Home Blog Page 497

FBA Enters Cooperation Framework Agreement with Zhongqing Baoshang Group

HONG KONG, April 24, 2026 /PRNewswire/ — FBA International Finance Limited (“FBA”), a Hong Kong-based global financial services company, today announced that it has entered into a business cooperation framework agreement with Zhongqing Baoshang Group Co., Ltd, a Beijing-based company operating in China’s retail sector. The agreement is intended to support strategic collaboration in areas aligned with FBA’s business development and market expansion priorities.

The framework agreement provides a basis for cooperation in areas including market development, operational support, and other mutually agreed commercial initiatives, and reflects the parties’ shared interest in exploring long-term commercial opportunities. For FBA, the agreement is intended to support its cross-border financial services strategy and to explore opportunities that may strengthen its operational capabilities, compliance framework, and regional commercial reach.

“This agreement is an important step in broadening our commercial footprint and strengthening strategic relationships in mainland China,” said Scarlett Fang, CFO of FBA. “We look forward to working with Zhongqing Baoshang Group to identify practical initiatives that create long-term value for both parties.”

The parties will continue discussions regarding specific areas of cooperation, with any future initiatives subject to further agreement, internal approvals, and applicable regulatory requirements.

For more information about FBA, visit https://www.fbaif.com/.

About FBA
FBA International Finance Limited is a Hong Kong-based global financial services company providing cross-border payments, foreign exchange services, and business accounts to support companies operating across markets.

Lanvin Group to Report 2025 Full-Year Audited Results on April 30, 2026

SHANGHAI, April 24, 2026 /PRNewswire/ — Lanvin Group (NYSE: LANV, the “Group”), a global luxury fashion group, will release its audited results for the full-year 2025 on Thursday, April 30, 2026. On the same day, at 8:00 a.m. Eastern Daylight Time (8:00 p.m. China Standard Time), the Group will host a conference call and webcast to discuss the released results and provide an outlook for 2026.

Management will refer to a slide presentation during the call, which will be made available on the day of the call. To view the presentation, please visit the “Events” tab of the Group’s investor relations website at https://ir.lanvin-group.com.

All participants who would like to join the conference call must pre-register using the link provided below. Once the registration is complete, participants will receive dial-in numbers, a passcode, and a registrant ID which can be used to join the conference call. Participants may register at any time, including up to and after the call starts.

Registration Link:
https://dpregister.com/sreg/10208533/103e05480f8

A replay of the conference call will be accessible approximately one hour after the live call until May 04, 2026, by dialing the following numbers:

USA Toll Free/Canada: 1-855-669-9658
International Toll: 1-412-317-0088
Replay Access Code: 5101970

Additionally, an archived webcast of the conference call will be available on the Group’s investor relations website at https://ir.lanvin-group.com.

About Lanvin Group

Lanvin Group is a leading global luxury fashion group headquartered in Shanghai, China and Milan, Italy, managing iconic brands worldwide including Lanvin, Wolford, Sergio Rossi and St. John Knits. Harnessing the power of its unique strategic alliance of industry-leading partners in the luxury fashion sector, Lanvin Group strives to expand the global footprint of its portfolio brands and achieve sustainable growth through strategic investment and extensive operational know-how, combined with an understanding and access to the fastest-growing luxury fashion markets in the world. The shares of Lanvin Group are listed on the New York Stock Exchange under the ticker symbol ‘LANV’. For more information about Lanvin Group, please visit http://www.lanvin-group.com, and to view our investor presentation, please visit www.lanvin-group.com/investor-relation/.

Enquiries:

Media
Lanvin Group
Winni Ren
winni.ren@lanvin-group.com

Investors
Lanvin Group
Coco Wang
coco.wang@lanvin-group.com

Infinix Launches GT 50 Pro: The Ultimate Hardcore Gaming Flagship with Industry-First Cooling and Control

Driven by a breakthrough thermal engine, the Infinix GT 50 Pro harmonizes physical precision, flagship hardware, and software intelligence to transform a mobile device into a powerhouse for next-generation gaming experience.

HONG KONG, April 24, 2026 /PRNewswire/ — Infinix today officially unveils the GT 50 Pro, the gaming powerhouse serving as the centerpiece of the constantly expanding hardware ecosystem known as the New GT Ecosystem. More than an incremental update, the GT 50 Pro marks a strategic evolution by synchronizing the three core dimensions of Physical Refinement, Thermal Sovereignty and Intelligent Optimization. This approach eliminates the common friction between hardware and real-world performance, helping dedicated gamers showcase their skill by overcoming the inherent limitations of the smartphone form factor.

