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51Talk Online Education Group Announces Second Quarter 2026 Results

By
Advertorial Desk
-

SINGAPORE, Sept. 15, 2026 /PRNewswire/ — 51Talk Online Education Group (“51Talk” or the “Company”) (NYSE American: COE), a global online education platform with core expertise in English education, announced its unaudited results for the second quarter ended June 30, 2026.

Second Quarter 2026 Financial and Operating Highlights

  • Gross billings[1] for the second quarter of 2026 were US$39.3 million, a 38.1% growth from US$28.5 million for the second quarter of 2025.
  • Net revenues were US$32.4 million for the second quarter of 2026, a 58.8% increase from US$20.4 million for the second quarter of 2025.
  • The number of active students with attended lesson consumption was approximately 138,100 in the second quarter of 2026, representing a 51.3% increase from approximately 91,300 for the second quarter of 2025.
  • Operating cash inflow for the second quarter of 2026 was US$4.9 million.

Key Financial and Operating Data

For the three months ended

Jun. 30,

Jun. 30,

Period-to-Period

2025

2026

Change

Net Revenues (in US$ millions)

20.4

32.4

58.8 %

Gross Margin

74.5 %

73.9 %

-0.6ppt

Gross Billings (in US$ millions)

28.5

39.3

38.1 %

Active students with attended lesson consumption[2] (in thousands)

91.3

138.1

51.3 %

“Gross billings for the second quarter reached US$39.3 million, once again exceeding the high end of our guidance announced in June 2026 and representing growth of 38.1% year-over-year. Demand across our key markets remains robust. We generated US$4.9 million of net operating cash inflow during the quarter,” stated Jack Jiajia Huang, Founder, Chairman, and Chief Executive Officer of 51Talk.

“On July 1, we launched our next-generation learning product, Global Communicator, built with our strategic partner Oxford University Press. The world students learn in, the characters they meet, and the lessons themselves are all generated end-to-end by our AI-powered content production platform. The same platform will power new regions, new languages, and new subjects — it is the foundation for what we build next.

“Our priority for the remainder of 2026 is to sustain healthy growth by building on last year’s success. Following an exceptionally strong third quarter of 2025, we are investing more efficiently in the third quarter of 2026, moving us toward profitability and long-term shareholder value,” Jack Jiajia Huang concluded.

Second Quarter 2026 Financial Results

Net Revenues and Gross Margin

Net revenues for the second quarter of 2026 were US$32.4 million, representing a 58.8% increase from US$20.4 million for the same quarter last year. The number of active students with attended lesson consumption was approximately 138,100 in the second quarter of 2026, representing a 51.3% increase from approximately 91,300 for the same quarter last year.

Cost of revenues for the second quarter of 2026 was US$8.5 million, representing a 62.5% increase from US$5.2 million for the same quarter last year. The increase was primarily due to the increase in total service fees paid to teachers, mainly resulting from an increased number of paid lessons, as well as higher payment processing fees associated with the expansion of payment channels.

Gross profit for the second quarter of 2026 was US$23.9 million, representing a 57.5% increase from US$15.2 million for the same quarter last year.

Gross margin for the second quarter of 2026 was 73.9%, compared with 74.5% for the same quarter last year.

Operating Expenses

Total operating expenses for the second quarter of 2026 were US$26.0 million, representing a 41.8% increase from US$18.4 million for the same quarter last year. The increase was mainly due to the increase in sales and marketing expenses.

Sales and marketing expenses for the second quarter of 2026 were US$19.3 million, representing a 48.8% increase from US$13.0 million for the same quarter last year. The increase was primarily attributable to higher sales personnel costs driven by headcount growth in the sales and marketing team, as well as increased marketing and branding expenses from intensified promotional activities. Excluding share-based compensation expenses, non-GAAP sales and marketing expenses for the second quarter of 2026 were US$19.2 million, representing a 49.2% increase from US$12.9 million for the same quarter last year.

Product development expenses for the second quarter of 2026 were US$2.4 million, compared with  US$1.2 million for the same quarter last year. Excluding share-based compensation expenses, non-GAAP product development expenses for the second quarter of 2026 were US$2.4 million, compared with US$1.2 million for the same quarter last year.

General and administrative expenses for the second quarter of 2026 were US$4.3 million, representing a 3.5% increase from US$4.1 million for the same quarter last year. Excluding share-based compensation expenses, non-GAAP general and administrative expenses for the second quarter of 2026 were US$3.94 million, representing a 1.1% increase from US$3.90 million for the same quarter last year.

Loss from Operations

Operating loss for the second quarter of 2026 was US$2.1 million, compared with operating loss of US$3.2 million for the same quarter last year.

Non-GAAP operating loss for the second quarter of 2026 was US$1.6 million, compared with non-GAAP operating loss of US$2.8 million for the same quarter last year.

Net Loss Attributable to the Company’s Ordinary Shareholders

Net loss attributable to the Company’s ordinary shareholders for the second quarter of 2026 was US$3.1 million, compared with net loss of US$3.5 million for the same quarter last year.

Excluding share-based compensation expenses of US$0.5 million, non-GAAP net loss attributable to the Company’s ordinary shareholders for the second quarter of 2026 was US$2.6 million, compared with non-GAAP net loss of US$3.1 million for the same quarter last year.

Basic and diluted net loss per share attributable to ordinary shareholders for the second quarter of 2026 was US$0.01, compared with basic and diluted net loss per share of US$0.01 for the same quarter last year.

Excluding share-based compensation expenses of US$0.5 million, non-GAAP basic and diluted net loss per share attributable to ordinary shareholders for the second quarter of 2026 was US$0.01, compared with non-GAAP basic and diluted net loss per share attributable to ordinary shareholders of US$0.01 for the same quarter last year.

