28 C
Vientiane
Monday, August 25, 2025
spot_img
Home Blog Page 1346

China Jo-Jo Drugstores Announces Strategic Business Restructuring to Strengthen Wholesale Business for Greater Profitability and Growth

HANGZHOU, China, Feb. 3, 2025 /PRNewswire/ — China Jo-Jo Drugstores, Inc. (Nasdaq: CJJD) (“Jo-Jo Drugstores” or the “Company”), a leading online and offline retailer, wholesale distributor of pharmaceutical and other healthcare products and healthcare provider in China, today announced it has entered into definitive agreements for a strategic restructuring initiative to transition into an asset-light, wholesale-focused company, streamlining operations and enhancing profitability.

The restructuring involved two major transactions (the “Transactions”):

  • Acquisition transaction: The acquisition of Allright (Hangzhou) Internet Technology Co. Ltd. (“Allright”), a fast-growing company engaged in the pharmaceutical wholesale business, through an equity exchange for the issuance of 2,225,000 ordinary shares, which represents 38% of issued and outstanding ordinary shares of the Company after giving effect to the Transactions; and
  • Divestiture transaction: The sale of Jo-Jo Drugstores’ drug retail business to Lei Liu, the current CEO and a director, and Li Qi, a director of the Company, who, together with their affiliates, currently owns approximately 41% of outstanding ordinary shares of the Company, in exchange for a surrender to the Company all shares held by Liu, Qi and their affiliates in the Company totaling 2,548,353 ordinary shares.

The Transactions are expected to close during the first quarter of 2025, subject to customary closing conditions, including approval by the shareholders of Jo-Jo Drugstores. Following the closing of the Transactions, Liu and Qi are expected to resign from the Board and any other position (including the CEO) of the Company, and the ultimate shareholder of Allright, Lingtao Kong, will join the Board. The parties agree that Frank Zhao, the Company’s current CFO, will assume the role of interim CEO to ensure the continued operation of the business and integration of Allright’s business.

Mr. Lei Liu, Chairman and CEO of Jo-Jo Drugstores, commented, “This restructuring marks a pivotal moment for CJJD as we transition from a high-cost retail segment to a wholesale-focused model. While I will be shifting my focus to the retail business, an area where I have deep expertise, I believe this transformation will enhance operational efficiency and create long-term value for CJJD’s shareholders. I look forward to seeing the wholesale business thrive under the new leadership.”

Mr. Lingtao Kong, the ultimate shareholder of Allright and incoming board member, stated, “I am excited to join forces with CJJD as we build a stronger wholesale platform. Allright’s growth trajectory aligns well with CJJD’s strategic vision, and I am confident that our combined expertise will create new opportunities for expansion and success in the pharmaceutical wholesale market.”

Mr. Frank Zhao, the current CFO and incoming interim CEO, added, “I am honored to take on this role as interim CEO during this transformative period. I want to thank Mr. Liu for his leadership and dedication in building CJJD into the strong company it is today. As we transition to a wholesale-driven model, I look forward to working closely with Mr. Kong and our team to execute our strategic vision and ensure a seamless integration of Allright’s business. Our focus will remain on strengthening our wholesale operations, improving efficiency, and positioning CJJD for long-term success.”

About China Jo-Jo Drugstores, Inc.

China Jo-Jo Drugstores, Inc. (“Jo-Jo Drugstores” or the “Company”), is a leading online and offline retailer and wholesale distributor of pharmaceutical and other healthcare products and a provider of healthcare services in China. Jo-Jo Drugstores currently operates an online pharmacy and retail drugstores with licensed doctors on site for consultation, examination and treatment of common ailments at scheduled hours. It is also a wholesale distributor of products similar to those carried in its pharmacies. For more information about the Company, please visit http://jiuzhou360.com. The Company routinely posts important information on its website.

Forward-Looking Statements

This press release contains information about the Company’s view of its future expectations, plans and prospects that constitute forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact contained in press release, including statements regarding the benefits of the proposed Transactions and the anticipated timing of the completion of the proposed Transactions, are forward-looking statements. Some of these forward-looking statements can be identified by the use of forward-looking words, including “may,” “should,” “expect,” “intend,” “will,” “estimate,” “anticipate,” “believe,” “predict,” “plan,” “targets,” “projects,” “could,” “would,” “will,” “continue,” “forecast” or the negatives of these terms or variations of them or similar expressions. All forward-looking statements are based upon estimates, forecasts and assumptions that, while considered reasonable by the Company and its management, are inherently uncertain.  Actual results may differ materially from historical results or those indicated by these forward-looking statements as a result of a variety of factors including, but not limited to, risks and uncertainties associated with the Company’s ability to complete the Transactions in a timely manner or at all, its ability to implement its business plans and strategies, its ability to raise additional funding, its ability to maintain and grow its business, fluctuations in wholesale pricing and demand for pharmaceutical products, variability of operating results, its ability to maintain and enhance its brand, its development and introduction of new products and services, the successful integration of acquired companies, technologies and assets into its portfolio of products and services, marketing and other business development initiatives, its relationships with suppliers and healthcare providers, competition in the industry, general government regulation, economic conditions, dependence on key personnel, the ability to attract, hire and retain personnel who possess the technical skills and experience necessary to meet the requirements of its clients, and its ability to protect its intellectual property. The Company’s encourages you to review other risk factors that may affect its future results in the Company’s annual reports and in its other filings with the Securities and Exchange Commission (the “SEC”).

