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Hyundai Mobis Secured Over 9 Billion USD in Orders from Global Automakers Last Year

– Secured 9.17 billion USD in orders, exceeding the core components target (7.45 billion USD) by 23% despite EV chasm
– Diverse advanced portfolio, including Battery Systems Assembly (BSA) and next-gen electronic components, drove results
– Customer base expanded from major automakers in North America and Europe to emerging markets such as China and India
– Overseas orders accelerating on the back of leading technologies, with a target of 11.84 billion USD in core components (8.97 billion USD) and modules this year

SEOUL, South Korea, Feb. 2, 2026 /PRNewswire/ — Hyundai Mobis announced that it secured 9.17 billion USD in orders from global automakers last year, excluding Hyundai Motor and Kia. This figure exceeds its original target of 7.45 billion USD by 23%.

These results were driven by a combination of large-scale new orders for electrification components, expanded supply of high value-added electronic components, and proactive market penetration in emerging economies such as China and India, the company said on 2.

The achievement is particularly noteworthy given that many global automakers have been revising their new vehicle launch plans amid the ongoing EV chasm. The results reflect Hyundai Mobis’s sustained investment in R&D over recent years to strengthen its leadership in advanced technologies, which is now translating into tangible overseas orders from global customers.

For this year, Hyundai Mobis has set an aggressive global order target of approximately 11.84 billion USD, representing an increase of about 30% from last year. The target reflects continued core-components orders at a similar level to last year, alongside consideration of large-scale module orders, supported by region-specific sales strategies and close collaboration with key customers.

  • Large Electrification Components and Module Orders from North America and Europe Drive Strong Performance

Last year, Hyundai Mobis secured orders from two major global customers in North America and Europe to supply key electrification components such as Battery Systems Assembly (BSA) and chassis modules. In line with contractual practices, confidentiality requirements, and potential changes prior to mass production, the company did not disclose customer names or detailed contract values. However, these orders are understood to account for a significant portion of last year’s total order volume.

Hyundai Mobis expects long-term partnership benefits from its electrification and module orders. Large-scale components such as BSAs and chassis modules require joint investments in production facilities and logistics systems, often resulting in supply contracts lasting 10 to 20 years or more. In fact, Hyundai Mobis has maintained a close partnership with Chrysler (now Stellantis) for over 20 years since it began supplying chassis modules to the company in 2005.

  • Broad Electronic Components Portfolio Converts into Orders

Hyundai Mobis also delivered solid order results in electronic components, a high value-added business segment. It secured orders for advanced Human-Machine Interface (HMI) products from another major North American customer and agreed to expand the supply of sound systems to a sedan-focused brand.
*HMI: display systems that provide various driving information through communication between humans and machines (vehicles).

The next-generation HMI secured through this order is a flagship electronic component that Hyundai Mobis is cultivating as a global market leader, distinguished by its advanced technologies that set it apart from competitors. The company is currently engaged in active discussions with other global customers to further expand orders.

Sound systems are another product category where Hyundai Mobis has been increasing its presence among premium brands. While overseas automakers have traditionally favored domestically developed sound systems, Hyundai Mobis successfully overcame this preference through technological competitiveness.

Meanwhile, Hyundai Mobis has diversified its customer base for core components such as braking, steering, and safety systems in emerging markets including China and India. In India, the company’s tailored component supply strategy for local brands proved effective as their market share continued to rise. In China as well, Hyundai Mobis secured new orders from local EV brands by leveraging its differentiated sourcing competitiveness.

Jae-mok Cho, Head of Global Sales at Hyundai Mobis, said, “While uncertainty in the external business environment is expected to persist this year, we plan to step up our order-acquisition efforts and surpass last year’s performance by leveraging our core competitiveness in electrification and electronic components.”

About Hyundai Mobis
Hyundai Mobis is the global no. 6 automotive supplier, headquartered in Seoul, Korea. Hyundai Mobis has outstanding expertise in sensors, sensor fusion in ECUs and software development for safety control. The company’s products also include various components for electrification, brakes, chassis and suspension, steering, airbags, lighting, and automotive electronics. Hyundai Mobis operates its R&D headquarters in Korea, with four technology centers in the United States, Germany, China, and India. For more information, please visit the website at http://www.mobis.com.

