SHENZHEN, China, Oct. 20, 2025 /PRNewswire/ — Hosted by RX Greater China and its local partners, Industrial Tech World Asia 2025 (ITWA 2025) will be grandly staged from October 28 to 30 at the Shenzhen World Exhibition & Convention Center (Bao’an), China. As one of Asia’s influential industrial technology mega event, this year’s exhibition brings together cutting-edge technologies and innovative achievements across four advanced manufacturing sectors: automotive, electronics, display, and new materials. ITWA 2025 is expected to attract about 3,500 exhibitors and over 160,000 trade visitors from around the world. With its 8 exhibitions running concurrently, the event has further expanded in scale and impact, serving as a key platform to capture global advanced manufacturing trends and to facilitate cross-sector and cross-border collaboration and trade.

Shape the Industry Innovation Landscape at the Global Venue

Transforming technological achievements into real-application industry productivity drives new quality growth. As China’s industrial capital and a recognized global innovation hub, Shenzhen provides fertile ground for ITWA 2025, making it a central platform to showcase and validate cutting-edge innovations in advanced manufacturing. The exhibition will feature numerous global and China-first product launches, attracting top international and local high-tech companies and emerging innovators to the 8 concurrent shows.

The diverse and strong exhibitor lineup showcases the latest trends and innovations in advanced manufacturing. Highlights include China National Pharmaceutical Foreign Trade Corporation with BASLER digital cameras, Magic-Ray’s MagicScan 3D camera, TST Inspect’s SRC vision inspection system, and Haitronics Optoelectronics’ high-resolution optical lenses.

The electronics manufacturing and automation sectors will be featured by major brands like Yamaha, Hanwha, Fuji, Kurtz, Omron, Suneast, Quick, Anda, Desen, JT and GKG showcasing innovative solutions; and Fanuc, Elite Robots, Flexiv, Agilebot, Zmotion, Cronus, Dunkermotoren, Seavo Technology, Baigu and WhaleBI demonstrating industrial robots and automated production lines.

In the ICV sector, leaders including Neolix, Rino.ai, AUTO CITY, National Intelligent Voice Innovation Center, HSAE, Genvict, Neusoft Reach, INVT, BWI Group, Tianrun and Haldex VIE EMB will showcase innovations such as autonomous logistics vehicles, smart cockpits, and in-vehicle displays. Materials and equipment innovators like 3M, Tesa, Crown, Youyi Tape, YG Group, Beiren, Huayang, Kinglabel, Sunnyou, MingXun and Wanhua will present cutting-edge base materials, while display leaders BOE, TCL CSOT, HKC, iFlytek, E-Ink, Trulyopto, CSG, Caihong Group, WG Tech, DKE and 3D Chips support end-product upgrades across the supply chain.

ITWA also features a dedicated international exhibition zone, with over a hundred renowned companies from Japan, Korea and Europe, providing Chinese manufacturers with a frontline platform to observe global technology trends.

Visionary Heights: Decoding Industry Transformation

Building on its showcase of industrial innovation, ITWA 2025 combines trend releases, themed zones, and expert forums to provide strategic insights into technological evolution and market directions, guiding industry transformation.

Themed Zones Showcasing Cutting-Edge Applications

Focusing on diverse dimensions of technological innovation and application integration, ITWA 2025 features nearly 20 themed zones.

• The Machine Vision Innovation Product Exhibition Area
• The Embodied Intelligence Robot Core Parts Disassembly Area
• The Flexible Manufacturing and Intelligent Transport System Area
• The UNMANNED VEHICLE Zone 
• Adhesives ZoneAI+AR Smart Glass Experience Zone

Notably, this year introduces the debut of a hundred new products with focus on cutting-edge technologies such as low-temperature curing, providing high-performance adhesive solutions for the new energy, electronics, automotive, and semiconductor sectors.

The AI+AR Smart Glass Experience Zone will showcase advanced applications enabled by AI algorithms, including AR displays, gesture/voice interaction, real-time translation, and scene recognition, allowing attendees to experience the limitless possibilities of technology firsthand.

