Home Blog Page 1961

TGE Announces a Share Repurchase Program

By
Advertorial Desk
-

PARIS and NEW YORK and SINGAPORE, Nov. 3, 2025 /PRNewswire/ — The Generation Essentials Group (“TGE” or the “Company”, NYSE: TGE) announces that its board of directors has authorized a share repurchase program under which the Company may repurchase up to US$5 million of its ordinary shares until January 31, 2026. The Company plans to adopt and implement this share repurchase program in accordance with applicable rules and requirements under the Securities Exchange Act of 1934, as amended, and the Company’s insider trading policies.

The Company’s proposed repurchases may be executed from time to time through (1) the open market at prevailing market prices, (2) privately negotiated transactions, (3) bilateral deals, (4) block trades and/or (5) other legally permissible means, depending on market conditions and other relevant parameters for consideration.

The timing and dollar amount of repurchase transactions will be subject to the Securities and Exchange Commission Rule 10b-18 and Rule 10b-5 requirements. A special task force authorized by Company’s board of directors will review the share repurchase program periodically and may authorize adjustment of its terms and size.

Based on TGE’s net asset value per share of US$17.3 and total assets value per share of US$25.7 as of June 30, 2025, TGE believes that its Class A ordinary shares are undervalued. In addition, TGE has also observed significant short interest surrounding its Class A ordinary shares. The primary aim of this buyback is to promote stable, long-term share price growth and to encourage investors to focus on the Company’s intrinsic long-term value.

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

First Phosphate Announces Listing of its Shares on Tradegate Exchange in Germany Bolstering European and International Market Liquidity

By
Advertorial Desk
-

Saguenay, Quebec – Newsfile Corp. – November 3, 2025 – First Phosphate Corp. (CSE: PHOS) (OTCQX: FRSPF) (FSE: KD0) (“First Phosphate” or the “Company“) is pleased to announce that its common shares have now been listed for trading on the Tradegate Exchange (“Tradegate“) in Germany (TDG: KD0).

This expanded access on Tradegate will allow European investors to trade in the shares of First Phosphate directly within EU market hours as well as during extended trading hours across all major European time zones, improving convenience and exposure for the Company’s shares internationally.

The Tradegate listing complements First Phosphate’s existing listings on the Canadian Securities Exchange (PHOS), the OTCQX Best Market in the United States (FRSPF), and the Frankfurt Stock Exchange (KD0).

Tradegate’s focus on international issuers enables broader market participation for investors interested in aligning with First Phosphate’s vision of onshoring the lithium iron phosphate (“LFP“) battery supply chain in North America and Europe using North American critical minerals.

First Phosphate has recently produced commercial-grade LFP 18650 battery cells using North American critical minerals. Please see: https://firstphosphate.com/north-american-lfp-battery-cells.

The high-purity phosphoric acid and iron powder for these LFP 18650 battery cells was produced using rare igneous anorthosite rock extracted from the First Phosphate Bégin-Lamarche property in the Saguenay-Lac-Saint-Jean region of Quebec, Canada.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8917/272884_22e2ab4874f0b9d0_001full.jpg

About Tradegate Exchange
Tradegate, based in Berlin, is Europe’s largest stock exchange specialised in the execution of private investor orders. Tradegate emerged from the over-the-counter trading platform Tradegate, which quickly became the most popular trading venue for private investors since its founding in the year 2000. On January 4, 2010, Tradegate began trading as the first newly established stock exchange in Germany since more than 150 years. The exchange is operated by Tradegate Exchange GmbH (also based in Berlin), which is owned 42.84% by Deutsche Börse AG and 42.84% by Tradegate AG; the remaining 14.32% of the GmbH are held by Verein Berliner Börse e. V.