 

Infinix Global Brand Ambassador: YUNA
Infinix Global Brand Ambassador: YUNA

Infinix GT 50 Pro Liquid Flow Hyper Performance
Infinix GT 50 Pro Liquid Flow Hyper Performance

Showcasing both its physical and visual sophistication, the GT 50 Pro introduces the HydroFlow Liquid Cooling Architecture, a specialized thermal engine carefully designed to solve the persistent pain point of overheating. With powerful heat dissipation and active circulation ensuring stability, the GT 50 Pro forms the definitive gateway to Infinix’s connected New GT Ecosystem and its refined accessories and AIoT peripherals. This comprehensive package delivers a seamless competitive gaming sanctuary — a refuge from distraction where performance and responsiveness lead to victory — for the hardcore gaming community.

“The GT 50 Pro represents the synergy of Infinix’s next-generation cooling architecture and carefully engineered software,” shared Weiqi Nie, Infinix Product Director of Infinix. “We are proud to drive the transformation of previous-generation mobile device experiences toward a unified, competitive gaming platform in the New GT Ecosystem that moves beyond the typical smartphone and offers enthusiasts a powerfully interactive ecosystem.”

The Three Pillars of GT 50 Pro Dominance

It’s not enough for a modern smartphone to merely be good. To truly stand out from the field, Infinix’s gaming flagship leverages intentional design decisions and a user-forward experience, with its crosshairs on premium gaming performance and real competitive advantage. The GT 50 Pro upgrades players’ skills with multifunctional, high-precision interactivity — that’s where the heart of the New GT Ecosystem pushes boundaries with three integral approaches.

Physical Refinement: Tactile Precision and a Hypercar Aesthetic

The GT 50 Pro redefines mobile ergonomics by merging the first-ever Open-Cut Pressure-Sense GT Trigger with a refined hypercar aesthetic in a combination of tactile control and functional engineering. To bridge the gap between mobile and console-grade control, the GT 50 Pro employs the GT Trigger system: a pair of dual-pressure mechanical triggers with a combination of functionality unlike anything the industry has seen yet. Engineered specifically to support advanced tactics including complex “claw grip” maneuvers, they enable the tactile precision needed in high-stakes play.

The Pressure-Sense GT Trigger’s diverse functionality plays a huge role solidifying the GT 50 Pro as the definitive physical interface of a hardcore gaming sanctuary. At its core, dual-stage pressure-sensing technology allows for light press, heavy press, and sliding inputs that bring intricate in-game actions to players’ fingertips. Complementing this versatility, up to 4 adjustable mapping points per trigger and 10 pressure levels make it easy to personalize control for decreased reaction time. Furthermore, with latency held below 20ms and a rugged construction that withstands over 3 million presses, the device ensures consistent responsiveness throughout its long lifespan. Ultimately, this combination of performance-forward features significantly improves aiming, skill activation, and weapon switching during gameplay of today’s most popular titles.

GT Trigger’s instant convenience isn’t limited to just performing complex combos — it also serves as a sophisticated universal command center. By sliding both buttons inward during gameplay, users can instantly take a screenshot or screen recording, access Select & Search, initiate a memory cleanup, or enter Off-screen Gaming mode. This same dual inward slide motion can also summon the Folax AI assistant, providing instant access to a wealth of knowledge and actions via natural language input. Furthermore, functionality extends even further beyond games, with GT Trigger shortcut support for quick-launching apps, controlling video playback, customizing lighting effects, and more. The versatile control scheme is deeply integrated with many of today’s most-used features: for instance, within the camera app, single-tap and long-press actions can take regular or burst photos or begin video recording, and the lower-right trigger allows for easy sliding zoom. As a complete package, GT Trigger’s expansive feature set has never been approached by any device until the GT 50 Pro.

Inspired by the pursuit of speed and skill, the GT 50 Pro’s design reimagines mobile aesthetics through the lens of hypercar engineering. By embracing this high-speed, high-precision ethos, the device seamlessly integrates advanced ergonomics and instantly recognizable expression with aerodynamic principles into its bold new form. Central to this design is the transparent Pipeline Window Display, which provides a real-time window as liquid coolant flows through the system, emphasizing the power of true heat dissipation. Combined with the visible flowing action, the GT 50 Pro’s clean lines, aerodynamic details, and sophisticated kevlar-inspired finish exude an evolved, competitive aesthetic. Sleeker and more refined than its predecessor, the GT 50 Pro pushes mobile design into the next generation.

Complementing the unique Black Abyss, Red Blaze, and Silver Glacier color schemes is Mechanical Light Waves—a dynamic RGB array designed for a professional esports identity. Four crosshair LED strips accentuate the visible liquid cooling window, creating a high-recognition aesthetic that celebrates raw technical power. With 14 lighting scenarios and 8 customizable colors, this system delivers a futuristic, cohesive visual experience for both gaming and daily use.

