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Envision Energy and GES Partner to Scale Energy Storage and Wind Power Across Spain and Europe, Powering a Clean Energy Future

MADRID, Nov. 21, 2025 /PRNewswire/ — Envision Energy, a global leader in green technology, and GES (Global Energy Services), a leading Spanish provider of renewable energy engineering and service solutions, have signed a strategic Framework Agreement to advance the large-scale deployment of Battery Energy Storage Systems (BESS) and Wind Turbine Generators (WTG) across Spain and Europe. This partnership marks a new milestone in Envision Energy’s European strategy, reinforcing its commitment to building a robust engineering and service ecosystem in Spain, one of Europe’s key renewable energy markets, and accelerating the region’s transition toward a cleaner, more resilient, and digitally driven energy system.


The collaboration covers the entire value chain of BESS and WTG plants, including construction, installation, commissioning, operation, and maintenance, with the shared goal of enhancing efficiency and accelerating the deployment of clean energy infrastructure. Under the agreement, Envision will provide comprehensive training and digital tools to strengthen GES’s technical and operational capabilities in BESS and WTG, while GES will leverage Envision’s advanced digital platforms to enhance project visibility, streamline order dispatching, and optimize overall execution efficiency. In addition, GES will deliver full engineering support across Balance of Plant (BoP) construction, including grid connection works, as well as transport and installation (T&I) services for both BESS and WTG components. Together, these efforts ensure seamless, end-to-end project delivery and exemplify a new standard for integrated, technology-driven clean energy solutions in Europe.

“Our collaboration with GES goes beyond a business partnership – it reflects a shared vision to build a sustainable energy future through technology, innovation, and trust,” said Henry Peng, Senior Vice President and President of Latin America and the European Region at Envision Energy. “By combining Envision’s global expertise in AI-powered energy storage and smart wind solutions with GES’s strong local resources and engineering capabilities, we aim to build a more robust renewable energy ecosystem and deliver higher-quality, more reliable project execution and long-term service support to the local market. Starting from Spain, we will jointly expand across Europe’s growing energy storage and wind sectors, setting a new benchmark for integrated service excellence and advancing Europe’s transition toward a clean energy future.”

“We are very proud that GES has been selected to support construction activities and provide technical services for the equipment supplied by Envision in Spain, Europe, and Latin America. This partnership enables developers to benefit from the expertise of a strong local company like GES for installation, operation and after-sales service,” said José Luis García Donoso, CEO of GES. “Envision’s technology is a perfect complement to our strategy of implementing innovative systems that support the sustainability of the power grid and reinforces our commitment to delivering solutions that advance the planet’s energy transition.”

Wedding in Hong Kong: Regent Hong Kong Elevates Terrace Vows with Best View

HONG KONG SAR – Media OutReach Newswire – 21 November 2025 – For couples dreaming of unforgettable weddings in Hong Kong, Regent Hong Kong unveils “Terrace Vows with a View” — a bespoke wedding concept that redefines modern luxury and cultural elegance. In partnership with Shanghai Tang and Moët Hennessy Diageo (MHD), this exclusive showcase celebrates individuality, artistry, and timeless sophistication.

Taking place on 30–31 October, the showcase invites couples to explore personalised wedding experiences crafted within Regent Hong Kong’s iconic Terrace Suite, where sweeping Victoria Harbour views meet exquisite design and heartfelt hospitality.

Luxury Weddings in Hong Kong

As one of Hong Kong’s most prestigious wedding destinations, Regent Hong Kong has been part of generations of family celebrations — renowned for creating timeless weddings that blend heritage and modernity.

In response to couples seeking more intimate and meaningful celebrations, Regent introduces an experience that feels like a private residence — elegant, exclusive, and deeply personal. The Terrace Suite, envisioned by celebrated designer Chi Wing Lo, offers a serene 5,500-square-foot duplex with panoramic views of Victoria Harbour, setting a breathtaking stage for weddings, bridal showers, and after-parties alike.

