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Sigenergy Enters Utility-Scale Market with 506kW Inverter, Delivering Optimized LCOE and Lifecycle Value

SHANGHAI, April 8, 2026 /PRNewswire/ — Following the commissioning of its 136,000-square-meter Smart Energy Center, Sigenergy has officially launched its inaugural utility-scale PV inverter. By integrating high-density hardware with millisecond-level control algorithms and AI-driven analytics, the solution addresses the industry’s shift toward simplified system architectures and granular management for large-scale projects.

Ultimate LCOE: Redefining System-Level Efficiency

Sigenergy’s utility solution leverages Silicon Carbide (SiC) MOSFETs to optimize thermal management and power conversion efficiency. Delivering a maximum output of 506kW, the unit enables a structural reduction in the number of inverters required per site, streamlining overall project scale.

  • Cost Optimization: The platform supports a 1000V AC output, which lowers current levels and significantly reduces cabling expenses compared to traditional 800V systems. For 9.2MW block configurations, this design slashes BOS and installation costs by over 10% while simplifying field execution.
  • Maximum Energy Harvest: While traditional high-power solutions often force a single MPPT to manage over 600 panels , Sigenergy’s 18 MPPT Design ensures each channel manages only approximately 60 panels (two strings per MPPT). This granular control minimizes mismatch losses from shading or varying orientations, increasing annual energy yield by 1.5% to 2%.
Safe & Reliable: Proactive Protection in Extreme Environments

Safety is the cornerstone of the Sigenergy platform, which utilizes a comprehensive protection suite to safeguard every critical electrical node.

  • Comprehensive Safeguards: The system features utility-grade AFCI technology with an industry-leading 500m detection distance for rapid arc-fault and fire risk identification. Enhanced safety features also include on-board terminal temperature monitoring, reverse polarity protection, and Type I+II DC-side lightning protection to ensure maximum plant uptime and prevent reverse current damage.
  • Industrial-Grade Durability & Thermal Mastery: To ensure 25-year operational reliability, the inverter features an IP66 rating and C5-H anti-corrosion coating for long-term stability in harsh coastal or industrial environments. Internal thermal management is driven by directed airflow to eliminate interference, paired with zigzag heat exchange technology to maintain peak performance under high-load conditions.
Optimized O&M: 15x Faster Troubleshooting

Sigenergy transforms maintenance from a reactive task to a prescriptive strategy through the integration of intelligent hardware and software.

  • Precision Diagnostics: By refining control to just two strings per MPPT, the system isolates faults instantly, making troubleshooting 15 times faster than traditional systems where one MPPT manages dozens of strings.
  • Millisecond-Level Intelligence: The proprietary MPPT algorithm utilizes multi-factor prediction to adjust at the millisecond level, ensuring the system remains locked onto the highest possible output during rapid weather fluctuations.
  • Rapid Scanning: During partial shading events, the multi-peak scanning identifies the true global maximum in just 10 seconds—up to 6 times faster than the 40–60 seconds required by conventional solutions.
Life Cycle Assessment (LCA): Engineering for Sustainability

Embracing a Life Cycle Assessment (LCA) philosophy, Sigenergy optimizes value throughout the project’s lifespan. High power density reduces raw material consumption per kilowatt during manufacturing. In the operational phase, precision MPPT management and intelligent O&M reduce both the carbon footprint and the resource demands of onsite services. By focusing on lowering LCOE through precise engineering, Sigenergy provides the global market with a robust foundation for the clean energy transition.

Sigenergy utility-scale PV inverter
Sigenergy utility-scale PV inverter

Global Employee Engagement Falls to Lowest Level Since 2020

Low engagement costs global economy more than $10 trillion in lost productivity

WASHINGTON, April 8, 2026 /PRNewswire/ — Global employee engagement fell to 20% in 2025, down from a peak of 23% in 2022, marking the first time Gallup has recorded two consecutive years of decline in global engagement. Despite long-term gains, including an eight-point increase since 2009, the recent downturn signals growing challenges for organizations worldwide, according to Gallup’s latest State of the Global Workplace report.

Each percentage point of engagement represents approximately 21 million employees globally. While the long-term trend shows improvement in the quality of work for millions, recent declines are cause for concern.