Basic and diluted net loss per American depositary share (“ADS”) attributable to ordinary shareholders for the second quarter of 2026 was US$0.51, compared with basic and diluted net loss per ADS of US$0.59 for the same quarter last year. Each ADS represents 60 Class A ordinary shares.

Excluding share-based compensation expenses of US$0.5 million, non-GAAP basic and diluted net loss per ADS attributable to ordinary shareholders for the second quarter of 2026 was US$0.43, compared with non-GAAP basic and diluted net loss per ADS attributable to ordinary shareholders of US$0.53 for the same quarter last year.

Balance Sheet

As of June 30, 2026, the Company had total cash, cash equivalents and time deposits of US$40.1 million, compared with US$39.0 million as of December 31, 2025.

The Company had advances from students[3] of US$86.7 million as of June 30, 2026, compared with US$76.6 million as of December 31, 2025.

Outlook

For the third quarter of 2026, the Company currently expects net gross billings to be between US$41.0 million and US$43.0 million, which would represent a sequential increase of 4.3% to 9.4% and an increase of approximately 1.3% to 6.3% from the same quarter in 2025.

The above outlook is based on current market conditions and reflects the Company’s current and preliminary estimates of market and operating conditions and customer demand, which are all subject to change.

[1] Gross billings for a specific period, which is one of the Company’s key operating data, is defined as the total amount of cash received and receivable from third party payment platforms for the sale of course packages and services in such period, net of the total amount of refunds in such period. The gross billings data included herein was from the Company’s business system and converted with quarterly corresponding exchange rate, which may lead to differences with bank records.

[2] An “active student with attended lesson consumption” for a given period refers to a student who attended at least one paid lesson, excluding those students who only attended paid live broadcasting lessons or trial lessons.

[3] “Advances from students” is defined as the amount of obligation to transfer goods or service to students or business partners for which consideration has been received from students in advance. The deposits from students are also presented in the total amount of “advances from students.”

Conference Call

The Company’s management will host an earnings conference call at 8:00 AM U.S. Eastern Time on September 15, 2026 (8:00 PM Singapore/Hong Kong time on September 15, 2026).

Dial-in details for the earnings conference call are as follows:

United States (toll free):

1-888-346-8982

International:

1-412-902-4272

Mainland China (toll free):

4001-201203

Hong Kong (toll free):

800-905945

Web phone

click here

Participants should dial-in at least 5 minutes before the scheduled start time and ask to be connected to the call for “51Talk Online Education Group.”

Additionally, a live and archived webcast of the conference call will be available on the Company’s investor relations website at http://ir.51talk.com.

A replay of the conference call will be accessible until September 22, 2026, by dialing the following telephone numbers:

United States (toll free):     

1-855-669-9658

International:

1-412-317-0088

Replay Access Code:

2434410

About 51Talk Online Education Group

51Talk Online Education Group (NYSE American: COE) is a global online education platform with core expertise in English education. The Company’s mission is to make quality education accessible and affordable. The Company’s online and mobile education platforms enable students to take live interactive English lessons on demand. The Company connects its students with highly qualified teachers using a shared economy approach, and employs student and teacher feedback and data analytics to deliver a personalized learning experience to its students.

Use of Non-GAAP Financial Measures

In evaluating its business, 51Talk considers and uses the following measures defined as non-GAAP financial measures by the SEC as supplemental metrics to review and assess its operating performance: non-GAAP sales and marketing expenses, non-GAAP product development expenses, non-GAAP general and administrative expenses, non-GAAP operating expenses, non-GAAP operating income/(loss), non-GAAP net income/(loss), non-GAAP net income/(loss) attributable to ordinary shareholders, and non-GAAP net income/(loss) attributable to ordinary shareholders per share and per ADS. To present each of these non-GAAP measures, the Company excludes share-based compensation expenses. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. For more information on these non-GAAP financial measures, please see the table captioned “Reconciliations of non-GAAP measures to the most comparable GAAP measures” set forth at the end of this press release.

51Talk believes that these non-GAAP financial measures provide meaningful supplemental information regarding its performance by excluding share-based compensation expenses that may not be indicative of its operating performance from a cash perspective. 51Talk believes that both management and investors benefit from these non-GAAP financial measures in assessing its performance and when planning and forecasting future periods. These non-GAAP financial measures also facilitate management’s internal comparisons to 51Talk’s historical performance. 51Talk computes its non-GAAP financial measures using the same consistent method from quarter to quarter and from period to period. 51Talk believes these non-GAAP financial measures are useful to investors in allowing for greater transparency with respect to supplemental information used by management in its financial and operational decision-making. A limitation of using non-GAAP measures is that these non-GAAP measures exclude share-based compensation expenses that have been and will continue to be for the foreseeable future a significant recurring expense in 51Talk’s business. Management compensates for these limitations by providing specific information regarding the GAAP amounts excluded from each non-GAAP measure. The accompanying table at the end of this press release provides more details on the reconciliations between GAAP financial measures that are most directly comparable to non-GAAP financial measures.

