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High Templar Tech Limited Reports Fourth Quarter and Full Year 2025 Unaudited Financial Results

By
Advertorial Desk
-

XIAMEN, China, March 11, 2026 /PRNewswire/ — High Templar Tech Limited (“High Templar” or “the Company” or “We”) (NYSE: HTT), an enabler of AI-driven technology company in China, today announced its unaudited financial results for the quarter and full year ended December 31, 2025.

Fourth quarter 2025 Financial Highlights:

  • Total revenues were RMB3.2 million (US$0.5 million), compared to RMB52.2 million for the same period of last year
  • Net loss attributable to the Company’s shareholders was RMB163.1 million (US$23.3 million), compared to RMB66.4 million for the same period of last year; net loss per diluted ADS was RMB1.03 (US$0.15) for the fourth quarter of 2025

Full Year 2025 Financial Highlights:

  • Total revenues were RMB41.0 million (US$5.9 million) for 2025, representing a decrease of 81.1% from 2024, primarily attributable to the decrease in sales income generated from last-mile delivery business
  • Net income attributable to the Company’s shareholders was RMB708.6 million (US$101.3 million), compared to RMB91.7 million in 2024; net income per diluted ADS was RMB4.25 (US$0.61) for 2025

We continued to execute our business transition while maintaining a healthy balance sheet by pursuing efficient cash management. Moving forward, we remain focused on navigating market dynamics and capitalizing on new business in order to build long-term value for our shareholders.

Fourth Quarter Financial Results

Sales income and others decreased by 93.9% to RMB3.2 million (US$0.5 million) from RMB52.2 million for the fourth quarter of 2024, which was primarily due to the winding down of our last-mile delivery business.

Total operating costs and expenses decreased by 31.8% to RMB111.6 million (US$16.0 million) from RMB163.7 million for the fourth quarter of 2024.

Cost of revenues decreased by 95.2% to RMB2.3 million (US$0.3 million) from RMB47.8 million for the fourth quarter of 2024, primarily due to the decrease in service cost as we wing down the last-mile delivery business.

General and administrative expenses decreased by 16.7% to RMB94.6 million (US$13.5 million) from RMB113.6 million for the fourth quarter of 2024, primarily due to the decrease in staff compensations.

Research and development expenses decreased by 20.3% to RMB10.2 million (US$1.5 million) from RMB12.8 million for the fourth quarter of 2024, as a result of the decrease in staff head count, which led to a corresponding decrease in staff salaries.

Loss from operations was RMB108.4 million (US$15.5 million), compared to RMB111.3 million for the fourth quarter of 2024, mainly due to the winding down of our last-mile delivery and decrease in staff compensations.

Interest and investment loss, net was RMB36.9 million (US$5.3 million), compared to an income of RMB8.0 million for the fourth quarter of 2024, mainly due to the decrease of income from investments in the fourth quarter of 2025.

Gain on derivative instrument was RMB37.3 million (US$5.3 million), compared to a loss of RMB32.6 million for the fourth quarter of 2024, mainly attributable to the increase in quoted price of the underlying equity securities relating to the derivative instruments we held.

Net loss attributable to the Company’s shareholders was RMB163.1 million (US$23.3 million), compared to RMB66.4 million in the fourth quarter of 2024. Net loss per diluted ADS was RMB1.03 (US$0.15).

Full Year 2025 Financial Results

Sales income and others decreased by 81.1% to RMB41.0 million (US$5.9 million) from RMB216.4 million for the year of 2024, which was primarily due to the winding down of our last-mile delivery business.

Total operating costs and expenses decreased by 16.2% to RMB439.7 million (US$62.9 million) from RMB524.9 million for 2024.

Cost of revenues decreased by 81.1% to RMB38.0 million (US$5.4 million) from RMB201.0 million for 2024, primarily due to the decrease in service cost as we wind down the last-mile delivery business.

General and administrative expenses increased by 5.4% to RMB291.5 million (US$41.7 million) from RMB276.6 million for 2024, primarily due to the increase in depreciation and property tax expenses following the completion of the construction of the Company’s headquarters and partially offset by the decrease in staff compensations.

Research and development expenses decreased by 21.9% to RMB45.7 million (US$6.5 million) from RMB58.5 million for 2024, primarily due to the decrease in staff head count, which led to a corresponding decrease in staff salaries.

Loss from operations was RMB398.4 million (US$57.0 million) compared to RMB308.1 million for 2024.

Interest and investment income, net increased by 160.6% to RMB990.4 million (US$141.6 million) from RMB380.1 million for 2024, primarily attributable to the increase of income from investments in the year of 2025.

Gain on derivative instrument was RMB188.7 million (US$27.0 million) from RMB19.5 million for 2024, mainly due to increase in quoted price of the underlying equity securities relating to the derivative instruments we held.

Net income attributable to the Company’s shareholders was RMB708.6 million (US$101.3 million), compared to RMB91.7 million in 2024; net income per diluted ADS was RMB4.25 (US$0.61).

Cash Flow

As of December 31, 2025, the Company had cash and cash equivalents of RMB5,532.4 million (US$791.1 million) and restricted cash of RMB1,523.7 million (US$217.9 million). Restricted cash mainly represents security deposits held in designated bank accounts for the guarantee of short-term borrowings. Such restricted cash is not available to fund the general liquidity needs of the Company.

