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Texxon Holding Limited Announces Financial Results for Fiscal Year 2025

SHANGHAI, Nov. 19, 2025 /PRNewswire/ — Texxon Holding Limited (Nasdaq: NPT) (the “Company” or “Texxon”), a leading provider of supply chain management services in the plastics and chemical industries in East China, today announced its financial results for the fiscal year ended June 30, 2025.

Mr. Hui Xu, Chief Executive Officer and Chairman of Texxon, commented: “We are pleased to report strong results for the fiscal year ended June 30, 2025. To align with evolving market conditions and the broader industry environment, we implemented a strategic shift in our sales and marketing efforts toward high-growth sectors such as automotive, new energy, and chemical industries. Leveraging our core strengths in basic chemicals and plastic particles, we expanded our sales team to further broaden our customer base, market coverage, and penetration across China.”

“The refinement of our basic chemical product portfolio contributed to an improved average selling price. Our plastic particle sales surged as sales volume increased in response to increased demand, driven by their expanded application in new fields such as automotive, new energy and chemical industries, despite a decline in selling prices. Collectively, these initiatives drove an 18.5% increase in overall revenue, highlighted by an 88.5% surge in plastic-particle sales, while basic-chemical sales slightly grew 1.5%.”

“We prioritized business scale and long-term customer relationships over short-term margin gains. While this strategy temporarily compressed gross margin and profit, we believe it will strengthen customer retention, stabilize cash flows, and support sustainable profitability over the long term.”

“We are accelerating the construction of a factory to manufacture polystyrene, including production lines, storage facilities, and supporting infrastructure, located in Henan Province, China (the “Henan Polystyrene Factory”), which is scheduled to begin production in the fourth quarter of 2025. Once operational, we expect it will enable us to better meet market demand and capture higher margins amid potential shortages in chemical and plastic raw materials.”

“Looking ahead, we remain committed to achieving profitable growth through enhanced operational efficiency, deeper customer relationships, and disciplined product portfolio and pricing strategies. We believe, these initiatives will support long-term shareholder value and position Texxon for continued growth in an increasingly dynamic market.”

Fiscal Year 2025 Financial Summary 

  • Revenue was $797.15 million for fiscal year 2025, representing an increase of 18.5% from $672.66 million for fiscal year 2024.
  • Gross profit was $4.70 million for fiscal year 2025, compared to $4.82 million for fiscal year 2024.
  • Gross profit margin was 0.6% for fiscal year 2025, compared to 0.7% for fiscal year 2024.
  • Net loss was $1.45 million for fiscal year 2025, compared to net income of $2.51 million for fiscal year 2024.
  • Net loss attributable to Texxon was $0.93 million for fiscal year 2025, compared to net income attributable to Texxon of $0.95 million for fiscal year 2024.
  • Basic and diluted losses per share were $0.05 for fiscal year 2025, compared to basic and diluted earnings per share of $0.05 for fiscal year 2024.

Fiscal Year 2025 Financial Results 

Revenue

Revenue was $797.15 million for fiscal year 2025, representing an increase of 18.5% from $672.66 million for fiscal year 2024.

 (($ millions, except for percentages)

For the Fiscal Year Ended

June 30,

Change

In million

2025

%

2024

%

$

%

Revenue:

Basic chemicals

$

524.64

65.8

%

$

517.03

76.9

%

$

7.61

1.5

%

Plastic particles

272.39

34.2

%

144.50

21.5

%

127.89

88.5

%

Other products

0.12

0.0

%

11.13

1.6

%

(11.02)

(98.9)

%

Total revenue

$

797.15

100

%

$

672.66

100

%

$

124.49

18.5

%

 

  • Sales of basic chemicals were $524.64 million for fiscal year 2025, representing an increase of 1.5% from $517.03 million for fiscal year 2024. The increase was primarily attributable to an increase in average sales price.
  • Sales of plastic particles were $272.39 million for fiscal year 2025, representing an increase of 88.5% from $144.50 million for fiscal year 2024. The increase was primarily attributable to an increase in sales volume.
  • Sales of other products were $0.12 million for fiscal year 2025, compared to $11.13 million for fiscal year 2024. The decrease in revenue was primarily attributable to no sales of black metal for the fiscal year 2025, which had contributed approximately $11.0 million revenue from sales of other products for the fiscal year 2024.

Cost of Sales

Cost of sales was $792.45 million for fiscal year 2025, representing an increase of 18.7% from $667.85 million for fiscal year 2024. The increase in cost of sales was largely attributable to the increase in the Company’s sales volume of plastic particles by approximately 188.7 thousand tons, or 138.3%. The increase in cost of sales is in line with the increase in revenue.

Gross Profit and Gross Profit Margin

Gross profit was $4.70 million for fiscal year 2025, compared to $4.82 million for fiscal year 2024.

Gross profit margin was 0.6% for fiscal year 2025, compared to 0.7% for fiscal year 2024. Gross profit and gross margin decreased primarily due to the Company’s strategic shift toward serving major customers, to whom the Company offered more competitive pricing. The Company prioritized expanding business scale and strengthening long-term customer relationships over pursuing short-term high-margin transactions. This strategy temporarily reduced gross margin but is expected to enhance customer retention, stabilize cash flows, and support sustainable profitability growth in the long term.

Operating Expenses

Operating expenses were $5.30 million for fiscal year 2025, representing an increase of 27.5% from $4.16 million for fiscal year 2024.

  • Selling expenses were $2.41 million for fiscal year 2025, representing an increase of 21.2% from $1.99 million for fiscal year 2024. The increase in selling expenses was mainly due to (i) salary and welfare benefit expenses increased by approximately $0.3 million mainly due to the addition of marketing personnel to support the Company’s business expansion and higher commissions and bonuses paid to sales staff in connection with the increase in sales; (ii) shipping and delivery expenses increased by approximately $0.1 million, or 7.2%, from approximately $1.0 million for the fiscal year 2024 to approximately $1.1 million for the fiscal year 2025. This increase was primarily due to an increase in sales volume and increased use of third-party shipping services for the sale of plastic particles. The total sales volume of plastic particles increased by 189 thousand tons, or 138.8%, from 136.0 thousand tons for the fiscal year 2024 to 324.8 thousand tons for the fiscal year 2025.
  • General and administrative expenses were $2.89 million for fiscal year 2025, representing an increase of 33.3% from $2.17 million for fiscal year 2024. The increase was mainly due to (i) an expected credit loss of approximately $0.7 million for the fiscal year 2025, compared to $1,385 of credit loss recovered for the fiscal year 2024, primarily due to full credit losses established against specific customer receivables following assessment of credit deterioration; and (ii) an increase in salary and welfare benefit expenses of approximately $0.1 million due to an increase in personnel in general and administrative department, (iii) an increase in depreciation and amortization expenses of approximately $0.1 million, partially offset by (iv) a decrease in professional services fee of approximately $0.2 million.
  • Other expenses were $1.37 million for fiscal year 2025, compared to other income of $2.57 million for fiscal year 2024. The decrease was primarily attributable to one-time government grants of approximately $2.9 million received in connection with the construction of Henan Polystyrene Factory, which are recognized as a reduction of the cost of construction in progress rather than as other income.

