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YR Fitness Unveils the Secret to Successful Gym Layout Design

SHANGHAI, Feb. 14, 2025 /PRNewswire/ — Success in the fitness industry goes beyond high-end equipment and expert trainers. According to YR Fitness, effective gym layout design is a game-changer, boosting member satisfaction, safety, and retention.

“A well-designed gym creates an environment that motivates and caters to diverse fitness needs,” says George Yang, Founder of Yanre Fitness. By combining strategic space planning and advanced equipment, the company helps gym owners optimize functionality and aesthetics.

With tailored solutions for gyms of all types, YR Fitness continues to lead the way in transforming fitness spaces. George Yang, Founder and Chief Product Designer of Yanre Fitness, is sharing insights into CrossFit gym layout strategies:

1. Principles of Effective Gym Layout Design

In crafting the ultimate gym space, the underlying principles of design form the bedrock of success. An in-depth understanding of space planning, equipment selection, lighting, and more can set the gym apart. We’ll dissect the vital principles that make up an effective gym layout design.

Maximizing Space Utilization

Maximizing the use of every square foot is crucial in gym layout design. It ensures that the facility serves various purposes without feeling cluttered. Efficient layout designs can be achieved by integrating versatile equipment and storage solutions. As a gym business owner, I’ve seen YR Fitness products are known for being space-efficient, allowing gym owners to maximize the utilization of their space.

Ensuring Accessibility

The gym layout should be designed with accessibility in mind, ensuring that all equipment and spaces can be accessed without difficulty. Pathways should be clear and wide enough to facilitate easy movement. Gym members are more likely to return to a facility if they find it easy to navigate. Also, accessibility features, such as ramps and wider doorways, are essential to accommodate all members, including those with disabilities. YR Fitness provides gym owners with consultation to ensure these features are implemented correctly.

Promoting Safety

A paramount aspect of gym layout design is promoting safety to reduce the risk of accidents and injuries. This can be achieved through regular safety inspections.This will help to easily identify potential hazards, and proper signage, and implement safety protocols throughout the gym, such as emergency exits, first aid stations, and fire prevention measures. YR Fitness also offers guidance on optimal safety practices. Here are some points to explore:

  • Traffic Flow Management
    A gym layout designed to manage traffic flow efficiently contributes to enhanced safety within the facility. By creating designated areas for different types of exercises and grouping similar equipment together, the gym can minimize congestion and reduce the chances of accidents or injuries due to overcrowding.
  • Optimal Equipment Placement
    The positioning of equipment within a gym is crucial for promoting safety. Equipment should be laid out in an organized fashion with ample space between each piece to allow members to move freely and access equipment easily. YR Fitness products come with layout recommendations to simplify this task.
  • Adequate Lighting
    Proper lighting in a gym is a vital element in ensuring the safety of members. Inadequate lighting can be a safety hazard as it makes it difficult for members to see clearly, increasing the risk of tripping, dropping weights, or using equipment incorrectly. YR Fitness equipment integrates lighting-friendly designs, allowing gym owners to create well-lit, inviting spaces.
  • Cleanliness and Hygiene
    A gym layout that incorporates cleanliness and hygiene features is essential for member safety, especially in the context of contagious diseases like COVID-19. Design features like sanitizing stations and designated spaces for equipment cleaning can contribute to a cleaner environment. An uncluttered layout that facilitates easy cleaning and maintenance helps in reducing the spread of germs and ensures a safer space. Many gyms that use YR Fitness equipment report easier maintenance and hygiene management.

Inviting Atmosphere

A gym should be aesthetically pleasing, as an inviting atmosphere can motivate members to work out more effectively. The choice of colors, lighting, and even the placement of plants can make a difference. Boutique facilities often focus on interior design to create the best environments. An example of good practice is to use ample natural light, which has been shown to positively affect mood and energy levels. In collaboration with YR Fitness, many gyms have optimized their layouts for a brighter, more welcoming atmosphere.

2. Essential Areas in Gym Layout Design

The heart and soul of a gym are the areas dedicated to various forms of exercise and amenities. According to IHRSA, the facility design should fit the market and the business model. Let’s delve into the essential areas that a gym should encompass, and how to design these spaces.

Entrance and Reception Area

The entrance and reception area is the first space that members see, so it should be welcoming and organized. This area should facilitate member check-ins efficiently and provide space for new members to inquire about services. First impressions play a crucial role in shaping member perceptions. It is recommended to keep the reception area decluttered and bright to create a welcoming and organized atmosphere. YR Fitness experts recommend keeping this area equipped with digital check-in systems to enhance the member experience.

Cardiovascular and Aerobic Zone

The cardiovascular and aerobic zone should have enough space to house treadmills, elliptical trainers, and other cardio machines. Ensure that machines are not too close together to avoid accidents. There are gyms that placed the cardio machines facing the windows, which many members found inspiring as they could enjoy a view while exercising. YR Fitness cardio equipment is designed with such flexible placement in mind.

Strength Training Section

The strength training area requires ample space for weight machines, benches, and racks. It should also include a free weights section. Placing mirrors on walls can be beneficial for members to monitor their form. Believe it, nobody likes a cramped weights section, and a pro tip is to have designated spaces for dumbbells and barbells to avoid clutter. YR Fitness provides customizable rack solutions to prevent overcrowding.

Functional Training

This area is for exercises that use body weight and should have ample floor space for members to do stretches and functional exercises. It can include equipment like resistance bands and kettlebells. Gym members appreciate when this space is not directly adjacent to the cardiovascular zone, as it’s generally quieter. Many gyms collaborate with YR Fitness for tailored functional training zones.

Group Exercise and Studio Spaces

Rooms for group exercises and studios should be soundproofed to prevent noise from filtering through the rest of the gym. They should be spacious enough to accommodate members comfortably. Some gym owners invested in a state-of-the-art sound system for their group exercise space, which has been a huge hit. YR Fitness has helped numerous studios integrate smart tech for group training.

Locker Rooms and Changing Facilities

Locker rooms and changing facilities should be clean and well-maintained. They should provide ample lockers, showers, and changing areas to prevent queues, especially during peak times. Cleanliness in locker rooms remains a top priority for members. Many gyms using YR Fitness equipment also take advantage of layout consultation services to achieve optimal locker room design.

Circulation Paths and Walkways

Paths and walkways should be clear and logically laid out to guide members through the gym easily. A clear layout is part of the member journey and has a positive effect on member experience. One of the best practices is to have the walkways wide enough to avoid congestion, especially during peak hours. YR Fitness offers expert advice on flow management within gym facilities.

3. Incorporating Technology in Gym Design

In this digital age, technology integration is paramount in enhancing the client experience. Incorporating elements such as sound systems, digital displays, and fitness tracking software can revitalize the gym’s environment. Let’s explore the innovative ways technology can be woven into gym layout design.

Digital Fitness Platforms

The integration of digital fitness platforms and apps is essential for modern gyms. These tools can help members track their fitness progress and access workout plans. For example, YR Fitness offers a range of smart fitness equipment compatible with various fitness apps, allowing gym owners to seamlessly integrate technology into their space.

Smart Equipment

Smart equipment is an innovative addition to any gym, offering connectivity to apps and providing performance feedback. These connected training systems can deliver a tailored experience, adjusting to members’ fitness levels and goals. Many gyms have found that investing in YR Fitness smart equipment enhances the overall member experience and distinguishes their facilities from competitors.

Tracking and Monitoring Devices

Tracking and monitoring devices such as wearables and heart rate monitors can be integrated into the gym layout. These devices help members analyze their performance and stay motivated. Gyms have reported an increase in member engagement after introducing these devices. YR Fitness collaborates with facilities to ensure seamless integration of these technologies.

4. Common Mistakes in Gym Layout Design and How To Avoid Them

The gym layout is more than just an arrangement of equipment; it’s an essential component of the member experience. A well-thought-out layout can keep members engaged, while common mistakes can make the space inefficient and less inviting. Let’s dissect the common mistakes and how they can be avoided.

Overcrowding Equipment

One of the most common mistakes in gym layout design is overcrowding the equipment. Not only does this create an uncomfortable atmosphere, but it can also be a safety hazard. Striking a balance between maximizing space and ensuring enough room for movement and social distancing is crucial. Many gyms ensure at least 6 feet of distance between equipment to promote a safe and comfortable environment. YR Fitness equipment helps gyms optimize their layouts to avoid this issue.

