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NineSmart and Uniforce Launch Integrated Smart Property and Security Solutions at Build4Asia 2025


HONG KONG SAR – Media OutReach Newswire – 7 August 2025 – NineSmart, a leader in property technology, and Uniforce, top security and facility service provider, together announced their partnership at Build4Asia 2025 exhibition held in July. Jointly showcased NineSmart’s Smart Property and Uniforce’s advanced high-definition CCTV and Carpack System, the display combines NineSmart’s AI innovation platform with Uniforce’s security expertise, providing a comprehensive integrated solution for modern property management.

NineSmart and Uniforce Launch Integrated Smart Property and Security Solutions at Build4Asia 2025
NineSmart and Uniforce Launch Integrated Smart Property and Security Solutions at Build4Asia 2025

NineSmart Flagship Product: Smart Property

Smart Property is part of the NineSmart Go! platform, utilizing IoT and AI technologies, integrating key functions into a mobile app and a single cloud platform. Its modular and AI-driven design offers efficiency, sustainability and enhanced user experience, simplifying property management for residential, commercial, and clubhouse environments.

Unified Platform: Integrates access control, facility booking, video intercom, elevator access and visitor registration into one platform, allowing administrators to easily manage permissions and monitor equipment status.

AI-Driven Design: Uses AI to analyze access patterns, monitor IoT devices and automate tasks such as drafting announcements, enhancing operational efficiency.

Smart Access: Provides contactless access to properties, supporting dynamic QR codes, NFC, Octopus and facial recognition, allowing remote unlocking and creating visitor QR code via a mobile app.

Old Building Upgrades: Cloud technology enables real-time data sync and offline operations, supporting integration with existing property systems, enabling seamless upgrades for old buildings.

User-Centric: Facility booking supports popular e-payment methods and provides real-time notifications and smart intercom to enhance user experience for residents or tenants.

Uniforce CCTV and Carpark Systems

Seamlessly integrates with security management platforms, supporting high-precision applications that complement NineSmart’s property management platform, providing more efficient security and parking management for various properties.

High-Definition CCTV: Leverages Korean IP and analogue technologies with Sony CCD and DSP for 1080p clarity. Metal dome cameras ensure reliable all-weather monitoring, equipped with motion detection and remote live viewing for residential and commercial settings.

Smart Carpark Management: Based on Jieshun Smart Terminal Operating Platform (JAVA-based), features 99% all-weather license plate recognition (LPR) for Hong Kong, China and Macau plates, with Octopus card-based entry/ exit for unmanned operations.

Advanced Parking Operations: Supports dual-lane traffic with built-in fill lights, centralized billing with receipt printing for hourly/ monthly users, parking space allocation analytics, and e-payment integration via Octopus or mobile apps.

Robust and Flexible Customization: Enables remote operation, maintenance and upgrades with proactive fault notifications. Offers offline LPR, dual-machine collaborative algorithms for complex environments like curves, and secondary SDK for third-party integration, ensuring adaptability across property types.

NineSmart CEO Lucas Mo stated, “We are pleased to partner with the renowned Uniforce, integrating next-gen technology, high-quality equipment and industry intelligence to extend the application of Smart Property. Our display garnered widespread attention at Build4Asia 2025, reflecting market demand for such solutions.”

Uniforce General Manager Man Kwok added, “NineSmart injects new technologies and vitality into us. The seamless integration of both systems provides property management and developers with a one-stop, efficient and comprehensive solution that meets market demand, saves labor costs, optimizes security and operational processes in the long run.”

Hashtag: #NineSmart #Uniforce #PropertyTechnology #SmartProperty #CarparkSystem #CCTV


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

NineSmart Limited

An incubatee of Cyberport Incubation Programme for Smart Living Start-ups, focusing on IoT solutions and software development, allowing different devices to be centrally managed through a single platform, revolutionizing property management in residential, commercial, and clubhouse environments. Visit for more information.

Uniforce Security Systems Limited

Established in 1989, utilizing advanced electronic equipment and computer-controlled products, leveraging professional knowledge and service to provide property protection, personal safety and security management. Uniforce departments include administration, security consulting, business, engineering, maintenance, technical development, a 24-hour central alarm monitoring station, system design, product support and customer service. Visit for more information.

