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Creativity 2030 • 5th International Forum Held in Beijing

Exploring New Pathways for the Development of “AI + Culture”

BEIJING, March 27, 2026 /PRNewswire/ — On March 27, the Creativity 2030 • 5th International Forum was held in Shougang Park, Beijing. This forum, jointly organized by the International Centre for Creativity and Sustainable Development under the auspices of UNESCO and the UNESCO Regional Office for East Asia, focused on the theme of “AI + Culture: Empowering Sustainable Development.” It brought together over 150 participants, including leaders of international organizations, experts, scholars, and representatives from the business sector across more than 10 countries and regions worldwide, as well as government officials, enterprises, institutions, and academic representatives from over 20 cities across China. Participants engaged in multifaceted dialogues and exchanges on topics including the preservation of cultural expression diversity in the AI era, as well as the transformation and sustainable development of creative industries.


This is the first “AI + Culture” themed forum held by UNESCO in China. During the forum, the UNESCO Regional Office for East Asia officially announced the launch of the “2026-2027 TechCul Dialogues: AI + Culture in East and Southeast Asia.” The “2025 Cases on Protecting and Promoting the Diversity of Cultural Expressions in the Digital Environment,” organized by the International Centre for Creativity and Sustainable Development under the auspices of UNESCO, were simultaneously released.

 

Smartee Denti-Technology Expands Southeast Asian Footprint with Strategic Launch in Malaysia, Empowering Clinicians with AI-Driven Orthodontics

KUALA LUMPUR, Malaysia, March 27, 2026 /PRNewswire/ — Smartee Denti-Technology, a global innovator in clear aligner solutions, has officially announced its strategic entry into Malaysia. The milestone was marked by a specialized full-day clinical conference at Hilton Kuala Lumpur on March 16, gathering over 70 dental professionals, including orthodontic specialists, general practitioners, and university faculty members from across the country.

This launch marks a significant step in Smartee’s strategy to deepen its presence in one of Southeast Asia’s most dynamic and rapidly evolving orthodontic markets.

Smartee Denti-Technology Launches in Malaysia
Smartee Denti-Technology Launches in Malaysia

Aligning with Malaysia’s Evolving Orthodontic Landscape

Smartee’s entry comes at a time of significant growth in Malaysia’s clear aligner sector. This growth is primarily driven by increasing public awareness of dental hygiene, dental aesthetics, rising disposable incomes, and rapid technological advancements in clear aligner therapy. 

In key urban centers such as Kuala Lumpur, Penang, and Johor Bahru, invisible orthodontics has gained substantial traction. Consumers are actively seeking discreet, efficient alternatives to traditional braces, creating a strong demand for predictable and advanced clear aligner therapies. 

Speaker: Dr. Vicente Torres
Speaker: Dr. Vicente Torres

Clinical Excellence: Redefining the Standard of Care

To address the high clinical standards of local practitioners, Dr. Vicente Torres led a rigorous, full-day curriculum showcasing Smartee’s comprehensive ecosystem, including the Smartee GS, α (Alpha), GE, Teen, and Kinder series.

Moving beyond basic teeth alignment, the sessions provided a deep dive into advanced biomechanics. Dr. Torres highlighted Smartee’s capabilities in precise root control, torque customization, and seamless integration with TADs (Temporary Anchorage Devices). He also demonstrated how proprietary AI-driven tools within the SmarteeCheck software—such as Live 3D and Live Update—enable real-time alignment design and 3D modifications. This ensures that AI accelerates treatment planning while keeping the ultimate treatment control firmly in the clinician’s hands.

A major highlight was the exploration of treatment predictability. By outlining clear clinical protocols across the sagittal, vertical, and transverse planes, and defining specific treatment limits based on age, bone biology, and malocclusion types, the curriculum equipped Malaysian clinicians with the exact knowledge needed to set realistic expectations and deliver biologically sound outcomes.

A Strategic, Long-Term Commitment to Malaysia

Attendees at the event
Attendees at the event

The enthusiastic engagement from Malaysian clinicians confirmed a market readiness for deeper, more sophisticated orthodontic partnerships.

Smartee’s expansion into Malaysia is a long-term strategic commitment. Supported by a network of over 99,000 partner doctors across 57 countries and four global production bases (including state-of-the-art facilities in China and Spain), the company brings decades of R&D expertise and intelligent manufacturing capabilities to the local market.

“Smartee is committed to being a true, long-term partner for clinicians here in Malaysia,” commented Mr. Garie Zhou, Director of International Business and Business Development at Smartee. “We bring not just advanced aligner products, but the clinical depth, rigorous biomechanical logic, and continuous educational support that this maturing market demands. Our ultimate goal is to empower practitioners to deliver predictable, efficient treatment results, and together, raise the standard of dental health across this dynamic region.”

51Talk Online Education Group Announces the Results for the Fourth Quarter and Full Year 2025

SINGAPORE, March 27, 2026 /PRNewswire/ — 51Talk Online Education Group (“51Talk” or the “Company”) (NYSE American: COE), a global online education platform with core expertise in English education, announced its unaudited results for the fourth quarter and full year ended December 31, 2025.

Full Year 2025 Financial and Operating Highlights

  • Gross billings[1] for 2025 were US$127.6 million, an 83.4% growth from US$69.6 million for 2024.
  • Net revenues were US$95.6 million for 2025, an 88.6% increase from US$50.7 million for 2024.
  • The number of active students with attended lesson consumption was approximately 170,300 in 2025, representing a 79.3% increase from approximately 95,000 for 2024.
  • Operating cash inflow for 2025 was US$11.8 million.

