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Ping An Reports Stable Growth in Operating Profit Attributable to Shareholders of the Parent Company in 1H2025; Life & Health NBV Surges 39.8% YoY Interim Dividend Increases to RMB0.95 Per Share

HONG KONG and SHANGHAI, Aug. 26, 2025 /PRNewswire/ — Ping An Insurance (Group) Company of China, Ltd. (“Ping An“, the “Company” or the “Group”, HKEX: 2318; SSE: 601318) today announced its 2025 interim results for the six month period ended 30 June 2025.

In 2025, leveraging Ping An’s previous achievements, the Group continued to drive reform and innovation, making significant progress in both its strategic advancement and service enhancements. China’s economy was generally stable and improved steadily despite pressure from a complex and severe external environment in the first half of 2025, but still faces short- and medium-term challenges including lackluster domestic demand. Facing opportunities and challenges, Ping An focused on its core integrated finance business and advanced health and senior care services under a customer needs-oriented approach and the “worry-free, time-saving, and money-saving” value proposition. Ping An delivered steady overall business results, showing growth resilience and innovation momentum. In the first half of 2025, the Group’s operating profit attributable to shareholders of the parent company reached RMB77,732 million, up 3.7% YoY. Net profit attributable to shareholders of the parent company was RMB68,047 million. The Group maintains steady growth of cash dividends and will pay an interim dividend of RMB0.95 per share in cash, up 2.2% YoY. Ping An Life achieved high-quality development in multiple channels. Life and health insurance (“Life & Health”) business’s new business value (“NBV”) surged 39.8% YoY in the first half of 2025. Ping An delivered solid insurance funds investment results and asset allocation capabilities continued to strengthen, with the unannualized comprehensive investment yield rising 0.3 pps YoY to 3.1%.

Ping An continued to strengthen its “integrated finance + health and senior care” strategy. The three key indicators of integrated finance model achieved balanced growth. The number of retail customers increased 4.6% YoY to nearly 247 million as of June 30, 2025, with 2.94 contracts per customer, up 0.3% YoY. Operating profit per customer amounted to RMB247.32, up 0.6% YoY in the first half of 2025. Differentiated competitive edges under the health and senior care strategy empowered Ping An’s core business. Customers entitled to service benefits in the health and senior care ecosystem contributed nearly 70% of Ping An Life’s NBV in the first half of 2025. Ping An continuously optimized the customer service experience through innovation. The Group strengthened its AI foundation, leveraged advanced technologies including big data and the Internet of Things to overcome the “time, space, cost and efficiency” constraints in traditional financial, health and senior care services. This approach also enabled more efficient resource allocation across these sectors. As a result, Ping An transformed its offerings from “niche-market low-frequency services” to “mass-market inclusive services”. In the first half of 2025, Ping An Life launched an “insurance + service” solution called “Tian Ping An“; the Group upgraded its “Global Emergency Rescue Service”; Ping An Good Doctor launched an AI medical product matrix covering all scenarios, the entire cycle and the entire ecosystem. In the first half of 2025, Ping An’s large AI models were called 818 million times and applied to over 650 diverse scenarios. Ping An is committed to providing nearly 247 million customers with “worry-free, time-saving, and money-saving” experience through service model innovation, service capability innovation, and technological application innovation.

Top Ten Business Highlights in 1H2025

  1. Steady overall business results. Operating profit attributable to shareholders of the parent company reached RMB77,732 million, up 3.7% YoY. Net profit attributable to shareholders of the parent company was RMB68,047 million. Revenue was RMB546,469 million. Equity attributable to shareholders of the parent company reached RMB943,952 million, up 1.7% from the beginning of the year.
  2. Steady growth of cash dividends. Ping An attaches importance to shareholder returns, and will pay an interim dividend of RMB0.95 per share in cash, up 2.2% YoY.
  3. Life & Health developed steadily with high-quality development in multiple channels. NBV increased 39.8% YoY, and NBV margin based on annualized new premium (ANP) rose 9.0 pps YoY in the first half of 2025. Agent channel NBV grew 17.0% YoY driven by a 21.6% YoY increase in NBV per agent. Bancassurance channel NBV soared 168.6% YoY.
  4. Ping An P&C maintained steady business growth and improved business quality. Premium income reached RMB171,857 million, up 7.1% YoY. Insurance revenue reached RMB165,661 million, up 2.3% YoY. Overall COR improved by 2.6 pps YoY to 95.2%, indicating sustained strong profitability. Auto insurance COR improved by 2.6 pps YoY to 95.5%, better than the market average.
  5. Ping An delivered solid insurance funds investment results and continuously enhanced its asset allocation capability. In a complex and volatile market environment, Ping An’s insurance funds investment portfolio achieved an unannualized comprehensive investment yield of 3.1%, up 0.3 pps YoY. 10-year average net investment yield and 10-year average comprehensive investment yield were 5.0% and 5.1% respectively.
  6. Ping An Bank maintained steady business performance and asset quality. Net profit was RMB24,870 million. Non-performing loan ratio was 1.05%. Provision coverage ratio was 238.48%.
  7. Integrated finance model built a core competitive moat and enhanced customer development. Retail customers increased 1.8% from the beginning of the year to nearly 247 million as of June 30, 2025. 26.6% of customers held 4 or more contracts, with a 97.8% retention rate. 73.8% of customers have been served for 5 or more years, with a 94.6% retention rate.
  8. Differentiation-enabled core businesses under health & senior care strategy. Ping An partnered with 100% of China’s top 100 hospitals and 3A hospitals as of June 30, 2025. Customers entitled to service benefits in the health and senior care ecosystem contributed nearly 70% of Ping An Life’s NBV. Nearly 210,000 customers were entitled to home-based senior care services, which covered 85 cities nationwide. Premium health and senior care communities were unveiled in 5 cities.
  9. Ping An actively fulfilled its social responsibilities, supporting green development and rural vitalization. As of June 30, 2025, Ping An cumulatively invested nearly RMB10.80 trillion to bolster the real economy. Green investment of insurance funds totaled RMB144,482 million, and green loan balance reached RMB251,746 million. Green insurance premium income reached RMB35,836 million in the first half of 2025. Ping An provided RMB32,809 million for rural industrial vitalization in the first half of 2025. MSCI ESG Rating rose to AA, being No.1 in the multi-line insurance and brokerage industry in Asia-Pacific. Ping An was included in S&P Global’s Sustainability Yearbook (China Edition) as the only insurance company from the Chinese mainland.
  10. Ping An further increased its brand value. The Group ranked No. 47 on the Fortune Global 500 list (No. 9 among financial services companies worldwide), No. 13 on the Fortune China 500 list, No. 27 on the Forbes Global 2000 list (No. 1 among Chinese insurers), and has held the No. 1 position on the Brand Finance Insurance 100 list for global insurance brand value for nine consecutive years.