Thought Leadership Forum Fostering Industry Consensus

Over 80 high-caliber forums and seminars form the intellectual core and expertise hub of ITWA 2025, providing deep-exchange opportunities for specialists across niche sectors. The SMTA International Forum gathers electronic manufacturing leaders and SMT experts from China, the U.S. and Malaysia to analyze the core advantages of the PCBA industry and regional development differences, offering forward-looking insights for global SMT collaboration. The Global E-Paper Technology and Application Summit Forum 2025 focuses on the integration of color e-paper with AI and big data technologies for innovative applications. The 6th Emerging Markets Adhesive Technology Innovation and Market Development Forum delves into adhesive material innovations, providing strategic guidance to gain a competitive edge in dynamic market.

Collaboration Across Industrial Manufacturing Value Chains

Amid the restructuring of global industrial chains and the accelerating convergence of technological innovations, efficient and reliable cross-border collaboration and supply chain optimization have become central concerns for major manufacturers. ITWA 2025 aims to serve as a key venue connecting global manufacturing capabilities, addressing industry needs through precise business matchmaking services.

Visitor registration for the exhibition continues to surge in the lead up to the show, with total registrations surpassing 100,000 so far, including nearly 10,000 international visitors. Attendees are largely focused on industry innovation trends, seeking to leverage the exhibition platform to identify high-quality suppliers, optimize their supply chains, and achieve cost reduction, technological advancement, and sustainable development.

The “International Tech Salon” will showcase China’s cutting-edge electronics manufacturing technologies through demos, case studies, and company visits to FANUC, SUNEAST, and RISONG, enabling overseas buyers to witness live innovation advantages. Meanwhile, the “UK Innovation Workshop” organized by the UK Department for International Trade will focus on AI, digital energy, and IoT, fostering global collaboration and strategic insights.

The debut Hong Kong Pavilion will spotlight Hong Kong’s strengths in electronics manufacturing services and smart connected vehicle technologies, complemented by dedicated matchmaking sessions. The Factory Direct Procurement Season will bring together premium suppliers to offer one-stop sourcing services, shortening the supply chain and maximizing business value for participants.

Digital Solutions Empowering Overseas Visitors: RX Connect

To help overseas attendees navigate the vast show floor efficiently, ITWA 2025 has upgraded the RX Connect, a convenient digital tool designed to streamline the entire visitor journey. At its core, CS Online offers 24/7 support in English and Chinese answering questions about visits, on-site activities, and transportation — ensuring international participants have clear guidance at every step. Meanwhile, the Colleqt Check-in feature allows visitors to scan and collect exhibitor info deck digitally for permanent access, participate in check-in reward activities, and receive exclusive gifts from selected exhibitors.

One Pass for 8 Shows: A Grand Carnival of Industrial Innovation

As ITWA 2025 enters the final stage of preparation, anticipation is mounting across the global industrial community. From October 28 to 30, 2025, the Shenzhen World Exhibition & Convention Center (Bao’an) will once again become the focal point for technological breakthroughs and industrial collaboration. Spanning 140,000 square meters, the exhibition will present a comprehensive cross-sector showcase of innovation and application. With one pass granting access to 8 concurrent exhibitions, ITWA 2025 offers participants a panoramic view of the evolving landscape of advanced manufacturing — a world-class platform to uncover trends, connect resources, and drive the next leap in global industrial value chains.

Pre-register Now for Access to 8 Co-located Events & Save $15 Instantly!

Pre-registration grants free access to all eight shows, priority forum seats.

Visitor Registration: https://ali2.infosalons.com.cn/reg/NEPCON25FORM/web/MEGASHOW25VST/#/login?lang=zh-CN

Join us at China’s Silicon Valley – Shenzhen this October at ITWA 2025— Where industries Connect, the Future is Made.