“A Regent wedding celebration in the Terrace Suite feels like an elevated extension of home — breathtaking yet personal,” shares Kitty Lam, Director of Events at Regent Hong Kong. “Couples today are curating experiences that tell their story. This showcase is designed as an immersive expression of that vision.”

The Terrace Suite – Best Views with Victoria Harbour

The Terrace Suite offers a uniquely residential ambience with expansive indoor and outdoor spaces. The main level features a grand living and dining area for intimate gatherings, while the upper-level Master Bedroom includes a tranquil dressing area and spa-inspired bathroom complete with a circular soaking tub overlooking the harbour.

The crown jewel is the 3,300-square-foot rooftop terrace, accommodating up to 50 guests for ceremonies, cocktail receptions, or candlelit dinners under the skyline. As evening falls, couples can unwind in the private whirlpool, enjoying panoramic harbour views — an exquisite conclusion to their perfect day.

Shanghai Tang – Redefining Wedding Style with Modern Heritage

Shanghai Tang, Hong Kong’s legendary luxury house, brings a distinct sartorial dimension to weddings in Hong Kong. The brand introduces an elegant Imperial Tailoring collection for modern couples seeking refined attire with cultural resonance.

From bespoke Chinese wedding gowns (Qun Kua) and cheongsams to Mandarin jackets and Chang Pao Ma Gua, Shanghai Tang’s designs merge timeless tradition with contemporary sophistication. Each piece embodies the artistry of Chinese craftsmanship, tailored to reflect each couple’s personal style and heritage.

“At Shanghai Tang, we celebrate cultural heritage through the lens of refined modernity,” says Carmen Chiu, Managing Director at Shanghai Tang Hong Kong. “It is our honour to empower couples to express their love stories through style that is both timeless and meaningful.”

During the event, the Terrace Suite will feature Shanghai Tang’s modern chinoiserie home décor, including bespoke tableware and a ceremonial tea set — a symbol of love and tradition to be passed through generations.

Moët Hennessy Diageo – A Toast to Love and Celebration

Adding a sparkling touch to weddings in Hong Kong, Moët Hennessy Diageo (MHD) brings a world of refined indulgence to Regent’s showcase. Featuring iconic labels such as Moët & Chandon, Dom Pérignon, and Hennessy, MHD elevates every moment with signature luxury and celebration.

Couples can personalize their beverage experience with custom champagne towers, engraved Dom Pérignon shields, and bespoke miniatures of Hennessy Paradis or Don Julio 1942 — creating memorable keepsakes for their guests. Each pour becomes a symbol of joy, unity, and timeless romance.

Exclusive Launch: “Terrace Vows with a View”

From 30–31 October, couples are invited by appointment to preview “Terrace Vows with a View” — a curated wedding showcase highlighting how luxury, culture, and design intertwine at Regent Hong Kong.

“This launch is just the beginning of the Regent Wedding journey,” says Kitty Lam. “We want couples to see how many layers they can add to their celebration — from subtle cultural flourishes to statement-making experiences that truly reflect who they are.”

Couples envisioning rooftop ceremonies, candlelit dinners, or multi-day celebrations will find inspiration and expert guidance through Regent’s dedicated team of wedding artists, ensuring that every moment is personal, meaningful, and unforgettable.

To reserve an appointment, contact weddings.regenthk@ihg.com or call +852 2313 2388. Appointments are limited to maintain the bespoke experience.

Weddings at Regent Hong Kong

Named #1 City Hotel in Asia and #1 Hotel in Hong Kong by Travel + Leisure World’s Best Awards 2025, Regent Hong Kong is a reimagined haven of discreet luxury on Victoria Harbour. Its wedding venues, including the iconic white marble staircase and harbourview function rooms, offer endless possibilities — from grand ballroom galas to intimate terrace vow exchanges.

