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WIRobotics Unveils ‘ALLEX,’ a General-Purpose Humanoid with Human-Like Responsiveness

Implements human-like whole-body force sensing and compliance across arms, fingers, and waist; introduces a new high-DOF compliant hand, a low-friction backdrivable arm, and a gravity-compensated upper body

CHEONAN, South Korea, Aug. 18, 2025 /PRNewswire/ –Global robotics leader WIRobotics (Co-CEOs Yong-Jae Kim, Professor at KOREATECH, and Younbaek Lee) today unveiled the upper body of its first general-purpose humanoid robot, ALLEX, at the Robot Innovation Hub (RIH) located on the First Campus of the Korea University of Technology and Education (KOREATECH).

WIRobotics Unveils ‘ALLEX,’ a General-Purpose Humanoid with Human-Like Responsiveness
WIRobotics Unveils ‘ALLEX,’ a General-Purpose Humanoid with Human-Like Responsiveness

Youtube Link: https://youtu.be/qT2UZ3oN4xI?si=5im0YYNrNq8nSNr6

ALLEX stands for “ALL-EXperience.” Beyond visual recognition and position control, it responds to physical stimuli such as force, contact, and impact in the real world. By delivering humanlike interaction capabilities, ALLEX sets a new standard for humanoid robots, surpassing the limitations of current robotics.

Developed with WIRobotics’ proprietary mechanisms and control technologies, the newly unveiled ALLEX comprises a new high-degree-of-freedom (DOF) robotic hand that senses reaction forces like a human and yields compliantly to external loads; a highly backdrivable robot arm with more than 10 times lower friction and rotational inertia than conventional collaborative robot arms; and a upper body with a gravity compensation mechanism. With precise force control and flexible motion, ALLEX significantly expands applicability in fields that require direct interaction with people, including services, manufacturing, and household tasks.

Technical Highlights

High–DOF compliant robotic hand. A human-hand-sized end-effector with 15 DOF enables precise motions and diverse tasks. With inherent human-like compliance, it detects and responds to forces as small as 100 gf even without tactile sensors; fingertip repeatability is 0.3 mm or less. It delivers 40 N fingertip force and over 30 kg hook grip—world-class grasping performance among high-DOF, human-sized robotic hands.

New actuation and control technologies. A newly developed ultra-low-friction, high-load actuator achieves human-level adaptability and force-control performance. A motor-control algorithm integrating precise position control with force and stiffness control is applied to the actuator. Together with a gravity-compensated waist, the whole-body design enables safe interaction, high-load operation, and precision control.

Lightweight structure with high payload capacity. The hand is approximately 700 g, and the assembly from the shoulder down is about 5 kg, enabling agile, safe, and human-like motion. Across the full workspace, more than 3 kg can be handled with one hand, corresponding to the work capability of mid-size collaborative robots weighing over 20 kg.

Whole-body force control and interaction. As the first inherently compliant humanoid capable of force-based responses across the arms, fingers, and waist without force sensors, ALLEX enables safe yet dynamic interactions with people. By minimizing the sim-to-real gap, it is optimized for machine-learning-based training and also ensures autonomy and scalability.

WIRobotics places the establishment of technical leadership in the field of general-purpose humanoid platforms as a top priority based on ALLEX. Going forward, the company will expand ALLEX into a modular platform—supplying arms, hands, body, and leader systems individually or in combination—and build a foundation for commercialization through field demonstrations in various industries.

To promote the convergence of robotics and AI, the company is building an open innovation ecosystem. WIRobotics has formed a strategic partnership with RLWRLD, a physical AI startup, to develop ALLEX’s intelligence, and is collaborating with leading domestic and overseas research institutions and companies, including MIT, UIUC, UMass, KIST, and Maxon. The company plans to expand the distribution of research platforms and broaden global commercialization partnerships in stages.

“ALLEX goes beyond merely replicating human movement —it is the first robot that truly experiences and responds to the real world,” said Yong-Jae Kim, Co-CEO and CTO of WIRobotics. “From day one, we’ve developed technology for people. Building on the wearable robotics we introduced two years ago, our goal is to deliver by 2030 a general-purpose humanoid platform that anyone can use in everyday life. We will open a new era of general-purpose robotics where precision and flexibility coexist,”

About WIRobotics

Founded in June 2021 by four former engineers from Samsung’s Robotics Development Team, WIRobotics is a startup specializing in wearable and humanoid robots. Guided by the vision “Technology for People, Enhancing Quality of Life,” the company aims to realize the everyday adoption of robots beyond laboratories and industrial sites. WIRobotics developed the WIBS industrial back-support robot and the WIM daily mobility-assist robot, winning CES Innovation Awards in Robotics for two consecutive years (2024 and 2025). The company established Korea’s first Wearable Robot Gait Training Center and operates walking-health programs for the public. In March 2024, it raised KRW 13 billion in Series A funding to accelerate the popularization of wearable robots. Continuing R&D on safe, flexible robotic arms and hands and on bipedal locomotion, WIRobotics opened the Robot Innovation Hub in June 2024 to collaborate with research institutions in Korea and abroad.

