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INTCO Medical Reports 40.6% H1 2026 Revenue Growth, Expands World’s Largest Disposable Glove Capacity to 107 Billion Pieces

ZIBO, China, Aug. 29, 2026 /PRNewswire/ — INTCO Medical (“the Company”, 300677.SZ), a leading global manufacturer of disposable gloves, reported revenue of RMB 6.91 billion (approx. US$1.03 billion) for the six months ended June 30, 2026, up 40.61% from a year earlier. Net profit attributable to shareholders rose 17.86% to RMB 837.3 million (approx. US$124.6 million). Adjusted net profit attributable to shareholders, excluding nonrecurring gains and losses, climbed 165.00% to RMB 1.06 billion (approx. US$157.7 million).

By the end of the reporting period, INTCO Medical’s annualized production capacity for disposable gloves had reached 107 billion pieces. The total comprised 74 billion disposable nitrile gloves and 33 billion disposable vinyl gloves. This scale reinforces the Company’s position as the world’s largest producer of disposable gloves.

INTCO Medical’s integrated value chain extends from nitrile latex and the research, development and manufacturing of core production equipment to glove production and global sales. Through nitrile latex manufacturers in which it holds controlling or equity interests, the Company strengthens raw material supply security, helping mitigate the impact of international crude oil price fluctuations on key raw material costs while enhancing supply stability and cost efficiency. Its coordinated domestic and international production capacity enables the Company to allocate manufacturing resources according to market demand, respond efficiently to customer needs and support reliable delivery across global markets. Together, these capabilities strengthen operational resilience.

During the reporting period, R&D expenses rose 20.62% to RMB 245.9 million (approx. US$36.6 million). The Company continued to develop high-performance products, including Syntex™ Synthetic Latex Gloves, a proprietary glove that does not contain natural latex proteins and offers high elasticity and puncture resistance, and Synmax Pro Exam Gloves, an enhanced vinyl glove for food service and industrial applications. The Company has also introduced safety work gloves, household gloves and other products to meet diverse application needs.

Smart manufacturing boosts efficiency and quality. INTCO Medical’s latest nitrile glove production line spans more than 1.6 kilometers and incorporates about 500 control points. Its precision distributed control system automatically manages temperature and liquid levels based on production conditions, helping reduce labor and energy consumption while maintaining stable output. The Company’s glove product yield remained above 99% during the reporting period.

INTCO Medical will continue optimizing global capacity and advancing protective product innovation to support growth.

CATL Announces Local Partnership, Showcases Full-Chain Storage at The Smarter E South America 2026

SÃO PAULO, Aug. 29, 2026 /PRNewswire/ — CATL is showcasing its full energy storage ecosystem at The Smarter E South America 2026 in São Paulo from August 25 to 27, demonstrating capabilities across the entire value chain, from cell R&D and energy management to project delivery and localized services. At the show, the company also announces a strategic partnership with Moura to jointly participate in Brazil’s Capacity Reserve Auction for Energy Storage, reinforcing its commitment to the country’s resilient and sustainable energy future.


A Storage Portfolio Engineered for Brazil’s Energy Landscape

CATL is presenting a broad portfolio of large-scale storage solutions purpose-built to meet Brazil’s evolving power market needs.

TENER S, CATL’s next-generation energy storage solution, leads the lineup. Built to maximize long-term asset value, it delivers zero degradation in capacity and power over the first year of a 20-year design life. Its liquid cooling system cuts auxiliary power consumption by up to 20%, lowering operating costs. TENER S also increases areal energy density by 30% and reduces site footprint by 20%, lowering balance-of-system costs. For Brazil, where grid instability remains a persistent challenge, TENER S delivers the utility-scale capacity and long-term reliability the country needs for renewable integration. The system has already been selected for major global projects, including a 1.5 GWh project in Spain and a long-term service-backed deployment at the Supernode project in Australia.

For high-density utility and industrial/commercial applications, TENER H leverages 575 Ah cells to pack 9,008 kWh per container, boosting land utilization by 45% and cutting project costs where land is at a premium. It supports flexible 2-, 4-, and 8-hour configurations: the 2-hour option delivers fast response for grid stabilization, while the 4- and 8-hour versions achieve up to 96.0% round-trip efficiency to maximize long-duration returns.

CATL is also unveiling TENER Sodium in Brazil for the first time. Launched recently, this 30 MWh integrated sodium-ion system delivers a 20-year design life, 95% round-trip efficiency, stable operation from -20°C to +45°C, and IEC/UL/CE certifications. Beyond its advanced cells, the system features coordinated BMS, PCS, and thermal management optimized for sodium battery characteristics, enabling rapid deployment and site-level reliability.

TENER Sodium extends CATL’s site-level engineering and full-lifecycle asset management capabilities into the sodium-ion domain—capabilities built through years of turnkey project deliveries worldwide and reinforced by the company’s recently unveiled whole-station testing facility in Xiamen, which validates real-world grid-connected performance to ensure bankable results from day one. Together, these strengths underscore CATL’s role as a leading comprehensive energy storage solution provider.