Ignoring Flow of Movement

Ignoring the flow of movement can result in a chaotic and confusing gym layout. Ensuring a logical flow that guides members seamlessly through different workout zones is essential. Members tend to appreciate an intuitive layout that allows them to move smoothly from one area to another. A common approach is to group similar equipment together and maintain clear circulation paths. YR Fitness offers planning tools designed to streamline this process and enhance the overall member experience.

Comfort and Convenience

Comfort and convenience are critical factors in retaining members. Neglecting aspects such as ventilation, locker rooms, and hydration stations can negatively impact the member experience. Proper lighting and ventilation are essential for creating a safe and comfortable environment. It is good to invest in high-quality HVAC systems and strategically placed water stations for members’ convenience. Many gyms working with YR Fitness have prioritized these features with great success.

5. Key Factors To Consider When Designing a Gym Layout

When embarking on designing a gym layout, there are several key factors that should be taken into consideration to ensure the space is not only functional but also conducive for workouts. Let’s explore these considerations and how they impact gym layout design.

#1 Available Space

The available space is one of the first factors to consider. It dictates the amount and type of equipment that can be accommodated. Space planning involves maximizing the use of space while ensuring that equipment is placed logically and accessible for clients. Some gyms use a gym layout planner app to help visualize the space and make the most out of it. YR Fitness offers space optimization services to help gym owners plan effectively.

#2 Type of Gym

The type of gym dictates the layout design. Understanding the specific needs of each gym type is crucial in creating a layout that enhances the member experience. Below are some examples to explore:

  • Commercial Big Box Gyms
    Commercial Big Box Gyms generally possess a spacious area for cardio machines and an ample section for weight training. They also usually feature group classes and supplementary amenities, such as basketball courts. The wide array of options caters to diverse fitness needs and preferences. These gyms are ideal for individuals who fancy flexibility and variety in their workout routines.
  • Boutique Gyms
    This is an excellent choice for those who are considering opening a gym and seeking specialized training or a more intimate and customized gym environment. They are smaller, specialized fitness centers that focus on high-quality, personalized experiences. With a cozier environment and limited membership, these gyms provide a more communal and personalized experience. Many boutique gyms rely on YR Fitness for specialized equipment setups.
  • Women’s Only Gyms
    Exclusively for women, these gyms create a comfortable and supportive environment for female fitness enthusiasts. They provide equipment and amenities tailored to women’s fitness needs. This type of gym is ideal for women who prefer working out in a more private setting, free from the common hustle and bustle of mixed-gender gyms.
  • Rock Climbing Gyms
    These gyms are primarily focused on rock climbing activities. They feature various climbing walls and boulders, catering to different skill levels. Rock climbing is a full-body workout that also offers mental challenges as climbers must strategize their routes. These gyms often foster a tight-knit community, making them ideal for those looking for a combination of physical and mental exercise in a communal setting.
  • CrossFit Gyms
    CrossFit Gyms offer high-intensity workouts that blend strength training, cardio, and coordinated movements. Workouts of the Day (WODs) keep the routines fresh and challenging. These gyms are equipped to support CrossFit’s intense exercise philosophy. The sense of competition and community in these gyms is robust, and they attract those who thrive in such environments.

#3 Target Audience

Knowing the target audience is essential for gym layout design. If the gym mainly caters to individuals seeking strength training, the weights section should be prominent. Conversely, a gym targeting aerobic enthusiasts should have ample space for classes and cardio equipment. Conducting a survey to understand the members’ preferences can significantly influence the layout design. YR Fitness often works closely with gym owners to customize layouts based on target demographics.

#4 Safety and Accessibility Features

The list below highlights the key features and considerations related to safety and accessibility in gym layout design. Discover how prioritizing emergency exit accessibility, slip and fall prevention, equipment placement, compliance with accessibility standards, regular safety audits, and proper lighting contribute to a safe and inclusive gym environment, ensuring member well-being and adherence to the highest safety standards.

  • Emergency Exit Accessibility:
    Gym design should prioritize easy access to emergency exits with clear, unobstructed pathways. Signage and proper lighting should guide members to the nearest exits for swift evacuation during emergencies. YR Fitness partners with gym owners to plan emergency exit routes as part of a safe design.
  • Slip and Fall Prevention:
    Non-slip flooring materials, such as rubber surfaces, should be used in high-traffic and moisture-prone areas like locker rooms and showers. Regular cleaning and maintenance are necessary to keep floors safe and hazard-free. Many gyms working with YR Fitness use these flooring solutions to prevent accidents.
  • Equipment Placement and Spacing:
    Proper equipment arrangement and adequate spacing allow for ease of movement and reduce the risk of accidents or collisions. Pathways and emergency exits must remain unobstructed by equipment. YR Fitness provides modular equipment that facilitates optimized layouts with clear circulation paths.
  • Compliance with Accessibility Standards:
    Gym layouts should comply with accessibility requirements, offering equal access for all members, including those with disabilities. This includes wheelchair-accessible entrances, ramps, elevators, and adaptive equipment options. YR Fitness works closely with gym owners to ensure compliance with these accessibility standards.
  • Regular Safety Audits and Inspections:
    Conducting regular safety audits ensures the gym meets safety standards. Audits assess emergency preparedness, equipment maintenance, flooring conditions, and adherence to regulations. Prompt resolution of safety issues maintains a secure environment. Many gyms that use YR Fitness equipment include scheduled safety inspections in their operations.
  • Proper Lighting and Visibility:
    Adequate lighting throughout the gym enhances visibility, reducing accident risks and promoting a sense of security. All areas, including walkways, workout zones, locker rooms, and parking lots, should be well-lit. YR Fitness equipment layouts are designed to accommodate optimal lighting for all workout areas.
  • Safety Signage and Instructions:
    Clear safety signage should be displayed throughout the gym to provide instructions, warnings, and emergency procedures. Easily accessible safety information promotes awareness and informed behavior among members. YR Fitness experts recommend strategically placed signage near equipment zones.
  • Staff Training and Emergency Response:
    Gym staff should be trained in safety protocols, emergency response, first aid, and CPR. Well-prepared staff can respond swiftly and effectively to accidents or medical emergencies, ensuring members receive timely assistance. YR Fitness offers guidance on staff preparedness as part of its layout services.

Crafting a memorable customer experience is pivotal for the success of every gym. This involves considering the needs and preferences of the target audience and integrating them into the design. The aesthetics should resonate with the brand identity you wish to convey. For instance, if the gym caters to elite athletes, a high-performance environment with cutting-edge equipment and technology integration is essential. YR Fitness helps gym owners curate these experiences to build long-term loyalty.

Conclusion

As we have walked through the essentials of gym layout design, from understanding gym demographics to allocating space for various activities, this comprehensive guide has laid the foundation for creating a fitness space that maximizes efficiency, promotes safety, and fosters an inspiring environment for members.

Any gym business seeking top-of-the-line gym equipment to complement an exceptional layout should consider YR Fitness. Known for significant brand quality at factory prices, it is a go-to source for high-performance fitness equipment. Don’t hesitate to reach out to us for any questions or to discuss how we can meet your gym equipment needs. Contact us today!

For more information, contact:
YR Fitness

Email: sales@yanrefitness.com
Website:
yanrefitness.com  

Notice convening the Annual General Meeting of AB Electrolux

STOCKHOLM, Feb. 14, 2025 /PRNewswire/ — The shareholders of AB Electrolux (publ), reg. no. 556009-4178 (the “Company”), are hereby given notice of the Annual General Meeting to be held on Wednesday, March 26, 2025, at 4.00 p.m. (CET) at Bio Skandia, Drottninggatan 82 in Stockholm, Sweden. Admission and registration will commence at 3.00 p.m. (CET).

The Board of Directors has decided that the shareholders shall have the possibility to exercise their voting rights by postal voting before the Annual General Meeting, as instructed below.

The Annual General Meeting will be webcasted live via Electrolux Group’s website, www.electroluxgroup.com/agm2025.

The Annual General Meeting will be conducted in Swedish and simultaneously translated into English.

Registration and notification

Participation at the meeting venue

Shareholders who wish to participate at the meeting venue, in person or by proxy, must

  • be listed as a shareholder in the presentation of the share register prepared by Euroclear Sweden AB concerning the circumstances on Tuesday, March 18, 2025; and
  • give notice of its participation no later than Thursday, March 20, 2025
    • by telephone +46 8 402 92 79 on weekdays between 9 a.m. and 4 p.m. (CET),
    • by post to AB Electrolux, c/o Euroclear Sweden AB, Box 191, SE-101 23 Stockholm, Sweden, or
    • via Euroclear Sweden AB’s website, https://anmalan.vpc.se/EuroclearProxy/.

