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ECARX Strengthens Global Leadership Team with Appointment of Dylan D. Jeng as Chief Financial Officer

LONDON, March 23, 2026 /PRNewswire/ — ECARX Holdings, Inc. (Nasdaq: ECX) (“ECARX” or the “Company”), a global mobility tech provider, today announced the appointment of Dylan D. Jeng as Chief Financial Officer (CFO), effective immediately.

In his role as CFO, Dylan Jeng will be based in ECARX’s Singapore office where he will oversee all global financial strategy, planning, treasury, investor relations, and financial operations, driving financial discipline and scalability to support ECARX’s accelerated global expansion.

Mr. Jeng brings over two decades of international financial leadership experience across the technology and pharmaceutical sectors, with considerable experience at major accounting firms. Mr. Jeng comes with a proven track record in scaling global businesses, optimizing capital allocation, and delivering sustainable financial performance. His expertise spans cross-border financial management, global supply chain finance, investor relations, and prudent financial strategies, all critical capabilities as ECARX executes on its global growth strategy, including expanding its footprint across Europe, Southeast Asia, and the Americas, and deepening partnerships with leading global OEMs.

Ziyu Shen, CEO of ECARX said:

“Dylan’s exceptional global financial acumen and deep industry knowledge make him the ideal leader to steer ECARX’s financial strategy as we enter our next phase of global growth. As a global mobility tech company with operations across 13 key markets worldwide, we are building a world-class executive team to match our global ambitions. Dylan’s leadership and experience will be instrumental in driving financial efficiency, unlocking high-value growth, and delivering long-term value for our shareholders, partners, and employees.”

On his appointment, Dylan Jeng commented:

“I am thrilled to join ECARX during this transformative moment for the automotive industry, and the company. ECARX has established itself as a pioneer in full-stack intelligent automotive solutions, with a unique global footprint, industry-leading technology, and partnerships with some of the world’s most renowned automakers. I look forward to working closely with the CEO, Ziyu Shen, and the greater ECARX leadership team to build on the company’s strong foundation and align our financial strategy with our vision to accelerate the world’s transition to software-defined vehicles.”

About ECARX

ECARX (Nasdaq: ECX) is a global automotive technology provider with capabilities to deliver turnkey solutions for next–generation smart vehicles, from the system–on–a–chip (SoC) to central computing platforms and software. As automakers develop new vehicle architectures, ECARX is developing full–stack solutions to enhance the user experience while reducing complexity and cost.

Founded in 2017 and listed on the Nasdaq stock exchange in 2022, ECARX now has over 1,400 employees based in 13 major locations in UK, USA, Brazil, Singapore, Malaysia, Sweden, China and Germany. To date, ECARX products ands services can be found in approximately 11 million vehicles worldwide.

Safe Harbor Statement

This press release contains statements that are forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These statements are based on management’s beliefs and expectations as well as on assumptions made by and data currently available to management, appear in a number of places throughout this document and include statements regarding, amongst other things, results of operations, financial condition, liquidity, prospects, growth, strategies and the industry in which we operate. The use of words “expects”, “intends”, “anticipates”, “estimates”, “predicts”, “believes”, “should”, “potential”, “may”, “preliminary”, “forecast”, “objective”, “plan”, or “target”, and other similar expressions are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to a number of risks and uncertainties that could cause actual results to differ materially, including, but not limited to statements regarding our intentions, beliefs or current expectations concerning, among other things, results of operations, financial condition, liquidity, prospects, growth, strategies, future market conditions or economic performance and developments in the capital and credit markets and expected future financial performance, and the markets in which we operate.

For a discussion of these and other risks and uncertainties that could cause actual results to differ materially from those expressed in any forward-looking statement, see ECARX’s filings with the U.S. Securities and Exchange Commission. ECARX undertakes no obligation to update or revise forward-looking statements to reflect subsequent events or circumstances, except as required by applicable law.

Hitachi Cooling & Heating Supports Hong Kong’s Net-Zero Transition with BEAM Plus-Aligned VRF Solutions

HONG KONG, March 23, 2026 /PRNewswire/ — As cities push toward net-zero emissions, Hong Kong is tightening building regulations and accelerating retrofits under the BEAM Plus framework. Higher expectations for energy performance and lower refrigerant GWP are reshaping HVAC standards. In a dense urban environment with limited plant rooms and constrained rooftops, conventional VRF systems often face installation challenges. Hitachi Cooling & Heating addresses these demands with VRF solutions designed for efficiency, flexibility, and alignment with BEAM Plus requirements.

Hitachi air365 Max Pro
Hitachi air365 Max Pro

air365 Max and air365 Max Pro address these evolving building needs by delivering best‑in‑class energy efficiency that supports BEAM Plus Gold and Platinum aspirations. With EER levels up to 5.60 and COP up to 5.31, air365 Max Pro reduces the energy burden on entire building systems. Its advanced SmoothDrive 2.0 technology further enhances part‑load performance, cutting energy consumption by up to 39% at 33% load, reducing refrigerant usage by 10%, and contributing to a 47% decrease in seasonal energy use and CO2 emissions. These improvements ease pressure on complementary systems such as lighting, ventilation, and pumping, while reducing operational emissions.