Integrated Finance Built a Core Competitive Moat; Life & Health NBV Surged by 39.8% YoY.

Ping An improved the efficiency of customer development under a customer needs-oriented philosophy. There were 15.71 million new customers in the first half of 2025, up 12.9% YoY. Customers with longer tenures showed higher retention rates. Customers served by Ping An for five or more years accounted for 73.8% of the total, up 1.6 pps from the beginning of the year, with a retention rate of 94.6%. Customers with multiple products showed higher retention rates. Customers holding four or more contracts within the Group accounted for 26.6% of the total, up 1.0 pps from the beginning of the year, with a retention rate of 97.8%. Customer growth was supported by diverse sales channels. Benefiting from its strong nationwide online-merge-offline channel networks, Ping An reached and acquired customers efficiently. Offline, Ping An had over 7,000 outlets in 330 cities across China, and over 1.3 million sales service team members for P&C insurance, life insurance and so on. Online, Ping An developed multiple apps including Ping An Jin Guan Jia, Ping An Pocket Bank, Ping An Auto Owner, and Ping An Good Doctor to provide customers with convenient services and premium products. Penetration rates of main products rose continuously. Penetration rates of life & health insurance products and P&C insurance products were relatively high and grew steadily to 46.4% and 30.9% respectively as of June 30, 2025.

Life & Health business achieved steady business development, and yielded significant results in high-quality development. In the first half of 2025, life & health NBV jumped 39.8% YoY to RMB22,335 million and business quality improved steadily. Ping An Life’s policy persistency ratios remained high in the first half of 2025, with the 13-month persistency ratio up 0.3 pps YoY to 96.9% and the 25-month persistency ratio up 4.1 pps YoY to 95.0%. Ping An Life achieved high-quality development in multiple channels. In the first half of 2025, agent channel NBV rose 17.0% YoY driven by a 21.6% year-on-year increase in NBV per agent. Bancassurance channel NBV surged 168.6% YoY to RMB5,972 million. Community Finance channel focused on retained customers and the overall persistency ratio of retained customers improved by 0.4 pps YoY. Ping An Life established 301 Community Finance outlets in 198 cities as of June 30, 2025, with nearly 30,000 agents of elite teams. Innovative channels including Bancassurance and Community Finance contributed 33.9% of Ping An Life’s NBV.

Centering on customer needs, the “insurance + service” offerings gained traction. On the product side, Ping An Life provided insurance products with a focus on customers’ diverse insurance needs in three key areas, namely pension reserves, wealth management and insurance protection. On the service side, Ping An Life concentrated on building capabilities in health care, home-based senior care, and high-end senior care. In the first half of 2025, over 13 million of Ping An Life’s customers used health management services. As of June 30, 2025, nearly 210,000 customers were entitled to home-based senior care services, which covered 85 cities nationwide. Ping An unveiled a total of six premium health and senior care communities, which are currently in trial operation or under construction, in five cities. The community in Shanghai started a soft opening in July.

Ping An P&C maintained steady revenue growth with improved business quality. In the first half of 2025, Ping An P&C’s premium income rose by 7.1% YoY to RMB171,857 million, and insurance revenue rose by 2.3% YoY to RMB165,661 million. Overall COR improved by 2.6 pps YoY to 95.2%. Ping An P&C continuously explored the new model of “insurance + technology + service”, developed 1,741 products, and provided RMB189 trillion worth of insurance coverage for 1.61 million small and micro-enterprises in the first half of 2025. By leveraging AI, Ping An P&C continuously made the Ping An Auto Owner app smarter. The Ping An Auto Owner app had nearly 251 million registered users as of June 30, 2025. Monthly active users of the app peaked at nearly 38.50 million in the first half of 2025. Ping An improved service quality and efficiency via risk reduction. Ping An P&C continuously upgraded its “EagleX Risk Mitigation Service Platform,” which gave a total of 4.26 billion alerts on 259,000 disasters to 64.02 million retail and corporate customers in the first half of 2025. Moreover, Ping An P&C launched EagleX (Global Version), which is China’s first risk mitigation service platform independently developed by an insurance company and offered globally.

Ping An delivered solid insurance funds investment results and continuously enhanced its asset allocation capability. As of June 30, 2025, the Group’s insurance funds investment portfolio grew 8.2% from the beginning of the year to over RMB6.20 trillion. Adhering to the philosophies of long-term investing and liability matching, Ping An’s insurance funds investment portfolio achieved an unannualized comprehensive investment yield of 3.1% in the first half of 2025, up 0.3 pps YoY. The portfolio achieved a 5.0% average net investment yield and a 5.1% average comprehensive investment yield over the past decade, both higher than the embedded value long-run investment return assumption.

Ping An Bank maintained steady business performance and asset quality. In the first half of 2025, Ping An Bank’s revenue and net profit totaled RMB69,385 million and RMB24,870 million respectively. Ping An Bank continuously strengthened risk management. As of June 30, 2025, non-performing loan ratio dropped by 0.01 pps from the beginning of the year to 1.05%. Provision coverage ratio was 238.48%, indicating adequate risk provisions. Ping An Bank advanced the strategic transformation of retail business. The Bank optimized its retail deposit portfolio. As of June 30, 2025, retail deposit balance grew 3.1% from the beginning of the year to RMB1,327,338 million. Average interest rate of retail deposits decreased by 37 bps YoY to 1.92% for the first half of 2025. In corporate business, Ping An Bank continued to serve the real economy. As of June 30, 2025, the corporate loan balance grew 4.7% from the beginning of the year. Ping An Bank had 909.1 thousand corporate customers, up 6.5% from the beginning of the year. Ping An Bank’s supply chain financing amounted to RMB911,280 million in the first half of 2025, up 25.6% YoY.

Ping An continued to implement its health and senior care strategy, and built an all-around, innovative service system.

Leveraging over a decade of operational and management experience in insurance and health care industries, Ping An implemented a health and senior care ecosystem strategy through the coordinated operations across its insurance, health care, investment, and technology businesses. Acting for payers and integrating providers, Ping An delivered the most cost-effective health and senior care services via professional family doctors and senior care concierges. Nearly 63% of Ping An’s nearly 247 million retail customers were entitled to service benefits in the health and senior care ecosystem as of June 30, 2025. Ping An achieved nearly RMB87 billion in health insurance premium income for the first half of 2025, including over RMB41 billion from medical insurance, up 3.3% YoY. Ping An had one of the world’s largest health care databases, with AI Doctor enabling precise diagnosis of over 10,000 diseases at an accuracy rate of 93% as of June 30, 2025.

