HONG KONG, July 22, 2026 /PRNewswire/ — Newborn Town, a leading global social entertainment company, released its unaudited operating data for the first half of 2026.

For the six months ended 30 June 2026, the company’s total revenue is estimated to reach US$595 million to US$615 million, representing a year‑on‑year increase of approximately 34.3% to 38.8%, continuing a strong growth momentum. Revenue from social networking business amounted to approximately US$530 million to US$545 million, representing a year-on-year increase of approximately 34.2% to 38.0%. Revenue from innovative business recorded approximately US$65 million to US$70 million, representing a year-on-year increase of approximately 35.4% to 45.8%. This is the first time the company has presented its operating data in United States dollar.

Rapid Growth in Social Networking Business as Flagship Products Expand Globally

According to the announcement, revenue from social networking business continued to grow, mainly driven by the company’s ongoing global expansion and full‑chain AI applications, supporting the steady growth of its flagship products.

Since the beginning of the year, the company has continued to expand its global footprint around its core social networking business, maintaining its leading position in various markets such as MENA and Southeast Asia, while accelerating expansion into high-growth and high-value markets including Latin America, Japan, South Korea, Europe and the United States, further reinforcing its position as a leading player in the global social entertainment industry.

The company’s flagship products have made positive progress in new market expansion. TopTop continues to leverage its UGC ecosystem advantage, becoming a household-name app in GCC markets such as Saudi Arabia, and ranking among the top in its category globally. With continually improved product quality and deeper local operations, TopTop made significant progress in high‑value markets such as Japan and Europe. It also entered the iOS Top 10 free casual games in Japan for multiple times during the first half of the year, according to DianDian Data.

The company’s diverse-audience social networking business also maintained steady growth. HeeSay, its global community platform, continued to strengthen its presence in Southeast Asia, consistently ranking among the Top 10 in social app in countries including Vietnam and the Philippines.

A recent research report noted that Newborn Town’s core competitive moat lies in its highly localized and operation‑intensive barriers, its monetization model centered on social spending, and its ability to diversify risk through a “bush-like” portfolio of social apps. Together, these strengths form a differentiated advantage that is difficult for competitors to replicate in the short term.

AI Advancements Fuel Strong Momentum Across Innovation Business

The company’s innovative business delivered strong growth momentum in the first half of the year, primarily driven by the rapid expansion of its short drama business, supported by AI-powered content production and operations.

In the first half of the year, the company steadily advanced its short drama business across multiple global markets, including Europe and the United States, while accelerating the integration of AI technology into short drama production. Playlet, its short-form drama app, continued to broaden its presence in high‑value markets such as the United States, Japan and South Korea, achieving significant growth in its user base. Earlier this year, Playlet became one of the first partner platforms to integrate Seedance 2.0.

According to TikTok’s short drama Q1 revenue report, one of the company’s hit titles ranked second on the platform by first-month revenue. With AI significantly improving short drama production efficiency, Newborn Town is well positioned to capitalize on its strengths in localized operations and user acquisition, while further enriching its social entertainment content ecosystem.

The company’s other innovative businesses also maintained steady progress. Its quality games maintained solid momentum, with flagship titles sustaining long-term operations and generating stable profit contributions, while the commercialization of new titles progressed smoothly. The social e-commerce business continued to deepen its presence in specialized verticals and enhance its product and service capabilities, providing further support for the growth of the innovative business.

In recent years, the company has continued to deepen the application of AI technologies across the entire business chain, spanning R&D and operations, while steadily improving its AI capabilities.

Its self-developed multimodal algorithm model, Boomiix, continues to upgrade, improving the accuracy of social matching and the intelligence of operations.  The company’s Siyu AI, an internal data intelligence platform, significantly shortened turnaround times for data queries, anomaly analysis, and report generation. Its proprietary AI-powered design platform KIVI has also greatly enhanced both the efficiency and diversity of content production, including virtual gifts and marketing creatives.