Beyond performance metrics, air365 Max Pro is engineered for project‑wide simplicity. Architects and designers benefit from flexible system architecture, including single modules up to 28/30HP (HP/CO) and combinations up to 112/120HP (HP/CO), extended piping allowances, and a 200% connection ratio. Installers gain faster execution through NFC-enabled commissioning with airCloud Tap. Operators benefit from IoT monitoring, streamlined maintenance tools such as WRC and operation‑data memorization, plus stable comfort enabled by IAQ options, patented smart defrost, precise temperature control, and a wide operating range. Together, these strengths make air365 Max Pro ideal for government facilities, hospitals, and Class A commercial buildings prioritizing long‑term comfort, stability, and efficiency.

Complementing this high‑efficiency approach, air365 SideSmart, the world’s first slim modular VRF, addresses Hong Kong’s space constraints with an exclusive concept starting from just 1650×1050×420mm. A single 18HP module matches the capacity of conventional top‑discharge units while occupying far less space. Its modular design allows up to four interconnected units, delivering a maximum of 72HP (200kW cooling capacity), along with flexible configurations such as 48HP setups or Standard/Economic combinations ranging from 20HP to 72HP. Powered by exclusive Hitachi Cooling & Heating technology, air365 SideSmart achieves top-tier energy efficiency for its class.

This compact, scalable architecture makes air365 SideSmart particularly suited to Hong Kong’s dense urban environment. It fits easily into tight plant rooms, low‑ceiling back‑of‑house areas, and retrofits where structural changes are limited, make it ideal for government buildings, malls, hospitals, and banks requiring upgrades within constrained spaces.

Global deployments highlight this adaptability: at Sambo Motors in Mexico, units were rooftop-installed without cranes, while a Colombian bank retrofit used air365 SideSmart with Set Free Mini systems to overcome airflow limits and achieve precise zone control. These cases mirror Hong Kong’s need for space efficiency, zoning accuracy, and uninterrupted operation.

Looking ahead, Hitachi Cooling & Heating is advancing green building practices by aligning HVAC innovation with regulatory priorities and real-world constraints. Through solutions such as air365 Max Pro and air365 SideSmart, the company is helping create a practical pathway toward sustainable, high-performance buildings, supporting Hong Kong’s drive to scale net-zero-ready infrastructure across both new developments and existing urban assets.

About Hitachi Cooling & Heating

Now part of the Bosch Home Comfort Group, Hitachi Cooling & Heating delivers advanced HVAC solutions built on over 90 years of expertise, enhancing indoor comfort, air quality, and energy efficiency. Guided by the principle “air is life,” each product undergoes rigorous testing to ensure durability, reliability, and lasting performance for modern living and working environments.

 

CK Group Appointed Official Distributor of Jeep and Ram in Laos

A picture of Jeep and Ram that was introduced by CK Group, which open for customers for sales and book right now. (Photo by CK Trading)

CK Trading Import-Export Sole Co., Ltd. (CK Group) has been appointed as the authorized distributor of Jeep and Ram vehicles in Laos, marking the entry of the two American automotive brands into the local market.

The announcement was made on 20 March, with CK Group granted exclusive rights for the importation, distribution, genuine spare parts supply, and warranty services for Jeep and Ram vehicles nationwide. 

Sales and customer bookings are now open.

Jeep and Ram operate under Stellantis, a global automotive group with a portfolio of internationally recognized brands. The appointment reflects CK Group’s role in supporting the introduction of international automotive standards into the Lao market.

CK Group, a Lao-based business operating across automotive distribution, aftersales services, real estate, and trading sectors, stated that the partnership aims to support the development of the premium SUV and pickup segments in Laos through certified service infrastructure and customer-focused operations.

Jeep is recognized globally for its off-road capability and 4×4 heritage. As part of the launch, CK Group has introduced the Jeep Wrangler, designed for both off-road performance and everyday driving across varied terrain.

Ram, established as a standalone brand in 2009, is known for its pickup trucks combining performance, durability, and interior features. CK Group has introduced the Ram 1500 Rebel and Ram 1500 Laramie models to the Lao market, targeting customers seeking both utility and comfort.

To support the launch, CK Group has established showroom facilities and aftersales services in line with manufacturer standards, including genuine spare parts, trained technicians, and warranty coverage. The company plans to expand its service network to provide nationwide support.

CK Group will also organize launch activities and roadshows, including product displays and test drive programmes, with further details to be announced through official channels.

Fasoo and Konsilix Agree to Form Symbologic, an Enterprise AI Company

BETHESDA, Md., March 23, 2026 /PRNewswire/ — Ahead of the RSAC 2026 Conference, Fasoo (KOSDAQ: 150900) today announced that its US subsidiary, Fasoo, Inc. has entered into an agreement in principle with Konsilix to combine their businesses and form a new company, Symbologic. The companies expect to finalize definitive agreements and complete the transaction by the end of April, subject to customary closing conditions.

As organizations accelerate generative AI adoption, they face two growing challenges: managing risks related to data exposure, regulatory compliance, and unsanctioned “shadow AI” tools, while also overcoming limited internal experience and specialized talent needed to advance AI transformation.

Symbologic combines the complementary strengths of Fasoo and Konsilix to address these challenges for enterprise and middle-market organizations. By bringing together Fasoo’s expertise in enterprise data security and lifecycle management with Konsilix’s secure, data-in-place conversational AI platform and consulting capabilities, the company enables organizations to both manage security and governance risks and overcome gaps in internal experience and specialized talent. This approach allows organizations to deploy and scale enterprise AI using trusted internal data without exposing sensitive information, while leveraging Symbologic’s AI expertise and implementation capabilities to overcome gaps in internal resources.

