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ZTO Express to Hold Annual General Meeting on June 16, 2026

SHANGHAI, April 17, 2026  /PRNewswire/ — ZTO Express (Cayman) Inc. (NYSE: ZTO and HKEX: 2057) (“ZTO” or the “Company“), a leading and fast-growing express delivery company in China, today announced that it will hold its annual general meeting of shareholders (“AGM“) on Tuesday, June 16, 2026, at 2:00 p.m. (Hong Kong time), at 9/F, The Center, 99 Queen’s Road Central, Central, Hong Kong, for the purposes of considering and, if thought fit, passing each of the Proposed Resolutions as defined and set forth in the notice of the AGM (the “AGM Notice“). An online live webcast of the meeting will also be made available for holders of ordinary shares of the Company as of the Record Date. The AGM Notice and the form of proxy for the AGM are available on the Company’s website at http://zto.investorroom.com. The board of directors of the Company fully supports the Proposed Resolutions and recommends that shareholders and holders of American depositary shares (“ADSs“) vote in favor of the Proposed Resolutions.

Holders of record of ordinary shares of the Company at the close of business on May 8, 2026, Hong Kong time (the “Record Date“), 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 8, 2026, New York time, who wish to exercise their voting rights for the underlying Class A ordinary shares must give voting instructions to JPMorgan Chase Bank, N.A., the depositary of the ADSs.

You may obtain an electronic copy of the Company’s annual report, free of charge, from the Company’s website at http://zto.investorroom.com, The Stock Exchange of Hong Kong Limited’s website at www.hkexnews.hk or from the U.S. Securities and Exchange Commission’s website at www.sec.gov

About ZTO Express (Cayman) Inc.

ZTO Express (Cayman) Inc. (NYSE: ZTO and SEHK: 2057) (“ZTO” or the “Company”) is a leading and fast-growing express delivery company in China. ZTO provides express delivery service as well as other value-added logistics services through its extensive and reliable nationwide network coverage in China.

ZTO operates a highly scalable network partner model, which the Company believes is best suited to support the significant growth of e-commerce in China. The Company leverages its network partners to provide pickup and last-mile delivery services, while controlling the mission-critical line-haul transportation and sorting network within the express delivery service value chain.

For more information, please visit http://zto.investorroom.com

For investor inquiries, please contact:

ZTO Express (Cayman) Inc.
Investor Relations
E-mail: ir@zto.com
Phone: +86 21 5980 4508

Tencent Music Entertainment Group Filed 2025 Annual Report on Form 20-F

SHENZHEN, China, April 17, 2026 /PRNewswire/ — Tencent Music Entertainment Group (“TME”, or the “Company”) (NYSE: TME and HKEX: 1698), the leading online music and audio entertainment platform in China, today announced that it has filed its annual report on Form 20-F that includes its audited financial statements for the fiscal year ended December 31, 2025 with the Securities and Exchange Commission (the “SEC”) on April 17, 2026, U. S. Eastern Time.

The annual report can be accessed on TME’s investor relations website at ir.tencentmusic.com and on the SEC’s website at www.sec.gov. The Company will also provide a hard copy of the annual report containing its audited consolidated financial statements, free of charge, to its shareholders and American Depositary Share holders upon request.

About Tencent Music Entertainment

Tencent Music Entertainment Group (NYSE: TME and HKEX: 1698) is the leading online music and audio entertainment platform in China, operating the country’s highly popular and innovative music apps: QQ Music, Kugou Music, Kuwo Music and WeSing. TME’s mission is to create endless possibilities with music and technology. TME’s platform comprises online music, online audio, online karaoke, music-centric live streaming and online concert services, enabling music fans to discover, listen, sing, watch, perform and socialize around music. For more information, please visit ir.tencentmusic.com.