You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. The Company does not any assurance that the post-combination company will achieve its expected results. The Company does not undertakes any duty to update these forward-looking statements, except as otherwise required by law.

Important Information About the Proposed Transactions and Where to Find It

This press release relates to certain proposed Transactions involving Jo-Jo Drugstores. The Company will file a proxy statement with the SEC in connection with the Transactions. A proxy statement will be sent to all Company shareholders as of the applicable record date established for voting on the Transactions. The Company will also file other documents regarding the Transactions with the SEC.

Before making any voting decision, shareholders are urged to read the proxy statement, any amendments thereto, and all other relevant documents filed or that will be filed with the SEC in connection with the Transactions as they become available because they will contain important information about the Company and the Transactions.

Investors and shareholders will be able to obtain free copies of the proxy statement and all other relevant documents filed or that will be filed with the SEC by the Company through the website maintained by the SEC at www.sec.gov. The documents filed by the Company with the SEC also may be obtained free of charge at the Company’s website at http://jiuzhou360.com/investors/sec_filings.

NEITHER THE SEC NOR ANY STATE SECURITIES REGULATORY AGENCY HAS APPROVED OR DISAPPROVED THE TRANSACTIONS DESCRIBED IN THIS COMMUNICATION, PASSED UPON THE MERITS OR FAIRNESS OF THE TRANSACTION OR RELATED TRANSACTIONS OR PASSED UPON THE ADEQUACY OR ACCURACY OF THE DISCLOSURE IN THIS COMMUNICATION. ANY REPRESENTATION TO THE CONTRARY CONSTITUTES A CRIMINAL OFFENSE.

No Offer or Solicitation

This press release is neither a solicitation of a proxy, an offer to purchase nor a solicitation of an offer to sell any securities and it is not a substitute for any proxy statement or other filings that may be made with the SEC should the proposed Transactions proceed.

For more information, please contact:

Company Contact: 

Frank Zhao
Chief Financial Officer
+86-571-88077108
frank.zhao@jojodrugstores.com

Investor Relations Contact:

Tina Xiao
Ascent Investor Relations LLC
+1-646-932-7242
investors@ascent-ir.com

Emirates Esports Federation Announces Worldwide Tender for Premier EGL Franchises, Unlocking Global Investment Opportunities

DUBAI, UAE, Feb. 3, 2025 /PRNewswire/ — The Emirates Esports Federation (EEF), in collaboration with ITW Universe, has announced the launch of an Invitation to Tender (ITT) for the acquisition and operation of elite franchises in the upcoming E-Gaming League (EGL). This initiative presents a significant opportunity for global investors, esports teams, sports franchise businesses, and high-net-worth individuals to become part of the rapidly growing esports ecosystem, reinforcing the UAE’s position as a hub for digital entertainment and economic advancement.

Emirates Esports Federation Announces Worldwide Tender for Premier EGL Franchises, Unlocking Global Investment Opportunities
Emirates Esports Federation Announces Worldwide Tender for Premier EGL Franchises, Unlocking Global Investment Opportunities

The E-Gaming League is set to redefine esports with a sustainable, inclusive, and competitive platform that spans multiple gaming genres. Designed to engage diverse demographics, the league will serve as a stable framework for fostering global collaboration and long-term investment opportunities.

Highlighting the significance of this initiative, Sheikh Sultan Bin Khalifa Bin Shakbout Al Nahyan, President, Emirates Esports Federation, stated, “The EGL franchise model represents a groundbreaking evolution in the esports industry. It is not just a framework but a transformative platform that ensures stability, fosters global collaboration, and unlocks unparalleled opportunities for long-term investment. Esports has grown beyond virtual entertainment to become a mass sport that transcends borders, cultures, and generations. With EGL, we are not just hosting games—we are shaping the future of the digital economy.”