Media Contact 
Choon Kee Hwang: ckhwang@mobis.com
Jihyun Han: jihyun.han@mobis.com

Jinxin Technology Holding Company Announces Receipt of Nasdaq Notice

SHANGHAI, Feb. 2, 2026 /PRNewswire/ — Jinxin Technology Holding Company (“Jinxin” or the “Company”) (NASDAQ: NAMI), an innovative digital content service provider in China, today announced that it has received a written notification (the “Deficiency Letter”) from the staff of the Listing Qualifications Department of the Nasdaq Stock Market LLC (“Nasdaq”) dated January 29, 2026, indicating that for the last 30 consecutive business days, the closing bid price of the Company’s American depositary shares (the “ADSs”) was below the minimum bid price of US$1.00 per share requirement set forth in Nasdaq Listing Rule 5550(a)(2). The Deficiency Letter has no current effect on the listing or trading of the Company’s ADSs on Nasdaq. 

Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company is provided with a compliance period of 180 calendar days, or until July 28, 2026 (the “Compliance Period”), to regain compliance with Nasdaq’s minimum bid price requirement. If at any time during the Compliance Period, the closing bid price of the Company’s ADSs is at least US$1.00 for a minimum of ten consecutive business days, Nasdaq will provide the Company a written confirmation of compliance and the matter will be closed.

In the event the Company does not regain compliance by July 28, 2026, subject to the determination by the staff of Nasdaq, the Company may be eligible for additional time.

The Deficiency Letter will have no effect on the Company’s business operations, and the Company will take all reasonable measures to regain compliance.

About Jinxin Technology Holding Company

Headquartered in Shanghai, China, Jinxin Technology Holding Company is an innovative provider of digital content and interactive communication services. Through its flagship platform Namibox, the Company delivers intelligent, engaging, and curriculum-aligned products powered by advanced AI, AR, and digital human technologies.

Jinxin Technology works closely with China’s leading textbook publishers and educational platforms, providing AI-generated digital content for primary and middle school students. Its distribution channels include:

  • Namibox, the Company’s flagship learning app
  • Telecom and broadcast operators
  • Third-party educational devices

For more information, please visit the Company’s website at https://ir.namibox.com. 

Safe Harbor Statements

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident,” “potential,” “continue,” or other similar expressions. Jinxin may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about Jinxin’s beliefs, plans and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the Securities and Exchange Commission. All information provided in this announcement is as of the date of this announcement, and the Company undertakes no obligation to update such information, except as required under applicable law.

For Investor and Media Inquiries, Please Contact:

Jinxin Technology Holding Company
Investor Relations Department
Email: ir@namibox.com

 

RoboUP Officially Launches Raccoon 2 SE: The Best Mower for Small Lawns

Pre-orders from Feb 1 to Mar 17 include priority shipping and a €148 accessory gift pack.

SHENZHEN, China, Feb. 2, 2026 /PRNewswire/ — RoboUP has officially launched the Raccoon 2 SE on its online EU & US stores, positioning it as the ultimate robotic lawn mower for homeowners seeking professional results on a budget. Purpose-built as a small garden robotic mower, this compact model delivers automated lawn care for private yards under 600㎡ with a strong emphasis on affordability, simplicity, and practical performance.

RoboUP Officially Launches Raccoon 2 SE: The Best Mower for Small Lawns
RoboUP Officially Launches Raccoon 2 SE: The Best Mower for Small Lawns

Redefining the Robot Mower Price Point

Unlike oversized or premium-priced machines designed for sprawling estates, the Raccoon 2 SE targets the real needs of small-lawn owners. It’s made for townhouses, compact yards, and villa gardens, where space efficiency matters most. By keeping the robot mower price under €500, RoboUP is making high-tech landscaping accessible to everyone.

The Raccoon 2 SE is built on three core principles:

  • Proven for Small Gardens: It easily navigates narrow paths and tight spaces, handles uneven terrain, slopes up to 36%, and steps up to 4cm, making it the best mower for 0.15-acre lawns with complex layouts.
  • Affordable, Flagship Features: This cheap robot lawn mower doesn’t compromise on technology. It includes instant parallel mowing, dual-detection obstacle avoidance, and support for up to three mowing zones. A 70-minute fast charge provides up to 150 minutes of mowing.
  • Mow Straight Out of the Box: True to the “convenience” promise, a one-press start enables automatic mapping. It is a robot mower designed for immediate use without complicated setup.