Low engagement continues to carry a significant economic cost. In 2024, disengagement resulted in an estimated $10 trillion in lost productivity globally — equivalent to 9% of global GDP.

The 2025 global decline in engagement was geographically widespread, with no region experiencing an increase. South Asia (-5 points) saw the largest drop.

Managers Continue to Drive Declines in Global Engagement

The recent drop in global engagement is largely driven by declining manager engagement. Since 2022, manager engagement has fallen by nine percentage points, including a five-point drop in 2025 alone (from 27% to 22%). In contrast, engagement among individual contributors has remained largely stable.

Managers have historically been more engaged than the employees they lead, but that gap has narrowed significantly. Today, managers are no more engaged than individual contributors, signaling a critical shift in workplace dynamics.

Regional data underscores the trend. In South Asia — driven largely by India — manager engagement declined by eight points in 2025, alongside a reduction in the number of managers, suggesting organizational flattening may be contributing to lower engagement.

Managers also play a pivotal role in emerging workplace trends, including artificial intelligence adoption. Gallup research in the U.S. finds that manager-led initiatives and system integration are key drivers of frequent AI use within organizations.

“This report establishes a global baseline for management effectiveness in the AI era,” says Gallup CEO Jon Clifton, “Businesses are investing heavily in AI, but the results are not showing up in the bottom line. Gallup’s data points to an answer the corporate world has largely ignored: the manager.”

Global Job Market Perceptions Hold Steady Amid Regional Shifts

About half of employees (52%) say it is a “good time” to find a job, up one percentage point in 2025. Job market optimism rose among fully on-site workers but declined among remote and remote-capable employees, likely reflecting reduced availability of remote opportunities.

Regionally, Australia/New Zealand (-12 points) and the United States and Canada (-10 points) experienced the sharpest declines in job market optimism.

While Australia/New Zealand remains above the global average, the U.S. and Canada now rank among the least optimistic regions globally.

Employee Wellbeing Improves Slightly but Remains Under Pressure

Global employee wellbeing improved for the first time in three years, with 34% of employees classified as thriving, up one percentage point from 2024. Gains were led by increases in Latin America and the Caribbean and Europe.

However, daily negative emotions — including stress, anger and sadness — remain elevated compared with pre-pandemic levels, suggesting a lasting shift in how employees experience work and life.

Leaders report higher overall wellbeing and engagement than individual contributors, but they are significantly more likely to experience daily stress, anger, sadness and loneliness. Despite these challenges, engagement plays a critical protective role: Engaged managers report lower levels of negative emotions and are substantially more likely to be thriving than their less engaged peers.

About Gallup
Gallup delivers analytics and advice to help leaders and organizations solve their most pressing problems. Combining more than 80 years of experience with its global reach, Gallup knows more about the attitudes and behaviors of employees, customers, students and citizens than any other organization in the world.

 

ADA Enables Security Agencies and Facilities Management Companies to Cut Security and Facility Costs by 50% with Autonomous AI Technology

SINGAPORE, April 8, 2026 /PRNewswire/ — In response to rising labour costs, manpower shortages, and increasing operational demands, ADA AI Pte Ltd, Autonomous Virtual Guarding Technology (AVGT) a proven AI-driven solution that enables Security Agencies and Facilities Management companies to reduce guarding and operational costs by up to 50% while improving service performance.

AVGT transforms traditional security operations by replacing manual guard patrols with fully autonomous, AI-powered virtual patrols. Built to operate on existing CCTV infrastructure, the solution automates inspection, anomaly detection, and reporting — delivering consistent, scalable, and measurable outcomes across multiple sites.

From Cost Burden to Competitive Advantage

Traditional guarding models are no longer sustainable.

  • Rising wages continue to inflate operational costs
  • 24/7 coverage requires multiple manpower shifts
  • Human fatigue leads to missed incidents and inconsistent reporting

AVGT changes the equation entirely.

By automating patrol operations, organizations can:

  • Reduce guarding costs by up to 50%
  • Eliminate repetitive manual patrols
  • Redeploy manpower to higher-value tasks
  • Improve operational margins and competitiveness

For Security Agencies, this means winning more contracts with better pricing and stronger service differentiation.

For Facilities Management companies, it means delivering higher service levels while reducing operational overhead.

