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Ascletis Completes Enrollment in U.S. Phase IIa Study for Its Small Molecule Oral GLP-1R Agonist, ASC30, in Participants with Obesity or Overweight

–          13-week U.S. Phase IIa study is evaluating the efficacy, safety and tolerability of two oral formulations of ASC30, a once-daily tablet, in 125 participants with obesity or overweight.

–         All 125 participants enrolled in just over one month; topline data expected in the fourth quarter of 2025.

HONG KONG, Aug. 5, 2025 /PRNewswire/ — Ascletis Pharma Inc. (HKEX: 1672, “Ascletis”) announces today completion of enrollment in its U.S. 13-week Phase IIa study evaluating ASC30, a small molecule oral GLP-1 receptor (GLP-1R) agonist for the treatment of obesity (NCT07002905). All 125 participants are obese or overweight with at least one weight-related comorbidity.

“We are excited to announce this important milestone, which brings us another step closer to delivering ASC30 as a potential unique and differentiated treatment for obesity,” said Jinzi Jason Wu, Ph.D., Founder, Chairman and CEO of Ascletis, “The rapid pace of enrollment of 125 participants in just over one month underscores the unmet medical need for additional treatment options for obesity. We are looking forward to topline data from this Phase IIa study in the fourth quarter 2025. As a small molecule, ASC30 has the potential to offer both once-daily oral and once-monthly subcutaneous injection dosing options for obesity treatment, if approved.”

The Phase IIa study is a 13-week, randomized, double-blind, placebo-controlled and multi-center study to evaluate the efficacy, safety, and tolerability in participants with obesity (body mass index (BMI) ≥ 30 kg/m2) or overweight (BMI ≥ 27 kg/m2 but < 30 kg/m2) with at least one weight-related comorbidity. Two oral formulations of one-daily ASC30 are being evaluated: formulation 1 (ASC30 tablets) and formulation 2 (ASC30 tablets A1). The primary endpoint of the study is the mean percentage body weight change from baseline at Week 13. The 13-week study protocol has a low starting dose of 1 mg of both formulation 1 and formulation 2, with weekly titrations to the desired maintenance doses of 20 mg and 40 mg of formulation 1 or 20 mg, 40 mg and 60 mg of formulation 2.

Both formulations have been evaluated in the oral ASC30 Phase Ia single ascending dose (SAD) study (NCT06680440). Formulation 2 demonstrated a flatter pharmacokinetic profile compared to formulation 1.

ASC30 was discovered and developed in-house at Ascletis as a first and only investigational small molecule GLP-1R biased agonist designed to be dosed once daily orally and once monthly subcutaneously for the treatment of obesity.

About ASC30

ASC30 is an investigational GLP-1R biased small molecule agonist and has unique and differentiated properties that enable the same small molecule for both oral tablet and subcutaneous injection administrations. ASC30 is a new chemical entity (NCE), with U.S. and global compound patent protection until 2044 without patent extensions. 

About Ascletis Pharma Inc.

Ascletis Pharma Inc. is a fully integrated biotechnology company focused on the development and commercialization of potential best-in-class and first-in-class therapeutics to treat metabolic diseases. Utilizing its proprietary Artificial Intelligence-Assisted Structure-Based Drug Discovery (AISBDD) Platform and Ultra-Long-Acting Platform (ULAP), Ascletis has developed multiple drug candidates in-house, including its lead program, ASC30, a small molecule GLP-1R agonist in development as a once-daily oral tablet and once-monthly subcutaneous injection for weight management. Ascletis is listed on the Hong Kong Stock Exchange (1672.HK).

To learn more about Ascletis, please visit www.ascletis.com.