The notification shall include the shareholder’s name, personal or corporate identification number, address and telephone number, and any assistants (two at most).

If a shareholder is represented by proxy, a written and dated proxy signed by the shareholder shall be issued for the representative. A representative for a shareholder that is a legal entity shall provide a registration certificate or other supporting document that shows the authorized signatory of the shareholder. In order to facilitate registration at the Annual General Meeting, the proxy and/or registration certificate or other supporting documents should be sent to the Company to the address above well in advance of the Annual General Meeting.

Proxy forms are available on Electrolux Group’s website, www.electroluxgroup.com/agm2025 and are also provided by the Company upon request.

Postal voting

Shareholders who wish to participate in the Annual General Meeting by postal voting must

  • be listed as a shareholder in the presentation of the share register prepared by Euroclear Sweden AB concerning the circumstances on Tuesday, March 18, 2025; and
  • give notice of its participation by casting its postal vote in accordance with the instructions below so that the postal vote is received by Euroclear Sweden AB on behalf of the Company no later than on Thursday, March 20, 2025.

Shareholders who wish to attend the meeting venue in person or by proxy, must give notice in accordance with the instructions listed under “Participation at the meeting venue” above. Hence, a notification of participation only through postal voting is not sufficient for shareholders who also wish to attend the meeting venue.

A special form shall be used for postal voting. The form for postal voting is available at Electrolux Group’s website, www.electroluxgroup.com/agm2025 and is also provided by the Company upon request.

The completed and signed form for postal voting shall be either sent by post to AB Electrolux, c/o Euroclear Sweden AB, Box 191, SE-101 23 Stockholm, Sweden, or by e-mail to GeneralMeetingService@euroclear.com. Shareholders may also cast their postal vote electronically through verification with BankID via Euroclear Sweden AB’s website, https://anmalan.vpc.se/EuroclearProxy/.

If the shareholder submits its postal vote by proxy, a written and dated proxy signed by the shareholder must be enclosed to the form for postal voting. A representative for a shareholder that is a legal entity must enclose, to the form for postal voting, a registration certificate or other supporting document which shows the authorized signatory of the shareholder. Proxy forms are available on Electrolux Group’s website, www.electroluxgroup.com/agm2025 and are also provided by the Company upon request.

The shareholder may not provide specific instructions or conditions to the postal vote. If so, the vote (i.e., the postal vote in its entirety) is invalid. Further instructions and conditions are included in the form for postal voting and at Euroclear Sweden AB’s website, https://anmalan.vpc.se/EuroclearProxy/.

Shares registered in the name of a nominee

In order to be entitled to participate in the Annual General Meeting, by attending the meeting venue or by postal voting, a shareholder whose shares are registered in the name of a nominee must, in addition to giving notice of participation in the Annual General Meeting in accordance with the instructions above, register its shares in its own name so that the shareholder is listed in the presentation of the share register as of the record date on Tuesday, March 18, 2025. Such re-registration may be temporary (so-called voting rights registration), and request for such voting rights registration shall be made to the nominee, in accordance with the nominee’s routines, at such time in advance as decided by the nominee. Voting rights registrations that have been made by the nominee no later than Thursday, March 20, 2025, will be taken into account in the presentation of the share register.

Agenda

  1. Election of Chair of the Annual General Meeting.
  2. Preparation and approval of voting list.
  3. Approval of agenda.
  4. Election of two minutes-checkers.
  5. Determination as to whether the Annual General Meeting has been properly convened.
  6. Presentation of the Annual Report and the Audit Report as well as the Consolidated Accounts and the Group Audit Report.
  7. Presentation by the President and CEO.
  8. Resolution on adoption of the Income Statement and the Balance Sheet as well as the Consolidated Income Statement and the Consolidated Balance Sheet.
  9. Resolution on discharge from liability of the Directors and the President and CEO for 2024.
  10. Resolution on dispositions in respect of the Company’s profit or loss pursuant to the adopted Balance Sheet.
  11. Determination of the number of Directors and Deputies.
  12. Determination of fees to the Board of Directors and the Auditor.
  13. Election of Board of Directors and Chair of the Board. 
    1. Geert Follens (re-election)
    2. Petra Hedengran (re-election)
    3. Ulla Litzén (re-election)
    4. Torbjörn Lööf (re-election)
    5. Daniel Nodhäll (re-election)
    6. Karin Overbeck (re-election)
    7. David Porter (re-election)
    8. Michael Rauterkus (re-election)
    9. Yannick Fierling (new election)
    10. Torbjörn Lööf as Chair of the Board (re-election)
  14. Election of Auditor.
  15. Resolution on approval of the Remuneration Report.
  16. Resolutions on 
    1. transfer of own shares on account of company acquisitions; and
    2. transfer of own shares on account of the share program for 2023.
  17. Resolutions on 
    1. implementation of a performance based long-term share program for 2025; and
    2. transferring own shares to the participants in the long-term share program for 2025; or
    3. entering into an equity swap agreement with a third party.
  18. Closing of the Annual General Meeting.

Proposals for decisions

Item 1 – Election of Chair of the Annual General Meeting

AB Electrolux Nomination Committee, consisting of the Chair Christian Cederholm (Investor AB) and the members Marianne Nilsson (Swedbank Robur Funds), Anders Hansson (AMF Tjänstepension och Fonder), Carina Silberg (Alecta) and Torbjörn Lööf (Chair of the Board of AB Electrolux), proposes

  • Eva Hägg, member of the Swedish Bar Association, as Chair of the Annual General Meeting.

Item 2 – Preparation and approval of voting list

The voting list proposed for approval is the voting list drawn up by Euroclear Sweden AB on behalf of the Company, based on the Annual General Meeting’s register of shareholders, shareholders having given notice of participation and being present at the meeting venue, and postal votes received.

Item 10 – Resolution on dispositions in respect of the Company’s profit or loss pursuant to the adopted Balance Sheet

The Board of Directors proposes that no dividend shall be distributed for the fiscal year 2024 and that available funds shall be carried forward in the new accounts.

Item 11 – Determination of the number of Directors and Deputies

The Nomination Committee proposes that the number of Directors of the Company elected by the Annual General Meeting shall be nine and that no Deputies shall be appointed.

Item 12 – Determination of fees to the Board of Directors and the Auditor

The Nomination Committee proposes fees to Directors of the Board not employed by Electrolux Group as follows.

  • SEK 2,660,000 to the Chair of the Board and SEK 775,000 to each of the other Directors of the Board elected by the Annual General Meeting; and
  • for committee work, to the members who are appointed by the Board of Directors:
    SEK 392,000 to the Chair of the Audit Committee and SEK 248,000 to each of the other members of the Audit Committee, SEK 212,000 to the Chair of the People Committee and SEK 145,000 to each of the other members of the People Committee, and SEK 360,000 to the Chair of the Strategic Planning Committee and SEK 205,000 to each of the other members of the Strategic Planning Committee.

In addition to the above fees, the Nomination Committee also proposes that the following meeting fee will be paid to each Director, for each Board meeting in Sweden such Director attends in-person:

  • For a Director domiciled in the Nordics: 0
  • For a Director domiciled in Europe outside the Nordics: EUR 1,500
  • For a Director domiciled outside Europe: USD 3,000

The Nomination Committee further proposes that the Auditor’s fee be paid as incurred, for the Auditor’s term of office, on approved account.

Item 13 – Election of Board of Directors and Chair of the Board

The Nomination Committee proposes that the following persons are elected to the Board of Directors until the end of the Annual General Meeting 2026.

  • Re-election of the Directors Geert Follens, Petra Hedengran, Ulla Litzén, Torbjörn Lööf, Daniel Nodhäll, Karin Overbeck, David Porter and Michael Rauterkus;
  • New election of Yannick Fierling as Director; and
  • Re-election of Torbjörn Lööf as Chair of the Board of Directors.

A presentation of the proposed Directors of the Board is available on Electrolux Group’s website, www.electroluxgroup.com/agm2025.

Item 14 – Election of Auditor

The Nomination Committee proposes, in accordance with the recommendation by the Audit Committee, election of the audit firm Öhrlings PricewaterhouseCoopers AB as the Company’s auditor for the period until the end of the Annual General Meeting 2026.

