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Club Med expands brand presence in Canada with the announcement of Club Med Tremblant, in partnership with management company Alderan

HO CHI MINH CITY, Vietnam, Dec. 16, 2025 /PRNewswire/ — Club Med, the world leader in premium all-inclusive mountain and beach resorts, announced the development of Club Med Tremblant, marking a strategic expansion of its presence in North America. The new resort marks the brand’s second Canadian resort, after the successful opening of Club Med Québec Charlevoix in 2021 and elevates Club Med’s global mountain leadership with existing resorts in Canada, France, Italy, China, Switzerland, and Japan.

Rémy Bourgeon, President of Alderan, and Carolyne Doyon, President and CEO of Club Med North America & the Caribbean
Rémy Bourgeon, President of Alderan, and Carolyne Doyon, President and CEO of Club Med North America & the Caribbean

Canada continues to be a key market in our North American growth strategy,” said Carolyne Doyon, CEO Club Med North America & Caribbean. “With the upcoming opening of Club Med Tremblant, we are thrilled to introduce a new destination offering an original premium all-inclusive mountain experience, providing immersive, one-of-a-kind vacations that have defined Club Med for decades.”

On December 05, Carolyne Doyon and Rémy Bourgeon, President of Alderan, representing SCPI Comète, signed a major financing agreement for the construction of Club Med Tremblant. In parallel, Alderan, on behalf of SCPI Comète, acquired the land from real estate developer Brivia.

Nestled in the heart of the Laurentians, one of North America’s most iconic four‑season destinations, Mont‑Tremblant is known for world‑class skiing, vibrant village life, and striking natural landscapes. Scheduled to open in December 2028, Club Med Tremblant will offer a premium all‑inclusive mountain experience inspired by a contemporary Alpine chalet, combining playful charm with a warm, refined atmosphere.

Designed for families and active travelers, the resort will offer ski-in/ski-out access with daily lift tickets included, gourmet dining inspired by Alpine heritage with a local twist, Kids Clubs for children from 04 months to 17 years, wellness facilities, and various summer activities, delivered by Club Med’s multicultural team of G.Os and G.Es.

As the region’s first premium all-inclusive resort, Club Med Tremblant is projected to create nearly 300 direct jobs, alongside comparable indirect roles, with approximately half of employees housed on-site. The resort will target LEED and Green Globe certifications and develop partnerships with regional suppliers and experience providers to reflect the spirit of the Laurentians while contributing to the local community.

Previously, Club Med and Station Mont Tremblant signed agreements to develop future partnerships, especially on the ski school, while also including commitments from Station Mont Tremblant to carry out new improvements to the mountain.

Club Med

Founded in 1950 by Gérard Blitz, who was later joined by French businessman, Gilbert Trigano, Club Med pioneered the all-inclusive concept and childcare with the creation of the Mini Club in 1967. With more than 75 years of rich history, Club Med operates nearly 70 premium beach and mountain resorts in 40 countries across 5 continents with new openings and renovations planned every year, offering even more hidden treasures to worldwide travelers.

Thanks to the support of its shareholder, Fosun Tourism Group, and the success of its repositioning strategy, today Club Med is not only the world leader in premium, all-inclusive vacations, but also a global brand offering unique experiences to active families and couples worldwide. Club Med employs nearly 28,000 Gentle Organizers (G.Os) and Gentle Employees (G.Es), representing 110 nationalities.

Tremblant

Tremblant is a top year-round destination that offers an exciting and unforgettable experience, from the mountain summit to the charming pedestrian village at its base, secured its place among the top 05 ski destinations in Canada. Whether visiting with family, as a couple, with friends, or in a group, Tremblant welcomes guests to 1,900 accommodation units across 13 hotels, close to 70 restaurants and shops.

Alderan

Alderan is an independent French portfolio management company, founded in 2015 by Rémy Bourgeon. Alderan manages, on behalf of six regulated funds intended for non-professional clients (SCPI) and professional clients (Professional OPCIs and other AIFs), as well as under managed mandates, the acquisition, management, valuation, and arbitration of real estate assets.

SCPI Comète

Comète is a diversified SCPI created by Alderan, intended to invest strictly outside mainland France, registered with the Paris Trade and Companies Register under number 980.596.811.

