dhabi Money Expo 2025
Vantage Delivers Insight and Innovation at Abu Dhabi Money Expo 2025

On the first day of the event, Nibal Abu Assaly, Business Development Manager at Vantage Markets, led a highly anticipated keynote session titled “Navigating Volatility: Understanding Market Uncertainty”. The session provided attendees with general insights into the key drivers of market volatility and discussed broad strategies relevant to navigating uncertain market conditions.

With global markets increasingly influenced by geopolitical shifts, macroeconomic data, and unexpected policy moves, the keynote sparked engaging discussions and was well-received for its relevance and actionable takeaways. It reaffirmed Vantage’s role not only as a platform provider but also as a participant in global market dialogue.

Vantage Delivers Insight and Innovation at Abu Dhabi Money Expo 2025
Vantage Delivers Insight and Innovation at Abu Dhabi Money Expo 2025

During the closing day of the expo, Vantage Markets was honored with the “Best Multi-Asset Broker” award – a recognition of the company’s ongoing efforts to support the financial services industry through technology and multi-asset offerings.

This award reflects Vantage’s ongoing efforts to develop and maintain a wide range of CFD offerings across forex, commodities, indices, shares, ETFs, and bonds, all while maintaining industry-leading technology, transparency, and customer support.

“Our participation at Abu Dhabi Money Expo 2025 allowed us to connect meaningfully with attendees and industry peers,” said Marc Despallieres, Chief Executive Officer at Vantage Markets. “From thought leadership to product innovation, we are proud to contribute to the global financial community with tools, insights, and services that support informed trading.”

As Vantage continues to expand, the company remains focused on developing innovative solutions, offering diverse trading opportunities, and deepening engagement with its global community.

Visit Vantage Markets for more updates on Vantage’s events and initiatives.

About Vantage

Vantage Markets (or Vantage) is a multi-asset CFD broker offering clients access to a nimble and powerful service for trading Contracts for Difference (CFDs) products, including Forex, Commodities, Indices, Shares, ETFs, and Bonds.

With over 15 years of market experience, Vantage transcends the role of broker, providing a reliable trading platform, an award-winning mobile trading app, and a user-friendly trading platform that provide clients access to trading opportunities. Download the Vantage App on App Store or Google Play.

trade smarter @vantage

RISK WARNING: CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. Ensure you understand the risks before trading.

Disclaimer: This article is provided for informational purposes only and does not constitute financial advice, an offer, or solicitation of any financial products or services. The content is not intended for residents of any jurisdiction where such distribution or use would be contrary to local law or regulation. Readers are advised to seek independent professional advice before making any investment or financial decisions. Any reliance you place on the information presented is strictly at your own risk.

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Inside TutorABC: The 100% UK-US EdTech Giant Led by Rodney Miles and Samuel Yang, Revolutionizing Language Learning for 100 Million Users

100% UK-US Owned Only. No Other Outside Investment. 

TAIPEI, May 7, 2025 /PRNewswire/ — TutorABC is a fully foreign-owned education technology company, backed exclusively by investors from the United Kingdom and the United States only.

Samuel Yang, CFA (left), Co-Chairman and CEO of TutorABC, and Rodney Miles (right), Co-Chairman of TutorABC, stand together in front of the company logo, looking ahead to the future of global edtech.
Samuel Yang, CFA (left), Co-Chairman and CEO of TutorABC, and Rodney Miles (right), Co-Chairman of TutorABC, stand together in front of the company logo, looking ahead to the future of global edtech.

Since 2022, TutorABC has been 100% owned and governed by a UK-US investment consortium led by:

  • Rodney Miles – a British business leader with a 50+ year legacy in global retail, e-commerce, and education.
  • Samuel Yang, CFA – an American-born, British-educated investment banker, and international education leader.

This ownership structure has been independently verified by a leading international law firm and is fully compliant with all local (and international) legal and regulatory requirements.

*Start 7 Days Free Trial: https://www.tutorabc.com/count.asp?code=O87MXjKGDD

Global Leadership with Proven Track Records

Rodney Miles is the co-chairman of TutorABC and is a pioneering entrepreneur with over five decades of global retail and e-commerce leadership.
Rodney Miles is the co-chairman of TutorABC and is a pioneering entrepreneur with over five decades of global retail and e-commerce leadership.

