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Zymedi Announces “rapaprutug” as the International Nonproprietary Name (INN) for ZMA001

INCHEON, South Korea, Dec. 8, 2025 /PRNewswire/ — Zymedi (CEO Sunghoon Kim) announced that the World Health Organization (WHO) has assigned rapaprutug as the International Nonproprietary Name (INN) for the company’s first-in-class antibody therapy ZMA001, being developed as a treatment for pulmonary arterial hypertension (PAH).

The assignment of the name rapaprutug (development code: ZMA001) marks a key global milestone and establishes a unified scientific identity for Zymedi’s lead candidate as it advances through development. The antibody is currently being evaluated in an ongoing Phase 1 clinical trial at the National Institutes of Health (NIH) Clinical Center in the United States.

“We are very pleased that the WHO has designated the nonproprietary name rapaprutug for our lead PAH program,” said Sunghoon Kim, CEO and Founder of Zymedi and professor at Yonsei University. “This milestone underscores our team’s long-term efforts to discover and develop innovative biologic therapies that address the root causes of macrophage-driven inflammatory and fibrotic diseases such as pulmonary arterial hypertension and asthma. We remain committed to bringing meaningful treatments to patients worldwide.”

The WHO INN system assigns unique, globally recognized names for pharmaceutical substances to ensure clear international communication among scientists, regulators, and clinicians. The publication of rapaprutug in INN Recommended List 94 officially establishes the compound’s global nonproprietary identity.

About rapaprutug (ZMA001)

Rapaprutug (ZMA001) is a first-in-class human monoclonal antibody that exerts its therapeutic efficacy by inhibiting the infiltration of inflammation-inducing macrophages into the damaged tissues. In 2023, Zymedi entered into a Collaborative Research and Development Agreement (CRADA) with the U.S. National Institutes of Health (NIH) to advance the development of ZMA001, primarily to treat PAH. As part of this collaboration, the NIH Clinical Center initiated a Phase 1 clinical trial in healthy volunteers in January 2024. In July of the same year, the U.S. Food and Drug Administration (FDA) granted ZMA001 Orphan Drug Designation (ODD).

About Zymedi

Zymedi is a global biopharmaceutical company committed to transforming the therapeutic landscape by redefining the biological roles of aminoacyl-tRNA synthetases (ARSs) and leveraging them as therapeutic targets and agents for the discovery and development of innovative treatments for patients with serious and life-threatening conditions that lack effective therapies or standard-of-care options.

For more information, please visit www.zymedi.com/

Lunit Submits 510(k) Application for Image-Based Breast Cancer Risk Prediction Model

Submission marks a key regulatory milestone toward bringing SEER-calibrated, imaging-based risk assessment to U.S. screening programs

SEOUL, South Korea, Dec. 8, 2025 /PRNewswire/ — Lunit (KRX:328130), a leading provider of AI for cancer diagnostics and precision oncology, today announced that it has submitted a 510(k) premarket notification to the U.S. Food and Drug Administration (FDA) for Lunit INSIGHT Risk, a mammography-based five-year breast cancer risk prediction model. Potential clearance is expected in 2026.

Lunit INSIGHT Risk estimates a woman’s five-year breast cancer risk directly from screening mammograms (either synthetic or digital mammography) without the need for patient questionnaires. The technology was originally developed at Washington University School of Medicine in St. Louis by Dr. Graham Colditz and Dr. Shu (Joy) Jiang, and later acquired by Lunit.
It is the first AI solution to generate SEER-calibrated five years absolute risk estimates for U.S. women. For example, a 5 percent risk indicates that 5 of 100 women with similar risk profiles are expected to develop breast cancer within the next five years.

The model’s performance has been validated in two peer-reviewed studies published in JAMA Network Open and JCO Clinical Cancer Informatics, showing discriminative performance with 5-year AUCs up to 0.80 across diverse screening populations in the U.S. and Canada. These studies also showed consistent performance regardless of age, race, or breast density, supporting its potential for equitable clinical adoption.

“Image-based risk assessment represents an important step toward making breast cancer prevention more precise and more accessible,” said Graham Colditz, MD, DrPH, Professor of Washington University School of Medicine in St. Louis. “Our research has shown that mammography-derived five-year absolute risk can be both highly discriminative and well calibrated to U.S. disease incidence rates, allowing clinicians to identify women who may benefit most from supplemental screening or preventive strategies. With Lunit advancing this technology toward regulatory review, we have an opportunity to bring evidence-based, personalized risk prediction closer to routine clinical practice.”