Contact:

Peter Vozzo
ICR Healthcare
443-231-0505 (U.S.)
Peter.vozzo@icrhealthcare.com

Ascletis Pharma Inc. PR and IR teams
+86-181-0650-9129 (China)
pr@ascletis.com
ir@ascletis.com

 

Precision-Matched Meat Sourcing: The Global Advantage at FHC2025

SHANGHAI, Aug. 5, 2025 /PRNewswire/ — FHC Shanghai Global Food Trade Show, Asia’s flagship international food trade fair, returns to the Shanghai New International Expo Centre (SNIEC) from November 12-14, 2025.

China’s Visa Policy Opens Doors for Global Meat Commerce

Leveraging China’s expansive visa-free access for 54 nations, FHC2025 presents an unrivaled opportunity for the international meat industry. Suppliers and buyers gain frictionless entry for pivotal 15-day business engagements. Exhibitors enjoy expedited entry with invitations and 24-hour visa-on-arrival at key ports like Shanghai.

Discover the Future of Meat at Asia’s Premier Food Epicenter

Occupying 200,000 sqm, FHC2025 spotlights the meat sector, building on 2024’s resounding success (171,828 trade visitors, 3,000+ global exhibitors). Dedicated showcases from leading meat nations will be unveiled. Expect robust participation from international pavilions representing key players like Brazil, the USA, the EU, and Australia. Witness the convergence of global trends: premium and specialty cuts, sustainable sourcing and traceability solutions, advanced processing technologies, and the booming ready-to-eat/cook segments, all within Shanghai.

Precision-Matched Connections with High-Value Meat Buyers

The globally acclaimed FHC Hosted Buyer Program offers meat suppliers priority access to high-value procurement channels. Participants gain:

Guaranteed High-Impact Meetings: Secure 50+ pre-vetted appointments with premium hotel procurement directors, chain restaurant central kitchen heads, and specialized meat importers.

Direct Access to Decision Makers: Engage F&B association leaders and hospitality group executives face-to-face, slashing negotiation cycles by 60%.

Actionable Market Intelligence: Gain critical insights into China’s $150 billion meat market dynamics and evolving import regulations.

VIP Advantage: Enjoy all VIP benefits including access to the VIP Lounge, welcome package and accommodation during the exhibition period (Only for VIP delegations).

Position Your Brand in the Global Meat Arena This November at SNIEC, Shanghai!

Booth Inquiry:
Alex.Ni@imsinoexpo.com
Media Cooperation & Hosted Buyer Program:
Lizzy.Chen@imsinoexpo.com

SOPHiA GENETICS expands collaboration with AstraZeneca using AI to improve breast cancer patient outcomes

BOSTON and ROLLE, Switzerland, Aug. 5, 2025 /PRNewswire/ — SOPHiA GENETICS (Nasdaq: SOPH), a cloud-native healthcare technology company and a global leader in data-driven medicine, today announced an expansion of its partnership with AstraZeneca (LSE/STO/Nasdaq: AZN). This new, multi-year collaboration will leverage SOPHiA GENETICS’s multimodal AI Factories to generate evidence on the efficacy, value, and real-world impact of therapies for certain types of breast cancer. It will also support the potential development of a bespoke AI-powered predictive model aimed at optimizing outcomes for individuals undergoing treatment for breast cancer.

Derived from cutting-edge computing protocols and trained on one of the most diverse multimodal datasets in healthcare, SOPHiA GENETICS’s AI Factories offer powerful predictive insights for assessing patient prognosis and treatment response. AstraZeneca will utilize SOPHiA GENETICS’s AI Factories to analyze multimodal healthcare data — including genomics, imaging, and clinical data — and generate AI-powered insights to help optimize breast cancer outcomes. The companies will also collaborate on real-world evidence generation in Europe and North America to uncover key drivers of treatment efficacy, address critical knowledge gaps, and enhance clinical decision-making through deeper insights.

“We are proud to deepen our partnership with AstraZeneca through this significant new initiative, which highlights the growing demand for secure, compliant, and scalable real-world AI applications,” said Ross Muken, President of SOPHiA GENETICS. “Our platform is purpose-built to manage complex healthcare data environments, and this collaboration reinforces our shared commitment to driving better patient outcomes through trusted, federated analytics powered by data and AI.”