Net Income (loss)

Net loss was $1.45 million for fiscal year 2025, compared to net income of $2.51 million for fiscal year 2024. Net loss attributable to Texxon was $0.93 million for fiscal year 2025, compared to net income attributable to Texxon of $0.95 million for fiscal year 2024.

Basic and Diluted Earnings (losses) per Share

Basic and diluted losses per share were $0.05 for fiscal year 2025, compared to basic and diluted earnings per share of $0.05 for fiscal year 2024.

Financial Condition

As of June 30, 2025, the Company had cash and cash equivalents of $2.52 million, an increase from $0.27 million as of June 30, 2024.

Net cash provided by operating activities was $2.32 million for fiscal year 2025, compared to net cash used in operating activities of $30.80 million for fiscal year 2024.

Net cash used in investing activities was $42.25 million for fiscal year 2025, compared to $11.02 million for fiscal year 2024.

Net cash provided by financing activities was $41.36 million for fiscal year 2025, compared to $29.36 million for fiscal year 2024.

Recent Development

On October 23, 2025, the Company completed its initial public offering (the “Offering”) of 1,900,000 ordinary shares at a public price of US$5.00 per share. On October 28, 2025, the underwriters of the Offering fully exercised their over-allotment option to purchase an additional 285,000 ordinary shares of the Company at the public offering price of US$5.00 per share. The gross proceeds were US$10,925,000 from the Offering, before deducting underwriting discounts and commissions, and other expenses. The Company’s ordinary shares began trading on the Nasdaq Capital Market on October 22, 2025, under the ticker symbol “NPT.”

About Texxon Holding Limited

Texxon Holding Limited is a leading provider of supply chain management services in the plastics and chemical industries in East China. Through its technology-enabled platform, the Company provides a full spectrum of services to Chinese SME customers, including procurement, shipping and logistics, payments and fulfillment services. It aspires to build the largest one-stop plastic and chemical raw material supply chain management platform in China, to streamline the complex and labor-intensive raw material procurement process and enhance convenience, cost-effectiveness, and efficiency for customers. Texxon has built a highly scalable distributed software architecture for continuous improvement, and an effective User Experience Design (UED) process to improve the customer experience. In addition, with over a decade of experience, the Company has amassed substantial transaction data, including supplier and customer information, price trends, category-specific price indexes and market demand volume, to analyze price trends and market demands and make informed decisions. For more information, please visit the Company’s website: ir.npt-cn.com.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements, including, but not limited to, the timeline and effects regarding the construction and production of the Henan Polystyrene Factory. These forward-looking statements involve known and unknown risks and uncertainties related to market conditions, and other factors discussed in the “Risk Factors” section of the Company’s Annual Report on Form 20-F for the fiscal year ended June 30, 2025 filed with the U.S. Securities and Exchange Commission (the “SEC”) and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these statements by the use of words such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s latest annual report on Form 20-F and other filings with the SEC. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov.

For more information, please contact:

Texxon Holding Limited
Investor Relations Department
Email: ir@totrade.cn

Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email: investors@ascent-ir.com 

 

TEXXON HOLDING LIMITED AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

AS OF JUNE 30, 2025 AND 2024

(EXPRESSED IN U.S. DOLLARS)

June 30,

2025

June 30,

2024

ASSETS

CURRENT ASSETS:

Cash and cash equivalents

$

2,517,577

$

272,895

Restricted cash

562

785,105

Accounts receivable, net

7,522,465

11,094,702

Note receivables

–

1,885,183

Advanced to suppliers

2,675,445

1,632,975

Inventories

973,644

873,720

Loan to a related party

153,554

151,365

Prepayments and other current assets

6,918,026

1,353,457

TOTAL CURRENT ASSETS

20,761,273

18,049,402

NON-CURRENT ASSETS:

Property, plant and equipment, net

84,623,119

23,363,352

Intangible assets, net

6,164,781

6,207,309

Prepayments for long-term assets

24,522,149

39,307,235

Deferred offering costs

634,978

538,584

Equity investment

2,261,433

2,229,194

TOTAL NON-CURRENT ASSETS

118,206,460

71,645,674

TOTAL ASSETS

$

138,967,733

$

89,695,076

LIABILITIES

CURRENT LIABILITIES:

Short-term borrowings

$

20,624,062

$

25,788,560

Accounts payable

763,343

1,294,480

Contract liabilities

2,272,179

637,537

Accrued expenses and other current liabilities

19,258,940

9,790,325

Due to related parties

29,826,131

19,807,637

TOTAL CURRENT LIABILITIES

72,744,655

57,318,539

NON-CURRENT LIABILITIES:

Long-term borrowings

32,175,020

–

TOTAL LIABILITIES

$

104,919,675

$

57,318,539

Commitments and contingencies (Note 16)

SHAREHOLDERS’ EQUITY (DEFICIT):

Ordinary shares, $0.0001 par value, 500,000,000 shares authorized,
20,000,000 and 20,000,000 shares issued and outstanding as of
June 30, 2025 and 2024, respectively.*

2,000

2,000

Additional paid-in capital*

777,992

777,992

Accumulated deficit

(4,316,467)

(3,383,846)

Accumulated other comprehensive loss

(275,578)

(245,500)

SHAREHOLDERS’ DEFICIT ATTRIBUTABLE TO TEXXON HOLDING LIMITED                       

(3,812,053)

(2,849,354)

Non-controlling interests

37,860,111

35,225,891

TOTAL EQUITY

34,048,058

32,376,537

TOTAL LIABILITIES AND EQUITY

$

138,967,733

89,695,076

*

Shares presented on a retroactive basis to reflect the reorganization.