 

LONGi Launches Lightweight Module, Officially Entering Low-Load Market

XI’AN, China, Aug. 18, 2025 /PRNewswire/ — As solar power becomes globally popularized, over 30% of rooftops still not suit to install solar panels due to load issues. Despite those owners eager for green transformation, most of them have to give up because of high reinforcement costs. On August 15, 2025, LONGi launched the Hi-MO X10 Light design Module, officially targeting the low-load C&I market.

Hi-MO X10 Light
Hi-MO X10 Light

The Hi-MO X10 Light design Module is based on HPBC 2.0 cell, maintaining excellent performance in safety, reliability, and high-efficiency, with a maximum efficiency of 24.8% and a maximum power of 560W. The module weighs 7.2KG/㎡, a reduction of over 30% compared to conventional modules.

Charles Jiang, President of LONGi DGBG, launched the lightweight module
Charles Jiang, President of LONGi DGBG, launched the lightweight module

Lighter, More cost saving, and Safer

On May 25, LONGi first launched this module in the Chinese market, leading the industry in lightweight design, convenient installation, and reliability.

Lighter: The Hi-MO X10 Light Design Module features multiple weight-reduction processes, weighing only 7.2KG/㎡, a 42% reduction from conventional Dual glass TOPCon modules. A 10,000㎡ rooftop can reduce the load by 34 tons. Preliminary estimates show this module could enable 1 billion square meters of factory rooftops worldwide to access green energy.

More cost saving: The Hi-MO X10 Light Design Module achieves a conversion efficiency of 24.8%, far exceeding 21.6% of other products. The power of a single module is 140W higher than conventional lightweight modules, and the overall BOS cost is reduced by 33%.

In the past, old factories always did not pre-reserve solar loads, so it is necessary to reinforce rooftops to install solar system. Take Chinese buildings as an example, the cost of reinforcing the “main structure+purlins” is as high as 0.5RMB yuan/W. For a 10,000㎡ rooftop, the reinforcement cost is approximately 500,000RMB yuan .

On the other hand, many such factories cannot carry out internal reinforcement work due to production continuity issues. For a 10,000㎡ rooftop, the entire process of roof reinforcement (surveying, designing, constructing, inspecting) and solar system installation takes about 42 days. Lightweight modules only take 8-10 days, saving both time and costs.

Safer: Although the weight of the Hi-MO X10 Light Design Module is reduced, its quality remains uncompromised. The module adds one-line welding ribbon on the back to form an efficient mechanical distribution, increasing the maximum bearing capacity by over 50% and reducing the deformation at the center of the module by 50%, effectively improving the module’s compression and bending resistance. Meanwhile, the thickness of the module frame is increased by 5%. With a special frame structure design, the overall mechanical strength is increased by 20%, which can inhibit frame distortion and deformation in case of strong winds or snow.

Dual-Protection Function: Anti-Fire and Anti-Shading

The Hi-MO X10 Light Design Module continues the Anti-shading function of the Hi-MO X10 series.

Anti-Fire: In case of local shading by bird droppings or leaves, this module can significantly reduce the hot-spot temperature under shadow, preventing overheating and fires. Laboratory and field tests show that under the same leaf shading, the local temperature of the Hi-MO X10 Light Design Module is only 80°C, greatly reducing the risk of fire.

Anti-Shading: According to the two-month empirical test by CGC Certification, under different shading conditions (full light without shading, simulated bird droppings, simulated shading in wind and solar hybrid fields), the average backplane temperature of HPBC 2.0 modules is 7.43°C lower than that of TOPCon modules. The lower operating temperature effectively prevents safety risks caused by local shading.

Leading Performance as Before

So far, there are more than ten types of lightweight or flexible modules on the market, but they are prone to lack reliability during long-term outdoor use. Yellowing, leading to reduced light transmittance and power degradation; deformation, which increasing the safety risks of electric leakage or short circuits; fires, with toxic gases such as hydrogen fluoride releasing.

Most lightweight modules based on PERC, TOPCon, and other technologies with a conversion efficiency of only about 21%. In terms of structure, most of the flexible modules have no frames, making them more prone to micro cracks. The adhesive installation method not only poses a risk of debonding during long-term use but also increases the difficulty of later maintenance.

The market has long awaited a lightweight module which is “lighter, more cost saving, and safer”.

Regarding the launch of this product, Jiang Dongyu, President of LONGi’s Distributed Business Group, said that LONGi has always adhered to the development philosophy of stability, reliability, and technological leadership even when facing the trend of “cost reduction” in the solar industry. “When the demand for cost reduction conflicts with the “reliability” of products, LONGi will firmly prioritizes reliability.” said Jiang Dongyu.

The launch of the Hi-MO X10 Light Design Module not only address the pain points of the low-load rooftop market, but also represents another implementation of LONGi’s ” scenario-based+ differentiated ” product strategy. In the future, LONGi will continue to drive “dual innovation” in solar technology and product R&D to create more scenario-based products and solutions.