“At AstraZeneca, a core component of our AI strategy has been rooted in the deployment of frontier AI solutions across oncology clinical development,” said Jorge Reis-Filho, Chief AI and Data Scientist, AstraZeneca. “Fine tuning and augmenting our models with multimodal data – including our own data and the data that will be generated as part of this collaboration – is helping us to generate a more holistic understanding of disease biology and biomarkers to tailor the most effective treatment to patients living with cancer.”

This collaboration reinforces SOPHiA GENETICS’ position as a trusted technology partner and underlines its commitment to advancing global health through federated data analytics and artificial intelligence.

For more information on SOPHiA GENETICS, visit SOPHiAGENETICS.COM, or connect on LinkedIn

About SOPHiA GENETICS  

SOPHiA GENETICS (Nasdaq: SOPH) is a cloud-native healthcare technology company on a mission to expand access to data-driven medicine by using AI to deliver world-class care to patients with cancer and rare disorders across the globe. It is the creator of the SOPHiA DDM™ Platform, which analyzes complex genomic and multimodal data and generates real-time, actionable insights for a broad global network of hospital, laboratory, and biopharma institutions. For more information, visit SOPHiAGENETICS.COM and connect with us on LinkedIn

SOPHiA GENETICS products are for Research Use Only and not for use in diagnostic procedures unless specified otherwise. The information in this press release is about products that may or may not be available in different countries and, if applicable, may or may not have received approval or market clearance by a governmental regulatory body for different indications for use. Please contact support@sophiagenetics.com to obtain the appropriate product information for your country of residence. 

SOPHiA GENETICS Forward-Looking Statements:  

This press release contains statements that constitute forward-looking statements. All statements other than statements of historical facts contained in this press release, including statements regarding our future results of operations and financial position, business strategy, products, and technology, as well as plans and objectives of management for future operations, are forward-looking statements. Forward-looking statements are based on our management’s beliefs and assumptions and on information currently available to our management. Such statements are subject to risks and uncertainties, and actual results may differ materially from those expressed or implied in the forward-looking statements due to various factors, including those described in our filings with the U.S. Securities and Exchange Commission. No assurance can be given that such future results will be achieved. Such forward-looking statements contained in this press release speak only as of the date hereof. We expressly disclaim any obligation or undertaking to update these forward-looking statements contained in this press release to reflect any change in our expectations or any change in events, conditions, or circumstances on which such statements are based, unless required to do so by applicable law. No representations or warranties (expressed or implied) are made about the accuracy of any such forward-looking statements. 

 

From Utility to Smart Tech: Ausko’s Role in Singapore’s Evolving Waste Landscape


SINGAPORE – Media OutReach Newswire – 5 August 2025 – As Singapore continues to push towards greener, smarter infrastructure, Ausko has announced a shift in focus to address these evolving waste disposal needs. The company aims to focus on product variety, hygiene requirements, and design customisation for waste solutions in different environments.

Ausko recycling bin singapore

A Shift Toward Customised and Scalable Solutions

According to Mr. Andrew Koh, founder of Ausko, the company’s next phase will centre on:

  • Advising on product selection based on operational and hygiene requirements.
  • Expanding its range of bin types and sizes to meet varying industry needs.
  • Offering customised bin designs tailored to specific environments and use cases

One example of this is the Big Buddy Bin—a monkey-proof bin developed and launched in collaboration with the National Environment Agency (NEA). Projects like this reflect Ausko’s broader approach: responding to real-world conditions with practical, context-specific bin design.

“We aim to keep pace with industry shifts and provide solutions that help clients meet both regulatory requirements and day-to-day operational needs,” said Mr. Koh.