Validated by the Community

The Raccoon 2 SE first debuted on Kickstarter in late 2025, earning support from more than 600 backers. The product has been validated through extensive early testing by 20+ professional media outlets and 80+ beta testers. Their feedback helped refine the navigation and day-to-day usability of this robotic lawn mower.

“Many small lawn owners feel robotic mowing is either too expensive or too complicated,” said Louis, CEO of RoboUP. “Raccoon 2 SE was created to change that. It’s a practical, affordable, and easy way to switch to automated lawn care.”

Pre-Order Incentives

The pre-order program runs from February 1st through March 17th. Customers who order early receive priority shipping, plus a free accessory gift pack including 24 replacement blades and a mower garage, valued at €148.

The product is available exclusively through the RoboUP official EU & US stores.

EASY GOLD Partners with M moneyX to Enable Digital Wallet Gold Purchases

EASY GOLD partners with M moneyX, allowing digital gold purchases, expanding payment options, and promoting accessible, convenient investment for Lao users.

EASY GOLD has partnered with M moneyX, allowing customers to purchase gold using the M moneyX digital wallet through the EASY GOLD application, aims to expand payment options and make gold buying more convenient for users across Laos.

This partnership marks another step in EASY GOLD’s efforts to bring gold investment into the digital age. By working with M moneyX, a subsidiary of Lao Telecom, the country’s largest mobile network, EASY GOLD is adding more payment choices to meet the growing demand for digital financial services.

Chanthavong Phamisith, Chief Executive Officer of EASY GOLD Co., Ltd., and Alounnadeth Barnchit, Managing Director of Lao Mobile Money Sole Co., Ltd., led the ceremony and shared their plans for making financial services more accessible through digital innovation. 

Both leaders highlighted how technology can help bring these services to more people across the country.

During his remarks, Chanthavong explained that EASY GOLD’s main goal is making gold savings accessible to all Lao people for long-term financial planning. He noted that people can start investing from just LAK 100,000 (about USD 4.6), and the M moneyX partnership strengthens their commitment to digital solutions in the gold industry.

The new feature allows customers to buy gold easily through M moneyX. 

Users open the EASY GOLD app, select their gold purchase and amount, choose e-wallet payment, and select M moneyX to complete the transaction. The option makes payments faster and more flexible while maintaining security.

Chanthavong added that the partnership goes beyond adding a payment method. He described it as focused on improving service quality and expanding payment options in the app, with expectations for future growth.

To celebrate the launch, both companies are running the “EASY GOLD x M moneyX” promotion. Customers purchasing gold worth LAK 1,500,000 (approximately USD 70) or more and paying via M moneyX receive LAK 100,000 (around USD 4.6)  cashback in mobile credit. The offer is limited to the first 300 customers from 3 to 18 February.

The partnership aims to strengthen digital financial services in Laos and expand gold investment accessibility. Using M moneyX’s network reach, EASY GOLD plans to make gold investment more practical for everyday savings across the country.

Global Times: Why is legislation needed for reading in China?

BEIJING, Feb. 2, 2026 /PRNewswire/ — A reader of people.com.cn recently asked: February 1 marked the official implementation of the Regulations on Promoting National Reading. Reading books and newspapers is largely a matter of personal interest, so why does the country need to enact a dedicated law on the issue?

In fact, legislating for reading is not about mandating what people must read or how much they must read. Its core lies in “promotion” and “protection.”

The prosperity of culture, the strength of the nation and the rejuvenation of the Chinese nation all hinge on the cultural accumulation and spiritual strength fostered by reading. At present, as we advance the cause of building a great modern socialist country in all respects and achieving national rejuvenation, we need to give full play to the fundamental role of reading more than ever.

Against this backdrop, the regulations have emerged as the times require. Their formulation was by no means an overnight achievement. As early as 2013, a member of the National Committee of the Chinese People’s Political Consultative Conference proposed legislating for national reading at the national level. 

Over the years, “national reading” has been written into the Government Work Report for 12 consecutive years, and the “development of a scholarly society” has been included in the draft recommendations for the 15th Five-Year Plan (2026-30), a testament to the great attention the Communist Party of China and the government have paid to this cause.

After years of exploration and practice, this long-cherished expectation has finally been realized, erecting a legal safeguard for the sustained and in-depth promotion of national reading.

China is not the first country to legislate for reading. Around the world, some countries elevated national reading to the level of public policy through national legislation or strategic planning in the late 20th century or early 21st century. China’s legislative process, however, has taken deep root in its own cultural soil while drawing on international experience.