LakeShore Biopharma Announces Receipt of a Preliminary Non-Binding Proposal to Acquire the Company

BEIJING, Aug. 18, 2025 /PRNewswire/ — LakeShore Biopharma Co., Ltd (Nasdaq: LSB) (“LakeShore Biopharma” or the “Company”), a global biopharmaceutical company dedicated to discovering, developing, manufacturing, and delivering new generations of vaccines and therapeutic biologics for infectious diseases and cancer, today announced that its board of directors (the “Board”) has received a preliminary non-binding proposal letter (the “Proposal Letter”), dated August 18, 2025, from Oceanpine Investment Fund II LP and Oceanpine Capital Inc. (collectively, “Oceanpine Capital”) to acquire all of the outstanding ordinary shares, par value US$0.0002 per share, of the Company (the “Ordinary Shares”) that are not currently owned by Oceanpine Capital in an all-cash transaction for US$0.86 per Ordinary Share (the “Proposed Transaction”). A copy of the Proposal Letter is attached hereto as Exhibit A.

The proposed purchase price represents a premium of 10.3% to the Company’s last closing price on August 15, 2025, the last trading day prior to the date of the Proposal Letter, and a premium of 11.4% to the average closing price of the Ordinary Shares during the last 15 trading days prior to the date of the Proposal Letter. According to the Proposal Letter, Oceanpine Capital intends to fund the Proposed Transaction with rollover equity and available cash on hand, and the Proposed Transaction will not be subject to a financing condition. Oceanpine Capital has engaged White & Case LLP as its international legal advisor for the Proposed Transaction.

The Board has just received the Proposal Letter and will carefully review and evaluate the proposal to determine the course of action that it believes is in the best interests of the Company and its shareholders.

The Company cautions its shareholders and others considering trading in its securities that the Board has just received the Proposal Letter and has not made any decisions with respect to the Company’s response to the proposal. There can be no assurance that any definitive offer will be made, that any agreement will be executed, or that the Proposed Transaction or any other transaction will be approved or consummated. The Company does not undertake any obligation to provide any updates with respect to this or any other transaction, except as required under applicable law.

About LakeShore Biopharma

LakeShore Biopharma, previously known as YS Biopharma, is a global biopharmaceutical company dedicated to discovering, developing, manufacturing, and delivering new generations of vaccines and therapeutic biologics for infectious diseases and cancer. It has developed a proprietary PIKA® immunomodulating technology platform and a new generation of preventive and therapeutic biologics targeting Rabies, Hepatitis B, Influenza, and other virus infections. The Company operates in China, Singapore, and the Philippines, and is led by a management team that combines rich local expertise and global experience in the biopharmaceutical industry. For more information, please visit please visit https://investors.lakeshorebio.com/.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical or current fact included in this press release are forward-looking statements, including but not limited to statements regarding the Board’s evaluation of the Proposal Letter and the Proposed Transaction. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “potential,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “goal,” “seek,” “target” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These statements are based on various assumptions, whether identified in this press release, and on the current expectations of LakeShore Biopharma’s management and are not predictions of actual performance.

LakeShore Biopharma cannot assure you the forward-looking statements in this press release will be accurate. These forward-looking statements are subject to a number of risks and uncertainties, including those included under the heading “Risk Factors” in the Company’s Annual Report on Form 20-F filed with the Securities and Exchange Commission, or SEC, and other risks described in documents subsequently filed by the Company from time to time with the SEC. There may be additional risks that LakeShore Biopharma does not presently know or that LakeShore Biopharma currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In light of the significant uncertainties in these forward-looking statements, nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. The forward-looking statements in this press release represent the views of LakeShore Biopharma as of the date of this press release. Subsequent events and developments may cause those views to change. However, while LakeShore Biopharma may update these forward-looking statements in the future, there is no current intention to do so, except to the extent required by applicable law. You should, therefore, not rely on these forward-looking statements as representing the views of LakeShore Biopharma as of any date subsequent to the date of this press release. Except as may be required by law, LakeShore Biopharma does not undertake any duty to update these forward-looking statements.

Exhibit A

Preliminary Non-Binding Proposal

August 18, 2025

The Board of Directors (the “Board“)
LakeShore Biopharma Co., Ltd
Building No. 2, 38 Yongda Road
Daxing Biomedical Industry Park
Daxing District, Beijing, 102629
People’s Republic of China

Dear members of the Board:

We, Oceanpine Investment Fund II LP and Oceanpine Capital Inc. ( collectively, “Oceanpine Capital”), are pleased to submit this preliminary non-binding proposal (the “Proposal”) to acquire all outstanding ordinary shares of a par value of US$0.0002 each (the “Ordinary Shares”) of LakeShore Biopharma Co., Ltd (the “Company”) that are not currently owned by us, in an all-cash transaction for US$0.86 per Ordinary Share (the “Proposed Transaction”).

Our Proposal represents a premium of 10.3% to the last closing price of the Ordinary Share on August 15, 2025, the last trading day prior to the date hereof, and a premium of 11.4% to the average closing price of the Ordinary Shares during the last 15 trading days prior to the date hereof. We believe that our Proposal represents an attractive opportunity for the Company’s shareholders to receive compelling value as compared with the current and recent trading prices of the Ordinary Shares.