Acting for payers, Ping An enabled its core financial businesses with a differentiated “product + service” model. As of June 30, 2025, retail customers entitled to service benefits in the health and senior care ecosystem held about 3.37 contracts and about RMB61.4 thousand in AUM per capita, 1.5 times and 4.1 times those without these benefits. Ping An made significant progress in both retail and corporate customer development by effectively integrating insurance with health and senior care services. Over 13 million of Ping An Life‘ s customers used health management services in the first half of 2025, including nearly 67% of newly-enrolled customers. Ping An deeply developed products that integrate “commercial insurance + health care fund + health care service”, providing corporate clients with comprehensive, high-quality, and cost-effective employee health management programs. More than 31 million employees from over 80,000 corporate clients were served by Ping An as of June 30, 2025.

Integrating providers, Ping An continuously advanced its “online, in-store, in-home and in company” services. Ping An Good Doctor is an integral part of Ping An Group’s “insurance + health care” synergistic model. Centering on family doctor membership and senior care concierge services as two core hubs, Ping An Good Doctor has developed a one-stop “health and senior care” services platform. In the first half of 2025, Ping An Good Doctor launched an AI medical product matrix, built a health care service brand image, and promoted the standardization of senior care services. In the first half of 2025, Ping An Good Doctor achieved a revenue of RMB2,502 million and an adjusted net profit of RMB165 million. PKU Healthcare Group’s revenue exceeded RMB2.66 billion in the first half of 2025. Peking University International Hospital’s revenue approached RMB1.26 billion. In terms of partner networks, Ping An had about 50,000 in-house and contracted external doctors in China as of June 30, 2025. Ping An partnered with nearly 37,000 hospitals (including all top 100 hospitals and 3A hospitals), nearly 106,000 health management institutions, and approximately 240,000 pharmacies (nearly 36% of all pharmacies, up by over 4,800 from the beginning of the year) in China as of June 30, 2025. Overseas, Ping An partnered with over 1,300 medical institutions in 35 countries across the world.

Ping An provided differentiated and innovative services via the “finance + health care” and “finance + senior care services” models. Under the “finance + health care” model, Ping An expanded the coverage of “Ping An Family Doctor” and leveraged medical AI to enable services in all scenarios. In the first half of 2025, “Ping An Family Doctor” members exceeded 35 million and used the family doctor service five times per capita per year. This service provided professional and continuous health care for policyholders. Ping An prioritized the development of “insurance + home-based senior care” and “insurance + high-end senior care” products. Regarding home safety, Ping An Good Doctor upgraded senior-friendly smart devices to proactively monitor in-home risks for the elderly. Regarding professional care, Ping An Good Doctor provided in-home rehabilitative care services, and established partnerships with more than 100 senior care institutions. Regarding standardization, Ping An Good Doctor collaborated with enterprises, universities and research institutes to develop and release two new association standards for smart senior care platforms, bringing a total of five association standards now implemented in home-based senior care.

Ping An Optimized the Service Experience Through Massive Data Resources and Advanced AI Capabilities.

Ping An ranks among the top globally in terms of its massive data, which serves as a core foundation for AI-driven value creation. The Group’s databases have accumulated 30 trillion bytes of data, covering nearly 247 million retail customers, over 3.2 trillion high-quality tokens, 310,000 hours of labeled speeches and over 7.5 billion images. Trained with the massive data, Ping An’s large speech models, large language models, and large vision models achieved industry-leading accuracy rates in scenarios.

Ping An enabled its financial services by continuously expanding and deepening scenario-oriented AI application. Ping An’s large AI models were called 818 million times and applied to over 650 diverse scenarios in the first half of 2025. In enhancing services, Ping An leveraged human-AI collaboration to shorten response times, improve service precision and quality, and provide 24/7 online services. In the first half of 2025, 94% of life insurance policies were underwritten within seconds and 59% of claims were settled via the quick claim service. In cutting costs, AI significantly cut service costs via process automation and smart technologies. The volume of services provided by AI representatives reached about 882 million times in the first half of 2025, accounting for 80% of Ping An’s total customer service volume. In preventing risks, by combining ex-ante risk data analytics and AI, Ping An effectively mitigated credit risk for customers by analyzing behavior patterns at source. In the first half of 2025, Ping An P&C’s claims savings via smart fraud detection amounted to RMB6.44 billion. In promoting sales, AI agents assisted sales of RMB66,157 million by enabling demand analysis, personalized recommendation, sales pitches, and so on in the first half of 2025. Ping An built a smart “AI + human” reinstatement task assignment system. As a result, Ping An reinstated 18% more policies, effectively renewing coverage for customers.

Ping An actively fulfilled its social responsibilities and bolstered five key financial sectors. As of June 30, 2025, Ping An cumulatively invested nearly RMB10.80 trillion to bolster the real economy. Ping An’s green investment of insurance funds totaled RMB144,482 million, and green loan balance reached RMB251,746 million. In the first half of 2025, Ping An’s green insurance premium income reached RMB35,836 million. The Group provided RMB32,809 million for rural industrial vitalization through “Ping An Rural Communities Support” in the first half of 2025. MSCI ESG Rating rose to AA, being No.1 in the multi-line insurance and brokerage industry in Asia-Pacific. Focusing on its operational carbon neutrality goals, Ping An implemented a range of energy-saving and carbon-reduction initiatives, including office energy management, establishing a green procurement platform, and promoting green data centers. The Group’s operational carbon emissions totaled approximately 195,000 tons in the first half of 2025, representing an 11% reduction YoY.

Ping An carries forward the Shenzhen Special Economic Zone spirit and advances with the times, wholeheartedly meeting the needs of its customers. In 2025, AI is experiencing accelerated breakthroughs and ecosystem-wide applications. Amid homogeneous offerings and intensified competition, the financial, health and senior care industries are facing structural problems including an imbalance between growing consumer demand and insufficient supply, inadequate standards, and mixed service quality. Technological advance is gradually improving and even completely reshaping traditional financial business models, with “service differentiation” being key to transformation and upgrading. In its fourth decade for strategic advancement, Ping An will deliver ultimate “worry-free, time-saving, and money-saving” services by leveraging fintech and healthtech to meet customer needs under the philosophy of “Expertise makes life easier.”

In the second half of 2025, Ping An will adhere to the business policy of “focusing on core businesses, boosting revenue and cutting costs, advancing reform and innovation, and preventing risks”, continue to advance the technology-driven “integrated finance + health and senior care” dual-pronged strategy, and promote comprehensive digital transformation and the “worry-free, time-saving, and money-saving” value proposition. Leveraging core competitiveness via “service differentiation”, Ping An will stand at the forefront of technological revolution and industrial transformation, continuously pursue high-quality development, make greater contributions to Chinese modernization, and help build China into a financial powerhouse.

Tineco Unveils Next-Generation PURE ONE S Series Smart Vacuums

Featuring enhanced suction power, advanced cleaning intelligence, and uninterrupted performance for the ultimate home care experience

SEATTLE, Aug. 26, 2025 /PRNewswire/ — Tineco, a leader in intelligent home appliances with over 19.5 million global users, today announces the launch of its next-generation cordless vacuums: the PURE ONE S Series.