The model received FDA Breakthrough Device Designation last April and Lunit had been participating in the FDA Total Product Lifecycle Advisory Program (TAP), which enables more structured and frequent engagement with the agency during development and review. The program also supports discussions with non-FDA stakeholders to expedite market adoption, clinical use, and patient access.

“Submitting our first 510(k) for an image-based risk prediction model is an important milestone for Lunit and for the advancement of personalized breast cancer screening,” said Brandon Suh, CEO of Lunit. “By delivering absolute, guideline-aligned five-year risk estimates directly from routine screening images, Lunit INSIGHT Risk aims to support earlier and more informed decisions in preventive care. We believe this approach can help health systems implement practical risk-stratified strategies as screening recommendations continue to evolve. As screening programs increasingly shift from a one-size-fits-all approach to more personalized, risk-informed pathways, we see this submission not only as a scientific milestone but also as a strategic step that positions Lunit to meet the changing needs of health systems and patients.”

Lunit INSIGHT Risk is designed to integrate with the company’s broader breast health portfolio, including Lunit INSIGHT MMG and DBT detection models and Volpara Risk Pathways, creating a comprehensive foundation for risk-informed care workflows that span assessment, imaging, reporting, and longitudinal follow-up.

About Lunit

Founded in 2013, Lunit (KRX: 328130) is a global leader on a mission to conquer cancer through AI. Our clinically validated solutions span medical imaging, breast health, and biomarker analysis—empowering earlier detection, smarter treatment decisions, and more precise outcomes across the cancer care continuum.

Lunit offers a comprehensive suite spanning risk prediction and early detection to precision oncology. Our FDA-cleared Lunit INSIGHT suite and breast health solutions support cancer screening in thousands of medical institutions worldwide, while the Lunit SCOPE platform is used in research partnership with global pharma and laboratory leaders for biomarker research, and companion diagnostic development.

Trusted by over 10,000 sites in more than 65 countries, Lunit combines deep medical expertise with continuously evolving datasets to deliver measurable impact—for patients, clinicians, and researchers alike. Headquartered in Seoul with global offices, Lunit is driving the worldwide fight against cancer. Learn more at lunit.io/en.

DXC Appoints Russell Jukes as Chief Digital Information Officer to Strengthen Unified Digital Strategy

ASHBURN, Va., Dec. 8, 2025 /PRNewswire/ — DXC Technology (NYSE: DXC), a leading enterprise technology and innovation partner, today announced the appointment of Russell Jukes as Chief Digital Information Officer (CDIO). In this expanded role, Russell becomes the first to lead DXC’s end-to-end digital and AI agenda, accelerating the company’s AI-powered transformation and ensuring its global technology environment is optimized to support customers’ strategic operations and our employees AI fluency. 

DXC Appoints Russell Jukes as Chief Digital Information Officer to Strengthen Unified Digital Strategy
DXC Appoints Russell Jukes as Chief Digital Information Officer to Strengthen Unified Digital Strategy

Since joining DXC in 2017, Russell has played a pivotal role in shaping DXC’s digital strategy and global technology capabilities. He has overseen DXC’s enterprise technology environment and has been central to advancing modernization across platforms, applications, and employee experience. Most recently, he played a key role in supporting the development of Xponential, DXC’s proven AI framework that simplifies the complexity that often stalls large-scale AI adoption. 

As CDIO, Russell will bring together digital, information, and AI transformation agendas across the groups delivering services, solutions, and software to our customers. This approach reflects a broader industry shift in which digital leaders increasingly oversee AI investment and innovation, while technology leaders continue to run mission-critical environments. 

“Russell has been instrumental in leading DXC’s digital and technology transformation. He has modernized our core systems, empowered our teams with better tools, and strengthened our technology foundation to meet the needs of our customers. As DXC continues to expand our AI capabilities, his leadership will be essential in driving meaningful and measurable impact for our customers and for DXC.” Raul Fernandez, CEO, DXC 

The announcement further aligns DXC’s digital, data, and technology capabilities to accelerate enterprise-scale AI. In his expanded role, Russell will also advance DXC’s Human+ ways of working, introducing new models that enhance how teams collaborate, learn, and build next-generation solutions. 

