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NYSE Content Advisory: Pre-Market Update + ICE Data Show Home Affordability at Nearly Three-Year High

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NEW YORK, Dec. 8, 2025 /PRNewswire/ — The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today’s NYSE Pre-market update for market insights before trading begins. 

 

NYSE Content Advisory: Pre-Market Update + ICE Data Show Home Affordability at Nearly Three-Year High

Kristen Scholer delivers the pre-market update on December 8th

  • Wall Street awaits the final interest rate decision of the year, with the Fed widely expected to cut borrowing costs by 0.25 percentage points on Wednesday at 2:00 PM ET, followed by Jerome Powell’s press conference at 2:30 PM focusing on the 2026 rate outlook.
  • The S&P 500 has climbed close to a record high, closing 0.7% below its all-time peak on Friday and marking its second consecutive week of gains, driven by strengthened rate-cut bets.
  • ICE’s Mortgage Monitor shows home affordability at a nearly three-year high, with mortgage refinancing activity rising as homeowners seek to lower monthly payments.

Opening Bell
Deere & Company (NYSE: DE) celebrates customers and investments in American manufacturing

Closing Bell
Sunoco (NYSE: SUN) celebrates 100 years of being listed on the NYSE

Click here to download the NYSE TV App

 

AMTD Digital’s Subsidiary TGE Executed SPA Successfully to Acquire 50% in The Ritz Carlton Hotel Perth, Australia with a Total Value at A$280 Million

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Advertorial Desk
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PARIS and NEW YORK and LONDON, Dec. 8, 2025 /PRNewswire/ — AMTD Group Inc. (“AMTD Group”), AMTD IDEA Group (NYSE: AMTD; SGX: HKB), and The Generation Essentials Group (“TGE” or the “Purchaser”, NYSE: TGE), a subsidiary of AMTD Digital Inc. (NYSE: HKD), announce jointly that TGE has entered into the SPA with FEC Holdings and FEC Hotel (the “Vendors”), whereby the Vendors have agreed conditionally to sell, and the Purchaser has agreed conditionally to purchase a 50% stake in the Ritz Carlton Hotel in Perth Australia. 

The transaction will take place by way of acquisition of the Sale Shares and assignment of the Sale Loan, at an aggregate consideration of A$100 million (equivalent to approximately US$66.4million) subject to the terms and conditions of the SPA.

The acquisition of The Ritz-Carlton, Perth represents a significant milestone in TGE’s strategic expansion within the hospitality sector. This transaction reinforces TGE’s dedication to enhancing its global footprint with premium properties in key markets around the world.

With a portfolio that includes hotel properties in major cities worldwide—such as the iclub AMTD Sheung Wan Hotel in Hong Kong, Dao by Dorsett AMTD Singapore, as well as recently announced acquisitions in New York, London, and Malaysia —the addition of The Ritz-Carlton, Perth, further strengthens TGE’s global hospitality offerings.

The Ritz-Carlton, Perth, marks the 100th Ritz-Carlton property globally. Strengthened by the globally recognised Ritz-Carlton brand, this acquisition aligns perfectly with TGE’s vision of delivering exceptional hospitality experiences and VIP services around the globe.

INFORMATION OF THE TARGET GROUP AND HOTEL

The Target Group holds The Ritz-Carlton in Perth, a luxurious 5-star hotel as a whole building situated on the Elizabeth Quay waterfront. The hotel features 205 elegantly appointed guest rooms and suites, each with floor-to-ceiling windows that offer stunning views of the river, skyline, and urban parks.

The hotel provides sophisticated amenities, including a rooftop bar and a river-view infinity pool, while its culinary experiences showcase the finest local ingredients from Western Australia. The Ritz-Carlton Perth combines timeless luxury with a romantic setting, making it also an ideal venue for weddings and receptions.

Dr. Feridun Hamdullahpur, Chairman of the Board of Directors of TGE, stated, “With our successful execution of a SPA to acquire the 100th Ritz-Carlton worldwide, we, TGE, have now well planned to expand our hotel portfolio across major continents, including Australia, Hong Kong SAR, Singapore, Malaysia, London, and New York City. We invite you all to visit our TGE hotels under the AMTD Group globally. Be our guests!”