Tineco Unveils Next-Generation PURE ONE S Series Smart Vacuums
Tineco Unveils Next-Generation PURE ONE S Series Smart Vacuums

Introducing two new models – PURE ONE S70, PURE ONE S50 Pro, and PURE ONE S50 – this launch reinforces Tineco’s commitment to practical innovation and advanced engineering that makes home cleaning easier than ever. From eliminating mid-clean clogs to gliding effortlessly under furniture and automatic intelligent detection without manual intervention, the PURE ONE S Series transforms routine chores into a faster, smoother experience.

PURE ONE S70

Leading the way in performance, Tineco’s PURE ONE S70 features a new, advanced 3DSense Pro Brush with three innovative technologies that work together for maximum effectiveness. DustSense intelligently detects the amount of dust and automatically adjusts suction to unleash up to 200AW of power, while a 3D Light Display provides real-time instant feedback with color-changing indicators for cleaning mode and dirt level.

EdgeSense boosts suction to capture particles along walls, while LightSense uses a 150° wide-angle headlight to reveal even the smallest debris. These features work in tandem with an enhanced ClogLess System, which includes a re-engineered brush head, wider tube, and larger port that easily tackles large debris without clogging, ensuring uninterrupted, high-efficiency results.

Ideal for multi-surface and whole-home cleaning, an upgraded pouch cell battery offers 65 minutes of runtime, multiple attachments allow for various use cases, and a 180° foldable vacuum tube effortlessly reaches under low furniture. A compact stand stores and charges the unit, and a top-mounted, tilt-down dustbin button enables quick, hands-free emptying for convenient maintenance.

PURE ONE S50 Pro

Expanding the PURE ONE S Series, the PURE ONE S50 Pro offers efficient convenience with a ZeroTangle Brush that tackles hair messes without tangling, iLoop Smart Sensor technology that automatically adjusts the vacuum’s strength for optimal efficiency, and a smart LED screen for status updates. Sharing the S70’s 200AW of suction, ClogLess System, upgraded pouch cell battery, 180° foldable vacuum tube, and space-saving charging dock, the S50 Pro delivers the same cleaning power in a more streamlined design ideal for everyday home needs.

The series also includes the PURE ONE S50, a core model with 150AW of suction and the same trusted cleaning performance.

The PURE ONE S70 (MSRP $569) and PURE ONE S50 Pro (MSRP $469) are now available on the Tineco website (S70 and S50 Pro) and on Amazon (S70 and S50 Pro). The PURE ONE S50 (MSRP $469) will also be available through Best Buy starting in early October.

To learn more about Tineco and its full suite of floor care solutions, including vacuums, floor washers, and carpet cleaners, visit the Tineco website.

About Tineco

Tineco (“tin-co”) was founded in 1998 with its first product launch as a vacuum cleaner and, in 2019, pioneered the first-ever smart vacuum. Today, the brand has evolved into a global leader in intelligent appliances spanning floor care, kitchen, and personal care categories. With a growing user base of over 19.5 million households and availability in approximately 30 countries worldwide, Tineco remains committed to its brand vision of making life easier through smart technology and continuous innovation. For more information, visit us.tineco.com.

Yeastar and Telxi Expand SIP Trunk Compatibility Across 21 Countries

XIAMEN, China and PAPHOS, Cyprus, Aug. 26, 2025 /PRNewswire/ — Yeastar, the world’s leading provider of Unified Communications (UC) solutions, and Telxi, a next-generation telecommunications provider, have formed an interoperability partnership. Yeastar P-Series now supports Telxi SIP trunks in 21 countries—including the UK, Australia, and Cyprus—via a pre-configured template. Explore the certification page.

The collaboration between Yeastar and Telxi goes beyond technical compatibility—it signifies a commitment to enabling borderless communications. It empowers businesses worldwide accessing high-quality IP-based services with simplified deployment and greater flexibility, whether on-premises or in the cloud.

“At Yeastar, our mission has always been to empower businesses with reliable and flexible communication solutions. Partnering with Telxi allows us to offer seamless, high-quality SIP trunking that enhances efficiency and user experience across regions.” said Arya Zhou, Head of Global Sales at Yeastar.

“At Telxi, we are committed in providing secure, scalable, business SIP Trunking solutions. This certification with Yeastar is another milestone in delivering seamless interoperability to enterprises and SMB’s worldwide. By combining Yeastar’s powerful UC ecosystem with Telxi’s global SIP trunking, businesses gain instant access to flexible, carrier-grade connectivity that help them scale efficiently and operate without borders.” said Marios Italos, CEO of Telxi.

About Yeastar

Yeastar makes digital value easily accessible from ownership and adoption to daily usage and management by transforming how businesses connect and communicate. Yeastar has established itself as a leading provider of UC solutions with a strong ecosystem, a global network of channel partners, and over 650,000 customers worldwide.

Committed to delivering the right technology to value-oriented businesses, Yeastar offers easy-first products and services for UC&C to enable them to win in the modern digital world. For more information about Yeastar or to become a Yeastar partner, please visit https://www.yeastar.com/

About Telxi

Telxi is a next-generation telecommunications provider offering enterprise-grade VoIP, SIP trunking, and cloud-based communication services. Our scalable, pay‑as‑you‑go platform includes local and international voice termination, DIDs, messaging, fax, and emergency calling—delivered over a secure, fraud-protected infrastructure.

Built for CPaaS platforms, contact centers, and seamlessly compatible with top PBX systems, Telxi ensures easy integration, instant SIP trunk provisioning, unlimited channels, and global coverage. Features include TLS/SRTP encryption, real-time analytics, call recording, and full KYC/AML compliance. With carrier-grade reliability, flexible API integrations, and 24/7 expert support, Telxi empowers businesses to connect, scale, and operate cost-effectively—anywhere in the world.

CONTACT: Nicole Liu, marketing@yeastar.com 

Massimo Group Highlights Growth Opportunities and Upcoming Product Launches at Mid-States Rendezvous

GARLAND, Texas, Aug. 26, 2025 /PRNewswire/ — Massimo Group (“Massimo Group” or “Massimo;” NASDAQ: MAMO), a manufacturer and distributor of powersports vehicles, today announced its successful participation at the Mid-States 2025 Rendezvous, held August 20–21, in Phoenix, Arizona.

Massimo Booth at MidStates Rendezvous
Massimo Booth at MidStates Rendezvous

Massimo has proudly partnered with Mid-States for more than six years, and the annual fall show continues to serve as a key platform for collaboration, relationship building, and forward-looking strategy. The show provided Massimo with the opportunity to meet directly with partners to discuss unique product offerings, align on growth opportunities, and ensure the company continues delivering strong value and service to mutual customers.