 

TEXXON HOLDING LIMITED AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME/(LOSS)

FOR THE FISCAL YEARS ENDED JUNE 30, 2025, 2024 AND 2023

(EXPRESSED IN U.S. DOLLARS)

For the Fiscal Year ended

June 30,

2025

2024

2023

REVENUE

Sales revenue generated from third parties

$

797,148,640

$

672,662,697

$

549,879,053

Sales revenue generated from related parties

–

–

2,647,129

Total revenue

797,148,640

672,662,697

552,526,182

COST OF SALES

Cost of sales charged by third parties

(789,783,093)

(662,621,392)

(541,218,715)

Cost of sales charged by related parties

(2,015,752)

(4,987,246)

(7,569,836)

Tax and surcharges

(649,245)

(236,983)

(204,138)

Total cost of sales

(792,448,090)

(667,845,621)

(548,992,689)

GROSS PROFIT

4,700,550

4,817,076

3,533,493

OPERATING EXPENSES

Selling and marketing expenses

(2,413,149)

(1,990,991)

(996,638)

General and administrative expenses

(2,888,047)

(2,166,116)

(1,282,757)

Total operating expenses

(5,301,196)

(4,157,107)

(2,279,395)

(LOSS) INCOME FROM OPERATIONS

$

(600,646)

$

659,969

$

1,254,098

OTHER INCOME (EXPENSES):

Interest (expenses) income, net

(408,843)

(470,288)

197,428

Interest income – related parties

–

34,922

592,581

Other income, net

55,680

105,603

86,585

Government grants

216,574

2,896,219

–

Total other income (expenses), net

(136,589)

2,566,456

876,594

INCOME (LOSS) BEFORE PROVISION FOR INCOME TAXES

(737,235)

3,226,425

2,130,692

INCOME TAXES EXPENSES

(716,897)

(716,782)

(42,998)

NET INCOME (LOSS)

(1,454,132)

2,509,643

2,087,694

Less: net income (loss) attributable to non-controlling interest

(521,511)

1,556,083

65,542

NET INCOME (LOSS) ATTRIBUTABLE TO TEXXON HOLDING LIMITED

(932,621)

953,560

2,022,152

OTHER COMPREHENSIVE INCOME (LOSS)

Foreign currency translation income (loss)

469,036

1,218,751

(1,502,270)

TOTAL COMPREHENSIVE INCOME (LOSS)

$

(985,096)

$

3,728,394

$

585,424

Less: comprehensive income (loss) attributable to non-controlling interests

(22,397)

1,528,622

(471,406)

COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO TEXXON
HOLDING LIMITED

(962,699)

2,199,772

1,056,830

BASIC AND DILUTED EARNINGS (LOSS) PER SHARE:

Net income (loss) attributable to Texxon Holding Limited per share

Basic and diluted

$

(0.05)

$

0.05

$

0.10

Weighted average shares outstanding used in calculating basic and
diluted income per share*

Basic and diluted

20,000,000

20,000,000

20,000,000

*

Shares presented on a retroactive basis to reflect the reorganization.

 

TEXXON HOLDING LIMITED AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

FOR THE FISCAL YEARS ENDED JUNE 30, 2025, 2024 AND 2023

(EXPRESSED IN U.S. DOLLARS)

For the fiscal year ended

June 30,

2025

2024

2023

CASH FLOWS FROM OPERATING ACTIVITIES:

Net income (loss)

$

(1,454,132)

$

2,509,643

$

2,087,694

Adjustments to reconcile net income to net cash provided
by (used in) operating activities:

Depreciation and amortization

288,072

332,728

251,081

Interest income from a related party

–

(34,922)

(592,581)

Allowance (recovery) for credit losses

720,054

(1,385)

(220,339)

Loss on disposal of property, plant and equipment

–

–

50,236

Changes in operating assets and liabilities:

Accounts receivable

2,986,453

(7,512,856)

3,711,146

Notes receivable

1,899,032

(1,896,246)

–

Inventories

(86,676)

(466,902)

(358,965)

Advanced to suppliers

(1,011,848)

147,725

(1,447,491)

Prepayments and other current assets

(3,315,341)

(559,757)

117,283

Notes payable

–

(13,828,757)

(24,696,655)

Accounts payable

(546,002)

(10,429,603)

4,486,026

Accrued expenses and other current liabilities

1,231,325

1,902,256

1,389,576

Contract liabilities

1,614,022

(957,134)

1,043,235

NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES            

2,324,959

(30,795,210)

(14,179,754)

CASH FLOWS FROM INVESTING ACTIVITIES:

Purchase of plant, property and equipment

(45,103,546)

(33,338,925)

(22,615,531)

Purchase of intangible assets

–

(6,805)

(6,683,817)

Payments made for loans to related parties

–

(152,253)

(11,931,168)

Government grant received in connection with the construction of
plant, property and equipment

2,853,622

–

–

Loan repayment from a related party

–

22,478,306

–

NET CASH USED IN INVESTING ACTIVITIES

(42,249,924)

(11,019,677)

(41,230,516)

CASH FLOWS FROM FINANCING ACTIVITIES:

Proceeds from short-term borrowings

154,521,737

141,956,726

22,969,397

Proceeds from long-term borrowings

30,105,666

–

–

Repayment of short-term borrowings

(154,473,136)

(127,367,676)

(12,327,428)

Capital contribution from non-controlling interests

2,647,556

9,254,357

18,260,003

Financing cost paid for the syndicated loan

(1,011,893)

–

–

Withdrawal of capital by non-controlling interests

–

(1,460,814)

–

Capital contribution from shareholder

–

–

1,405,778

Payments made to shareholders to acquire Net Plastic Technology
for the Reorganization

–

(12,226,342)

–

Proceeds from related parties

9,663,775

19,747,892

106,062

Payments made for deferred offering costs

(93,243)

(539,639)

–

NET CASH PROVIDED BY FINANCING ACTIVITIES

41,360,462

29,364,504

30,413,812

EFFECT OF EXCHANGE RATE CHANGE ON CASH, CASH
EQUIVALENTS AND RESTRICTED CASH

24,642

1,326,240

(1,559,510)

NET CHANGE IN CASH, CASH EQUIVALENTS AND
RESTRICTED CASH

1,460,139

(11,124,143)

(26,555,968)

CASH, CASH EQUIVALENTS AND RESTRICTED
CASH – beginning of year

1,058,000

12,182,143

38,738,111

CASH, CASH EQUIVALENTS AND RESTRICTED
CASH – end of year

$

2,518,139

$

1,058,000

$

12,182,143

SUPPLEMENTAL CASH FLOW DISCLOSURES:

Cash paid for income taxes

(10,202)

(432)

(785)

Cash paid for interest

(1,942,702)

(549,534)

(361,912)

Cash received from interest income

1,845

226,831

508,742

SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITIES:

Payable related to purchase of property, plant, and equipment

5,318,449

6,069,298

1,385,669

Prepayment for long-term assets transferred to property, plant and
equipment

19,262,697

4,516,656

–

Convertible loan transfer to other payables

–

Interest receivable accrued related to loan to a related party

–

34,922

592,581

Cash and cash equivalents

2,517,577

272,895

1,328,917

Restricted cash

562

785,105

10,853,226

Total cash, cash equivalents and restricted cash

2,518,139

1,058,000

12,182,143

 

Kazia Therapeutics Achieves Initial iCR (Immune-Complete Response) in Metastatic TNBC and Delivers Q4 Business Update with Breakthroughs Across Breast Cancer, Immuno-Oncology, and GBM Regulatory Strategy

SYDNEY, Nov. 19, 2025 /PRNewswire/ — Kazia Therapeutics Limited (Nasdaq: KZIA), an oncology-focused drug development company, today announced that a patient with stage IV triple-negative breast cancer (TNBC) treated under an FDA-authorized single-patient expanded access protocol combining paxalisib with pembrolizumab (Keytruda®) and standard chemotherapy has achieved an initial immune-complete response (iCR) per iRECIST criteria. This outcome suggests a profound radiologic response in a highly aggressive metastatic cancer subtype.