Guided by the Regent Wedding team’s artistry, couples can craft a celebration that embodies elegance, emotion, and enduring memories — redefining the very essence of luxury weddings in Hong Kong.

Discover more at hongkong.regenthotels.com.

Hashtag: #RegentHongKong

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

Where city meets wetland: Dongying’s vision for coexistence

DONGYING, China, Nov. 21, 2025 /PRNewswire/ — A news report from chinadaily.com.cn:

The Yellow River Delta, formed by vast amounts of sand and silt carried by the river, gave rise to Dongying, a city in East China’s Shandong province.

Situated at the river’s mouth where it meets the Bohai Sea, Dongying has over 4,567 square kilometers of wetlands, covering 41.6 percent of its area. The city is recognized as one of the world’s first International Wetland Cities, and the Yellow River Delta National Nature Reserve is also a UNESCO World Heritage site as part of the “Migratory Bird Sanctuaries along the Coast of Yellow Sea-Bohai Gulf of China (Phase II)”.

The reserve is a key stopover on the East Asian–Australasian and Pacific Flyways and hosts 1,633 animal species and 685 plant species. More than 200 migratory bird species visit annually for breeding, wintering, or rest, including 34 globally threatened species. The best birdwatching season runs from October to April, when tens of thousands of birds fill the sky above the estuary, forming shapes that resemble a giant whale or drifting clouds.

This year’s Yellow River Estuary International Birdwatching Season began on Nov 15. Shahbaz Khan, director of UNESCO’s Regional Office for East Asia, praised the reserve as not only an ecological treasure for China but also an example of international cooperation in protecting nature.

But this remarkable revival stands in sharp contrast to the reserve’s earlier condition.

“The reserve was once saline-alkaline land, with sparse wild grasses and sand filling the air,” recalled Zhang Xitao, a senior engineer at the reserve.

Over the years, Dongying has been committed to wetland protection and restoration. In the past three years alone, the city has replenished over 520 million cubic meters of water, removed 8,800 hectares of invasive Spartina alterniflora, restored 3,500 hectares of native plants, and expanded wetlands by 5,000 hectares. Vegetation coverage now reaches 55.1 percent, making it China’s largest newly established coastal wetland zone.

Even within the city, wildlife thrives. A crested ibis, a nationally protected species, has made Mingtan Park its home since October 2024. Although Dongying is a major crude oil production center, the city shows that urban development can coexist with nature.

Here, modern buildings and flocks of birds share the skyline — a new vision of a city that becomes part of nature itself.

Ant Group Chairman Eric Jing Outlines Strategy for Inclusive AI, Collaboration on Tokenised Settlement

  • AI-as-a-Service applications will make AI virtual CFO and COO for SMEs
  • Public-private collaboration in regulatory sandboxes help to provide clarity and certainty when it comes to new technology like tokenisation and AI


SINGAPORE – Media OutReach Newswire – 21 November 2025 – Eric Jing, Chairman of Ant Group, said the company’s focus is on putting new payment and operation tools powered by AI and tokenisation technology in the hands of SMEs, to fully embrace the next wave of global productivity revolution.

Ant Group Chairman Eric Jing (second from right) shares insights during a panel discussion titled “Steering the Global Future” during the Singapore FinTech Festival on November 14, 2025.
Ant Group Chairman Eric Jing (second from right) shares insights during a panel discussion titled “Steering the Global Future” during the Singapore FinTech Festival on November 14, 2025.

“We are passionate about using frontier technology to support SMEs and the use of AI will really uplift inclusion,” Jing said during a panel discussion titled “Steering the Global Future” during the Singapore FinTech Festival on November 14, 2025.

Jing was joined by Agustín Carstens, Former General Manager, Bank for International Settlements (BIS); Ravi Menon, Chairman of the Board of Directors, Global Finance & Technology Network (GFTN); Ambassador (Climate Action), Singapore & Former Managing Director, Monetary Authority of Singapore, GFTN, and Dr. Razeen Sally who moderated the panel.