Sunningdale Tech to acquire Sanwa Group to strengthen its position as an Asian powerhouse in precision plastics solutions

  • The acquisition will solidify Sunningdale Tech’s position as one of the largest precision plastics engineering companies with a total combined revenue of approximately S$850m
  • This highly synergistic acquisition will allow the Group to further diversify its customer base, broaden its product portfolio, enter the industrial segment, enhance its engineering capabilities and penetrate new markets
  • Post-acquisition, the expansion of the Group’s global footprint to 23 locations in nine countries enhances its position as a global powerhouse with the ability to support multinational customers in various geographic regions
  • The acquisition is in line with the Group’s strategy to accelerate the transformation of its automotive segment to focus more on the manufacturing of complex functional parts and critical EV components

SINGAPORE, Aug. 7, 2025 /PRNewswire/ — Sunningdale Tech Ltd (“Sunningdale Tech” or “the Group”), a leading global manufacturer of precision-engineered plastic components, has announced it has entered into a sale and purchase agreement to acquire Sanwa Plastic Industry Pte Ltd (“Sanwa Group”).

Upon completion of this all-cash acquisition, the merger will effectively solidify Sunningdale Tech’s position as one of the largest precision plastics engineering companies in the region with a total combined revenue of approximately S$850 million based on figures from the financial year ended 31 December 2024.

Today, Sanwa Group is renowned as a trusted precision plastic component manufacturer with deep penetration in fast-growing automotive segments which focus on green mobility and future vehicle design. Sanwa Group also has exposure to stable end segments in the industrial, energy, consumer and biomedical industries. Sanwa Group operates across seven manufacturing sites in China, Indonesia, India and Singapore. The company has established an excellent reputation as an integrated manufacturer with proven reliability and an operating track record of more than 45 years, led by its visionary Chief Executive Officer, Dr Ricky Souw, who will stay on as an advisor to Sunningdale Tech following the completion of the merger.

The acquisition is highly synergistic as customer or product overlap is minimal between the two companies. In addition, the acquisition will allow Sunningdale Tech to further diversify its customer base, enhance its engineering capabilities, enter the industrial segment and penetrate new markets. The acquisition is also in line with the Group’s strategy to accelerate the transformation of its automotive business to focus more on the manufacturing of functional parts and critical EV components.  

Post-completion, Sunningdale Tech will expand its geographic footprint to 23 locations in nine countries as it continues to support multinational customers in various regions amid shifts in global supply chains.

Commenting on the acquisition, Group CEO & Executive Director Mr Khoo Boo Hor said, “We are delighted to partner with Sanwa Group as our vision to become a world-leading precision plastic solutions provider continues to unfold. This strategic and highly synergistic acquisition will put us in a formidable position to take advantage of growth opportunities worldwide and better serve our customers, leveraging on our combined technical knowhow and engineering capabilities.”

Echoing similar sentiments, Sanwa Group’s CEO Dr Ricky Souw said, “For more than four decades, we have built up Sanwa Group to become one of Asia’s leading precision plastics engineering companies and we are remarkably proud for all that we have achieved. Partnering with Sunningdale Tech is a natural progression and an ideal fit as we share a similar set of values and a vision of becoming a global powerhouse. We look forward to ringing in a new chapter for Sanwa Group and soaring to new heights in partnership with Sunningdale Tech.”

Oversea-Chinese Banking Corporation Limited (OCBC) is acting as the sole financial advisor to Sanwa Group.

About Sunningdale Tech Ltd.

Sunningdale Tech Ltd is a leading global manufacturer of precision-engineered plastic components. The Group provides vertically integrated solutions with capabilities including product and mould design, mould fabrication, injection moulding, complementary finishing, and precision assembly of complete products.

The Group boasts over 1,150 injection moulding machines with a tooling capacity of 2,000 moulds per year across a global footprint which spans 17 manufacturing locations in nine countries. With over four million square feet of manufacturing facilities, the Group operates in Singapore, China, India, Indonesia, Latvia, Malaysia, Mexico, Thailand, and the USA.