Item 16 – Resolutions on a) transfer of own shares on account of company acquisitions; and b) transfer of own shares on account of the share program for 2023

The Company has previously, on the basis of authorizations by the Annual General Meeting, acquired own shares for the purpose of using these shares to finance potential company acquisitions, as a hedge for the Company’s share related incentive programs as well as to adapt the Company’s capital structure. The Board of Directors considers it to be of continued advantage for the Company to be able to use repurchased shares on account of potential company acquisitions and the Company’s share related incentive programs, and the Board of Directors therefore proposes the authorization to be renewed for the period until the following Annual General Meeting.

In view of the above, the Board of Directors proposes as follows.

a) Transfer of own shares on account of company acquisitions

The Board of Directors proposes the Annual General Meeting to authorize the Board of Directors, for the period until the next Annual General Meeting, on one or several occasions, to resolve on transfers of the Company’s own shares of series B in connection with or as a consequence of company acquisitions as follows.

  1. Own shares of series B held by the Company at the time of the Board of Directors’ decision on the transfer may be transferred.
  2. Transfer of shares may take place outside Nasdaq Stockholm as set out in Chapter 19, Sections 35–37 of the Swedish Companies Act.
  3. The shares may be transferred with deviation from the shareholders’ preferential rights. The reason for the deviation from the shareholders’ preferential rights shall be that transfer of own shares enables alternative forms of payment for company acquisitions which according to the Board of Directors is beneficial for the Company and contributes to increased shareholder value.
  4. Transfer of shares shall be made at a minimum price per share corresponding to an amount in close connection with the price of the Company’s share of series B on Nasdaq Stockholm at the time of the decision on the transfer.
  5. Payment for transferred shares may be made in cash, by contributions in kind or by a set-off of Company debt.

b) Transfer of own shares on account of the share program for 2023

The Board of Directors proposes that the Annual General Meeting resolves that the Company shall be entitled, for the period until the next Annual General Meeting, on one or several occasions, to transfer a maximum of 815,000 own shares of series B in the Company for the purpose of covering costs related to social security charges, that may arise as a result of the Company’s obligations under the previously adopted share program for 2023. Such transfers shall take place on Nasdaq Stockholm at a price within the prevailing price interval for the Company’s shares of series B at Nasdaq Stockholm from time to time.

Majority requirement

Valid resolutions in accordance with the Board of Directors’ proposals a) and b) above require that shareholders holding no less than two thirds of the votes cast as well as the shares represented at the Annual General Meeting are in favor of the proposals.

Item 17 – Resolutions on a) implementation of a performance based long-term share program for 2025, and hedging arrangements by either b) transferring own shares to the participants in the long-term share program for 2025 or c) entering into an equity swap agreement with a third party

Background

The Board of Directors in the Company has decided to propose a performance based long-term incentive program for 2025 (the “Share Program 2025”). The proposed program is in all material aspects unchanged compared with the share program for 2024, with the exception that a one-year performance period shall be applied with respect to the financial performance target (‘earnings per share’) whilst the three-year performance period shall remain for the other performance target (‘CO2 reduction’). The Board of Directors is convinced that the proposed program will be beneficial to the Company’s shareholders as it will contribute to the possibilities to recruit and retain competent employees in Electrolux Group, is expected to increase the commitment and the motivation of the program participants and strengthen the participants’ ties to the Company and its shareholders.

Proposals of the Board of Directors

In view of the above, the Board of Directors proposes that the Annual General Meeting resolves a) to implement the Share Program 2025, and hedging arrangements by either b) transferring own shares to the participants in the Share Program 2025 or c) entering into an equity swap agreement with a third party.

a) Resolution on implementation of a performance based long-term share program for 2025

The Board of Directors proposes that the Annual General Meeting resolves to implement the Share Program 2025 with the following principal terms and conditions:

  1. The program is proposed to include up to 800 senior managers and key employees of Electrolux Group, who are divided into seven participant groups; the President and CEO (“Group 1”), other members of Group Management (“Group 2”), and five additional groups for other senior managers and key employees (“Group 3–7”). Invitation to participate in the program shall be provided by the Company no later than on May 16, 2025.
  2. Participants are offered to be allocated shares of series B in the Company (“Performance Shares”), provided that the participant remains employed until January 1, 2028. Exemptions to this requirement may be prescribed in specific cases, including a participant’s death, disability, retirement or the divestiture through a sale, spin-off or otherwise of the participant’s employing company from Electrolux Group.
  3. The Performance Shares shall be based on maximum performance values for each participant group. The maximum performance value for the participants in Group 1 will be 100 per cent of the participant’s annual base salary for 2025, for participants in Group 2, 90 per cent of the participant’s annual base salary for 2025, for participants in Group 3, 80 per cent of the participant’s annual base salary for 2025, for participants in Group 4, 60 per cent of the participant’s annual base salary for 2025, for participants in Group 5, 50 per cent of the participant’s annual base salary for 2025, for participants in Group 6, 40 per cent of the participant’s annual base salary for 2025, and for participants in Group 7, 20 per cent of the participant’s annual base salary for 2025. The total sum of the maximum values of the Performance Shares defined for all participants will not exceed MSEK 541 excluding social costs.
  4. Each maximum performance value shall thereafter be converted into a maximum number of Performance Shares[1], based on the average closing price paid for the Company’s share of series B on Nasdaq Stockholm during a period of ten trading days before the day the participants are invited to participate in the Share Program 2025, reduced by the present value of estimated dividend payments for the period until shares are allotted.
  5. The calculation of the number of Performance Shares shall be connected to performance targets established by the Board of Directors for the performance period, for Electrolux Group’s (i) earnings per share[2] and (ii) CO2 reduction[3]. The performance targets adopted by the Board of Directors will stipulate a minimum level and a maximum level, with the relative weight of the performance targets (i) and (ii) being 80 per cent and 20 per cent, respectively. For the participants in Group 1 and 2 (Group Management), the granted Performance Shares based on (i) and (ii) will be multiplied by 0.75–1.25 depending on the outcome of a relative total shareholder return target[4]. The performance period is one year (financial year 2025) with respect to performance target (i) earnings per share and three years (financial years 2025–2027) with respect to performance target (ii) CO2 reduction as well as three years (financial years 2025–2027) with respect to the relative total shareholder return target for the participants in Group 1 and 2 (Group Management).
  6. Performance outcome of the established performance targets will be determined by the Board of Directors after the expiry of the respective performance period. If the maximum performance level is reached or exceeded, the allocation will amount to (and will not exceed) the maximum number of Performance Shares following from 3 and 4 above. If performance is below the maximum level but exceeds the minimum level, a proportionate allocation of Performance Shares will be made. No allocation will be made if performance amounts to or is below the minimum level. Information on the performance targets and the outcome will be provided no later than in connection with the allocation of Performance Shares in accordance with 7 below.
  7. If all conditions in the Share Program 2025 are met, allocation of Performance Shares will take place in the first half of 2028. Allocation will be free of consideration except for tax liabilities.
  8. Certain deviations in or adjustments of the terms and conditions for the Share Program 2025 may be made based on local rules and regulations as well as applicable market practice or market conditions or, where appropriate, due to group re-organizations, including cash settlement instead of delivery of shares under certain circumstances.
  9. The Board of Directors, or a committee established by the Board for these purposes, shall be responsible for the preparation and management of the Share Program 2025, within the framework of the aforementioned terms and conditions.
  10. If material changes would occur within Electrolux Group or on the market that, according to the Board of Directors’ assessment, would lead to the conditions for allocation of Performance Shares no longer being reasonable, the Board of Directors shall also have the right to make other adjustments of the Share Program 2025, including e.g. a right to resolve on a reduced allotment of Performance Shares.

Costs for the Share Program 2025

The total costs for the Share Program 2025, if the maximum number of Performance Shares are delivered, are estimated to a maximum of MSEK 629, which corresponds to approximately 2.61 per cent of Electrolux Group’s total employment cost for 2024. The costs will be recognized over the years 2025–2027, in accordance with IFRS 2. The costs have been calculated as the sum of salary costs, including social costs, and administration costs for the program. Administration costs are estimated to be less than MSEK 1. If no allotment of shares is made, only administration costs will arise.

The costs have been calculated based on the value, at the start of the program, of the Performance Shares that may be allotted at maximum performance, through transfer of own shares, with a reduction of the present value of estimated dividend payments during a three-year period. The estimate on maximum costs assumes maximum performance and that the number of participants that will leave Electrolux Group during the performance period is the same as the historical average since the introduction of share programs in 2004. In the calculation, a maximum share price of SEK 183 per share has been applied.

Hedging measures for the Share Program 2025

In order to implement the Share Program 2025 in a cost-effective and flexible manner, the Board of Directors has considered various methods for transfer of shares to the participants. The Board of Directors has found that the most cost-effective alternative is transfer of own shares and proposes as the main alternative that the Annual General Meeting resolves on transfer of own shares in accordance with item b) below.