Fourth Quarter 2025 Financial and Operating Highlights

  • Gross billings for the fourth quarter of 2025 were US$36.8 million, a 72.0% growth from US$21.4 million for the fourth quarter of 2024.
  • Net revenues were US$30.6 million for the fourth quarter of 2025, an 88.6% increase from US$16.2 million for the fourth quarter of 2024.
  • The number of active students with attended lesson consumption was approximately 126,700 in the fourth quarter of 2025, representing a 70.8% increase from approximately 74,200 for the fourth quarter of 2024.
  • Operating cash inflow for the fourth quarter of 2025 was US$3.1 million.

Key Financial and Operating Data

For the three months ended

For the year ended

Jun. 30,

Sept. 30,

Dec. 31,

Dec. 31,

2025

2025

2025

2025

Net Revenues (in US$ millions)

20.4

26.3

30.6

95.6

Gross Margin

74.5 %

73.2 %

72.4 %

73.9 %

Gross Billings (in US$ millions)

28.5

40.5

36.8

127.6

Active students with attended lesson consumption[2]

(in thousands)

91.3

112.6

126.7

170.3

 

[1] Gross billings for a specific period, which is one of the Company’s key operating data, is defined as the total amount of cash received and receivable from third party payment platforms for the sale of course packages and services in such period, net of the total amount of refunds in such period. The gross billings data included herein was from the Company’s business system and converted with quarterly corresponding exchange rate, which may lead to differences with bank records.

[2] An “active student with attended lesson consumption” for a given period refers to a student who attended at least one paid lesson, excluding those students who only attended paid live broadcasting lessons or trial lessons.

“2025 has been a transformational year for 51Talk, as we began to reap the rewards of the strategic investments made over the past several years. Full-year gross billings reached US$127.6 million, representing year-over-year growth of 83.4%, while net revenues grew 88.6% year-over-year to US$95.6 million. These results mark a significant milestone, as gross billings surpassed and net revenues approached the US$100 million threshold for the first time since we embarked on our global expansion strategy, providing compelling validation that our business model can scale effectively on a global basis,” stated Jack Jiajia Huang, Founder, Chairman, and Chief Executive Officer of 51Talk.

“Net operating cash inflow also surpassed the US$10 million mark, reaching US$11.8 million in 2025 — further evidence that we are building a sustainable and scalable business. Looking ahead to 2026, we are committed to expanding our growth trajectory based on the foundation we built over the past years. We are focused on consolidating the transformational gains of the past year and further enhancing our user experience. We will continue to invest prudently in our platform, our tutors, and our AI capabilities, while making meaningful progress toward profitability,” concluded Jack Jiajia Huang.

Fourth Quarter 2025 Financial Results

Net Revenues and Gross Margin

Net revenues for the fourth quarter of 2025 were US$30.6 million, an 88.6% increase from US$16.2 million for the same quarter last year. The number of active students with attended lesson consumption was approximately 126,700 in the fourth quarter of 2025, a 70.8% increase from approximately 74,200 for the same quarter last year.

Cost of revenues for the fourth quarter of 2025 was US$8.4 million, representing a 131.2% increase from US$3.7 million for the same quarter last year. The increase was primarily due to the increase in total service fees paid to teachers, mainly resulting from an increased number of paid lessons coupled with strategic incentives offered to attract and retain premium tutors to support our rapid market expansion.

Gross profit for the fourth quarter of 2025 was US$22.2 million, representing a 76.2% increase from US$12.6 million for the same quarter last year.

Gross margin for the fourth quarter of 2025 was 72.4%, compared with 77.5% for the same quarter last year.

Operating Expenses

Total operating expenses for the fourth quarter of 2025 were US$27.4 million, representing a 103.6% increase from US$13.4 million for the same quarter last year. The increase was mainly due to the increase in sales and marketing expenses.

Sales and marketing expenses for the fourth quarter of 2025 were US$20.4 million, representing a 101.6% increase from US$10.1 million for the same quarter last year. The increase was primarily attributable to the rise in marketing and branding expenses resulting from intensified marketing and branding activities, as well as higher sales personnel costs related to increases in the number of sales and marketing personnel. Excluding share-based compensation expenses, non-GAAP sales and marketing expenses for the fourth quarter of 2025 were US$20.3 million, representing a 101.4% increase from US$10.1 million for the same quarter last year.

Product development expenses for the fourth quarter of 2025 were US$1.6 million, representing a 72.2% increase from US$0.9 million for the same quarter last year. Excluding share-based compensation expenses, non-GAAP product development expenses for the fourth quarter of 2025 were US$1.6 million, representing a 76.9% increase from US$0.9 million for the same quarter last year.

General and administrative expenses for the fourth quarter of 2025 were US$5.4 million, representing a 123.9% increase from US$2.4 million for the same quarter last year. Excluding share-based compensation expenses, non-GAAP general and administrative expenses for the fourth quarter of 2025 were US$5.1 million, representing a 127.5% increase from US$2.2 million for the same quarter last year.

Loss from Operations

Operating loss for the fourth quarter of 2025 was US$5.2 million, compared with operating loss of US$0.9 million for the same quarter last year.

Non-GAAP operating loss for the fourth quarter of 2025 was US$4.8 million, compared with non-GAAP operating loss of US$0.7 million for the same quarter last year.

Net Loss Attributable to the Company’s Ordinary Shareholders

Net loss attributable to the Company’s ordinary shareholders for the fourth quarter of 2025 was US$6.5 million, compared with net loss of US$1.4 million for the same quarter last year.