24/7 Performance. Zero Fatigue. Total Consistency.
Unlike human patrols, AVGT operates continuously with no fatigue, no downtime, and no inconsistency.

  • Every patrol is executed without fail
  • Every checkpoint is inspected with standardized criteria
  • Every report is generated automatically

This ensures reliable, audit-ready performance across all sites — every hour, every day.

Scale Without Increasing Headcount

AVGT enables organizations to expand operations without linear cost increases.

  • Monitor multiple sites simultaneously
  • Increase coverage instantly
  • Eliminate dependency on manpower availability

This allows both Security Agencies and Facilities Management providers to scale their business without scaling workforce costs — a critical advantage in today’s labour-constrained market.

Real-Time Detection. Instant Response.

AVGT enhances operational effectiveness through AI-driven real-time monitoring:

  • Immediate anomaly detection
  • Instant alerts with visual evidence
  • Faster decision-making and response

The result is reduced risk exposure, improved incident handling, and stronger client confidence.

Fully Documented, Transparent, and Audit-Ready.

Every AVGT patrol generates:

  • Time-stamped records
  • Structured inspection reports
  • Visual evidence for each checkpoint

This ensures full transparency, compliance readiness, and accountability — eliminating disputes and improving trust with clients.

From Manpower to Autonomous Intelligence

AVGT represents a fundamental shift in how security and facility operations are delivered:

  • From labour-intensive to AI-driven automation
  • From reactive patrols to proactive detection
  • From cost centre to measurable value driver

By integrating AVGT, organizations can transform their operations into data-driven, scalable, and outcome-based systems.

Fully Autonomous. Fully Scalable. Fully Proven.

AVGT executes a complete patrol lifecycle autonomously:

  • Auto-initiates patrols
  • Evaluates every camera using AI
  • Detects abnormalities instantly
  • Generates structured, audit-ready reports

This is not a concept. This is proven technology already delivering real cost savings and operational improvements.

The Future of Security and Facilities Management
As industry pressures intensify, the shift toward automation is no longer optional — it is inevitable.

This is not just a smarter patrol. This is guarding without guards.
Organizations that adopt AVGT today will lead the next generation of efficient, scalable, and intelligent operations.

About ADA AI
ADA AI is a Singapore-based technology company specializing in artificial intelligence for security, surveillance, and operational intelligence. Its solutions transform traditional CCTV systems into autonomous, data-driven platforms that deliver measurable business outcomes across security and facility management sectors.
For more information, visit: www.ada-ai.ai

Kamet Capital Hosts 2026 Market Outlook Luncheon, Marking First Large-Scale In-Person Gathering in Nine Years

SINGAPORE, April 8, 2026 /PRNewswire/ — Kamet Capital, a Singapore-based multi-single-family office, hosted its 2026 Market Outlook Luncheon on February 22, bringing together ultra-high-net-worth families, fund investors and portfolio company founders for discussions on the 2026 market environment, asset allocation opportunities and key sector trends such as AI and healthcare. As Kamet’s first large-scale in-person gathering in nine years, the luncheon reflected the firm’s expanding client base, growing presence as one of the region’s leading family offices and evolving capability to meet clients’ demands for high-quality insights, meaningful dialogue and network access.

“Kamet was established in 2017. We stayed low-key for years and usually engaged with families in a more private setting,” said Kerry Goh, founder, CEO and CIO of Kamet Capital. “This year, in response to interest from many new clients, we organized our first large-scale in-person gathering, reflecting our willingness to engage more openly with a broader group of investors. But we will keep our original principles to build long-term trust.”

A Framework-Driven Outlook for 2026

At the event, Kamet shared that its outlook is based on a systematic assessment of macro conditions, policy factors and valuations, rather than short-term market fluctuations. Many of the most important data points only become clear in early February. That is why it typically publishes the assessment by then.

This year’s theme centered on how investors can make decisions that remain resilient amid heightened volatility and increasing market divergence. Kamet specifically highlighted its high-conviction (and non-consensus) views that precious metals had topped out in early February with high odds of a considerable pullback in the short term. It also shared the long-term de-dollarization theme but found the recent USD weakness appeared overdone. In March, these views had largely played out, with gold prices correcting and USD strength reasserting itself. On equities, while Kamet remained constructive on both U.S. and Hong Kong SAR markets, heightened geopolitical tensions had led to increased volatility in the near term.