This development builds upon Kazia’s October 2, 2025 announcement reporting an 86% reduction in tumor burden after only three weeks of treatment in the same patient. A PET/CT scan performed after approximately three months of therapy demonstrated complete metabolic resolution of all previously identified lesions, consistent with an initial iCR. The patient remains on therapy and under active clinical monitoring. A follow-up scan will be conducted in accordance with immune-based response assessment guidelines to confirm the initial scan.

Complete responses in stage IV metastatic TNBC are exceedingly uncommon across many therapeutic classes, including immunotherapy, chemotherapy, and antibody–drug conjugates. For example, pembrolizumab monotherapy has demonstrated complete response rates of approximately 0.6–4% in metastatic TNBC across KEYNOTE studies, and even the most active approved agents—such as sacituzumab govitecan—have reported complete response rates of only ~2–4% in large Phase 2 and Phase 3 trials.

In this setting, any radiologic finding consistent with an immune-complete response (iCR), even prior to confirmatory imaging, represents a highly unusual event which stands out relative to historical benchmarks for metastatic TNBC. These data may suggest enhanced biological activity of the combination regimen and warrant continued follow-up under iRECIST guidelines.

“Observing an initial complete response in a patient with metastatic triple-negative breast cancer is an extremely encouraging clinical finding,” said Dr. John Friend, Chief Executive Officer of Kazia Therapeutics. “Although this is a single expanded-access case and requires confirmatory imaging, the depth of response aligns closely with our mechanistic hypothesis that paxalisib may meaningfully enhance anti-tumor immunity when combined with checkpoint blockade. This outcome further energizes our Phase 1b program in advanced breast cancer and complements significant progress across our broader pipeline.”

Q4 BUSINESS UPDATE

1. Kazia Announces upcoming presentations related to paxalisib and NDL2 programs

Kazia is pleased to announce the acceptance of two scientific presentations at the 2025 Brisbane Cancer Conference, scheduled to take place on 27–28 November 2025 in Brisbane, Australia.

The Brisbane Cancer Conference is a premier oncology meeting that brings together leading international researchers, clinicians and industry experts working in the fields of translational oncology, molecular medicine and cellular therapeutics.

The following presentations will take on November 27, 2025:

“From bench to bedside: targeting epigenetic pathways to overcome metastasis and immunotherapy resistance in TNBC” – Sudha Rao, PhD, QIMR Berghofer (Australia)

Epigenetic checkpoint blockade: A new booster to enhance immunogenicity” Sherry Tu, PhD, QIMR Berghofer (Australia)

Kazia is proud to announce acceptance of two scientific presentations at the 2025 San Antonio Breast Cancer Symposium (SABCS) to be held December 10–14, 2025. SABCS is the largest and most influential breast cancer meeting globally, drawing more than 10,000 international experts in clinical oncology, translational science, immunotherapy, and molecular diagnostics.

December 10, 2025 — PS2-10-02

“Liquid Biopsy Tracking of PI3K-mTOR Residual Disease Signatures in Metastatic Breast Cancer”, Presenter: Prof. Sudha Rao, QIMR Berghofer (Australia)

December 12, 2025 — PS5-08-04

“A Phase 1b, Multi-Centre, Open-Label, Randomized Study to Evaluate the Safety, Tolerability, and Clinical Activity of Combining Paxalisib with Olaparib or Pembrolizumab/Chemotherapy in Patients with Advanced Breast Cancer”, Presenter: Dr. Michelle Nottage, The Royal Brisbane and Women’s Hospital (Australia)

“SABCS is the pinnacle global meeting for breast cancer research. Being selected for two presentations is both an honor and a strong validation of our scientific direction,” stated Dr. Friend.

2. NDL2 PD-L1 Degrader Program: Advancing Toward IND-Enabling Studies anticipated in Early 2026

As announced in September 2025, Kazia entered into a collaboration and licensing agreement with QIMR Berghofer covering the first in class NDL2 PD-L1 degrader program. PD-L1 degraders represent the next frontier in immuno-oncology, using a dual-mechanism approach is designed to specifically recognize and degrade the resistant, post-translationally modified forms of the PD-L1 protein. This strategy may address resistance mechanisms that limit current checkpoint inhibitors. Kazia expects to initiate IND-enabling preclinical studies in early 2026.

3. GBM Program: Advancing Toward a FDA Type C Meeting Request Following Strong Overall Survival Signals

As detailed in the October 24, 2025 press release, Kazia intends to request a follow-up Type C meeting with the FDA to discuss the overall survival paxalisib findings from our completed clinical studies, alignment with the Project FrontRunner framework, potential requirements for a confirmatory study, and elements needed for a possible NDA submission pathway for paxalisib in newly diagnosed glioblastoma. 

“We believe paxalisib’s OS data strongly justify continued engagement with the FDA and may support a more efficient regulatory strategy under Project FrontRunner,” stated Dr. Friend.

4. As previously disclosed, Kazia received a notice (the “Notice”) from the Listing Qualifications department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) on May 12, 2025 notifying the Company that from March 28, 2025 to May 9, 2025, the Company’s Market Value of Listed Securities (“MVLS”) was below the minimum of $35 million required for continued listing on The Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(b)(2) (the “MVLS Requirement”). In accordance with Nasdaq Listing Rule 5810(c)(3)(C), Nasdaq provided the Company with 180 calendar days, or until November 10, 2025 to regain compliance with the MVLS Requirement.

On November 12, 2025, Kazia received a staff determination letter (“Staff Letter”) from the Staff of Nasdaq indicating that the Company had not regained compliance with the MVLS Requirement by November 10, 2025. Pursuant to the Nasdaq Listing Rules and the Staff Letter, unless the Company timely requests a hearing before a Hearings Panel (the “Panel”), the Company’s American Depositary Shares would be subject to suspension/delisting . The Staff Letter has no immediate effect on listing or trading, and the Company intends to timely request a hearing before the Panel, which will automatically stay any suspension or delisting action pending the outcome of the hearing.  The Company believes there are remedies available to potentially stop the proceedings and is evaluating corporate and market-based options, including alternative Nasdaq equity requirements to regain compliance.

For investor and media, please contact Alex Star, Managing Director LifeSci Advisors LLC,  Astarr@lifesciadvisors.com, +1-201-786-8795.