“As AI transformation becomes central to sustained growth and competitiveness, organizations must be ready to securely adopt AI and operate agentic applications,” said Kyugon Cho, CEO of Fasoo. “By combining Fasoo’s expertise in AI, data, and security with Konsilix’s AI solutions and consulting capabilities, Symbologic delivers business-ready agentic AI applications alongside AI data and governance infrastructure.”

“Corporate leaders are cautious of AI due to unpredictable results and the requirement to upload sensitive data. Symbologic solves this by uniting Konsilix’s Intent Router and Data-in-Place architecture with Fasoo’s zero-trust security, delivering a knowledgeable colleague that ensures analytic accuracy using only your data for risk-free ROI,” said Rob Marano, CEO of Konsilix and Symbologic.

Symbologic represents the next step in our broader strategy to support secure AI adoption by combining advanced data security, governance, and enterprise AI capabilities.

About Fasoo

Fasoo delivers enterprise-grade AI and Security products and services that help organizations pivot AI strategies with LLM and governance infrastructure to ensure secure information management, compliance, and productivity. For more information, visit https://en.fasoo.com/.

About Konsilix

Konsilix delivers enterprise AI software and helps companies use generative AI without the cost or risk of a big-bang IT overhaul. Delivering reliable, secure, data-in-place conversational AI, Konsilix was founded by tech veterans with AI/ML/edge expertise from leading hyperscalers and GSIs. Visit https://www.konsilix.com.

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Galaxy Macau Welcomes Yamazato’s First One Diamond Accolade in the 2026 Black Pearl Restaurant Guide, Joining 8½ Otto e Mezzo BOMBANA and Feng Wei Ju as Distinguished Awardees


MACAU SAR – Media OutReach Newswire – 23 March 2026 -Galaxy Macau proudly celebrates a new milestone in its culinary journey, as Yamazato makes its inaugural appearance in the 2026 Black Pearl Restaurant Guide with a prestigious One Diamond rating. This recognition marks Yamazato‘s first inclusion in the influential dining guide and positions it alongside two of the Group’s acclaimed restaurants — 8½ Otto e Mezzo BOMBANA and Feng Wei Ju at StarWorld Hotel — both of which have once again been awarded One Diamond. Together, the accolades reaffirm Galaxy Macau’s unwavering commitment to elevating Macau’s gastronomic landscape through excellence, innovation and culinary artistry.

Galaxy Macau celebrates its gastronomic achievements as Yamazato debuts in 2026 Black Pearl Restaurant Guide with One Diamond, in addition to 8½ Otto e Mezzo BOMBANA and StarWorld Hotel’s Feng Wei Ju retaining their One Diamond distinctions.
Galaxy Macau celebrates its gastronomic achievements as Yamazato debuts in 2026 Black Pearl Restaurant Guide with One Diamond, in addition to 8½ Otto e Mezzo BOMBANA and StarWorld Hotel’s Feng Wei Ju retaining their One Diamond distinctions.

The results were announced today at the 2026 Black Pearl Restaurant Guide Awards Ceremony for Hong Kong, Macau, Taiwan and overseas regions, held in Singapore.

Yamazato: A Refined Expression of Japanese Culinary Craftsmanship

Yamazato at Galaxy Macau debuts in the 2026 Black Pearl Restaurant Guide with a One Diamond rating, recognising its seasonal Japanese seafood, premium ingredients and refined kaiseki artistry framed by serene resort views.
Yamazato at Galaxy Macau debuts in the 2026 Black Pearl Restaurant Guide with a One Diamond rating, recognising its seasonal Japanese seafood, premium ingredients and refined kaiseki artistry framed by serene resort views.

Located on the 28th floor of Hotel Okura Macau, Yamazato showcases the pinnacle of Japanese fine dining, anchored by its artisanal kaiseki and complemented by impeccably sourced seafood, pristine sashimi and sushi, and thoughtfully curated premium beef selections. Under the guidance of Executive Chef Hideaki Hayashi, each dish is crafted with precision to express the purity and beauty of the season.

With its understated Japanese design and sweeping views of Galaxy Macau’s landscaped gardens, the restaurant offers a serene and elegant setting. A main dining room, intimate sushi counter and a private room for up to 12 guests create a versatile yet immersive dining experience.

Yamazato‘s One Diamond debut is a strong testament to its culinary vision, craftsmanship and commitment to exceptional service.

Culinary Icons Continue Their Legacy of Excellence

Feng Wei Ju at StarWorld Hotel is honoured with One Diamond distinction once again in the 2026 Black Pearl Restaurant Guide
Feng Wei Ju at StarWorld Hotel is honoured with One Diamond distinction once again in the 2026 Black Pearl Restaurant Guide

At StarWorld Hotel, Feng Wei Ju continues to set the benchmark for Hunan and Sichuan cuisine in Macau. Under the leadership of Executive Chef Chan Chek Keong, the restaurant—renowned for its bold flavours, technical finesse and modern interpretations of regional classics—celebrates its continued recognition with a One Diamond rating in the Black Pearl Restaurant Guide. This achievement complements its exceptional distinction of holding Two MICHELIN Stars for ten consecutive years, underscoring its longstanding leadership in regional Chinese cuisine.

8½ Otto e Mezzo BOMBANA, Italian fine-dining at Galaxy Macau, extends its One Diamond accolade for the third year in one of China’s most authoritative restaurant guide.
8½ Otto e Mezzo BOMBANA, Italian fine-dining at Galaxy Macau, extends its One Diamond accolade for the third year in one of China’s most authoritative restaurant guide.