Rooted in Brazil, Partnering for the Long Run

“CATL’s commitment to Brazil rests on three fundamental pillars: partnership, proven delivery, and localized service,” said Ray See, Executive President of CATL’s Americas Energy Storage Business Division. “While we provide world-class storage solutions, our broader mission is to build self-sustaining capabilities on the ground. By forging deep local alliances, executing with proven excellence, and equipping domestic talent with the expertise to take the lead, we establish a reliable support ecosystem that stands with our partners for the long run.”

At the event, CATL announces a strategic partnership with Moura, a leading Brazilian battery manufacturer, for joint participation in Brazil’s Capacity Reserve Auction for Energy Storage (LRCAP 2026 – National Storage) promoted by the Ministry of Mines and Energy. This collaboration combines CATL’s advanced energy storage solutions with Moura’s deep local expertise, with the support of a second strategic partner that holds the No. 1 market share in PCS/inverters in the country, aiming for localized production that complies with the auction’s local content requirements.

The partnership builds on CATL’s strong and growing foothold in Brazil, where the company already holds a 45% market share in energy storage. Its project portfolio spans utility transmission, agriculture, cold-chain logistics, and industrial facilities, including the landmark Registro project. As Brazil’s first utility-scale battery energy storage system in the transmission sector, Registro has reliably supported a critical substation serving 15 cities and some 2 million residents since its commissioning in December 2022.

CATL’s local commitment extends across the full lifecycle of its storage assets. Its South American service network includes five senior storage experts and more than 140 certified engineers, enabling a tiered response framework: one-hour remote support, two-day on-site dispatch, and five-day cross-regional expert escalation. Dedicated regional inventory, backed by four global core warehouses and over 50 front-end stocking points, guarantees core spare parts availability for up to 20 years. CATL also offers standardized training through its South American facility in Santiago, Chile, and operates regional recycling channels for compliant transport, dismantling, and material recovery at end of life.

Bringing Global Excellence and Recognized Bankability to Brazil


CATL’s industry leadership has recently been underscored by three of the world’s most influential energy sector evaluators. S&P Global Energy named CATL a Tier 1 supplier in both energy storage battery cells and systems for 2026, ranking it first globally by market share in each category. Wood Mackenzie awarded CATL an “A” grade and placed it among the top 3 in its inaugural Global BESS Integrator Comprehensive Ranking. BloombergNEF has included CATL on its Tier 1 Energy Storage List for 11 consecutive quarters since the ranking’s inception in Q1 2024. Together, these endorsements validate CATL’s comprehensive strengths in long-term reliability, stable delivery, and bankability across global markets.

This industry recognition is backed by strong financial and shipment performance. CATL’s energy storage battery system revenue reached RMB 53.26 billion (approximately $7.9 billion) in the first half of 2026, up 87.54% year on year. According to SNE Research, the company shipped 125.0 GWh of ESS batteries in the period, capturing the world’s largest market share.

Recent project successes further demonstrate CATL’s full-lifecycle delivery capability. In May 2026, CATL and Solarpro brought online a 602 MWh project in Burgas, Bulgaria, now Eastern Europe’s largest operational battery storage facility. In Australia, the Supernode project reached Stage 2 commercial operation in August 2026, while Stage 3 secured A$469 million in debt financing; CATL is supplying systems across all stages and providing long-term O&M support. In the United States, the 380 MW / 1,416 MWh Gemini solar-plus-storage project has been operational since July 2024 and completed US$760 million in refinancing in March 2026, a clear sign of investor confidence in CATL-equipped assets.

Noah Holdings Limited Announces Changes to the Board and Board Committees

SINGAPORE, Aug. 29, 2026 /PRNewswire/ — Noah Holdings Limited (the “Company” or “Noah”) (NYSE: NOAH and HKEX: 6686), a leading and pioneer wealth management service provider offering comprehensive one-stop advisory services on global investment and asset allocation primarily for global Chinese high-net-worth investors, today announced changes to its board of directors (the “Board”) and the composition of its Board committees.

Noah has appointed Ms. Tianjing Zhang as an independent director (a non-executive director for purposes of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “Hong Kong Listing Rules”), effective August 29, 2026. Ms. Cynthia Jinhong Meng will retire as an independent director upon the expiration of the independent director agreement entered into between her and the Company at the end of August 28, 2026, after three years of service. Ms. Meng’s departure did not result from any disagreement with the Company and the Board expresses its sincere gratitude for her invaluable contribution during her tenure.

Mr. David Zhang has served as our independent director since June 2024 under applicable U.S. regulations, and, for purposes of the Hong Kong Listing Rules, a non-executive director. The Corporate Governance and Nominating Committee conducted a comprehensive assessment of the independence of Mr. David Zhang under Rule 3.13 of the Hong Kong Listing Rules, including the circumstances contemplated under Rules 3.13(3) and 3.13(7). In particular, they considered, among other matters, that the two-year cooling-off period contemplated under Rule 3.13(3) had expired before Mr. Zhang provided his confirmation of independence and that more than two and a half years had elapsed since he retired from Kirkland & Ellis in January 2024. They also considered that Mr. Zhang has not held any executive or management position within the Company or its subsidiaries and that his involvement has been limited to Board-level and Audit Committee oversight. After considering all relevant facts and circumstances and Mr. Zhang’s confirmation of independence, the Board and the Corporate Governance and Nominating Committee are satisfied that he is independent for purposes of Rule 3.13 of the Hong Kong Listing Rules and he has been re-designated as an independent Director under the Hong Kong Listing Rules, with effect from August 29, 2026. The Board is confident that Mr. Zhang’s expertise in cross-border securities offerings, U.S. and Hong Kong capital markets and dual-listed company governance will strengthen the Board’s independent oversight and committee functions.