“I am honored to take on this expanded role at a time when digital, information, and AI must operate as one connected strategy. This structure gives us the clarity and alignment needed to innovate faster, run smarter, and help our customers transform with confidence. I look forward to building on the momentum of Xponential and supporting the next wave of AI-driven capabilities across DXC.” Russell Jukes, Chief Digital Information Officer, DXC 

Before joining DXC, Russell held senior roles across global technology organizations at HP and HPE, where he led modernization, enterprise engineering, and digital operations programs. He also sponsors DXC talent and innovation initiatives focused on cloud transformation and responsible AI adoption. 

About DXC Technology
DXC Technology (NYSE: DXC) is a leading enterprise technology and innovation partner delivering software, services, and solutions to global enterprises and public sector organizations — helping them harness AI to drive outcomes at a time of exponential change with speed. With deep expertise in Managed Infrastructure Services, Application Modernization, and Industry-Specific Software Solutions, DXC modernizes, secures, and operates some of the world’s most complex technology estates. Learn more on dxc.com 

Abstract and Open World Partner to Launch the First National-Scale Tokenization Engine for the World’s Most Valuable Real-World Assets

For the first time, the world’s most strategic assets—AI supercomputing centers, strategic real estate and critical energy assets—are crossing the threshold into programmable digital markets.

NEW YORK, Dec. 8, 2025 /PRNewswire/ — The global economy is entering a new era where competitive advantage is defined not by access to capital alone, but by control of computational power, sovereign data, and the infrastructure that fuels modern civilization. Today, Abstract and Open World announce a landmark partnership to build the world’s first national-scale real-world asset (RWA) tokenization engine, capable of bringing the planet’s most valuable physical assets onto a next-generation, quantum-resistant zero-knowledge (ZK) blockchain anchored to Ethereum.

For decades, the planet’s most valuable assets have existed beyond the reach of modern digital markets. Hyperscale AI megacenters humming with the densest clusters of NVIDIA’s most advanced GPUs. Oil fields that fuel nations strategic national infrastructure. Energy grids, industrial complexes, sovereign reserves—all immense in value, yet trapped inside analog capital structures accessible only to a narrow band of global institutions.

Now, for the first time, these assets are stepping into the digital world and accessible to mainstream global investors.

AI megacenters and national energy reserves can be represented as tokenized Blue Chip real-world assets—unlocking liquidity, enabling compliant fractional ownership, and giving governments, regulated central organizations, and enterprises unprecedented control over how capital forms, moves, and interacts with their most strategic physical infrastructure and assets.

The Infrastructure: An Enterprise-Grade, Quantum-Resistant ZK Blockchain

At the center of this transformation will be Abstract’s next-generation, quantum-resistant ZK blockchain, backed by leading technology investors, including Peter Thiel’s Founders Fund, demonstrating how advanced blockchain technologies will enable new forms of tokenization by sovereign nations and enterprises operating at global scale.

Unlike legacy blockchains that expose data, or permissioned chains controlled by small validator groups, Abstract aims to deliver the scale, privacy, and decentralization guarantees required for trillion-dollar capital systems:

  • Over 10,000 TPS throughput
  • Low cost per transaction ($0.001)
  • Zero-knowledge cryptography for user and data privacy
  • Embedded policy controls, and absolute sovereign and enterprise-grade command.

The very pillars required for secure, compliant, nation-grade digital asset infrastructure.

“Our partnership with Abstract aims to unlock a new category of Blue Chip RWAs,” said Matt Shaw, Co-founder and CEO of Open World. Open World has already tokenized over $65 billion in premium crypto assets to date, providing institutional-scale infrastructure for real-world asset deployment. “Our RWA tokenization engine on Abstract will be a quantum-resistant platform for national economies—built for countries and enterprises that manage critical infrastructure, sovereign monetary systems, and multi-trillion-dollar asset portfolios.“

Internet Capital Markets: Tokenizing the World’s Most Premium RWAs

Through this alliance, AI supercomputing facilities—cathedrals of silicon and energy—can be expressed as programmable Blue Chip digital assets. Oil fields and energy infrastructure, long considered too strategic or politically sensitive to open to global capital markets, can now be represented as value appreciating premium digital instruments within fully compliant, sovereign or corporate frameworks.

The implications are profound. Liquidity can flow into assets previously inaccessible. Nations and global enterprises can modernize capital formation without relinquishing control. Global investors can access assets that define the 21st century—not as speculative tokens, but as regulated, institutional-grade digital instruments.

