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COSRX Becomes the First K-Beauty Patron of the British Beauty Council

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Global science-led skincare brand COSRX joins the British Beauty Council as its first K-Beauty patron, strengthening its commitment to industry education, innovation and advocacy.

NEW YORK, Aug. 21, 2026 /PRNewswire/ — Global skincare brand COSRX has announced its patronage of the British Beauty Council, becoming the organization’s first-ever K-Beauty patron. The partnership marks a significant milestone for both COSRX and the British Beauty Council, reflecting the growing global influence of Korean beauty while reinforcing a shared commitment to advancing industry standards through education, innovation and advocacy.

COSRX Becomes the First K-Beauty Patron of the British Beauty Council
COSRX Becomes the First K-Beauty Patron of the British Beauty Council

As a patron, COSRX will work alongside the British Beauty Council to support key industry initiatives, including the Council’s UV Safety Coalition, helping to drive greater awareness around sun protection, skincare education and public health. The partnership also represents COSRX’s continued commitment to contributing to the global beauty industry as the brand expands its international presence and participates in broader conversations shaping the future of skincare.

COSRX Founder Jun Sang Hun said about the partnership:
“At COSRX, our mission has always been to help people rediscover their skin’s healthy, natural beauty through effective, science-backed skincare—and empower them to live better lives with greater confidence. We believe that positive changes in the skin inspire confidence, and that confidence helps shape a better tomorrow. This is what “Expecting Tomorrow” means to COSRX.”

For over a decade, COSRX has redefined what science-led skincare can look like. Combining COSmetics and RX (Prescription), the brand was founded on the principle of creating simple, effective skincare solutions rooted in scientific research and a deep understanding of consumers’ skin concerns. Its targeted formulations are designed to support healthier-looking skin while empowering individuals to build effective, accessible skincare routines with confidence.

Built on the belief that skincare should deliver more than surface-level results, COSRX has earned global recognition for its high-performance formulations across barrier care, hydration, sensitivity and skin texture. Championing carefully selected ingredients and high-efficacy formulas, the brand combines concentrated active ingredients with uncomplicated routines to deliver visible, result-driven skincare.

Speaking about the partnership, Millie Kendall OBE, Chief Executive Officer of the British Beauty Council, said:
“We’re delighted to welcome COSRX as the British Beauty Council’s first K-Beauty patron. Korean beauty continues to shape the global industry, and COSRX brings valuable expertise to our community. This partnership reflects the increasingly global nature of beauty, and we look forward to what we can achieve together.”

From pioneering the use of innovative ingredients in mainstream skincare to developing next-generation formulations powered by cutting-edge actives including peptides, PDRN and exosomes, COSRX continues to advance innovation across the skincare category. The brand’s portfolio includes hero products such as the 6 Peptide Skin Booster Serum, the Blue Peptide Bakuchiol Plump Glow Serum, the Peptide Collagen Hydrogel Eye Patch, and the Ceramide Skin Barrier Moisturizer, offering targeted solutions across barrier support, hydration and a range of everyday skin concerns.

Through its patronage, COSRX and the British Beauty Council will work collaboratively to champion education, promote evidence-led skincare practices and support initiatives that positively impact the beauty industry and consumers.

About COSRX
Rooted in science and driven by results, COSRX is a global derma skincare brand known for high-performance, accessible formulations developed around carefully selected ingredients and real skin concerns. Through ingredient-led innovation and consumer-focused product development, COSRX creates effective skincare solutions that are easy to understand and incorporate into everyday routines. Its award-winning portfolio is available through COSRX.com and leading retailers including Olive Young, Amazon, ULTA, Revolve, Dermstore, Nordstrom and Target. Follow ‘@cosrx’ on Instagram and TikTok for the latest product launches, skincare tips and brand updates.

Angel Yeast’s AHH Packaging Design Recognized with Red Dot Award

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SHANGHAI, Aug. 20, 2026 /PRNewswire/ — Angel Nutritech, a professional yeast biotechnology subsidiary under Angel Yeast (SSE: 600298), has been recognized for its Angel Human Health (AHH) yeast essence packaging design with a Red Dot Award: Brands & Communication Design 2026.


Design Inspired by Scientific Rigor and Modern Elegance

Drawing inspiration from Angel Yeast’s more than four decades of expertise in fermentation technology, the packaging design for AHH yeast essence translates the “Yeast Regeneration and Repair without Boundaries” concept into a compelling visual language. The design team consciously evoked the microscopic process of yeast cell division and budding, employing a minimalist visual of interlocking circles to show the moment of cell division, thereby conveying the product’s core value: cellular level skin repair.

The symbolism of yeast cell division also communicates the form of a plump droplet of the yeast essence, echoing the product’s highly pure, concentrated nature. The bottles containing the essence have a silhouette that tapers at the top and is full at the base, lending the packaging a sense of stability and dynamic three-dimensionality.

The design pairs pure white with luxurious gold accents, utilizing hot-stamping and embossing techniques to ultimately achieve a clean, professional aesthetic that balances minimalism with premium visual appeal.

Aesthetic Appeal Meets Functionality and Sustainability

Going beyond visual appeal, AHH’s packaging design prioritizes functionality and environmental responsibility. Serum products feature individually sealed, single-use ampoules that deliver precise dosing with every application. This design safeguards the stability of active ingredients, helps prevent contamination during use, and offers a compact, portable format that fits seamlessly into daily routines and travel alike.

For products such as toners, emulsions and cleansers, AHH adopts ergonomic, non-slip designs paired with pump dispensers equipped with removable locking clips. This thoughtful engineering effectively prevents accidental leakage during travel, ensuring that every product remains secure, easy to handle and convenient to use on the go.

In terms of sustainability, the packaging incorporates FSC-certified paper, soy-based inks, and recyclable plastics, striving to minimize the environmental footprint while maintaining product quality. By integrating these green design principles, AHH demonstrates its commitment to responsible packaging that protects both the product and the planet.

The Red Dot Award: A Global Mark of Trust

“Winning the Red Dot Award is a testament to our team’s relentless pursuit of merging scientific rigor with modern elegance,” said Zhou Chenpeng, General Manager of Angel Nutritech. “This recognition validates our belief that packaging is not just a container, but a crucial touchpoint in the consumer’s skincare journey.”

The Red Dot Award: Brands & Communication Design 2026 recognition not only validates Angel Nutritech’s design innovation and brand strength but also serves as a powerful indicator of the company’s internal synergy, its commitment to design-driven value, and its deep focus on the consumer upgrade trend. The accolade reflects a coordinated effort across the organization, where design excellence is treated not as an afterthought but as a core driver of brand value.

Beyond the internal significance, the award adds a credible anchor of trust for the brand’s communication in the global consumer market. As AHH continues to expand its international presence, this independent, internationally recognized honor strengthens consumer confidence in the quality and design integrity of the yeast essence series, supporting the brand’s storytelling and market positioning on a worldwide stage.

Looking forward, the Angel Nutritech design team will continue its dedication to blending practical functionality with modern aesthetics, creating innovative product ranges that reflect the brand’s warmth and infusing greater creative momentum into the company’s development of high-quality yeast products.