Rodney Miles is the current co-chairman of TutorABC and is a pioneering entrepreneur with over five decades of global retail and e-commerce leadership. He is best known for driving the explosive growth of Watsons, Asia’s leading health and beauty retailer. He began with just 8 stores and was responsible for laying the foundation that grew the brand into a global giant with over 15,000 stores—including opening Watsons’ first store in Taiwan on Chung Hsiao East Road in the 1980s.

He later founded and built StrawberryNet, one of the world’s first global online retailers of beauty and fragrance products. As a pioneer in cross-border online retail, he served millions of customers across more than 200 countries, offering over 30,000 SKUs from 800 global brands including Chanel, Christian Dior, Clinique, Estée Lauder, La Mer, La Prairie, Lancôme, L’Oréal, SK-II, Yves Saint Laurent (YSL), and many others.

Rodney’s career began at Sainsbury’s, one of the UK’s largest supermarket chains, under the mentorship of Chairman John Sainsbury (later Lord Sainsbury of Preston Candover), where he developed a lifelong commitment to operational excellence, customer service, and strategic innovation.

Photo of Samuel Yang, CFA, Co-Chairman of TutorABC, and TutorABC’s senior management team at the 2024 1111 Happy Enterprise Award ceremony.
Photo of Samuel Yang, CFA, Co-Chairman of TutorABC, and TutorABC’s senior management team at the 2024 1111 Happy Enterprise Award ceremony.

Samuel Yang, CFA, is a seasoned investment banker and educator with over 25 years of experience. At MorganStanley and MerrillLynch he previously managed over USD 3 billion and specialized in venture capital, pre-IPO, and IPO investments. Additionally for over 20 years he has served as the chief representative in Taiwan for Kaplan, one of the world’s largest education companies listed on the NYSE.

He was educated at Cambridge University for a Master’s degree in Entrepreneurship, and City University of London for a degree in Investment and Financial Risk Management. He is a Chartered Financial Analyst (CFA) and was an instructor for all three levels of the CFA exams, and was the lead trainer for the analyst training programs at Merrill Lynch, Credit Suisse, and Julius Baer. He is also a certified Franklin Covey trainer, specializing in the 7 Habits of Highly Effective People, and has used his expertise to develop and mentor young leaders globally – reaching over 160 partner high-schools in more than 30 countries across Asia, the Middle East, and Europe.

As Co-Chairman and CEO of TutorABC, Samuel drives the company’s global mission to deliver a “first-class education, in a first-class way, with first-class people.” Samuel also leads The Yang Foundation, supporting education and cultural exchange programs across the world, and serves as Chairman of the British Chamber of Commerce in Taipei, and Chairman of the YPO East West Chapter.

*Start 7 Days Free Trial: https://www.tutorabc.com/count.asp?code=O87MXjKGDD

Global Reach. Elite Partnerships.

TutorABC is not affiliated with any other country—directly or indirectly. Its governance, capital, and operations are 100% UK and US only.

It proudly partners with the world’s leading institutions:

  • Oxford and Cambridge universities
  • National Geographic, Kaplan, Barron’s, ETS, British Council
  • 400+ study abroad partners at universities throughout the UK, USA, and Canada

It serves students and teachers in over 100 countries. It provides advanced corporate training programs for many Fortune 500 and other world-leading companies including Apple, Google, Microsoft, Citibank, Prudential Life, PwC, Deloitte, New Balance, Amazon, TSMC, MediaTek, Micron, Toyota, Shiseido, Yamaha, and many others.

*Learn more TutorABC Corporate Training Service: https://www.tutorabc.com/count.asp?code=IIFb8LAKZr

Certified Safe. Trusted by Families.

TutorABC is kidSAFE-certified and implements child privacy practices consistent with the U.S. Federal Trade Commission’s Children’s Online Privacy Protection Act (COPPA), maintaining high standards for child protection and cybersecurity.

TutorABC has a dedicated team of over 400 professionals—including education advisors, learning consultants, engineers, and customer service representatives—providing personalized support to every student.

Mission Statement

TutorABC is committed to delivering a first-class education, in a first-class way, with first-class people.

