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Chime Biologics Supports Mabgeek to Enter the U.S. Phase III Trials for MG-K10

SHANGHAI, Feb. 21, 2025 /PRNewswire/ — Chime Biologics, a leading global CDMO that enables its partners’ success in biologics, today announced its continued collaboration with Mabgeek in advancing MG-K10, a potential Best-in-Class therapy, a novel IL-4Rα-targeting antibody drug for atopic dermatitis and asthma, into U.S. Phase III trials. Mabgeek had a successful End of Phase II meeting with the FDA, paving the way for its U.S. market entry.

Chime Biologics is committed to enabling Mabgeek in its strategic entry into the U.S. market and will continue to provide comprehensive CMC and regulatory support for the start of the Phase III clinical trials of MG-K10 after the positive End of Phase II meeting with the US FDA. This collaboration builds on the successful completion of the Process Performance Qualification (PPQ) milestone, which validated Chime Biologics’ robust manufacturing standards and regulatory compliance necessary for the drug’s advancement.

The strategic collaboration between Chime Biologics and Mabgeek, first announced in 2022, focusing on commercial manufacturing of cGMP 2000L drug substance and drug product, late-stage chemistry, manufacturing, and controls (CMC) development, and global registration for MG-K10. This novel therapy has the potential to compete with current blockbuster drug of the same class, which has achieved significant sales and market value.

Dr. Chenghai Zhang, CEO of Mabgeek, stated, “We are excited to bring MG-K10 to the U.S. market and Phase III trials. Its unique profile positions it as a potential leader in the IL-4Rα-targeting therapy market. We are currently preparing to initiate global multicenter clinical trials. Chime Biologics has been a reliable partner, impressing us with their technology and quality system. With their support, we’re excited to enter the U.S. market and anticipate their ongoing backing in Phase III trials and beyond.”

Dr. Jimmy Wei, President of Chime Biologics, added, “We are pleased to be a long-term partner with Mabgeek and are proud to support their journey to bring this innovative therapy to global patients in need. We are working with several clients on late-stage projects for U.S. and European marketing authorization. With our quality system that meets EU and US standards and our global regulatory experience, we are well-positioned to support Mabgeek’s Phase III trials and market entry in the U.S., where we believe MG-K10 can make a significant impact.”

About MG-K10

MG-K10 is an innovative long-acting anti-IL-4Rα humanized monoclonal antibody that simultaneously blocks the signaling of key type 2 inflammatory cytokines IL-4 and IL-13. Following Fc mutation, MG-K10 allows long dosing interval owing to its prolonged half-life, and it is expected to be the first long-acting anti-IL-4Rα monoclonal antibody marketed in China. The indication including AD, asthma, rhinosinusitis, prurigo nodularis, esophagitis, COPD and so on. The Phase II clinical results of MG-K10 in both AD and asthma confirmed that it has the potential to be Best-in-Class. In the Phase II moderate-to-severe AD trial, MG-K10 highly improved patients’ clinical signs and quality of life, while in the Phase II moderate-to-severe asthma trial, MG-K10 significantly improved lung function and clinical symptoms. While other launched anti-IL-4Rα therapeutics need to be dosed Q2W, MG-K10 is highly effective and well tolerated dosed Q4W. MG-K10 is in Phase III in AD, asthma and prurigo nodularis.

About Mabgeek

Mabgeek was founded in 2016, always adhering to the research and development concept of “innovation, efficiency and safety”, focusing on the Immuno-Inflammation field. Mabgeek has a research and development team composed of top experts in the industry. With excellent research and development capabilities and deep industry accumulation, Mabgeek uses its unique TEADA hybridoma platform to develop differentiated and innovative monoclonal and bispecific antibody drugs with high biological activity and high drug yield, and is committed to bringing more safe, effective and convenient treatment to all patients globally. Other than MG-K10, Mabgeek also is studying anti-TSLP (half life more than 80 days) in Phase II clinical trial in asthma, and got IND approval for half life extended anti-MASP-2 mAb. For more information, please visit: www.mabge.com.