Hotel Shilla Rises to 21st on Brand Finance’s Global Hotel Brand Ranking, the Only Korean Hotel Brand in Top 50

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Moves up two places from 2025 in ‘Hotels 50 2026,’ marking continued gains in global brand standing

  • Hotel Shilla ranks 21st in Brand Finance’s ‘Hotels 50 2026,’ the only Korean hotel brand in the Top 50.
  • Three-brand portfolio of The Shilla, Shilla Monogram, and Shilla Stay delivers differentiated brand experiences through premium service and culinary excellence.
  • Forbes Travel Guide and La Liste recognition, alongside expansion in China and Vietnam, underscores Hotel Shilla’s global competitiveness.

SEOUL, South Korea, Aug. 21, 2026 /PRNewswire/ — Hotel Shilla, South Korea’s leading luxury hospitality company and an affiliate of Samsung Group, ranked 21st among the world’s most valuable hotel brands in ‘Hotels 50 2026,’ published by UK-based brand valuation consultancy Brand Finance.

The Shilla Seoul: Yeong Bin Gwan
The Shilla Seoul: Yeong Bin Gwan

Brand Finance is a London-headquartered global brand valuation consultancy that values more than 6,000 brands annually and publishes more than 100 industry and country reports. It assesses brand strength based on factors including marketing investment, stakeholder perceptions and business performance, and calculates the economic value of brands using the Royalty Relief methodology in accordance with international standards.

According to ‘Hotels 50 2026,’ released by Brand Finance in July, Hotel Shilla ranked 21st in global hotel brand value, up two places from 23rd last year. It is the only Korean hotel brand to be included in the Top 50. Brand Finance described Hotel Shilla as an example of a brand that has enhanced both brand strength and brand value through distinctive cultural content and premium service.

The Shilla Hotels & Resorts, Hotel Shilla’s hospitality group, encompasses three distinct brands: luxury brand The Shilla, lifestyle brand Shilla Monogram, and business hotel brand Shilla Stay. The Shilla Seoul, its flagship property, has also built a distinctive fine dining portfolio that includes La Yeon for Korean cuisine, Palsun for Chinese cuisine, Ariake for Japanese cuisine, and Continental for French fine dining.

The rise in ranking is particularly notable in a market dominated by major global hotel chains, highlighting Hotel Shilla’s growing brand strength through its distinct brand identity and operational competitiveness. The combined brand value of the world’s top 50 hotel brands rose 21% year over year to US$69.8 billion in 2026, further illustrating the intensity of competition among leading global hotel brands. Against this backdrop, Hotel Shilla’s position as the only Korean hotel brand in the Top 50 underscores the increasing global prominence of Korean luxury hospitality.

The Shilla Hotels & Resorts currently operates 22 properties: two under The Shilla, three under Shilla Monogram, and 17 under Shilla Stay. The portfolio comprises 19 properties in South Korea, two in China, and one in Vietnam, spanning major destinations including Seoul, Jeju, Xi’an, Yancheng, and Da Nang. Experience gained from serving diverse markets and guest segments enables the company to deliver consistent service standards and guest experiences.

Hotel Shilla’s service and operational capabilities have also been recognized by leading global hotel authorities. In February 2026, The Shilla Seoul earned a Five-Star rating from Forbes Travel Guide for the eighth consecutive year, becoming the first and only hotel in Korea to achieve the distinction for eight consecutive years. In July, The Shilla Seoul was included in the World’s Best Hotels 1000 at the ‘La Liste Hotel Awards 2026,’ ranking highest among Korean hotels for the second consecutive year.

“This ranking reflects our continued efforts to build distinctive brand experiences and deliver consistently high standards of service across our portfolio,” said a spokesperson for Hotel Shilla. “Building on our premium service and culinary excellence, we will continue to expand our presence in key international markets and bring Hotel Shilla’s distinctive hospitality to more guests around the world.”

Hotel Shilla continues to expand its international hotel portfolio across key Asian markets. In 2026, the company expanded its footprint in China with the opening of Shilla Monogram Xi’an in February, followed by Shilla Stay Yancheng in April. Following the opening of Shilla Monogram Danang in Vietnam in 2020, Hotel Shilla also plans to open a new hotel in Hanoi. Through this continued international expansion, Hotel Shilla aims to further strengthen its position as a leading Korean luxury hotel brand on the global stage.

Reference:

The Shilla Hotels & Resorts Official Website: https://www.shillahotels.com/index.do

Brand Finance Hotels 50 2026: https://brandirectory.com/reports/hotels

About Hotel Shilla

Hotel Shilla, an affiliate of the Samsung Group, is a leading hospitality and travel retail operator based in South Korea, committed to delivering outstanding customer experiences through innovation and service excellence. Its hospitality division, The Shilla Hotels & Resorts, includes three hotel brands: The Shilla, Shilla Monogram, and Shilla Stay, with 22 properties across South Korea, China, and Vietnam. The Shilla Seoul, the company’s flagship luxury property, is a member of the Leading Hotels of the World (LHW) and an APAC Regional Program Partner of Virtuoso, recognized globally for excellence in service and sophistication. In its travel retail division, The Shilla Duty Free is a leading duty-free powerhouse, operating three domestic stores, two overseas branches, and an online platform. Drawing on decades of expertise, Hotel Shilla continues to pursue new opportunities for growth, aiming to become a world-class service distribution leader.

Ping An Reports 1H 2026 Results

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Operating Profit[1] Grows 8.3% YoY; Net Profit[2] Surges 36.1% YoY;

Interim Dividend Increases 3.2% YoY

HONG KONG and SHANGHAI, Aug. 20, 2026 /PRNewswire/ — Ping An Insurance (Group) Company of China, Ltd. (“Ping An” or the “Group”, HKEX: 2318; SSE: 601318) today announced its 2026 interim results for the six month period ended 30 June 2026.

Despite a complex, volatile external environment and a surging AI-driven tech revolution in the first half of 2026, China’s economy remained stable as the country achieved innovation-driven, high-quality development, demonstrating strong resilience and vitality. Into the first year of China’s 15th Five-Year Plan period (2026-2030), Ping An continued to focus on its core financial businesses, advanced its tech-enabled “integrated finance + health and senior care” dual-pronged strategy. The Group delivered an interim performance represented by higher-value business growth, stable dividend, innovative services, and technological leadership.

Ping An comprehensively strengthened its business foundations in the first half of 2026. Revenue amounted to RMB615,351 million, up 12.6% YoY; Operating profit after tax (“OPAT”) attributable to shareholders of the parent company was RMB84,196 million, up 8.3% YoY; Net profit attributable to shareholders of the parent company was RMB92,585 million, up 36.1% YoY; Equity attributable to shareholders of the parent company was RMB1,028,084 million, up 2.8% from the beginning of the year. Ping An attaches importance to shareholder returns, and will pay an interim dividend of RMB0.98 per share in cash, up 3.2% YoY. Life and health insurance (“Life & Health” or “L&H”) business achieved remarkable results in its high-quality business transformation. New business value (“NBV”) increased 11.2% YoY to RMB24,847 million in the first half of 2026. Ping An improved customer experience by launching Express Service, which could “get things done driven by one prompt” and conducted AI-enabled inquiry, consultation, and processing in 88% of Ping An’s business scenarios; Ping An upgraded Global Emergency Assistance to enable “one action-triggered emergency response.” Ping An’s Global Emergency Assistance network handled over 1,500 emergency requests in the first half of 2026. Ping An builds leading technological capabilities by advancing AI applications across core business lines. The Group’s average daily token consumption exceeded 120 billion in June 2026.

Integrated Finance Boosts Core Competence and Sustained Core Business Momentum

With the accumulation in Chinese residents’ wealth, professional, personalized, and integrated financial services are seeing greater opportunities. Ping An is committed to building integrated solutions of “one customer, multiple accounts, multiple products, and one-stop services” to provide customers with “worry-free, time-saving, and money-saving” high-quality service experience.