Meanwhile, 8½ Otto e Mezzo BOMBANA at Galaxy Macau continues to uphold its distinguished One Diamond standing. Guided by Executive Chef Marino D’Antonio, the restaurant remains celebrated for Italian cuisine that marries heritage with contemporary finesse. Its unwavering emphasis on exceptional ingredients, precise technique and disciplined consistency has earned it an impressive eleven consecutive years of MICHELIN starred recognition, securing its place as one of Macau’s most enduring and admired fine dining destinations.

Reaffirming Galaxy Macau’s Culinary Excellence

Collectively, these honours underscore the depth, diversity and consistency of Galaxy Macau’s award-winning portfolio, spanning globally recognised fine dining, regional Chinese cuisines and a spectrum of diverse experiences shaped with passion and precision. Together, the achievements reflect the resort’s continued commitment to advancing its culinary offerings and elevating its offerings, reinforcing Galaxy Macau’s role in shaping an exceptional dining scene that resonates with guests from around the world.

The Black Pearl Restaurant Guide is shaped through anonymous assessments by seasoned gastronomes and culinary experts, who evaluate restaurants on culinary excellence, service quality, dining environment and the balance of heritage and innovation. It is regarded as one of the most influential and respected rating systems in China’s dining landscape.

Hashtag: #GalaxyMacau

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

ABOUT GALAXY MACAU INTEGRATED RESORT

Galaxy Macau, The World-class Luxury Integrated Resort delivers the “Most Spectacular Entertainment and Leisure Destination in the World”. Developed at an investment of HK$43 billion, the property covers 1.1 million-square-meter of unique entertainment and leisure attractions that are unlike anything else in Macau. Nine award-winning world-class luxury hotels provide close to 5,000 rooms, suites and villas. They include Banyan Tree Macau, Galaxy Hotel, Hotel Okura Macau, JW Marriott Hotel Macau, The Ritz-Carlton, Macau, Broadway Hotel, Raffles at Galaxy Macau, Andaz Macau, and Capella at Galaxy Macau. Unique to Galaxy Macau, the 75,000-square-meter Grand Resort Deck features the world’s longest Skytop Adventure Rapids at 575-meters, the largest Skytop Wave Pool with waves up to 1.5-meters high and 150-meters pristine white sand beach. Two five-star spas from Banyan Tree Spa Macau and The Ritz- Carlton Spa, Macau help guests relax and rejuvenate.

As the dining destination in Asia, Galaxy Macau offers a wide variety of gastronomic delights, exquisite experiences and ingredients of the finest quality with over 120 dining options from Michelin dining to authentic delicacies.

Embark on a delightful and rewarding journey at Galaxy Promenade, the one-stop shopping destination boasting some of the world’s most iconic luxury brands. Be the first to get the latest limited-edition items; explore fascinating pop-ups by coveted labels and revel in fabulous shopping rewards and privileges. Our VIPs are entitled to a highly-curated experience with dedicated personal shoppers at guests’ service, and be invited to exclusive luxury brand events. A different caliber of privileges and rewards also await. Discover the joys of fashion and stand at the forefront of style and sophistication—Galaxy Promenade has everything guests need to stay ahead of the style game.

Galaxy Cinemas takes immersive movie experiences to the next level with the latest audio-visual technology, ultra-luxurious facilities and bespoke services; CHINA ROUGE, one-of-a-kind cabaret lounge that evokes the glamor of Shanghai’s golden era with stylish entertainment and customizable surrounds; and Foot Hub, which presents the traditional art of reflexology for authentic relaxation and revitalization. For Authentic Macau Flavours and Vibrant Asian Experiences, Broadway Macau – just a 90-second walk via a bridge from Galaxy Macau, has over 35 Authentic Macau & Asian Flavours at Broadway Food Street. The 2,500-seat Broadway Theatre plays host to world-class entertainers and a diverse array of cultural events.

Meeting, incentive and banquet groups are also catered to with a portfolio of unique venues in Galaxy Macau and an expert service team. Galaxy International Convention Center (GICC) is the latest addition to the Group’s ever-expanding integrated resort precinct and will usher in a new era for the MICE industry in Macau. GICC is a world-class event venue featuring 40,000-square-meters of total flexible MICE, and the 16,000-seat Galaxy Arena – the largest indoor arena in Macau.

For more details, please visit and

About StarWorld Hotel Macau

StarWorld Hotel, Galaxy Entertainment Group’s (GEG) first five-star flagship hotel, is located in the heart of Macau’s business and entertainment hub on the Macau Peninsula. The iconic 39-storey hotel is famed for its distinctly Asian characteristics of intelligence, experience and innovation and its star-rated quality in hospitality, entertainment, accommodation and dining.

Opened in 2006, StarWorld Hotel is the hub to see everything the city has to offer, and it appeals to tourists from all over the world. Renowned for its ultra-high levels of personal services to guests, StarWorld has won numerous prestigious awards including the 5-Star Diamond Award from the American Academy of Hospitality Sciences, the Top 100 Hotels of China designation from the China Hotel Industry Summit, the Top 10 Glamorous Hotels of China designation from the China Hotel Starlight Awards, the Supreme Award for the Most Glamorous Hotel of Asia from the Golden Horse Awards of China Hotels and the “Top Class Comfort Hotels” from Michelin Guide Hong Kong & Macau from 2014 to 2020.

For more information, please visit .