About Kazia Therapeutics

Kazia Therapeutics Limited (NASDAQ: KZIA) is an oncology-focused drug development company, based in Sydney, Australia. Our lead program is paxalisib, an investigational brain penetrant inhibitor of the PI3K / Akt / mTOR pathway, which is being developed to treat multiple forms of cancer. Licensed from Genentech in late 2016, paxalisib is or has been the subject of ten clinical trials in this disease. A completed Phase 2/3 study in glioblastoma (GBM-Agile) was reported in 2024 and discussions are ongoing for designing and executing a pivotal registrational study in pursuit of a standard approval. Other clinical trials involving paxalisib are ongoing in advanced breast cancer, brain metastases, diffuse midline gliomas, and primary central nervous system lymphoma, with several of these trials having reported encouraging interim data. Paxalisib was granted Orphan Drug Designation for glioblastoma by the U.S. Food and Drug Administration (FDA) in February 2018, and Fast Track Designation (FTD) for glioblastoma by the FDA in August 2020. Paxalisib was also granted FTD in July 2023 for the treatment of solid tumor brain metastases harboring PI3K pathway mutations in combination with radiation therapy. In addition, paxalisib was granted Rare Pediatric Disease Designation and Orphan Drug Designation by the FDA for diffuse intrinsic pontine glioma in August 2020, and for atypical teratoid / rhabdoid tumors in June 2022 and July 2022, respectively. Kazia is also developing EVT801, a small molecule inhibitor of VEGFR3, which was licensed from Evotec SE in April 2021. Preclinical data has shown EVT801 to be active against a broad range of tumor types and has provided evidence of synergy with immuno-oncology agents. A Phase I study has been completed and preliminary data was presented at 15th Biennial Ovarian Cancer Research Symposium in September 2024. For more information, please visit www.kaziatherapeutics.com or follow us on X @KaziaTx.

Forward-Looking Statements

This announcement contains forward-looking statements, which can generally be identified as such by the use of words such as “may,” “will,” “plan,” “intend,” “estimate,” “future,” “forward,” “potential,” “anticipate,” or other similar words. Any statement describing Kazia’s future plans, strategies, intentions, expectations, objectives, goals or prospects, and other statements that are not historical facts, are also forward looking statements, including, but not limited to, statements regarding: additional confirmatory imaging and analysis to be performed on the TNBC patient treated with paxalisib and pembrolizumab (Keytruda®), the potential benefits of NDL2 and the plans and goals of developing NDL2 formulation, the anticipated development pathways and combinations of NDL2, the timing for results and data related to Kazia’s clinical and preclinical trials, the upcoming scientific presentations, Kazia’s intention to request and hold a Type C meeting with the FDA to discuss OS findings in GBM patients treated with paxalisib and to seek agency feedback on a potential regulatory pathway, the plan to propose initiation of the post-approval, randomized Phase 3 confirmatory study prior to submission of the NDA, the intention to present survival analyses, supporting clinical safety and planned confirmatory trial design for FDA discussion, Kazia’s intention to reference Project FrontRunner principles in its Type C briefing package, the objective to work collaboratively with the FDA under the guiding principles of Project FrontRunner, the plan to pursue a conditional approval in the front-line treatment setting of GBM, the plan to initiate the post-approval, randomized Phase 3 study prior to filing the NDA, the goal of ensuring that Kazia’s development plan and regulatory strategy fully reflects and aligns with the FDA’s framework and emphasis, the timing for results and data related to Kazia’s clinical and preclinical trials, Kazia’s strategy and plans with respect to its paxalisib program, the potential benefits of paxalisib, timing for any regulatory submissions or discussions with regulatory agencies and the potential market opportunity for paxalisib, regaining compliance with the MVLS Requirement and any other Nasdaq listing requirements, the timing and likelihood of requesting and successfully completing a hearing before the Panel and maintaining Kazia’s listing on Nasdaq. Such statements are based on Kazia’s current expectations and projections about future events and future trends affecting its business and are subject to certain risks and uncertainties that could cause actual results to differ materially from those anticipated in the forward-looking statements, including risks and uncertainties associated with clinical and preclinical trials and product development, including the risk that interim or early data may not be consistent with final data, risks related to regulatory approvals, risks related to the impact of global economic conditions, and risks related to Kazia’s ability to regain and/or maintain compliance with the applicable Nasdaq continued listing requirements and standards. These and other risks and uncertainties are described more fully in Kazia’s most recent Annual Report on form 20-F filed with the SEC, and in subsequent filings with the United States Securities and Exchange Commission. Kazia undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required under applicable law. You should not place undue reliance on these forward-looking statements, which apply only as of the date of this announcement.

HyperStrong and LEAG Clean Power Sign an EPC contract to Develop 1.6 GWh Battery Energy Storage Project in Germany, Advancing Europe’s Energy Transition

COTTBUS and FRANKFURT, Germany, Nov. 19, 2025 /PRNewswire/ — HyperStrong International (Germany) GmbH (HyperStrong), a subsidiary of Beijing HyperStrong Technology Co., LTD. (688411.SH), and LEAG Clean Power GmbH, have signed an EPC (engineering, procurement and construction) contract to deploy a 1.6 GWh utility-scale battery energy storage system (BESS) project in Germany. Once completed, this project will become one of the largest battery storage facilities in Europe.

The new project GigaBattery Boxberg 400 will form part of LEAG’s GigawattFactory concept – an integrated renewable energy hub combining photovoltaic and wind generation with flexible storage and hydrogen-ready power plants. The cooperation underscores LEAG’s commitment to ensuring reliable, sustainable, and secure energy supply for Germany’s future.

The Boxberg project will adopt HyperStrong’s 4-hour energy storage system, based on its proven HyperBlock III product. HyperBlock III is a mature, field-verified utility-scale storage product designed for stable operation under diverse climatic conditions. The system combines liquid cooling technology, intelligent energy management, and superior safety performance, making it ideal for grid-scale applications in Europe’s variable energy environment. Once operational, the system will provide critical grid services, support renewable integration, and enhance energy security for the region.

“With this project, we continue to accelerate our GigawattFactory strategy and expand the foundation for a carbon-neutral energy system,” said Adi Roesch, CEO of LEAG Group. “Battery energy storage plays a crucial role in balancing renewable fluctuations and ensuring energy remains available when it is needed. Working with a technology-driven partner like HyperStrong enables us to deliver on this vision efficiently and at scale.”

HyperStrong, with the EMEA regional headquarter in Frankfurt, Germany, is a Tier-1 global energy storage solution provider with extensive project experience across utility-scale and commercial & industrial applications. The company has deployed over 45 GWh of energy storage systems worldwide across more than 400 projects – offering high efficiency, safety, and reliability for BESS applications.

For this project, HyperStrong will serve as the EPC contractor, delivering a turnkey, full-station energy storage solution that covers engineering design, equipment supply, system integration, commissioning, grid connection, and long-term operation support.