Integrated Finance Boosts Core Competence and Customer Operation Efficiency Continues to Improve. Steady customer base expansion: retail customers increased 0.9% from the beginning of the year to 253 million; Higher customer value: high-value customers grew 2.6% from the beginning of the year; Higher customer retention: the retention rate of customers holding products across three or more product lines within the Group was 99%; Higher customer loyalty: 76.6% of customers have been served by Ping An for five or more years, holding 1.7 times as many contracts per customer as first-year customers; Lower customer acquisition costs: internal customer acquisition costs are 35-45% lower than external ones on average. Ping An’s monthly online active customers peaked at about 90 million in the 12 months ended June 30, 2026, a leading number in the financial industry.

Life & Health unswervingly pursues high-quality development by shifting from “quantitative expansion” to “qualitative upgrade.” OPAT rose 2.3% YoY to RMB55,872 million. NBV increased 11.2% YoY to RMB24,847 million. Ping An Life strengthened its balance sheet by constantly transforming participating insurance products, which accounted for over 90% of its new business. Ping An Life proactively optimized the mix of premium payment periods (“PPP”) by diversifying long-PPP products to meet diverse customer needs, steadily boosting the number and retention of long-term customers. Long-PPP products’ share in the agency channel’s new business increased by 6 pps YoY. Ping An Life achieved balanced multi-channel development. NBV per agent of the agency channel rose 14.1% YoY in the first half of 2026. Bancassurance channel NBV rose 18.0% YoY. Bancassurance, community finance and other channels’ share in Ping An Life’s NBV increased 3.8 pps YoY to nearly 40%.

Ping An P&C sustained growth with improving quality and efficiency. Premium income grew 4.0% YoY to RMB178,751 million, in which premium income of new energy vehicle insurance climbed 21.5% YoY in the first half of 2026. Insurance revenue was RMB171,879 million, up 3.8% YoY. Overall COR improved by 0.1 pps YoY to 95.1%. Ping An P&C constantly strengthened its auto insurance service brand and launched two service initiatives, namely exemption from onsite waiting, proof submission and loss assessment as well as good, quick and cost-effective services. Ping An P&C served over three million customers per day on average. Advancing the “insurance + technology + service” model, the Ping An Auto Owner app had over 120 million active users in the 12 months ended June 30, 2026, with a customer satisfaction rating above 97%. Ping An P&C improves service quality and efficiency via risk reduction. By giving alerts on 177 thousand natural disasters to about 120 million customers, Ping An P&C reduced losses by RMB212 million in the first half of 2026.

Ping An delivered robust insurance funds investment results. The insurance funds investment portfolio grew 1.9% year to date to RMB6.61 trillion as of June 30, 2026. The portfolio achieved a 4.8% 10-year average net investment yield and a 4.9% 10-year average comprehensive investment yield, both higher than the EV long-run investment return assumption.

Ping An Bank grew revenue and profit YoY with stable asset quality. Revenue rose 1.8% YoY to RMB70,617 million and net profit grew 3.3% YoY to RMB25,696 million in the first half of 2026. Ping An Bank constantly strengthens risk management. Non-performing loan ratio remained unchanged year to date at 1.05%, and provision coverage ratio was 219.58% as of June 30, 2026, indicating adequate risk provisions. Ping An Bank promotes the high-quality development of retail business. Retail assets under management (“AUM”) rose 3.8% year to date to RMB4,400,227 million as of June 30, 2026. Average interest rate on retail deposits decreased by 40 bps YoY to 1.52% for the first half of 2026.

Health & Senior Care Strategy Enables Core Businesses Via Differentiation

As China enters a “longevity era,” the demand for high-quality health and senior care grows consistently. Ping An is actively building a managed care model with Chinese characteristics, acting for payers and integrating providers to deliver the most cost-effective health and senior care services.

Ping An expands clients’ payment capabilities with a multi-tiered coverage system. In the first half of 2026, Ping An realized RMB88.7 billion in health insurance premium income, including over RMB43 billion in medical insurance premium income, up 4.9% YoY. Health & senior care strategy enables core businesses via differentiation. Health and senior care services were used by 11.51 million of Ping An Life’s customers in the first half of 2026. Health and senior care users’ upsell rate was 5.9 pps higher than non-users’. First-year premium per new life policy of health care customers increased to 2.6 times. The steady development of health and senior care services is contributing long-term value. PKU Healthcare Group achieved RMB2.8 billion in revenue in the first half of 2026. Ping An Good Doctor achieved RMB2,484 million in revenue in the first half of 2026. AI enhances the efficiency of diagnosis and treatment. AI Doctor was used by over 9.7 million persons. Over 11,300 diseases were precisely diagnosed by AI Doctor, and the accuracy rate of AI Doctor-aided diagnosis/ treatment was 96%. Accuracy rate of complex disease diagnosis/treatment plans from AI-enabled multidisciplinary teams reached nearly 90%.

Ping An upgrades an “online, in-hospital, at-home and corporate” full-scenario service network. Ping An partnered with over 38 thousand hospitals (including all top 100 hospitals and 3A hospitals) in China as of June 30, 2026. Ping An had nearly 245 thousand partner pharmacies as of June 30, 2026, covering over 35% of pharmacies nationwide. Ping An’s payment network enables members of corporate health management programs to buy medicines offline by scanning a QR code. As of June 30, 2026, Ping An served 192 thousand corporate clients, whose employees used the health care services over 20 million times in the first half of 2026.

Ping An builds a multi-tiered senior care service system that integrates medical, health and senior care. For home-based senior care, Ping An upgraded its “Ping An Home” service brand in the first half of 2026 by adding an app service portal and transitioning from reactive service to proactive health management. Over 320 thousand customers were entitled to “Ping An Home” services as of June 30, 2026. For community-based senior care, Ping An provided full-process assistance before, during, and after customers’ residence. For institutional senior care, Ping An had unveiled a total of six “Zhen Living” premium health and senior care communities in five cities as of June 30, 2026. Among them, “Zhen City • Shanghai” and “Zhen City • Futian” in Shenzhen have opened for business with more than 700 suites. An experience and showcase center of “Yi City” in Foshan had started a soft opening as of June 30, 2026.

Year of Services: “AI In ALL” Drives Service Innovation and Upgrade

2026 is Ping An’s Year of Services. In pursuit of tech-driven development, Ping An advances artificial intelligence applications across core business lines, innovated and upgraded customer services to address pain points including “complexity, time burden and cost inefficiency” in financial, health and senior care sectors, delivering “worry-free, time-saving, and money-saving” high-quality, cost-effective experience.

Ping An developed “Express Service” featuring “get things done driven by one prompt.” The initiative has integrated multiple service scenarios and apps, and over 300 digital service items into “Express Service” to meet the customer needs of “one user interface, one-stop solutions.” “Express Service” can conduct AI-enabled inquiry, consultation, and processing in 88% of Ping An’s business scenarios as a reliable AI assistant to about 90 million monthly active customers. Ping An upgraded Global Emergency Assistance enabling “one action-triggered emergency response” in 233 countries and regions, handled over 1,500 service requests, provided cross-border medical evacuations for 87 customers, and safely repatriated 36 compatriots from Middle East high-risk areas in 1H 2026. Ping An rolled out the flagship “7 Benefits[3]“ covering a series of home scenarios including sleep, nutrition, and exercise to offer a full suite of proactive health management services. Ping An launched an innovative integrated finance solution for the “pet ecosystem.” The solution integrates a range of financial products, including Ping An Bank’s credit cards and Ping An P&C’s pet insurance products, into everyday pet care scenarios across a service ecosystem comprising 16 thousand pet hospitals and stores nationwide, making veterinary visits worry-free, pet care time-saving, and spending more affordable for pet owners.