From Agentic Payment to Agentic Finance: A Virtual CFO, and COO for SMEs

On the consumer front, Jing expects the rise of personalised AI financial managers and advisors. On the business front, “Agentic payment is one of the most important forces driving agentic commerce and agentic systems,” Jing said. Ant will focus on democratising AI for SMEs at a time when small businesses engaged in global trade face increasingly complex payment and risk environments.

“Many SMEs may not have sophisticated digital skills or a large workforce to support them in doing business, and this is where AI agents can really play a role in helping them to navigate the landscape,” Jing said.

Antom, the merchant payment and digitisation services arm of Ant International, is using Antom Copilot to support payment integration, merchant onboarding, risk management settings, and chargeback response. Copilot cuts payment integration time by over 90%, boosts chargeback winning rates by 3 percentage points, and shortens chargeback resolution time by 46 percent.

During the Singapore FinTech Festival 2025, Antom also launched EPOS360, an app that brings point-of-sale (POS) system, payments, banking, lending, and growth support together to help micro, small and medium‑sized enterprises (MSMEs) move from setup to scale efficiently.

“Agentic AI will act like your COO, your CFO. They are stepping in as virtual financial and operational planners and implementers for SMEs, enabling them to compete globally,” Jing said.

He added that the rise of agentic payments and multi-agent systems are already on track, where autonomous AI agents collaborate to execute complex end-to-end transactions.

Collaboration with MAS on AI and Blockchain is an Exemplar of Public-Private Collaboration

“The tokenisation of money that enables global real-time settlement across borders will be particularly beneficial to SMEs and companies doing global trade,” Jing said. “On such important projects, it is necessary to have policy leadership from regulators like the Monetary Authority of Singapore, who provides institutional clarity and brings together an industry ecosystem of collaboration.”

Ant International’s deep collaboration with the Monetary Authority of Singapore (MAS) through key initiatives like Project Guardian and PathFin.ai sets an exemplary model of public-private partnership, especially when blockchain and AI have emerged as global themes.

“We are honoured to participate in the Monetary Authority of Singapore’s regulatory sandboxes. They provide the clarity and certainty needed to responsibly deploy cutting-edge technologies while managing risks,” said Jing. “This new technology is up and coming, we cannot shy away from it. Instead, the right way is to harness the technology to get the benefits while keeping in mind the potential risks and challenges.”

Under Project Guardian, Ant International has contributed to pilot efforts in tokenised money and cross-border settlements, demonstrating how real-time, transparent and credible blockchain-based payments can benefit SMEs engaged in global trade.

Through MAS’ PathFin.ai programme, Ant International is also actively engaging in knowledge exchange on AI implementations. Jing highlighted Ant International’s Falcon Time-Series Transformer (TST) Model — an 8.5-billion-parameter AI model designed for FX and liquidity forecasting. The model has significantly improved accuracy in predicting cash flow and liquidity, helping businesses reduce hedging costs in today’s volatile global economy.

“Through participating in sandboxes, we see benefits and opportunities to improve our products before rolling them out. It has really been a pleasure to be part of that – MAS is taking a very proactive role and it’s enormously valuable,” said Jing.

Ant International, which became independent in 2024, is headquartered in Singapore. The company now collaborates with over 1,400 institutional partners and provides global payment, settlement and digitisation services to 150 million merchants, and a network of global wallets and national QR schemes that together serve over 1.8 billion consumer accounts.
Hashtag: #AntInternational

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

About Ant International

With headquarters in Singapore and main operations across Asia, Europe, the Middle East and Latin America, Ant International is a leading global digital payment, digitisation and financial technology provider. Through collaboration across the private and public sectors, our unified techfin platform supports financial institutions and merchants of all sizes to achieve inclusive growth through a comprehensive range of cutting-edge digital payment and financial services solutions. To learn more, please visit https://www.ant-intl.com/

Midea Demonstrates Comprehensive Sustainable HVAC Lineup at C&R 2025 in Madrid

BERLIN, Nov. 21, 2025 /PRNewswire/ — From November 18 to 20, Midea Air Conditioning showcased a robust portfolio of sustainable innovations at C&R 2025, Spain’s leading trade fair for air conditioning, heating, cooling and ventilation professionals. These include Midea’s R290 series, ECOMASTER system, PortaSplit portable unit, and the modular H-Pack solution, highlighting its leadership in energy efficiency, natural refrigerants, and intelligent climate control.