Roar Together, Rise Together: Football Association Of Singapore Launches Brand Film Celebrating The Nation’s Love For The Game

Through the journey of Men’s National Team Head Coach Gavin Lee, from boyhood dreams to leading the Lions


SINGAPORE – Media OutReach Newswire – 23 March 2026 – The Football Association of Singapore (FAS) has launched a new brand film that captures the universal love for football, inviting Singaporeans to see themselves in the Lions’ journey and rally behind the national team.

A scene from FAS’ brand film, capturing Singapore coming together in support of the national team
A scene from FAS’ brand film, capturing Singapore coming together in support of the national team

At its heart, the film tells a deeply human story through the Men’s National Team Head Coach, Gavin Lee. From a young boy discovering the game to leading the national team on the touchline, his journey reflects the enduring connection many Singaporeans share with football across generations, backgrounds, and walks of life.

Developed by FAS, the film moves beyond the pitch to spotlight the emotions, memories, and meaning that define football’s place in Singapore’s identity. It is a reminder that football is more than a game. It is a shared language that brings people together. The film has been released on FAS social media platforms and is also available on the FAS YouTube channel.

Set against the backdrop of the Lions’ ongoing journey, the film underscores a unifying message that in every Singaporean, there is a spirit of the Lion. Whether in the stands, on the streets, or on the pitch, that spirit is carried through belief, resilience, and pride.

The launch comes at a special moment for the Lions, who return home after making history on the road, qualifying for the AFC Asian Cup on merit for the first time.

Unleash Your Roar at the National Stadium. For Football. For Singapore.

With their place secured, the team will play their final qualifier against Bangladesh on 31 March at the National Stadium, offering fans the opportunity to celebrate this milestone together.

For supporters cheering on the Lions live at the National Stadium, gates will open from 6pm. Pre-match fan zone and stadium activities will include Shopee Sure-Win Scratch Card digital giveaways, airbrush tattoos, sticker stations, on-site jersey customisation, dedicated photo installations and welcome boards.

From 7pm, the atmosphere inside the stadium will build further with freebie drops from the stands, a live Kallang Roar Noise Meter, a matchday grand draw, and a live pre-match performance by Shazza.

Entertainment will continue at half-time with a live performance by Iman Fandi, while supporters in attendance can also receive a complimentary Playback Asia AFC Qualifying Campaign Commemorative Card, available at the in-stadia merchandise booths while stocks last.

Following the final whistle, the Lions will return to the pitch to thank supporters before the evening concludes with a stadium-wide pyrotechnic display celebrating Singapore’s successful qualification campaign.

Moments like these reflect FAS’ commitment to growing a vibrant football culture, bringing Singaporeans together in shared pride and support for the Lions.

As the Lions take to the field on 31 March, FAS calls on all Singaporeans to stand together, wear red, make their voices heard, and be part of the roar.

Tickets for the AFC Asian Cup™ 2027 Qualifiers match between Singapore and Bangladesh on 31 March at the National Stadium are available via Ticketek. Official Lions merchandise is also available on the FAS Official Store on Shopee. For more information about matchday festivities, please visit: https://fas.org.sg/road-to-riyadh/.

Hashtag: #FAS




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

ABOUT THE FOOTBALL ASSOCIATION OF SINGAPORE

The Football Association of Singapore is responsible for developing and advancing the game at all levels. Providing a structure for the game to flourish and governing the running of football in Singapore, the FAS also ensures that the Laws of the Game are adhered to, from the professional league to amateur leagues.

The FAS also manages the organisation and running of league and cup competitions, the stewardship of international teams, the establishment of youth development, women’s football, refereeing and coaching frameworks.

The mission of the FAS is to develop a vibrant football culture to enhance national life, strengthen social harmony and evoke the Singapore spirit.

For more information, please visit us at:

Gamehaus Holdings Inc. Announces Unaudited Financial Results for the Second Quarter of Fiscal 2026 Ended December 31, 2025

SHANGHAI, March 23, 2026 /PRNewswire/ — Gamehaus Holdings Inc. (“Gamehaus” or the “Company”) (Nasdaq: GMHS), a technology-driven mobile game publisher, today announced its unaudited financial results for the second quarter of fiscal year 2026 ended December 31, 2025.

Second Quarter of Fiscal Year 2026 Financial Highlights

  • Total revenue was US$26.3 million, representing a 7.8% decrease from US$28.5 million in the second quarter of fiscal year 2025. In-app purchases contributed US$23.9 million, while advertising revenue reached US$2.4 million.
  • Total operating costs and expenses were US$25.4 million, representing a 10.1% reduction from US$28.3 million in the second quarter of fiscal year 2025.
  • Net income was US$0.9 million, representing a 151.2% increase from US$0.4 million in the second quarter of fiscal year 2025.

Second Quarter of Fiscal Year 2026 Operating Highlights

in thousands, except percentages

For the Three Months Ended

December 31,

2025

2024

Average MAUs[1]

2,760

3,832

Average DAUs[2]

499

716

ARPDAU[3]

0.566

0.440

Average DPUs[4]

13

15

Average Daily Payer Conversion Rate[5]

2.5

%

2.1

%

Average 7D Retention Rate[6]

8.7

%

10.2

%

[1] Average Monthly Active Users, or Average MAUs, is defined as the number of individual users who play a game during a particular month.

[2] Average Daily Active Users, or Average DAUs, is defined as the number of individual users who play a game on a particular day.