About AMTD Group

AMTD Group is a conglomerate with a core business portfolio spanning across media and entertainment, education and training, and premium assets and hospitality sectors.

About AMTD IDEA Group

AMTD IDEA Group (NYSE: AMTD; SGX: HKB) represents a diversified institution and digital solutions group connecting companies and investors with global markets. Its comprehensive one-stop business services plus digital solutions platform addresses different clients’ diverse and inter-connected business needs and digital requirements across all phases of their life cycles. AMTD IDEA Group is uniquely positioned as an active super connector between clients, business partners, investee companies, and investors, connecting the East and the West. For more information, please visit www.amtdinc.com or follow us on X (formerly known as “Twitter”) at @AMTDGroup.

About AMTD Digital Inc.

AMTD Digital Inc. (NYSE: HKD) is a comprehensive digital solutions platform headquartered in France. Its one-stop digital solutions platform operates key business lines including digital media, content and marketing services, investments as well as hospitality and VIP services. For AMTD Digital’s announcements, please visit https://ir.amtdigital.net/investor-news. 

About The Generation Essentials Group

The Generation Essentials Group (NYSE: TGE), jointly established by AMTD Group, AMTD IDEA Group (NYSE: AMTD; SGX: HKB) and AMTD Digital Inc. (NYSE: HKD), is headquartered in France and focuses on global strategies and developments in multi-media, entertainment, and cultural affairs worldwide as well as hospitality and VIP services. TGE comprises L’Officiel, The Art Newspaper, movie and entertainment projects. Collectively, TGE is a diversified portfolio of media and entertainment businesses, and a global portfolio of premium properties.

Safe Harbor Statement

This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar statements. Statements that are not historical facts, including statements about the beliefs, plans, and expectations of AMTD IDEA Group and/or AMTD Digital, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the filings of AMTD IDEA Group, AMTD Digital and The Generation Essentials Group with the SEC. All information provided in this press release is as of the date of this press release, and none of AMTD IDEA Group, AMTD Digital and The Generation Essentials Group undertakes any obligation to update any forward-looking statement, except as required under applicable law.

For more information, please contact:

For AMTD IDEA Group:
IR Office
AMTD IDEA Group
EMAIL: ir@amtdinc.com 

For AMTD Digital Inc.:
IR Office
AMTD Digital Inc.
EMAIL: ir@amtdigital.net 

For The Generation Essentials Group:
IR Office
The Generation Essentials Group 
EMAIL: tge@amtd.world 

Gorilla Technology Group Completes Strategic Investment in Real-Time Infrastructure Intelligence Leader Astrikos.ai

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Advertorial Desk
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Investment will enhance Gorilla’s AI infrastructure offerings and strengthen its global footprint, supporting growth across India, USA and UAE


London, United Kingdom – Newsfile Corp. – December 8, 2025 – Gorilla Technology Group Inc. (NASDAQ: GRRR) (“Gorilla” or the “Company”), a global solution provider in AI-driven Security Intelligence, Network Intelligence, Business Intelligence and IoT technology, today announced its strategic investment into Astrikos.ai, a fast-growing infrastructure intelligence company that specialises in real-time monitoring, prediction, and optimisation for critical national systems.

As an emerging leader in real-time infrastructure intelligence, the Company believes Astrikos.ai will enhance Gorilla’s video intelligence stack, smart city architecture, and GPU-as-a-Service data centre model. From an initial position as a significant minority investor in Astrikos.ai, Gorilla has an option to materially increase its equity ownership.

“Astrikos.ai gives us a springboard into the United Arab Emirates, the USA, and India-all leading technology markets,” said Jay Chandan, Chairman and CEO of Gorilla. “By joining forces with Astrikos.ai, we combine their deep Indian presence and infrastructure intelligence engine with our proven delivery across the Middle East and Asia. We can deliver AI-ready national infrastructure at scale and move decisively into markets that are expanding at historic speed.”

The transaction strengthens Gorilla’s position in India’s fast-growing, AI-ready digital infrastructure market and unlocks an immediate technology advantage for GPU-rich data centres, smart cities, and national-scale systems.