Safe Harbor Statement

This press release contains statements that may constitute “forward-looking” statements pursuant to 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”, “likely to” and similar statements. Among other things, 51Talk’s quotations from management in this announcement, as well as 51Talk’s strategic and operational plans, contain forward-looking statements. 51Talk may also make written or oral forward-looking statements in its periodic reports to the Securities and Exchange Commission (“SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about 51Talk’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: 51Talk’s goals and strategies; 51Talk’s expectations regarding demand for and market acceptance of its brand and platform; 51Talk’s ability to retain and increase its student enrollment; 51Talk’s ability to offer new courses; 51Talk’s ability to engage, train and retain new teachers; 51Talk’s future business development, results of operations and financial condition; 51Talk’s ability to maintain and improve infrastructure necessary to operate its education platform; competition in the online education industry in its international markets; the expected growth of, and trends in, the markets for 51Talk’s course offerings in its international markets; relevant government policies and regulations relating to 51Talk’s corporate structure, business and industry; general economic and business condition in the Philippines, its international markets and elsewhere; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in 51Talk’s filings with the SEC. All information provided in this press release is as of the date of this press release, and 51Talk does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

 

 

51TALK ONLINE EDUCATION GROUP

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands)

 As of

Dec. 31,

Jun. 30,

2025

2026

US$

US$

ASSETS

Current assets

Cash and cash equivalents

38,869

39,978

Time deposits

93

93

Prepaid expenses and other current assets

21,435

24,452

Total current assets

60,397

64,523

Non-current assets

Property and equipment, net

1,998

1,959

Intangible assets, net

68

62

Right-of-use assets

3,211

2,660

Deferred tax assets

77

74

Other non-current assets

341

349

Total non-current assets

5,695

5,104

Total assets

66,092

69,627

LIABILITIES AND SHAREHOLDERS’ DEFICITS

Current liabilities

Advances from students

76,569

86,703

Accrued expenses and other current liabilities

12,464

12,517

Amounts due to related parties

3,333

2,052

Lease liabilities

1,764

1,619

Taxes payable

1,226

1,795

Total current liabilities

95,356

104,686

Non-current liabilities

Lease liabilities

1,177

916

Other non-current liabilities

360

379

Deferred tax liabilities

452

459

Total non-current liabilities

1,989

1,754

Total liabilities

97,345

106,440

Total shareholders’ deficits

(31,357)

(36,942)

Noncontrolling interests

104

129

Total deficits

(31,253)

(36,813)

Total liabilities and shareholders’ deficits

66,092

69,627

 

 

 

51TALK ONLINE EDUCATION GROUP

UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS

(In thousands except for number of shares and per share data)

For the three months ended

For the six months ended

Jun. 30,

Mar. 31,

Jun. 30,

Jun. 30,

Jun. 30,

2025

2026

2026

2025

2026

US$

US$

US$

US$

US$

Net revenues

20,398

31,188

32,382

38,645

63,570

Cost of revenues

(5,205)

(8,214)

(8,456)

(9,435)

(16,670)

Gross profit

15,193

22,974

23,926

29,210

46,900

Operating expenses

Sales and marketing expenses

(12,973)

(17,857)

(19,303)

(24,202)

(37,160)

Product development expenses

(1,242)

(1,934)

(2,442)

(2,288)

(4,376)

General and administrative expenses

(4,137)

(4,605)

(4,283)

(7,381)

(8,888)

Total operating expenses

(18,352)

(24,396)

(26,028)

(33,871)

(50,424)

Loss from operations

(3,159)

(1,422)

(2,102)

(4,661)

(3,524)

Interest income

58

134

138

78

272

Other expenses, net

(227)

(547)

(514)

(286)

(1,061)

Loss before income tax expenses

(3,328)

(1,835)

(2,478)

(4,869)

(4,313)

Income tax expenses

(169)

(489)

(584)

(326)

(1,073)

Net loss

(3,497)

(2,324)

(3,062)

(5,195)

(5,386)

Net loss attributable to noncontrolling interests

(13)

(6)

(4)

(32)

(10)

Net loss attributable to the Company’s ordinary shareholders

(3,484)

(2,318)

(3,058)

(5,163)

(5,376)

Weighted average number of ordinary shares used in

computing basic and diluted loss per share

353,922,077

359,982,394

362,215,106

352,764,153

361,093,168

 

 

 

51TALK ONLINE EDUCATION GROUP

UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS

(In thousands except for number of shares and per share data)

For the three months ended

For the six months ended

Jun. 30,

Mar. 31,

Jun. 30,

Jun. 30,

Jun. 30,

2025

2026

2026

2025

2026

US$

US$

US$

US$

US$

Net loss per share attributable to ordinary shareholders

Basic and diluted

(0.01)

(0.01)

(0.01)

(0.01)

(0.01)

Net loss per ADS attributable to ordinary shareholders

Basic and diluted

(0.59)

(0.39)

(0.51)

(0.88)

(0.89)

Share-based compensation expenses are included in the operating expenses as follows:          

Sales and marketing expenses

(94)

(99)

(83)

(142)

(182)

Product development expenses

(14)

(49)

(66)

(27)

(115)

General and administrative expenses

(237)

(381)

(342)

(455)

(723)

 

 

 

51TALK ONLINE EDUCATION GROUP

Reconciliation of Non-GAAP Measures to the Most Comparable GAAP Measures

(In thousands except for number of shares and per share data)

For the three months ended

For the six months ended

Jun. 30,

Mar. 31,

Jun. 30,

Jun. 30,

Jun. 30,

2025

2026

2026

2025

2026

US$

US$

US$

US$

US$

Sales and marketing expenses

(12,973)

(17,857)

(19,303)

(24,202)

(37,160)

Less: Share-based compensation expenses

(94)

(99)

(83)

(142)

(182)

Non-GAAP sales and marketing expenses

(12,879)

(17,758)

(19,220)

(24,060)

(36,978)

Product development expenses

(1,242)

(1,934)

(2,442)

(2,288)

(4,376)

Less: Share-based compensation expenses

(14)

(49)

(66)

(27)

(115)

Non-GAAP product development expenses

(1,228)

(1,885)

(2,376)

(2,261)

(4,261)

General and administrative expenses

(4,137)

(4,605)

(4,283)

(7,381)

(8,888)

Less: Share-based compensation expenses

(237)

(381)

(342)

(455)

(723)

Non-GAAP general and administrative expenses

(3,900)

(4,224)

(3,941)

(6,926)

(8,165)

Operating expenses

(18,352)

(24,396)

(26,028)

(33,871)