The Group produces precision engineered plastic components for multinational customers in the Automotive, Consumer/IT and Healthcare industries. More recently, the Group has been focused on accelerating the growth of its Healthcare segment, the Group’s fastest growing vertical in recent years.

For more information, please visit http://www.sdaletech.com

About Sanwa Plastic Industry Pte Ltd (“Sanwa Group”)

Established since 1977, Sanwa Group specialises in precision plastic injection moulding, insert moulding, and component sub-assembly. With a passion and focus to constantly evolve and innovate to improve its competitive edge and service quality, Sanwa Group has grown into an industry leader, offering fully integrated manufacturing solutions for multinational customers in the automotive, energy, industrial, consumer and biomedical industries.

Headquartered in Singapore, Sanwa Group also has offices and state-of-the-art manufacturing facilities across China, India and Indonesia.

For more information, please visit https://www.sanwagroup.com.sg/.  

For media and investor queries, please contact:

James Bywater, CFA
Director, Corporate Strategy, Marketing & PR
Sunningdale Tech Ltd
Email: James.Bywater@sdaletech.com 

foodpanda honours delivery partners this National Day with S$16,000 in bursaries, double-tipping and rider safety courses


SINGAPORE – Media OutReach Newswire – 7 August 2025 – To mark Singapore’s 60th National Day, foodpanda, the nation’s leading food and grocery delivery platform, has launched a series of initiatives, as part of its Riding Singapore Forward campaign, to recognise and uplift its delivery partners. These include S$16,200 in education bursaries, dollar-for-dollar tip matching, and expanded road safety training in the lead-up to Rider Safety Month. The campaign reinforces foodpanda’s commitment to the everyday heroes who keep the city moving.

foodpanda pandarider Awards 2025 Primary Bursary Award Recipient_Emlyn
foodpanda pandarider Awards 2025 Primary Bursary Award Recipient_Emlyn

Singapore’s 60th birthday is a meaningful milestone to honour our delivery partners, who show up every day– rain or shine – to bring convenience and comfort to homes across the city. This year, we’re doing even more to say thank you,” said Bhavani Mishra, Managing Director, foodpanda Singapore.

Recognising Service and Supporting Education

foodpanda also recognised 31 outstanding delivery partners with awards for exceptional service and contributions to the community. Over 700 attendees received goodie bags containing safety and rider essentials – including rain jackets, road emergency toolkits, first-aid kits, sunscreen, neck fans, along with contributions from partners such as Food Republic, Coca-Cola, HelloRide, Chubb and more.

Additionally, to make every token of appreciation go twice as far, foodpanda will match all in-app customer tips dollar-for-dollar from 8 to 10 August. Delivery partners collecting orders that include two Coca-Cola cans from selected Food Republic outlets islandwide will also receive a complimentary Coca-Cola from 1 to 10 August.

Spotlighting Rider Safety

In the lead-up to Rider Safety Month in September, foodpanda also announced that it will expand its training programme with intermediate safety training courses, a step up from the basic training courses provided last year. Tailored by vehicle type, these sessions cover practical techniques, hazard management, and road confidence – equipping partners with road skills and confidence. This continued investment reflects foodpanda’s commitment to a safer, more supportive working environment for delivery partners.

Support that Goes the Distance

With the SG60 pandarider Awards and National Day initiatives, foodpanda reaffirms its dedication to recognising delivery partners’ resilience, strengthening their role in Singapore’s story, and investing in support that makes a meaningful difference. These efforts are part of foodpanda’s regional flagship programme, panda hearts, dedicated to uplifting and empowering delivery partners across Asia across five pillars – safety, well-being, personal development, community and welfare perks.