A Front-Row Seat to a Changing City

In the early 2000s, the demand for durable, wheeled bins grew in step with Singapore’s construction boom and population growth. Ausko’s early clients included schools, town councils, waste collectors, cleaning companies, and healthcare facilities—sectors that needed small- to large-capacity bins along with basic hygiene infrastructure.

Two decades later, the demand faced today is markedly different. With a shift toward space optimisation, stricter public hygiene standards, and the country’s Green Plan 2030, the types of bins needed—and the expectations around them—have changed.

Meeting New Demands with New Tools

To meet these evolving needs, Ausko moved beyond bin distribution and into manufacturing, setting up production facilities across countries in Asia and forming partnerships across Europe. Today, the company supplies a range of options—from recycling bins and dustbins with lids to other hygiene-focused designs tailored for different environments. These newer models incorporate features like fill-level monitoring and cloud-based tracking, which allow users to better plan waste collection routines.

As businesses and municipalities seek to streamline their waste solutions while aligning with sustainability goals, these tools have become increasingly relevant. More broadly, such developments reflect Ausko’s ongoing efforts to adapt to Singapore’s changing urban and environmental needs.

Moving forward, the company aims to continue supporting industries with products and services tailored to evolving operational and regulatory demands.

Hashtag: #Ausko

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

About Ausko

Ausko Pte Ltd is a Singapore-based waste solutions provider offering indoor and outdoor bin systems for commercial, industrial, and municipal use. Since 2000, the company has expanded its footprint to include manufacturing in Shanghai and strategic partnerships in Europe. Its product range includes mobile garbage bins, stainless steel units, , , and smart waste systems.

The Answer in a tree: Practices of Environmental Governance and Industrial Development in Lankao, Henan


LANKAO, CHINA – Media OutReach Newswire – 5 August 2025 – From July 23 to 27, the Shanghai Cooperation Organization Media and Think Tank Summit took place in Zhengzhou, Henan Province.

image-1.jpeg

Themed Upholding the “Shanghai Spirit” to Build a More Beautiful Home, the summit brought together leading media outlets, prominent think tanks, senior government officials and diplomatic envoys from SCO member states, observer states and dialogue partners, renowned scholars and experts in relevant fields, as well as representatives of the SCO Secretariat and other international and regional organizations.

On July 26, guests traveled to Lankao County, Kaifeng City, for a field visit. They proceeded to Jiaotong Square to hear stories about the Jiaotong Tree,headed to Jiao Yulu Memorial Park for the exhibition showcasing Comrade Jiao Yulu’s life and deeds,and departed for Huanghewan (Yellow River Bay) in Dongbatou Town to learn about ecological protection and high-quality development of the Yellow River.At last, guests departed for Guyang Music Town to visit the national musical instrument industry.They were eager to learn how this once impoverished region, long tormented by sandstorms, salinization, and waterlogging, had achieved comprehensive revitalization through environmental governance and industrial development.

Cultural Exchange Center in Lankao County, Henan Province, taken on May 14th
Cultural Exchange Center in Lankao County, Henan Province, taken on May 14th

Decades of relentless effort have forged Lankao’s remarkable transformation, a change vividly reflected in each upright paulownia tree.

This is the pulse of the earth.Stretching beneath the vast sky of China, the mighty Yellow River, revered as the Mother River, surges like a dragon, nourishing the root of Chinese civilization.

In Lankao, however, these same torrential waters of the Yellow River, with their relentless floods and windblown sands, also left three natural disasters, sandstorms, saline-alkaline soil, and waterlogging.

When the spring breeze blows across the old course of the Yellow River again, the landscape of Lankao is transformed. An ocean of paulownia trees spreads out into a stretch of vibrant green. With broad-leaved canopies, these tall and straight trees are like immortal monuments standing on the earth, wordlessly telling the name of a pioneer – Jiao Yulu.