“In today’s complicated market environment, our investment decisions adopt a disciplined, framework-driven approach designed to filter out short-term market noise,” said Chong Sze King, Head of Portfolio Management of Kamet. “Our framework focuses on key drivers and, more importantly, on the specific conditions within these drivers. As long as these underlying conditions remain intact, we do not allow market fluctuations or headline-driven sentiment to dictate portfolio positioning. This approach enables us to remain aligned with our core investment principles while identifying selective opportunities across major markets and helping clients navigate uncertainty with a long-term, resilient portfolio strategy.”

Growth in 2025 and Looking Ahead

The event also highlighted Kamet’s progress in 2025, with a growing number of ultra-high-net-worth families and fund investors, expanded office space, and the continued development of differentiated investment solutions.

Kamet received positive client feedback on its Income-Optimizer Portfolio strategy launched last year, reflecting continued interest in resilient solutions. This year, Kamet will launch its put-write strategy through the Kamet Put Option Premium Fund, expanding its investment offerings in response to demand for strategies designed for a more volatile market environment.

Featured speakers from Kamet’s investee companies, Jensen Wu, founder and CEO of Topview, and Wai Mun Lim, founder and CEO of Doctor Anywhere, also shared sector insights on AI and healthcare, adding broader industry perspectives to the day’s discussions.

Kamet noted that AI remains a key area of interest for investors, but access to high-quality opportunities depends on trusted networks, strong sector understanding and close collaboration with founders and partners. Through Kamet’s Founders Network, it aims to help clients gain earlier visibility into emerging themes and selective opportunities in sectors with limited access. Kamet also continues to support innovation through its broader role as a long-term strategic partner to emerging companies and founders.

About Kamet Capital

Kamet Capital is a Singapore-headquartered wealth management firm and a pioneer of the multi-single-family office model in Asia. The firm serves ultra-high-net-worth families and individuals with integrated services spanning investment management, wealth planning, international mobility, household support, administration and philanthropy. Combining the tailored approach of a single-family office with the scale and capabilities of a multi-family office, Kamet Capital helps affluent families and founders across Asia manage and grow their legacies.

Disclaimer:

This content is for informational purposes only and does not constitute financial advice, nor an offer or solicitation for any financial products or services. It is not intended for residents of jurisdictions where such distribution would violate local laws or regulations.

Global Sourcing Fair Vietnam 2026 Opens this April, Showcasing the Heartbeat of Vietnam & Asian Factories

HO CHI MINH CITY, Vietnam, April 7, 2026 /PRNewswire/ — As global supply chains continue to evolve, international buyers are increasingly seeking sourcing destinations that deliver reliability, flexibility, and efficiency. In response to this demand, Global Sourcing Fair Vietnam 2026 will take place from April 22 to 24 (Wednesday to Friday), at the Saigon Exhibition and Convention Center (SECC), Ho Chi Minh City, Vietnam. The event brings together the pulse of Vietnam and Asian manufacturing in one dynamic sourcing platform.

Global Sourcing Fair Vietnam 2026 Opens this April, Showcasing the Heartbeat of Vietnam & Asian Factories
Global Sourcing Fair Vietnam 2026 Opens this April, Showcasing the Heartbeat of Vietnam & Asian Factories

Held at a pivotal time in the global sourcing calendar, the fair offers buyers a unique opportunity to connect directly with manufacturers, evaluate products in person, and secure supplies for upcoming production cycles.

Vietnam continues to strengthen its position as one of Asia’s most attractive sourcing destinations, bolstered by competitive production costs, a skilled workforce, and a stable business environment. Its strategic location and growing connectivity make it especially accessible for international buyers, with convenient direct flights from major cities across the Asia-Pacific region and beyond.

For buyers, attending the exhibition means more than discovery – it enables faster decision-making, reduced sourcing risks, and stronger supplier relationships through face-to-face engagement.

Global Sourcing Fair Vietnam 2026: A Premier Sourcing Event in Asia

Organized by Global Sources, Global Sourcing Fair Vietnam 2026, held from April 22 to 24, is more than just an exhibition – it is a dynamic sourcing platform where international buyers can discover the heartbeat of Vietnam and Asian factories. The event features a diverse range of manufacturers from Vietnam and major production hubs across Asia, including Mainland China, Hong Kong SAR, Taiwan, India, and South Korea, offering buyers a comprehensive and flexible sourcing network.

