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OXCCU Raises $28m in Series B Funding to Scale Sustainable Aviation Fuel from Waste Carbon

  • Backed by global leaders in aviation, energy, and climate investing, OXCCU strengthens its position as a critical player in the global push for commercially viable sustainable aviation fuel (SAF).
  • Series B investors include IAGi Ventures (the dedicated corporate venturing arm of the International Airlines Group), Safran Corporate Ventures, and Orlen VC alongside re-investment from world-class Series A participants.

OXFORD, England, Sept. 29, 2025 /PRNewswire/ — OXCCU, the Oxford University spin-out developing a one-step process to convert waste carbon into SAF, has raised £20.75 million ($28 million) in an oversubscribed Series B funding round. The round includes new investors Orlen VC, Safran Corporate Ventures, International Airlines Group (IAG), Hostplus, and TCVC, alongside continued support from existing backers Clean Energy Ventures, IP Group/Kiko Ventures, Aramco Ventures, Eni Next, Braavos Capital, and the University of Oxford.

This new capital will enable OXCCU to accelerate its commercialisation efforts, expand its operations, and advance its next phase of technology scale-up. It builds on the launch of the company’s OX1 demonstration plant at London Oxford Airport in 2024. Their second demonstration plant, OX2, is underway and will be fully operational in 2026.

The announcement comes at a time of growing regulatory momentum and market demand for sustainable fuels. However, despite mandates such as the UK SAF mandate and ReFuelEU, high production costs remain a major barrier to widespread adoption.

“In a market where capital is tight and investors are rightly selective, this raise is a testament to the strength of our science, the clarity of our mission, and the urgency of the problem we’re solving,” said Andrew Symes, CEO of OXCCU. “What we’re seeing is that serious players with truly distinctive technologies are still getting funded.”

The funding reflects increasing recognition that driving down SAF production costs is critical to unlocking aviation decarbonisation at scale. OXCCU’s process simplifies SAF production pathways by eliminating the need for reverse water gas shift or e-methanol steps. Instead, its patented iron-based catalyst enables the direct synthesis of jet-fuel-range hydrocarbons from gaseous waste carbon in a single exothermic reaction. This reduces capital and operating costs, and reduces the carbon intensity of the fuel.

The catalyst’s ability to operate with a wide range of carbon dioxide, carbon monoxide and hydrogen input gas compositions gives it the flexibility to efficiently convert different feedstocks such as reformed biogas, gasified wood waste, and pure carbon dioxide with hydrogen.

Jonathon Counsell, Group Sustainability Director at International Airlines Group (IAG), said:
“We recognise the need for the world to achieve net zero emissions by 2050 and for the aviation sector to play its part and to develop sustainably. IAG has been a leader in the sector, being the first airline group globally to commit to net zero by 2050. We are further committed to our goal of meeting 10% of our fuel needs with SAF by 2030. Meeting these goals will be supported by this investment into OXCCU which is part of our strategy of developing new partnerships to produce next-generation fuels.”

Ireneusz Fąfara, President of the Management Board of ORLEN, said:
“We invest in the technologies of tomorrow to effectively transform our business. This year, we introduced SAF—sustainable aviation fuel produced from renewable and waste raw materials—into our offering. In line with our strategy, by 2035 we aim to become one of the leading producers of SAF in Europe. Supporting the achievement of this goal is a new investment by ORLEN VC in the technology of OXCCU, a company enabling the conversion of green hydrogen and carbon dioxide into synthetic aviation fuel. Its commercialization will strengthen our market competitiveness and support our pursuit of carbon neutrality.”

Nathalie Stubler, Safran Chief Sustainability Officer comments: “At Safran, we are committed to advancing the decarbonization of aviation. In addition to the development of new technologies in our own products such as engines and aircraft equipment, we are also supporting the de-risking and industrial scale-up of the most promising sustainable aviation fuel technologies.”

Daniel Goldman, Managing Partner and Co-founder of Clean Energy Ventures, said: “OXCCU stands out not only for its differentiated technology but also for the speed of its progress toward commercial plants. In just a few years, the company has advanced from the lab to a commercial demonstration facility, proving that waste carbon and hydrogen can be converted directly into jet fuel at low cost. That rapid progress is reshaping the sustainable aviation fuel market, unlocking the affordability aviation needs to decarbonize. With the extraordinary leadership team and support of its strategic investors, we are confident OXCCU will lead the decarbonization of fuels and chemicals in the coming years.”

Dr Robert Trezona, Partner, Cleantech at IP Group, said: “This round is a significant milestone, not just for the Company, but for the sector – significant capital being put to work from established industry actors on a credible path to fully decarbonise aviation. OXCCU showcases the UK’s ability to lead in climate innovation, turning world-class science into global solutions, while generating jobs and lasting impact. We’re proud to continue to support the company as it scales its compelling single-step technology.”

OXCCU’s solution meets both environmental and commercial demands, with applications that extend beyond aviation into chemicals and plastics.

“This is a critical time for climate tech, as the urgency continues to increase,” added Symes. “Aviation needs a solution, and the serious lever is SAF. The challenge is SAF cost and that is exactly what we are addressing at OXCCU.”

About OXCCU TECH LTD

OXCCU, a spin-out company from the University of Oxford, is developing novel catalysts and reactor designs to convert waste carbon into liquid hydrocarbons with high conversion and selectivity for use as fuels and chemicals. The company is headquartered in the UK, with operations at Begbroke Science Park, Oxford, and London Oxford Airport.

Contact details:

UK contact: lili@shift6studios.com
US contact: melissa@shift6studios.com

About International Airlines Group (IAG)

International Airlines Group (IAG) is one of the world’s largest airline groups with 600+ aircraft carrying more than 122 million customers to 260 destinations across 91 countries each year. Its leading airlines in Spain, the UK and Ireland include Aer Lingus, British Airways, Iberia, LEVEL and Vueling. The Group also consists of two complementary businesses: IAG Cargo and IAG Loyalty. At IAG, transformation and innovation enable us to maximise value and efficiencies across the Group. IAGi, our dedicated innovation function, plays a critical role in scouting and accelerating breakthrough technologies that have the potential to reshape aviation.

Contact details: iagi@kekstcnc.com

About ORLEN

The ORLEN Group is an integrated multi-energy concern. The company operates in 10 domestic markets: Poland, the Czech Republic, Germany, Austria, Lithuania, Slovakia, Hungary, Canada, Norway, and Pakistan. Its offer reaches over 100 countries across 6 continents. The company’s activities include extraction of crude oil and natural gas, processing and sale of petroleum products, as well as generation and distribution of energy. A key element of ORLEN’s mission is to be a leader in the energy transformation process in the region.

Contact details: mateusz.witczynski@orlen.pl 

About Safran

Safran is an international high-technology group, operating in the aviation (propulsion, equipment and interiors), defense and space markets. Its core purpose is to contribute to a safer, more sustainable world, where air transport is more environmentally friendly, comfortable and accessible. Safran has a global presence, with 100,000 employees and sales of €27.3 billion in 2024, and holds, alone or in partnership, world or regional leadership positions in its core markets. Safran undertakes research and development programs to maintain the environmental priorities of its R&T and innovation roadmap. Safran Corporate Ventures is Safran’s venture capital arm, tasked with funding innovative technology businesses and startups. Since being founded in April 2015, it has contributed financing to innovative companies active in sectors related to Safran’s businesses (decarbonizing aircraft industry, Industry 4.0, onboard components, new materials, new services). Safran is listed on the Euronext Paris stock exchange and is part of the CAC 40 and Euro Stoxx 50 indices.