Alongside strengthening its underlying AI capabilities, the company continued to expand the commercial application of AI. Aippy, an AI-powered gaming community incubated by the company, secured tens of millions of US dollars in independent financing at a post-money valuation of US$250 million. The platform has recorded nearly four million downloads worldwide, with daily active users increasing approximately sixfold since the beginning of the year and user retention ranking among the industry’s strongest.

Meanwhile, NUSD Pay, the company’s AI agent payment initiative, commenced commercial operations, further broadening the range of AI-powered use cases. The company also continued to expand its strategic investment portfolio across the AI sector, investing in projects spanning world models and AI-native game engines, as well as AI interactive gaming and AI-powered advertising and marketing, further strengthening its AI application ecosystem.

During the first half of the year, the company continued its share repurchase and cancellation. In March, Newborn Town announced to allocate approximately HK$ 300 million over the next two years for share repurchases. During the reporting period, the company completed two rounds of share cancellations, involving an aggregate of approximately 10.206 million repurchased shares with total consideration of approximately HK$ 85.126 million. In addition, on July 9, the company announced that it had repurchased shares from the market under the NBT Restricted Share Unit Scheme to support its long-term employee incentive program, for a total consideration of approximately HK$39.838 million.

In March, Newborn Town was officially included in the list of eligible securities under the Stock Connect, further broadening access for mainland investors. Since its inclusion, the company has seen significantly stronger market attention and trading activity, with average trading value increased about twofold compared with the three months prior to inclusion. The company’s shareholder base has continued to diversify, providing a solid foundation for its stable long-term growth.

NEW YORK, July 22, 2026 /PRNewswire/ — SharonAI Holdings Inc. (NASDAQ: SHAZ) and its subsidiaries (“Sharon AI” or “the Company”), a leading Australian Neocloud, today announced the appointment of Mr. Anuj Goel as incoming Chief Financial Officer, strengthening the company’s executive leadership team as it accelerates the expansion of its AI infrastructure platform.

Anuj joins Sharon AI after a distinguished 20-year career at Macquarie, most recently serving as Head of Technology, APAC at Macquarie Capital, where he advised boards, founders and investors on many of Australia’s most significant technology, telecommunications, media and digital infrastructure transactions.

His appointment comes at a pivotal stage in Sharon AI’s growth as the company continues to scale its AI cloud platform and expand its position as a provider of sovereign AI infrastructure.

Sharon AI also announced that Mr. Tim Broadfoot will step down as the incumbent Chief Financial Officer following a successful tenure in which he helped establish the company’s financial foundations. The Board thanks Tim for his significant contribution and wishes him every success in the future. Tim will work closely with Mr. Goel over the next few months to ensure a seamless transition of responsibilities.

As Chief Financial Officer, Mr. Goel will lead Sharon AI’s financial strategy, capital management, corporate development and financial operations, supporting the company’s next phase of growth. Mr. Goel’s first day in the role will be Monday, 24th of August.

Prior to leading Macquarie Capital’s technology practice in the region, Mr. Goel spent six years in Macquarie’s global Venture Capital team evaluating investment opportunities in Europe, North America and the Asia Pacific region. During this time, he developed experience across the investment lifecycle, including deal origination, financial analysis and valuation, business strategy and portfolio management, and supported the growth of companies including PEXA, Temple & Webster, oOh!media and RP Data (now Cotality) from an early stage.

James Manning, Chief Executive Officer and Co-founder of Sharon AI, said:

“Anuj brings an exceptional combination of financial leadership, capital markets expertise and deep knowledge of the technology and digital infrastructure sectors. As Sharon AI continues to scale, his experience advising many of the region’s leading technology businesses and investors will be invaluable as we execute our long-term growth strategy.”

“His appointment further strengthens our executive team and reflects the calibre of leadership we are assembling to build one of the world’s leading AI infrastructure companies. We thank our outgoing CFO, Tim Broadfoot, for his significant contribution and wish him well for the future. Tim will continue to work within Sharon AI for some months in a handover with Anuj.”

Anuj Goel, Chief Financial Officer of Sharon AI, said:

“Artificial intelligence is creating one of the most significant opportunities of our generation, and Sharon AI is uniquely positioned to help meet the growing demand for sovereign AI compute. I’m excited to join the company at such an important stage of its journey and look forward to working with the team to build a disciplined financial platform that supports long-term growth while delivering value for customers, partners and shareholders.”