We intend to fund the Proposed Transaction with rollover equity and available cash on hand. Accordingly, our Proposal would not be subject to any uncertainty or delay with respect to any debt financing, and the Proposed Transaction will not be subject to a financing condition.

We do not anticipate any substantive issues with respect to regulatory approvals, nor do we believe that any regulatory approval will impede or delay our ability to quickly and efficiently consummate the Proposed Transaction.

We have engaged White & Case LLP as our international legal advisor for the Proposed Transaction. We are confident that we can complete customary due diligence in a timely manner, in parallel with discussions on the definitive agreements.

We recognize that the Board will likely need to evaluate our Proposal independently before the Company can make any determinations. None of the Company’s directors who are affiliated with us will participate in the consideration of our Proposal by the Company.

While we are fully prepared to work collaboratively with the Board to pursue the Proposed Transaction in a timely manner, we are open to exploring potential alternative structures of the Proposed Transaction to expedite the process of delivering value to the Company’s shareholders.

Following completion of the Proposed Transaction, we currently intend for the Company’s business to continue operating in a manner that is generally consistent with its current operations.

This letter constitutes only a preliminary indication of our interest and does not constitute any binding commitment with respect to the transactions proposed in this letter or any other transaction. No agreement, arrangement or understanding between us and the Company relating to any transaction will be created until such time as definitive documentation has been executed and delivered by us and the Company and all other appropriate parties.

About Oceanpine Capital

Founded in 2018, Oceanpine Capital is a professional investment management firm dedicated to long-term value investing. With a mission to drive technological innovation, it focuses on cutting-edge sectors such as advanced technology, green technology and life sciences, with assets under management exceeding RMB25 billion (approximately USD3.5 billion). As the “Guardian of Entrepreneurship”, Oceanpine Capital brings together a seasoned team of accomplished entrepreneurs, renowned investors, seasoned investment bankers, and senior executives from leading corporations. Oceanpine Capital provides its portfolio companies with full-cycle support, ranging from strategic planning and resource integration to operational optimization and global expansion, empowering them to achieve leapfrog growth at critical stages.

Should you have any questions regarding this Proposal, please do not hesitate to contact us. We look forward to hearing from you.

Sincerely,

Oceanpine Investment Fund II LP

By:

/s/ Dave Liguang Chenn

Name:

Dave Liguang Chenn

Title:

Director

Oceanpine Capital Inc.

By:

/s/ Yang Jiayu

Name:

Yang Jiayu

Title:

Director

 

U Power Announces Strategic Partnership with SAIC-Hongyan and UNEX EV to Deploy Battery-Swapping Compatible Heavy Trucks in Thailand and Beyond

Addressing the Demand for Green and Sustainable Transportation Solutions in the Logistics Industry

SHANGHAI, Aug. 18, 2025 /PRNewswire/ — U Power Limited (Nasdaq: UCAR) (the “Company” or “U Power”), a provider of AI-powered solutions for next-generation energy grids and intelligent transportation systems, building on its proprietary UOTTATM electric vehicle (EV) battery-swapping technology, today announced that it has signed a Memorandum of Understanding (“MOU”) with SAIC HONGYAN Automotive Co., Ltd (“SAIC Hongyan”), a company focused on the development, manufacture, sales and services of heavy trucks, and UNEX EV B.V. (“UNEX EV”), a new energy and technology company, to cooperate on the deployment of battery-swapping compatible electric heavy trucks initially in Thailand and explore similar expansion opportunities in additional markets.

The three parties will collaborate to deploy 3,000 electric heavy-duty tractors for long-haul transportation and 1,200 electric heavy-duty port-specific short-distance trucks in Thailand. This initiative aims to promote the adoption of green and sustainable commercial heavy trucks in Thailand. In addition, all parties have agreed to explore the expansion of this partnership into additional markets, including the broader Southeast Asia, Latin America, Europe, Hong Kong SAR and Macau SAR.

Pursuant to the MOU, U Power will lead the development and manufacture of compatible battery-swapping stations as well as provide related operational services. UNEX EV will be responsible for the adaption of SAIC Hongyan heavy trucks into battery swapping-enabled vehicles, developing of compatible battery modules, as well as promoting the sales of the heavy trucks in the Thailand market. SAIC Hongyan will supply heavy truck prototypes and provide the necessary technical support to ensure full compatibility between these adapted truck models and U Power’s smart battery-swapping stations.

Together, the three parties aim to address a rising need for green and renewable logistic solutions in Thailand, with a focus on servicing major highway transportation enterprises and container port operators that require terminal tractors.

Pitak Pruittisarikorn, CEO of UNEX EV, commented, “We are excited to deepen our collaboration with U Power and SAIC Hongyan to bring cutting-edge, battery-swapping compatible heavy-duty EV solutions to Thailand’s commercial transportation sector. This strategic partnership reflects our shared commitment to accelerating the global shift toward zero-emission logistics. By combining our deep local market insight and a global ecosystem of clean mobility technologies, we aim to pave the way for a scalable and sustainable heavy truck electrification model, not just for Thailand, but also for emerging logistics hubs across Southeast Asia and beyond.”