Excluding share-based compensation expenses of US$0.3 million, non-GAAP net loss attributable to the Company’s ordinary shareholders for the fourth quarter of 2025 was US$6.1 million, compared with non-GAAP net loss of US$1.2 million for the same quarter last year.

Basic and diluted net loss per share attributable to ordinary shareholders for the fourth quarter of 2025 was US$0.02, compared with basic and diluted net loss per share of US$0.004 for the same quarter last year.

Excluding share-based compensation expenses of US$0.3 million, non-GAAP basic and diluted net loss per share attributable to ordinary shareholders for the fourth quarter of 2025 was US$0.02, compared with non-GAAP basic and diluted net loss per share attributable to ordinary shareholders of US$0.003 for the same quarter last year.

Basic and diluted net loss per American depositary share (“ADS”) attributable to ordinary shareholders for the fourth quarter of 2025 was US$1.08, compared with basic and diluted net loss per ADS of US$0.24 for the same quarter last year. Each ADS represents 60 Class A ordinary shares.

Excluding share-based compensation expenses of US$0.3 million, non-GAAP basic and diluted net loss per ADS attributable to ordinary shareholders for the fourth quarter of 2025 was US$1.03, compared with non-GAAP basic and diluted net loss per ADS attributable to ordinary shareholders of US$0.20 for the same quarter last year.

Balance Sheet

As of December 31, 2025, the Company had total cash, cash equivalents, time deposits of US$39.0 million, compared with US$29.2 million as of December 31, 2024.

The Company had advances from students[3] of US$76.6 million as of December 31, 2025, compared with US$45.1 million as of December 31, 2024.

[3] “Advances from students” is defined as the amount of obligation to transfer goods or service to students or business partners for which consideration has been received from students in advance. The deposits from students are also presented in the total amount of “advances from students.”

Full Year 2025 Financial Results

Net Revenues and Gross Margin

Net revenues for 2025 were US$95.6 million, representing an 88.6% increase from US$50.7 million for 2024. The number of active students with attended lesson consumption was approximately 170,300 for 2025, a 79.3% increase from approximately 95,000 for the last year.

Cost of revenues for 2025 was US$24.9 million, representing a 123.4% increase from US$11.2 million for 2024. The increase was primarily due to the increase in total service fees paid to teachers, mainly resulting from an increased number of paid lessons.

Gross profit for 2025 was US$70.7 million, representing a 78.8% increase from US$39.5 million for 2024.

Gross margin for 2025 was 73.9%, compared with 78.0% for 2024.

Operating Expenses

Total operating expenses for 2025 were US$85.1 million, representing a 78.8% increase from US$47.6 million for 2024. The increase was mainly due to the increase in sales and marketing expenses and general and administrative expenses. 

Sales and marketing expenses for 2025 were US$62.3 million, representing an 86.6% increase from US$33.4 million for 2024. The increase was primarily attributable to the rise in marketing and branding expenses resulting from intensified marketing and branding activities, as well as higher sales personnel costs related to increases in the number of sales and marketing personnel.  Excluding share-based compensation expenses, non-GAAP sales and marketing expenses for 2025 were US$62.0 million, representing an 86.3% increase from US$33.3 million for 2024.

Product development expenses for 2025 were US$5.5 million, representing a 53.3% increase from US$3.6 million for 2024. Excluding share-based compensation expenses, non-GAAP product development expenses for 2025 were US$5.4 million, representing a 57.1% increase from US$3.5 million for 2024.

General and administrative expenses for 2025 were US$17.3 million, representing a 63.0% increase from US$10.6 million for 2024. The increase was primarily due to higher administrative personnel costs related to the increase in the number of general and administrative personnel. Excluding share-based compensation expenses, non-GAAP general and administrative expenses for 2025 were US$16.3 million, representing a 64.8% increase from US$9.9 million for 2024.

Loss from Operations

Operating loss for 2025 was US$14.4 million, compared with operating loss of US$8.0 million for 2024.

Excluding share-based compensation expenses of US$1.3 million, non-GAAP operating loss for 2025 was US$13.1 million, compared with non-GAAP operating loss of US$7.1 million for 2024.

Net Loss Attributable to the Company’s Ordinary Shareholders

Net loss for 2025 was US$16.8 million, compared with net loss of US$7.2 million for 2024.

Excluding share-based compensation expenses of US$1.3 million, non-GAAP net loss for 2025 was US$15.5 million, compared with non-GAAP net loss of US$6.3 million.

Basic and diluted net loss per share attributable to ordinary shareholders for 2025 was US$0.05, compared with basic and diluted net loss per share of US$0.02 for 2024.

Excluding share-based compensation expenses of US$1.3 million, non-GAAP basic and diluted net loss per share attributable to ordinary shareholders for 2025 was US$0.04, compared with non-GAAP basic and diluted net loss per share attributable to ordinary shareholders of US$0.02 for 2024.

Basic and diluted net loss per American depositary share attributable to ordinary shareholders for 2025 was US$2.84, compared with basic and diluted net loss per ADS of US$1.25 for 2024. Each ADS represents 60 Class A ordinary shares.

Excluding share-based compensation expenses of US$1.3 million, non-GAAP basic and diluted net loss per ADS attributable to ordinary shareholders for 2025 was US$2.62, compared with non-GAAP basic and diluted net loss per ADS attributable to ordinary shareholders of US$1.09, for 2024.

Outlook

For the first quarter of 2026, the Company currently expects net gross billings to be between US$29.0 million and US$31.0 million, which would represent a sequential decrease of 15.7% to 21.2% and an increase of approximately 32.2% to 41.4% from the same quarter in 2025.