In connection with Ms. Meng’s retirement and the appointment and/or re-designation described above, the Board has resolved to change the composition of its committees with effect from August 29, 2026. The Audit Committee shall comprise Ms. Xiangrong Li as Chairperson, Mr. David Zhang and Ms. Tianjing Zhang as members. The Compensation Committee shall comprise Ms. May Yihong Wu as Chairperson, Mr. Boquan He and Ms. Xiangrong Li as members. The Corporate Governance and Nominating Committee shall comprise Ms. Jingbo Wang as Chairperson, Ms. May Yihong Wu and Mr. David Zhang as members.

Ms. Tianjing Zhang has nearly two decades of experience in cross-border disputes, regulatory investigations, crisis management, compliance and international legal risk management. She has served as head of international business of HOZU Capital since May 2025, where she focuses on assessing and underwriting international arbitration and litigation matters and makes investment recommendations. From January 2012 to April 2025, Ms. Zhang practiced at Kirkland & Ellis International LLP and served as managing partner and chief representative of its Shanghai office before her resignation. During her tenure, she led the firm’s China cross-border dispute resolution and government, regulatory and investigations practice, representing global clients in complex multi-jurisdictional litigation and government-led and internal investigations. Before joining Kirkland & Ellis International LLP, she practiced at Holland & Knight LLP in San Francisco from April 2008 to December 2011, and appeared before U.S. federal and state courts.

Ms. Zhang holds a Juris Doctor degree from The University of Texas School of Law, a Master of Arts degree in political science (international relations) from Georgetown University and a Bachelor of Laws degree in international law from China Foreign Affairs University. She is admitted to practice law in the State of California, U.S. Ms. Zhang was named “Leading Lawyer of the Year” at The Legal 500 China Awards 2023 and has also been recognized by The Legal 500 Asia Pacific, Chambers and Partners and Benchmark Litigation Asia-Pacific.

Ms. Jingbo Wang, co-founder and chairwoman of Noah, commented, “I would like to express my sincere gratitude to Ms. Meng for her contributions to Noah where her dedication and guidance was instrumental in strengthening our governance framework. I wish her all the best in her future endeavors. I’d also like to extend a warm welcome to Ms. Tianjing Zhang where I am confident her extensive legal and regulatory experience will prove invaluable in shaping our future strategic direction. I am also pleased that Mr. David Zhang has been re-designated as an independent director under the Hong Kong Listing Rules, reflecting the Board’s confidence in his independence and expertise. These changes strengthen the Board’s legal, regulatory, capital markets and corporate governance expertise, broaden its diversity of perspectives and reinforce our commitment to the highest standards of corporate governance.”

ABOUT NOAH HOLDINGS LIMITED

Noah Holdings Limited (NYSE: NOAH and HKEX: 6686) is a leading and pioneer wealth management service provider offering comprehensive one-stop advisory services on global investment and asset allocation primarily for global Chinese high-net-worth investors. Noah’s American depositary shares, or ADSs, are listed on the New York Stock Exchange under the symbol “NOAH,” and its shares are listed on the Main Board of the Hong Kong Stock Exchange under the stock code “6686.” One ADS represents five ordinary shares, par value $0.00005 per share. 

In the first half of 2026, Noah distributed RMB40.4 billion (US$6.0 billion) of investment products. Through Gopher Asset Management and Olive Asset Management, Noah had assets under management of RMB140.9 billion (US$20.8 billion) as of June 30, 2026.

Founded in 2005, the firm pioneered a business model combining wealth management and asset management and has continued to build its international platform over the years. As of June 30, 2026, Noah had 469,987 registered clients. The Company reports its operations under six business segments — Mainland China public securities (Noah Upright), Mainland China asset management (Gopher Asset Management), Mainland China insurance (Glory), International wealth management (ARK Wealth Management), International asset management (Olive Asset Management), and International insurance and comprehensive services (Glory Family Heritage) — plus headquarters. As of June 30, 2026, Noah had established branches and service capabilities across mainland China, Hong Kong, Singapore, Japan, and key U.S. markets, including New York, Los Angeles, and Silicon Valley, reflecting its international operating footprint. 

For more information, please visit Noah’s investor relations website at ir.noahgroup.com.