About Chime Biologics

Chime Biologics is a global leading CDMO that has introduced the first modular biopharmaceutical plant KUBio™ in the world to empower its partners’ success in biologics in the whole process from cell line development to commercial manufacturing. Relying on cell line development and advanced technology development from our Shanghai Innovation Center and proven success in IND-enabling through market registration at its Wuhan plant, Chime Biologics is providing a one-stop CMC solution for biopharmaceutical customers around the world. We share a common goal to make cutting-edge biomedicines affordable and accessible to all patients globally, fulfilling its commitment to human health. For more information, please visit: www.chimebiologics.com.

Coreline Soft Leads AI Medical Imaging Innovation at STR 2025

  • Introducing the AVIEW lineup specialized in simultaneous diagnosis and analysis of thoracic diseases
  • Participating in HIMSS on March 3rd and completing HIPAA certification

HUNTINGTON BEACH, Calif. and SEOUL, South Korea, Feb. 21, 2025 /PRNewswire/ — Coreline Soft will demonstrate its cutting-edge AI-based lung and thoracic imaging solution lineup at the Society of Thoracic Radiology 2025 (STR) on March 1st. STR is an international academic event where global thoracic radiology experts share the latest research results and future technology trends. This year, AI technology related to lung and thoracic diseases, along with combined diagnostics trends, is expected to attract significant attention. The conference will be held at the Hyatt Huntington Beach, California, from March 1 to 5, 2025.

At the STR 2025 event, Coreline Soft will showcase AI-based thoracic diagnostic solutions centered around AVIEW LCS, which was recently recognized for its excellent accuracy and rapid result derivation capability in first-reading performance published in the European Journal of Cancer. The lineup also includes AVIEW Lung Texture, a fully automated and quantitative analysis software for interstitial lung disease (ILD) specialized in thoracic disease diagnosis, and AVIEW COPD, an automatic analysis software for chronic obstructive pulmonary disease (COPD). Coreline Soft will also actively introduce its technology that supports companion tests and complex analyses.

“Last year, at several thoracic disease conferences held in the U.S., the method of quantitatively analyzing biomarkers such as COPD and ILD using AI technology to accurately predict treatment effects and prognosis garnered much attention,” said James Lee, Head of Coreline North America. “In particular, as collaboration between pharmaceutical companies and AI software companies becomes more active, precise data analysis is emerging as a key value in the new drug development stage.”

He continued, “This is a great opportunity for Coreline Soft to showcase its quantitative analysis capabilities, already recognized as AI lung disease diagnosis technology, at STR, one of the most influential academic events in the field of thoracic radiology. We will expand cooperation with medical platforms around the world, including the US market, to contribute to accurate companion tests and innovative comprehensive diagnosis.”

Coreline Soft specializes in AI-based thoracic imaging diagnosis and supplies quantitative analysis solutions for major respiratory diseases such as lung cancer, COPD, and ILD to the global market.

Meanwhile, Coreline North America supplies products to major medical institutions, including the Temple Lung Center, and is expanding cooperation with leading institutions such as the Mount Sinai Respiratory Institute.

It also plans to participate in the 2025 HIMSS Global Health Conference & Exhibition (HIMSS), the world’s largest medical IT exhibition, to be held in Las Vegas, USA, on March 3. HIMSS is the world’s largest healthcare IT technology event, and Coreline Soft recently achieved compliance certification for both the US Health Insurance Portability and Accountability Act (HIPAA) and the European General Data Protection Regulation (GDPR).

Nota AI Supports Qualcomm AI Hub with On-Device Generative AI… ‘Proving Global Technological Prowess’

  • The on-device generative AI optimization platform NetsPresso® supports AI model optimization on Qualcomm processors through the Qualcomm AI Hub
  • Earns dual ‘A’ ratings in technical evaluation signaling strong IPO prospects

SEOUL, South Korea, Feb. 21, 2025 /PRNewswire/ — Nota AI, a leader in on-device AI optimization, is strengthening its global footprint in IoT and edge computing through a collaboration with Qualcomm Technologies, Inc.  Nota AI is driving innovation in industries like industrial safety and transportation, paving the way for rapid growth.

Nota AI Accelerates Global Expansion in AI and IoT Markets
Nota AI Accelerates Global Expansion in AI and IoT Markets

NetsPresso®: Revolutionizing AI Optimization

Nota AI’s flagship platform, NetsPresso®, now supports the Qualcomm® AI Hub. The Qualcomm AI Hub is an AI platform that provides optimized AI models and specific guidelines, enabling not only developers but also anyone to easily and quickly develop on-device AI applications. With the Qualcomm AI Hub already supporting over 150 models, NetsPresso®’s new integration capabilities complement and enhance its offerings by introducing NetsPresso®’s advanced optimization capabilities, particularly for resource-constrained devices.