The above outlook is based on current market conditions and reflects the Company’s current and preliminary estimates of market and operating conditions and customer demand, which are all subject to change.

Conference Call

The Company’s management will host an earnings conference call at 8:00 AM U.S. Eastern Time on March 27, 2026 (8:00 PM Singapore/Hong Kong time on March 27, 2026).

Dial-in details for the earnings conference call are as follows:

United States (toll free):

1-888-346-8982

International:

1-412-902-4272

Mainland China (toll free):

4001-201203

Hong Kong (toll free):

800-905945

Web phone

click here

Participants should dial-in at least 5 minutes before the scheduled start time and ask to be connected to the call for “51Talk Online Education Group.”

Additionally, a live and archived webcast of the conference call will be available on the Company’s investor relations website at http://ir.51talk.com.

A replay of the conference call will be accessible until April 3 2026, by dialing the following telephone numbers:

United States (toll free):

1-855-669-9658

International:

1-412-317-0088

Replay Access Code:

7144082

About 51Talk Online Education Group

51Talk Online Education Group (NYSE American: COE) is a global online education platform with core expertise in English education. The Company’s online and mobile education platforms enable students to take live interactive English lessons on demand. The Company connects its students with highly qualified teachers using a shared economy approach, and employs student and teacher feedback and data analytics to deliver a personalized learning experience to its students.  

Use of Non-GAAP Financial Measures

In evaluating its business, 51Talk considers and uses the following measures defined as non-GAAP financial measures by the SEC as supplemental metrics to review and assess its operating performance: non-GAAP sales and marketing expenses, non-GAAP product development expenses, non-GAAP general and administrative expenses, non-GAAP operating expenses, non-GAAP operating income/(loss), non-GAAP net income/(loss), non-GAAP net income/(loss) attributable to ordinary shareholders, and non-GAAP net income/(loss) attributable to ordinary shareholders per share and per ADS. To present each of these non-GAAP measures, the Company excludes share-based compensation expenses. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. For more information on these non-GAAP financial measures, please see the table captioned “Reconciliations of non-GAAP measures to the most comparable GAAP measures” set forth at the end of this press release.

51Talk believes that these non-GAAP financial measures provide meaningful supplemental information regarding its performance by excluding share-based compensation expenses that may not be indicative of its operating performance from a cash perspective. 51Talk believes that both management and investors benefit from these non-GAAP financial measures in assessing its performance and when planning and forecasting future periods. These non-GAAP financial measures also facilitate management’s internal comparisons to 51Talk’s historical performance. 51Talk computes its non-GAAP financial measures using the same consistent method from quarter to quarter and from period to period. 51Talk believes these non-GAAP financial measures are useful to investors in allowing for greater transparency with respect to supplemental information used by management in its financial and operational decision-making. A limitation of using non-GAAP measures is that these non-GAAP measures exclude share-based compensation expenses that have been and will continue to be for the foreseeable future a significant recurring expense in the 51Talk’s business. Management compensates for these limitations by providing specific information regarding the GAAP amounts excluded from each non-GAAP measure. The accompanying table at the end of this press release provides more details on the reconciliations between GAAP financial measures that are most directly comparable to non-GAAP financial measures.

Safe Harbor Statement

This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will”, “expects”, “anticipates”, “aims”, “future”, “intends”, “plans”, “believes”, “estimates”, “likely to” and similar statements. Among other things, 51Talk’s quotations from management in this announcement, as well as 51Talk’s strategic and operational plans, contain forward-looking statements. 51Talk may also make written or oral forward-looking statements in its periodic reports to the Securities and Exchange Commission (“SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about 51Talk’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: 51Talk’s goals and strategies; 51Talk’s expectations regarding demand for and market acceptance of its brand and platform; 51Talk’s ability to retain and increase its student enrollment; 51Talk’s ability to offer new courses; 51Talk’s ability to engage, train and retain new teachers; 51Talk’s future business development, results of operations and financial condition; 51Talk’s ability to maintain and improve infrastructure necessary to operate its education platform; competition in the online education industry in its international markets; the expected growth of, and trends in, the markets for 51Talk’s course offerings in its international markets; relevant government policies and regulations relating to 51Talk’s corporate structure, business and industry; general economic and business condition in the Philippines, its international markets and elsewhere; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in 51Talk’s filings with the SEC. All information provided in this press release is as of the date of this press release, and 51Talk does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

 

51TALK ONLINE EDUCATION GROUP

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands)

 As of

Dec. 31,

Dec. 31,

2024

2025

US$

US$

ASSETS

Current assets

Cash and cash equivalents

27,758

38,869

Time deposits

1,430

93

Prepaid expenses and other current assets

10,906

21,435

Total current assets

40,094

60,397

Non-current assets

Property and equipment, net

363

1,998

Intangible assets, net

80

68

Right-of-use assets

2,888

3,211

Deferred tax assets

57

77

Other non-current assets

460

341

Total non-current assets

3,848

5,695

Total assets

43,942

66,092

LIABILITIES

AND SHAREHOLDERS’ DEFICITS

Current liabilities

Advances from students

45,064

76,569

Accrued expenses and other current liabilities

6,644

12,464

Amounts due to related parties

2,853

3,333

Lease liabilities

1,242

1,764

Taxes payable

1,100

1,226

Total current liabilities

56,903

95,356

Non-current liabilities

Lease liabilities

1,441

1,177

Other non-current liabilities

310

360

Deferred tax liabilities

452

Total non-current liabilities

1,751

1,989

Total liabilities

58,654

97,345

Total shareholders’ deficits

(15,000)

(31,357)

Noncontrolling interests

288

104

Total deficits

(14,712)