“Partnering with U Power and UNEX EV allows SAIC Hongyan to bring our robust heavy truck platforms into a new era of electrification and intelligent mobility,” said Ms. Xiong, General Manager of Overseas Sales at SAIC Hongyan. “Through compatibility with battery-swapping technology, we aim to deliver operational flexibility and enhanced efficiency to fleet operators in Thailand’s long-haul and port logistics industries. We look forward to jointly creating a benchmark for green, intelligent heavy-duty transport that can be replicated across more regions globally.”

Johnny Lee, CEO and Chairman of U Power commented, “We are pleased to expand our strategic partnership and scope of collaboration with SAIC and UNEX EV, two of U Power’s key allies in the development and manufacturing of battery-swapping compatible vehicles. Together, we identified a growing demand for sustainable transportation solutions within Thailand’s logistic industry. We believe our combined expertise positions us well to capitalize on this opportunity, enhance our presence in the Thailand market and further drive growth as we continue to build a battery-swapping ecosystem here. In July, we launched Southeast Asia’s first operational smart battery-swapping station on Phuket Island, Thailand. Earlier, in April 2025, in collaboration with UNEX EV and SAIC CP-MG, we successfully delivered the first batch of swappable electric vehicles for taxi and ride-hailing services on the island. We look forward to extending our collaboration in more regional markets.”

About SAIC HONGYAN Automotive Co., Ltd

SAIC Hongyan is the only heavy truck enterprise under SAIC Group (SSE: 600104). SAIC Hongyan is headquartered in Chongqing City, China, with more than 5,000 employees and an annual output of 120,000 vehicles. SAIC Hongyan has 300+ first-class heavy truck dealers, 1,000+ service providers, and global supply chain procurement of parts and components. SAIC Hongyan’s heavy truck series products are exported to more than 40 countries and regions in the Middle East, Africa, Central America and Southeast Asia.

About UNEX EV B.V.

Founded in the Netherlands, UNEX EV is a global pioneer in electric mobility innovation, dedicated to revolutionizing how industries move, specializing in designing and deploying a comprehensive ecosystem of battery-swapping electric vehicles—including passenger cars, commercial vehicles, two-wheelers, drones, and barges—paired with cutting-edge energy infrastructure and AI-driven fleet management systems. With regional hubs in Portugal, Peru, Mexico, Thailand, and China, UNEX EV’s solutions are transforming mobility challenges into opportunities.

About U Power Limited

U Power is a provider of comprehensive AI-integrated energy solutions that connect electric vehicles (EVs) with advanced energy infrastructure, optimizing both mobility and grid performance. Originally a distributor of various battery-swapping station models built on its proprietary modular battery-swapping technology UOTTA™, U Power has evolved into a provider of AI-integrated solutions for energy grids and transportation systems.

Through investments in next-generation technologies, U Power is building intelligent ecosystems that integrate resilient AI driven solutions able to transform EVs into dynamic energy assets. By incorporating AI algorithms, U Power’s comprehensive solutions for smart energy grids are designed to support autonomous EV driving, optimize energy replenishment efficiency, and seamlessly connect EV assets with advanced AI-powered transportation systems, enabling peak and off-peak energy load balancing.

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

Safe Harbor Statements

This press release contains “forward-looking statements”. Forward-looking statements reflect our current view about future events. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “could,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “propose,” “potential,” “continue” or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results, and encourages investors to review other factors that may affect its future results in the Company’s registration statements and other filings with the U.S. Securities and Exchange Commission. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. References and links (including QR codes) to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release.

Contact 
U Power Limited 
Investor Relations Department
ir@upincar.com

The Equity Group
Lena Cati, Senior Vice President
212-836-9611 / lcati@theequitygroup.com 

Alice Zhang, Associate
212-836-9610 / azhang@theequitygroup.com  

NAVEE ST3 Pro Electric Scooter Wins Prestigious 2025 Innovation Award for Best Electric Scooter

SHENZHEN, China, Aug. 18, 2025 /PRNewswire/ — NAVEE’s flagship ST3 Pro electric scooter was named “Best Electric Scooter” at the Active Lifestyle Innovation Awards 2025 in early August, a respected international honor celebrating breakthrough consumer technology. The award is organized by Future, the global media group behind top tech publications such as Tom’s Guide, TechRadar, and Android Central.

The ST3 Pro, first released at CES 2025, is engineered for smooth, efficient, and safe commuting. Its Advanced Damping Arm™ Suspension Technology features a dual-sided suspension system with four polymer damping arms, dramatically reducing road vibrations and providing the most comfortable riding experience over cobblestones, uneven pavements, and urban speed bumps.

Powered by a 600W rated motor (up to 1350W peak) and a 48V 12.75Ah battery, the scooter offers a maximum range of 46.6 miles (75 km) and a top speed of 25 mph (40 km/h). Its 28% climbing ability ensures confident performance on steep inclines, while the foldable design and intuitive controls make it ideal for daily use in busy city environments. Additional safety features include front drum and rear disc brakes with EABS, high-visibility lighting, and a durable frame built to withstand varied road conditions.