Investor Relations Contact
Tencent Music Entertainment Group
ir@tencentmusic.com
+86 (755) 8601-3388 ext. 885034

ZTO Files Annual Report on Form 20-F for Fiscal Year 2025

SHANGHAI, April 17, 2026 /PRNewswire/ —  ZTO Express (Cayman) Inc. (NYSE: ZTO and HKEX: 2057), a leading and fast-growing express delivery company in China (“ZTO” or the “Company”), today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2025 with the U.S. Securities and Exchange Commission (“SEC”) on April 17, 2026. The annual report on Form 20-F can be accessed on the Company’s investor relations website at http://zto.investorroom.com as well as the SEC’s website at http://www.sec.gov

The Company will provide a hard copy of its annual report on Form 20-F containing the audited consolidated financial statements, free of charge, to its shareholders upon request. Requests should be directed to the Company’s IR Department at ir@zto.com

The Company has also today published its annual report 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 (“HKEX”), which can be accessed on the Company’s investor relations website at http://zto.investorroom.com as well as the HKEX’s website at http://www.hkexnews.hk

About ZTO Express (Cayman) Inc.

ZTO is a leading and fast-growing express delivery company in China. ZTO provides express delivery service as well as other value-added logistics services through its extensive and reliable nationwide network coverage in China.

ZTO operates a highly scalable network partner model, which the Company believes is best suited to support the significant growth of e-commerce in China. The Company leverages its network partners to provide pickup and last-mile delivery services, while controlling the mission-critical line-haul transportation and sorting network within the express delivery service value chain.

For more information, please visit http://zto.investorroom.com

For investor and media inquiries, please contact:

ZTO Express (Cayman) Inc.

Investor Relations

E-mail: ir@zto.com
Phone: +86 21 5980 4508

Xinhua Silk Road: Chinese baijiu maker highlights enduring craftsmanship, openness for broader Global South cooperation

BEIJING, April 17, 2026 /PRNewswire/ — When the advent of the 2026 Global South Financiers Forum brought chances to explore deeper cooperation recently, Wu Yuefei, vice chairman and general manager of Chinese baijiu maker Fenjiu Group, highlighted enduring craftsmanship, openness and joint endeavors for a shared future.


On March 24, the Chinese baijiu maker presented a Qinghua Fenjiu Night event featuring blue-and-white porcelain-themed product displays to heads of financial institutions, scholars and industry representatives from home and abroad.

While talking about brand storytelling via liquor as the shared interest, Wu attributed the long-lasting popularity of Fenjiu at home to its adherence to time-honored craftsmanship-backed quality.

As Wu noted, Fenjiu Group firmly believes that for both industrial and financial businesses, product quality-based long-term development is the only way forward to navigate challenges of the times.

As the chief partner of the forum, Fenjiu Group, whose baijiu brewing history witnessed the vicissitudes of China’s baijiu industry, is a quintessential producer that values as always production technique refinement and premium quality.

In Wu’s eyes, light-flavor Chinese baijiu stands not only for a style, but also for a mindset where through building an open, transparent and inclusive development environment can global partners thrive amid extensive cooperation.

Nowadays, Fenjiu Group is opening its arms to press ahead with the creative transformation and innovative development of traditional Chinese liquor culture, striving for a wider global market share of Chinese baijiu.

By late March, Fenjiu products had been exported to 60-plus countries and regions around the world via its marketing networks covering five continents and key duty-free ports worldwide.

As a traditional Chinese dancing performance rekindled memories of ancient Silk Road trade of Chinese baijiu during the Qinghua Fenjiu Night, Wu welcomed participants of the 2026 Global South Financiers Forum to seek more win-win and long-term cooperation.

At the Beijing-located National Financial Information Center where the forum was hosted on March 25-26, a Fenjiu cocktail exhibition hall was widely lauded by the Chinese and foreign attendees of the forum.

Original link: https://en.imsilkroad.com/p/350217.html

Suunto releases updates to navigation: new features for watches and offline routing in the Suunto app

NEW YORK, April 17, 2026 /PRNewswire/ — Suunto is releasing multiple updates to maps and navigation for its watches and the Suunto app, starting in April 2026. Among other features, these updates include clearer mapping, improved on-watch guidance, and enhanced climb information, along with new offline tools. Suunto offers free offline maps and navigation to its users. With this update, offline maps will also be available in the Suunto app, enabling access to map data and routing on a phone without a network connection.


Navigation Updates on Suunto Watches

The latest watch updates improve navigation during activity, with enhancements to guidance, maps, climb information, and customisation. These include clearer turn guidance and route awareness, enhanced track back and off-route alerts, refined map labels and terrain representation, improved climb detection and elevation insights, and customisable navigation views.