About First Phosphate
First Phosphate (CSE: PHOS) (OTCQB: FRSPF) (TDG: KD0) (FSE: KD0) is a mineral development and cleantech company dedicated to building and onshoring a vertically integrated mine-to-market LFP battery supply chain for North America. Target markets include energy storage, data centers, robotics, mobility and national security. First Phosphate’s flagship Bégin-Lamarche Property in Saguenay-Lac-Saint-Jean, Quebec is one of North America’s rare igneous phosphate resources, yielding high-purity phosphate with minimal impurities.

For additional information, please contact:
Bennett Kurtz
CFO, CAO
bennett@firstphosphate.com
Tel : +1 (416) 200-0657

Investor Relations: investor@firstphosphate.com
Media Relations: media@firstphosphate.com
Website: www.FirstPhosphate.com

Follow First Phosphate:
X: https://x.com/FirstPhosphate
LinkedIn: https://www.linkedin.com/company/first-phosphate

Forward-Looking Information and Cautionary Statement
This release includes certain statements that may be deemed “forward-looking information”. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information. In particular, this press release contains forward-looking information relating to, among other things, the Company’s plans for vertical integration into North American supply chains, and the potential benefits of the listing of the Company common shares on Tradegate including broader market participation for investors interested in aligning with First Phosphate’s vision of onshoring the LFP battery supply chain in North America and Europe using North American critical minerals. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include development and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. These statements are based on a number of assumptions including, among other things, assumptions regarding general business and economic conditions; there being no significant disruptions affecting the activities of the Company or inability to access required project inputs; permitting and development of the projects being consistent with the Company’s expectations; the accuracy of the current mineral resource estimates for the Company and results of metallurgical testing; certain price assumptions for P2O5 and Fe2O3; inflation and prices for Company project inputs being approximately consistent with anticipated levels; the Company’s relationship with First Nations and other Indigenous parties remaining consistent with the Company’s expectations; the Company’s relationship with other third party partners and suppliers remaining consistent with the Company’s expectations; and government relations and actions being consistent with Company expectations. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Accordingly, readers should not place undue reliance on the forward-looking information contained in this press release. The Company does not assume any obligation to update or revise its forward-looking statements, whether because of new information, future events or otherwise, except as required by applicable law. All forward-looking information contained in this release is qualified by these cautionary statements.

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

About First Phosphate Corp.

Nature Foods (NFC) Affirms Its Leadership in Food Technology with Consecutive Prestigious Awards

By
Advertorial Desk
-

HO CHI MINH CITY, Vietnam, Nov. 3, 2025 /PRNewswire/ — At the Asia Pacific Enterprise Awards (APEA) 2025, Nature Foods Co., Ltd. (NFC) was honored with the “Inspirational Brand Award”, a recognition of its pioneering position as a Vietnamese enterprise in the field of advanced food technology — delivering convenience, wellness, and sustainability.

Nature Foods (NFC) Affirms Its Leadership in Food Technology with Consecutive Prestigious Awards
Nature Foods (NFC) Affirms Its Leadership in Food Technology with Consecutive Prestigious Awards

Consecutive Milestones in 2025

In addition to the APEA recognition, Nature Foods continued to solidify its leadership by being named among the Top 10 Innovative Consumer Solutions at the Better Choice Awards 2025. This dual achievement highlights NFC not only as an inspirational brand but also as a symbol of creativity and sustainable development within Vietnam’s food industry.

Convenience Meets Wellness – NFC’s Distinct Path

According to BlueWeave Consulting, Vietnam’s Ready-to-Eat (RTE) market was valued at USD 430.41 million in 2024 and is projected to grow at a CAGR of 16.8% to reach USD 1.276 billion by 2031.

Guided by the philosophy of “the fullness of nature”, NFC has spent over two decades pioneering freeze-drying technology in consumer food production, creating a diverse product portfolio including ISOUP instant soups, ISOUP HUUPS! cup soups, ICHILL herbal cooling drinks, IYAUA freeze-dried yogurts, NATAS salts and seasonings, among others.