Doubleview Gold Corp Extends Mineralization East of 2024 Conceptual Pit and Identifies Deeper Porphyry Indicators at Hat Project by Drilling 992m of 0.29% CuEq in Hole H101


Vancouver, British Columbia – Newsfile Corp. – December 16, 2025 – Doubleview Gold Corp. (TSXV: DBG) (OTCQB: DBLVF) (FSE: 1D4) (“Doubleview” or the “Company”) is pleased to report assay results from drill holes H100 and H101, completed as part of the 2025 drill program at its 100%-owned Hat Polymetallic Deposit in northwestern British Columbia.

Drill holes H100 and H101 were designed to test eastern extensions of mineralization beyond the 2024 conceptual pit shell, while also evaluating depth continuity and metal zonation within the Hat porphyry system. Results from both drill holes confirm broad, continuous copper-gold-cobalt-scandium mineralization and, when integrated with drill holes announced earlier in 2025, define an expanded mineralization envelope at the Hat Deposit. Assay results from drill holes H102 to H108 will be released when received from the Lab and reviewed and confirmed by our technical team.

Key Highlights

  • Mineralization extended eastward beyond the 2024 conceptual pit outline, supported by long, continuous intercepts in both H100 and H101.
  • H100 intersected 497.0 m of mineralization (129.0-626.0 m) averaging 0.27% CuEq (excluding Sc₂O₃), confirming continuity into previously under-tested areas east of the 2024 conceptual pit.
  • Elevated cobalt values at depth in H100 may be indicative of proximity to deeper portions of the porphyry system based on observed metal associations at Hat.
  • H101 returned 992.4 m of continuous mineralization, with multiple higher-grade intervals and a higher gold-to-copper ratio relative to the established average of the Hat deposit.
  • Deeper part of the Hat porphyry system remain untested by drilling,
  • Drill holes H100 and H101 at the bottom are more than 500m apart.


Drill Hole H100

  • 497.0 m (129.0-626.0 m) averaging 0.27% CuEq, including:
    • 239.8 m at 0.30% CuEq
    • 141.0 m at 0.31% CuEq
    • 106.2 m at 0.35% CuEq
    • 73.0 m at 0.44% CuEq

Drill hole H100 confirms that mineralization extends eastward beyond the 2024 conceptual pit boundary and remains continuous over substantial thicknesses. The presence of elevated cobalt values within deeper intervals is interpreted by the Company as a potential vector toward deeper parts of the porphyry system. While the significance of this association continues to be evaluated, cobalt enrichment has consistently occurred alongside stronger copper-gold mineralization in several areas of the Hat deposit.

Drill Hole H101

  • 992.4 m (7.5-999.9 m) averaging 0.29% CuEq, including:
    • 618.0 m at 0.37% CuEq
    • 153.0 m at 0.52% CuEq
    • 91.0 m at 0.72% CuEq
    • 32.0 m at 1.26% CuEq
    • 11.2 m at 2.80% CuEq

Drill hole H101 is notable for its higher gold-to-copper ratio compared to the broader Hat deposit average. Such metal ratios are commonly observed within zoned porphyry systems and may reflect variations in metal distribution at different structural or vertical levels. Together with the observed continuity of mineralization from near surface to the end of the drill hole, adds an important new constraint to the evolving geological interpretation of the Hat system. Table 1 tabulates the assay results of H100 and H101.

Table 1: Drill holes H100 and H101 assay results:

Drill
hole
From
(m)
To (m) Length
(m)
Ag (g/t) Au (g/t) Co (g/t) Cu (%) Sc2O3(g/t) CuEq
(%)
excl
Sc2O3
H100 129.0 626.0 497.0 0.13 0.14 74.44 0.12 40.3 0.27
Inc. 195.0 434.8 239.8 0.11 0.18 91.44 0.12 40.2 0.30
Inc. 195.0 336.0 141.0 0.10 0.21 88.15 0.10 44.8 0.31
Inc. 195.0 301.2 106.2 0.12 0.25 85.31 0.11 43.8 0.35
Inc. 195.0 268.0 73.0 0.14 0.33 86.47 0.12 35.7 0.44
H101 7.5 999.9 992.4 0.17 0.14 64.5 0.15 43.2 0.29
Inc. 273.0 891.0 618.0 0.20 0.17 67.72 0.20 44.2 0.37
Inc. 273.0 426.0 153.0 0.31 0.21 129.29 0.30 36.2 0.52
Inc. 273.0 364.0 91.0 0.45 0.28 148.85 0.43 35.2 0.72
Inc. 276.0 690.4 414.4 0.20 0.19 75.73 0.20 42.6 0.39
Inc. 578.0 589.2 11.2 0.42 1.70 84.6 1.28 47.3 2.80
Inc. 791.0 936.0 145.0 0.23 0.20 59.01 0.24 50.3 0.44
Inc. 858.0 890.0 32.0 0.73 0.58 112.7 0.71 48.0 1.26