“Abstract unlocks what we call Internet Capital Markets, a world where financial systems live natively on the internet and move at the speed of culture,” said Abstract Co-Founder and CEO Michael Lee. “It complements traditional markets with a permissionless, borderless, high-throughput quantum-resistant blockchain that makes capital formation and trading as accessible and instant as posting online.“

Leaders from both organizations emphasized that this partnership is not merely commercial, it marks the moment financial systems begin operating natively on the internet: borderless, programmable, always on. By converting institutional real-world and digital assets into instant, compliant, globally accessible instruments, capital can finally move with the speed of culture and computation.

Why National-Scale Tokenization Requires Abstract and Ethereum, Not Centralized Chains

Sovereign stablecoins and national-grade RWA systems require unprecedented guarantees of decentralization, collusion resistance, and censorship immunity—standards centralized chains structurally cannot meet.

Russ McMeekin, Chairman of mCloud Saudi Arabia the Google Cloud Certified Web3 Platform running in the KSA Sovereign Data Center and leader of the global enterprise RWA initiative, explained, “The tokenization of premium Blue Chip RWAs demands the highest levels of security, compliance, and architectural sovereignty. Abstract on Ethereum is the only stack capable of delivering national-scale, enterprise-grade security tokenization and stablecoin issuance, while giving enterprises complete control within their own data centers. No foreign entity can freeze transactions, impose blacklists, or seize assets.“

Permissioned blockchains rely on a few hundred coordinated validators, an unacceptable risk surface for national infrastructure. Many public chains have repeatedly halted and restarted, demonstrating that their validator sets can coordinate to rewrite state. For sovereign and enterprise assets, this risk is existential.

Ethereum, secured by over one million active validators, stands alone as the most decentralized, economically secure, and censorship-resistant settlement layer in history. Abstract inherits Ethereum’s security and settlement guarantees while adding:

  • Sovereign-grade privacy
  • National-scale throughput
  • Embedded compliance and policy controls
  • On-premise deployment within enterprise and government datacenters

This ensures that AI megacenters, energy assets, and national infrastructure can be digitized without sacrificing sovereignty or control.

About Abstract
Abstract is a quantum-resistant zero-knowledge blockchain anchored to Ethereum, built for the next cultural era of the internet—where a new generation demands fun, ownership, and creativity, and where sovereign nations and global enterprises are transitioning from legacy financial systems to privacy-preserving stablecoins. Backed by Founders Fund and created by builders behind Ethereum, Pudgy Penguins, and Kubernetes, Abstract powers high-scale consumer experiences across gaming, digital collectibles, and the creator economy, while enabling compliant stablecoin issuance and premium real-world asset tokenization for enterprises and nation-states. Abstract sits at the intersection of culture and computation, building the digital infrastructure where the next generation will live, create, and transact. Learn more at abs.xyz.

Media Contact
Sunshine Sachs Morgan & Lylis (on behalf of Abstract)
abstract@ssmandl.com

Navitas, Cyient Semiconductors enter into a strategic partnership to accelerate GaN adoption in India’s AI, Mobility, Industrial, and Energy Markets

TORRANCE, Calif. and HYDERABAD, India, Dec. 8, 2025 /PRNewswire/ — Navitas Semiconductor Corporation (Nasdaq: NVTS), the industry leader in next-generation GaNFast™ gallium nitride (GaN) and GeneSiC™ silicon carbide (SiC) power semiconductors and Cyient Semiconductors Private Limited, a fast-growing provider of ASIC, ASSP and power solutions provider have announced a strategic long-term partnership intended to advance the adoption of GaN technology in India and establish a complete, end-to-end GaN ecosystem.  

Through this partnership, Navitas Semiconductor and Cyient Semiconductors intend to co-develop GaN products, digital and mixed signal ICs, GaN based system modules and design enablement platforms targeting India’s high voltage, high power market segments such as AI data centers, electric mobility, performance computing, energy grid infrastructure and industrial electrification.  

The partnership seeks to build a robust local supply chain and manufacturing ecosystem in support of the Indian Government’s “Make in India” initiative. In addition, through this partnership Navitas and Cyient Semiconductor aims to deploy IC technology in accelerating solution development for high voltage and high-power markets.

This is expected to include products based on Navitas’ existing GaN technologies, along with new products tailored for India’s unique market needs. Cyient Semiconductors’ work in establishing a secure local supply chain and ecosystem for GaN products in India will further accelerate time to market for developers and OEMs across the region. 