Hashtag: #NationalDaySG #pandariderAwards #foodpanda #RiderSafetyMonth #EducationBursary #SG60Celebration #TipMatching #DeliveryPartners #SG60 #Campaign #NationalDay


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

Annex A: Quote from a pandarider Awards bursary recipient

Benny Tan Teng Soon, a 25 year-old full-time student who is pursuing a degree in mechanical engineering at Nanyang Technological University

“As a Mechanical Engineering student, working as a food delivery rider helps me manage daily expenses and support my family. With my father in a nursing home and limited support at home, it’s been financially challenging, especially while keeping up with a demanding academic schedule. This bursary would really help take some of the pressure off, allowing me to focus more on my studies and stay on track to graduate. It would be a meaningful step toward building a better future for both myself and my family.”

foodpanda Singapore

foodpanda is a leading on-demand delivery platform in Asia dedicated to bringing consumers a wide range of food, groceries and more, quickly and conveniently. Powered by technology and operational excellence, foodpanda is spearheading the growth of quick-commerce (q-commerce) across the region with its network of retail partners, as well as pandamart cloud stores to provide more on-demand options beyond the millions of food delivery options. foodpanda operates across 10 markets in Asia Pacific – Singapore, Hong Kong, Malaysia, Pakistan, Taiwan, Philippines, Bangladesh, Laos, Cambodia and Myanmar. foodpanda is a subsidiary of Delivery Hero, a global leader of the food delivery industry. For more information, visit

Macronix Introduces Cutting-Edge Secure-Boot NOR Flash Memory

ArmorBoot MX76 Features Ultra-Fast Boot Times, High Performance, Integrated Authentication Protection, Data Integrity Verification, Secure Update, SPI Interface, Low-Power Options

HSINCHU, Aug. 7, 2025 /PRNewswire/ — Macronix International Co., Ltd. (TSE: 2337), a leading integrated device manufacturer in the non-volatile memory (NVM) market, today announced ArmorBoot MX76, a robust NOR flash memory combining in a single device, the essential performance and an array of security features that deliver rapid boot times and iron-clad data protection. The newest member of Macronix’s highly successful and widely deployed ArmorFlash™ family, ArmorBoot MX76 is a high-performance, highly secure flash memory designed for artificial intelligence (AI), Internet of Things (IoT), automotive electronics and other demanding applications that require ultra-fast boot times, integrated authentication protection, data integrity verification, secure flash updates, a Serial Peripheral Interface (SPI), power options of 3V or 1.8V, and capacities up to 1 Gb.

“We developed ArmorBoot MX76 to address specific challenges designers in the AI, IoT and automotive-electronics markets face: achieving fast boot times, enhanced security and seamless updates,” said F.L. Ni, vice president of marketing at Macronix International. “Those, along with other rapidly growing markets – industrial automation, healthcare and wireless communications, for example — represent broad spectrum of system and device manufacturers demanding the greater performance and heightened security that ArmorBoot MX76 provides. In an age when cybersecurity is no longer a luxury but a necessity, and boot times are increasingly consequential to products’ success, Macronix is delivering the highest level of security and performance in flash memory.”

ArmorBoot MX76’s unique architecture sets it apart from previous secure NOR flash solutions in that it combines in-demand performance and security functions in a single device; no additional chips are needed to ensure required levels of data protection. During a system’s critical startup or update phase, the memory’s performance and security features kick in automatically and seamlessly. In addition to being a single-device solution for ultra-fast booting and robust security, ArmorBoot MX76’s SPI interface enables smooth integration into new or existing systems.

Top worldwide manufacturers who’ve already designed ArmorFlash memories into their AI, IoT and automotive-focused solutions are presently evaluating ArmorBoot to expand their product portfolios to offer enhanced performance and secure-boot capabilities.

ArmorBoot’s Key Features

  • Support for the secure boot process without exposing code on the data bus
  • Device authentication
  • Unmatched array of security features that ensure data protection
  • SPI interface for seamless design integration
  • Ideal flash solution for AI, IoT, automotive, healthcare, communications, industrial systems
  • 3V or 1.8V for optimal power efficiency
  • Capacities up to 1Gb – suitable for targeted applications

Broad Array of Secure NOR Flash

Macronix’s award-winning ArmorFlash family, of which ArmorBoot MX76 is the latest addition, features a broad array of NOR flash memories developed for a wide range of applications demanding data security. It features security schemes such as Physical Unclonable Function, or PUF, and unique ID, with authenticated and encrypted links for NOR, NAND or e.MMC™ flash. ArmorFlash has achieved several safety and security certifications, including from standards bodies focused on automotive electronics and cybersecurity. For more information and specifications on ArmorFlash and ArmorBoot, go to https://www.macronix.com/en-us/products/Pages/ArmorFlash.aspx.

