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Innovative Surface Treatment in the Electronics Industry

STEINHAGEN, Germany, Feb. 20, 2025 /PRNewswire/ — Plasmatreat, a leading company in the field of surface treatment with plasma technology, developed the REDOX-Tool: an environmentally friendly, chemical-free solution for removing oxide layers from metal surfaces. This technology brings significant benefits to industries such as automotive, electronics and renewable energy.

Whether power modules, semiconductors or chips - oxide layers can be removed from metal electronic components in a matter of seconds by plasma treatment, thus supporting high-quality and durable end products. (Copyright Plasmatreat GmbH)
Whether power modules, semiconductors or chips – oxide layers can be removed from metal electronic components in a matter of seconds by plasma treatment, thus supporting high-quality and durable end products. (Copyright Plasmatreat GmbH)

The problem of oxide layers
Metal surfaces react when exposed to oxygen, forming unwanted oxide layers that can significantly affect the processing and functionality of components. Particularly in the electronics industry, where components are becoming smaller and more powerful, clean, oxide-free surfaces are essential to ensure the quality and lifetime of the product. Traditional methods for removing these layers are often based on aggressive chemicals and pollute the environment.

The solution: Plasmatreat’s REDOX-Tool
The new REDOX-Tool uses Openair-Plasma – a special form of plasma technology at atmospheric pressure – to clean surfaces precisely, efficiently and without the use of harmful chemicals. The process automatically removes oxide layers, allowing components to be processed immediately. This innovation can speed up production processes, reduce costs and protect the environment.

Easy integration and adaptation
The technology is not only environmentally friendly, but also extremely flexible: the REDOX-Tool can be easily integrated into existing production lines and adapted to different materials or requirements. Whether for the production of semiconductors, lead frames or power modules, the tool offers a solution for many applications and high volumes.

Highest efficiency with smallest components
“With the REDOX-Tool, we are setting new standards in the electronics industry. Even with the smallest components, we achieve outstanding results in oxide removal using environmentally friendly processes,” explains Nico Coenen, Global Director Electronics Market at Plasmatreat GmbH.

Eco-friendly, efficient and future-oriented
The REDOX-Tool combines top performance with sustainability and helps to meet the demands of modern industries. Plasmatreat thus underlines its status as a leading provider of innovative plasma technologies.

What is Openair-Plasma?
Plasma is also known as the 4th state of matter, alongside solids, liquids and gases. When energy is added to a gas, it becomes ionized and enters the energetic (ionized) plasma state. Whether it is plastic, metal, glass or paper, plasma technology is used to modify the properties of the surface to meet the requirements of the process. Subsequent processes include bonding, painting, printing or sealing.

Plasmatreat live at Semicon Korea, Seoul, booth 126 and at IPC Apex, Anaheim, CA, USA, booth 1600. Learn more at: www.plasmatreat.com

Comparison of copper plates treated in the REDOX-Tool (left) and oxidized copper plates (right). The difference between the copper plates without and with oxide layer is clearly visible. (Copyright: Plasmatreat GmbH)
Comparison of copper plates treated in the REDOX-Tool (left) and oxidized copper plates (right). The difference between the copper plates without and with oxide layer is clearly visible. (Copyright: Plasmatreat GmbH)

 

 

Autohome Inc. Announces Change in Controlling Shareholder and Management Change

BEIJING, Feb. 20, 2025 /PRNewswire/ — Autohome Inc. (NYSE: ATHM; HKEX: 2518) (“Autohome” or the “Company”), the leading online destination for automobile consumers in China, today announced that the Company has been informed by Yun Chen Capital Cayman (“Yun Chen“, a subsidiary of Ping An), its controlling shareholder, that on February 20, 2025, Yun Chen entered into a share sale and purchase agreement (the “Share Sale and Purchase Agreement”) with CARTECH HOLDING COMPANY, a subsidiary of Haier Group Corporation (the “Purchaser”). Pursuant to the Share Sale and Purchase Agreement, Yun Chen has agreed to sell, and the Purchaser has agreed to acquire, 200,884,012 ordinary shares of the Company, representing approximately 41.91%[1] of the issued and outstanding ordinary shares of the Company, at a consideration of approximately US$1.8 billion (the “Share Transfer”).