Through its four-step process—training, compression, compilation, and benchmarking—NetsPresso® optimizes AI models for resource-limited devices. Compilation and benchmarking, previously managed by NetsPresso®, can now be handled within Qualcomm Technologies’ ecosystem, enhancing efficiency and enabling NetsPresso® to focus on training and compression for improved overall optimization.

Nota AI CEO Myungsu Chae remarked, “Adding support for the Qualcomm AI Hub to NetsPresso® has unlocked new potential for on-device AI optimization. Together, we are expanding efforts to bring On-device AI to realization on a global scale.”

Expanding Global Reach

Nota AI has announced that it earned dual ‘A’ ratings in the technical evaluation process, a key milestone toward its planned IPO on the KOSDAQ in 2025. Building on these results, the company intends to accelerate its listing procedures in the coming year. The company is expanding into key markets across the Middle East and Southeast Asia, leveraging established entities in the U.S. and Germany. Its Vision-Language Model project with Dubai‘s Roads and Transport Authority (RTA) demonstrates its technological leadership, positioning the Middle East as a critical hub for future growth.

With relentless innovation and bold new initiatives, Nota AI is not only redefining AI accessibility but also setting new benchmarks in IoT and edge computing on a global scale.

Yitahome Introduces BringNatureHome Campaign, Celebrating the Big Spring Sale

NEW YORK, Feb. 21, 2025 /PRNewswire/ — This spring, your home deserves something special. Yitahome’s Spring Sale invites home decor enthusiasts to rethink their interiors and decor pieces that you’ve been eyeing without the guilt of overspending.

With #BringNatureHome, Yitahome introduces a collection of thoughtfully crafted pieces that balance comfort and aesthetics. Whether you’re setting up an inviting outdoor space or refining the details of your home’s interior, these pieces bring natural textures and warm tones to your everyday surroundings.

Limited-Time Best-Selling Spring Favorites—Just for You:

1. Outdoor Patio Furniture Set

Normal Price: $509.99
Now Only: $433.49

Why wait for a vacation? Create a five-star retreat at home with this patio set, designed for relaxation and entertainment. Breathe new life into your patio or balcony with this all-weather furniture set. From morning coffee to late-night conversations, this durable and stylish setup is built for every season.

2. 3-Seats Wicker Hanging Porch Swing Chair

Normal Price: $219.99
Now Only: $178.3

Make every moment outdoors feel like a getaway with this 3-seater wicker hanging swing chair. It’s perfect for lazy afternoons, stargazing nights, or enjoying a gentle breeze with friends. This swing is your perfect escape. Just sit back and sway!

3. Kitchen Wicker Island Rolling Cart & Bar Table

Normal Price: $199.99 
Now Only: $136.87

This Kitchen Wicker Island Rolling Cart & Bar Table is the perfect companion for backyard BBQs, cocktail parties, and family dinners. Designed with ample storage and smooth-rolling wheels, it keeps drinks, snacks, and utensils within reach.

4. 120 Gallon Outdoor Storage Deck Box

Normal Price: $139.99
Now Only: $125.99

Imagine a perfect spring afternoon, birds chirping, a soft breeze, and you, lounging in your backyard with everything neatly tucked away. The 120-Gallon Outdoor Storage Deck Box is the secret to an effortlessly organized patio, so you can focus on hosting, and enjoying your outdoor space.

The Deals Won’t Last—Shop Before They’re Gone.

Spring is fleeting, and so are these offers. Grab your favorites now at Yitahome.com before they sell out! Follow Yitahome for the latest updates with more exclusive offers.

Amazon Store : Yitahome
Instagram        : @yitahome.us
TikTok              : @yitahomefurniture
Facebook        : Yitahome Amazon

About Yitahome
Yitahome is a trusted furniture brand known for blending sophisticated design with everyday functionality. With a dedication to quality and customer satisfaction, Yitahome helps people create stylish, welcoming spaces they’re proud to call home.