Thermal Sovereignty: Next-Generation Cooling Hardware

Hardcore gamers understand a fundamental truth: heat is the enemy of performance. To combat this, the GT 50 Pro introduces a paradigm shift in thermal management. At its core is the industry-first 100% coverage of core heat sources by micro-pump liquid cooling that maintains a direct link between the most thermally intensive components and the liquid cooling network. By thoroughly drawing heat away from the most thermally intensive areas, this system ensures unwavering stability. This also is the industry’s largest micro-pump liquid cooling, boasting a massive 6437mm² diaphragm area for superior heat dissipation and rapid thermal conduction. This expansive surface is connected via precision channels, etched with micron-level laser accuracy to optimize flow. Within this network, specially formulated coolant is circulated at a rate of 6.5ml per minute by a pioneering piezoelectric-driven ceramic heat pump, the first of its kind in the industry. The result: maintains high performance under heavy load and ensures a consistently high frame rate even during extended, high-intensity competitive gaming sessions. And because gamers demand the best and always push for the next level, that’s just the start of the GT 50 Pro performance story.

Building upon this internal foundation, Infinix’s GT Magcharge Cooler 2.0 takes thermal sovereignty to yet another level and makes the New GT Ecosystem greater than the sum of its parts. Exclusively when used with the GT 50 Pro, the multifunctional cooler offers the industry’s first wireless bypass charging, by routing power directly to the computing chipset instead of the battery, it significantly extends battery lifespan while simultaneously lowering device temperatures during peak performance. By avoiding an unnecessary step to convert energy, this heads off excess heat at the source and promotes sustained efficiency and performance without throttling. And as the cooler directly feeds the most resource-intensive components, it also actively refrigerates them. Featuring 12 watts of active thermoelectric refrigeration supported by a dynamic, GT Magcharge Cooler 2.0 unlocks an additional layer of potential for pushing the GT 50 Pro’s powerful hardware to its absolute limit.

Intelligent Optimization: Focused Software and Game-Changing AI Tools

Superior cooling lays the perfect foundation for the GT 50 Pro’s gaming intelligence suite to shine. From Hardcore Esports Mode and Native 144FPS¹ fluidity to the suite of AI² enhancements in XOS 16, every feature is intelligently optimized to deliver a sustained, console-like competitive experience for hardcore gamers.

In addition, Infinix’s ongoing collaboration with global game publishers through the GT Gaming Co-Lab further elevates the entire software ecosystem. This partnership has enabled breakthroughs such as the AI Frame Rescue Engine and Game Thermal Control Engine, which help minimize frame drops and maintain smooth performance even under high frame rates.

Moving beyond surface-level gaming features, Hardcore Esports Mode initiates a deep-level transformation of the GT 50 Pro’s identity. With a single tap, it optimizes the device into a high-performance gaming powerhouse for elite-level play. It applies a complete UI overhaul, bold gaming wallpapers and animations, and automatic blocking of system gestures and notifications to help players focus on high-intensity gaming sessions that demand full attention.

Further elevating the competitive experience is the Native 144FPS¹ technology, a breakthrough that delivers ultra-smooth fluidity in major esports titles. The GT 50 Pro’s Native 144FPS¹ certification promises ultra-smooth performance in six major esports titles, including Call of Duty: Mobile, Mobile Legends: Bang Bang, Free Fire, and more. The resulting high frame rates and enhanced response time grant diehard gamers a definitive visual advantage in the ever-changing landscape of battle, allowing players to see faster, move faster, and strike with total confidence.

Building from Infinix’s long-standing experience on gaming’s cutting edge, Native 144FPS provides real competitive advantage and doesn’t rely on novel tricks to increase apparent smoothness. With refined, verified high-frame rate output on the hardware level, the GT 50 Pro supports ranked, competitive play including leading official tournaments. Even casual gamers will notice the benefits of smooth, immersive play — as anyone who has transitioned from 60FPS or 90FPS gaming to 144FPS will testify — and the leveled-up responsive puts serious players in a position to succeed in the most heated combat situations.

The GT 50 Pro advances mobile gaming through a deeply integrated intelligent system. At the heart of this is XOS 16 and its suite of AI² features empower players with machine-like consistency and seemingly superhuman dexterity. During critical moments, AI Smart Trigger can automate complex macros in intense scenarios and execute preset actions like auto-reloading or performing combo moves. These AI tools don’t stop at challenging gameplay. It provides a host of AI-supported tools that enhance users’ experience and capabilities from every angle. Real-time vocal strategy cues like shrinking battle zone alerts come courtesy of AI Voice Prompt, while AI ZoneTouch Master dynamically identifies on-screen controls and optimizes touch response for ultra-low latency and pinpoint precision. And when in-game chat heats up, AI Magic Voice Changer protects privacy and boosts team engagement by offering 25 distinct voice tones with customizable fine-tuning. Even Infinix’s Folax 5.0 AI assistant gets in on the game with Instant Trigger Access, opening up a wealth of gaming knowledge — without leaving a session — when players slide inward on both shoulder keys.