(31,253)

Total liabilities and shareholders’ deficits

43,942

66,092

 

51TALK ONLINE EDUCATION GROUP

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands except for number of shares and per share data)

For the three months ended

For the year ended

Dec. 31,

Sep. 30,

Dec. 31,

Dec. 31,

Dec. 31,

2024

2025

2025

2024

2025

US$

US$

US$

US$

US$

Net revenues

16,236

26,334

30,622

50,692

95,601

Cost of revenues

(3,651)

(7,067)

(8,442)

(11,164)

(24,944)

Gross profit

12,585

19,267

22,180

39,528

70,657

Operating expenses

Sales and marketing expenses

(10,121)

(17,697)

(20,408)

(33,388)

(62,307)

Product development expenses

(933)

(1,581)

(1,607)

(3,571)

(5,476)

General and administrative

expenses

(2,389)

(4,572)

(5,350)

(10,615)

(17,303)

Total operating expenses

(13,443)

(23,850)

(27,365)

(47,574)

(85,086)

Loss from operations

(858)

(4,583)

(5,185)

(8,046)

(14,429)

Interest income

27

138

142

229

358

Other expenses/(income), net

(421)

(482)

(777)

771

(1,545)

Loss before income tax expenses

(1,252)

(4,927)

(5,820)

(7,046)

(15,616)

Income tax expenses

(162)

(264)

(652)

(276)

(1,242)

Net loss

(1,414)

(5,191)

(6,472)

(7,322)

(16,858)

Net loss attributable to noncontrolling interests

(36)

(10)

(12)

(87)

(54)

Net loss attributable to the Company’s ordinary shareholders

(1,378)

(5,181)

(6,460)

(7,235)

(16,804)

Weighted average number of

ordinary shares used in computing

basic and diluted loss per share

348,918,600

356,502,442

357,904,007

347,119,359

355,001,931

 

51TALK ONLINE EDUCATION GROUP

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands except for number of shares and per share data)

For the three months ended

For the year ended

Dec. 31,

Sep. 30,

Dec. 31,

Dec. 31,

Dec. 31,

2024

2025

2025

2024

2025

US$

US$

US$

US$

US$

Net loss per share attributable to ordinary shareholders

Basic and diluted

(0.00)

(0.01)

(0.02)

(0.02)

(0.05)

Net loss per ADS attributable to ordinary shareholders

Basic and diluted

(0.24)

(0.87)

(1.08)

(1.25)

(2.84)

Share-based compensation expenses are included in the operating expenses as follows:

Sales and marketing expenses

(30)

(98)

(82)

(117)

(322)

Product development expenses

(32)

(13)

(13)

(118)

(53)

General and administrative expenses

(145)

(255)

(246)

(699)

(956)

 

51TALK ONLINE EDUCATION GROUP

Reconciliation of Non-GAAP Measures to the Most Comparable GAAP Measures

(In thousands except for number of shares and per share data)

For the three months ended

For the year ended

Dec. 31,

Sep. 30,

Dec. 31,

Dec. 31,

Dec. 31,

2024

2025

2025

2024

2025

US$

US$

US$

US$

US$

Sales and marketing expenses

(10,121)

(17,697)

(20,408)

(33,388)

(62,307)

Less: Share-based compensation expenses

(30)

(98)

(82)

(117)

(322)

Non-GAAP sales and marketing expenses

(10,091)

(17,599)

(20,326)

(33,271)

(61,985)

Product development expenses

(933)

(1,581)

(1,607)

(3,571)

(5,476)

Less: Share-based compensation expenses

(32)

(13)

(13)

(118)

(53)

Non-GAAP product development expenses

(901)

(1,568)

(1,594)

(3,453)

(5,423)

General and administrative expenses

(2,389)

(4,572)

(5,350)

(10,615)

(17,303)

Less: Share-based compensation expenses

(145)

(255)

(246)

(699)

(956)

Non-GAAP general and administrative

expenses

(2,244)

(4,317)

(5,104)

(9,916)

(16,347)

Operating expenses

(13,443)

(23,850)

(27,365)

(47,574)

(85,086)

Less: Share-based compensation expenses

(207)

(366)

(341)

(934)

(1,331)

Non-GAAP operating expenses

(13,236)

(23,484)

(27,024)

(46,640)

(83,755)

Loss from operations

(858)

(4,583)

(5,185)

(8,046)

(14,429)

Less: Share-based compensation expenses

(207)

(366)

(341)

(934)

(1,331)

Non-GAAP loss from operations

(651)

(4,217)

(4,844)

(7,112)

(13,098)

 

51TALK ONLINE EDUCATION GROUP

Reconciliation of Non-GAAP Measures to the Most Comparable GAAP Measures

 (In thousands except for number of shares and per share data)

For the three months ended

For the year ended

Dec. 31,

Sep. 30,

Dec. 31,

Dec. 31,

Dec. 31,

2024

2025

2025

2024

2025

US$

US$

US$

US$

US$

Income tax expenses

(162)

(264)

(652)

(276)

(1,242)

Less: Tax impact of Share-based compensation

expenses

Non-GAAP income tax expenses

(162)

(264)

(652)

(276)

(1,242)

Net loss, all attributable to the Company’s ordinary

shareholders

(1,378)

(5,181)

(6,460)

(7,235)

(16,804)

Less: Share-based compensation expenses

(207)

(366)

(341)

(934)

(1,331)

Non-GAAP net loss, all attributable to the

Company’s ordinary shareholders

(1,171)

(4,815)

(6,119)

(6,301)

(15,473)

Weighted average number of ordinary shares used in

computing basic and diluted loss per share

348,918,600

356,502,442

357,904,007

347,119,359

355,001,931

Non-GAAP net loss per share attributable to ordinary shareholders

   Basic and Diluted

(0.00)

(0.01)

(0.02)

(0.02)

(0.04)

Non-GAAP net loss per ADS attributable to ordinary shareholders

   Basic and Diluted

(0.20)

(0.81)

(1.03)

(1.09)

(2.62)

*The previously reported unaudited quarterly financial information for the relevant periods has been revised to reflect certain immaterial adjustments, primarily related to the refinement of

expense recognition cutoffs during the year-end financial reporting process.

