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Pinglu Canal, project of century, completed and opened to navigation

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NANNING, CHINA – Media OutReach Newswire – 18 September 2026 – On September 16, the navigation launch ceremony for the Pinglu Canal was held in Qinzhou, Guangxi.

Pinglu Canal, project of century, completed and opened to navigation

At 10:25 a.m. that day at the Madao Hub, the inaugural vessel let out a resonant whistle that echoed through the air and the enthusiastic applause of the crowd witnessing this historic moment. The Pinglu Canal, the century dragon connecting rivers to the sea, officially opened to navigation. At Qinzhou Port, where the horizon blends seamlessly with the vast expanse of sea and sky, the Madao Hub stands as a towering symbol of ambition and progress. Its giant 39.08-meter-tall inverted V-shaped lock gates, like a steel giant spreading its arms wide, open the gateway to an era of maritime strength and prosperity.

The Pinglu Canal begins at the Pingtang River Estuary in Hengzhou, Nanning, Guangxi. It passes through Luwu Town in Lingshan County, Qinzhou, and flows into the Beibu Gulf via the Qinjiang River. Spanning a total length of 134.2 kilometers, it is built to meet Grade I inland waterway standards, accommodating vessels of up to 5,000 tons.

Since its construction began on August 28, 2022, hundreds of participating units and tens of thousands of builders have worked tirelessly day and night to create a project that meets high standards and high quality, with a focus on excellence, sustainability, and integrity. The project encompasses the construction of the Madao, Qishi, and Qingnian cascaded hubs, along with navigation channels and supporting facilities. The Pinglu Canal has set four world records, namely the highest navigation capacity among similar canals worldwide, the fastest lock operation speed for ship locks of its kind, the highest water head of a water-saving ship lock globally, and the largest scale of water-saving ship locks on inland rivers worldwide.

On the day of its launch, the “Nanning-Can Tho (Vietnam)” international trade route and the “Nanning-Yangpu (Hainan)” domestic trade route were officially opened in both directions. Fourteen cargo ships, fully loaded with sugar, building materials, minerals, steel, and other goods, successfully passed through the locks and embarked on their inaugural voyages. Meanwhile, sixteen ships carrying coal, iron ore, bauxite, fertilizers, high-calcium limestone, and other goods entered the Xijiang River Basin in an organized manner. The three major hubs, i.e., Madao, Qishi, and Qingnian, worked seamlessly in coordination, ensuring that ship lock scheduling was standardized, orderly, safe, and efficient.

Simultaneously, four water passenger transport routes were launched, namely the Xinfu Water Comprehensive Service Area to Madao Hub Loop Line, the Xinfu Water Comprehensive Service Area to Pingtang River Estuary Loop Line, the Qinzhou Water Comprehensive Service Area to Qingnian Hub Loop Line, and the Qinzhou Water Comprehensive Service Area to Longmen Bridge Loop Line.

The Pinglu Canal connects to the Xijiang River system in the north and extends to the Beibu Gulf in the south, establishing a second maritime route to the sea for the Pearl River-Xijiang River system. This new waterway provides southwestern China with a direct link to the Beibu Gulf, complementing the existing eastward sea route and shortening the journey to the sea by more than 560 kilometers. It is expected to save over 5 billion yuan in annual freight costs for the regions along the route.

At the inauguration ceremony, experts highlighted the profound historical significance of the event. Over 2,000 years ago, the Lingqu Canal was constructed in Guangxi, linking the Yangtze River and Pearl River water systems. Today, a new canal has been completed in the same region, providing direct access to the rivers and seas. The completion and opening of the Pinglu Canal will not only reshape Guangxi’s development landscape but also play a pivotal role in advancing the openness and growth of southwestern and south-central China, as well as the entire nation. Furthermore, it will inject fresh momentum into China-ASEAN transportation, logistics, and economic and trade cooperation.

Hashtag: #PingluCanal

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

Flexible Workspace Leader Industrious to Open New Flagship at 1 Elizabeth Street, Its Most Premium Sydney Workspace

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SYDNEY, AUSTRALIA – Media OutReach Newswire – 18 September 2026 – Industrious, the global flexible workplace company, will open its new Australian flagship at 1 Elizabeth Street in Sydney on 1 October, marking its third location in the city and the next stage of its growth across Asia Pacific.