SAFE HARBOR STATEMENT

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,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. Noah may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in announcements, circulars or other publications made on the website of The Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”), 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 Noah’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. These statements include, but are not limited to, estimates regarding the sufficiency of Noah’s cash and cash equivalents and liquidity risk. A number of factors could cause Noah’s actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: its goals and strategies; its future business development, financial condition and results of operations; the expected growth of the wealth management and asset management market in China and internationally; its expectations regarding demand for and market acceptance of the products it distributes; investment risks associated with investment products distributed to Noah’s investors, including the risk of default by counterparties or loss of value due to market or business conditions or misconduct by counterparties; its expectations regarding keeping and strengthening its relationships with key clients; relevant government policies and regulations relating to its industries; its ability to attract and retain qualified employees; its ability to stay abreast of market trends and technological advances; its plans to invest in research and development to enhance its product choices and service offerings; competition in its industries in China and internationally; general economic and business conditions in China; and its ability to effectively protect its intellectual property rights and not to infringe on the intellectual property rights of others. Further information regarding these and other risks is included in Noah’s filings with the U.S. Securities and Exchange Commission and the Hong Kong Stock Exchange. All information provided in this press release and in the attachments is as of the date of this press release, and Noah does not undertake any obligation to update any such information, including forward-looking statements, as a result of new information, future events or otherwise, except as required under the applicable law.

CASEKOO Launches New iPhone Case Colorways: Gentle Blue & Cherry Lush

NEW YORK, Aug. 29, 2026 /PRNewswire/ — As the fall season approaches, CASEKOO, the design-led lifestyle accessories brand trusted by over 17 million users worldwide, today debuts two striking new colorways for its Fall iPhone case collection: Gentle Blue and Cherry Lush. The launch celebrates CASEKOO’s own interpretation of the two most discussed new iPhone color directions by public while offering Apple fans a fresh way to express their style — whether they’re upgrading their device this year or giving an older device a vibrant new look.

Top Left: Gentle Blue, Bottom Right: Cherry Lush, Top Right: Silver Ease.
Top Left: Gentle Blue, Bottom Right: Cherry Lush, Top Right: Silver Ease.

A Nod to Fashion, Powered by Innovation

Gentle Blue pays homage to one of the most unforgettable color moments in Apple history — the timeless elegance of the beloved light blue iPhone color first introduced with iPhone 13 Pro and Pro Max. Cherry Lush, meanwhile, captures the bold, playful energy of the season — a dark cherry iPhone color that’s rich and expressive.

With CASEKOO’s MagicStand™ and ClipSafe™ technology, this Gentle Blue and Cherry Lush is reimagined for a new generation of iPhone users, blending soft understanding with rich expression. The two new hues reflect CASEKOO’s commitment to helping consumers stay ahead of the curve, offering on-trend colors that complement the latest phone color trends.

Two Finishes, Two Ways to Go Hands-Free

The new iPhone color directions are available across CASEKOO’s signature collections — the glossy Halo series and the matte Frost series — giving users the freedom to choose the finish that best fits their personal aesthetic. Both series are engineered for the way people actually live. Drop protection is military‑grade, with SGS‑certified airbag structures built into the four corners to withstand 8‑foot drops from 26 different angles. Yet the most effective protection is prevention — and that’s precisely what StandKOO and LinKOO deliver.

For users who want a hands‑free iPhone case with a built‑in stand, StandKOO integrates CASEKOO’s MagicStand™, providing stable portrait and landscape viewing for video calls, streaming, reading, and everyday desk use. By keeping your phone securely propped on flat surfaces or firmly in your grip, it reduces accidental slips before they happen. For users looking for a crossbody or wrist‑strap iPhone case, LinKOO features CASEKOO’s patented ClipSafe™ system — a foldable built‑in attachment point designed for lanyards, wrist straps, and compatible accessories. It folds flat when not in use, helping keep the case slim, while the included strap keeps your phone tethered to you — so even if it slips from your hand, it never hits the ground. Together, StandKOO and LinKOO form a hands‑free system built on prevention — keeping your iPhone safe before a drop ever happens, from life in motion to moments of focus.

A Lifestyle, Bold and Expressive

For CASEKOO, a phone case has never been just an accessory. It’s a lifestyle — bold, expressive, playful, and proud. The new Gentle Blue and Cherry Lush colorways embody that spirit, inviting users to make a statement without saying a word.

As the brand steps into its second decade, CASEKOO invites consumers to witness its continued growth — a journey built on deep heart, GRS-certified craftsmanship that helps the planet grow greener from the very beginning, obsessive attention to “invisible details,” advanced anti-yellowing technology that keeps the case back crystal clear over time — so your iPhone’s original colors always shine through, turning your device into a genuine canvas for your personal identity and lifestyle, and an unwavering belief that technology should support life, not interrupt it.

About CASEKOO

CASEKOO is a design-led lifestyle accessories brand built around a simple idea: freeing your hands in everyday life. Guided by the philosophy of “Less Effort, More Living,” the company has sold more than 20 million phone cases across 32 countries, building a global community of over 17 million users. From its breakthrough StandKOO MagicStand™ to the revolutionary LinKOO ClipSafe™ system, CASEKOO continues to redefine what a phone case can be — not just protection, but liberation.

Which CASEKOO case is better for an understated look? The new Gentle Blue and Cherry Lush colorways are available now at CASEKOO’s official channels here.