The Share Transfer shall be completed upon satisfaction of the conditions precedent set out in the Share Sale and Purchase Agreement, including, without limitation, obtaining the necessary regulatory approvals. Upon the completion of the Share Transfer, Yun Chen will hold 23,916,500 ordinary shares of the Company, and Yun Chen will cease to be the controlling shareholder of the Company.

The directors of our Company do not expect that the Share Transfer, if completed, will have any material adverse impact on the financial position and business operation of the Company.

The Company further announces that Mr. Tao Wu has resigned from his positions as an executive director and the chief executive officer (the “Chief Executive Officer”) of the Company, effective February 20, 2025. The Company would like to take the opportunity to express its sincere gratitude to Mr. Wu for his valuable contribution to the Company during his tenure.

Furthermore, the Company is pleased to announce that Mr. Song Yang has been appointed as an executive director of the Company and the Chief Executive Officer, effective February 20, 2025. The directors of our Company determined that Mr. Yang has valuable and relevant qualifications and experience, and it is in the best interests of the Company to appoint Mr. Yang as an executive director of the Company and the Chief Executive Officer.  

Mr. Yang has over 20 years of experience in automotive industry in both China and the U.S. Since he joined Autohome in October 2021, Mr. Yang has served as Senior Vice President overseeing OEM business, new retail business, used car business, and TTP Car Inc.. Before joining Autohome, Mr. Yang held different leadership positions at multiple automakers. From April 2019 to September 2021, he worked at Ford China, serving as President of NDSD (National Distribution & Service Division) and Deputy General Manager of the Passenger Vehicle Division. Prior to that, he served as CEO of Borgward Passenger Vehicle Group and the Chairman of its North American R&D Center from February 2018 to February 2019. He held several key leadership positions in marketing and sales at Dongfeng Nissan and NNA (Nissan North America) from May 2005 to December 2014. Mr. Yang received his bachelor’s degree in economics from Fudan University in July 1995.

Mr. Quan Long, the chairman of the Board, stated, “We are delighted to welcome Mr. Song Yang to join in the Board as our executive director and Chief Executive Officer. Mr. Yang has been working in automotive industry both in China and overseas markets for more than 20 years, where he played different crucial leading roles in multiple important automakers. We strongly believe that his leadership and extensive industry experience will be a great asset to the future development of Autohome. The Company looks forward to working with him closely in the future.”

Mr. Long continued, “On behalf of the Board, I would like to express our sincere gratitude to Mr. Wu for his professional dedication and contributions to the Company. We wish him continued success in all of his future endeavors.”

About Autohome Inc.

Autohome Inc. (NYSE: ATHM; HKEX: 2518) is the leading online destination for automobile consumers in China. Its mission is to relentlessly reduce auto industry decision-making and transaction costs driven by advanced technology. Autohome provides occupationally generated content, professionally generated content, user-generated content, and AI-generated content, a comprehensive automobile library, and extensive automobile listing information to automobile consumers, covering the entire car purchase and ownership cycle. The ability to reach a large and engaged user base of automobile consumers has made Autohome a preferred platform for automakers and dealers to conduct their advertising campaigns. Further, the Company’s dealer subscription and advertising services allow dealers to market their inventory and services through Autohome’s platform, extending the reach of their physical showrooms to potentially millions of internet users in China and generating sales leads for them. The Company offers sales leads, data analysis, and marketing services to assist automakers and dealers with improving their efficiency and facilitating transactions. Autohome operates its “Autohome Mall,” a full-service online transaction platform, to facilitate transactions for automakers and dealers. Further, through its websites and mobile applications, it also provides other value-added services, including auto financing, auto insurance, used car transactions, and aftermarket services. For further information, please visit https://www.autohome.com.cn.

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”, “future”, “intends”, “plans”, “believes”, “estimates” and similar statements. Statements that are not historical facts, including statements about Autohome’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. Further information regarding these and other risks is included in Autohome’s filings with the SEC and announcements on the website of the Hong Kong Stock Exchange. All information provided in this press release is as of the date of this press release, and Autohome does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For investor and media inquiries, please contact:

Autohome Inc.
Sterling Song
Investor Relations Director  
Tel: +86-10-5985-7483
E-mail: ir@autohome.com.cn 

Christensen China Limited
Suri Cheng
Tel: +86-185-0060-8364
E-mail:  suri.cheng@christensencomms.com 

 

[1] Based on 479,288,580 issued and outstanding ordinary shares of the Company (excluding 30,099,020 treasury shares and ordinary shares that had been issued and reserved for the purpose of the share incentive plans of the Company) as at December 31, 2024.