“Mid-States is a great partner for Massimo, and we believe there is still significant opportunity to drive strong Q4 sales and set the stage for a strong 2026,” said David Shan, Chief Executive Officer of Massimo Group. “Events like the Mid-States 2025 Rendezvous are essential for engaging with our accounts, strengthening partnerships, and ensuring that we are working together to meet the needs of our customers.”

At this year’s event, Massimo also introduced its partners to several upcoming product launches that are set to expand its portfolio, including the innovative HVAC Sentinel Series, enclosed MVR Golf Carts with integrated air conditioning, and the newly launched T-Boss 900L Crew UTV. Each of these new offerings reinforces Massimo’s commitment to delivering high-performance, feature-rich products designed to meet the diverse needs of customers across recreational, commercial, and residential applications.

By leveraging its relationship with Mid-States and showcasing a robust pipeline of new products, Massimo remains well positioned to capture market momentum in the final quarter of 2025 with strategic promotions for the upcoming hunting and holiday seasons.

About Massimo Group (NASDAQ: MAMO)
Massimo Group is a manufacturer and distributor of powersports products. Headquartered in Texas, the company offers a full lineup of UTVs, ATVs, and mini bikes built for outdoor adventure. Massimo Group is dedicated to providing high-performance, reliable, and affordable vehicles for consumers across the United States.

Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of the federal securities laws with respect to Massimo. All statements other than statements of historical facts contained in this press release, including statements regarding Massimo’s future results of operations and financial position, Massimo’s business strategy, prospective costs, timing and likelihood of success, plans and objectives of management for future operations, future results of current and anticipated operations of Massimo are forward-looking statements. In some cases, forward-looking statements can be identified because they contain words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “predict,” “project,” “target,” “potential,” “seek,” “will,” “would,” “could,” “should,” and similar expressions. These forward-looking statements are based on assumptions that we have made in light of our experience in the industry as well as our perceptions of historical trends, current conditions, expected future developments, and other factors we believe are appropriate under the circumstances.

Company
Dr. Yunhao Chen
Chief Financial Officer
Massimo Group
ir@massimomotor.com 

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Lianlian DigiTech’s H1 2025 Revenue grew 26.8%, a Record High, Net Profit Tops RMB 1.51 Billion

HANGZHOU, China, Aug. 26, 2025 /PRNewswire/ — Lianlian DigiTech Co., Ltd. (HKEX: 2598), a leader in China’s digital payment solution market and global commerce digitalization, today reported interim results for the six months ended June 30, 2025. 

  • Total transaction payment volume (TPV) of the digital payment business reached RMB 2.07 trillion, a year-on-year increase of 32.0%. Global TPV reached RMB 198.5 billion, a year‑on‑year increase of 94.0%.
  • Total revenue amounted to a record high of RMB 782.7 million, growing 26.8% year-on-year.
  • Gross profit was RMB 406.2 million, gross profit margin stayed steady at 51.9%.
  • Expenses including spending on various strategic projects including web3 initiatives dropped by 6.5 percentage points (excluding share-based compensation and listing expenses).
  • Net profit reached RMB 1.51 billion, driven by an 85% increase of operational income to 63.0 million and a net gain of RMB1.6 billion from the disposal of the Company’s equity interest in Express (Hangzhou) Technology Services Co., Ltd. (LianTong).

Mr. Xin Jie, CEO of Lianlian DigiTech, commented, “In the first half of 2025, we maintained strong momentum operationally, with all business lines delivering solid growth. Our revenues from global payments, domestic payments, and value-added services all grew by over 20%. Strong synergies between our domestic and global payment businesses steadily expanded overall transaction volume. Our performance is supported by 65 payment licenses worldwide, a robust compliance framework, and over two decades of experience serving global SMEs and merchant customers. Looking ahead, we will continue to leverage our global compliance network to make our “internal and external coordination” mechanism even more effective, further enhancing our core competitiveness in cross‑border payments and value‑added services.”

Ms. Wei Ping, CFO of Lianlian DigiTech, said, “In the past six months, Lianlian DigiTech has significantly enhanced operational efficiency through refined management and continuous innovation. We systematically optimized our cost structure and leveraged economies of scale to successfully reduce the proportion of major expenses to revenue. These efforts have enabled us to maintain sustainable profitability while continue to invest in strategic initiatives, keeping us well ahead of the competition. Looking ahead, we will continue to innovate and deepen our strategic presence to deliver greater returns to our shareholders.”

During the first half of 2025, Lianlian DigiTech continued to deepen the global strategic presence, enabling cross-border e-commerce merchants and other business clients across diverse industries to achieve real-time multi-currency settlement and global payouts, streamline treasury operations, and reduce operating costs. For the period, total payment volume (TPV) from the global payment business reached RMB 198.5 billion, up 94.0% year-on-year, while total revenue rose to RMB 472.8 million, a 27.0% year-on-year increase. As of June 2025, the Company had served a total of more than 7.9 million customers worldwide.

Lianlian DigiTech continued to achieve strong growth in its domestic payment business as the Company deepens its comprehensive industry payment solutions, empowering the end-to-end digital transformation of upstream and downstream participants across the industrial value chain. Regarding value-added services, the Company’s digital marketing solutions further expanded their ecosystem footprint.

During the period, the Company’s domestic payment business achieved a TPV of RMB 1.87 trillion, representing a year-on-year increase of 27.6%, and generated revenue of RMB 211.2 million, an increase of 24.6%. Revenue from value-added services also grew steadily to RMB 89.6 million, a year-on-year increase of 34.2%.

The Company continued to enhance operational efficiency, with initial results from cost optimization beginning to emerge. On a non‑IFRS basis, selling and marketing expenses and general and administrative expenses that reflect actual business operations increased by 18.2% and 2.9% year‑on‑year, respectively, both below the revenue growth rate for the same period. Research and development expenses rose by 29.5%, as the Company continued to invest in technological innovation, including blockchain and AI.

Looking ahead, Lianlian DigiTech remains committed to advancing its technological leadership by investing in AI integration, blockchain applications, and digital asset solutions for cross-border payments. These initiatives are designed to enhance the company’s core multi-currency fund processing capabilities and are supported by its RMB 1.56 billion in cash and cash equivalents.

For more information, please refer to the interim results announcement:
https://ir-upload.realxen.net/iis/2598/uploads/iis/2025/11809429-0.PDF

Conference Call Details

Lianlian DigiTech’s management will hold an earnings conference call at 10:00 AM Beijing/Hong Kong Time on Wednesday, August 27, 2025.