The appointment of Anuj Goel further strengthens Sharon AI’s leadership team as the company continues to expand its AI cloud platform and invest in the infrastructure required to support the next generation of AI innovation.

Disclosure Information

Sharon AI primarily uses its Investor Relations page (https://sharonai.com/investors/) to disclose material non-public information and to comply with its disclosure obligations under Regulation FD. The Company also notes that, at times, it uses other communication mediums including, but not limited to, its X account (sharon__ai) and/or LinkedIn account (sharon-AI) to disseminate information about the Company, and can be additional sources of information outside press releases, regulatory filings with the SEC and any other conference calls, webcasts, investor days, etc. that the company may hold.

About Sharon AI

Sharon AI, a leading Australian Neocloud, is a High-Performance Computing company focused on Artificial Intelligence and Cloud GPU/CPU Compute Infrastructure. Our AI Cloud platform and compute infrastructure is accelerating the build of AI factories and sovereign AI solutions, powering the next wave of accelerated computing adoption. For more information, visit www.sharonai.com.

Forward-Looking Statements

This press release may contain, and our officers and representatives may from time to time make, “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, which are not historical facts, and which are not assurances of future performance. Forward-looking statements are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. In some cases you can identify these statements by forward-looking words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “could,” “should,” “would,” “project,” “strategy,” “plan,” “expect,” “goal,” “seek,” “future,” “likely” or the negative or plural of these words or similar expressions or references to future periods. Forward-looking statements in this release include specific statements regarding the intended use of proceeds. Examples of such forward-looking statements include but are not limited to express or implied statements regarding Sharon AI’s management team’s expectations, hopes, beliefs, intentions or strategies regarding the future including, without limitation, statements regarding:

• Service and product offerings;
• Receipt and use of proceeds;
• The deployment of assets and expansion of network procurement;
• Sharon AI’s ability to engage with additional potential customers;
• Expansion of Sharon AI’s data center footprint and capacity; and
• The strengthening of Sharon AI’s partner network.

In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. You are cautioned that such statements are not guarantees of future performance and that actual results or developments may differ materially from those set forth in these forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause actual results to differ materially from these forward-looking statements include, among others, all of the risks described in the “Risk Factors” section of the Company’s most recent Annual Report on Form 10-K filed with the SEC and other reports subsequently filed with the SEC. Additional assumptions, risks and uncertainties are described in detail in our registration statements, reports and other filings with the SEC, which are available at www.sec.gov.

The forward-looking statements and other information contained in this news release are made as of the date hereof and Sharon AI does not undertake any obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

Contacts

Media Enquiries
media@sharonai.com

Investor Enquiries
investors@sharonai.com

SINGAPORE, July 22, 2026 /PRNewswire/ — StarHub has been named APAC Service Provider of the Year 2026 by Hewlett Packard Enterprise (HPE), recognising its success in helping enterprises modernise critical infrastructure, and deliver secure, resilient and AI-ready digital transformation.

The HPE Partner of the Year Awards recognise partners that have demonstrated excellence in delivering customer outcomes, driving innovation and creating measurable business impact.

StarHub’s recognition reflects its growing role as a trusted digital transformation partner, helping organisations translate technology investments into measurable business outcomes through its Modern Digital Infrastructure (MDI) platform strategy.

Underpinned by a cloud-native, hybrid multi-cloud architecture, MDI brings together networks, cloud, cybersecurity and clean data on a unified data platform. Combining AI-driven automation, operational intelligence and advanced analytics, it helps organisations modernise infrastructure, strengthen resilience and accelerate innovation for sustainable growth.

Through its MDI strategy and collaboration with HPE, StarHub partnered the National University of Singapore (NUS) to realise the Borderless University vision by implementing a smart, safe and sustainable ubiquitous network. By integrating StarHub’s enterprise networking, solar-powered Wi-Fi and private 5G capabilities, the joint initiative has strengthened digital connectivity and supported more flexible, seamless and secure learning experiences for students and faculty across campus beyond traditional boundaries, in Singapore and overseas.