 

BrightSparks Scholarship & Higher Education Fair 2025 Sees Significant Growth in Attendance, Surpassing Previous Year’s Numbers

  • The BrightSparks Scholarship & Higher Education Fair 2025 attracted 1,108 attendees, nearly doubling last year’s edition.
  • Aligned with this year’s theme, “Be YOU,” the fair inspired students to take charge of their future by discovering scholarships and higher education opportunities that match their passions and ambitions.

SINGAPORE, Feb. 20, 2025 /PRNewswire/ — BrightSparks, Singapore’s leading scholarship and higher education portal, announced the successful culmination of its Scholarship & Higher Education Fair 2025 (SHEF’25). The event, held at Summit 1, Suntec Singapore Convention & Exhibition Centre, attracted 1,108 participants from junior colleges, polytechnics, and universities across Singapore —nearly doubling last year’s turnout of 600 participants. This marked BrightSparks’ second in-person fair since 2018, reinforcing its position as the go-to platform for scholarships and higher education opportunities in Singapore.

Highlights from the BrightSparks Scholarship & Higher Education Fair 2025
Highlights from the BrightSparks Scholarship & Higher Education Fair 2025

The fair, timed to coincide with the release of A-level results on 21 February 2025, provided students with essential guidance on making well-informed decisions about higher education and scholarship opportunities.

“The strong turnout at this year’s fair reflects the growing need for accessible, high-quality guidance as students prepare for the next big step in their education journey,” said Vinay Dua, Managing Director of Kariera Group Singapore. “BrightSparks continues to play a vital role in connecting students with scholarship providers and universities, equipping them with the knowledge and resources needed to make informed and impactful decisions about their future.”

Engaging Discussions and Expert Insights

At SHEF’25, students gained valuable insights into scholarship and higher education opportunities through one-on-one consultations and a series of engaging discussions. Key topics covered included selecting the right scholarships, navigating competitive applications, and aligning academic pursuits with career goals. These discussions empowered students to gain clarity on their aspirations, enabling them to make well-informed decisions about their futures.

“I wanted to learn about the internship and scholarship opportunities offered by HTX (Home Team Science and Technology Agency),” shared Zhang Hong Liang, a final-year junior college student awaiting his A-level results. “This scholarship not only allows me to contribute to protecting our community, but it also gives me the chance to innovate and help make Singapore safer. I really enjoyed the talks, as they provided in-depth information beyond brochures and offered valuable personal perspectives.”

The fair featured a diverse range of exhibitors, including prestigious universities such as University College London and Imperial College London, as well as government agencies such as Home Team Science and Technology Agency, Enterprise Singapore, SkillsFuture Singapore and Workforce Singapore, and Land Transport Authority.

Here’s what some exhibitors had to say:

“We were heartened to meet so many students who are ready to make an impact in the future of land transport. We look forward to nurturing generations of land transport professionals who will be driving the innovations in our sector!” – LTA Scholarship Team

“We were delighted to engage with the students and undergraduates at the fair through our speaker session and one-on-one interactions, sharing how they could be part of SkillsFuture Singapore and Workforce Singapore to contribute to and drive the growth of Singapore’s jobs and skills landscape.” – SSG and WSG Scholarship Team

The fair was a great platform for HTX to interact with aspiring young talents from various levels who are passionate about S&T and innovation, and for us to showcase the diverse career, scholarships, and internship opportunities we offer. – HTX

For the full list of exhibitors, refer to Annex 1.

About BrightSparks

BrightSparks (www.brightsparks.com.sg) by Kariera Group Singapore is Singapore’s #1 Scholarship and Higher Education portal, providing students from Junior Colleges (JC), Polytechnics, and Universities with comprehensive resources for their scholarship and education needs. Established in 2004, BrightSparks connects aspiring scholars to top scholarship providers and organizes premier events like the BrightSparks Scholarship & Higher Education Fair. Additionally, it publishes the biannual BrightSparks magazine and produces the annual BrightSparks Scholarship & Education Survey Report, offering in-depth insights into students’ higher education preferences and aspirations.