1 Elizabeth Street in Sydney, home to Industrious' new Australian flagship, opening on 1 October 2026.
1 Elizabeth Street in Sydney, home to Industrious’ new Australian flagship, opening on 1 October 2026.

Following CBRE’s acquisition of Industrious in 2025 and The Great Room’s rebrand to Industrious on 1 July, the company now operates more than 250 locations across 80 cities globally, with a growing presence across Sydney, Singapore, Hong Kong, and Bangkok.

Member's Lounge at Industrious 1 Elizabeth Street.
Member’s Lounge at Industrious 1 Elizabeth Street.

The new 2,500-square-metre workspace spans Levels 35 and 36 of 1 Elizabeth Street, with expansive views across Sydney Harbour and the city skyline. Positioned directly above Martin Place Metro Station, it gives businesses a highly connected base in the heart of Sydney’s CBD, combining premium workplace design with Industrious’ hospitality-led approach.

The flagship includes customisable private offices and suites designed for businesses of different sizes, from smaller private offices through to customisable enterprise suites, alongside meeting and collaboration spaces, executive lounges, and quieter areas for focused work.

State Room at Industrious 1 Elizabeth Street.
State Room at Industrious 1 Elizabeth Street.

The space draws directly from the geological heritage of Sydney, featuring carved, eroded characteristics of harbour sandstone. Responding to 1 Elizabeth Street’s exposed beams, visible services, and expansive glazing, the design pairs a refined industrial canvas with an authentic local palette. High ceilings and a dual-floor layout create an impressive sense of space, while sweeping harbour views ground the space with a clear connection to Sydney’s quintessential identity. Designed to shape how teams work, meet, and collaborate, a vibrant reception and bar area crafted with travertine and harbour-inspired metalwork, and breakout spaces with fluted glazing provide intuitive transitions between active hosting and quiet focus. By balancing high-touch detail with 1 Elizabeth’s 6 Star Green Star design credentials, the workspace delivers an environment that feels distinctly Sydney, and meticulously built to enhance productivity and pride of place for enterprise teams.

Derek Hung, General Manager, Australia, says, “Companies are being much more deliberate about where they put their teams. They still want flexibility, but they also want great buildings, strong locations and workplaces their people actually want to come into. Our existing Sydney locations have been performing strongly, and 1 Elizabeth Street gives us the opportunity to build on that in one of the best-connected buildings in the city. It works equally well for growing Australian businesses and international companies establishing a presence here. Through the broader Industrious network, those companies can also operate across our global markets, with a consistent workplace experience rather than having to reinvent their strategy in every market.”

Businesses and individuals can arrange private preview tours and register pre-leasing interest at: https://www.industriousoffice.com/locations/1-elizabeth-street-level-35-sydney
Hashtag: #Industrious

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

About Industrious

Industrious is the world’s leading workplace experience company. We make workplaces welcoming, empowering, and delightful, and create enriching experiences for individuals and teams of all sizes. Our flexible offerings include dedicated offices, turnkey private suites, and on demand access to coworking and meeting spaces. Acquired by CBRE Group, Inc. (NYSE: CBRE) in 2025 and founded in 2012, Industrious now operates more than 250 locations across 80+ cities globally, including many of the world’s most iconic properties. For more information, visit .

De Beers Group and Chow Tai Fook Jointly Launch Desert Rose Collection at JGW

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HONG KONG SAR – Media OutReach Newswire – 18 September 2026 – De Beers Group presents the Desert Rose collection in partnership with Chow Tai Fook—the strategic partner of its Desert diamonds campaign in China — at Jewellery & Gem WORLD Hong Kong (JGW), marking the latest milestone in the two companies’ well-established collaboration.

Desert Rose collection
Desert Rose collection

Drawing inspiration from desert rose formations and the resilience of succulent plants thriving in arid landscapes, the collection translates the beauty and vitality of desert life into contemporary jewellery design. Comprising 20 pieces, the Desert Rose collection is now available at selected Chow Tai Fook stores across 25 cities in China.