Contact details: isabelle.javary@safrangroup.com 

About IP Group

IP Group accelerates the impact of science for a better future. As the most active UK based, early stage science investor, we develop and support some of the world’s most exciting businesses in deeptech, life sciences and cleantech (led by Kiko Ventures). Through Parkwalk, the UK’s largest growth EIS fund manager, we also back world-changing innovation emerging in leading universities and research institutions. Our specialist investment team combines sector expertise with an international approach. Together we have a strong track record of success, having backed high-profile companies including Oxford Nanopore Technologies plc, Featurespace, First Light Fusion, Hysata, and Oxa. IP Group is listed on the Main Market of the London Stock Exchange under the code IPO. For more information, please visit our website at ipgroupplc.com.

Contact details: pauline.guenot@portland-communications.com 

About Clean Energy Ventures

Clean Energy Ventures invests in climate tech solutions with potential for multi-gigaton CO₂ reductions over the next three decades. Identifying exceptional engineering and leadership teams, CEV is a company builder, leaning in to support extraordinary innovations and leaders from seed stage through successful commercialization. Often the first partner to founders, CEV provides the capital, expertise, and care needed to help decarbonize global energy markets. Learn more at cleanenergyventures.com.

Contact details: cev@missionc2.com 

 

OMRON Healthcare Exceeds 400M Blood Pressure Monitors Sold

– Reinforcing Commitment to Preventive Cardiovascular and Home Blood Pressure Monitoring –

KYOTO, Japan, Sept. 29, 2025 /PRNewswire/ — OMRON HEALTHCARE Co., Ltd., a global leader in innovative medical equipment for preventive healthcare, announced that cumulative worldwide sales of OMRON blood pressure monitors (BPMs) have exceeded 400 million units. This landmark achievement underscores the company’s longstanding commitment to extending healthy life expectancy by advancing home blood pressure monitoring and preventive cardiovascular care.

Logo:
https://cdn.kyodonewsprwire.jp/prwfile/release/M000242/202509195504/_prw_PI1fl_k2sj30Cw.png 

Image:
https://cdn.kyodonewsprwire.jp/prwfile/release/M000242/202509195504/_prw_PI2fl_68Qw97R2.png 

The journey began over half a century ago, with the launch of the first OMRON-branded BPM in 1973, when all blood pressure measurement was conducted at medical facilities. Nowadays, thanks to advances in technology, anyone can easily and accurately measure their own blood pressure at home, and OMRON Healthcare has continued to drive the evolution of blood pressure management to support preventive healthcare, including efforts to detect potentially life-threatening conditions such as atrial fibrillation (AFib) at an early stage.

As a new chapter begins, OMRON Healthcare’s industry-leading devices and digital health platforms continue to transform daily monitoring into a powerful tool for the protection of global health. With distribution in over 130 countries and regions worldwide, OMRON Healthcare is committed to ensuring access to accurate, cost-effective home blood pressure monitors in emerging markets where preventive healthcare resources remain limited, working to reduce health disparities by enabling early detection and intervention in communities most at risk.

“Reaching 400 million units sold is more than a number — it represents the trust that millions of people place in OMRON Healthcare to support their journey toward longer, healthier lives,” said Ayumu Okada, President and CEO, OMRON HEALTHCARE Co., Ltd. “The quality and accuracy of OMRON blood pressure monitors are well recognized by healthcare professionals around the world. We remain dedicated to ‘Going for ZERO’ vision, aiming to eradicate cerebro-cardiovascular events globally by developing technologies that connect daily life and healthcare, empowering people everywhere to take preventive action. We will continue to promote innovative products, services, and educational efforts to raise awareness of hypertension risks — not only for those already diagnosed, but also for those who may not yet realize they are at risk.”

https://healthcare.omron.com/going-for-zero/400-million 

Innovation for Preventive Care
Building on over 50 years of expertise, OMRON Healthcare continues to advance technology that transforms blood pressure monitors into essential preventive care devices, through innovations including:

– Connected digital health monitoring: Bluetooth-enabled devices integrate with the OMRON connect (TM) app, supporting trend visualization, family sharing, and physician oversight.

– AI-powered detection: Unique, FDA-cleared Intellisense AFib (TM) technology enables early recognition of atrial fibrillation during routine monitoring.

– Integrated measurement: Complete (TM) monitor combines blood pressure and ECG readings, seamlessly shareable with physicians via the OMRON connect (TM) app.

– Remote monitoring partnerships: OMRON’s Digital Health Business continues to expand with the acquisition of new subsidiary Luscii, and strategic partnerships with international companies.

About OMRON Healthcare: https://kyodonewsprwire.jp/attach/202509195504-O1-1133eHlN.pdf 

For more information, please visit:
Website: https://healthcare.omron.com/
LinkedIn: https://www.linkedin.com/company/omron-healthcare-co-ltd-/ 

From Luohang Art Bazaar to Art Journey: Revitalizing Communities Through Art


FOSHAN, CHINA – EQS Newswire – 29 September 2025 – In the town of Danzao, Foshan, Luohang once existed as a quiet, traditional village, largely untouched by time. It held the treasured legacy of century-old bamboo weaving, carefully nurtured by both local residents and the government. Yet, like a hidden gem, its story remained largely untold. But in 2024, everything began to change. The “Xuyouji” art and social practice project was launched, with the Nanhai government partnering with a collective of artists to transform this ancient market into a vibrant, community-driven space—where culture, commerce, and neighborly harmony would converge.

Community residents participate in the creative process in the artist's workshop, preparing together for the annual Art Bazaar big exhibition.
Community residents participate in the creative process in the artist’s workshop, preparing together for the annual Art Bazaar big exhibition.

“Xuyouji”, which means “travelogue of art bazaar” in Chinese, is a long-term social innovation initiative, using art as a catalyst, the community as the core body, and the form of art bazaar as its stage. It sprouted from the practice in “Luohang Art Bazaar” and has become a living classroom for intangible cultural heritage as well as a vivid example of artistic intervention in urban and rural renewal.

A Metamorphosis: From Forgotten Market to Community Garden

Two years ago, Luohang was still a quiet, unassuming place. The traditional craft of bamboo weaving, once a proud heritage, had been passed down through a few elderly artisans. Though cherished, its relevance was fading as its practical use diminished.

In 2024, change began quietly taking root.

Artist collectives, including those led by Xiangyang, arrived and immersed themselves in the local culture. They gathered historical insights into Luohang and integrated their art forms—such as modern dance and installations—into the daily lives of the residents.

The results were transformative: one nearly abandoned house was carefully renovated by the artists and turned into a small garden, equipped with an automated irrigation system. What was once barren land became a beautiful, functional space—children played, and the elderly rested. This newly created public space is now lovingly maintained by local residents, who tend to the plants and flowers, turning it into a vibrant hub.

In just one year, the community witnessed a wave of collaboration. Entrepreneurial associations and women’s federations came together to build distinctive gardens, while residents contributed vacant land for development. Even local industrial parks repurposed neglected spaces into shared community gardens. Today, six unique gardens dedicated to science and aesthetic education have sprung up around the market, realizing the vision of “a garden just a minute or two away from home.”

The ancient art of bamboo weaving has now taken on new life. Transforming into modern lighting, abstract installations, and other art forms, it’s become part of the community’s daily surroundings. Artist studios and dance troupes have moved into old homes, giving new energy to these historic buildings. New businesses—coffee stands, bookstores, and boutique stores—have begun to thrive, creating a diverse commercial ecosystem.

The community, once mere onlookers, is now actively participating, becoming co-creators in the ongoing transformation.