For the fourth quarter of 2025, net cash provided by operating activities was RMB50.0 million (US$7.1 million), mainly attributable to proceeds from interest and investment income. Net cash used in investing activities was RMB1,347.6 million (US$192.7 million), mainly due to payments of deposit pledged as collateral for derivative instrument. Net cash used in financing activities was RMB128.0 million (US$18.3 million), mainly due to the repurchase of ordinary shares.

For the full year of 2025, net cash provided by operating activities was RMB687.2 million (US$98.3 million), mainly attributable to proceeds from interest and investment income. Net cash provided by investing activities was RMB851.8 million (US$121.8 million), mainly attributable to proceeds from redemption of short-term investments and redemption of deposit pledged as collateral for derivative instrument. Net cash provided by financing activities was RMB555.5 million (US$79.4 million), mainly due to the proceeds from short-term borrowings and partially offset by the repurchase of ordinary shares.

Update on Share Repurchase

Our Board approved a share repurchase program in March 2024 to purchase up to US$300 million worth of Class A ordinary shares or ADSs in the next 36 months starting from June 13, 2024. From the launch of the share repurchase program on June 13, 2024 to March 8, 2026, the Company has in aggregate purchased 28.0 million ADSs in the open market for a total amount of approximately US$77.7 million (an average price of $2.8 per ADS) pursuant to the share repurchase program.

As of March 8, 2026, the Company had in aggregate purchased 182.3 million ADSs for a total amount of approximately US$771.9 million (an average price of $4.2 per ADS).

About High Templar Tech Limited

High Templar Tech Limited (“High Templar”) is an enabler of AI-driven technology. High Templar is exploring innovative business opportunities globally to satisfy clients’ demand by leveraging its technology know-how and financial service capabilities.

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

Use of Non-GAAP Financial Measures

We use Non-GAAP net income/loss attributable to the Company’s shareholders, a Non-GAAP financial measure, in evaluating our operating results and for financial and operational decision-making purposes. We believe that Non-GAAP net income/loss attributable to the Company’s shareholders helps identify underlying trends in our business by excluding the impact of share-based compensation expenses, which are non-cash charges. We believe that Non-GAAP net income/loss attributable to the Company’s shareholders provides useful information about our operating results, enhances the overall understanding of our past performance and future prospects and allows for greater visibility with respect to key metrics used by our management in its financial and operational decision-making.

Non-GAAP net income/loss attributable to the Company’s shareholders is not defined under U.S. GAAP and is not presented in accordance with U.S. GAAP. This Non-GAAP financial measure has limitations as an analytical tool, and when assessing our operating performance, cash flows or our liquidity, investors should not consider them in isolation, or as a substitute for net loss /income, cash flows provided by operating activities or other consolidated statements of operation and cash flow data prepared in accordance with U.S. GAAP.

We mitigate these limitations by reconciling the Non-GAAP financial measure to the most comparable U.S. GAAP performance measure, all of which should be considered when evaluating our performance.

For more information on this Non-GAAP financial measure, please see the table captioned “Unaudited Reconciliation of GAAP and Non-GAAP Results” set forth at the end of this press release.

Exchange Rate Information

This announcement contains translations of certain RMB amounts into U.S. dollars (“US$”) at specified rates solely for the convenience of the reader. Unless otherwise stated, all translations from RMB to US$ were made at the rate of RMB6.9931 to US$1.00, the noon buying rate in effect on December 31, 2025, in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the RMB or US$ amounts referred could be converted into US$ or RMB, as the case may be, at any particular rate or at all.

Statement Regarding Preliminary Unaudited Financial Information

The unaudited financial information set out in this earnings release is preliminary and subject to potential adjustments. Adjustments to the consolidated financial statements may be identified when audit work has been performed for the Company’s year-end audit, which could result in significant differences from this preliminary unaudited financial information.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the United States 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. Among other things, the expectation of its collection efficiency and delinquency, contain forward-looking statements. High Templar may also make written or oral forward-looking statements in its periodic reports to 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. Statements that are not historical facts, including statements about High Templar’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: High Templar’s goal and strategies; High Templar’s expansion plans; High Templar’s future business development, financial condition and results of operations; High Templar’s expectations regarding demand for, and market acceptance of, its products; High Templar’s expectations regarding keeping and strengthening its relationships with customers, business partners and other parties it collaborates with; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in High Templar’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and High Templar does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For investor and media inquiries, please contact:

In China:
High Templar Tech Limited
Tel: +86-592-596-8208
E-mail: ir@hightemplar.com 

 

High Templar Tech Limited

Unaudited Condensed Consolidated Statements of Operations

Three months ended December 31,

(In thousands except for number

2024

2025

of shares and per-share data)

(Unaudited)

(Unaudited)

RMB

RMB

US$

Revenues:

Sales income and others

52,236

3,162

452

Total revenues

52,236

3,162

452

Operating cost and expenses:

Cost of revenues

(47,826)

(2,300)

(329)

Sales and marketing

(2,586)

(256)

(37)

General and administrative

(113,560)

(94,636)

(13,533)

Research and development

(12,816)

(10,236)

(1,464)

Expected credit reversal/(loss) for receivables and other assets

13,346

(3,168)

(453)

Impairment loss from other assets

(229)

(1,020)

(146)

Total operating cost and expenses

(163,671)

(111,616)

(15,962)

Other operating income

157

12

2

Loss from operations

(111,278)

(108,442)

(15,508)

Interest and investment income/(loss), net

7,971

(36,916)