One generation plants the trees, under whose shade another generation rests. In 1962, Jiao Yulu, then secretary of the Lankao County Party Committee, led the masses in a battle against three natural disasters. Their ingenious methods—covering sand dunes with excavated silt and planting trees to stabilize moving sands—have found a new life today. The ecological corridor, with a length of more than 1,500 kilometers, and the ecological forest land, covering an area of 200,000 mu, have become the unique “lucid waters and lush mountains” in the plain sandy area.Once endangering the people in Lankao, the three natural disasters—sandstorms, saline-alkaline soil and waterlogging—have now been transformed into ecotourism resources.Tourists can view old photos at the Yellow River Control Memorial Hall, go birdwatching by restored wetlands, and enjoy the rustle of leaves in the paulownia forest.

The paulownia forest is not only a green barrier guarding the homeland, but also breeds vigorous vitality.In Xuchang Village,Guyang Town, people there awaken to the melodious sound of the guzheng and guqin.Once planted to shield against wind and fix the sands, the paulownia trees have now become excellent materials for making Chinese traditional instruments.

Xuchang Village produces over 100,000 units of guzheng and guqin annually, generating 150 million yuan (CNY) in output value. With the help of e-commerce, the products are not only sold well across the country, but also exported to more than 10 countries and regions, including Japan and the United States. From a poverty-stricken village in the past to a prosperous village nowadays, the paulownia tree has witnessed the remarkable transformation of Xuchang Village.

Meanwhile, in the home-furnishing industrial park, leading enterprises such as Sofia and TATA Wood Door have taken root. These “singing woods” have been transformed from “timber worth dozens of yuan” into a modern home-furnishing industry with a production and operation income of more than 50 billion yuan(CNY). Paulownia has become the economic pillar of Lankao, and the furniture produced is shipped from Lankao to many cities across the country.

The gifts of this land extend far beyond this. The once barren saline-alkali soil are now planted with melt-in-your-mouth and sweet salt-tolerant sweet potatoes, juicy honey melons, and plump peanuts. These characteristic agricultural products have not only become the “New Three Treasures” of Lankao, but also a powerful new engine for boosting farmers’ incomes

The economic development has changed the local people’s way of life, and there are many such changes. In terms of education, finance, culture, science and technology, ecology and transportation, the brand-new Lankao is increasingly capturing the world’s attention.

In the sunlight, the vast fields of photovoltaic panels shimmer like a blue ocean.

In the fields, the modern wind turbines, stand tall and upright, their blades turning steadily in the breeze, generating clean energy that meets the local electricity demand and is transmitted to other regions.

The construction of high-standard farmland has been comprehensively promoted.The former saline-alkali land has now become ten thousand mu of fertile farmland.

Through the exploration of “5G + smart agriculture”, Lankao has realized the transformation from “relying on the weather for food” to tech-driven harvests. The grain yields climb steadily. The Harvest Festival brims with stories of the smart farming. On the land of Lankao, the beautiful picture of fertile farmland is slowly unfolding with “villages in the fields, fields among the villages, and villages and fields as one”.

From the paulownia tree planted by Jiao Yulu to the comprehensive revitalization of Lankao today, this is a history of struggle, and also a legend of moving from desolation and poverty to fertility and prosperity .

The vitality of a tree lies in taking root downward and growing upward; the vitality of a city lies in transforming the sand of suffering into the light of hope. This is the answer that Lankao has given to the world.

Ahmed Hassan Ahmed Mohamed Moustafa, Owner and Director of Asia Center for Studies and Translation from Egypt, expressed during his visit that he was deeply impressed by China’s achievements in poverty alleviation. He stated that ​Lankao’s remarkable development through initiatives like afforestation​ was precisely why he chose to visit, adding that such experiences ​hold invaluable lessons for his own country.
Hashtag: #Lankao #Henan

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

Binggrae to Open Pop-Up Store in Xinyi District, Taipei, Taiwan

SEOUL, South Korea, Aug. 5, 2025 /PRNewswire/ — Binggrae will open a pop-up store in the Xinyi District of Taipei, Taiwan, from August 9 to 10.