[3] Average Revenue Per Daily Active User, or ARPDAU, is calculated by dividing revenue generated during a specific period by the Average DAU for that period, then further dividing by the number of days in the period.

[4] Average Daily Paying Users, or Average DPUs, is defined as the number of individuals who made a purchase in a game during a particular day.

[5] Average Daily Payer Conversion Rate is calculated by dividing Average DPUs for a specific period by the Average DAUs for that period.

[6] Average Day Seven Retention Rate is calculated by dividing the number of new users who continue using the app on the seventh day after installation for a specific period by the total number of new users for that period.

Mr. Feng Xie, founder and chairman of Gamehaus, commented: “We are pleased with our second quarter results, which demonstrate continued progress in our transition toward a more efficient and sustainable operating model. Revenue of $26.3 million came in near the upper end of ourrevenue forecast for the second quarter, and more importantly, net income grew approximately 151% period-over-period while operating margin expanded to 3.3% from 0.8% in the year-ago period. These improvements reflect the cumulative impact of the disciplined adjustments we have made across our cost structure, user acquisition strategy, and product portfolio over the past several quarters. Looking ahead, we are advancing a diversified product pipeline across both RPG and Puzzle genres, with multiple titles moving into active development and scheduled launches. We remain focused on strengthening our platform capabilities and leveraging AI-driven efficiencies to position us for our next phase of growth.”

Second Quarter of Fiscal Year 2026 Unaudited Financial Results

Revenue

Total revenue was US$26.3 million in the second quarter of fiscal year 2026, decreasing 7.8% from US$28.5 million in the second quarter of fiscal year 2025. The decline primarily resulted from the Company’s reduction in user acquisition spending, which was a strategic move to optimize resource allocation and redirect investment toward the development of new game categories and upcoming projects, as well as their subsequent launch and promotion, aiming to strengthen the Company’s game portfolio and support sustainable long-term growth.

Advertising costs decreased by 18.9% in the second quarter of fiscal year 2026 compared to the second quarter of fiscal year 2025, resulted in reduced traffic and user acquisition, which in turn affected revenue performance. In-app purchase revenue decreased 6.4% to US$23.9 million in the second quarter of fiscal year 2026 from US$25.5 million in the second quarter of fiscal year 2025, while advertising revenue was US$2.4 million in the second quarter of fiscal year 2026, compared to US$3.0 million in the second quarter of fiscal year 2025. These headwinds were partially offset by enhanced in-game content and live-ops features, which continued to drive engagement and monetization among the Company’s existing player base.

Additionally, the Company is actively expanding its pipeline of games, with new titles in the Puzzle and RPG genres currently in the development and testing phase. The Company strategically allocated marketing budgets to support these products and intends to launch extensive promotional campaigns upon their commercial release.

Operating Costs and Expenses

Total operating costs and expenses were US$25.4 million in the second quarter of fiscal year 2026, representing a 10.1% reduction from US$28.3 million in the second quarter of fiscal year 2025.

  • Cost of revenue decreased by 10.2% to US$12.2 million in the second quarter of fiscal year 2026, from US$13.5 million in the second quarter of fiscal year 2025. The decrease was primarily due to lower platform fees and reduced profit-sharing payments to game developers.
  • Research and development expenses increased 7.5% to US$2.1 million in the second quarter of fiscal year 2026, from US$2.0 million in the second quarter of fiscal year 2025. The increase was mainly attributable to the Company’s strategic collaborations with multiple developers throughout the development and testing phases.
  • Selling and marketing expenses decreased by 18.4% to US$9.7 million in the second quarter of fiscal year 2026, from US$11.9 million in the second quarter of fiscal year 2025. The reduction was primarily driven by a US$2.1 million decline in advertising costs related to player acquisition and retention, consistent with the Company’s strategy to scale back promotional spending amid volatile ad performance across major platforms and to optimize efficiency for mature titles.
  • General and administrative expenses were US$1.4 million in the second quarter of fiscal year 2026, representing an increase of 65.5% from US$0.9 million in the second quarter of fiscal year 2025. The increase was primarily attributable to higher salary expenses primarily associated with the Company’s efforts to improvecorporate governance, financial reporting, and investor relations capabilities as a public company, as well as the strengthening of the management team and key functional roles as part of its strategic workforce planning to support business expansion and long-term growth.

Operating Income

Operating income was US$0.9 million in the second quarter of fiscal year 2026, compared to US$0.2 million in the second quarter of fiscal year 2025. Operating margin was 3.3% in the second quarter of fiscal year 2026, compared to 0.8% in the second quarter of fiscal year 2025.

Other Income, Net

Other income, net, which mainly included the Company’s non-operating income and expenses, interest income and expenses, investment income (loss), and other income and expenses, was US$0.1 million in the second quarter of fiscal year 2026, compared to US$0.2 million in the second quarter of fiscal year 2025.

Net Income

Net income was US$0.9 million for the second quarter of fiscal year 2026, compared to US$0.4 million in the second quarter of fiscal year 2025. Net income attributable to Gamehaus Holdings Inc.’s shareholders per ordinary share was US$0.02 for the second quarter of fiscal year 2026, compared to US$0.01 in the second quarter of fiscal year 2025.

Cash and Cash Equivalents

Cash and cash equivalents were US$17.4 million as of December 31, 2025, compared to US$15.2 million as of June 30, 2025, which the Company believes is sufficient to meet its current liquidity and working capital needs for the next 12 months.