Echoing this sentiment, Saeed Ali Al-Tahir, General Secretary – Emirates Esports Federation, added, “The launch of the EGL franchise model marks a defining moment in the evolution of esports. It stands as a beacon of innovation, providing stability through equitable revenue-sharing, strategic brand partnerships, and pathways for talent development. Our vision is to position the UAE as the world’s premier hub for competitive gaming and to lead the charge in driving economic growth, cultural exchange, and limitless opportunities for the next generation.”

Vivek Chandra, Director of ITW Universe, emphasized, “We are happy to announce the EGL Franchise Ownership Tender along with Emirates Esports Federation. This initiative is designed to attract forward-thinking partners eager to engage in a dynamic and profitable esports ecosystem. We look forward to creating a League that add values to the Publishers, Players & whole esports ecosystem and our franchise partners would be at the centre of all the initiatives.”

Key Details of the ITT:

  • Bid Submission Deadline: February 24, 2025, 21:00 GMT
  • Last Date for Submission of Queries: February 18, 2025, 23:59 GMT
  • Contact: Submit bids and inquiries to info@egluae.com or egluae@eesf.ae 
  • More Information: Visit www.egluae.com

Investing in an EGL franchise offers significant advantages, including lifetime license ownership, participation in a multi-genre league, a 50% minimum guarantee on licensing fees, and shared revenue benefits from sponsorships, media rights, and merchandise. This opportunity positions franchisees at the forefront of a $5.17 billion esports industry, ensuring sustained growth and a prestigious standing in competitive gaming.

Prospective franchisees are encouraged to review the comprehensive ITT document available on the official EGL website or contact the team directly for more information.

Media Contact:

Nayeem Khan
+971 4 566 8875
nayeem.k@itwconsulting.in
Website: www.egluae.com

 

 

Forever Young! Alan Walker Drops JETOUR Theme Song

WUHU, China, Feb. 3, 2025 /PRNewswire/ — Recently, JETOUR announced its collaboration with renowned electronic music artist Alan Walker. Titled “Forever Young”, the brand theme song was released on January 17, blending JETOUR’s “Travel+” philosophy with Alan Walker’s unique musical style.

The collaboration between Alan Walker and JETOUR seems like a natural fit. From the perspective of global impact, Alan Walker’s globally acclaimed electronic music has amassed billions of streams. His best-known song “Faded” achieved an international influence that spans diverse audiences. This also aligns with JETOUR’s remarkable strides in the global market. Its growth is evident from its extensive global footprint, as it presents in 65 countries with over 2,000 sales and service networks, which showcases its strong international standing.

Furthermore, their commonalities are not limited to their shared international influence. The spirit of exploration and the encouragement of a positive attitude towards life make their temperaments highly compatible. It’s no wonder that their collaboration came about so smoothly.


As a world-renowned EDM artist, Alan Walker pointed out that JETOUR’s “Travel+” philosophy plays the role of the wellspring of inspiration when he composes “Forever Young”. And the scenery he encounters during travels has highlighted the profound impact of travel on his creative process: “Born on the journey, feeling the wind outside the window, I see the rhythm in motions. Every journey is a conversation with myself. Every piece of scenery during the journey has become my musical inspiration. “

Musically, “Forever Young” has the typical Walker beats, which can always create an energetic and engaging atmosphere, intertwining with the evocative lyrics, and enhancing the sense of exploration that JETOUR represents.

JETOUR hopes that “Forever Young” serve as the perfect soundtrack for JETOUR users’ life adventures. Each note, each lyric, and each beat are designed to inspire, to uplift, and to remind users of the joy of the open road. Moreover, JETOUR’s attention to customers doesn’t stop at vehicle provision. Instead, it aims to build a lasting link with travelers. They introduced the “Traveler” community to global users to share experiences and enjoying exclusive benefits.

The partnership between JETOUR and Alan Walker represents another milestone. It helps to ensure that every trip turns into a memorable adventure. As JETOUR continues on this path, it not only enriches the travel experiences of its customers but also cements its position as a leader in the “Travel+” automotive market.

Nona Biosciences Announces Strategic Collaboration with Invetx for Next-Generation Animal Health Biotherapeutics Discovery

CAMBRIDGE, Mass., Feb. 3, 2025 /PRNewswire/ — Nona Biosciences, a global biotechnology company providing integrated solutions from “Idea to IND” (I to ITM), announced today that it has entered into a strategic collaboration with Invetx, Inc. (“Invetx”), a Boston-based animal biotechnology company, to develop next-generation animal health biotherapeutics using Nona’s HCAb Harbour Mice® platform.