The “AI in ALL” strategy comprehensively enables service innovation. AI agents have been used in all of Ping An’s core business scenarios. Average daily token consumption surged from 30 billion in December 2025 to over 120 billion in June 2026. Ping An develops vertical large language models (“LLMs”) enabling internal scenarios for domains including finance, health and senior care. Ping An’s financial LLM achieved the highest overall score on the CNFinBench leaderboard, an authoritative benchmarking system for LLMs in the industry. Ping An’s “Medical LLM 3.5” achieved the highest global score on the authoritative medical AI benchmark HealthBench Hard, setting a record for the evaluation.

Ping An is continuously deepening and widening scenario-oriented AI applications. In improving experience, in the first half of 2026, 59% of life insurance claims were settled via the quick claim service. 94% of auto insurance policies sold via the auto dealer channel were intelligently issued within one minute on average. In managing risks, Ping An P&C’s claims savings via smart fraud detection grew 10.4% YoY to RMB7.11 billion in the first half of 2026. In promoting sales, AI agents helped realize RMB57,313 million in sales in the first half of 2026. In cutting costs, the volume of services provided by Ping An’s AI service representatives reached about 939 million times, accounting for 81% of Ping An’s total customer service volume in the first half of 2026.

Ping An fulfills its corporate social responsibilities by supporting green development and rural vitalization. Ping An’s green investment of insurance funds amounted to RMB647,550 million and green loan balance was RMB273,416 million as of June 30, 2026. Green insurance premium income was RMB41,346 million and funding for rural industrial vitalization via “Ping An Rural Communities Support” totaled RMB30,383 million in the first half of 2026. With an AAA MSCI ESG Rating, Ping An has ranked No.1 in the multi-line insurance and brokerage industry in Asia-Pacific for four consecutive years.

China’s economic potential will be consistently unleashed in the second half of 2026. Ping An will adhere to its original aspiration of finance for the people under its business policy of “higher-value growth, service innovation, tech-driven development, and regulatory compliance.” Ping An will consistently advance its tech-enabled “integrated finance + health and senior care” dual-pronged strategy. Proactively bolstering five key sectors (namely technology finance, green finance, inclusive finance, pension finance, and digital finance), Ping An continues to enhance operations, strengthening growth momentum, and upgrading high-quality, innovative services. The Group aims for higher-value growth, and creates value through service, making greater contributions to Chinese modernization and accelerating the building of China into a financial powerhouse.

Note:

1. Operating profit refers to OPAT attributable to shareholders of the parent company.

2. Net profit refers to net profit attributable to Shareholders of the Parent Company.

3. “7 Benefits” are: 1. sleep management which improves sleep for vitality; 2. nutrition management which optimizes diet for wellness; 3. functional improvement which stimulates a better state; 4. comorbidity management which effectively addresses chronic diseases; 5. medical visit guidance which assists in seeking medical care; 6. smart guard which ensures home safety; and 7. global medical consultation and drug sourcing which offers access to premium resources.

 

Advasa Holdings, Inc. Announces Revised Expected Trading Commencement Date for Common Stock on the Nasdaq Global Market

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Common Stock Now Expected to Begin Trading on August 25, 2026 Under the Ticker Symbol “ADBT”

TOKYO and NEW YORK, Aug. 20, 2026 /PRNewswire/ — Advasa Holdings, Inc. (“ADVASA” or the “Company”), a fintech payment holding company providing Earned Wage Access (EWA) and next-generation financial infrastructure solutions through its Japanese operating subsidiary ADVASA Co., Ltd., today announced an update to the expected commencement of trading of its common stock on the Nasdaq Global Market (“Nasdaq”).

The Company previously announced on August 17, 2026 that its common stock was expected to begin trading on Nasdaq under the ticker symbol “ADBT” on or about August 18, 2026. The Company now expects trading of its common stock on Nasdaq to commence on August 25, 2026. The rescheduling allows for the final coordination and completion of standard administrative clearing procedures. The Company is currently working alongside its transfer agent, the Depository Trust Company (DTC), and brokerage clearing participants to finalize the electronic intake and credit of shares held by selling stockholders into the DTC system and individual brokerage accounts. This timeline is intended to facilitate an orderly market debut and synchronized execution capabilities across both domestic and international extended-hours trading platforms, including Japanese overnight and after-market sessions.

Nasdaq’s regular market session begins at 9:30 a.m. Eastern Time (ET). However, because the Company’s common stock is being listed through a public direct listing, trading in the Company’s common stock is not expected to commence simultaneously with the opening of the regular market session at 9:30 a.m. ET. Instead, the opening trading price will be determined through Nasdaq’s opening auction process based on buy and sell orders. Following completion of the applicable Nasdaq procedures and the opening auction process, trading in the Company’s common stock is expected to commence. Accordingly, the actual commencement of trading may occur after 9:30 a.m. ET and may vary depending on market conditions and order activity.

The Company’s registration statement on Form S-1, as filed with the Securities and Exchange Commission (the “SEC”), relating to the Company’s public direct listing of its common stock was declared effective by the SEC on August 11, 2026, and the Company’s common stock has been approved for listing on Nasdaq.

WestPark Capital, Inc. is acting as financial advisor and Anthony, Linder & Cacomanolis, PLLC is acting as securities counsel to ADVASA in connection with the direct listing on Nasdaq.

The direct listing will be made only by means of a prospectus forming part of the Company’s effective registration statement. A copy of the prospectus may be obtained without charge by visiting the SEC’s EDGAR website at www.sec.gov.

This announcement does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Subject to individual brokerage timelines and account restrictions, trading is expected to be accessible through the following securities firms in Japan upon or shortly after the expected trading commencement date:

  • Monex, Inc.
  • Rakuten Securities, Inc.
  • SBI SECURITIES Co., Ltd.
  • Webull Securities (Japan) Co. Ltd.

(Alphabetical order)

Japanese investors should consult their respective Japanese brokerage platforms directly to confirm exact trading hours, potential local restrictions, and fee structures.