Should the majority required under item b) below not be reached, the Board of Directors proposes that the Annual General Meeting resolves that the Company should be able to enter into an equity swap agreement with a third party in accordance with item c) below. The costs in connection with an equity swap agreement will be higher than the costs in connection with the transfer of own shares.

Number of shares, effects on key figures, etc.

The maximum number of Performance Shares that could be allotted to the participants under the Share Program 2025 shall be limited to 6,518,000, which corresponds to approximately 2.30 per cent of the total number of shares and 1.83 per cent of the votes in the Company.[5] The Share Program 2025 does not result in any dilutive effect on share capital or votes. If repurchased own shares are allocated under the Share Program 2025, the number of outstanding shares in the Company will increase with not more than 6,518,000 shares of series B, which corresponds to a maximum dilutive effect on earnings per share of approximately 2.36 per cent.[6] The dilutive effect on earnings per share is independent of the share price as Performance Shares are delivered free of consideration.

The total maximum increase in the number of outstanding shares of all outstanding share programs in the Company is estimated to be not more than 16,591,000 shares of series B, delivered free of consideration, corresponding to a dilutive effect on earnings per share of approximately 5.80 per cent.[7] In this calculation, the maximum allotment of shares has been assumed for the share programs 2025, 2024 and 2023.

b) Resolution on transfers of own shares to the participants in the long-term share program for 2025

In order to secure the delivery of Performance Shares in accordance with the terms and conditions of the Share Program 2025, the Board of Directors proposes that the Annual General Meeting resolves that the Company shall transfer a maximum of 6,518,000 shares of series B in the Company on the following terms and conditions:

  1. The right to receive shares shall be granted to participants within Electrolux Group covered by the terms and conditions pursuant to the Share Program 2025. Furthermore, subsidiaries within Electrolux Group shall have the right to acquire shares, free of consideration, and such subsidiaries shall be obligated to immediately transfer, free of consideration, shares to participants covered by the terms and conditions of the Share Program 2025.
  2. The participant shall have the right to receive shares during the period when the participant is entitled to receive shares pursuant to the terms and conditions of the Share Program 2025.
  3. Participants covered by the terms and conditions of the Share Program 2025 shall receive shares of series B in the Company free of consideration.
  4. The number of shares of series B in the Company that may be transferred under the Share Program 2025 will be subject to recalculation as a result of intervening bonus issues, splits, rights issues and/or other similar corporate events.

c) Resolution on entering into an equity swap agreement with a third party

In the event that the required majority under item b) above cannot be reached, the Board of Directors proposes that the Annual General Meeting resolves that the expected financial exposure of the Share Program 2025 shall be hedged by the Company entering into an equity swap agreement with a third party on terms and conditions in accordance with market practice, whereby the third party in its own name may acquire and transfer shares of series B in the Company to employees who participate in the Share Program 2025. Indicative costs for an equity swap agreement amount to approximately MSEK 45.

Conditions

The Annual General Meeting’s resolution to implement the Share Program 2025 in accordance with item a) above is conditional upon the Annual General Meeting resolving either in accordance with the proposal to transfer own shares of series B in the Company to participants in the Share Program 2025 in accordance with item b) above, or that an equity swap agreement with a third party may be entered into by the Company in accordance with item c) above.

Majority requirements

The resolution of the Annual General Meeting to implement the Share Program 2025 according to item a) above requires that more than half of the votes cast at the Annual General Meeting are in favor of the proposal. The resolution of the Annual General Meeting to transfer own shares according to item b) above requires that shareholders representing at least nine-tenths of the votes cast as well as the shares represented at the Annual General Meeting are in favor of the proposal. The resolution of the Annual General Meeting that the Company may enter into an equity swap agreement with a third party in accordance with item c) above requires that more than half of the votes cast are in favor of the proposal.

Preparation of the proposal for the Share Program 2025

The proposal for the Share Program 2025 has been prepared by the People Committee and the Board of Directors.

Other share related incentive programs

For a description of the Company’s outstanding share related incentive programs, reference is made to the Annual Report for 2024, note 27, and the corporate governance section on Electrolux Group’s website, www.electroluxgroup.com/en/. In addition to the programs described, no other share related incentive programs have been implemented.

Shares and votes

As of the day of announcement of this notice, there are in total 283,077,393 shares in AB Electrolux of which 8,191,804 are series A shares, each carrying one vote, and 274,885,589 are series B shares, each carrying one-tenth of a vote, corresponding to in total 35,680,362.9 votes. As of the same date the Company holds 12,581,075 own shares of series B, corresponding to 1,258,107.5 votes that may not be represented at the Annual General Meeting.

Shareholders’ right to receive information

The Board of Directors and the President and CEO shall at the Annual General Meeting, if any shareholder so requests and the Board of Directors considers that it can be done without material harm to the Company, provide information regarding circumstances that may affect the assessment of an item on the agenda and circumstances that may affect the assessment of the Company’s or its subsidiaries’ financial situation and the Company’s relation to other group companies. Shareholders wishing to submit questions in advance may send them to AB Electrolux, Attn: Office of the General Counsel, SE-105 45 Stockholm, Sweden or by e-mail at agm@electrolux.com.

Documents

The complete proposals from the Board of Director and the Nomination Committee are set out above. Proxy forms, postal voting form, a presentation of about the persons proposed as Directors of the Board, and the Nomination Committee’s explanatory statement etc., can be found on Electrolux Group’s website, www.electroluxgroup.com/agm2025. The Annual Report, the Auditor’s Report, the Auditor’s statement pursuant to Chapter 8, Section 54 of the Swedish Companies Act regarding the Remuneration Guidelines, and the Remuneration Report pursuant to Chapter 8, Section 53 a of the Swedish Companies Act, will be available no later than Wednesday, March 5, 2025 at AB Electrolux, S:t Göransgatan 143, SE 105 45 Stockholm, Sweden and on Electrolux Group’s website, www.electroluxgroup.com/agm2025. The documents will also be sent to shareholders who so specifically request and state their address.

For information on how your personal data is processed, see

https://www.euroclear.com/dam/ESw/Legal/Privacy-notice-bolagsstammor-engelska.pdf.

If you have questions regarding our processing of your personal data, you can contact us by emailing privacy@electrolux.com. AB Electrolux has company registration number 556009-4178 and the Board’s registered office is in Stockholm, Sweden.

Stockholm, February 2025
AB Electrolux (publ)
The Board of Directors

[1] With a possibility for the Board of Directors to make adjustments for extraordinary events such as bonus issue, split, rights issue and/or other similar events in accordance with customary practice for corresponding incentive programs.

[2] Earnings per share as defined in the financial statements (with a possibility for the Board of Directors to make adjustments for extraordinary events).

[3] The CO2 reduction target refers to greenhouse gas reductions within the following two areas: (i) operations and (ii) energy from product use, with the relative weight of the performance targets being 25 per cent for area (i) and 75 per cent for area (ii). The target will be measured on selected predefined product categories and regions.

[4] The relative total shareholder return target refers to the Company’s total shareholder return (“TSR”) (share price appreciation added by sum of all dividends received during the performance period) performance versus the FTSE EMEA Consumer Discretionary index during 2025–2027. If the Company’s TSR is at or below the lower quartile of the index, a multiplier of 0.75 will apply. If TSR is at or above the upper quartile, a multiplier of 1.25 will apply. If TSR is below the upper quartile but exceeds the lower quartile a proportionate multiplier between 0.75 and 1.25 will apply. The Board of Directors will have the possibility to make adjustments for extraordinary events such as a change of the composition of the index during the performance period.

[5] With a possibility for the Board of Directors to make adjustments for extraordinary events such as bonus issue, split, rights issue and/or other similar events in accordance with customary practice for corresponding incentive programs.

[6] Outstanding shares defined as the total number of issued shares in the Company reduced by the number of own shares held by the Company.

[7] Outstanding shares defined as the total number of issued shares in the Company reduced by the number of own shares held by the Company.

For further information, please contact Electrolux Press Hotline, +46 8 657 65 07.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/electrolux-group/r/notice-convening-the-annual-general-meeting-of-ab-electrolux,c4104907

The following files are available for download:

https://mb.cision.com/Main/1853/4104907/3262793.pdf

250214 Press release notice AGM 2025 AB Electrolux eng

 

OSL Unveils New Global Branding

A New Chapter of Growth

HONG KONG, Feb. 14, 2025 /PRNewswire/ — OSL Group (863.HK), a publicly listed company dedicated to digital assets, today announced the launch of its new global branding, representing the Group’s renewed positioning, mission and vision in the rapidly evolving digital asset industry.