Bamboo Weaving as a Bridge: A Path to Cultural Revival

At the start of the project, many elderly weavers were skeptical. “This isn’t practical, and no one will buy it,” they would say. When foreign artists suggested making the baskets smaller, they rejected the idea, thinking it was unnecessary.

But a breakthrough came through patience and consistent guidance. The artistic team began reimagining bamboo weaving—turning it into modern lighting fixtures, abstract sculptures, and other pieces of art. The once purely functional craft was now appreciated for its aesthetic value, opening the door to new possibilities.

Gradually, the elderly artisans’ attitudes shifted. What began as a tentative experiment grew into a collaborative exchange, as they began holding “workshops” to refine their craft. The once “useful” items were now seen as “art”—objects worthy of creative expression and innovation.

The project’s success attracted visitors from near and far, driving the growth of local shops and accommodations. To ensure that this artistic spark became a sustainable tradition, the team introduced a “Bamboo Weaving Big Ball” co-creation project, allowing residents to start by splitting bamboo slices and experience the entire process from raw material to artwork, passing on the warmth of the craft through their hands-on involvement. University students bring their graduation projects to the bazaar, breathing new life into tradition with fresh perspectives. In addition, universities such as Guangdong University of Finance and Economics and Foshan University have actively engaged with research projects, fostering a positive cycle of ‘teaching—creation—practice’.

The Travelogue of Art Bazaar: Weaving a New Path from Luohang

What began as a localized art project in Danzao Town has now grown into one of the three major district-level cultural and tourism brands, alongside the Land Art Festival and the Dragon Boat Super League. This transformation owes much to the Nanhai government’s support and long-term vision.

Through the “Hundred-County, Thousand-Town, Ten-Thousand-Village High-Quality Development Project” – a rural development initiative that aims to improve environmental conditions and quality of life in rural areas, the government not only provided financial backing but also introduced the “Cultural Industry Special Commissioner” system, bringing together art, technology, and business in an innovative collaboration. By fostering a partnership between government, artists, and local communities, the project has thrived, blending professional artistry with local needs.

This careful nurturing has created an exceptionally fertile ground for community-based art. In future plans, more local elements will be integrated with diverse artistic forms, flourishing like a garden in full bloom. Today, the scope of ‘Xuyouji’ is gradually expanding. This expansion is not a simple replication but is based on thorough research into the local conditions and cultural roots of each area, ensuring that every project aligns with the development of its community.

In 2025, the project will expand to Shishan Town in Nanhai District, leveraging the area’s industrial history and its transportation advantages, including the Guangshan Railway, to create the “Xiaotang International Art District.” The Shishan initiative will focus on industrial design, creating a unique, differentiated cultural and economic development model.

“Xuyouji” is pioneering a replicable path for urban and rural renewal. From revitalizing intangible cultural heritage in Luohang Art Bazaar to transforming industrial sites in Shishan, the project consistently adheres to an artistic philosophy that puts ideas first, with curators acting as bridges between artists, communities, and governments.

By tapping into the creative potential of each region, the project proves that art can do more than just decorate—it can revitalize. When traditional crafts meet modern innovation and when local needs align with government support, even the oldest markets can be given new life. As “Xuyouji” continues to unfold, more communities will find their own path to cultural and artistic renewal.
Hashtag: #NextIslandArtCenter

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

Uxin Reports Unaudited Financial Results for the Quarter Ended June 30, 2025

BEIJING, Sept. 29, 2025 /PRNewswire/ — Uxin Limited (“Uxin” or the “Company”) (Nasdaq: UXIN), China’s leading used car retailer, today announced its unaudited financial results for the quarter ended June 30, 2025.

Highlights for the Quarter Ended June 30, 2025

  • Transaction volume was 11,606 units for the three months ended June 30, 2025, an increase of 40.4% from 8,264 units in the last quarter and an increase of 107.1% from 5,605 units in the same period last year.
  • Retail transaction volume was 10,385 units for the three months ended June 30, 2025, an increase of 37.6% from 7,545 units in the last quarter and an increase of 153.9% from 4,090 units in the same period last year.
  • Total revenues were RMB658.3 million (US$91.9 million) for the three months ended June 30, 2025, an increase of 30.6% from RMB504.2 million in the last quarter and an increase of 64.1% from RMB401.2 million in the same period last year.
  • Gross margin was 5.2% for the three months ended June 30, 2025, compared with 7.0% in the last quarter and 6.4% in the same period last year.
  • Loss from operations was RMB43.1 million (US$6.0 million) for the three months ended June 30, 2025, compared with RMB35.3 million in the last quarter and RMB62.5 million in the same period last year.
  • Non-GAAP adjusted EBITDA[1] was a loss of RMB16.5 million (US$2.3 million) for the three months ended June 30, 2025, compared with a loss of RMB8.9 million in the last quarter and a loss of RMB33.9 million in the same period last year.

[1] This is a non-GAAP measure. The Company believes that the non-GAAP measures help investors and users of our financial information understand the effect of adjusting items on our selected reported results and provide alternate measurements of its performance, both in the current period and across periods. See “Use of Non-GAAP Financial Measures” and “Unaudited Reconciliations of GAAP And Non-GAAP Results” contained in this press release for a reconciliation and additional information on non-GAAP measures.

Mr. Kun Dai, Founder, Chairman and Chief Executive Officer of Uxin, commented, “Our business sustained its strong growth momentum in the second quarter of 2025, with retail transaction volume reaching 10,385 units, representing a 154% year-over-year increase and marking the fifth consecutive quarter of growth above 140%. Importantly, we have also maintained healthy operating efficiency, with inventory turnover days stable at around 30, and customer satisfaction, as measured by NPS (net promoter score), at an industry-leading 65. Reflecting this strength, we now expect retail transaction volume growth of over 125% year-over-year in the third quarter. Accordingly, we are raising our full-year 2025 growth guidance to approximately 130% compared to calendar year 2024.

Mr. Dai continued, “Since opening in February, our Wuhan superstore has performed ahead of expectations, achieving monthly sales of about 1,400 units with steadily improving profitability. At the same time, the expansion of our new superstores is progressing on schedule, with our Zhengzhou superstore officially commencing operations on September 27. We believe that the continued ramp-up of newly launched superstores, together with the sales momentum at our existing locations, will serve as strong and sustainable growth drivers for our business performance in the years ahead.”

Mr. Feng Lin, Chief Financial Officer of Uxin, stated, “Our strong sales growth this quarter was driven by improved inventory availability at existing stores and the continued ramp-up of our new superstore in Wuhan. Total revenues reached RMB658.3 million, including RMB607.6 million from retail vehicle sales, representing 87% year-over-year growth and 31% sequential growth. Our gross margin was 5.2%, reflecting the temporary impact of the new car price war in China, as well as the early-stage ramp-up of our Wuhan superstore. Looking ahead, we anticipate that unhealthy price competition in China’s new car market will be largely resolved thanks to supportive government policies and sales and profitability of our Wuhan superstore will continue to improve. As a result, we anticipate a strong rebound in our overall gross margin in the near future. Specifically, for the third quarter of 2025, we expect retail transaction volume of 13,500 to 14,000 units, representing over 125% year-over-year growth, total revenues of between RMB830 million and RMB860 million, and gross margin recovery to approximately 7.5%.”

Financial Results for the Quarter Ended June 30, 2025

Total revenues were RMB658.3 million (US$91.9 million) for the three months ended June 30, 2025, an increase of 30.6% from RMB504.2 million in the last quarter and an increase of 64.1% from RMB401.2 million in the same period last year. The increases were mainly due to the increase in retail vehicle sales revenue.