Dial-in Numbers

  • Global Access: +86 10 58084199
  • China Toll-Free: 400 810 8228 (Chinese)  400 810 8128 (English)
  • Beijing: +86 10 58084199 (Chinese)  +86 10 58084166 (English)
  • Hong Kong: +852 30051355 (Chinese)  +852 30051313 (English)
  • United States (New York): +1 646 2543594 (English)  1-866-636-3243 (English Toll-Free)
  • Singapore: +65 6818 5374 (English)

Access Information

  • Chinese Conference Password: 636658  English Conference Password: 106628

About Lianlian DigiTech

Founded in 2009, Lianlian DigiTech Co., Ltd. (“Lianlian DigiTech”) is a leading Chinese digital payment solutions provider with global payment capabilities to serve its customers worldwide. Leveraging its extensive global payment network built upon its expansive global licensing strategy, comprehensive proprietary technology platform, and broad partnerships, Lianlian DigiTech provides rich digital payment services and value-added services to customers in China and around the world. Its customers mainly include merchants (who primarily conduct retail business with end-buyers through e-commerce platforms) and enterprises (who primarily sell goods or provide services to end-buyers, including companies and institutions).

Among all digital payment solution providers based in China, Lianlian DigiTech has extensive global business outreach and licensing coverage, and is the only provider holding all state-level money transmitter licenses in the United States. As of June 30, 2025, its global licensing layout consists of 65 payment licenses and relevant qualifications and a virtual asset trading platform (VATP) license from Securities and Futures Commission (SFC) of Hong Kong. Lianlian DigiTech provides services that encompass over 100 countries and regions, and support transactions in over 130 currencies.

 

ZEISS showcases comprehensive workflow for full spectrum of retina care at EURETINA

At EURETINA 2025, ZEISS Medical Technology combines its diagnostic, surgical and digital technologies to support healthcare professionals in advancing retinal care:

  • IMPROVE PATHOLOGY DETECTION: Now CE mark approved, CIRRUS® PathFinderTM AI decision support tool streamlines OCT data review; ICGA for CLARUS® 700 offers FA + ICG simultaneous capture.
  • ACCELERATE RETINA RESEARCH: AI-ready ZEISS Research Data Platform (RDP) empowers retina specialists to transform their clinical hypotheses into measurable outcomes through smarter, more efficient research.
  • TRANSFORM VITREORETINAL TREAMENT: TDC VELOCETM, the new high-speed cutter for the DORC EVA NEXUSTM platform, unlocks new possibilities for the platform’s proprietary VacuFlow VTi fluidics, further enabling the capabilities of the SMART IOPTM system of the EVA NEXUS to provide constant intraoperative stability during surgery on one of the market’s most advanced dual-function, vitreoretinal and cataract surgical systems.
  • SETTING THE PACE IN VISUALIZATION: ZEISS ARTEVO 850 and ZEISS ARTEVO 750, now with updated ZEISS CALLISTO eye software, support confident decision making and elevate the surgical workflow in vitreoretinal and combined phacovitrectomy procedures.

JENA, Germany, Aug. 26, 2025 /PRNewswire/ — ZEISS Medical Technology will showcase its most advanced and comprehensive retina portfolio yet — spanning from pathology detection and assessment to planning and treatment — at the European Society of Retina Specialists (EURETINA) conference in Paris, France, from Sept. 4 – 7, 2025. ZEISS is one of very few companies offering the full spectrum of retinal care, combining diagnostic imaging, digital workflow tools and vitreoretinal surgical technologies, to support data continuity, procedural efficiency, and clinical decision-making across the retina care pathway.

 

CIRRUS PathFinder from ZEISS

“At ZEISS, we continue to enhance the ZEISS Retina Workflow with new capabilities, to help empower clinicians who are redefining vitreoretinal surgery and advance retinal care,” says Magnus Reibenspiess, Head of Strategic Business Unit Ophthalmology at ZEISS Medical Technology. “We’re excited to continue leading in this area and meeting the evolving needs of surgeons from around the world with one of the few end-to-end retina ecosystems in the industry.”

“By combining the strengths of ZEISS and DORC, we’re reducing complexity to help enable retina specialists around the world to diagnose earlier, treat with greater precision, and monitor more effectively – through an expanding connected workflow,” says Pierre Billardon, Head of Business Sectors Surgery Posterior Segment at ZEISS Medical Technology and CEO of DORC International.

Enhanced diagnostic offerings help detect pathology efficiently and with certainty

ZEISS will highlight recent enhancements to its diagnostic portfolio within the ZEISS Retina Workflow, including the integration of digital tools aimed at supporting clinicians in detecting pathology more efficiently and precisely. At EURETINA, ZEISS will showcase several of these innovations, including:

  1. CIRRUS® Pathfinder™ now with CE mark approval. This innovative clinical support tool uses integrated artificial intelligence (AI) to assist in automatically identifying abnormal macular OCT B-scans. As part of the latest CIRRUS software release, PathFinder1 leverages proprietary deep learning algorithms to support OCT interpretation and improve OCTA image quality and multi-layer segmentation to help elevate diagnostic workflows and enhance patient care.
  2. CLARUS® 700 with ICGA. The updated CLARUS software provides high-resolution early phase to late phase ultra-widefield imaging. New features include standalone ICG, simultaneous FA-ICG capture and an added movie mode for all angiography modalities: standalone FA, standalone ICG and simultaneous FA-ICG.2
  3. ZEISS Research Data Platform (RDP). The secure, cloud-based, AI-driven solution is designed for multi-center research and real-world clinical evidence, empowering retina specialists to transform their clinical hypotheses into measurable outcomes. With built-in support for AI algorithm training and biomarker generation, the ZEISS RDP allows researchers to harness complex data and drive innovation without compromising on compliance or collaboration.

Attendees can learn more about the latest diagnostic offerings within the ZEISS Retina Workflow at the ZEISS booth #2.B20:

  1. Experience how the ZEISS RDP enables retina specialists to train AI models, generate biomarkers, and scale collaborative research across institutions on Thursday, Sept. 4, from 10:00 – 10:30 am CEST.
  2. Dr. Ricardo Leitao Guerra presents, “ZEISS Retina Workflow in the Real World: OCTA, FA, ICGA in Clinical Application,” on Thursday, Sept. 4, from 2:30 – 3:00 pm CEST.
  3. Dr. Harvey Uy presents, “Clinical Study Results: Comparison of image review parameters from two different optical coherence tomography analytical workflows,” on Friday, Sept. 5, from 2:30 – 3:00 pm CEST.

ZEISS innovation transforms treatment approaches for vitreoretinal surgery

With the ongoing integration of solutions from DORC, the ZEISS Retina Workflow solutions aim to help enable surgeons with increased predictability and efficiency in vitreoretinal surgery, offering a digitally connected portfolio from diagnostics through surgery and post-op care, supporting more precise planning and execution of surgical maneuvers.

ZEISS is introducing TDC VELOCE™ from DORC at EURETINA, a new high-speed cutter for the EVA NEXUS™ phacovitrectomy system that enables SMART IOP™ for posterior surgery to provide constant intraoperative stability. TDC VELOCE combines performance, control, stability and a new ergonomic design that offers improved aspiration flow for 25G/27G, a higher cut speed of up to 20k CPM3, an ergonomic, contoured soft grip, and increased shaft stiffness for ease of reaching the periphery and shaving the vitreous base.

