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Bybit and Block Scholes Report Finds Fed Outlook Fails to Lift Crypto Derivatives Sentiment

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DUBAI, UAE, Dec. 15, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume has released its latest Crypto Derivatives Analytics Report in collaboration with Block Scholes.

The analysis reviews market conditions surrounding the year’s final Federal Open Market Committee meeting, where policymakers delivered a widely expected 25 basis point rate cut. Chair Jerome Powell’s remarks kept the possibility of either a pause or another cut in January 2026 in play, contributing to a restrained response across crypto markets.

Key Highlights:

Perpetuals: Open interest is still far lower than the levels it plummeted from pre-October 10, and funding rates in leveraged contracts suggest retail traders are still unwilling to re-enter positions in perpetual swap contracts.
Options: Volatility smiles are bearish across the whole term structure for both BTC and ETH with volatility smiles pricing in close to a 5 percent premium for OTM puts over calls for both short-dated and long-dated BTC and ETH options. As such, those waiting for a so-called Santa rally may end up disappointed, at least based on current positioning in derivatives markets.

Block Scholes’ Risk Appetite Index measures the level of euphoria (above 1) or panic (below -1) in the spot market. Momentum in this index shows a strong relationship to spot returns.
Block Scholes’ Risk Appetite Index measures the level of euphoria (above 1) or panic (below -1) in the spot market. Momentum in this index shows a strong relationship to spot returns.

The report highlights minimal shifts in perpetual swap activity, subdued implied volatility and continued skepticism in options positioning. While the Fed conveyed an improved economic outlook, sentiment in crypto derivatives remains cautious. BTC’s spot price is still 28 percent below its all-time high, and options markets continue to price meaningful downside protection. According to the findings, traders have yet to see catalysts strong enough to support a late year resurgence.

Han Tan, Chief Market Analyst at Bybit Learn, said the broader macro backdrop continues to influence crypto market reactions. “The Fed’s policy outlook will frame market reactions to this week’s US jobs report and inflation data releases. Crypto bulls still have their work cut out to get any upside momentum going, considering that digital assets could only muster a tepid response to the final FOMC meeting of 2025, in stark contrast to global equities that surged to new record highs. Merely middling activity across the derivatives complex suggests that the window for a crypto ‘santa rally’ is getting narrower and the bar notably set higher.”

The report concludes that traders are showing limited appetite to re-engage with leverage while options markets continue to indicate caution across short and long horizons. Current positioning suggests a tempered outlook for any year end rebound.

For detailed insights, readers may download the full report.

#Bybit / #TheCryptoArk / #BybitLearn

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: media@bybit.com
For updates, please follow: Bybit’s Communities and Social Media

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HIGHWAY HOLDINGS REPORTS SECOND QUARTER FISCAL YEAR 2026 RESULTS

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HONG KONG, Dec. 15, 2025 /PRNewswire/ — Highway Holdings Limited (Nasdaq: HIHO, the “Company” or “Highway Holdings”) today reported results for the second quarter of fiscal year 2026 and the six months ended September 30, 2025.

Net sales for the second quarter of fiscal year 2026 were $1.18 million compared to $2.11 million in the second quarter of fiscal year 2025. Net loss for the second quarter of fiscal year 2026 was $373,000, or net loss of $0.08 per diluted share, compared with net income of $231,000, or net income of $0.05 per diluted share in the second quarter of fiscal year 2025.

Roland Kohl, chairman, president and chief executive officer of Highway Holdings, noted, “The adverse pressure on our long-term OEM business continues, including a reorganization of one of our customer’s production plants which shifted a substantial part of our motor OEM business to that customer’s own motor manufacturing company in Czechia. We still maintain a smaller portion of this OEM customer’s motor business but the revenue contribution from this customer has been substantially reduced.”

“While this action will result in a substantial reduction of our previous motor OEM business, we are fortunate that at the same time, another OEM customer finally approved the mass production of its motor product. We are in the early ramp-up phase, which will cause a time period with lower motor sales, but this new motor business is expected to eventually compensate for the loss of the other customer’s motor business. Since all of the remaining motor manufacturing shall be performed in China, this will result in a workforce reduction in our Myanmar plant.”

“On the positive side, we recently also received a substantial order from our old gaming industry business customer. We are happy that this prior business was not lost and is coming back strongly. But we still expect a gap in time between the loss of the old business and the new, replacement business.”