CONTACT: Xi Shen, shenxi@yintatech.com

Advancing RAN Performance: O-RAN ALLIANCE Participants Showcase Innovative Solutions at MWC Barcelona 2025

  • 33 showcases of latest O-RAN technology and solutions to be presented by O-RAN ALLIANCE Participants at MWC Barcelona 2025 or the O-RAN Virtual Exhibition
  • Innovative solutions based on RAN Intelligent Controllers improve RAN efficiency and performance
  • O-RAN component demos showcase significant improvements in interoperability and security

BONN, Germany, Feb. 21, 2025 /PRNewswire/ — O-RAN ALLIANCE participants will showcase 33 open and intelligent Radio Access Networks (RAN) solutions throughout MWC Barcelona 2025 and at the O-RAN Virtual Exhibition.

O-RAN Showcases at MWC Barcelona 2025
O-RAN Showcases at MWC Barcelona 2025

The latest products and components, based on O-RAN specifications, demonstrate improved interoperability, efficiency, performance and security for deployments in mobile networks by diverse providers. Many showcased solutions focus on enhancements of O-RAN integration and testing for accelerating adoption of new components into existing networks.

Multiple demonstrations show how the O-RAN based AI framework – Near-Real-Time and Non-Real-Time RAN Intelligent Controllers (RICs) running xApps or rApps – accelerates the value capture from AI innovations. These include hierarchical operation of apps and RICs for network optimization in a large-scale network, global orchestration for terrestrial and non-terrestrial network operations, integration of Quantum Machine Learning and Quantum-Inspired Algorithms for estimating quality of experience, non-linear signal processing framework to fully exploit spatial, frequency and time network resources, and more.

Learn more about MWC 2025 O-RAN showcases here.

Explore O-RAN ALLIANCE’s interactive MWC map highlighting the 28 O-RAN showcases at the exhibition, making it easy for attendees to navigate to the respective booths. Many of these demos, along with five virtual-only demos, will be included in the O-RAN Virtual Exhibition expected to be available at the start of MWC.

“An increasing number of mature open RAN technology solutions and related services are now available for deployments at scale,” said Paul Smith, Director – RAN Technology, AT&T and Co-Chair of O-RAN ALLIANCE’s WG1. “It is also great to see innovative AI-driven applications leveraging the openness and intelligence frameworks specified by the O-RAN ALLIANCE, enhancing RAN performance and efficiency, helping to optimize TCO of the RAN.”

O-RAN showcases at MWC are being delivered by: Accelleran NV, Accuver, Analog Devices, Artiza Networks, AsiaInfo Technologies, Auray Technology, Ciena, Cohere Technologies, CommScope, Dell Technologies, Ericsson, EURECOM, Groundhog Technologies, i14y Lab, I2CAT, Inventec, Juniper Networks, Keysight Technologies, LIONS Technology, LITEON, LitePoint, Metanoia Communications, Microelectronics Technology, MobileNet (University of Malaga), National Institute of Information and Communications Technology (NICT), Northeastern University, QCT, Rimedo Labs, Rohde & Schwarz, Singapore University of Technology and Design (SUTD), Software Radio Systems (SRS), SynaXG, T-Labs (Deutsche Telekom Innovation Laboratories), University of Surrey, University of Tokyo, University of York, VIAVI Solutions, Viettel High Tech (VHT), Wind River, WNC, Zenlynx.

About O-RAN ALLIANCE
The O-RAN ALLIANCE is a world-wide community of mobile operators, vendors, and research & academic institutions operating in the Radio Access Network (RAN) industry. As the RAN is an essential part of any mobile network, the O-RAN ALLIANCE’s mission is to re-shape the industry towards more intelligent, open, virtualized and fully interoperable mobile networks. The new O-RAN specifications enable a more competitive and vibrant RAN supplier ecosystem with faster innovation to improve user experience. O-RAN based mobile networks at the same time improve the efficiency of RAN deployments as well as operations by mobile operators. To achieve this, the O-RAN ALLIANCE publishes new RAN specifications, releases open software for the RAN, and supports its members in integration and testing of their implementations.

For more information, please visit www.o-ran.org.