 

Midea’s R290 Series reflects the brand’s “GREEN VISION BLUE FUTURE” philosophy. Recognized as the world’s first enterprise to commercialize R290 air conditioning, Midea began its journey in 2010 with an UN-funded pilot production line. Today, the company operates 12 advanced production lines with an annual output capacity of 6.4 million units. Its R290 solutions have been widely adopted across global markets, contributing significantly to carbon reduction and influencing international standards for eco-friendly refrigerants.

Backed by a research force of over 10,000 engineers and 42 pilot laboratories, Midea has developed a full-spectrum R290 product matrix. These offerings span residential, commercial, and industrial applications, reflecting the company’s strategic vision of making green technology scalable and accessible.

Another highlight was the ECOMASTER, an artificial intelligence (AI) energy-saving system that optimizes the performance of Midea appliances, particularly air conditioners, to reduce energy consumption. By continuously monitoring indoor conditions and external weather patterns, ECOMASTER executes real-time adjustments with a tolerance of ±0.3°C. This ensures consistent comfort while optimizing energy use, achieving over 30% in energy savings.

Integrated into models such as Solstice and Solunar, the system sets new benchmarks in efficiency. Solstice boasts an A+++ cooling and A++ heating rating, while Solunar achieves A++ cooling and A+ heating performance, both representing the next generation of smart, sustainable air conditioning.

The PortaSplit portable air conditioner also drew significant attention. Engineered for high performance and installation flexibility, it features a SEER rating of 6.1 and a SCOP rating of 4.0. Its design accommodates a wide range of European window types, including French balconies, attic rooftops, and horizontal sliders. This adaptability makes it suitable for a wide range of housing styles, from modern apartments to heritage buildings. Demonstrations at the booth showcased its tool-free, three-step installation process, which has already driven strong market demand and a sell-out launch in France.

Also showcased was the H-Pack, a compact heating solution selected for this year’s C&R Innovation Gallery, which spotlights low-GWP refrigerants, digital control, and circular economy principles. Engineered by Midea’s European R&D team, the H-Pack utilizes eco-friendly R290 refrigerant and eliminates the need for an external unit. Its modular, indoor-ready design ensures seamless compatibility with gas boiler systems while simplifying installation and maintenance. Combining efficiency, versatility, and a space-saving structure, it delivers a cost-effective approach to modern heating. Live demonstrations by German experts further illustrated its user-friendly architecture and practical advantages in real-world applications.

Beyond product innovation, Midea fostered professional engagement through interactive workshops held throughout the event. These sessions facilitated technical exchange and deepened industry collaboration. The brand extended its presence beyond the exhibition hall through promotional campaigns featuring its dual sponsorships with Manchester City and Sevilla FC across Gran Vía, Feria de Madrid, and IFEMA, underscoring Midea’s dedication to passion, community engagement, and high-performance excellence.

Midea continues to advance its mission of driving intelligent transformation across residential and industrial environments. With a focus on sustainability and innovation, the company envisions a future shaped by human-machine collaboration. By integrating KUKA industrial robotics and MIRA home automation technologies, Midea aims to redefine efficiency and elevate human experience, empowering individuals to pursue creativity and progress.