Al Cook, CEO of De Beers Group, commented: “Chow Tai Fook has been a key partner since becoming a De Beers Group Sightholder in 1973. With this new Desert Rose collection, we are delighted to continue working closely together to grow consumer desire in China. Chow Tai Fook and De Beers are both passionate about consumer trust. We are committed to protect and promote the enduring value of natural diamonds.“

Annie Wong, Chief Operating Officer of Chow Tai Fook Jewellery Group, added: “The Desert Rose collection celebrates the resilience and individuality of today’s women, with designs inspired by the beauty and vitality of desert life. Through our joint effortswith De Beers Group, we are confident in bringing the distinctive character of Desert diamonds to more consumers and inspiring a deeper appreciation of their lasting value.”

Over the past few years, De Beers Group and Chow Tai Fook have worked closely on natural diamond campaigns, staff training, and in-store activations across China. Looking ahead, the two parties will build on their established ties with a new initiative focused on strengthening consumer confidence in the long-term value of natural diamonds. This initiative also aligns with the Chinese government’s advocacy for consumption upgrading, reinforcing the positive role of natural diamonds in the country’s broader economic and lifestyle evolution.

Beyond the Desert Rose collection, De Beers Group’s immersive JGW exhibition space showcases Desert diamond loose stones and jewellery against bamboo-weave showcases created by artist Xu Mingyu. Recognised as a Chinese intangible cultural heritage, the bamboo installation draws inspiration from desert dunes and diamond facets, embodying the Building Forever commitment by bridging traditional craftsmanship with natural diamonds. The space also features Tracr, diamond verification technologies, and rhino conservation initiatives.

Together, these initiatives reaffirm the significance of natural diamonds in contemporary life and culture—and stand as a powerful testament to the deep-rooted ties between De Beers Group and Chow Tai Fook. United by a shared vision, the two companies continue to champion the heritage, artistry, and timeless value of natural diamonds, carrying forward a message that resonates across generations: A Diamond Is Forever.

Please follow the official accounts to find more information regarding natural diamonds.

De Beers Group WeChat

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 ADiamondisForever on RED

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Hashtag: #Naturaldiamonds #Diamonds #Desertdiamonds #DeBeersGroup #ADiamondisForever

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

About De Beers Group

Established in 1888, De Beers Group is the world’s leading diamond company with expertise in the exploration, mining, marketing and retailing of diamonds. Together with its joint venture partners, De Beers Group employs more than 20,000 people across the diamond pipeline and is the world’s largest diamond producer by value, with diamond mining operations in Botswana, Canada, Namibia and South Africa. Innovation sits at the heart of De Beers Group’s strategy as it develops a portfolio of offers that span the diamond value chain, including its jewellery houses, De Beers London and Forevermark, and other pioneering solutions such as diamond sourcing and traceability initiatives Tracr and GemFair. De Beers Group also provides leading services and technology to the diamond industry in the form of education and laboratory services and a wide range of diamond sorting, detection and classification technology services. De Beers Group is committed to ‘,’ a holistic and integrated approach to sustainability that underpins our efforts to create meaningful impact for the people and places where our diamonds are discovered. Building Forever focuses on three key areas where, through collaborations and partnerships around the globe, we have an enhanced ability to drive positive impact; Livelihoods, Climate and Nature. De Beers Group is a member of the Anglo American plc group. For further information, visit .

Crypto Options Approach Half of Bitcoin Derivatives Market as Bybit Captures 28% of Tracked Volume, Glassnode Report Finds

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New Glassnode x Bybit research highlights structural shift toward options, with Bybit leading tracked Ether options for 143 consecutive days and tokenized gold perpetuals for 476 days

DUBAI, UAE, Sept. 18, 2026 /PRNewswire/ — Crypto derivatives markets are becoming more sophisticated as options take on a larger role in how traders manage and price risk, according to a new report from digital assets data provider Glassnode, produced in partnership with Bybit.

The State of Crypto Derivatives identifies a structural shift in the crypto-native Bitcoin derivatives market, with options increasing their share of notional open interest from roughly 25% to nearly 50% over the period studied. At the same time, dated futures have increasingly given way to perpetuals, reshaping how market participants gain and manage exposure.