India’s AI-optimised data centre market is forecast to grow from $1.19 billion in 2025 to more than $3.10 billion by 2030, with a sustained growth rate above 20%. The broader data centre industry is expected to reach $21.8 billion by 2030, driven by AI adoption and data localisation.

“Astrikos.ai’s platform is one of the most capable real-time infrastructure intelligence engines we have seen,” said Dr. Rajesh Natarajan, Chief Technology Officer of Gorilla. “India’s data centre capacity is projected to rise rapidly from roughly 1.7 gigawatts today to as much as 8 gigawatts by 2030, which will demand predictive optimisation, continuous telemetry, intelligent security, and integrated SOC/NOC capability. Gorilla now offers all of this as a single integrated platform. The technical synergy is immediate, and it positions us to execute at national scale in all our core target markets.”

Headquartered in Bangaluru, India, Astrikos.ai’s technology has been deployed across multiple marquee programmes, including state-level smart city platforms, the New Indian Parliament complex and major international infrastructure initiatives in the Middle East.

“India is moving through a profound infrastructure expansion cycle, and the demand for AI-driven intelligence is rising across every sector,” said Chinmaya Hegde, Chief Executive Officer of Astrikos.ai. “By combining Astrikos.ai’s real-time prediction optimisation and infrastructure analytics with Gorilla’s data centre vision, video intelligence, and global deployment capabilities, we create a powerful platform that can serve India today and global markets tomorrow. The cross-pollination of our technologies allows us to deliver smarter, faster, and more resilient AI infrastructure. This partnership is not only transformational for India; it creates a global blueprint that we will take to market in the months ahead.”

About Gorilla Technology Group Inc.
Headquartered in London U.K., Gorilla is a global solution provider in Data Centres, Security Intelligence, Network Intelligence, Business Intelligence and IoT technology. We provide a wide range of solutions, including Smart City, Network, Video, Security Convergence and IoT, across select verticals of Government & Public Services, Manufacturing, Telecom, Retail, Transportation & Logistics, Healthcare and Education, by using AI and Deep Learning Technologies. Our expertise lies in revolutionizing urban operations, bolstering security and enhancing resilience. We deliver pioneering products that harness the power of AI in intelligent video surveillance, facial recognition, license plate recognition, edge computing, post-event analytics and advanced cybersecurity technologies. By integrating these AI-driven technologies, we empower Smart Cities to enhance efficiency, safety and cybersecurity measures, ultimately improving the quality of life for residents.

For more information, please visit our website: Gorilla-Technology.com.

About Astrikos.ai
Headquartered in Bengaluru, India, Astrikos is a fast-growing infrastructure intelligence company that specialises in real-time monitoring, prediction, and optimisation for critical national systems. Astrikos delivers advanced AI-driven solutions across large-scale public infrastructure, smart cities, industry 4.0/5.0, government estates, data centres, utilities, transport (airports, rail and seaports) and complex-built environments. Astrikos’ technology has been deployed across multiple marquee programmes, including state-level smart city platforms, the New Indian Parliament complex and major international infrastructure initiatives in the Middle East. These deployments demonstrate our ability to meet the stringent requirements of national programmes that demand precision security and continuous availability. By unifying data across sensor networks, building systems and operational centres, Astrikos enables governments and enterprises to improve efficiency, reduce cost, strengthen security and accelerate their digital transformation.

For more information please visit: Astrikos.ai

Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Gorilla’s actual results may differ from its expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “might” and “continues,” and similar expressions are intended to identify such forward-looking statements. These statements include, without limitation, projections regarding the market size, CAGR, and capacity growth of the data centre and AI sectors in India and globally.

These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results, including but not limited to: the possibility that the projected market growth described in third-party reports may not materialize; risks related to the integration of Astrikos.ai’s technology; our ability to convert our pipeline; and other risks described under the heading “Risk Factors” in the Form 20-F Gorilla filed with the Securities and Exchange Commission (the “SEC”) on April 30, 2025. Market data used in this release relies on third-party analyst reports which are subject to change and have not been independently verified by the Company. Gorilla undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable regulation.