For more information, registration details, or to schedule interviews, please visit: https://www.rxglobal.com.cn/zh-cn/megaen.html

About RX

RX is a global leader in events and exhibitions, leveraging industry expertise, data, and technology to build businesses for individuals, communities, and organisations. With a presence in 25 countries across 41 industry sectors, RX hosts approximately 350 events annually. RX is committed to creating an inclusive work environment for all our people. RX empowers businesses to thrive by leveraging data-driven insights and digital solutions. RX is part of RELX, a global provider of information-based analytics and decision tools for professional and business customers. For more information, visit RX Global website at www.rxglobal.com and RX Greater China website at www.rxglobal.com.cn

About ITWA

ITWA (Industrial Tech World Asia) is Asia’s premier trade show for cross-sector technology integration and industrial transformation. Held in Shenzhen, a recognized innovation hub, this mega show has further expanded in scale this year under the strategic partnership between RX and the China Machine Vision Union (CMVU) to feature 8 flagship events spanning machine vision, advanced electronics manufacturing, NEV technologies, next-generation displays and advanced materials, showcasing cutting-edge solutions and fostering valuable connections. ITWA serves as a vital platform for international business collaboration and technological innovation, connecting upstream and downstream industries. It helps you seize opportunities in Asian markets, expand global partnerships and chart a new course for the future of industrial technology.

www.rxglobal.com.cn/zh-cn/megaen.html 

Contact Us:

Visiting and Co-operation, please contact

• Mr. Sam Jia – E: sam.jia@rxglobal.com  WhatsApp: +86 136 0126 1540
• Mr. Walden Li – E: walden.li@rxglobal.com  WhatsApp: +86 136 5125 1335

For Hosted Buyer Application and Matchmaking Enquiry, please contact

• Mr. Alan Li – E: alan.lee@rxglobal.com  WhatsApp: +86 158 9757 6857

• TGE Achieved ~160% Increase in Revenue
• Hospitality arm’s revenue increased by over 60%
• Total Net Income Surged over 70% to US$61.0 million (non-GAAP adjusted)
• Total Assets amounted to US$1.25 billion (US$25.7/share)
• Net asset value amounted to US$841 million (US$17.3/share)

PARIS, NEW YORK and SINGAPORE, Oct. 20, 2025 /PRNewswire/ — The Generation Essentials Group (“TGE”, the “Company”, or “we”, NYSE: TGE), jointly established by AMTD Group, AMTD IDEA Group (NYSE: AMTD; SGX: HKB) and AMTD Digital Inc. (NYSE: HKD), a NYSE listed company focusing on global strategies and developments in multi-media, entertainment, and cultural events worldwide as well as hospitality and VIP services, announces its unaudited financial results for the six months ended June 30, 2025.

Highlights and Key Developments

• TGE owns AMTD L’Officiel’s intellectual properties (“IP”) globally and maintains our operations through direct owner’s model and franchisee network in over 30 countries and regions. In the six months ended June 30, 2025, we started our first IP extended businesses under L’Officiel Coffee. Featuring carefully curated specialty coffees, beautifully crafted sweets including L’Officiel mousse cakes, L’Officiel magazine cakes (with inter-changing of covers on the magazine cakes, leveraging our world library of global fashion images and magazines’ covers of over 100 years), in a stylish space at Omotesando in Japan, the venue’s popularity grew rapidly, establishing it as a vibrant social and cultural hotspot well beloved by influencers, local communities, and visitors alike. TGE has announced plans to roll out L’Officiel Coffee globally and target to open 15-20 L’Officiel Coffee shops worldwide in the the next three years.
• Hotel operations, hospitality and VIP services income increased from US$7.9 million in the comparable period in 2024 to US$12.7 million in the six months ended June 30, 2025, representing a 60.3% growth.
• During the six months ended June 30, 2025, the Company completed the business combination with Black Spade Acquisition II Co. This business combination is not within the scope of IFRS 3 since Black Spade Acquisition II Co does not meet the definition of a business in accordance with IFRS 3, the transaction is accounted for as a share-based payment transaction within the scope of IFRS 2. As the fair value of consideration transferred is higher than the net identifiable net assets acquired, the Company recognized share-based payments of US$58.9 million as a result of the business combination. This represents an exceptional one-off expense resulting from the completion of the business combination, and such expense did not affect the Company’s recurring operating results and financial position.