Media Contact:

Charlotte Yu
brandteam@casekoo.com

TestMu Conference 2026: TestMu AI’s Flagship Event Marks a New Milestone in the World of Agentic Engineering and Quality

Over 75,000 Registrations, 145 Speakers, and Unprecedented Insights into the Future of Agentic Software Development and Autonomous Quality

SAN FRANCISCO and NOIDA, India, Aug. 29, 2026 /PRNewswire/ — TestMu AI (formerly LambdaTest), the world’s first Agentic AI-powered Quality Engineering platform, concluded the fifth edition of the Testµ (‘TestMu’) Conference 2026, a 3-day virtual summit to discuss the future of agentic engineering and quality, and establish a clear, actionable vision for the industry’s shift to autonomous software development.

The conference had a massive global convergence of talent and ideas, attracting over 75,000 registrations from testers, developers, engineering leaders, AI/ML engineers, and community members from the software testing and development community across 120+ countries. The event saw outstanding engagement, with 10,000+ attendees, underscoring the critical importance of the topics and the conference’s role as an essential forum for the world’s top engineering talent.

The agenda was driven by a historic gathering of industry titans and enterprise leaders from the world’s most innovative companies, including Microsoft, Meta, Replit, Databricks, Glean, Hinge Health, Salesforce, Piramal Finance, and others. The speaker roster featured Luis Héctor Chávez, Chief Technology Officer, Replit; Francesca Lazzeri, Principal Group Director, Microsoft; Thomas Dohmke, Co-Founder and CEO, Entire; Dona Sarkar, Chief Troublemaker – Microsoft Enterprise AI Advocacy, Microsoft; Rushabh Mehta, Software Engineer, Meta; Nilesh Dalvi, Engineering Leader, Glean; Rashi Agrawal, Head of AI, Hinge Health; Viktoria Semaan, Principal Technical Evangelist, Databricks; and many others.

Three core industry imperatives emerged from the summit’s 96 sessions, panels, and workshops. First, trust must be engineered, not assumed, as AI agents take on a growing share of the engineering workload, rigorous evals, verification layers, and continuous validation are the only way to make autonomous systems trustworthy at scale. Second, agentic workflows must graduate from pilots to production, enterprises need production-grade quality gates, observability, and governance to move AI-driven engineering beyond experimentation and into mission-critical delivery. Finally, the human quality layer will define the winners of the agentic era, engineering leaders must build the culture, skills, and operating models that allow teams to adopt, supervise, and genuinely trust AI coworkers.

“This year, Testµ (TestMu) Conference marked the moment the industry moved from talking about agentic AI to engineering it responsibly,” said Asad Khan, CEO and Co-Founder of TestMu AI. “Across three days, we saw the world’s best engineering minds converge on a shared conviction: autonomous systems demand autonomous quality. The conversations and innovations unveiled here will define how software is built, tested, and shipped for the next decade. Our commitment is to continue empowering this community with the platform and vision needed to lead the agentic era.”

The conference was supported by a rich ecosystem of partners, including Accenture, Capgemini, LTIMindtree, Microsoft, Persistent, Wipro, and many others.

Building on this monumental success, TestMu AI has announced that the sixth annual Testµ Conference will return from August 24-26, 2027, promising to once again gather the world’s brightest minds to push the boundaries of technology.

To learn more, visit: https://www.testmuai.com/testmuconf-2026/

Register for TestMu Conference 2027 here: https://www.testmuai.com/testmuconf-2027/ 

About TestMu AI
TestMu AI (Formerly LambdaTest) is a Full-Stack Agentic AI Quality Engineering platform that empowers teams to test intelligently and ship faster. Engineered for scale, it offers end-to-end AI agents to plan, author, execute, and analyze software quality. AI-native by design, the platform enables testing of web, mobile, and enterprise applications at any scale across real devices, real browsers, and custom real-world environments.

For more information, visit www.testmuai.com

Media Contact
Nikhil Saxena
Corporate Communication Manager
TestMu AI
nikhils@testmuai.com
+919870981968

China International Big Data Industry Expo 2026 opens in Guiyang

GUIYANG, China, Aug. 29, 2026 /PRNewswire/ — This is a news report from Guizhou Daily:

China International Big Data Industry Expo 2026 opens in Guiyang
China International Big Data Industry Expo 2026 opens in Guiyang

The 2026 China International Big Data Industry Expo officially kicked off in Guiyang, capital city of southwest China’s Guizhou Province, on August 28. As a state-level influential digital industry event, the expo has grown into a key platform for technological exchange, industrial docking and innovative achievement transformation in the global big data sector. With the theme of “Token: A New Path to Value of Data Elements”, the expo is built around five core themed sections, namely computing power infrastructure, data supply, model-driven development, security assurance and intelligent experience, bringing together over 300 high-quality exhibitors covering artificial intelligence, cloud computing, data security and digital application sectors from home and abroad.

For domestic industrial collaboration, the event has joined hands with four distinctive industrial parks to organize targeted special trade and matchmaking sessions, aiming to accurately connect upstream and downstream industrial resources. Meanwhile, it has also partnered with more than 30 overseas enterprises to carry out a series of cross-border exchange and docking activities, further boosting international cooperation, resource sharing and business expansion in the big data sector.