With access to more than 40,000 export-ready products, buyers can connect directly with OEM, ODM, and OBM suppliers, explore the latest product innovations, and build long-term partnerships with manufacturers offering competitive pricing, scalable production, and flexible MOQ solutions.

The 2026 edition is expected to welcome more than 12,000 buyers worldwide and 500+ verified exhibitors, showcasing products across four key sectors: Fashion & Accessories, Home & Gifts, Electronics & Home Appliances, and Printing & Packaging. Product categories include fashion apparel, footwear, textiles, furniture, home décor, household goods, consumer electronics, packaging solutions, and lifestyle products, effectively meeting diverse sourcing needs across global markets.

Strong Regional Manufacturing Base with 70% ASEAN-Based Exhibitors

A key highlight of Global Sourcing Fair Vietnam 2026 is the introduction of the ASEAN Pavilion, featuring a curated group of manufacturers from Thailand, Indonesia, Singapore, and the Philippines. This dedicated zone gives buyers a unique opportunity to explore the diversity, creativity, and rapidly growing capabilities of Southeast Asia’s manufacturing sector. By bringing regional suppliers together in one location, the pavilion highlights ASEAN’s increasing role as a dynamic, trend-driven sourcing hub.

In parallel, the E-commerce Pavilion is designed to support online sellers and digital-first businesses looking to expand into Vietnam and Southeast Asia. Covering everything from product sourcing and private labeling to logistics and cross-border strategies, the pavilion delivers practical, end-to-end solutions tailored to the needs of modern e-commerce players. This makes it a highly relevant and timely addition, aligning with the region’s fast-paced digital commerce growth.

What makes the 2026 edition particularly unique is its strong regional manufacturing base, with over 70% of exhibitors operating factories in Vietnam and across Southeast Asia. This enables buyers to access localized production directly – helping shorten lead times, increase flexibility, and strengthen supply chain resilience. Together, these initiatives position the expo as a unique, on-trend sourcing destination, connecting global buyers with the real production strength of Vietnam and ASEAN.

Beyond the Exhibition: Curated Programs Driving Real Sourcing Results

Global Sourcing Fair Vietnam 2026 goes beyond a traditional exhibition by offering a series of curated programs designed to maximize sourcing efficiency and deliver deeper industry insights.

The Industrial Seminars will feature a dedicated Sourcing Summit, bringing together industry experts from Vietnam, Europe, and across the global to share practical perspectives on real sourcing challenges, supply chain dynamics, and evolving market strategies. Discussions will focus on key issues such as sourcing execution gaps, production scalability, and navigating supply chain risks –providing buyers with actionable insights to make smarter, more informed decisions. In addition, the program includes a series of e-commerce-focused seminar sessions for online sellers, covering topics such as platform trends, cross-border strategies, and performance-driven growth in digital commerce.

A core highlight of the show is the Business Matching Program, which facilitates pre-arranged 1-on-1 meetings between buyers and suppliers based on specific sourcing needs. Selected VIP buyers, including Staples, Dollar General, Tchibo, Bunzl, Conrad, MM Mega Market Vietnam, Kohnan Vietnam, Comart, Test Rite, IMTRON, Exertis, CASETiFY, Logomark, VHC Brands, and others, have registered to participate and received dedicated support to ensure efficient, highly relevant connections. This year’s program will feature a strong lineup of international buyers across various sectors, with sourcing requirements spanning fashion, home products, electronics, and packaging – from OEM/ODM partnerships to flexible, low MOQ production capabilities.

New for 2026, the Dynamic Fashion Runway will bring sourcing to life through four live showcase sessions featuring the latest collections directly on the exhibition floor. Buyers can gain real-time insights into trends, materials, and product applications in a dynamic, engaging setting. Complementing the business-focused activities, the Discovery Zone – DIY Workshops: Nón Lá (Conical Hat) and Key Chain Decoration offer an interactive cultural experience where visitors can customize traditional Vietnamese conical hats, adding a unique and memorable touch to their sourcing journey.

Be part of Global Sourcing Fair Vietnam 2026! Register today to connect with top suppliers, discover thousands of export-ready products, and gain a competitive edge in global sourcing.