“As organisations accelerate digital transformation and AI adoption, effective implementation increasingly depends on strong industry expertise, collaboration, and the ability to translate ideas into practical outcomes,” said Tan Kit Yong, Chief, Regional Enterprise, StarHub. “Our collaboration with NUS reflects a shared commitment in supporting digital capabilities that will enhance everyday technology experiences for faculty, researchers, staff and students. This recognition highlights the broader importance of cross-sector collaboration in addressing evolving technology needs.”

For more information, visit starhub.com/managedservices.

Co-developed by leaders across AI, data, media, commerce and blockchain, the Trusted AI Commerce Intelligence Ecosystem gives enterprises a practical way to scale AI with confidence.

SINGAPORE, July 22, 2026 /PRNewswire/ — Synagie, the flagship digital commerce and technology brand of Hong Kong-listed Synagistics Limited (HKEX: 2562), today unveiled Geene 2.0, a Trusted AI Commerce Intelligence Ecosystem (a SaaS platform) designed to help businesses move beyond isolated AI applications towards trusted, scalable business transformation.

While many organisations have adopted AI for content generation, analytics and workflow automation, these capabilities often operate independently, making it difficult to translate intelligence into measurable business outcomes while maintaining governance and accountability.

Geene 2.0 addresses this challenge by bringing together specialised capabilities across data, artificial intelligence, media, commerce and blockchain into a single software-as-a-service platform. Businesses can analyse markets, formulate strategies, generate content, automate operations and verify products through one connected ecosystem.

The platform will be commercially available in early August 2026.

The preview was witnessed by Guest-of-Honour Mr Desmond Tan, Senior Minister of State in the Prime Minister’s Office and Deputy Secretary-General of the National Trades Union Congress (NTUC), alongside more than 200 business leaders, ecosystem partners, customers and invited guests.

Built by Twelve Industry Leaders

Geene 2.0 was co-developed by twelve founding partners, each contributing deep expertise across data, artificial intelligence, commerce, media and blockchain.

Rather than relying on a single vendor to provide every capability, Geene 2.0 combines best-in-class technologies into one coordinated platform, enabling enterprises to deploy AI faster while reducing implementation complexity.

At the heart of the platform is the ecosystem’s proprietary ASSET intelligence engine, which orchestrates every stage of AI-driven commerce through five interconnected intelligence layers:

Together, these five intelligence layers transform AI from standalone tools into a coordinated business capability spanning insight, execution and trust.

The founding partners are:

A Vision for the Next Generation of AI Commerce

Ms Pei Gy Wong, Chief Digital Officer of Synagie Group Asia and Europe, said:  “The next generation of AI will not be won by the companies with the largest models. It will be led by those who can build the greatest trust.

Businesses do not need more AI tools. They need AI they can trust to make better decisions, execute with confidence and deliver measurable business outcomes.

Geene 2.0 reflects our belief that the future of enterprise AI lies in collaboration. By bringing together industry leaders across data, AI, commerce, media and blockchain, we are giving businesses a practical pathway to adopt AI with confidence and at scale.”

Demonstrating the Enterprise Intelligence Ecosystem in Action

Geene 2.0 has already moved beyond concept into commercial deployment through AGONG Durian, a premium Malaysian durian brand supplied and blockchain-tagged by founding partner DU-MAS.

The implementation demonstrates how AI-powered market intelligence, content creation, commerce automation and blockchain verification can operate together in a real business environment to improve operational efficiency while strengthening consumer confidence.

The same framework can be applied across industries including retail, manufacturing, healthcare, consumer goods and luxury products where authenticity, compliance and trust have become increasingly important.

Accelerating Trusted AI Adoption in Singapore

Technology alone is not enough to accelerate AI adoption. Businesses also need access, practical implementation pathways and a workforce equipped with the right skills.