Suman Narayan, CEO, Cyient Semiconductors, said, “This partnership represents a pivotal step in India’s semiconductor future in solving the complexities of power delivery at high voltages. By combining Navitas’ proven GaN technology with Cyient Semi’s design, manufacturing, and supply-chain strengths, we’re creating a self-sustaining ecosystem that will accelerate the market adoption of GaN. Our goal is to make GaN accessible to every OEM looking to design, build, and scale from India.” 

“I believe the growth of GaN technology in India will exceed global trends, and Cyient Semiconductors is the perfect partner for Navitas to drive this revolution,” said Chris Allexandre, President and CEO of Navitas. “Together, Navitas and Cyient will power India’s vision of India for India – innovation, by India, for the world.” 

This initiative is intended to empower Indian design houses and OEMs with locally sourced GaN components and manufacturing support, enabling faster development cycles and reducing barriers to GaN adoption in India. It also reinforces Cyient Semiconductors’ ambition to driving semiconductor innovation, localization, and scalability across critical technology sectors. 

This collaboration between Cyient Semiconductors and Navitas establishes a direct channel for Indian customers to access GaN technology, along with reliable procurement, engineering collaboration and technical support. 

For more information on the partnership and products please visit https://navitassemi.com/ or cyinetsemi.com/GaN.

About Navitas
Navitas Semiconductor (Nasdaq: NVTS) is a next-generation power semiconductor leader in gallium nitride (GaN) and IC integrated devices, and high-voltage silicon carbide (SiC) technology, driving innovation across AI data centers, performance computing, energy and grid infrastructure, and industrial electrification. With more than 30 years of combined expertise in wide bandgap technologies, GaNFast™ power ICs integrate GaN power, drive, control, sensing, and protection, delivering faster power delivery, higher system density, and greater efficiency. GeneSiC™ high-voltage SiC devices leverage patented trench-assisted planar technology to provide industry-leading voltage capability, efficiency, and reliability for medium-voltage grid and infrastructure applications. Navitas has over 300 patents issued or pending and is the world’s first semiconductor company to be CarbonNeutral®-certified. 

Navitas Semiconductor, GaNFast, GaNSense, GaNSafe, GeneSiC, and the Navitas logo are trademarks or registered trademarks of Navitas Semiconductor Limited or affiliates. All other brands, product names and marks are or may be trademarks or registered trademarks used to identify products or services of their respective owners. 

About Cyient Semiconductors
Cyient Semiconductors is a Hyderabad-headquartered provider of custom ASIC/ASSP solutions, with a focus on analog mixed-signal, intelligent power, and advanced semiconductor platforms. With design centers in India, Belgium, and the U.S., Cyient Semiconductors enables global customers in data centers, robotics, automotive, and industrial automation to achieve higher efficiency and faster time-to-market. 

Cautionary Statement Regarding Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are attempts to predict or indicate future events or trends or similar statements that are not a reflection of historical fact. Forward-looking statements may be identified by the use of words such as “we expect” or “are expected to be,” “estimate,” “plan,” “project,” “forecast,” “intend,” “anticipate,” “believe,” “seek,” or other similar expressions. Forward-looking statements are made based on estimates and forecasts of financial and performance metrics, projections of market opportunity and market share and current indications of customer interest, all of which are based on various assumptions, whether or not identified in this press release. All such statements are based on current expectations of the management of Navitas and Cyient and are not predictions of actual future performance. Forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions and expectations. Many actual events and circumstances that affect performance are beyond the control of Navitas and/or Cyient, and forward-looking statements are subject to a number of uncertainties. Our businesses are subject to certain risks that could materially and adversely affect our respective business, financial condition, results of operations, or the value of our securities. For Navitas, these and other risk factors are discussed in the Risk Factors section beginning on p. 15 of our annual report on Form 10-K for the year ended December 31, 2024, as updated in the Risk Factors section of our most recent quarterly report on Form 10-Q, and in other documents we file with the SEC. If any of these risks, as discussed in more detail in our SEC reports, materialize or if our assumptions underlying forward-looking statements prove to be incorrect, actual results could differ materially from the results implied by these forward-looking statements.

Navitas Contact Information
Vipin Bothra
info@navitassemi.com  

Navitas Investor Contacts
Leanne Sievers | Brett Perry
Shelton Group
sheltonir@sheltongroup.com

Cyient Semiconductors Contact
Phalguna Hari jandhyala
phalguna.harijandhyala@cyient.com  

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

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

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

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.