PR Newswire is the Official Media Partner of Global Sourcing Fair Vietnam 2026.

For more information, please visit our website.

Redefine Outdoor Summer: GOOJODOQ Camera-Inspired Handheld Fan Loved by Real Users

JAKARTA, Indonesia, April 8, 2026 /PRNewswire/ — GOOJODOQ, a lifestyle tech brand balancing daily functionality with contemporary aesthetic design, has launched the GFS025 Camera-Inspired Handheld Fan. Following the success of its iconic Nailoong series last September and its partnership this February with Thai superstar Mai Davika, the GFS025 aims to offer a creative twist on portable cooling for young consumers across Southeast Asia.

GOOJODOQ CAMERA FAN GFS025
GOOJODOQ CAMERA FAN GFS025

Many commuters and outdoor enthusiasts struggle with a common summer hassle: carrying bulky separate devices to stay cool, while missing fleeting beautiful moments during commutes or breaks because they cannot snap photos instantly. Scenic commutes, lovely street views and festive moments often slip away without a portable camera. The GFS025 fully solves this problem, blending cooling and shooting into one compact gadget, making it a must-have for daily commutes, market trips, festivals and casual outdoor hangs. As regular users rave, it wins hearts with four core advantages:

  • Retro Film Visuals with One-handed Operation
  • High-Speed 100-Level Wind Control
  • Long Battery & Certified Safety Assurance
  • Stylish Portable Build Matching Summer Vibes

Users love that the built-in camera takes warm, vintage film-style shots that look great on social media straight away, no extra editing needed, with TF card support for seamless file sharing. The 180° adjustable fan head and 100-level stepless wind speed earn consistent praise — users can switch from a soft personal breeze to a steady gust for crowded spots or group hangouts. “The 2500mAh battery supports reliable daily use,” many users confirm, reducing frequent mid-trip recharges, while FCC, CE and RoHS certifications ensure safe daily carry. The slim design fits perfectly in hand, and five color options pair with every summer outfit, far beyond a plain functional accessory. As numerous real users have praised, “I didn’t expect to love it this much — it keeps me cool and I never miss a shot.”

For anyone seeking a versatile, all-in-one summer lifestyle essential that wraps comfort, creative capture and chic design into one, this piece hits all the right notes. It’s not just a standard tech item — it’s a thoughtful, stylish daily companion real users actually want to bring everywhere, perfectly meeting every practical need of the summer season.

For more information: https://id.goojodoqglobal.com

Hip Hing Construction Recognized at the International Innovation Awards (IIA) 2025 for Innovative Mobile MiC BIM CAVE Solution

SHANGHAI, April 7, 2026 /PRNewswire/ — Hip Hing Construction Company Ltd., along with Vibro (H.K.) Ltd. and CLPe, have been recognized at the International Innovation Awards (IIA) 2025, organized by Enterprise Asia, under the Service and Solution category for their pioneering solution, “Mobile MiC BIM CAVE”, an advanced BIM-driven Cave Automatic Virtual Environment that is transforming how construction professionals design, plan, train, and collaborate.

Developed to bridge the gap between virtual modelling and real-world construction execution, the BIM CAVE delivers a fully immersive, life-sized virtual environment using high-resolution projectors and LED screens across walls, ceilings, and floors. Unlike conventional VR systems reliant on individual headsets, Hip Hing’s BIM CAVE allows multiple stakeholders to simultaneously experience and interact with the digital building model, promoting collective understanding and real-time decision-making.

The system has been extensively deployed across three strategic application areas: training, virtual experience, and project facilitation. In training, it supports safety procedure instruction, awareness programmes for frontline staff, and skills development for technicians. For virtual experience, the BIM CAVE has enabled immersive show flat presentations and detailed aesthetic reviews, helping designers and end-users explore spatial layouts and design intent more effectively. In project facilitation, it provides a collaborative environment for constructability reviews, management coordination, and as-built status documentation, enhancing both efficiency and accuracy.

In 2024, Hip Hing advanced this innovation further with the launch of a mobile MiC (Modular Integrated Construction) BIM CAVE. Designed for flexibility and rapid deployment, the mobile unit significantly reduces the need for stakeholder travel while enabling seamless onsite collaboration. Through collaboration with CLPe, the mobile solution is powered by newly adopted high-energy output power banks and other advanced MiC technologies, enabling stable, high-performance operation in diverse environments.