6 Reasons Why TutorABC Leads the World in Online Language Learning:

  1. Best Teachers – native English speakers, Cambridge-trained, handpicking the top 3%.
  2. Best Materials – premium content from Oxford, Cambridge, Nat Geo, and global leaders.
  3. Best Curriculum – a 4-step adaptive path tailored by level, industry, goals, and interests.
  4. Best Technology – AI-powered platform with 24/7 access and 19 patented innovations.
  5. Best Customer Service – 200+ real human advisors—no chatbots—expert support.
  6. Best Ratings – 97% satisfaction, 4.8 on Google, and 4.7 on Trustpilot.

*Start 7 Days Free Trial: https://www.tutorabc.com/count.asp?code=O87MXjKGDD

His Highness Shaikh Mohammed Bin Sultan Bin Hamdan Al Nahyan acquires Warrants of Diginex Limited to Purchase 6.75 Million Ordinary Shares of Diginex for USD$300 million via a Private Transaction


LONDON, UNITED KINGDOM – Media OutReach Newswire – 7 May 2025 – Diginex Limited (“Diginex”) (NASDAQ: DGNX), a global leader in ESG sustainable RegTech, is pleased to announce that His Highness Shaikh Mohammed Bin Sultan Bin Hamdan Al Nahyan, a member of the Abu Dhabi Royal Family, has purchased warrants to purchase 6.75 million Ordinary Shares of Diginex (the “Warrants”) in a private transaction for a consideration of USD 300 million. This significant investment underscores Diginex’s deepening ties with the United Arab Emirates (UAE) and reinforces its position as a frontrunner in driving sustainable finance and innovation on a global scale. In the event that His Highness exercises all of the Warrants, Diginex will receive approximately USD$69.2 million upon the exercise of the Warrants to acquire 6,750,000 ordinary shares of Diginex and His Highness will become ~22.7% holder of Diginex ‘s outstanding ordinary shares (assuming no change to Diginex outstanding ordinary shares as of today).

His Highness purchased the Warrants through his solely owned investment holding company, Nomas Global Investments L.L.C – S.P.C (“Nomas Global”), from Rhino Ventures Limited (“RVL”), the solely owned investment holding company of Miles Pelham, Chairman and Founder of Diginex.

RVL has confirmed receipt of the USD$50 million initial consideration, and the Warrants have been conveyed, assigned and transferred to Nomas Global by Diginex effective today, 6th May 2025. Under the terms of the private transaction Nomas Global is obligated to tender the balance of USD$250 million consideration to RVL on or before 31st December 2025.

The Warrants consist of 3 tranches of warrants as follows:

(a) a warrant to purchase 2,250,000 Ordinary Shares, exercisable at a price of US$8.20 per share and these warrants expire 15 months after January 23, 2025, and;

(b) a warrant to purchase 2,250,000 Ordinary Shares, exercisable at a price of US$10.25 per share, and these warrants expire 18 months after January 23, 2025, and;

(c) a warrant to purchase 2,250,000 Ordinary Shares, exercisable at a price of US$12.30 per share, and these warrants expire 24 months after January 23, 2025.

The acquisition follows the strategic alliance announced on March 17, 2025, between Diginex and Nomas Global, which included plans for a dual listing of Diginex’s ordinary shares on the Abu Dhabi Securities Exchange (ADX) and a potential capital raise of up to USD 250 million. This latest move solidifies Diginex’s commitment to the UAE, and continues the Emirate’s role at the forefront of sustainability and economic diversification, and enhances its capacity to lead transformative change in the global sustainability landscape.

“We are honored to welcome His Highness Shaikh Mohammed Bin Sultan Bin Hamdan Al Nahyan as a key stakeholder,” said Miles Pelham, Chairman of Diginex. “This investment is a powerful testament to our shared vision of leveraging cutting-edge technology to address sustainability challenges. With this deepened alliance, Diginex is poised to accelerate its growth in the UAE and the broader GCC region, while continuing its work to set the standard for sustainable finance worldwide.”