About ADVASA

Advasa Holdings, Inc. (corporate website: https://adbt.io/) is a fintech payment holding company established in Delaware conducting operations through its Japanese subsidiary ADVASA Co., Ltd. headquartered in Tokyo, Japan (corporate website: https://www.advasa.co.jp/en/, Founder and Representative Director: Asamitsu Kosugi). ADVASA operates “FUKUPE,” an EWA platform that allows employees to receive wages they have already earned in real-time. Leveraging a global patent strategy, the company has established an intellectual property foundation across markets including Japan, the United States, South Korea, and Singapore. By integrating seamlessly with major HR and payroll systems as well as diverse payment infrastructures (such as bank transfers and e-wallets), ADVASA plans to expand from Japan into global markets—including Indonesia and the UAE where the need for financial inclusion is rapidly growing.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements. All statements other than statements of historical fact are forward-looking statements, including statements regarding: the rescheduled anticipated date on which ADVASA’s common stock will begin trading on Nasdaq; the final coordination, processing, and completion of standard administrative clearing procedures; the Company’s ongoing collaboration with its transfer agent, the DTC, and brokerage clearing participants; the successful electronic intake, processing, and credit of shares held by selling stockholders in registered book-entry form into the DTC system and individual brokerage accounts; and the expectation of an orderly market debut with synchronized execution capabilities across both domestic and international extended-hours trading platforms, including Japanese overnight and after-market sessions. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs, including risks and uncertainties related to: whether or not the Company will consummate the direct listing on the anticipated timeline or at all; prevailing market conditions; investor demand for shares of ADVASA’s common stock; the expected availability of trading on specific international platforms; unanticipated delays, technical complications, or administrative bottlenecks encountered by third parties, including the transfer agent, the DTC, or brokerage clearing participants, in processing and crediting book-entry shares; the inability of relevant clearing systems to execute the electronic intake of shares within the expected timeframe; regulatory interventions, operational challenges, or system disruptions affecting domestic or international extended-hours trading platforms, including overnight and after-market sessions in Japan; unexpected market volatility or liquidity constraints that may disrupt an orderly market debut or synchronized trading execution; and the impact of general economic, industry, or regulatory conditions in the United States or internationally. Investors can identify these forward-looking statements by words or phrases such as “may,” “could,” “will,” “should,” “would,” “expect,” “plan,” “aim,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “likely,” “potential,” “project,” or “continue,” or the negative of these terms or other comparable terminology. The Company undertakes no obligation to publicly update or revise any forward-looking statements to reflect subsequent events or circumstances, except as required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot guarantee that such expectations will prove correct. The Company cautions investors that actual results may differ materially from those anticipated and encourages investors to review the risks and uncertainties and other factors that may affect the Company’s future results identified in the Company’s registration statement on Form S-1, as amended (File No. 333-292013), declared effective by the SEC on August 11, 2026, the Company’s Form 10-Q for the quarter ended June 30, 2026 filed with the SEC on August 12, 2026, and subsequent disclosure documents the Company may file with the SEC, available at www.sec.gov. The Company claims the protection of the Safe Harbor contained in the Private Securities Litigation Reform Act of 1995 for forward-looking statements.

Investor and Media Contact
ADVASA Investor Relations Email: ir@advasa.co.jp 

China Infrastructure & Logistics Group Strategically Partners with Wuhan New Materials to Enter the Blue Ocean of Port Protection New Materials

By
Advertorial Desk
-

Providing “Port + New Materials” Integrated Supply Chain Solutions

HONG KONG, Aug. 20, 2026 /PRNewswire/ — China Infrastructure & Logistics Group Ltd. (“China Infrastructure & Logistics” or the “Group“; Stock Code: 1719.HK), a port operator in the Yangtze River Basin of China, announced that Tongshang Supply Chain Management (Wuhan) Co., Ltd. (“Tongshang Supply Chain”), an indirect wholly-owned subsidiary of the Group, entered into a five-year strategic cooperation framework agreement with Wuhan Changtao New Materials Co., Ltd. (“Wuhan New Materials“) on 24 July 2026. The two parties will jointly conduct research and development of new technologies and new products for surface protection materials of port machinery and facilities, jointly apply for patents for relevant new technologies and new products, build a new innovative business platform, and promote the sustainable development of port surface protection technologies and products. This marks the Group’s official entry into the new materials and new technologies industry, including the field of new anti-corrosion materials for ports, representing a key step in its evolution from a traditional port operator to a “Port + New Materials” comprehensive service provider, and advancing towards the Group’s long-term vision of becoming a “Green Smart + Industry” comprehensive hub.

Tongshang Supply Chain is an important supply chain management and trading business platform under China Infrastructure & Logistics, serving as a bridge between upstream suppliers and downstream customers. Wuhan New Materials is a high-tech enterprise specializing in the research, development and industrialization of new high-performance surface functional protective coating materials. Its core technology, the “New-Type Highly Weather-Resistant and Long-Lasting Surface Anti-Fouling Material” has been assessed by the Hubei Provincial Department of Science and Technology as “overall reaching internationally leading standards.”

Under the agreement, the two parties will rely on their laboratories, manufacture and research equipment, and technological teams possessed by the parties, develop and establish an innovative centre to conduct research and development of high-durability, multi-functional surface protective coatings and related products (the “New Technological Products”). The New Technological Products is expected to be applicable in port scenarios, with core functions of improving the overall quality of surface protection for port machinery and facilities, enhancing corrosion and stain resistance of port machinery or facilities, effectively extending the maintenance cycle and significantly reducing maintenance costs of port machinery or facilities.

In terms of the division of production and sales, the production process will be carried out by Wuhan New Materials relying on its own factories and supporting equipment, with production organized according to the product design formula developed by the laboratories. Wuhan New Materials will be responsible for procuring all or part of the raw materials required for production, while Tongshang Supply Chain will supervise the entire production process to ensure product standards. At the same time, Tongshang Supply Chain will be the only sales platform in the port industry to sell the New Technological Products exclusively and Wuhan New Materials cannot provide the New Technological Products to any third party within the port industry without the written consent of Tongshang Supply Chain.

China Infrastructure & Logistics has long been deeply engaged in port operations in the Yangtze River Basin, with core assets including the WIT Port, the Multi-Purpose Port and the Hannan Port forming a solid business foundation. Over the years, the Group has accumulated rich port customer resources, mature market operation capabilities and strong supply chain integration capabilities. China Infrastructure & Logistics stated that this strategic cooperation is a key initiative for the Group to promote the transformation and upgrading of its traditional trading business towards the new technology industry. Leveraging its own port channels and supply chain resources, the Group is going to cultivate industrial anti-corrosion coatings sector, build an integrated anti-corrosion solution service system, and foster new growth drivers for high-quality development. Through vertical integration into the new materials production process, the Group will upgrade to a comprehensive service provider of new anti-corrosion materials for ports, which will help expand its business scope, achieve business diversification, broaden its revenue base, and is in line with the overall interests of the Company and all shareholders.

-Ends-

About China Infrastructure & Logistics Group Ltd.

China Infrastructure & Logistics is principally engaged in the investment, development, operation and management of containers and other ports, and the provision of port-related, logistics and other services, including integrated logistics, port and warehouse leasing, and supply chain management and trading services. The Group’s core asset, the WIT Port (Wuhan Yangluo Port), as a core hub in the middle reaches of the Yangtze River and a strategic fulcrum of Hubei Province’s “Port Economic Belt,” is transitioning from a traditional port to a “Smart + Industry” comprehensive hub under the dual dividends of policy and geographical location. In 2024, its comprehensive business environment score ranked 3rd among inland river ports nationwide (data from the China Ports Association), up 2 places from 2023. For more information, please visit http://cilgl.com/chi/cindex.html.

Yunji Announces First Half 2026 Unaudited Financial Results

By
Advertorial Desk
-

HANGZHOU, China, Aug. 20, 2026 /PRNewswire/ — Yunji Inc. (“Yunji” or the “Company”) (NASDAQ: YJ), a leading membership-based social e-commerce platform, today announced its unaudited financial results for the half year ended June 30, 2026[1].

First Half 2026 Highlights

  • Total revenues in the first half of 2026 were RMB96.3 million (US$14.2 million), compared with RMB158.3 million in the same period of 2025. The change was primarily due to soft consumer spending, together with the Company’s continued efforts to upgrade its platform role, refine its focus on private label products and optimize its selection of suppliers and merchants.
  • Repeat purchase rate[2] in the twelve months ended June 30, 2026 was 69.15%.