As the permanent host of the China International Big Data Industry Expo, Guiyang and the adjacent Gui’an New Area have long been committed to developing the big data industry and building a world-class digital industrial cluster. Up to now, the region has aggregated 26 large-scale or above data centers, with its total computing power capacity exceeding 174 EFLOPS. Intelligent computing accounts for over 98% of the overall computing power, and the average Power Usage Effectiveness (PUE) of local data centers stands at a low level of 1.19, reflecting outstanding efficiency and green, low-carbon operation advantages in national digital infrastructure development. Driven by the booming big data industry cluster, the revenue of the software and information technology services industry in the area has surpassed 100 billion yuan, marking a solid leap onto the 100-billion-yuan industrial development stage and laying a solid foundation for the sustained and high-quality development of China’s digital economy.

 

LifeTech Scientific Corporation Announces 2026 Interim Results

HONG KONG, Aug. 29, 2026 /PRNewswire/ — LifeTech Scientific Corporation (“LifeTech” or the “Company”, together with its subsidiaries, the “Group”, stock code: 1302.HK), a medical device company specializing in minimally invasive interventional solutions for cardio-cerebrovascular and peripheral vascular diseases, today announced its unaudited consolidated results for the six months ended 30 June 2026 (the “Reporting Period”).

  • The Group achieved revenue of approximately RMB600.8 million during the Reporting Period.
  • Gross profit was approximately RMB465.9 million, while gross profit margin increased 3.9 percentage points to approximately 77.5% for the six months ended 30 June 2026. Excluding certain non-recurring items[1], net profit attributable to owners of the Company was approximately RMB114.8 million, during the Reporting Period.
  • As at 30 June 2026, the Group’s cash and cash equivalents amounted to approximately RMB953.8 million, representing an increase of approximately 32.6% compared with 31 December 2025.

Note [1]: Such non-recurring items include (i) the other losses arising from financial assets at fair value through profit or loss; (ii) the share-based payment expenses; and (iii) the transaction expenses in connection with a proposed transaction involving the conditional acquisition of equity interest in Starway Medical Technology, Inc. and the issue of convertible bonds, which the Board has resolved not to proceed with.

Tackling Domestic-market Challenges, Fueling Overseas Revenue Growth

In the first half of 2026, the Group maintained a sharp focus on addressing unmet clinical needs worldwide, leveraging its synergies in branding, intellectual property, distribution networks, clinical registration, and global operations. With an increasingly diversified and refined innovative product portfolio, complemented by professional academic services, the Group steadily consolidated its foundation for long-term growth.

China’s mainland remained the largest market of the Group, where the revenue generated accounted for approximately 69.6% of the total revenue during the Reporting Period.

Meanwhile, our overseas business maintained its upward momentum. The overseas sales of the Group grew by approximately 4.1% (approximately 8.2% in USD) year-on-year. Asia (excluding China’s mainland) and Europe were the two largest overseas markets of the Group, which accounted for approximately 10.3% and 12.6%, respectively, of the total revenue of the Group for the six months ended 30 June 2026.

Long-term Focus, Deep Roots in Core Markets

Structural Heart Diseases Business
The Group has established a diversified product portfolio in the Structural Heart Diseases (SHD) business, mainly including LAA occluders and three generations of congenital heart diseases occluders, aiming to address various market demands through differentiated product strategies.

During the Reporting Period, the sales contributed by the SHD business were approximately RMB200.1 million.

Continuous technological innovation and product upgrades will further enrich the SHD product portfolio of the Group and enhance its global sales layout.

Peripheral Vascular Diseases Business
The Group is committed to providing patients worldwide with technology-leading systematic and comprehensive interventional medical devices solutions to treat Peripheral Vascular Diseases (PVD).

The products offered by the Group in the PVD business mainly include vena cava filters, thoracic aortic aneurysm stent grafts, abdominal aortic aneurysm stent grafts, iliac artery bifurcation stent grafts, aortic stent graft systems, aortic arch stent graft systems and thoracoabdominal aortic stent graft systems.

During the Reporting Period, the sales contributed by the PVD business were approximately RMB400.7 million, representing a year-on-year growth of approximately 2.3%, of which the revenue generated from the sales of stent grafts and vena cava filters increased by approximately 2.9% and 2.6% year-on-year, respectively.

Cardiac Pacing and Electrophysiology Business
The Group recorded no sales contribution from its cardiac pacing and electrophysiology business during the Reporting Period.

R&D and Commercialization Progress

The Group adheres to independent innovation, aiming to provide medical devices that deliver outstanding clinical value for physicians and patients worldwide, while continuously enhancing its long-term competitiveness.

During the Reporting Period, the Group invested approximately RMB167.1 million in research and development (including capitalized expenditure). This investment will further enhance our innovation capabilities, accelerate the development and commercialization of our products, as well as to sustain our industry‑leading position.