Statement from the Board Members and Senior Management:

Dr. Feridun Hamdullahpur, co-chairman of the board and chairman of the audit committee of the Company, said, “TGE the three alphabets takes many meanings for our company and for me as Co-Chairman of the board: we are the generation essentials, a company with our global capability and credentials to provide authentic, ethical and quality contents to the current generation of individuals and beyond. On the other hand, we are the global entertainment enterprise committed to expanding our presence in a multi-dimensional and global manner across various areas of growth. We are also the growing enterprise that offers multiple avenues of growth in a diversified manner across media, entertainment and hospitality spaces. We are proud of our results and we are confident to deliver long term values to our shareholders”.

Mr. Samuel Chau, director and CFO of the Company, said, “The first half of 2025 has been a transformative period for The Generation Essentials Group, marked by the successful completion of our business combination and listing on the NYSE. This milestone represents a significant step forward in expanding our global presence and reinforcing our position as a leader in multi-media, entertainment, and cultural affairs. As we continue to grow, our focus remains on delivering innovative experiences, creating value through our diverse portfolio, and driving excellence across our core businesses.” 

Financial Results for the Six Months Ended June 30, 2025

Revenue

Our revenue for the six months ended June 30, 2025 amounted to US$87.4 million, as compared to US$34.2 million recorded for the comparable period in 2024. The increment was primarily attributable to: 

• Hotel operations, hospitality and VIP services income increased from US$7.9 million in the comparable period in 2024 to US$12.7 million for the six months ended June 30, 2025, representing a 60.3% growth.
• Dividend income and gain related to disposed financial assets at fair value through profit or loss was US$8.6 million for the six months ended June 30, 2025, compared to US$8.7 million for the comparable period in 2024.
• Net fair value changes on financial assets at fair value through profit or loss was US$56.2 million for six months ended June 30, 2025, compared to US$7.2 million for the comparable period in 2024. The increase was mainly attributable to the unrealized gain on our investment portfolio in 2025.

Cost of Production and Cost of Hotel Operation

Cost of production and cost of hotel operation increased from US$34.2 million for the comparable period in 2024 to US$87.4 million in six months ended June 30, 2025, mainly due to the additional costs recognized from our hotel operation in line with the increase in revenue generated from our hotel operation, as well as the launch of our L’Officiel Coffee in Japan.

Other Income

Other income decreased from US$24.8 million for the comparable period in 2024 to US$7 thousand for the current period, mainly due to the disposal of the entire equity interests in certain of our subsidiaries engaging in non-core business during 2024.

Share-based payments

During six months ended June 30, 2025, the Company completed the business combination with Black Spade Acquisition II Co. This business combination is not within the scope of IFRS 3 since Black Spade Acquisition II Co does not meet the definition of a business in accordance with IFRS 3, the transaction is accounted for as a share-based payment transaction within the scope of IFRS 2. As the fair value of consideration transferred is higher than the net identifiable net assets acquired, the Company recognized share-based payments of US$58.9 million resulting from the business combination.

This expense was one-off in nature resulting from the completion of the business combination, and such expense did not affect the Company’s recurring operating results and financial position.

Fair value change on financial liabilities at FVTPL

Upon the business combination between the Company and Black Spade Acquisition II Co, the Company has 16,220,000 warrants outstanding. The Company recognized the warrant as financial liabilities at FVTPL and thus the changes in fair value have been recognized in profit or loss. In the current period, the Company recognized US$5.2 million fair value gain on the warrants.

Other Operating Expenses

Other operating expenses for the six months ended June 30, 2025 increased by 69.5% as compared to the comparable period in 2024 to US$10.4 million, primarily attributable to an increase in our hotels’ depreciation charges and the additional other operating costs recognized from our hotels in line with the increase in revenue generated from our hotel operation.

Staff Costs

Staff costs for the six months ended June 30, 2025 remain relatively steady at US$5.7 million compared to the comparable period in 2024.