His Highness Shaikh Mohammed Bin Sultan Bin Hamdan Al Nahyan, a visionary leader committed to advancing sustainability and innovation in the UAE, expressed his confidence in Diginex’s mission. “This acquisition reflects my belief in Diginex’s potential to drive meaningful impact in sustainable finance, both in the UAE and globally. By combining our resources and expertise, we are building a future where technology and sustainability go hand in hand to create a lasting and sustainable prosperity.”

Diginex stands at the forefront of ESG technology, leveraging its innovative platform to redefine sustainable finance on a global scale. By integrating advanced blockchain, artificial intelligence, and data analytics, Diginex empowers businesses and governments to enhance transparency and efficiency in environmental, social, and governance (“ESG”) reporting, supporting 17 international frameworks such as GRI (the “Global Reporting Initiative”), SASB (the “Sustainability Accounting Standards Board”), and TCFD (the “Task Force on Climate-related Financial Disclosures”). This cutting-edge approach has positioned Diginex as a trusted partner for organizations seeking to align with evolving sustainability standards, while its award-winning RegTech solutions drive actionable insights for climate action and corporate responsibility. Committed to the growth of sustainable finance, Diginex is expanding its influence worldwide, exemplified by strategic relationships like its collaboration with His Highness Shaikh Mohammed Bin Sultan Bin Hamdan Al Nahyan in the UAE, where it aligns with regional goals like Vision 2030 and Net Zero by 2050.

For more information or to schedule a demo, visit www.diginex.com.

Forward-Looking Statements
Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results disclosed in the Company’s filings with the SEC.

Hashtag: #Diginex

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

About Shaikh Mohammed Bin Sultan Bin Hamdan Al Nahyan

A visionary leader within Abu Dhabi’s Royal Family, Shaikh Mohammed Bin Sultan Bin Hamdan Al Nahyan is committed to advancing economic diversification, sustainability, and innovation in the UAE. Through strategic investments and partnerships, he continues to play a pivotal role in shaping the nation’s future.

About Diginex Limited

Diginex Limited (Nasdaq: DGNX; ISIN KYG286871044), headquartered in London, is a sustainable RegTech business that empowers businesses and governments to streamline ESG, climate, and supply chain data collection and reporting. The Company utilizes blockchain, AI, machine learning and data analysis technology to lead change and increase transparency in corporate regulatory reporting and sustainable finance. Diginex’s products and services solutions enable companies to collect, evaluate and share sustainability data through easy-to-use software.

The award-winning diginexESG platform supports 17 global frameworks, including GRI (the “Global Reporting Initiative”), SASB (the “Sustainability Accounting Standards Board”), and TCFD (the “Task Force on Climate-related Financial Disclosures”). Clients benefit from end-to-end support, ranging from materiality assessments and data management to stakeholder engagement, report generation and an ESG Ratings Support Service.

For more information, please visit the Company’s website: https://www.diginex.com/.

Cango Inc. Maintains Strong Mining Efficiency and Expands Bitcoin Holdings Amidst April Production Shift

SHANGHAI, May 7, 2025 /PRNewswire/ — Cango Inc. (NYSE: CANG), a leading bitcoin mining company, recently released its April 2025 production update for its crypto mining operations.

In April 2025, Cango mined a total of 470.0 Bitcoins, an 11.3% decrease compared to 530.1 Bitcoins mined in March 2025. The average daily Bitcoin production was 15.7 in April, compared to 17.1 in March.

Despite the month-over-month production dip, Cango increased its total Bitcoin holdings, reaching 2,944.8 as of April 30, 2025, up from 2,474.8 at the end of March. The Company’s deployed hashrate remained consistent at 32 EH/s, while the average operating hashrate was 29.9 EH/s, compared to 30.3 EH/s in March 2025.

“The production decline in April was mainly due to a significant surge in the global hashrate, marking its second-largest monthly increase ever recorded. Consequently, the mining difficulty rose by 8% compared to March,” said Jiayuan Lin, Chief Executive Officer of Cango, “Despite this short-term fluctuation in production volume, we remain firmly committed to our Bitcoin holding strategy. With the current value of our Bitcoin holdings at $279 million, we are confident that our strategic initiatives and ongoing operational enhancements will continue to generate long-term value for our stakeholders.”

About Cango Inc.