“We are honored to partner with LEAG Clean Power on this landmark 1.6 GWh project, which demonstrates both companies’ shared commitment to building a resilient, low-carbon energy future,” said Dr. Jianhui Zhang, Chairman and CEO of HyperStrong. “This collaboration represents not only a milestone for our global strategy, but also a significant contribution to Germany’s and Europe’s renewable energy transition. Together, we are unlocking the potential of energy storage to power the next era of clean energy.”

The cooperation between HyperStrong and LEAG Clean Power is part of a broader effort to expand large-scale energy storage capacity in Germany. The German government has reaffirmed the strategic importance of storage systems for achieving a secure, affordable, and sustainable electricity system.

“This partnership brings together complementary strengths – the energy expertise of LEAG Clean Power and HyperStrong’s approach to ensure high technical availability and efficiency,” said Thomas Brandenburg, CEO of LEAG Clean Power GmbH. “The project will set a new milestone for battery storage deployment in Europe and demonstrates the growing importance of global collaboration in achieving energy transition goals.”

Mr. Pingyang Wang, Senior Vice President of HyperStrong International and President of EMEA Region, added, “We are truly honored that LEAG Clean Power has selected HyperStrong as their partner for the Boxberg project. This trust inspires us to bring our full expertise and commitment to deliver a project of the highest quality, while strengthening our long-term presence in Germany and supporting the energy transition across Europe.”

About HyperStrong

HyperStrong is a global leading provider of energy storage system solutions. Founded in 2011, with more than 14 years of research and development, as well as experience garnered through more than 400 energy storage projects and 45 GWh of deployment, HyperStrong offers a portfolio of ESS products and one-stop solutions for the full spectrum of utility-scale, commercial and industrial applications. Having built five smart manufacturing bases, three R&D centers, two testing labs and a global marketing center, HyperStrong empowers clients worldwide to achieve their energy transition and carbon neutrality goals.

For more information about HyperStrong, visit: www.hyperstrong.com or follow us on LinkedIn.

About LEAG Clean Power

LEAG Clean Power GmbH is part of the LEAG Group, Germany’s second-largest electricity producer and one of the largest private employers in eastern Germany. LEAG Clean Power GmbH focuses its business activities on projects in the areas of battery storage and innovative power plants, thereby making a decisive contribution to the development of the LEAG GigawattFactory. With investments in the expansion of renewable energies, storage capacities, the construction of hydrogen-compatible gas-fired power plants and energy generation from biomass, the LEAG Group is consistently driving forward its transformation from a conventional energy supplier to a future-oriented energy transition company.

For further information, please visit GigawattFactory | LEAG or follow us on LEAG | LinkedIn. 

Skrewball Launches Global First: 200ml Hipflask in Australia and New Zealand

The new format delivers Skrewball’s signature taste in a portable, shareable shape – a first of its kind globally for the brand

SYDNEY, Nov. 19, 2025 /PRNewswire/ — Skrewball Whiskey, the original peanut butter whiskey-flavoured liqueur, is shaking things up with the launch of its first ever 200ml PET hipflask, debuting exclusively in Australia and New Zealand.

The 200ml hipflask delivers the same smooth, sweet and perfectly nutty flavours that Australians and New Zealanders know and love, now in a pocket-perfect format made for gifting, sharing or making a toast whenever life gets a little nutty. Whether it’s a party or a picnic, the new 200ml hipflask is the ultimate plus-one.

The launch comes as smaller, portable whiskey formats gain serious momentum across the region. 200ml hipflasks within the American whiskey category are experiencing high single-digit dollar growth year-over-year, significantly outpacing traditional 700ml formats. (Source: Circana (AU) Pty Ltd, 28 Sept 2025)

“We’re thrilled to bring this new size and shape to Australia and New Zealand, offering our fans more flexibility while maintaining the premium quality they expect from Skrewball,” said Steven Yeng, cofounder of Skrewball. “With its deliciously sweet, nutty spirit, now in a compact 200ml hipflask, consumers can enjoy Skrewball wherever the celebration takes them – from backyard barbecues to picnics and beyond.”

Australia:
Skrewball’s 200ml hipflask is available at independent retailers and online at an RRP of $24.99.

New Zealand:
Skrewball’s 200ml hipflask is available at Liquorland and Thirsty Liquor at an RRP of $21.99.

Can’t find Skrewball at your favourite retailer? Don’t be shy, ask them about their plans to stock Skrewball 200mL!

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For more information, visit SkrewballWhiskey.com and follow on Facebook and Instagram (@skrewballwhiskey).

Enjoy Skrewball Responsibly.

About Skrewball Peanut Butter Whiskey Flavoured Liqueur
Skrewball was founded by Steven Yeng, a Cambodian refugee, and his wife, Brittany, a former chemist who became a lawyer. Steven discovered his love of peanut butter shortly after arriving in the United States. Later, he began to integrate the quintessential American nut butter into a top-selling cocktail at a bustling downtown Ocean Beach (San Diego) bar he ran. Seeing the popularity, Brittany would take Steven’s bestselling shot and help turn it into a shelf-stable liqueur with her chemistry background. The award-winning brand is rapidly expanding across the globe.

Cereals Canada Releases 2025 New Wheat Crop Report

Report advises global and domestic customers on what to expect from this year’s crop.

WINNIPEG, MB, Nov. 19, 2025 /PRNewswire/ — Cereals Canada today released its annual New Wheat Crop Report to global and domestic customers of Canadian wheat. The report includes information on milling performance, flour/semolina quality, and end-product functionality for Canada’s 2025 wheat crop.

Cereals Canada 2025 Crop Summary
Cereals Canada 2025 Crop Summary

“Canada has produced another high-quality wheat crop with good functionality,” said Dean Dias, chief executive officer. “Canada is on track to be the third largest wheat exporter and number one exporter of high quality, high-protein wheat. In 2025-2026, 27.4 million tonnes of wheat is expected to reach over eighty international markets, with the quality and protein content that customers expect.”

  • In 2025, Canadian farmers grew 36.6 million tonnes of wheat, with the majority graded No. 1 or No. 2.
  • Despite variable growing conditions across the Prairies, timely mid-summer rains supported higher-than-average yields. In Eastern Canada, favorable weather throughout the growing season for winter wheat resulted in strong yields and good quality.
  • Wheat protein content was comparable to average.
  • All wheat classes from the 2025 crop had good test weights and higher than average thousand kernel weights were seen for all Western composites.

This year, as part of its New Crop outreach, Cereals Canada will engage with twenty-nine countries that purchased $8.2 billion of Canadian wheat in 2024. The organization, along with value chain members, producer representatives, and the Canadian Grain Commission (CGC), is set to unveil the technical data for the 2025 wheat crop at two customer webinars on November 18 and 19.