Through it all, Infinix equips the GT 50 Pro with the longevity needed for continued excellence. A promise of 3 years of OS version updates and 5 years of security patches keeps performance, compatibility, and features on the cutting edge, and digital safety at the forefront.

A Foundation of Uncompromised Power and Sensory Immersion

Nothing puts mobile hardware to the test like fast-paced gaming, and Infinix’s new powerhouse offers sustained high performance befitting a flagship at every turn. At its core is the MediaTek Dimensity 8400 Ultimate, built on an advanced 4nm all-big-core architecture. It debuts the MediaTek Frame Rate Converter (MFRC), a cutting-edge GPU frame interpolation technology that delivers significantly smoother gameplay without compromising visual fidelity. Running at up to 3.25GHz, the chipset achieves an AnTuTu score of over 2,224,634³, marking a 26.45%³ increase over the GT 30 Pro, ensuring powerful and consistent performance across the most demanding games and applications.

To sustain the demands of elite-level gaming, the GT 50 Pro is anchored by a high-density battery up to 6500mAh⁴ that ensures uninterrupted performance. This massive energy reservoir is supported by a versatile dual-charging suite, featuring 45W wired and 30W wireless charging capabilities to power the device directly and avoid excess battery degradation. To keep smaller accessories like earbuds ready for action, wired reverse charging provides up to 10W of power.

Staying competitive in lobbies full of experienced players also demands uncompromising connectivity, as even a few milliseconds of latency can dictate the outcome of a match. To address this, the GT 50 Pro’s in-house-developed N1 network management chip ensures a 60%³ stronger signal for low ping times and lag-free operation.

Going Beyond Gaming with an Immersive Multimedia Experience

To maintain a competitive sanctuary during extended sessions, visual comfort and acoustic depth reign supreme. Outside of gaming, AI imaging brings exquisite clarity to the real world with the tap of a shutter button. With its latest release, Infinix has engineered a comprehensive collection of multimedia technologies designed to satisfy a huge range of uses.

Bright, Bold, Ultra-Clear Display Technology

True immersion is achieved when elite performance meets advanced display technology. The GT 50 Pro’s 1.5K ultra-clear display produces flagship-grade visuals across a formidable area, measuring 6.78 inches for wide, crisp views of every battle royale map and movie scene. To maintain total visibility and bold colors in any environment, the GT 50 Pro boasts an impressive 4500-nit peak brightness and 100% coverage of the DCI-P3 color gamut.

Elite-level competition often demands extended sessions that stretch deep into the night, the GT 50 Pro is engineered to prioritize long-term visual comfort. Even during long sessions in challenging lighting conditions, the GT 50 Pro remains easy on the eyes thanks to 2304Hz PWM dimming, with TÜV Rheinland low blue light certification promising minimal strain. And if you’re gaming on the go or just especially locked into a film, Motion Sickness Relief Display detects and compensates for real-world motion, encouraging comfort and focus in otherwise distracting scenarios.

To ensure a display free from scratches and structural damage, the GT 50 Pro features a premium layer of Corning® Gorilla® Glass 7i, protecting the bright, high-contrast screen from the bumps and bruises of everyday life. Underneath it, the display panel offers five flexible refresh rates from 30Hz to 144Hz⁵, balancing smooth visuals and battery efficiency. This gives apps and games the headroom to render at high frame rates, and conserves power when everyday usage doesn’t call for all-out performance.

All-Scene, Directional Dolby Atmos Audio

As game sound design, movie tracking, and music composition continue to advance, basic stereo sound doesn’t always cut it. Expanding the GT 50 Pro’s multi-sensory capability is support for Dolby Atmos immersive audio, a powerful, object-based 3D sound processing feature that puts listeners in the middle of the action. Whether using headphones or the powerful onboard speakers, Dolby Atmos enables realistic sound effects with tangible directional origins in supported titles like PUBG Mobile and Call of Duty: Mobile. It’s a stepping stone to the kind of smart competitive advantage hardcore gamers demand of a flagship platform. The GT 50 Pro incorporates this refined dimensional audio technology via selectable Smart, Movie, Gaming⁶, and Music modes that tailor output to perfectly complement engaging media of all types.

Streamlined AI RAW Photography

In an era defined by instant visual storytelling, the GT 50 Pro delivers a high-performance imaging suite engineered to capture the world with fidelity. The GT 50 Pro imaging suite begins with a 50MP main sensor featuring OIS and EIS for rock-solid stability and blur-free everyday photos. Its 8MP ultra-wide lens is perfect for expansive landscapes, and crystal-clear streaming and selfies come easy thanks to a 13MP front camera.