The new logo and branding of OSL will be highly recognisable by more target markets as the Group expands its offerings and presence across the global digital asset landscape. This transformation underscores OSL’s commitment to continuous innovation and its bold mission to create a world where individuals and businesses can access digital assets in a trusted and secure environment.

The new brand and identity reflect OSL’s growth and next exciting phase – as a global network of premier digital asset offerings accessible to a wider global audience.

Kevin Cui, Executive Director and CEO of OSL Group, stated, “The OSL brand has been around since 2018. Rebranding OSL is about staying true to our core: Simply Crypto. By 2025, we’ll expand into markets with clear regulations, focusing on what we do best—harnessing crypto adoption into the financial system to benefit every individual and business. This is how we bring our vision to life – Open, Secure, Licensed.”

The new branding will be gradually rolled out across all OSL channels, coinciding with expanded offerings and improved user experiences on its platforms.

About OSL Group

OSL Group (formerly BC Technology Group) is at the forefront of the digital asset industry, striving for excellence in providing innovative solutions for institutions, professional, and retail investors. As a leading player in the digital asset space, OSL Group is committed to a long-term strategy.

With a rich history and experience in the sector, OSL Group is backed by a track record of regulatory compliance and excellence. OSL offers a comprehensive suite of services, including brokerage, institutional service and retail service, setting the standard of the regulated crypto industry.

Proudly the world’s first insured and SFC-licensed digital asset platform, OSL Group places paramount importance on regulatory compliance and security, upholding the highest industry standards. Our platform is designed to cater to institutional client, professional & retail investors, providing advanced products with deep liquidity and reliable customer support.

At OSL Group, we envision the future of finance in digital assets and are dedicated to guiding our clients through this dynamic landscape. Our team of experts brings together extensive experience in traditional finance, technology, and digital assets, ensuring that our clients receive top-tier support and service.

For more information, visit: group.osl.com

First Drone Show by Soiree Rooftop Bar, Lights Up Surabaya’s Skyline

SURABAYA, Indonesia, Feb. 14, 2025 /PRNewswire/ — A night of enchantment and cultural splendor unfolded at Soirée Rooftop Bar as The 1st Drone Show & Lunar Party illuminated the Surabaya skyline in a breathtaking spectacle. Set against the city’s dazzling nightscape, this unprecedented event brought together modern pop culture and timeless traditions to celebrate the Lunar New Year in unparalleled style.

First Drone Show by Soiree Rooftop Bar, Lights Up Surabaya's Skyline
First Drone Show by Soiree Rooftop Bar, Lights Up Surabaya’s Skyline

Guests were captivated as hundreds of synchronized drones painted mesmerizing formations in the sky, crafting intricate designs that paid homage to the rich heritage of the Lunar New Year at the best rooftop Four Points by Sheraton Surabaya, Pakuwon Indah. This innovative aerial performance redefined festive celebrations, seamlessly blending artistry and cutting-edge technology.

Adding to the evening’s grandeur, guests were enthralled as the Chinese Fire Dance and Barongsai (Lion Dance) performance by Saka Talent took the stage simultaneously, creating a breathtaking fusion of movement, energy, and tradition, a traditional symbol of prosperity and good fortune that left the audience in awe.

Soirée Rooftop Bar at Four Points by Sheraton Surabaya, Pakuwon Indah, known for its sophisticated ambiance and panoramic city views, provided the perfect setting for this momentous occasion. With carefully curated cocktails and gourmet delights, the night became an immersive journey through flavors, sights, and sounds that embodied the spirit of the Lunar New Year.

“The 1st Drone Show & Lunar Party was more than just a celebration, it was an artistic fusion of innovation and tradition. We are proud to offer this exceptional experience to our guests staying at Four Points Pakuwon Indah, as well as to visitors seeking a unique and relaxing atmosphere at Soirée Rooftop Bar” said Anna, F&B Manager at Soirée Rooftop Bar.

Mr. Alex, one of the guests shared their excitement, stating, “It’s an unforgettable moment for me and the first time I saw the best performance drone show in Surabaya with the best vibrant atmosphere. I was afraid this moment wouldn’t happen again, but the weather spoke differently, we witnessed the best spectacle ever in Surabaya.”

As Surabaya’s premier rooftop destination for exclusive events, Soirée Rooftop Bar continues to redefine nightlife experiences, bringing fresh and exciting concepts to the city’s social scene.

For more information about upcoming events, visit www.soireerooftopbarsurabaya.com.

About Four Points by Sheraton®

Four Points by Sheraton is a global brand with over 300 hotels in 46 countries and territories. At Four Points, travel is reinvented where timeless classics are woven with modern details, paired with genuine service in a casual environment—all around the world. Four Points hotels can be found in the heart of urban centers, near the beach, by the airport, or in the suburbs. Each hotel offers a familiar place to kick back and relax with an authentic sense of the local, where guests can watch sports and enjoy the brand’s Best Brews® program. Four Points is proud to participate in Marriott Bonvoy®, the global travel program from Marriott International. The program offers members an extraordinary portfolio of global brands, exclusive experiences on Marriott Bonvoy Moments and unparalleled benefits including free nights and Elite status recognition. To enroll for free or for more information about the program, visit marriottbonvoy.com. To learn more about Four Points, visit us online.

About Marriott Bonvoy®

Marriott Bonvoy, Marriott International’s award-winning travel program and marketplace, gives members access to transformative, eye-opening experiences around the corner and across the globe. Marriott Bonvoy’s portfolio of more than 30 extraordinary hotel brands offers renowned hospitality in the most memorable destinations in the world. Members can earn points for stays at hotels and resorts, including all-inclusive resorts and premium home rentals, as well as through everyday purchases with co-branded credit cards. Members can redeem their points for experiences including future stays, Marriott Bonvoy Moments™, or through partners for luxurious products from Marriott Bonvoy Boutiques®. With the Marriott Bonvoy app, members enjoy a level of personalization and contactless experience that allows them to travel with peace of mind. To enroll for free or for more information about Marriott Bonvoy, visit marriottbonvoy.com. To download the Marriott Bonvoy app, go here. Travelers can also connect with Marriott Bonvoy on Facebook, X, Instagram and TikTok.

Full Truck Alliance Co. Ltd. to Announce Fourth Quarter and Fiscal Year 2024 Financial Results on Wednesday, March 5, 2025

Earnings Call Scheduled for 7:00 A.M. U.S. ET on March 5, 2025 

GUIYANG, China, Feb. 14, 2025 /PRNewswire/ — Full Truck Alliance Co. Ltd. (“FTA” or the “Company”) (NYSE: YMM), a leading digital freight platform, today announced that it will release its fourth quarter and fiscal year 2024 unaudited financial results on Wednesday, March 5, 2025, before the open of the U.S. markets.

The Company’s management will hold an earnings conference call at 7:00 A.M. U.S. Eastern Time on March 5, 2025 or 8:00 P.M. Beijing Time to discuss the financial results.

For participants who wish to join the conference using dial-in numbers, please complete online registration using the link provided below prior to the scheduled call start time.

Participant Online Registration:
https://dpregister.com/sreg/10196861/fe7dca9355 

Upon registration, each participant will receive details for the conference call, including dial-in numbers, passcode and a unique access PIN. To join the conference, please dial the provided number, enter the passcode followed by your PIN, and you will join the conference.

A replay of the conference call will be accessible by phone one hour after the conclusion of the live call at the following numbers, until March 12, 2025:

United States:

+1-877-344-7529

International:

+1-412-317-0088

Replay Access Code:

4460802

A live and archived webcast of the conference call will also be available on the Company’s investor relations website at ir.fulltruckalliance.com.

About Full Truck Alliance Co. Ltd.

Full Truck Alliance Co. Ltd. (NYSE: YMM) is a leading digital freight platform connecting shippers with truckers to facilitate shipments across distance ranges, cargo weights and types. The Company provides a range of freight matching services, including freight listing, freight brokerage and online transaction services. The Company also provides a range of value-added services that cater to the various needs of shippers and truckers, such as financial institutions, highway authorities, and gas station operators. With a mission to make logistics smarter, the Company is shaping the future of logistics with technology and aspires to revolutionize logistics, improve efficiency across the value chain and reduce its carbon footprint for our planet. For more information, please visit ir.fulltruckalliance.com.