Each product adheres to NFC’s “3 Nos” principle — no preservatives, no artificial coloring, no synthetic flavoring — and meets international certifications such as HACCP, ISO 22000, BRCGS, FDA, and HALAL.

With a farm-to-table closed-loop process, NFC not only delivers convenient foods but also champions the “Convenient Wellness” lifestyle — promoting balanced, nutritious eating that is both quick and wholesome for modern consumers.

Sustainability and Social Responsibility at the Core

Beyond technological innovation, NFC places sustainability at the heart of its operations. The company utilizes eco-friendly fuels such as biomass, invests in energy-saving inverter systems, applies environmentally safe refrigerants, and is progressively transitioning to renewable energy sources. Its farms are FSA (Farm Sustainability Assessment) certified, underscoring its commitment to sustainable agriculture practices.

Socially, NFC has been a SEDEX member for over 10 years, complying with the SMETA four-pillar standards — environment, business ethics, labor practices, and occupational health & safety — as part of its dedication to ethical and responsible business.

Spreading a Lifestyle of “Eat Well – Live Well”

The APEA 2025 and Better Choice Awards 2025 mark significant milestones in Nature Foods’ 20-year journey of promoting a lifestyle that blends Vietnamese culinary heritage with modern technology. Each NFC product embodies the brand’s vision: not merely food, but an inspiration for a healthier, more convenient, and more human-centered way of living.

ST Engineering iDirect Powers Verizon Frontline’s Infrastructure Upgrade for Emergency Communications

By
Advertorial Desk
-

HERNDON, Va., Nov. 3, 2025 /PRNewswire/ — ST Engineering iDirect, a leader in satellite communications, today announced its continued partnership with Verizon Frontline to enhance its emergency response capabilities through a significant infrastructure upgrade.

Verizon is upgrading its network to ST Engineering iDirect’s Intuition infrastructure, featuring DCR/DBR, a virtualized, cloud-native hub architecture.
Verizon is upgrading its network to ST Engineering iDirect’s Intuition infrastructure, featuring DCR/DBR, a virtualized, cloud-native hub architecture.

Verizon is upgrading its network to ST Engineering iDirect’s Intuition infrastructure, featuring DCR/DBR, a virtualized, cloud-native hub architecture. This modernization reduces Verizon’s physical footprint at the teleport and once fully implemented, will enable faster deployment of mission-critical resources while ensuring uninterrupted services during emergencies such as hurricanes, wildfires, and other natural disasters.

“The modernization of our network with the Intuition infrastructure underscores our unwavering commitment to supporting first responders and communities,” said Stuart Burson, Director of Satellite Solutions at Verizon. “This investment ensures we’re always ready to deliver resilient, innovative connectivity solutions precisely when they’re needed most.”

“With the Intuition upgrade, we are enabling Verizon to respond faster and operate more flexibly, aligning their capabilities with real-world disaster recovery needs,” said Darren Ludington, Regional VP Americas at ST Engineering iDirect. “These advancements guarantee reliable communication tools for first responders, ensuring success in any emergency scenario.”

The decade-long partnership between ST Engineering iDirect and Verizon Frontline reflects a shared commitment to innovation and equipping first responders with the tools needed to protect communities.

ST Engineering iDirect, a subsidiary of ST Engineering, is a global leader in satellite communications (satcom) providing technology and solutions that enable its customers to expand their business, differentiate their services and optimize their satcom networks. With over 40 years of delivering innovation focused on solving satellite’s most critical economic and technology challenges we are committed to shaping the future of how the world connects. The product portfolio, branded iDirect, represents the highest standards in performance, efficiency and reliability, making it possible for its customers to deliver the best satcom connectivity experience anywhere in the world. ST Engineering iDirect is a leader in key industries including mobility, broadcast and military/government. In 2007, iDirect Government was formed to better serve the U.S. government and defense communities. For more information visit www.idirect.net.