Notes:
1 – Copper Equivalent (CuEq) currently does not include Scandium
2 – The intervals presented in this table are not true widths. The true width of mineralized sections has not been determined.
3 – Metal equivalents should not be relied upon for future evaluations. Drill hole intercepts included in this news release are core lengths that may or may not represent true widths of mineralization. It is not possible to determine true widths.
4 – Parameters used to calculate Copper Equivalent: Au price (US$/oz): 2365.09; Ag price (US$/oz): 27.43; Cu price (US$/lb): 4.17; Co price (US$/lb): 14.76. Au recovery: 89.0%; Ag recovery: 68.0%; Cu recovery: 84.0%; Co recovery: 78.0%. * Copper Equivalent Calculation CuEq in % = ([Ag grade in ppm] *27.43*0.68/31.1035 + [Au grade in ppm] *2365.09*.89/31.1035 + 0.0001* [Co grade in ppm] *14.76*0.78*22.0462 + 0.0001* [Cu grade in ppm] *4.17*0.84*22.0462)/(4.17*22.0462*0.84).

Details of the algorithm used to estimate %CuEq are presented in the notes above. The metal values used in our current algorithm are average trailing three years commodity prices, and do not reflect recent dramatic increases in prices of mineral commodities. Scandium, a potentially recoverable high value strategic alloy metal (customarily quoted as Sc2O3 ) that is present in small but possibly highly important amounts in Hat mineralization, is not assigned any value pending metallurgical investigations and recoverable results.

Core samples are delivered securely to a fully accredited commercial laboratory and processed by industry-standard methods. Assays are received at irregular intervals, verified by reference to notes provided by our field crew, added to our database, and disseminated publicly by News Release.


Figure 1: Plan view showing 2025 drill hole locations relative to the 2024 conceptual pit outline, highlighting eastward extensions of mineralization

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8003/278192_677a547c94f369cc_001full.jpg


Figure 2: Cross-section illustrating continuity of mineralization at depth and beyond the eastern margin of the conceptual pit.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8003/278192_fig2.jpg

Geological Interpretation

Results from drill holes H100 and H101, when combined with data from drill holes reported earlier in the 2025 season, define an expanded mineralization envelope at the Hat Deposit. Mineralization now demonstrably extends eastward beyond the conceptual pit shell, continuous to depths approaching one kilometre and supports the interpretation of a large, vertically extended porphyry system.

The identification of cobalt-enriched intervals at depth in H100 and the gold-rich character of H101 provide additional geological vectors that may assist in defining future drill targets. Importantly, the deepest portions of the Hat porphyry system have not yet been tested by drilling; the Company considers these areas a priority for future exploration programs.

Farshad Shirvani, President and CEO of Doubleview Gold Corp., commented:

“Drill holes H100 and H101 represent an important step forward in our understanding of the Hat system. These holes confirm that mineralization continues east of the 2024 conceptual pit, as proposed in MRE-1 and remains robust at depth. The elevated cobalt values encountered in H100, together with the higher gold-to-copper ratios observed in H101, provide valuable geological insight into the internal zonation of the system.

Together with our large database, including drill results announced earlier this year, these holes collectively expand the mineralization envelope and reinforce our interpretation of Hat as a large, vertically extensive porphyry system. The deepest parts of the system remain untested, and we believe the results to date strongly justify continued, disciplined exploration focused on depth and lateral extensions.”


Figure 3: 2024 Conceptual pit shell in 3D and 2025 drill holes demonstrating the strategic exploration in 2025

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8003/278192_677a547c94f369cc_003full.jpg

Figure 4: Three-dimensional views of the 2024 conceptual pit shell with 2025 drill holes, demonstrating strategic targeting of depth and lateral extensions within the Hat porphyry system.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8003/278192_677a547c94f369cc_004full.jpg


Figure 5: Three-dimensional views of the 2024 conceptual pit shell with 2025 drill holes, demonstrating strategic targeting of depth and lateral extensions within the Hat porphyry system.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8003/278192_677a547c94f369cc_005full.jpg

Table 2 summarizes coordinates of the recent drill holes.