NAVEE ST3 Pro Electric Scooter
NAVEE ST3 Pro Electric Scooter

This blend of performance, comfort, and safety impressed the Innovation Awards judges, who evaluate entries on design, performance, sustainability, and user experience. Winning this award highlights NAVEE’s commitment to delivering high-quality, cutting-edge urban mobility solutions, and further establishes the ST3 Pro as a top choice for riders seeking premium performance and reliability.

The ST3 Pro is available through NAVEE’s official sales channels, including the Official Store and Amazon Store. It is also sold in 17 independent physical stores across cities such as New York, California, and New Jersey, as well as at major retailers like Best Buy, Target, and Walmart.

Beyond electric scooters, NAVEE is an emerging brand reshaping short-distance transportation. Known for blending innovation with lifestyle design, NAVEE is also exploring specialized mobility products. The company just debuted the Birdie 3 Series golf push cart — a 4+1-wheel configuration model equipped with 11-inch all-terrain rear wheels, tailored for stability and ease of maneuverability on golf courses.

About NAVEE

NAVEE is a leading brand in the electric mobility sector, offering a wide range of products that combine cutting-edge technology, high-quality design, and sustainability. For more information, please visit https://naveetech.us/

Dingdong to Report Second Quarter 2025 Financial Results on August 21, 2025

SHANGHAI, Aug. 18, 2025 /PRNewswire/ — Dingdong (Cayman) Limited (“Dingdong” or the “Company”) (NYSE: DDL), a leading fresh grocery e-commerce company in China, with advanced supply chain capabilities, today announced that it will report its unaudited financial results for the second quarter ended June 30, 2025, before U.S. markets open on August 21, 2025.

The Company will hold an earnings conference call at 8:00 A.M. Eastern Time on Thursday, August 21, 2025 (8:00 P.M. Beijing Time on the same day) to discuss its financial results. Management’s prepared remarks and the question-and-answer session will be conducted in English and Mandarin. Dial-in details for the earnings conference call are as follows:

International:

1-412-317-6061

United States Toll Free:

1-888-317-6003

Mainland China Toll Free:

+86-4001-206115

Hong Kong Toll Free:

800-963976

Conference ID:

0358096

The replay will be accessible through August 28, 2025 by dialing the following numbers:

International:

1-412-317-0088

United States:

1-877-344-7529

Access Code:

5040747

A live and archived webcast of the conference call will also be available at the Company’s investor relations website at https://ir.100.me.

About Dingdong (Cayman) Limited

Dingdong is the leading fresh grocery e-commerce company in mainland China, with sustainable long-term growth. The Company directly provides users and households with fresh groceries, prepared food, and other food products through delivering a convenient and excellent shopping experience supported by an extensive self-operated frontline fulfillment grid. Leveraging its deep insights into consumers’ evolving needs and its strong food innovation capabilities, Dingdong has successfully launched a series of private label products spanning a variety of food categories. Many of Dingdong’s private label products are produced at its own production plants, allowing it to more efficiently produce and offer safe and high-quality food products. Dingdong aims to be the first choice for fresh and food shopping.

For more information, please visit: https://ir.100.me.

 

XtalPi Holdings Limited to Announce 2025 Interim Results on August 27, 2025

CAMBRIDGE, Mass., Aug. 18, 2025 /PRNewswire/ — XtalPi Holdings Limited (“XtalPi”, or the “Company”) (HKEX: 2228), a leading global technology company in integrating artificial intelligence (AI) and robotics for drug and materials discovery, announced that it will report its interim results for the six months ended June 30, 2025 on Wednesday, August 27, 2025, after the Hong Kong market closes.

The Company will hold a conference call in Chinese with English simultaneous interpretation at 7:00 PM Hong Kong/Beijing Time on August 27, 2025 (7:00 AM U.S. Eastern Time on the same day). Details for the conference call are as follows:

For Chinese original audio channel:

Online Registration Link: https://s.comein.cn/five6xyc

Alternatively, participants may access the conference call by dialing the following numbers:

Mainland China:

+86-4001510269

International:

+86-1021377168

Hong Kong, China:

+852-51089680

Taiwan, China:

+886-277083288

United States:

+1-2087016888

Password:

197788

The replay of the conference call will be available on the Company’s investor relations website at https://ir.xtalpi.com/en/investor-relations.

For English simultaneous interpretation channel:

Online Registration Link: https://s.comein.cn/s288yddg

About XtalPi

XtalPi Holdings Limited (XtalPi, 2228.HK) was founded in 2015 by three physicists from the Massachusetts Institute of Technology (MIT). It is an innovative R&D platform powered by quantum physics, artificial intelligence, and robotics. By integrating first-principles calculations, AI algorithms, high-performance cloud computing, and standardized automation systems, XtalPi provides digital and intelligent R&D solutions for companies in the pharmaceutical, materials science, agricultural technology, energy, new chemicals, and cosmetics industries.