Nona Biosciences’ proprietary Harbour Mice® platform generates monoclonal antibodies in both conventional (H2L2) and heavy chain-only (HCAb) formats. The HCAb Harbour Mice® platform is revolutionizing antibody development by producing unique heavy chain-only antibodies that are approximately half the size of conventional IgGs, offering significant advantages for next-generation antibody therapies. The technology is clinically validated, globally patent protected, and worldwide endorsed and recognized.

Jingsong Wang, MD, PhD, Chairman of Nona Biosciences, commented: “This collaboration marks an important milestone as we expand our business into the animal health sector for the first time, demonstrating the flexibility and broad application of our Harbour Mice® technology. By leveraging our innovative platform, we aim to empower Invetx in advancing novel therapeutics that address critical needs in animal health.”

Juergen Horn, DVM, PhD, President of Invetx, added, “We are excited to partner with Nona as we continue our work to create novel, protein-based animal health therapeutics. By leveraging Nona’s HCAbs, we are accelerating the development of our clinical program to demonstrate the safety and efficacy of our differentiated technology platforms.”

About Nona Biosciences

Nona Biosciences is a global biotechnology company committed to cutting edge technology innovation and providing integrated solutions from “Idea to IND” (I to ITM), ranging from target validation and antibody discovery through preclinical research. The integrated antibody and antibody-related discovery services with multiple modalities range from antigen preparation, animal immunization, single B cell screening, to antibody lead generation and engineering, developability assessment and pharmacological evaluation, leveraging advantages of Harbour Mice® platforms and the experienced therapeutic antibody discovery team.

Harbour Mice® generates fully human monoclonal antibodies in classical two light and two heavy chain (H2L2) format, and heavy chain only (HCAb) format. Integrating Harbour Mice® and a single B cell cloning platform, Nona Biosciences is focused on driving global inventions of transformative next-generation drugs. For more information, please visit: www.nonabio.com.

About Invetx, Inc.

Invetx is a pioneer in creating novel, protein-based animal health therapeutics to transform standards of care in veterinary medicine. The company leverages a best-in-class, fully integrated biotechnology platform for the discovery, development, and manufacturing of veterinary monoclonal antibodies, and is developing a diverse product pipeline addressing chronic and severe diseases in companion animals. Invetx was acquired by Dechra Pharmaceuticals Limited, a global specialist veterinary pharmaceuticals business, in July 2024. Invetx is headquartered in Boston, Massachusetts. For more information, see www.invetx.com.

U Power Expands Presence in Thailand through Collaboration with SAIC-Motor CP

Cooperation agreement will see U Power’s battery-swapping technology applied to SAIC Motor-CP’s Thai MG brand of vehicles

SHANGHAI, Feb. 3, 2025 /PRNewswire/ — U Power Limited (Nasdaq: UCAR) (the “Company” or “U Power”), a vehicle sourcing services provider with a vision to becoming a comprehensive EV battery power solution provider in China, today announced that it has signed a cooperation agreement with SAIC Motor-CP Co. Ltd. (“SAIC Motor-CP”), a joint venture company of Chinese automotive industry group CP Group and Thai industry conglomerate CP Group, to integrate U Power’s battery-swapping technology into the company’s MG brand of vehicles for sale in Thailand.

Under the agreement, U Power will adapt its existing battery-swapping technology and infrastructure to support SAIC Motor-CP’s Thai MG brand vehicles, and will work to develop a comprehensive network of swapping stations and operating systems in the Thai market. SAIC Motor-CP will provide technical expertise and warranty support for the vehicles, creating an integrated solution for commercial fleet operators. The initial focus will be on Thailand’s taxi and ride-hailing markets. Both companies plan to expand their battery-swapping solution to additional markets in the future, leveraging their combined expertise and resources to accelerate the transition to sustainable commercial transportation.

The partnership combines U Power’s innovative UOTTA battery-swapping technology with SAIC Motor-CP’s automotive expertise to address critical charging infrastructure challenges in Thailand’s rapidly growing electric vehicle market.

“This partnership represents a significant milestone in accelerating electric vehicle adoption in Thailand’s commercial transportation sector,” said Li Jia, Chairman and CEO of U Power. “With Thailand’s taxi and ride-sharing fleet exceeding 300,000 vehicles, and projections indicating 50% electrification within five years, our battery-swapping technology offers a practical solution to the charging challenges faced by high-utilization vehicles. In addition, this collaboration builds on strong existing relationships between our two companies, notably through Chatchaval Jiaravanon, U Power’s second-largest shareholder and member of the Thai CP Group family, whose deep understanding of both organizations has helped facilitate this strategic alignment. We are eager to work together to drive innovation and build the foundation for Thailand’s EV future.”