Table 2. Details of Location and direction of drill holes:

DDH ID UTM-
East (m)
UTM-
North (m)
Elevation
(m)
Dip (°) Azimuth
(°)
Max-
Depth
(m)
Year
H100 348203.0 6453897.0 972 -61.1 120 840.0 2025
H101 348203.0 6453897.0 966 -75.0 120 1015.5 2025

Quality Assurance and Quality Control:

Hat Project drill cores are processed at Doubleview’s field camp where they are photographed, measured and logged by our technical staff and then divided using a diamond bladed saw. One half is placed in a stout bag to form the assay sample that is forwarded securely to the independent analytical lab. The remaining half core is stored on site where it is available for further examination and sampling. The assay cores are subject to a Chain of Custody routine as they are shipped from camp to a bonded carrier for delivery to the lab.

All core samples are prepared and analyzed at AGAT Laboratories in Calgary, an independent ISO 17025 and ISO 9001 certified facility. Samples are dried, crushed to 70% passing 2 mm, split to obtain a 250 g representative portion, and pulverized to 85% passing 75 µm. Gold, platinum, and palladium are assayed by 30-50 g fire assay with ICP-OES finish. Multi-element analyses (up to 48 elements) are performed by four-acid digestion with ICP-OES/MS, with ore-grade assays applied where required. Selected samples are further analyzed for whole-rock oxides using lithium borate fusion with ICP-OES, and Loss on Ignition is determined separately. Routine quality assurance protocols include insertion of blanks, duplicates, and certified reference materials, ensuring accuracy and reliability of results.

Doubleview maintains a website at www.doubleview.ca.

Qualified Persons:

Erik Ostensoe, P. Geo., a consulting geologist, and Doubleview’s Qualified Person with respect to the Hat Project as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed, and approved the technical contents of this news release. He is not independent of Doubleview as he is a shareholder in the company.

About Doubleview Gold Corp

Doubleview Gold Corp. is mineral resource exploration and development company headquartered in Vancouver, British Columbia, Canada. It is publicly traded on the TSX-Venture Exchange (TSXV: DBG) (OTCQB: DBLVF) (WKN: LA1W038) (FSE: 1D4). Doubleview focuses on identifying, acquiring, and financing precious and base metal exploration projects across North America, with a strong emphasis on British Columbia. The company enhances shareholder value through the acquisition and exploration of high-quality gold, copper, cobalt, scandium, and silver projects-collectively critical minerals utilizing cutting-edge exploration techniques.

Doubleview’s success is deeply rooted in the unwavering support of its long-term shareholders, supporters, and institutional investors. Their ongoing commitment has been instrumental in advancing the company’s strategic initiatives. Doubleview looks forward to further collaborative growth and development and continues to welcome active participation from its valued stakeholders as the company expands its portfolio and strengthens its position in the critical minerals sector.

About the Hat Polymetallic Deposit

The Hat Deposit, located in northwestern British Columbia, is a polymetallic porphyry project with major resources of copper, gold, cobalt, and the potential for scandium. As one of the region’s significant sources of critical minerals, the Hat deposit has undergone targeted exploration and development. The 0.2% CuEq cut-off resource estimate, as of the recently completed Mineral Resource Estimate and the Company’s July 25, 2024, news release, is summarized below:

Open Pit Model Hat Resource Category Tonnage Average Grade Metal Content
CuEq Cu Co Au Ag CuEq Cu Co Au Ag
Mt % % % g/t g/t million lb million lb million lb thousand oz thousand oz
In Pit Indicated 150 0.408 0.221 0.008 0.19 0.42 1,353 733 28 929 2,045
Inferred 477 0.344 0.185 0.009 0.15 0.49 3,619 1,945 91 2,328 7,575

Scandium potential for the Hat Deposit is estimated to be 300 to 500 million tonnes at an average grade of 40 ppm (0.004%) Sc2O3. “The scandium resource potential is based on the drill holes on the property drilled for (July 25, 2024) maiden resource estimate for other metal content than scandium. The potential quantity and grade are conceptual in nature, there has been insufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in the target being delineated as a mineral resource.”

For further details of the MRE-1, please refer to the Company’s July 25, 2024 news release.

On behalf of the Board of Directors,
Farshad Shirvani, President & Chief Executive Officer

For further information please contact:

Doubleview Gold Corp
Vancouver, BC Farshad Shirvani
President & CEO
T: (604) 678-9587
E: corporate@doubleview.ca

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Certain of the statements made and information contained herein may constitute “forward-looking information.” In particular references to the private placement and future work programs or expectations on the quality or results of such work programs are subject to risks associated with operations on the property, exploration activity generally, equipment limitations and availability, as well as other risks that we may not be currently aware of. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.

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

About Doubleview Gold Corp.