Cereals Canada generated the data for the 2025 New Wheat Crop Report through its Harvest Assessment Program, which has traditionally only included wheat from Western Canada. This year, through a partnership with Grain Farmers of Ontario, the organization assessed Eastern wheat classes for the first time.

“This was a milestone year for Cereals Canada,” said Elaine Sopiwnyk, vice president of technical services. “Having the opportunity to analyze wheat from across the country broadened the expertise of our technical team and streamlined the process of preparing this year’s New Wheat Crop Report.”

The New Wheat Crop Report is prepared and presented annually in partnership with the CGC, value chain members, and provincial grower commissions. Throughout the harvest season, Cereals Canada worked with exporters and Grain Farmers of Ontario to obtain representative samples of Canada Western Red Spring (CWRS), Canada Western Amber Durum (CWAD), Canada Eastern Soft Red Winter (CESRW), and Wheat, by Specification, from the provinces of Alberta, Saskatchewan, Manitoba, and Ontario.

Canada’s 2025 New Wheat Crop Report is available for download at cerealscanada.ca/2025-new-crop-report/. 

About Cereals Canada: Cereals Canada is the national, not-for-profit, industry association representing the Canadian cereal grains value chain. We value relationships and work with government and stakeholders to provide timely, expert technical information and deliver best-in-class customer experience. We are dedicated to supporting the Canadian cereals value chain including farmers, exporters, developers, processors, and our customers around the world with a focus on trade, science, and sustainability.

Dean Dias, CEO, Cereals Canada
Dean Dias, CEO, Cereals Canada

For further information, please contact: Ellen Pruden, Vice-President of Communications and Value Chain Relations, E: epruden@cerealscanada.ca, C: 204-479-0166

 

Mondevo Group Completes Strategic Acquisition of Meight and Rebrands as MonTech, Singapore

Singapore’s Premier AI Boutique becomes Mondevo Group’s In-House Technology Powerhouse; Cristiano Motto appointed Head of AI & Technology across all Group pillars.

ABU DHABI, UAE and SINGAPORE, Nov. 19, 2025 /PRNewswire/ — Mondevo Group today announced the completion of its strategic acquisition of Meight, the Singapore-based artificial intelligence development firm. Following the acquisition, Meight has been rebranded as MonTech, Singapore, serving as Mondevo Group’s dedicated in-house technology division with more than 40 AI developers.

 

The acquisition reinforces Mondevo Group’s position as the only AI-native integrated wealth and innovation ecosystem serving family offices worldwide.

Leadership and Integration

Under the leadership of Cristiano Motto, founder of Meight and a recognised pioneer in financial technology and artificial intelligence, MonTech will power all three of Mondevo Group’s strategic pillars: Mondevo Wealth, Mondevo Ventures, and MondeVita. Motto has been appointed Head of AI & Technology for Mondevo Group.

Hussam Otaibi, Co-Founder of Mondevo Group, commented:

“We could not be more excited to welcome Cristiano into the heart of Mondevo Group. Not only is he the ideal leader to shape our AI and technology agenda, but he is bringing with him an exceptionally capable team that has already delivered solutions at scale across multiple sectors. Together, Cristiano and the MonTech team give us the depth and speed needed to execute on our ambitions.”

‍Fabio Brambilla, Co-Founder of Mondevo Group, stated:

 “This acquisition transforms our competitive positioning from strong to insurmountable. With MonTech fully integrated and Cristiano leading our technology vision, we now possess the only truly AI-native infrastructure in our industry. Our competitors are hiring consultants to add AI features. We own the AI company building our future. That difference compounds daily.”

Building a Sustainable Technology Moat

The creation of MonTech makes a major step in Mondevo Group’s strategy to embed AI at the core of its operations rather than as an external add-on. The group’s proprietary algorithms, custom large language models, and a unified data architecture form a technology moat that competitors cannot easily replicate.

The integration also enhances cost efficiency and accelerates product innovation, reducing time-to-market for new AI capabilities from quarters to weeks and eliminating more than USD $8 million in annual external development costs.

About MonTech

Formerly known as Meight, MonTech has delivered more than 20 major AI projects across financial services, aerospace, and enterprise technology sectors throughout EMEA and APAC. The company’s track record includes:

  • Building and scaling 7+ AI-powered startups , including FAIRTILE, an agentic AI decision platform
  • Delivering 15+ corporate AI transformations for major financial institutions and enterprises
  • Grown to 40+ AI professionals, including full-stack developers, data scientists, and distributed-ledger specialists.
  • Developed four core practices: Innovation Advisory, Product Development, Product Operations, and Venture Building.

Cristiano Motto: Visionary Technologist Leading Mondevo’s AI Future

Cristiano Motto brings more than 20 years of experience spanning banking innovation, entrepreneurship, and deep-tech leadership. His background includes serving as Chief Innovation Officer at Barclays, founding multiple fintech ventures, and being recognised in the Top 30 Fintech Influencers in Italy for his contributions to AI and financial services transformation. He commented:

“Joining Mondevo Group as Head of AI & Technology represents the convergence of everything I’ve built throughout my career – combining institutional financial services expertise with cutting-edge AI development, and entrepreneurial execution. Mondevo’s vision of creating the first truly AI-native wealth and innovation ecosystem for family offices is not just ambitious, it’s the inevitable future of our industry. I’m honoured to lead the technology strategy that will make this vision a reality across all three pillars.”

About Mondevo Group

Mondevo Group is an AI-native wealth and innovation ecosystem serving global family offices. The group operates through its three distinct pillars: Mondevo Wealth, Mondevo Ventures, and MondeVita, while being supported by MonTech, its in-house technology team in Singapore.

Mondevo Group Media Contact:
Email: ir@mondevogroup.com
Website: www.mondevogroup.com

 

 

Ideal House by LibAI Lab Transforms Home Design with Instant AI-generated Custom House Plans

HONG KONG, Nov. 19, 2025 /PRNewswire/ — LibAI Lab, the creative intelligence leader behind Cutout.pro and PromeAI, announced that Ideal House, its AI-driven SaaS platform, is the industry’s first and top  solution capable of generating complete custom house plans in seconds. Since launching in February 2025, Ideal House has attracted significant adoption among architects, interior designers, homeowners, and furniture e-commerce retailers looking to accelerate design workflows.

 

Ideal House’s AI-powered tools enable professionals and homeowners to quickly create custom house plans and floor layouts with intuitive controls, instant visualizations, and precise measurements for area, rooms, and style.

The announcement follows Cutout.pro’s rare recognition from Andreessen Horowitz (a16z) as an “All Star”, standing as one of only fourteen companies to appear in every iteration of the Top 100 GenAI Consumer Apps ranking, solidifying LibAI Lab’s position as a sustained innovator in creative artificial intelligence.