“By combining our automotive expertise with U Power’s innovative battery-swapping technology, we are creating a comprehensive solution that meets the unique operational demands of taxi fleet operators,” said Feng Zhao, President of SAIC-Motor CP. “Thailand’s EV3.5 policy is expected to drive 30-40% annual growth in electric vehicle adoption, and our partnership with U Power positions us to capitalize on this growth. The ability to quickly swap batteries rather than wait for charging will be transformative for the taxi and ride-hailing sectors, where vehicle downtime directly impacts business performance. We are confident this collaboration will accelerate Thailand’s transition to sustainable commercial transportation while establishing a model that can be replicated in other markets.”

About U Power Limited
U Power Limited is a vehicle sourcing services provider, with a vision to becoming an EV market player primarily focused on its proprietary battery-swapping technology, or UOTTA technology, which is an intelligent modular battery-swapping technology designed to provide a comprehensive battery power solution for EVs. Since its operation in 2013, the Company has established a vehicle sourcing network in China’s lower-tier cities. The Company has developed two types of battery-swapping stations for compatible EVs and is operating one manufacturing factory in Zibo City, Shandong Province, China. For more information, please visit the Company’s website: http://ir.upincar.com/.

Forward-Looking Statements
This press release contains “forward-looking statements”. Forward-looking statements reflect the Company’s current view about future events. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “could,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “propose,” “potential,” “continue” or 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 U.S. Securities and Exchange Commission.

STLLR Gold Provides its 2025 and Long-Term Plans and Introduces the Hollinger Tailings Project

Toronto, Ontario – Newsfile Corp. – February 3, 2025 – STLLR Gold Inc. (TSX: STLR) (OTCQX: STLRF) (FSE: O9D) (“STLLR” or the “Company“) outlines its 2025 plans and long-term outlook for the Tower Gold Project (“Tower“) in Timmins, Ontario, and the Colomac Gold Project (“Colomac“) in the Northwest Territories (“NWT“), Canada.

The Company is also thrilled to introduce its Hollinger Tailings Project in Timmins, Ontario, highlighting its debut and outlining plans for 2025. Situated within the city of Timmins and conveniently close to existing processing facilities, the project stands out as a strategic opportunity. Recent changes to the Ontario Mining Act1 (“Mining Act“) simplify the permitting process to unlock the economic potential of reprocessing mine tailings while encouraging environmental remediation of legacy sites. With low capital requirements and a favourable gold price environment, the Hollinger Tailings Project presents significant upside potential for STLLR.

Keyvan Salehi, P.Eng., MBA, President, CEO, and Director of STLLR, commented: “We believe 2025 will be a pivotal year for STLLR. With a strong balance sheet supporting our plans, we are focused on advancing key projects. At Tower, we aim to deliver an updated MRE and PEA. InnovExplo2 will oversee the completion of the MRE and G Mining Services will oversee the completion of the PEA. Both reports are progressing in parallel and will be disclosed simultaneously and under one technical report. Additionally, we will continue exploration in the Timmins area and progress environmental baseline studies to secure the necessary permits, as we advance Tower to shovel-ready status.”

“We are enthusiastic about the potential of our Hollinger Tailings Project in Timmins. After months of preparation, we are now set to quantify its value. Recent updates to the Mining Act could position the project as a near-term cash flow opportunity at current gold prices, while furthering our environmental commitment to reclaiming this historical site.”

“Located near existing processing facilities with available capacity, the project presents a promising opportunity for additional mill feed within the Timmins camp. In Q1 2025, we plan to conduct a tailings characterization program. Based on our findings, we will move forward with a mineral resource estimate and, if justified, a preliminary economic assessment. With minimal capital requirements, the Hollinger Tailings Project has the potential to be a game changer for STLLR Gold. Stay tuned for updates as we advance this exciting opportunity!”

“Looking ahead, our long-term vision is to bring our Tower and Colomac projects to shovel-ready status, with Tower as the priority due to its proximity to existing infrastructure. Our goal is reaching a shovel-ready stage for Tower within 36 to 48 months.”

2025 Ontario Activities

  • Updated Tower Mineral Resource Estimate (“MRE”) and Preliminary Economic Assessment (“PEA”) in H1-2025:

STLLR plans to release the Tower MRE and PEA together in H1-2025. The MRE will benefit from over 120 km of infill drilling and improved geological models. Verification of historical drilling at Garrison provides added confidence to the MRE data. The PEA will detail an updated mine plan and economics for Tower, showcasing optimized throughput and production.

  • Exploration, Technical and Permitting Activities:

STLLR plans to drill 5,000-7,000 metres at Tower to enhance mineral resource confidence. The Company will initiate a metallurgical program as well as other studies that will drive Tower towards a pre-feasibility study (“PFS“). Additionally, STLLR will continue environmental baseline studies necessary for permitting.