Retail vehicle sales revenue was RMB607.6 million (US$84.8 million) for the three months ended June 30, 2025, representing an increase of 30.5% from RMB465.5 million in the last quarter and an increase of 87.0% from RMB325.0 million in the same period last year. For the three months ended June 30, 2025, retail transaction volume was 10,385 units, representing an increase of 37.6% from 7,545 units last quarter and an increase of 153.9% from 4,090 units in the same period last year. By offering quality products and services, the Company’s superstores have earned customer trust and established Uxin as the well-recognized brand in regional markets, leading to a high in-store customer conversion rate. Additionally, since the Company’s newly launched superstore in Wuhan commenced trial operations in February 2025, both its inventory levels and sales have increased rapidly.

Wholesale vehicle sales revenue was RMB29.9 million (US$4.2 million) for the three months ended June 30, 2025, compared with RMB22.5 million in the last quarter and RMB63.9 million in the same period last year. For the three months ended June 30, 2025, wholesale transaction volume was 1,221 units, representing an increase of 69.8% from 719 units last quarter and a decrease of 19.4% from 1,515 units in the same period last year. Wholesale vehicle sales represent vehicles purchased by the Company from individuals that do not meet the Company’s retail standards and are subsequently sold through online and offline channels.

Other revenue was RMB20.8 million (US$2.9 million) for the three months ended June 30, 2025, compared with RMB16.2 million in the last quarter and RMB12.3 million in the same period last year.

Cost of revenues was RMB624.1 million (US$87.1 million) for the three months ended June 30, 2025, compared with RMB468.9 million in the last quarter and RMB375.6 million in the same period last year.

Gross margin was 5.2% for the three months ended June 30, 2025, compared with 7.0% in the last quarter and 6.4% in the same period last year. The quarter-over-quarter decrease in gross margin was mainly due to aggressive promotions in the new car sector in China during this quarter, which also put pressure on the gross margin for used cars. The year-over-year decrease in gross margin was mainly due to the trial operation of our new superstore in Wuhan, which commenced in February 2025. As the store is still in the early stage of operation, it is currently in a gross profit ramp-up phase. The Company expects that its overall gross margin will recover in the third quarter of 2025.

Total operating expenses were RMB96.7 million (US$13.5 million) for the three months ended June 30, 2025. Total operating expenses excluding the impact of share-based compensation were RMB86.8 million.

  • Sales and marketing expenses were RMB74.2 million (US$10.4 million) for the three months ended June 30, 2025, an increase of 20.3% from RMB61.7 million in the last quarter and an increase of 25.0% from RMB59.4 million in the same period last year. The increases were mainly due to the increased salaries for the sales teams.
  • General and administrative expenses were RMB19.4 million (US$2.7 million) for the three months ended June 30, 2025, representing an increase of 6.0% from RMB18.3 million in the last quarter and a decrease of 30.9% from RMB28.1 million in the same period last year. The year-over-year decrease was mainly due to the impact of share-based compensation expenses.
  • Research and development expenses were RMB3.1 million (US$0.4 million) for the three months ended June 30, 2025, representing an increase of 6.6% from RMB2.9 million in the last quarter and a decrease of 8.6% from RMB3.4 million in the same period last year.

Other operating income, net was RMB19.4 million (US$2.7 million) for the three months ended June 30, 2025, compared with RMB11.9 million for the last quarter and RMB2.8 million in the same period last year. The increases were mainly due to gains from derecognition of certain long-aged liabilities.

Loss from operations was RMB43.1 million (US$6.0 million) for the three months ended June 30, 2025, compared with RMB35.3 million in the last quarter and RMB62.5 million in the same period last year.

Interest expenses were RMB23.1 million (US$3.2 million) for the three months ended June 30, 2025, representing an increase of 2.5% from RMB22.5 million in the last quarter and an increase of 1.0% from RMB22.9 million in the same period last year.

Net loss from operations was net loss of RMB67.6 million (US$9.4 million) for the three months ended June 30, 2025, compared with net loss of RMB51.4 million in the last quarter and net loss of RMB49.8 million in the same period last year.

Non-GAAP adjusted EBITDA was a loss of RMB16.5 million (US$2.3 million) for the three months ended June 30, 2025, compared with a loss of RMB8.9 million in the last quarter and a loss of RMB33.9 million in the same period last year.

Liquidity

The Company has incurred net losses since inception. For the quarter ended June 30, 2025, the Company incurred net loss of RMB67.6 million and operating cash outflow of RMB131.8 million, and the Company’s current liabilities exceeded current assets by approximately RMB202.2 million and the Company had accumulated deficit in the amount of RMB19.7 billion as of June 30, 2025. Based on the Company’s liquidity assessment, which considers the management’s plan to address these adverse conditions and events including growing its vehicle sales revenue by increasing the sales volume, improving the gross profit margin by increasing the value-added services offered to its customers, maintaining vehicle turnover rate by managing reasonable vehicle prices, raising funds from planned financings, and adjusting its operation scale if and when necessary, the Company believes that it is probable to effectively implement these plans and accordingly, its current cash and cash equivalents which included funds from  equity and debt financings and the cash flows from operations are sufficient for the Company to meet its anticipated working capital requirements and other capital commitments and the Company will be able to meet its payment obligations when liabilities that fall due within the next twelve months from the date of this release.

Recent Development

On September 27, 2025, Uxin officially opened its fourth used car superstore in Zhengzhou, Henan Province. The new facility spans approximately 150,000 square meters, can display up to 5,000 vehicles and integrates an advanced reconditioning factory. Situated in central China’s key transportation hub, Zhengzhou provides strong market fundamentals with over 13 million residents and 5 million registered vehicles. The superstore’s opening marks another successful replication of Uxin’s large-scale superstore model and further strengthens the Company’s market presence in central China.

Business Outlook

For the three months ended September 30, 2025, the Company expects its retail transaction volume to range between 13,500 units and 14,000 units. The Company estimates that its total revenues including retail vehicle sales revenue, wholesale vehicle sales revenue and other revenue to range between RMB830 million and RMB860 million. The Company expects its gross profit margin to be around 7.5%. These forecasts reflect the Company’s current and preliminary views on the market and operational conditions, which are subject to changes.

Conference Call

Uxin’s management team will host a conference call on Monday, September 29, 2025, at 8:00 A.M. U.S. Eastern Time (8:00 P.M. Beijing/Hong Kong time on the same day) to discuss the financial results. In advance of the conference call, all participants must use the following link to complete the online registration process. Upon registering, each participant will receive access details for this conference including an event passcode, a unique access PIN, dial-in numbers, and an e-mail with detailed instructions to join the conference call.

Conference Call Preregistration: https://dpregister.com/sreg/10203124/fff4e64580

A telephone replay of the call will be available after the conclusion of the conference call until October 6, 2025, 2025. The dial-in details for the replay are as follows:

U.S.:                   +1 877 344 7529
International:      +1 412 317 0088
Replay PIN:        8674929

A live webcast and archive of the conference call will be available on the Investor Relations section of Uxin’s website at http://ir.xin.com.

About Uxin

Uxin is China’s leading used car retailer, pioneering industry transformation with advanced production, new retail experiences, and digital empowerment. We offer high-quality and value-for-money vehicles as well as superior after-sales services through a reliable, one-stop, and hassle-free transaction experience. Under our omni-channel strategy, we are able to leverage our pioneering online platform to serve customers nationwide and establish market leadership in selected regions through offline superstores with inventory capacities ranging from 2,000 to 8,000 vehicles. Leveraging our extensive industry data and continuous technology innovation throughout more than ten years of operation, we have established strong used car management and operation capabilities. We are committed to upholding our customer-centric approach and driving the healthy development of China’s used car industry.