Synagie’s Geene 2.0 is one example of a digital solution that can help companies address common business challenges such as improving operational efficiency, strengthening decision-making, streamlining workflows and enhancing customer engagement. Companies seeking such solutions may explore implementation through the NTUC Company Training Committee (CTC) initiative. Through the CTC Grant, eligible companies can receive up to 70% funding support for projects that drive business transformation and workforce outcomes, including job redesign, skills development and productivity improvements. Workers could also benefit from wage increase, structured career pathways and/or skills allowance.

Synagie is also collaborating with the Singapore Industrial and Services Employees’ Union to strengthen AI readiness for its workers, including PMEs.

Looking Ahead

As enterprise AI adoption accelerates across Asia, Synagie believes the next phase of innovation will be defined by trusted ecosystems rather than standalone AI applications.

By combining intelligence, execution and accountability in one platform, Geene 2.0 provides businesses with a practical foundation to scale AI confidently while positioning Singapore as a leader in responsible enterprise AI innovation.

In the news release, OCEAN RWA FINANCE, SYMPHONY DIGITAL ASSETS AND ALPHA JAGUAR CAPITAL ESTABLISH EARLY BLUEPRINT FOR TOKENISED PRIVATE CREDIT SECONDARY MARKETS ON AVALANCHE, issued 21-Jul-2026 by OCEAN RWA FINANCE over PR Newswire, we are advised by the company that an incorrect media contact was added to the release. The complete, corrected release follows:

OCEAN RWA FINANCE, SYMPHONY DIGITAL ASSETS AND ALPHA JAGUAR CAPITAL ESTABLISH EARLY BLUEPRINT FOR TOKENISED PRIVATE CREDIT SECONDARY MARKETS ON AVALANCHE

• Ocean RWA Finance, Symphony Digital Assets and Alpha Jaguar Capital complete first institutional secondary trade in tokenised private credit, with the position backed by Oceanus Group trade flows. Symphony Digital Assets provided valuation and pricing infrastructure while Alpha Jaguar Capital participated as the secondary buyer.
• Transaction records are anchored to a public blockchain through cryptographic hash references, allowing approved participants to verify that records remain unaltered without requiring confidential invoices, trade documents or counterparty data to be disclosed.
• The position is linked to real-economy trade flows, building on Oceanus Group’s verifiable tokenisation roadmap and demonstrating how tokenised real-world assets can support repeatable, transferable institutional structures.

SINGAPORE, July 21, 2026 /PRNewswire/ — Ocean RWA Finance, Symphony Digital Assets and Alpha Jaguar Capital today announced the completion of a secondary market transaction involving tokenised private credit, with the position linked to Oceanus Group trade flows, marking an early proof point for institutional participation in tokenised real-world assets (RWAs).

This transaction demonstrates how private credit positions can be transferred, reviewed, and verified through digital infrastructure while preserving confidentiality around underlying commercial data.

Tokenised real-world assets have attracted growing institutional interest, but the market has focused more on issuance pilots rather than repeatable transaction infrastructure. For private credit in particular, broader adoption will depend on structures that give institutions confidence in how these positions are valued, transferred and reviewed after issuance. This transaction addresses that gap by combining traditional private market discipline with digital verification tools.

The transaction was originated and structured by Ocean RWA Finance and supported by Symphony Digital Assets through valuation, pricing and secondary market infrastructure. Alpha Jaguar Capital participated as the secondary buyer, while Oceanus Group’s trade flows provided the real-economy context for the private credit position.

To support the transfer and review process, the digital verification framework anchors transaction records to a public blockchain through cryptographic hash references, allowing approved participants to check that records have not been altered, without exposing confidential invoices, trade documents, or counterparty information. This allows institutional participants to review, monitor and transfer private credit positions with greater confidence, while keeping private credit documentation within controlled channels.

“Private credit is entering a new phase,” said Ming, Founder at Ocean RWA Finance. “The opportunity is not simply to tokenize an asset and call it innovation. The opportunity is to build transaction structures that institutions can review, price, transfer, and monitor with more confidence. This transaction is an early step in that direction.”

“For tokenised real-world assets to mature, they need more than blockchain networks,” said Huan Kiat, CEO at Symphony Digital Assets. “They require the market infrastructure to support valuation, pricing, and secondary market transactions, together with the same discipline investors expect in traditional private markets. This transaction shows how those pieces can begin to come together.”