Annex 1

List of Exhibitors

  • Enterprise Singapore
  • Home Team Science and Technology Agency
  • SkillsFuture Singapore and Workforce Singapore
  • Land Transport Authority
  • National Environment Agency
  • PUB, Singapore’s National Water Agency
  • Singapore Food Agency
  • Imperial College London
  • UCL (University College London)
  • University of Western Australia
  • University of Plymouth
  • Southern Utah University
  • James Cook University
  • National Trades Union Congress
  • Exeter University
  • Tetr College of Business

 

Huawei APAC Eco Partner Summit 2025: Focusing on Intelligent Ecosystem and Global Business Win-Win

KUALA LUMPUR, Malaysia , Feb. 20, 2025 /PRNewswire/ — Huawei successfully hosted the Huawei APAC Eco Partner Summit 2025 on 18 February at the Malaysia International Trade and Exhibition Centre (MITEC), attracting over 160 ecosystem partners from more than 5 Asia Pacific countries, including 35 CXOs and 25 senior directors. 13 industry experts engaged in in-depth discussions on 8 key topics. Chin Chee Seong, President of the SME Association of Malaysia, shared valuable insights and business trends in the ASEAN market. Representatives from Trip.com, ReelShort, Tencent, Sega, The Gaming Company, Clicktouch and others collaborated to shape the future of the intelligent ecosystem.

Building an Open Ecosystem Platform for Digital Transformation

The summit highlighted culture, tourism, mobile gaming, short drama and cross-border commerce. 13 industry leaders from China, Malaysia, Singapore, Thailand, Philippines and Japan shared practical case studies and experiences. Huawei also debuted its innovative triple-fold smartphone, featuring advanced hinge technology and flexible screens which attracted significant industry attention.

Lv Luping, President of Huawei Consumer BG Asia Pacific Business Department, stated, “The Asia Pacific region is a core market in Huawei’s global strategy. In 2024, Huawei’s global consumer business led the market, with significant growth in early 2025, particularly in foldable screen products. We prioritize user needs, HUAWEI AppGallery and Game Center serve millions of Huawei users daily in APAC region providing a wide range of app content and great gaming experience.” He further emphasized Huawei’s commitment to strengthening local teams, collaborating with partners and enhancing user engagement.


Empowering Chinese Enterprises for Overseas Expansion

Jia Lihui, Senior Manager at Trip.com, shared their successful collaboration with the Huawei ecosystem, demonstrating significant user growth through app listings and advertising. Aubrey from Crazy Maple Studio shared the success story of the short drama platform ‘ReelShort’, highlighting the HUAWEI AppGallery’s support in distributing content to users. Huawei provided comprehensive brand support, including KOL collaborations, social media promotions and on-ground activities, driving mutual success for short dramas and brands.

Promoting Global Business Win-Win

Wu Hao, Vice President of Global Ecosystem Development and Sales at Huawei Consumer Cloud Service, elaborated on Huawei’s global strategy, “Establishing a global healthy ecosystem can we truly create value for users. In 2025, we will continue to innovate and establish dedicated ecological technology teams to quickly respond to partners’ requirements, ensure end-user experience outside China and bring more opportunities to partners. Relying on our global compliance and operational capabilities, we will help overseas local brands penetrate the Chinese market and provide users with convenient and high-quality experiential services by using intelligent atomic-services.”


About Huawei Mobile Services

Huawei Mobile Services is committed to building a “Global Digital Ecosystem Platform” with 7 regional operation centers serving over 170 countries. In 2024, the Huawei Developer Alliance exceeded 6.8 million developers, with a 45% year-on-year increase in app distribution.

Euro Tech Holdings Company Limited Announces Stock Repurchase Program

HONG KONG, Feb. 20, 2025 /PRNewswire/ — Euro Tech Holdings Company Limited (Nasdaq: CLWT) (the “Company”) today announced that its Board of Directors (the “Board”) has approved a program to repurchase up to 350,000 shares of its issued and outstanding ordinary shares for an aggregate purchase price of up to $500,000. This gives the Company the ability to repurchase its shares in the open market or through negotiated or block transactions from time to time based on market and business conditions over the next 12 months.