Beneath it all, Infinix’s AI RAW algorithm makes it simple to snap great photos. The refined signal processing technology delivers true-to-life color accuracy and professional-grade clarity, making every shot worth taking and every memory worth saving. Infinix’s AI Studio and Live Photo mode help take memorable scenes to the next level, streamlining the touch-up process and capturing the subtle movements and candid moments that can make mobile photography so magical.

The New GT Ecosystem: Infinixs Expanding Gaming Universe

Streamlined cross-device interaction helps gamers get the most out of any content — imagine the GT 50 Pro as a star, the New GT Ecosystem as the planets orbiting it. Infinix’s upcoming accessories share more with its gaming flagship smartphone than just striking design. They actively enhance gameplay and make it easier to stay more immersed for longer.

The GTBUDS 5 leverage Dolby Atmos to enable the spatial awareness needed for responsive, aware gameplay where an opponent’s footsteps give away their close cover. Furthermore, sub-50ms latency, a 360° panoramic soundstage, and 50dB hybrid active noise cancellation enhance the GT 50 Pro gaming sanctuary with realistic audio while helping maintain focus during tough fights. To get the absolute most out of every game, the GTWATCH 5 Pro serves as a convenient secondary screen, preventing unexpected notifications from interrupting gameplay. Beyond the screen, it features an advanced independent GNSS positioning chip with professional-grade sports algorithms. By integrating AI-driven health & fitness analytics, automatic workout detection, and bluetooth heart-rate broadcasting, it bridges the gap between peak physical condition and elite gaming performance. And stay tuned for the groundbreaking GT Game Controller, which significantly improves ergonomics and works in tandem with the phone’s internal vibration motor to provide more detailed and powerful haptic feedback.

Pricing and Availability

The Infinix GT 50 Pro is available in Black Abyss, Red Blaze, and Silver Glacier. Users can choose between 256GB and 512GB storage configurations, with every model receiving 12GB of RAM plus up to 12GB of toggleable RAM expansion.

*Price and availability vary between markets and sales channels. Please refer to the Infinix Official website for product availability and detailed regional sales information.

Disclaimer

¹ Native 144FPS supported games may vary by region.
² The availability of AI features varies by country and region. Some functions may not be supported in certain markets.
³ Data is obtained from Infinix Labs. Actual performance may vary due to differences in test environment and usage conditions.
⁴ The GT 50 Pro is available in 6500mAh and 6150mAh battery variants, depending on market and region.
⁵ 30Hz refresh rate is supported only in Always-On Display (AOD) mode and is not selectable in the system settings (available options: 60Hz, 90Hz, 120Hz, 144Hz).
⁶ 28 games currently support Dolby Atmos dimensional audio, with the most popular receiving professional tuning.

About Infinix

Established in 2013, Infinix is an innovation-driven brand dedicated to delivering cutting-edge technology, bold design, and outstanding performance. The brand provides smart, enjoyable mobile experiences that enhance everyday life. Beyond smartphones, Infinix has expanded its portfolio to include TWS earbuds, smartwatches, laptops, tablets, smart TVs, and more — building a comprehensive ecosystem of smart devices. Currently, Infinix products are available in over 70 countries and regions worldwide, including Africa, Latin America, the Middle East, South Asia, and Southeast Asia.

For more information, please visit: http://www.infinixmobility.com/

Lanson Place Appoints Louis Chang as Chief Operating Officer


HONG KONG SAR – Media OutReach Newswire – 24 April 2026 – Lanson Place Hospitality Management Limited (“Lanson Place“) is pleased to announce the appointment of Louis Chang as Chief Operating Officer, effective immediately.

Louis Chang, COO of Lanson Place

Prior to joining Lanson Place, Louis served as the Owners’ Representative for New World Development Company, overseeing a portfolio of 21 luxury hotels across Greater China and Southeast Asia. Previously, he spent five years as Operations Controller for Mandarin Oriental Hotel Group and more than two decades in senior finance leadership roles with Hyatt Asia Pacific.

Reporting directly to Michael Hobson, Chief Executive Officer of Lanson Place, Louis will drive growth, optimise performance and further elevate the guest experience for which Lanson Place is already renowned. His extensive background in luxury hospitality includes leading operating efficiencies and hybrid residence and hotel operations.

“We are delighted to welcome Louis to the senior management team,” said Michael Hobson. “His diverse background in asset management, operational accountability, and financial leadership will be instrumental as we continue to enhance our service standards and expand the Lanson Place footprint across the region.”

“I am honoured to join Lanson Place at such an exciting time for the brand,” said Louis Chang. “My years with leading brands taught me that the greatest luxury is feeling at home, and I look forward to working with our talented teams to ensure that devoted, personal spirit shines through in everything we do.”