“As an OEM supplier, our success remains fully dependent on the success of our customers, with failures having an outsized impact on our business. We continue to evaluate options to ease the dependent, captured situation we are faced with. We have looked at numerous German companies for the purpose of M&A only to discover during the due diligence process that their businesses were having the same or even worse problems, which would only serve to further burden our business. As a result, it has taken a much longer time to find a viable acquisition. We are, however, optimistic at this juncture that we have found a suitable target, which we are in the final stage of negotiation with. We believe there are many synergies with this company that will benefit both parties. At the same time, we continue to look actively for other types of business. For example, we started to look inside the China market. This is a longer-term effort, given we have previously focused only on manufacturing for export. We are presently in a testing phase determining how best to enter the Chinese market given our core manufacturing business.  We are also evaluating a potential entirely new revenue stream – providing services for the Chinese market’s large and fast growing elderly population. As this would represent an entirely new business line, we are proceeding cautiously to test viability, while minimizing development costs. These new activities align with our long-term focus on reinvigorating revenue and profit growth, and building a more stable model that is not in a captive position. While these new activities will take time and burden in a limited way our existing business, we are confident we are moving in the right direction with the intention of moving the company into a stronger position over the coming year.”

Gross profit for the second quarter of fiscal year 2026 was $301,000 compared with $834,000 in the year ago period mainly due to the 44% decrease in sales over the same period. Gross profit as a percentage of sales for the second quarter of fiscal year 2026 was 25.5 percent, compared to 39.4 percent in the year ago period, primarily due to decreased sales. Gross profit for the first half of fiscal year 2026 was $828,000 compared with $1,495,000 in the year ago period. Gross profit as a percentage of sales for the first half of fiscal year 2026 was 30.4 percent compared with 37.4 percent in the year ago period.

Selling, general and administrative expenses for the second quarter of fiscal year 2026 slightly increased to $843,000 from $724,000.

Net income for the second quarter of fiscal year 2026 reflects a currency exchange gain of $11,000 compared to a $58,000 gain in the year ago. The Company reported a currency exchange gain of $15,000 for the first half of fiscal year 2026, compared with a $96,000 gain in the year ago period.

Interest income was approximately $54,000 for the second quarter of fiscal year 2026 compared to approximately $97,000 for the first half of fiscal year 2026. The Company continues to benefit from the relatively high interest rates on fixed deposits despite the slight decrease in interest rates in the recent months. Upon review of its China tax position, the Company reversed a portion of its prior year’s income tax provision for a Chinese subsidiary.

The Company’s balance sheet remains strong, with total assets of $8.37 million and cash and cash equivalents in excess of $5.6 million, or approximately $1.21 per diluted share. The cash and cash equivalent amount exceeded all of its short- and long-term liabilities by approximately $3.2 million. Total shareholders’ equity at September 30, 2025, was $6.0 million, or $1.30 per diluted share.

About Highway Holdings Limited

Highway Holdings is an international manufacturer of a wide variety of quality parts and products for blue chip equipment manufacturers based primarily in Germany. Highway Holdings’ administrative offices are located in Hong Kong and its manufacturing facilities are located in Yangon, Myanmar, and Shenzhen, China. For more information visit website www.highwayholdings.com.

Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements which involve risks and uncertainties, including but not limited to economic, competitive, governmental, political and technological factors affecting the company’s revenues, operations, markets, products and prices, and other factors discussed in the company’s various filings with the Securities and Exchange Commission, including without limitation, the company’s annual reports on Form 20-F.

(Financial Tables Follow)

 

HIGHWAY HOLDINGS LIMITED AND SUBSIDIARIES

Consolidated Statement of Income

(Dollars in thousands, except per share data)

(Unaudited)

Three Months Ended

Six Months Ended

September 30,

September 30,

2025

2024

2025

2024

Net sales

$1,180

$2,117

$2,727

$3,996

Cost of sales

879

1,283

1,899

2,501

Gross profit

301

834

828

1,495

Selling, general and administrative expenses

843

724

1,508

1,382

Operating income/(loss)

(542)

110

(680)

113

Non-operating items

Exchange gain /(loss), net

11

58

15

96

Interest income

54

58

97

103

Gain/(Loss) on disposal of assets

–

–

82

–

Other income/(expenses)

5

5

10

12

Total non-operating income/ (expenses)

70

121

204

211

Net income/(loss) before income tax and non-
controlling interests

(472)

231

(476)

324

Income taxes

100

0

161

0

Net income/(loss) before non-controlling interests

(372)

231

(315)

324

Less: net gain/(loss) attributable to non-controlling
interests

(1)

0

3

(5)

Net income/(loss) attributable to Highway

Holdings Limited’s shareholders

 

(373)

 

231

 

(312)

 

329

Net Gain/ (loss) per share – Basic                     

 

($0.08)

$0.05

($0.07)

$0.08

Net Gain/ (loss) per share – Diluted                    

($0.08)

$0.05

  

($0.07)

 

$0.08

Weighted average number of shares outstanding  

Basic

4,602

4,402

4,602

4,379

Diluted

 