 

From Lab to Line: W&J Instrument Launches Scalable & Affordable Viscometer Series to Bridge R&D and Production

By
Advertorial Desk
-

The new series gives manufacturers in food, energy, and petrochemicals a unified standard for quality, combining lab-grade precision with industrial-scale efficiency.

CHANGZHOU, China, Nov. 3, 2025 /PRNewswire/ — W&J Instrument, a viscometer manufacturer specializing in industrial and laboratory measurement equipment, just launched its latest series of scalable and affordable viscometers. This lineup built to eliminate the costly disconnect between R&D labs and production floors. It’s a direct response to the growing call for reliable viscosity control in sectors like food processing, pharmaceuticals, new energy, coatings, and petrochemicals.

With costs climbing and regulations getting stricter, getting a handle on viscosity has turned into a critical element for keeping products consistent. But plenty of manufacturers hit roadblocks when trying to apply lab findings to large-scale production, since those fancy R&D tools are often too pricey or tricky for everyday factory use. W&J’s new viscometer series steps in to fix that, cutting down on waste and helping teams convert lab discoveries into real-world gains right on the assembly line.

Viscometer Series of W&J
Viscometer Series of W&J

Market Demand Fuels Innovation in Viscosity Measurement

Reports from Future Market Insights show the worldwide viscometer market gearing up for a steady climb of around 5%–7% CAGR up to 2030, thanks to more automation and the push for dependable material quality. Demand is particularly strong in petrochemical fluid analysis, food production, and ink and coating quality control, where accurate viscosity measurement reduces downtime and ensures compliance. Drawing on over 25 years in the game, W&J Instrument is tackling this head-on with OEM-customized viscometer options tailored for specific industry needs.

“We spoke with countless engineers and production managers. The engineers need data they can trust, while the managers need equipment that is reliable, efficient, and fits the budget,” said Eunice, CEO of W&J Instrument. “Our goal was to end the compromises. These viscometers ensure that the innovation happening in the lab doesn’t get lost in translation on its way to the customer.”

Bridging Lab Precision with Line Performance

The core of W&J’s strategy is a unified technology platform across its entire lineup, which includes Brookfield viscometers, lab viscometers, kinematic viscometers, and dial viscometers. This shared architecture means a petrochemical engineer can use a high-precision laboratory viscometer for fluid development and then deploy a system using the same core calibration on the production line for continuous monitoring. The result is a dramatic reduction in cross-instrument variation, saving time and improving throughput.

To create a complete quality workflow, W&J also provides essential calibration and measurement tools, including precision test weights, industrial scales, analytical lab balances, and moisture analyzers. All products are available with OEM customization, allowing customers to build an integrated and traceable measurement system across their entire operation.

Delivering Value Through Affordability and Customization

“Making this level of precision accessible is key,” added Eunice. “We are providing the tools for small and mid-sized manufacturers to compete on a global scale. It comes back to our founding principle: good quality for survival, good faith for development.”

Looking ahead, W&J is developing IoT capabilities for its instruments to provide real-time viscosity data, giving operators the insights needed to further optimize processes for smart manufacturing.

About W&J Instrument

Founded in 1998 in Changzhou, Jiangsu, China, W&J Instrument is a professional manufacturer of electronic balances, moisture analyzers, viscometers, and related laboratory instruments. Operating on a factory footprint exceeding 3,000 square meters and supported by over 500 employees, the company specializes in OEM customization and precision measurement solutions. True to its motto “Good quality for survival, good faith for development,” W&J Instrument keeps supplying accurate, dependable, and easy-to-get measurement equipment to labs and industries around the globe.

Website: www.weighinginstru.com

Contact: 

E-mail：weighinginstru@gmail.com
Tel：+86-(0)519-85286336

Samsung Biologics completes spin-off to strengthen its focus as a pure-play CDMO

By
Advertorial Desk
-
  • Spin-off finalized within five months following board resolution
  • Proposal approved in shareholders’ meeting with 99.9% support
  • Company to reaffirm its identity as a pure-play CDMO

INCHEON, South Korea, Nov. 3, 2025 /PRNewswire/ — Samsung Biologics (KRX: 207940.KS) today announced the completion of its spin-off of Samsung Bioepis, reinforcing its strategic focus and business specialization as a leading pure-play Contract Development and Manufacturing Organization (CDMO).