These updates will be available immediately on Suunto Vertical 2, Suunto Race 2, and Suunto Race S, with selected features also rolling out to Suunto Race. Availability for Suunto Ocean will follow at a later date.

Offline Maps and Routing in the Suunto app

The Suunto app supports planning and navigating routes without connectivity.

Offline maps provide access to map data without a network connection once downloaded. Offline routing enables route creation and navigation offline.

Offline maps and offline routing are available to all Suunto app users at no additional cost.

Together, these updates improve continuity between planning and navigation, ensuring a more dependable experience across devices. These updates are part of Suunto’s ongoing software development, with new features and improvements delivered regularly.

Built on 90 Years of Precision Navigation

“Navigation has been at the core of Suunto since 1936,” says Janne Kallio, Head of Digital Ecosystem at Suunto.

“For nearly nine decades, Suunto products have guided explorers across oceans, mountains, and wilderness environments where reliability is critical. These updates build directly on that foundation — making navigation clearer, more dependable, and fully functional even without connectivity.”

The updates begin rolling out from April 7, 2026 across supported Suunto watches and the Suunto app.

Presentation video for media use: YouTube – Q1 SW Updates

About Suunto

Suunto is a Finnish brand, established in 1936. It was founded by Finnish inventor Tuomas Vohlonen, who pioneered a new standard for navigational precision. That same year, his innovation – a field compass – was stronger, steadier, and more accurate than any other handheld navigational tool of its time. It was the first of many Suunto products built to withstand the harsh conditions of our native Finland.

In the near century since, Tuomas’s spirit of innovation has continued to chart Suunto’s course. From some of history’s first dive computers and high-altitude wrist altimeters to today’s GPS watches, Suunto remains a trusted companion for outdoor adventurers across the globe.

Supporting explorers, athletes, and weekend warriors alike remains our core mission – providing the tools to dive deeper, climb higher, and push the limits of human potential.

www.suunto.com

U.S. Patent Trial and Appeal Board Invalidates Trina’s TOPCon Patents

KITCHENER, ON, April 17, 2026 /PRNewswire/ — Canadian Solar Inc. (the “Company” or “Canadian Solar”) (NASDAQ: CSIQ) today announced that the Patent Trial and Appeal Board (“PTAB”) of the U.S. Patent and Trademark Office (“USPTO”) has issued Final Written Decisions invalidating all claims of two TOPCon (Tunnel Oxide Passivated Contact) solar cell patents. These patents were previously asserted by Trina Solar Co., Ltd. (“Trina”) against certain subsidiaries of Canadian Solar.

This ruling reinforces Canadian Solar’s long-standing, successful track record of managing international disputes. As a global leader in solar and energy storage technology innovation, the Company has always prioritized organic R&D and has established a comprehensive and effective system to manage, commercialize, and defend its global IP rights which cover all key aspects of the industry value chain.

Colin Parkin, President of Canadian Solar and President of e-STORAGE, commented, “Canadian Solar has always remained committed to organic and independent R&D. We possess a deep and comprehensive understanding of our proprietary technologies. While we respect and value the intellectual property rights of all companies as we do our own, we firmly oppose the abusive use of IP to extort or hinder competition. We will continue to vigorously defend our legitimate business interests.”

About Canadian Solar Inc.
Canadian Solar is one of the world’s largest solar technology and renewable energy companies. Founded in 2001 and headquartered in Kitchener, Ontario, the Company is a leading manufacturer of solar photovoltaic modules; provider of solar energy and battery energy storage solutions; and developer, owner, and operator of utility-scale solar power and battery energy storage projects. Over the past 25 years, Canadian Solar has successfully delivered over 174 GW of premium-quality, solar photovoltaic modules to customers across the world. Through its subsidiary e-STORAGE, Canadian Solar has shipped over 18 GWh of battery energy storage solutions to global markets as of December 31, 2025, boasting a $3.6 billion contracted backlog as of March 13, 2026. Since entering the project development business in 2010, Canadian Solar has developed, built, and connected approximately 12 GWp of solar power projects and 6.2 GWh of battery energy storage projects globally. Its geographically diversified project development pipeline includes 24 GWp of solar and 83 GWh of battery energy storage capacity in various stages of development. Canadian Solar is one of the most bankable companies in the solar and renewable energy industry, having been publicly listed on the NASDAQ since 2006. For additional information about the Company, follow Canadian Solar on LinkedIn or visit www.canadiansolar.com.