4,602

 

4,402

 

4,602

 

4,379

 

HIGHWAY HOLDINGS LIMITED AND SUBSIDIARIES

Consolidated Balance Sheet

(Dollars in thousands, except per share data)

(unaudited)

Sept 30,

(audited)

Mar 31,

2025

2025

Current assets:

Cash and cash equivalents

$5,557

$5,972

Accounts receivable, net of doubtful accounts

980

1,022

Inventories

728

1,146

Prepaid expenses and other current assets

377

430

Total current assets

7,642

8,570

Property, plant and equipment, (net)

168

94

Operating lease right-of-use assets

462

784

Long-term deposits

13

11

Long-term loan receivable

85

95

Investments in equity method investees

–

–

Total assets

$8,370

$9,554

Current liabilities:

Accounts payable

$390

$613

Operating lease liabilities, current

312

623

Other liabilities and accrued expenses

1,084

1,274

Income tax payable

327

486

Dividend payable

81

81

Total current liabilities

2,194

3,077

Long term liabilities :

Operating lease liabilities, non-current

178

187

Long terms accrued expenses

23

23

Total liabilities

2,395

3,287

Shareholders’ equity:

Preferred shares, $0.01 par value

–

–

Common shares, $0.01 par value

46

44

Additional paid-in capital

12,232

12,178

Accumulated deficit

(5,750)

(5,437)

Accumulated other comprehensive income/(loss)                                     

(546)

(516)

Non-controlling interest

(7)

(2)

   Total shareholders’ equity

5,975

6,267

Total liabilities and shareholders’ equity

$8,370

$9,554

 

“When We March Together”: Youth, Music, and the Future of China–US Relations

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BEIJING, CHINA – Media OutReach Newswire – 15 December 2025 – CGTN will release its new documentary “When We March Together” in January 2026, offering a refreshing look at China–US relations through the lens of youth and music. The film highlights a lesser-explored facet of the bilateral relationship—one driven by youthful energy, cooperation, and shared creativity.

image-1.jpeg

The documentary follows three American high school marching band students on an immersive journey across China. As they travel, rehearse, and perform with their Chinese counterparts, the young musicians forge connections that go beyond the stage. Their experience underscores the power of youth exchange and cultural collaboration in shaping the future of ties between the two countries.

Friendship That Breaks Down the Walls

At the core of the documentary is the story of American music director Jeff Wilson, who first traveled to China in 1987 as a student musician performing on the Great Wall—an event that became a pivotal moment in early cultural exchanges between the two nations.

“The beautiful thing we experienced in 1987 is that whenever we make music together, it immediately breaks down the walls,” Wilson says in the documentary. “It completely changed my perspective of the world. America and China—we’re all the same.”

Decades later, Wilson continues to bring American students to China, nurturing ties that span generations. His daughter Riley joined the latest group of visiting students, carrying forward this legacy.

In an age where information transcends distance, Wilson still emphasizes the importance of personal connections: “We need more face-to-face, eyeball-to-eyeball interaction, and less relying on the phone,” he says. “Screens don’t always show the truth—but meeting someone does.”

20251209WHEN WE MARCH Image 1.jpg

A Decade-Long Musical Reunion

A key moment in “When We March Together” is the reunion between Beijing 57 High School and Valley Christian High School from California. In 2013, the two schools made history at the Pasadena Rose Parade by forming the East Meets West Fusion Band—the first Chinese–American high school marching ensemble to perform jointly in the iconic New Year’s celebration.

Todd Ryan, the band’s US visual director, recalls the impact: “Each band wasn’t very large on its own, but when you combined them, the musicians were joyful to hear so much more volume. When you join together, it’s a powerful statement.”

The documentary revisits this shared history as the students reunite after more than a decade. Their performances—and the effortless camaraderie that quickly forms—bring the story “full circle,” highlighting the enduring power of collaboration.

Putting the Future in Young Hands

For the students, music serves a universal language. “Even if you don’t speak the same language, you’re playing the same one,” says drummer Thomas Trinh. “You can show off individually, but as a full group, you create something powerful. You learn to trust each other.” Daniel Hankins adds, “Collaboration is more fun than competitiveness.”

This spirit of unity resonates across both China and the US. “Marching means moving forward. When we march together, so does the friendship between our nations,” says Yang Guandao from Beijing 57 High School. “Finding what unites us, rather than divides us,” adds Aadit Saraogi from Clarksburg High School.

“Marching toward a wonderful future means putting the future in our children’s hands,” says Susan Eckerle, Director of Bands at Thomas S. Wootton High School. “They know how to treat people—and they do it well. Sometimes the adults just need to back off. Let the kids do it.”