The Board has a high degree of confidence in the Company’s future and believes that this expectation is not reflected in the current stock price of the Company’s shares, which is also much lower than the Company’s net asset value on a per share basis.

Forward-Looking Statement

This release contains forward-looking statements as defined in Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995 and may be governed by terms such as “will,” “expect,” “would,” “anticipate,” “future,” “intend,” “plan,” “believe,” “estimate,” “potential,” “continue,” “in progress,” “goal,” “guidance expectations” and similar statements are identified. Forward-looking statements contained in this release relate to, among other things, the Company’s ongoing compliance with the Holding Foreign Companies Accountable Act (the “HFCAA”). Readers should not place undue reliance on such forward-looking statements, which are based upon the Company’s beliefs and assumptions as of the date of this release. The actual results could differ materially due to risk factors and other items described in more detail in the “Risk Factors” section of the Company’s Annual Reports and other filings filed with the U.S. Securities and Exchange Commission (the “SEC”) (copies of which may be obtained at www.sec.gov). Subsequent events and developments may cause these forward-looking statements to change. The Company specifically disclaims any obligation or intention to update or revise these forward-looking statements as a result of changed events or circumstances that occur after the date of this release, except as required by applicable law.

Autohome Inc. Announces 2024 Q4 and Annual Earnings: Growth in New Retail Business and AI-Powered Product Upgrades

HONG KONG, Feb. 20, 2025 /PRNewswire/ — Autohome Inc. (NYSE: ATHM; HKEX: 2518) (“Autohome” or the “Company”), the leading online destination for automobile consumers in China, today announced its fourth quarter and annual financial results for 2024. Driven by significant breakthroughs in its innovative businesses, the Company achieved total revenue of RMB1.78 billion in the fourth quarter and RMB7.04 billion for the full year. The adjusted net income attributable to Autohome for the full year reached RMB2.05 billion.

Additionally, Autohome announced a total dividend payout of RMB1.5 billion for the year, and a US$200 million share repurchase program, of which approximately US$88.5 million worth of shares has been repurchased (as of February 14, 2025). Moving forward, the Company remains committed to executing the board’s approved dividend and share repurchase programs to further enhance shareholder returns.

Over the past year, Autohome’s efforts to create a truly integrated ‘online-to-offline’ ecosystem have yielded impressive results. The Company has achieved significant milestones in user growth, content matrix enhancements, new retail business expansion, and AI application deployment.

New Retail Network Expands into Lower-Tier Markets to Support “Trade-in for New” Policy

In the fourth quarter, Autohome made significant strides in its new retail business, enhancing both online and offline operations. Online, the Company utilized its exhibition halls and holographic cabin technology at Autohome Space stores to boost local user acquisition capabilities through live streaming. Offline, Autohome hosted a series of curated multi-brand car sales events, providing consumers with a more streamlined, cost-effective purchasing experience. As of now, Autohome has established 28 franchised Autohome Space stores and more than 130 satellite stores nationwide, creating an extensive offline service network.

Since the launch of the car trade-in policy in early 2024, Autohome acted swiftly with a comprehensive online and offline strategy to support the initiative. Online, the Company leveraged its platform advantages to aggregate policy subsidies and promotional offers from manufacturers in real time, providing users with one-stop access to discount information and automatic benefit matching services. Offline, Autohome organized the Hundred Cities Trade-in for New series of auto shows, focusing on Tier 3 and 4 cities to support the trade-in policy and promote NEVs in rural areas. In 2024, Autohome hosted nearly 1,000 offline auto shows and over 3,000 single-store events, covering nearly 250 cities nationwide, with more than 80% of them in lower-tier cities, reaching almost 4 million people. This demonstrates the Company’s deep penetration and strong ability to execute in lower-tier markets.

Autohome’s Online Traffic Surges to New Heights as a Result of Smart Vehicle and NEV Focus

In 2024, Autohome deepened its commitment to original content creation to provide more value to users and enhance its industry influence. The content focused on two core areas: smart vehicles and NEVs.

For example, to address key pain points in the NEV industry, Autohome launched the First Winter Dual Temperature Tests program. The program tested over 50 models from 30 brands, focusing on low-temperature range, charging efficiency, and energy consumption performance. It garnered over 600 million views across various platforms, demonstrating the quality, expertise, and industry influence of Autohome’s content.