Binggrae to Open Pop-Up Store in Xinyi District, Taipei, Taiwan
Binggrae to Open Pop-Up Store in Xinyi District, Taipei, Taiwan

Operating from 2 PM to 8 PM on both days at the Breeze SongGao department store (Breeze Center, Xinyi District), the pop-up store is Binggrae’s way of expressing gratitude to Taiwanese consumers for their continued support. A variety of fun events and experiences are planned for visitors.

At the pop-up, guests will be able to sample some of Binggrae’s most popular products, including Melona, Banana Flavored Milk, and Powercap. A series of interactive experiences will also help local consumers connect more deeply with the Binggrae brand.

Adding to the excitement, popular cheerleader Byun Ha-yul will appear during the event. Known for her long-time love of  Binggrae’s Banana Flavored Milk, she will personally serve a special banana milk slushie to guests. A commemorative photo opportunity with Ha-yul Byun will also be held.

A Binggrae representative stated, “We are incredibly grateful for the ongoing interest and support from Taiwanese consumers, which has helped Binggrae thrive in the market. We hope many people will visit the pop-up store and enjoy a fun, memorable experience.”

Cango Inc. Announces July 2025 Bitcoin Production and Mining Operations Update

HONG KONG, Aug. 5, 2025 /PRNewswire/ — Cango Inc. (NYSE: CANG) (“Cango” or the “Company”) today published its Bitcoin production and mining operations update for July 2025.

Bitcoin Mining Production and Mining Operations Update for July 2025

Metric

July 2025 1

June 2025 1

Number of Bitcoin produced

650.5

450.0

Average number of Bitcoin produced per day

20.99

15.00

Total number of Bitcoin held 2

4,529.7

3,879.2

Deployed hashrate

50 EH/s

32 EH/s

Average operating hashrate 3

 40.91 EH/s

 29.92 EH/s

1.      Unaudited, estimated.

2.      As of month-end.

3.      Average over the month.

Note: Cango holds Bitcoin for the long term and does not currently intend to sell any of its Bitcoin holdings.

Paul Yu, CEO and Director of Cango, commented, “With the addition of 18 EH/s at the end of June, our deployed hashrate expanded to 50 EH/s in July and allowed us to deliver a 45% month-over-month increase in Bitcoin producted to 650.5. Average operating hashrate of 40.91 EH/s throughout the month underscores our robust operational efficiency and significant growth potential as we continue to scale. This strong performance not only demonstrates our commitment to execution but also fuels our ambition to accelerate future production.”

“With a new and experienced management team now onboard and growing Bitcoin treasury holdings from mining operations, we are now focused on laying the foundation for our vertical integration to transition towards a more diversified and resilient portfolio of mining sites and energy infrastructure.”

About Cango Inc.

Cango Inc. (NYSE: CANG) is primarily engaged in the Bitcoin mining business, with operations strategically deployed across North America, the Middle East, South America, and East Africa. The Company entered the crypto asset space in November 2024, driven by advancements in blockchain technology, the growing adoption of digital assets, and its commitment to diversifying its business portfolio. In parallel, Cango continues to operate an online international used car export business through AutoCango.com, making it easier for global customers to access high-quality vehicle inventory from China. For more information, please visit: www.cangoonline.com.

Investor Relations Contact

Juliet YE, Head of Communications
Cango Inc.
Email: ir@cangoonline.com 

Shede Aged Baijiu Festival Debuts in Malaysia and Singapore – Fosun Empowers Shede Spirits to Share Its Aroma with the World


KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 5 August 2025 – On August 3, the Shede Aged Baijiu Festival was staged in Malaysia, following its successful Singapore edition. Once again, Shede Spirits celebrated baijiu as a cultural bridge to advance its expansion in Southeast Asia, hosting a series of high-profile events to actively promote Chinese baijiu culture on the global stage.