Following approval by its Board of Directors, Samsung Biologics separated its investment and subsidiary management business unit to establish Samsung Epis Holdings. The decision was finalized on November 1, with plans to proceed with registration for the corporate division.

The spin-off was successfully completed within five months of its initial announcement. Since disclosing the plan in May, Samsung Biologics submitted its prospectus in August, received regulatory approval in September, and secured shareholder consent at the Extraordinary General Meeting held on October 17.

The spin-off plan was approved with 99.9% shareholder support, reflecting strong confidence in the company’s strategic direction and reaffirming market trust in the rationale behind the separation.

Trading of Samsung Biologics shares has been temporarily paused until November 21 and will resume on November 24, following the re-listing of Samsung Biologics and the new listing of Samsung Epis Holdings.

With the spin-off complete, Samsung Biologics will accelerate its growth as a pure-play CDMO, anchored on three strategic pillars: expanding production capacity, diversifying its service portfolio, and strengthening its global footprint.

By 2032, the company plans to complete construction of its second Bio Campus, further reinforcing its position as the world’s largest biomanufacturer with a total capacity of 1,324,000 liters. It also aims to broaden its portfolio to include next-generation modalities such as antibody-drug conjugates (ADCs) and organoids.

Currently serving 17 of the world’s top 20 global pharmaceutical companies, Samsung Biologics also plans to extend its reach to the top 40 global biopharma clients, with additional expansion into Japan and the broader Asia-Pacific region.

“Through this spin-off, we have solidified our position as a pure-play CDMO and established a firm foundation for continued global growth,” said John Rim, President and CEO of Samsung Biologics. “We remain committed to strengthening operational excellence and creating enduring value for our clients and the patients they serve.”

About Samsung Biologics

Samsung Biologics (KRX: 207940.KS) is a leading contract development and manufacturing organization (CDMO), offering end-to-end integrated services that range from late discovery to commercial manufacturing.

With a combined biomanufacturing capacity of 784,000 liters across five plants, Samsung Biologics leverages cutting-edge technologies and expertise to advance diverse modalities, including multispecific antibodies, fusion proteins, antibody-drug conjugates, and mRNA therapeutics.

By implementing the ExellenS™ framework across its manufacturing network with standardized designs, unified processes, and advanced digitalization, Samsung Biologics ensures plant equivalency and speed for manufacturing continuity.

Samsung Biologics also operates commercial offices in Korea, the U.S., and Japan. Samsung Biologics America supports clients based in the U.S. and Europe, while its Tokyo sales office serves the APAC region.

Samsung Biologics continues to invest in new capabilities to maximize operational and quality excellence, ensuring flexibility and agility for clients. The company is committed to the on-time, in-full delivery of safe, high-quality biomedicines, as well as to making sustainable business decisions for the betterment of society and global health.

For more information, visit https://samsungbiologics.com/. 

Samsung Biologics Media Contact
Claire Kim, Head of Marketing & Global Communications
cair.kim@samsung.com

Ping An Rewarded MSCI AAA ESG Rating, Setting the Insurance Industry Benchmark in Asia-Pacific for Four Year Running

By
Advertorial Desk
-

HONG KONG and SHANGHAI, Nov. 3, 2025 /PRNewswire/ — Ping An Insurance (Group) Company of China, Ltd. (“Ping An” or “the Group”, HKEX: 2318/82318; SSE: 601318) has been upgraded to the highest global ESG rating of AAA for 2025 by MSCI, a leading provider of critical decision support tools and services for the global investment community. This achievement reflects Ping An’s exceptional performance in responsible investment, green finance, and sustainable development, enabling the Group to maintain its leading position in the Asia-Pacific region’s “Multi-Line Insurance & Brokerage Industry” for four consecutive years. The rating underscores Ping An’s continued leadership and commitment within the global ESG landscape.