At the same time, Autohome adopted an open platform model to create localized content channels that integrate services, trade-in offers, and promotions from regional automotive partners. This approach precisely connected user demand with local resources, forming a complete cycle from demand to supply and effectively activating traffic in lower-tier markets. According to QuestMobile, Autohome’s average mobile daily active users (“DAUs”) reached 77.48 million in December 2024, an increase of 13.6% year-on-year, reflecting its expanding influence in the industry.

Autohome Advances AI Capabilities and Expands Verified Used Car Listings

In the fourth quarter, Autohome prioritized AI-driven upgrades for its products and achieved significant progress, particularly in its leads subscription package services. For example, the Company launched an AIGC video generation tool with modular graphic and video production capabilities, empowering dealers to create their own content more efficiently. With respect to lead management, the AI-driven smart follow-up system has provided dealers with comprehensive solutions for managing leads from initial contact to the transaction—this has improved store staff’s issue resolution efficiency by over 20%. As for business management, AI continues to streamline operational data analysis for stores, which supports data-driven decision-making.

For its used car business, Autohome continued to expand its digital offerings, providing users and clients with a wider range of tools to assist with researching vehicle conditions, pricing, marketing, and more. The Company also continued to strengthen vehicle sourcing processes, particularly for certified high-quality vehicles, to ensure quality and promote the healthy development of the industry.

Looking ahead, Autohome will continue to focus on the vast opportunities in lower-tier markets, continuously advancing its business model and enhancing operational quality to drive steady progress towards a new phase of high-quality development.

About Autohome

Autohome Inc. (NYSE: ATHM; HKEX: 2518) is the leading online destination for automobile consumers in China. According to QuestMobile, in December 2024, Autohome’s average mobile DAUs reached 77.48 million with an increase of 13.6% year-on-year. Its mission is to engage, educate and inform consumers about everything auto. Autohome provides occupationally generated content, professionally generated content, user-generated content, and AI-generated content, a comprehensive automobile library, and extensive automobile listing information to automobile consumers, covering the entire car purchase and ownership cycle. The ability to reach a large and engaged user base of automobile consumers has made Autohome a preferred platform for automakers and dealers to conduct their advertising campaigns. Further, the Company’s dealer subscription and advertising services allow dealers to market their inventory and services through Autohome’s platform, extending the reach of their physical showrooms to potentially millions of internet users in China and generating sales leads for them. The Company offers sales leads, data analysis, and marketing services to assist automakers and dealers with improving their efficiency and facilitating transactions. Autohome operates its “Autohome Mall,” a full-service online transaction platform, to facilitate transactions for automakers and dealers. Further, through its websites and mobile applications, it also provides other value-added services, including auto financing, auto insurance, used car transactions, and aftermarket services.

For further information, please visit: https://www.autohome.com.cn/about/index.html

SMU establishes new scholarship with S$3 million gift from Mrs Margaret Chan-Lien

20 scholarships annually to enable financially challenged students to pursue transformative learning experiences through international student exchange programmes

SINGAPORE, Feb. 20, 2025 /PRNewswire/ — From August 2025, more financial support will be made available to Singapore Management University (SMU) undergraduates pursuing international student exchange programmes. The University today announced the establishment of the Margaret Chan-Lien International Exchange Scholarship programme, which will make available 20 new scholarships for students with financial challenges. The scholarship programme has been made possible by a generous S$3 million endowed gift from philanthropist Mrs Margaret Chan-Lien.

In celebration of SMU’s 25th anniversary, this landmark contribution reinforces the University’s commitment to enabling students with financial needs to broaden their worldview and deepen their global perspectives, and equipping them to thrive in an interconnected world. The opportunity will also expand their network and may open doors to new possibilities that will uplift their aspirations, future careers and families.

Commencing in Academic Year (AY) 2025/2026, the new scholarship programme will offer:

  • 8 exchange scholarships annually, valued at S$5,000 each, for one semester of study at SMU’s partner universities in Asia; and
  • 12 exchange scholarships annually, valued at S$10,000 each, for one semester of study at SMU’s partner universities outside of Asia

The scholarship is open to all SMU undergraduates who are Singapore citizens or Singapore Permanent Residents, with demonstrated financial needs and good academic results. It will provide financial support towards recipients’ global exchange expenses, including air travel, accommodation, living expenses and/or other study-related expenses.