Investor Relations Contact:

In China:

XtalPi Holdings Limited
Investor Relations
Email: ir@xtalpi.com

Piacente Financial Communications
Tel: +86-10-6508-0677
Email: XtalPi@thepiacentegroup.com

In the United States:

Piacente Financial Communications
Brandi Piacente
Tel: +1-212-481-2050
Email: XtalPi@thepiacentegroup.com

AI Agent Drives New Growth︱SY Holdings Reports 2025 Interim Results: Net Profit Up 23%; E-commerce Business Volume Surges Eightfold

SHENZHEN, CHINA – EQS Newswire – 18 August 2025 – SY Holdings Group Limited (“SY Holdings” or the “Company”; Stock Code: 6069.HK), a digital intelligence technology company specialising in “AI + industrial supply chain” solutions, announced its interim results for the six months ended 30 June 2025.

According to the announcement, SY Holdings has been deeply implementing its “AI+” strategy, continuously advancing the commercialisation of AI Agent applications to support the growth of SMEs. As of 30 June 2025, the Company recorded a net profit of over RMB 2.03 billion, marking a year-on-year increase of 23%.

Leveraging AI Agent and other advanced technologies, based on comprehensive integration of industry ecosystems and data, SY Holdings fully exploits the benefits of its distinctive risk control model characterised by a “transaction-focused, asset-light” approach. The Company helps SMEs in the supply chain to “secure orders and access funding,” while offering efficient, cost-effective, and high-quality financing facilitation services.

For the six months ended 30 June 2025, the Company reported revenue and income from core business activities of approximately RMB 0.4 billion. The platform facilitated cumulative funding turnover of more than RMB 278.0 billion, a rise of over 29% compared to the same period last year, and served more than 19,100 customers in total, an increase of over 14% year-on-year. SMEs customers accounted for over 97% of the total customer base, with first-time borrowers making up more than 30%. The Company’s platform has helped customers reduce financing costs by at least 30%.

SY Holdings continued to develop its platform-based strategy, with its self-developed AI Agent—”SY Cloud Platform”—as the central hub to establish an efficient and intelligent matching mechanism between the industry and funding partners, supporting the rapid growth of its “asset-light” operating model.

As of 30 June 2025, the platform had established strategic partnerships with over 10 Fortune Global 500 companies and developed relationships with more than 180 funding partners, representing an increase of 31% year-on-year, positioning itself as a key partner for financial institutions in promoting inclusive finance. Based on this foundation, platform-based facilitation business accounted for approximately 88% of the total business volume, up 28 percentage points from the same period last year.

Platform technology service revenue reached approximately RMB 0.21 billion, showing a year-on-year increase of 37% and constituting 52% of total revenue—outpacing its growth target six months early and poised to significantly boost future earnings.

2025 is seen as the inaugural year for widespread commercial use of AI Agents. SY Cloud Platform has thoroughly integrated with popular open-source large language models like DeepSeek, Qwen, and Doubao, leading the way in offering diverse value-add services to its ecosystem partners.

For example, in the infrastructure sector, the platform can automatically gather tender and procurement information through multiple channels, perform data cleaning and data organization, and convert it into a standard format that is easy to analyse, covering key details such as project type, scale, budget, and technical requirements. By leveraging information on suppliers’ business scope, production capacity, qualification level, and historical bidding records, the platform delivers highly relevant tender opportunities directly to suitable suppliers.

Furthermore, the platform offers suppliers assistance with bidding document preparation, analysis of the competitive landscape, and pricing strategy advice, enabling them to enhance both bidding efficiency and success rates. By 30 June 2025, SY Holdings reported its initial revenue from AI-driven order acquisition, with income from AI “order-matching” services surpassing RMB 400,000.

In an era of rapid advances in AI technology, SY Holdings has continued to increase its investment in research and development. As of 30 June 2025, the Company’s cumulative R&D investment was close to RMB 270 million, with R&D personnel accounting for approximately 30% of the total staff. The Company holds 88 national invention patents and computer software copyrights, covering multiple fields including AI, big data, and cloud computing.

Building on this foundation, SY Holdings has developed and deployed a range of innovative applications, such as intelligent document sorting, intelligent contract review, and AI-powered customer service, collaborating closely with ecosystem partners to achieve cost reduction and efficiency improvements. During the reporting period, the average asset service volume per capital increased by approximately 27%, while our customers’ sales volume grew by over 60% year-on-year.

Demonstrating strong confidence in its long-term value and high regard for its future growth prospects, SY Holdings has announced a special dividend of RMB 600 million for 2025 and committed to maintaining a dividend payout ratio of no less than 90% for the financial years 2025 and 2026, thus continuing to share the company’s growth outcomes with its shareholders. Based on this pledge, the total dividend payout for 2025 will be approximately RMB 950 million. As of the closing price on the date of this results announcement, the dividend yield is estimated at around 8%.