For high-resolution images, please click here.
Hashtag: #LansonPlace #LouisChang #ChiefOperatingOfficer



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

About Lanson Place Hospitality Management Limited

Lanson Place is a wholly owned subsidiary of Wing Tai Properties Limited (Wing Tai), a publicly listed company in Hong Kong (HKEx stock code: 369). The transformative hospitality management company currently manages eight properties under the Lanson Place brand, comprising Personal Hotels and Residences in Hong Kong, Shenzhen, Shanghai, Singapore, Kuala Lumpur, Manila and Melbourne. Additionally, it manages Two MacDonnell Road in Hong Kong as well as Yiju Apartment in Shenzhen.

Lanson Place provides comfortable, personal sanctuaries for both short-term and extended-stay guests at central locations in major global cities. Infused by a family-like service tradition, Lanson Place creates warm and sheltered places with a club-style feel where communities form and bond. Guests can enjoy a true home-away-from-home experience.

The Group aims to grow the Lanson Place brand across the Asia-Pacific region and continues to explore both investment and management opportunities in major gateway cities.

Website:
Social Media: Instagram – /
Facebook –

VNET Publishes 2025 Environmental, Social and Governance Report

BEIJING, April 24, 2026 /PRNewswire/ — VNET Group, Inc. (NASDAQ: VNET) (“VNET” or the “Company”), a leading carrier- and cloud-neutral internet data center services provider in China, today announced it has published its 2025 Environmental, Social and Governance Report (the “2025 ESG Report”). This is VNET’s sixth ESG report, highlighting the Company’s 2025 initiatives and achievements in environmental practices, intelligent empowerment, ethical governance, and social responsibility.

“ESG remains central to our approach to business innovation, contributing to our operational excellence and sustainable, high-quality growth,” said Josh Sheng Chen, Founder, Executive Chairperson and Interim Chief Executive Officer of VNET. “In 2025, we launched our Hyperscale 2.0 framework based on green energy and advanced our ‘SHIELD’ (Society, Human, Innovation, Environment, Leadership, Development) 2.0 sustainability system, delivering measurable progress toward our ESG goals. As we continue to navigate rapid technology development and industry transformation, we will deepen our commitment to sustainability, strengthening our investments in intelligent infrastructure and green data center operations to create sustainable, long-term value for both our stakeholders.”

2025 ESG Report Highlights:

  • Total energy from renewable sources reached 1,253,719 MWh, accounting for 36% of total resources utilized by VNET in 2025, compared with 18% in 2024.
  • The average annual power usage effectiveness (PUE) was 1.24 at VNET’s data centers with stabilized operations in 2025, improving from 1.27 in 2024.
  • VNET officially launched its Hyperscale 2.0 framework in 2025, leveraging direct green power connection, large-scale energy integration and smart power dispatch to power the intelligent computing era.
  • VNET issued the first green holding-type real estate asset-backed security in China’s IDC industry in 2025, with an offering size of RMB860 million, a breakthrough in green finance and asset securitization innovation.
  • VNET secured its first three-year sustainability-linked loan in 2025, raising a total of RMB650 million.
  • VNET’s integrated source-grid-load-storage project at its Ulanqab IDC Campus was added to the National Development and Reform Commission’s (NDRC) list of green and low-carbon demonstration projects in 2025.
  • VNET maintained Information Technology Service Management System (ISO/IEC 20000) and Information Security Management System (ISO/IEC 27001) certifications, covering all business lines.
  • Nationwide customer satisfaction rate maintained a high level at 99.6%.
  • Maintained 100% coverage of anti-corruption training for directors and employees.
  • Female employees accounted for 26% of VNET’s total workforce, and the percentage of female employees in management positions was 31%.
  • Ongoing recognition from global leading ESG rating institutions: (i) Scored record high of 73 in the 2025 S&P Global Corporate Sustainability Assessment, ranking among the top 7% of the IT Services industry globally, and earning inclusion in the S&P Global Sustainability Yearbook for the second consecutive year; (ii) Awarded a “B” rating on the 2025 CDP Climate Change Questionnaire, with nine out of 16 categories achieving A-grade recognition; (iii) Received a “low risk” ESG Risk Rating from Sustainalytics.

To view the full 2025 ESG Report, please visit the Company’s Investor Relations website at https://ir.vnet.com/ or access the report directly at https://www.vnet.com/en/esg.html.

About VNET

VNET Group, Inc. is a leading carrier- and cloud-neutral internet data center services provider in China. VNET provides hosting and related services, including IDC services, cloud services, and business VPN services to improve the reliability, security, and speed of its customers’ internet infrastructure. Customers may locate their servers and equipment in VNET’s data centers and connect to China’s internet backbone. VNET operates in more than 30 cities throughout China, servicing a diversified and loyal base of over 7,000 hosting and related enterprise customers that span numerous industries ranging from internet companies to government entities and blue-chip enterprises to small- to mid-sized enterprises.