Availability

ArmorBoot MX76 is sampling now, with production scheduled for later in 2025.

Showcased at FMS

Macronix will showcase ArmorBoot, along with a range of other NVM solutions, at the Future of Memory and Storage conference, August 5-7, at the Santa Clara Convention Center, in Santa Clara, California. Macronix will be located in booth #1142.

About Macronix

Macronix, a leading integrated device manufacturer in the non-volatile memory (NVM) market, provides a full range of NOR Flash, NAND Flash, and ROM products. With its world-class R&D and manufacturing capability, Macronix continues to deliver high-quality, innovative and performance-driven products to its customers in the consumer, communication, computing, automotive, networking and other market segments. Find out more at www.macronix.com.

ArmorFlash is a trademark of Macronix International Co., Ltd. eMMC is a trademark of JEDEC/MMCA

WuXi Biologics Named to A List for CDP Supplier Engagement Assessment

  • Earns CDP’s highest rating for supply chain engagement on climate
  • Adds to other CDP recognition—Water Security A List and leadership score on climate change
  • Drives sustainability through value chain decarbonization empowerment

SHANGHAI, Aug. 7, 2025 /PRNewswire/ — WuXi Biologics (2269.HK), a leading global Contract Research, Development, and Manufacturing Organization (CRDMO), today announced it was named to the A List for the Supplier Engagement Assessment (SEA) by CDP, the environmental non-profit organization. The annual SEA A List recognizes top-scoring companies that demonstrate leadership in supply chain engagement on climate-related issues and make impactful contributions in the transition toward a net-zero sustainable economy.

CDP is recognized as the global standard for corporate environmental reporting, and its annual ratings are widely used to drive investment and procurement decisions. In 2024, nearly 25,000 companies—representing two-thirds of the global market value—reported environmental data through CDP. WuXi Biologics was named to the CDP’s SEA A List for superior performance regarding supplier climate engagement in terms of governance and business strategy, targets, Scope 3 emissions reporting, and risk management process. The company has also been included in CDP’s Water Security A List and has received Climate Change Leadership-level scores from the organization for two consecutive years.

Committed to the Science Based Target initiative (SBTi), WuXi Biologics has adopted an integrated strategy to tackle climate change with measurable targets and a refined roadmap. The company realized a 30% intensity reduction of GHG (Scope 1 and Scope 2) emissions in 2024 from the base year 2020, and aims to achieve net-zero emissions from overall operations by 2050. While diligently pursuing its own climate goals, the company also actively engages with suppliers—through comprehensive sustainable supply chain management, Scope 3 data disclosure and target tracking—to help achieve positive impacts across the entire value chain.

Dr. Chris Chen, CEO of WuXi Biologics and Chairman of its ESG Committee, commented, “We are very pleased to be named to the CDP’s A List for its Supplier Engagement Assessment, an acknowledgement that further inspires our steadfast dedication to driving sustainability. As a global leader in Green CRDMO, we consistently deliver ESG excellence, enable partners worldwide with end-to-end solutions, and work together with all stakeholders to promote responsible practices.”

As a participant of the United Nations Global Compact (UNGC) and Pharmaceutical Supply Chain Initiative (PSCI), WuXi Biologics proactively advocates sustainability and has earned widespread recognitions for its efforts. The company was granted an MSCI AAA Rating; awarded an EcoVadis Platinum Medal; listed in the Dow Jones Sustainability Indices (DJSI); named to the CDP Water Security “A List” and awarded an A- CDP Climate Change leadership-level score for two consecutive years; given the highest negligible-risk rating by Sustainalytics, and recognized as a Sustainalytics industry and regional ESG top-rated company for five consecutive years; selected as a Constituent of the FTSE4Good Index Series; listed in the Hang Seng ESG 50 Index; and rated as Prime by ISS ESG Corporate Rating.