Mr. Shanglue Xiao, Chairman and Chief Executive Officer of Yunji, said, “In the first half of 2026, we remained firmly committed to our strategic positioning as a leader in organic healthy living, advancing our dual-engine strategy centered on products and user experience even as the consumer environment in China stayed challenging. Our 12-month repeat purchase rate of 69.15% reflects the continued strength of our member relationships, and validates our decision to discontinue relationships with certain third-party merchants whose offerings did not meet our enhanced product standards. While this may have affected near-term revenue, it further sharpened our merchandise mix in support of our private label and organic health priorities. We remain confident in our long-term strategy and our path toward improved operating efficiency and profitability.”

“Even as we navigated a softer market environment in the first half of 2026, our solid financial position enabled us to maintain discipline over our controllable costs, with net loss narrowing to RMB72.4 million from RMB100.7 million in the same period of 2025. As of June 30, 2026, we maintained a solid liquidity position of RMB242.1 million in cash and cash equivalents, restricted cash, and short-term investments, and we remain focused on improving our operating margin as we work toward sustainable long-term profitability,” said Ms. Nan Song, Senior Financial Director of Yunji.

First Half 2026 Unaudited Financial Results

Total revenues were RMB96.3 million (US$14.2 million), compared with RMB158.3 million in the same period of 2025. The change was primarily due to soft consumer spending, together with the Company’s continued efforts to upgrade its platform role, refine its focus on private label products and its selection of suppliers and merchants.

  • Revenues from sales of merchandise were RMB82.5 million (US$12.2 million), compared with RMB131.7 million in the same period of 2025.
  • Revenues from the marketplace business were RMB13.7 million (US$2.0 million), compared with RMB24.5 million in the same period of 2025.
  • Other revenues were RMB0.1 million (US$0.02 million), compared with RMB2.1 million in the same period of 2025.

Total cost of revenues decreased by 31.9% to RMB56.8 million (US$8.4 million), or 59.0% of total revenues, from RMB83.5 million, or 52.7% of total revenues, in the same period of 2025. Total cost of revenues, which mainly comprises the costs related to the sales of merchandise, decreased in the first half of 2026. Our cost of revenues as a percentage of total revenues increased in the given period, as we derecognized less incentive payables to inactive members[3] , which carries no associated cost of revenue, compared with the same period of 2025. Revenues and cost of revenues are recognized on a gross basis.

Total operating expenses decreased by 38.8% to RMB109.7 million (US$16.2 million) from RMB179.4 million in the same period of 2025.

  • Fulfilment expenses decreased by 49.8% to RMB10.3 million (US$1.5 million), or 10.7% of total revenues, from RMB20.6 million, or 13.0% of total revenues, in the same period of 2025. The decrease was primarily due to (i) reduced warehousing and logistics expenses due to lower merchandise sales, and (ii) reduced personnel costs as a result of staffing structure refinements.
  • Sales and marketing expenses decreased by 21.2% to RMB39.5 million (US$5.8 million), or 41.0% of total revenues, from RMB50.1 million, or 31.6% of total revenues, in the same period of 2025. The decrease was primarily due to (i) a decrease in member management fees, and (ii) reduced business promotion expenses.
  • Technology and content expenses decreased by 19.3% to RMB12.4 million (US$1.8 million), or 12.8% of total revenues, from RMB15.3 million, or 9.7% of total revenues, in the same period of 2025. The decrease was primarily due to the reduction in related personnel costs as a result of staffing structure refinements.
  • General and administrative expenses decreased by 49.1% to RMB47.5 million (US$7.1 million), or 49.4% of total revenues, from RMB93.4 million, or 59.0% of total revenues, in the same period of 2025. The decrease was primarily due to a reduction in the allowance for credit losses, partially offset by an impairment charge related to property and equipment.

Loss from operations was RMB69.4 million (US$10.2 million), compared with RMB100.4 million in the same period of 2025.

Financial loss, net was RMB11.0 million (US$1.6 million), compared with financial income, net of RMB3.9 million in the same period of 2025, primarily due to a decrease in the fair value changes of equity securities investments.

Net loss was RMB72.4 million (US$10.7 million), compared with RMB100.7 million in the same period of 2025.

Adjusted net loss (non-GAAP)[4] was RMB72.3 million (US$10.7 million), compared with RMB100.5 million in the same period of 2025.

Basic and diluted net loss per share attributable to ordinary shareholders were both RMB0.04, compared with RMB0.05 in the same period of 2025.

Use of Non-GAAP Financial Measures

In evaluating the business, the Company considers and uses adjusted net loss as a supplemental measure to review and assess operating performance. The presentation of this non-GAAP financial measure is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with U.S. GAAP. The Company defines adjusted net loss as net loss excluding share-based compensation.

The Company presents adjusted net loss because it is used by management to evaluate operating performance and formulate business plans. Adjusted net loss enables management to assess operating performance without considering the impact of share-based compensation recorded under ASC 718, “Compensation-Stock Compensation.” The Company also believes that the use of this non-GAAP measure facilitates investors’ assessment of operating performance.

This non-GAAP financial measure is not defined under U.S. GAAP and is not presented in accordance with U.S. GAAP. The non-GAAP financial measure has limitations as an analytical tool. One of the key limitations of using adjusted net loss is that it does not reflect all items of income and expense that affect the Company’s operations. Share-based compensation has been and may continue to be incurred in Yunji’s business and is not reflected in the presentation of adjusted net loss. Further, this non-GAAP measure may differ from the non-GAAP information used by other companies, including peer companies, and therefore its comparability may be limited.

The Company compensates for these limitations by reconciling the non-GAAP financial measure to the nearest U.S. GAAP performance measure, all of which should be considered when evaluating performance. Yunji encourages investors and others to review its financial information in its entirety and not rely on a single financial measure.

For more information on the non-GAAP financial measures, please see the table captioned “Reconciliation of Non-GAAP Measures to the Most Directly Comparable Financial Measures” set forth at the end of this press release.

Conference Call

The Company will host a conference call on Thursday, August 20, 2026, at 7:30 A.M. Eastern Time or 7:30 P.M. Beijing/Hong Kong Time to discuss its earnings. Listeners may access the call by dialing the following numbers:

International:

1-412-902-4272

United States Toll Free:

1-888-346-8982

Mainland China Toll Free:  

4001-201203

Hong Kong Toll Free:     

800-905945

Conference ID: 

Yunji Inc.

A telephone replay of the call will be available after the conclusion of the conference call for one week.

Dial-in numbers for the replay are as follows:

United States Toll Free

1-855-669-9658

International

1-412-317-0088

Replay Access Code

1320555

Safe Harbor Statements

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident,” “potential,” “continue” or other similar expressions. Among other things, the quotations from management in this announcement, as well as Yunji’s strategic and operational plans, contain forward-looking statements. Yunji 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. Statements that are not historical facts, including but not limited to statements about Yunji’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: Yunji’s growth strategies; its future business development, results of operations and financial condition; its ability to understand buyer needs and provide products and services to attract and retain buyers; its ability to maintain and enhance the recognition and reputation of its brand; its ability to rely on merchants and third-party logistics service providers to provide delivery services to buyers; its ability to maintain and improve quality control policies and measures; its ability to establish and maintain relationships with merchants; trends and competition in China’s e-commerce market; changes in its revenues and certain cost or expense items; the expected growth of China’s e-commerce market; PRC governmental policies and regulations relating to Yunji’s industry, and general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Yunji’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 Yunji undertakes no obligation to update any forward-looking statement, except as required under applicable law.