The Chinese nation has always held reading in high esteem, and ancient maxims such as “Cultivate virtue through farming and reading” and “Pass down the legacy of poetry and books across generations” have been handed down to this day. 

This unique cultural gene is also reflected in every line of this legislation. For example, the regulations place special emphasis on the role of “teaching by words and deeds,” translating the fine traditional Chinese culture that has endured for thousands of years into institutional care.

In addition, the National Reading Congress has been held for four consecutive sessions, and reading seasons, book clubs and other activities are held regularly across the country. East China’s Jiangsu Province, Zhejiang Province and other provinces have also long attempted to formulate local regulations on reading, accumulating valuable experience.

The regulations consolidate the consensus formed by the whole society, together with effective practical experience, into more universal and enduring rules, which can guide the resolution of some existing problems in reading.

There are several such phenomena: the reading rate of rural residents is relatively low and their reading scope is narrow; the number of braille books accessible to visually impaired people is still limited, and the elderly find it strenuous to read printed books; digital reading platforms host an ocean of content, yet screening in-depth and valuable reading materials is sometimes like looking for a needle in a haystack.

These practical problems can hardly be solved by personal enthusiasm and perseverance alone. Legislation is precisely about providing institutional support for the reading ecosystem of society as a whole.

It clarifies the statutory responsibilities of governments at all levels in promoting national reading, endowing reading with a tangible legal basis in terms of organizational leadership, funding support, and the construction of reading facilities;

It aligns with the trend of technological development, supporting the integration of digital reading and traditional reading, and promoting the supply of high-quality digital reading content;

It pays special attention to the reading protection of minors, people with disabilities, the elderly and other groups, stipulating measures such as providing suitable reading materials, offering reading courses, supporting the construction of barrier-free facilities for national reading, and optimizing elderly-friendly service standards…

All these provisions ultimately aim to encourage everyone to read more and read better, ensuring that anyone who wants to read can fairly enjoy the joy of resonating with wisdom.

Some may ask: Is it worthwhile to invest such great efforts in promoting reading?

The answer is a resounding yes. For the development of a country, the depth of thinking, innovation capacity and cultural accomplishment of its people are crucial. These seemingly “soft” qualities are key factors that determine how far it can go in the future. In the final analysis, legislating for reading is more like a strategic investment in building up the nation’s intellectual capital for the future.

It is foreseeable that with the solid implementation of the regulations, comprehensive reading facilities will spread across urban and rural areas, and a diverse range of reading activities will run through daily life. 

When a love of reading, the habit of reading good books and the ability to read well truly weave into the fabric of society and become the shared consciousness and norm of generations, a “scholarly society” will surely become an important cultural hallmark of China in the new era.

3Shape TRIOS 6 intraoral scanner wins the European Product Design Award (EPDA) 2025

COPENHAGEN, Denmark, Feb. 2, 2026 /PRNewswire/ — 3Shape today announced that the TRIOS 6 intraoral scanner has been honored with the European Product Design Award (EPDA) 2025 in the category Industrial/Healthcare: Medical Products.

The EPDA Award Statement:
“TRIOS 6 combines cutting-edge functionality with meticulous Danish design. Its sleek, pen-grip form reflects the precision of its advanced technology while ensuring effortless ergonomics. The new blue metallic finish introduces a fresh and modern aesthetic, and a level of design rarely seen in dental equipment. Complementing this is its aluminum POD, a beautifully crafted holder to securely store the scanner.”

“We are pleased to see the TRIOS 6 intraoral scanner recognized with the European Product Design Award,” said Jacob Vishof Paulsen, CEO, 3Shape. “It confirms the hard work and innovation behind our products, as well as our focus on combining engineering expertise and design to deliver superior dental care for patients. TRIOS 6 is a revolutionary solution that not only redefines the advantages of intraoral scanning but is an esthetically striking addition to dental practices.”

About the TRIOS 6 Intraoral Scanner

Launched in March 2025, TRIOS 6 introduces hyperspectral technology-an innovation that captures data from white, fluorescent, and near-infrared light sources simultaneously. Compared to previous 3Shape scanners, TRIOS 6 delivers up to 110% higher scan resolution, offering 3Shape’s best-ever scan quality.