Public Relations Contact:
Samantha Dowd
Prosek Partners
GRRR@prosek.com

Investor Relations Contact:
Dave Gentry
RedChip Companies, Inc.
1-407-644-4256
GRRR@redchip.com

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

About Gorilla Technology Group Inc.

Paulaner to become official supplier of the future Audi F1 Team

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Advertorial Desk
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  • Munich brewery joins Audi’s entry into Formula 1
  • Paulaner to bring celebratory and convivial culture to future Audi F1’s global fanbase
  • Long-term partnership to promote non-alcoholic Paulaner 0.0%

INGOLSTADT and MUNICH, Germany, Dec. 8, 2025 /PRNewswire/ — The future Audi F1 Team and Paulaner Brewery have announced a long-term partnership, naming the Munich-based brewery an official supplier of the team. The agreement marks the start of a new chapter for Paulaner on the global motorsport stage.

As the team joins the grid in 2026, this partnership will provide tangible opportunities to bring the celebratory, convivial culture of Bavaria to the future Audi F1 Team’s global fanbase, enhancing how they responsibly watch and enjoy Formula 1. At its heart is the Paulaner 0.0% wheat beer – a non-alcoholic beverage that allows everyone to embrace the celebratory, social aspect of motorsport while upholding the core values of high performance, safety, and responsibility.

The future Audi F1 Team will promote Paulaner 0.0%, the brand’s non-alcoholic alternative for responsible celebration, to champion the vibrant energy of the next generation of motorsport fans worldwide – creating authentic, premium, and social moments. This partnership honors a true German cult classic, reflecting a modern, inclusive, and dynamic fan culture.

Stefano Battiston, Chief Commercial Officer of the future Audi F1 Team: “Paulaner and the future Audi F1 Team share a winning mindset rooted in performance, passion and pride in our heritage. Both brands stand for craftsmanship, authenticity and the relentless pursuit of excellence. Together, we will create experiences that bring fans closer to the team and celebrate every success on and off the track with a Paulaner 0.0% in hand on a global scale.”

Jörg Biebernick, CEO of the Paulaner Brewery Group: “We are very proud to partner with the future Audi F1 Team and excited to open a new chapter on an international stage. This cooperation underscores our long-term commitment to combining pleasure, quality, and responsibility in professional sports. We look forward to bringing our plans to life and introducing Paulaner to a new generation of motorsport fans.”

About the Paulaner brewery

‘Gut, besser, Paulaner’ (‘Good, better, Paulaner’) – the famous slogan of the Paulaner brewery is more than just an advertising slogan, because it also serves as a guiding principle for every single Paulaner employee. The name Paulaner has been synonymous with supreme quality and Munich beer culture since 1634. The Paulaner master brewers in Munich brew the diverse range of beers associated with a Bavarian brewery, from classics such as wheat beer and ‘Helles’ to specialities like Salvator and Oktoberfest beer, as well as new beer creations. Paulaner is a well-established family-run Munich business, which now exports to more than 70 countries around the world and has developed into a globally thinking, modern and successful branded company. More information on www.paulaner.de. 

About Audi Group

The Audi Group is one of the most successful manufacturers of automobiles and motorcycles in the premium and luxury segment. The brands Audi, Bentley, Lamborghini, and Ducati produce at 22 locations in 13 countries. Audi and its partners are present in more than 100 markets worldwide.

In 2024, the Audi Group delivered 1.7 million Audi vehicles, 10,643 Bentley vehicles, 10,687 Lamborghini vehicles, and 54,495 Ducati motorcycles to customers. In the 2024 fiscal year, Audi Group achieved a total revenue of €64.5 billion and an operating profit of €3.9 billion. As of December 31, more than 88,000 people worked for the Audi Group, more than 55,000 of them at AUDI AG in Germany. With its attractive brands and numerous new models, the group is systematically pursuing its path toward becoming a provider of sustainable, fully networked premium mobility.