Panoramic view of the Shede Aged Baijiu Festival
Panoramic view of the Shede Aged Baijiu Festival

Distinguished guests included Lee Thai Hung, Deputy Director-General of Tourism Malaysia; Datuk Chong Sin Woon, Secretary-General of the Malaysian Chinese Association (MCA); Prof. Dr. Choong Chee Keong, Vice President of Universiti Tunku Abdul Rahman (UTAR); Guo Guangchang, Chairman of Fosun International; Pu Jizhou, Chairman of Shede Spirits; Wu Yifei, Co-Chairman of Shede Spirits; Tang Hui, President of Shede Spirits; Yang Xiao, Chairman of Mix Company; along with representatives from Malaysian business circles, distributors, media, and collectors and aficionados of aged baijiu.

At the event, Lee Thai Hung, Deputy Director-General of Tourism Malaysia, lauded Shede Spirits for its role in fostering China–Malaysia cultural exchange and charitable initiatives. He noted that the “Shede Spirit” resonates strongly with Malaysia’s vision of integrating culture and tourism, fulfilling social responsibilities, and deepening bilateral friendship. He expressed the hope that more leading Chinese enterprises would join in advancing cooperation between the two nations.

Guo Guangchang, Chairman of Fosun International, reaffirmed Fosun’s commitment to propelling Shede Spirits and Chinese baijiu culture onto the world stage. He highlighted Shede’s recent strides in production capacity and R&D infrastructure, which underpin the brand’s long-term growth under its aged-baijiu strategy. Guided by the principle of long-termism, Fosun will continue to support Shede’s sustainable development by harnessing both domestic and international platform resources—deepening its footprint in China while accelerating overseas expansion. Guo emphasized Southeast Asia’s deep-rooted Chinese communities and natural affinity for baijiu, expressing his hope that Shede will become the most beloved and trusted Chinese baijiu brand in the region. He added that cultural outreach and product innovation would serve as the twin engines driving Shede’s future, creating shared success for partners and energizing global market growth.

As a cornerstone of Shede’s international strategy, Southeast Asia holds profound strategic importance. In his keynote, Shede Spirits Chairman Pu Jizhou reflected on the enduring friendship and cultural bonds between China and Malaysia, offering an incisive interpretation of the contemporary significance of the “Shede” philosophy. He noted that Shede hails from Shehong in Suining, Sichuan—Hometown of Baijiu. As Tang poet Du Fu once wrote, “Shehong spring wine stays freshly green despite the chill.” Today, a pot of Shede Baijiu, just like the iconic Guanyin Lake with its vast expanse, becomes the signature of the city. With Fosun’s support, Shede has rapidly expanded into 40 countries and regions worldwide, achieving both overseas profitability and sustained growth. Pu pledged to deepen Shede’s commitment to the Southeast Asian market, forging partnerships with more distributors to weave premium aged baijiu into local lifestyles—transforming the wisdom of Shede into a bridge for global cultural exchange and emotional resonance, and enabling the world to savor the fragrance of Chinese baijiu and the elegance of Chinese culture.

The evening reached its zenith with a charity auction, as rare bottles of Shede aged baijiu drew spirited bidding from collectors and connoisseurs, with every lot sold. All proceeds were donated to Universiti Tunku Abdul Rahman to support the advancement of Chinese education and academic development in Malaysia—embodying the Shede Spirit through meaningful action.

With Fosun’s strategic empowerment, Shede Spirits continues to accelerate its global footprint, with products now available in 40 countries and regions. Looking ahead, the brand will further leverage its “Aged Baijiu + Culture” model, exploring new pathways for sustainable overseas growth and joining hands with partners worldwide to champion Chinese baijiu culture—crafting a better life for families across the globe.

Hashtag: #ShedeSpirits

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