Use of Non-GAAP Financial Measures

In evaluating the business, the Company considers and uses certain non-GAAP measures, including Adjusted EBITDA and adjusted net loss from operations per share – basic and diluted, as supplemental measures to review and assess its operating performance. The presentation of the non-GAAP financial measure is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with U.S. GAAP. The Company defines Adjusted EBITDA as EBITDA excluding share-based compensation, foreign exchange (losses)/gain, other income/(expenses), structure realignment cost which was mainly severance cost and equity in income of affiliates. The Company defines adjusted net loss attributable to ordinary shareholders per share – basic and diluted as net loss attributable to ordinary shareholders per share excluding impact of share-based compensation, deemed dividend to preferred shareholders due to triggering of a down round feature and accretion on redeemable non-controlling interests. The Company presents the non-GAAP financial measures because they are used by the management to evaluate the operating performance and formulate business plans. The Company also believes that the use of the non-GAAP measures facilitate investors’ assessment of its operating performance as this measure excludes certain finance or non-cash items that the Company does not believe directly reflect its core operations. The Company believe that excluding these items enables us to evaluate our performance period-over-period more effectively and relative to our competitors.

The non-GAAP financial measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. The non-GAAP financial measures have limitations as analytical tools. One of the key limitations of using Adjusted EBITDA is that it does not reflect all items of income and expenses that affect the Company’s operations. Share-based compensation, other income/(expenses) and foreign exchange (losses)/gain have been and may continue to be incurred in the business. Further, the non-GAAP measures may differ from the non-GAAP information used by other companies, including peer companies, and therefore their comparability may be limited.

The Company compensates for these limitations by reconciling the non-GAAP financial measure to the nearest U.S. GAAP performance measure, all of which should be considered when evaluating the Company’s performance. The Company encourages you to review its financial information in its entirety and not rely on a single financial measure.

Reconciliations of Uxin’s non-GAAP financial measures to the most comparable U.S. GAAP measure are included at the end of this press release.

Exchange Rate Information

This announcement contains translations of certain RMB amounts into U.S. dollars (“US$”) at specified rates solely for the convenience of the reader, except for those transaction amounts that were actually settled in U.S. dollars. Unless otherwise stated, all translations from RMB to US$ were made at the rate of RMB7.1636 to US$1.00, representing the index rate as of June 30, 2025 set forth in the H.10 statistical release of the Board of Governors of the Federal Reserve System. The Company makes no representation that the RMB or US$ amounts referred could be converted into US$ or RMB, as the case may be, at any particular rate or at all.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other things, the business outlook and quotations from management in this announcement, as well as Uxin’s strategic and operational plans, contain forward-looking statements. Uxin may also make written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Uxin’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Uxin’s goal and strategies; its expansion plans; its future business development, financial condition and results of operations; Uxin’s expectations regarding demand for, and market acceptance of, its products and services; its ability to provide differentiated and superior customer experience, maintain and enhance customer trust in its platform, and assess and mitigate various risks, including credit; its expectations regarding maintaining and expanding its relationships with business partners, including financing partners; trends and competition in China’s used car e-commerce industry and other related industries; the laws and regulations relating to Uxin’s industry; the general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Uxin’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Uxin does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For investor and media enquiries, please contact: 
Uxin Limited Investor Relations
Uxin Limited
Email: ir@xin.com

The Blueshirt Group
Mr. Jack Wang
Phone: +86 166-0115-0429
Email: Jack@blueshirtgroup.co

 

Uxin Limited 

Unaudited Consolidated Statements of Comprehensive Loss

(In thousands except for number of shares and per share data)

For the three months ended  June 30,

For the six months ended  June 30,

2024

2025

2024

2025

RMB

RMB

US$

RMB

RMB

US$

Revenues

Retail vehicle sales

324,967

607,611

84,819

594,388

1,073,129

149,803

Wholesale vehicle sales

63,897

29,889

4,172

103,619

52,436

7,320

       Others

12,320

20,771

2,900

22,328

36,935

5,156

Total revenues

401,184

658,271

91,891

720,335

1,162,500

162,279

Cost of revenues

(375,599)

(624,064)

(87,116)

(673,708)

(1,092,952)

(152,570)

Gross profit

25,585

34,207

4,775

46,627

69,548

9,709

Operating expenses

Sales and marketing

(59,353)

(74,213)

(10,360)

(110,168)

(135,916)

(18,973)

General and administrative 

(28,119)

(19,443)

(2,714)

(103,455)

(37,777)

(5,273)

Research and development

(3,380)

(3,089)

(431)

(9,407)

(5,988)

(836)

Reversal of credit losses, net

19

3

359

414

58

Total operating expenses

(90,852)

(96,726)

(13,502)

(222,671)

(179,267)

(25,024)

Other operating income, net

2,783

19,379

2,705

3,718

31,327

4,373

Loss from operations

(62,484)

(43,140)

(6,022)

(172,326)

(78,392)

(10,942)

Interest income

16

43

6

24

50

7

Interest expenses

(22,858)

(23,098)

(3,224)

(46,828)

(45,640)

(6,371)

Other income

633

480

67

1,255

6,765

944

Other expenses

(800)

(1,498)

(209)

(4,886)

(2,153)

(301)

Net gain from extinguishment of debt

35,222

35,222

Foreign exchange gains/(losses) 

479

(353)

(49)

990

423

59

Loss before income tax expense

(49,792)

(67,566)

(9,431)

(186,549)

(118,947)

(16,604)

Income tax expense

(38)

(39)

(5)

(50)

(39)

(5)

Equity in loss of affiliates, net of tax   

(5,951)

Net loss, net of tax

(49,830)

(67,605)

(9,436)

(192,550)

(118,986)

(16,609)

Add: net profit attribute to redeemable non-controlling
interests and non-controlling interests shareholders

(1,641)

(6,192)

(864)

(3,270)

(7,882)

(1,100)

Net loss attributable to UXIN LIMITED

(51,471)

(73,797)

(10,300)

(195,820)

(126,868)

(17,709)

Deemed dividend to preferred shareholders due to
triggering of a down round feature

(1,781,454)

Net loss attributable to ordinary shareholders

(51,471)

(73,797)

(10,300)

(1,977,274)

(126,868)

(17,709)

Net loss

(49,830)

(67,605)

(9,436)

(192,550)

(118,986)

(16,609)

Foreign currency translation,  net of tax nil

(1,216)

16

2

(1,150)

91

13

Total comprehensive loss

(51,046)

(67,589)

(9,434)

(193,700)

(118,895)

(16,596)

Add: net profit attribute to redeemable non-controlling
interests and non-controlling interests shareholders

(1,641)

(6,192)

(864)

(3,270)

(7,882)

(1,100)

Total comprehensive loss attributable to UXIN LIMITED

(52,687)

(73,781)

(10,298)

(196,970)

(126,777)

(17,696)

Net loss attributable to ordinary shareholders

(51,471)

(73,797)

(10,300)

(1,977,274)

(126,868)

(17,709)

Weighted average shares outstanding – basic

56,412,679,304

63,168,535,224

63,168,535,224

30,439,110,903

60,735,577,407

60,735,577,407

Weighted average shares outstanding – diluted

56,412,679,304

63,168,535,224

63,168,535,224

30,439,110,903

60,735,577,407

60,735,577,407

Net loss per share for ordinary shareholders, basic

(0.00)

(0.00)

(0.00)

(0.06)

(0.00)

(0.00)

Net loss per share for ordinary shareholders, diluted

(0.00)