Audi will enter Formula 1 for the first time in 2026 with its own factory team and a hybrid drive system (“power unit”) developed in Germany. The future team is based at three locations: Audi Formula Racing GmbH, which was founded specifically for the project, is developing the power unit in Neuburg an der Donau. Hinwil in Switzerland will be home to the development of the racing car as well as the planning and operating of the races. In addition, the UK Technology Office in Bicester provides a foothold in the heart of “Motorsport Valley,” offering direct access to top F1 talent and key strategic partners.

Formula 1 is regarded as the pinnacle of motorsport and, with its global reach, is one of the most important sports platforms in the world. Another decisive factor for the entry of Audi is the new FIA regulations, which from 2026, will include sustainable fuels and increase the electric share of the hybrid drive unit to almost 50 percent.

– Picture is available at AP –

Press Contact:
Johannes Rieger
Kommunikation | Öffentlichkeitsarbeit
Paulaner Brauerei Gruppe GmbH & Co. KGaA
Ohlmüllerstr. 42
81541 München
Tel.: +49 89 48005-380
E-Mail: presse@paulaner.de 

Locksley Announces Oversubscribed A$17 Million Placement Lead by U.S. Investors Funding to Accelerate Execution of Locksley’s U.S. Mine to Market Strategy

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Advertorial Desk
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SAN BERNARDINO, Calif., Dec. 8, 2025 /PRNewswire/ — Locksley Resources Limited (ASX: LKY/OTCQX: LKYRF/ADR: LKYLY) announced the successful completion of a heavily oversubscribed capital raising, securing firm commitments to raise approximately A$17 million via a placement of new shares at A$0.24 per share to Australian, US and international investors.

Cornerstone investors in the placement included well established U.S. institutional investors, providing a strong endorsement of Locksley’s strategy to deliver a fully integrated U.S. based “Mine to Market” critical minerals supply chain. More information is here: https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-03034436-6A1302041&v=undefined.

“This depth of support from Australian, U.S. and other international investors represents a strong validation of our strategic pathway and brings both capital as well as sector expertise and ongoing engagement that supports our downstream development objectives in the U.S.,” said Kerrie Matthews, Locksley Managing Director and CEO.

She added: “The involvement of leading U.S. institutional investors is more than capital allocation: it is a strategic endorsement of Locksley’s emerging role within the domestic U.S. critical minerals sector and comes at a time when the U.S. administration is emphasizing critical minerals as a national security priority and seeking to reduce reliance on foreign-controlled processing capacity.”

The placement was managed by Alpine Capital Pty Ltd. and Titan Partners Group, a division of American Capital Partners, acting as Joint Lead Managers. Settlement of the placement is expected to occur on or around December 11, 2025, with new shares to rank equally with existing paid ordinary shares.

Locksley Resources (https://www.locksleyresources.com.au) is an Australian-based explorer focused on critical minerals. The company is actively advancing its U.S. Asset, the Mojave Project, in California, targeting rare earth elements (REE) and antimony (The Desert Antimony Mine). The company also has a strategic collaboration with Rice University to develop DeepSolv™ for domestic processing of North American antimony. This agreement is a cornerstone of Locksley’s U.S. Critical Minerals and Energy Resilience Strategy to accelerate “mine-to-market” deployment of antimony in the U.S.

Contact: Beverly Jedynak, beverly.jedynak@viriathus.com, 312-943-1123; 773-350-5793 (cell)

TOYO Co., Ltd. Acquires Remaining 24.99% Interest in TOYO Solar LLC

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Advertorial Desk
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TOKYO, Dec. 8, 2025 /PRNewswire/ — TOYO Co., Ltd (Nasdaq: TOYO) (OTC: TOYWF),  (“TOYO” or the “Company”), a solar solution company, today announced that it has acquired the remaining 24.99% membership interest in its U.S. subsidiary, TOYO Solar LLC, making it a wholly owned subsidiary of the Company.

This transaction follows TOYO’s recent strategic expansion into U.S.-based manufacturing and underscores the Company’s commitment to strengthening its presence in the American solar supply chain. TOYO Solar LLC is currently advancing the development of a 2.5GW solar module manufacturing facility in Texas.