(5,279)

Loss from equity method investments

(2,102)

(17,831)

(2,550)

(Loss)/Gain on derivative instruments

(32,648)

37,250

5,327

Foreign exchange gain/(loss), net

29,524

(27,344)

(3,910)

Other income

51,216

(7)

(1)

Other expenses

2,604

(1,037)

(148)

Net loss before income taxes

(54,713)

(154,327)

(22,069)

Income tax expenses

(11,647)

(8,816)

(1,261)

Net loss

(66,360)

(163,143)

(23,330)

Net loss attributable to the Company’s
shareholders

(66,360)

(163,143)

(23,330)

Loss per share for Class A and Class B ordinary
shares:

Basic

(0.38)

(1.03)

(0.15)

Diluted

(0.38)

(1.03)

(0.15)

Loss per ADS (1 Class A ordinary share equals 1
ADSs):

Basic

(0.38)

(1.03)

(0.15)

Diluted

(0.38)

(1.03)

(0.15)

Weighted average number of Class A and Class B
ordinary shares outstanding:

Basic

172,381,467

157,946,200

157,946,200

Diluted

177,303,133

162,728,128

162,728,128

Other comprehensive gain/(loss):

Foreign currency translation adjustment

60,308

(29,021)

(4,150)

Total comprehensive loss

(6,052)

(192,164)

(27,480)

Total comprehensive loss attributable to the
Company’s shareholders 

(6,052)

(192,164)

(27,480)

 

High Templar Tech Limited

Unaudited Condensed Consolidated Statements of Operations

Year ended December 31,

(In thousands except for number

2024

2025

of shares and per-share data)

(Unaudited)

(Unaudited)

RMB

RMB

US$

Revenues:

Sales income and others

216,428

40,964

5,858

Total revenues

216,428

40,964

5,858

Operating cost and expenses:

Cost of revenues

(201,023)

(38,045)

(5,440)

Sales and marketing

(5,868)

(8,064)

(1,153)

General and administrative

(276,565)

(291,504)

(41,685)

Research and development

(58,464)

(45,734)

(6,540)

Expected credit reversal/(loss) for receivables and other assets

18,616

(2,122)

(303)

Impairment loss from other assets

(1,570)

(54,276)

(7,761)

Total operating cost and expenses

(524,874)

(439,745)

(62,882)

Other operating income

298

377

54

Loss from operations

(308,148)

(398,404)

(56,970)

Interest and investment income, net

380,062

990,369

141,621

Loss from equity method investments

(4,049)

(18,937)

(2,708)

Gain on derivative instruments

19,457

188,711

26,985

Foreign exchange gain/(loss), net

20,658

(46,305)

(6,622)

Other income

61,352

26,020

3,721

Other expenses

(11,795)

(2,152)

(308)

Net income before income taxes

157,537

739,302

105,719

Income tax expenses

(65,806)

(30,675)

(4,386)

Net income

91,731

708,627

101,333

Net income attributable to the Company’s
shareholders

91,731

708,627

101,333

Earnings per share for Class A and Class B ordinary
shares:

Basic

0.50

4.37

0.63

Diluted

0.49

4.25

0.61

Earnings per ADS (1 Class A ordinary share equals 1
ADSs):

Basic

0.50

4.37

0.63

Diluted

0.49

4.25

0.61

Weighted average number of Class A and Class B
ordinary shares outstanding:

Basic

182,859,075

162,123,417

162,123,417

Diluted

187,780,699

166,905,308

166,905,308

Other comprehensive gain/(loss):

Foreign currency translation adjustment

37,882

(68,933)

(9,857)

Total comprehensive income

129,613

639,694

91,476

Total comprehensive income attributable to the
Company’s shareholders 

129,613

639,694

91,476

 

 

High Templar Tech Limited

Unaudited Condensed Consolidated Balance Sheets

As of December 31,

As of December 31,

(In thousands except for number

2024

2025

of shares and per-share data)

(Unaudited)

(Unaudited)

RMB

RMB

US$

ASSETS:

 Current assets:

 Cash and cash equivalents

4,263,312

5,532,376

791,119

 Restricted cash and cash equivalents

781,187

1,523,658

217,880

 Time and structured deposit

2,009,019

1,885,243

269,586

 Derivative instruments-asset

–

113,191

16,186

 Short-term investments

1,118,547

879,225

125,727

 Accounts receivables

34,275

5,351

765

 Other current assets

1,933,182

1,420,231

203,090

 Total current assets

10,139,522

11,359,275

1,624,353

 Non-current assets:

 Right-of-use assets

158,007

92,623

13,245

 Investment in equity method investee

146,101

126,533

18,094

 Long-term investments

78,987

72,769

10,406

 Property and equipment, net

1,586,034

1,677,993

239,950

 Intangible assets

2,207

1,586

227

 Other non-current assets

353,369

282,132

40,345

 Total non-current assets

2,324,705

2,253,636

322,267

TOTAL ASSETS

12,464,227

13,612,911

1,946,620

 

High Templar Tech Limited

Unaudited Condensed Consolidated Balance Sheets (Continued)

As of December 31,

As of December 31,

(In thousands except for number

2024

2025

of shares and per-share data)

(Unaudited)

(Unaudited)

RMB

RMB

US$

LIABILITIES AND SHAREHOLDERS’ EQUITY 

 Current liabilities: 