KuCoin Pay Enters Brazil via Pix: Driving Instant Crypto Payments and Enhancing Utility

PROVIDENCIALES, Turks and Caicos Islands, Nov. 21, 2025 /PRNewswire/ — KuCoin, a leading global crypto platform built on trust, today announced that its crypto payment arm, KuCoin Pay, has officially integrated with Pix.

This move empowers millions of Brazilians to seamlessly convert and spend over 50 cryptocurrencies at any merchant accepting Pix QR codes, effectively bridging digital assets with everyday utility. It capitalizes on Brazil’s robust crypto adoption—reaching approximately 26 million users, or 12% of the population—while meeting the growing demand for practical applications in Latin America’s premier crypto market.

The integration streamlines instant crypto-to-BRL conversions, enabling users to transfer funds directly from their KuCoin accounts to any Brazilian bank or pay merchants via Pix. Leveraging Pix’s widespread adoption, it offers multi-functional wallet management for both crypto and fiat within the KuCoin app, all underpinned by secure, regulatory-compliant infrastructure that aligns with Brazil’s KYC standards. This enhances user experience by delivering fast, accessible payments for daily needs, fostering greater financial inclusion and empowering a digitally native population to utilize crypto with ease, security, and efficiency.

By integrating with Pix, we are unlocking a new economic layer for Brazil’s digitally savvy population. This embodies our commitment to enhance crypto accessibility for all, building on our previously announced on-chain payment solutions as a new step forward in making digital assets practical for everyday life,” said Raymond Ngai, KuCoin Pay Lead.

Pix, Brazil’s instant payment system, facilitates 24/7 transfers using simple identifiers like QR codes and has amassed over 175 million users, transforming the payments landscape through inclusion, reduced cash dependency, and operational efficiency. For local users, it remains essential in promoting affordable, inclusive digital transactions across a dynamic economy.

About KuCoin Pay

KuCoin Pay is a pioneering merchant payment solution that enables businesses to integrate cryptocurrency transactions for both online and offline sales. Supporting over 50 cryptocurrencies including KCS, USDT, USDC, and BTC, KuCoin Pay delivers fast, secure, and borderless payments to its audience.

Learn more about KuCoin Pay: https://www.kucoin.com/pay

Tuniu Receives Approval to Transfer to Nasdaq Capital Market and Extension of Minimum Bid Price Compliance Period

NANJING, China, Nov. 21, 2025 /PRNewswire/ — Tuniu Corporation (NASDAQ:TOUR) (“Tuniu” or the “Company”), a leading online leisure travel company in China, today announced that on November 20, 2025, the Listing Qualifications department of the Nasdaq Stock Market LLC (“Nasdaq”) approved the Company’s request to transfer the listing of the Company’s American Depositary Shares (“ADSs”), each representing three Class A ordinary shares of the Company, from the Nasdaq Global Market to the Nasdaq Capital Market. The transfer is expected to take effect at the opening of business on November 24, 2025. The transfer of the listing of the Company’s ADSs to the Nasdaq Capital Market is not expected to have any impact on trading in the ADSs. The Company’s ADSs will continue to trade uninterruptedly under the symbol “TOUR”. The Nasdaq Capital Market operates in substantially the same manner as the Nasdaq Global Market, and companies on the Nasdaq Capital Market must meet certain financial and corporate governance requirements to qualify for continued listing.

As previously disclosed, on May 19, 2025, the Company received a letter from Nasdaq indicating that the Company was not in compliance with Nasdaq Listing Rule 5450(a)(1), as the closing bid price of the ADSs had been below US$1.00 per ADS for the previous 30 consecutive business days. The Company was given a period of 180 calendar days, or until November 17, 2025, to regain compliance with the minimum bid price requirement. In response, the Company submitted an application to transfer the listing of its ADSs from the Nasdaq Global Market to the Nasdaq Capital Market.