Junsei Ryu, Chairman and CEO of TOYO, commented: “This acquisition marks a key milestone in our U.S. growth strategy. Full ownership of TOYO Solar LLC strengthens our operational control, aligns our long-term interests, and reinforces our commitment to delivering American-made solar solutions at scale.”

About TOYO Co., Ltd.

TOYO is a solar solutions company committed to becoming a full-service solar solutions provider in the global market, integrating upstream production of wafers and silicon, midstream production of solar cells, downstream production of photovoltaic modules, and potentially other stages of the solar power supply chain. TOYO is well-positioned to produce high-quality solar cells at a competitive scale and cost.

Forward-Looking Statements

Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements” within the meaning of The Private Securities Litigation Reform Act of 1995. The words “anticipate,” “look forward to,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including factors discussed in the section entitled “Risk Factors” in TOYO’s annual report on Form 20-F, as well as discussions of potential risks, uncertainties, and other important factors in TOYO’s subsequent filings with the U.S. Securities and Exchange Commission. Any forward-looking statements contained in this press release speak only as of the date hereof. TOYO specifically disclaims any obligation to update any forward-looking statement, whether due to new information, future events, or otherwise. Readers should not rely upon the information on this page as current or accurate after its publication date.

Contact Information:

For TOYO Co., Ltd.
IR@toyo-solar.com 

Crocker Coulson
Email: crocker.coulson@aummedia.org
Tel: (646) 652-7185

CTK Launches Dedicated OTC Facility in California, Establishing a Strategic Hub for Global K-beauty Expansion

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Advertorial Desk
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SEOUL, South Korea, Dec. 8, 2025 /PRNewswire/ — CTK(KOSDAQ: 260930), a global K-beauty original design manufacturer (ODM) for cosmetics, has begun operations at CTK OTC LABORATORIES (COL), its new dedicated over-the-counter (OTC) manufacturing facility in Corona, California.

Responding to rising demand for high-performance K-beauty in North America—the world’s largest cosmetics market—CTK acquired the facility in March 2025. COL includes a 40,000-square-feet manufacturing plant and a 30,000-square-feet logistics warehouse, with annual capacity exceeding 20 million units. This site is registered with the U.S. FDA for OTC production and is certified under international GMP standards.

With COL, CTK aims to strengthen its role not only as a manufacturer but as an full value-chain partner, supporting the entire product lifecycle—from product planning and production to regulatory affairs, logistics, and market launch.

For OTC cosmetics, ensuring safety and stability are as critical as in food or pharmaceuticals. To meet those standards, CTK has built a trusted competitive advantage with its stable formulations, a rigorous quality control system, and U.S.-based fulfillment centers.

The new plant is just a 15-minute drive from CTK’s fulfillment center, allowing same-day transfer, storage, and order processing once production is complete. CTK emphasized that this speed-focused value chain can shorten lead times, improve inventory management, and reduce distribution fees—giving clients products longer sales periods in the market.

Because OTC manufacturing relies heavily on regulatory compliance, CTK stated that it continuously reflects regulatory updates from major global markets in real time. This approach allows the company to ensure safety and compliance while enabling faster development and production of new formulas aligned with the latest K-beauty trends.

“COL’s greatest strength is that it gives us the infrastructure to bring K-beauty’s spirit of innovation directly into the U.S. market. Based on CTK headquarters’ differentiated product planning capabilities and R&D expertise, we can seamlessly connect on-site production with regulatory response and logistics execution,” a company official noted. They also added, “With a production system that supㅁports both large-scale manufacturing and flexible scaling, along with its strategic proximity to major U.S. retail channels, we can help our clients build more aggressive launch strategies. We will continue working to bring products to market faster, keep them in consumers’ hands longer, and deliver them with a more competitive cost structure.”

“In the OTC category, ingredient safety and regulatory compliance directly determine a product’s credibility. Through COL, we will uphold strict quality standards and transparent information disclosure to earn the trust of both the market and consumers,” Cheeho Choi, Head of CTK’s U.S. OTC Business stated. “By working closely with our R&D teams in Korea, we plan to build a versatile OTC portfolio that extends from skincare to functional color cosmetics, presenting new OTC formulations at least twice a year and responding rapidly to trends driven by North American consumers. COL will serve as the gateway to the U.S. West Coast market and establish itself as the global hub for K-beauty OTC products.”