Safe Harbor/Forward-Looking Statements

Certain statements in this press release, including those regarding the Company’s expected future shipment volumes, revenues, gross margins, and project sales are forward-looking statements that involve a number of risks and uncertainties that could cause actual results to differ materially. These statements are made under the “Safe Harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by such terms as “may”, “will”, “expect”, “anticipate”, “future”, “ongoing”, “continue”, “intend”, “plan”, “potential”, “prospect”, “guidance”, “believe”, “estimate”, “is/are likely to” or similar expressions, the negative of these terms, or other comparable terminology. These forward-looking statements include, among other things, our expectations regarding global electricity demand and the adoption of solar and battery energy storage technologies; our growth strategies, future business performance, and financial condition; our transition to a long-term owner and operator of clean energy assets and expansion of project pipelines; our ability to monetize project portfolios, manage supply chain fluctuations, and respond to economic factors such as inflation and interest rates; our outlook on government incentives, trade measures, regulatory developments, and geopolitical risks; our expectations for project timelines, costs, and returns; competitive dynamics in solar and storage markets; our ability to execute supply chain, manufacturing, and operational initiatives; access to capital, debt obligations, and covenant compliance; relationships with key suppliers and customers; technological advancement and product quality; and risks related to intellectual property, litigation, and compliance with environmental and sustainability regulations. Other risks were described in the Company’s filings with the Securities and Exchange Commission, including its annual report on Form 20-F filed on April 10, 2026. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, level of activity, performance, or achievements. Investors should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today’s date, unless otherwise stated, and Canadian Solar undertakes no duty to update such information, except as required under applicable law.

Canadian Solar Inc. Investor Relations Contact

Wina Huang
Investor Relations
Canadian Solar Inc.
investor@canadiansolar.com

Empowering Growth with Responsibility, Delivering Warmth with Purpose – ZTO Express Officially Releases 2025 Sustainability Report

SHANGHAI, April 17, 2026 /PRNewswire/ — On April 17, 2026, ZTO Express (Cayman) Inc. (NYSE: ZTO and HKEX: 2057) (“ZTO” or the “Company”), a leading and fast-growing express delivery company in China, published its 2025 Sustainability Report. This marks the ninth consecutive year the Company has released a dedicated sustainability report, signifying a strategic upgrade from “compliance disclosure” to “value creation” and presenting ZTO’s sustainability achievements and long-term strategy from a systematic, international, and strategic perspective.

The report is structured around five key pillars: “Practicing Green Development, Building Low-Carbon Logistic; Driving Innovation Engines, Elevating Customer Service; Deepening Talent Development, Safeguarding Workplace Well-being; Synergizing Stakeholder Value, Creating a Responsible Ecosystem; Consolidating Governance Foundations, Strengthening Compliance Defenses.” Together, these sections comprehensively demonstrate how ZTO works hand-in-hand with employees, customers, partners, communities, and other stakeholders to fulfill its corporate mission of “Bringing happiness to more people through our services.”

In the report, the Company’s chairman Meisong Lai stated: “The year 2025 marked the conclusion of the 14th Five-Year Plan, a milestone during which China’s postal and express delivery sector continued to script new chapters of high-quality development. Reflecting on the past year, ZTO remained firmly committed to a long-term vision. We further integrated Party building with business development and aligned the Company’s growth with national strategies and public needs. Guided by the ‘shared-success’ philosophy and defined by hard work and dedication, we delivered performance characterized by scale, resilience and responsibility. We firmly believe that sustainable development is never an ‘optional extra’ for corporate development, but a ‘mandatory task’ for high-quality development. It is the core path for us to practice our corporate mission of ‘Bringing happiness to more people through our services’ and realize our commitment to ‘benefiting others and society.’