Business Outlook

For the third quarter of fiscal year 2026 ending March 31, 2026, the Company expects its total revenue to be in the range of approximately US$24 million to US$26 million. This forecast reflects the Company’s current and preliminary view of its expected financial performance, business situation and market condition, which is subject to change.

Recent Development

Share Repurchase Plan Update

In August 2025, the board of directors of the Company approved a share repurchase plan, pursuant to which the aggregate value of Class A ordinary shares authorized for repurchase under the plan through August 28, 2026 shall not exceed US$5 million. Repurchases may be made from time to time through open market transactions at prevailing market prices, in privately negotiated transactions, in block trades, and/or through other legally permissible means, including through the use of trading plans, intended to qualify under Rule 10b-18 under the Securities Exchange Act of 1934, as amended, in accordance with applicable securities laws and other restrictions and subject to market conditions and in accordance with applicable federal securities laws. The timing and actual amount of repurchases will be determined at the discretion of the Company’s management, based on factors including share price, trading volume, market conditions, business outlook, and capital allocation priorities. 

As of December 31, 2025, the Company had repurchased approximately 370,000 of its Class A ordinary shares for approximately US$459,000.

Conference Call Information

The management team of Gamehaus will host a conference call at 08:00 A.M. Eastern Time on Monday, March 23, 2026 (08:00 P.M. Beijing/Hong Kong time on the same day) to discuss the financial results. In advance of the conference call, all participants must use the following link to complete the online registration process. Upon registering, each participant will receive access details for this conference including a conference passcode, a unique PIN number (personal access code), dial-in numbers, and an e-mail with detailed instructions to join the conference call.

Participant Online Registration: https://dpregister.com/sreg/10207119/10368ff0a4d

A live and archived webcast of the conference call will be available on the Company’s Investor Relations website at https://ir.gamehaus.com/.

About Gamehaus

Gamehaus Holdings Inc. is a technology-driven global mobile game publisher dedicated to bridging creative studios and players worldwide. With a portfolio spanning mid-core and casual games, Gamehaus delivers full-stack publishing support across market insights, user growth, live-ops, data analytics and monetization optimization. With a vision to be the go-to partner for creative teams, the company specializes in combining global publishing reach with AI- and data-powered solutions to help partners build lasting success. For more information, please visit https://ir.gamehaus.com.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements, including, but not limited to, the Company’s business plan and outlook. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these statements by the use of words such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may”, or other similar expressions in this press release. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results due to various risks and uncertainties, including but not limited to those described under the “Risk Factors” section in the Company’s annual report on Form 20-F filed with the U.S. Securities and Exchange Commission.

Investor Relations Contact

Gamehaus Holdings Inc.
Investor Relations Team
Email: IR@Gamehaus.com 

The Blueshirt Group
Mr. Jack Wang
Email: Gamehaus@TheBlueshirtGroup.co 

 

GAMEHAUS HOLDINGS INC. AND ITS SUBSIDIARIES

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

(Amount in USD dollars, except for number of shares or otherwise noted)

As of

December 31,

2025

June 30,

2025

(Unaudited)

(Audited)

ASSETS

CURRENT ASSETS:

Cash and cash equivalents

$

17,355,214

$

15,234,745

Short-term investments

2,609,549

1,345,154

Accounts receivable

9,876,025

10,423,418

Advanced to suppliers

9,737,823

9,442,382

Prepaid expenses and other current assets

3,599,492

3,128,788

TOTAL CURRENT ASSETS

43,178,103

39,574,487

NON-CURRENT ASSETS:

Plant and equipment, net

142,139

124,503

Intangible assets, net

4,619,603

5,001,523

Right-of-use assets, net

332,610

512,647

Equity investments

1,951,542

1,995,021

TOTAL NON-CURRENT ASSETS

7,045,894

7,633,694

TOTAL ASSETS

$

50,223,997

$

47,208,181

LIABILITIES

CURRENT LIABILITIES:

Short-term borrowing

$

286,000

$

Accounts payable

10,112,213

10,752,234

Contract liabilities

1,711,540

1,871,120

Accrued expenses and other current liabilities

1,473,620

903,252

Lease liabilities

262,856

463,064

Taxes payable

75,570

51,599

TOTAL CURRENT LIABILITIES

13,921,799

14,041,269

NON-CURRENT LIABILITY:

Lease liabilities

33,090

58,517

TOTAL NON-CURRENT LIABILITY

33,090

58,517

TOTAL LIABILITIES

$

13,954,889

$

14,099,786

SHAREHOLDERS’ EQUITY:

Class A ordinary shares (par value of $0.0001 per share;
900,000,000 shares authorized, 49,520,156 and 37,971,245 shares
issued and outstanding as of December 31, 2025 and June 30, 2025,
respectively)

4,952

3,797

Class B ordinary shares (par value of $0.0001 per share;
100,000,000 shares authorized, 7,799,057 and 15,598,113 shares
issued and outstanding as of December 31, 2025 and June 30, 2025,
respectively)

780

1,560

Additional paid-in capital

10,953,826

10,954,201

Treasury Stock

(458,738)

Retained earnings

26,435,808

23,543,001

Accumulated other comprehensive loss

(423,266)

(1,276,222)

TOTAL GAMEHAUS HOLDING INC’S SHAREHOLDERS’
EQUITY

36,513,362

33,226,337

Non-controlling interests

(244,254)

(117,942)

TOTAL SHAREHOLDERS’ EQUITY

36,269,108

33,108,395

TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY

$

50,223,997

$

47,208,181

 