By integrating training, visualization, and coordination into a single cohesive platform, the Mobilized BIM CAVE Experience reinforces Hip Hing’s commitment to digital transformation, operational excellence, and the future of smart, connected construction ecosystems.

About Enterprise Asia

Enterprise Asia is a non-governmental organization in pursuit of creating an Asia that is rich in entrepreneurship as an engine toward sustainable and progressive economic and social development within a world of economic equality. Its two pillars of existence are investment in people and responsible entrepreneurship. Enterprise Asia works with governments, NGOs, and other organizations to promote competitiveness and entrepreneurial development, uplifting the economic status of people across Asia and ensuring a legacy of hope, innovation, and courage for future generations. Please visit https://www.enterpriseasia.org/ for more information.

About the International Innovation Awards

The International Innovation Awards (IIA) is an annual recognition program that recognizes outstanding innovations, and in the process, encourages organizations to continue investing in innovations. For more information, visit www.innovationaward.org.

Everest Medicines Signs Share Purchase Agreement with Hasten Biopharmaceuticals (Asia) Limited

  • Accelerates Asia Pacific expansion by acquiring a ready-built regional commercial platform with 14 marketed chronic disease products
  • Aggregate consideration of USD250,000,000 (approximately RMB1,721,650,000), payable in three installments
  • Delivers near-term revenue and profitability with 2025 normalized revenue of US$82,232,000 (approximately RMB566,299,000) with an EBITDA of US$27,273,000 (approximately RMB187,818,000).
  • Strong synergies with Everest’s existing portfolio and enhances Everest’s position as a regional partner of choice for Chinese and global innovative assets

SHANGHAI, April 8, 2026 /PRNewswire/ — Everest Medicines (HKEX 1952.HK, “Everest”, or the “Company”), a biopharmaceutical company focused on the discovery, clinical development, manufacturing, and commercialization of innovative therapeutics, today announced that its wholly-owned subsidiary, EverSea Medicines (Singapore) Pte. Ltd., has entered into a Share Purchase Agreement with Hasten Biopharmaceuticals (Asia) Limited to conditionally acquire the entire equity interest in its wholly-owned subsidiary, Hasten Biopharmaceuticals (SG) Pte. Ltd.

The Acquisition will complement the Company’s existing pipeline, unlock significant synergies between its product portfolio and commercialization capabilities, strengthen its business profile, deepen its presence in strategically aligned markets, and further expand its scale and breadth of its business across the Asia Pacific region.

According to the agreement:

  • The aggregate consideration is USD250,000,000 (approximately RMB1,721,650,000), payable in three installments. The first installment of USD150,000,000 (approximately RMB1,032,990,000), representing 60% of the consideration, payable at Closing, subject to the satisfaction or waiver of the conditions precedent to Closing. The second and third installments of USD50,000,000 each (approximately RMB344,330,000 each), representing 20% of the consideration respectively, are expected to become due and payable during the first quarter of 2028 and the first quarter of 2029, respectively, subject to the satisfaction or waiver of the conditions precedent applicable to each installment.
  • The refundable deposit of RMB200,000,000 paid in accordance with the terms of the Letter of Intent shall be fully repaid by Hasten Biopharmaceuticals (Asia) Limited to the Company within 10 days after the Closing.
  • Upon Closing, Hasten Biopharmaceuticals (SG) Pte. Ltd. will become an indirect wholly-owned subsidiary of the Company and its financial results will be consolidated into the Company’s financial statements.

The Acquisition includes the Marketing Authorization Holder (MAH) rights, trademark and broad commercial rights for 14 branded chronic disease products owned by Hasten Biopharmaceuticals (SG) Pte. Ltd. across multiple countries and regions in the Asia Pacific region. For the financial year ended 31 December 2025, Hasten Biopharmaceuticals (SG) Pte. Ltd. recorded a normalized revenue of US$82,232,000 (approximately RMB566,299,000) with an EBITDA of US$27,273,000 (approximately RMB187,818,000).