As we set out on a new journey in the 15th Five-Year Plan period, we will fully implement the ‘Two Focal Promotions and Three Capability Enhancements’ requirements of the State Post Bureau, remain focused on key priorities such as strengthening safety, enhancing service, driving real operational optimization, improving e­fficiency, promoting fairness, fostering cohesion, reinforcing execution and unlocking potential, and further strengthen our three growth curves. Staying true to our original aspiration of self-disciplined development, putting people first, and benefiting others and society, we will work hand in hand with partners from all sectors to move forward with greater steadiness, go further, and bring more warmth to the pursuit of a better life.”

Since continuously strengthening its ESG system, ZTO has seen steady improvements in corporate governance capabilities and international recognition, with multiple major international ESG ratings continuing to improve and its industry ranking moving steadily upward. Through solid operations and responsible practices, the Company has received a number of prestigious national and industry awards over the past year, further elevating its brand value and social influence.

In the area of green and low-carbon development, ZTO has continued to enhance its full-chain green logistics system, steadily advancing clean energy deployment and last-mile green delivery upgrades. Through large-scale rollout of photovoltaic projects, widespread adoption of unmanned delivery fleets, and promotion of low-carbon operation models, the Company has effectively reduced carbon emissions across the entire logistics chain. Many of these green initiatives have been selected as exemplary industry cases, supporting the low-carbon transformation of the logistics industry.

In terms of digital innovation and service enhancement, ZTO leverages technology to improve quality and efficiency across the entire chain, continuously strengthening last-mile fulfillment capabilities and differentiated service levels. By utilizing big data, artificial intelligence, and other technological advantages, the Company continuously optimizes network-wide operational efficiency. At the same time, ZTO further extends its rural logistics network and deepens the integration of express delivery with manufacturing, effectively serving the real economy and urban-rural livelihoods.

Regarding employee care and network partner support, ZTO always puts people first, improving protection mechanisms and caring assistance for frontline workers. The Company regularly carries out welfare activities to enhance the sense of belonging and well-being of its employees. Meanwhile, it implements a comprehensive network partner empowerment plan, reinforcing the resilience of last-mile operations through various measures and stabilizing the industrial and supply chain ecosystem.

In the realm of social welfare, ZTO actively fulfills its corporate social responsibility by continuously increasing its investment in public welfare. The Company focuses on areas such as educational support for underprivileged students, disability assistance, and charitable donations, with long-term implementation of multiple signature public welfare programs. Through lasting, practical actions, ZTO gives back to society and conveys the warmth of the Company.

On governance and compliance, ZTO continues to optimize its sustainability top-level design, improve its specialized governance structure, and refine its assessment and incentive mechanisms. The Company strictly strengthens internal controls, information security, and integrity compliance, building a comprehensive defense line against operational risks, and ensuring high-quality, long-term development through standardized and modern governance.

The above summarizes the core content of this report. For the complete strategic framework, detailed practices, and phased achievements of ZTO’s 2025 sustainability efforts, please refer to the full version of the Sustainability Report at:
https://zto.investorroom.com/ESG.

About ZTO Express (Cayman) Inc.

ZTO Express (Cayman) Inc. (NYSE: ZTO and SEHK:2057) (“ZTO” or the “Company”) is a leading and fast-growing express delivery company in China. ZTO provides express delivery service as well as other value-added logistics services through its extensive and reliable nationwide network coverage in China.

ZTO operates a highly scalable network partner model, which the Company believes is best suited to support the significant growth of e-commerce in China. The Company leverages its network partners to provide pickup and last-mile delivery services, while controlling the mission-critical line-haul transportation and sorting network within the express delivery service value chain.

For more information, please visit http://zto.investorroom.com.