 Short-term borrowings

720,000

1,576,000

225,365

 Short-term lease liabilities

18,697

4,233

605

 Derivative instruments-liability

89,895

52,012

7,438

 Accrued expenses and other current liabilities 

262,078

290,252

41,506

 Income tax payable 

33,423

58,156

8,316

 Total current liabilities 

1,124,093

1,980,653

283,230

 Non-current liabilities: 

 Long-term lease liabilities

48,706

655

94

 Total non-current liabilities 

48,706

655

94

 Total liabilities 

1,172,799

1,981,308

283,324

 Shareholders’ equity: 

 Class A Ordinary shares 

132

132

18

 Class B Ordinary shares 

44

44

6

 Treasury shares 

(1,419,286)

(1,716,516)

(245,459)

 Additional paid-in capital 

4,026,668

4,024,379

575,479

Accumulated other comprehensive profit/(loss)

13,752

(55,181)

(7,891)

 Retained earnings 

8,670,118

9,378,745

1,341,143

Total equity

11,291,428

11,631,603

1,663,296

TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 

12,464,227

13,612,911

1,946,620

 

High Templar Tech Limited

Unaudited Reconciliation of GAAP And Non-GAAP Results

Three months ended December 31,

2024

2025

(In thousands except for number

(Unaudited)

(Unaudited)

of shares and per-share data)

RMB

RMB

US$

Total net loss attributable to the Company’s shareholders

(66,360)

(163,143)

(23,330)

Add: Share-based compensation expenses 

2,150

–

–

Non-GAAP net loss attributable to the Company’s shareholders

(64,210)

(163,143)

(23,330)

Non-GAAP net loss per share—basic

(0.37)

(1.03)

(0.15)

Non-GAAP net loss per share—diluted

(0.37)

(1.03)

(0.15)

Weighted average shares outstanding—basic

172,381,467

157,946,200

157,946,200

Weighted average shares outstanding—diluted

177,303,133

162,728,128

162,728,128

 

High Templar Tech Limited

Unaudited Reconciliation of GAAP And Non-GAAP Results

Year ended December 31,

2024

2025

(In thousands except for number

(Unaudited)

(Unaudited)

of shares and per-share data)

RMB

RMB

US$

Total net income attributable to the Company’s shareholders

91,731

708,627

101,333

Add: Share-based compensation expenses 

2,258

–

–

Non-GAAP net income attributable to the Company’s shareholders

93,989

708,627

101,333

Non-GAAP net income per share—basic

0.51

4.37

0.63

Non-GAAP net income per share—diluted

0.50

4.25

0.61

Weighted average shares outstanding—basic

182,859,075

162,123,417

162,123,417

Weighted average shares outstanding—diluted

187,780,699

166,905,308

166,905,308

 

 

Waterdrop Inc. to Report Fourth Quarter and Fiscal Year 2025 Financial Results on March 25, 2026

By
Advertorial Desk
-

BEIJING, March 11, 2026 /PRNewswire/ — Waterdrop Inc. (NYSE: WDH) (“Waterdrop” or the “Company”), a leading technology platform dedicated to insurance and healthcare service with a positive social impact, today announced that it will report its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2025, before U.S. markets open on Wednesday, March 25, 2026.

Waterdrop’s management team will hold a conference call on March 25, 2026 at 8:00 AM U.S. Eastern Time (8:00 PM Beijing/Hong Kong Time on the same day) to discuss the financial results. Dial-in details for the earnings conference call are as follows:

International:

1-412-317-6061

United States Toll Free:

1-888-317-6003

Hong Kong Toll Free:

800-963976

Hong Kong:

852-58081995

Mainland China:

4001-206115

Chinese Line (Mandarin) Entry Number:

1613336

English Interpretation Line (Listen-only Mode) Entry Number:

0047529

Participants can choose between the Chinese and the English interpretation lines. Please note that the English interpretation option will be in listen-only mode. Please dial in 15 minutes before the call is scheduled to begin and provide the Elite Entry Number to join the call.

Telephone replays will be accessible two hours after the conclusion of the conference call through April 1, 2026 by dialing the following numbers:

United States Toll Free:

1-855-669-9658

International Toll:

1-412-317-0088

Chinese Line Access Code:

2333750

English Interpretation Line Access Code:

7366741

Additionally, live and archived webcasts of the conference call will be available at the Company’s investor relations website at http://ir.waterdrop-inc.com/.

About Waterdrop Inc.

Waterdrop Inc. (NYSE: WDH) is a leading technology platform dedicated to insurance and healthcare service with a positive social impact. Founded in 2016, with the comprehensive coverage of Waterdrop Insurance Marketplace and Waterdrop Medical Crowdfunding, Waterdrop aims to bring insurance and healthcare service to billions through technology. For more information, please visit www.waterdrop-inc.com.

For investor inquiries, please contact

Waterdrop Inc.
IR@shuidi-inc.com

Bokeo-Xayabouly Road Project Reaches 30 Percent Completion

By
Phoudasack Vongsay
-
The 53-kilometer road construction project linking the northern provinces of Bokeo and Xayabouly has reached 30 percent completion.

A road construction project linking two northern provinces, Bokeo and Xayabouly, has reached 30 percent completion, according to officials following a recent inspection.

On 8 March, Lao Deputy Prime Minister Saleumxay Kommasith and the Minister of Public Works and Transport visited the construction site to monitor progress and accelerate the project’s implementation.