During the six months ended 30 June 2026, we have achieved the following milestones in the R&D field:

  • Iliac Bifurcation Device (consisting of the G-iliac™ Pro Iliac Bifurcation Stent Graft System and SilverFlow™ Pro Internal Iliac Stent Graft System) and Peripheral High Pressure Balloon Dilatation Catheter have obtained the National Medical Products Administration (“NMPA”) certification;
  • G-iliac™ Iliac Bifurcation Stent Graft System and SilverFlow™ Internal Iliac Stent Graft System have obtained the CE MDR (Medical Device Regulation) certification;
  • Cera™ PFO Occluder, CeraFlex™ PFO Occluder, FuStar™ Steerable Introducer, SeQure™ Snare System and SteerEase™ Introducer have obtained the CE MDR certification. Such products have previously obtained the CE MDD (Medical Device Directive) certification;
  • Cera™ PFO Occluder, Yuranos™ Pro Abdominal Aortic Stent Graft System and Constraining Structure PTA Balloon Catheter, etc. are pending registration approval in China;
  • Aortic Stent Graft System (consisting of the Ankura™ Pro Aortic Stent Graft System and Longuette™ Aortic Branch Stent Graft System), Fitaya™ Vena Cava Filter System, Futhrough™ Stent Graft Balloon Catheter, Yuranos™ Abdominal Aortic Stent Graft System, Thoracoabdominal Artery Stent Graft System (consisting of the G-Branch™ Thoracoabdominal Aortic Stent Graft System, SilverFlow™ PV Peripheral Vascular Stent Graft System, G-Branch™ AE Main Body Extension Stent Graft System, G-Branch™ AAA Bifurcated Stent Graft System and G-Branch™ IE Iliac Extension Stent Graft System) and Aortic Arch Stent Graft System (consisting of the Ankura™ Plus Aortic Arch Stent Graft System and CSkirt™ Aortic Arch Branch Stent Graft System) are pending registration approval of CE certification;
  • X-Clip™ Mitral Valve Clip System and Nitinol Patent Ductus Arteriosus Occluder are currently at the stage of pre-registration clinical enrollment in China;
  • CS™ Concave Supra-arch Branched Stent-Graft System and SureCham™ Aortic Arch Single Branch Stent Graft System (consisting of the Aortic Arch Stent Graft System and Aortic Branch Stent Graft System) have completed pre-marketing clinical enrollment and are currently under clinical follow-up in China;
  • IBS Titan™ Sirolimus-Eluting Iron Bioresorbable Peripheral Scaffold System is currently at the stage of clinical enrollment in China and in Europe, and its CE registration application has been submitted;
  • IBS™ Sirolimus-Eluting Iron Bioresorbable Coronary Scaffold System has successfully completed the five-year follow-up of the phase I clinical study and the three-year follow-up of the phase II and III clinical study, further confirming its safety and efficacy. Additionally, its CE and NMPA registration application have been submitted; and
  • CS™ Concave Supra-arch Branched Stent-Graft System has been admitted into the NMPA Special Examination and Approval Procedure for Innovative Medical Devices, which is the 17th product of the Company to have obtained admission to the Procedure.

Intellectual Property Rights

Intellectual property is an important intangible asset of the Group and also an internal driving force to improve our core competitiveness in the medical device market. As at 30 June 2026, the Group has filed a total of 2,608 valid patent applications, of which 1,370 patents were registered and valid.

The Chairman and CEO of LifeTech, Mr. XIE Yuehui Said:
In the first half of 2026, the global medical device industry continued to undergo profound transformation. Despite external volatility posing certain challenges to the Group’s short-term operations, we remained steadfast in our strategic focus, deepened our presence in core markets, and drove differentiated competition through technological innovation. Our product sales mix continued to improve, and all operational activities proceeded in an orderly manner.

Guided by our two core development strategies of “innovation” and “internationalization”, we will accelerate breakthroughs in key technologies through forward-looking initiatives, further refine our systematic disease solutions, and leverage a more complete, diverse, and efficient portfolio of innovative products to steadily expand our global footprint and consolidate our industry‑leading position, thereby maintaining robust resilience amid the ongoing transformation and evolution of the global medical device sector.

The global healthcare industry holds vast prospects. Looking ahead, we will continue to focus on technological advancement and operational efficiency optimization. Leveraging our strong R&D capabilities, robust industrialization capacity, and outstanding global operation and management expertise, we aim to seize opportunities and address challenges to pursue sustainable and high‑quality growth, creating long‑term value for patients, healthcare institutions, shareholders, and all other stakeholders with unwavering dedication.

About LifeTech Scientific Corporation

Established in 1999 in Shenzhen, China, LifeTech Scientific Corporation (Stock Code: 1302.HK) specializes in the R&D, manufacturing, and sales of minimally invasive interventional medical devices for the treatment of cardio-cerebrovascular and peripheral vascular diseases. The Company offers innovative solutions for structural heart diseases, peripheral vascular diseases, bradycardia, and neurovascular conditions. It also possesses the world’s first innovative iron-based bioabsorbable material technology platform. Guided by the core strategy of “innovation” and “internationalization”, LifeTech maintains a leading market position for its key products in the home country and has established 7 subsidiaries overseas, extending its sales network to nearly 120 countries and regions worldwide.