Enabling diagnostic aid with Dx Plus* software

3Shape’s AI assistive Dx Plus software uses TRIOS 6 intraoral scan data to help dentists objectively detect key oral health conditions. Findings are presented as 3D visualizations that can be shared chairside and sent to 3Shape’s DentalHealth mobile app for patients, to help them better understand their oral health and treatment options.

*Check with your 3Shape representative for the availability of Dx Plus.

The EPDA award adds to a long list of honors for the 3Shape TRIOS family. Over the past decade, 3Shape’s TRIOS intraoral scanners have earned global acclaim, including four Red Dot design awards and the Cellerant ‘Best of Class’ Technology Award for 12 consecutive years.

About the European Product Design Award (EPDA)

The EPDA celebrates innovation, usability, sustainability, and market potential across categories such as technology, consumer goods, furniture, transportation, and medical/scientific design. Notable brands previously recognized include Philips, Mazda, BMW (via Nuna × BMW collaboration), BYD, Natuzzi S.p.A., Elica S.p.A., and BLOND.

Contact:
Lina Danstrup

Director and Head of Corporate Communications
lina.danstrup@3shape.com

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

https://news.cision.com/3shape/r/3shape-trios-6-intraoral-scanner-wins-the-european-product-design-award–epda–2025,c4301194

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SECOM Singapore Receives Frost & Sullivan’s 2025 Singapore Customer Value Leadership Recognition in the Integrated Security Services Industry

The company is recognized for delivering customer value through integrated, technology-enabled security solutions and a people-first approach that drives trust, reliability, and long-term performance.

SAN ANTONIO, Feb. 2, 2026 /PRNewswire/ — Frost & Sullivan is pleased to announce that SECOM Singapore has received the 2025 Singapore Customer Value Leadership Recognition in the integrated security services industry for its outstanding achievements in delivering customer-centric, technology-driven security solutions. This recognition underscores SECOM Singapore’s commitment to reliability, innovation, and proactive service delivery that enhance customer experience and business continuity across Singapore’s evolving security landscape.

Frost & Sullivan evaluates companies through a rigorous benchmarking process across two core dimensions: strategy effectiveness and strategy execution. SECOM Singapore excelled in both, demonstrating its ability to align strategic priorities with market shifts and execute with discipline, consistency, and measurable customer outcomes. “SECOM Singapore exemplifies what it means to lead with reliability and purpose in a rapidly changing market. Its end-to-end integration model, spanning systems implementation, managed services, and real-time monitoring, creates tangible operational value for clients. By maintaining transparency, accountability, and strong internal governance, SECOM Singapore ensures that technology enhances, rather than replaces, trust,” said Richard Wong, Associate Partner at Frost & Sullivan.

Guided by a long-term strategy focused on customer partnerships, operational excellence, and sustainable growth, SECOM Singapore continues to reinforce its position in Singapore’s regulated and competitive security market. The company’s deliberate focus on deepening customer relationships rather than expanding horizontally has strengthened its resilience through a base of approximately 2,000 clients. This customer-first approach prioritizes measurable results such as workflow optimization and cost reduction, particularly by replacing up to 85% of manual guard duties with automated surveillance and access control systems.

Innovation remains central to SECOM Singapore’s approach. The company integrates proven technologies, including AI-assisted video analytics, cloud-based access control, and centralized monitoring platforms, after rigorous internal testing to validate reliability in live environments. This disciplined innovation philosophy ensures clients receive solutions that enhance situational awareness, reduce manpower dependency, and maintain high levels of performance and uptime. “At SECOM, our commitment to exceptional customer service is at the heart of our company culture. This recognition enforces our resolves in building trust and ensuring the safety of our customers and protect their assets by providing responsive, strong support and tailored security solutions.” said Candy Tan, Chief Operating Officer at SECOM Singapore Pte Ltd.

SECOM Singapore’s value proposition extends beyond technical deployment to comprehensive managed services that ease clients’ operational and administrative burden. Its subscription-based Access Control Management Service (AMS) offers a fully supported, no-capital-outlay model that includes card administration, system maintenance, troubleshooting, and 24/7 technical assistance. Similarly, its integrated alarm monitoring solution combines real-time sensing, surveillance, and on-ground response to deliver uninterrupted protection and predictable service costs. This end-to-end control, from detection to incident resolution, reinforces the company’s reputation for reliability and responsiveness.