 

NamiBox Expands into AI Educational Companion Devices with NAMI COMPANION Series, Introducing a New Growth Vector in Smart Learning Hardware

SHANGHAI, March 27, 2026 /PRNewswire/ — NamiBox, the education technology brand of Nasdaq-listed Jinxin Technology Holding Company (Nasdaq: NAMI), today announced the launch of its AI-powered learning companions for K12 children—more than devices , branded the NAMI COMPANION Series, marking the Company’s expansion into a new category of smart learning hardware.


The NAMI COMPANION Series introduces a differentiate”More than companionship and Companionship to for”model, combining emotional engagement with structured educational content. Targeted at children aged 3 to 12, this product supports all scenarios for children, delivering constant companionship not only indoors via Wi-Fi but also outdoors with cellular connectivity, extending NamiBox’s learning ecosystem beyond traditional screen-based formats. The initial product lineup will include Bululu and Damoon, two AI-powered companion figures developed to deliver personalised, interactive learning experiences.

This expansion builds on the Company’s recent launch of its AI learning glasses, NAMI INSIGHT Series, reinforcing its strategy to develop a multi-device, AI-driven learning ecosystem. Together, these offerings reflect NamiBox’s transition from a digital content provider into a broader “content + hardware” platform, creating multiple touchpoints for user engagement and long-term value creation.

We see AI transforming how learning is delivered and experienced,” said Jin Xu, CEO of Jinxin Technology. “Our strategy is to integrate AI, content, and hardware into a unified platform, expanding user engagement while building sustainable, recurring value over time.

At the product level, the NAMI COMPANION Series integrates a multimodal interaction system, enabling natural voice-based engagement and responsive interaction. Built on NamiBox’s proprietary, curriculum-aligned content and AI capabilities, the devices support personalised learning experiences while maintaining a strong focus on usability and accessibility for younger users. The companion-based design aims to reduce friction in learning adoption, aligning with increasing demand for more engaging and intuitive educational tools.

From a market perspective, the launch comes as the global smart education hardware sector continues to expand, driven by rising demand for personalised and immersive learning solutions. As AI becomes a core layer in education delivery, the market is shifting toward intelligent, engagement-driven learning models that improve learning outcomes and user retention. Industry data indicates that the AI-enabled education hardware market is expected to reach significant scale over the coming years, supported by both consumer adoption and institutional interest.

Leveraging its established content ecosystem, user base, and data-driven insights, NamiBox is positioned to extend its platform into this adjacent hardware segment. The Company’s approach integrates device distribution with AI-driven content and services, supporting a model that combines initial hardware sales with recurring, value-added offerings over time.

Market observers note that the shift toward scenario-specific AI applications represents a key development in the broader EdTech landscape. By focusing on companion-based learning, NamiBox is targeting a high-frequency, high-engagement use case that has the potential to enhance user retention and deepen long-term monetisation pathways.

The NAMI COMPANION Series is expected to launch in April of 2026. The introduction of this new product category is intended to expand NAMI’s product portfolio, strengthen its position within the smart education ecosystem, and support the Company’s continued growth trajectory in the evolving AI-driven education market.

About Jinxin Technology Holding Company

Headquartered in Shanghai, China, Jinxin Technology Holding Company is an innovative provider of digital content and interactive communication services. Through its flagship platform NamiBox, the Company delivers intelligent, engaging, and curriculum-aligned products powered by advanced AI, AR, and digital human technologies.

Jinxin Technology works closely with China’s leading textbook publishers and educational platforms, providing AI-generated digital content for primary and middle school students. Its distribution channels include:

  • NamiBox, the Company’s flagship learning app
  • Telecom and broadcast operators
  • Third-party educational devices

For more information, please visit https://ir.namibox.com.  

Safe Harbor Statements

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident,” “potential,” “continue,” or other similar expressions. Jinxin may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about Jinxin’s beliefs, plans and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the Securities and Exchange Commission. All information provided in this announcement is as of the date of this announcement, and the Company undertakes no obligation to update such information, except as required under applicable law.

For Investor and Media Inquiries, Please Contact:

Jinxin Technology Holding Company
Investor Relations Department
Email: ir@namibox.com

 

Lufax Announces the Resignation of Its General Manager

SHANGHAI, March 27, 2026 /PRNewswire/ — Lufax Holding Ltd (NYSE: LU and HKEX: 6623), a leading financial services enabler for small business owners in China, today announced that Mr. Dongqi Chen has tendered his resignation as General Manager of the Company, effective March 31, 2026, due to his personal work arrangement.  

The Company would like to take this opportunity to express its appreciation to Mr. Chen for his significant contribution to the Company during his tenure of office.

About Lufax
Lufax is a leading financial services enabler for small business owners in China. Lufax offers financing products designed to address the needs of small business owners and others. In doing so, Lufax has established relationships with 85 financial institutions in China as funding partners, many of which have worked with Lufax for over three years.