According to the MSCI rating report, Ping An leads the industry in six key areas: Human Capital Development, Privacy & Data Security, Access to Finance, Financing Environmental Impact, Responsible Investment, and Corporate Behavior.

Leveraging Integrated Financial Strengths to Expand Inclusive Financial Services

In 2025, Ping An introduced the “Policy Statement on Financial Inclusion (2025)“, reaffirming its commitment to utilizing its comprehensive financial platform to enhance both the accessibility and quality of inclusive financial services. By the end of June 2025, Ping An Bank supported 972,900 micro and small enterprise loan customers, with the outstanding balance of inclusive loans reaching RMB 499.524 billion. During the first half of 2025, Ping An Property & Casualty delivered RMB 189 billion in risk protection to 1.61 million micro and small enterprises, providing robust support for social welfare.

Advancing Green Finance Initiatives to Drive Low-Carbon Industrial Transformation

Ping An approaches green finance as a comprehensive, systematic endeavor, leveraging insurance, credit, and investment to facilitate green development and support the transition to low-carbon industries. By the end of June 2025, Ping An’s insurance fund allocated to green investments reached RMB 144.482 billion, while green loan balances amounted to RMB 251.746 billion. Ping An’s green insurance premium income amounted to RMB 55.279 billion in the first nine months of 2025, actively supporting China’s objectives of achieving “peak carbon” emission by 2030 and “carbon neutral” by 2060.

Integrating ESG Factors into Investment Processes and Ongoing Policy Enhancement

As the first domestic asset owner to sign the UN Principles for Responsible Investment (PRI), Ping An has comprehensively incorporated ESG factors into the entire investment decision-making process of its insurance funds. In 2025, the Group updated its “Policy Statement on Responsible Investment of Ping An Group (2025)” further refining exclusion lists and exit mechanisms, enhancing information disclosure and stakeholder communication, and continuously strengthening its responsible investment capabilities. By the end of June 2025, Ping An’s responsible investment of insurance fund reached RMB 1,017.407 billion, including RMB 144.482 billion in green investments, RMB 858.085 billion in social investments, and RMB 14.84 billion in inclusive investments.

Enhancing Information Security Management and Safeguarding Customer Data Privacy

In 2025, Ping An revised its “Policy Statement on Information Security (2025)” and “Policy Statement on Privacy Protection (2025)“, further strengthening its systems for protecting customer privacy and information security. In 2024, the Group and its member companies conducted 67 security emergency drills, covering 11 emergency scenarios, such as ransomware incidents, anti-DDoS (distributed denial-of-service) attacks and phishing emails. It carried out database backup recovery drills and cross-regional joint disaster recovery exercises. These initiatives have significantly improved the organization’s emergency response capabilities for information security.

Commitment to Employee Development, Diversity, Inclusion, and Health & Safety

Ping An is dedicated to fostering employee growth and professional advancement. In 2024, the Group invested RMB 956 million in training initiatives, resulting in an average of more than 49 training hours per employee. In 2025, Ping An issued the “Policy Statement on Occupational Health and Safety (2025)” and updated the “Statement on Employee Rights (2025)” , reaffirming its commitment to diversity, equity, inclusion, and the well-being of its workforce. By the end of 2024, female represented 51% of Ping An’s employees and 36% of senior management, underscoring the Group’s progress in promoting gender equality and cultivating a diverse leadership team.

Sustained Leadership in Sustainable Development and Building a Resilient Financial Ecosystem

In addition to the Group’s overall rating upgrade, its member companies – Ping An Good Doctor, Ping An Bank, and Lufax have each attained AA MSCI ESG ratings, underscoring their exceptional performance in sustainable development across various business segments.