“With TDC VELOCE we were able to raise the limits of flow and rigidity. TDC VELOCE in combination with EVA NEXUS SMART IOP for posterior surgery sets new standards in IOP stability during vitreous shaving,” shared TDC VELOCE co-developer Professor Mitrofanis Pavlidis, MD, PH.D., Augenzentrum Köln, Germany.

Attendees can learn more about the latest surgical offerings within the ZEISS Retina Workflow at the ZEISS booth #2.B20:

  1. Professor Pavlidis presents the TDC VELOCE next-generation, high-speed cutter for EVA NEXUS on Saturday, Sept. 6, from 11:30 – 12:00 pm CEST.

At EURETINA, ZEISS will also showcase updates on the ZEISS CALLISTO eye® software for ZEISS ARTEVO 750 and ZEISS ARTEVO 850. The updated ZEISS CALLISTO eye software allows for visualization of retinal structures on the 3D screen of the ZEISS ARTEVO 850 with up to 30% higher magnification.4 Advanced camera settings, including automatic exposure control, provide customization of the visualization experience to the surgeon’s individual preferences. In addition, the software update now also offers reference image matching for toric IOL implantations in either the eyepiece of the ZEISS ARTEVO 750 or the 3D monitor of the ZEISS ARTEVO 850 as well as optional 3D recording on the ZEISS ARTEVO 850.

ZEISS is showcasing additional innovations within the ZEISS Retina Workflow at EURETINA, including:

  1. the ARTEVO® 850 3D digital ophthalmic microscope offering customizable 3D digital visualization, true color imaging with high fidelity display, and an expanded depth of field (DoF);
  2. single-use lenses for the RESIGHT® fundus viewing system providing retinal surgeons with a clear and uncompromised view for every surgical procedure in the posterior segment, while also offering all the advantages of single-use lenses;
  3. and the EVA NEXUS™ surgical system from DORC, one of the market’s most advanced dual-function, vitreoretinal and cataract surgical systems, offering surgeons a more responsive platform designed to combine efficiency, precision, and control.

ZEISS will showcase its latest diagnostic and surgical offerings and new innovations at the European Society of Retina Specialists (EURETINA) conference from Sept. 4 – 7, 2025, at booth #2.B20.

For more information, visit www.zeiss.com/med.

1 ZEISS PathFinder works on all current ZEISS CIRRUS devices: 500, 5000, 6000, however RDB2 is for ZEISS CIRRUS 6000 data only.
2Not for human use in the EU.
3TDC VELOCE has a cut speed of up to 10.000 cpm and is designed to facilitate cutting tissue on the return of each stroke of the vitrectome, effectively doubling the cut speed.
4 compared to ZEISS CALLISTO software 5.0.

Not all products, services or offers are approved or offered in every market and approved labeling and instructions may vary from one country to another. For country-specific product information, see the appropriate country website. Product specifications are subject to change in design and scope of delivery as a result of ongoing technical development. The statements of the healthcare professionals reflect only their personal opinions and experiences and do not necessarily reflect the opinion of any institution that they are affiliated with. The healthcare professionals alone are responsible for the content of their experience reported and any potential resulting infringements. Carl Zeiss Meditec AG and its affiliates to not have clinical evidence supporting the opinions and statements of the health care professionals nor accept any responsibility or liability of the healthcare professionals’ content. The healthcare professionals have a contractual or other financial relationship with Carl Zeiss Meditec AG and its affiliates and have received financial support. 

Contact for investors
Sebastian Frericks
Head of Group Finance & Investor Relations
Carl Zeiss Meditec AG
Phone: +49 3641 220 116
Mail: investors.med@zeiss.com

Contact for the press
Frank Smith
Head of Global Communications Ophthalmology
Carl Zeiss Meditec AG
Phone: +49 3641 220 331
Mail: press.med@zeiss.com

www.zeiss.com/newsroom

Brief Profile

Carl Zeiss Meditec AG (ISIN: DE0005313704), which is listed on the MDAX and TecDAX of the German stock exchange, is one of the world’s leading medical technology companies. The Company supplies innovative technologies and application-oriented solutions designed to help doctors improve the quality of life of their patients. The Company offers complete solutions, including implants and consumables, to diagnose and treat eye diseases. The Company creates innovative visualization solutions in the field of microsurgery. With 5,730 employees worldwide, the Group generated revenue of €2,066.1m in fiscal year 2023/24 (to 30 September).

The Group’s head office is located in Jena, Germany, and it has subsidiaries in Germany and abroad; more than 50 percent of its employees are based in the USA, Japan, Spain and France. The Center for Application and Research (CARIn) in Bangalore, India and the Carl Zeiss Innovations Center for Research and Development in Shanghai, China, strengthen the Company’s presence in these rapidly developing economies. Around 39 percent of Carl Zeiss Meditec AG’s shares are in free float. Approx. 59 percent are held by Carl Zeiss AG, one of the world’s leading groups in the optical and optoelectronic industries.

For further information visit: www.zeiss.com/med

ZEISS Research Data Platform (RDP)
ZEISS Research Data Platform (RDP)

 

TDC VELOCE from DORC
TDC VELOCE from DORC

 

ZEISS ARTEVO 850 with CALLISTO eye Retina OCT
ZEISS ARTEVO 850 with CALLISTO eye Retina OCT

 

EquiLend Onboards EFG Hermes as First Saudi Arabia-Based Client on NGT Trading Platform

Milestone deal marks EquiLend’s expansion into the Kingdom with full-suite automation adoption

NEW YORK, Aug. 26, 2025 /PRNewswire/ — EquiLend today announced that EFG Hermes is going live on the firm’s Next Generation Trading (NGT) platform, becoming EquiLend’s first trading client based in the Kingdom of Saudi Arabia, and the first in the region to adopt full post-trade and trading automation via EquiLend.

EFG Hermes, an EFG Holding company, is the leading investment bank in the Middle East and North Africa (MENA), offering an extensive array of financial services, encompassing advisory, asset management, securities brokerage, research, and private equity. EFG Hermes previously onboarded EquiLend’s post-trade services and now expands that relationship to include trading via EquiLend NGT. The implementation enables streamlined, automated execution and lifecycle management, giving EFG Hermes greater access to global liquidity, improved visibility into activity, and more efficient operations across its securities finance business.

“Our partnership with EFG Hermes reflects EquiLend’s commitment to delivering market-leading technology that meets the needs of firms across the Kingdom, the United Arabic Emirates, the GCC region, and around the world,” said Rich Grossi, CEO of EquiLend. “We are proud to support the growth of Saudi Arabia’s securities finance market and look forward to further collaboration with leading institutions across the region.”