Investor Relations Contact
Lufax Holding Ltd
Email: Investor_Relations@lu.com 

ICR, LLC
Robin Yang
Tel: +1 (646) 308-0546
Email: lufax.ir@icrinc.com

 

Zilliz Cloud Launches Native Cross-Region Disaster Recovery for Vector Databases

New Global Cluster and Global Endpoint capabilities deliver automated failover with near-zero downtime for enterprise AI applications

REDWOOD CITY, Calif., March 27, 2026 /PRNewswire/ — Zilliz, the company behind Milvus, the world’s most widely adopted open-source vector database, today announced native cross-region disaster recovery for Zilliz Cloud, making it the only vector database to offer automated cross-region failover with near-zero data loss and sub-60-second recovery times.

Recent high-profile cloud outages — including simultaneous AWS region failures in the Middle East, a 14.5-hour Azure outage, and cascading infrastructure incidents costing Fortune 500 companies billions — have exposed a critical gap in AI infrastructure resilience. With nearly 60% of employees now relying on AI-powered workflows daily, region-level failures no longer cause gradual slowdowns; they trigger immediate productivity cliffs across the enterprise.

“Cloud regions will fail — that’s not a prediction, it’s an operational certainty. What matters is whether your AI infrastructure can recover in seconds rather than hours. We built cross-region disaster recovery natively into Zilliz Cloud so that enterprises never have to choose between the performance of vector search and the resilience their applications demand.” said Charles Xie, Founder and CEO at Zilliz.

Why Cross-Region Disaster Recovery Matters for AI

Vector databases power critical enterprise AI workloads — from RAG pipelines and semantic search to recommendation engines and AI agents. Unlike stateless model inference, vector indexes containing hundreds of millions of vectors can take 18+ hours to rebuild, making traditional disaster recovery approaches impractical. Zilliz Cloud’s new capabilities address this with three complementary solutions:

  • Global Cluster: Real-time Change Data Capture (CDC) replication between primary and secondary clusters in different regions enables planned switchovers with zero data loss and automatic failover in under 60 seconds.
  • Global Endpoint: A single connection endpoint with SRV DNS-based routing automatically reroutes application traffic during failover — requiring no code changes, connection string updates, or application restarts.
  • Cross-Region Backup: Cost-effective backup replication to target regions with configurable retention policies, enabling recovery from any backup point for workloads where data durability is the priority.

Beyond disaster recovery, Global Cluster also enables latency optimization by placing replicas closer to end users, zero-downtime region migrations, and compliance with geographic data residency requirements.

Now Available

Cross-region disaster recovery capabilities are now available on Zilliz Cloud dedicated clusters across AWS, GCP, and Azure. Existing customers can activate Global Cluster and Global Endpoint from the Zilliz Cloud console. New users can create a free account with $100 in credits to get started. For enterprise deployments, connect with the Zilliz team.

About Zilliz

Zilliz is the company behind Milvus, the world’s most widely adopted open-source vector database. Zilliz Cloud brings that performance to production with a fully managed, cloud-native platform built for scalable, low-latency vector search and hybrid retrieval. It supports billion-scale workloads with sub-10ms latency, auto-scaling, and optimized indexes for GenAI use cases like semantic search and RAG.

Zilliz is built to make AI not just possible — but practical. With a focus on performance and cost-efficiency, it helps engineering teams move from prototype to production without overprovisioning or complex infrastructure. Over 10,000 organizations worldwide rely on Zilliz to build intelligent applications at scale.

Headquartered in Redwood Shores, California, Zilliz is backed by leading investors, including Aramco’s Prosperity 7 Ventures, Temasek’s Pavilion Capital, Hillhouse Capital, 5Y Capital, Yunqi Partners, Trustbridge Partners, and others. Learn more at Zilliz.com.

 

ELEGOO Makes PAX East Debut with Immersive 3D Printing Showcase, Featuring First Exhibition of Centauri Carbon 2 Combo

BOSTON, March 27, 2026 /PRNewswire/ — ELEGOO, a rapidly developing brand in global smart manufacturing, made its debut at PAX East, marking a major milestone as the brand steps onto one of the world’s most influential gaming stages. At the show, ELEGOO brought an interactive, hands-on 3D printing experience to attendees—bridging digital creativity and physical making like never before.

ELEGOO Booth at PAX EAST
ELEGOO Booth at PAX EAST

At the heart of ELEGOO’s booth is the first appearance of the Centauri Carbon 2 Combo at a major in-person exhibition. Positioned as a family-friendly multicolor desktop 3D printer, it is presented alongside ELEGOO’s flagship lineup, including the Saturn 4 Ultra 16K and the Centauri Carbon.

Creator-Led Experiences and Live Cosplay Interaction

Throughout the event, ELEGOO hosted popular creators and influencers who appeared on-site wearing 3D-printed gear and cosplay accessories. They engaged with fans, shared behind-the-scenes stories from their 3D printing journeys, and showcased how ELEGOO printers enable the creation of highly detailed, functional, and artistic models.

Hands-On 3D Printing Demonstrations

Attendees got up close with ELEGOO’s technology through live, hands-on demonstrations. The booth features real-time printing sessions, allowing visitors to observe the full workflow—from slicing to finished output—and gain a deeper understanding of how intuitive and user-friendly modern 3D printing can be.

Interactive Rewards and Exclusive Giveaways

Visitors who stop by the booth participated in interactive activities, including check-ins and surveys, for a chance to receive limited-edition branded merchandise and finely crafted 3D-printed models. Participants also gained access to exclusive PAX East coupons, reinforcing ELEGOO’s commitment to making advanced technology more accessible to a broader audience.