Youth Exchange during Challenging times

Beyond its musical performances, “When We March Together” highlights the vital role youth exchanges can play in shaping China–US relations. The documentary shows how personal interactions can build lasting understanding and help bridge divides.

In 2023, Chinese President Xi Jinping announced a five-year initiative to invite 50,000 American students to China. The program gives young people from both nations the chance to meet, often for the first time, and form their own impressions, separate from political narratives.

As the documentary observes: “These students are quietly shaping a future where friendship and understanding might finally take center stage.”

When youth from both nations march together, they aren’t just creating music—they are composing the future.
Hashtag: #CGTN

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

Huya Serves as the Official Organizer and Exclusive Streaming Platform for the 2025 Demacia Cup

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GUANGZHOU, China, Dec. 15, 2025 /PRNewswire/ — HUYA Inc. (“Huya” or the “Company”) (NYSE: HUYA), a leading game-related entertainment and services provider, today announced that it is serving as the official organizer and exclusive streaming platform for the 2025 Demacia Cup, an annual League of Legends tournament and one of China’s most recognized professional e-sports events.

The 2025 Demacia Cup marks the first time since its inception in 2014 that hosting rights have been granted to a third party, reflecting Huya’s expanding presence within the League of Legends e-sports ecosystem. For this year’s event, Huya has developed and introduced multiple format enhancements designed to enrich competitive dynamics and viewer engagement. The tournament features 14 League of Legends Pro League (LPL) teams and two streamer squads competing from December 15, 2025 to January 3, 2026.

Huya’s role as the first external host of the Demacia Cup demonstrates the Company’s strengthened capabilities in organizing, producing, and operating large-scale, professional e-sports events, further reinforcing its position within the gaming and e-sports landscape.

About HUYA Inc.

HUYA Inc. is a leading game-related entertainment and services provider. Huya delivers dynamic live streaming and video content and a rich array of services spanning games, e-sports, and other interactive entertainment genres to a large, highly engaged community of game enthusiasts. Huya has cultivated a robust entertainment ecosystem powered by AI and other advanced technologies, serving users and partners across the gaming universe, including game companies, e-sports tournament organizers, broadcasters and talent agencies. Leveraging this strong foundation, Huya has also expanded into innovative game-related services, such as game distribution, in-game item sales, advertising and more. Huya continues to extend its footprint in China and abroad, meeting the evolving needs of gamers, content creators, and industry partners worldwide.

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” and similar statements. Among other things, the business outlook in this announcement, as well as Huya’s strategic and operational plans, contain forward-looking statements. Huya may also make written or oral forward-looking statements in its periodic reports to the U.S. 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 Huya’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: Huya’s goals and strategies; Huya’s future business development, results of operations and financial condition; the expected growth of the live streaming market and game market; the expectation regarding the rate at which to gain active users, especially paying users; Huya’s ability to monetize the user base; Huya’s efforts in complying with applicable data privacy and security regulations; fluctuations in general economic and business conditions in China; the economy in China and elsewhere generally; any regulatory developments in laws, regulations, rules, policies or guidelines applicable to Huya; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Huya’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Huya does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For investor and media inquiries, please contact:

In China:

HUYA Inc.
Investor Relations
Tel: +86-20-2290-7829
E-mail: ir@huya.com

Piacente Financial Communications
Jenny Cai
Tel: +86-10-6508-0677
E-mail: huya@tpg-ir.com

In the United States:

Piacente Financial Communications
Brandi Piacente
Tel: +1-212-481-2050
E-mail: huya@tpg-ir.com

 

VinFast officially inaugurates electric vehicle plant in Subang, Indonesia

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Advertorial Desk
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SUBANG, INDONESIA – Media OutReach Newswire – 15 December 2025 – VinFast officially inaugurated its electric vehicle facility in Subang, West Java, marking a defining milestone in the Company’s strategy to expand its global production network and deepen its long-term commitment to Indonesia. The plant is poised to significantly strengthen VinFast’s local competitiveness, accelerate localization efforts, generate high-quality employment, and play a pivotal role in advancing the nation’s electric vehicle industry.

Dr. (H.C.) Ir. Airlangga Hartarto, M.B.A., M.M.T., Coordinating Minister for Economic Affairs of Indonesia (fifth from the right); Mr. Pham Sanh Chau, CEO of VinFast Asia; and Mr. H. Erwan Setiawan, S.E., Vice Governor of West Java Province (fourth from the right), together with representatives of the Indonesian Government and VinFast, at the inauguration ceremony.
Dr. (H.C.) Ir. Airlangga Hartarto, M.B.A., M.M.T., Coordinating Minister for Economic Affairs of Indonesia (fifth from the right); Mr. Pham Sanh Chau, CEO of VinFast Asia; and Mr. H. Erwan Setiawan, S.E., Vice Governor of West Java Province (fourth from the right), together with representatives of the Indonesian Government and VinFast, at the inauguration ceremony.