(0.00)

(0.00)

(0.06)

(0.00)

(0.00)

 

Uxin Limited

Unaudited Consolidated Balance Sheets 

(In thousands except for number of shares and per share data)

As of December 31,

As of June 30,

2024

2025

RMB

RMB

US$

ASSETS

Current assets

Cash and cash equivalents

25,112

68,267

9,530

Restricted cash

767

37

5

Accounts receivable, net

4,150

3,597

502

Loans recognized as a result of payments under
guarantees, net of provision for credit losses of
RMB7,710 and RMB7,706 as of December 31, 2024 and
June 30, 2025, respectively

Other receivables, net of provision for credit losses of
RMB21,113 and RMB15,149 as of December 31, 2024
and June 30, 2025, respectively

14,998

13,077

1,825

Inventory, net

207,390

279,446

39,009

Prepaid expenses and other current assets

86,977

83,087

11,599

Total current assets

339,394

447,511

62,470

Non-current assets

Property, equipment and software, net

71,420

75,499

10,539

Finance lease right-of-use assets, net

1,346,728

1,332,908

186,067

Operating lease right-of-use assets, net 

194,388

187,781

26,213

Total non-current assets

1,612,536

1,596,188

222,819

Total assets

1,951,930

2,043,699

285,289

LIABILITIES, MEZZANINE EQUITY AND
SHAREHOLDERS’ DEFICIT

Current liabilities

Accounts payable

81,584

75,485

10,537

Other payables and other current liabilities

306,391

278,826

38,923

Current portion of operating lease liabilities

14,563

15,943

2,226

Current portion of finance lease liabilities

183,852

57,921

8,085

Short-term borrowings from third parties

174,616

221,582

30,932

Short-term borrowing from related parties

1,000

Total current liabilities

762,006

649,757

90,703

Non-current liabilities

Long-term borrowing from related party (i)

53,913

Long-term borrowing from third party

14,317

2,000

Consideration payable to WeBank

27,237

6,485

905

Finance lease liabilities

1,141,118

1,178,042

164,448

Operating lease liabilities

180,920

175,552

24,506

Total non-current liabilities

1,403,188

1,374,396

191,859

Total liabilities

2,165,194

2,024,153

282,562

Mezzanine equity

Redeemable non-controlling interests  (ii)

154,977

304,709

42,536

Total Mezzanine equity

154,977

304,709

42,536

Shareholders’ deficit

Ordinary shares (iii)

39,816

43,733

6,105

Additional paid-in capital (iii)

19,007,948

19,213,990

2,682,169

Subscription receivable from shareholders

(60,467)

(60,467)

(8,441)

Accumulated other comprehensive income

227,718

227,809

31,801

Accumulated deficit

(19,583,017)

(19,709,885)

(2,751,395)

Total Uxin’s shareholders’ deficit

(368,002)

(284,820)

(39,761)

Non-controlling interests

(239)

(343)

(48)

Total shareholders’ deficit

(368,241)

(285,163)

(39,809)

Total liabilities, mezzanine equity and shareholders’
deficit

1,951,930

2,043,699

285,289

(i) Long-term borrowing from related party outstanding as of December 31, 2024 amounted to RMB53.9 million. On September 12, 2024, the Company’s
Anhui subsidiary (“Uxin Anhui”) entered into a loan agreement with Pintu (Beijing) information Technology Co., Ltd. (“Pintu Beijing”), pursuant to
which Pintu Beijing agreed to extend loan to Uxin Anhui in a principal amount of the RMB equivalent of US$7.5 million for a term of 18 months from the
drawdown date unless other repayment schedule is negotiated and mutually agreed by Uxin Anhui and Pintu Beijing. The interest rate is 5.35% per
annum within 12 months after the drawdown date, and 8% per annum after 12 months until the loan is repaid in full. The loan is guaranteed by Uxin’s
Shaanxi subsidiary pursuant to a guarantee agreement entered on the same date. On September 13, 2024, Uxin Anhui made the drawdown of this loan,
and the total RMB amount received was classified as “Long-term borrowings from related party” in non-current liabilities. Subsequently in November
2024, the Company entered into a Share Subscription Agreement with Lightwind Global Limited (“Lightwind”, a wholly-owned subsidiary of Pintu
Beijing). Pursuant to this agreement and subject to the fulfilment of specified conditions, Uxin agreed to allot and issue, while Lightwind agreed to
subscribe for, a total of 1,543,845,204 Class A Ordinary Shares of the Company, with an aggregate subscription amount of US$7.5 million. When the
specified conditions were fulfilled and a repayment schedule of the long-term loan of US$7.5 million was mutually agreed, Lightwind shall invest
equivalent amount in the Company after Uxin Anhui repays the loan under the repayment schedule to Pintu Beijing.

In March 2025, a revised repayment schedule was mutually agreed by Uxin Anhui and Pintu Beijing. Pursuant to which, Uxin Anhui fully repaid the total
amount of principal and interests, amounting to RMB55.0 million, to Pintu Beijing by 2 installments, RMB15.0 million in March 2025 and RMB40.0 million
in April 2025. Concurrently, Lightwind made an equivalent investment in the Company as the specified conditions for the investment had been fulfilled.

(ii) On October 16, 2024, the Company, through Uxin Anhui, entered into an agreement with Wuhan Junshan Urban Asset Operation Co.,Ltd. (“Wuhan
Junshan”), a company indirectly controlled by Wuhan City Economic & Technological Development Zone, to establish a subsidiary, Wuhan Youxin
Intelligent Remanufacturing Co., Ltd. (“Uxin Wuhan”). Uxin Anhui will contribute RMB66.7 million and Wuhan Junshan will contribute RMB33.3 million,
representing approximately 66.7% and 33.3% of Uxin Wuhan’s total registered capital, respectively. As of June 30, 2025, the Company and Wuhan
Junshan each made contributions of RMB14.0 million to Uxin Wuhan, respectively, and the investment from Wuhan Junshan was recognized as
redeemable non-controlling interests.

On September 20, 2023, the Company entered into an equity investment agreement with Hefei Construction Investment. Pursuant to the agreement, Hefei
ConstructionInvestment will invest by multiple instalments in Uxin Hefei, and each instalment will be made after the lease payment is made by the Hefei
subsidiary, over a 10-yearperiod. As of June 30, 2025, the first-year and second-year rentals of approximately RMB147.1 million and RMB127.7 million
was converted intothe investment of approximately 12.02% and 8.40% equity interests in Uxin Hefei by Hefei Construction Investment, respectively. The
investment was recognized as redeemable non-controlling interests.

(iii) On March 4, 2025, the Company entered into a share subscription agreement with Fame Dragon Global Limited (the “Investor”), an investment
vehicle of NIO Capital, pursuant to which the Investor agreed to purchase 5,738,268,233 Class A Ordinary Shares of the Company for a total
consideration of US$27.8 million.  As of June 30, 2025, the Company had received US$19.0 million from Fame Dragon Global and issued 3,911,074,516
Class A Ordinary Shares of the Company to the Investor and entities designted by the Investor.

In substance, the Company issued a forward contract to the Investor, as the Investor is obligated to purchase the shares, and the Company is required
to issue them upon the satisfaction of the closing conditions at the pre-agreed price and amount which shall be a deemed dividend to the forward
contract holder recorded in the additional paid-in capital. In addition, given that this forward contract is considered indexed to the Company’s own stock
and meet the requirement for equity classification, it was also classified under the Company’s equity and was initially measured at fair value amounting to
RMB180.8 million with no subsequent remeasurement.