(50,424)

Less: Share-based compensation expenses

(345)

(529)

(491)

(624)

(1,020)

Non-GAAP operating expenses

(18,007)

(23,867)

(25,537)

(33,247)

(49,404)

Loss from operations

(3,159)

(1,422)

(2,102)

(4,661)

(3,524)

Less: Share-based compensation expenses

(345)

(529)

(491)

(624)

(1,020)

Non-GAAP loss from operations

(2,814)

(893)

(1,611)

(4,037)

(2,504)

 

 

 

51TALK ONLINE EDUCATION GROUP

Reconciliation of Non-GAAP Measures to the Most Comparable GAAP Measures

(In thousands except for number of shares and per share data)

For the three months ended

For the six months ended

Jun. 30,

Mar. 31,

Jun. 30,

Jun. 30,

Jun. 30,

2025

2026

2026

2025

2026

US$

US$

US$

US$

US$

Income tax expenses

(169)

(489)

(584)

(326)

(1,073)

Less: Tax impact of Share-based compensation expenses

–

–

–

–

–

Non-GAAP income tax expenses

(169)

(489)

(584)

(326)

(1,073)

Net loss attributable to the Company’s ordinary shareholders

(3,484)

(2,318)

(3,058)

(5,163)

(5,376)

Less: Share-based compensation expenses

(345)

(529)

(491)

(624)

(1,020)

Non-GAAP net loss attributable to the Company’s ordinary
shareholders

(3,139)

(1,789)

(2,567)

(4,539)

(4,356)

Weighted average number of ordinary shares used in

computing basic and diluted loss per share

353,922,077

359,982,394

362,215,106

352,764,153

361,093,168

Non-GAAP net loss per share attributable to ordinary shareholders

Basic and diluted

(0.01)

(0.00)

(0.01)

(0.01)

(0.01)

Non-GAAP net loss per ADS attributable to ordinary shareholders

Basic and diluted

(0.53)

(0.30)

(0.43)

(0.77)

(0.72)

*The previously reported unaudited quarterly financial information for the relevant periods was restated in the fourth quarter of 2025 to reflect certain immaterial adjustments, primarily related to the refinement of expense recognition cutoffs during the year-end financial reporting process.

 

 

 

 

HKUST Welcomes the Prime Minister of Uzbekistan Strengthening Partnerships in Education, Research, and Talent Development

By
Advertorial Desk
-

HONG KONG SAR – Media OutReach Newswire – 15 September 2026 – The Hong Kong University of Science and Technology (HKUST) welcomed H.E. Mr. Abdulla Nigmatovich ARIPOV, Prime Minister of the Republic of Uzbekistan, for an official campus visit on September 10, 2026, making HKUST the sole university included in his Hong Kong itinerary. The high-level visit underscored the growing partnership between Uzbekistan and HKUST, with a particular focus on advancing collaboration in higher education, research, innovation, and talent development.

H.E. Mr. Abdulla Nigmatovich ARIPOV, Prime Minister of the Republic of Uzbekistan (seventh right, middle row); Dr. CHOI Yuk-Lin, Secretary for Education of the HKSAR Government (seventh left, middle row); Prof. Harry SHUM, Council Chairman of HKUST (sixth left, middle row); and Prof. Nancy IP, President of HKUST (sixth right, middle row), pose for a photo with students from Uzbekistan during the Prime Minister's official visit to HKUST.
H.E. Mr. Abdulla Nigmatovich ARIPOV, Prime Minister of the Republic of Uzbekistan (seventh right, middle row); Dr. CHOI Yuk-Lin, Secretary for Education of the HKSAR Government (seventh left, middle row); Prof. Harry SHUM, Council Chairman of HKUST (sixth left, middle row); and Prof. Nancy IP, President of HKUST (sixth right, middle row), pose for a photo with students from Uzbekistan during the Prime Minister’s official visit to HKUST.

The Uzbek delegation of 24 members was warmly received by Dr. CHOI Yuk-Lin, Secretary for Education of the HKSAR Government; Prof. Harry SHUM, Council Chairman of HKUST; Prof. Nancy IP, President of HKUST, and senior university leaders.

In a high-level meeting with the University’s leadership, Prime Minister Aripov engaged in in-depth discussions on higher education development, artificial intelligence (AI), technological innovation, talent cultivation, research commercialization, and opportunities for closer collaboration between Uzbekistan and HKUST. The exchange also explored pathways for strengthening academic partnerships, expanding student and faculty mobility, and supporting Uzbekistan’s ambitions in developing a knowledge-based economy and emerging technology sectors.

Prime Minister Aripov said, “We are deeply impressed by HKUST’s achievements and its ability to translate cutting-edge research and innovation into practical industrial applications. With over 7,000 Uzbek students pursuing higher education across China, we see tremendous potential to strengthen our academic ties with Hong Kong and prioritize HKUST as a key destination for our students. As both Uzbekistan and HKUST mark their 35th anniversaries, establishing this partnership presents a symbolic and meaningful opportunity to expand educational excellence and global reach together.”

Prof. Shum said, “We are deeply honored to welcome Prime Minister Aripov and the distinguished Uzbek delegation to HKUST during the Belt and Road Summit. As a young, globally minded university celebrating our 35th anniversary, HKUST serves as a vital super-connector—bringing together diverse talent from over 80 nationalities. Building on our foundation with the El-Yurt Umidi Foundation, this visit marks a pivotal step in deepening ties between Hong Kong and Central Asia, opening up new horizons for collaborative growth and youth development along the Belt and Road.”