The inauguration ceremony of the VinFast plant in Subang was attended by Dr. (H.C.) Ir. Airlangga Hartarto, M.B.A., M.M.T. – Coordinating Minister for Economic Affairs of Indonesia; Mr. Y.M. Arrmanatha C. Nasir – Vice Minister of Foreign Affairs of Indonesia; Mr. Andi Sudirman Sulaeman – Governor of South Sulawesi; Mr. H. Erwan Setiawan, S.E., Vice Governor of West Java Province; H.E. Mr. Ta Van Thong, Ambassador Extraordinary and Plenipotentiary of the Socialist Republic of Viet Nam to the Republic of Indonesia, along with representatives from Indonesia’s central and local ministries and government agencies, as well as VinFast’s strategic partners in the country.

The VinFast Subang plant was completed and put into operation just 17 months after groundbreaking, demonstrating the Company’s rapid execution capability and strong implementation capacity. This is VinFast’s fourth operational facility worldwide, and its first plant in Indonesia and Southeast Asia outside of Vietnam.

Bringing the plant into operation on schedule highlights VinFast’s firm commitment to promoting localization in alignment with the Indonesian Government’s strategy for developing the national electric vehicle industry. According to the roadmap, VinFast targets to swiftly increase the localization rate to more than 40% within 2026, 60% by 2029 and 80% from 2030 onwards following the Indonesia Government on industrial localization regulation, while actively fostering a supporting industrial ecosystem around the Subang complex.

Speaking at the ceremony, Dr. (H.C.) Ir. Airlangga Hartarto, M.B.A., M.M.T., Coordinating Minister for Economic Affairs, stated: “We highly commend VinFast for inaugurating its electric vehicle plant in Subang on schedule. This project closely aligns with the Government’s green industrial development agenda and serves as a strong catalyst for the local economy, particularly in job creation, workforce quality enhancement, and the growth of a supporting industrial ecosystem. With the scale and stature of this project, we firmly believe VinFast will become a key anchor, helping position Subang as a new EV industrial hub of the region in the near future.”

Mr. Pham Sanh Chau, CEO of VinFast Asia, shared: “The timely inauguration of the Subang plant is not only a testament to VinFast’s strong execution capabilities, but more importantly, a strategic milestone in our long-term commitment to Indonesia. We firmly believe that localization is a decisive foundation for VinFast’s sustainable success in this market, while also directly contributing to the Indonesian Government’s objectives of economic growth, industrial development, and job creation. With the Subang plant now officially in operation, VinFast has completed one of the most comprehensive and integrated electric vehicle ecosystems in Indonesia, reaffirming our commitment to long-term partnership and shared value creation with the country.”

VinFast electric vehicle plant in Subang, Indonesia was officially inaugurated on December 15, 2025.
VinFast electric vehicle plant in Subang, Indonesia was officially inaugurated on December 15, 2025.

The VinFast plant in Subang is located on a 171-hectare site and is being developed in multiple phases with a total investment of more than USD 1 billion. In subsequent phases, its production capacity can be scaled up to 350,000 vehicles per year, positioning the facility to meet Indonesia’s growing market demand and to unlock future export opportunities.

In Phase 1, VinFast is investing over USD 300 million, with the plant achieving an initial capacity of 50,000 vehicles per year. The facility features a fully integrated production line built to international standards, with a high level of automation and advanced technologies to ensure superior product quality. It includes all core workshops such as Body Welding, Painting, Assembly, along with a Quality Inspection Center and a Logistics Warehouse.

Notably, the project also allocates land for the development of a supporting supplier park for local contractors and businesses, which is planned for expansion in the coming years, laying a solid foundation for deep and sustainable localization.

At full capacity, the VinFast Subang plant is expected to create between 5,000 and 15,000 direct jobs for local workers, along with thousands of indirect jobs across the supply chain and related services. This will serve as a powerful driver for the socio-economic development of Subang, which is being positioned as a new industrial growth center of West Java.

In the initial phase, the plant will focus on assembling VinFast’s strategic EV models, including VF 3, VF 5, VF 6 and VF 7 (right-hand drive versions), for the Indonesian market. These models are well-suited for urban mobility, targeting young consumers and modern families.

The factory will also be responsible for assembling new models scheduled for launch in Indonesia in 2026, including electric two-wheelers, and electric MPV optimized for commercial and service-oriented mobility operations.