About CDP

CDP is a global non-profit that runs the world’s only independent environmental disclosure system. As the founder of environmental reporting, the organization believes in transparency and the power of data to drive change. Partnering with leaders in enterprise, capital, policy and science, CDP surfaces the information needed to enable Earth-positive decisions. It helped more than 24,800 companies and 1,100 cities, states and regions disclose their environmental impacts in 2024. Financial institutions with more than a quarter of the world’s institutional assets use CDP data to help inform investment and lending decisions. Aligned with the ISSB’s climate standard, IFRS S2, as its foundational baseline, CDP integrates best-practice reporting standards and frameworks in one place. The team is truly global, united by a shared desire to build a world where people, planet and profit are truly balanced.

About WuXi Biologics

WuXi Biologics (stock code: 2269.HK) is a leading global Contract Research, Development and Manufacturing Organization (CRDMO) offering end-to-end solutions that enable partners to discover, develop and manufacture biologics – from concept to commercialization – for the benefit of patients worldwide.

With over 12,000 skilled employees in China, the United States, Ireland, Germany and Singapore, WuXi Biologics leverages its technologies and expertise to provide customers with efficient and cost-effective biologics discovery, development and manufacturing solutions. As of December 31, 2024, WuXi Biologics is supporting 817 integrated client projects, including 21 in commercial manufacturing (excluding COVID CMO projects).

WuXi Biologics regards sustainability as the cornerstone of long-term business growth. The company continuously drives green technology innovations to offer advanced end-to-end Green CRDMO solutions for its global partners while consistently achieving excellence in Environment, Social and Governance (ESG). Committed to creating shared value, it collaborates with all stakeholders to foster positive social and environmental impacts and promote responsible practices that empower the entire value chain.

For more information about WuXi Biologics, please visit: www.wuxibiologics.com.

HDBank Hits Record H1 Pre-tax Profit


HO CHI MINH CITY, VIETNAM – Media OutReach Newswire – 7 August 2025 – HDBank (HoSE: HDB) has reported a record pre-tax profit of VND10.1 trillion (US$383 million) for the first half of 2025, up 23.3 per cent year-on-year, driven by strong digital transformation, robust credit growth, and prudent risk management.

HDBank has announced its highest-ever H1 pre-tax profit of VND10.1 trillion (US$383 million). — Photo Courtesy of HDBank
HDBank has announced its highest-ever H1 pre-tax profit of VND10.1 trillion (US$383 million). — Photo Courtesy of HDBank

In Q2 alone, the bank posted VND4.7 trillion ($179 million) in pre-tax profit. Total operating income grew 30 per cent to nearly VND20.8 trillion ($791 million), supported by a 15.8 per cent rise in net interest income and a 210 per cent surge in non-interest income, notably from digital banking and forex trading.

Digitalisation enhanced cost efficiency, with the cost-to-income ratio falling to 25.5 per cent. HDBank maintained high profitability with a return on equity (ROE) of 26.5 per cent and return on assets (ROA) of 2.2 per cent.

As of June 30, total assets stood at VND784 trillion ($29.8 billion), up 12.4 per cent year-to-date. Customer deposits reached VND664 trillion ($25.2 billion), rising 7 per cent, while outstanding loans climbed 18.2 per cent to over VND517 trillion ($19.6 billion), nearly double the sector-wide growth. Credit was channeled to infrastructure, manufacturing, consumption, and low-risk sectors.

Its non-performing loan (NPL) ratio was kept low at 1.94 per cent, and the capital adequacy ratio (CAR) exceeded 13 per cent under Basel II.

The bank continued to support key government and central bank programmes, including loans for affordable housing, digital infrastructure, high-tech agriculture, and green finance.

Subsidiaries under HD Financial Group also recorded strong performances. HD SAISON served 15.5 million customers across 27,100 service points, with a H1 pre-tax profit of VND709 billion ($26.9 million), up 18 per cent. Vikki Digital Bank, formerly Đông Á Bank, surpassed one million app downloads in five months. HD Securities reported VND382 billion ($14.5 million) in profit and an ROE of 29 per cent, ranking among the top 10 most profitable brokerages.