President Ip added, “We were delighted to engage in a highly productive and forward-looking dialogue with Prime Minister Aripov and his delegation. Uzbekistan’s strategic priorities in AI, robotics, fintech, and cybersecurity align closely with HKUST’s research strengths and advanced facilities. AI and medical science, in particular, offer promising areas for collaboration and could serve as important starting points for future joint initiatives. Beyond educational exchanges, we see tremendous opportunities to deepen cooperation in research, innovation, talent development, and knowledge transfer. We look forward to visiting Uzbekistan and working closely with our partners to co-create impactful solutions, nurture future-ready talent, and contribute to sustainable economic and technological development.”

HKUST also signed a Memorandum of Understanding (MOU) with the Ministry of Higher Education, Science and Innovation of the Republic of Uzbekistan. The agreement establishes a framework for educational collaboration and promotes excellence and innovation in teaching, learning, and research. Witnessed by Prime Minister Aripov, Dr. Choi, and Prof. Shum, the MOU was signed by President Ip and Mr. Salomov Uktam RAHIMOVICH, Deputy Minister of Higher Education, Science and Innovation of the Republic of Uzbekistan.

The Prime Minister and his delegation toured the HKUST Von Neumann Institute, where they learned about the University’s world-leading research and innovation capabilities in AI. The delegation was introduced to HKUST’s latest advancements in next-generation multimodal AI systems, robotic intelligence technologies, AI-driven 3D understanding and generation, and large-scale healthcare models, as well as their potential applications in addressing societal and industrial challenges. During the visit, the delegation met with 31 Uzbek students studying in Hong Kong, including 14 undergraduates currently enrolled at HKUST, to learn about their academic experiences and life in the city.

Hashtag: #HKUST

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

About The Hong Kong University of Science and Technology

The Hong Kong University of Science and Technology (HKUST) () is a world-class university renowned for its innovative education, research excellence, and impactful knowledge transfer. Adopting a holistic and interdisciplinary approach to education, HKUST was ranked 33rd globally and 6th in Asia in the QS World University Rankings 2027 and QS Asia University Rankings 2026, respectively. It was also ranked 20th worldwide in the Times Higher Education Sustainability Impact Ratings 2026, placing first among universities in Hong Kong and the Chinese Mainland for the third consecutive year. Eleven HKUST subjects were ranked among the world’s top 50 in the QS World University Rankings by Subject 2026. In addition, HKUST’s Computer Science discipline, which encompasses areas such as artificial intelligence and machine learning, was ranked No. 1 in Hong Kong for the tenth consecutive year in the Times Higher Education World University Rankings by Subject 2026. Its graduates are highly competitive, consistently ranking among the world’s top 30 most sought-after employees. In research and entrepreneurship, more than 80% of HKUST’s research was rated “world-leading” or “internationally excellent” in the University Grants Committee’s Research Assessment Exercise 2020. As of July 2026, HKUST members had founded more than 2,000 active start-ups, including 11 unicorns and 22 successful exits through initial public offerings (IPOs) or mergers and acquisitions (M&A).

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Advertorial Desk
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SHANGHAI, Sept. 15, 2026 /PRNewswire/ — Envision Energy, a global leader in green technology, has earned two spots in Recharge’s 2026 Wind Power 40 Under 40 Global List, with Huang Hu and Winston Xu named among the emerging leaders shaping the future of the global wind industry. With two honorees, Envision ranks among the organizations with the strongest representation on this year’s list.

The Wind Power 40 Under 40 brings together emerging leaders from across the wind industry, spanning turbine manufacturers, project developers, professional and certification services, industry organisations and emerging technology companies. With two honourees, Envision is among the organisations with the highest representation on this year’s list, alongside Siemens Gamesa, Ørsted, Shanghai Electric Wind Power, RWE, DNV and the Global Wind Energy Council (GWEC).


 


Huang Hu, Vice President of Wind Turbine and Equipment Product Platform at Envision Energy, has contributed to advancing next-generation wind turbine technology across drivetrain engineering, system reliability and advanced turbine platforms. He has also helped develop AI-enabled wind technologies and integrated wind-and-storage solutions, extending innovation toward greater lifecycle value and system-level optimisation.

Winston Xu, General Manager for Southeast Asia and Central Asia at Envision Energy, has helped expand Envision’s wind business across emerging international markets. He has played a role in establishing and scaling the company’s presence in Vietnam, Kazakhstan and Uzbekistan, while advancing opportunities in Sri Lanka, the Philippines and Azerbaijan. Combining global perspective with local execution, Xu is helping bring advanced wind technologies to new markets.

Together, Huang and Xu represent two complementary capabilities at the heart of Envision’s global wind business – advancing the technology and taking it global. The broader 2026 list reflects the increasingly diverse capabilities shaping the future of wind power. While turbine manufacturers and major developers remain prominent among the 40 honourees, the list also includes leaders from industry organisations, research and professional services firms, as well as emerging companies working across areas including AI, floating wind, advanced blades and energy digitalisation.

For Envision, the recognition comes as the company continues to expand its global wind business while advancing turbine technologies designed to address different wind conditions, grid requirements and customer needs. By bringing together technology development, local market expertise and global business experience, Envision aims to deliver greater value to customers and partners while supporting the continued growth of renewable energy around the world.

The recognition of Huang Hu and Winston Xu provides further visibility into the talent and capabilities supporting Envision’s technology development and international growth, helping advance wind power as a more intelligent, integrated and strategic pillar of the Future Energy System.

Fuel Incorporation Facilitates Over US$1 Billion in Gasoil Transactions as Diesel Stockpiling Surges — and Expands Into Coal With Indonesian Mine Supply

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Advertorial Desk
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Singapore diesel supplier crosses the billion-dollar mark amid tightening global supply, and extends into coal to provide energy for the world.

SINGAPORE – Media OutReach Newswire – 15 September 2026 – Concerns over tightening diesel supply are reshaping procurement across Asia. Buyers who once purchased on demand are now moving to secure stockpiles ahead of potential shortages — and the surge has pushed transaction volumes at Singapore’s fuel trading desks to record levels.