The inauguration of the VinFast Subang plant clearly reinforces VinFast’s role in building the electric vehicle value chain in Indonesia, contributing to the elevation of Southeast Asia’s position on the global EV industry map. The plant will serve as a critical backbone for VinFast’s comprehensive “For a Green Future” ecosystem in Indonesia.

In less than two years of presence in the market, the Company has introduced a diverse product portfolio while continuously expanding its service ecosystem, from a robust dealer network and aftersales centers to a widespread charging infrastructure enabled through collaboration with global charging developer V-Green, as well as partnerships with leading banks and financial institutions. Through pioneering policies and customer-centric solutions, VinFast is actively accelerating the green transition, reaffirming its role as a trailblazer in Indonesia’s green mobility revolution and across the wider region.Hashtag: #VinFast

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

Curie Oncology and Oncoshot Deploy AI to Improve Patient Outcomes in Asia

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Advertorial Desk
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SINGAPORE, Dec. 15, 2025 /PRNewswire/ — Curie Oncology, one of Southeast Asia’s fastest-growing private oncology networks, has partnered with Singapore-based health-tech company Oncoshot to deploy AI-powered clinical research tools that help patients gain faster access to clinical trials.

From left to right: Ruslan Enikeev, CTO and cofounder of Oncoshot; Adrian Chan, integration project manager at Oncoshot; Chua Chee Yong, CCO of Oncoshot; Dr Toh Chee Keong, medical oncologist at Curie Oncology; and Jing Yee Ooi, trial research coordinator at Curie Oncology.
From left to right: Ruslan Enikeev, CTO and cofounder of Oncoshot; Adrian Chan, integration project manager at Oncoshot; Chua Chee Yong, CCO of Oncoshot; Dr Toh Chee Keong, medical oncologist at Curie Oncology; and Jing Yee Ooi, trial research coordinator at Curie Oncology.

The partnership marks one of the first real-world implementations of oncology-focused AI within a regional private cancer group, complementing earlier deployments across Singapore’s public healthcare system.

Curie Oncology: using AI to bring more trials to patients

Curie Oncology currently runs numerous clinical trials across Singapore and Malaysia. As the group expands its research footprint, the volume of data required to identify eligible patients has increased significantly.

Digitalisation in healthcare has generated large volumes of data with valuable clinical insights. This information ranges from structured datasets like lab results to unstructured content such as free-text notes created inside and outside clinical environments. Yet over 80% of health data is unstructured, making it difficult for research teams to process efficiently or consistently. These limitations create significant barriers for researchers who need reliable, analysis-ready information.

Through the partnership, Curie Oncology is now using Oncoshot’s AI tools to rapidly structure and analyse clinical data, enabling its oncologists and research teams to identify eligible patients sooner and offer access to ongoing trials more efficiently.

“Oncoshot helped us restructure our rich clinical and genomic data. We can now use natural language to query this information, enabling us to match patients to innovative therapies, improve patient outcomes, and perform cost-benefit analysis,” said Dr Toh Chee Keong, medical oncologist and head of research at Curie Oncology.

AI as an enabler: Oncoshot’s role in supporting Curie’s research teams

Oncoshot’s platform functions as a secure, behind-the-scenes engine that converts unstructured oncology documents into research-ready datasets. During Curie Oncology’s rollout, the AI system:

  • Extracted and de-identified data with over 95% accuracy, even across varied source systems
  • Allowed research coordinators to spend more time on patient-facing and trial-critical tasks, instead of repetitive data processing

Oncoshot’s role is to support, not replace, Curie’s clinical research processes. The AI system helps teams screen faster, run feasibility checks more consistently, and scale their research programmes without requiring proportional increases in manpower.

“Our focus is to enable clinicians and research staff to do what they do best: care for patients and run high-quality clinical studies,” said Dr Huren Sivaraj, CEO and head of clinical AI at Oncoshot. “AI simply removes the manual bottlenecks that make oncology research and access to innovative trials so resource intensive.”

Public and private sector adoption

Curie Oncology is among the first private oncology networks in Asia to deploy Oncoshot’s AI platform, extending the company’s work with earlier public-facing collaborations across Singapore’s cancer research ecosystem.

This includes earlier collaborations such as the 2022 project with Icon Cancer Centre and Roche to digitise genomic data, a workflow that has since been fully automated, as well as deployments with Tan Tock Seng Hospital and the National Cancer Centre Singapore which were highlighted in presentations at the International Association of Cancer Registries (IACR) 2025.

Together, these implementations illustrate how AI can support both public and private cancer institutions in processing unstructured oncology data securely and efficiently. Oncoshot’s federated architecture ensures that raw patient data remains within each institution’s environment, while maintaining compliance with HIPAA, GDPR, and Singapore PDPC regulations.