Spanning a total length of 53 kilometers through challenging northern terrain, the road is designed with a width of 8 meters to accommodate two-way traffic. The project carries a total investment of over LAK 318 billion (approximately USD 14.9 million) and is scheduled to be completed within four years. The project is being carried out by the Douang Chaleun Group, which began work in July 2023.

Officials said work is progressing across several sections along the route. Some parts between Houayxay and Paktha have already been paved, with completed segments ranging from 5 to 10 kilometers.

Despite the progress, authorities said the project has experienced some delays due to budget constraints affecting payments under the construction contract.

Once completed, the road is expected to improve transportation between the two northern provinces and eventually connect to Vientiane Capital.

During the visit, the delegation also inspected a 3.6-kilometer Mekong River riverbank protection project in Huayxay district, valued at over LAK 350 billion (USD 16.3 million), which has reached 3.35 percent completion.

Mitsubishi Logisnext Asia Pacific Rebrands as Logisnext Asia Pacific, to Strengthen Leadership in Logistics Solutions

By
Advertorial Desk
-

SINGAPORE – Media OutReach Newswire – 11 March 2026 – Mitsubishi Logisnext Asia Pacific (MLAP) announced today it will be rebranded to Logisnext Asia Pacific in the future, aligning with the strategic direction set by Mitsubishi Logisnext Co. Ltd. (ML) for its group companies.

This global change will mark a significant step in ML’s ongoing transformation, guided by the “Logisnext Vision 2035“. As part of this process, ML has formed a partnership with Japan Industrial Partners (JIP) as the new strategic partner to support sustainable growth and long-term value creation. Consequently, all group companies will adopt the new company name from 30th of April.

Commitment to Customers
“While our name is changing, our commitment to customers and dealer partners remains unchanged,” said Yasumitsu Baba, Managing Director of Mitsubishi Logisnext Asia Pacific. “We will continue to provide reliable equipment, trusted services, and solutions that drive customer success, while further strengthening our global alignment.”

Global and Regional Strategy
Logisnext operates globally through four regional hubs: Japan, EAME (Europe, Africa, CIS, and Middle East), Americas, and APAC/C/SA (Asia Pacific, China and South Africa). This structure enables the group to reinforce its position as a leading solutions provider in the logistics industry answering to the local customers’ needs.

In line with the rebrand, the global Logisnext group will implement strategic changes to its brand portfolio in the coming years. These are tailored to the specific needs of each region, ensuring the best fit to serve regional markets. Starting with Japan, “Mitsubishi Forklift Trucks” product lines will rebrand to “Logisnext”.

APAC/C/SA Region Update
In the APAC/C/SA region, the “Mitsubishi Forklift Trucks” will transit to “Logisnext Forklifts” in the coming years as part of the rebranding initiative. During this period and beyond, we are committed to continue offering customers the same dependable engineering, innovative equipment and comprehensive solutions, delivered through our dealer partners. Mitsubishi Forklift Trucks is best known for its Reliability, Quality and Value for Money will continue to be with the “Logisnext Forklifts” brand, customers can expect same ownership experience and satisfaction.

Transition and Support
Throughout this transition, MLAP is prioritising stability and consistency for dealer partners and customers. All current support teams and service structures will remain in place, ensuring a seamless process for all stakeholders.

Hashtag: #MitsubishiLogisnextAsiaPacific #LogisnextAsiaPacific #MitsubishiForkliftTrucks #MitsubishiForklifts #LogisnextForklifts

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

About Mitsubishi Logisnext Asia Pacific

We are part of Mitsubishi Logisnext that operate globally, based in Kyoto, Japan with presence in Asia, EAME, the Americas, and the Pacific, the Group has a rich history of innovation and is now further strengthening its position as a leading provider of materials handling solutions.

Mitsubishi Logisnext Asia Pacific offers scalable solutions from material handling and extensive fleet support. Headquartered in Singapore, it offers a complete portfolio of advanced counterbalanced, warehouse and automation products and solutions. Other brands in the Mitsubishi Logisnext Asia Pacific portfolio include Cat® Lift Trucks, TCM, UniCarriers and Nichiyu. All products are backed by an extensive dealer network of 98 dealer locations offering industry-leading customer service and product support.

For more information, visit https://www.logisnext.com.sg

Food & Hospitality Asia 2026 Returns as the Biggest Event in a Decade

By
Advertorial Desk
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  • Over 2,750 Exhibitors from 50+ Countries to Showcase 800,000+ Food & Beverage Innovations, co-locating with Prowine Singapore and IndusFood Asia
  • European Union Debuts as Region of Honour, bringing together the best Premium Products from the Region
  • Brand New FutureFWD feature area showcasing latest Food Technology Solutions, Expanded Coffee, Bar & Tea as well as strong presence in Fresh Produce and Dairy Segments
  • Young Chefs Grand Prix Debuts Alongside Asian Pastry Cup and FHA Bakery & Dessert Challenges

SINGAPORE, March 11, 2026 /PRNewswire/ — Food & Hospitality Asia (FHA), Asia’s Premier International Food and Hospitality event organised by Informa Markets, makes a return this 21-24 April 2026 at the Singapore EXPO, with Mr. Alvin Tan, Minister of State for the Ministry of Trade and Industry, as the Guest of Honour.  Bringing together FHA F&B (Food & Beverage) and FHA HoReCa (Hotel, Restaurant, Cafe), as well as co-locating with Prowine Singapore and IndusFood Asia in a single edition, the unified event cements itself as the ultimate one-stop platform for Asia’s F&B professionals and industry leaders to source efficiently from global suppliers, establish valuable connections, and gain fresh insights on the latest market trends.