 

Global Education Leader Recognised: Trio Schools’ Managing Director receives prestigious BW Education 40 Under 40 award for educational innovation in India

BENGALURU, India, Feb. 21, 2025 /PRNewswire/ — Trio Schools’ Managing Director, Mr. Naveen KM has been honoured with the prestigious BW Education 40 under 40 award, in association with Business World, for his contributions to the field of education. The award highlights India’s growing prominence in international education. This recognition from Business World underscores the potential in India’s $100+ billion education sector and rapidly evolving educational landscape.

Business World Education 40 Under 40 award
Business World Education 40 Under 40 award

The award was presented by Prof. Anil Sahasrabudhe, Chairman of NAAC and NETF, and Dr. Annurag Batra, Chairman & Editor-in-Chief, BW & exchange4media Group. The award selection followed a comprehensive evaluation by a distinguished jury of education experts such as Dr. Annurag Batra, Lina Ashar, Prof. Punam Sahgal, Dr. Anup Singh, and Rupa Chakravarty.

The BW Education 40 under 40 Summit and Awards ceremony was held in New Delhi on 19 February 2025. The summit brought together key stakeholders, including venture capitalists, entrepreneurs, and education technology professionals.

Mr. Naveen, who is an avid entrepreneur and edupreneur, serves as the Managing Director of award-winning international and Indian educational ventures. The schools prioritise inclusivity and safety, with a strong focus on student happiness and fostering healthy teacher-student relationships.

Under Mr. Naveen’s leadership, Trio Schools has established a significant market presence through multiple successful ventures:

  • Trio World Academy, an authorised IB World School, certified as an “Institution of Happiness” by QS-iGAUGE in association with ASSOCHAM.
  • Trio World School, offering ICSE curriculum, preparing students for global opportunities while staying rooted in Indian cultural values.
  • India4IAS, an institute that offers rigorous training for some of the most challenging Indian public service exams like UPSC and KPSC.
  • Trio Educational Services, an organisation that aims to position India as a global leader in skilled human resources through comprehensive training programmes. In partnership with the Prime Minister’s “Skill India” Programme, 2,500 youth have been trained, with plans to train over 10,000 in the next two years.

Trio Schools’ model successfully combines international curricula with local market understanding, making premium education accessible to India’s growing middle class. The organisation’s growth trajectory aligns with India’s expanding education market, which presents significant opportunities for international investment.

“I am grateful for this incredible honour from BW Education. Our vision is to make international education accessible in India while maintaining global standards,” said Mr. Naveen. “We’ve developed a scalable model that makes IB and Cambridge curricula available to more Indian families, creating a bridge between international education standards and local market needs. This award belongs to the entire TRIO family for their dedication to reimagining education.”

About Trio World Academy

Trio Schools is a group that runs award-winning schools in Bengaluru.

Trio World Academy (TWA) is an authorised IB World school, located in Bengaluru, Karnataka. Established in 2009, it has emerged as a premium international school. It has been recognised as an Institution of Happiness by QS-iGAUGE, the only institution in the state to be granted the honour.

It caters to the educational needs of a vibrant multicultural community, which comprises students from 22+ countries. The teachers of TWA, who come from all over the world, bring with them their unique combination of world knowledge, and expertise. TWA offers IB PYP, Cambridge Secondary 1, IGCSE and IB DP.

Trio World School (TWS) is an ICSE school in Bengaluru, Karnataka. Established in 2014, it has emerged as one of the premium ICSE schools in North Bengaluru. TWS prepares students for global opportunities while staying rooted in Indian cultural values.

The schools instil in their students the core values of Leadership, Discipline, Academic Excellence and Service, preparing them to become the global leaders of the future. TRIO has been chosen “Best School Brand in India” by The Economic Times, New Delhi, in 2016 and has won numerous accolades on both national and international platforms.

For more information, contact: 
Public Relations Officer, Trio World Academy
+91 (80) 40611222

 

Dr. Sudhakar Rao, Director, ICFAI Group, Hyderabad; Prof. Anil Sahasrabudhe, Chairman, National Assessment and Accreditation Council (NAAC); Mr. Naveen KM, Managing Director, Trio Schools; Dr Annurag Batra, Chairman and Editor-in-Chief, Business World and Ms. Rupa Chakravarty, Principal, Suncity World School, Gurgaon.
Dr. Sudhakar Rao, Director, ICFAI Group, Hyderabad; Prof. Anil Sahasrabudhe, Chairman, National Assessment and Accreditation Council (NAAC); Mr. Naveen KM, Managing Director, Trio Schools; Dr Annurag Batra, Chairman and Editor-in-Chief, Business World and Ms. Rupa Chakravarty, Principal, Suncity World School, Gurgaon.