In connection with the transfer to the Nasdaq Capital Market, Nasdaq granted the Company a second period of 180 calendar days, or until May 18, 2026, to regain compliance with the minimum bid price requirement for continued listing. To regain compliance, the closing bid price of the Company’s ADSs must meet or exceed US$1.00 per ADS for a minimum of 10 consecutive business days on or prior to May 18, 2026. Nasdaq’s determination to grant the additional 180-day compliance period was in part based on the Company meeting the continued listing requirements of the Nasdaq Capital Market with the exception of the bid price requirement, and the Company having provided written notice of its intention to cure the deficiency during the additional compliance period, including effecting a reverse stock split or a change of the ratio of its ADSs to its Class A ordinary shares, if necessary.

The Company intends to continue actively monitoring the bid price and consider available options to regain compliance with the minimum bid price requirement.

About Tuniu Corporation

Tuniu (Nasdaq: TOUR) is a leading online leisure travel company in China that offers integrated travel service with a large selection of packaged tours, including organized and self-guided tours, as well as travel-related services for leisure travelers through its website tuniu.com and mobile platform. Tuniu provides one-stop leisure travel solutions and a compelling customer experience through its online platform and offline service network, including a dedicated team of professional customer service representatives, 24/7 call centers, extensive networks of offline retail stores and self-operated local tour operators. For more information, please visit http://ir.tuniu.com.

Safe Harbor Statement

This press release contains forward-looking statements made under the “safe harbor” provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. Tuniu may also make written or oral forward-looking statements in its reports filed with or furnished to the U.S. Securities and Exchange Commission, 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. Any statements that are not historical facts, including statements about Tuniu’s beliefs and expectations, are forward-looking statements that involve factors, risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such factors and risks include, but are not limited to the following: Tuniu’s goals and strategies; the growth of the online leisure travel market in China; the demand for Tuniu’s products and services; its relationships with customers and travel suppliers; Tuniu’s ability to offer competitive travel products and services; Tuniu’s future business development, results of operations and financial condition; competition in the online travel industry in China; government policies and regulations relating to Tuniu’s structure, business and industry; the impact of health epidemics on Tuniu’s business operations, the travel industry and the economy of China and elsewhere generally; and the general economic and business condition in China and elsewhere. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the U.S. Securities and Exchange Commission. All information provided in this press release is current as of the date of the press release, and Tuniu does not undertake any obligation to update such information, except as required under applicable law.

Social Enterprise Summit 2025 Officially Opens in Hong Kong “Unleashing Passion & Purpose for Social Innovation – HK & GBA” Uniting Across Borders, Generations, and Sectors to Forge Sustainable Solutions for Global Challenges


HONG KONG SAR – Media OutReach Newswire – 21 November 2025 – The Social Enterprise Summit (SES 2025) officially opened at the Hong Kong Convention and Exhibition Centre in Wan Chai. Under the theme “Unleashing Passion & Purpose for Social Innovation – HK & GBA”, the Summit showcases successful cases from Hong Kong, the Greater Bay Area, and around the world to promote the positive impact and practical applications of social innovation and social enterprises. Guided by the core belief of “Uniting Across Borders, Generations, and Sectors”, SES 2025 aims to reshape systems, connect changemakers from Hong Kong and across the globe, foster the exchange of ideas, and build partnerships to co-create more inclusive and resilient communities.

SES2025

The four-day International Symposium will feature over 60 distinguished speakers, including experts, scholars, and business leaders from around the world. They will share successful case studies and valuable insights on how to connect civil society, the business sector, government, academia, and local communities, highlighting the transformative power of social innovation in driving systemic change.

Dr CA TSE, Co-chairs of the Organising Committee of SES 2025, remarked “Social entrepreneurship has been developing in Hong Kong for over 20 years. In recent years, alongside many young social innovators actively engaging in the sector, there has also been growing interest among retirees who see social innovation as a meaningful second act. With the theme ‘Unleashing Passion & Purpose for Social Innovation – HK & GBA’, this year’s Summit explores diverse perspectives—from empowering marginalised groups to advancing sustainable development—aiming to inspire changemakers to co‑create lasting solutions for complex challenges. New this year is the ‘SES x Good Lab: Social Innovation Tour @ The Greater Bay Area’, which will bring together experts from mainland China to exchange insights and share experiences. Through dialogue and collaboration, the Summit demonstrates how social innovation can drive systemic change and make transformation possible.”