About Curie Oncology

Curie Oncology is a multi-site regional oncology group operating across Singapore, Malaysia, and the Philippines, with active collaborations in Indonesia and Vietnam. With a strong emphasis on clinical research, Curie runs numerous ongoing studies, providing patients with access to new therapies and precision oncology approaches.

About Oncoshot

Oncoshot is an oncology-focused AI company that helps hospitals and cancer centres transform unstructured clinical data into secure, analysis-ready datasets. Its in-premise medical LLM and federated architecture reduce friction in data extraction and standardisation, giving clinical and research teams faster access to the information needed for feasibility assessment, study planning, and real-world evidence generation.

By strengthening the data foundations that underpin oncology research, Oncoshot enables partners to accelerate cancer R&D and improve patient access to innovative treatments.

Visit www.oncoshot.com for more information.

 

TM Forum Releases Core Network High-Reliability AN Solution Package, Leading a New Paradigm of Autonomous Networks

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BANGKOK, Dec. 15, 2025 /PRNewswire/ — During the Innovate Asia Autonomous Networks (AN) Masterclass held recently, Huawei core network solution expert Michael Wang, invited by TM Forum (TMF), attended the release of the Core Network Fault Management AN Solution Package. Focused on high-stability key features, the solution package integrates TM Forum’s IG1500 standards to deliver reusable autonomous network templates, signaling the beginning of commercial replication for the high-stability core network solution package.

Core Network Fault Management AN Solution Package Case
Core Network Fault Management AN Solution Package Case

Building the Cornerstone of Core Network Stability Across Seven Dimensions

The solution package addresses seven dimensions of core network stability assurance: high-stability deployment architecture, control plane disaster recovery (DR), user plane DR, infrastructure DR, anti-signaling surge capability, risk prediction, and service degradation recovery. Based on the Management Data Analytics Function (MDAF) defined in 3GPP TS 28.104, the solution package provides a systematic, end-to-end resilience network framework. Leveraging digital twin technology, it enables closed-loop management from risk prediction to automated optimization, significantly enhancing the network’s ability to withstand extreme scenarios such as signaling storms.

A key innovation lies in signaling storm risk assessment. Through digital twin modeling, the solution package constructs a virtual network environment to predict risks and implement proactive defenses. Before a signaling storm occurs, it collects traffic statistics, node connection data, and device timing configurations, and then uses a simulation engine to generate impact models. This process allows precise evaluation of network capacity and delivers optimization recommendations, helping operators eliminate potential faults in advance.

Standardization Accelerates Industry Adoption

This AN Solution Package strictly adheres to TM Forum’s IG1500 standards and integrates seamlessly with existing systems via standardized APIs. In his speech, Michael Wang highlighted that the solution package provides a standardized technical implementation template and further demonstrates its feasibility in core network stability assurance scenarios via the Catalyst project. He then cited the optimization practices of an operator in infrastructure disaster recovery. Key processes include precise identification of VIP users, rapid determination of recoverable paths, and swift generation of recovery solutions. The objective is to reduce the network recovery time for VIP users from 30 minutes to 1 minute, while maintaining a 30-minute recovery time for common users. By applying differentiated service assurance policies, this solution enhances the network experience of high-value users and effectively mitigates economic losses caused by VIP user churn.

With the release of the AN Solution Package, core network stability assurance is now officially incorporated into TM Forum’s standard scenarios. Huawei’s replicable and scalable paradigm for high-stability network construction equips operators with a powerful tool to enhance resilience, while also providing critical support for network evaluation monetization.

Ping An Wins ESG Excellence at Hong Kong Corporate Governance & ESG Excellence Awards 2025

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HONG KONG and SHANGHAI, Dec. 15, 2025 /PRNewswire/ — Ping An Insurance (Group) Company of China, Ltd. (“Ping An” or “the Group”, HKEX: 2318/82318; SSE: 601318) has been honored with the Award of Excellence in ESG in the category of Hang Seng Index Constituent Companies at the Hong Kong Corporate Governance and ESG Excellence Awards 2025. This marks the third time Ping An has received this distinguished honor, highlighting its leading role in corporate governance and sustainable development.

The Hong Kong Corporate Governance & ESG Excellence Awards 2025 was co-organized by The Chamber of Hong Kong Listed Companies and the Centre for Corporate Governance and Financial Policy at Hong Kong Baptist University. It aims to commend listed companies that demonstrate outstanding performance in ESG (Environmental, Social, and Governance). The judge highly praised Ping An for formulating five-year goals for sustainability-related issues, deeply integrating ESG principles into its corporate strategy, and actively promoting green finance innovation and low-carbon operations, showcasing its corporate responsibility through concrete actions.