 

 

GAMEHAUS HOLDINGS INC. AND ITS SUBSIDIARIES

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

AND COMPREHENSIVE INCOME

(Amount in USD dollars, except for number of shares or otherwise noted)

For the

Three Months Ended

December 31,

For the
Six Months Ended

December 31,

2025

2024

2025

2024

(Unaudited)

(Unaudited)

(Unaudited)

(Unaudited)

REVENUE

$

26,295,028

28,518,928

$

54,033,904

$

58,488,446

OPERATING COST AND EXPENSES

   Cost of revenue

(12,155,827)

(13,542,268)

(25,438,752)

(27,565,976)

   Research and development expenses

(2,131,820)

(1,983,658)

(3,311,498)

(2,985,550)

   Selling and marketing expenses

(9,728,443)

(11,914,898)

(20,570,983)

(24,450,883)

   General and administrative expenses

(1,408,092)

(850,824)

(2,841,247)

(1,763,336)

OPERATING INCOME

$

870,846

$

227,280

$

1,871,424

$

1,722,701

OTHER INCOME (EXPENSES):

    Investment income (loss), net

(122,761)

24,668

557,325

5,225

    Interest income

160,652

124,896

335,284

279,386

    Other income, net

32,755

65,102

40,399

52,161

        Total other income, net

70,646

214,666

933,008

336,772

INCOME BEFORE INCOME TAXES

941,492

441,946

2,804,432

2,059,473

INCOME TAXES EXPENSES

(25,792)

(77,406)

(38,270)

(128,236)

NET INCOME

915,700

364,540

2,766,162

1,931,237

Less: net loss attributable to non-controlling interests

(63,206)

(38,950)

(126,645)

(29,502)

NET INCOME ATTRIBUTABLE TO
  GAMEHAUS HOLDINGS INC’S
  SHAREHOLDERS

978,906

403,490

2,892,807

1,960,739

OTHER COMPREHENSIVE INCOME

Net income

915,700

364,540

2,766,162

1,931,237

Foreign currency translation adjustment, net of tax

1,172,520

1,428,152

853,289

(180,335)

TOTAL COMPREHENSIVE INCOME

$

2,088,220

$

1,792,692

$

3,619,451

$

1,750,902

Less: total comprehensive loss attributable to non-
   controlling interests

(62,927)

(38,304)

(126,312)

(28,495)

TOTAL COMPREHENSIVE INCOME
   ATTRIBUTABLE TO GAMEHAUS
   HOLDINGS INC’S SHAREHOLDERS

2,151,147

1,830,996

3,745,763

1,779,397

BASIC AND DILUTED EARNINGS PER
   SHARE:

Net income attributable to Gamehaus Holdings Inc’s
   shareholders per share

    Basic and diluted

$

0.02

$

0.01

$

0.05

$

0.04

Weighted average shares outstanding used in
   calculating basic and diluted income per share

Basic and diluted

$

53,310,709

$

50,000,000

$

53,437,778

$

50,000,000

* Presented on a retroactive basis to reflect the reverse recapitalization.

 

ASUS Unveils Complete Portfolio Support for Intel® Core™ 200S Series

Accelerating Edge AI solutions

TAIPEI, March 23, 2026 /PRNewswire/ — ASUS, a global leader in AIoT solution, today announced full compatibility across its product portfolio with the newly launched Intel® Core™ 200S Series processors. This integration spans a comprehensive range of industrial motherboards, configurable turnkey-to-order (CTOS) embedded systems, and rugged edge AI computers, further empowering sophisticated edge AI applications with enhanced performance, scalability, and reliability.

ASUS Unveils Complete Portfolio Support for Intel® Core™ 200S Series
ASUS Unveils Complete Portfolio Support for Intel® Core™ 200S Series

Purpose-built for embedded and industrial markets, the Intel Core 200S Series leverages the mature LGA 1700 socket and advanced performance hybrid architecture. Customers can easily upgrade existing Intel 600 series-based systems with a simple BIOS update, delivering up to 24 cores and 32 threads with PCIe® 5.0 connectivity and DDR5-5600 memory support. This unlocks significant multi-tasking and AI inferencing power—especially for demanding use cases like machine vision, autonomous vehicles, and intelligent video analytics (IVA).

ASUS is committed to long-term product availability, ensuring supply through 2035 to support extended deployment lifecycles and operational stability—critical for commercial and industrial applications. These solutions maximize the unique advantages of the Intel Core 200S Series, with purposeful design for challenging environments and evolving AI workloads.

Engineered for Reliability and Real-World Performance

ASUS AIoT solutions are engineered to deliver exceptional reliability and performance in real-world edge environments. Each system is rigorously designed to withstand the challenges of industrial and commercial deployments, offering wide operating temperature and voltage ranges as well as robust resistance to shock and vibration—up to 5 GRMS—for dependable operation in factories, vehicles, and outdoor installations. For application-specific needs, ASUS provides tailored features such as in-vehicle platforms with 8~48 volt wide-range DC input and built-in ignition power control, supporting safe and stable operation in mobile and transportation scenarios.

The integration of powerful CPUs and flexible GPU configurations enables advanced AI inferencing and multi-tasking capabilities, making ASUS platforms ideally suited for complex, vision-based edge AI deployments that demand both performance and dependability.

Product Availability

The following ASUS AIoT offerings are now available with Intel Core 200S Series processor support:

For more information, please visit: https://iot.asus.com/discover/asus-iot-edge-ai-systems/