 

 

Namibox and Hisense Form Strategic Collaboration to Launch the “Parent-Child Learning Big Screen,” Creating a New Ecosystem of “Educational Hardware + Emotional Economy”

SHANGHAI, Feb. 21, 2025 /PRNewswire/ — Jinxin Technology Holding Company (the “Company”) (Nasdaq: NAMI), an innovative provider of digital-content products and services in China, today announced that Namibox, a brand under the Company, has entered into a strategic partnership with Hisense Group (the “Hisense”). The partnership has resulted in the launch of their first collaborative product, the “Parent-Child Learning Big Screen,” which officially went on sale on February 20th. This product, dubbed “a learning tool for kids and a trusted companion for moms,” represents an innovative approach by combining elements of smart hardware, K-9 education, and emotional engagement. It is poised to lead a new wave in the multi-billion-dollar smart educational hardware industry.

Expanding the Learning Space: From “One-Way Output” to “Emotional Symbiosis”

According to the “Chinese Family Education Consumption White Paper” issued by the Ministry of Education, 82.6% of the Chinese families are currently facing “educational device anxiety.Traditional learning devices often rely on a “question bank + video course” model, while standard tablets pose the risk of addiction among children. To address these challenges, Namibox and Hisense have jointly developed the 27-inch movable “Parent-Child Learning Big Screen.” This device goes beyond combining hardware with learning software; it reimagines the family education ecosystem through three key innovations, creating a seamless blend of “education + emotion.”

Space Extension: Equipped with a retractable stand and omnidirectional wheels, the 27-inch big screen easily adapts to a variety of home learning scenarios. Whether children are attending online classes in the living room, engaging in parent-child fitness routines, learning math with weighing tools in the kitchen, or enjoying bilingual reading in the bedroom, this versatile device supports it all. By catering to modern family dynamics, where the living room often doubles as a study area, the screen transforms traditional learning hardware from a single-use device into a multi-functional, interactive tool that fosters immersive family learning experiences.

Role Reconstruction: The device transforms parents’ roles from “overseers” to “teammates.” Its movable, multifunctional design enables transitions between learning mode and family mode, allowing parents and children to learn, read, exercise, and play together. This redefinition of family space not only enhances the functionality of the home but also deepens emotional connections, positioning the learning screen as a pivotal “third anchor” in the household, alongside the stove and television.

Content Upgrade: Namibox leverages cutting-edge AI, AR, and digital human technologies to develop an advanced digital educational content engine. This engine delivers a rich array of K9 educational materials, including synchronized learning content infused with AI and digital human elements. These innovations breathe new life into traditional digital textbooks, online courses, and exercises, creating a dynamic, closed -loop system of learning, practicing, and testing. The intelligent and interactive design significantly boosts students’ engagement, interest, and autonomy.

Technological Excellence: Hardware Innovation Meets Eye Protection

The “Parent-Child Learning Big Screen” incorporates Hisense’s flagship TV picture quality technology, setting a new benchmark for display quality in educational devices. Its IPS paper-like eye-protection screen, combined with Hisense’s 7-layer eye-protection process certified by TÜV Rheinland, ensures optimal visual comfort and health for users.

A standout feature of the device is its dual-system intelligent switching design. In “Learning Mode,” entertainment apps are automatically blocked, while “Family Mode” unlocks entertainment and audio-visual functionalities. This concept of “education not opposing human nature, entertainment not losing control” meets the core demands of parents who want effective learning tools without sacrificing leisure and family bonding.

A Game-Changer in the Billion-Dollar Smart Educational Hardware Market

According to IDC, the Chinese smart educational hardware market is projected to exceed RMB100 billion by 2024, despite a product homogenization rate as high as 76%. The “catfish effect” brought by this cross-industry collaboration between Namibox and Hisense has drawn significant industry attention. The Company believes that the “Parent-Child Learning Big Screen” could catalyze a “living room education economy,” paving the way for future business opportunities such as family education consulting and personalized tutoring, powered by behavior data collected through parent-child collaboration. This strategic partnership represents more than just a complementary alignment of strengths; it is a bold exploration of the future ecosystem for smart hardware. By combining technological innovation with educational depth, Namibox and Hisense are unlocking new possibilities for the smart educational hardware industry.