Where Gaming Meets 3D Printing

Highlighting the synergy between gaming and maker culture, ELEGOO showcased 3D-printed items inspired by iconic gaming IPs like Minecraft. These display pieces serve as both photo opportunities and proof-of-concept for how fans can bring digital worlds into physical reality through 3D printing.

By blending interactive storytelling, creator engagement, and hands-on exploration, ELEGOO’s presence at PAX East underscores its mission to provide unique and smart creation spaces for diverse consumers to enhance personalized experience.

About ELEGOO

Founded in 2015, ELEGOO is a rapidly developing brand in the global smart manufacturing industry, specializing in R&D, manufacturing, and sales of consumer-grade 3D printers, laser engravers, STEM kits, and other smart technology products. Located in Shenzhen, the Silicon Valley of China, the company has sold millions of products across more than 150 countries and regions. In 2025, the company’s total sales revenue surpassed 300 million USD, with more than 1000 employees and over 430,000 square meters of office and manufacturing area. With a focus on programming and 3D printing technology, ELEGOO provides unique and smart creation spaces for diverse consumers to enhance personalized experiences.

For more information, please visit Elegoo and social media platforms: Facebook, Instagram, X, YouTube, TikTok, Discord and Reddit.

Tezign Launches Generative Enterprise Agent (GEA): An Agentic AI Architecture for Real Business Workflows

SHANGHAI, March 27, 2026 /PRNewswire/ — As large language models rapidly enter enterprise environments, AI is evolving from Copilot-style assistance tools into agentic systems capable of understanding business objectives and continuously executing tasks. Tezign has officially launched its enterprise agent system GEA (Generative Enterprise Agent) and introduced a new enterprise Agentic AI paradigm centered on the System of Context as its core infrastructure—shifting AI from single-response generation toward proactive execution across real business workflows.

Unlike traditional generative AI systems that rely primarily on prompt-driven interactions, GEA uses enterprise context as the foundation for reasoning. This enables AI to understand brand guidelines, historical decision logic, customer assets, and operational processes, allowing it to participate in continuous, cross-functional business execution.
Agentic AI for business is emerging as a new paradigm distinct from foundation models alone—one that orchestrates models, tools, and contextual knowledge to reason over business goals and execute actions, rather than merely generating responses.

GEA is built on Tezign’s proprietary four-layer enterprise agent architecture:

  • Intent Layer
  • Orchestration Layer
  • Agent Skills Layer
  • Context Layer

The Intent Layer translates business objectives into structured execution paths, allowing the system to operate based on organizational goals rather than prompts.

The Orchestration Layer, powered by Tezign’s proprietary Creative Reasoning Model, performs task decomposition, multi-path reasoning, and model routing across more than 30 foundation models to dynamically determine optimal execution strategies. Unlike conventional language models optimized for convergent responses, the Creative Reasoning Model enables divergent reasoning across multiple strategy paths—supporting continuous exploration and optimization in complex enterprise decision scenarios.

The Agent Skills Layer provides more than 400 callable skill modules that transform enterprise workflows into reusable execution capabilities.

The Context Layer, built on the enterprise Context System, establishes a unified single source of truth that supports consistent reasoning and execution across all agents.


At the execution layer, GEA introduces GEA Claw as its Proactive Agent engine, enabling agents to continuously monitor internal and external business signals and automatically trigger next-step actions within defined operational boundaries. Unlike general-purpose agents designed for one-off operations, GEA Claw can dynamically leverage enterprise context systems, research assets, and skill modules to continuously advance strategy generation, content production, and decision optimization—allowing enterprises to operate a 24/7 agent execution network for the first time.

The foundational infrastructure supporting this capability is the System of Context. Through semantic recognition, structured indexing, and dynamic retrieval mechanisms, the system transforms brand assets, product knowledge, customer insights, project history, and decision logic—traditionally stored for human interpretation—into AI-native contextual networks accessible by agents. Combined with permission control and progressive context disclosure mechanisms, the System of Context ensures both enterprise-level security and operational efficiency, enabling all agents to reason and act on a shared organizational knowledge foundation.

To support enterprise transformation in the Agentic AI era, Tezign has established three core strategic offerings across technology, business, and organizational layers:

  • At the technology layer, Tezign provides GEA (Generative Enterprise Agent) as enterprise agent infrastructure;
  • At the business layer, Tezign delivers AI Fullstack solutions designed for real operational deployment across enterprise workflows;
  • At the organizational layer, Tezign introduces ABC+ (AI Builders & Creators +) to help enterprises upgrade talent structures and collaboration models for the agent-driven workplace.

Together, these offerings form a complete implementation framework for enterprise-scale Agentic AI adoption.

Built on the GEA architecture, Tezign has developed four domain-level enterprise agent systems covering critical operational workflows:

  • Insight & Research GEA
  • Content Ops & Distribution GEA
  • Design & Creation GEA
  • Product R&D GEA

These systems support consumer insight generation, content production and distribution, brand design system construction, and product innovation decision-making—transforming agent capabilities from isolated tools into cross-functional enterprise collaboration systems.

GEA has already been deployed across more than 180 global enterprise customers, including over 60 Fortune Global 500 companies.

As enterprise software shifts from workflow systems toward reasoning systems, the competitive frontier of AI is moving from model capability to contextual capability. The launch of GEA marks the transition of enterprise AI from the Copilot stage to the Proactive Agent stage, signaling a shift in which intelligent agents evolve from assistant tools into execution layers embedded directly within business operations.

Enterprise agent systems are now emerging as a new generation of infrastructure connecting organizational knowledge, operational workflows, and execution capabilities.