Sustainable development remains a core, long-term strategy for Ping An and serves as the foundation for maximizing enduring value. As a leader in China’s ESG landscape, Ping An is dedicated to embedding sustainability within its corporate strategy, establishing a rigorous and professional ESG management system, maintaining a transparent governance framework, and implementing ESG principles across all areas of operation. Moving forward, Ping An will continue to deepen its technology-enabled “integrated finance + health and senior care” dual-pronged strategy, to create stable, and sustainable value for customers, employees, shareholders, and society, while fostering a more resilient, inclusive, and efficient sustainable financial ecosystem.

About Ping An Insurance (Group) Company of China, Ltd.

Ping An Insurance (Group) Company of China, Ltd. (HKEX:2318 / 82318; SSE:601318) is one of the largest financial services companies in the world. It strives to become a world-leading provider of integrated finance, health and senior care services. Under the technology-enabled “integrated finance + health and senior care” dual-pronged strategy, the Group provides professional “financial advisory, family doctor, and senior care concierge” services to its nearly 250 million retail customers. Ping An advances intelligent digital transformation and employs technologies to improve financial businesses’ quality and efficiency and enhance risk management. The Group is listed on the stock exchanges in Hong Kong and Shanghai. As of the end of December 2024, Ping An had more than RMB12 trillion in total assets. The Group ranked 27th in the Forbes Global 2000 list in 2025, 47th in the Fortune Global 500 list in 2025, and ranked AAA in MSCI ESG Ratings in 2025

For more information, please visit the www.group.pingan.com and follow our LinkedIn page – PING AN.

China Automotive Systems Signs Strategic Cooperation MoU With KYB-UMW to Advance High-End Manufacturing in Malaysia and Further Develop ASEAN Market

By
Advertorial Desk
-

WUHAN, China, Nov. 3, 2025 /PRNewswire/ — China Automotive Systems, Inc. (NASDAQ: CAAS) (“CAAS” or the “Company”), a leading power steering components and systems supplier in China, today announced that its  subsidiary, Hubei Henglong Automotive Systems Group Co., Ltd. (“Hubei Henglong”), has signed a strategic cooperation memorandum of understanding (“MoU” ) with KYB-UMW Sdn Bhd in Malaysia.

KYB-UMW is a well-known local supplier of automotive chassis systems. It is a joint venture between KYB, a globally renowned automotive shock absorber and component company, and UMW, a core Malaysian automotive enterprise. UMW is a Malaysian conglomerate with core businesses covering automobiles, engineering, energy and other fields. It holds a 38% stake in Perodua, Malaysia’s largest car manufacturer, and it has also established a joint venture with Toyota in Malaysia, UMW Toyota Motor, providing significant influence in the local automotive industry chain.

This collaboration transcends a simple product export model, achieving a deep partnership encompassing technology transfer, collaborative production, and joint future planning. Initially, products will be supplied to Perodua, Malaysia’s national automotive brand. Moving forward, both parties will jointly explore further opportunities in the OEM and aftermarket sectors, extending the benefits of their collaboration to the broader ASEAN region. Through the cooperation MoU, a regional manufacturing and supply system will be centered in Malaysia, providing high-quality steering system solutions for original equipment manufacturers (OEMs) and the replacement parts market (REM).

According to the MoU, the two parties will jointly produce key automotive components such as electric power steering (EPS) systems and mechanical steering gears (MSG) locally. This cooperation represents an overseas extension of Hubei Henglong’s advanced technological capabilities and is also an important step to achieve localized manufacturing and regionalized services. The advanced technology brought by Hubei Henglong is expected to enhance KYB-UMW’s competitiveness as an automotive systems supplier.