 

Fosun International: ClubMed Lifestyle Group Submits Listing Application to the Hong Kong Stock Exchange

  • ClubMed Lifestyle Group’s revenue reached EUR1.95 billion in 2025.
  • Adjusted EBITDA reached EUR 390 million in 2025, with the adjusted EBITDA margin rising to 20.2% in 2025.
  • ClubMed Lifestyle Group expects to operate approximately 85 resorts worldwide by 2030.
  • Upon completion of the proposed listing, proceeds from the proposed listing will be used primarily to expand its global resort network, upgrade its vacation offerings, and strengthen its digital and AI capabilities.

HONG KONG, Aug. 29, 2026 /PRNewswire/ — According to an announcement published by Fosun International Limited, ClubMed Lifestyle Group, a subsidiary of Fosun International Limited, has submitted a listing application to the Hong Kong Stock Exchange for its proposed separate listing on the Main Board. The joint sponsors are BNP Paribas, HSBC and J.P. Morgan, in alphabetical order.

According to the listing application materials, ClubMed Lifestyle Group operates premium all-inclusive resorts with Club Med as its core brand. It also expands its vacation offerings including Integrated Vacation Destinations and Cultural-Tourism Complexes through an asset-light model, as it continues to build diversified vacation lifestyles.

Global Leader in High-Quality Vacation Lifestyles Pursues Hong Kong Listing

Club Med is the core brand of ClubMed Lifestyle Group. According to the listing application materials, Club Med was the world’s largest all-inclusive resort brand by revenue in 2025, ranking first in both Europe, the Middle East and Africa (EMEA) and Asia-Pacific. By number of resorts in 2025, Club Med is also the world’s largest mountain and ski resort brand.

To date, Club Med has established a global sales network spanning six continents and more than 40 countries and regions. It operates 69 premium resorts worldwide across a diverse range of destinations, including mountain and ski locations and sun-and-beach destinations. It is also the only resort brand with a presence in all four of the world’s major ski destinations.

According to the listing application materials, ClubMed Lifestyle Group’s revenue increased from EUR1.86 billion in 2023 to EUR1.95 billion in 2025, while gross profit rose from EUR 540 million to EUR 590 million. Adjusted EBITDA reached EUR 390 million in 2025, with the adjusted EBITDA margin rising to 20.2% in 2025. Club Med completed the premiumization of its entire portfolio in 2024, and its premium product portfolio has continued to deliver pricing benefits.

In 2026, Club Med was named to TIME’s list of the 100 Most Influential Companies in the world, becoming the only hotel and resort brand included that year.

In addition, leveraging Club Med’s brand influence and global operating capabilities, ClubMed Lifestyle Group expands its vacation offerings through an asset-light model, as it continues to build diversified vacation lifestyles. In terms of market size, the global vacation lifestyle market is expected to grow from USD 2.5 trillion in 2025 to USD 3.5 trillion in 2030.

Proceeds from the proposed listing will be used for the expansion and upgrade of its global resort business

The global vacation lifestyle industry is not only continuing to grow but is also evolving towards more integrated vacation offerings. In particular, consumer preferences are shifting from sightseeing to leisure travel, while spending power and expenditure on experiential consumption continue to increase. With the emergence of new technologies such as AI and digitalisation, the range of integrated vacation products and services available to consumers is also becoming increasingly diversified.

As a pioneer and leader of both “Lifestyle Vacation” and “Everyday Vacation”, ClubMed Lifestyle Group possesses distinctive advantages and core competitiveness in developing high-quality leisure vacation lifestyles.

ClubMed Lifestyle Group has a 76-year brand heritage, a premium all-inclusive resort model and a distinctive G.O. (Gentils Organisateurs, or “Gracious Organisers”) culture. These qualities enable the Group to provide guests with immersive vacation experiences characterised by active participation and emotional connection.

According to the listing application materials, ClubMed Lifestyle Group plans to accelerate its expansion into premium tourism destinations around the world, including the Alps, the southern Mediterranean, North Africa, Northeast Asia, Southeast Asia, North America and the Caribbean, and South America while exploring emerging markets such as the Middle East. ClubMed Lifestyle Group expects to operate approximately 85 resorts worldwide by 2030.

Upon completion of the proposed listing, the proceeds from ClubMed Lifestyle Group’s proposed listing will be used primarily to expand its global resort network, upgrade its vacation offerings, and strengthen its digital and AI capabilities. The remaining proceeds are expected to be used to optimise its capital structure and support its day‑to‑day business operations.

Xu Xiaoliang, Chairman of ClubMed Lifestyle Group said: “The submission of the listing application in Hong Kong marks an important milestone for Fosun’s tourism business as it moves towards value creation. Going forward, we will take Club Med as our core brand to accelerate the development of the global high-quality resorts. We aim to make happy holidays a lifestyle that transcends borders, and to realise our vision that ‘Better Vacation, Better Life’.”

Disclaimer

This announcement is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States or in any other jurisdiction. The securities referred to in this announcement have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”), and may not be offered or sold in the United States absent registration under the U.S. Securities Act or an applicable exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act. No public offering of securities will be made in the United States.