Finance Costs

Finance costs for the six months ended June 30, 2025 decreased slightly by 3.4% compared to the comparable period in 2024 to US$4.6 million, primarily due to our continuous efforts in asset liability management controls.

Income Tax Expense

Income tax expense for the six months ended June 30, 2025 remained steady at US$1.5 million compared to the comparable period in 2024.

Profit For the Period

The Company recorded a non-GAAP adjusted net income of US$61.0 million in the six months ended June 30, 2025, a growth of 74.5% as compared to the comparable period in 2024. On GAAP basis, there is an additional one-off share-based payments charge of US$58.9 million against the above non-GAAP adjusted net income, which was recognized upon the completion of the business combination. See “Unaudited Reconciliation of IFRS and Non-GAAP Results.”

Non-GAAP Financial Measures

We adjusted net income, which is non-GAAP financial measures, in evaluating our operating results and for financial and operational decision-making purposes. Adjusted net income represents profit for the period excluding one-off share-based payment expense arising from the completion of the business combination in accordance with IFRS 2. We define adjusted net income as profit for the period adjusted for non-recurring or extraordinary items.

We believe that non-GAAP financial measures help identify underlying trends in our business that could otherwise be distorted by the effect of one-off share-based payment expenses that we include in our profit for the six months ended June 30, 2025. We also believe that non-GAAP financial measures provide useful information about our results of operations, enhances the overall understanding of our past performance and future prospects and allows for greater visibility with respect to key metrics used by our management in our financial and operational decision-making.

Non-GAAP financial measures are not presented in accordance with IFRS and may be different from non-GAAP methods of accounting and reporting used by other companies. Non-GAAP financial measures have limitations as analytical tools and when assessing the our operating performance, investors should not consider them in isolation, or as a substitute for financial information prepared in accordance with IFRS. We encourage investors and others to review our financial information in its entirety and not rely on a single financial measure. We mitigate these limitations by reconciling non-GAAP financial measures to the most comparable IFRS performance measures, all of which should be considered when evaluating our performance. For more information on non-GAAP financial measures, please see “Unaudited Reconciliation of IFRS and Non-GAAP Results” set forth at the end of this press release.

About AMTD IDEA Group

AMTD IDEA Group (NYSE: AMTD; SGX: HKB) represents a diversified institution and digital solutions group connecting companies and investors with global markets. Its comprehensive one-stop business services plus digital solutions platform addresses different clients’ diverse and inter-connected business needs and digital requirements across all phases of their life cycles. AMTD IDEA Group is uniquely positioned as an active super connector between clients, business partners, investee companies, and investors, connecting the East and the West. For more information, please visit www.amtdinc.com or follow us on X (formerly known as “Twitter”) at @AMTDGroup.

About AMTD Digital Inc.

AMTD Digital Inc. (NYSE: HKD) is a comprehensive digital solutions platform headquartered in France. Its one-stop digital solutions platform operates key business lines including digital media, content and marketing services, investments as well as hospitality and VIP services. For AMTD Digital’s announcements, please visit https://ir.amtdigital.net/investor-news.

About The Generation Essentials Group

The Generation Essentials Group (NYSE: TGE), jointly established by AMTD Group, AMTD IDEA Group (NYSE: AMTD; SGX: HKB) and AMTD Digital Inc. (NYSE: HKD), is headquartered in France and focuses on global strategies and developments in multi-media, entertainment, and cultural affairs worldwide as well as hospitality and VIP services. TGE comprises L’Officiel, The Art Newspaper, movie and entertainment projects. Collectively, TGE is a diversified portfolio of media and entertainment businesses, and a global portfolio of premium properties.

Safe Harbor Statement

This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar statements. Statements that are not historical facts, including statements about the beliefs, plans, and expectations of 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 AMTD IDEA Group:
IR Office
AMTD IDEA Group
EMAIL: ir@amtdinc.com 

For AMTD Digital Inc.:
IR Office
AMTD Digital Inc.
EMAIL: ir@amtdigital.net 

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