With this support, students from financially-challenged backgrounds can confidently embark on their overseas learning experience – one that will broaden horizons and foster international networks, as well as build character and qualities such as independence, empathy and adaptability.

In expressing her deep gratitude for the gift, SMU President, Professor Lily Kong, said, “This gift is especially meaningful as we celebrate SMU’s 25th anniversary. It reflects the spirit of our institution, one that nurtures lifelong learners and change agents with a global mindset. On behalf of the entire SMU community, I extend my heartfelt gratitude to Mrs Lien for her generosity and vision. Her belief in the power of education and international experiences will leave a lasting imprint on generations of students to come. I look forward to seeing the journeys that this scholarship will make possible, the impact on our students, as well as the impact our students will create, both at home and across the world.”

Mrs Margaret Chan-Lien’s generosity is rooted in her own appreciation of global exposure and its profound impact on her personal and professional growth. “I believe in the importance of global exposure, having seen firsthand the profound impact it has had on my family members. I hope this scholarship will enable SMU students to develop independence, resilience and adaptability, and to become culturally aware global citizens who remain deeply rooted in Singapore with a strong sense of national pride. Every student, regardless of financial circumstances, should have the opportunity to explore the world and embrace its possibilities,” she said.

Global exposure and student exchange programmes at SMU

SMU takes pride at being the first university in Singapore to make global exposure a graduation requirement. We aspire to have 100% of our students embark on at least one global experience, which may take the form of an international student exchange programme, international internship, overseas community service programme, study mission, summer school, and SMU-X overseas projects.

In regard to international student exchange programmes, SMU has a global network of over 220 partner universities across more than 150 cities in 45 countries where students get to experience a transformative learning experience.

Student financial support at SMU

SMU practises a ‘needs-blind’ admission policy where no deserving student will be deprived of an education because of financial hardship. Grants, bursaries, loans and scholarships are available for students with financial needs, so that they can focus on their studies and enjoy an enriching educational journey at SMU without worry.

In AY2024, over $10 million was set aside in financial aid (including grants, bursaries, needs-based scholarships, awards and loans) to students, combining university resources as well as donor-supported schemes. This is in addition to schemes such as SMU Access which guarantees eligible students a financial assistance package equivalent to 100 per cent of tuition fees for up to four academic years, after taking into account all scholarships, bursaries and other grants. There is no limit to the number of recipients covered under SMU Access. 

In January 2025, SMU announced the refreshed SMU Access Plus scheme, which extends additional support to students from lower-income families beyond full tuition coverage. Starting AY 2025, Singaporean students with a per capita income (PCI) of $1,100 or below will have their government bursary topped up by SMU Access Plus to fully cover tuition fees; and if their PCI is $750 or below, they will also get an annual living allowance of $4,000. And, starting AY2026, all undergraduates with a PCI of $2,500 or below will receive a $4,000 global experience grant over four years, in line with SMU’s commitment to global exposure.

About SMU

A premier university in Asia, SMU is internationally recognised for its world-class research and distinguished teaching. Established in 2000, SMU’s mission is to generate leading-edge research with global impact and to produce broad-based, creative, and entrepreneurial leaders for the knowledge-based economy. SMU’s education is known for its highly interactive, collaborative, and project-based approach to learning.

Home to over 13,000 students across undergraduate, postgraduate professional and postgraduate research programmes, SMU comprises eight schools: School of Accountancy, Lee Kong Chian School of Business, School of Economics, School of Computing and Information Systems, Yong Pung How School of Law, School of Social Sciences, College of Integrative Studies, and College of Graduate Research Studies. SMU offers a wide range of bachelors’, masters’, and PhD degree programmes in the disciplinary areas associated with its schools, as well as in multidisciplinary combinations of these areas.