About Yunji Inc.

Yunji Inc. is a leading social e-commerce platform in China that has pioneered a unique, membership-based model to leverage the power of social interactions. The Company’s e-commerce platform offers high-quality products at attractive prices across a wide variety of categories catering to the day-to-day needs of Chinese consumers. In addition, the Company uses advanced technologies including big data and artificial intelligence to optimize user experience and incentivize members to promote the platform as well as share products with their social contacts. Through deliberate product curation, centralized merchandise sourcing, and efficient supply chain management, Yunji has established itself as a trustworthy e-commerce platform with high-quality products and exclusive membership benefits, including discounted prices.

For more information, please visit https://investor.yunjiglobal.com/.

Investor Relations Contact

Yunji Inc.
Investor Relations
Email: Yunji.IR@icrinc.com
Phone: +1 (646) 224-6957

ICR, LLC
Robin Yang
Email: Yunji.IR@icrinc.com
Phone: +1 (646) 224-6957

 

YUNJI INC.

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

(All amounts in thousands, except for share and per share data, unless otherwise noted)

As of

December 31,

2025

June 30,

2026

RMB

RMB

US$

ASSETS

Current Assets

Cash and cash equivalents

109,587

102,767

15,146

Restricted cash

22,770

68,688

10,123

Short-term investments

83,774

70,678

10,417

Accounts receivable, net (Allowance for

credit losses of RMB32,843 and

RMB32,726, respectively)

3,856

2,567

378

Advance to suppliers

10,178

10,589

1,561

Inventories, net

41,000

27,224

4,012

Amounts due from related parties

225

165

24

Prepaid expenses and other current assets,

net[5] (Allowance for credit losses of

RMB127,226 and RMB127,463,

respectively)

86,142

89,485

13,190

Total current assets

357,532

372,163

54,851

Non-current assets

Property, equipment and software, net[6]

278,726

298,656

44,016

Land use rights, net[6]

170,021

167,813

24,733

Long-term investments

307,956

290,318

42,788

Operating lease right of use assets, net

3,392

2,824

416

Other non-current assets, net (Allowance

for credit losses of RMB7,564 and

RMB5,913, respectively)

92,019

86,695

12,777

Total non-current assets

852,114

846,306

124,730

Total assets

1,209,646

1,218,469

179,581

 

 

YUNJI INC.

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (CONTINUED)

(All amounts in thousands, except for share and per share data, unless otherwise noted)

 

As of

December 31,

2025

June 30,

2026

RMB

RMB

US$

LIABILITIES AND SHAREHOLDERS’

EQUITY

 

Current Liabilities

Accounts payable

48,943

51,168

7,541

Deferred revenue

11,115

17,299

2,550

Incentive payables to members

50,635

52,617

7,755

Member management fees payable

1,604

1,458

215

Other payable and accrued liabilities

96,076

98,075

14,454

Amounts due to related parties

2,836

2,896

427

Short-term borrowings

40,075

121,450

17,900

Operating lease liabilities, current

1,498

1,524

225

Total current liabilities

252,782

346,487

51,067

Non-current liabilities

Operating lease liabilities, non-current

1,606

1,194

176

Other non-current liabilities

19,367

18,650

2,749

Total non-current liabilities

20,973

19,844

2,925

Total liabilities

273,755

366,331

53,992

 

 

YUNJI INC.

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (CONTINUED)

(All amounts in thousands, except for share and per share data, unless otherwise noted)

As of

December 31,

2025

June 30,

2026

RMB

RMB

US$

Shareholders’ equity

Ordinary shares

70

70

10

Less: Treasury stock

(113,334)

(113,334)

(16,703)

Additional paid-in capital

7,328,615

7,328,683

1,080,114

Statutory reserve

16,726

16,726

2,465

Accumulated other comprehensive income

83,996

72,579

10,697

Accumulated deficit

(6,380,841)

(6,453,245)

(951,091)

Total Yunji Inc. shareholders’ equity

935,232

851,479

125,492

Non-controlling interests

659

659

97

Total shareholders’ equity

935,891

852,138

125,589

Total liabilities and shareholders’ equity

1,209,646

1,218,469

179,581

 

 

YUNJI INC.

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS

 (All amounts in thousands, except for share and per share data, unless otherwise noted)

For the Six Months Ended

June 30,

2025

June 30,

2026

RMB

RMB

US$

Revenues:

Sales of merchandise, net

131,735

82,441

12,151

Marketplace revenue

24,463

13,700

2,019

Other revenues

2,132

147

22

Total revenues

158,330

96,288

14,192

Operating cost and expenses:

Cost of revenues

(83,487)

(56,813)

(8,373)

Fulfilment

(20,556)

(10,324)

(1,522)

Sales and marketing

(50,083)

(39,454)

(5,815)

Technology and content

(15,317)

(12,355)

(1,821)

General and administrative

(93,406)

(47,586)

(7,013)

Total operating cost and expenses

(262,849)

(166,532)

(24,544)

Other operating income

4,127

802

118

Loss from operations

(100,392)

(69,442)

(10,234)

Financial income/(expense), net

3,900

(11,031)

(1,626)

Foreign exchange (loss)/gain, net

(1,816)

5,755

848

Other non-operating income,

 net

936

266

39

Loss before income tax expense, and

equity in loss of affiliates, net of tax

(97,372)

(74,452)

(10,973)

Income tax expense

(1,975)

(1,791)

(264)

Equity in (loss)/income of affiliates, net of

tax

(1,363)

3,839

566

Net loss

(100,710)

(72,404)

(10,671)

Less: net loss attributable to non-

controlling interests shareholders

–

–

–

Net loss attributable to YUNJI INC.

(100,710)

(72,404)

(10,671)

 

 

YUNJI INC.

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (CONTINUED)

 (All amounts in thousands, except for share and per share data, unless otherwise noted)

 

For the Six Months Ended

June 30,

2025

June 30,

2026

RMB

RMB

US$

Net loss attributable to ordinary

shareholders

(100,710)

(72,404)

(10,671)

Net loss

(100,710)

(72,404)

(10,671)

Other comprehensive loss

–

 Foreign currency translation

adjustment

(1,649)

(11,417)

(1,683)

Total comprehensive loss

(102,359)

(83,821)

(12,354)

Less: total comprehensive loss

attributable to non-controlling interests

shareholders

–

–

–

Total comprehensive loss attributable

to YUNJI INC.

(102,359)

(83,821)

(12,354)

Net loss attributable to ordinary

shareholders

(100,710)

(72,404)

(10,671)

Weighted average number of ordinary

shares used in computing net loss per

share, basic and diluted

1,970,633,933

1,970,633,933

1,970,633,933

Net loss per share attributable to

ordinary shareholders

Basic

(0.05)

(0.04)

(0.01)

Diluted

(0.05)

(0.04)

(0.01)

 

 

YUNJI INC.

NOTES TO UNAUDITED FINANCIAL INFORMATION

(All amounts in thousands, except for share and per share data, unless otherwise noted)

 

For the Six Months Ended

June 30,

2025

June 30,

2026

RMB

RMB

US$

Share-based compensation expenses

included in:

Technology and content

117

–

–

General and administrative

93

68

10

Fulfilment

(12)

–

–

Sales and marketing

12

–

–

Total

210

68

10

 

 

YUNJI INC.