Fuel Incorporation Pte Ltd (“Fuelinc”), a Singapore diesel supplier holding term contracts with oil majors has now facilitated more than US$1 billion in gasoil and diesel transactions internationally, as governments, industrial buyers and traders move to lock in EN590 10ppm supply against an uncertain market.

“What we’re seeing is a fundamental shift in how buyers think about diesel,” said Charlie Tan, Director of Fuel Incorporation. “Nobody wants to be caught short. Parties that used to buy for on spot basis are now procuring an an annual basis — and they’re coming to Singapore to do it, because this is where the supply relationships are.”

Fuelinc’s position at the centre of these flows reflects Singapore’s role as the region’s energy trading hub. Alongside its domestic business — bulk EN590 10ppm diesel supplied island-wide through its own fleet of tankers to construction, logistics and industrial customers — the company has built an international trading desk spanning gasoil, crude oil, LPG, LNG, bunkering and vessel charter.

Expansion into coal. Fuelinc today also announced its expansion into coal supply, securing supply from an Indonesian coal mine to serve power-generation and industrial buyers across the region. The move extends the company’s mandate from fuels into the broader commodities that power economies — positioning Fuelinc as a single Singapore-based counterparty for the energy the world runs on.

“Energy security is no longer just about diesel,” Tan added. “The same customers asking us to secure their fuel are asking about coal for their power needs. With Indonesian supply behind us, we can now answer both.”

Hashtag: #FuelIncorporationPteLtd

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

About Fuel Incorporation Pte Ltd

Fuel Incorporation (“Fuelinc”) is an established Singapore diesel supplier holding term contracts with oil majors. The company supplies bulk EN590 10ppm diesel island-wide via its own tanker fleet, and operates as a Singapore hub for international commodity supply — gasoil, crude oil, coal, LPG, LNG, bunkering and vessel charter. Learn more at or contact biz@fuelinc.com.sg.

“Rumah Kita, Ceria Bersama” — Easyhome Mall Joins Hands with the Community to Celebrate Malaysia Day

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Advertorial Desk
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SELANGOR, MALAYSIA – Media OutReach Newswire – 15 September 2026 – In conjunction with Malaysia Day 2026, Easyhome Mall held a two-day Malaysia Day celebration on 12–13 September themed “Rumah Kita, Ceria Bersama,” bringing together government agencies, community organisations, and partners from the sports and health sectors for a series of events that combined national spirit, sportsmanship, community care and home living to celebrate Malaysia Day with the public.

From left: Dr. Mohd Khairuddin Othman, Penyelaras DUN Paya Jaras; Tuan Zulfadzlee Shah Shaharuddin, Ahli Majlis MBSJ, MPP Zon 4; Yang Berusaha Tuan Haji Mohd Zulkurnain bin Che Ali, Timbalan Datuk Bandar Subang Jaya; Leo Xue Ya Qi, General Manager of Easyhome Mall; and Yang Berbahagia Dato' Sri Megat D. Shahriman bin Dato' Zaharudin, Presiden Majlis Paralimpik Malaysia (MPM)
From left: Dr. Mohd Khairuddin Othman, Penyelaras DUN Paya Jaras; Tuan Zulfadzlee Shah Shaharuddin, Ahli Majlis MBSJ, MPP Zon 4; Yang Berusaha Tuan Haji Mohd Zulkurnain bin Che Ali, Timbalan Datuk Bandar Subang Jaya; Leo Xue Ya Qi, General Manager of Easyhome Mall; and Yang Berbahagia Dato’ Sri Megat D. Shahriman bin Dato’ Zaharudin, Presiden Majlis Paralimpik Malaysia (MPM)

The series of events was jointly organised by Easyhome Mall together with Majlis Bandaraya Subang Jaya (MBSJ) and MPP4, with support from various government agencies, community groups and partner organisations. Throughout the event, guests, residents, families and members of the public gathered at Easyhome Mall to celebrate the national day while witnessing a community celebration that connected people of different ages, backgrounds and generations.

Classic Cars Gather to Relive a Golden Era

On 12 September, Easyhome Mall hosted a classic car showcase, with around 30 vintage cars gathering at the mall for a distinctive celebration of automobile culture.

Guests of honour arrived at Easyhome Mall in classic cars, with a procession and send-off ceremony held for the occasion. The parade of classic vehicles was one of the day’s highlights, drawing large crowds who stopped to admire and photograph the cars.

Classic cars stand as witnesses to the evolution of the automotive industry and carry shared memories across generations. The showcase used car culture as a bridge, charm andhe public to appreciate timeless vehicles while experiencing their enduring charm, and creating opportunities for cross-generational exchange.

The event also featured national songs, dance performances and various stage shows, celebrating Malaysia Day in an atmosphere that blended solemnity and festivity, and reflecting the vibrancy and unity of the nation’s multicultural society.

18 Sporting Legends Gather to Share National Pride

Another highlight of the day was a meet-and-greet session with 18 outstanding athletes and sporting legends from Malaysia, specially invited by Easyhome Mall to interact and share their experiences with the public.

Guests included Datuk Foo Kok Keong, Datuk Zaiton Othman, Dato’ Rajagopal, Stephanie Ng Mee Fen, Dato’ Noorul Ariffin and other athletes who have contributed to Malaysian sports.

These sporting greats have represented the nation in various disciplines at competitions both at home and abroad, earning honour for the country through outstanding performances and unwavering determination. What they leave behind is not only records and achievements, but national memories cherished by generation after generation of Malaysians.

The event featured sharing sessions, live interactions, autograph signing and photo opportunities, allowing the public to meet these sporting legends up close and draw inspiration from their perseverance, resilience and sportsmanship.