SMU emphasises rigorous, high-impact, multi- and interdisciplinary research that addresses Asian issues of global relevance. SMU faculty members collaborate with leading international researchers and universities around the world, as well as with partners in the business community and public sector. SMU’s city campus is a modern facility located in the heart of downtown Singapore, fostering strategic linkages with business, government, and the wider community. www.smu.edu.sg

Yuchai Enters Into Strategic Agreement in Vietnam

SINGAPORE, Feb. 20, 2025 /PRNewswire/ — China Yuchai International Limited (NYSE: CYD) (“China Yuchai” or the “Company”) one of the largest powertrain solution manufacturers through its main operating subsidiary in China, Guangxi Yuchai Machinery Company Limited (“Yuchai”), today announced that Yuchai had entered into a comprehensive strategic cooperation agreement with Kim Long Motor Hue (“Kim Long Motor”), a subsidiary of Vietnam’s FUTA Group.  The scope of the strategic cooperation consists of the grant and provision of technology licenses, component supply and related support, and services for the construction of an engine factory at Kim Long Motor’s designated site in Vietnam.

Yuchai has granted Kim Long Motor the technology licensing rights for certain model engine series. These engine models will be manufactured primarily for trucks, buses and other commercial vehicles in Vietnam.  Kim Long Motor will have exclusive sales rights for the licensed engines in the Vietnam market, along with priority sales rights in other Asean countries and South Korea. Additionally, Kim Long Motor has aftermarket service rights in these countries. These licenses are valid for 15 years, with total licensing fees of US$28 million

Yuchai will support the construction of the engine factory in Vietnam by providing technical services for equipment installation and commissioning at Kim Long Motor’s expense.  Yuchai will also supply all engine assembly parts and service kits for these engines manufactured by Kim Long Motor in Vietnam.

Mr. Weng Ming Hoh, President of China Yuchai, commented, “This cooperation agreement is an important project to further penetrate the important ASEAN-Korean trade areas, and supports our global growth.” 

About Kim Long (https://kimlongmotor.com.vn)

KIM LONG MOTOR specializes in automobile manufacturing, assembly, and trading; automotive parts and components manufacturing; and industrial park infrastructure trading. The KIM LONG MOTOR Hue Automotive Manufacturing and Assembly Industrial Zone is a comprehensive complex comprising bus, minibus, truck, passenger car assembly plants, and facilities for manufacturing engines, axles, gearboxes, chassis cutting, and automotive technology support industries.

About China Yuchai International

China Yuchai International Limited, through its subsidiary Guangxi Yuchai Machinery Company Limited (“Yuchai”), is one of the leading powertrain solution providers in China. Yuchai specializes in the design, manufacture, assembly, and sale of a wide variety of light-, medium- and heavy-duty engines for trucks, buses, pickups, construction and agricultural equipment, and marine and power generation applications.  Yuchai offers a comprehensive portfolio of powertrain solutions, including but not limited to diesel, natural gas, and new energy products such as pure electric, range extenders, and hybrid and fuel cell systems.  Through its extensive network of regional sales offices and authorized customer service centers, Yuchai distributes its engines directly to auto OEMs and distributors while providing after-sales services across China and globally.  Founded in 1951, Yuchai has established a reputable brand name, strong research and development team, and significant market share in China. Known for its high-quality products and reliable after-sales support, Yuchai has also expanded its footprint into overseas markets.  In 2023, Yuchai sold 313,493 engines and is recognized as a leading manufacturer and distributor of engines in China.  For more information, please visit http://www.cyilimited.com

Safe Harbor Statement:

This news release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.  The words “believe”, “expect”, “anticipate”, “project”, “targets”, “optimistic”, “confident that”, “continue to”, “predict”, “intend”, “aim”, “will” or similar expressions are intended to identify forward-looking statements.  All statements other than statements of historical fact are statements that may be deemed forward-looking statements.  These forward-looking statements including, but not limited to, statements concerning China Yuchai group of entities’ operations, financial performance and condition are based on current expectations, beliefs and assumptions which are subject to change at any time.  China Yuchai cautions that these statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors such as government and stock exchange regulations, competition, political, economic and social conditions around the world and in China including those discussed in China Yuchai’s Form 20-Fs under the headings “Risk Factors”, “Results of Operations” and “Business Overview” and other reports filed with the Securities and Exchange Commission from time to time.  All forward-looking statements are applicable only as of the date it is made and China Yuchai specifically disclaims any obligation to maintain or update the forward-looking information, whether of the nature contained in this release or otherwise, in the future.

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Investor Relations
Kevin Theiss
Tel: +1-212-510-8922
Email: cyd@bluefocus.com