Sheng Ruisheng, Board Secretary of Ping An, commented, “We are truly honored to receive this recognition from The Chamber of Hong Kong Listed Companies once again. This award affirms Ping An’s long-standing commitment to sustainable development. Looking ahead, Ping An will continue to improve its corporate governance and operational capabilities to create lasting, stable, and sustainable value for customers, employees, shareholders, and society.”

Strong Corporate Governance and Steady Returns to Shareholders

Ping An, listed on both A and H shares, maintains rigorous corporate governance standards, aligning itself with international best practices to ensure lasting and stable operations. Its board is made up of experts from insurance, finance, law, accounting, and technology, bringing broad viewpoints to the table. ESG governance is now led at the board level, with full responsibility for ESG strategy entrusted to them and supported by the Group ESG and Sustainability Office. Key metrics like green finance and rural revitalization are part of executive performance reviews to guarantee the sustainability strategy is fully executed.

The Group places great importance on rewarding shareholders, with a dividend policy that is both stable and sustainable. Since going public, Ping An has returned over RMB 400 billion in dividends, growing payouts for 13 straight years. Over the past five years, the compound annual growth rate of cash dividends hit 4.3%, consistently delivering long-term value to investors.

Driving Green Finance and Climate Resilience Through Technology

Building on its integrated financial model, Ping An supports green development and industrial transformation through insurance, credit, investment, and other channels. By end of June 2025, Ping An’s green investments totaled RMB 144.482 billion, green loan balances stood at RMB 251.746 billion, and green insurance premium income for the first three quarters reached RMB 55.279 billion.

Within its own operations, Ping An actively pursues carbon reduction innovations. In 2024, the company actively advanced energy-saving and carbon reduction initiatives, lowering total greenhouse gas emissions to 439,291 tons of CO₂ equivalent, an 8% drop year-on-year. Its self-developed employee carbon account platform, the first of its kind in China’s insurance industry, digitizes employee low-carbon habits. By the end of 2024, it covered 180,000 staff members, recording 2.26 million low-carbon actions and cutting carbon emissions by 23,662 tons.

The Group also developed the AI- and big data-powered “EagleX” climate risk management system, which monitors climate and disaster risks in real-time to help clients spot threats early. In 2024, EagleX identified 3,619 high-risk disasters and sent out 10.5 billion disaster alerts via AI calls, app push notifications, and SMS, reaching 67 million clients and significantly reducing property and personal losses.

Committed to Social Responsibility, Supporting Rural Revitalization and Inclusive Finance

Ping An actively upholds its social responsibilities by driving rural revitalization through a variety of efforts in industry, education, and healthcare. By the end of 2024, the Group had built 119 “Ping An Hope Schools” across the country, provided vocational training to more than 20,000 rural teachers, and benefited over 300,000 rural students. The Group also organized medical teams in 2024 to offer free check-ups and health consultations to nearly 7,000 villagers, boosting community healthcare access. It invested over RMB 52 billion in industrial revitalization focused on modernizing rural industries and raising farmers’ incomes.

In inclusive finance, Ping An P&C provided nearly 2.4 million micro and small businesses with comprehensive risk protection totaling more than RMB 220 trillion and processed over 900,000 claims, worth nearly RMB4 billion. Ping An Bank served 782,000 micro and small enterprise loan clients and issued nearly 260,000 debit cards to rural residents, significantly improving financial access for rural communities and vulnerable groups.

Looking forward, Ping An confirms that sustainable development is a core pillar of its long-term strategy. The Group will continue to deepen its “integrated finance + health and senior care” dual engines, driven by technology, enhance its ESG management system, and advance green finance, inclusive finance, and social responsibility efforts. This approach aims to create lasting and solid value for customers, employees, shareholders, and society while building a more resilient, inclusive, and efficient sustainable financial ecosystem.

About Ping An Insurance (Group) Company of China, Ltd.

Ping An Insurance (Group) Company of China, Ltd. (HKEX:2318 / 82318; SSE:601318) is one of the largest financial services companies in the world. It strives to become a world-leading provider of integrated finance, health and senior care services. Under the technology-enabled “integrated finance + health and senior care” dual-pronged strategy, the Group provides professional “financial advisory, family doctor, and senior care concierge” services to its nearly 250 million retail customers. Ping An advances intelligent digital transformation and employs technologies to improve financial businesses’ quality and efficiency and enhance risk management. The Group is listed on the stock exchanges in Hong Kong and Shanghai. As of the end of December 2024, Ping An had more than RMB12 trillion in total assets. The Group ranked 27th in the Forbes Global 2000 list in 2025, 47th in the Fortune Global 500 list in 2025, and ranked AAA in MSCI ESG Ratings in 2025.

For more information, please visit the www.group.pingan.com and follow our LinkedIn page – PING AN.

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