The report draws on Glassnode’s venue-resolved derivatives and market data across the crypto-native market, individual venues and Bybit’s own derivatives book.

“Ether makes up about a third of Bybit’s Options Volume over the past 90 days, the highest Ether share of the four venues in the panel. The Ether options market has found a second venue of size,” said Frederik Theissen, Head of Research at Glassnode.

Options become a core part of crypto derivatives

Options have gained market share across four of the five market regimes examined since 2019, with their fastest growth occurring during the prolonged bear market.

The trend is significant because it suggests the growth of options is not simply a product of rising prices or speculative activity. Instead, market participants increasingly appear to be using options to manage downside, express views on volatility, and price specific market events.

Meanwhile, dated futures have increasingly given way to perpetual contracts, reinforcing the broader evolution of crypto derivatives toward instruments that offer more flexible and continuous exposure.

“Dated futures have all but left the crypto-native market: their volume sits about 97% below where it was in 2021. Leverage moved into perpetuals and risk pricing moved into options, whose volume runs more than three times higher than it did then,” added Frederik.

Bybit’s Bitcoin options share nearly triples

As the options market has expanded, Bybit has significantly increased its share of trading activity.

Crypto Options Approach Half of Bitcoin Derivatives Market as Bybit Captures 28% of Tracked Volume, Glassnode Report Finds
Crypto Options Approach Half of Bitcoin Derivatives Market as Bybit Captures 28% of Tracked Volume, Glassnode Report Finds

Glassnode’s data shows that Bybit’s share of the four-venue Bitcoin options volume pool rose from less than 10% to 28%, nearly tripling over the reporting period.

The growth has been driven by active turnover rather than simply the accumulation of open positions. Bybit’s options book turns over in days, compared with weeks for the largest book in the tracked panel.

This distinction highlights an important feature of a mature derivatives market: liquidity is not only about the amount of open interest held on a venue, but also how actively that liquidity is traded and recycled.

Bybit leads Ether options and tokenized gold

Bybit’s options activity extends beyond Bitcoin. The report finds that Bybit recorded the highest Ether options trading volume among the four tracked venues for 143 consecutive days. Glassnode confirmed the leadership using coin-denominated volumes as well as dollar values, reducing the impact of Ether price movements on the comparison.

Crypto Options Approach Half of Bitcoin Derivatives Market as Bybit Captures 28% of Tracked Volume, Glassnode Report Finds
Crypto Options Approach Half of Bitcoin Derivatives Market as Bybit Captures 28% of Tracked Volume, Glassnode Report Finds

Ether now accounts for approximately one-third of Bybit’s total options volume.

Bybit has also established a leading position in tokenized commodity derivatives. Measured in ounces, its tokenized-gold perpetual book has remained the largest among the crypto venues tracked by Glassnode for 476 consecutive days.

Crypto Options Approach Half of Bitcoin Derivatives Market as Bybit Captures 28% of Tracked Volume, Glassnode Report Finds
Crypto Options Approach Half of Bitcoin Derivatives Market as Bybit Captures 28% of Tracked Volume, Glassnode Report Finds

In gold options, Bybit accounted for 97.1% of open interest across the tracked venues.

Together, the figures point to a derivatives platform with growing depth across crypto-native assets and tokenized commodities, as traders increasingly use a broader range of instruments to manage risk and express market views.

Bybit’s options book grows more than fourfold

Bybit’s own options market has expanded substantially alongside the wider market.

According to the report, Bybit’s options book reached $2.33 billion, up from $529 million during its first month.

The growth has not been linear. Options initially represented a smaller share of Bybit’s derivatives activity during the rapid expansion of perpetual contracts, before rebuilding as demand for more sophisticated risk-management instruments increased.

The resulting U-shaped pattern broadly mirrors the wider market’s rotation back toward options.

“The derivatives market is becoming more sophisticated. Traders are increasingly using options not simply to take directional positions, but to express views on volatility, manage downside, and price specific events,” said Sean Ballard, Head of Derivatives and Institutional Business at Bybit.  “The data shows this is becoming a structural part of the market, and Bybit is building the liquidity, breadth, and infrastructure needed for the next stage of growth.”