Hasten Biopharmaceuticals (SG) Pte. Ltd. is principally engaged in the commercialization of prescription pharmaceutical products, with a strategic focus on chronic diseases and acute/critical care, particularly in the cardiovascular and metabolic segments. It has established a mature pan-Asia-Pacific commercialization platform supported by an experienced local team of approximately 120 dedicated field forces. With over 2 billion people in the core Asia Pacific market, the Asia Pacific region has a large and growing patient base and continues to face substantial unmet medical needs, particularly in chronic disease management.

Everest’s product pipeline is focused on chronic disease therapeutic areas, including CKM (cardiovascular, kidney, and metabolic diseases), and the Company has established a leading innovative drug commercialization platform for chronic diseases in China. Beyond Mainland China, the Company’s commercialized products, including NEFECON®, VELSIPITY® and XERAVA®, are progressing through new drugs application (NDA) approvals and reimbursement processes in authorized Asian markets. The Acquisition is expected to accelerate the commercialization of the Company’s existing products in Asian markets, support a faster ramp-up in overseas revenue contribution, and represent an important step in the Company’s broader regional expansion strategy.

The Company also believes that the coming years may represent an important window of opportunity for the accelerated adoption of innovative Chinese medicines into the Asia Pacific region. Chinese innovation is becoming increasingly competitive in clinical value, affordability and accessibility, with growing alignment to the needs of healthcare systems and patients across the region. At the same time, regulatory pathways, market access frameworks and awareness of innovative therapies continue to improve. In such an environment, long-term success will depend not only on the quality of product assets, but also on the ability to build localized capabilities across regulatory, market access, medical affairs and commercialization which would create a competitive advantage for the Company in this growing region.

Everest Medicines is committed to becoming a leading global biopharmaceutical company in Asia. This acquisition would enable the Company to extend into the Asia Pacific region the commercialization capabilities it has already built and validated in China. This would allow the Company to strengthen its regional footprint, accelerate market entry and execution for both existing and future products, and build the infrastructure and local know-how required to support broader overseas expansion over time.

About Everest Medicines

Everest Medicines is a biopharmaceutical company focused on discovering, developing, manufacturing and commercializing innovative pharmaceutical products that address critical unmet medical needs for patients in global markets. The management team of Everest Medicines has deep expertise and an extensive track record both in China and with leading global pharmaceutical companies.

The Company’s therapeutic areas of focus include CKM (cardiovascular, kidney, and metabolic), autoimmune, ophthalmology and critical care. Everest Medicines has developed a fully integrated commercialization platform that combines omnichannel commercial capabilities with end-to-end product lifecycle management. Leveraging its proprietary mRNA platform, the Company is advancing its existing pipeline, including mRNA in vivo CAR-T and mRNA cancer vaccines, while selectively expanding into additional high-value therapeutic areas with blockbuster potential, and accelerating its global expansion. For more information, please visit the Company’s website: www.everestmedicines.com.

About Hasten Biopharmaceuticals (Asia) Limited and Hasten Biopharmaceuticals (SG) Pte. Ltd.

Hasten Biopharmaceuticals (Asia) Limited is a company incorporated in the Cayman Islands with limited liability and is principally engaged in investment holding.

Hasten Biopharmaceuticals (SG) Pte. Ltd. is a company incorporated in Singapore with limited liability and principally engaged in commercialization of prescription pharmaceutical products with strategic focus on chronic diseases and acute/critical care areas, in particular in the cardiovascular and metabolism segments. Hasten Biopharmaceuticals (SG) Pte. Ltd. holds the asset rights, including Marketing Authorization Holder (MAH) rights, trademark and broad commercial rights for 14 branded chronic disease products across multiple countries and regions in the Asia Pacific region.

Forward-Looking Statements:

This news release may make statements that constitute forward-looking statements, including descriptions regarding the intent, belief or current expectations of the Company or its officers with respect to the business operations and financial condition of the Company, which can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. Such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, or other factors, some of which are beyond the control of the Company and are unforeseeable. Therefore, the actual results may differ from those in the forward-looking statements as a result of various factors and assumptions, such as future changes and developments in our business, competitive environment, political, economic, legal and social conditions. The Company or any of its affiliates, directors, officers, advisors or representatives has no obligation and does not undertake to revise forward-looking statements to reflect new information, future events or circumstances after the date of this news release, except as required by law.