Safe Harbor Statement

This announcement contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and other similar expressions. ZTO may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”) and The Stock Exchange of Hong Kong Limited (the “HKEX”), in its interim and annual reports to shareholders, in announcements, circulars or other publications made on the website of the HKEX, 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 but not limited to statements about ZTO’s beliefs, plans, 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: risks relating to the development of the e-commerce and express delivery industries in China; its significant reliance on certain third-party e-commerce platforms; risks associated with its network partners and their employees and personnel; intense competition which could adversely affect the Company’s results of operations and market share; any service disruption of the Company’s sorting hubs or the outlets operated by its network partners or its technology system; ZTO’s ability to build its brand and withstand negative publicity, or other favorable government policies. Further information regarding these and other risks is included in ZTO’s filings with the SEC and the HKEX. All information provided in this announcement is as of the date of this announcement, and ZTO does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For investor inquiries, please contact:
Investor Relations
Tel: (86) 21 5980 4508
Email: ir@zto.com 

EFGH and Digital Asset Protection HHP High-Tech Center JSC Form Joint Venture To Build National Blockchain Infrastructure In Vietnam, Partners to Build Five Other Digital Projects

VNL1 will build Vietnam’s national product traceability blockchain with USD 8 million in committed capital. A concurrent framework agreement covers five additional projects spanning fintech, tourism, commodities, AI compute, and a mixed-use financial district.

SINGAPORE and HO CHI MINH CITY, Vietnam, April 17, 2026 /PRNewswire/ — Embed Financial Group Holdings Pte Ltd (“EFGH”) and Digital Asset Protection HHP High-Tech Center JSC (“DAP HHP High-Tech Center”) signed two agreements today to form a joint-venture to build VNL1, a national blockchain infrastructure platform for Vietnam, and forge a comprehensive partnership to develop five other related national-scale digital projects.

From left: Mr Nguyễn Hữu Hùng, Chairman, Digital Asset Protection HHP High-Tech Center JSC; Mr Nguyễn Thanh Hải, CEO, Digital Asset Protection HHP High-Tech Center JSC and CEO of the joint venture; Mr Dennis Ng, Executive Chairman, Embed Financial Group Holdings (EFGH); Mr Chia Hock Lai, Asia CEO, EFGH; and Mr Sonny Tran, Vietnam CEO, EFGH, at the signing ceremony held at Hotel Nikko Saigon, Ho Chi Minh City on 17 April 2026.
From left: Mr Nguyễn Hữu Hùng, Chairman, Digital Asset Protection HHP High-Tech Center JSC; Mr Nguyễn Thanh Hải, CEO, Digital Asset Protection HHP High-Tech Center JSC and CEO of the joint venture; Mr Dennis Ng, Executive Chairman, Embed Financial Group Holdings (EFGH); Mr Chia Hock Lai, Asia CEO, EFGH; and Mr Sonny Tran, Vietnam CEO, EFGH, at the signing ceremony held at Hotel Nikko Saigon, Ho Chi Minh City on 17 April 2026.

The agreements were signed in Ho Chi Minh City by Mr. Dennis Ng, Executive Chairman of Singapore-headquartered EFGH, DAP HHP High-Tech Center’s Chairman Mr. Nguyễn Hữu Hùng and its CEO, Mr. Nguyễn Thanh Hả, who will also serve as the CEO of the joint-venture company.

THE JOINT VENTURE

The partners will form a JV company, VNL1 Co., Ltd., to build and operate VNL1 – a landmark project intended to support Vietnam’s Draft Decree on the Identification, Authentication, and Traceability of Products and Goods. The decree mandates a national blockchain platform to be operational by 1 April 2027 and overseen by the Ministry of Public Security.

VNL1 will address a major counterfeiting problem faced by the manufacturing and food sectors in particular. Vietnam’s National Assembly’s Committee on Legal and Judicial Affairs estimates that production and trading of counterfeit goods rose by over 47 percent last year.

Regulatory responsibility is currently split across five ministries with no unified data layer. VNL1 will be established as a Layer 2 blockchain settling on Ethereum that targets 1,000+ transactions per second at no more than USD 0.01 each, hosted on Vietnam-domiciled infrastructure. It will support two key platforms.

V-TRUST will generate GS1-compatible unique product codes and log custody transfers using government-issued digital identifiers, giving regulators and consumers a tamper-evident provenance record verifiable by QR or NFC scan.

V-STABLE will complement V-TRUST by serving as the sovereign settlement rail for Vietnam’s emerging “finternet.” Designed as a fully compliant digital token backed by the Vietnamese Dong, with reserves held exclusively in State Bank of Vietnam-approved instruments, V-STABLE will enable instant, regulated, and low-cost financial settlement across the digital economy while preserving national monetary sovereignty. While reserve yields may organically offset VNL1’s operating costs, its primary role is to underpin trusted, real-time settlement at scale.