Sweet winter days in Cangxi: strawberry picking & scenic check-ins await

GUANGYUAN, China, Dec. 16, 2025 /PRNewswire/ — A report from chinadaily.com.cn.

Tourists enjoy the fun of strawberry picking at a farm in Cangxi county.
Tourists enjoy the fun of strawberry picking at a farm in Cangxi county.

Right now, it’s the golden season for ripening winter strawberries. The greenhouse strawberries at Chunhui Family Farm in Baiguan village, Lingjiang town, Cangxi county, Sichuan province are ready for harvest.

Walking into the warm greenhouses, rows of strawberry vines are carefully organized. Bright red, plump, and juicy strawberries stand out vividly against the lush green leaves, making them look especially enticing.

The farmer has chosen and planted several premium strawberry varieties including Hongyan, Hongyu, and Zhangji. Moreover, over 3,000 potted strawberry plants have been cultivated, offering multiple uses including decoration, picking, and maintenance. These potted plants are ideal for urban balcony greening, parent-child gardening activities, and holiday presents. Following green planting methods, the strawberry farm utilizes organic fertilizers and avoids pesticide use to ensure the produce is safe to consume.

With convenient transportation and beautiful scenery, we sincerely invite you to enjoy this “winter sweetness”, experience the joy of picking, and taste the fresh, delicious strawberries.

Banyan Group’s Garrya Mu Cang Chai Opens in a National Heritage Site in Northern Vietnam

LAO CAI, Vietnam, Dec. 16, 2025 /PRNewswire/ — At 1,500 metres above sea level in Vietnam’s northern highlands, Garrya Mu Cang Chai opens as the world’s largest bamboo-structured wellness resort, Banyan Group’s first Garrya property in Vietnam, and the winner of World’s Best New Wellness Retreat 2025. Set on 6.5 hectares of terraced mountainside within a protected heritage landscape in Lao Cai Province, the resort offers the rare luxury of experiencing Northern Vietnam’s beauty as it was meant to be — serene, authentic and free from commercial footprints. It also sits within a region home to original Hmong communities, whose traditions remain remarkably intact after centuries of near isolation.

The world’s largest bamboo-structured wellness resort brings nature, craft and contemporary wellbeing together.
The world’s largest bamboo-structured wellness resort brings nature, craft and contemporary wellbeing together.

Architecture shaped by Vietnamese bamboo craft and Hmong heritage
Bamboo defines the resort’s architectural identity, reflecting the elegance and ingenuity of Vietnam’s traditional bamboo craftsmanship. Light Hmong brocade-inspired motifs honour the cultural heritage of the original Hmong families who have shaped Mu Cang Chai for generations. Across public spaces and dining venues, the resort showcases impressive bamboo architecture that echoes the fluid lines of the terraced rice fields, creating harmony between structure and landscape.

A sanctuary for total wellness
The resort offers 110 rooms, suites and villas, all positioned to capture sweeping views of the Northwestern mountains and terraced fields. At its centre, the 8ELEMENTS Spa delivers a restorative journey guided by Banyan’s 8 Pillars of Wellbeing, blending traditional Asian healing techniques, local herbal remedies, and Northern Vietnam’s most advanced 13-step hydrotherapy circuit. The ReCharge Gym, framed by panoramic mountain and terrace views, together with movement classes, singing-bowl sessions and barefoot grounding, enriches the wellness experience.

Wellbeing also extends to nourishment: Refresh presents seasonal menus crafted from produce grown using traditional Hmong cultivation techniques, while Charcoal Grill highlights open-fire cooking inspired by mountain life. A poolside bar offers lighter dishes with sweeping views.

Off the beaten path in Lao Cai, Vietnam
Set in one of Lao Cai’s most scenic highland landscapes—and just a three-hour scenic drive from Sapa along winding mountain roads—the resort offers an off-the-beaten-path experience that reveals a quieter, more authentic side of the region. Guests can explore through guided treks, craft workshops and storytelling with local Hmong artisans and elders, gaining insight into traditions preserved through generations. Surrounded by protected heritage terrain yet far from commercial crowds, the resort offers rare access to pristine nature and deep cultural connection.

Access the media kit and download images here.

ABOUT GARRYA MU CANG CHAI
Garrya is a contemporary wellbeing brand by Banyan Group, offering minimalist, restorative stays. Garrya Mu Cang Chai, opened in 2025, is the brand’s first Vietnam property and the world’s largest bamboo-structured resort, blending Vietnamese craft, Hmong heritage and regenerative hospitality in Lao Cai’s National Heritage Landscape.