To support this strategic partnership, KYB-UMW’s new advanced manufacturing plant (SP25) under construction is expected to be completed in December 2025 and operational in 2026. This plant will be dedicated to producing steering system products, including those using Hubei Henglong technology. Through cooperation with KYB-UMW, Hubei Henglong will introduce advanced Chinese steering technology to Malaysia, and work with local partners to build a future-oriented smart manufacturing ecosystem. This MoU marks a shift in Sino-Malaysian manufacturing cooperation from “supply chain reciprocity” to “value chain co-creation”.

In August 2018, Hubei Henglong and KYB formed Henglong KYB, which engages in design, manufacture, sales and after-sales service of automobile electronic systems, particularly for various advanced electric power steering (“EPS”) systems. This new cooperation further strengthens this ongoing relationship and expands its presence in the ASEAN markets.

Mr. Qizhou Wu, the Chief Executive Officer of CAAS, commented, “This strategic cooperative MoU marks a key step forward for Hubei Henglong in its internationalization strategy and regional cooperation.  With our partners, we plan to bring advanced steering system technology into the Malaysian and ASEAN markets as a key component of Hubei Henglong’s regional growth strategy. We firmly believe that by combining Hubei Henglong’s deep R&D expertise and product quality in advanced steering technology with KYB-UMW’s strong local manufacturing capabilities and market influence in Malaysia, we can efficiently and quickly provide local customers with high-quality, highly competitive steering system products and services.”

“Moving forward, both parties will jointly explore further opportunities in the OEM and aftermarket sectors, extending the benefits of their collaboration to the broader ASEAN region. We believe the ASEAN market is offering great growth opportunities for localized automotive parts manufacturing. We look forward to working closely to achieve localized production of high-value components at the Serendah campus. This is  a win-win situation for both companies, and a significant step in driving the transformation of Malaysia’s automotive industry,” Mr. Wu concluded.

About China Automotive Systems, Inc.

Based in Hubei Province, the People’s Republic of China, China Automotive Systems, Inc. is a leading supplier of power steering components and systems to the Chinese automotive industry, operating through its sixteen Sino-foreign joint ventures and wholly owned subsidiaries. The Company offers a full range of steering system parts for passenger automobiles and commercial vehicles. The Company currently offers four separate series of power steering with an annual production capacity of over 8 million sets of steering gears, columns and steering hoses. Its customer base is comprised of leading auto manufacturers, such as China FAW Group, Corp., Dongfeng Auto Group Co., Ltd., BYD Auto Company Limited, Beiqi Foton Motor Co., Ltd. and Chery Automobile Co., Ltd. in China, and Stellantis N.V. and Ford Motor Company in North America. For more information, please visit: http://www.caasauto.com. 

Forward-Looking Statements

This press release contains statements that are “forward-looking statements” as defined under the Private Securities Litigation Reform Act of 1995. Forward-looking statements represent our estimates and assumptions only as of the date of this press release. Our actual results may differ materially from the results described in or anticipated by our forward-looking statements due to certain risks and uncertainties. As a result, the Company’s actual results could differ materially from those contained in these forward-looking statements due to a number of factors, including those described under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K as filed with the Securities and Exchange Commission on March 28, 2025, and in documents subsequently filed by the Company from time to time with the Securities and Exchange Commission. Any of these factors and other factors beyond our control, could have an adverse effect on the overall business environment, cause uncertainties in the regions where we conduct business, cause our business to suffer in ways that we cannot predict, and materially and adversely impact our business, financial condition and results of operations. A prolonged disruption or any further unforeseen delay in our operations of the manufacturing, delivery and assembly process within any of our production facilities could continue to result in delays in the shipment of products to our customers, increased costs and reduced revenue. We expressly disclaim any duty to provide updates to any forward-looking statements made in this press release, whether as a result of new information, future events or otherwise.

For further information, please contact:

Jie Li
Chief Financial Officer
China Automotive Systems, Inc.
jieli@chl.com.cn 

Kevin Theiss
Awaken Advisors
+1-212-510-8922
Kevin@awakenlab.com 

1...1,9601,9611,962...6,491Page 1,961 of 6,491