The JV company will be incorporated within 90 days with a committed capital of approximately USD 8 million. EFGH will contribute technology covering the blockchain stack while DAP HHP High-Tech Center will support in areas of regulatory licences and government relationships.

THE STRATEGIC FRAMEWORK

Signed concurrently today, the Comprehensive Strategic Partnership Framework Agreement (“Framework Agreement”) establishes the legal and commercial architecture governing how the two companies will develop and execute six projects in total, including VNL1. The remaining five each carry a binding governance structure and a contractual 180-day deadline, running from 17 April 2026, within which project-level Statements of Work (“SOWs”) must be negotiated and executed.

Together, they span the full infrastructure stack of a digital economy: blockchain-based trust and settlement, embedded financial services, tourism infrastructure, commodity pricing, AI compute, and a mixed-use financial district in Ho Chi Minh City.

The five projects other than VLN1 are:

  • V-Fintech – an Advanced embedded fintech platform covering supply chain finance, embedded and parametric insurance, real-world asset tokenisation, digital treasury, cross-border payments, and AI-powered credit intelligence.
  • V-TOK – A modular tourist kiosk platform designed for domestic deployment in Vietnam and international export.
  • V-ICEX – A national financial infrastructure platform for commodity pricing and market transparency.
  • GDCAI – A next-generation, sustainably powered data centre and AI compute network across Vietnam’s key technology corridors.
  • V-FIT – A mixed-use fintech, academic, and real estate platform within Ho Chi Minh City’s International Financial Centre.

Both parties will establish a Joint Steering Committee (“JSC”) within 30 days of signing, comprising at least one C-suite executive from each side. The JSC will meet quarterly to oversee project progress, review SOW negotiations, and coordinate execution across all six workstreams. The Framework Agreement will run for an initial term of three years, renewed annually thereafter.

SIGNIFICANCE OF VIETNAM PARTNERSHIP FOR EFGH

The two agreements today jointly constitute EFGH’s first business venture in Vietnam, and the first in Asia at national scale. It will catalyse other financial internet (“finternet”) projects in the region and Africa, where EFGH is also present. EFGH has entered into a definitive business combination agreement with a U.S.-listed special purpose acquisition company at a pro forma enterprise value of approximately USD 425 million.

STATEMENTS

“Vietnam is not a single project for EFGH — it is a platform. VNL1 is purpose-built to meet the April 2027 mandate, and we are committed — in capital, in technology, and in execution — to making that deadline. The joint venture is the first proof point. The framework is the full picture.”

Dennis Ng, Executive Chairman, Embed Financial Group Holdings Pte. Ltd.

“Six workstreams. One partnership. Center CNC HHP has the government access, the infrastructure, and the operational presence in Vietnam that each of these projects requires. We signed these agreements because we intend to build all of them.”

— Nguyễn Thanh Hải, CEO, and Trung Tâm Công Nghệ Cao Tài Sản Số (DAP HHP HighTech Center)

About Embed Financial Group Holdings (EFGH)

Embed Financial Group Holdings Pte. Ltd. is a Singapore-headquartered digital financial infrastructure company building embedded payments, programmable protection, and sovereign digital systems across Asia and Africa. Operating under its “Finternet” strategy, EFGH works with governments, regulated financial institutions, and enterprise platforms to deploy infrastructure at national scale. EFGH has entered into a definitive business combination agreement with a U.S.-listed SPAC at a pro forma enterprise value of approximately USD 425 million, ahead of a proposed listing on a major U.S. exchange.

About Digital Asset Protection HHP High-Tech Center JSC

Digital Asset Protection HHP High-Tech Center JSC is a Vietnam-based digital infrastructure company focused on the identification, validation, and standardisation of digital assets. A pioneer in the research and commercialisation of new asset classes on high-tech platforms, DAP HHP HighTech Center serves as a coordinating bridge between high-tech digital asset infrastructure and Vietnam’s evolving digital economy. The company holds government relationships and regulatory authorisations required for national-scale digital infrastructure deployment in Vietnam.

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