Alpha Jaguar Capital’s acquisition of the position reflects a broader institutional use case for tokenised private credit: giving secondary buyers a clearer basis to evaluate asset quality, review supporting documentation, and participate in private market transactions with improved verification.

“As a secondary buyer, we are focused on asset quality, documentation, and the ability to review the position with confidence,” said Jess Tang, Director at Alpha Jaguar Capital. “Digital verification can help reduce friction in that process, especially as private credit and other real-world assets begin to move into tokenised market structures.”

Advised by Lam Shiao Ning, Managing Director of Rubicon Law, this model establishes a versatile framework for RWA transactions, capable of supporting future applications across private credit transfers, structured trade finance exposures, bridging the gap for institutional adoption by delivering verification, controlled disclosure, and essential secondary liquidity.

Ocean RWA Finance’s tokenisation framework is deployed on Avalanche, leveraging the high-performance architecture to support institutional-grade token issuance and secondary transfers. Blockchain records are used to anchor ownership and verification data, while commercially sensitive documentation remains securely managed off-chain through controlled disclosure mechanisms. Avalanche’s robust RWA ecosystem provides the foundation for institutional-grade tokenization and onchain capital markets.

“Avalanche’s high-throughput architecture and rapid transaction finality provide the underlying infrastructure for token ownership and facilitating secondary transfers while allowing confidential transaction documentation to remain off-chain,” said Justin Kim, Head of Asia at Ava Labs.

The participants intend to build on the framework demonstrated through this transaction by expanding the range of transferable private credit assets, refining institutional verification processes and supporting broader participation in tokenised secondary markets as regulatory and market infrastructure continue to mature.

About Ocean RWA Finance

Ocean RWA Finance is focused on building institutional-grade infrastructure for tokenised private credit and real-world asset transactions. Its work centers on bringing real-economy credit exposures into verifiable digital market structures, with an emphasis on controlled disclosure, secondary transferability, and investor-grade review.

Website: https://www.oceanrwafinance.com/

About Symphony Digital Assets

Symphony Digital Assets, a member of the PhillipCapital Group, focuses on building the technology infrastructure for digital assets and tokenisation. Based in Singapore, it develops capabilities across token creation and lifecycle management, smart contract deployment, investor whitelisting, wallet and custody integration, blockchain connectivity, and API-based system integration. Its mission is to bridge traditional finance with blockchain-based financial markets and support the broader adoption of digital assets.

Website: https://symphonyda.io/

About Alpha Jaguar Capital

Alpha Jaguar Capital Limited is an investment firm specialising in private alternative opportunities, from artificial intelligence to emerging digital asset investment.

About Oceanus Group

Oceanus Group Limited is a Singapore-listed company engaged in global trade and supply chain-related businesses, leveraging technology to drive disciplined capital management and sustainable growth.

Website: https://oceanus.com.sg 

About Avalanche

Avalanche is a high performance blockchain network that provides the reliability, control and scalability required to run real financial systems, and solving real problems at scale.  Ava Labs is a leading blockchain technology company dedicated to empowering organizations to build scalable decentralized applications and custom blockchains on Avalanche.

Website: https://avalanche.com 

About Rubicon Law

Rubicon Law is a boutique law practice with particular expertise in mergers and acquisitions, and fundraising transactions. Alongside its core corporate practice, the firm actively advises clients navigating the evolving digital assets landscape, lending its deep transactional expertise to pioneering projects in tokenization and decentralized finance. Rubicon Law bridges the gap between traditional corporate law and next-generation financial technology.

Website: https://www.rubicon-law.com/ 

Important Notice

This announcement is for information purposes only and does not constitute an offer, invitation, or solicitation to acquire or subscribe for any securities or financial products. Any forward-looking statements are subject to risks and uncertainties. Shareholders and investors are advised to exercise caution and seek independent professional advice when dealing in the securities of the Company.

Media contact: Liu Shanming
HP: +65 89302010
Email: ming@oceanrwafinance.com