“Bybit is leading the way in market evolution by aligning options with where price discovery and volume really live. By introducing options on perpetual contracts, we are bringing an industry-first innovation to the market, and we believe this should be a game changer for the growth and development of market structure,” added Sean.

Building the next generation of derivatives markets

The findings highlight a broader evolution in crypto trading. As options become a larger part of the market, competitive differentiation will increasingly depend on liquidity, breadth of instruments, and the infrastructure required to serve both professional and individual traders.

Bybit’s growing options market reflects this convergence, with expanding activity across Bitcoin and Ether and established depth in tokenized-gold derivatives.

Methodology: The State of Crypto Derivatives is based on Glassnode’s venue-resolved derivatives and market data, current as of the settled close of August 23, 2026. Venue coverage varies by metric and reflects the venues tracked by Glassnode. The options analysis covers four crypto-native venues. The futures analysis covers the offshore venues tracked by Glassnode and excludes CME, and the tokenized-gold analysis covers the crypto venues tracked by Glassnode.

The full report is available here.

#Bybit  / #NewFinancialPlatform

About Bybit

Bybit is The New Financial Platform.

We believe every person should have access to every financial opportunity on earth. That’s why we’re building the first intelligent platform that connects anyone, anywhere to the world’s finance.

Trusted by more than 80 million users worldwide, Bybit brings together investing, trading, payments, and wealth-building in a single secure and intelligent ecosystem. Through the combination of AI-powered technology, deep global liquidity, robust security, and transparent operations, Bybit makes global finance more accessible, efficient, and empowering for everyone.

Built for everyone. Powered by intelligence. Open to the world.

Learn more at Bybit.com.

For more details about Bybit, please visit Bybit Press

For media inquiries, please contact: media@bybit.com

For updates, please follow: Bybit’s Communities and Social Media

Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

Relativity aiR now integrates with OpenAI through the Model Context Protocol

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This integration connects Relativity aiR directly to ChatGPT Enterprise and enables users to stand up workspaces, organize case data and manage legal operations

CHICAGO, Sept. 18, 2026 /PRNewswire/ — Relativity, a legal data intelligence company, today announced that it has deepened its work with OpenAI by integrating Relativity aiR, its extensible AI platform for legal work, with ChatGPT Enterprise. Through the Model Context Protocol (MCP), legal teams can now use natural language in ChatGPT Enterprise to stand up new matters, align workspaces to the structure of their data, and manage access and workflows in Relativity aiR.

“ChatGPT Enterprise has quickly become one of the most common places professionals go to manage their work, and legal teams are no exception,” said Chris Brown, President of Relativity. “In connecting Relativity aiR with ChatGPT Enterprise, legal professionals can take action within the tools they already use, while maintaining the security and permissions of their existing workflows and keeping Relativity’s substantive data analysis within the platform.”

This integration further extends the capabilities of Relativity aiR and its broader partner ecosystem. The integration bridges Relativity aiR to a tool many legal teams already leverage, letting administrators work seamlessly without switching between systems. The result is a conversational agentic execution layer on top of Relativity aiR, empowering teams with a faster way to run enterprise workflows without trading off security.

As AI capabilities evolve rapidly, Relativity’s MCP strategy is designed to keep pace: connecting its platform to the AI applications legal teams already use, so they can adopt new tools as they emerge while defensibility remains anchored in Relativity aiR.

Relativity began working with OpenAI in 2024, when ChatGPT Enterprise became a data source in Collect. This enabled legal teams to seamlessly collect activity logs and conversation content for easy review in a near-native format.

To learn more about activating the OpenAI connector in Relativity aiR, visit https://relativity.com/platform/mcp/ or chat with the Relativity team at RelFest Chicago taking place Sept. 29–Oct. 1.

About Relativity
Relativity is a leading legal data intelligence company that builds technology to help users organize data, discover the truth, and act on it. Its AI platform, Relativity aiR, transforms complex data into actionable insights at massive scale for litigation, investigations, regulatory inquiries, data breach responses, and other legal use cases. The world’s largest law firms and corporations, government agencies, and a robust network of channel partners rely on Relativity’s legal AI to securely surface and manage the most relevant and impactful information in their matters. The company also expands access to technology by providing its platform at no cost to academic institutions through its Relativity Academic program and to organizations supporting pro bono legal work through its Justice for Change initiative. 