  • Hollinger Tailings Project:

The Hollinger Tailings Project, located in the southeast area of the city of Timmins, Ontario (see Figure 1), is where tailings from the Hollinger Mine were stored. The Hollinger Mine, which operated from 1910-1968, was at one time the world’s largest gold mine. It produced 19 million ounces of gold at an average grade of 9.9 grams per tonne.3 An estimated 50-60 million tonnes of tailings were placed at the Hollinger Tailings Project. STLLR plans to conduct a 10,000-12,000-metre characterization program of the tailings, establishing a path forward for a potential mineral resource estimate. There is a 1.5% net smelter royalty on the potential gold content of the Hollinger Tailings Project property.

Figure 1: Map of Timmins, Ontario and Location of the Hollinger Tailings Project

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4852/239325_92f19bef0432b96c_001full.jpg

2025 NWT Activities

STLLR plans to install solar panels at Colomac, under a lease agreement with the Tłı̨chǫ Investment Corporation4, evaluate high-priority drilling targets, perform reclamation, and assess permitting activities. These site enhancements will enable more cost-effective, environmentally-conscious drilling and permitting in the future.

Long-Term Strategy

STLLR management is focused on advancing the Tower and Colomac projects to shovel-ready status, recognizing their potential to create value for the Company. Given its proximity to existing infrastructure, Tower will be the near-term priority. The Company estimates the following milestones for Tower:

  • Deliver PFS in 24 months.
  • Complete environmental baseline work and submit Federal Environmental Assessment (“EA“) in 30 months.
  • Deliver Feasibility Study (“FS“) in 36-48 months.

Colomac’s advancement is contingent on securing additional funding, with priority given to Tower’s expenditures. The Company is continuing to evaluate various funding and strategic opportunities for Colomac.

John McBride, MSc., P.Geo., VP Exploration of STLLR, is a “Qualified Person” as defined by National Instrument 43-101, has reviewed and approved of the scientific and technical disclosure contained in this news release.

About STLLR Gold

STLLR Gold Inc. (TSX: STLR) (OTCQX: STLRF) (FSE: O9D) is a Canadian gold development company actively advancing two cornerstone gold projects in Canada: The Tower Gold Project in the Timmins Mining Camp in Ontario and the Colomac Gold Project located north of Yellowknife, Northwest Territories. Each of these two projects has the potential for a long-life and large-scale operation and are surrounded by exploration land with favourable upside potential. STLLR’s experienced management team, with a track record of successfully advancing projects and operating mines, is working towards rapidly advancing these projects.

Contact Us
STLLR Gold Investor Relations
+1 (416) 863-2105 | investors@stllrgold.com | www.STLLRgold.com

Cautionary Statement Regarding Forward-Looking Information

This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to the potential completion and timing of the delivery of the Tower PEA and MRE, the timing of the potential advancement of Tower towards PFS and DFS within 24-48 months, the completion of the environmental baseline work and submission of an EA in 30 months, the infill and expansion of the known mineralization at the Tower Gold Project, the planned drilling metres, the planned characterization program of the Hollinger Tailings Project, the potential and strategic nature of the Hollinger Tailings Project, the potential contents of the Hollinger Tailings Project and the ability to advance it towards a mineral resource estimate and preliminary economic assessment, the capex requirements, the ability to secure permits and toll-milling agreements for the Hollinger Tailings Project, the ability to advance the Hollinger Tailings Project towards potential cash flow at current gold prices, timing of the release of the assay results, the completion of the solar farm installation at Colomac, the funding of activities in 2025 and beyond, the future financial or operating performance of STLLR and STLLR’s mineral properties and project portfolios, the advancement of the Tower Gold and Colomac Gold Projects towards ‘shovel-ready’ status, long-life and large-scale potential of the Tower and Colomac Gold Projects and exploration upside of the land packages. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “accelerate”, “add” or “additional”, “advancing”, “anticipates” or “does not anticipate”, “appears”, “believes”, “can be”, “conceptual”, “confidence”, “continue”, “convert” or “conversion”, “deliver”, “demonstrating”, “estimates”, “encouraging”, “expand” or “expanding” or “expansion”, “expect” or “expectations”, “fast-track”, “forecasts”, “forward”, “goal”, “improves”, “increase”, “intends”, “justification”, “leading”, “plans”, “potential” or “potentially”, “pro-forma”, “promise”, “prospective”, “prioritize”, “reflects”, “re-rating”, “robust”, “scheduled”, “stronger”, “suggesting” or “suggests”, “support”, “updating”, “upside”, “will be” or “will consider”, “work towards”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might”, or “will be taken”, “occur”, or “be achieved”.