 

* Share-based compensation charges included are as follows:

For the three months ended June 30,

 For the six months ended June 30,

2024

2025

2024

2025

RMB

RMB

US$

RMB

RMB

US$

Sales and marketing

136

1,190

166

136

2,356

329

General and administrative

11,784

8,132

1,135

52,172

16,157

2,255

Research and development

128

625

87

128

1,242

173

 

Uxin Limited

Unaudited Reconciliations of GAAP And Non-GAAP Results 

(In thousands except for number of shares and per share data)

For the three months ended June 30,

 For the six months ended June 30,

2024

2025

2024

2025

RMB

RMB

US$

RMB

RMB

US$

Net loss, net of tax

(49,830)

(67,605)

(9,436)

(192,550)

(118,986)

(16,609)

Add: Income tax expense

38

39

5

50

39

5

Interest income

(16)

(43)

(6)

(24)

(50)

(7)

Interest expenses

22,858

23,098

3,224

46,828

45,640

6,371

Depreciation

16,577

16,649

2,324

32,337

33,242

4,640

EBITDA

(10,373)

(27,862)

(3,889)

(113,359)

(40,115)

(5,600)

Add: Share-based compensation expenses

12,048

9,947

1,388

52,436

19,755

2,757

– Sales and marketing

136

1,190

166

136

2,356

329

– General and administrative

11,784

8,132

1,135

52,172

16,157

2,255

– Research and development

128

625

87

128

1,242

173

Other income

(633)

(480)

(67)

(1,255)

(6,765)

(944)

Other expenses

800

1,498

209

4,886

2,153

301

Foreign exchange (gains)/losses

(479)

353

49

(990)

(423)

(59)

Structure realignment cost

13,948

Equity in loss of affiliates, net of tax

5,951

Net gain from extinguishment of debt

(35,222)

(35,222)

Non-GAAP adjusted EBITDA

(33,859)

(16,544)

(2,310)

(73,605)

(25,395)

(3,545)

For the three months ended June 30,

 For the six months ended June 30,

2024

2025

2024

2025

RMB

RMB

US$

RMB

RMB

US$

Net loss attributable to ordinary shareholders

(51,471)

(73,797)

(10,300)

(1,977,274)

(126,868)

(17,709)

Add: Share-based compensation expenses

12,048

9,947

1,388

52,436

19,755

2,757

– Sales and marketing

136

1,190

166

136

2,356

329

– General and administrative

11,784

8,132

1,135

52,172

16,157

2,255

– Research and development

128

625

87

128

1,242

173

Add: accretion on redeemable non-controlling
interests

1,650

6,298

879

3,300

7,986

1,115

Deemed dividend to preferred shareholders due to
triggering of a down round feature

1,781,454

Non-GAAP adjusted net loss attributable to ordinary
shareholders

(37,773)

(57,552)

(8,033)

(140,084)

(99,127)

(13,837)

Net loss per share for ordinary shareholders – basic

(0.00)

(0.00)

(0.00)

(0.06)

(0.00)

(0.00)

Net loss per share for ordinary shareholders –  
diluted

(0.00)

(0.00)

(0.00)

(0.06)

(0.00)

(0.00)

Non-GAAP adjusted net loss to ordinary
shareholders per share – basic and diluted

(0.00)

(0.00)

(0.00)

(0.00)

(0.00)

(0.00)

Weighted average shares outstanding – basic

56,412,679,304

63,168,535,224

63,168,535,224

30,439,110,903

60,735,577,407

60,735,577,407

Weighted average shares outstanding – diluted

56,412,679,304

63,168,535,224

63,168,535,224

30,439,110,903

60,735,577,407

60,735,577,407

Note: The conversion of Renminbi (RMB) into U.S. dollars (USD) is based on the certified exchange rate of USD1.00 = RMB7.1636 as of June 30, 2025 set forth in the H.10 statistical release of the Board of
Governors of the Federal Reserve System.

 

 

Manignom Auto Group Opens New Branch in Savannakhet

Manignom Auto Group opens a new branch in Savannakhet Province. 26 September 2025.

On 26 September, Manignom Auto Group expanded its operations by officially opening a new branch in Savannakhet Province, marking another step in the growth of the automotive industry in Laos and strengthening the company’s presence in the region.

Finran Group Launches Teiza, Malaysia’s First Layer 0 Blockchain Infrastructure, Offering a Secure, Interoperable Blockchain Foundation Catalysing the National Digital Agenda

Finran Group has launched Teiza, Malaysia’s First Native Layer 0 foundational blockchain, enabling transparency and interoperability, strengthening regulatory and compliance, meeting the needs of Government and business, whilst catalysing blockchain innovation and ecosystem development.


KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 29 September 2025 – Finran Group, an institutional finance group with a digital financial venture capital arm and a digital finance advisory firm announces the launch of Teiza, Malaysia’s first native Layer 0 blockchain infrastructure, via its wholly owned subsidiary FinranX.

Teiza aims to be a game-changing foundational solution aimed at accelerating innovation in the Web3 space and establishing Malaysia as a global blockchain innovation hub. This secure, foundational blockchain layer will power Malaysia’s digital economy, enabling the roll out of next-generational blockchain solutions for Governments and business, which will be immutable and interoperable, ensuring trust and transparency for all interactions and transactions.

Malaysia’s whole-of-nation focus on accelerating its digital ambitions both in the public and private sector is purely dependent on the effective deployment and utilization of a Layer 0 protocol, such as Teiza, which creates a safe, secure and robust base for the development of applications of national interest.

Teiza is able to support initiatives mentioned by Prime Minister YAB Anwar Ibrahim, when he launched the 13th Malaysia Plan, recently. And as Teiza is a fork of the globally proven Tycho Protocol technology, a protocol specialising and recognised as an advanced blockchain solutions tailored for Governments, enterprises, and individuals, the reliability of this protocol is already tried and tested.

As such the robustness of Teiza will enable secure, tried and tested interoperable ecosystems linking regulatory bodies, financial ecosystems, compliance solution providers, Halal supply chains, and other permission entities into a seamless secure foundational architecture.

“Teiza Layer 0 will power Malaysia’s digital transformation by providing a secure, scalable, and efficient solution, a much-needed foundational base for all blockchain related solutions. Our Layer 0 will allow for interoperability of all Layer 1, 2 and 3 blockchain solutions built upon it. This in turn, will provide a safe point of interaction with Government, private data, financial intermediation and other use cases such as halal traceability,” said Daler Fayziev, Group Chairman of Finran.

He added that Teiza as a base blockchain infrastructure will offer the much needed “ground layer” for a range of use cases, including but not limited to Islamic DeFi solutions and smart contract governance.

“Teiza will now allow for interoperability, scalability and security, providing the missing link, much needed by all blockchain projects in Malaysia to scale effectively. We are already in talks with a few statutory and national agencies keen to explore use cases within their ecosystems” Daler said.

This launch also supports the recent statement by Minister of Digital Gobind Singh Deo at the recent industry round table on the sidelines of the Malaysian Blockchain Week 2025 where he said “Blockchain is more than just technology – it is an enabler of trust“.

Teiza, once adopted as Malaysia’s Layer 0 will jumpstart the National Blockchain Policy, which in turn will strengthen Malaysia’s ability to turn sandboxed prototypes into market-ready interoperable blockchain solutions accelerating scalability of Web3 solutions for the whole nation.

When further integrated with Artificial Intelligence and Web3 technologies, Teiza unlocks unprecedented opportunities in areas such as smart governance, decentralised finance, supply chain integrity, and secure data sharing.

Teiza and the larger Finran Group, aims to facilitate this growth potential for Malaysia, growing the Web3 ecosystem into a significant tangible economic driver, realising the nation’s ambitions of becoming a digital leader in the region and internationally.