CONTACT: PR@relativity.com 

WAN AICHEF ULTRA Earns 2026 IDEA Recognition, Rethinking AI Cooking for Everyday Life

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A Load and Go Cooking Experience Designed Around Real Household Use

LAS VEGAS, Sept. 18, 2026 /PRNewswire/ — A weeknight dinner might begin with salmon, chicken or a ready-to-cook meal picked up from Costco. With many conventional cooking appliances, the cook still chooses the mode, temperature and time, then returns to check doneness and make adjustments.

WAN AICHEF ULTRA was designed around a different experience: load the food, choose what you want to make, confirm the program, and go. This is what WAN AICHEF calls the “Load and Go” experience.

WAN AICHEF announced that WAN AICHEF ULTRA, its flagship AI cooking system, has been selected as a Professional Category Finalist in the 2026 International Design Excellence Awards (IDEA), presented by the Industrial Designers Society of America (IDSA). The product was developed for real households around a practical question: how much routine cooking judgment can the appliance take on while keeping the process visible and the user in control?

WAN AICHEF ULTRA shown in a home kitchen setting. Photo courtesy of WAN AICHEF.
WAN AICHEF ULTRA shown in a home kitchen setting. Photo courtesy of WAN AICHEF.

A Different Cooking Experience

A familiar cooking workflow asks the user to make a series of decisions and keep an eye on the food as it cooks. Ultra takes on more of that routine. For supported ingredients, AI vision can identify the food and recommend a program. Once the user confirms it, the system monitors conditions and adjusts power and timing as cooking progresses.

“We began by asking which decisions people repeat every night and which of those the appliance could responsibly take on,” said Stanley Huo, CEO of WAN AICHEF. “The change is not simply what the appliance can do, but what the user no longer has to do. Progress must remain clear, and control must remain with the cook.”

How Ultra Reads and Responds to Food

Ultra uses visual and thermal feedback instead of relying only on preset time and temperature. A 12-megapixel AI camera and Heimann infrared thermal imaging gather information, while NVIDIA Jetson Orin Nano provides on-device computing. The system combines these inputs to guide heat adjustments toward the selected result.

In testing of supported cooking tasks, the system achieved temperature-control precision of approximately ±3.2°F under specified conditions; results varied by food, cookware and program. Dry-burn protection, cookware detection, door-open auto-stop and a child lock provide safeguards for everyday operation. The screen keeps settings and progress visible, so the system can handle routine monitoring while keeping the user informed and in control.

Designed Around Real Household Use

WAN AICHEF has trained Ultra’s AI to recognize and cook a growing range of foods and ready-to-cook products available from Costco, Whole Foods Market, Safeway and other U.S. retailers, as well as meal-kit services such as HelloFresh.

For supported items, users can place the food in compatible cookware inside Ultra and follow the on-screen cooking recommendations without having to translate package directions into appliance modes, temperatures and timing. The company continues to expand the range of supported foods and formats.

Personalization is tied to the cooking result. One person may prefer salmon softer and more tender, while another wants it more well done. Over time, feedback about texture and doneness can help future cooking recommendations better match each person or household’s preferences.

That difference is most noticeable in everyday use. A home user in Florida prepared salmon with asparagus and garlic butter shrimp and said she did not have to “constantly watch the food or worry about overcooking it.” In Atlanta, a mother used Ultra to cook a whole chicken and said she spent less time checking on the food and more time with her family. These experiences reflect what Ultra is designed to reduce: the attention and repeated monitoring that everyday cooking often requires.

Recognition for Experience Centered Design

Ultra’s design value does not rest on one camera, processor or temperature figure. It comes from how sensing, software, heat control and interface work together to replace repeated estimates and checks with a visible process that responds to feedback. This integrated experience formed the basis of WAN AICHEF’s IDEA submission.