Safe Harbor Statement

This announcement contains forward-looking statements. These forward-looking statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “target,” “believes,” “estimates” and similar statements. Among other things, quotations from management in this announcement as well as VNET’s strategic and operational plans contain forward-looking statements. VNET may also make written or oral forward-looking statements in its reports filed with, or furnished to, the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about VNET’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 the following: VNET’s goals and strategies; VNET’s liquidity conditions; VNET’s expansion plans; the expected growth of the data center services market; expectations regarding demand for, and market acceptance of, VNET’s services; VNET’s expectations regarding keeping and strengthening its relationships with customers; VNET’s plans to invest in research and development to enhance its solution and service offerings; and general economic and business conditions in the regions where VNET provides solutions and services. Further information regarding these and other risks is included in VNET’s reports filed with, or furnished to, the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and VNET undertakes no duty to update such information, except as required under applicable law.

Investor Relations Contact:

Xinyuan Liu
Tel: +86 10 8456 2121
Email: ir@vnet.com

 

MINISO Announces Annual General Meeting on June 18, 2026 and Filing of Annual Report on Form 20-F

GUANGZHOU, China, April 24, 2026 /PRNewswire/ — MINISO Group Holding Limited (NYSE: MNSO; HKEX: 9896) (“MINISO”, “MINISO Group” or the “Company”), a global high-growth value retailer offering a variety of trendy lifestyle products featuring distinctive IP designs, today announced that it will hold an annual general meeting of the Company’s shareholders (the “AGM”) at 11:00 a.m. Beijing time on June 18, 2026 at Flats B-D, 35/F, Plaza 88, 88 Yeung Uk Road, Tsuen Wan, the New Territories, Hong Kong, for the purposes of considering and, if thought fit, passing each of the proposed resolutions set forth in the notice of the AGM (the “AGM Notice”). The AGM Notice, the ballot, the form of proxy and other documents for the AGM are available on the Company’s website at https://ir.miniso.com.

Holders of record of ordinary shares of the Company at the close of business on May 13, 2026, Hong Kong time, are entitled to notice of and to attend and vote at the AGM or any adjournment or postponement thereof. Holders of record of ADSs as of the close of business on May 13, 2026, New York time, who wish to exercise their voting rights for the underlying ordinary shares must give voting instructions directly to The Bank of New York Mellon, the depositary of the ADSs, if ADSs are held on the books and records of The Bank of New York Mellon, or indirectly through a bank, brokerage or other securities intermediary if the ADSs are held by any of them on behalf of holders, as the case may be.

The Company also announced today that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2025 with the United States Securities and Exchange Commission (the “SEC”). The annual report on Form 20-F, which contains the Company’s audited consolidated financial statements for the fiscal year ended December 31, 2025, can be accessed on the SEC’s website at https://www.sec.gov as well as through the Company’s investor relations website at https://ir.miniso.com/.

The Company has also published its Hong Kong annual report today for the fiscal year ended December 31, 2025 pursuant to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “HKEX”), which can be accessed on the Company’s investor relations website at https://ir.miniso.com/ as well as the HKEX’s website at https://www.hkexnews.hk.

About MINISO Group

MINISO Group is a global high-growth value retailer offering a variety of trendy lifestyle products featuring distinctive IP designs. Since opening our first store in Chinese mainland in 2013, the Company has successfully built two brands – “MINISO” and “TOP TOY”. The Company’s flagship brand “MINISO” has grown into a globally recognized retail brand that offers a frequently-refreshed assortment of lifestyle products through an extensive store network worldwide. The Company’s products cover diverse consumer needs and consumers are drawn to MINISO for our products’ trendiness, creativeness, high quality and affordability. For more information, please visit https://ir.miniso.com/.

Safe Harbor Statement

This announcement 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 words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “potential,” “continue” or other similar expressions. MINISO may also make written or oral forward-looking statements in its periodic reports to the SEC and the HKEx, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about MINISO’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 the following: MINISO’s mission, goals and strategies; future business development, financial conditions and results of operations; the expected growth of the retail market and the market of branded variety retail of lifestyle products in China and globally; expectations regarding demand for and market acceptance of MINISO’s products; expectations regarding MINISO’s relationships with consumers, suppliers, MINISO Retail Partners, local distributors, and other business partners; competition in the industry; proposed use of proceeds; and relevant government policies and regulations relating to MINISO’s business and the industry. Further information regarding these and other risks is included in MINISO’s filings with the SEC and the HKEx. All information provided in this press release and in the attachments is as of the date of this press release, and MINISO undertakes no obligation to update any forward-looking statement, except as required under applicable law.