Cango Inc. (NYSE: CANG) primarily operates a leading Bitcoin mining business. Cango has deployed its mining operation across strategic locations including North America, Middle East, South America, and East Africa. Cango expanded into the crypto assets market in November 2024, driven by the development in blockchain technology, increasing prevalence of crypto assets and its endeavor to diversify its business. Meanwhile, Cango has continued to operate the automotive transaction service in China since 2010, aiming to make car purchases simple and enjoyable. For more information, please visit: www.cangoonline.com.

Baozun to Announce First Quarter 2025 Unaudited Financial Results on May 21, 2025

SHANGHAI, May 7, 2025 /PRNewswire/ — Baozun Inc. (Nasdaq: BZUN and HKEX: 9991) (“Baozun”, the “Company” or the “Group”), a leading brand e-commerce solution provider and digital commerce enabler in China, today announced that it will release its unaudited financial results for the first quarter ended March 31, 2025 on Wednesday, May 21, 2025, before the open of U.S. markets.

The Company will host a conference call to discuss the earnings at 7:30 a.m. Eastern Time on Wednesday, May 21, 2025 (7:30 p.m. Beijing time on the same day).

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

United States:                 

1-888-317-6003

Hong Kong:                   

800-963-976

Singapore:                     

800-120-5863

Mainland China:           

4001-206-115

International:                 

1-412-317-6061

Passcode:                       

9469014

A replay of the conference call may be accessible through May 28, 2025 by dialing the following numbers:

United States:                 

1-877-344-7529

International:                 

1-412-317-0088

Canada:                           

855-669-9658

Replay Access Code:   

6845694

A live webcast of the conference call will be available on the Investor Relations section of Baozun’s website at http://ir.baozun.com. An archived webcast will be available through the same link following the call.

Safe Harbor Statements

This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident,” “potential,” “continues,” “ongoing,” “targets,” “guidance,” “going forward,” “looking forward,” “outlook” or other similar expressions. Statements that are not historical facts, including but not limited to statements about Baozun’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to Baozun’s filings with the United States Securities and Exchange Commission and its announcements, notices or other documents published on the website of The Stock Exchange of Hong Kong Limited. All information provided in this press release is as of the date hereof and is based on assumptions that Baozun believes to be reasonable as of this date, and Baozun undertakes no obligation to update such information, except as required under applicable law.

About Baozun Inc.

Founded in 2007, Baozun Inc. is a leader in brand e-commerce service, brand management, and digital commerce service. It serves more than 490 brands from various industries and sectors around the world, including East and Southeast Asia, Europe and North America.

Baozun Inc. comprises three major business lines — Baozun e-Commerce (BEC), Baozun Brand Management (BBM) and Baozun International (BZI) and is committed to accelerating high-quality and sustainable growth. Driven by the principle that “Technology Empowers the Future Success”, Baozun’s business lines are devoted to empowering their clients’ business and navigating their new phase of development.

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

For investor and media inquiries, please contact:

Baozun Inc.
Ms. Wendy Sun
Email: ir@baozun.com

ArkBio Announces Positive Phase II Results of AK3280 for treatment of Idiopathic Pulmonary Fibrosis (IPF)

SHANGHAI, May 7, 2025 /PRNewswire/ — Shanghai Ark Biopharmaceutical Co., Ltd. (“ArkBio”) today announced positive top-line Phase II study results for its novel anti-fibrotic drug AK3280 in treatment of idiopathic pulmonary fibrosis (IPF). The study, led by Professor Huaping Dai of the Department of Pulmonary and Critical Care Medicine at China-Japan Friendship Hospital, Beijing, was conducted across 31 clinical sites in China.

Global Clinical Challenge: Unresolved Treatment Needs in IPF

Idiopathic Pulmonary Fibrosis (IPF) is a progressive, irreversible, and fatal interstitial lung disease characterized by fibrotic remodeling of lung tissue, ultimately leading to respiratory failure, with a median survival period of only 2–5 years after diagnosis. Current therapeutics including pirfenidone and nintedanib have been available for years, however, with limited efficacy, significant adverse effects and poor long-term tolerability, highlighting the urgent need for novel and more effective therapeutics.