Forward-looking information is based on the opinions and estimates of management at the date the information is made, and is based on a number of assumptions and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of STLLR to be materially different from those expressed or implied by such forward-looking information, including risks associated with required regulatory approvals, the exploration, development and mining such as economic factors as they effect exploration, future commodity prices, changes in foreign exchange and interest rates, actual results of current exploration activities, government regulation, political or economic developments, the ongoing wars and their effect on supply chains, environmental risks, COVID-19 and other pandemic risks, permitting timelines, capex, operating or technical difficulties in connection with development activities, employee relations, the speculative nature of gold exploration and development, including the risks of diminishing quantities of grades of reserves, contests over title to properties, and changes in project parameters as plans continue to be refined as well as those risk factors discussed in the Company’s Annual Information Form for the year ended December 31, 2023, available on www.sedarplus.ca. Although STLLR has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. STLLR does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
________________________

1 Ontario’s new “Mining Act for Recovery of Minerals” regulation to be in effect July 1, 2025. For more details: https://news.ontario.ca/en/release/1005407/ontario-supporting-recovery-of-residual-metals-and-minerals
2 InnovExplo is a member of Norda Stelo Inc.
3 Hollinger Historical Production Statistics, Geology Ontario database: https://www.geologyontario.mines.gov.on.ca/persistent-linking?mineral-inventory=MDI42A06NW00007
4 See STLLR May 29, 2024 news release for more details

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

Four Seasons Education Receives Non-Compliance Letter from NYSE Regarding Holders Requirements

SHANGHAI, Feb. 3, 2025 /PRNewswire/ — Four Seasons Education (Cayman) Inc. (“Four Seasons Education” or the “Company”) (NYSE: FEDU), a tourism and education-related service provider in China, today announced that it has received a letter from the New York Stock Exchange (the “NYSE”) dated January 30, 2025 (the “Notice”), notifying the Company that it is no longer in compliance with the minimum stockholder requirement for continued listing on NYSE pursuant to Section 802.01 “Continued Listing Criteria” of the NYSE Listed Company Manual, which requires the Company to maintain a number of total stockholders of not less than 1,200.

In accordance with NYSE listing requirements, the Company has 45 calendar days from the receipt of the Notice to respond with a business plan that demonstrates compliance with this continued listing standard within 18 months of receipt of the Notice. The Company is currently evaluating its available options and developing a plan to regain compliance with Section 802.01.

The Notice has no immediate impact on the listing of the Company’s ADSs, which will continue to be listed and traded on the NYSE, subject to compliance with other continued listing requirements of the NYSE. The Company is currently in compliance with all other NYSE continued listing standards. The NYSE notification does not affect the Company’s business operations or its SEC reporting requirements.

About Four Seasons Education (Cayman) Inc.

Four Seasons Education (Cayman) Inc. is a service provider of both tourism and education-related services in China. The Company’s program, service and product offerings mainly consist of non-academic tutoring programs, school-based tutoring product solutions and training programs for teachers, study camps and learning trips for students, and travel agency services for all age groups.

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

Safe Harbor Statement

This press release contains statements of a forward-looking nature. These statements, including the statements relating to the Company’s future financial and operating results, are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by terminology such as “will,” “expects,” “believes,” “anticipates,” “intends,” “estimates” and similar statements. Among other things, management’s quotations and the Business Outlook section contain forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the Company and the industry. Potential risks and uncertainties include, but are not limited to, those relating to its ability to attract new students and retain existing students, its ability to deliver a satisfactory learning experience and improving their academic performance, PRC regulations and policies relating to the education industry in China, general economic conditions in China, and the Company’s ability to meet the standards necessary to maintain listing of its ADSs on the NYSE or other stock exchange, including its ability to cure any non-compliance with the NYSE’s continued listing criteria. All information provided in this press release is as of the date hereof, and the Company undertakes no obligation to update 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 its expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results. Further information regarding risks and uncertainties faced by the Company is included in the Company’s filings with the U.S. Securities and Exchange Commission, including its annual reports on Form 20-F.

For investor and media inquiries, please contact:

In China:
Four Seasons Education (Cayman) Inc.
Olivia Li
Tel: +86 (21) 6317-6177
E-mail: IR@fsesa.com

The Piacente Group, Inc.
Jenny Cai
Tel: +86-10-6508-0677
E-mail: fourseasons@tpg-ir.com

In the United States:
The Piacente Group, Inc.
Brandi Piacente
Tel: +1-212-481-2050
E-mail: fourseasons@tpg-ir.com

G-P Delivers New AI Advancements and Expands AI Innovation Across Employer of Record (EOR) and Global Employment Products

G-P’s new Generative AI (GenAI) and Agentic AI-powered technology will transform how HR and business leaders approach global employment

BOSTON, Feb. 3, 2025 /PRNewswire/ — REMOTE FIRST COMPANY – G-P (Globalization Partners), recognized as the undisputed leader in global employment by industry analysts, today announced new AI advancements and integrated AI technology across G-P’s global employment products. With its latest AI innovations, G-P is setting a new standard for global employment that enables businesses worldwide to hire, onboard and manage global teams faster and more intelligently than ever before.