FHA 2025, Singapore Pavilion
FHA 2025, Singapore Pavilion

FHA 2026 will cover 18 segments across the full spectrum of the food, beverage, and hospitality industries. The biggest FHA event in a decade, this year’s key segments for food and beverage include spotlights on Fresh Produce, Convenience Food, Fine Food, Halal, Seafood, Wine & Spirits. For HoReCa, an expanded Coffee, Tea, and Bar segment joins the lineup alongside Bakery, Pastry & Gelato, Foodservice Technology, and more.

An estimated 2,750 exhibitors, including 76 group pavilions from over 50 countries and regions, are set to participate, alongside 80,000 attendees from more than 115 countries. Notably, over 38% of exhibitors are first-time participants, showcasing more than 800,000 products, brands, and innovations, adding unprecedented diversity and innovation to the event. With 80% of exhibitors being international, the European Union takes centre stage as the Region of Honour, highlighting its exceptional offerings.

What’s new at FHA 2026

Debuting at FHA 2026, FutureFWD is a groundbreaking 4-day event showcasing next-generation solutions that transform operations and customer experiences across hospitality, foodservice, retail, and technology. The FutureFWD Seminar highlights digital innovation, sustainability, and shifting consumer expectations, featuring expert keynotes, panels, and networking to deliver actionable insights and connections for business success. Industry leaders are revolutionizing food service and hospitality: RestoSuite drives operational excellence, Singtel Stack-EZ, Seito, and Xilnex Holdings streamline efficiency with digital integration, and Rolo Robotics and Koomi boost productivity through automation and advanced point-of-sale technologies. Lunchbox Asia and OpenTable redefine customer engagement, Zennio enhances personalized guest experiences, and Razer Fintech/Fiuu transforms secure payment solutions. Together, these innovators are shaping the future of hospitality.

We are thrilled to announce our collaboration with IndusFood for the inaugural international launch of IndusFood Asia 2026, set to debut at FHA 2026. Supported by the Ministry of Commerce & Industry, Government of India, this strategic partnership unites two premier platforms to elevate Asia’s food and beverage trade while spotlighting India’s vibrant and innovative food and beverage ecosystem on the global stage.

New to FHA’s lineup, the Young Chefs Grand Prix is a premier competition for culinary talents aged 25 and under, featuring over 300 participants from 10+ countries. This dynamic event tests creativity and adaptability through unique challenges like an ingredient-sourcing relay and live cook-off. A collaboration with the Singapore Chefs Association, Singapore Junior Chefs Club, and endorsed by Worldchefs, it joins popular events like the FHA Bakery Challenge, FHA Dessert Challenge, and Asian Pastry Cup, delivering an exciting showcase of culinary excellence.

The newly expanded Coffee, Tea and Bar segment now includes bar equipment and solutions, reflecting the growing trend of cafés and restaurants across ASEAN integrating bar-style beverage offerings like craft cocktails, cold brew taps, and mixology-inspired presentations. Featured manufacturers include Cimbali, Bravilor Bonamat, Melitta, Bunn-O-Matic, Mazzer, Nuova Ricambi, Fiamma, Barsetto, Moseener, and Joper, showcasing premium coffee machines, grinders, and roasting equipment. Complementing this lineup are leading syrup and beverage brands such as DaVinci Gourmet, Monin, Shott Beverages, 1883 Maison Routin, and Australian Fruit Juice, offering innovative solutions to elevate drink creation and beverage service in the hospitality sector.

Must-see show segments

The Fresh Produce Segment bring together the industry’s most comprehensive network of leading producer in potato products. Featured names include McCain, one of the world’s largest frozen potato manufacturers; Lamb Weston, a global innovator in frozen potato solutions; Simplot, renowned for advanced processing technologies; and Agristo, a European leader in potato specialties. Regional champions such as Iscon Balaji, VLAM Potato, Papatos, McPatel, Funwave, Bizz Corporation, and Comfortly Food further solidify FHA as the premier platform for sourcing fresh, frozen, processed, and value-added potato products.

This year’s edition brings together the most comprehensive gathering of global Dairy manufacturers, featuring industry leaders renowned for innovation and quality. Highlights include Savencia, specialists in premium cheeses like Elle & Vire; Lactalis, offering the iconic President brand; Sodiaal, home to Candia; Fonterra, creators of Anchor; Urenholt, makers of Emborg; and Ingredia, experts in milk proteins. Other notable names include VLAM Dairy, US Dairy Export Council, Saputo, Sterilgarda, AHDB Dairy, ZZA Mozzarella, Vandersterre, DMK, Molkerei Ammerland, and Ehrmann. This unparalleled lineup offers food service professionals and buyers direct access to innovations in cheese, butter, cream, milk powders, and plant-based alternatives.

Seminars not to miss

Seminars at FHA 2026 ignite bold conversations, driving lasting change in food and hospitality.

The FHA Mainstage brings together leaders and pioneers to explore trends shaping Asia’s food and hospitality future. Through dynamic discussions and insights, it tackles consumer shifts, investment landscapes, and innovations in food safety and health, empowering the industry to move forward.