“This is a significant milestone for EquiLend, the local Saudi Arabian market and the securities finance industry,” said Dimitri Arlando, Head of EMEA Sales at EquiLend. “EFG Hermes will not only benefit from automation, which will highlight them as an attractive counterparty to trade with, but connecting to the EquiLend ecosystem will also help EFG Hermes access more demand for Saudi Equities from market participants across the globe.”

This milestone underscores EquiLend’s commitment to the Kingdom of Saudi Arabia and the broader GCC region. EquiLend is actively engaged with leading institutions across the region, providing solutions that drive efficiency, automation and global connectivity in securities finance.

About EquiLend:
EquiLend is a global financial technology firm offering Trading, Post-Trade, Data & Analytics, RegTech and Platform Solutions for the securities finance industry. With offices in North America, EMEA and Asia-Pacific, EquiLend operates across various jurisdictions worldwide, adhering to the highest regulatory standards.

The company is committed to excellence and innovation and is consistently recognized for its contributions to the industry. EquiLend is Great Place to Work Certified in the U.S., UK, Ireland and India and has been awarded Global Data Provider of the Year and Regulatory Solution of the Year in the Securities Finance Times Industry Excellence Awards 2025.

For more information, please visit www.equilend.com

For further information about EquiLend, please contact: media@equilend.com

About EFG Holding:
EFG Holding (EGX: HRHO.CA – LSE: EFGD) is a financial institution that boasts a remarkable 40-year legacy of success in seven countries spanning two continents. Operating within three distinct verticals — the Investment Bank (EFG Hermes), Non-Bank Financial Institutions (NBFI) (EFG Finance), and Commercial Bank (Bank NXT) — the company provides a comprehensive range of groundbreaking financial products and services tailored to meet the needs of a diverse clientele, including individual clients and businesses of all sizes.

EFG Hermes, the leading investment bank in the Middle East and North Africa (MENA), offers extensive financial services, encompassing advisory, asset management, securities brokerage, research, and private equity. In its domestic market, EFG Holding serves as a universal bank, with EFG Finance emerging as the fastest-growing NBFI platform, comprising Tanmeyah, a provider of innovative and integrated financial solutions for small business owners and entrepreneurs, EFG Corp-Solutions, which provides leasing and factoring services, Valu, a universal financial technology powerhouse, Bedaya for mortgage finance, Kaf for insurance, and EFG Finance SMEs, which provides financial services for small and medium enterprises. Furthermore, the company delivers commercial banking solutions through Bank NXT, an integrated retail and corporate banking product provider in Egypt.

Proudly present in: Egypt | United Arab Emirates | Saudi Arabia | Kuwait | Bahrain | Kenya | Nigeria

Learn more about us at www.efghldg.com

For further information about EFG Hermes, please contact:
May El Gammal
Group Chief Marketing & Communications Officer of EFG Holding
melgammal@efghldg.com

Omar Salama
Associate Director of Communications of EFG Holding
osalama@efghldg.com

The EFG Holding Public Relations Team
PublicRelations@efghldg.com

Note on Forward-Looking Statements
In this press release, EFG Holding may make forward-looking statements, including, for example, statements about management’s expectations, strategic objectives, growth opportunities, and business prospects. These forward-looking statements are not historical facts but instead represent only EFG Holding’s belief regarding future events, many of which, by their nature, are inherently uncertain and are beyond management’s control and include, among others, financial market volatility; actions and initiatives taken by current and potential competitors; general economic conditions and the effect of current, pending, and future legislation, regulations and regulatory actions. Accordingly, the readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date on which they are made.

HEXCLAD ANNOUNCES F1 DRIVER YUKI TSUNODA AS GLOBAL AMBASSADOR

Tsunoda Joins Gordon Ramsay in High-Performance Campaign Blending Speed, Precision, Culinary Excellence

LOS ANGELES, Aug. 26, 2025 /PRNewswire/ — HexClad, the performance-driven kitchenware brand beloved by top chefs and ambitious home cooks alike, today announced Yuki Tsunoda, rising Formula 1 star, as its newest Global Brand Ambassador. The partnership kicks off an international campaign that brings together the precision of racing and the artistry of cooking, two worlds where elite tools, focus, and execution make all the difference.

 

HEXCLAD ANNOUNCES F1 DRIVER YUKI TSUNODA AS GLOBAL AMBASSADOR

Tsunoda, known for his fearless driving style and standout personality, is also a passionate home cook who has long dreamed of becoming a chef. Now, he’s teaming up with Gordon Ramsay, one of the most iconic figures in global cuisine, for a dynamic new campaign, High Performance Cookware, with HexClad that celebrates performance at every level. In a bold creative twist, the two stars trade roles – Tsunoda steps into the kitchen, while Ramsay teases getting behind the wheel, proving that unlocking performance, in any field, starts with the right tools.

“Food and cooking are a huge part of my life, and I love spending time in the kitchen,” said Yuki Tsunoda. “Partnering with HexClad felt like a natural fit, their cookware makes the experience more enjoyable while giving me the tools to cook at a professional level.”

Tsunoda joins HexClad’s growing ambassador lineup, led by Ramsay, who trust the brand’s patented hybrid cookware for its unmatched durability, performance and design. As part of the partnership, Tsunoda will appear in global campaign content throughout the 2025 F1 season, spotlighting how HexClad supports his life off the track with the same attention to performance he brings to every race. He will also sport the HexClad brand logo on his race helmet at one race this season.

“Yuki is an incredible athlete, but what makes him perfect for HexClad is his mindset. He’s passionate, precise and all in,” said Daniel Winer, Co-Founder and CEO of HexClad. “We built this brand for people who want the best tools to push themselves, whether they’re cooking dinner or chasing a championship.”

The announcement follows a wave of momentum for HexClad, which continues to expand globally and redefine how performance-driven cooking tools are driving the industry. With Tsunoda onboard, the brand deepens its presence in both the culinary world and the global sports spotlight.

The campaign, concepted by HexClad and produced by KODE Media under the direction of Cannes-winning commercial director Peter Franklyn Banks, will roll out globally across broadcast, digital and social platforms beginning fall 2025, supported by a multi-market PR and retail strategy spanning the U.S., U.K., Japan, and beyond.

To learn more, visit www.hexclad.com

About HexClad:
HexClad is a global premium kitchenware brand based in Los Angeles, known for its patented hybrid technology that combines stainless steel with nonstick for unmatched performance, durability, and ease-of-use. Since its founding in 2016, HexClad has redefined modern cooking tools with a full line of high-performance products, including cookware, cutlery, cutting boards, aprons, and kitchen accessories. Sold through direct-to-consumer channels and strategic retail partners, HexClad has built a passionate global following by empowering cooks of all levels with products that break rules and challenge convention. The brand was named to the Inc. 5000 list of the fastest-growing private companies in America 2023-2025. Learn more at www.hexclad.com