Mr Clarence LEUNG, Under Secretary for Home and Youth Affairs of the HKSAR Government, added “The Social Enterprise Summit is a highly regarded annual event within Hong Kong’s social enterprise sector. Each year, we are delighted to see many new young faces, demonstrating that more creative and ambitious young people are joining the social enterprise community, bringing positive energy and generating greater social impact. In recent years, many social enterprises have also harnessed artificial intelligence technologies and innovative cross‑sector collaborations to meet diverse social needs and contribute to society. The Home and Youth Affairs Bureau will continue to adopt a multi‑pronged approach, introducing flexible and versatile measures to connect different sectors of society and support the flourishing development of social enterprises in Hong Kong”

Following the Opening Ceremony, the Keynote Speech and Open Forum featured leading voices from across the globe: Mr Jaff SHEN, Co-founder and CEO of the Leping Social Entrepreneur Foundation, shared insights on the evolution and future of social innovation across China and Asia. Professor Stephen CHEUNG Yan-leung, SBS, JP, President of Saint Francis University, examined how future generations should understand social entrepreneurship through education, particularly in an AI-driven world where integrating Social Entrepreneurship (SE) and Social Innovation (SI) is increasingly essential. Dr KK TSE, Founder of ReWirement Action HK and “Social Innovtation Thought Leader 2020” recognised by the Schwab Foundation, reflected on his decades of experience in the field. Mr Gerry HIGGINS, Founder and Managing Director of the Social Enterprise World Forum, offered a global perspective on building vibrant ecosystems and fostering international collaboration. Ms Jinhui YANG, Secretary of the Party Committee and Director of the Yulin East Road Community Neighbourhood Committee in Chengdu City, shared her experience in community development and inclusive urban growth.

The Impact Story session was delivered by Prof Martin ZHU, CEO and Co-founder of i2Cool, who presented his journey from developing electricity-free cooling solutions to mitigate urban heat island effects and reduce carbon emissions, to establishing a green-tech enterprise applying innovative cooling materials.

From Day Two onwards, the International Symposium will explore pressing social issues under three core themes: “Sectors for Social Innovation”, “Changemakers and Innovators with Impact”, and “Sustaining the SI Ecosystem”. Topics include healthcare system reform, creating shared value, social innovation in the Greater Bay Area, and nurturing entrepreneurs equipped to tackle complex challenges with transformative solutions. As artificial intelligence (AI) continues to reshape the world, discussions will spotlight how cross-sector collaboration can spark AI-driven innovations to address societal needs. Running concurrently during the first two days, the “Changemakers Gallery” will feature more than 20 organisations showcasing their latest projects and engaging with participants to foster connections and inspiration. In response to economic uncertainty and shifting market demands, SES 2025 will also host a workshop titled “Is Your Social Enterprise Ready for Anything?”, equipping participants with practical tools, strategies, and inspiration to build resilient enterprises.

On Day Three, signature events include “Change for Impact 2025: How Might We Innovate for the Longevity Age?”, the “SES x Chinachem Group Impact Booster 2025 – Selection Showcase” for secondary school students, and the “Social Innovation Lai Chi Kok” guided tour, which will explore the district’s unique ecosystem and foster community collaboration.

Additionally, SES 2025 will launch the inaugural “SES x Good Lab: Social Innovation Tour @ The Greater Bay Area”, inviting social innovators, policymakers, and youth representatives to visit key hubs across the region, gaining insights into local innovation models and policy support mechanisms while collectively exploring long-term development.

Hashtag: #SocialEnterpriseSummit #SES2025

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