For investor and media inquiries, please contact:

In China:

Full Truck Alliance Co. Ltd.
Mao Mao
E-mail: IR@amh-group.com

Piacente Financial Communications
Hui Fan
Tel: +86-10-6508-0677
E-mail: FTA@thepiacentegroup.com

In the United States:

Piacente Financial Communications
Brandi Piacente
Tel: +1-212-481-2050
E-mail: FTA@thepiacentegroup.com

Get Ready! JETOUR T1 Will Usher in the Lite Off-Road Era

WUHU, China, Feb. 14, 2025 /PRNewswire/ — The T1 series, a new member of JETOUR brand with a lite off-road shape artfully blending sportiness and toughness, has been awarded the 2024 Red Dot Design Concept Award. By winning this prestigious award, the JETOUR T1 has demonstrated its ability to blend style and functionality effectively.

As an urban light off-road SUV, the T1 exemplifies the “Travel+” strategy in practice. It combines the practicality for city driving with the off-road capabilities allowing for more adventurous journeys, which makes it a versatile option in the SUV segment. Now the T1 is gearing up for its global launch in Saudi Arabia, further expanding JETOUR’s influence.


The Red Dot Award highlights T1 series outstanding rugged aesthetic design. The unique boxy shape combines the ruggedness of traditional off-roaders with modern elements to create a new SUV style. In terms of the interior, JETOUR has shown great attention to detail. By using a large amount of stitching, lines, and cladding, JETOUR has mitigated the harshness of the rugged interior. As a result, the rough charm of off- road vehicles and the refined style are well-balanced. More considerately, the T1 provides six color options, all of which are inspired by nature. This endows the T1 with an inherent outdoor essence.

JETOUR believes that the boundary between urban commuting and off-road adventures is gradually blurring. This trend is also evident in the Middle East, where consumers are looking for vehicles that can seamlessly switch between different driving scenarios. In the future, practical and reliable technology is necessary for a fulfilling off-road experience. People are enthusiastic about bridging this divide and showing personalities with more options.

Looking ahead, the T1 will be launched in Saudi Arabia on February 19th. This launch event will present the T1’s unique design to a wider audience in the Middle East. It is expected to attract the attention of local consumers and strengthen JETOUR’s position in the Middle East.

 

Appier provides strong FY25 guidance and a sustainable, profitable growth trajectory

Agreement to acquire AdCreative.ai set to improve gross margins, enhance product synergies, and expand total addressable market

Highlights and achievements for fiscal year 2024

  • Growth momentum persists in our key focus regions in FY24 led to an all-time revenue high of JPY 34.1 billion, reflecting a 29% YoY growth
  • Operating profit grew 2.5 times YoY to JPY 2.0 billion, with FX-neutral operating income tripling to JPY 2.4 billion
  • Gross profit expanded 30% YoY to JPY 17.8 billion, outpacing revenue growth, supported by improved product mix and AI-powered efficiency
  • Since the IPO, revenue has nearly tripled from JPY 12.7 billion in 2021 to JPY 34.1 billion in 2024, with Q4 as an inflection point for over 30% YoY growth in FY25

Guidance for fiscal year 2025

  • Forecasting a 34% YoY growth in revenue to JPY 45.5 billion with an organic growth rate of 27% YoY, driven by revenue reacceleration
  • Gross profit expected to grow 41% YoY to JPY 25.2 billion (55.3% margin), reflecting a 3 percentage point improvement in gross margin
  • Operating income is expected to grow 2 times YoY to JPY 4.1 billion (8.9% margin), with organic operating income at JPY 4.8 billion (11% margin) and organic EBITDA at JPY 8.4 billion (20% margin)
  • Cash dividend projected at JPY 2.25 per share, an increase from FY24, reflecting improved core free cash flow and strong financial performance
  • Driven by multiple growth drivers, targeting revenue to double to over JPY 70 billion by FY27, with a projected 27-31% CAGR, and operating profit expected to scale to JPY 9-11 billion

Driving sustainable growth with strong profitability and market expansion

TOKYO, Feb. 14, 2025 /PRNewswire/ — Appier Group Inc (TSE: 4180), henceforth referred to as Appier, today announced its financial earnings results for the fiscal year ended 31 December 2024 and guidance for FY25. The company achieved a record revenue of JPY 34.1 billion, a 29% YoY increase fueled by deeper and more diversified penetration among key accounts, global expansion, and AI-powered innovation. Profitability also surged, with operating profit rising 2.5 times YoY to JPY 2 billion and operating income tripled to JPY 2.4 billion on an FX-neutral basis. Gross profit outpaced revenue growth, increasing 30% YoY to JPY 17.8 billion, supported by AI-driven efficiencies.

Appier continued its strong global and vertical expansion, with the US & EMEA growing 45% YoY and Northeast Asia, its largest market, increasing 34% YoY. Digital Content and E-Commerce remained key growth drivers, contributing to a balanced customer mix in which 54% of incremental revenue came from existing clients and 46% from new customers.

Since its IPO, Appier has nearly tripled its revenue, growing from JPY 12.7 billion in 2021 to JPY 34.1 billion in 2024, reinforcing its sustained growth trajectory.

Strengthening AI-powered growth with strategic acquisition

As part of its ongoing commitment to innovation and AI-powered marketing leadership, Appier has entered into an agreement to acquire AdCreative.ai, a Paris-based innovator in Generative AI-driven creative optimization, for USD 38.7 million, including a USD 27.3 million base. This marks Appier’s fifth major acquisition since 2018, further reinforcing its expansion strategy in AdTech and MarTech.

“The acquisition of AdCreative.ai drives Appier’s long-term growth and profitability through margin expansion, GenAI acceleration, a stronger data moat, and TAM expansion,” said Chih-Han Yu, CEO and Co-founder of Appier. “Integrating AdCreative.ai’s GenAI-powered creative automation strengthens Appier’s product innovation and market leadership, while access to its creative database enables continuous AI learning and smarter automation to provide better solutions for our customers. Additionally, combining Appier’s APAC and US Digital Content presence with AdCreative.ai’s EU e-commerce reach expands Appier’s total addressable market and accelerates Generative AI-related business growth.”

Positioned for profitable growth in FY 25

Appier expects a reacceleration of growth in FY25 with an optimistic outlook. The company is forecasting a 34% YoY revenue increase to JPY 45.5 billion, and gross profit is expected to reach a 41% YoY gain to JPY 25.2 billion, driven by sustained margin improvements. Q4 marked an inflection point for strong momentum in revenue growth, profitability expansion, and efficiency gains, setting the stage for accelerated performance in FY25.

Operating income is projected to grow over 2 times to JPY 4.1 billion with JPY 4.8 billion organic growth, with the operating margin rising to 8.9%, reinforcing Appier’s trajectory toward long-term profitability. Organic EBITDA is expected to reach JPY 8.4 billion, supported by disciplined investment and operational efficiencies. A higher year-end forecasted dividend of JPY 2.25 per share reflects strong core cash flow and commitment to shareholders.

Strong 2025-2027 Mid-term outlook with multiple growth drivers

In terms of revenue, Appier is driving growth through deeper and more diversified penetration among key accounts, regional and vertical expansion, and cross-product synergies that boost higher-margin offerings. The company is also well-positioned to capitalize on the accelerating adoption of AI.

On profitability, Appier is enhancing margins by improving S&M and G&A efficiency, optimizing its product mix, and leveraging synergies. Its AI R&D investments are becoming more cost-efficient, while AI-driven automation boosts productivity, strengthening operating leverage for sustained profitability.

Based on this strategy, Appier is positioned to exceed its FY27 revenue target of JPY 70 billion, achieving a 27-31% CAGR from FY24 to FY27. The company aims to reach JPY 9-11 billion in operating profit, fueled by gross margin expansion, AI automation, product differentiation, and deeper enterprise adoption. With leading AI innovation, strategic focus, and disciplined execution, Appier is well-placed for strong, sustainable growth ahead.

About Appier

Appier (TSE: 4180) is a global AI-native SaaS company that uses artificial intelligence to power business decision-making. Founded in 2012 with a vision of democratizing AI, Appier’s mission is turning AI into ROI by making software intelligent. Appier has 17 offices across APAC, Europe and US and is listed on the Tokyo Stock Exchange. Visit www.appier.com for more company information, and visit ir.appier.com/en/ for more IR information.