Following earlier recognition from the Red Dot Award, the 2026 IDEA finalist selection provides further professional validation of this design direction. WAN AICHEF ULTRA was designed to make everyday cooking easier to start and manage, with built-in safeguards and less need for continuous attention.

https://www.idsa.org/awards-recognition/idea/idea-gallery/wan-aichef-ultra/

Learn more about WAN AICHEF ULTRA at global.wanaichef.com. ULTRA is also available to explore through Indiegogo.

About the International Design Excellence Awards

The International Design Excellence Awards (IDEA) is an annual design competition presented by IDSA. For more than 45 years, the program has recognized significant achievements in industrial design and work intended to create meaningful benefit for users, organizations and society.

Media Contact

Sylvia Liang
International Business Director
WAN AICHEF
732 S 6TH ST #7231
LAS VEGAS, NV 89101, United States
global@wanaichef.com
global.wanaichef.com

A robust adjusted EBIT margin of 18.8%, driven by solid organic revenue growth of 7.4%

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PARIS, Sept. 18, 2026 /PRNewswire/ — 

Virbac Headquarters, Carros, France
Virbac Headquarters, Carros, France

  • H1 2026 delivered a robust revenue growth of +7.4% and an adjusted EBIT margin of 18.8% at CERS:

○  Revenue growth is coming from both segments : companion animal +10.0% and farm animal +6.7% with a strong contribution from our Supercharge platforms (excl. Thyronorm) which increased by around +12% at CERS
○  Solid volume/mix effect of ~+5.4%, completed by price increase of ~+2%
○  Operating margin increased by 0.5ppt compared to H1 2025 driven by a favorable mix effect on the gross margin partially offset by higher operating expenses due to H1/H2 phasing effects.

  • Consolidated net income increased by +5.9% to €87.1 million
  • Net Debt as of June 2026 up to €196 million compared to €173m as of December 2025 mainly driven by usual working capital requirement seasonality

2026 guidance confirmed at the upper end of the range: the strong performance achieved in the first half of the year positions us to target the upper end of our initial revenue growth range (5.5% to 7.5% at CERS) and an adjusted recurring operating income margin of around 17% at CERS

Paul Martingell, Chief Executive Officer statement

“Virbac delivered a strong first half, marked by +7.4% organic growth and an 18.8% operating margin, demonstrating our teams’ ability to turn our commitment to animal health into tangible value. This performance reflects the scaling power of our ‘Supercharge’ platforms and the seamless integration of Thyronorm. Guided by our ‘Growing Together’ 2030 strategy, we are fully on track to achieve our full-year guidance.”

To be noted: EBIT Adjusted (before amortizations) corresponds to “recurring operating income before amortization of assets arising from acquisitions”.

Media Contact: contact@virbac.com

 

TDH Holdings Announces its Annual General Meeting of Shareholders will be Held on November 10, 2026

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BEIJING, Sept. 18, 2026 /PRNewswire/ — TDH Holdings, Inc. (NASDAQ: PETZ) (“TDH” or the “Company”), announced today that its Annual General Meeting of shareholders (the “AGM”) will be held November 10, 2026 at 9:30 a.m. Beijing time/Tuesday, November 9, 2026 at 8:30 p.m. EST at Room 1104, 9 East 3 Ring Middle Road, Chaoyang District, Beijing, People’s Republic of China. Stockholders of record as of the record date, close of business on September 30, 2026 will be entitled to vote at the AGM.

About TDH Holdings, Inc.

Founded in April 2002, TDH Holdings, Inc. (the “Company”) is a PRC-based company that is an operator and manager of commercial real estate properties. More information about the Company can be found at www.tiandihui.com.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may”, “will”, “intend”, “should”, “believe”, “expect”, “anticipate”, “project”, “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Specifically, the Company’s statements regarding its annual meeting are forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company’s goals and strategies; the Company’s future business development; general risks affecting the commercial real estate industry (including, without limitation, the inability to enter into or renew leases on favorable terms, changes in client preferences and space utilization, dependence on clients’ financial condition, and competition from other developers, owners and operators of real estate); changes in technology; economic conditions; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in China and the United States and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the 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. Additional factors are discussed in the Company’s filings with the U.S. Securities and Exchange Commission, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

For more information, please contact:

Feng Zhang, CFO
Email: tdhpets@163.com
Phone: +86 183-1102-1983

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