The FutureFWD Seminar bridges hospitality, foodservice, retail, and technology, focusing on digital innovation, sustainability, and evolving consumer expectations. With expert keynotes, panels, and networking, it delivers actionable insights and connections to help businesses thrive in a changing landscape.

The Sustainability Summit, aligned with UN Sustainable Development Goals, gathers innovators and changemakers to turn ideas into action. From alternative proteins to low-carbon hospitality, it’s where inspiration meets impact for people, business, and the planet.

Secure complimentary trade ticket to Asia’s Leading International F&B Event for a limited time. Visit the official website at www.foodnhotelasia.com to register.

For more information, visit www.foodnhotelasia.com

Hospitality, Food & Beverage at Informa Markets 

Informa Markets’ Hospitality, Food & Beverage portfolio includes a series of global in-person trade events and an online content platform Saladplate – aimed at fostering business relationships, enabling learning, and enhancing trade opportunities for the industry.

With several established events within the portfolio such as Hotelex Shanghai, Food&HotelAsia, HOFEX, Fispal Food Service, and Abastur, the portfolio together offers an unparalleled audience reach across the world. Staging 35 live and digital events in major cities including Shanghai, Hong Kong, Singapore, Ho Chi Minh City, Seoul, Kuala Lumpur, Mumbai, Bangkok, Sao Paulo, and Mexico City.

Working alongside established industry partners, government bodies, and recognised professionals, the portfolio aims at bringing companies, individuals, and the industry to the forefront of global business innovation by offering solutions and opportunities that meet today’s business needs.

About Informa Markets 

Food and Hospitality Asia is organised by Informa Markets, a division of Informa plc. Informa Markets creates platforms for industries and specialist markets to trade, innovate and grow. We provide marketplace participants around the globe with opportunities to engage, experience and do business through face-to-face exhibitions, targeted digital services, and actionable data solutions. We connect buyers and sellers across more than a dozen global verticals, including Pharmaceuticals, Food, Medical Technology, and Infrastructure. As the world’s leading market-making company, we bring a diverse range of specialist markets to life, unlocking opportunities and helping them to thrive 365 days a year.

For more information, please visit www.informamarkets.com. 

 

34th Guzhen Lighting Fair | 100+ Overseas Buyers Onboard

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Advertorial Desk
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ZHONGSHAN, China, March 11, 2026 /PRNewswire/ — The 34th Guzhen Lighting Fair will grandly kick off from March 18 to 21, 2026 at the Guzhen Convention and Exhibition Center in Zhongshan city, Guangdong Province, China.

Centered on spring sourcing and focusing on the domestic market, the fair is committed to helping enterprises expand international resources. For the first time, it has invited 100+ high-quality overseas major buyers to gather in the Lighting Capital.

Meanwhile, three business matching sessions and an Interstellar Plaza guided tour will be held, building an efficient international docking platform for both supply and demand sides.

1. Global Sourcing Network: Malaysia Purchasing Mission Launched Exclusively

The fair brings together top overseas buyers worldwide, covering Russia, Southeast Asia, West Asia, Europe, Africa, South America and other diverse regions. With an extensive geographical layout and in-depth market radiation, it helps enterprises open global trade channels efficiently.

In addition, the Ancient Town Lighting Fair has reached in-depth cooperation with the Malaysia-China General Chamber of Commerce (MGCC) to launch a special Malaysia Purchasing Mission.

Founded in 1990, MGCC has 10 branches across Malaysia and over 2,000 member enterprises spanning trade, manufacturing, retail and other industries, serving as a vital bridge for Malaysia-China economic and trade development.

Leveraging the chamber’s strong resource integration strengths, the mission will gather high-quality buyers with solid strength and clear sourcing demands. It injects powerful new impetus for exhibitors to accurately connect with overseas markets and expand Southeast Asian businesses.

2. Three Matching Sessions: A Precise Docking Bridge for Supply & Demand

During the fair, 3 special business matching sessions will be held, inviting exhibitor representatives and key overseas buyers to participate. Through pre-event demand research, communication and on-site negotiations, the fair provides one-stop precise matching services for both sides. It greatly reduces communication costs and facilitates efficient docking and quick transactions.

3. Interstellar Plaza Guided Tour: On-site Visit to Source Lighting Suppliers

Beyond sourcing at the main venue, the fair will host an Interstellar Plaza Guided Tour, leading the Malaysia Purchasing Mission to visit enterprise shops at the Plaza in person.

Interstellar Plaza is home to numerous shops with products covering the entire lighting industry chain. It has won merchants’ trust with high-quality services, emerging as a professional flagship wholesale market integrating display, transaction and warehousing.

Adhering to the philosophy of “Original Lamps, Made in Star; Choose New Products, Come to Star“, every lamp here embodies the full-chain original gene from design to production, perfectly aligning with global buyers’ demand for direct supply from the source and innovative design.

Overseas buyers can experience the unique advantages of the fair’s “Exhibition & Megastore Linkage” model through on-site visits and exchanges. By delving into the source market, they can connect with richer product resources, meet multi-level sourcing demands through professional matching, and effectively reduce exhibition costs.

 

Attapeu Corruption Case Exposes Billions in Stolen Public Funds, 38 Suspects Implicated

By
Phoudasack Vongsay
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Authorities in Attapeu Province announcing the information about the major corruption case involving billions in Lak and misused public funds. (Photo by Attapeu Provincial Military Command News)

Authorities in Attapeu Province have uncovered one of the province’s most significant corruption cases to date, involving 38 suspects and resulting in staggering financial losses that have shaken public trust in local governance.