The company’s strong operational record is further illustrated by its successful performance in high-stakes environments. In a recent competitive tender, SECOM Singapore was selected to manage five critical sites, previously split among multiple vendors, following a decade-long record of transparent communication and dependable service delivery. Such outcomes highlight the company’s focus on proactive execution and customer accountability, where teams consistently go beyond technical obligations to ensure client safety and operational assurance.

Frost & Sullivan commends SECOM Singapore for setting a high standard in customer value creation and service excellence. The company’s ability to combine technological innovation with human oversight and to modernize without compromising reliability positions it as a trusted partner for organizations navigating Singapore’s increasingly complex security environment.

Each year, Frost & Sullivan presents the Customer Value Leadership Recognition to a company that demonstrates superior strategy execution, measurable customer outcomes, and a sustained focus on long-term value creation. The recognition highlights forward-thinking organizations that redefine customer partnerships through innovation, consistency, and responsible growth.

Frost & Sullivan Best Practices Recognition
Frost & Sullivan’s Best Practices Recognitions honor companies across regional and global markets that exhibit exceptional achievement and consistent excellence in areas such as leadership, technological innovation, customer experience, and strategic product development. Each recognition is the result of a rigorous analytical process in which Frost & Sullivan industry experts benchmark performance through comprehensive interviews, deep-dive analysis, and extensive secondary research. The goal is to identify true best-in-class organizations that are driving transformative growth and setting new industry standards.
Contact us: Start the discussion.

Contact:
Tarini Singh
E: Tarini.Singh@frost.com 

About Secom Singapore
SECOM Singapore offers a wide range of loss prevention and on-premises response services that deliver comprehensive security to ensure safety of the staff, protect the assets and interest of our customers.  Over the past 30 years, SECOM has grown from strength to strength, developing and acquiring new capabilities in video alarm monitoring services, fortifying our strengths in CCTV surveillance system, security alarm monitoring as well as access control systems, all in support of our commitment to provide the best enterprise security solutions to organizations and companies in Singapore.

SanegeneBio Announces RNAi Global Licensing Collaboration with Genentech

– SanegeneBio grants exclusive worldwide license to one of its RNAi programs to Genentech

– SanegeneBio to receive $200 million upfront payment and will be eligible to receive development and commercialization milestone payments, totaling up to $1.5 billion, plus tiered royalties

– Genentech will be responsible for the subsequent clinical development and commercialization globally

BOSTON, SHANGHAI and SUZHOU, China, Feb. 2, 2026 /PRNewswire/ — SanegeneBio, a clinical-stage biotechnology company developing innovative RNAi therapeutics, today announced a global licensing agreement with Genentech, a member of the Roche Group, to advance one of its RNAi programs based on its proprietary RNAi platform. Under the agreement, SanegeneBio grants Genentech exclusive worldwide rights to develop and commercialize the program. SanegeneBio will be responsible for early development activities and Genentech will subsequently lead all future clinical development and commercialization activities.

SanegeneBio’s proprietary RNAi platform includes novel chemistries and delivery technologies that can be utilized to generate potential breakthrough siRNA medicines for multiple disease areas.

“Entering into this agreement with Genentech marks another important milestone for our innovative and differentiated RNAi chemistry and delivery platforms,” said Weimin Wang, Ph.D., Chief Executive Officer and Founder of SanegeneBio. “We are delighted to work with a global scientific leader to continue delivering effective and life-changing therapies for patients worldwide.”

Under the terms of the agreement, SanegeneBio will receive an upfront payment of $200 million and will be eligible to receive development and commercialization milestone payments, totaling up to $1.5 billion, as well as tiered royalties on potential future product sales.

About SanegeneBio

SanegeneBio is a global, venture-backed, fully-integrated biotechnology company focused on developing RNAi-based therapeutics. Founded in 2021 and led by a team of RNAi veterans, the company has R&D operations in Boston, Shanghai and Suzhou. Their clear vision is that RNAi technology will power blockbuster medicines in diverse therapeutic areas, improving the quality and longevity of life for patients worldwide. This vision is being realized by advancing a fast-growing pipeline, which includes experimental medicines for autoimmune nephropathies, obesity, and cardiometabolic indications. SanegeneBio has initiated clinical trials for four experimental medicines to-date, and is committed to developing potential best-in-class and first-in-class therapeutics which leverage our industry-leading and differentiated LEAD™ tissue-selective RNAi delivery technology. For more information, please visit: www.sanegenebio.com and engage on LinkedIn.