Limited-edition autographed fans signed by the athletes were also given out on-site, allowing participants to take home a meaningful memento of this shared national and sporting memory on Malaysia Day.

RM1 Limited Goodies Bags a Hit — All 300 Sets Given Out

To let the community share in the joy of Malaysia Day, Easyhome Mall launched an RM1 Limited Goodies Bag promotion at 10:30am on 12 September.

A total of 300 goodies bags were prepared, each containing gifts and vouchers worth over RM300, including food, beverages, daily necessities, mall vouchers and various discounts — among them an RM100 mattress voucher.

Long queues formed before the promotion began, and crowds continued streaming in once it started. All 300 limited goodies bags were fully distributed, reflecting the strong public support for Easyhome Mall’s Malaysia Day celebrations.

Beyond offering generous gifts and discounts, the promotion further reflected Easyhome Mall’s commitment to sharing festive joy and giving back to the community.

Partnering with Lions Club International to Promote Community Health

On 13 September, Easyhome Mall extended its celebrations to community health and wellbeing, partnering with Lions Club International District 308B2 to hold a Community Health Day, offering residents a range of health services and information.

The Community Health Day brought together multiple medical, health and professional service providers, including the National Cancer Society Malaysia (NCSM), Orthopaedic Specialist Centre (OSC), Prudential, traditional Chinese medicine practitioners, GEN QI AI Healing, Hearing Partners, and Melilea.

A range of health services and consultations were offered on-site, covering health screenings, cancer health information, hearing and hearing-aid services, traditional Chinese medicine consultations, health technology experiences and other wellness programmes, allowing residents to access information across different health fields in a convenient setting and build greater awareness of health management and disease prevention.

The National Cancer Society Malaysia also took part, providing cancer prevention and health education information to raise public awareness of cancer screening, prevention and healthy lifestyles.

Through the Community Health Day, Easyhome Mall hoped to extend the meaning of “home” beyond a living space to encompass the physical and mental wellbeing of family members, so that residents can enjoy not only a comfortable living environment but also a healthier, more vibrant way of life.

Mattress Fair Paired with Old Mattress Trade-In Offer to Elevate Home Living

As part of the Malaysia Day celebrations, Easyhome Mall held a Mattress Fair from 12 to 20 September, bringing together multiple mattress brands to offer consumers a wide range of sleep and home living options.

Participating brands included Derucci, Englander, Napure, Spring Air, Movao, Goodnite, Eclipse, Serta, Backpedic, Ezeerest, D&B Home and Dreamland.

In addition to special promotions during the Mattress Fair, consumers could also take part in Easyhome Mall’s old mattress trade-in offer — simply submitting a photo of their old mattress to receive an RM100 rebate. Upon purchasing a new mattress with delivery arranged, the old mattress could also be collected at the time of delivery, easing the hassle of disposal and making the mattress upgrade process more convenient.

The RM1 Limited Goodies Bags launched on 12 September also included an RM100 mattress voucher. Eligible customers could combine the RM100 mattress voucher with the RM100 old mattress rebate for up to RM200 in additional savings.

Through the Mattress Fair and related home living promotions, Easyhome Mall hoped to help consumers enjoy special offers while more easily improving their sleep quality and home environment, further reflecting the significance of “home” as a vessel for living and wellbeing.

Starting from “Home,” Connecting the Community, Celebrating Together

“Rumah Kita, Ceria Bersama” conveys not only the festive spirit of Malaysia Day, but also Easyhome Mall’s deeper interpretation of the relationship between “home” and community.

Easyhome Mall extends its heartfelt thanks to MBSJ, MPP4, Lions Club International District 308B2, various government and community bodies, sporting figures, partners, brand merchants, the media and the public for their support and participation in this Malaysia Day series of events.

Moving forward, Easyhome Mall will continue to put community needs at its core, driving more diverse and meaningful events that connect with the community, and further bridging the distance between the mall and the community through collaboration across home living, health, culture, sports and lifestyle.

Starting from home, connected by community — sharing every moment worth treasuring.

Rumah Kita, Ceria Bersama

Hashtag: #easyhomemall #malaysiaday


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

FPG Fortune Prime Global Partners with AC Milan to Strengthen Its Global Presence

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Advertorial Desk
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MELBOURNE, AUSTRALIA – Media OutReach Newswire – 15 September 2026 – On 25 August 2026, Italian football club AC Milan announced an official partnership with FPG Fortune Prime Global (https://fortuneprime.com/). Under the agreement, FPG becomes a Premium Partner and the Official Online Trading Partner of AC Milan, marking its first official partnership with an international sports brand.

FPG Fortune Prime Global Partners with AC Milan to Strengthen Its Global Presence

The partnership brings together financial services and international sport, giving FPG a platform to broaden its brand visibility and connect with audiences worldwide through AC Milan’s global reach.

Connecting with Global Audiences

FPG operates across more than 30 countries and regions. By joining AC Milan’s global partner network, the company has an opportunity to reach a wider audience and strengthen connections across its international markets.

AC Milan’s established international presence and global fan community provide a platform for that engagement. The partnership reflects both organisations’ shared commitment to excellence and long-term development.

Supporting International Brand Development

The collaboration supports FPG’s international brand strategy by connecting the company with audiences through football’s appeal across countries, languages and cultures. It also expands AC Milan’s network of commercial partners.

As the partnership develops, both organisations can explore further opportunities in brand communications, market engagement and commercial initiatives.

Hashtag: #FPGFortunePrimeGlobal #ACMilan

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

About FPG Fortune Prime Global

FPG Fortune Prime Global (FPG) is a financial services brand providing online trading services to global markets, with operations across more than 30 countries and regions. The company focuses on trading technology, client service and international operations.