G-P’s global employment products – G-P Employer of Record, G-P Contractor and G-P Gia™ – are designed to help customers quickly and compliantly navigate the complexities of global employment in 180+ countries. Built on more than a decade of global employment, HR and legal expertise, the company’s technology and innovations are powered by a proprietary knowledge base with insights extracted from millions of real-world scenarios.

“At G-P, we’re leading global employment with the most advanced technology and AI innovation that delivers real business value to customers,” said Nat Natarajan, chief product and strategy officer, G-P. “The combination of our over 10 years of transactional compliance data and human expertise, along with our AI technology, ensures customers can trust our cutting-edge solutions to meet the demands of today’s dynamic global business landscape.”

With AI embedded across its global employment products, G-P equips organizations with the most dynamic AI tools to navigate global employment across the full employment lifecycle. All of G-P’s technology is powered by G-P’s Global Compliance Engine. As the backbone of G-P’s global employment products, it delivers smart compliance by country and business context capable of processing complex compliance queries on demand to power global growth.

G-P also provides contextual support throughout G-P EOR and G-P Contractor with G-P Assist, an advanced, contextually aware AI that provides expert and nuanced guidance and support throughout the user journey. G-P Assist draws on G-P’s proprietary expertise to generate

relevant insights and guidance. Whether it’s navigating workflows, onboarding professionals or accessing on-demand assistance, G-P Assist offers a seamless, user-friendly experience, integrated directly into the platform, accelerating and simplifying the global employment experience.

The latest AI advancements across EOR and Contractor bring automation and intelligence to streamline work and empower HR teams to be more strategic, including:

  • G-P Assist Customer Help Center: The Customer Help Center powered by G-P Assist provides 24/7 guidance with a responsive AI chat experience and AI-powered search, enabling customers to ask questions and receive immediate answers about labor laws, benefits, compliance and best practices across the globe in real-time for faster, more efficient support.
  • Contractor Classification: Employees are often erroneously misclassified as contractors because global employment laws are complex. This common mistake can create unnecessary risk for companies doing business globally. Contractor Classification uses AI to assess contracts and can accurately detect when a proposed contractor would actually be operating as an employee, allowing the user to take corrective actions before exposing their company to misclassification risks.
  • Coming Soon – Agentic AI Reporting & Analytics: G-P Assist’s agentic AI reporting feature empowers customers to quickly generate accurate, customized reports with simple, natural language requests—saving time, reducing errors and enabling faster, data-driven decision-making for our customers.

With a long-standing investment in AI, G-P’s unique, patent-pending approach integrates Large Language Models (LLMs) with Knowledge Graphs and a proprietary Knowledge Management system, diving deep into data and providing nuanced and relevant insights that go beyond surface-level information. G-P has introduced multiple groundbreaking AI innovations over the last year, including AI-powered global onboarding and the world’s first AI-based global HR compliance advisor, G-P Gia.

G-P Gia helps companies efficiently and compliantly navigate global employment complexities, cutting compliance costs and time by up to 95%. Harnessing the expertise of G-P’s hundreds of HR, finance and legal professionals, Gia delivers real-time, context-specific information, advice and solutions across the employee lifecycle. Gia benefits companies at any stage of their hiring and global employment journey, regardless of their G-P customer status.

G-P is consistently recognized for its excellence in technology and innovation by leading analyst firms, including winning Best Global Solution in Lighthouse Research & Advisory 2024 HR Tech Awards and for the best advance in unique HR or workforce management technology and best generative AI human resource technology in the Brandon Hall Group Technology Excellence Awards™.

Discover how G-P is shaping the future of work with its industry-leading AI innovation here: www.G-P.com.

About G-P
G-P is the recognized leader in global employment, delivering everything companies of all sizes need to manage the full employee lifecycle. G-P offers a robust suite of products, including the world’s first AI-based global HR compliance advisor, G-P Gia, and AI-enabled Employer of Record (EOR) and Contractor products. G-P supports teams in 180+ countries with more than a decade of global employment experience, the largest team of in-country HR, legal, and compliance experts, and its unmatched proprietary knowledge base.

G-P: Global Made Possible™
To learn more, please visit: g-p.com or connect with us via LinkedIn, X, Facebook or check out our Blog.