ABOUT BANYAN GROUP
Banyan Group is a global hospitality company focused on wellbeing and responsible stewardship, operating 100 hotels across 15 countries under 10 distinctive brands.

JZXN Announces Talks with an AI Trading Firm for Cooperation; Plans to Acquire Approximately $1 Billion in Tokens at a 30% Discount, Which Would Generate Considerable Book Gains Upon Completion, With the Tokens Scheduled to Be Listed on Binance Soon

HANGZHOU, China, Dec. 16, 2025 /PRNewswire/ — Jiuzi Holdings, Inc. (Nasdaq: JZXN) (“Jiuzi” or the “Company”) today announced it is in strategic cooperation discussions with a Web3 technology company specializing in the development of an artificial intelligence (AI) cryptocurrency trading platform (the “Counterparty”). According to the preliminary agreement, both parties plan to jointly develop and promote an AI-powered cryptocurrency diagnostics and trading platform to advance its market-oriented application.

To facilitate this collaboration, JZXN intends to acquire tokens issued by the Counterparty at a significant discount through a private placement of its common stock, representing a total value of approximately US$1 billion. Based on current market valuations and assumptions, upon successful completion of the transaction, the Company expects to generate considerable unrealized gains. Furthermore, the Counterparty’s tokens are expected to apply for listing and trading on Binance, a leading global cryptocurrency exchange, which could enhance the token’s market discovery capabilities and liquidity. However, there can be no assurance regarding the success, timing, or post-listing performance of such potential listing. The Company makes no commitments concerning the future price or returns of the tokens.

This partnership aims to integrate the resources and expertise of both parties in AI technology, cryptocurrency trading, and the Web3 sector, jointly advancing the productization and commercialization of AI-driven market trend analysis, risk identification, and intelligent trading engines. The Company believes that, if finalized and successfully implemented, this cooperation will strengthen its technological reserves and business footprint in related fields, potentially creating new business opportunities and delivering medium-to-long-term value.

It should be noted that the matter remains subject to ongoing negotiations and framework arrangements. There are material uncertainties regarding whether a legally binding definitive agreement will be signed, and whether the proposed private placement and token acquisition arrangements will proceed as anticipated. JZXN will strictly comply with all applicable laws, regulations, and supervisory requirements. It will advance these matters under the principles of prudence, compliance, and manageable risk, fulfilling its information disclosure obligations promptly. The Company will issue separate announcements regarding specific subsequent issuance plans, the signing of any definitive agreement, and other important progress updates.

 

AZI Announces Signing of Approximately $980 Million Memorandum of Intent for Sales with Multiple Potential Buyers

BEIJING, Dec. 16, 2025 /PRNewswire/ — Autozi Internet Technology (Global) Ltd. (Nasdaq: AZI) (the “Company” or “Autozi”) today announced that it has signed a Memorandum of Understanding on Procurement Intentions (MOU) with several potential buyers, representing a total amount of approximately USD $980 million. The parties intend to engage in centralized procurement cooperation for complete vehicles and supporting automotive parts through Autozi’s digital automotive e-commerce platform.

According to the MOU, the relevant potential buyers plan to leverage AZI’s digital automotive e-commerce platform and supply chain system to conduct multi-category, large-scale procurement cooperation. This will include complete vehicle purchases, key components, and various supporting parts. It should be noted that this signed MOU is an intentional and non-binding document. The specific procurement amounts and implementation progress will depend on the subsequent signing of formal agreements and their execution effectiveness.

Autozi Internet Technology (Global) Ltd. stated that reaching this large-scale procurement intention marks significant progress for the company in driving the transformation of the automotive industry chain towards digitalization, online integration, and globalization. By connecting diverse procurement demands and leveraging its robust platform technology support, supply chain integration capabilities, and cross-border service advantages, the company expects to achieve the following goals:

* Expand overall transaction scale and turnover volume;

* Diversify product offerings, increasing the variety of complete vehicles and parts;

* Enhance service capabilities and attractiveness to upstream suppliers and downstream customer groups;

* Further consolidate and elevate the company’s leading position in the automotive e-commerce and digital supply chain sector.

Management of Autozi Internet Technology (Global) Ltd. emphasized: “The signing of the MOU for procurement intentions totaling $980 million fully demonstrates market recognition of our business model and technological strength. Looking ahead, we will continue to intensify technological innovation, optimize user experience and service processes, and remain committed to creating more value for our partners while ensuring long-term, stable returns for our shareholders.”