According to Souvansy Keopaseuth, Head of the Provincial Anti-Corruption Organization, who reported on 10 March, the total losses comprise over LAK 158 billion (approximately USD 7.4 million) and an additional USD 369,000. 

At the center of the case is Souvixay “Mou” Souliyalay, the primary suspect, who fled to Thailand following the initial investigation. He later surrendered to provincial authorities in December 2024, triggering a broader probe that identified 37 additional suspects. 

Investigators found that misappropriated funds were drawn from multiple sources, including government ministry budgets, disaster relief funds earmarked for victims in Sanamxay district, and loans obtained from financial institutions.

Of the 38 suspects identified, 12 have been prosecuted and sentenced, while 26 remain under active investigation. The suspects include 19 government officials, one of whom has since died, three centrally managed officials, including one retiree, 16 individuals directly linked to the corruption offenses, and 10 others connected to related criminal activities.

In conjunction with the investigation, authorities seized several assets, including 14 land plots, four vehicles, two motorcycles, and one mobile phone.

Souvansy confirmed that investigators have completed their work and formally submitted the case file to the Provincial People’s Prosecutor’s Office. Remaining matters are still being processed, and further announcements will be made as results become available.

BitGo invests in Ubyx and joins as a settlement agent to accelerate institutional digital asset infrastructure

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Advertorial Desk
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Ubyx appoints BitGo B&T, N.A. as a settlement agent, expanding regulated digital asset acceptance across global financial institutions

NEW YORK and PALO ALTO,Calif., March 11, 2026 /PRNewswire/ — Ubyx Inc., a provider of clearing and acceptance infrastructure for tokenised deposits and regulated stablecoins, today announced a strategic investment from BitGo Ecosystem Holdings LLC (“BitGo Ecosystem Holdings”), an affiliate of BitGo Holdings, Inc. (“BitGo”). Ubyx also announced the appointment of BitGo Bank & Trust, N.A. (“BitGo B&T”), a subsidiary of BitGo and an OCC-regulated trust bank, as a settlement agent within the Ubyx network.

BitGo invests in Ubyx
BitGo invests in Ubyx

The partnership positions BitGo B&T as a core settlement partner within Ubyx’s shared infrastructure for regulated digital assets. BitGo B&T’s digital asset infrastructure will deliver institutional-grade custody and settlement services, enabling the secure movement of regulated digital assets between issuers and receiving institutions.

“Regulated digital asset infrastructure requires trusted institutional participants who can operate at the intersection of traditional finance and blockchain technology,” said Frank Wang, Head of Fintech at BitGo. “Ubyx is solving a critical structural challenge by enabling multiple issuers and multiple receivers to transact seamlessly while preserving par-value integrity. By joining as a settlement agent and investor, BitGo B&T is supporting the infrastructure necessary for digital assets to scale globally within regulated frameworks.”

Tony McLaughlin, CEO of Ubyx, said: “BitGo B&T brings deep institutional custody expertise and regulatory credibility to the Ubyx network at a time when banks and financial institutions are moving from digital money pilots to operational deployment. As an OCC-regulated trust bank and owned by a publicly traded company, BitGo exemplifies the type of institution that can support regulated digital assets at scale. This partnership demonstrates that institutional infrastructure providers recognize the need for shared clearing and acceptance networks as regulated digital assets enter mainstream financial flows.”

The Ubyx model separates network coordination from custody and settlement execution. BitGo B&T’s status as an OCC-regulated trust bank, combined with BitGo Holdings, Inc.’s position as a publicly listed company, reinforces Ubyx’s strategy of anchoring digital asset infrastructure in regulated, systemically credible institutions rather than proprietary or closed ecosystems. This meets the operational, regulatory and governance standards expected by global banks and their supervisors.

The participation of BitGo Ecosystem Holdings as an investor, alongside BitGo B&T’s role as an infrastructure and settlement provider, reflects growing institutional recognition that digital money infrastructure must solve the “many-to-many problem”. This means connecting multiple issuers with multiple receivers in a neutral, scalable environment that preserves the singleness of money across digital and traditional financial systems.

Disclaimer: Stablecoins are not covered by FDIC or SIPC, or any other governmental or non-governmental insurance programs. Any loss of value or loss of the Stablecoins themselves may not be offset or reimbursed by insurance.

About BitGo

BitGo (NYSE: BTGO) is the digital asset infrastructure company delivering custody, wallets, staking, trading, financing, stablecoins, and settlement services from regulated cold storage. Since 2013, BitGo has focused on accelerating the transition of the financial system to a digital asset economy. BitGo maintains a global presence and multiple regulated entities, including BitGo Bank & Trust, National Association, a federally chartered digital asset bank. Today, BitGo serves thousands of institutions, including many of the industry’s top brands, financial institutions, exchanges, and platforms, and millions of clients.

For more information, please visit https://www.bitgo.com

About Ubyx

Ubyx was founded to enable the global acceptance of regulated digital money by connecting multiple issuers with multiple receiving institutions in a shared settlement environment. Ubyx supports the redemption of tokenised deposits and regulated stablecoins at par value and helps preserve the singleness of money across emerging digital financial ecosystems.

For more information, visit https://ubyx.xyz

Media Contacts:

BitGo: press@bitgo.com

Ubyx: press@ubyx.xyz 

 

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