Digital channels contributed 75 per cent of new customer acquisitions in Q2, while 94 per cent of individual transactions were made online. The bank continues to expand its digital ecosystem with AI-driven solutions and advanced platforms.

HDBank recently received several prestigious awards, including from Forbes Vietnam and the ASEAN Corporate Governance Awards 2025.

Hashtag: #HDBank

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

Easou Technology Announces Strategic Investment in CP Group’s Lightnet, Creating New Growth Opportunities in the Global RWA Market

HONG KONG, Aug. 7, 2025 /PRNewswire/ — Easou Technology Holdings Limited (“Easou” or the “Company”; HKEX stock code: 2550), a leading AI-powered search and recommendation technology company, is pleased to announce a USD 5 million strategic investment in Lightnet Group (“Lightnet”), a fintech company under The Charoen Pokphand Group (“CP Group”). This investment marks a pivotal step in Easou’s global strategy, uniting the Company’s expansive content ecosystem and vast user base with Lightnet’s leading capabilities in Web3 technology and cross-border payment solutions. Easou will also benefit from CP Group’s global resource network, which will further strengthen the Company’s strategic positioning and leadership in the Real-World Asset (RWA) sector.

Easou Technology and Lightnet Group Strategic Cooperation Signing Ceremony
Easou Technology and Lightnet Group Strategic Cooperation Signing Ceremony

Lightnet is a leading fintech platform under CP Group, one of Asia’s largest diversified conglomerates, and is the world’s first cross-border remittance service provider built on stablecoin technology with robust payment technology and a global acceptance network. In 2024, Lightnet’s platform recorded transaction volumes exceeding USD 15 billion, serving over 100 financial institutions and more than 200,000 merchants. Mr. Chatchaval Jiaravanon, chairman and founder of Lightnet, is a key member of CP Group Family and also serves chairman and founder of Charoen Energy and Water Asia. In addition to CP Group’s strong backing, Lightnet has secured USD 150 million in joint investments from prominent international institutions, including United Overseas Bank (UOB), Seven Bank, Hanwha Group, and HashKey.

At the signing ceremony held in Bangkok, Thailand, Mr. Wang Xi, Executive Director, Chairman, and CEO of Easou, and Mr. Chatchaval Jiaravanon, Chairman and Founder of Lightnet, had in-depth discussions about collaboration opportunities. Mr. Wang Xi emphasized: “As a company deeply engaged in artificial intelligence and digital content, Easou Technology is committed to building a forward-looking digital economy ecosystem. This strategic investment in Lightnet will create powerful synergies between our ecosystems and technological strengths. By combining Lightnet’s pioneering Web3 fintech expertise with CP Group’s robust global network, Easou will accelerate the development of a comprehensive ‘AI+Web3+RWA’ ecosystem, with a focus on RWA digitization and new energy assets to capture opportunities in Southeast Asia’s emerging markets.”

About Easou Technology Holdings Limited

Easou Technology Holdings Limited (HKEX: 2550) is a China-based digital technology company specializing in AI-powered content distribution and recommendation. Founded in 2005 and headquartered in Shenzhen, it is recognized as a National High-Tech Enterprise and an Innovative SME. Easou’s core businesses span digital marketing, online reading, game publishing, and other digital content services. Its proprietary AI recommendation engine underpins personalized content delivery and ad targeting across these verticals, making it one of China’s earliest commercial adopters of AI recommendation technologies.

XtalPi and DoveTree Announce Landmark $6 Billion AI Drug Discovery Collaboration

Strategic partnership leverages AI and robotics for novel therapeutics across oncology, immunology, inflammation, neurology, and metabolic diseases.

CAMBRIDGE, Mass., Aug. 7, 2025 /PRNewswire/ — XtalPi (2228.HK), a leading global technology company in integrating artificial intelligence (AI) and robotics for drug and materials discovery, announced a transformative strategic collaboration with DoveTree Medicines, a biotechnology pioneer founded by renowned drug developer Dr. Gregory Verdine. The collaboration, worth up to $5.99 billion, represents one of the largest commitments to date for AI- and robotics-driven pharmaceutical R&D.