About Autozi Internet Technology (Global) Ltd.

AZI is a technology-driven operator of comprehensive solution-focused automotive e-commerce platforms. Leveraging advanced internet technologies and big data analytics tools, it provides global participants in the automotive industry with a range of value-added services, including but not limited to new car sales, parts procurement, and logistics coordination. The company aims to promote the upgrading and transformation of the entire industry chain by improving circulation efficiency and reducing operational costs.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements, including, but not limited to, the Company’s proposed offering. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these statements by the use of words such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.

ST Engineering iDirect and Capgemini collaborate to Advance 5G Non-Terrestrial Network Solutions

A Unified Vision, Advanced Technology, and Global Expertise to Drive Customer Adoption

HERNDON, Va. and PARIS, Dec. 16, 2025 /PRNewswire/ — ST Engineering iDirect, a global leader in satellite communications, announced today that it is collaborating with Capgemini, an AI-powered global business and technology transformation company, to develop a 5G Non-Terrestrial Network (NTN) satellite base station. Based on cloud-native fundamentals, the solution will enable seamless integration between satellite and terrestrial networks, accelerating the adoption of standards-based, software-defined 5G NTN technology.

A Unified Vision, Advanced Technology, and Global Expertise to Drive Customer Adoption
A Unified Vision, Advanced Technology, and Global Expertise to Drive Customer Adoption

The core of this collaboration is the development of a satellite-optimized Radio Access Technology (RAT) within ST Engineering iDirect’s cloud-native Intuition ground system. Built using Capgemini’s gNodeB software stack, which serves as the foundation for managing and controlling communication links between 5G-enabled endpoints and the 5G core network, and leveraging ST Engineering iDirect’s deep expertise in satellite communications, the NTN satellite base station has been uniquely optimized to address the nuances of satellite connectivity. Together, these innovations ensure native 3GPP access to the 5G core network over satellite, enabling interoperability with terrestrial 5G networks and supporting advanced 5G enabled applications.

“By combining our advanced satcoms technology with Capgemini’s expertise in 5G technology, we are delivering a solution that meets the evolving needs of operators and enterprises.” said Sridhar Kuppanna, Chief Technology Officer at ST Engineering iDirect. “This aligns with our hybrid 5G strategy, which focuses on enabling seamless integration across non-3GPP and 3GPP networks, ensuring operators can transition smoothly while maximizing the value of their existing infrastructure and paving the way for a fully standardized 5G–6G future.”

Capgemini brings critical 5G technical capabilities to this collaboration, including its gNodeB stack supporting transparent and regenerative satellite functionality, as well as FR1 and FR2 (millimeter wave) bands. These features are essential for enabling higher-capacity satellite links, improving spectral efficiency, and ensuring alignment with 3GPP standards. When integrated with ST Engineering iDirect’s Intuition ground system, the result is a solution that delivers global scalability, seamless roaming, and expanded coverage for operators worldwide.

“This collaboration underscores Capgemini’s commitment to advancing innovation across terrestrial and non-terrestrial networks,” said Nicolas Rousseau, Chief Digital Engineering and Manufacturing Officer at Capgemini. “By uniting ST Engineering iDirect’s satellite expertise with our 5G software leadership and global engineering reach, we are helping to accelerate the adoption of standards-based NTN solutions. Together, we are building the foundation for truly ubiquitous connectivity that empowers operators and enterprises across the world.”

The collaboration reflects a shared vision and a strong alignment with key customers and programs, ensuring the successful adoption of this transformative technology. By uniting terrestrial and satellite technologies under a standards-based framework, ST Engineering iDirect and Capgemini are driving the future of integrated networks, empowering industries and enterprises to achieve seamless global connectivity.

ST Engineering iDirect, a subsidiary of ST Engineering, is a global leader in satellite communications (satcom) providing technology and solutions that enable its customers to expand their business, differentiate their services and optimize their satcom networks. With over 40 years of delivering innovation focused on solving satellite’s most critical economic and technology challenges we are committed to shaping the future of how the world connects. The product portfolio, branded iDirect, represents the highest standards in performance, efficiency and reliability, making it possible for its customers to deliver the best satcom connectivity experience anywhere in the world. ST Engineering iDirect is a leader in key industries including mobility, broadcast and military/government. In 2007, iDirect Government was formed to better serve the U.S. government and defense communities. For more information visit www.idirect.net.