Hashtag: #Finran #Teiza

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

FINRAN GROUP

Finran Group operates as an investment solutions group, built on leadership with extensive institutional finance experience across Asia-Pacific markets. Our team has successfully navigated multiple crisis periods while building broad institutional client relationships, demonstrating consistent performance through diverse market conditions and economic cycles. Over the years, we have achieved exceptional growth since our inception and are proud to continue growing our presence in the industry, in Australia, Malaysia and beyond. Finran’s digital capabilities is further expanded via Finran X, its wholly owned subsidiary, which focusses solely on blockchain technology and its related solutions.

Website:

About FINRANX

FinranX is a wholly owned subsidiary of Finran Group and aims to be the region’s premier blockchain solutions provider uniquely positioned as both a comprehensive blockchain technology implementation partner and standalone blockchain application software platform provider.

We aim to serve as the authorized implementation partner for Malaysia’s National Blockchain Ecosystem via our Layer 0 foundational blockchain known as Teiza. Teiza’s launch will allow for the development of specialized blockchain infrastructure across all industries, including bespoke secure Governmental applications, digital finance solutions (including Islamic digital finance), traceability applications and secure data applications which will be interoperable between all solutions built upon it.

Teiza’s cutting-edge custom blockchain technology implementation capabilities, enables it to serve as a trusted bridge between blockchain technology and potential real world use cases.

Website: Website:

Education in Motion launches EiM Education Advisory Board

Leading thinkers from academia, policy, and industry to explore bold ideas on the future of learning

SINGAPORE, Sept. 29, 2025 /PRNewswire/ — Education in Motion (EiM), a leading global education group, today announced the launch of its EiM Education Advisory Board, a pioneering initiative designed to advance thought leadership and innovation in education worldwide.

Formed under the auspices of EiM, whose portfolio includes the Dulwich College International schools and other premium educational offerings, the Board will be co-chaired by Lesley Meyer, EiM’s Chief Education Officer with more than 35 years of international school leadership experience, and Richard Levin, who served as President of Yale University from 1993 to 2013 and Chief Executive Officer of Coursera from 2014 to 2017.

The Advisory Board will bring together leading voices from academia, policy, and industry to explore bold ideas shaping the future of learning. Additional members will include Rose Luckin of University College London, a world-renowned expert on AI in education; David Leebron, former President of Rice University and former Dean of Columbia Law School; Andrew Hamilton, former Vice Chancellor of Oxford University and former President of New York University; and Doris Sohmen-Pao, former Princeton University trustee and INSEAD MBA Programme Director, now serving on educational boards in Singapore and worldwide.

Lesley Meyer, Chief Education Officer at EiM, said, “The EiM Education Advisory Board reflects our mission to pioneer education. By bringing together extraordinary thinkers and leaders, we aim to explore fresh ideas that will inspire the next generation of learning worldwide. Education is the most powerful force we have to shape a better future, and we are convening some of the world’s most forward-thinking voices to imagine what learning can and should be for the next generation of students.”

Richard Levin, Frederick William Beinecke Professor of Economics Emeritus at Yale, added, “Schools today face the dual task of nurturing timeless intellectual skills while adapting to new modes of learning. The Education Advisory Board will engage deeply with how best to harness technology, cultivate critical thinking, and foster creativity, so that education remains both rigorous and relevant. I am delighted to co-chair this Board and to work with EiM and global colleagues in shaping conversations that will help schools and learners thrive in the decades ahead.”

The Board will convene its first summit in Singapore this academic year.

About Education in Motion

Education in Motion (EiM) is a global leader in pioneering educational excellence, inspiring generations of learners to Live Worldwise. Since the founding of its first school over two decades ago, EiM has grown its diverse portfolio of schools and brands, offering a blend of innovation and tradition through a range of premium educational offerings across the globe. These include Dulwich College International, which offers both K-12 schools and a High School Programme; Dehong®, offering bilingual education; Green School International, promoting sustainability across Bali and the world; Sherfield School in the United Kingdom; Hochalpines Institut Ftan AG (HIF) in Switzerland; Ignite, a unique outdoors-based overseas residential programme; and Chinese-language learning and teaching platform Wo Hui Mandarin.

Today, EiM empowers over 11,500 students across 15 schools worldwide to thrive holistically on tailored pathways for each unique individual, resulting in outstanding academic results and top university matriculation.

For more information about EiM and its brands, visit www.eimglobal.com.

Enigmatig Signs MOU with TVA Capital to Empower SMEs for Sustainable Growth in Asia Pacific

Strategic partnership marks Enigmatig’s first move following its NYSE listing, reinforcing its commitment to sustainable growth and long-term value creation in the region

SINGAPORE, Sept. 29, 2025 /PRNewswire/ — Enigmatig Limited (NYSE American: EGG) (“Enigmatig”), a global business enabler empowering companies scale across borders, has signed a Memorandum of Understanding (MOU) with Thailand-based TVA Capital Consultancy Co., Ltd. (“TVA Capital”), a boutique investment banking firm specializing in corporate and financial advisory, mergers, and acquisitions (M&A).

The agreement marks Enigmatig’s first strategic partnership since its NYSE listing, positioning Thailand as a pivotal gateway for the firm’s expansion. It underscores Enigmatig’s mission to drive sustainable, long-term growth for corporates and small and medium-sized enterprises (SMEs) across Asia Pacific, with an emphasis on responsible market entry and long-term value creation.

Through this collaboration, Enigmatig and TVA Capital will pursue opportunities in corporate advisory, financial advisory, and M&A. The partnership combines Enigmatig’s global expertise in corporate services and regulatory processes with TVA Capital’s strong local network and advisory track record in Thailand. Both parties have also committed to grant each other first right of refusal for all projects involving Thai clients seeking international expansion and non-Thai clients entering the Thai market.

Desmond Foo, Founder & CEO of Enigmatig, said:Thailand is a dynamic hub at the heart of Southeast Asia. This partnership with TVA Capital gives us a strong foothold to support businesses looking to scale beyond borders while building a stronger presence in the region. More importantly, it is a meaningful step that reflects our commitment to helping corporates and SMEs achieve sustainable, long-term growth through trusted partnerships and cross-border expertise.”

Chayaditt Hutanuwatra, Chairman of TVA Capital, added:“At TVA, we have always sought partners who bring proven capabilities and real value to our clients. Enigmatig’s track record in guiding SMEs and corporates through complex regulatory and market entry processes, as well as their growth journey culminating in a successful NYSE listing, demonstrates this. We are confident this partnership will empower our clients to expand sustainably and strategically into global markets.”

The MOU takes effect immediately and will remain in force for an initial two-year term, with the possibility of renewal.

About Enigmatig Limited
Enigmatig is an international business enabler dedicated to helping small and medium-sized enterprises (SMEs) achieve their international ambitions. Since 2010, we have connected businesses with the expertise, infrastructure, and regulatory support needed to succeed in cross-border markets.

With deep capabilities in FX brokerage consultancy, licensing, RegTech, FinTech, and corporate services, Enigmatig delivers tailored solutions across the full business lifecycle – from company incorporation to ongoing compliance. Our experienced team specializes in navigating complex regulatory environments across global financial hubs and key offshore centers, including London, Cyprus, and Belize.

Headquartered in Singapore with a strategic presence in Hong Kong, Shanghai, London, and a representative desk in Bangkok, Enigmatig supports a diverse and growing international client base.

For more information, please visit: https://enigmatig.com

CONTACT: Cindy Choo, cindy@enigmatig.com