Investor Relations Contact:

MINISO Group Holding Limited
Email: ir@miniso.com
Phone: +86 (20) 36228788 Ext.8039

XTEP Fortifies Southeast Asia Push With 6 New Stores In Malaysia

PR Summary
XTEP International, a leading global performance running brand, has opened six new stores in key Malaysian cities, advancing its aggressive Southeast Asia expansion strategy. The launch aligns with surging running demand and government support via Malaysia Aktif and a RM580 million sports budget. XTEP introduced its 360X 3.0 running shoes tailored for local conditions and will host the XTEP 10KM TIME TRIAL. The six stores mark only the start; XTEP plans significant further retail growth to build a full running ecosystem across Malaysia and Southeast Asia.

KUALA LUMPUR, Malaysia, April 24, 2026 /PRNewswire/ — XTEP International Limited, a leading global performance running brand, today announced the opening of six new stores in key commercial hubs across Malaysia, marking a significant milestone in the brand’s strategic expansion across Southeast Asia. The move underscores XTEP’s long-term confidence in Malaysia’s dynamic running market and confirms plans to grow its retail network well beyond six locations in the country.

Photos of the newly opened Xtep store in Malaysia
Photos of the newly opened Xtep store in Malaysia

Malaysia has emerged as a high-priority market for XTEP, fueled by explosive growth in running participation and strong government support for sports development. The 2025 Kuala Lumpur Standard Chartered Marathon drew a record 42,000 participants, while local race series HSNKL has expanded from 9,000 debut runners to 15,000 today. Supported by the national Malaysia Aktif initiative and a RM580 million allocation for sports development in the 2026 budget, Malaysia offers powerful tailwinds for performance running innovation and community building.

The six new stores are strategically located in Kuala Lumpur, Penang, Johor Bahru, Kuantan, and Shah Alam, serving as core destinations for running enthusiasts. Designed under XTEP’s Retail + Community model, these spaces go beyond traditional retail to function as immersive running centers where athletes can test performance footwear, connect with local running clubs, join group training sessions, and engage with product experts.

To address the unique terrain, climate and training needs of Malaysian runners, XTEP has introduced its 360X 3.0 performance running series with the store openings. Engineered for daily training and competitive racing, the collection delivers optimized cushioning, stability and durability, reflecting XTEP’s commitment to athlete-driven, localized innovation.

Complementing its retail expansion, XTEP will host the XTEP 10KM TIME TRIAL in Kuala Lumpur. With 1,500 available slots attracting nearly 10,000 registrations, the event highlights strong demand for professional, organized running competition. XTEP will provide participants with premium performance gear to support athletes in pursuing personal bests.

“Malaysia is a cornerstone of XTEP’s global strategy and our gateway to Southeast Asia,” said a spokesperson for XTEP International. “These six new stores are just the start. We are committed to scaling our retail footprint, building a comprehensive running ecosystem, and becoming the leading performance running brand in the region. XTEP is dedicated to empowering runners through innovative product, professional events and authentic community engagement.”

With an expanding retail network, athlete-centric product design and community-focused events, XTEP is positioned to capture significant growth in Southeast Asia’s rapidly expanding sports market. As the brand continues its global momentum, Malaysian runners will gain enhanced access to world-class performance running products and experiences.

Travel Company Suspended After Deadly Bus Crash in Bolikhamxay

The aftermath and police investigation of overnight bus from Pakse to Vientiane crashed in Bolikhamxay, leaving eight dead and dozens injured early Wednesday, 22 April 2026. (Photo by Saona Studio)

A travel company has been temporarily suspended following a fatal bus crash in Bolikhamxay Province that killed eight people and injured 35 others earlier this week.

The Ministry of Public Works and Transport announced the suspension of all passenger transport services operated by Analine Travel Co., Ltd. pending a full safety inspection and technical review. Authorities said services will only resume once all required safety and operational standards are met.

An inspection team has been assigned to inspect the company’s operations, review all routes, and assess vehicle conditions and driver compliance. Officials said a full report will be submitted to the ministry before any decision is made on resuming services.

The decision follows a bus overturning incident on 22 April in Pakkading district, where an overnight passenger bus travelling from Pakse to Vientiane lost control on a curve near Nam Duea village. The vehicle was carrying 48 people, including passengers and crew. Emergency teams rescued the injured passengers and took them to nearby hospitals for treatment. 

Authorities stated that preliminary findings suggest the main causes were the bus failing to meet technical standards, the driver’s reckless speeding and lack of proper qualifications, along with slippery road conditions from overnight rain.

However, investigations into the exact cause of the crash remain ongoing.

Nationwide Safety Taskforce Ordered After Deadly Bus Crash

In response to a recent deadly bus crash, the Ministry has also directed provincial authorities to establish a special committee to inspect passenger vehicles and review driver qualifications nationwide. 

The committee will assess vehicle technical conditions and ensure compliance with safety regulations, covering both domestic and international transport operators. Inspections must be completed by 2026.

Alongside vehicle checks, driver assessments will verify health, licensing status, and professional competence to remove unqualified or high-risk drivers. This initiative aims to reduce road accidents and restore public confidence in the safety of passenger transport.