Phase 2 Proof-of-Concept Study of AK3280, a New Generation Broadly Active Antifibrotic Drug

AK3280 is a new generation broadly active antifibrotic drug that is optimized for pharmacological and pharmacokinetic properties based on current IPF drugs. Preclinical data indicate that it exhibits enhanced anti-fibrotic activity and improved pharmacokinetic properties, without the gastrointestinal tolerability issues and other toxicities associated with current therapeutics. Previous Phase I studies have demonstrated its favorable safety, tolerability, and human pharmacokinetic profile.

The completed randomized, double-blind, placebo-controlled Phase II proof-of-concept study evaluated the safety, tolerability and clinical efficacy of AK3280 in China IPF patients. Participants were randomized to receive AK3280 (100/200/300/400 mg BID) or placebo for 24 weeks. Clinical efficacy endpoints included forced vital capacity of lung (FVC and %pFVC), diffusing capacity of lung for carbon monoxide (DLco), the 6-minute walk test (6MWT) and patient reported St. George’s Respiratory Questionnaire (SGRQ) scores. The high dose groups demonstrated FVC improvement from baseline, especially the 400 mg group which had the absolute FVC increased by 209.4 mL and a 6.4% adjusted %pFVC improvement from baseline, which is statistically significant compared to placebo (p=0.002 and 0.004, respectively). Other lung and respiratory functions have also got better. The drug exhibited a good safety and tolerability profile without the gastrointestinal intolerability issues associated with current IPF therapeutics.

Implications for Future IPF Therapeutics

This study with a rigorous multicenter, randomized, double-blind study design for 24 weeks followed by another 24 week’s open-label study represents the first phase 2 proof-of-concept study of AK3280 in fibrotic patient populations. These findings not only demonstrate AK3280’s potential to improve both lung function and respiratory outcome but also highlight its unique safety profile that may support long-term use, positioning it as a potential future standard-of-care therapy for IPF treatment.

Dr. Huaping Dai, principal investigator of the phase 2 study and professor at China-Japan Friendship Hospital, commented, “In the therapeutic landscape of IPF, the development of safer and more effective anti-fibrotic agents remains urgent. The most encouraging aspect of this Phase II study is AK3280’s positive signal in pulmonary function improvement. Unlike existing therapies that merely slow FVC decline, the high dosing groups of the phase 2 study achieved an impressive absolute increase in FVC over 24 weeks. In addition, we observed other respiratory and lung function improvements, indicating the substantial symptom relief and benefits to quality-of-life in the IPF patients. Notably, AK3280’s favorable tolerability across all dose levels is essential for the long-term management of IPF patients. This study provides novel scientific and medical perspectives, and we look forward to seeing this innovation to become a global standard treatment option in the near future.”

About AK3280

AK3280 is a potential next-generation broad-spectrum anti-fibrotic molecule optimized from the marketed drug. It modulates multiple pathways and biomarkers closely associated with the fibrotic process, including the expression of fibrosis-related genes and proteins induced by transforming growth factor-beta (TGF-β) and lysophosphatidic acid (LPA). AK3280 works by reducing fibroblast cellular proliferation and inhibiting the synthesis and accumulation of extracellular matrix. Compared to current therapies, AK3280 offers advantages in safety and tolerability, with potentially much improved clinical efficacy. The Phase II randomized, double-blind, placebo-controlled confirmatory clinical study has been completed, and preparations are underway to initiate the pivotal Phase III clinical study.

About ArkBio

ArkBio is a global biotech company focused on developing innovative therapies for respiratory, infectious, and pediatric diseases. Founded in 2014, it has built core technology platforms and a differentiated R&D pipeline through in-house R&D efforts and external collaboration. Key drug assets include ziresovir, the first direct-acting RSV antiviral with positive pivotal phase III results, and AK0901, an FDA-approved pediatric ADHD therapeutic drug. ArkBio has established strategic partnerships with several multinational pharmaceutical companies and academic institutes, including Roche, Genentech, the Scripps Research Institute, the Institute of Microbiology of Chinese Academy of Sciences, domestic and international biotechnology companies, as well as venture capital institutions.

For more information about the company, please visit our website: www.arkbiosciences.com 

Investor Inquiries: IR@arkbiosciences.com