SY Holdings has received unanimous backing from prominent institutions—including CICC; Tianfeng Securities, CSC(China Securities); SDIC Securities; Soochow Securities; Sinolink Securities; GF Securities; Guolian Securities; Phillip Securities; and Zheshang Securities—each assigning the Company a ‘Buy’ or ‘Outperform’ rating, with the highest target price of HK$21.65.

Expanding into New Sectors, Building New Growth Engines

While deepening its presence in key national industries such as infrastructure, healthcare, pharmaceuticals, and commodities, SY Holdings is also actively expanding into strategic emerging sectors including e-commerce and robotics. These emerging sectors together represent a potential market size of more than RMB 70 trillion and a customer base of over 26,000 thousand enterprises.

In the e-commerce sector, SY Holdings has expanded its coverage to six leading platforms, including Douyin, SHEIN, Shopee, Kuaishou, WeChat Channels, Poizon. As of 30 June 2025, the company’s cumulative e-commerce financing facilitation volume surpassed RMB 2.8 billion, reflecting an almost eightfold increase year-on-year.

Recently, SY Holdings completed system integration with a leading global fashion e-commerce platform and successfully embedded end-to-end online services within the platform. Through this integration, e-commerce merchants can utilise their “shipped but pending settlement orders” to create a virtuous cycle of “sales – early payment collection – repurchase – further sales,” thereby further expanding the growth potential of SY Holdings’ e-commerce sector business.

In the robotics sector, SY Holdings has formed a strategic partnership with Standard Robots (Wuxi) Co., Ltd., a global leader in industrial intelligent robotics, through investment, successfully launching its first innovative supply chain services transaction in the robotics industry. This collaboration has laid the groundwork for SY Holdings to expand into a new business segment, while the Company actively explores partnership models with enterprises engaged in industrial, service, and specialised robotics to accelerate its presence in China’s robotics market, which is valued at over RMB 190 billion.

In terms of strategic investment, SY Holdings has brought in XtalPi Inc. (Stock Code: 2228.HK)—known as the “first AI-for-Science stock”—and Be Friends Holding Ltd. (Stock Code: 1450.HK), a leading cross-platform live-streaming e-commerce company, as strategic investors. This move aims to bolster the company’s AI R&D capabilities, develop vertical-industry AI Agents, and rapidly penetrate the live-streaming e-commerce space.

In terms of computing power reserves, SY Holdings has secured support from the Wuxi Economic Development Zone and officially connected to the Xuelang Computing Center, NVIDIA AI Computing Center, and Sugon Advanced Computing Center, all operated by Wuxi Digital Whale Technology Co., Ltd. (“Digital Whale”). Digital Whale currently has more than 60 H800 servers in reserve, providing intelligent computing capacity exceeding 1,000P.

Leveraging these resources, SY Holdings will enable ecosystem partners to access sufficient intelligent computing capacity to meet advanced computing requirements across multiple scenarios, including model training and application deployment. The Company will continue to focus on the R&D and application of AI Agents, with operational efficiency expected to improve further in 2025. Average service volume per capita is projected to expand significantly, providing strong support for the Group’s profit growth.

Embracing Web 3.0 to Accelerate Expansion of International Operations

Currently, the international order is experiencing significant and complex changes, with the ongoing restructuring of global supply chains. Issues such as notable exchange rate volatility, low payment efficiency, and difficult market access have become key obstacles limiting the globalization of SMEs.

Recently, SY Holdings set up its international headquarters in Singapore to further grow its presence in overseas markets and to explore innovative uses for Web 3.0 and stablecoins.

In international business development, SY Holdings has established a strategic partnership with Xinbada (Guangzhou) Technology Co., Ltd., a leading supplier to SHEIN, through investment. The company will support the development of flexible, intelligent factories in overseas markets such as Turkey, Southeast Asia, and Morocco. Additionally, it will utilise the supplier’s role within the industrial ecosystem serving cross-border e-commerce platforms including SHEIN, Temu, Cider, and PatPat to speed up the global growth of China’s apparel manufacturing hubs and cross-border e-commerce platforms.

Furthermore, SY Holdings has been continuously expanding its business layout in Southeast Asia and has completed its first international financing transaction. Using its international market resources and platform connectivity, the Company will also support key pharmaceutical enterprises in processing and fulfilling export orders for herbal products.

It is worth noting that stablecoins, as an emerging payment and settlement instrument pegged to fiat currencies, leverage blockchain’s peer-to-peer transfer capabilities to enable instant “payment-equals-settlement” clearing, while reducing transaction costs to as low as 0.1%. SY Holdings plans to explore innovative applications of stablecoins in facilitating international supply chain finance services, aiming to improve capital turnover, lower cross-border payment costs, and reduce foreign exchange volatility risks. In doing so, the Company seeks to provide an optimal customer experience characterised by speed, efficiency, quality, and cost-effectiveness, and to act as a bridge for SMEs in the Asia-Pacific region as they expand globally.

Looking ahead, as AI and Web 3.0 become increasingly integrated, the technological foundations of the digital world are undergoing a profound transformation. SY Holdings will continue to leverage technology to connect industries and ecosystems, working together with SMEs to reshape global supply chains.

Hashtag: #SYHoldings

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