About Jinxin Technology Holding Company

Headquartered in Shanghai, China, Jinxin Technology Holding Company is an innovative provider of digital-content products and services in China. Leveraging the powerful digital content generation engine powered by advanced AI/AR/VR/digital human technologies, the Company is committed to offering users high-quality digital content services through both its own platform and the content distribution channels of its strong partners. The Company currently target K-9 students in China, with core expertise in providing them digital and integrated educational contents, and plan to further expand service offerings to provide premium and engaging digital contents to other age groups. The Company collaborates with leading textbook publishers in China and provides digital version of mainstream textbooks used in primary schools and middle schools. The Company’s AI-generated content technology enables comprehensive digital contents to deliver an interactive, intelligent and entertaining learning experience. The Company distributes digital contents primarily through (i) its flagship learning app, Namibox, (ii) telecom and broadcast operators and (iii) third-party devices with our contents embedded.

For more information, please visit the Company’s website at https://ir.namibox.com.

Safe Harbor Statements

This press release contains statements that constitute “forward-looking” statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including but not limited to statements about the Company’s beliefs, plans and expectations, are forward-looking statements. These forward-looking statements can be identified by terminology such as “may,” “will,” “expect,” “anticipate,” “target,” “aim,” “future,” “intend,” “plan,” “believe,” “estimate,” “likely to” or other similar expressions. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “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. 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 SEC. All information provided in this press release is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law.

For investor and media inquiries, please contact:

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

NaaS Technology Inc. Announces US$10 Million Share Repurchase Program

BEIJING, Feb. 21, 2025 /PRNewswire/ — NaaS Technology Inc. (Nasdaq: NAAS) (“NaaS” or the “Company”), the first U.S.-listed EV charging service company in China, today announced that its board of directors (the “Board”) has approved a share repurchase program (the “Share Repurchase Program”), effective from February 21, 2025. Pursuant to the Share Repurchase Program, the Company may repurchase up to US$10 million of its American depositary shares (“ADSs”) over the next 12 months through the end of February 2026.

The Company’s proposed repurchases may be made from time to time on the open market at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, depending on market conditions and in accordance with applicable rules and regulations. The Board will review the share repurchase program periodically, and may authorize adjustment of its terms and size.

About NaaS Technology Inc.

NaaS Technology Inc. is the first U.S. listed EV charging service company in China. The Company is a subsidiary of Newlinks Technology Limited, a leading energy digitalization group in China. The Company provides one-stop solutions to energy asset owners comprising charging services, energy solutions and new initiatives, supporting every stage of energy assets’ lifecycle and facilitating energy transition.

Safe Harbor Statement

This press release contains statements of a forward-looking nature. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by terminology such as “will,” “expects,” “believes,” “anticipates,” “intends,” “estimates” and similar statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the Company and the industry. All information provided in this press release is as of the date hereof, and the Company undertakes no obligation to update any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that its expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results. 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: NaaS’ goals and strategies; its future business development, financial conditions and results of operations; its ability to continuously develop new technology, services and products and keep up with changes in the industries in which it operates; growth of China’s EV charging industry and EV charging service industry and NaaS’ future business development; demand for and market acceptance of NaaS’ products and services; NaaS’ ability to protect and enforce its intellectual property rights; NaaS’ ability to attract and retain qualified executives and personnel; the COVID-19 pandemic and the effects of government and other measures that have been or will be taken in connection therewith; U.S.-China trade war and its effect on NaaS’ operation, fluctuations of the RMB exchange rate, and NaaS’ ability to obtain adequate financing for its planned capital expenditure requirements; NaaS’ relationships with end-users, customers, suppliers and other business partners; competition in the industry; relevant government policies and regulations related to the industry; and fluctuations in general economic and business conditions in China and globally. Further information regarding these and other risks is included in NaaS’ filings with the SEC.

For investor and media inquiries, please contact:

Investor Relations
NaaS Technology Inc.
E-mail: ir@enaas.com
Media inquiries:
E-mail: pr@enaas.com