About AC Milan
AC Milan is one of Italy’s most internationally recognised football clubs, with a long-standing presence in European and global football and a strong international fan base. Through its distinctive club culture and commercial partnerships, AC Milan connects with fans and partners worldwide.

Lao, Chinese Energy Firms to Study Battery Storage System for Laos Power Grid

By
Phoudasack Vongsay
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A picture used for illustration purposes only.

On 11 September, Électricité du Laos (EDL) and Chinese energy company Shenzhen Yichu Smart Energy Group Co., Ltd. exchanged an agreement to study battery energy storage systems in Laos.

The agreement was one of three signed or exchanged at the Laos–Hong Kong Business Forum in Hong Kong, which brought together more than 120 business representatives from Laos, Hong Kong and neighboring Chinese provinces.

The feasibility study will examine how Battery Energy Storage Systems (BESS) could help Laos store electricity and manage its power supply as the country expands solar and wind generation.

BESS can store electricity when there is more power available than needed and release it when demand rises. The technology can also store electricity generated by solar and wind when production is high, allowing it to be used later.

According to state media, the study will assess how battery storage could be developed and used in Laos’ future electricity system. Details on potential locations, storage capacity, investment costs and construction timelines have not yet been disclosed.

Hydropower Energy

The study comes as Laos continues to rely heavily on hydropower, which accounts for about 70 percent of the country’s electricity output, according to the most recent publicly available data from 2024, according to the MInistry of Industry and Commerce. 

These concerns come as Laos seeks to expand variable renewable energy. The country’s power development strategy targets increasing solar and wind power to 11 percent of the energy mix by 2030. 

Laos Warns of Lasting Toll at Vientiane Meeting as Cluster Munition Use Rises Worldwide

By
Thongsavanh Souvannasane
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This photo is used for representational purpose only.

Laos is hosting the Convention on Cluster Munitions’ Third Review Conference 16 years after it hosted the First Meeting of States Parties in 2010, which produced the original Vientiane Declaration and Action Plan.

More than 800 delegates are attending the conference, which runs from 14 to 18 September and is expected to adopt the five-year Vientiane Action Plan for 2027–2031. The plan focuses on three priorities: faster survey, clearance and risk education; sustainable assistance for victims; and predictable international cooperation aligned with the development goals of affected countries.

Lao Prime Minister Sonexay Siphandone opened the conference, saying it marked a crucial milestone in turning commitments into measurable action. Speaking under the theme “Fulfilling the Promise of the Convention: Toward a World Free of Cluster Munitions,” he said Laos’ experience showed how the damage caused by these weapons can persist for decades after a war ends.

He described the Convention as a vital legal framework for one of the countries most heavily affected by cluster munitions and linked clearance efforts to Sustainable Development Goal 18, “Lives Safe from UXO.”

A Toll That Persists

The conference comes as Laos continues to record casualties from wartime contamination. 

Laos remains the most heavily bombed country per capita in history: between 1964 and 1973, during the Vietnam War, US forces dropped more than 2 million tons of ordnance on a country whose population numbered around three million at the time, including cluster bombs that scattered hundreds of smaller submunitions on impact. 

Roughly 30 percent failed to explode. Tens of thousands of Lao citizens have been killed or injured since, and the danger has not gone away, officials reported 15 accidents and 25 casualties in 2025, including six deaths, caused by decades-old bomblets rather than active use of the weapons.

Globally, cluster munitions killed or injured at least 1,063 people in 2025, the third-highest annual toll on record, according to the newly released Cluster Munition Monitor 2026.

Momentum Slipping Globally

International Committee of the Red Cross Vice President Jürg Lauber opened his remarks by crediting Laos with “powerful voice and strong moral authority” as host, given the country’s own history with the weapons. 

He cautioned, however, that global momentum toward universal adherence has stalled: States Parties grew from just 110 to 112 over five years, as three nations joined while Lithuania became the Convention’s first-ever withdrawal in March 2025. 

At the same time, countries outside the Convention continue to use and produce the weapons.

The Cluster Munition Monitor 2026 recorded use by Iran, Myanmar, Russia, Thailand and Ukraine during the reporting period. It also identified 18 countries that still produce cluster munitions or reserve the right to do so, none of which are party to the Convention.

The report found evidence of new production in China, India, Israel, Myanmar, North Korea, Poland, Romania, Russia and South Korea. It also reported evidence of transfers involving North Korea and Russia, as well as Israel and the United States.

Lauber urged countries to strengthen the international stigma against cluster munitions, work toward universal adherence to the Convention, and maintain funding for clearance and victim assistance.

Funding Remains a Concern

The pressure is not limited to the weapons themselves. The report also warns that declining humanitarian funding could undermine efforts to clear contaminated land and support survivors.

Around USD 116 million in international and national funding was provided to address cluster munition contamination in 2025. But the US foreign assistance freeze and subsequent grant cancellations disrupted clearance and victim assistance programs in several affected countries.

In Laos, the main multi-year project supporting victim assistance was forced to close following cuts to US funding, according to the report.

The Cluster Munition Coalition said the funding cuts are coming at a time when humanitarian needs are growing.

“This year’s findings show a convention that keeps delivering results to affected communities,” said Tamar Gabelnick, director of the Cluster Munition Coalition. “Yet the rising human toll, continued and new use, production, and transfers by states not party are stark warnings that these gains cannot be taken for granted.”

“And as humanitarian needs grow, funding cuts are stripping away the care survivors depend on.”

Despite these challenges, the amount of land released from cluster munition contamination by States Parties increased by 15 percent in 2025 compared with the previous year.

“The choice facing governments in Vientiane is not simply whether to reaffirm commitments made 16 years ago, but whether to dedicate the political leadership and resources needed to deliver on them,” Gabelnick said.

“For communities living with cluster munition contamination and for survivors requiring lifelong support, progress on paper must translate into meaningful change in their daily lives.”

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