Architecture and interior design have long faced a critical challenge: it typically takes months to generate custom house plans. Designers often spend four to eight months developing fully custom layouts, which limits client iterations and delays project timelines. Ideal House removes this bottleneck by delivering instant, AI-generated plans.

The platform’s proprietary AI Floor Plan Generator and House Plan Generator deliver what no competitor currently offers: the ability to generate a complete set of viable house plans in seconds. Architects and interior designers simply input core metrics, structural preferences, and layout parameters—and instantly receive customizable floor plans ready for refinement and presentation. According to the platform analytics, these two features maintain the highest user retention rates on Ideal House. Designers report an average 74% reduction in custom plan delivery time, compressing months of work into minutes.

Ideal House offers distinct features designed to serve different audiences and user scenarios. The web platform delivers an integrated suite of professional tools spanning the entire workflow for architects and interior designers. Beyond the proprietary planning generators, designers leverage AI 3D Rendering for texture-preserving visualization, Smart Replacer, Object Remover, and Texture Replacer for rapid retouching, and Photo Enhancer and Image to Video for compelling client presentations.

The mobile app democratizes interior visualization through features such as New Walls, New Floors, Interior Remodel, Exterior Renovator, Landscaping, and Virtual Staging. Users get instant previews of renovation outcomes, seasonal décor transformations, and event-ready spaces before financial commitment. Homeowners and decor enthusiasts can visualize holiday-themed decoration for Thanksgiving or Christmas, design birthday or wedding party setups, plan seasonal landscaping, or stage interiors for any special occasion and entertaining.

The Furniture Try-On feature has been rapidly adopted by small and mid-sized furniture and home decor businesses. It allows customers to visualize how specific decor pieces integrate into their own spaces, while enabling sellers to generate scenario-based product photos at scale, saving them costly studio photography and shipping overhead.

“Ideal House represents a fundamental reimagining of how architectural planning works,” said Roy C., Co-founder and Product Director of LibAI Lab. “By automating the custom plan generation process, we’ve unlocked months of designer time and opened professional-grade interior design to thousands of homeowners and retailers worldwide. The market response has validated that this capability was desperately needed in creative AI.”

LibAI Lab’s portfolio processes or generates more than 300 million images per month, serving 100 million independent global users. With Ideal House now live across web and mobile platforms, the company continues to democratize professional-grade visual AI for creative industries worldwide.

About Ideal House

Ideal House is the first and top AI platform purpose-built to generate complete custom house plans instantly. The platform combines proprietary architectural planning with comprehensive AI design and visualization tools across web and mobile interfaces. Architects and interior designers use the platform to explore spatial concepts and speed up client delivery. Homeowners preview renovations before making investments. Retailers showcase houses through staged visualizations. All users connect and share home ideas within the vibrant community of Ideal House.

Ideal House is available at https://ideal.house, with iOS and Android apps fully operational.

Preview favorite furniture in your room, search for products, and purchase instantly with Ideal House’s Furniture Try-on and Image Search features—all in one seamless experience.
Preview favorite furniture in your room, search for products, and purchase instantly with Ideal House’s Furniture Try-on and Image Search features—all in one seamless experience.

PawSwing Unveils the World’s First Bionic Self-Grooming Cat House on Kickstarter

LOS ANGELES, Nov. 19, 2025 /PRNewswire/ — On November 18, PawSwing, a technology-driven company dedicated to providing high-quality, innovative pet care solutions, launched the PawSwing Neo Self-Grooming Cat House on Kickstarter. It is the world’s first bionic-based, fully automated cat-grooming system. Designed to replicate the natural licking sensation of a mother cat, this innovation removes up to 90% of loose fur in each session, transforming grooming from a stressful chore into an instinctive act of self-care for cats.

PawSwing Unveils the World’s First Bionic Self-Grooming Cat House on Kickstarter
PawSwing Unveils the World’s First Bionic Self-Grooming Cat House on Kickstarter

“Most cats dislike being brushed because traditional combs feel foreign or even painful to them,” said Andrew Tian, the CEO of PawSwing. “The sensation created by PawSwing, however, is something they instinctively recognize—a comforting, motherly lick.”

At the core of the PawSwing Neo lies the Bionic Cat-Tongue Grooming System, which features six flexible comb modules arranged in a circular formation. Each module is crafted to mirror the golden-ratio curvature and elasticity of feline tongue bristles. This design allows cats to receive a full-body grooming in just one minute as they pass through the ring. The system compresses the undercoat—typically 80% of total fur—before reaching the topcoat, ensuring thorough grooming from root to tip.

Unlike conventional grooming tools, the PawSwing Neo operates entirely without electricity. Powered by the cat’s own movement, the grooming wheel is activated by a kinetic plate made of food-grade silicone. As the cat enters and exits the house, the wheel rotates, collecting loose fur into dedicated boxes beneath each comb. These containers hold over a month’s worth of fur, significantly reducing the need for daily cleaning.

Beyond grooming, the PawSwing Neo integrates an Instinct-Driven Care System that aligns with feline behavior. A strategically placed food bowl encourages cats to enter the house, creating a “pleasure-reward” loop: eat, enjoy grooming, and return willingly. This approach not only promotes coat health but also provides mental stimulation. The cat house also features observation holes on both sides, allowing cats to monitor their surroundings from a secure, shaded space—an environment that supports their natural instincts as stealthy hunters. In addition, the outer structure incorporates scratching surfaces, ensuring the product addresses not only grooming and feeding but also the essential claw-sharpening behavior that supports stress release and joint health.

With its multi-functional design, the PawSwing Neo serves as a comprehensive feline wellness center, integrating grooming, feeding, claw care, and resting in one compact space. It reduces hair ingestion and the risk of digestive blockages caused by self-licking, particularly benefiting older cats, multi-cat households, or owners who face challenges brushing their pets regularly—whether due to mobility limitations, busy schedules, or frequent travel.

To celebrate its Kickstarter debut, PawSwing is offering an exclusive Kickstarter perk: the PawSwing Neo is available at a super early-bird price of $179 for the first 300 confirmed orders.  This special rate, 40% off the regular retail price of $289, is the lowest price that will ever be offered for the PawSwing Neo and will not be repeated in the future. Additionally, early backers will be entered into a random draw to win high-value prizes, including the Litter Robot 5 (valued at $799) and other premium rewards.

About PawSwing

PawSwing is a pet care innovation company founded by Andrew Tian, a robotics expert inspired by a personal journey with his rescue cat, Orange. Combining advanced engineering with deep empathy for animals, PawSwing develops intelligent grooming solutions that align with feline instincts. The brand is dedicated to enhancing pet well-being through science-backed design, offering products that foster comfort, health, and trust between pets and their humans. PawSwing stands for meaningful innovation born from real-life connection.

For more information, please visit www.paw-swing.com or download PawSwing’s press kit.