Capgemini is an AI-powered global business and technology transformation partner, delivering tangible business value. We imagine the future of organizations and make it real with AI, technology and people. With our strong heritage of nearly 60 years, we are a responsible and diverse group of 420,000 team members in more than 50 countries. We deliver end-to-end services and solutions with our deep industry expertise and strong partner ecosystem, leveraging our capabilities across strategy, technology, design, engineering and business operations. The Group reported 2024 global revenues of €22.1 billion. Make it real | www.capgemini.com

 

SamSan SLC Launches ‘OXCUS,’ a PFAS-Free Industrial Solid Lubricant Coating Brand

SEOUL, South Korea, Dec. 16, 2025 /PRNewswire/ — SamSan SLC, a solid lubricant coating manufacturer in Korea with a long-standing history in eco-friendly material science, announced the official launch of its new PFAS-free dry film lubricant brand, the OXCUS Series.

Developed in response to increasingly strict global environmental regulations, OXCUS PFAS-free coating technology is engineered to maintain stable performance under extreme temperatures and heavy loads. The series is gaining attention as a high-performance, sustainable alternative to conventional WS₂ & MoS₂ coating alternatives across aerospace, defense, automotive, and industrial machinery sectors.

About OXCUS PFAS-Free Coating

The newly introduced OXCUS Series consists of three product lines designed around specific performance requirements and application needs.

  • OXCUS 100 Series – Hybrid Type

A hybrid-type engineered for Automotive & Defense Dry Film Lubrication and aerospace systems requiring exceptional reliability under ultra-high load, high-temperature, and low-temperature environments. The series provides enhanced thermal resistance and wear durability, enabled by advanced OXCUS technology and optimized OXCUS raw materials.

  • OXCUS 200 Series – Epoxy Type

A versatile epoxy-based solution applicable to automotive brackets, industrial machinery components, and various general-purpose applications. It offers a balanced combination of environmental compliance, cost-efficiency, coat ability, and corrosion resistance, positioning it as one of the most adaptable PFAS-free industrial coating options on the market.

  • OXCUS 300 Series – PAI Type

A high-load, long-life coating designed for bearings, electric motor shafts, sliding components, and friction-intensive systems. Its durability and operational stability make it a strong alternative to traditional WS₂ and MoS₂ coatings, supported by advanced SamSan SLC Series coating materials.

All three lines were developed using a fully PFAS-Free formulation, allowing manufacturers to stay aligned with strengthening fluorine-free regulations in Europe and North America.

Highlights of OXCUS Technology

During development, industrial coating production SamSan SLC applied its proprietary Precision Coating Process to control film-thickness deviation within ±3%, ensuring uniform lubrication layers and minimizing performance variation between components.

Key improvements include a 40% reduction in friction coefficient and 2× increase in wear-life durability. SamSan SLC further optimized the coating process to support multiple substrates including metals, polymers, and composite materials, broadening the industrial applicability of its SamSan SLC PFAS-free lubricant coating solutions.

About SamSan SLC

As a leading solid lubricant coating manufacturer Korea, SamSan SLC has built its identity around the philosophy “Reduce friction with chemistry. Protect the environment with technology.”

The company has consistently focused on PFAS-free, eco-friendly lubrication materials, advancing its core values of innovation, quality reliability, sustainable manufacturing, and global expansion. Through the OXCUS Series, SamSan SLC aims to provide next-generation solutions that satisfy both high performance and environmental responsibility.

SamSan SLC Industrial Coating Insights & Growth Strategy

According to SamSan SLC industrial coating insights, the global solid lubricant coating market is valued at approximately USD 1.42 billion. As the EV, aerospace, and defense sectors continue to expand—and as PFAS regulations tighten worldwide—the demand for advanced coating materials is expected to rise significantly.

SamSan SLC aims to leverage this momentum by securing 10% global market share and doubling revenue within the next three years.

Key initiatives include strengthening OEM quality certifications, expanding compliance with REACH, RoHS, and other global environmental standards, integrating AI and data-driven process management, and enhancing its global distribution network.

The company also plans to amplify the environmental and technological value of OXCUS through messaging such as “The future of lubrication begins with OXCUS” and “PFAS-Free—toward a cleaner industrial ecosystem.”

A company spokesperson added, “The OXCUS Series represents the next generation of solid lubricant coatings, combining high performance with environmental responsibility. Built on our identity as a company committed to changing the environment through technology, we will continue advancing high-function, eco-friendly lubrication solutions to strengthen our global competitiveness.”

For more information, please visit the official website: www.lubts.co.kr

CONTACT: +82 31-491-5580, samsan@lubecoat.co.kr