Duke and Duke-NUS forge new frontiers in climate health research with S$1million funding

  • The two institutions awarded more than S$1 million to accelerate five promising areas of research collaboration
  • Dedicated Research Collaboration Pilot Project grant combines expertise from Singapore and the US for bigger impact
  • First time in the grant’s 15-year history that it focuses exclusively on the effects of climate change on human health

SINGAPORE, Feb. 14, 2025 /PRNewswire/ — Duke University and Duke-NUS Medical School are proud to announce the recipients of their latest Research Collaboration Pilot Project grants, totalling more than S$1 million. These grants underscore the synergy between the institutions and their shared commitment to addressing the urgent challenges posed by global warming and climate change on human health.

For the first time in its 18-year history, this year’s grant initiative is dedicated entirely to climate-related health research, emphasising the partnership’s focus on making meaningful contributions to this critical global issue. Each of the five innovative projects brings together top researchers from Duke and Duke-NUS, reflecting a strategic alignment that leverages unique strengths from both institutions, with the objective of developing international research teams that will advance basic, translational and clinical research.

For each project, the Duke Principal Investigator (PI) will receive US$100,000 and the Duke-NUS PI will receive S$100,000 for a period of two years.

Climate is an area of synergy between the institutions as both Duke and Duke-NUS have made tackling this global threat a priority. Faced with increasing temperatures, urbanisation and environmental pollution, affecting industrialised nations such as Singapore, the USA and low- and middle-income countries, Duke and Duke-NUS are bringing together experts from different specialties to investigate and address the impact of climate change on human health.

Patrick Tan, Senior Vice-Dean for Research at Duke-NUS, said:

“Our decision to focus this year’s grants on climate change stems from our recognition of the escalating health impacts due to increasingly extreme weather conditions. By combining Duke’s robust research capabilities with Duke-NUS’s strategic location and expertise, we are uniquely positioned to lead efforts that anticipate and mitigate health crises arising from climate change.”

This partnership not only aims to produce world-class research but also to develop practical solutions that can be implemented in regions most affected by climate change, including both the US and Singapore, as well as other parts of the world.

“These new Duke and Duke-NUS investigator teams are the first of many steps required to foster global connections and research needed to address the critical public health challenge of climate change and its health impacts,” said Robert M Tighe, MD, an associate professor of medicine and leader of Duke University School of Medicine’s climate research strategy.

“This effort continues the ever-strengthening relationship between Duke and Duke-NUS with a new focus on climate and health research. I look forward to seeing how these projects develop.”

After a competitive review process involving 40 initial proposals, five exceptional projects listed below were selected under the Research Collaboration Pilot Projects funding. This year’s theme is dedicated to tackling health issues arising from climate change, reflecting both institutions’ commitment to innovative and impactful research.

  • Climate change and health: Exploring how heat exposure contributes to urinary stone disease, with implications for preventive healthcare practices.
  • Community resilience: Investigating the perceptions and experiences of health effects related to climate change among vulnerable older adults in Durham, North Carolina, USA, and Singapore to enhance health communication strategies.
  • Environmental impact: Assessing the acute cardiopulmonary outcomes related to wildfire smoke and heat exposure in Southeast Asia, aiming to inform public health responses and policy.
  • Vulnerable populations: Conducting an interdisciplinary analysis of heat stress and kidney health among communities on the climate frontlines in Sri Lanka, using a planetary health approach to better understand and mitigate these impacts.
  • Infectious diseases: Studying how environmental factors and market dynamics influence the regional spread of infections in Madagascar, to improve disease prevention and control strategies.

For detailed descriptions of each project and their expected impacts, please refer to Annex A.

Proposals were rigorously evaluated based on scientific merit and the potential for successful collaboration between Duke and Duke-NUS co-principal investigators (Co-PIs). This process ensures that only the most promising and collaborative projects receive funding.

Since 2009, the Duke-Duke-NUS partnership has funded 64 projects with a total of S$7.29 million, demonstrating a long-standing commitment to fostering innovative research that addresses some of the most urgent health challenges facing the world today. This year’s focus on climate health is a continuation of this mission, pushing the boundaries of what can be achieved through international research collaboration.

About Duke-NUS Medical School

Duke-NUS is Singapore’s flagship graduate-entry medical school, established in 2005 with a strategic, government-led partnership between two world-class institutions: Duke University School of Medicine and the National University of Singapore (NUS). Through an innovative curriculum, students at Duke-NUS are nurtured to become multi-faceted ‘Clinicians Plus’ poised to steer the healthcare and biomedical ecosystem in Singapore and beyond. A leader in ground-breaking research and translational innovation, Duke-NUS has gained international renown through its five Signature Research Programmes and ten Centres. The enduring impact of its discoveries is amplified by its successful Academic Medicine partnership with Singapore Health Services (SingHealth), Singapore’s largest healthcare group. This strategic alliance has led to the creation of 15 Academic Clinical Programmes, which harness multi-disciplinary research and education to transform medicine and improve lives.   

About Duke University

Entering its second century, Duke University is consistently ranked among the top US research universities and is home to leading graduate and professional schools in business, divinity, engineering, the environment, law, medicine, nursing and public policy. Located in Durham, NC, Duke’s global reach extends through the Duke-NUS Medical School in Singapore, Duke Kunshan University in China and various international research and education programmes.

For more information, please visit www.duke-nus.edu.sg 

Annex A

TITLE: Climate change, heat exposure and urinary stone disease

PIs: Charles Scales (Duke PI), Chong Tsung Wen (Duke-NUS PI)

SUMMARY: The research will focus on understanding the relationship of increasing temperatures from climate change, the incidence and health care utilisation for kidney stone disease and assessing disproportionate impact of climate change on vulnerable populations. The investigations will link temperature data with medical records on a geospatial basis over time, to understand relationships between temperature, local infrastructure and health care utilisation for stone disease. The results will provide key data to support the development of interventions to increase heat resilience among individuals at risk for stone disease. In addition, understanding risk factors disproportionately impacting vulnerable populations offers the opportunity to increase climate-related health equity in both Singapore and North Carolina. 

TITLE: Perception and lived experience of health effects of climate change among vulnerable older adults residing in Durham and Singapore – informing health communication interventions

PIs: Hanzhang Xu (Duke PI), Rahul Malhotra (Duke-NUS PI)

SUMMARY: Climate change, manifested through extreme weather events, temperature fluctuations and rising sea levels, poses significant health risks for older adults, aged 60 years and older. Additionally, vulnerable older adults – those with low socio-economic status, those living alone and those with multiple chronic conditions – face increased climate change-related health risks given their limited access to information and resources, existing physiological decline and potential disruptions to their healthcare and social support. Study findings will inform targeted health communication interventions aimed at enhancing climate change resilience among vulnerable older adults, and influence healthcare policies on ageing and climate change in Durham and Singapore.

TITLE: Impact of wildfire smoke and heat on acute cardiopulmonary outcomes in Southeast Asia

PIs: Vijay Krishnamoorthy (Duke PI), Marcus Ong Eng Hock (Duke-NUS PI)

SUMMARY: Climate change is increasing the frequency and severity of extreme heat events and amplifying wildfire intensity. Communities, healthcare professionals, and policymakers urgently need high-quality data to guide decision-making. Vulnerable populations are most affected by climate change, making it crucial to produce evidence on the extent of this impact. High-resolution data on the health benefits of climate action can form the backbone of international climate mitigation policies and applied to climate change models of future warming scenarios.

TITLE: Heat stress, kidney health and lived experience of communities in the climate frontlines in Sri Lanka: an interdisciplinary population health analysis through a planetary health lens

PIs: Nishad Jayasundara (Duke PI), Renzo Guinto (Duke-NUS PI)

SUMMARY: This interdisciplinary mixed-method study aims to unpack the connections between heat stress, kidney health and lived experience of communities affected by these interlocking challenges in the climate frontlines in Sri Lanka. It will be investigated through epidemiological approaches that build on an existing cohort as well as through key informant interviews of farmers and health system and community health needs assessment.

TITLE: Linking environments and markets to understand regional spread of infections along networks in Madagascar

PIs: Charles Nunn (Duke PI), Gavin Smith (Duke-NUS PI)

SUMMARY: Climate change is having both direct and indirect impacts on Madagascar’s rural populations, who are primarily small-holder farmers engaged in subsistence agriculture. One of the primary ways this population is addressing climate-induced food insecurity is by selling livestock, which requires travel from their rural villages to more central markets via the taxi brousse (bush taxi) system. This process entails placing livestock into crowded spaces, either on a taxi brousse (for travel) or in markets (for sale), leading to potential viral mixing and the emerging of panzootic and/or pandemic diseases. The results of this project will allow for competitive external proposals at the intersection of climate change, adaptation, global health security and emerging infectious disease.