Under the agreement, DoveTree gains exclusive global rights to develop and commercialize a portfolio of innovative therapeutics generated through the partnership. XtalPi has received an upfront payment of $51 million and is eligible for $49 million in additional near-term payments, plus development and commercial milestones, as well as tiered royalties totaling up to $5.89 billion.

This collaboration merges XtalPi’s integrated drug discovery capabilities with DoveTree’s deep biological expertise in selecting and validating novel targets of high therapeutic potential. Together, the companies will focus on developing first-in-class candidates across oncology, immunology and inflammatory diseases, neurological disorders, and metabolic dysregulation with significant unmet needs. The partnership will advance DoveTree’s selected pipeline of projects targeting historically challenging mechanisms, with plans to expand joint R&D capabilities in emerging modalities like molecular glue.

DoveTree Medicines was founded by Dr. Gregory Verdine, an internationally esteemed scientist, entrepreneur, and seasoned investor in the biopharmaceutical field, with outstanding achievements in both academia and industry. He has co-founded over a dozen biopharmaceutical companies, including more than five publicly listed firms such as Enanta Pharmaceuticals (NASDAQ: ENTA), Rein Therapeutics (NASDAQ: RNTX), and WaVe Life Sciences (NASDAQ: WVE). Credited with originating the “drugging the undruggable” concept, Dr. Verdine has pioneered unique molecular glue and peptide technology platforms, successfully applying them to the drug development against “undruggable” proteins such as RAS, Myc, and β-catenin. He has co-developed three FDA-approved drugs, with over a dozen additional candidates currently in clinical development.

XtalPi has developed an intelligent de novo drug discovery platform that spans small molecules, biologics, antibody-drug conjugates (ADCs), and molecular glues. This multimodal capability enables the efficient exploration of parallel drug development approaches against single targets and unlocks broader chemical space. By integrating quantum physics predictions, AI-driven molecular design, and a large-scale robotic lab-in-the-loop, XtalPi significantly accelerates the drug discovery workflow—from target analysis and molecular generation to affinity prediction, ADMET assessment, and synthesis design—with enhanced accuracy and efficiency. Through extensive partnerships with innovative pharmaceutical companies, XtalPi’s platform has been rigorously validated in real-world projects, accumulating vast datasets of standardized experimental data and high-precision computational data to continuously optimize models within a closed feedback loop.

Dr. Gregory Verdine, Founder and Chief Executive Officer of DoveTree, stated: “XtalPi’s unique platform has the potential to transform the profound uncertainties of drug discovery into quantifiable engineering solutions. Their demonstrated ability to innovate at scale makes them a valuable partner in pursuing drug targets that are beyond conventional methods. By merging DoveTree’s biological insights and extensive R&D expertise with XtalPi’s powerful platform, we aim to deliver transformative therapies for patients globally.”

Dr. Shuhao Wen, Chairman of XtalPi, commented: “Dr. Verdine and DoveTree bring exceptional biological acumen, business vision, and a proven track record of translational success, perfectly complementing our platform’s strengths in high-throughput molecule generation, design, and validation. This partnership positions us to accelerate breakthroughs against complex diseases while expanding the frontiers of AI-driven drug discovery. XtalPi remains committed to advancing our core technologies and working closely with leading innovators to help build diverse pipelines of impactful medicines.”

About DoveTree Medicines

DoveTree Medicines is a biotech company dedicated to discovering first-in-class medicines for diseases with profound unmet medical needs. Founded and led by distinguished scientist-entrepreneur Dr. Gregory Verdine, DoveTree integrates deep biological insight and advanced AI to unlock novel therapeutic pathways and accelerate the development of transformative medicines, translating pioneering science into meaningful patient benefit.

About XtalPi

XtalPi Holdings Limited (XtalPi, 2228.HK) was founded in 2015 by three physicists from the Massachusetts Institute of Technology (MIT). It is an innovative R&D platform powered by quantum physics, artificial intelligence, and robotics. By integrating first-principles calculations, AI algorithms, high-performance cloud computing, and standardized automation systems, XtalPi provides digital and intelligent R&D solutions for companies in the pharmaceutical, materials science, agricultural technology, energy, new chemicals, and cosmetics industries.