Website : https://www.ctkcosmetics.com/ https://www.ctkotc.com/

Address :
1) CTK : 234, Hyoryeong-ro, Seocho-gu, Seoul, Republic of Korea
2) CTK OTC LABORATORIES: 1690 N Delilah St Corona, California 92879, USA

YY Group Strengthens Leadership Team with Chief Product Officer Role, Appoints Eli Yu to Lead Product Strategy

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Advertorial Desk
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SINGAPORE, Dec. 8, 2025 /PRNewswire/ — YY Group Holding Limited (NASDAQ: YYGH) (“YY Group” or the “Company”), a global leader in on-demand workforce solutions and integrated facilities management (IFM), today announced that it has added a Chief Product Officer (CPO) role to its executive team and appointed Mr. Eli Yu, an experienced product and technology leader, to the position. The establishment of the CPO role reflects the Company’s commitment to accelerating product innovation and driving global growth and expansion.

Mr. Yu will oversee end-to-end product strategy, design, development, and lifecycle management, leading cross-functional teams to tighten alignment between market needs and product capabilities and elevate the Company’s ability to deliver differentiated, high-quality digital solutions to users and partners. The appointment also underscores the Company’s focus on operational excellence, scalability, and sustainable growth.

“With the rapid evolution of AI and technology, having a clear, unified product strategy is more important than ever,” said Mr. Mike Fu, CEO of YY Group. “Bringing Eli on board as our chief product officer marks a major milestone for our organization, allowing us to optimize product development and strengthen the foundations needed to support our next stage of growth. We are confident that Eli’s leadership and expertise will help us unlock new opportunities and deliver even greater value to our users and shareholders.”

“I’m honored to join YY Group at such an exciting point in its evolution,” said Mr. Yu. “There is tremendous potential to expand into new areas and create more value for those we serve. I look forward to working closely with the leadership team and our talented product organization to build the next generation of products that will shape the Company’s future.”

Mr. Yu brings a wealth of product leadership experience, spanning AI, software development, technology and renewable energy, with a track record of building scalable products, leading high-performing teams, and driving innovation in competitive markets. Most recently, he founded Evee, an AI-powered human resources service, and served as CEO of SpeedX AI, a global data labeling company. He was also a Product Manager for XCharge (Nasdaq: XCH), where he led its North American product strategy. Mr. Yu is an alumnus of New York University, the University of Washington and Tsinghua University, where he studied mathematics and applied physics.

About YY Group Holding Limited

YY Group Holding Limited (Nasdaq: YYGH) is a Singapore-headquartered, technology-enabled platform providing flexible, scalable workforce solutions and integrated facility management (IFM) services across Asia and beyond. The Group operates through two core verticals: on-demand staffing and IFM, delivering agile, reliable support to industries such as hospitality, logistics, retail, and healthcare.

Leveraging proprietary digital platforms and IoT-driven systems, YY Group enables clients to meet fluctuating labor demands and maintain high-performance environments. In addition to its core operations in Singapore and Malaysia, the Group maintains a growing presence in Asia, Europe, Africa, Oceania and the Middle East.

Listed on the Nasdaq Capital Market, YY Group is committed to service excellence, operational innovation, and long-term value creation for clients and shareholders.

For more information on the Company, please visit https://yygroupholding.com/.

Safe Harbor Statement

This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the YY Group Holding Limited’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. These factors include, but are not limited to, (i) the growth of the hospitality market, (ii) capital and credit market volatility, (iii) local and global economic conditions, (iv) our anticipated growth strategies, (v) governmental approvals and regulations, and (vi) our future business development, results of operations and financial condition. In some cases, forward-looking statements can be identified by words or phrases such as “may,” “will,” “expect,” “anticipate,” “target,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. All information provided in this press release is as of the date of this press release, and YY Group Holding Limited undertakes no duty to update such information, except as required under applicable law.

Investor Contact
Jason Phua Zhi Yong, Chief Financial Officer
YY Group
enquiries@yygroupholding.com

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