RECONCILIATION OF NON-GAAP MEASURES TO THE MOST DIRECTLY COMPARABLE FINANCIAL

MEASURES 

(All amounts in thousands, except for share and per share data, unless otherwise noted)

 

For the Six Months Ended

June 30,

2025

June 30,

2026

RMB

RMB

US$

Reconciliation of Net Loss to Adjusted

Net Loss:

Net loss

(100,710)

(72,404)

(10,671)

Add: Share-based compensation

210

68

10

Adjusted net loss

(100,500)

(72,336)

(10,661)

 

[1] This announcement contains translations of certain Renminbi (RMB) amounts into U.S. dollars (US$) at a specified rate solely for the convenience of the reader. Unless otherwise noted, the translation of RMB into US$ has been made at RMB6.7851 to US$1.00, the exchange rate in effect as of June 30, 2026 as set forth in the H.10 statistical release of The Board of Governors of the Federal Reserve System.

[2] “Repeat purchase rate” in a given period is calculated as the number of transacting members who purchased not less than twice divided by the total number of transacting members during such period. “Transacting member” in a given period refers to a member who successfully promotes Yunji’s products to generate at least one order or places at least one order on Yunji’s platform, regardless of whether any product in such order is ultimately sold or delivered or whether any product in such order is returned.

[3] The long-aged balances of incentive payables to members were derecognized when the Company’s payable obligations alongside were extinguished, and revenue was recognized accordingly.

[4] Adjusted net loss is a non-GAAP financial measure, which is defined as net loss excluding share-based compensation expense. See “Reconciliation of Non-GAAP Measures to the Most Directly Comparable Financial Measures” set forth at the end of this press release.

[5] As of June 30, 2026, the Company had gross short-term loan receivables of RMB144.4 million, representing principal and accrued interest on loans provided to third-party companies. After deducting an allowance for credit losses of RMB120.7 million, the net carrying amount of RMB23.7 million was included in prepaid expenses and other current assets.

[6] In June 2024, the Company won the bid for a parcel of land located in Xiaoshan District, Hangzhou, China, covering approximately 10 thousand square meters (the “Hangzhou Land Parcel”) and entered into an agreement with the local government to acquire the land use right of the Hangzhou Land Parcel for an aggregate consideration of approximately RMB171.5 million. In July 2024, the Company obtained the certificate of the land use right and carried the land use right at a cost of RMB176.6 million including a tax expense of RMB5.1 million less accumulated amortization and impairment losses, if any. The Company intends to construct a new office building on the Hangzhou Land Parcel to use it as its new headquarters and also lease offices to external parties. The total amount for the land acquisition and office building construction is expected to be approximately RMB600.0 million. The Company intends to fund the land acquisition and building construction through cash on hand and bank financing. As of June 30, 2026, the new office building, comprising two interconnected sections, was under construction. The structural frame of both sections had been topped out.

The Company concluded that impairment indicators existed for certain property and equipment, and performed an impairment assessment in accordance with ASC 360. Based on this impairment assessment, impairment losses of RMB19.2 million were recognized for the six months ended June 30, 2026. Such impairment losses were recorded in the unaudited condensed consolidated statements of comprehensive loss under “General and administrative”, with corresponding reductions in the carrying amounts of the related assets. Management expects to continue to monitor operating performance and market conditions and will reassess impairment indicators as required by U.S. GAAP in subsequent reporting periods.

 

Sharon AI Successfully Delivers AI Cloud Deployment for Global Technology Customer

By
Advertorial Desk
-

NEW YORK, Aug. 20, 2026 /PRNewswire/ — SharonAI Holdings Inc. (NASDAQ: SHAZ) and its subsidiaries (“Sharon AI” or “the Company”), a leading Australian Neocloud, today announced the successful delivery and customer acceptance of an initial AI Cloud deployment for a global technology company with a major Asia-Pacific presence.

Customer acceptance marks the completion of a key milestone under the five-year AI Cloud infrastructure agreement, which has a total initial contract value of approximately US$950m. Acceptance also triggers release of cash security currently held in escrow.

The deployment is the first phase of this customer contract, and part of a series of additional NVIDIA GPU clusters that Sharon AI expects to deliver over the coming months. Under the agreement, Sharon AI is deploying AI Cloud solutions across multiple data centers in Australia, with revenue expected to commence in stages across the third and fourth quarters of 2026.

“Delivering AI infrastructure at scale requires coordinated execution across data center readiness, compute, storage, networking and customer integration,” said James Manning, Co-Founder and Chief Executive Officer of Sharon AI. “This successful deployment demonstrates our ability to bring together a global partner ecosystem and coordinate specialist teams to meet customer delivery requirements. The capabilities and operating discipline developed through this project strengthen our delivery platform as we deploy future clusters, bringing our secured and contracted capacity online, and supporting durable long-term growth.”

Sharon AI has secured 212MW of AI Factory capacity, of which 120MW is contracted under multi-year take-or-pay agreements. The accepted deployment represents further progress in bringing this secured and contracted capacity online. The Company continues to advance its AI Factory platform to address strong demand for high-performance, sovereign AI infrastructure across Australia, New Zealand and the Asia-Pacific region.

About Sharon AI

Sharon AI (NASDAQ: SHAZ) is a leading Australian neocloud expanding access to artificial intelligence through trusted, secure and sovereign AI infrastructure. Through its AI Factory platform and colocation partners, Sharon AI enables organisations across Australia, New Zealand, and globally to confidently build, train and deploy AI at scale. For more information, visit www.sharonai.com.

Contacts

Media
media@sharonai.com

Investors
investors@sharonai.com

Disclosure Information

Sharon AI primarily uses its Investor Relations page (https://sharonai.com/investors/) to disclose material non-public information and to comply with its disclosure obligations under Regulation FD. The Company also notes that, at times, it uses other communication mediums including, but not limited to, its X account (sharon__ai) and/or LinkedIn account (sharon-AI) to disseminate information about the Company, and can be additional sources of information outside press releases, regulatory filings with the SEC and any other conference calls, webcasts, investor days, etc. that the company may hold.

Forward-Looking Statements

This press release may contain, and our officers and representatives may from time to time make, “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, which are not historical facts, and which are not assurances of future performance. Forward-looking statements are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. In some cases you can identify these statements by forward-looking words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “could,” “should,” “would,” “project,” “strategy,” “plan,” “expect,” “goal,” “seek,” “future,” “likely” or the negative or plural of these words or similar expressions or references to future periods. Forward-looking statements in this release include specific statements regarding the intended use of proceeds. Examples of such forward-looking statements include but are not limited to express or implied statements regarding Sharon AI’s management team’s expectations, hopes, beliefs, intentions or strategies regarding the future including, without limitation, statements regarding:

  • Service and product offerings;
  • Receipt and use of proceeds;
  • The deployment of assets and expansion of network procurement;
  • Sharon AI’s ability to engage with additional potential customers;
  • Expansion of Sharon AI’s data center footprint and capacity; and
  • The strengthening of Sharon AI’s partner network.

In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. You are cautioned that such statements are not guarantees of future performance and that actual results or developments may differ materially from those set forth in these forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause actual results to differ materially from these forward-looking statements include, among others, all of the risks described in the “Risk Factors” section of the Company’s most recent Annual Report on Form 10-K filed with the SEC and other reports subsequently filed with the SEC. Additional assumptions, risks and uncertainties are described in detail in our registration statements, reports and other filings with the SEC, which are available at www.sec.gov. 

The forward-looking statements and other information contained in this news release are made as of the date hereof and Sharon AI does not undertake any obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

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